A currency that lets you influence you sports team decisionsThe world’s leading blockchain fintech provider for sports & entertainment
Bridging consumers and sports brands through currency to elevate everyday experiences in entertainment, rewards, pre-sales etc.
Socios.com allows every club that joins to generate a supply of fan tokens. This enables fans to vote on club matters such as jersey design,charities,Meet and greets and exclusive content. The AR feature allows tokens to be collected from anywhere in the world (kinda like Pokemon Go)
- Fan tokens have a launch price but their value going forward in $CHZ is completely in the hands of market forces( Fan demand)
- For example, FCB has as a total supply of 40,000,000 $BAR which is traded against $CHZ.
- UFC : All fan token holders will be able to access UFC related offers and rewards, including tickets to UFC events or pre-sales access to tickets through this partnership
- As a sports fan, the opportunity to engage with your idols is a very innovative concept. Great concept but as with everything, market will decide the success.
- How does $CHZ get their value? Well, you can't get fan tokens without initially having $CHZ. So the more partners Chilliz sign up with, the greater the opportunity to expand
- Burning mechanism : 20% of net trading fees from exchange will be burnt, 20% of net proceeds from NFT's will be burnt and 10% of net proceeds from Fan token offerings(FTO's) will be burnt
Concerns,
1. Centralised for now but transparent transactions
2. Team holds a large share of tokens and could dump them on the market and reduce price but why would they?
3. Only 4.4Bn in circulation out of 8.8Bn. Future supply can have a downward pressure on price(inflation!). 20% in 2020 unlocked and 12% unlocked in 2021.
4. App has bugs (3.6/5 ratings)
5. Dilemma for fans. What if the coin 10X's and they value the coin more than their ability to vote on matters?
6. More teams, more chances of team dumping
7. Rank #98 crypto projects
TA,
- Long term trend in tact
- Reduced volatility
FA,
- Partnerships with FC Barcelona, UFC, AS Roma, Juventus and PSG
- network effects + First mover + Free marketing
- Recent moves in sports betting stocks such as PENN, DKNG and PBH
- Over 100k users. Brings in people from outside crypto. This is good for crypto overall.
- Not talked about much
-Strong management team
- backed by esports celebrities such as Anomaly(2m+ subs)
- Huge TAM for eSports
- Growth in eSports, Poker, Twitch,Chess, Baseball, basketball, hockey and cricket.
Small position size.
Smartcontracts
Reason why Ethereum Need to be in Your Radar!!!A high level of activity and demand for computing power on the Ethereum blockchain has led to congestion on the network. As a result, transaction fees on the platform have skyrocketed. So let’s lay out the ongoing development on the network and the work being done to alleviate these fees...
Ethereum is a decentralized, open-source, and distributed computing platform. And at its core, it’s a blockchain.
What set Ethereum apart from day one was its computing ability to execute smart contracts. This enables users to build, execute, and verify decentralized applications (dApps) via the blockchain. It’s why Ethereum is being dubbed “Web 3.0.” What separates Ethereum today is the development on the network. It’s second to none, thanks to its 1,100-plus developers. They’re bringing major progress to the project through enterprise development, DeFi, and the Ethereum 2.0 upgrade.
Enterprise development – over 700 global initiatives, including Ernst & Young’s Baseline protocol, which Coca-Cola is running a trial on for its bottling network... JPMorgan ,Chase’s Quorum blockchain, which is home to a few hundred banks that merged with ConsenSys last month... and Ethereum’s Microsoft Development kit, which just surpassed 12,000 downloads.
DeFi – over $8 billion of value locked up. This is up from around $500 million one year ago – a 1,500% increase – and highlights the growing usage of Ethereum dApps.In fact, the growth and high demand has made network congestion an issue. But Ethereum already has solutions available in the form of layer 2. One of these is OMG Network, one of our other holdings. OMG Network is expected to relieve some of the issues the network is experiencing due to DeFi’s recent popularity.
Ethereum 2.0 – a massive overhaul that will bring enterprise usage and DeFi to even greater levels and provide a long-term solution for network congestions. The first portion of this upgrade is expected around the new year. It’ll continue to roll out more releases over several years. The end result is virtually unlimited scalability, increased security, and higher speeds.
Ethereum’s roadmap is substantial. And with the most developers in the space working on it, it’s ready to see mass adoption and a surge in price.
Algorand vs. Ethereum OutlookI strongly recommend you to try Algorand Wallet and its ecosystem. Best Pos (PPoS) I have ever experienced.
Transaction cost: $0.005
Transaction speed: Instant
Staking starts as soon as you move your tokens to Algorand Wallet so you don't really need to stake your tokens at a shady pool.
Nice explorer.
Great tools, tutorials and libraries for devs.
Defi and Oracle ready.
DYOR
Good long term entry for LTC after the next pullbackSold the spare LTC I had from a year ago near the wedge top.
MACD over stretched in short term as well.
Bullish long term moving averages as the short term 20 and 40 has crossed 120 and 200. However, to be more confident, I need the 120EMA to clearly cross 200EMA
Looking to buy in again for a trade at 46.772 at the support levels.
46 and 68 seems to be very important for LTC
46 is the level where the base was formed before the massive bull run in 2017(marked)
It is also the level it consolidated before starting distribute after the bull run.
LTC follows BTC.
Origin protocol has an all star team. Good time to enter? $OGNFA,
- Disrupting sharing economies like Uber, AirBnb
- All star team and investors. Includes Yu Pan from Paypal Mafia. Paypal Mafia has to be the most accomplished founding team ever
- Team includes engineers,leaders,managers from Paypal, Youtube, Dropbox and other acquired companies.
- Investors include Steve Chen(youtube), Alexis Ohanian(Reddit), Randall Kaplan (Akamai), Gil Penchina(Fastly,ebay), Garry Tan (Y combinator, coinbase)
- Goal to cut out centralised intermediaries that carve out hefty fees in order to enable true P2P sharing economies.
TA,
- MACD golden cross 4H
- 4H 200ema support
- Daily hammer rejection on 120EMA
- 0.786 FIB support
Good area to start buying but I'm waiting till there's clear signs of the short term trend reversal along with the break of 0.618 level of 0.4364.
Interesting to see if it respects the long term wedge support as well
QTUM- On fire! Now or wait for the pullbackPropelled by the news of offline staking, mainnet and potential DeFi project, QTUM is on the hot steak lately.
One of the two famous smart contract platform projects, along with NEO, from China back in 2017. It is trading below its long-term S/R lvl and is about 96% from its ATH (Check my links below for other coins that are down over 90% from their ATH- SNT & NANO).
On the daily time frame, it seems very over-extended so pullback may be imminent. I would not mind hopping onto the bandwagon now with small order because next resistance lvl is still 20% away and add onto the position on the pullback.
EOS Looks to break 1 Year Long TrendlineLet's not forget that EOS is one of the TOP Blockchain platforms in the market ( if not the BEST). The EOS chart looks very promising and it has 3 major touchpoints in the long trend line from July 2019. Currently, it is trading in the range of .038 Fibonacci and has a potential to 0.78 Fib ( US$ 4-4.20 ). What drives coins is the Volume. EOS trading volume is currently 6-8th in coin market place. Overall EOS has more potential for upwards considering it has not been pumped hard in this altcoin season.
Note: Please note it is not investment advice, do your own due diligence.
Can Populous be popular?TA,
-MACD golden cross 4h. A similar pattern in May
-Bottom of range
-Bounce off bottom BB
-20ema crosses over 50ema
FA,
-What is populous? Must be popular?
- Peer to peer invoice platform to eliminate 3rd parties such as banks
- Transparent records on the ethereum blockchain
-PPT held as collateral through the invoicing process
- Currently supported in UK, China and Hong Kong
- Credit risk analysis using XBRL dataset
- Quick cash flow for businesses
- Controversial CEO
Entry: ideally 0.316 sats
SL: 0.2533 (depends on risk management, I’m allowing plenty of room to avoid being hunted)
smart contractA smart contract is a computer program or a transaction protocol respectively, which is intended to automatically execute, control or document respectively legally relevant events and actions according to the terms of a contract, of an agreement or of a negotiation. The objectives of smart contracts are the reduction of need in trusted intermediators, arbitrations and enforcement costs, fraud losses, as well as the reduction of malicious and accidental exceptions.
Vending machine is mentioned as the oldest piece of technology equivalent to smart contract implementation. 2014's white paper about cryptocurrency Ethereum mentions Bitcoin protocol to be a weak version of the concept of smart contracts as defined by Nick Szabo. Since Ethereum, various cryptocurrencies support scripting languages for more advanced smart contracts between untrusted parties. In the cryptocurrency space, smart contracts are digitally signed in the same way a cryptocurrency transaction is signed. The signing keys are held in a cryptocurrency wallet.
Tezos Still On A Strong Upward TrendProbably my favorite project, so I battle with my bullish bias when charting this one. Honestly I don't trade it at all, I am long AF on the #XTZ #HODL, but wanted to share my TA doodles with you anyway. Anything over 1.30 USD is still a strong uptrend. See you on the Top 10 CMC soon. Enjoy and be safe.
LINKBTC: Watch This Range (23k - 29k Sats)As an update to the post below, this post outlines a trend LINKBTC has respected for almost a year.
Bears would like a break down from this support zone entirely, while bulls will want to see a rebound sometime soon, or even a short consolidation period above 23k sats at the minimum.
In the bullish case, a bet on macro trend continuation following a 40W mean reversion does seem somewhat logical, as previous 40W mean reversions resulted in a series of new ATH's in rapid succession.
In the bearish case, you can see price decline slowly like a popped bubble.
This is also a pivotal moment for FA, with Oracle announcing their Chainlinked startups on Tuesday. As long as the project maintains interest as it has been doing, I personally don't see Chainlink going away.
In the case of macro trend continuation, I'm will continue to see if my second idea linked below plays out.
Good luck!
Twitter: twitter.com
LINKBTC: Inverse Scale to Flip the Perspective. 70k Pipe Dream?*Not financial advice. Not a recommendation to buy or sell.*
Let's flip the perspective on the LINK/BTC chart for a moment. Downwards trend looks likely to continue. Ignore market cap for a second and only examine the trend. Would you short a coin with this chart? A bet on 1yr+ trend continuation?
December 2019. In harmony with my speculations for bitcoin. Can it be true?
ROC:
Rate of Change is decelerating rapidly while continuing to the downside and at a common reversal percentage.. This is likely the peak for shorters.
Volume:
Despite significant outflow as pointed to in my OBV analysis below, smoothed trading volume continues to look strong for LINK/BTC.
[1W] ALL IN TO WIN MY LINKY ALWAYS STAYS STINKY Im here with another call.
The same call I made in
Just like last time:
-We have a long period of Going down, on avg we only have 4-6 weeks of going down, this ones been a little bit harder than before(around 60% retracement compared to 45-50% last time)
-BUT, the RSI is at the same place as last time(45/46 RSI)
-The stoch is low/close to 0 like like time.
-Tons of big news coming out in the next 1.5weeks.
-Holding the 30EMA(purple dot)
-low Volume like last time
You make the call. HIstory doesn't repeat, but it likes to rhyme.
ADA 15M broke rangeNoticed we have broke the range and pulled back about 68% fib since the break. I see a turn around coming :)
If you remember I said earlier I have entered around .052 again with around 4k ADA. I will probably hold it for the long haul but should I decide to pull this bag early I will do so and put it into another asset that might be a viable option at the time.
Traders should be aware of the 200 MA and 100 MA and wait for price to be ABOVE the moving averages. If we are above the green 800 MA again buyer strength will be solid. Until then we will ride the curve here and I see the consolidation continuing a bit longer before we impulse up again or "wave" up. If you haven't already added to your bag This is where I would probably do so if you didn't below .055 already. Lets see how it goes!
Are you a long term holder of ADA? If so why? Do you like the philosophical approach the IOHK team has?
Would love to know everyones thoughts! please comment below if you enjoy this idea and like it if you agree! Thanks all!
[12hr] SNIFF...SNIFF...CAN YOU SMELL THE STINKY?Assuming BTC does do a wonderful belly flop, which it might.....
LINK has a very decent chance of bouncing here. I think worst case we wick to 2.08 > 2.02(maybe we see a quick high 8ks BTC)
But we have retraced greater that 50% from ATH USDT, and about 42% from ATH Sats
Usually in the past we retrace about 35%-38% in Sats and around that much in USDT.
I think were heavily oversold esp with the Chainlink team selling LINK for continued development.
Honestly would not be surprised and I woke up to 2.43$ LINK by 8am EST tomorrow.
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Circled is 100MA support, Pink below is 200EMA. In the past we usually bounce around this area. The only time weve gone below the 100MA on the 12hr was when we wernt from 16k sats to 8k sats.
Could this be a repeat of 50% sat retracement? We are at 42% right now.
Serg talks tomorrow and greater than 50% of the time when he speaks we pump. You can't get those odds even in Vegas!
No gamble.
No future.
Worst case : 200EMA USDT support at 1.72, anything below 2.1-2.05(depending on your pain threshold, may be a sell)
Mediocre Case: Back to 2.25-2.30 by 8am ESTish
Best Case: anything but this
But be careful selling when indicators are showing over-sold across the board....
ADAUSD wave idea reformed thanks to a follower.So my analysis on the simple layout was a bit off with wave structure. After a follow pointed it out I decided to post it for everyone. Essentially with the double zigzag idea impulse double correction impulse..is pretty much the idea of elliot structure with wave 3 being the largest followed by a bullish XABCD butterfly if you observe it as harmonics.
With new investors entering, prices are getting a discount. I too have taken advantage of the fall. I ladder my positions every 5 to 10 cents or so since I am in the long term game.
Would love everyones thoughts about Cardano and their projects. Please like and share your thoughts below!
[4hr] MAKE IT OR STANK IT --- MY LINKY STAY STINKY ALWAYSPlease excuse the mess of a chart,
But the pink dot = 200EMA
We have bounced in recent times off around 30 RSI on the 4hr and the 200EMA in tandem
Also the Stoch RSI looks pretty similar to previous movements
If we dont pump out in the 24-36 hours, I could see a downside of 18600 sats again(ex-ATH, we like to touch those every now and again)
Watch $BTC during all of this, as this will be most likely the deciding factor
USD wise I am not worried about $LINK as its been performing strong all year, I just want to save/earn some Sats here.
Ether poised to benefit from infrastructure spending?'8th Day' positive extreme projection here is carried forward on the combined trend line, terminating at the same price at the later date where that price is shown.
What happens between now and then may be greatly influenced by news $30M spending will proceed on Ethereum infrastructure by concerned parties going forward. Tentatively, an increase is likely, hovering somewhere between today's price and the extreme presented, reaching a peak somewhere on the timeline.
As to whether a new higher high will occur, solidifying Ether's USD valuation here on the digital currency 'backside' as a hedge against a possible late May BTC correction, and other factors of volatility in the market, is speculative.
Ether has retained a good portion of its latest surging increase in BTC valuation following BTC's fabulous rise. And on the USD side did well during the mini-correction. It may be relevant to point out if digital currencies are to gain from their intrinsic value they will have to compete on market capitalization with the very currency which drags their present valuation all over the map; this may mean investors will benefit from Ether swallowing not just the tail of the whale, but a good portion of its body, making way for its intrinsic valued cousins to refresh the sea with services and economic opportunity by way of active developer and user communities, subsuming their progenitor for the good of all.
If the whales are worried at all, investors in Ether may not see it unless they first present the challenge. It will otherwise probably be business as usual, which isn't bad, but doesn't really seem to deliver on the widespread promise of systemic change resulting in lower fees, greater access, and, as mentioned above, new economic landscapes carved out of information in cyberspace, the virtual and limitless real estate which continues to capture our imagination and innovation.