#Crypto Asset Management Market
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Crypto Asset Management Market – Industry Specific Opportunities and Trends Affecting the Growth | Bakkt, BitGo., Coinbase, Crypto Finance AG
Global Crypto Asset Management Market report from Global Insight Services is the single authoritative source of intelligence on Crypto Asset Management Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Crypto asset management is the process of handling digital assets such as Bitcoin and Ethereum. This includes everything from buying, selling, and transferring these assets. It also involves keeping track of the value of these assets and monitoring their performance.
Get Access to A Free Sample Copy of Our Latest Report – https://www.globalinsightservices.com/request-sample/GIS20522/
Key Trends
The key trends in Crypto Asset Management technology are:
1. Decentralization: Cryptocurrency assets are typically managed through decentralized platforms, which allows for greater security and transparency.
2. Automation: Many crypto asset management platforms offer automated features, such as portfolio rebalancing and tax loss harvesting.
Key Drivers
The key drivers of the Crypto Asset Management market are the increasing popularity of digital assets and the need for efficient management of these assets. With the increasing popularity of digital currencies, there is a growing need for platforms that can manage these assets effectively. Crypto Asset Management platforms provide investors with the ability to track, manage, and trade digital assets. These platforms also offer features such as portfolio management, security, and analytics.
Key Market Segments
By Offering
Custodian Solution
Wallet Management
By Deployment Mode
Cloud
On-premises
By Application
Web-based
Mobile
By Region
North AmericaU.S.
Free Customization Available – https://www.globalinsightservices.com/request-customization/GIS20522
Key Players
Bakkt
BitGo.
Coinbase
Crypto Finance AG
Gemini Trust Company LLC.
ICONOMI Limited
Paxos Trust Company LLC.
Ledger SAS
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10-year forecast to help you make strategic decisions
In-depth segmentation which can be customized as per your requirements
Free consultation with lead analyst of the report
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Robust and transparent research methodology
Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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The Rise of Bitcoin NFTs: Franklin Templeton’s Insights and Investor Warnings
Franklin Templeton, a global asset manager, has recognized the profound impact of Bitcoin non-fungible tokens (NFTs) on the cryptocurrency industry, signaling a significant rise in innovative developments within the Bitcoin ecosystem. The firm’s digital assets division recently released a briefing titled “The Rise of Bitcoin Ordinals” on its social media platforms, highlighting the growing influence of Bitcoin NFTs as a driving force behind renewed activity within the Bitcoin network.
#Franklin Templeton#Bitcoin NFTs#cryptocurrency#NFT market#NodeMonkes#Runestone#trading volume#market capitalization#blockchain#crypto market#memecoins#Bitcoin ETF#EZBC#investment#digital assets#financial protections#risk management#cryptocurrency industry#innovation#cryptomarkt
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Business owners are constantly looking for ways to grow their customer base and improve efficiency in the finance industry. Wealth management software application can greatly help financial business owners to achieve their goals.
Our experts will join your team to build your product & teach you throughout the process.
Build Your Team: https://bit.ly/3sS3Lve
#welath#wealth manager#assets managers#investement idea#finance#financial market#finance news#crypto currency usa#investment managers
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Here are the top five countries leading the way for blockchain and crypto asset management, including the UK, Nigeria, and more.
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Learn how crypto asset management UK can help healthcare companies organize and manage their digital files more efficiently.
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Global Crypto Asset Management Service Market
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#Blog#Business and Finance#Euronext#Europe#Jacobi Asset Management#Markets#News#Spot Bitcoin Etf#adsvibe#blockchain#business#crypto#cryptocurrency#earn money#extra job#news#online job#play to earn#social media#social network#social platform#sports#technology#work from home
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Wealth Building: Money Topics You Should Learn About If You Want To Make More Money
Budgeting: This means keeping track of how much money you have and how you spend it. It helps you save money and plan for your needs.
Investing: This is like putting your money to work so it can grow over time. It's like planting seeds to grow a money tree.
Saving: Saving is when you put some money aside for later. It's like keeping some of your treats for another day.
Debt Management: This is about handling money you owe to others, like loans or credit cards. You want to pay it back without owing too much.
Credit Scores: Think of this like a report card for your money habits. It helps others decide if they can trust you with money.
Taxation: Taxes are like a fee you pay to the government. You need to understand how they work and how to pay them correctly.
Retirement Planning: This is making sure you have enough money to live comfortably when you're older and no longer working.
Estate Planning: This is like making a plan for your stuff and money after you're no longer here.
Insurance: It's like paying for protection. You give some money to an insurance company, and they help you if something bad happens.
Investment Options: These are different ways to make your money grow, like buying parts of companies or putting money in a savings account.
Financial Markets: These are places where people buy and sell things like stocks and bonds. It can affect your investments.
Risk Management: This is about being careful with your money and making smart choices to avoid losing it.
Passive Income: This is money you get without having to work for it, like rent from a property you own.
Entrepreneurship: It's like starting your own business. You create something and try to make money from it.
Behavioral Finance: This is about understanding how your feelings and thoughts can affect how you use money. You want to make good choices even when you feel worried or excited.
Financial Goals: These are like wishes for your money. You need a plan to make them come true.
Financial Tools and Apps: These are like helpers on your phone or computer that can make it easier to manage your money.
Real Estate: This is about buying and owning property, like a house or land, to make money.
Asset Protection: It's about keeping your money safe from problems or people who want to take it.
Philanthropy: This means giving money to help others, like donating to charities or causes you care about.
Compounding Interest: This is like a money snowball. When you save or invest your money, it can grow over time. As it grows, you earn even more money on the money you already earned.
Credit Cards: When you borrow money or use a credit card to buy things, you need to show you can pay it back on time. This helps you build a good reputation with money. The better your reputation, the easier it is to borrow more money when you need it.
Alternate Currencies: These are like different kinds of money that aren't like the coins and bills you're used to like Crypto. It's digital money that's not controlled by a government. Some people use it for online shopping, and others think of it as a way to invest, like buying special tokens for a game.
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A summary I saw posted on discord! I did not write this ❤️
ok here's my effort at collating all the high-level updates.
Neopets is now a standalone entity after JS's closure.
New head of said entity is Dominic Law (staff name probably Altador...that's what he goes by in NMC server), who previously headed NMC and saved Neopets through a "management buyout deal"
New TNT has raised $4M from external investors to be used for rebuilding the brand/site.
Plan to incorporate Ruffle to save Flash content. 50(!) games will be returning via Ruffle on July 25th!
Plan to launch new mobile app "World of Neopia", "a social life-simulation game in which you live your ideal Neopian life from the perspective of a Neopet"
Plan to increase communication. "releasing monthly updates, hosting regularly scheduled AMAs, and launch an exciting new brand ambassador program"
New unified home page launching July 20
Plan to relaunch Island Builders
Plan for "a virtual concert"
Plan for a new plot (called "The Void Within" per the youtube video)
Launch 2M NC giveaway, which ends Aug 6
Neopets Metaverse has been cancelled. Some assets will be used for World of Neopia, but world of Neopia will have no crypto/NFT elements. Collectibles continue to exist and can be traded on secondary markets but have no utility.
#im plagiarizing sorry#cautiously optimistic i guess? i am nervous about the new owner's association with crypto however#neopets
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Is Crypto Really Going To Crash? (Yes)
Crypto is going to crash and could take your savings with it.
In June 2022, Bitcoin dropped over 30 percent to its lowest values since December 2020, and Ethereum, the second-most valuable cryptocurrency, fell about 35 percent. TerraUSD, a so-called “stablecoin,” also collapsed when its underlying cryptocurrency LUNA lost 97 percent of its value in just 24 hours, apparently destroying some investors’ life savings. The implosion helped trigger a crypto meltdown that erased $300 billion in value across the market.
As cryptocurrency prices plummeted, Celsius Network — an experimental cryptocurrency lender — announced it was freezing withdrawals “due to extreme market conditions.”
These crypto crashes and freezes have fueled worries that the complex crypto banking and lending system is on the brink of ruin.
But this crash shouldn’t surprise anyone familiar with the industry – or anyone who remembers the financial crashes of 1929 and 2008.
Let me explain.
In the murky world of crypto decentralized finance, known as DeFi, it’s hard to understand who provides money for loans, where the money flows, or how easy it is to trigger currency meltdowns.
There are no standards for issues of custody, risk management, or capital reserves. There are no transparency requirements. Investors often don’t know how their money is being handled. Deposits are not insured.
It’s a Ponzi scheme. Like all Ponzi schemes, getting rich depends on how many other investors follow you into it – until somebody’s left holding the worthless crypto coin.
Why isn’t this market regulated? Follow the money.
The crypto industry is pouring huge amounts into political campaigns. It has hired scores of former government officials and regulators to lobby on its behalf — including three former chairs of the Securities and Exchange Commission, three former chairs of the Commodity Futures Trading Commission, three former U.S. senators, and even former Treasury Secretary Larry Summers.
In the past, cryptocurrencies kept rising by attracting new investors and big Wall Street money, along with celebrity endorsements. But all Ponzi schemes topple eventually – just like the Wild West finances of the 1920s did.
Back then, Americans had been getting rich by speculating on shares of stock, as other investors followed them into these risky assets — pushing their values ever upwards. When the toppling occurred in 1929, it plunged the nation and the world into the Great Depression.
That crash resulted in the Glass-Steagall Act, signed into law by Franklin D. Roosevelt in 1933. Glass-Steagall separated commercial banking from investment banking, putting an end to the giant Ponzi scheme that had overtaken the American economy and led to the Great Crash of 1929.
It took a full generation to forget that crash and allow the forces that caused it to repeat their havoc.
By the mid-1980s, as the stock market soared, speculators noticed they could make even more money if they gambled with other people’s money, as speculators did in the 1920s. They pushed Congress to deregulate Wall Street, arguing that the United States financial sector would otherwise lose its competitive standing internationally.
The final blow was in 1999, when the Clinton administration succumbed to intensive lobbying and ditched what remained of Glass-Steagall. With its repeal, American finance once again became a betting parlor.
Inevitably, Wall Street suffered another near-death experience when its Ponzi schemes began toppling in 2008, just as they had in 1929. While the U.S. government bailed out the biggest banks and financial institutions, millions of Americans lost their jobs, their savings, and their homes – but only a single banking executive went to jail. In the wake of the 2008 financial crisis, a new but watered-down version of Glass-Steagall was enacted — the Dodd-Frank Act.
Which brings us — nearly a century after Glass-Steagall — to today’s crypto crash.
If we should have learned anything from the crashes of 1929 and 2008, it’s that regulation of financial markets is essential. Otherwise they turn into Ponzi schemes — leaving small investors with nothing and endangering the entire economy.
It’s time for the Biden administration and Congress to end the crypto Ponzi scheme.
In the meantime, share this video so your friends and family don’t fall for it.
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One stop solution to Defi Asset Management - a comprehensive suite of services in crypto
A one-stop solution for decentralized asset management would ideally provide a platform that allows users to access various DeFi services and manage their digital assets in one place. This could include features such as lending and borrowing, trading, yield farming, and portfolio management. The platform would also need to have high levels of security and transparency, as well as user-friendly interface.There are few projects in the Defi market that are working on a one stop solution for Defi Asset Management. Aarna protocol is one such project offering a comprehensive solution for Defi Asset Management.
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(1)Exchanges:How to choose the right platform
To break things down by which top priorities to consider, here are the most important factors that go into choosing where to trade:
Reputation
Safety and Security
Asset Selection
Customer Service
Trading Tools
Liquidity and Trading Volume
Other less important factors that also need to be considered according to each unique individual’s situation, include minimum deposits required, fees, company ethos, or even location. For example, some cryptocurrency platforms cannot cater to certain users from specific regions according to law.
Doing your own research into each platform is necessary to find the right platform tailored to suit your unique needs.
Reputation
This is subjective, but in the end, it is you that needs to be comfortable with the platform you have selected.
To learn more about each platform’s reputation, begin with Google search. Read the company Wikipedia entries, if they exist. Those that do have longevity will have more information available.
Many of these platforms offer thriving communities of their own, manage active sub-Reddits, and interact with users via social media.
Reviews of platforms can be helpful, but beware that many of these reviews are paid.
A company with a strong reputation will have a clear, transparent leadership team, a relatively low amount of user complaints (no one is perfect), and an active presence on social media.
Those without their own presence on social media should at least be the subject of positive chatter from other users on social media. Searching for hashtags related to each platform and more can be of major assistance.
Safety and Security
Security may be the most critical piece of any trading platform or crypto exchange. In 2018, the number of cryptocurrency related exchange hacks reached over $1 billion in lost customer funds.
Many of these platforms offered at least some level of security, however, hackers are becoming highly advanced and no platform is full proof. This is why the largest sums of cryptocurrencies should always remain stored in a cold storage wallet while any active trading funds remain on an exchange for easy access.
Security features include cryptographically hashed passwords, two factor authentication, address whitelisting, and numerous other failsafes.
Look for platforms that haven’t experienced hacks in the past, and always select from the most popular platforms whenever possible.
Asset Selection
Many platforms only offer Bitcoin trading, while others feature an extensive list of exotic altcoins that are far more speculation than actual use cases.
There are also now a number of trading platforms that offer cryptocurrencies alongside traditional assets such as commodities, forex, stock indices, and more. If traditional markets interest you as well, this type of multi-asset platform may be the ideal choice.
Customer Service
Issues with a cryptocurrency exchange or trading platform are rare, but when problems, questions, or concerns do arise, you want a platform that actually responds in a timely manner, and addresses any issues in a friendly, calm, and helpful capacity.
Trading Tools
As traders become more advanced and cryptocurrency users more comfortable with storing their assets on exchanges, eventually, trading tools tend to outweigh nearly all other aspects of any platform.
If it is a stop trading platform, at the bare minimum market, limit, and stop orders must be present. Margin trading platforms offer additional tools such as long or short potions, and leverage to amplify any return on investment.
Whether or not a platform offers built-in charting software or an API that connects with more advanced tools could be a deal breaker for many.
Liquidity and Trading Volume
Beyond trading tools, the more advanced a trader becomes, the more important a platform’s trading volume and liquidity becomes.
Platforms with very few users may promise low fees or other powerful tools, but without an ample amount of users buying and selling to add liquidity at a high enough volume, larger sized orders can drive up or down prices by cleaning out an order book.
Worse yet, low liquidity causes slippage, or leaves orders left unfilled.
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@youzicha
#trying to understand wtf is happening to svb because uh. i want my salary
The business model of banks
The way banks work is that they take in deposits and make loans.
So I put money in a bank, but ALSO I took money out of a bank to get a car loan which let me buy the car that I used to commute to work to pay off the car loan. And also drive to Death Valley. GOOD little car. Could go from Vegas to SF on a tank of gas.
What this means from a bank's perspective is that your bank balance is a problem and the loans they make are assets. Because you took in $20K of deposits and then gave me an $18K car loan that I paid back at $400/month for 5 years. And at the end of 5 years, you will have taken $18000 and turned it into $24000.
And if one person asks for $2K back, you have $2K. And if someone(s) a year from now asks for $10K back, you have:
$2K in cash
But also the $4800 in cash I paid you last year. Minus the amount of money you spent last year running the actual bank.
The money used to found the bank (The Equity)
The ability to shop around and say "Poi is going to pay us $400/month every month for the next 4 years and if he stops doing that, you get a gently used Chrysler 200 to sell. How much are you willing to give us for that cashflow?" <- THIS IS THE PROBLEM
So as long as you are:
Liquid, meaning that you can give people their money back when they ask for it
Solvent, meaning that if EVERYONE asked for their money back, you'd sell off all the loans you'd made, give them their money back, and also have a >$0 pile of cash to go Scrooge McDuck in after you shut down the bank.
you get to keep existing.
If you're liquid, but non-solvent and somehow manage to hide it, this is called Bernie Madoff. But also "The Bank of Japan in 2023".
If you're solvent, but non-liquid, someone rolls up and buys your assets for "The value of your liabilities and also this Snickers Bar" and that's a pretty standard action.
And if you're non-liquid and insolvent, uh look crypto is weird but go look at FTX. There's a list of creditors and several months or even years from now, you'll get a fraction of your deposits back based on the recovery value of the underlying assets.
What specifically happened to SVIB
So you are a bank in 2019. And specifically, you are the Bank of Startups. And startups are very bad loan risks and also have giant piles of VC checks so they don't actually need loans.
$200 Billion of VC checks in fact. Which they gave to you. And because you're a good bank, you put $20 Billion in the cushion fund and now you have to figure out how to use $180 Billion to generate enough money to keep running the bank.
Unfortunately, it's 2019 and all the liquid risk-free assets pay 0.08% and that's not enough money to pay your bank tellers. So you make a (in retrospect dumb, in practice I'm not sure it's dumb enough I scream just at SVIB) decision to put it into:
A bunch of Treasuries that pay 1.5% or so
A bunch of mortgage-backed securities which are default risk-free b/c of post-2008 reforms. If someone forecloses, the government pays you back at par.
Corporate bonds which are risky but hey that's why you charged 5% right?
So these are illiquid, but they're not like... that illiquid and if interest rates ticked up a percentage point, a 5-year bond with 3 years to go is still like 98% of face value, it's totally fine.
And now you have $4-6 Billion/year to pay your bank tellers with and also improve that cushion.
And if you don't do these things, Silicon Valley Investment Bank does not exist. CHASE BANK does not exist. This was a prerequisite to having banking services in this country post-2008 in literally 0 interest rate environments.
And then the Fed goes on a historically unprecedented interest increase. So your 1.x% bonds are now competing in the market with 5% bonds and your 2.6% mortgages are competing with 7% mortgages and hoooo boy.
A 2.6% $400K mortgage pays you $20K/year and is currently worth $260K at 7%. $180 Billion of assets marked down to ???? Billion. 7 years to break-even and your bank tellers need to get paid.
Now for most banks, this isn't a problem. They're an actually profitable Bernie Madoff by design as a feature. They can't give everyone their money back, but they don't have to. And the bonds are paying up and the mortgages are paying up and 5% nominal GDP growth isn't a lot, but it's something and of course, you're making NEW loans at 7% so if you can just keep paying 0% interest on bank deposits and keep pulling in 7% interest loans, you'll make it out of the next few years, and you're suddenly solvent again.
Except for you.
Because you are the Bank of Startups.
And when interest rates went up, VC funding went down. So you have these perfectly good businesses (for now at least) that are constantly and continuously drawing down on their bank accounts.
And remember, this isn't 1982. You're only making 2%. Your cap ratio is 5%. All those mortgages paying in 5% of book value every year and if you get out over your skis, you cease to exist. You're going to hear the words "Duration Risk" a lot and this is that.
So you try to do an equity raise. You'll sell the rights to some of that 5% cashflow (and remember, it's increasingly 7% interest/10% cap which is slightly more exciting) in exchange for the money you need NOW TODAY to pay out your withdrawals.
At which point Andreesen goes "Uh what my friends?", tells all of his buddies to pull their cash, and $42 Billion gets withdrawn in less than 24 hours. Leaving $160 Billion behind.
And now we remember that bank accounts over $250,000 (IE: One paycheck at a $6.5 Million payroll company) aren't technically FDIC insured.
Lessons Learned
And the thing is that I really can't just blame SVIB here. They got stuck in a pretty terrible trap caused by the US Government. And the US Government likes it when you buy Treasuries and likes it when you buy and SVIB was, more or less, doing the things you as a society wanted them to do.
And the Federal Reserve explicitly destroyed them for it.
Don't get me wrong, they were weird. But I'm not sure they were weird enough especially given the constraints of 2019-2021 that I can just go "Eh, screw them". Spread that blame AROUND.
And any bank that can survive a FORTY PERCENT drawdown in the value of the underlying assets.... isn't a bank. At least not as we mean it here in 2023. The Fed's stress tests involve a 'severely adverse scenario' where 10-year US Treasury yields are at 0.7% (and only get to 1.5%). They're currently at 3.6%.
The second set of lessons that we learned today goes like this:
There are lots and lots and LOTS of reasons that small or medium businesses might temporarily or permanently want more than $250K in raw USD cash in a bank account at some point. This is now a banking risk. (There's some tricks you can play if you're really large, but those also have limits)
However, if you bank at Chase Bank (or any other bank on the too-big-to-fail list), you are infinitely insured. Because CHASE BANK is backed by the entire combined firepower of the US Government and banking sectors. If Chase Bank stops existing, the nukes have fallen.
So why would I ever use a local bank for anything at all ever again? At which point you now get another round of contagion in the system where everyone gets out of these regional banks. Because remember, EVERY BANK IN THE WORLD INCLUDING THE BANK OF JAPAN is now insolvent.
Because they were destroyed for the crime of "Doing exactly we wanted them to do". Oh sure, in a risky sort of way, but see that note above about the Fed Stress tests.
Where "What we wanted them to do" involved buying government debts
Are you uh... 100% absolutely certain you want to be teaching those lessons? That if you buy US Treasuries, you will be destroyed for your crimes? That if you use a regional bank and they are destroyed for their crimes of making loans to the Feds, your business dies with it?
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Explore the Bit Loop: New crypto asset circulation and reward mechanisms
Explore the Bit Loop: New crypto asset circulation and reward mechanisms
In the dynamic and ever-evolving cryptocurrency space, Bit Loop stands out for its innovative money circulation system and team sharing reward system. This article will delve into how Bit Loop enables the automatic circulation of assets and the distribution of rewards through smart contract technology, as well as the principles behind these mechanisms and possible implications.
Bit Loop Overview of the circulation system
The Bit Loop allows users to put in USDT (a stablecoin), choose the cycle to participate in, after which the funds will be automatically returned to the user at the end of the cycle. This process is done automatically through smart contracts without human intervention, greatly increasing the transparency and security of transactions. Based on real-time data such as the number of wallet addresses, the amount of funds in circulation and other parameters, the smart contract automatically calculates the order demand of both the supply and demand sides, and matches the transaction.
The team shares the reward system
Another notable feature of Bit Loop is its team sharing reward system, which encourages users to invite new participants to join and increase mobility. Based on the amount of their own investment and the activities of users they directly and indirectly invite, users can be rewarded from the circulation revenue of up to 17 generations of friends. For example:
Circulation 100USDT rewards you with 20% of your 1st generation friend circulation revenue.
After 200USDT circulation, the reward extends to 2 generations of friends, 10% of the revenue each time.
As the amount of circulation increases, the reward can be expanded to more friends, but the reward percentage gradually decreases.
All rewards are automatically processed through smart contracts and deposited directly into the user's wallet, which ensures the fairness and efficiency of the process.
Risk and consideration
While Bit Loop offers an attractive way to invest and earn, participants still need to consider the associated risks. First, while smart contracts reduce the potential for human error and fraud, they do so only if the contract itself is free from vulnerabilities and attacks. Second, a multi-tiered reward structure needs to ensure that it does not evolve into unsustainable payment schemes or be seen as pyramid schemes.
In addition, the volatility and uncertainty of the cryptocurrency market are also potential risk factors. Participants should conduct proper market research and risk assessment, and maintain reasonable management of investment quotas.
conclusion
By combining the advantages of modern blockchain technology, Bit Loop provides a new circulation and appreciation path for crypto assets. Its innovative team sharing reward system is also likely to attract a large number of users, driving the growth and development of the platform. However, the potential risks also remind participants of the importance of careful evaluation and consideration before investing. As such, Bit Loop could be an interesting and beneficial model for crypto asset management, but its success will depend on transparency, security, and the continued expansion of its user base.
#BitNest#BitNestLoop#BitNestPureContract#BitNestis the best project in the currency circle#BitNestSecurely#BitNestAutonomously#BitNestDecentralizedly#BitNestCryptographically
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Explore the Bit Loop: New crypto asset circulation and reward mechanisms
In the dynamic and ever-evolving cryptocurrency space, Bit Loop stands out for its innovative money circulation system and team sharing reward system. This article will delve into how Bit Loop enables the automatic circulation of assets and the distribution of rewards through smart contract technology, as well as the principles behind these mechanisms and possible implications.
Bit Loop Overview of the circulation system
The Bit Loop allows users to put in USDT (a stablecoin), choose the cycle to participate in, after which the funds will be automatically returned to the user at the end of the cycle. This process is done automatically through smart contracts without human intervention, greatly increasing the transparency and security of transactions. Based on real-time data such as the number of wallet addresses, the amount of funds in circulation and other parameters, the smart contract automatically calculates the order demand of both the supply and demand sides, and matches the transaction.
The team shares the reward system
Another notable feature of Bit Loop is its team sharing reward system, which encourages users to invite new participants to join and increase mobility. Based on the amount of their own investment and the activities of users they directly and indirectly invite, users can be rewarded from the circulation revenue of up to 17 generations of friends. For example:
Circulation 100USDT rewards you with 20% of your 1st generation friend circulation revenue.
After 200USDT circulation, the reward extends to 2 generations of friends, 10% of the revenue each time.
As the amount of circulation increases, the reward can be expanded to more friends, but the reward percentage gradually decreases.
All rewards are automatically processed through smart contracts and deposited directly into the user's wallet, which ensures the fairness and efficiency of the process.
Risk and consideration
While Bit Loop offers an attractive way to invest and earn, participants still need to consider the associated risks. First, while smart contracts reduce the potential for human error and fraud, they do so only if the contract itself is free from vulnerabilities and attacks. Second, a multi-tiered reward structure needs to ensure that it does not evolve into unsustainable payment schemes or be seen as pyramid schemes.
In addition, the volatility and uncertainty of the cryptocurrency market are also potential risk factors. Participants should conduct proper market research and risk assessment, and maintain reasonable management of investment quotas.
conclusion
By combining the advantages of modern blockchain technology, Bit Loop provides a new circulation and appreciation path for crypto assets. Its innovative team sharing reward system is also likely to attract a large number of users, driving the growth and development of the platform. However, the potential risks also remind participants of the importance of careful evaluation and consideration before investing. As such, Bit Loop could be an interesting and beneficial model for crypto asset management, but its success will depend on transparency, security, and the continued expansion of its user base.
#BitNest#BitNestLoop#BitNestPureContract#BitNestis the best project in the currency circle#BitNestSecurely#BitNestAutonomously#BitNestDecentralizedly#BitNestCryptographically
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