Faucet Collector - Faucet Bot

Why i’m bullish on Zilliqa (long read)

Edit: TL;DR added in the comments
 
Hey all, I've been researching coins since 2017 and have gone through 100s of them in the last 3 years. I got introduced to blockchain via Bitcoin of course, analyzed Ethereum thereafter and from that moment I have a keen interest in smart contact platforms. I’m passionate about Ethereum but I find Zilliqa to have a better risk-reward ratio. Especially because Zilliqa has found an elegant balance between being secure, decentralized and scalable in my opinion.
 
Below I post my analysis of why from all the coins I went through I’m most bullish on Zilliqa (yes I went through Tezos, EOS, NEO, VeChain, Harmony, Algorand, Cardano etc.). Note that this is not investment advice and although it's a thorough analysis there is obviously some bias involved. Looking forward to what you all think!
 
Fun fact: the name Zilliqa is a play on ‘silica’ silicon dioxide which means “Silicon for the high-throughput consensus computer.”
 
This post is divided into (i) Technology, (ii) Business & Partnerships, and (iii) Marketing & Community. I’ve tried to make the technology part readable for a broad audience. If you’ve ever tried understanding the inner workings of Bitcoin and Ethereum you should be able to grasp most parts. Otherwise, just skim through and once you are zoning out head to the next part.
 
Technology and some more:
 
Introduction
 
The technology is one of the main reasons why I’m so bullish on Zilliqa. First thing you see on their website is: “Zilliqa is a high-performance, high-security blockchain platform for enterprises and next-generation applications.” These are some bold statements.
 
Before we deep dive into the technology let’s take a step back in time first as they have quite the history. The initial research paper from which Zilliqa originated dates back to August 2016: Elastico: A Secure Sharding Protocol For Open Blockchains where Loi Luu (Kyber Network) is one of the co-authors. Other ideas that led to the development of what Zilliqa has become today are: Bitcoin-NG, collective signing CoSi, ByzCoin and Omniledger.
 
The technical white paper was made public in August 2017 and since then they have achieved everything stated in the white paper and also created their own open source intermediate level smart contract language called Scilla (functional programming language similar to OCaml) too.
 
Mainnet is live since the end of January 2019 with daily transaction rates growing continuously. About a week ago mainnet reached 5 million transactions, 500.000+ addresses in total along with 2400 nodes keeping the network decentralized and secure. Circulating supply is nearing 11 billion and currently only mining rewards are left. The maximum supply is 21 billion with annual inflation being 7.13% currently and will only decrease with time.
 
Zilliqa realized early on that the usage of public cryptocurrencies and smart contracts were increasing but decentralized, secure, and scalable alternatives were lacking in the crypto space. They proposed to apply sharding onto a public smart contract blockchain where the transaction rate increases almost linear with the increase in the amount of nodes. More nodes = higher transaction throughput and increased decentralization. Sharding comes in many forms and Zilliqa uses network-, transaction- and computational sharding. Network sharding opens up the possibility of using transaction- and computational sharding on top. Zilliqa does not use state sharding for now. We’ll come back to this later.
 
Before we continue dissecting how Zilliqa achieves such from a technological standpoint it’s good to keep in mind that a blockchain being decentralised and secure and scalable is still one of the main hurdles in allowing widespread usage of decentralised networks. In my opinion this needs to be solved first before blockchains can get to the point where they can create and add large scale value. So I invite you to read the next section to grasp the underlying fundamentals. Because after all these premises need to be true otherwise there isn’t a fundamental case to be bullish on Zilliqa, right?
 
Down the rabbit hole
 
How have they achieved this? Let’s define the basics first: key players on Zilliqa are the users and the miners. A user is anybody who uses the blockchain to transfer funds or run smart contracts. Miners are the (shard) nodes in the network who run the consensus protocol and get rewarded for their service in Zillings (ZIL). The mining network is divided into several smaller networks called shards, which is also referred to as ‘network sharding’. Miners subsequently are randomly assigned to a shard by another set of miners called DS (Directory Service) nodes. The regular shards process transactions and the outputs of these shards are eventually combined by the DS shard as they reach consensus on the final state. More on how these DS shards reach consensus (via pBFT) will be explained later on.
 
The Zilliqa network produces two types of blocks: DS blocks and Tx blocks. One DS Block consists of 100 Tx Blocks. And as previously mentioned there are two types of nodes concerned with reaching consensus: shard nodes and DS nodes. Becoming a shard node or DS node is being defined by the result of a PoW cycle (Ethash) at the beginning of the DS Block. All candidate mining nodes compete with each other and run the PoW (Proof-of-Work) cycle for 60 seconds and the submissions achieving the highest difficulty will be allowed on the network. And to put it in perspective: the average difficulty for one DS node is ~ 2 Th/s equaling 2.000.000 Mh/s or 55 thousand+ GeForce GTX 1070 / 8 GB GPUs at 35.4 Mh/s. Each DS Block 10 new DS nodes are allowed. And a shard node needs to provide around 8.53 GH/s currently (around 240 GTX 1070s). Dual mining ETH/ETC and ZIL is possible and can be done via mining software such as Phoenix and Claymore. There are pools and if you have large amounts of hashing power (Ethash) available you could mine solo.
 
The PoW cycle of 60 seconds is a peak performance and acts as an entry ticket to the network. The entry ticket is called a sybil resistance mechanism and makes it incredibly hard for adversaries to spawn lots of identities and manipulate the network with these identities. And after every 100 Tx Blocks which corresponds to roughly 1,5 hour this PoW process repeats. In between these 1,5 hour, no PoW needs to be done meaning Zilliqa’s energy consumption to keep the network secure is low. For more detailed information on how mining works click here.
Okay, hats off to you. You have made it this far. Before we go any deeper down the rabbit hole we first must understand why Zilliqa goes through all of the above technicalities and understand a bit more what a blockchain on a more fundamental level is. Because the core of Zilliqa’s consensus protocol relies on the usage of pBFT (practical Byzantine Fault Tolerance) we need to know more about state machines and their function. Navigate to Viewblock, a Zilliqa block explorer, and just come back to this article. We will use this site to navigate through a few concepts.
 
We have established that Zilliqa is a public and distributed blockchain. Meaning that everyone with an internet connection can send ZILs, trigger smart contracts, etc. and there is no central authority who fully controls the network. Zilliqa and other public and distributed blockchains (like Bitcoin and Ethereum) can also be defined as state machines.
 
Taking the liberty of paraphrasing examples and definitions given by Samuel Brooks’ medium article, he describes the definition of a blockchain (like Zilliqa) as: “A peer-to-peer, append-only datastore that uses consensus to synchronize cryptographically-secure data”.
 
Next, he states that: "blockchains are fundamentally systems for managing valid state transitions”. For some more context, I recommend reading the whole medium article to get a better grasp of the definitions and understanding of state machines. Nevertheless, let’s try to simplify and compile it into a single paragraph. Take traffic lights as an example: all its states (red, amber, and green) are predefined, all possible outcomes are known and it doesn’t matter if you encounter the traffic light today or tomorrow. It will still behave the same. Managing the states of a traffic light can be done by triggering a sensor on the road or pushing a button resulting in one traffic lights’ state going from green to red (via amber) and another light from red to green.
 
With public blockchains like Zilliqa, this isn’t so straightforward and simple. It started with block #1 almost 1,5 years ago and every 45 seconds or so a new block linked to the previous block is being added. Resulting in a chain of blocks with transactions in it that everyone can verify from block #1 to the current #647.000+ block. The state is ever changing and the states it can find itself in are infinite. And while the traffic light might work together in tandem with various other traffic lights, it’s rather insignificant comparing it to a public blockchain. Because Zilliqa consists of 2400 nodes who need to work together to achieve consensus on what the latest valid state is while some of these nodes may have latency or broadcast issues, drop offline or are deliberately trying to attack the network, etc.
 
Now go back to the Viewblock page take a look at the amount of transaction, addresses, block and DS height and then hit refresh. Obviously as expected you see new incremented values on one or all parameters. And how did the Zilliqa blockchain manage to transition from a previous valid state to the latest valid state? By using pBFT to reach consensus on the latest valid state.
 
After having obtained the entry ticket, miners execute pBFT to reach consensus on the ever-changing state of the blockchain. pBFT requires a series of network communication between nodes, and as such there is no GPU involved (but CPU). Resulting in the total energy consumed to keep the blockchain secure, decentralized and scalable being low.
 
pBFT stands for practical Byzantine Fault Tolerance and is an optimization on the Byzantine Fault Tolerant algorithm. To quote Blockonomi: “In the context of distributed systems, Byzantine Fault Tolerance is the ability of a distributed computer network to function as desired and correctly reach a sufficient consensus despite malicious components (nodes) of the system failing or propagating incorrect information to other peers.” Zilliqa is such a distributed computer network and depends on the honesty of the nodes (shard and DS) to reach consensus and to continuously update the state with the latest block. If pBFT is a new term for you I can highly recommend the Blockonomi article.
 
The idea of pBFT was introduced in 1999 - one of the authors even won a Turing award for it - and it is well researched and applied in various blockchains and distributed systems nowadays. If you want more advanced information than the Blockonomi link provides click here. And if you’re in between Blockonomi and the University of Singapore read the Zilliqa Design Story Part 2 dating from October 2017.
Quoting from the Zilliqa tech whitepaper: “pBFT relies upon a correct leader (which is randomly selected) to begin each phase and proceed when the sufficient majority exists. In case the leader is byzantine it can stall the entire consensus protocol. To address this challenge, pBFT offers a view change protocol to replace the byzantine leader with another one.”
 
pBFT can tolerate ⅓ of the nodes being dishonest (offline counts as Byzantine = dishonest) and the consensus protocol will function without stalling or hiccups. Once there are more than ⅓ of dishonest nodes but no more than ⅔ the network will be stalled and a view change will be triggered to elect a new DS leader. Only when more than ⅔ of the nodes are dishonest (66%) double-spend attacks become possible.
 
If the network stalls no transactions can be processed and one has to wait until a new honest leader has been elected. When the mainnet was just launched and in its early phases, view changes happened regularly. As of today the last stalling of the network - and view change being triggered - was at the end of October 2019.
 
Another benefit of using pBFT for consensus besides low energy is the immediate finality it provides. Once your transaction is included in a block and the block is added to the chain it’s done. Lastly, take a look at this article where three types of finality are being defined: probabilistic, absolute and economic finality. Zilliqa falls under the absolute finality (just like Tendermint for example). Although lengthy already we skipped through some of the inner workings from Zilliqa’s consensus: read the Zilliqa Design Story Part 3 and you will be close to having a complete picture on it. Enough about PoW, sybil resistance mechanism, pBFT, etc. Another thing we haven’t looked at yet is the amount of decentralization.
 
Decentralisation
 
Currently, there are four shards, each one of them consisting of 600 nodes. 1 shard with 600 so-called DS nodes (Directory Service - they need to achieve a higher difficulty than shard nodes) and 1800 shard nodes of which 250 are shard guards (centralized nodes controlled by the team). The amount of shard guards has been steadily declining from 1200 in January 2019 to 250 as of May 2020. On the Viewblock statistics, you can see that many of the nodes are being located in the US but those are only the (CPU parts of the) shard nodes who perform pBFT. There is no data from where the PoW sources are coming. And when the Zilliqa blockchain starts reaching its transaction capacity limit, a network upgrade needs to be executed to lift the current cap of maximum 2400 nodes to allow more nodes and formation of more shards which will allow to network to keep on scaling according to demand.
Besides shard nodes there are also seed nodes. The main role of seed nodes is to serve as direct access points (for end-users and clients) to the core Zilliqa network that validates transactions. Seed nodes consolidate transaction requests and forward these to the lookup nodes (another type of nodes) for distribution to the shards in the network. Seed nodes also maintain the entire transaction history and the global state of the blockchain which is needed to provide services such as block explorers. Seed nodes in the Zilliqa network are comparable to Infura on Ethereum.
 
The seed nodes were first only operated by Zilliqa themselves, exchanges and Viewblock. Operators of seed nodes like exchanges had no incentive to open them for the greater public. They were centralised at first. Decentralisation at the seed nodes level has been steadily rolled out since March 2020 ( Zilliqa Improvement Proposal 3 ). Currently the amount of seed nodes is being increased, they are public-facing and at the same time PoS is applied to incentivize seed node operators and make it possible for ZIL holders to stake and earn passive yields. Important distinction: seed nodes are not involved with consensus! That is still PoW as entry ticket and pBFT for the actual consensus.
 
5% of the block rewards are being assigned to seed nodes (from the beginning in 2019) and those are being used to pay out ZIL stakers. The 5% block rewards with an annual yield of 10.03% translate to roughly 610 MM ZILs in total that can be staked. Exchanges use the custodial variant of staking and wallets like Moonlet will use the non-custodial version (starting in Q3 2020). Staking is being done by sending ZILs to a smart contract created by Zilliqa and audited by Quantstamp.
 
With a high amount of DS; shard nodes and seed nodes becoming more decentralized too, Zilliqa qualifies for the label of decentralized in my opinion.
 
Smart contracts
 
Let me start by saying I’m not a developer and my programming skills are quite limited. So I‘m taking the ELI5 route (maybe 12) but if you are familiar with Javascript, Solidity or specifically OCaml please head straight to Scilla - read the docs to get a good initial grasp of how Zilliqa’s smart contract language Scilla works and if you ask yourself “why another programming language?” check this article. And if you want to play around with some sample contracts in an IDE click here. The faucet can be found here. And more information on architecture, dapp development and API can be found on the Developer Portal.
If you are more into listening and watching: check this recent webinar explaining Zilliqa and Scilla. Link is time-stamped so you’ll start right away with a platform introduction, roadmap 2020 and afterwards a proper Scilla introduction.
 
Generalized: programming languages can be divided into being ‘object-oriented’ or ‘functional’. Here is an ELI5 given by software development academy: * “all programs have two basic components, data – what the program knows – and behavior – what the program can do with that data. So object-oriented programming states that combining data and related behaviors in one place, is called “object”, which makes it easier to understand how a particular program works. On the other hand, functional programming argues that data and behavior are different things and should be separated to ensure their clarity.” *
 
Scilla is on the functional side and shares similarities with OCaml: OCaml is a general-purpose programming language with an emphasis on expressiveness and safety. It has an advanced type system that helps catch your mistakes without getting in your way. It's used in environments where a single mistake can cost millions and speed matters, is supported by an active community, and has a rich set of libraries and development tools. For all its power, OCaml is also pretty simple, which is one reason it's often used as a teaching language.
 
Scilla is blockchain agnostic, can be implemented onto other blockchains as well, is recognized by academics and won a so-called Distinguished Artifact Award award at the end of last year.
 
One of the reasons why the Zilliqa team decided to create their own programming language focused on preventing smart contract vulnerabilities is that adding logic on a blockchain, programming, means that you cannot afford to make mistakes. Otherwise, it could cost you. It’s all great and fun blockchains being immutable but updating your code because you found a bug isn’t the same as with a regular web application for example. And with smart contracts, it inherently involves cryptocurrencies in some form thus value.
 
Another difference with programming languages on a blockchain is gas. Every transaction you do on a smart contract platform like Zilliqa or Ethereum costs gas. With gas you basically pay for computational costs. Sending a ZIL from address A to address B costs 0.001 ZIL currently. Smart contracts are more complex, often involve various functions and require more gas (if gas is a new concept click here ).
 
So with Scilla, similar to Solidity, you need to make sure that “every function in your smart contract will run as expected without hitting gas limits. An improper resource analysis may lead to situations where funds may get stuck simply because a part of the smart contract code cannot be executed due to gas limits. Such constraints are not present in traditional software systems”. Scilla design story part 1
 
Some examples of smart contract issues you’d want to avoid are: leaking funds, ‘unexpected changes to critical state variables’ (example: someone other than you setting his or her address as the owner of the smart contract after creation) or simply killing a contract.
 
Scilla also allows for formal verification. Wikipedia to the rescue: In the context of hardware and software systems, formal verification is the act of proving or disproving the correctness of intended algorithms underlying a system with respect to a certain formal specification or property, using formal methods of mathematics.
 
Formal verification can be helpful in proving the correctness of systems such as: cryptographic protocols, combinational circuits, digital circuits with internal memory, and software expressed as source code.
 
Scilla is being developed hand-in-hand with formalization of its semantics and its embedding into the Coq proof assistant — a state-of-the art tool for mechanized proofs about properties of programs.”
 
Simply put, with Scilla and accompanying tooling developers can be mathematically sure and proof that the smart contract they’ve written does what he or she intends it to do.
 
Smart contract on a sharded environment and state sharding
 
There is one more topic I’d like to touch on: smart contract execution in a sharded environment (and what is the effect of state sharding). This is a complex topic. I’m not able to explain it any easier than what is posted here. But I will try to compress the post into something easy to digest.
 
Earlier on we have established that Zilliqa can process transactions in parallel due to network sharding. This is where the linear scalability comes from. We can define simple transactions: a transaction from address A to B (Category 1), a transaction where a user interacts with one smart contract (Category 2) and the most complex ones where triggering a transaction results in multiple smart contracts being involved (Category 3). The shards are able to process transactions on their own without interference of the other shards. With Category 1 transactions that is doable, with Category 2 transactions sometimes if that address is in the same shard as the smart contract but with Category 3 you definitely need communication between the shards. Solving that requires to make a set of communication rules the protocol needs to follow in order to process all transactions in a generalised fashion.
 
And this is where the downsides of state sharding comes in currently. All shards in Zilliqa have access to the complete state. Yes the state size (0.1 GB at the moment) grows and all of the nodes need to store it but it also means that they don’t need to shop around for information available on other shards. Requiring more communication and adding more complexity. Computer science knowledge and/or developer knowledge required links if you want to dig further: Scilla - language grammar Scilla - Foundations for Verifiable Decentralised Computations on a Blockchain Gas Accounting NUS x Zilliqa: Smart contract language workshop
 
Easier to follow links on programming Scilla https://learnscilla.com/home Ivan on Tech
 
Roadmap / Zilliqa 2.0
 
There is no strict defined roadmap but here are topics being worked on. And via the Zilliqa website there is also more information on the projects they are working on.
 
Business & Partnerships
 
It’s not only technology in which Zilliqa seems to be excelling as their ecosystem has been expanding and starting to grow rapidly. The project is on a mission to provide OpenFinance (OpFi) to the world and Singapore is the right place to be due to its progressive regulations and futuristic thinking. Singapore has taken a proactive approach towards cryptocurrencies by introducing the Payment Services Act 2019 (PS Act). Among other things, the PS Act will regulate intermediaries dealing with certain cryptocurrencies, with a particular focus on consumer protection and anti-money laundering. It will also provide a stable regulatory licensing and operating framework for cryptocurrency entities, effectively covering all crypto businesses and exchanges based in Singapore. According to PWC 82% of the surveyed executives in Singapore reported blockchain initiatives underway and 13% of them have already brought the initiatives live to the market. There is also an increasing list of organizations that are starting to provide digital payment services. Moreover, Singaporean blockchain developers Building Cities Beyond has recently created an innovation $15 million grant to encourage development on its ecosystem. This all suggests that Singapore tries to position itself as (one of) the leading blockchain hubs in the world.
 
Zilliqa seems to already take advantage of this and recently helped launch Hg Exchange on their platform, together with financial institutions PhillipCapital, PrimePartners and Fundnel. Hg Exchange, which is now approved by the Monetary Authority of Singapore (MAS), uses smart contracts to represent digital assets. Through Hg Exchange financial institutions worldwide can use Zilliqa's safe-by-design smart contracts to enable the trading of private equities. For example, think of companies such as Grab, Airbnb, SpaceX that are not available for public trading right now. Hg Exchange will allow investors to buy shares of private companies & unicorns and capture their value before an IPO. Anquan, the main company behind Zilliqa, has also recently announced that they became a partner and shareholder in TEN31 Bank, which is a fully regulated bank allowing for tokenization of assets and is aiming to bridge the gap between conventional banking and the blockchain world. If STOs, the tokenization of assets, and equity trading will continue to increase, then Zilliqa’s public blockchain would be the ideal candidate due to its strategic positioning, partnerships, regulatory compliance and the technology that is being built on top of it.
 
What is also very encouraging is their focus on banking the un(der)banked. They are launching a stablecoin basket starting with XSGD. As many of you know, stablecoins are currently mostly used for trading. However, Zilliqa is actively trying to broaden the use case of stablecoins. I recommend everybody to read this text that Amrit Kumar wrote (one of the co-founders). These stablecoins will be integrated in the traditional markets and bridge the gap between the crypto world and the traditional world. This could potentially revolutionize and legitimise the crypto space if retailers and companies will for example start to use stablecoins for payments or remittances, instead of it solely being used for trading.
 
Zilliqa also released their DeFi strategic roadmap (dating November 2019) which seems to be aligning well with their OpFi strategy. A non-custodial DEX is coming to Zilliqa made by Switcheo which allows cross-chain trading (atomic swaps) between ETH, EOS and ZIL based tokens. They also signed a Memorandum of Understanding for a (soon to be announced) USD stablecoin. And as Zilliqa is all about regulations and being compliant, I’m speculating on it to be a regulated USD stablecoin. Furthermore, XSGD is already created and visible on block explorer and XIDR (Indonesian Stablecoin) is also coming soon via StraitsX. Here also an overview of the Tech Stack for Financial Applications from September 2019. Further quoting Amrit Kumar on this:
 
There are two basic building blocks in DeFi/OpFi though: 1) stablecoins as you need a non-volatile currency to get access to this market and 2) a dex to be able to trade all these financial assets. The rest are built on top of these blocks.
 
So far, together with our partners and community, we have worked on developing these building blocks with XSGD as a stablecoin. We are working on bringing a USD-backed stablecoin as well. We will soon have a decentralised exchange developed by Switcheo. And with HGX going live, we are also venturing into the tokenization space. More to come in the future.”
 
Additionally, they also have this ZILHive initiative that injects capital into projects. There have been already 6 waves of various teams working on infrastructure, innovation and research, and they are not from ASEAN or Singapore only but global: see Grantees breakdown by country. Over 60 project teams from over 20 countries have contributed to Zilliqa's ecosystem. This includes individuals and teams developing wallets, explorers, developer toolkits, smart contract testing frameworks, dapps, etc. As some of you may know, Unstoppable Domains (UD) blew up when they launched on Zilliqa. UD aims to replace cryptocurrency addresses with a human-readable name and allows for uncensorable websites. Zilliqa will probably be the only one able to handle all these transactions onchain due to ability to scale and its resulting low fees which is why the UD team launched this on Zilliqa in the first place. Furthermore, Zilliqa also has a strong emphasis on security, compliance, and privacy, which is why they partnered with companies like Elliptic, ChainSecurity (part of PwC Switzerland), and Incognito. Their sister company Aqilliz (Zilliqa spelled backwards) focuses on revolutionizing the digital advertising space and is doing interesting things like using Zilliqa to track outdoor digital ads with companies like Foodpanda.
 
Zilliqa is listed on nearly all major exchanges, having several different fiat-gateways and recently have been added to Binance’s margin trading and futures trading with really good volume. They also have a very impressive team with good credentials and experience. They don't just have “tech people”. They have a mix of tech people, business people, marketeers, scientists, and more. Naturally, it's good to have a mix of people with different skill sets if you work in the crypto space.
 
Marketing & Community
 
Zilliqa has a very strong community. If you just follow their Twitter their engagement is much higher for a coin that has approximately 80k followers. They also have been ‘coin of the day’ by LunarCrush many times. LunarCrush tracks real-time cryptocurrency value and social data. According to their data, it seems Zilliqa has a more fundamental and deeper understanding of marketing and community engagement than almost all other coins. While almost all coins have been a bit frozen in the last months, Zilliqa seems to be on its own bull run. It was somewhere in the 100s a few months ago and is currently ranked #46 on CoinGecko. Their official Telegram also has over 20k people and is very active, and their community channel which is over 7k now is more active and larger than many other official channels. Their local communities also seem to be growing.
 
Moreover, their community started ‘Zillacracy’ together with the Zilliqa core team ( see www.zillacracy.com ). It’s a community-run initiative where people from all over the world are now helping with marketing and development on Zilliqa. Since its launch in February 2020 they have been doing a lot and will also run their own non-custodial seed node for staking. This seed node will also allow them to start generating revenue for them to become a self sustaining entity that could potentially scale up to become a decentralized company working in parallel with the Zilliqa core team. Comparing it to all the other smart contract platforms (e.g. Cardano, EOS, Tezos etc.) they don't seem to have started a similar initiative (correct me if I’m wrong though). This suggests in my opinion that these other smart contract platforms do not fully understand how to utilize the ‘power of the community’. This is something you cannot ‘buy with money’ and gives many projects in the space a disadvantage.
 
Zilliqa also released two social products called SocialPay and Zeeves. SocialPay allows users to earn ZILs while tweeting with a specific hashtag. They have recently used it in partnership with the Singapore Red Cross for a marketing campaign after their initial pilot program. It seems like a very valuable social product with a good use case. I can see a lot of traditional companies entering the space through this product, which they seem to suggest will happen. Tokenizing hashtags with smart contracts to get network effect is a very smart and innovative idea.
 
Regarding Zeeves, this is a tipping bot for Telegram. They already have 1000s of signups and they plan to keep upgrading it for more and more people to use it (e.g. they recently have added a quiz features). They also use it during AMAs to reward people in real-time. It’s a very smart approach to grow their communities and get familiar with ZIL. I can see this becoming very big on Telegram. This tool suggests, again, that the Zilliqa team has a deeper understanding of what the crypto space and community needs and is good at finding the right innovative tools to grow and scale.
 
To be honest, I haven’t covered everything (i’m also reaching the character limited haha). So many updates happening lately that it's hard to keep up, such as the International Monetary Fund mentioning Zilliqa in their report, custodial and non-custodial Staking, Binance Margin, Futures, Widget, entering the Indian market, and more. The Head of Marketing Colin Miles has also released this as an overview of what is coming next. And last but not least, Vitalik Buterin has been mentioning Zilliqa lately acknowledging Zilliqa and mentioning that both projects have a lot of room to grow. There is much more info of course and a good part of it has been served to you on a silver platter. I invite you to continue researching by yourself :-) And if you have any comments or questions please post here!
submitted by haveyouheardaboutit to CryptoCurrency [link] [comments]

Why i’m bullish on Zilliqa (long read)

Hey all, I've been researching coins since 2017 and have gone through 100s of them in the last 3 years. I got introduced to blockchain via Bitcoin of course, analysed Ethereum thereafter and from that moment I have a keen interest in smart contact platforms. I’m passionate about Ethereum but I find Zilliqa to have a better risk reward ratio. Especially because Zilliqa has found an elegant balance between being secure, decentralised and scalable in my opinion.
 
Below I post my analysis why from all the coins I went through I’m most bullish on Zilliqa (yes I went through Tezos, EOS, NEO, VeChain, Harmony, Algorand, Cardano etc.). Note that this is not investment advice and although it's a thorough analysis there is obviously some bias involved. Looking forward to what you all think!
 
Fun fact: the name Zilliqa is a play on ‘silica’ silicon dioxide which means “Silicon for the high-throughput consensus computer.”
 
This post is divided into (i) Technology, (ii) Business & Partnerships, and (iii) Marketing & Community. I’ve tried to make the technology part readable for a broad audience. If you’ve ever tried understanding the inner workings of Bitcoin and Ethereum you should be able to grasp most parts. Otherwise just skim through and once you are zoning out head to the next part.
 
Technology and some more:
 
Introduction The technology is one of the main reasons why I’m so bullish on Zilliqa. First thing you see on their website is: “Zilliqa is a high-performance, high-security blockchain platform for enterprises and next-generation applications.” These are some bold statements.
 
Before we deep dive into the technology let’s take a step back in time first as they have quite the history. The initial research paper from which Zilliqa originated dates back to August 2016: Elastico: A Secure Sharding Protocol For Open Blockchains where Loi Luu (Kyber Network) is one of the co-authors. Other ideas that led to the development of what Zilliqa has become today are: Bitcoin-NG, collective signing CoSi, ByzCoin and Omniledger.
 
The technical white paper was made public in August 2017 and since then they have achieved everything stated in the white paper and also created their own open source intermediate level smart contract language called Scilla (functional programming language similar to OCaml) too.
 
Mainnet is live since end of January 2019 with daily transaction rate growing continuously. About a week ago mainnet reached 5 million transactions, 500.000+ addresses in total along with 2400 nodes keeping the network decentralised and secure. Circulating supply is nearing 11 billion and currently only mining rewards are left. Maximum supply is 21 billion with annual inflation being 7.13% currently and will only decrease with time.
 
Zilliqa realised early on that the usage of public cryptocurrencies and smart contracts were increasing but decentralised, secure and scalable alternatives were lacking in the crypto space. They proposed to apply sharding onto a public smart contract blockchain where the transaction rate increases almost linear with the increase in amount of nodes. More nodes = higher transaction throughput and increased decentralisation. Sharding comes in many forms and Zilliqa uses network-, transaction- and computational sharding. Network sharding opens up the possibility of using transaction- and computational sharding on top. Zilliqa does not use state sharding for now. We’ll come back to this later.
 
Before we continue disecting how Zilliqa achieves such from a technological standpoint it’s good to keep in mind that a blockchain being decentralised and secure and scalable is still one of the main hurdles in allowing widespread usage of decentralised networks. In my opinion this needs to be solved first before blockchains can get to the point where they can create and add large scale value. So I invite you to read the next section to grasp the underlying fundamentals. Because after all these premises need to be true otherwise there isn’t a fundamental case to be bullish on Zilliqa, right?
 
Down the rabbit hole
 
How have they achieved this? Let’s define the basics first: key players on Zilliqa are the users and the miners. A user is anybody who uses the blockchain to transfer funds or run smart contracts. Miners are the (shard) nodes in the network who run the consensus protocol and get rewarded for their service in Zillings (ZIL). The mining network is divided into several smaller networks called shards, which is also referred to as ‘network sharding’. Miners subsequently are randomly assigned to a shard by another set of miners called DS (Directory Service) nodes. The regular shards process transactions and the outputs of these shards are eventually combined by the DS shard as they reach consensus on the final state. More on how these DS shards reach consensus (via pBFT) will be explained later on.
 
The Zilliqa network produces two types of blocks: DS blocks and Tx blocks. One DS Block consists of 100 Tx Blocks. And as previously mentioned there are two types of nodes concerned with reaching consensus: shard nodes and DS nodes. Becoming a shard node or DS node is being defined by the result of a PoW cycle (Ethash) at the beginning of the DS Block. All candidate mining nodes compete with each other and run the PoW (Proof-of-Work) cycle for 60 seconds and the submissions achieving the highest difficulty will be allowed on the network. And to put it in perspective: the average difficulty for one DS node is ~ 2 Th/s equaling 2.000.000 Mh/s or 55 thousand+ GeForce GTX 1070 / 8 GB GPUs at 35.4 Mh/s. Each DS Block 10 new DS nodes are allowed. And a shard node needs to provide around 8.53 GH/s currently (around 240 GTX 1070s). Dual mining ETH/ETC and ZIL is possible and can be done via mining software such as Phoenix and Claymore. There are pools and if you have large amounts of hashing power (Ethash) available you could mine solo.
 
The PoW cycle of 60 seconds is a peak performance and acts as an entry ticket to the network. The entry ticket is called a sybil resistance mechanism and makes it incredibly hard for adversaries to spawn lots of identities and manipulate the network with these identities. And after every 100 Tx Blocks which corresponds to roughly 1,5 hour this PoW process repeats. In between these 1,5 hour no PoW needs to be done meaning Zilliqa’s energy consumption to keep the network secure is low. For more detailed information on how mining works click here.
Okay, hats off to you. You have made it this far. Before we go any deeper down the rabbit hole we first must understand why Zilliqa goes through all of the above technicalities and understand a bit more what a blockchain on a more fundamental level is. Because the core of Zilliqa’s consensus protocol relies on the usage of pBFT (practical Byzantine Fault Tolerance) we need to know more about state machines and their function. Navigate to Viewblock, a Zilliqa block explorer, and just come back to this article. We will use this site to navigate through a few concepts.
 
We have established that Zilliqa is a public and distributed blockchain. Meaning that everyone with an internet connection can send ZILs, trigger smart contracts etc. and there is no central authority who fully controls the network. Zilliqa and other public and distributed blockchains (like Bitcoin and Ethereum) can also be defined as state machines.
 
Taking the liberty of paraphrasing examples and definitions given by Samuel Brooks’ medium article, he describes the definition of a blockchain (like Zilliqa) as:
“A peer-to-peer, append-only datastore that uses consensus to synchronise cryptographically-secure data”.
 
Next he states that: >“blockchains are fundamentally systems for managing valid state transitions”.* For some more context, I recommend reading the whole medium article to get a better grasp of the definitions and understanding of state machines. Nevertheless, let’s try to simplify and compile it into a single paragraph. Take traffic lights as an example: all its states (red, amber and green) are predefined, all possible outcomes are known and it doesn’t matter if you encounter the traffic light today or tomorrow. It will still behave the same. Managing the states of a traffic light can be done by triggering a sensor on the road or pushing a button resulting in one traffic lights’ state going from green to red (via amber) and another light from red to green.
 
With public blockchains like Zilliqa this isn’t so straightforward and simple. It started with block #1 almost 1,5 years ago and every 45 seconds or so a new block linked to the previous block is being added. Resulting in a chain of blocks with transactions in it that everyone can verify from block #1 to the current #647.000+ block. The state is ever changing and the states it can find itself in are infinite. And while the traffic light might work together in tandem with various other traffic lights, it’s rather insignificant comparing it to a public blockchain. Because Zilliqa consists of 2400 nodes who need to work together to achieve consensus on what the latest valid state is while some of these nodes may have latency or broadcast issues, drop offline or are deliberately trying to attack the network etc.
 
Now go back to the Viewblock page take a look at the amount of transaction, addresses, block and DS height and then hit refresh. Obviously as expected you see new incremented values on one or all parameters. And how did the Zilliqa blockchain manage to transition from a previous valid state to the latest valid state? By using pBFT to reach consensus on the latest valid state.
 
After having obtained the entry ticket, miners execute pBFT to reach consensus on the ever changing state of the blockchain. pBFT requires a series of network communication between nodes, and as such there is no GPU involved (but CPU). Resulting in the total energy consumed to keep the blockchain secure, decentralised and scalable being low.
 
pBFT stands for practical Byzantine Fault Tolerance and is an optimisation on the Byzantine Fault Tolerant algorithm. To quote Blockonomi: “In the context of distributed systems, Byzantine Fault Tolerance is the ability of a distributed computer network to function as desired and correctly reach a sufficient consensus despite malicious components (nodes) of the system failing or propagating incorrect information to other peers.” Zilliqa is such a distributed computer network and depends on the honesty of the nodes (shard and DS) to reach consensus and to continuously update the state with the latest block. If pBFT is a new term for you I can highly recommend the Blockonomi article.
 
The idea of pBFT was introduced in 1999 - one of the authors even won a Turing award for it - and it is well researched and applied in various blockchains and distributed systems nowadays. If you want more advanced information than the Blockonomi link provides click here. And if you’re in between Blockonomi and University of Singapore read the Zilliqa Design Story Part 2 dating from October 2017.
Quoting from the Zilliqa tech whitepaper: “pBFT relies upon a correct leader (which is randomly selected) to begin each phase and proceed when the sufficient majority exists. In case the leader is byzantine it can stall the entire consensus protocol. To address this challenge, pBFT offers a view change protocol to replace the byzantine leader with another one.”
 
pBFT can tolerate ⅓ of the nodes being dishonest (offline counts as Byzantine = dishonest) and the consensus protocol will function without stalling or hiccups. Once there are more than ⅓ of dishonest nodes but no more than ⅔ the network will be stalled and a view change will be triggered to elect a new DS leader. Only when more than ⅔ of the nodes are dishonest (>66%) double spend attacks become possible.
 
If the network stalls no transactions can be processed and one has to wait until a new honest leader has been elected. When the mainnet was just launched and in its early phases, view changes happened regularly. As of today the last stalling of the network - and view change being triggered - was at the end of October 2019.
 
Another benefit of using pBFT for consensus besides low energy is the immediate finality it provides. Once your transaction is included in a block and the block is added to the chain it’s done. Lastly, take a look at this article where three types of finality are being defined: probabilistic, absolute and economic finality. Zilliqa falls under the absolute finality (just like Tendermint for example). Although lengthy already we skipped through some of the inner workings from Zilliqa’s consensus: read the Zilliqa Design Story Part 3 and you will be close to having a complete picture on it. Enough about PoW, sybil resistance mechanism, pBFT etc. Another thing we haven’t looked at yet is the amount of decentralisation.
 
Decentralisation
 
Currently there are four shards, each one of them consisting of 600 nodes. 1 shard with 600 so called DS nodes (Directory Service - they need to achieve a higher difficulty than shard nodes) and 1800 shard nodes of which 250 are shard guards (centralised nodes controlled by the team). The amount of shard guards has been steadily declining from 1200 in January 2019 to 250 as of May 2020. On the Viewblock statistics you can see that many of the nodes are being located in the US but those are only the (CPU parts of the) shard nodes who perform pBFT. There is no data from where the PoW sources are coming. And when the Zilliqa blockchain starts reaching their transaction capacity limit, a network upgrade needs to be executed to lift the current cap of maximum 2400 nodes to allow more nodes and formation of more shards which will allow to network to keep on scaling according to demand.
Besides shard nodes there are also seed nodes. The main role of seed nodes is to serve as direct access points (for end users and clients) to the core Zilliqa network that validates transactions. Seed nodes consolidate transaction requests and forward these to the lookup nodes (another type of nodes) for distribution to the shards in the network. Seed nodes also maintain the entire transaction history and the global state of the blockchain which is needed to provide services such as block explorers. Seed nodes in the Zilliqa network are comparable to Infura on Ethereum.
 
The seed nodes were first only operated by Zilliqa themselves, exchanges and Viewblock. Operators of seed nodes like exchanges had no incentive to open them for the greater public.They were centralised at first. Decentralisation at the seed nodes level has been steadily rolled out since March 2020 ( Zilliqa Improvement Proposal 3 ). Currently the amount of seed nodes is being increased, they are public facing and at the same time PoS is applied to incentivize seed node operators and make it possible for ZIL holders to stake and earn passive yields. Important distinction: seed nodes are not involved with consensus! That is still PoW as entry ticket and pBFT for the actual consensus.
 
5% of the block rewards are being assigned to seed nodes (from the beginning in 2019) and those are being used to pay out ZIL stakers.The 5% block rewards with an annual yield of 10.03% translates to roughly 610 MM ZILs in total that can be staked. Exchanges use the custodial variant of staking and wallets like Moonlet will use the non custodial version (starting in Q3 2020). Staking is being done by sending ZILs to a smart contract created by Zilliqa and audited by Quantstamp.
 
With a high amount of DS & shard nodes and seed nodes becoming more decentralised too, Zilliqa qualifies for the label of decentralised in my opinion.
 
Smart contracts
 
Let me start by saying I’m not a developer and my programming skills are quite limited. So I‘m taking the ELI5 route (maybe 12) but if you are familiar with Javascript, Solidity or specifically OCaml please head straight to Scilla - read the docs to get a good initial grasp of how Zilliqa’s smart contract language Scilla works and if you ask yourself “why another programming language?” check this article. And if you want to play around with some sample contracts in an IDE click here. Faucet can be found here. And more information on architecture, dapp development and API can be found on the Developer Portal.
If you are more into listening and watching: check this recent webinar explaining Zilliqa and Scilla. Link is time stamped so you’ll start right away with a platform introduction, R&D roadmap 2020 and afterwards a proper Scilla introduction.
 
Generalised: programming languages can be divided into being ‘object oriented’ or ‘functional’. Here is an ELI5 given by software development academy: > “all programmes have two basic components, data – what the programme knows – and behaviour – what the programme can do with that data. So object-oriented programming states that combining data and related behaviours in one place, is called “object”, which makes it easier to understand how a particular program works. On the other hand, functional programming argues that data and behaviour are different things and should be separated to ensure their clarity.”
 
Scilla is on the functional side and shares similarities with OCaml: > OCaml is a general purpose programming language with an emphasis on expressiveness and safety. It has an advanced type system that helps catch your mistakes without getting in your way. It's used in environments where a single mistake can cost millions and speed matters, is supported by an active community, and has a rich set of libraries and development tools. For all its power, OCaml is also pretty simple, which is one reason it's often used as a teaching language.
 
Scilla is blockchain agnostic, can be implemented onto other blockchains as well, is recognised by academics and won a so called Distinguished Artifact Award award at the end of last year.
 
One of the reasons why the Zilliqa team decided to create their own programming language focused on preventing smart contract vulnerabilities safety is that adding logic on a blockchain, programming, means that you cannot afford to make mistakes. Otherwise it could cost you. It’s all great and fun blockchains being immutable but updating your code because you found a bug isn’t the same as with a regular web application for example. And with smart contracts it inherently involves cryptocurrencies in some form thus value.
 
Another difference with programming languages on a blockchain is gas. Every transaction you do on a smart contract platform like Zilliqa for Ethereum costs gas. With gas you basically pay for computational costs. Sending a ZIL from address A to address B costs 0.001 ZIL currently. Smart contracts are more complex, often involve various functions and require more gas (if gas is a new concept click here ).
 
So with Scilla, similar to Solidity, you need to make sure that “every function in your smart contract will run as expected without hitting gas limits. An improper resource analysis may lead to situations where funds may get stuck simply because a part of the smart contract code cannot be executed due to gas limits. Such constraints are not present in traditional software systems”. Scilla design story part 1
 
Some examples of smart contract issues you’d want to avoid are: leaking funds, ‘unexpected changes to critical state variables’ (example: someone other than you setting his or her address as the owner of the smart contract after creation) or simply killing a contract.
 
Scilla also allows for formal verification. Wikipedia to the rescue:
In the context of hardware and software systems, formal verification is the act of proving or disproving the correctness of intended algorithms underlying a system with respect to a certain formal specification or property, using formal methods of mathematics.
 
Formal verification can be helpful in proving the correctness of systems such as: cryptographic protocols, combinational circuits, digital circuits with internal memory, and software expressed as source code.
 
Scilla is being developed hand-in-hand with formalization of its semantics and its embedding into the Coq proof assistant — a state-of-the art tool for mechanized proofs about properties of programs.”
 
Simply put, with Scilla and accompanying tooling developers can be mathematically sure and proof that the smart contract they’ve written does what he or she intends it to do.
 
Smart contract on a sharded environment and state sharding
 
There is one more topic I’d like to touch on: smart contract execution in a sharded environment (and what is the effect of state sharding). This is a complex topic. I’m not able to explain it any easier than what is posted here. But I will try to compress the post into something easy to digest.
 
Earlier on we have established that Zilliqa can process transactions in parallel due to network sharding. This is where the linear scalability comes from. We can define simple transactions: a transaction from address A to B (Category 1), a transaction where a user interacts with one smart contract (Category 2) and the most complex ones where triggering a transaction results in multiple smart contracts being involved (Category 3). The shards are able to process transactions on their own without interference of the other shards. With Category 1 transactions that is doable, with Category 2 transactions sometimes if that address is in the same shard as the smart contract but with Category 3 you definitely need communication between the shards. Solving that requires to make a set of communication rules the protocol needs to follow in order to process all transactions in a generalised fashion.
 
And this is where the downsides of state sharding comes in currently. All shards in Zilliqa have access to the complete state. Yes the state size (0.1 GB at the moment) grows and all of the nodes need to store it but it also means that they don’t need to shop around for information available on other shards. Requiring more communication and adding more complexity. Computer science knowledge and/or developer knowledge required links if you want to dig further: Scilla - language grammar Scilla - Foundations for Verifiable Decentralised Computations on a Blockchain Gas Accounting NUS x Zilliqa: Smart contract language workshop
 
Easier to follow links on programming Scilla https://learnscilla.com/home Ivan on Tech
 
Roadmap / Zilliqa 2.0
 
There is no strict defined roadmap but here are topics being worked on. And via the Zilliqa website there is also more information on the projects they are working on.
 
Business & Partnerships  
It’s not only technology in which Zilliqa seems to be excelling as their ecosystem has been expanding and starting to grow rapidly. The project is on a mission to provide OpenFinance (OpFi) to the world and Singapore is the right place to be due to its progressive regulations and futuristic thinking. Singapore has taken a proactive approach towards cryptocurrencies by introducing the Payment Services Act 2019 (PS Act). Among other things, the PS Act will regulate intermediaries dealing with certain cryptocurrencies, with a particular focus on consumer protection and anti-money laundering. It will also provide a stable regulatory licensing and operating framework for cryptocurrency entities, effectively covering all crypto businesses and exchanges based in Singapore. According to PWC 82% of the surveyed executives in Singapore reported blockchain initiatives underway and 13% of them have already brought the initiatives live to the market. There is also an increasing list of organisations that are starting to provide digital payment services. Moreover, Singaporean blockchain developers Building Cities Beyond has recently created an innovation $15 million grant to encourage development on its ecosystem. This all suggest that Singapore tries to position itself as (one of) the leading blockchain hubs in the world.
 
Zilliqa seems to already taking advantage of this and recently helped launch Hg Exchange on their platform, together with financial institutions PhillipCapital, PrimePartners and Fundnel. Hg Exchange, which is now approved by the Monetary Authority of Singapore (MAS), uses smart contracts to represent digital assets. Through Hg Exchange financial institutions worldwide can use Zilliqa's safe-by-design smart contracts to enable the trading of private equities. For example, think of companies such as Grab, AirBnB, SpaceX that are not available for public trading right now. Hg Exchange will allow investors to buy shares of private companies & unicorns and capture their value before an IPO. Anquan, the main company behind Zilliqa, has also recently announced that they became a partner and shareholder in TEN31 Bank, which is a fully regulated bank allowing for tokenization of assets and is aiming to bridge the gap between conventional banking and the blockchain world. If STOs, the tokenization of assets, and equity trading will continue to increase, then Zilliqa’s public blockchain would be the ideal candidate due to its strategic positioning, partnerships, regulatory compliance and the technology that is being built on top of it.
 
What is also very encouraging is their focus on banking the un(der)banked. They are launching a stablecoin basket starting with XSGD. As many of you know, stablecoins are currently mostly used for trading. However, Zilliqa is actively trying to broaden the use case of stablecoins. I recommend everybody to read this text that Amrit Kumar wrote (one of the co-founders). These stablecoins will be integrated in the traditional markets and bridge the gap between the crypto world and the traditional world. This could potentially revolutionize and legitimise the crypto space if retailers and companies will for example start to use stablecoins for payments or remittances, instead of it solely being used for trading.
 
Zilliqa also released their DeFi strategic roadmap (dating November 2019) which seems to be aligning well with their OpFi strategy. A non-custodial DEX is coming to Zilliqa made by Switcheo which allows cross-chain trading (atomic swaps) between ETH, EOS and ZIL based tokens. They also signed a Memorandum of Understanding for a (soon to be announced) USD stablecoin. And as Zilliqa is all about regulations and being compliant, I’m speculating on it to be a regulated USD stablecoin. Furthermore, XSGD is already created and visible on block explorer and XIDR (Indonesian Stablecoin) is also coming soon via StraitsX. Here also an overview of the Tech Stack for Financial Applications from September 2019. Further quoting Amrit Kumar on this:
 
There are two basic building blocks in DeFi/OpFi though: 1) stablecoins as you need a non-volatile currency to get access to this market and 2) a dex to be able to trade all these financial assets. The rest are build on top of these blocks.
 
So far, together with our partners and community, we have worked on developing these building blocks with XSGD as a stablecoin. We are working on bringing a USD-backed stablecoin as well. We will soon have a decentralised exchange developed by Switcheo. And with HGX going live, we are also venturing into the tokenization space. More to come in the future.”*
 
Additionally, they also have this ZILHive initiative that injects capital into projects. There have been already 6 waves of various teams working on infrastructure, innovation and research, and they are not from ASEAN or Singapore only but global: see Grantees breakdown by country. Over 60 project teams from over 20 countries have contributed to Zilliqa's ecosystem. This includes individuals and teams developing wallets, explorers, developer toolkits, smart contract testing frameworks, dapps, etc. As some of you may know, Unstoppable Domains (UD) blew up when they launched on Zilliqa. UD aims to replace cryptocurrency addresses with a human readable name and allows for uncensorable websites. Zilliqa will probably be the only one able to handle all these transactions onchain due to ability to scale and its resulting low fees which is why the UD team launched this on Zilliqa in the first place. Furthermore, Zilliqa also has a strong emphasis on security, compliance, and privacy, which is why they partnered with companies like Elliptic, ChainSecurity (part of PwC Switzerland), and Incognito. Their sister company Aqilliz (Zilliqa spelled backwards) focuses on revolutionizing the digital advertising space and is doing interesting things like using Zilliqa to track outdoor digital ads with companies like Foodpanda.
 
Zilliqa is listed on nearly all major exchanges, having several different fiat-gateways and recently have been added to Binance’s margin trading and futures trading with really good volume. They also have a very impressive team with good credentials and experience. They dont just have “tech people”. They have a mix of tech people, business people, marketeers, scientists, and more. Naturally, it's good to have a mix of people with different skill sets if you work in the crypto space.
 
Marketing & Community
 
Zilliqa has a very strong community. If you just follow their Twitter their engagement is much higher for a coin that has approximately 80k followers. They also have been ‘coin of the day’ by LunarCrush many times. LunarCrush tracks real-time cryptocurrency value and social data. According to their data it seems Zilliqa has a more fundamental and deeper understanding of marketing and community engagement than almost all other coins. While almost all coins have been a bit frozen in the last months, Zilliqa seems to be on its own bull run. It was somewhere in the 100s a few months ago and is currently ranked #46 on CoinGecko. Their official Telegram also has over 20k people and is very active, and their community channel which is over 7k now is more active and larger than many other official channels. Their local communities) also seem to be growing.
 
Moreover, their community started ‘Zillacracy’ together with the Zilliqa core team ( see www.zillacracy.com ). It’s a community run initiative where people from all over the world are now helping with marketing and development on Zilliqa. Since its launch in February 2020 they have been doing a lot and will also run their own non custodial seed node for staking. This seed node will also allow them to start generating revenue for them to become a self sustaining entity that could potentially scale up to become a decentralized company working in parallel with the Zilliqa core team. Comparing it to all the other smart contract platforms (e.g. Cardano, EOS, Tezos etc.) they don't seem to have started a similar initiatives (correct me if I’m wrong though). This suggest in my opinion that these other smart contract platforms do not fully understand how to utilize the ‘power of the community’. This is something you cannot ‘buy with money’ and gives many projects in the space a disadvantage.
 
Zilliqa also released two social products called SocialPay and Zeeves. SocialPay allows users to earn ZILs while tweeting with a specific hashtag. They have recently used it in partnership with the Singapore Red Cross for a marketing campaign after their initial pilot program. It seems like a very valuable social product with a good use case. I can see a lot of traditional companies entering the space through this product, which they seem to suggest will happen. Tokenizing hashtags with smart contracts to get network effect is a very smart and innovative idea.
 
Regarding Zeeves, this is a tipping bot for Telegram. They already have 1000s of signups and they plan to keep upgrading it for more and more people to use it (e.g. they recently have added a quiz features). They also use it during AMAs to reward people in real time. It’s a very smart approach to grow their communities and get familiar with ZIL. I can see this becoming very big on Telegram. This tool suggests, again, that the Zilliqa team has a deeper understanding what the crypto space and community needs and is good at finding the right innovative tools to grow and scale.
 
To be honest, I haven’t covered everything (i’m also reaching the character limited haha). So many updates happening lately that it's hard to keep up, such as the International Monetary Fund mentioning Zilliqa in their report, custodial and non-custodial Staking, Binance Margin, Futures & Widget, entering the Indian market, and more. The Head of Marketing Colin Miles has also released this as an overview of what is coming next. And last but not least, Vitalik Buterin has been mentioning Zilliqa lately acknowledging Zilliqa and mentioning that both projects have a lot of room to grow. There is much more info of course and a good part of it has been served to you on a silver platter. I invite you to continue researching by yourself :-) And if you have any comments or questions please post here!
submitted by haveyouheardaboutit to CryptoCurrency [link] [comments]

legit : fox-url.com the best short links for earning money

legit : fox-url.com the best short links for earning money

https://preview.redd.it/y6mu2glebao41.png?width=1329&format=png&auto=webp&s=6a197a32e2860bdf50a3191a021dd9b6db68e6e5

http://www.fox-url.com/
we are paying up to $10/1000 visits.
  • Minimum payment $1
  • you can earn up to 10 $ / 1000 unique views.
  • Payout via : PayPal, Payeer, Westernunion , Payza , Skrill ,Web Money ,Perfect Money , Bank Transfer , Neteller , Bitcoin , Dogecoin , Money Wallet .
  • Real time stats, updated every minute
  • You earn for all countries traffic
  • Daily Payments max 24 H
  • Advanced statistics
  • 10% Referral Bonus
  • 1 View Count per IP / 24hr
  • payment proof album : click here
  • our page on FB : click here
  • Not Accepted:1- sites earn money like faucet bitcoin or you earn2- vpn or bot or any scam3- never use APE.CX site4- In case the visit is direct we must come from the source of visits and if not appropriate with the rules of our site will be closed account to keep our site safe Follow the rules or your account will be closed


https://preview.redd.it/1gs3dhlhbao41.png?width=919&format=png&auto=webp&s=aa7e08b6382dd2d363b7c26bf62985816882f304

https://preview.redd.it/xbowgzoibao41.png?width=913&format=png&auto=webp&s=95a04bc8cfee2cb632fd526dfbfed8802f9cbe47

https://preview.redd.it/tpkceu3kbao41.png?width=1600&format=png&auto=webp&s=cc1346b7ba894ca862e87a9264fd62d2b7771bac

submitted by Fox-Url to u/Fox-Url [link] [comments]

New to Banano? Check this FAQ first!

What is Banano?

Banano is a feeless and instant cryptocurrency powered by DAG technology that is rich in potassium and designed to disrupt the meme economy. It's a fork of Nano with more memes and lower PoW requirement. Banano was born on April 1, 2018, so the project is still quite young. See a very brief conceptual summary here: https://gfycat.com/MenacingPointedAmericansaddlebred
Don't want to read all the below? See a brief summary of all you need to know and all important links on one page at https://banano.how

Why is Banano?

Don't let your memes be dreams!

What is the total supply of Banano?

The total supply is 3,402,823,669.20 BANANO (which is 10x the initial Nano supply).
The circulating supply currently changes a lot, as does the market cap. You can check current price estimations here:
https://creeper.banano.cc/exploreexchange_rates
or at our first bigger exchange, Mercatox:
https://mercatox.com/exchange/BAN/BTC

https://mercatox.com/exchange/BAN/XRB

Do you have a whitepaper?

We will have something even better; the yellow paper. It is yet to be released. It will contain not only the philosophy and the technology behind the Project, but also MEMES!

What's the difference between NANO and BANANO?

BANANO is running on the same technological base as NANO, although some parameters like PoW threshold and units were tweaked. The biggest difference is the governance, with BANANO being a meme coin with more fun, freedom and creative experiments.

Where to find out more about Banano?

Official links and social media channels:
Website: https://banano.co.in/
Discord: http://chat.banano.co.in/
Reddit: https://www.reddit.com/bananocoin/
Twitter: https://twitter.com/bananocoin/
Telegram: http://tg.banano.how/
Instagram: http://ig.banano.how
Discord Banano game server: http://games.banano.how/
Make sure to join our Discord, that's where the community is most active, with regular giveaways and two bantastic TipBots! This subreddit also has a Banano TipBot.
Banano Network Explorer: https://creeper.banano.cc/
Banano Network Status: https://creeper.banano.cc/network
Banano Node Monitor: https://banano.nifni.net/index.php
Github: https://github.com/bananocoin
Other seriously official Banano websites:
http://bananograil.com/
https://banano.fun/
https://banano.date/

Are there non-official Banano projects/websites?

Yes, there are lots of ongoing community-organised projects and initiatives. Many are organised on the Discord Server.
Here are just a few examples:
The Banano essence on one page: https://banano.how
Betting website: https://bananobet.com/
News/HowTo Website: http://howtobanano.info
Unofficial mobile wallet (android, beta, be careful when using): https://play.google.com/store/apps/details?id=co.in.bananowallet

Is there a short overview of how to get started that I can share with my friends?

Yes, check out https://banano.how

Which wallet should I use for Banano?

Official web wallet (also works on mobile): https://vault.banano.co.in/
Kalium - Official mobile wallet (Android, iOS coming soon): http://kalium.banano.how
Otherwise you need to create extra wallets on reddit and discord if you like to receive tips there.

Instructions:

Reddit: https://np.reddit.com/bananocoin/wiki/reddit-tipbot
Discord: http://chat.banano.how

Where do I get Banano?

You can be tipped free Banano here or on the discord for being active or contributing to the community. Otherwise there are regular giveaways, contests and small airdrops mostly happening on the discord server all the time.
Hint: If you are new here and tell us below about your first impression and how you found us you might actually get some tasty free Banano right away ;)
Banano is freely distributed and is not sold by the devs through some sort of ICO. They distribute it to their community for free! This is also why there are regular faucet game events.
Apart from this, you also can buy Banano at the exchange Mercatox: https://mercatox.com/

Current events:

Banano Papertoy Contest: http://toy.banano.how
Banano Minecraft Server: http://minecraft.banano.how

Which faucet games and when are they active?

Banano Runner:
A graphical runner game where you collect Bananas which then are paid out as Banano to your wallet. This happens regularly, but be sure to only play when the game is active. The game evolves and changes a bit over time, see here an excellent summary and getting started guide from CastrosBallsack: https://www.reddit.com/bananocoin/comments/8w02q3/anyone_excited_about_banano_runner_if_not_you/
Another faucet game is Monkey Match - this one can be played through a website which is online when the game is active (https://bananosecure.coranos.io/).

How do I know when a game is active?

Keep your eyes open for official announcements on the Discord. Sometimes these games can start on short notice. Mostly the start of faucet game events will also be announced via Twitter, here at Reddit and the Telegram group. Don't play the game without confirming first that an event is running!

I have played a faucet game, when will I receive the payment?

Be a bit patient, all game results are carefully checked by the devs to detect cheating/bot usage. Since they have also lots of other things to do it might take a few days or even more than a few days before you receive your Banano from faucet games. Don't worry, everything will be paid out.

Is Banano listed on an exchange?

Yes, on Mercatox, with Nano (XRB) and Bitcoin (BTC) pairs: https://mercatox.com/
Also, there is an ongoing vote for Banano to get listed at Coinex, supported by a 1000 Ban bounty for everyone who votes. More details at http://vote.banano.how

Are there any airdrops?

There has been an airdrop to Nano holders before, see https://banano.claims/. There also will be future airdrops, keep your eyes open for announcements!

Can I buy Banano?

Banano is mainly distributed to everyone for free as mentioned above. However, you can buy Banano from other users directly with Nano at the discord in the #jungle-bazaar channel. These trades are safe when using the on-board escrow bot. Check out this detailed step-by-step guide:
https://www.reddit.com/CryptoCurrency/comments/8yj0nt/how_to_buy_the_hot_new_meme_coin_banano_using_an/
Now you also can buy Banano on Mercatox, with Nano (XRB) and Bitcoin (BTC) pairs: https://mercatox.com/

What's the current Banano price?

You can check this website for current conversion rates: https://creeper.banano.cc/exploreexchange_rates
However, be aware that this price calculation (based on discord trades) will not always be 100% accurate.
Otherwise check current prices at Mercatox:
https://mercatox.com/exchange/BAN/BTC
https://mercatox.com/exchange/BAN/XRB

My question is not listed here, where to ask for help?

You can post your question below or ask it at the discord, in the channel #the-jungle. Many community members are nice and will happily help you!

I have feedback, suggestions or ideas? Where can I leave them?

All this best goes to the reddit feedback thread you always will find here: http://feedback.banano.how
Feedback is highly appreciated, and if you have great ideas, time, or special talents, you should also post there, join us and contribute!

Anything else important to know?

Yes! Be cautious! No official or dev will ever request you to send Banano or other crypto, or ask you for a password or your seed. Keep your seed safe! Be careful about scammers impersonating to be devs, team-members or official mods. Also, always be cautious about people offering you to buy Banano, only trades through the escrow bot in the Discord (#jungle-bazaar) are safe! Be careful, scammers are everywhere. Ask one of the moderators in case of any doubt!
Ok, that should be the essential part for now. Any suggestions/updates? More questions? Comment below!
Big thanks to the great meme artist CastrosBallsack for helping to create this FAQ.
Last update: 2018-10-01
submitted by howtobanano to bananocoin [link] [comments]

Gonggrabber's ARK Video Contest: Thanks, Compliments, and Next Steps (Spoiler Alert: You Can Earn ARK!)

My Videos

Here is my winning entry of Gonggrabber's ARK Video Contest!
Here are my other entries:

Introduction

Firstly, I'd like to express my deepest thanks to the ARK community and beyond for supporting me in winning the video contest. I'd like to give an extra special thanks to gonggrabber for doing two things (on top of putting together a great contest):
  1. Awarding ARK to all accepted entries. This move gave participants a boost of confidence to take part and put out some really great stuff. I had withheld my comments on videos during the campaign to prevent showing any bias, but believe this, that silence is breaking today. I was thoroughly impressed with so many of the entries and everyone will hear those thoughts today. If accepted entries receiving ARK had not been a thing, I likely would not have made an entry. In a winner-take-all environment I would not have felt comfortable competing directly against the very community members I'm sworn to support. With all accepted entries receiving ARK, it made me very happy and comfortable participating.
  2. Allowing everyone to participate including team members. As a long time community member turned team member, I have the unique challenge of occasionally struggling to feel included in various community activities such as contests like this. As a team member, I must watch my words more closely now and avoid doing things like endorsing specific delegates, for example. Having the opportunity to participate in this allowed me to express myself creatively and my love for ARK, and gonggrabber will always have my biggest thanks for this.
Here's something else you may not know about gonggrabber. GG's been in the ARK community far longer than I have, and has been on this Subreddit for a long time. GG is not afraid to stand up to skeptics and naysayers with a signature approach being "what are you doing to help." Reading GG's comments have helped me through darker times in the Crypto Winter, and I have always felt all the more proud and confident with ARK due to GG being here.

Next Steps: Time to Earn ARK!

Now that the contest is over and winner declared, it's time to put the community to work spreading the word! So, because I have won, and in the spirit of gonggrabber's quote "I'm putting my money where my mouth is," I will be awarding a portion of my ARK winnings to the community in exchange for promoting the winning video. Here are the things I will be looking at regarding video promotion with instructions on how to get my ARK. There is a limit of one reward per person per method. Any action taken before this post got posted doesn't count. All rewards will be delivered to you via Delegate Cryptology's ArkTippr Reddit Tip Bot.

All this promotion will be for the winning video entry.

Retweet With Comment
What you need to do: Retweet this specific tweet with a comment about what you thought of the video. You can also choose to tag some people you think would like it.
What you will get: Direct message me in Twitter to @ArkStickers and tell me your Reddit username. You will receive a free code for an ARK Stickers pack, delivered anywhere in the world!
Tag Friends on Instagram
What you need to do: Follow @ArkEcosystem on Instagram. Locate this Instagram post and tag three friends in a comment, who you think would like the video.
What you will get: Send me a private message on Reddit before you do it, then I will see you do it and give you 3 ARK.
Send an Email
What you need to do: Send an email to some people you think will enjoy the video. You should use "BCC" if you are sending one email to multiple people, and make the recipient be to yourself. This will hide the email addresses of your friends so they can't see each other's emails, as a courtesy. If you don't know what BCC means, ask me before you send an email.
What you will get: BCC me also in the email, then send me a direct message on Reddit. I will give you 3 ARK.
Alert Crypto Youtubers
What you need to do: Throw a Youtube comment on your favorite crypto youtuber's channel, letting them know what you think about the winning video and you think they would like it. For spam reasons, I don't think you should put a link in there. Just tell them to check out my youtube channel "Ark Stickers" and they can watch it.
What you will get: Before you do it, send me a direct Reddit message first. If they reply to your Youtube comment in any way, let me know and I will give you 5 ARK.
Score Me an Interview on a Crypto Youtube Channel
What you need to do: Figure out a way to get a crypto youtuber to contact me in some way (Reddit, Slack, Discord, Email). I want to be a guest on their show and talk about the video, the contest, our community, and what ARK is all about.
What you will get: Send me a direct message on Reddit to let me know who will be contacting me shortly. After the interview is executed, I will give you 50 (fifty) ARK. I will continue giving you 50 ARK for each channel you get me an interview for. No limits on this one. I also do not care how big or small their channel is. One note: if I have to pay to get on their show I would not be able to do that.

Ask any questions in the comments of this post. I will continue to run this program until the portion of ARK I have set aside for this is gone. At that point, I will seek other ways to potentially keep this program running. Good luck!

Honoring the Participants

I have a lot to say about the videos featured in this contest, and even more to say about the talented community members we have here at ARK. I will now personally applaud and thank the community members who participated, showing them how glad I am to have them here.
Azure-Infinity. Developing on ARK, ARK Dynamic Fees, ARK Community Commitee, ARK Delegate Types, ARK Hackathons*.
When it comes to participation in the ARK community, Azure-Infinity appears to be in perpetual beast mode. AI has a keen grasp on media creation as well, both still and motion. AI's dedication to ARK cannot be argued, and I see AI participate in multiple ways within the ARK community on a regular basis. AI is also a proud member of the ARK Community Committee, collaborating directly with me on helpful community resources. AI had a lot of great things to say during 30 Days of ARK as well. I enjoyed a lot of things about each of AI's entries, but I especially liked the hackathon video, which combined live footage from youtube.ark.io with explanations and clean graphics. I can't wait to see how else AI will enrich our community throughout 2019. A sincere thanks for your participation here.
Zzzoem. ARK on the Go.
Z's video puts a crisp perspective on everything ARK has to offer from the point of view of a mobile user. Uplifting music and well-paced content with quick-to-understand "tooltips" take the viewer through what it's like interacting with ARK products. I was especially impressed with the fluid transitions, from Mobile Wallet > Explorer > Voting > ACF > Call to Action really produced a beautiful result. Impressed.
Ledgerdary. SmartBridge Technology & ACES, IPFS.
Aside from having an awesome username that is nothing short of legen... wait for it... dary, Ledgerdary is around here on the subreddit and always has supportive and thoughtful comments ready to fire. Ledgerdary also participated in the 30 Days of ARK and is obviously very knowledgeable on ARK. I was very pleased to see L also participate in this contest, as well. L's videos lay out complex concepts in a simple way, which is one of the reasons why I liked the videos. Thank you for making them!
TheDevils4dvocate. ARK DPoS, ARK IPFS Hype Video.
Let's get this straight first and foremost. I really liked the music choices of both of these videos, the throwback tech-corporate style of the first, and the pure fun hardcore choice of the second. As someone who does (albeit amateur) voiceover work, I was pleasantly surprised to hear informative voiceover work on the first video. I also really enjoyed how TDA slowly transitioned the viewer from Bitcoin to ARK concepts, kind of like entering a wavepool instead of just jumping off the highdive. The second video is hilarious, worth watching just to see the 'hacker' get comepletely brickwalled by ARK. Cheers- I enjoyed the videos a lot.
Fakoshi. ARK Push-Button Blockchains, ARK Pay, ARK: Get Involved, ARK Explorer, ARK Subreddit*.
I saw Fakoshi join the ARK Subreddit, and our little corner of the Reddit woods is better for it. Fakeoshi's positive personality is similar to Ledgerdary's and others here. If I recall correctly, Fakoshi also helped out with comments for 30DOA and provided some great insight on ARK concepts. F's videos are light, easy to digest, and give you time to think. I especially liked the concept of an entire video all about getting involved with the project. I'm very glad you are a member of this community. Thanks for your efforts here!
Travis-DJSelery. The ARK Crypto Podcast.
Travis is ARK.io CMO. Travis does ARK interviews, works with ARK partners, and handles a lot of things behind the scenes. I traveled with Travis to Vegas for the World Crypto Conference and Poker Tournament, and it was great hanging with Travis in real life and watching him do his thing. He also has a great sense of humor, as you will see in his video about The ARK Crypto Podcast that I host every week at https://thearkcryptopodcast.com. The video definitely got a laugh out of me. Thank you Travis for all you do!
Crypto_Mining. Long Format ARK Overview.
Crypto_Mining has a Youtube channel and following. CM produced a longer video, outlining ARK's strengths and benefits in specific detail, with focus on interoperability and the ARK delegate landscape. I'd like to personally extend a lot of thanks to CM for his entry and involvement in the contest. CM even took it a step further by interacting with his network of followers, teaching them about ARK and getting them involved in the contest voting process. CM proved a formidable opponent, but more importantly, an ambitious person who took real steps to get the word of ARK out there. A special thanks for your involvement and thank you for making the video!
0bran. How to Find and Vote for a Delegate, ARK SmartBridge Explained*, ARK SmartBridge*.
0bran produced some great content for this contest. The first video struck me due to how downright useful it is. I could definitely see my younger brother being able to follow these instructions and successfully vote. I also loved the music choice. It's peppy and chill at the same time. 0bran's videos have a slightly different aesthetic than others here, using the ARK.io visuals (even notice it's a motion loop). Nice! The videos were refreshing and I'll say again, useful af. Cool transitions too! Great work.
BroadcastJunkie. How to Send ARK Fast.
BroadcastJunkie runs ArkForIT.com, where you can spend ARK on professional infotech services, right now being enterprise-grade antivirus software. BroadcastJunkie is also very active here on the Subreddit, and never fails to lend a helping hand to assist the community. Aside from this video, showing how easy and fast it is to send ARK, BroadcastJunkie also made a full Desktop Wallet v2 walkthrough video earlier this year. It's really nice and even shows how to verify the hashes of the download, in the interest of your security. I'm very glad to have BroadcastJunkie with us. Cheers!
pl4tf0rm2. ARK is Cool!
Watch out Azure-Infinity, platf0rm2 is apparently becoming a growing force within the ARK community! P is very conceptually creative, and it definitely shows in the video. The entry is as uplifting as it is entertaining. I definitely laughed at a few of the funnier parts. I also really enjoyed the ARK "Deal With It" graphic. Very cool. The little asterisks are great. "Results may vary considerably." Gold. The community also spoke through a lot of votes on the video. I can only assume that P had done some campaigning as well. It was great having P be a part of the contest, just as they were a part of 30 Days of ARK as well. Two thumbs up! Thanks for being here in the ARK community.
johnblockchain11. ARK.io (Hax0r Style)
Yes! This is my jam. A short video with a unique aesthetic compared to others here. Perfect blending of ARK.io visual assets and motion effects. I thought it was really really cool. If I had seen something like this not knowing of ARK, I'd definitely be curious to learn more. Definitely worth checking out the vid. There are a lot of reasons I like this video, and it's like a "dark theme" of an ARK video. Thanks for making!
ChooseArkChooseajob. ARK Mobile Wallet Walkthrough*
CACAJ isn't posting daily in the Subreddit, but I definitely see consistent action over the months. CACAJ is definitely repping the concept of participation in the ARK Ecosystem in full force, even through the username itself! CACAJ also participated in the "Describe ARK in One Block Time" contest and had a great entry there too. One thing I like about the video is it gives the viewer a good sample of what it's like interacting with the mobile wallet. I especially liked the step by step process of adding a custom network like Phantom. I noticed none of your entries were in the accepted list, so please contact me in Reddit direct message if you see this ;)
saeedanwar92. ARK Overview*.
From my experience on this Subreddit, welcome! You seem to be a new face around here. I'm glad you made a video. It shows in a simple and direct way what ARK is about. It's a shame it could not fit into the 25 slots. Please contact me in Reddit direct message if you see this ;)
0toierance. ARK Interoperability*.
As a forging delegate, 'del' helps secure the ARK network, processes transactions, and even runs a faucet that awards ARK to its visitors. Another video with voiceover! Nice! I also really liked the stars backdrop. It goes without saying that delegates like del and the rest are a tremendous asset to the ecosystem. Thank you for all you do here del! I noticed none of your entries were in the accepted list, so please contact me in Reddit direct message if you see this ;)
pssf84. ARK Overview*.
Hi, pssf84, welcome to ARK! I thought your video was informative and fun. Another unique aesthetic, too. It definitely achieves the goal of making blockchains seem less scary, which is a goal of ARK as well. I liked the friendly music and seeing the kid receive a trophy was pretty awesome. Thanks for making your video! I noticed none of your entries were in the accepted list, so please contact me in Reddit direct message if you see this ;)
smuorfy. ARK Paper Wallet*.
A nice entry detailing the procedure to securely generate a paper wallet for ARK. The graphics were cool, the text-to-speech voiceover was amusing but also extremely concise and informative! "Paul" is resting easy knowing his ARK is safely sitting in cold storage now. I also noticed that it seems this was the only entry pertaining to the paper wallet. I really appreciated that the paper wallet was highlighted in this contest with detailed steps on how to generate and use it. Thank you for this entry! I noticed none of your entries were in the accepted list, so please contact me in Reddit direct message if you see this ;)

Once again, many thanks to everyone who was in the contest and our killer community. Cheers!
submitted by doubled1c3 to ArkEcosystem [link] [comments]

NimiqTipbot How-to and FAQ

What is NIM/Nimiq?
Nimiq is a cryptocurrency blockchain that aims to be the best performing and easiest-to-use decentralized payment protocol & ecosystem. Similar to the design of Bitcoin but with many improved different factors, it is written from the ground up in Javascript (the most dominant language of the web). NIM is the virtual currency for the Nimiq blockchain.
What is the NimiqTipbot?
The NimiqTipbot is a tip bot that enables the sending and receiving of the NIM currency using the Nimiq blockchain. The purpose of the tip bot is to introduce new users to this amazing cryptocurrency and demonstrate how value can be easily transferred in a decentralised manner.
The tip bot works by keeping a unique personal wallet for each Reddit user. This means that you need to deposit NIM into your own designated wallet before a tip can be made. Once your account has NIM in it, you can then tip other user's by replying to the thread or comment of the originating author by writing +X.XX NIM e.g. +0.03 NIM.
Commands to make deposits, withdrawals or check balance are available by sending a message to NimiqTipbot using these links:
Deposit - Receive instructions to see how to make a deposit to the NimiqTipbot account
Withdraw - Withdraw Nimiq from your tipping account. You must put the address you want to withdraw to and the amount of Nimiq in the message. Create your own wallet at http://safe.nimiq.com/
Balance - Check the amount of Nimiq you have stored in the bot.
If you don't have any NIM, you can get some free at: https://nimiq-faucet.surge.sh/
You an find out more about Nimiq at (https://www.nimiq.com)
If you would like to support this initiative you can make a donation to NQ52 BCNT 9X0Y GX7N T86X 7ELG 9GQH U5N8 27FE
Disclaimer: The tipbot is a community run project, you should always secure your own NIM funds with a wallet you own the private keys to. For more information check out the Nimiq Safe on how to secure your own NIM wallet!
submitted by NimiqTipbot to NimiqTipbot [link] [comments]

Free ReddCoin Giveaway! Celebrating 3,000+ subscribers & becoming the 4th largest Crypto Reddit Community all in a months time!

Hi fine gentlemen & ladies of /CryptoCurrency! /ReddCoin is giving away free ReddCoins to everybody here!
Yesterday (3/11/14), /ReddCoin officially hit 3,000+ subscribers. This made /ReddCoin the 4th largest crypto Community on Reddit!
As of 3/12/14 8:00 PM ET Time:
Best of all, /ReddCoin has only been open to the public for a little over a month opening on 2/2/14!
To celebrate - We are giving away free ReddCoin to everybody here! Join in on the fun!
For more information on ReddCoin:
ReddCoin's progress since 2/2/14:
Projects in progress:
"Isn't ReddCoin pretty much a Doge clone?" - Nope.
"Is ReddCoin Reddit's official coin?" - No. ReddCoin is not affiliated with Reddit. In related news, someone did create a RedditCoin & yishan (Reddit's CEO) threatened them with legal action.
Edit: formatting
submitted by GMCSierraDenali to CryptoCurrency [link] [comments]

BITCOIN Analysis since 2012

::Bitcoin is dead, long live Bitcoin::
I've been in crypto since 2012 and we are due another correction before reaching all time highs or a new bottom, this is nothing new to me. However, this is the first time the community has rivaled bitcoin for the crown with a potential successor. This is all new territory for all of us.
Take that how you will, but regardless of the attempted overthrow, either way btc was and is due a correction.This would have happened no matter what as many bought in expecting free b2x. This doesn't mean the end is near, but a chance for cheaper coins and a growing market. Now on to my analysis since my time in crypto since 2012.
::Community Wars::
Back in 2012 the crypto community was smallish and growing fast and extremly supportive. These people built the tips bots and faucets that set a standard for all growing coins and communities today. If a business accepted crypto we swarmed and supported it. We held conferences worldwide and many donated their time to help there, and spread the word on the new tech. My point is it started off very friendly and welcoming, if you want your coin to succeed you need that welcoming friendly positive community vibe. We also didn't take bad news to heart because we generally believed in the technology and vision of Satoshi. That white paper changed the world, period. Taking the power away from banks and putting it back into the hands of the people. Imagine worldwide monetary equality, people all over the world need this, my dollar is worth the same as theirs, crypto fixed this humanitarian ineqaulity. Please don't let greed ruin that original intention.
::BTC VS BCC::
Now on to BTC vs BCC, or so the community is acting. Competition is good because it breeds innovation and a coins flaws can only hide so long as they aren't big enough to face the "Trial by fire". There will NOT be "one coin to rule them all", there will be atleast five to ten cryptos used for day to day transactions as a "currency" alone and probably hundreds of thousands more as each company decides they want their own coin instead of gift cards. All of the cryptos will be on separate blockchains and atomically swapped with the same general concept but detailed to the users desire based on speed, fees, privacy etc. Some of these will be used for inventory purposes and you will never know they exist or that you just used one. Consider crypto a computer handshake of trust. It is looking like BTC could just be a store of value like gold and BCC could be used p2p small transsctions and hopefully quick settlements. Point is there will be more cryptos than you will be able to remember, but they will all be swappable. So don't trade just hodl and wait, you are at the beginning of the future of tech and money.
::Technology and Efficiency::
We are still far off from unseating visa transactions per second so why are all of you so eager to jump into second place? When this is adressed then crypto can fight itself, untill then its best to work together to get to the most efficient crypto possible. For intro into mass adoption sake its better for all of us if its bitcoin or Ether because of name recognition and trust reason with new comers. People are still learning to use apple pay and samsung pay so it's going to take a minute until the apps are built to take us to that level of ease of use and efficiency. If it's not easier than waving your phone over a kiosk or swiping a visa card then we haven't done our job correctly "yet".
::Safety & Security & Regulation::
People need to feel like their money is safe, we are not there yet. The majority of public cannot be bothered with how time comsumming crypto is because they have a full life and need the safety of a bank and insurance from theft, this week alone we have watched Parity effects millions of dollars proving we are not there yet and need better tech developed around crypto. In a busy world with small attention spans, work, family and pets, we cannot expect the public to be as cautious as most tech savvy people are, they need to be protected with apps and tech that secure their personal info and make the process simple. Simplicity is the key, banks made the process easy, that is why people are ok with their money being controlled, people just don't want to have to worry.
Also we need a form of insurance, like FDIC insured incase of theft, there is no way around it if mass adoption is going to happen. No one will put all of their families money into something that isn't safegaurded from theft and insured. This may just mean crypto insurance through crypto debit cards, who knows, but we need something. That's where regulation can be a good thing. Not regulating crypto itself but ICOs who have scammed millions of new adopters and even veterans of the crypto world. They need to be controlled to keep the community safe and clean up its image.
We are in the wild west of crypto, remember, this was never about money, it was about making the world a better place. Satoshi used a fake name for a reason, he/she/they took on the worlds governments and banks with this disruptive technology and very well put their life at risk in doing so. Money is power therefore, this tech reverses a long lived power struggle between people, government and the banks that are beyond the government's control. Crypto will change the world, it will make it a better place, it will redistribute wealth. We will leave the world off better than we found it thanks to that one single whitepaper. Let's try to keep this all in mind. Have a good day.
TL;DR ::Bitcoin is dead, long live Bitcoin::
submitted by Crypt0niite to CryptoCurrency [link] [comments]

If anyone here is trying to, or wondering if they can make money from Bitcoin Faucets - Don't. They're a waste of time.

What are Bitcoin Faucets?
If you’ve researched making some beer money online, you’ve probably heard of Bitcoin faucets. Bitcoin faucets are websites that pay you in Bitcoin when you fill in a captcha (to prove you’re not a bot) and refresh the page. You generally need to hit a limit of earnings before you can withdraw.
Faucets make money from you viewing the advertisements on the page, and pay you a portion of what they earn. Many people start off thinking that it’s a way to earn money to pay for small things on the side, but are they worth it?
Can you earn money from them?
The thing you need to realise is that no one is going to just give you free money, and the amount that these faucets earn from advertisements is pretty small. The best paying faucets will generally only earn you $1-$2 per week depending on how much you use them.
There are plenty of smaller faucets, but none of them are going to pay well. Their only interest is to entice people in with promises of earning, but the only people that earn a decent amount from faucets are their owners, or people who manage to convince others to use their referral links and promise them that they’ll make money. If anyone’s telling you that a Bitcoin faucet pays out well and then sends you a referral link, you can safely assume that it doesn’t pay well, and that said person is only trying to use you so that they can get a payout themselves.
The limits that faucets set on withdrawal are to encourage you to spend more time viewing their advertisements. If you invest time in to these faucets before realising that they aren’t worth it, you’re more likely to keep using it so that you can reach your minimum withdrawal. It’s a smart move by the faucet owners, but it is completely exploiting you and your distaste for sunk costs.
On the other hand, there are some uses for Bitcoin faucets. They’re generally reasonably quick to make a few pennies, so if you need to hit a certain amount of Bitcoin to withdraw or exchange and you’re only a small amount short, you can quickly use a faucet for a bit to just top up your balance and tip you over the edge. Don’t forget that the price of Bitcoin can always rise, so technically your small amounts could be worth a bit more if you save them for the bitcoin faucetsfuture. Also, if you’re savvy, you can potentially set up your own faucet to earn some beer money, but don’t expect to make anything serious from it. Most people have already realised that they can’t make anything decent from them, and they’re dying out.
TL;DR
To conclude, Bitcoin faucets are an absolute waste of time if you’re trying to earn money from them. They’re only worth using if you just need a tiny bit of Bitcoin to hit the minimum withdrawal for something. Faucets will cost you more in electricity usage whilst you use them than you’ll receive from payouts.
You could earn much more money by using other methods instead of spending your valuable time trying to make tiny fractions of money from these faucets. Make sure to check out the other articles on this site for ideas, they’re all successful, tried and tested ways of earning money online that don’t try to exploit you like Bitcoin faucets do.
If you’re interested in Bitcoin, make sure to check out this post on how I turned $40 into $400 by trading cryptocurrencies!
If you’re looking for a good exchange to buy or sell Bitcoin, I recommend CoinCorner, where you can buy/sell BTC instantly. I’ve received nothing but great customer service from them, and they’re by far the best Bitcoin exchange I’ve used.
Copy-pasted from this post: http://www.makingmoneyontheinternet.co/making-money-from-bitcoin-faucets/
submitted by AlcoholicGeologist to beermoney [link] [comments]

Exchange your Karma for Bitcoin! (Reddit Bitcoin Faucet)

Update: See all the bot commands here.
Update: The bitcoins will be sent to your bitcointip account. You don't have to get another bitcoin address.
If you're a Redditor who has heard about bitcoin, but maybe weren't quite sure about what it is or how it works, this gives you a couple cents worth to play with. This'll let you have room for making mistakes and learn to secure your bitcoins without risking a large amount.
 
 
To avoid abuse of the system, you must have at least 100 comment karma.
If you don't have enough karma, try this bitcoin faucet: https://freebitcoins.appspot.com/
If you don't want your bitcoin, please send it back to the faucet so others can try it out. Send it to: 13x9weHkPTFL2TogQJz7LbpEsvpQJ1dxfa
submitted by NerdfighterSean to Bitcoin [link] [comments]

Simple guide on how to make money if you have 0 in your wallet

HOW TO MAKE MONEY EASY GUIDE Have you ever wondered about what cryptocurrency is and how to get profit out of it? But you don’t know how to get involved into it and get profit yourself? If so, the following information is must read for you. If you don’t know what cryptocurrency is but want to get an additional 50$ a day in your wallet the following information is especially must read for you! Before we get started it is all ABSOLUTELY FREE! YOU DO NOT HAVE TO INVEST YOUR MONEY! AFTER READING THIS YOU’LL GET YOUR FIRST PAYOUTS IN 10 MINS! So how does it work then if you don’t invest your money and get profit? There are lots of specialized web sites on which companies make their advertisements. This sites are called “faucets”. Advertisements are not free so the companies pay to web site owners in cryptocurrency. In order to get profit out of advertisements web site owners have to arouse interest to their site. So they distribute the company’s payment gets between all the site users as a potential customers for a company’s product (you). To make it clear: yes, they give you money for visiting their web site. In order to make sure that you are a real person, not a bot you’ll have to solve “captcha” (type numbers from the picture, select pictures with cars etc.), this doesn’t take any effort at all. After you’ve solved captcha the amount of coins adds to your account’s balance. That’s where you get paid from. But that is not it. You can multiply your account by playing HI-LO dice. There are 2 strategies that will help you win and multiply your account’s balance without risking to lose it. By using these strategies you can easily make 50-100$ a day doing nothing. To make them work you must already have a decent amount of coins on your balance. It usually takes few days to farm them. So we’ll get to these strategies later. Also you can mine an additional amount of coins using your phone, PC or tablet. It uses CPU of your device. All the mined coins go strictly to your account’s balance. As I said before there are lots of “faucet” sites but some of them are scams and virus sites or just not user friendly. Based on my experience I’ve listed the most profitable non-virus, user friendly sites with stable payouts. All of them are listed down below. Ok, now when we’ve figured out what it is and how it works let’s get started! Step 1: You have to make your cryptocurrency wallet. It’s like Webmoney or Paypal but you store your crypto in there. Go to blockchain.info and create your bitcoin wallet you need it in order to get registered on the following sites and receive your payouts. Also it just will be useful for you in future. Step 2: Get registered on the following sites. I made a description to them for you to get used to it and easy your life. qoinpro.com – One of the best sites. Registration might take a while but it totally worth it. Once you registered you’ll receive your payments every day and you don’t even have to visit the site. It automatically generates more than 10 currencies to your account. freebitco.in – One of the oldest and the most user friendly sites, stable payouts. You can get bitcoins by solving the captcha once per hour. You can get up to 300$ an hour and multiply your account’s balance by playing HI-LO dice which I’ve described before. You can withdraw your coins whenever you want into your wallet (the wallet described is Step 1). freedoge.co.in – Analogue of freebitco.in but to withdraw your money you have to create a wallet on my.dogechain.info . dicemine.com – The most profitable site. You can claim your coins twice an hour by solving the captcha and playing Roll dice game. Very user friendly. You can easily multiply your account’s balance by playing HI-LO dice game up to 250$ in just a couple of weeks. In order to withdraw your money you have to create a wallet on mymonero.com . moonb.ch – Automatically generates coins once you’ve registered. You can claim them whenever you want by solving the captcha. Bonus programs which increase the amount of generated coins. To withdraw your coins you have to create a wallet in here coinpot.co . 3btc.org – You can claim 1 of over than 15 coins on your choice. I recommend to choose one of that you’ve already claiming (BTC, ETH, XMR, DOGE). And withdraw them to the wallet that you’ve already created. kopilka.puteved.ru – Another very profitable site. All you need to do is rate an article on your choice every 100 mins. You can get an additional coins by writing your own articles, writing comments and sharing on social media. To withdraw and register your account use your blockchain.info wallet. Step 3: Once you’ve withdrawn your coins to your wallets what’s next? How to get $ out of it? In order to make $ you have to exchange your crypto coins into whatever currency you want (USD, EUR or something else). You can choose any bank you want and any payment method you want. I can suggest you bestchange.com . It simple, stable and easy to use cryptocurrency exchange. Or you can just type in your browser “cryptocurrency exchanges” and choose one you like more. NOTE! MAKE SURE TO STORE ALL YOUR PASSWORDS, ACCOUNT DETAILS AND WALLET ADRESSES IN SOME SAFE PLACE SO YOU WILL NOT LOSE IT. AND JUST IN CASE PRINT OR WRITE THEM ON PAPER. THAT IS THE BEST WAY TO SAFE YOUR INFORMATION. Ok, that’s it. Now you are ready to make money. The description of 2 strategies on how to win in HI-LO dice game and how to multiply your account will be here soon. So stay tuned. If you have some questions or troubles to get started – make sure to write me a message. https://facebook.com/Artemiyaverchenkov
submitted by ArtemiyAverchenkov to u/ArtemiyAverchenkov [link] [comments]

The 🐳 1000 dollars twitter giveaway

the 1000 dollars twitter contest
Today at 05:29:26 AM
   #1
Please retweet and follow me Here is the contest
https://twitter.com/larry17816139/status/939341918026248192 The bot is here The Beginner License is the perfect license for inexperienced traders who want to learn how to utilize Haasbot’s basic features. The Beginner License is also ideal for traders who have not previously used any bitcoin automation tools and want to get a feel for how the software will work for you. The Beginner License is limited by the types of safeties, indicators, insurances, and can only run 2 of each bot type at one time, for a total of 8 bots (2 of each). Beginner License
0.05BTC 3 Month Period Maximum Trade Bots: 2 Maximum Arbitrage Bots: 2 Maximum Order Bots: 2 Maximum Script Bots: 2 Beginner License Safeties Beginner License Indicators Beginner License Insurances Candlestick Patterns Excluded Web Server Interface Included API Access Backtesting Included Auto-Tuning Included
The casino system
Have you been looking for a Bitcoin gambling script? If so, you are on the right page to end your search. Our Bitcoin Gambling Script comes with provably-fair dices, multiple interactive games, a Bitcoin faucet and user interaction options including forums and a live chat for your users.
Bitcoin Gambling Script is safe and reliable, with a provably fair algorithm for masses. The script is based on a strong and high performing framework, the same used at our other scripts; this makes code easy to edit. Expect reliable support and bug-less code to drive your next website to heights.
The script's highly optimized for faster execution, uses clean and secure code, along with a decent admin-panel for management of day-to-day affairs of your website. The script is fully featured and easy to use. The script further contains instant payouts (payouts right when user clicks Withdraw button), and mass-payouts (auto-pay everyone with one click). The script contains one of the strongest anti-bot and multiple account system in the industry. That's true, we take multiple measures to stop bots and multiple account users.
Our Bitcoin gambling script is vested with bullet-proof security, and uses CoinPayments API for payments. The script also contains a referral system to help your faucet grow beyond borders easily, and Satoshi Snakes to help you to generate your impressions and earn more ad-revenue. The script is also built on Bootstrap, so expecting a brilliant UI won't be a mistake.
The script also comes with great features to promote user activity and engagment. The script contains a chat-box so that your users can communicate effectively, generating more impressions and interaction, and user engagement. The script also contains a Contact form so that your users can stay in contact with you. You can also use the in-built forum system for mass public interaction. Forums further allow you to interact with your users in an effective way, and generate more ad impressions to increase your earnings. You can easily maintain the site with our fully-featured admin panel which contains ability to change settings, manage accounts, perform withdrawals and other necessary functions.
Key Features Included:
Bitcoin Faucet Satoshi Snakes Fortune Hunter Roll Dice Hi-Lo Dice Lottery/Raffle Other Important Features Included:
News Page Forum Page Contact Page Admin Panel Verify Rolls Page Everything In The Nutshell:
Bitcoin Gambling script is easy to use and stable. Expecting high-performance wouldn't be a mistake. Who prefers gambling without provably fair algorithm? No one. It's provably fair, and safe. No hacks, no bots. Script's source is easy to edit, and goes easy on your eyes. No poorly developed code. Let your users deposit and withdraw instantly with integrated CoinPayments API. Increase your activity and revenues with our in-built faucet. It's well proven, and safe from bots. We promise. Let your users spend their boring time with your Satoshi Snakes game. Pay them for each block collected, build your site's activity. Let your users roll dice and let your users win random amounts - this builds activity and trust. Provably fair! Let your users bet, and test their luck. This is all provably fair! No trouble for you! Let your users test their luck! Set raffle contests and accumulate huge amounts of deposits to your contest! Sounds cool, right? Your users can build automatic bots to bet at the games. We've a decent API for your users. Give your users a voice! Let them interact at chatting room and forums! It's well trusted, hugely used and is considered one of the best scripts in the industry. Webmasters have noticed a decline of 90% in bot activity at their sites after switching to our script. Box Contents:
Four provably fair dice games Multiple other games Raffle and lottery contests Faucet Chat and forums Free updates Great support
The faucet site Have you been looking for a Bitcoin faucet script which comes with a proper anti-bot protection? If so, you are on the right page to end your search. Our Bitcoin Faucet Script is stuffed with the features you seek to kickstart your faucet on the interwebs. Our Bitcoin faucet script includes marvelous features like robust anti-bot protection, anti multiple account protection, live chat and forums to enhance the user activity.
Bitcoin Faucet Script is safe and reliable, and is built for masses. The script is based on a strong and high performing framework, the same used at our other scripts; this makes code easy to edit. Expect reliable support and bug-less code to drive your next Bitcoin faucet to heights.
The script's highly optimized for faster execution, uses clean and secure code, along with a decent admin-panel for management of day-to-day affairs of your website. The script is fully featured and easy to use. The script further contains instant payouts (payouts right when user clicks Withdraw button), and mass-payouts (auto-pay everyone with one click). The script contains one of the strongest anti-bot and multiple account system in the industry. That's true, we take multiple measures to slay bots and multiple account users.
Our Bitcoin Faucet script is vested with bullet-proof security, and uses BlockTrail API for payments. The script also contains a referral system to help your faucet grow beyond borders easily, and Satoshi Snakes to help you to generate your impressions and win more. The script is also built on Bootstrap, so expecting a brilliant UI won't be a mistake.
Games Included
Coin-Flipper Grid-Game Guess the Number The script also comes with great features to promote user activity and engagment. The script contains a chat-box so that your users can communicate effectively, generating more impressions and interaction, and user engagement. The script also contains a Contact form so that your users can stay in contact with you. You can also use the in-built forum system for mass public interaction. Forums further allow you to interact with your users in an effective way, and generate more ad impressions to increase your earnings. You can easily maintain the site with our fully-featured admin panel which contains ability to change settings, manage accounts, perform withdrawals and other necessary functions.
Our Bitcoin faucet script is your best choice for starting your own simple, fully-featured, secure Bitcoin faucet. It's not only a Bitcoin faucet script, but also a Swiss Army Knife. Every month, we add more features to keep it one of the strongest Bitcoin faucet script on the web. You can also ask us to make addons for your faucet at an additional cost.
In a Nutshell
Robust, flexible, secure and easy to use. High performance, beautiful code, and efficient. Contains News system. Contains Gaming system. Contains Contact form. Login/Register based website. ReCaptcha and SolveMedia captcha to slay bots. Secure anti-bot system. Bans bots and multiple accounts automatically. Profiling system. Chating system. Uses BlockTrail for payments. Includes forums to generate more impressions. It's well trusted, hugely used and is considered one of the best scripts in the industry. Webmasters have noticed a decline of 90% in bot activity at their sites after switching to our script. Box Contents
Multiple games Faucet Chat and forums Great support
submitted by backalleybitcoin to u/backalleybitcoin [link] [comments]

Update on dice sites with faucet grind. With an easy way to make .25+ per day! Details/pics inside.

About 3 weeks ago I posted this thread about Primedice. So here is some details about the grind since then with a few pics:
I've withdrawn .2 btc from PD since I started and moved .1 btc over to gambit by tipping it to a friend and him giving me the funds on gambit. I'll make a new thread about Gambit shortly. I've posted about it here in the past.
I mentioned in my past post about Primedice that they allow "bank accounts" to store funds so that one can practice some bankroll management. Here's a pic of my current bank account on PD.
999dice -
Ref
Non Ref
Yesterday I found 999dice and deposited .15 btc. I had to use a script to bet 200 times twice every second as that is the limit of the site. In under 24 hours, I've done .22 profit!
Here is a picture of my settings for the bot.
I also told one of my friends about this and he is doing the same thing I just mentioned and here's my commission so far.
I never deposited anything out of my personal bitcoin wallet. I built all this up by using the faucet on Primedice and getting tips.
PrimeDice
Ref
Non-Ref
So, while just playing around the last few months I built up a base from scratch and have found a decent way to make .25 btc per day. Both PD and 999dice have faucets, so you can use both to build up. I would recommend being friendly in the chat on PD as they tip 50k sats pretty often. Make a bank account and safe. The ultimate goal is to get .15 btc onto 999 dice and run the bot.
I'll answer any questions and report back in a few weeks with my progress!
submitted by kajunkennyg to beermoney [link] [comments]

SCAM PAGE BITCOIN 2015

If You Feeling Gorgeous You Can Donate.: 3DVWAbkfT73kizo4F8bb25WwWrPxoPqVsv ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== hello
this thread is to notify all sites in this board. i play these hyip games very often, and i have a good understanding on how it work, who is scam, who is not. I have play hyip for over 2 years, i know which one will last long, and as a result my investment usually result in profit. i will post status of hyip, if i have invested, and my rating out of 10 based on risk and lifetime. this will be the 'one stop' thread for newbie, as i was once just like you! this can be a healthy resource for this board. note: i am not a paid monitor, i do this so that people in this community are safe. i will not take payment for site listed here. i may place referral link, but not more than once every 5 sites. i rarely place referral link unless site is good.
==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ====
site types: Game: Site that state that it is ponzi/they are running a game Cloud: Cloud Mining site that state all investment go toward 'cloud mining' (90% of the time, not the case) HYIP: Sites that promise high ROI, can last long, but can close at any time! Faucet: Faucet games that let you pay for upgrades in return for higher faucet rates. These are known to be scams and yield very low ROI, be careful!
statuses: New: site is less than one week old Paying: site is over one week old and still paying users On hold: site is experiencing issues, do not invest but not yet scam Saturated: site is still recorded as paying, but the game is to old to pay new investors. Scam: site is no longer paying do not invest.
My rating are based on: - Expected lifetime - If owner has owned site before (noticeable with site script and design) - Plan offered (high roi, higher risk) - Domain/Hosting type (free, drop points) - Script (if duplicate of other site, or just html site, lower point) all site start with 5 rating points for fairness. rating reason is all under the monitor table.
==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ====
Monitor:
Type | Site Name | URL | Date Started | Accepted Currency | Investment Plan(s) | Affiliate Commission | Thread | Status | Rating Faucet | Ore-Mine | http://ore-mine.org | 28/08/2014 | BTC | 8 Levels | 6% | Thread | Paying | 7.5/10 Game | Crypto Pyramid | https://cryptopyramid.com | 16/03/2015 | BTC/DOGE | Pyramid | 49% | Thread | Paying | 6.5/10 HYIP | RobitBot | https://robitbot.com | 24/08/2015 | BTC, PM | 14% profit in 7 days | 2% | Thread | Paying | 6.5/10 Game | Iz-Nop | https://iz-nop.com | 02/08/2015 | BTC | 130% when bank can pay | N/A | Thread | Paying | 6/10 Game | CryptoFate | https://cryptofate.com | 07/10/2015 | BTC | 150% instant/30days | N/A | Thread | Paying | 6/10 HYIP | Wallet+ | https://wallet-plus.com | 19/09/2015 | BTC, PM, OK, PAYEER | 1.11%-5.55% daily | 3 level (5%, 1%, .5%) | Thread | Paying | 5.5/10 HYIP | Delta Investments | BitcoinTalk Based | 08/30/2015 | BTC | Variable (usually 2%-15%) | N/A | Thread | Paying | 5.5/10 Faucet | CoinBooster | http://coinbooster.io | 06/10/2015 | BTC | 5 levels | 50% | Thread | Paying | 5.5/10 HYIP | One1 Touch | https://one1-touch.com | 01/10/2015 | BTC, PM, PAYEER | 4%-4.45% daily | 3 level (5%, 3%, 1%) | Thread | Paying | 4.5/10 HYIP | Invest Coin | https://invest-coin.com | 09/10/2015 | BTC, PM, PAYEER | 1.03% - 2.3% Daily | 2 level (8%, 3%) | Thread | New | 4/10 HYIP | CryptoBoost | https://cryptoboost.xyz | 08/10/2015 | BTC | 30% in 30 hours | 10% | Thread | Paying | 3.5/10 HYIP | DoubleBot | https://doublebot.com | 20/03/2015 | BTC | 2x in variable time | 12% | Thread | Saturated | 3.5/10 Cloud | Sea-Mining | https://sea-mining.com/ | 13/10/2015 | BTC | 1GH/s 0.001BTC | N/A | Thread | New | 2/10
Scam sites: [Thread] SCAM: X-Value.org - Long term ponzi has now collapsed...site is offline. [Thread] SCAM: True2x.com - repeated posting, copying other thread text, not paying, not custom script. the list do not end. Do not invest here. [Thread] SCAM: x2-bitcoin.co.nf - html site (no auto script). invest at your own risk, this is considered scam (0 rating) [Thread] SCAM: Bitcoin.winspiral.net - junked with ads, 100 day plan, not an advised investment (0 rating, considered scam) [Thread] SCAM: Cointwice.in - faked payouts on payout page...typical scam script [Thread] SCAM: Coinbase Investments - posing as coinbase...no website, all deposits sent to luckybit. Scam. [Thread] SCAM: Unique-income.com - cheapest goldcoder script and free design, reported scam and not paying. [Thread] SCAM: Wiscapital.biz - reported no longer paying. [Thread] SCAM: PrimeDime.net - man was gambling with people money, and eventually he lose. Scam. [Thread] SCAM: VIPdoubler.com - multicryptos scammer, now listed in scam dictionary. [Thread] SCAM: LongTermPaying.com - recently collapsed scam. Ran with 4BTC. [Thread] SCAM: Btc-Pyramid.com - recently collapsed scam. Site is now offline. [Thread] SCAM: DigitalBit PRO - Using blockchain API, faking payouts, not recommended invest.
==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ====
my advise: - Iz-Nop fair ponzi game, do not invest to late into round, always be aware of when new round start. - Invest-coin goldcoder script and fairly new, be careful, invest small if you decide to - One1-Touch also goldcoder script and paying, promising, but keep investment at steady pace. - Doublebot saturated, not wise to invest - Robitbot is getting very big, now is the cut off for investment before the scam period is going to begin. I recommend not to invest now, it is to late! - CoinBooster seem trustworthy, but be careful as most faucet based site go scam quick. There may be hope with trustworthy hero, but never be to sure. - CryptoBoost is paying, though using noncustom script. Invest in short plans if you invest, and small amounts to make sure losses aren't to large if it goes sour. - CryptoFate is new, but eventually will become saturated or collapse. It is not sustainable even though it is a game. It is safe to invest, until 20 day mark (break even for first day loser for 5% per day). - WalletPlus is quite large in fiat investment, offering semi-stable roi. This is an ok investment, but not my most recommended. Safer than most site on the list. - Ore-Mine been online for quite a long time, and has paid considerable amount. This could be proven to be online for a long time, or sign of soon collapse. Be careful, but could be stable investment. - Delta Investments owned by an altcoin owner and quite trustworthy member. Could be trusted, as also gives stable ROI. No website with automatic processing lets the rating down. - Sea-Mining is a new cloud mining site, seem inactive admin...Be careful with this site after BTC-pyramid cloud collapse. - Crypto Pyramid legit pyramid site...6 month old, a bit late to enter the game, but investments still constant daily.
==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ====
Rating reason/warning section: - Robitbot suspected previous owner of EnlargerOK (minus 2 rating points) - Robitbot paying for 48 days, legitimate so far, though could come to a close soon (+3 rating points) - Robitbot admin still online (gain 0.5 rating points) - CoinBooster admin hero account with +10 trust (could be purchased, though +2 rating points for this) - CoinBooster purchased script, not custom (minus 1.5 points) - CryptoBoost purchased cheap, non custom script, usually used for scams. (minus 1 point) - CryptoBoost non-unique design, used many time (minus 0.5 points) - Doublebot online for months (still paying), though ponzi is saturated (no point change) - Doublebot has no design (just color text) and very basic script (minus 1.5 points) - Doublebot admin still online and answering support (+1 point) - Doublebot claim that all roi is made from "magic" (while justifying trading?) how still paying, do not know. (minus 2 rating point) - CryptoFate admitted game + provably fair alogrithm (+1 point) - CryptoFate is a ponzi that will eventually collapse, there is no plan for this time (-1 point) - CryptoFate uses custom script and design (+1 point) - WalletPlus proven paying, 3 weeks+ old (+0.5 point rating) - WalletPlus unique design, non custom script (minus 0.5 points) - WalletPlus paying, no customer issues (+1 point) - WalletPlus no admin support on bitcointalk (minus 0.5 points) - Ore-Mine online for over a year (+1.5 points) - Ore-Mine paid over 1000BTC and no scam reports (+2 points) - Ore-Mine very basic script and design, minimal UI (minus 1 point) - DeltaInvestments trustworthy admin (+1 points) - DeltaInvestments over one month old, no scam reports (+1 points) - DeltaInvestments no website, purely bitcointalk operated (minus 0.5 points) - One1 Touch unique design and paying over a week (plus 1 point) - One1 Touch goldcoders script and also has not completed one round (minus 1 point) - One1 Touch admin not active on bitcointalk (minus 0.5 points) - Invest Coin unique design and stable plans (plus 1 point) - Invest Coin online for less than one week (minus 1.5 points) - Invest Coin admin not active on bitcointalk (minus 0.5 points) - Iz-nop successfully paid two rounds no issue (plus 1 point) - Iz-nop using non-custom, publicly available script (minus 1 point) - Iz-nop admin active on bitcointalk, no scam reports (plus 1 point) - Sea-Mining admin inactive on bitcointalk (minus 1 point) - Sea-Mining offering lower than normal cloud rate (minus 2 points) - Sea-Mining less than one week old (minus 1 point) - Sea-Mining unique design and script (+1 point) - Crypto Pyramid admin active and responds to support (+1 point) - Crypto Pyramid online for over 6 month, proven legit (+1 point) - Crypto Pyramid no consumer complaints (+0.5 points)
submitted by Msikeah to Bitcoin_News [link] [comments]

Faucet Collector Tutorial Bitcoin Faucet Bot  Auto Claim ... BTC Faucet Collector Bot How to Run the bot 2019 - YouTube (Update) Top Bitcoin Faucets 2019 (100% safe and free) Instant Payout 2019 Free Bitcoin Faucet Bot Autopilot Program - YouTube Bitcoin Faucet Bot

Biggest free Bitcoin / Dogecoin / Litecoin / DASH faucets rotator list in the world. ... (if it not in the system yet), and to be aware of the characteristics of each bitcoin faucet site. We are constantly improving. Our news. 12-12-2019, 16:56 System update - FaucetHub is closed. FaucetHub was replaced with new micro payment systems, FaucetPay.io, ExpressCrypto.io and FaucetPanel.com. Some ... Bitcoin Faucet is the Original Site of the common Bitcoin Faucets. We pay the highest Amount of Bitcoins every Hour. You can claim a decent amount of Bitcoins every Hour. You can even multiply them in a fair Hi-Lo Game. Additionally you can participate on our weekly free Lottery Faucet Collector robot claims free money for you. The bot automatically visits many websites and solves all kinds of faucets. Lots of high paying faucets are supported including those that pay directly into your own wallet. The bot will claim these cryptocurrency coins automatically for you and you can customize a lot on how the bot should collect. Best Bitcoin Faucets 2017. Registration required to use the bitcoin faucet bot of FaucetHub . (payments from free faucets are for residents of the United States, Canada, Australia, Germany, England, France and Spain. AutoClickBots, auto click Bitcoin faucets, link clickers, safelist mailers, PTC, Traffic, Cash Surf, Captchas, SEO Bots. CoinCollector, CC-Builder, ASL Suite, awesome bots FreebitBot, MoonbitBot and more! Lots of autoclickers, add to cart or ask for info.

[index] [3179] [17862] [45593] [9866] [34251] [46210] [23550] [23396] [45645] [27100]

Faucet Collector Tutorial Bitcoin Faucet Bot Auto Claim ...

Close. This video is unavailable. To download BTC Collector Faucet: https://mega.nz/#!G7BGDYjK!56SzLndcIl6DmAYhAqkl9uZ_Kj8GKUu9ryR_uK2c10A Why we created this new Bot? As explained in other r... Bitcoin Faucet Bot Auto Claim Faucet Bot Earn Free Bitcoin - Duration: 7:35. Onlinechannel 12,829 views. 7:35. Bitcoin Trading for Beginners (A Guide in Plain English) - Duration: 18:48 ... The Best Bitcoin Faucet Bot & Collector is finally here! Get Epic Traffic Bot at a discounted price here: https://epictrafficbot.com Get the best residential... https://faucetcollector.com/?ref=76510 https://bit.ly/faucetcollectorSoftware For promotions/business proposals, contact me at: 👥Email: [email protected]

#