Brad need to dump some of that shit and break the SEC off something nice. Stubborn ass.
They cashed out lovely years ago ...
Looks like silver is making some moves
Folks buying that shit up...
Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
- Start date
They cashed out lovely years ago ...
Looks like silver is making some moves
Folks buying that shit up...
I was watching some crypto youtuber yesterday. He said that batshit Alex Jones been going on for years that they had more paper certificates than silver and that silver was heavily manipulated. I then seen that's allegedly why they now targeted silver. Guess even a nut can be right about some of the crazy shit in all this fake ass finance.
It's funny that the reddit guys running around calling bullshit on all this. Imagine if Americans called bullshit on the banks and all asked for some cash at the same time. Seeing as the smaller banks are now required to keep 0 percent of the money, that would bring shit down fast as hell.
And these same folks talk about the legitimacy of crypto when their entire house of cards is bullshit.
I was watching some crypto youtuber yesterday. He said that batshit Alex Jones been going on for years that they had more paper certificates than silver and that silver was heavily manipulated. I then seen that's allegedly why they now targeted silver. Guess even a nut can be right about some of the crazy shit in all this fake ass finance.
It's funny that the reddit guys running around calling bullshit on all this. Imagine if Americans called bullshit on the banks and all asked for some cash at the same time. Seeing as the smaller banks are now required to keep 0 percent of the money, that would bring shit down fast as hell.
And these same folks talk about the legitimacy of crypto when their entire house of cards is bullshit.
Sheeet they better hope ..they come through with several stimulus..seems like the more they stall.
The more the people are gonna find ways to eat..
And karma has it shaking up the market is the soup of the day...
These billionaire fucks been eating off the people lovely for centuries...
It's been only a matter of time
Time is up..
Watch what happens if they keep stalling
Going to be many more billionaires crying and copping pleas on tv
good call on thisUnlock The Liquidity Of Your Crypto Assets Without Selling Any Of It
It is still difficult to liquidate large amounts of crypto assets
We are still in the initial growth phases of the cryptocurrency market. Crypto adoption among merchants and other real-life retailers remain low. Therefore, if you want to benefit from your crypto gains in a tangible way you need to convert it back to fiat by disposing of it. This can be a time-consuming and expensive exercise, especially for larger amounts.
Selling cryptocurrencies can take anything from a few days to a few months, and, as a result, the value of idle crypto assets is expected to grow to $5 trillion by 2025.
Short-term liquidation is not only expensive but very inefficient from a tax point of view. When you sell crypto you become liable for withdrawal and bank transfer fees as well as potentially facing a hefty CGT bill, eating further into your profits.
So it’s not only the immediate costs you have to consider when converting your crypto to cash, but also the opportunity cost of selling all your assets and missing out on potential future gains.
In most instances, digital assets transactions are also settled through P2P agreements which lack transparency into the process and therefore offer minimal security for buyers and sellers.
Nexo offers the world's first instant crypto-backed loans with dividend paying tokens
With Nexo, users can leverage their cryptocurrency holdings to gain near instant fiat loans, while still retaining ownership over their digital assets.
In order to get an instant loan, users simply have to deposit their crypto assets in the official Nexo wallet where it is held as collateral and secured by BitGo, a Security-as-a-Service, SEC-approved platform for cryptocurrency investors.
Money can then be spent with the Nexo credit card or withdrawn to a bank account. There are no minimum repayments and the interest due is simply deducted from the available loan limit.
Once the loan is repaid in full, the user is free to withdraw the cryptocurrency assets they initially put up for collateral.
NEXO token holders will also have the opportunity to earn passive income in the form of dividends which are paid out on a periodic basis, depending on the company’s profitability. 30% of Nexo’s net profit is distributed as dividends to token holders while 70% is invested back into the company.
Nexo is a fully compliant financial institution and registered with the SEC. As such, relevant KYC and AML regulations apply. To qualify for dividends, token holders must undergo one-time KYC verification and the NEXO tokens must be staked in the Nexo wallet at the ex-dividend date, which is 10 days before the dividend distribution date.
Both measures are put in place to ensure compliance with the highest AML and KYC standards, promote fairness in dividend distribution, mitigate price manipulations and prevent fraud.
Most of the processes are maintained in the Nexo Oracle, an automated system that looks after the wallet maintenance, data analytics, automated notifications, real-time asset monitoring, funds distribution and repayment analytics.
A Nexo loan contract (smart contract) is created once the user transfers crypto assets to the Nexo wallet. These contracts are stored and replicated on the Blockchain to make them verifiable and immutable.
Users crypto assets (collateral) are also stored securely and can only be used by Nexo if the client fails to repay the loan.
Nexo’s Oracle operates autonomously to constantly check various data points and compare them against the predefined written conditions of the loan contract through these external data sources. The value of user’s stored crypto is determined in real-time on multiple exchanges to minimize risk and to see if any adjustments need to be made.
If the crypto appreciates, more credit will become immediately available to the client. If it depreciates below the minimum LTV ratio, the client either has to make a partial loan repayment or put up more crypto assets as collateral.
Nexo therefore benefits users by:
Investing in Crypto is a long-term game. If you really want to see the value of your investment grow, you need to hold it over a long term. If you need money today, you could sell your crypto, have a huge tax burden and miss out on all future growth. Or you could take a loan against your crypto, pay no taxes, and still be able to participate in the long-term growth of your crypto.
- Unlocking some of the $5 trillion idle value in dormant crypto assets by providing clients with an instant loan in fiat, including USD, EUR and JPY.
- Providing near-instant access to cash around the world via bank transfer or Nexo credit card, significantly reducing the current liquidation time to minutes and hours instead of days and months.
- Ensuring ownership of the crypto assets is retained so borrowers still enjoy the benefits from the increase in prices.
- Mitigating any tax liability (because crypto is not actually sold). Users also do not have to pay any platform, transaction, or withdrawal fees.
- Providing crypto-backed loans so there is no need to check customer credit scores.
- Ensuring security and transparency through the Blockchain loan contracts.
Company and Team
One of the most appealing aspects of Nexo is that it is based on a proven concept and existing platform. Nexo is powered by Credissimo, a leading European Fintech company that was founded in 2007.
Credissimo is a market leader in the Online Consumer Lending segment in several European countries and also provides E-commerce Financing and Bill Payment Services. They employ 130 people and, since inception, the company has granted loans to the value of $120 million and collected $155 million in cash.
The company is also audited by Deloitte, adheres to the highest regulatory requirements, and has been strictly supervised by multiple European Banking and Financial Services Regulators since 2007.
Credissimo was founded in Bulgaria, although Nexo is registered in crypto-friendly Switzerland, and they have received numerous Fintech awards, including reaching the Top 10 Alternative Finance in European Fintech Awards and two Forbes Business Awards in 2017; one for Financial Sector Innovations and another for Quality of Service.
Nexo has a fairly large number of followers and community memberships, including Telegram (51,599), Twitter (38,500), Reddit (1,200) and Facebook (18,840).
Strategic partners include BitGo (to secure crypto assets) which is also trusted by other industry players such as Kraken, CME Group, Pantera Capital, The Royal Mint and UPbit. One of their biggest partnerships is with CoinMarketCap (a site with more monthly traffic than the Wall Street Journal) that displays a “Get Loan” button in every listing, linking to Nexo. A “Crypto Loan” button is also now available on Etherscan, which gives Nexo the potential for tens of millions of additional traffic.
Nexo also uses Onfido to adhere to the strictest KYC and AML global compliance standards. Again, Onfido is trusted by several other large companies, including Coinbase, Revolut, HSBC, Nationwide, TransferWise and Bittrex.
Other strategic partners and memberships include Polymath, UCL CBT, Crypto Valley, The Bitcoin Foundation, Enterprise Ethereum Alliance, Swiss Finance + Technology Association and the Bitcoin Association Switzerland.
The Nexo team is an elite mix of well-seasoned industry experts, compromising many of the award-winning Credissimo team.
Nexo also has a strong advisory board, including Michael Arrington (Founder of TechCrunch and Arrington XRP Capital), Trevor Koverko (Founder and CEO of Polymath), and Paolo Tasca (Executive Director of University College of London Blockchain Centre).
- Kosta Kantchev (Managing Partner) is a Co-Founder of Credissimo and the visionary behind its success.
- Georgi Shulev (Managing Partner) has a background in Banking, M&A and financial analysis, and worked at big-name institutions such as Unicredit Bank Austria, Lehman Brothers, and the European Investment Bank. He also oversees the business development and international expansion of Credissimo.
- Antoni Trenchev (Managing Partner) is a Member of Parliament in which capacity he advocated and passed legislation for Blockchain solutions on a variety of e-government services, such as e-voting. He served as CIO at Credissimo and has been involved in the development of e-commerce platforms.
- Kamen Trendafilov (Finance Director) gained experience working for Ernst & Young, KPMG, and PricewaterhouseCoopers, and also as FD at Credissimo.
- Savina Boncheva (Compliance) is ACAMS certified and has managed Compliance teams in international banks such as JPMorgan and Barclays.
- Joro Yordanov (Product Designer) has been a designer for over 12 years. He worked on award-winning campaigns for brands such as Samsung, Heineken and the Telenor Group.
The Three Keys
When we invest, we look for companies that hold at least one of these three keys.
Scalability
NEXO is a standard ERC20 token build on top of Ethereum’s Blockchain and therefore suffers from the same scalability restrictions, which is currently around 15 transactions per second, although there are a number of solutions being worked on such as sharding and off-chain transaction capabilities.
Protocol
Digital currencies need to be able to adapt to the needs of the future.
Nexo employs large-scale automation through the Nexo Oracle system and is constantly working on adding additional fiat conversion options as well as widening the variety of crypto assets that can be deposited as security (currently only ETH, BTC, NEXO and BNB).
Interoperable
Nexo supports the deposit of BTC, ETH and BNB tokens as collateral but other than that there is no real mention of interoperability with other Blockchain projects.
The NEXO Token
The NEXO Token is the world’s first US SEC-compliant, dividend-paying and asset-backed security token. Other than qualifying holders for periodic dividend payments, NEXO can also be used as collateral to secure a loan on the platform. In addition, the token qualifies users for a 50% discount on interest charges if they use the NEXO token as loan collateral or when using it to make loan repayments.
The normal APR is 16%, which is reduced to 8% if the NEXO token is utilized.
Total supply of NEXO tokens is 1 billion with 525 million going to investors. Any unsold investor allocation would have been burned but they reached their hardcap and sold all 525 million during the tokensale.
Summary
NEXO is currently trading at $0.096 with a market cap of $55 million.
The Nexo platform has grown significantly in its first few months of operation. Between mid-June and mid-October, the number of loans increased 25,480% to 1,274 loans and the total value of loans (measured in USDT) grew 14,780% to 8,853,157 USDT.
Nexo says they aim to bring the repo market (repurchase agreements) to the Blockchain. The repo market for non-digital assets is $6.4 trillion. If they managed to gain just 0.5% of this market share on their digital ecosystem (Blockchain), they could quite comfortably increase their crypto backed loans from $8.8 million to over $32.3 billion. That’s a growth rate of 365,208%, meaning the NEXO token will trade at $350 in the long term.
This is a high estimation but very reasonable considering that:
“The beauty of our model is its simplicity and efficacy of the execution. Secured lending is probably the second oldest profession in the world and is what we have been doing for over 10 years now with our other company — the leading European FinTech group Credissimo.” - Antoni Trenchev, Managing Partner at Nexo.
- Nexo is powered by an existing concept with a very strong and experienced team;
- It has a link to their services on CoinMarketCap, one of the leading crypto information sites visited by millions of people every month;
- The company have already displayed a significant and sustained growth pattern in its first few months;
- The security token market is set to explode to $10 trillion by 2020 and NEXO is the world’s first US SEC-compliant dividend-paying asset-backed security token;
- And the fact that Repurchase agreements are generally considered safe investments because of the security of the underlying collateral.
ACTION TO TAKE
BUY: NEXO (NEXO)
BUY UP TO PRICE: $0.20
Store It On: NEXO is a standard ERC20 token that runs on the Ethereum network so in theory any ERC20-compatible wallet can be used to store your NEXO tokens. However, in order ot qualify for NEXO dividends, your tokens need to be stored in the official NEXO Wallet.
Travala (AVA) integrates Binance Pay
In a world-first, Binance Pay is now available as a preferred payment option on website. We are still awaiting an announcement from Travala confirming their partnership with AIR BnB.
Travala has risen 80% in value since I've presented my information to this group.
Current Price: $1.95
In a world-first, Binance Pay is now available as a preferred payment option on website. We are still awaiting an announcement from Travala confirming their partnership with AIR BnB.
Travala has risen 80% in value since I've presented my information to this group.
Current Price: $1.95
I forgot about the referral link since I can't see signatures in the mobile view of the board.
But I don't think it would matter, apparently there are a large number of people who are trying to transition from robinhood to Voyager.
Question which crypto wallet are you guys using now? I’m using coin base is there a better one?
Kucoin's volume makes it difficult to get in by buying the sell orders, and I'm not sure if a decent sized buy order would be filled before it blows up.
Try Binance or Atomic Wallet.
I'm expecting a 50% increase immediately after releasing the partnership news. By the end of the year, once COVID fears has lowered and flying gets back to normal, I expect them to 5X. There's still a lot of room for this to run.
For buying or storing?
Both.
Storing:
1. Ledger Nano X
2. Trezor
3. Trust Wallet
4. Atomic Wallet
DeFi Swaps:
1. Metamask
Buying:
1. Crypto.com
2. Binance
3. KuCoin
CashApp
Thanks
50% increase in what exactly? Trying get a better understanding, got lucky with Doge and VGX...don't want to miss my shot... Thanks
50% From whatever that current price is.
Right now it's 1.90 so if the news turns out to be true, I expect it to shoot up rapidly. It may be greater than 50%. DYOR.
I'm trying, but I don't know what this in reference to...50% of what(coin, ticker, crypto platform...etc) if it's Travala(seeking confirmation), it's not available on any of my current outlets (Voyager, Coinbase, Nexo, Binance has me shook), I might have to get up on KuCoin thought it was a currency...just looking for a little assistance, thats all... not that savvy on the Crypto front. Sometimes you guys talk over the novice's heads....But thanks anyway...
He is saying that he expects AVA to go up by 50%. AVA is the cryptocurrency of the Travala.com platform. You can buy AVA on Binance, which it seems you have an account with, or Kucoin which is another exchange that AVA trades on. If you go to Travala.com, it lists all the exchanges that you can trade AVA. Hope this helps.
Thank you and @APOPHIS both. I wasn't trying to be difficult, I was only seeking confirmation. As far as Binance, I had transferred everything out months ago except for ZIL, now it's stuck (suspended). That's why I'm not trying to mess with them. THANKS AGAIN for the information, I am reading up on Travala/AVA as we speak...
Man it’s been 3 or 4 years, I can’t remember. It’s been sitting on my ledger since I bought it.
send them an email and they will allow you to move your zil
Oh yea.should have bought more.
Good question..i bought one around 293 with some eth profit.joint just took off a lil after.
Its something about that lending platform.there are less aave than bitcoin.16 mil to btc 21 so scarcity probably plays a part.defi as a whole Is taking off as well.i could have got in at 80 bucks
..should have bought the graph early too.when btc dumps graph pumps.
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I was thinking its more ppl going in after finding out Mark Cuban holds it, you planning on buying more or waiting for pullback?
Good question..i bought one around 293 with some eth profit.joint just took off a lil after.
Its something about that lending platform.there are less aave than bitcoin.16 mil to btc 21 so scarcity probably plays a part.defi as a whole Is taking off as well.i could have got in at 80 bucks
..should have bought the graph early too.when btc dumps graph pumps.
Yeah, you can only do it on Alpha Exchange. I'll be doing mine in the next couple of weeks. Here's an article on how to do it.
.
Celsius is a BEAST!!!
Great use case: who does not want to earn interest on their cryptos? And you earn in like kind BTC on BTC, ETH on ETH... Plus 100x the interest on the dollar over what one can earn in a bank or credit union; find me a bank that pays +10%...
Great company: Alex and the team have built companies in the past and are doing a great job in development, deployment and marketing...
Room to grow: Celsius is closing in on 400K users. There are an estimated 400 million retail bank accounts. Do the math at 2% market penetration...
Fixed coin supply: There were only 650 million CEL tokens minted. Half were sold to the public. The rest get released to treasury upon specific occurrences. See the white paper for more details...
Great narrative: Passive interest and lending are important story lines in the market currently. Some of the best performers in this space are beating BTC in performance (see NEXO) and show no signs of stopping. What's better than the BTC price going ballistic? Earning interest on that same BTC in BTC. Massive!
Better return: CEL is and has been beating the ROI of BTC for the past six months at least. I'm up 200% vs BTC since July of 2020.
DYOR
PS: thanks for the opportunity to respond and realize i mistyped the BzX symbol, It's actually BZRX... I'll fix that in my original post in a minute...
If it drops enough I'll get some more.the way that shit shoots up? Shiiiit.
You know what I really wish I got in on early?
Maker..thats another quick mover.1500 to 2200 hundred in a few hours? Man
What Crypto Lender Celsius Isn’t Telling Its Depositors
Celsius Network’s crypto lending service may be taking more risk than its depositors realize.
What Crypto Lender Celsius Isn’t Telling Its Depositors
Celsius Network’s crypto lending service may be taking more risk than its depositors realize.www.coindesk.com
Yeah, read that back in July when the story dropped. Did my own research and determined that what they do is the same as banks do in the wild. But the do it in the depositor's favor.
Most people don't know that banks and credit unions own the funds one deposits there and one's account balance is just a detail of what the institution owes back when requested.
As with everything in crypto only put on the blockchain what one can afford to lose forever.
DYOR
Check out the latest AMA
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