Category: Crypto Trends

Make sense of the news and how it affects the blockchain space as a whole. Crypto trends is a collection of relevant news and insights to help you make an informed decision.

Decentralized Finance (DeFi) Overview: A guide to the HOTTEST trend in cryptocurrency
Decentralized Finance (DeFi) has been the breakout trend of 2020. With prices of standout DeFi tokens surging and terms like “Yield Farming” getting mainstream attention, the DEFi field has taken off. This next step in the evolution of finance uses public blockchain technology and has a wide range of sub- divisions that make up the growing field. The most notable and popular of these DeFi services are decentralized exchanges, decentralized stablecoins, decentralized money markets, decentralized synthetics and decentralized insurance. To understand this emerging field, first a definition on what decentralized means must be had.

Learn more about DeFi, and liquidity pools such as Balancer, Uniswap and Curve with our video:

What is decentralized and what does it mean?

Decentralized is a term you will have definitely heard thrown around even if you are relatively new to the cryptocurrency scene. Be it on Twitter, with the various profiles espousing the benefits of decentralization and calling out centralized cryptocurrency projects, or in articles online. To give a little context, the decentralized v centralized argument is akin to economic arguments on political systems between capitalists and communists.

Part of the reasoning for many supporters of decentralization is that blockchain technology at its core was made to be decentralized. Blockchain is reliant on open source networks and has no central entity controlling it. Rather, the computer power and the overall network is split up, which is why it is decentralized. The benefits of this system are that it doesn’t have a single point of failure, making cyber attacks and poor leadership somewhat irrelevant.

As such blockchain has been earmarked as the breakout technology of the 21st century. Companies, governments and financial institutions are all clambering to bring developers on board as blockchain continues to be viewed in an increasingly glowing light. Yet, how does blockchain’s decentralized foundation play into the emerging DeFi field?

DeFi Explained

For many, blockchain is the embodiment of the DeFi field and is the promised land of finance that Satoshi Nakamoto first imagined when he created Bitcoin. The term DeFi has turned into an all encompassing term for a range of projects, but the core values of each are pretty clear. These are open access to anyone, resistance to censorship, privacy and an open democracy of finance away from singular control. The majority of DeFi sites are run through decentralized apps or Dapps, which allow for financial services to be created and be used easily by anyone.

The DeFi Market

The DeFi market is a field that has grown massively in recent months as billions of dollars are handled every hour in the sub industry. Part of DeFi’s popularity is down to its transformative effect on almost all aspects of finance. From loans to remittance markets and even insurance, the DeFi field could give financial access to people around the world as all they need is an internet connection. The technology could have an impact on the third world, where many of the population is unbanked or even in more developed financial societies as governments and financial institutions continue to lose credibility as they go from recession to recession. Sold on DeFi now? Well if so, read on for a closer look at the different blockchain applications in the field and the top companies within each subcategory.

What is a Decentralized Exchange?

Exchanges are the heartbeat of the cryptocurrency traders. Most of you will have an idea of the more famous centralized exchanges like Binance and Coinbase, but decentralized exchanges (DEX’s) may be less so. The main difference between the two is that there is no central authority over decentralized exchanges, rather governance is determined in various ways, like through earning native tokens.

Focusing on namely cryptocurrencies, the decentralized exchanges offer a range of benefits. The first is security as you are not trusting a centralized exchange which could be susceptible to hacks with your funds. Instead trades are done through a peer to peer (P2P) trading network and a range of methods are used to facilitate this. Some DEX’s use proxy tokens, others multi-signature escrow systems and some use shares. Popular DEX’s are dYdX, Uniswap and Kyber network.

Decentralized Stablecoins

Much like DeFi applications, stablecoins have also seen a rise in popularity and usage in recent times. Put simply, stablecoins are less volatile tokens that are usually backed by a currency, commodity or a collection of both that enables them to keep a steady price, unlike the often wild swings of other cryptocurrencies. Some stablecoins are centralized but there is a growing amount of stablecoins that have become decentralized. These include industry favourites like DAI, USDC and Tether (USDT). To be classed as a DeFi stablecoin, there needs to be no central figure ruling the tokens or single point of failure as well as a resilient network.

What is a Decentralized Money Market?

Money markets are markets for borrowing and lending assets. The decentralized element means that users can borrow and lend cryptocurrencies without the control of a central figure. The lack of central authority is fixed using smart contracts and algorithms to determine the markets function. Decentralized money markets put interest earning potential in the hands of anyone with an internet connection in the world. Popular examples of decentralized money markets include Aave, Compound, MakerDao and Balancer. This area of DeFi has gained the most traction in recent times, especially with the bearish crypto market. This is because there are lots of profits to be made, with “Yield Farmers” churning in large sums from interest earned.

Decentralized Synthetics

Decentralized synthetics is another growing sector of the DeFi field. Synthetics or derivatives as it is also known refers to the tracking of a value for an asset. This means traders can get an insight into an asset without physically investing themselves. This representation of the asset allows traders to make educated investment decisions. There are a number of decentralized synthetic companies, the most popular ones being UMA and Synthetik. Expect more companies to pop up in the future too.

Decentralized Insurance

As blockchain gains exposure, more and more use cases appear, from accounting to product tracking. One industry that has taken to the technology is insurance. The bureaucratic side of the industry is perfect for blockchain technology and smart contracts, with a wide variety of usages for the technologies. The technology has the ability to revolutionise the insurance field as it cuts out added fees and reduces smart contract risk. Notable decentralized insurance companies include Nexus Mutual and Opyn.

Conclusion

Overall, it would appear that the DeFi field is growing and most importantly, is here to stay. People around the world are increasingly seeing the problems of a centralized method, especially in the cryptocurrency industry which has a long history of customers’ funds being lost due to hacks of centralized exchanges. Partner this with an increasingly more aware population with regards to internet privacy, you have the makings of the next big thing in the cryptocurrency industry and possibly the wider financial field.

Although the industry is in its infantile stage, there are a number of interesting projects and options, most strikingly in the decentralized exchange and money market area, which users can partake in. Boxmining has a number of guides which can help you decipher more clearly which is the best project for you. For more DeFi related information and other cryptocurrency news, subscribe to our YouTube channel and newsletter.

Decentralised Finance (DeFi) series: tutorials, guides and more

With content for both beginners and more advanced users, check out our YouTube DeFi series containing tutorials on the ESSENTIAL TOOLS you need for trading in the DeFi space e.g. MetaMask and Uniswap. As well as a deep dive into popular DeFi topics such as decentralized exchanges, borrowing-lending platforms and NFT marketplaces

The DeFi series on this website also covers topics not explored on YouTube. For an introduction on what is DeFi, check out Decentralized Finance (DeFi) Overview: A guide to the HOTTEST trend in cryptocurrency

Tutorials and guides for the ESSENTIAL DEFI TOOLS:
More videos and articles are coming soon as part of our DeFi series, so be sure to SUBSCRIBE to our Youtube channel so you can be notified as soon as they come out!

Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.
July 22, 2020
THORChain ($RUNE) information and guide
Among the growing list of emerging decentralized exchanges lies THORChain and their RUNE token. The Company is one of many decentralized finance (DeFi) options in a field that is creating much buzz within the industry. The decentralised liquidity network, whose successful seed funding was completed last year, is one that should not be missed by those who are looking into this field. After a successful mainnet launch, the cross blockchain answer to Uniswap was made official in the first part of this year. As such we have compiled a complete guide to EVERYTHING you wanted to know about THORChain, answering questions like ‘What is THORchain?’, ‘Who Uses THORChain’ and other important topics.

What is THORChain?

First imagined in 2018, THORChain offers a wide range of services on its decentralized permissionless network. It allows for swapping of assets like Bitcoin and Ethereum as well as providing continuous liquidity pools for users. The platform uses a cross chain and can be used on any blockchain/with any asset, unlike other decentralized exchanges.

Their development paper outlines the core conception of THORChain, saying: “THORChain is a liquidity protocol designed to connect all blockchain assets in a marketplace of liquidity through cross-chain bridges and continuous liquidity pools secured by economically incentivised validators.”

THORChain’s consensus is Proof-of-Stake and built on Tendermint, with network validators required to bond (lock up) their native token, $RUNE. Validators are punished for bad behaviour by having their stake slashed, which in turn disincentivises such actions.The network’s data is calculated and overseen using Midguard API service and is secured and bonded by ThornNode, which also powers the network. The nodes make vaults and validate the transactions on the site.

Who uses THORChain?

Users

These are the main participants and they usually use the cross chain services between the pools with them paying a slip fee. The fee is paid due to gas fees on external services and for fast execution. However, swapping is non custodial and unrestricted on different chains.

Liquidity providers

These are secondary participants who add liquidity to the various pools which is then bound with RUNE in a separate vault. Using the continuous liquidity pool means the network does not need oracles or have a price feed. Liquidity rewards are earned through fees generated from pools and are paid out when users withdraw. As the THORChain website explained, “liquidity is provided by stakers who earn fees on swaps, turning their unproductive assets into productive assets in a non-custodial manner. Market prices are maintained through the ratio of assets in pools which can be arbitraged by traders to restore correct market prices.”

Nodes explained

Nodes are the basis for THORChain’s services. They have three main functions, these are: to Bond RUNE, create vaults (which are like wallets) and witness transactions/produce blocks. They are all run by node administrators who are also rewarded for their work through bond rewards. For a full breakdown of node operators, please click here.

In terms of THORChain, as previously mentioned, nodes earn two-thirds of the System Income and they make vaults and validate the transactions on the site. Nodes are anonymous, with plausible deniability on all transactions. The nodes are created every three days and compete to enter with bonded capital. The oldest nodes are churned out and replaced when necessary. This allows the nodes to stay fresh and keeps the network constantly updating itself.

RUNE token: what is it?

Another integral part of the system and the nodes that run it is THORChain’s native token, RUNE. Available through Binance Chain, the token is a BEP2 token.The RUNE token is used in all liquidity pools and is bonded by nodes. All RUNE tokens are at a 1:1 ratio to asset value and this allows for pools to be linked. RUNE is also the rewards for pools, with the equivalent of 1/3rd of the System Income providing continuous liquidity incentives.

Alongside providing on chain liquidity, RUNE is also an important part of the THORChain security. This is because it protects against malicious actors by offering them a larger benefit for liquidating then they would receive from corrupting the system, as nodes earn 2/3rds of the System Income. Thus all transactions using RUNE on the system have double the amount at a 67% to 33% ratio. The other third is for liquidity providers. Not only that, but in terms of security nodes are also closed when malicious activity is detected.

RUNE has a total supply of 500 million tokens. Of which 100 million will be sold to the public in 3 stages, 150 million has already been allocated throughout the team, community and operational reserves, and the remaining 220 million is saved for the emissions reserve.

How to earn RUNE?

RuneVault: Liquidators and users of RUNE can have access to the RUNEVault feature which allows you to store and stake the token, with returns on investment. Using a Binance Chain Feature, users can “freeze” their tokens even if they have staked them meaning that the currency is always in the wallet. Earnings are based on weekly RUNE staked, but this weekly taking is reset should you withdraw any amount.

Rewards

THORChain offers rewards for all participants on the network. The rewards are paid out through the distribution of system income. This is worked out by Swap fees plus Block rewards. Swap fees are paid by users when swapping assets and Block rewards are worked out on an emission schedule. As mentioned previously, the system income is paid 67% to the nodes and 33% to the liquidator. However, this ratio is officially worked out by the incentive pendulum.

Governance on THORChain

THORChain attempts to have a minimal governance model. Instead staked capital is the main driver of the market and developers respond accordingly. New assets are easily listed and this means there are rarely many governmental decisions to undertake and it is truly decentralized in many ways.

Who is the team behind THORChain?

The team behind THORChain is purposefully pseudoanonymous. According to their website, “figureheads, personalities and founders undermine a project’s ability to decentralise,” and that, “transparency is demonstrated in other facets (treasury, code, research)”. That being said, there are 10 employees listed on LinkedIn and 12 team members listed with 6 additional advisors on ICOBench.

What sets THORChain apart? What are its benefits?

THORChain takes a little while to understand the basics and the nodes that run the network. However, once you get the hang of the exchange then THORChain has a number of benefits.

The main benefit is that with their cross chain feature, any asset can be swapped and a pool created around it. That gives users a huge amount of variety and does not hem them in unlike other decentralized exchange options do. This opens a whole new world of possibilities for DeFi users and one that should be applauded.

Conclusion

For those who are fans of Uniswap, then this decentralized option could be a great alternative. Yet, as Balancer has shown with their recent security scare, the often precarious nature of DeFi security does cause concern. Perhaps though, THORChain with their incentivized payments negates this risk. However, until more is known about the site and they are around for longer it will be hard to make a final judgement.

Decentralised Finance (DeFi) series: tutorials, guides and more

With content for both beginners and more advanced users, check out our YouTube DeFi series containing tutorials on the ESSENTIAL TOOLS you need for trading in the DeFi space e.g. MetaMask and Uniswap. As well as a deep dive into popular DeFi topics such as decentralized exchanges, borrowing-lending platforms and NFT marketplaces

The DeFi series on this website also covers topics not explored on YouTube. For an introduction on what is DeFi, check out Decentralized Finance (DeFi) Overview: A guide to the HOTTEST trend in cryptocurrency

Tutorials and guides for the ESSENTIAL DEFI TOOLS:
More videos and articles are coming soon as part of our DeFi series, so be sure to SUBSCRIBE to our Youtube channel so you can be notified as soon as they come out!

Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.
July 22, 2020
China’s Cosmos and ChainLink Plan
China has asked for guidance from the teams behind Cosmos and ChainLink for their Blockchain Service Network (BSN), it was revealed last month. Researchers have called upon both companies to aid their development of the BSN, which was launched alongside their Digital Currency Electronic Payment (DCEP) in April 2020, to help them build out a “service hub” which would form the bedrock of its “internet of blockchains.”

Learn more about ChainLink ($LINK).

SmartContract and Iris Foundation join BSN Development

According to reports, SmartContract, the group behind the Chainlink oracle network, will aid the BSN team in the sourcing of reliable information. Their Dapp services, potentially on Hyperledger, could allow for a cohesive and more streamline to access information.

Yifan He, BSN expert and CEO of Beijing Red Date Technology, spoke on the ChainLink addition, saying the partnership between the two, will give access to outside data from many Chinese companies, such as financial transaction information from China Union Pay, something difficult to obtain and analyze in the first place. This would then allow for BSN users to access “outside data such as stock prices and financial transactions.”

On the other hand, Iris Foundation Ltd., the company who uses the Cosmos network to integrate businesses using interchain services, will work on interoperability for the network. He described their addition as allowing for “cross-chain services between blockchains adapted in the network.”

Both companies appear to know what the State Information Center and China Mobile/China Union Pay backed BSN needs in their attempts to create a worldwide blockchain infrastructure.

And it seems they have a good chance of pulling it off as the government backing allows greater alliances and interconnectivity between the important players. One of these players and a team that looks integral to the future research is ChainLink.

ChainLink suits BSN

The chance to be part of a huge project was something ChainLink’s co founder and SmartContract CEO Sergey Nazarov, couldn’t miss. Explaining how the BSN might use his company, the co-founder said: “Chainlink provides the blockchain abstraction layer or secure blockchain middleware that enable dapp developers to create universally connected smart contracts.”

Google, through its Google Cloud uses ChainLink for a similar function as he BSN, Nazarov explained. “What BSN really cares about, much like the people we’ve worked with from Google, is this type of contract that allows blockchains to access external off-chain data,” Nazarov stated.

The need is made even greater as blockchain can’t be directly applied to application programming interfaces (APIs) and only universally connected smart contracts can create the connection and allow for off chain data.

This use case is especially needed, Nazarov claimed, for global financial product or insurance, as the contracts must have external data and ensure goods and services are delivered, which needs the universally connected contracts.

The usage of ChainLink and their services are set to continue as Nazarov told CoinDesk, “Chainlink’s technology suits BSN’s vision because the network includes multiple chains that are also supported by (his) team.”

BSN starts to build for future

Since its launch in April, the BSN has been announcing a number of partnerships with experts in the blockchain field. For example, around the initial launch the research team confirmed the plans to adapt Ethereum and EOS public blockchains into the BSN system.

A target area has been cross chain services with Polkadot one of a number of companies earmarked for positions on the interchain service. “We plan to have at least four different interchain service technical frameworks developers can choose from in the hub,” He said.

“The interchain service hub is one of the three critical parts for the national blockchain infrastructure”, He continued adding that enterprise and public blockchains into the network were the other key fields.

Despite not being finalised, the network is already proving popular. ”We have been on-boarding two to three public chains every month on average, while adapting consortium chains at a slower pace since it usually takes longer to integrate them with the network,” He claimed.

However, not all blockchain developers are pleased with the creation of the network, with some developers worried about their data being stolen as well as other privacy concerns. The BSN looked to quell the fears in their recent technical white paper, but there is cause for concern considering the nations stringent Internet laws.

Decentralised Finance (DeFi) series: tutorials, guides and more

With content for both beginners and more advanced users, check out our YouTube DeFi series containing tutorials on the ESSENTIAL TOOLS you need for trading in the DeFi space e.g. MetaMask and Uniswap. As well as a deep dive into popular DeFi topics such as decentralized exchanges, borrowing-lending platforms and NFT marketplaces

The DeFi series on this website also covers topics not explored on YouTube. For an introduction on what is DeFi, check out Decentralized Finance (DeFi) Overview: A guide to the HOTTEST trend in cryptocurrency

Tutorials and guides for the ESSENTIAL DEFI TOOLS:
More videos and articles are coming soon as part of our DeFi series, so be sure to SUBSCRIBE to our Youtube channel so you can be notified as soon as they come out!

Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.
July 18, 2020
Ask a Question to Vechain CEO Sunny Lu
Hey Vefam! I’ll be interviewing Vechain CEO Sunny Lu at 10 pm UTC +8 on Monday the 20th of July. The aim of the interview is to give an updated view of Vechain and the grand objectives. Then we’ll go into the details and ask about developments with various programs such as previous partnerships, Toolchain, and the entire ecosystem.

What is Vechain? VeChain (or VechainThor) is a next-generation smart contract blockchain platform focused on enterprise adoption, Internet of Things (IoT), and mass adoption via Toolchain. The blockchain supports the creation of smart-contracts – self-executing contacts that have a guaranteed outcome without third party trust. This allows for the creation of decentralized applications (“Dapps”) that can solve enterprise problems such as:

*Update: Due to popular demand, Sunny has agreed to do the interview LIVE. Event will be held at 10 pm UTC +8 on Monday the 20th of July on the following stream:

Overall the video is for both beginners and veterans of the Vechain Ecosystem. I’d love for you guys to come up with some questions for Sunny as well. I’ll personally be giving some prizes for:
- Most Creative Question
- Most Insightful Question
- Funniest / Weirdest Question
Get FREE Tickets on EventBright: https://www.eventbrite.com/e/vechain-creating-an-enterprise-blockchain-ecosystem-tickets-113441588846

To ask a question, leave a comment in this post below!

Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange. (https://www.focolare.org)
July 12, 2020
China escalates challenge to US Dollar with East Asian Digital Currency

China is proposing a plan to create a digital currency for the East Asian region in an attempt to carve out a world away from dominance by the US Dollar.

A report from Nikkei Asia this week unveiled this decision made by the Chinese People’s Political Consultative Conference (CPPCC), China’s political advisory body. The proposal from 10 of the CPPCC members was to create a digital currency that would be backed by a range of fiat currencies, such as the Chinese Yuan, Hong Kong Dollar, Japanese Yen and South Korean Won.

The strongest currencies, the Yen and Yuan, are set to be the main backers but how this will be split will be determined by the strength of each currency at the time. Initial suggestions have said the Yuan will account for 60% and Yen, just 20%. It may appear from this move that China is seeking out allies in challenging the influence of the US and the US Dollar.

This proposal sent waves through the CPPCC as the proposing members were high profile and influential figures such as the co-founder of Chinese travel services giant Ctrip, Neil Shen and Henry Tang, a Hong Kong politician and former Chief Secretary. Both suggested the currency should be made by a private company, rather than the central bank.

The 13th National Committee of the CPPCC opened on 21st May 2020.

Is the the East Asian digital currency a response to Facebook’s Libra LBR token?

What exactly prompted the CPPCC members to come up with this plan is unknown but many believe it could be in response to recent news regarding Facebook and its Libra cryptocurrency project.

The Company had suggested that they will abandon their Libra token plans due to the similarities with the digital Dollar proposed by lawmakers. Instead, they will focus on a multi-currency coin called LBR. It is believed it could emerge as the digital currency of the West, leaving the East behind, as the Libra project has already abandoned plans for a Yen-pegged stablecoin.

China building a world away from US Dollar dominance

The benefits of an East Asian cryptocurrency are clear for Xi Jinping’s China. China, which has seen her economic and political ties with the US deteriorating under Donald Trump’s leadership is actively building a monetary system away from the reserve currency of the world, the US Dollar.

The dominance of the US Dollar has directly enabled the US’ control of global politics. With 70-80% of all worldwide trading being conducted in the Dollar, entire nation’s economies will suffer heavily should they fall on the wrong side of the US’ favour, such as Iran.

China, who has a history of facing the brunt of US sanctions in the past is potentially in the line of fire to be hit by even more sanctions soon. Following the Hong Kong National security law proposal last month, US lawmakers have moved quickly to outlaw it with the threat of sanctions held over China’s heads should they enforce the controversial law.

The threat of sanctions from the US should not be taken lightly either. Just ask Meng Wanzhou, Huawei’s Chief Financial Officer who has been under house arrest in Canada for the past 1.5 years for allegedly trading with sanction hit Iran.

Seeing this problem, China has been slowly looking to build a system away from the US. This tactic was evident when eight-member countries of the Shanghai Cooperation Organization, including China, India, Russia, Pakistan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan, who all decided to trade in local/national currencies instead of the US Dollar at a meeting on March 18th 2020.

However, the shift towards digital currencies is clearly on China’s priority list. China, much like her allies Iran and Venezuela are seeing digital currencies as the future of finance and have attempted to be the leading light in this field.

This was clearly evident with the acceleration of their Digital Currency Electronic Payment (DCEP) project. The currency, which will be tested in Shenzhen, Suzhou, Xiong’an and Chengdu, was created with a purpose of knocking out the US Dollar’s dominance.

How this proposed East Asian currency will fit in with DCEP is unclear, but reports have suggested that it too will be international in its outlook. Recent reports from South Korea has suggested that DCEP could be used by Chinese tourists in the nation, although with no official date for launching the Digital Yuan, how this will work is still up in the air.

What is clear however is that with DCEP and the East Asian Digital Currency, China is escalating her challenge of the US’ dominance through digital currencies whilst the US continues to be tangled up in regulatory issues.

Further Reading

China’s National Digital Currency DCEP / CBDC Overview

June 18, 2020
Cryptocurrency exchange welcome bonus and sign-up offers compared 2020: Which is the best?
There are over 300 cryptocurrency exchanges out there. So competition for cryptocurrency traders to sign up and trade with them is fierce, especially when exchanges make money from taking a small percentage from each trade. To compete, crypto exchanges often have various sign up offers or welcome bonuses to entice new users. In this article, we will compare which cryptocurrency exchange has the best welcome bonus or sign up offers.
Table of Contents

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Binance

Binance Futures

Binance Pool

Bybit

Coinbase

OKEx

Phemex

NAGA Exchange

BTCMEX.com
Binance

Binane is THE largest cryptocurrency exchange in the world with USD$1.3 billion in trading volume in 24 hours. Whilst they may not have the most number of supported cryptocurrencies, they definitely beat out the competition by a huge margin in terms of number of users and daily visits.

New users get ~~10%~~ 20% off spot and margin trading fees forever! Enter our referral ID 10192887 to claim this offer!

Binance Futures

Binance Futures is part of the Binance brand. Specialising in futures trading, Binance Futures offers a leverage of 125x margin amongst major crypto exchanges- the highest in the market. Nevertheless, Binance is still able to offer a seamless platform for traders to switch from spot to futures trading on the Exchange.

New users who sign up for a Binance Futures account will get ~~10%~~ 20% discount on trading fees for the first 30 days.

Binance Pool

Binance Pool is a mining pool under the Binance ecosystem. Currently it only mines Bitcoin but more tokens are expected to be added later. Learn more about Binance Pool.

Binance Pool is operating on 0% fees until 31st May 2020 to bring in new customers. Afterwards the fee will be revised to 2. (smallhandsbigart.com) 5%

Bybit

Bybit is a cryptocurrency derivatives exchange platform and offers worth up to USD $90 for signing up as follows:
- USD $5 for registering a Bybit account and joining their social media channels through Twitter;
- USD $5 for trying out Take-Profit or Stop-Loss when placing entry orders; and
- USD $50 for making a first deposit of 0.5 Bitcoin or more. Or users can make a first deposit of 0.05 BTC or more and get USD $5. This reward will be in the form of a coupon which can be used to offset transaction fees.
Bybit also has limited flash deals where users can get an extra USD $30:
- USD $5 for completing Bybit’s customer satisfaction survey;
- USD $20 for a total deposit of 1 Bitcoin or more; and
- USD $5 for actively trading for 10 days accumulatively.
The Bybit coupons obtained in the flash deals can be used to offset transaction fees when trading on the Exchange. Learn more about this Exchange with our Bybit review.

Register for a Bybit account and claim up to USD$90 worth of bonuses with our referral link below.

Coinbase
Coinbase Earn program. Users will need to complete various online courses on different cryptocurrencies, in return you will be awarded a small amount of that cryptocurrency to trade with. Users can get up to USD $152 with Coinbase Earn.

Check out our Coinbase review here.

OKEx

OKEx review.

Phemex

Phemex is a derivatives exchange providing Bitcoin perpetual futures contracts. The Exchange also offers up to 100x account leverage. Learn more with our Phemex Exchange review.

The Exchange offers up to USD$72 worth of welcome bonuses as follows:

USD$2 worth of BTC is deposited to your account immediately after registering for a new account.

A Social Media Bonus of USD$10 is given after (a) registering for a Phemex account; (b) following their official Twitter, retweeting their pinned tweet whilst tagging 3 of your friends; and (c) completing Phemex’s application and them reviewing that you have completed step (b).

USD$60 Funding Bonus can be claimed after (a) registering for a Phemex account; (b) depositing Bitcoin into your Phemex wallet; and (c) funding your BTC Trading Account with at least 0.2 BTC in one go or funding your USD Trading Account with at least USD $1,500 in a single deposit.

You can register for a Phemex exchange account and start claiming up to USD$72 in welcome bonuses with our referral link below.

To encourage more people to get started, Phemex has introduced #PhemexMoments. Users can submit photographs of their trading setup and Phemex will give out the following rewards:

USD$50 trading bonus to 100 featured pictures on their new website; and

USD$100 trading bonus for Phemex’s 8 favourite pictures to be featured on their main website.

To encourage people to continue participating in Phemex Moments 📸 we’ve added more rewards:

– $50 bonus for first 100 pictures featured
– $100 bonus for top 8 favorite pictures
– Stay tuned for more surprises coming soon! 🔥

Check new details here: https://t.co/IHY7UJ1gIt https://t.co/mR7JyVWkHR

— Phemex (@Phemex_official) May 2, 2020

NAGA Exchange

NAGA offers trading in cryptocurrencies along with stocks, CFDs, ETFs and Forex. The Exchange’s unique feature is that it combines trading with social media, in what they call “social trading”. Users can set up their profile and post on it similar to a Facebook profile. In particular, users can post what trades they have been doing for other community members to see, and there is a leaderboard for the Exchange’s top traders. Users can copy each others trades and you will also be rewarded when others copy yours.

Social trading allows users to see each others trades and copy them

Right now, upon registering and verifying your NAGA account, users can get a $50 welcome bonus without any required deposit within the first 24 hours. NAGA also has a deposit bonus where users will be rewarded with a 0.02 BTC bonus if they deposit USD $500 into their trading account.

BTCMEX.com

BTCMEX.com is a Hong Kong based cryptocurrency derivatives exchange offering Bitcoin perpetual contracts with 100x leverage. The Exchange claims to have the fastest speeds in the industry, with 100,000 TPS per trading pair. It is noted however that the Exchange only offers trading in BTC/USD.

Currently BTCMEX offers a 0.1 BTC trading bonus for new users that deposit 0.01 BTC into their accounts and complete the ID verification process. Users will be able to use this 0.1 BTC trading bonus to trade with a maximum leverage of 10x, and can withdraw any profits from trading with this bonus at any time.
June 17, 2020
Walmart China brings VeChain’s Food Traceability Platform to Sam’s Club China

Around a year ago Walmart China, PwC China dn VeChain jointly announced they were setting up the Walmart China Blockchain Traceability Platform. This Platform would allow Walmart China to make use of blockchain technology to trace its products. Consumers would be able to scan the products on the shelf and have access to detailed information on the product, for example, its source, product inspection reports, and logistics process. Their expectation was that by the end of 2020, 50% of sales of fresh meat, 40% of sales of packaged vegetables, and 12.5% of sales of seafood would be traceable.

To find out more about Vechain, read our full guide on Vechain (VET).

Almost a year later, VeChain announced on 2nd June 2020 that Walmart China is committing Sam’s Club China, another of its businesses towards collaboration with VeChain.

What is Sam’s Club China?

Owned by Walmart China, Sam’s Club China is branded as a members-only premium supermarket. Currently, Sam’s club has a total of 23 clubs in China. There are plans to expand to have a further 40 to 45 clubs either operational or under construction in China by the end of 2022.

Its clubs are generally large scale supermarkets averaging around 20,000 square meters and offering groceries in bulk and other goods such as household appliances, home goods, etc. Sam’s Club maintains its premium branding by providing either the best quality product in a particular category or the best-selling brand at its clubs. Sam’s Club also offers its own premium store-brand products called Member’s Mark.

Launch of Sam’s Club Blockchain Traceability Platform with VeChain

The launch of the Sam’s Club Blockchain Traceability Platform coincides with Sam’s Club’s “Taste of Sam’s” campaign. This campaign aims at letting customers experience luxury through recipes featuring premium quality foods and products which can be purchased from Sam’s Club.

The products featured in the campaign include Member’s Mark products which make use of VeChain’s ToolChain technology. Combined with cold-chain IoT and other traditional software and hardware sensors, stakeholders in the supply chain will be able to upload data onto the VeChainThor public blockchain. This data would be contained in a secured QR code which would be tagged onto each product. (https://punandjokes.com/) Hence those involved in the supply chain and even the average consumer would be able to scan the QR code using their smartphones to access information on the product such as its packaging information, its origins, storage requirements, etc. And since this data was stored on the VeChainThor public blockchain, it cannot be tampered with.

As an example, in the short rib recipe above, customers can pick up a pack of the short-ribs featured in the recipe from Sam’s Club and scan the embedded QR code for more information. The below picture shows the kind of information customers can expect to see. Such as how the product was shipped from its place of origin, the name and location of the manufacturer, best-before times and certification processes.

Currently there are over 20 product lines, including Member’s Mark products which make use of VeChain’s traceability platform. It is expected that more products will be included in the future.

June 2, 2020
Top 5 Bitcoin OTC Brokers: Efficiently trade large volumes of Bitcoin
What’s are Bitcoin Over-the-Counter (OTC) brokers?

Over-the-counter (OTC) are entities that allow the buy and sell of large quantities of Bitcoin and other cryptocurrencies. OTCs offer more private and personalized services to institutions and high net-worth individuals who need a high degree of liquidity and privacy. The key advantage to an OTC is that they handle large trading volumes, such as trading $100,000+ USD without price slippage. OTC traders will normally quote a strike price for the entire order block with immediate execution. This is contrasted with trading on cryptocurrency exchanges where large orders will cause the price to decrease due to a lack of buy orders. OTC desks allows institutions and high net-worth individuals to buy Bitcoin without a having dedicated trading desk.

OTC offices can be either regionally located, serving local clients or global. Often major cities such as Hong Kong, Tokyo or New York have OTC brokers servicing local clients. These brokers can provide very personalized services and even in person meetups. In contrast, global OTCs such as Binance OTC handles transactions over the internet.

Traditionally in the stock market world, OTC desks facilitate trading of securities that are not listed on formal exchanges, e.g. the New York Stock Exchange.

Benefits of trading via an OTC broker
- High Liquidity – Dedicated traders from OTC desks will help increase the liquidity of the overall market. This means they can handle large order blocks
- Fixed Price – OTC brokers will over a quotation for the entire order block. This means orders are not affected by price slippage.
- Easy Fiat Options – Brokers will have local bank accounts and can sometimes even accept cash.
Disadvantages of trading via an OTC broker
- Limited range of cryptocurrencies – Often OTC brokers specialize on a few cryptocurrencies. This means unlike exchanges, they will not offer 100+ trading pairs. Instead, they will focus on the major popular cryptocurrencies that have high trading volune and interest such as Bitcoin, Ethereum or some stablecoins.
- Manual trading process – Traders are executed by a human counter-party. This trading times will often be limited to regular office hours.
- Large order size required – Brokers often have a minimum order size, such as $100,000 USD traded within a certain period of time.
How do OTC Brokers work

OTC desks have a network of buyers and sellers. The trades themselves are facilitated by OTC broker-dealer who will locate and negotiate directly with prospective buyers and sellers over computer networks or by phone. This is contrasted from trading over exchanges where the prices and order books are publicly available. For OTC desks, their broker-dealers will negotiate the trade price for you. Trades are also not publicly listed giving the parties privacy.

Therefore, to fully understand what is going on in the cryptocurrency markets it is important to consider what is also happening at OTC desks. This is because large transactions happen on them on a daily basis.

Bitcoin OTC vs Exchanges

The choice of whether to use a Bitcoin OTC or Exchange depends largely on the volume of orders. Big players looking to buy or sell large quantities of cryptocurrencies are better off using an OTC broker. This is because a single exchange (no matter how large) will not have the liquidity necessary to fill large order blocks. Research has shown that sell orders of US$30 million can significantly suppress the price of a cryptocurrency, hence causing slippages of 5-10%. This amount is much larger than the fees charged by OTC brokers. The second advantage of using OTCs is that they can offer to lock in a particular quotation with the option to settle at a later time. This gives people additional flexibility to move funds from banks or cold-storage (such as the Ledger Nano X).

However, depending on who you are, one upside or downside of OTCs is that they are not transparent. So while you can try to gauge whether there is a lot of trade flow through an OTC desk by reading their reports (if any), there is no way you can verify if they are being truthful or giving you the best price. On the other hand you can conduct trades privately compared to on exchanges and the price will be “locked-in” and not subject to any fluctuation between the time of agreement and the time of settlement.

How to trade Bitcoin with OTC Brokers

This guide outlines the general steps involved in trading with Over-the-Counter Brokers. Generally speaking, brokers provide similar on-boarding and trading experiences. It is important to remember all brokers will require verification of your identity, known as Know-Your-Customer (KYC) registration. On top of this, brokers will verify the source of funds to prevent money-laundering.

Summary of how crypto is traded with an OTC broker (Image credit: Genesis Block)
Time needed: 3 days
How to trade with Bitcoin OTC Brokers
1. Signup
  Sign up to the broker via website, email, call or in-person meetup. They will usually ask about the type and quantity of cryptocurrencies you would like to sell.
2. Onboard
  Every broker will require you to fill in onboarding documents and legal disclaimers. They will also ask you to provide various types of documentation such as a Government ID, Proof of Residence and Proof of Income.
3. Communicate
  Once on-boarded, they will give you a communications channel. Typically this involved a messaging platform where you can request quotations for orders such as:
  You: “I would like to buy 100 Bitcoin”
  Trader: “We can offer 100 BTC at a price of $8123 USD per BTC”
4. Confirm trade
  You can choose whether to accept the price quotation or not. If you agree, the trade is immediately confirmed and the trade will provide you with a deposit address.
5. Trade Complete
  Once the deposit is received, the order is no fully executed and you will receive your trade
Top OTC Brokers around the world

When trading with OTC brokers, it’s important to only use trusted and regulated brokers. This is important because of the large transaction sizes involved – you don’t want to get delayed or even scammed out of a transactions. We compiled the list of the biggest OTC brokers around the world

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Bitcoin OTC in China and Hong Kong

Bitcoin OTC brokers play a very important role in China due to a government ban on cryptocurrency exchanges. In China, it’s no longer legal to operate a cryptocurrency exchange due to a legislation change in 2017. This has left large Chinese exchanges and OTC desks such as OKex, Binance, Genesis Block and Huobi operating overseas or as OTC brokers.

Currently Bitcoin OTCs brokers are legal in China. They operate by directly connecting buyers and sellers of Bitcoin. However, Chinese financial institutions such as Alibaba’s Alipay have distanced themselves from OTC transactions, stating that they will “immediately stop relevant payment services“.

There’re several reports about @Alipay being used for bitcoin transactions. To reiterate, Alipay closely monitors over-the-counter transactions to identify irregular behavior and ensure compliance with relevant regulations. If any transactions are identified as being related to bitcoin or other virtual currencies, @Alipay immediately stops the relevant payment services.
AliPay official statement

Interview with OTC Brokers

Travel with me to Genesis Block in Hong Kong to see what’s happening with trading behind the scenes and Over the Counter (OTC).

Vlog: Crypto Trading/ Market Manipulation/OTC Markets

OTC money laundering and criminal activity

One of the biggest concerns of OTC brokers and trading is the risk of exposure to criminal funds. This is because OTC desks who do not perform proper due diligence on source of funds can come into contact with tainted coins. In a 2020 report, cryptocurrency research company Chainalysis released a report on money laundering in the exchange and OTC space. The report accused some OTC desks of illegally taking laundering funds for private clients. In order to protect yourself from such activity, ensure you are trading with legitimate brokers who have proper KYC. On top of this, never buy “discounted” Bitcoins offered on social media such as Instagram or Facebook.

Frequently Asked Questions (FAQ)

Will OTC brokers accept cash?
Often OTC brokers will have a cash option – for both buying and selling Bitcoin. It’s important to remember for large quantities of cash, KYC registration is required. On top of this, proof of funds may also be requested.

Do OTC brokers require my Identity?
To comply with anti-money laundering laws, OTC brokers will require you to submit official documentation such as Identity, Proof of address, bank account statements, proof of income or proof of funds. The type of identification required however would depend on the OTC brokers own company requirements and any information as required by the laws of the relevant jurisdiction.

Is there a limit on how much cryptocurrency I can trade with an OTC?
ost OTCs do not have a maximum limit on the amount of Bitcoin you can buy or sell. Order sizes of 100 or above BTC are commonplace for these brokers. However, some brokers will have a minimum order size, such as $100,000 USD.

How do I buy Bitcoin Anonymously (Privately)?
The best way to buy Bitcoin without a record is via cash or peer-to-peer transactions. It is important to remember this contains inherent risk as you’ll need to do your own KYC and potentially offer proof of funds in the future. You should also check that your counterparty is a legitimate trader and not a scammer as there are incidents of people being robbed during these “trades”.

Are there OTCs for Altcoins?
There are OTC services for altcoins and even coins that are not yet listed on exchanges. These OTCs will function similar to a matchmaker – matching sellers and buyers of a particular asset. One such example is Silverway – an OTC deal platform and deal aggregation platform.

How do I find out the volumes handled by OTCs?
OTCs are not obliged to provide trading data such as daily volumes, prices, or order books. However, some OTCs provide annual reports or blog posts that contain aggregated volume data.

What should I look out for when choosing OTCs?
Security and legitimacy are very important with thinking of which OTC desk to trade with, especially since huge sums of money are involved. Prospective customers could for example, check if the OTC desk is registered with the relevant government authorities, ask any peers if they have traded there before and their feedback, check online reviews or social media, or even go to their physical offices to make inquiries before signing up and trading.
May 29, 2020
VeChain partners with Bayer China to create CSecure- a clinical trial traceability platform

Bayer China announced its partnership with VeChain during an interview with VCBeat on 28th May 2020- a Chinese news publication focusing on health developments in China. For an in-depth guide to what is Vechain and it’s core features, check out our Vechain Coin Guide

About Bayer China

Bayer has links in China since as early as 1882, focusing on the core competencies in the areas of healthcare, nutrition and agriculture. Their aim is to improve quality of life through research and development on preventing, alleviating and treating diseases, as well as ensuring that consumers get healthy, safe and sustainable food. In 2019, Bayer has over 9,000 employees in the Greater China region and sales have well exceeded 3.7 billion Euros.

VeChain becomes “Partner-for-Life” with Bayer China

VeChain beat out dozens of competitors and won the Bayer China G4A Partnerships Program in 2019. This Program was created by Bayer to give qualified companies funding, mentorship and networking opportunities to its winners. Most importantly, to become a “partner for life” with Bayer so that the company will become a direct partner and be used with Bayer’s products and services.

For the purposes of the Program in 2019, Bayer required competitors to solve the issue of Digitised Clinical Trial Traceability. Competitors were required to work directly with Bayer and develop a feasible solution for the issue which would eventually be ready for deployment in line with Bayer’s own milestones and planning. At the end of the competition, VeChain was the only company that was able to satisfy Bayer’s requirements with its solution- CSecure.

Importance of Digitialised Clinical Trial Traceability

With still so many unknowns in the medical field and novel yet incurable diseases emerging such as SARS-CoV-2, medical researchers are constantly racing against the clock for the sake of saving lives. Thus it is important to ensure that drug clinical trials are conducted efficiently and when lives are involved, without room for any error. In particular, the data that is collected forms the heart of this process, and is a critical part of the research, development and adoption process for any new medical intervention- including drugs and other forms of treatments. Any issues with this data, such as tampering or errors would hence be very detrimental to the trial process, potentially even ruining it and worse, affecting human lives.

Hence a solution is needed to ensure that the data collected during the various stages of the trial process is transparent, secure and credible.

What is VeChain’s CSecure platform?

CSecure was created by VeChain as a solution to Bayer’s issue of needing digitised clinical trial traceability. The CSecure platform makes use of VeChain’s existing product ToolChain– a kit containing all the necessary hardware, software and service protocols to onboard a business onto the VeChainThor blockchain.

With CSecure, data obtained from the various stages of clinical trials for drugs are uploaded on the VeChain Thor Blockchain. So that other stakeholders in the process such as researchers, suppliers, distributors, partners and end users can have access to this data. As the data is recorded on the blockchain, the stakeholders accessing the CSecure platform are assured that the data and transactions recorded are traceable, transparent and auditable. (bricks4kidz.com)

Specifically, each medical product is binded with a QR code with a unique VID (VeChain ID) and recorded on the VeChainThor Blockchain. During the trial process, information that is added to the blockchain is time-stamped, user-identified and cannot be changed. So if there is a discrepancy between the product’s digital profile and real-life attributes, the party responsible can be identified and the situation remedied.

May 28, 2020
Enjincraft Review: Adding Blockchain to Minecraft
EnjinCraft – Enjin Brings Blockchain economies to Minecraft

EnjinCraft breathes new life into Minecraft by bringing the best of digital economies and Non-fungible Token (NFT) collectibles. Whilst Minecraft is the biggest sandbox game in the world, it has always lacked a true economy. Enjin’s new Minecraft integration and SDK allow players to truly own items and move them across servers. With the launch of the Minecraft plugin on the 28th of May 2020, server owners can use a simple plugin to allow blockchain items to be used in their Minecraft worlds.

With Enjincraft, players can equip ERC-1155 assets directly as Minecraft items. This also allows for the trading of items outside of the game and into the Enjin Wallet. Enjin’s new integration allows for the direct trading of ERC-1155 assets, Ethereum and Enjincoin directly in Minecraft.

Players will be able to enter “Enjincraft” and find treasures such as swords, armor, and tools in the game. After finding these items, players can have true item ownership as they are Non-Fungible Assets (ERC-1155 tokens). Items can be directly stored in the Enjin Wallet, allowing for easy trades or even melting.

First Enjincraft World

Enjincraft’s first world is filled with quests, stories and many explorable towns and cities. For those daring to explore, the world is packed with treasure chests and mysteries that can be solved. Treasure chests in the game give out real ERC-1155 items that have value based on Enjin Coin.

Map of Enjincraft

For beginners, the world map is very handy as it marks all the main locations in the game. This map could be discovered in Witek’s House in the first city (follow the main road into the town).

Binding Enjin Wallet

Players can keep valuable items Enjincraft via the Enjin Wallet. The onboarding process is very simple:
1. Login to enjincraft.com
2. Game will give you a 5 character binding code.
3. Open up Enjin Wallet on your mobile phone
4. Navigate to “Linked apps”
5. Select the wallet and enter the binding code
This process should take around 1 minute and after which the account will be bound and ready to play. The wallet status will display as linked and the Enjin Coin panel will show the ENJ and ETH balance of the wallet. This makes Minecraft very much similar to Massively Multiplayer games like World of Warcraft.

Enjincraft ERC-1155 Items

Enjincraft Items are cross server and can move between realms. Currently owners of the items could be explorered using the Enjinx blockchain explorer.

Check out our Enjin Guide to learn more.

What is EnjinCraft?

Enjincraft discussion and interview with Enjin CTO Witek Radomski

EnjinCraft is Enjin’s newest plugin for Minecraft servers. The EnjinCraft plugin will enable server owners to fully integrate a blockchain economy into Minecraft.

This means that Minecraft server owners will be able to provide players with tangible ownership of in-game assets and currencies. The in-game assets can be used in server owners’ chat rooms, websites and the Enjin Multiverse.

Stormwall is an example of Enjin’s multiverse assets is Stormwall. It is a playable item created by Enjin that can be used in 32 of Enjin’s games.

DonationCraft was Enjin’s first Minecraft plugin. It allowed MineCraft servers to accept Paypal and credit card payments. According to Enjin, DonationCraft has over 5 million downloads and allowed server owners to make millions of dollars.

As first reported by Asia Crypto Today, to introduce people to Enjin’s MineCraft plugin, Enjin has launched the closed beta version of EnjinCraft Server One, a Minecraft server built with Enjin’s plugin.

EnjinCraft Server One has blockchain-based Minecraft weapons, armor, and accessories for players to find and win.

Search and collect blockchain assets in Minecraft’s expansive universe

In-game items are backed with Enjin Coin (ENJ). Players can get Enjin Coin by melting them via the Enjin Wallet. After melting Enjin Coin, it can be transferred into other cryptocurrencies. Enjin Coin can also be used to purchase gift cards from mainstream retailers. For example, Amazon, Apple, and Uber.

Enjin Blockchain SDK for Java

The SDK for Java allows Java developers to create and integrate blockchain assets onto their platform.

For Enjin’s Java SDK, the Company has adopted an open-source codebase. Therefore, Java SDK users can modify and build upon the SDK however they want. Enjin mentions that they encourage the spirit of collaboration and hopes users can use the SDK to build things they could never have imagined.

Players can convert their in-game assets into real life value.

Users will be able to use Enjin’s platform to integrate a blockchain economy onto their servers. This will mean users can integrate blockchain economies onto games, web applications and even andriod apps.

You can start building with the Blockchain SDK by creating an Enjin account here.

By signing up with the Enjin Spark early adopter program, users will be given various early adopter benefits. This will help them market, fund and monetize their projects.

You can sign up for the Enjin Spark program here.

Conclusion

https://www.youtube.com/watch?v=1EDBs01QvX8&feature=youtu.be
Introducing EnjinCraft: The World’s First Blockchain-Powered Minecraft Server

Seeing in-game items as mere pixels is a thing of the past. Enjin is allowing developers to integrate blockchain economies into the online world through with Enjin’s Java SDK.

And with MineCraft Server One, Enjin is showing how these economies can work in mainstream gaming. We will hopefully finally see a win-win situation for developers and players. Developers are able to generate more profit. Whilst allowing players to earn real life value through in-game items.

To learn more about check out our Enjin Review.
May 27, 2020