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[Part 1] KAVA Historical AMA Tracker! (Questions & Answers)

ATTN: These AMA questions are from Autumn 2019 - before the official launch of the Kava Mainnet, and it's fungible Kava Token.
These questions may no longer be relevant to the current Kava landscape, however, they do provide important historical background on the early origins of Kava Labs.
Please note, that there are several repeat questions/answers.

Q1:

Kava is a decentralized DEFI project, why did you implement the countries restrictions to run the node? Will there be such restrictions by the time of the mainnet?

Q2:

According to the project description it has been indicated that staking reward (in KAVA tokens) varies from 3 to 20% per annum. But how will you fight with inflation?

We all know how altcoins prices are falling, and their bottom is not visible. And in fact, we can get an increase in the number of tokens for staking, but not an increase in the price of the token itself and become a long-term investor.

  • Answer: Kava is both inflationary with block rewards, but deflationary when we burn CDP fees. Only stakers who bond their Kava receive inflationary rewards - users and traders on exchanges do not get this. In this way, rewards are inflated, but given to stakers and removed value from the traders who are speculating like a tax. The Deflationary structure of fees should help counterbalance the price drops from inflation if any. In the long-term as more CDPs are used, Kava should be a deflationary asset by design if all things go well

Q3:

In your allocation it is indicated that 28.48% of the tokens are in the "Token treasury" - where will these tokens be directed?

  • Answer: Investors in financing rounds prior to the IEO have entered into long-term lock-up agreements in-line with their belief in Kava’s exciting long-term growth potential and to allow the projects token price to find stability. Following the IEO, the only tokens in circulation will be those sold through the IEO on Binance and the initial Treasury tokens released.
  • No private sale investor tokens are in circulation until the initial release at the end of Q1 2020 and then gradually over the [36] months The initial Treasury tokens in circulation will be used for a mixture of ecosystem grants, the expenses associated with the IEO as well as initial market making requirements as is typical with a listing of this size. Kava remains well financed to execute our roadmap following the IEO and do not envisage any need for any material financings or token sales for the foreseeable future.

Q4:

Such a platform (with loans and stable coins) is just the beginning since these aspects are a small part of many Defi components. Will your team have a plan to implement other functions, such as derivatives, the dex platform once the platform is successfully launched?

  • Answer: We believe Kava is the foundation for many future defi products. We need stable coins, oracles, and other infrastructure first that Kava provides. Once we have that, we can apply these to derivatives and other synthetics more easily. For example, we can use the price feeds and USDX to enable users to place 100x leverage bets with each other. If they both lock funds into payment channels, then they can use a smart contract based on the price feed to do the 100x trade/bet automatically without counter party risk. In this way, Kava can expand its financial product offerings far beyond loans and stable coins in the future.

Q5:

There are several options for using USDX on the KAVA platform, one of which is Margin Trading / Leverage. Is this a selection function or a compulsory function? Wondering since there are some investors who don`t like margin. What is the level of leverage and how does a CDP auction work?

  • Answer: This is a good #Q . Kava simply provides loans to users in USDX stable coins. What the users do is completely up to them. They can use the loans for everyday payments if they like. Leverage and hedging are just the main use cases we foresee - there are many ways people can use the CDP platform and USDX.

Q6:

Most credit platforms do not work well in the current market. What will you do to attract more people to use your platform and the services you provide? Thank you

  • Answer: Most credit platforms do not work well in the current market? I think that isn't correct at least for DeFi. Even in the bear market, MakerDao and Compound saw good user growth. Regardless, our efforts at Kava to build the market are fairly product and BD focused. 1) we build more integrations of assets and expand financial services to attract new communities and users. 2) we focus on building partnerships with high quality teams to promote and build Kava's core user base. Kava is just the developer. Our great partners like Ripple, Stakewith.Us, P2P, Binance - they have the real users that demand Kava. They are like our system integrators that package Kava up nicely and present it to their users. In order to grow, we need to deepen our partnerships and bring in new ones around the world.

Q7:

KAVA functions as a reserve currency in situations where the system is undercollateralized. In such cases new KAVA is minted and used to buy USDX off the market until USDX becomes safely overcollateralized.

Meaning, there will be no max supply of KAVA?

  • Answer: Yes, there is no max supply of Kava.

Q8:

Why Kava?

  • Answer: ...because people are long BTC and the best way to go long BTC without giving up custody is Kava's platform. Because it is MakerDao for bitcoin. Bitcoin has a 10x market cap of ETH and Maker is 10x the size of Kava. I think we're pretty undervalued right now.

Q9:

How do you plan to make liquidity in Kava?

  • Answer: Working with Binance for the IEO and as the first exchange for KAVA to trade on will be a huge boost in increasing the liquidity of trading KAVA.

Q10:

Most crypto investors or crypto users prefer easy transaction and low fees, what can we expect from KAVA about this?

  • Answer: Transaction fees are very low and confirm if seconds. The user experience is quite good on Tendermint-based blockchains.

Q11:

How do I become a note validator on KavA?

Q12:

It is great to know that KAVA is the first DEFI-supported project sponsored by Binance Launchpad, do you think this is the meaning that CZ brings: Opening the DEFI era, as a leader, you feel like how ?

  • Answer: We are the first DeFi platform that Launchpad has supported. We are a very strategic blockchain for major crypto like BNB. Kava's platform will bring more utility to the users of BNB and the Binance DEX. It feels good of course to have validation from the biggest players in the space like Cosmos, Ripple, CZ/Binance, etc.

Q13:

Since decentralized finance applications is already dominating, how do you intend to surpass those leading in the market?

  • Answer: The leaders are only addressing ethereum. BTC, XRP, BNB, ATOM is a much larger set to go after that current players cannot.

Q14:

What does Ripple play in the Kava's ecosystem, since Ripple is like a top tier company and it’s impressive that you are partnered with them?

  • Answer: Ripple is an equity investor in Kava and a big supporter of our work in cross-chain settlement research and implementations. Ripple's XRP is a great asset in terms of users and liquidity that the Kava platform can use. In addition, Ripple's money service business customers are asking for a stable coin for remittances to avoid the currency heading risk that XRP presents. Ripple will not use USDC or other stable coins, but they are open to using USDX as it can be XRP-backed.

Q15:

Considering the connectivity, Libra could be the biggest competitor if KAVA leverages interchain for efficiency.

  • Answer: With regard to USDX, it is important to understand the users interacting with the Kava blockchain have no counterparty that people could go after for legal actions. A user getting a USDX loan has no counterparty. The software holds the collateral and creates the loan. The only laws that would apply are to the very users that are using the system.

Q16:

Wonder how KAVA will compete with the tech giants

  • Answer: Libra is running into extreme issues with the US Senate and regulators. Even the G7-G20 groups are worried. Its important to understand that Libra is effectively a permissioned system. Only big companies that law makers can go after are able to run nodes. In Kava, nodes can be run by anyway and our nodes are based all over the world. It's incredibly hard for a law maker to take down Kava because they would need to find and legally enforce hundreds of business in different jurisdictions to comply. We have an advantage in this way over the larger projects like Libra or Clayton.

Q17:

In long-term, what's the strategy that KAVA has for covering the traditional finance users as well? Especially regarding the "stability"

  • Answer: Technical risk is unavoidable for DeFi. Only time will tell if a system is trustworthy and its never 100% that it will not fail or be hacked. This is true with banks and other financial systems as well. I think for DeFi, the technical risk needs to be priced in to the expected returns to compensate the market. DeFi does have a better user experience - requiring no credit score, identity, or KYC over centralized solutions.
  • With our multi-collateral CDP system, even with it overcollateralized, people can get up to 3x leverage on assets. Take 100 USD in BTC, get a USDX loan for 66 USDX, then buy $66 BTC and do another loan - you can do this with a program to get 3x leverage with the same risk profile. This is enough for most people.
  • However, it will be possible once we have Kava's CDP platform to extend it into products that offer undercollateralized financial products. For example, if USER 1 + USER 2 use payment channels to lock up their USDX, they can use Kava's price feeds to place bets between each other using their locked assets. They can bet that for every $1 BTC/USD moves, the other party owes 3x. In this way we can even do 100x leverage or 1000x leverage and create very fun products for people to trade with. Importantly, even in places where margin trading is regulated and forbidden, Kava's platform will remain open access and available.

Q18:

In long-term, what's the strategy that KAVA has for covering the traditional finance users as well? Especially regarding the "stability"

  • Answer: Kava believes that stable coins should be backed not just by crypto or fiat, but any widely used, highly liquid asset. We think in the future the best stablecoin would be backed by a basket of very stable currencies that include crypto and fiat or whatever the market demands.

Q19:

Compound, maker they're trying to increase their size via the competitive interests rates. THough it shows good return in terms of growth rate, still it's for short-term. Wonder other than financial advantage, KAVA has more for the users' needs?

  • Answer: Robert, the CEO of Compound is an investor and advisor to Kava. We think what Compound does with money markets is amazing and hope to integrate when they support more than just Ethereum assets. Kava's advantage vs others is to provide basic DeFi services like returns on crypto and stable coins today when no other platform offers that. Many platforms support ETH, but no platform can support BTC, XRP, BNB, and ATOM in a decentralized way without requiring centralized custody of these assets.

Q20:

The vast majority of the cryptocurrency community's priorities is symbolic pricing. When prices rise, the community rejoices and grows. When they fall, many people begin to cast in a negative way. How will KAVA solve the negative problem when the price goes down? What is your plan to strengthen and develop the community to persuade more people to look at the product than the price?

  • Answer: We believe price is an important factor for faith in the market. One of Kava's key initiatives was selecting only long-term partners that are willing to work with kava for 2 years. That is why even after 6 months, 0 private investor or kava team tokens will be liquid on the market.
  • We believe not in fast pumps and then dumps that destroy faith, but rather we try and operate the best we can for long-term sustainable growth over time. It's always hard to control factors in the market, and some factors are out of our control such as BTC price correlations, etc - however, we treat this like a public company stock - we want long-term growth of Kava and try to make sure our whole community of Kava holders is aligned with that the best we can.

Q21:

Do you have any plans to attract non-crypto investors to Kava and how? What are the measures to increase awareness of kava in non-crypto space?

  • Answer: We are 100% focused on crypto, not the general market. We solve the problems of crypto traders and investors - not the average grandma who needs a payment solution. Kava is geared for decentralized leverage and hedging.

Q22:

Adoption is crucial for all projects and crypto companies, what strategy are you gonna use/follow or u are now following to get Kava adopted and used by many people all over the world?

Revenue is an important aspect for all projects in order to survive and keep the project/company up and running for long term, what are the ways that Kava generates profits/revenue and what is its revenue model?

  • Answer: We have already partnered with several large exchanges, long-term VCs, and large projects like Ripple and Cosmos. These are key ways for us to grow our community. As we build support for more assets, we plan to promote Kava's services to those new communities of traders.
  • Kava generates revenue as more people use the platform. As the platform is used, KAVA tokens are burned when users pay stability fees. This deflates the total supply of Kava and should in most cases give rise to the value of KAVA like a stock-buyback in the public markets.

Q23:

In order to be success in Loan project of Cryptocurrency, I think marketing is very important to make people using this service without any registration. What is main strategy for marketing?

  • Answer: Our main strategy is to build a great experience and offer products that are not available to communities with demand. Currently no DeFi products can serve BTC users for example. Centralized exchanges can, but nothing truly trustless. Kava's platform can finally give the vast audiences of BTC, BNB, and ATOM holders access to core DeFi services they cannot get on their own due to the smart contract limitations of those platforms.

Q24:

Currently, some project have policies for their ambassadors to create a contribution and attract recognition for the project! So the KAVA team plans to implement policies and incentives for KAVA ambassadors?

  • Answer: Yes, we will be creating a KAVA ambassador program and releasing that soon. Please follow our social media channels to learn about it in the coming weeks.

Q25:

Currently there are so many KAVA tokens sold on exchanges, why is this happening while KAVA is going to IEO on Binance? Are those KAVA codes fake or not?

  • Answer: For everyone's safety, please understand Kava tokens do not exist yet and they will only exist starting with the Binance IEO. Any other token listings or offerings of Kava are not supported by Kava Labs and I highly discourage you all from trying to get them there. It is most likely a big scam. Please only trust Binance for this.

Q26:

KAVA have two tokens, the first is called Kava - a governance and staking token; the second is called USDX - an algorithmically managed crypto-backed stable coin. What are the advantages of USDX compared to other stablecoins such as: USDT, USDC, TUSD, GUSD, ...?

  • Answer: USDX is one of the few stablecoins to be fully backed by crypto-assets. This means that we do not deal with fiat to back the value, and thus we don't have some of the issues when it comes to storing fiat funds with banks and custodians. This also makes our product fully digital and built for the future of crypto growth.

Q27:

As a CEO, does your background in Esports and Gaming industry help anything to your management and development of KAVA Labs?

  • Answer: Esports no. But having been a multi-time venture-backed foundeCEO and have gone through the start-up phase before has made creating and running a 2nd company easier. Right now Kava is still small, Fnatic had over 80 employees. It was at a larger scale. I would say developing software is much more than doing the hardware at fnaticgear.com

Q28:

Why did Kava choose to launch IEO on Binance and not other exchanges like: Kucoin, Houbi, Gate, ....?

  • Answer: Kava had a lot of interest from exchanges to partner with for IEO. We decided based on a lot of factors such as userbase, diverse exposure across multiple regions and countries, and an amazing team that provides so much insight into so many communities such as this one. Binance has been a tremendous partner and we also look forward to continuing our partnership far into the future.

Q29:

Currently if Search on coinmarketcap has 3 types of stablecoins bearing the USDX symbol (but these 3 stablecoins are no information). So, what will KAVA do to let users know that Kava's USDX is another stablecoin?

  • Answer: All these USDX have no volume or listings. We will be on Binance. I am not worried.

Q30:

In addition to the Token Allocation for Binance Launchpad, what is the Token Treasury in the Initial Circulating Supply?

  • Answer: This is controlled by Kava Labs, but with the big cash we have saved from fundraising, we see no reason why these tokens would be sold on the market. The treasury tokens are for use in grants, ecosystem growth initiatives, development, and other incentive programs to drive adoption of the platform.

Q31:

How you will compete with your competitors? Currently i don't see much but for future how you will maintain this consistency ? No doubt it is Great and Unique project, what is the main problem that #KAVA is currently facing?

  • Answer: Because our industry is just starting out, I don't like to think of them as our direct competitors. We are all working to grow the size of the pie rather than get a larger slice from a small pie. The one thing that we believe will allow us to stand apart is the community we are building. Being able to utilize our own community along with Cosmos and our other partners like Binance for the IEO, we have a strong footing to get a lot of early users onto our platform. Also, we are also focusing on growing Kava internationally particularly Asia. We hope to build our platform for an even larger userbase than just the west.

Q32:

How do you explain your project to a random person who has never heard of your project?

  • Answer: non-crypto = Kava is a lending platform for users of cryptocurrencies.
  • crypto = Kava is a cross-chain DeFi platform for loans and stablecoins backed by BTC, BNB, XRP, ATOM and other major cryptocurrencies.

Q33:

Will KAVA team have a plan on implementing DAO module on your platform since its efficiency on autonomy, decentralization and transparency?

  • Answer: All voting is already transparent on the Kava blockchain. We approved a number of proposals on our test net.

Q34:

how to use usdx token :only for your platform or you have plan to use usdx for payment ?

  • Answer: Payments is a nice use case, but demand for crypto payments is still small. We may choose to focus here later if demand for crypto payments increases. Currently it is quite small with the bulk of use remaining in trading and speculative use cases.

Q35:

Do you have plans to spread KAVA ecosystem across other continents. if yes, what are the strategies and how can I as a community member contribute to making it possible?

  • Answer: We are already across many continents - I don't think we are in antarctica yet. Africa might be light on nodes as well. I think as we grow on major exchanges like Binance, new node operators will get interested and help decentralize Kava further.

Q36:

Maker's CDP lending system is on top in this market and its Dominance is currently sitting on 64.90 % , how kava will compete will maker and compound?

  • Answer: adding assets like bitcoin which have more value and more users than ETH. It's a bigger market that Maker cannot compete with Kava in.

Q37:

Currently, the community is too concerned about the price. As prices rise, the community rejoice and grow, when falling, many people start throwing negatively. So what is KAVA's solution to getting people to focus on the project rather than the price of the token?

What is your plan to strengthen and grow the community to persuade more individuals to look at the product than the price?

  • Answer: We also share similar concerns as price and price direction is always a huge factor in the crypto industry. A lot of people of course are very short-term focused on flipping for bigger profits. One of the solutions, and what Kava has done, is to make sure that everything structured is for the long-term. So that makes sure that our investors and employees are all focused on long-term gains and growth. Locking vesting periods are part of that alignment. Another thing is that we at Kava are very transparent in our progress and development. We will be regularly posting updates within our own communities to allow our users and followers to keep up with everything we're up to. Please follow us or look at our github if you're interested!

Q38:

How did Kava get on Piexgo?

  • Answer: We did not work with Piexgo. We have not distributed tokens to any exchange other than Binance. I cannot speak to what is going on there, but I would be very wary of what is happening there.

Q39:

Why was the 1st round price so much lower than the current price

  • Answer: It is natural to worry that early investors got better pricing and could dump on the market. I can assure you that our investors are in this for the long-term. All private sale rounds signed 2 year contracts to run validators - and if they don't they forfeit their tokens. You can compare our release schedule to any other project. We have one of the most restricted circulating supply schedules of any project EVER and its because all our investors are commiting to the long-term success of the project and believe in Kava.
  • About the pricing itself - it is always a function of traction like for any start-up. When we made our public announcement about the project in June, we were only a 4 man team with just some github code. We could basically run a network with a single node, our own. Which is relatively worthless. I think our pricing of Kava at this time was justified. We were effectively a seed-stage company without a product or working network.
  • By July we made severe progress on the development side and the business side. We successful launched our first test net with the help of over 70 validator business partners around the world. We had a world-wide network of hundreds of people supporting us with people and resources at this point and the risk we would fail in launching a working product was much lower. At this point, the Kava project was valued at $25M. At this point, we had many VCs and investors asking for Kava tokens that we turned away. We only accepted validators that would help us launch the network. It was our one and only goal.
  • Fast forward to today, the IEO price simply reflects the traction and market demand for Kava. Our ecosystem is much larger than it was even a month ago. We have support from Ripple, Cosmos, and Binance amongst other large crypto projects. We have 100+ validators securing our network with very sophisticated high-availability set-ups. In addition, our ecosystem partners have built products for Kava - such as block explorers and others are working on native integrations to wallets and exchanges. Launchpad will be very big for us. Kava is a system designed to cater to crypto traders and investors and in a matter of days we distributed via Binance Launchpad and put in the hands of 130+ countries and tens of thousands of users overnight. It doesn't get more DeFi than that.

Q40:

What is the treasury used for?

  • Answer: Kava's treasury is for ecosystem growth activities.
  • Investors in financing rounds prior to the IEO have entered into long-term lock-up agreements in-line with their belief in Kava’s exciting long-term growth potential and to allow the projects token price to find stability. Following the IEO, the only tokens in circulation will be those sold through the IEO on Binance and the initial Treasury tokens released. No private sale investor tokens are in circulation until the initial release at the end of Q1 2020 and then gradually over the [36] months The initial Treasury tokens in circulation will be used for a mixture of ecosystem grants, the expenses associated with the IEO as well as initial market making requirements as is typical with a listing of this size. Kava remains well financed to execute our roadmap following the IEO and do not envisage any need for any material financings or token sales for the foreseeable future.

Q41:

Everyone have heard about the KAVA token, and read about it. But it would be great to hear your explanation about it. What is the Kava token, what is it's utility? :)

  • Answer: The Kava token plays many roles. KAVA is the native staking token of the Kava blockchain and is used for securing the network. KAVA is delegated to validators, basically professional node operators that run highly-available servers to secure the Kava blockchain. The top 100 validators by weight of staked KAVA earn block rewards that range from 3-20% APR based on the total amount staked in the network. These rewards are split between the validators and the KAVA holders.
  • When users of the platform repay their loans, they must a stability fee (a percentage of the loan) in KAVA tokens. These tokens are burned by the system, effectively deflating the total supply overtime as more users use the CDP system.
  • KAVA is also the primary token used in governance of the platform. KAVA token holders can vote on key system parameter changes and upgrades such as what assets to support, how much USDX in total can be loaned by the system, what the debt-to-collateral ratio needs to be, the stability fees, etc. KAVA holders have a very important responsibility to govern the system well.
  • Lastly, Kava functions as a "Lender of Last Resort" meaning if USDX ever gets undercollateralized because the underlying asset prices drop suddenly and the system manages it poorly, KAVA is inflated in these emergency situations and used to purchase USDX off the market until USDX reaches a state of being over collateralized again. KAVA holders have incentive to only support the good high quality assets so risk of the system is managed responsibly.

Q42:

No matter how perfect and technically thought-out a DeFi protocol is, it cannot be completely protected from any unplanned situations (such as extreme market fluctuations, some legal issues, etc.)

Ecosystem members, in particular the validators on whom KAVA relies on fundamental decision-making rights, should be prepared in advance for any "critical" scenario. Considering that, unlike the same single-collateral MakerDAO, KAVA will be a multi-collateral CDP system, this point is probably even more relevant here.

In this regard, please answer the following question: Does KAVA have a clear risk management model or strategy and how decentralized is / will it be?

  • Answer: Simialar to other CDP systems and MakerDAO we do have a system freeze function where in cases of extreme issues, we can stop the auction mechanisms and return all collateral.

Q43:

Did you know that "Kava" is translated into Ukrainian like "Coffee"? I personally do love drinking coffee. I plunge into the fantasy world. Why did you name your project "Kava" What is the story behind it? What idea / fantasy did your project originate from, which inspired you to create it?

  • Answer: Kava is coffee to you.
  • Kava is Hippopotamus to Japanese.
  • Cava is a region in Spain
  • Kava is also a root that is used in tea which makes your mouth numb.
  • Kava is also crow in Hindi.
  • Kava last but not least is a DeFi platform launching on Binance :)
  • We liked the sound of Kava it was as simple as that. It doesn't have much meaning in the USA where I am from. But it's short sweet and when we were just starting, Kava.io was available for a reasonable price

Q44:

What incentives does a lender get if a person chooses to pay with KAVA? Is there a discount on interest rates on the loan amount if you pay with KAVA? Do I have to pass the KYC procedure to apply for a small loan?

  • Answer: There is no KYC for Kava. Its an open blockchain software platform where anyone with a computer can connect to it and use it.

Q45:

Let's say, I decided to bond my cryptocurrency and got USDX stable coins. For now, it`s an unknown stable coin (let's be honest). Do you plan to add USDX to other famous exchanges? Also, you have spoken about the USDX staking and that the percentage would be higher than for other stable coins. Please be so kind to tell us what is the average annual interest rate and what are the conditions of staking?

  • Answer: Yes we have several large exchanges willing to support USDX from the start. Binance/Binance-DEX is one you should all know ;)
  • The average annual rates for USDX will depend on market conditions. The rate is actually provided by the CDP fees users pay. The system reallocates a portion of those fees to USDX users. In times when USDX use needs to grow, the rates will be higher to incentivize use. When demand is strong, we can reduce the rates.

Q46:

Why should i use and choose Kava's loan if i can use the similar margin trade on Binance?

  • Answer: If margin is available to you and you trust the exchange then you should do whatever is cheaper. For a US citizen and others, margin is often not available and if it is, only for a few asset types as collateral. Kava aims to address this and offer this to everyone.

Q47:

The IEO price is $ 0.46 while the price of the first private sale is $ 0.075. Don't you think that such price gap can negatively affect the liquidity of the token and take away the desire to buy a token on the exchange?

  • Answer: It is natural to worry that early investors got better pricing and could dump on the market. I can assure you that our investors are in this for the long-term. All private sale rounds signed 2 year contracts to run validators - and if they don't they forfeit their tokens. You can compare our release schedule to any other project. We have one of the most restricted circulating supply schedules of any project EVER and its because all our investors are commiting to the long-term success of the project and believe in Kava.
  • About the pricing itself - it is always a function of traction like for any start-up. When we made our public announcement about the project in June, we were only a 4 man team with just some github code. We could basically run a network with a single node, our own. Which is relatively worthless. I think our pricing of Kava at this time was justified. We were effectively a seed-stage company without a product or working network.
  • By July we made severe progress on the development side and the business side. We successful launched our first test net with the help of over 70 validator business partners around the world. We had a world-wide network of hundreds of people supporting us with people and resources at this point and the risk we would fail in launching a working product was much lower. At this point, the Kava project was valued at $25M. At this point, we had many VCs and investors asking for Kava tokens that we turned away. We only accepted validators that would help us launch the network. It was our one and only goal.
  • Fast forward to today, the IEO price simply reflects the traction and market demand for Kava. Our ecosystem is much larger than it was even a month ago. We have support from Ripple, Cosmos, and Binance amongst other large crypto projects. We have 100+ validators securing our network with very sophisticated high-availability set-ups. In addition, our ecosystem partners have built products for Kava - such as block explorers and others are working on native integrations to wallets and exchanges. Launchpad will be very big for us. Kava is a system designed to cater to crypto traders and investors and in a matter of days we distributed via Binance Launchpad and put in the hands of 130+ countries and tens of thousands of users overnight. It doesn't get more DeFi than that.
  • TLDR - I think KAVA is undervalued and the liquid supply of tokens is primarily from the IEO so its a safer bet than other IEOs. If the price drops, it will be from the overall market conditions or fellow IEO users not due private sale investors or team sell-offs.

Q48:

Can you introduce some information abouts KAVA Deflationary Fee Structure? With the burning mechanism, does it mean KAVA will never reach its max supply?

  • Answer: When loans are repaid, users pay a fee in Kava. This is burned. However, Kava does not have a max supply. It has a starting supply of 100M. It inflates for block rewards 3-20% APR AND it inflates when the system is at risk of under collateralization. At this time, more Kava is minted and used to purchase USDX off the market until it reaches full collateralization again.
  • TLDR: If things go well, and governance is good, Kava deflates and hopefully appreciates in value. If things go wrong, Kava holders get inflated.

Q49:

In your opinion what are advantage of decentralized finance over centralized?

  • Answer: One of the main advantages is not needing to pay the costs of regulation and compliance. Open financial software that is usable by anyone removes middle men fees and reduces the barrier for new entrants to enter and make new products. Also DeFI has an edge in terms of onboarding - to get a bank account or an exchange account you need to do lots of KYC and give private info. That takes time and is troublesome. With DeFi you just load up your funds and transact. Very fast user flows.

Q50:

Plan, KAVA how to raise capital? Kava is being supported by more than 100 business entities around the world, including major cryptocurrency investment funds like Ripple and Cosmos, so what did kava do to convince investors to join the project?

  • Answer: We have been doing crypto research and development for years. Ripple and Cosmos were partners before we even started this blockchain with Kava Labs. When we announced Kava the DeFi platform they knew us already to do good work and they liked the idea so they support us.
submitted by Kava_Mod to KavaUSDX [link] [comments]

13 Months of ADOPTION! -- NANO accepted here! (10)

Hi everyone,
Until May 2018 I posted this on a regular basis since the adoption rate was high. Sometimes we had several new entries per day. Then adoption slowed down and also private work slowed me down.
Also, USE NANO, https://usenano.org appeared and took over some of the work.
usenano.org's listings do not fully match this list and vice versa. Both of us would need to invest some work in order to provide a full list. ;-) -- Both lists together should provide a good overview.
Also: A few weeks ago BrainBlocks reported about 2000 merchants using BrainBlocks. In case they are reading here, please let us know.
This said, I am re-publishing The Reddit NANO Directory
Adoption is crucial! Adoption is king!
ATTENTION: The new Reddit design has screwed up the correct counting in here.
If you switch to the old Reddit design, you will realize, that I am able to count from 1 to over 130.
Dear online merchants,
Please state visibly that you accept NANO and I will be glad to link you here. As a customer I would like to learn about this payment option before having worked my way through to checkout. At the same time this is a great opportunity to advertise NANO as a currency ... on more than 130 sites so far!
Examples: 01, 02, 03, 04.
INTRO 1 (Jan 20, 2019)
After 13 months of adoption we are counting at least 155 (update to follow) shops / options to spend NANO.
This means a current growth rate of <1 shop per day.
NANO has been accepted so far in the US, CZ, GER, UK, CAN, AUS, BRA, FRA, AT, NL, TUR, PH, NZ, JP, RU + CW (Curaçao) + HR (Croatia), ITA, GR (Greece), IRL!!
UPDATED COUNTER: 157 shops / options
NANO Media Kit - logos for websites, apps, etc., https://www.reddit.com/nanocurrency/comments/7wh5uz/nano_media_kit_logos_for_websites_apps_etc
NANO Sign, great tool for merchants: http://nanosign.org
NANO Wallpapers, https://www.nano-wallpapers.com
New shop? Please post below or PM me and link me to your NANO sign on your site.
INTRO 2
1) This is the follow-up on https://www.reddit.com/nanocurrency/comments/8lvakf/5_months_of_adoption_nano_accepted_here_9
2) Please also find four other directories here:
a) USE NANO, https://usenano.org
b) Nano Acceptance on Google Maps, https://drive.google.com/open?id=1k8DqkaVf51xNr8l7bCUUQhJ23FJuQmnM&usp=sharing
c) all.things.nano, https://www.allthingsnano.net -- No longer maintained??
d) NANO is FAST, https://nanoisfast.com/websites-accepting-nano-payments
The Reddit NANO Directory
NANO ACCEPTED HERE!, https://nanothings.store/product/nano-accepted-here-window-sticke#
-- Hopefully in correct chronological order. -- Shop at your own risk!
Dec 24, 2017
1) Made by Docs, US, natural toothpaste, https://www.madebydocs.com (Were you #1?)
2) Josh’s Jungle!, US, salts & fresh peppers, https://www.joshjungle.com (Were you #1?)
3) Growing Opportunities International (GO!), US, donations, http://www.growingopportunitiesinternational.org/donate.html (Were you #1?)
4) BlockFevr, closed, https://blockfevr.com/game/dice/XRB
5) RaiGames, US, Social RaiBlocks Gambling, https://raigames.io/ -- (Be careful with gambling!) WARNING: https://www.reddit.com/RaiBlocks/comments/7qgxgl/raigamesdo_not_deposit_rai_warning/
6) deleted
7) smallsound/bigsound, US, guitar pedals, http://www.smallsoundbigsound.com/pay-with-cryptocurrency
8) Medbooks.CZ, CZ, used medical books classifieds, https://www.medbooks.cz
9) Late Apex, US, T-Shirts, mugs, phone cases: https://late-apex-racing.com/pages/home-tracks
Jan 09, 2018
10) Naturkost Leiferde, GER, organic food, http://www.naturkost-leiferde.de
Jan 10, 2018
11) RauchRoad, US, sunglasses, https://rauchroad.com
12) headphones.com, US, headphones, https://www.headphones.com
What this shop has learned from accepting NANO: https://www.reddit.com/nanocurrency/comments/7x3qr1/headphonescom_started_accepting_nano_a_month_ago/
Jan 14, 2018
13) Wild und Frei – Headshop.de, GER, headshop, https://wildundfrei-headshop.de
14) Hitsteps, US, realtime website analytics, https://www.hitsteps.com
15) PexPeppers, US, hot sauce, https://www.pexpeppers.com
16) Rah Straps, CAN, handmade camera straps, http://rahstraps.bigcartel.com
17) The Series One Shop, AUS, parts for real Land Rovers, http://www.seriesoneshop.com
Jan 15, 2018
18) SF BMW CODING; US, BMW coding, https://www.sfbmwcoding.com/now-accepting-raiblocks
19) Scott Mills, US, art, http://scottmillsart.com
20) Desert Island Survival, US, desert island survival courses, http://www.desertislandsurvival.com
21) Sekerka Tomáš, CZ, art, http://sekerkatomas.cz
22) Lindleys Autocentres, UK, car services, https://www.lindleysautocentres.co.uk
23) Imaginaire Digital, UK, web design agency, https://www.imaginaire.co.uk
Source: http://www.nottinghampost.com/news/business/bitcoin-now-being-accepted-payment-1064600
Jan 16, 2018
24) Grow Kit, CAN, grow shop, https://thegrowkit.ca/faq
Jan 21, 2018
25) Half Moon Mods, US, vape shop, https://www.halfmoonmods.com
Jan 23, 2019
26) Vape Club International, Malaysian vape juices and e-liquids, https://vapeclubmy.com
27) deleted
28) Doppel Store, Brasil, online store, https://www.doppelstore.com.br
29) DONGA, France, interior, https://www.donga.fr
30) Cryptodesign, US, cryptocurrency-related artwork, https://cryptodesigns.io
Jan 25, 2018
31) Fermentation Culture, AT, shop for Koji spores, http://www.fermentationculture.eu
32) Irische Nacht, GER, Irish music night, http://www.irische-nacht.rocks
33) Tony's Eliquid Co., US, vape lemonade flavors, https://tonyseliquid.com
34) Love At Every Sight, US, personalized cards and wine labels, https://loveateverysight.com/faq
Jan 26, 2018
35) PPC Protect, US, protection against click fraud, https://ppcprotect.com
36) EDGEWORTH, US, design company, https://edgeworthdesigncompany.com
37) D.o.A-C., Department of Art-Cryptomancy, US, Cryptomancy is, generally, a magical act intended to interface with the blockchain. This is not done simply for financial gain, but in fact more generally: to steward mystical and numinous interactions with the blockchain. http://www.doac.us
Jan 27, 2018
38) ACL CREATIVE STUDIO, US, film and book distribution, branding, editorial design, http://aclcreativestudio.com
Jan 29, 2018
The Copper Hat, CAN, quality wet shaving supplies, https://thecopperhat.ca
Jan 30, 2018
39) Domein-Direct, NL, webhosting & more, http://www.domein-direct.com
Jan 31, 2018
40) WK|END EYEWEAR, US, party sunglasses, https://wkend.club
Feb 2, 2018
41) Crypto Audio Club, US, erphones & erbuds, https://cryptoaudio.club
Feb 5, 2018
42) Brisbane Tech Repairs, AUS, Brisbane's first cryptocurrency friendly IT service!, http://www.brisbanetechrepairs.com
43) Online language teacher, https://www.reddit.com/nanocurrency/comments/7vetnx/i_am_an_online_language_teacher_and_i_accept_nano
44) NanoMerch.net, US, NANO merchandise, http://nanomerch.net
45) Bitcoin Psychic, US, live psychic readings by phone, text and chat, https://bitcoinpsychic.wixsite.com/bitcoinpsychic
Feb 12, 2018
46) LUCKY NANO, US, online poker, https://www.luckynano.com
47) LEYLAND, US, women's activewear, https://www.leyland.com
Feb 13, 2018
48) MEMTO, NL, personally made memorials, http://www.memto.nl
49) GPS Tracking Made Easy, US, GPS tracking devices for regular people and small businesses, https://gpstrackingmadeeasy.com
50) Korbinian Vogt, GER, special photo prints, https://korbinianvogtprint.com
Feb 14, 2108
51) SomaVita, US, ElevatePlus, supplement, https://www.somavitasupplements.com
Feb 16, 2018
52) Textracto, US, turns articles into data, https://textracto.com
53) CUT ALL THE SHIT, US, bullshit-free web hosting company, https://www.cutalltheshit.com
54) AZEWATE, TUR, metalworks shop, https://azewate.com
Feb 18, 2018
55) SLYDEV, AUS, 3D printed nerf accessories, https://www.slydev.com.au
Feb 19, 2018
56) The Milk Road, US, coffee roaster, https://www.milkroadcoffee.com
57) Work for NANO, US, Make It, Sell It And Earn Nano, http://www.workfornano.com
Feb 23, 2018
58) 1up coin, Accept Cryptocurrencies on your Stream! By using Twitch/YouTube, StreamLabs/StreamElements & Coinbase APIs we make it easy for you to accept Cryptocurrency donations!, https://1upcoin.com
59) NanoTwit.ch, NanoTwit.ch is a service for Twitch streamers and their viewers. https://nanotwit.ch
60) NANO THINGS, US, everything NANO, https://nanothings.store
Feb 24, 2018
61) Pure Nootropics, US, pure nootropics, https://www.purenootropics.net
62) STRUCTGLASS, AUS, Australia’s safest structural glass balustrade system, https://structglass.com.au
63) Daniel R. Treccia, US, Innovative Books in Sports Performance and Exercise Immunology, http://danieltreccia.com
Feb 25, 2018
64) Mentevagante, freelance artist and musician, https://www.reddit.com/Art/comments/7zg09v/that_look_ballpoint_pen_15x21/
65) Hamburg Maths Tutors, GER, Hamburg Maths Tutors, http://www.hamburgmathstutors.com
66) Digital Media Design, UK, digital media design, http://iinde.com
67) OB Club, US, non-profit medical marijuana delivery service, https://organicbudclub.com
68) Blade + Brow, US, Korean 6D Nanoblading (;-)), freckling, and hairlines, https://www.bladenbrow.com
69) Voetbal Quiz, NL, online football quizzes (in Dutch), http://www.voetbalquizkopen.nl
70) Cryptogirls, US, sexy shows, http://cryptogirls.live
Feb 26, 2018
71) Guess Winner, sports bets, https://guesswinner.com
March 01, 2018
72) Cryptimber, UK, NANO wood art, https://cryptimber.co.uk
March 02, 2018
73) Wit Working, BRA, coworking space in shared environments, https://www.witworking.com
74) Moriarti Watches, US, watches, https://moriartiwatches.com
75) VPN Into China, VPN service to access chinese websites with ip restrictions in China, https://vpnintochina.com
March 03, 2018
76) Laser Trees, US, jewelery, http://lasertrees.com
77) Kaizen, GER, sports socks, https://kaizen-sports.de
78) Healthy Harvest, US, hydroponics and horticultural supplies, https://www.healthyharvest.com
79) Be A Little Chaotic, US, T-shirts, hats, https://bealittlechaotic.com
80) NANO is FAST, US, "PAY WITH NANO" stickers, https://nanoisfast.com
March 04, 2018
81) CoinSpec, US, hardware wallets, https://coinspec.net
82) Gecko Vapes, UK, Vaping and E-Liquids, https://geckovapesco.com
83) Sara Carli, US, art, contemporary realism in oil, https://saracarli.com
84) Black Block Research, US, 'On-Chain Investment Intelligence', research, analysis and insights into the cryptocurrency markets, https://blackblockresearch.com
85) Luckygames, US, gambling, https://luckygames.io
86) ThinkHODL, US, crypto merchandise, https://thinkhodl.com
87) Canadian Bitcoin Giftcard, CAN, electronic gift cards, https://canadianbitcoingiftcard.ca
March, 10, 2018
88) PINOY GAME STORE, PH, online game store, http://www.pinoygamestore.com
89) mae., US, websites: design & branding, http://designedbymae.com
90) Nanod.es, service to spin up one's own Nano representative, https://nanod.es
March 12, 2018
91) Shillshack, crypto decals and T-Shirts, US, https://shillshack.com
92) Astral Clouds, vape juice, US, https://www.astralcloudz.com
93) APShaveCo, US, unique knots and brushes, https://www.etsy.com/ca/shop/APShaveCo
94) BINARY CABIN, US, custom web applications, employee management, CRM systems, https://binarycabin.com
95) betNANO, US, NANO lottery, https://betnano.win
96) NANO Poker, online poker, https://nanopoker.club
March 16, 2018
97) HODLFORK, US, cryptocurrency enamel pin collection, https://hodlfork.com
98) WOODLAND SHADES, US, sunglasses, watches, https://woodlandshades.com
Please read this: https://www.reddit.com/nanocurrency/comments/8h0pwj/do_not_send_your_nano_to_woodlandshadescom_you
March 21, 2018
99) Xenogifts, Free games, gift cards and more, https://www.xenogifts.com/blog/Cryptocurrencies-have-been-added-as-rewards.php
100) Eliquids.nz, NZ, E-Liquids, https://www.eliquids.nz
101) RISING SUN RECORDS, JP, records, https://risingsunrecords.shop
102) Crypto Apparel Company, UK, apparel, https://cryptoapparelcompany.co.uk
March 29, 2018
103) NANO meetups, NANO meetups info, best "NANO accepted here" sign so far, https://www.nanomeetups.com
April 02, 2018
104) VPWR, US, apparel, https://vpwrapparel.com/collections/nano
105) nanoboxes (= NANO-digital-ebay), buy and sell your digital products with Nano, https://nanobox.es
April 24, 2018
106) InkHip, US, apparel, https://inkhip.com
April, 26, 2018
107) The Crypto Factory, NANO Collectible Coin, https://www.thecryptofactory.io
April 30, 2018
108) Vityaz-Hotel, RU, hotel on Crimea, www.vityaz-hotel.ru
May 01, 2018
109) Dreamlandmagic, US, Magic Shop, https://www.dreamlandmagic.com
May 14, 2018
110) SatoshiMarket, US, embroidered polos, https://satoshimarket.io
May 22, 2018
111) PVP.me, CW (Curaçao), sports & esports betting, https://pvp.me
May 26, 2018
112) A Tempo, NL, classic car, nanocurrency
May 28, 2018
113) deleted
May 29, 2018
114) Silicon Lottery, US, processors, https://siliconlottery.com
June 1, 2018
115) Lynx Art Collection, US, artwork, https://lynxartcollection.com
June 2, 2018
116) AlcoYoung, US, alcohol gadgets, https://alcoyoung.com
June 3, 2018
117) Nano Coffee, US, coffee, https://nanocoffee.shop
June 4, 2018
118) Insight Music, UK, independent record label, http://insightmusic.co.uk
June 8, 2019
119) Menta za koktele, HR, mint cocktails in Croatia, Koktelmenta
June 10, 2018
120) What's Crypto?, GER, apparel, https://whats-crypto.com
June 20, 2018
121) EUTRINO, electronics, https://eutrino.com
July 06, 2018
122) Anonymous Venezuelan merchant accepted 29 NANO for 102 kg of food incl.cornmeal, meat, rice, sugar, beans, sauces and avocados. https://www.reddit.com/nanocurrency/comments/8wfl2venezuelan_user_i_bought_102_kg_of_food_today
July 25, 2018
123) Allin.bet, US, NANO poker, https://allin.bet
Aug 23, 2018
124) Bendigo Radiators, AUS, radiators, www.bendigoradiators.com
Oct 26, 2018
125) Hair Care Studio Angelika, Venlo, NL, no website
Nov 03, 2018
126) 100MilaCaffè, Turin, ITA, cafe, https://cryptoicocash.com/news/il-primo-caffe-acquistato-in-criptovaluta-nano-in-italia
127) RIVALS, US, photographer, http://www.keenanrivals.com
Jan 05, 2019
128) Kirinos Pizzaria, Rio, Brazil, pizzaria, https://twitter.com/oih_ana/status/1081471927275925505
Jan 11, 2019
129) BullHQ.com, US, apparel, https://bullheadquarters.com/collections/nano
Jan 19, 2019
130) 35North, GR, Olive Oil, https://35north.eu, (Welcome Greece!)
Jan 20, 2019
131) mickmon, IRL, music, http://mickmon.com/myself (Welcome Ireland!)
Feb 04, 2019
132) Travala.com, US, INT, Online Travel Agency, https://www.travala.com
DOCUMENTED PURCHASES with RaiBlocks
Jan 4, 2018
First recorded purchase with XRB/NANO: — 1 XRB bought 1 jar of toothpaste!
https://www.reddit.com/RaiBlocks/comments/7nya51/it_feels_good_to_support_companies_taking_a
Jan 10 & 11, 2018
Second & third recorded purchase with XRB/NANO:
— Audio-Technica DSR7BT headphones sent to Mikael in Finland (claimed on March 13)
— 2 shock absorbers for a Land Rover for 1.5 XRB, (from the deep archives: https://www.reddit.com/RaiBlocks/comments/7suvwd/one_month_of_adoption_raiblocks_accepted_here_3/dt7nuq0 )
Jan 12, 2018
Fourth purchase with XRB/NANO: — First album ever sold for XRB/NANO,
https://www.reddit.com/RaiBlocks/comments/7ps861/accepting_xrb_for_my_album_mistakes_made_carefully/
Jan 20, 2018
Purchase #5 and #6: It's toothpaste and peppers! https://imgur.com/a/kIVy7
https://www.reddit.com/RaiBlocks/comments/7pc8ot/made_a_couple_of_really_cool_purchases_with
Jan 20, 2018
Purchase #7: -- It's sunglasses!
https://www.reddit.com/RaiBlocks/comments/7rqae9/buyrai_rauchroad_unboxing_and_review
Jan 22, 2018
Purchase #8 -16: "So far there have been 8 or 9 successful XRB payments" for hot sauces: https://www.reddit.com/RaiBlocks/comments/7s23lh/just_got_my_first_physical_xrb_purchase
Jan 26, 2018
Purchase #17: vape lemonade flavors, https://www.reddit.com/RaiBlocks/comments/7t7com/just_made_my_first_ever_payment_with_xrb_could
VIDEOS
Documenting purchases with RaiBlocks: https://www.youtube.com/watch?v=pQ1jQs2GxBU
MARKETPLACES
Jan 23, 2018
1) BlockVerse, RaiBlocks MarketPlace, https://blockverse.io
2) BITLIT, open marketplace for buying and selling items/services online, https://bitlit.io
3) NANO LISTING, US, marketplace where you can list goods and services for NANO, https://www.nanolisting.com
4) OpenBazaar, Planning stage, https://www.reddit.com/RaiBlocks/comments/7s2uvi/the_openbazaar_peertopeer_marketplace_is_looking
GAMES & APPS
1) RaiBlocks App, US, Price, Graph, News, https://itunes.apple.com/us/app/raiblocks/id1334362676?mt=8
RENT, REAL ESTATE
1) First rent paid with RaiBlocks: https://www.reddit.com/RaiBlocks/comments/7olpeg/rent_in_raiblocks
SPAIN, ARGENTINA, INDIA, KOREA, DUBAI, SINGAPORE, ... AFRICA, ...
Anyone out there?
INFRASTRUCTURE
1) BrainBlocks, simple checkout for RaiBlocks, https://brainblocks.io
How to integrate a NANO gateway via BrainBlocks to your website (Programmers Guide) http://www.hitsteps.com/blog/how-integrate-nano-cryptocurrency-payment-gateway-via-brainblocks-to-your-website
2) GetXRB Start accepting RaiBlocks payments for your business -- GetXRB is an API for generating XRB invoices on the fly. -- https://www.getxrb.com
3) RaiPay for WooCommerce, WooCommerce payment gateway plugin that allows your customers to pay with RaiBlocks via RaiPay, https://github.com/coenjacobs/raipay-woocommerce
4) More: https://www.reddit.com/RaiBlocks/comments/7pxtns/hi_i_did_nothing_special_for_this_community_but
5) BrainBlocks Shopware Integration, https://www.reddit.com/RaiBlocks/comments/7rzkgh/brainblocks_shopware_integration
6) ArrowPay. Use ArrowPay's prebuilt plugins and tools to quickly and easily start accepting RaiBlocks on your website. https://arrowpay.io
7) Vaulty, one link for all accepted cryptos on your site, https://www.vaulty.io
8) python based program that displays the merchant's receive address as a QR code for the customer to scan, as well as displaying the transaction details in both FIAT and Crypto. More details: https://www.reddit.com/nanocurrency/comments/80ddbl/i_wrote_a_program_to_make_accepting/
Regular edits & updates.
Please let me know, in case I have forgotten anyone. Thanks.
submitted by Koba7 to nanocurrency [link] [comments]

NEW COINDEAL Listing - Digital Fantasy Sports (DFS)

The Digital Fantasy Sports (DFS) which is a premium blockchain sports arcade, an innovative fantasy sports gaming token and arcade based on the blockchain technology power driven by Ethereum smart contracts, emerge a winner in the 11th voting on the Coindeal platform. Coindeal exchange announced the Digital Fantasy Sports native token "DFS" as the winning cryptocurrency and will be trading on the Coindeal exchange between now and January 2019 after every necessary documentation. Every Digital Fantasy Sports and Coindeal's platform users will be able to trade on the vote of confidence –DFSToken.

WHY CHOOSE COINDEAL?

Coindeal exchange is an ground-breaking Cyprus-based cryptocurrency trading platform developed by Verified Trading Solution Limited that provides secure, fast and convenient cryptocurrency exchange services with unique features such as round the clock customer support team, real-time auditing, hundred percent uptime, personal (with a daily withdrawal limit of 100 BTC) and corporate account (unlimited withdrawal limit) opening, offers market and stop-loss order, fast deposit and withdrawals with credit card – supports Visa and Mastercard, inimitable transparency where users are allowed to have access to checking and knowing the exchange balances at any point in time – this is to make sure there are enough funds to service the platform users, and supports top cryptocurrencies such as LTC/BTC, BCH/BTC, ETH/BTC, DASH/BTC, QTUM/BTC and BTC/EUR trading pairs, and many more. Coindeal's platform charges is cost-effective with free deposit fees for all cryptocurrencies including fiat currencies. CoinDeal offers outstanding trading fees of 0.4% for market taker and 0.3% for the market maker, on all pairs. The withdrawal charges for BTC is 0.0008 BTC, while the withdrawal fees for other cryptocurrencies is 0.01 of the corresponding coin.The most important aspect of Coindeal is the platform absolute security– 90% of all Coindeal's funds are stored in a cold offline storage, while the company and client funds are kept under the custody of a Swiss Bank and Danish bank respectively. The platform is secured by SwissSign, SSL secure connection, and Cloudflare. Coindeal platform has charting tools and order book. Coindeal platform is transparent when it comes to the voting of cryptocurrencies – users are allowed to vote their coin of choice why Coindeal verifies the votes to make sure there is no bot-voting.

DIGITAL FANTASY SPORTS – ESPORTS GAMING PLATFORM

Getting full access to the Digital Fantasy Sports gaming platform is by registering yourself as a DFS member. Visit here for how to register as a member. Digital Fantasy Sports is using its own native currency "DFS" token and blockchain to skyrocket Esports and game lovers to the next level like never before. The Digital Fantasy Sports platform has its own Crypto Esports League platform for Peer-to-Peer (P2P) predictions for all game lovers globally. DFS is the first competitive gaming platform to be power-driven by blockchain technology thereby giving the power of prediction, competition, winning and lots more to the game players while providing the fastest means to deliver their hard-earned winnings directly to their DFS wallet. Digital Fantasy Sports is an ecosystem of competitive gaming. Thousands of players have predicted and won DFS token and you are not left out of the hard earn winnings which are a few clicks away. Arguably, Digital Fantasy Sports is the world's most legendary Esports League platform were you predict your preferred Esports Leagues with multiple fantasy choices utilizing DFS token. In the DFS platform, you can play your preferred day to day fantasy sports such as NFL (football), NHL (hockey), NBA (basketball), MLB, and lots more. Unlike the gambling sites that you pay to play, in DFS platform, users can play for fun without you paying a cent, enter the daily contest – this is only open to all members of DFSDraftlash, and visitors. DFS platform is so unique that you can create your own personalized and private contest thereby enabling you to invite your friends and families through email, social and by means of text message. The games are user-friendly that even a novice can be part of it, players can draft their own team from the player pools, and there is an auto-draft your team when you are not too sure of whom to select, DFSDraftlash offers an automated generated competitive lineup.The Esports market is a robust consumer market with untapped potential and core investors, giant-brand sponsors, renowned celebrities, core tech industries, and many more are all banking on Esports which makes Esports a legendary on the Digital Fantasy Sports platform. The Digital Fantasy Sports platform is leveraging the benefits of blockchain to spread-out smart contracts, host tournaments, fuel prediction, and ease the buying of virtual assets.Digital Fantasy Sports permits players to test their gaming skills and to predict on games without being dependent on intermediaries who incur a lot of charges, traditional money transfers and financial regulations.Digital Fantasy Sports native token "DFS" is solving real-world PROBLEMSsuch as different virtual money, transparency, issues of exchange of fiat to cryptocurrency, security issues, delays in payout, restrictions in gaming as a result of gambling regulations in some country, similar games across various platforms, high fees, and many more.Digital Fantasy Sports token "DFS" is developed as an Ethereum-based cryptocurrency for Esports tournaments platforms for prevalent games such as COD, FIFA, Rocket League, FORTNITE, Counter-Strike Global offensive (CS-GO), PUBG and many more that you can access on the platform.

DFS SOLUTIONS TO THE AFOREMENTIONED PROBLEMS

BENEFITS OF USING DFS PLATFORM

GAMES ON THE DFS PLATFORM

PURCHASING DFS TOKEN

Users can purchase DFS token using their Visa card, American Express card, and Mastercard, PayPal, and various cryptocurrencies such as Ethereum, Ripple, Dash, Neo, Bitcoin, Monero and others on the Digital Fantasy Sports platform.

However, DFS token is tradable in the following exchanges:
Idex
Radar
Relay
Wandex

CONCLUSION

Digital Fantasy Sports adopting the Blockchain technology is seen to have the potential to revolutionize an extensive range of industries. Play the DFS arcade games, compete in the tournaments every night, and many more to win DFS tokens which can be exchangeable to other cryptocurrencies. More so, do not forget to join DFS Discord where a lot of DFS bounties awaits you while you are being rewarded DFS tokens.

GET IN TOUCH WITH DIGITAL FANTASY SPORTS

WEBSITE
WHITE PAPER
DISCORD
TWITTER
REDDIT
INSTAGRAM
TWITCH
BITCOINTALK
YOUTUBE
submitted by gurassicp to CryptoCurrencyTrading [link] [comments]

LOW CAP - COINDEAL Listing - Digital Fantasy Sports (DFS)

The Digital Fantasy Sports (DFS) which is a premium blockchain sports arcade, an innovative fantasy sports gaming token and arcade based on the blockchain technology power driven by Ethereum smart contracts, emerge a winner in the 11th voting on the Coindeal platform. Coindeal exchange announced the Digital Fantasy Sports native token "DFS" as the winning cryptocurrency and will be trading on the Coindeal exchange between now and January 2019 after every necessary documentation. Every Digital Fantasy Sports and Coindeal's platform users will be able to trade on the vote of confidence –DFSToken.

WHY CHOOSE COINDEAL?

Coindeal exchange is an ground-breaking Cyprus-based cryptocurrency trading platform developed by Verified Trading Solution Limited that provides secure, fast and convenient cryptocurrency exchange services with unique features such as round the clock customer support team, real-time auditing, hundred percent uptime, personal (with a daily withdrawal limit of 100 BTC) and corporate account (unlimited withdrawal limit) opening, offers market and stop-loss order, fast deposit and withdrawals with credit card – supports Visa and Mastercard, inimitable transparency where users are allowed to have access to checking and knowing the exchange balances at any point in time – this is to make sure there are enough funds to service the platform users, and supports top cryptocurrencies such as LTC/BTC, BCH/BTC, ETH/BTC, DASH/BTC, QTUM/BTC and BTC/EUR trading pairs, and many more. Coindeal's platform charges is cost-effective with free deposit fees for all cryptocurrencies including fiat currencies. CoinDeal offers outstanding trading fees of 0.4% for market taker and 0.3% for the market maker, on all pairs. The withdrawal charges for BTC is 0.0008 BTC, while the withdrawal fees for other cryptocurrencies is 0.01 of the corresponding coin.The most important aspect of Coindeal is the platform absolute security– 90% of all Coindeal's funds are stored in a cold offline storage, while the company and client funds are kept under the custody of a Swiss Bank and Danish bank respectively. The platform is secured by SwissSign, SSL secure connection, and Cloudflare. Coindeal platform has charting tools and order book. Coindeal platform is transparent when it comes to the voting of cryptocurrencies – users are allowed to vote their coin of choice why Coindeal verifies the votes to make sure there is no bot-voting.

DIGITAL FANTASY SPORTS – ESPORTS GAMING PLATFORM

Getting full access to the Digital Fantasy Sports gaming platform is by registering yourself as a DFS member. Visit here for how to register as a member. Digital Fantasy Sports is using its own native currency "DFS" token and blockchain to skyrocket Esports and game lovers to the next level like never before. The Digital Fantasy Sports platform has its own Crypto Esports League platform for Peer-to-Peer (P2P) predictions for all game lovers globally. DFS is the first competitive gaming platform to be power-driven by blockchain technology thereby giving the power of prediction, competition, winning and lots more to the game players while providing the fastest means to deliver their hard-earned winnings directly to their DFS wallet. Digital Fantasy Sports is an ecosystem of competitive gaming. Thousands of players have predicted and won DFS token and you are not left out of the hard earn winnings which are a few clicks away. Arguably, Digital Fantasy Sports is the world's most legendary Esports League platform were you predict your preferred Esports Leagues with multiple fantasy choices utilizing DFS token. In the DFS platform, you can play your preferred day to day fantasy sports such as NFL (football), NHL (hockey), NBA (basketball), MLB, and lots more. Unlike the gambling sites that you pay to play, in DFS platform, users can play for fun without you paying a cent, enter the daily contest – this is only open to all members of DFSDraftlash, and visitors. DFS platform is so unique that you can create your own personalized and private contest thereby enabling you to invite your friends and families through email, social and by means of text message. The games are user-friendly that even a novice can be part of it, players can draft their own team from the player pools, and there is an auto-draft your team when you are not too sure of whom to select, DFSDraftlash offers an automated generated competitive lineup.The Esports market is a robust consumer market with untapped potential and core investors, giant-brand sponsors, renowned celebrities, core tech industries, and many more are all banking on Esports which makes Esports a legendary on the Digital Fantasy Sports platform. The Digital Fantasy Sports platform is leveraging the benefits of blockchain to spread-out smart contracts, host tournaments, fuel prediction, and ease the buying of virtual assets.Digital Fantasy Sports permits players to test their gaming skills and to predict on games without being dependent on intermediaries who incur a lot of charges, traditional money transfers and financial regulations.Digital Fantasy Sports native token "DFS" is solving real-world PROBLEMSsuch as different virtual money, transparency, issues of exchange of fiat to cryptocurrency, security issues, delays in payout, restrictions in gaming as a result of gambling regulations in some country, similar games across various platforms, high fees, and many more.Digital Fantasy Sports token "DFS" is developed as an Ethereum-based cryptocurrency for Esports tournaments platforms for prevalent games such as COD, FIFA, Rocket League, FORTNITE, Counter-Strike Global offensive (CS-GO), PUBG and many more that you can access on the platform.

DFS SOLUTIONS TO THE AFOREMENTIONED PROBLEMS

BENEFITS OF USING DFS PLATFORM

GAMES ON THE DFS PLATFORM

PURCHASING DFS TOKEN

Users can purchase DFS token using their Visa card, American Express card, and Mastercard, PayPal, and various cryptocurrencies such as Ethereum, Ripple, Dash, Neo, Bitcoin, Monero and others on the Digital Fantasy Sports platform.

However, DFS token is tradable in the following exchanges:
Idex
RadarRelay
Wandex

CONCLUSION

Digital Fantasy Sports adopting the Blockchain technology is seen to have the potential to revolutionize an extensive range of industries. Play the DFS arcade games, compete in the tournaments every night, and many more to win DFS tokens which can be exchangeable to other cryptocurrencies. More so, do not forget to join DFS Discord where a lot of DFS bounties awaits you while you are being rewarded DFS tokens.

GET IN TOUCH WITH DIGITAL FANTASY SPORTS

WEBSITE
WHITEPAPER
DISCORD
TWITTER
REDDIT
INSTAGRAM
TWITCH
BITCOINTALK
YOUTUBE
submitted by gurassicp to CryptoMoonShots [link] [comments]

The International 2018 in Vancouver FAQ (Updated!)

Hey there again, you punks.
So with a tip coming from some of the moderators on the board, I've decided just to quickly update this FAQ that I wrote a few months back since TI is next week and I'm sure many of you still have a ton of questions. I've gotten some more information that I can pass down to you in regards to Vancouver but also now TI as well, including updated marijuana laws and beer recommendations.
Two quick notes:

VANCOUVER WEATHER

This summer has been an extremely hot season in Vancouver (at least in Vancouverite standards). Like anyone who attended in Seattle last year, there is noticeable smoke in the air in the city due to the fires all over the Pacific North West. If you have breathing issues or health related problems do to particles in the air, be advised that there is currently an Air Quality Advisory in effect so act accordingly. Wind/Rain will most likely clear up any issues going into next week, but just a heads up in case new fires flare up or we aren't blessed with some light rain. Forecast is looking to be sunny through midweek and the finals, with an average of about 23-25C.

THE PACIFIC NATIONAL EXHIBITION IS OPEN!

A staple for Vancouver residents since 1910, the PNE will be open from August 18th-September 3rd (closed on August 20th & 27th). If you're looking to do something after a midweek day, the PNE is the perfect place to go checkout for a fun night out filled with events, concerts, beer gardens, crazy carny food, rides, maybe BSJ, shopping and a lot more. This article will tell you everything you need to know about the PNE, how to get there and what's going on.
ALSO BOYZ II MEN AUGUST 18TH GET HYPED.

PLACES TO STAY

Yes, but it's not exactly regulated by AirBnB. Feel free to stay at one through AirBnB but know that it might be a little tricky to deal with issues if they come up with your rental. Also while you're at it, check out VRBO.
The general piece of advice you'll get from any local about where to stay for TI is going to be anywhere that's on the Skytrain Expo Line (the line in dark blue). The Expo Line will take you to Stadium-Chinatown station, which is where Rogers Arena is 30 seconds away. As in Seattle, the closer to downtown you are, the more expensive it is to stay.
Unlike Seattle Center, there aren't very many budget hotels left, if at all in the Downtown core. The cheaper hostels are available, though fair warning, many of them are placed on Granville Street, which is a place that many Vancouverites will tell you to avoid while you're here (Though I have never stayed at a hostel on Granville, if anyone has an experience, feel free to share). Check out the Ramada Inn and the Days Inn near Waterfront for some cheaper-ish options.
In my mind, there are two places that I would keep a look-out for avoiding while you visit Vancity.
  1. Granville Street. During the day time it's normally fine, filled with some cool shops (Golden Age Collectibles, The Rock Shop, Movieland Arcade) but it's packed to the absolute max with dumbasses at night due to the amount of night clubs. There's police around every weeknight, but since you're in Vancouver for a good time, head towards Gastown, Chinatown or Main Street for places to party.
  2. Downtown East Side. If you've researched anything about Vancouver, you'll know that this area as where a large portion of the cities homeless reside. There is rampant drug use, poverty and sex work in this neighborhood, focused mainly between 5-10 blocks in the area of Main/Hastings. That being said, the community is an especially strong one, with fantastic human beings supporting the less fortunate. Though there isn't too much danger in terms of being robbed, you might want to just avoid the area at night. Be respectful to the people of this community and you'll have no problems.

TRANSIT

Sadly, no there isn't. We know, it absolutely sucks and everyone in Vancouver is aware. Your options are public transit or a taxi.
Super shitty if you don't like paying for parking. If you can, park outside of the Downtown core near a Skytrain and then head over to the Arena. Commercial Drive is pretty good for this if you can find certain spots. Tinseltown as well if you buy a movie ticket on non-event days.
If you've ever been to any major city, you'll notice that Vancouver shares the same load-up card/tap system that places like London share. It's called Compass Card and it's fairly easy to use. Just load up money onto the card, tap it when you enter and tap when you leave. It'll do all the calculations for you. Note that certain zones will cost more just due to how far you're traveling.
Yes it does! Car2Go and Evo are two of Vancouver's most popular car share services. Hot tip would be to register before you head over to Vancouver and it'll help mitigate the fact that UbeLyft aren't in Vancouver just yet. Just drive safely.
The easiest way to get to downtown from YVR, if you aren't getting picked up/taking a taxi is to take the Canada Line. It will take you directly to Waterfront station, from there you can take multiple buses, the Expo Line (the main line that will take you to Rogers Arena) or the Seabus (going to North VancouveLonsdale).

ALCOHOL

19 years old.
Vancouver has an exploding craft beer culture and you'll be happy to find that the variety of different beers/ciders to drink is absolutely massive, probably to the point of being intimidating.
Here are some of my favorite breweries and the beers that you should look out for when you're at the liquor store/pub:
Twin Sails Brewing
Dat Juice Pale Ale
Two Straws MilkShake IPA
Short Pants Mosaic IPA
Brassneck Brewing
Changeling Sour
Passive Aggressive IPA
Bjorn Again Farmhouse Ale
Steel & Oak
Changeling Sour
Passive Agressive IPA
Bjorn Again Farmhouse Ale
Bomber Brewing
Bomber Parklife Passionfruit Ale
Bomber Pilsner
Bomber Snow White IPA
Yes. First, there isn't any drinking in public if you already didn't know. Second, you must have TWO pieces of ID on you whenever you go to buy drinks in case you're asked for your ID. First piece must be photo ID, the second piece must be something with your name on it (in order for bartenders/servers to validate the first piece). I see a lot of tourists thrown off by this, so just know that Vancouver's liquor laws are much more strict than other places.
I've heard from a few Vancouver residents that this isn't exactly enforced harshly, but just to note that it is an actual law. Piece of mind.
%.05. There will be a ton of pubcrawls and side events going on for people that are attending TI and I'm sure that you'll be blasted one night or another. Please don't drink and drive. If you need a cab, here are the numbers you can contact in order to grab a taxi from downtown.
Yellow Cab: (604) 681-1111
Black Top Cab: (604) 731-1111
MacLure's Cabs: (604) 831-1111
Also, a note for people from outside of Vancouver: the cab drivers in this city are notorious for being hard to deal with at times. Broken debit machines, cash up front, not providing receipts. Use your common sense to get you through pushy cabbies. If they have a broken debit machine and they are still driving, kindly reject them and give your business to another cabbie that will. UbeLyft will be here soon and karma will bite them back.
If at anytime you are in an emergency and don't know what to do, please DM me and I will provide my contact info.

FOOD

Vancouver is a glutenous paradise of places to eat. Instead of giving you specific places to go eat, here are some links that you might find helpful in terms of recommendations:
Meowjin's Guide to TI8
The 38 Essential Vancouver Restaurants
It's To Die For List
This is not confirmed at the moment, but if the rules were anything like Seattle, you will be able to bring outside food into the arena. You are not permitted to bring liquids into the venue. You'll have to dump out your water bottle and refill it once inside. Rogers Arena might have different policies, but thankfully the venue has twice the amount of food stalls including a much more varied selection.
Everyone from Vancouver attending will hate me, but this is going to be one of the hottest tips I can give you: there is a Costco food court DIRECTLY across the street on the lower level of Rogers Arena that DOES NOT require a membership in order to buy food. It is the only Costco food court in Canada that doesn't need a membership to eat there. Hot dogs, poutine, pizza, soft drinks, ice cream and it's all lovingly Costco cheap. Enjoy!

MONEY

Visa/Mastercard are widely accepted everywhere. Cards such as American Express/Discover are also accepted most places, though a few places might reject them for whatever reason (higher charge rates, issues with their machines etc..) Best case would be to make sure you have a Visa/Mastercard with you at all times as a back-up in case you run into any issues. Most places in Vancouver also allow you to use Android/Apple Pay now as well. No bitcoin though.
Well, that's entirely up to you. If you're staying the full week, a few hundred dollars in spare Canadian currency won't hurt you, especially if majority of your spending is going to be on plastic. There's going to be the Secret Shop, but that'll be done through online ordering and not cash payments. Just don't come with nothing. Worst case, always have at least $30-$40 cash on you just in case you run into a bind. It's really entirely up to you and how you plan on spending your time here. Do note that because of the low Canadian dollar, don't be surprised if the price of certain things is higher than usual.
By far it would be the Vancouver Bullion & Currency Exchange due to their lower exchange rates. Banks will more than likely charge you higher rates than the VBCE.

ETIQUETTE

Due to the amount of fires that have started in the Pacific North West the past month or so, please do not throw your cigarette/joint butts into the street, sidewalk, bushes or wherever that isn't a proper garbage. You'll get a ton of dirty looks by locals if you do otherwise.
Canadians are known to be rather polite, we'll answer questions for you or guide you in the right direction (as long as we aren't in a huge rush). As long as you're respectful of the people around you, take care of your hygiene, don't spit on the ground, talk over people in conversation or just avoiding being a total dick, you'll be fine. Though Vancouver is a somewhat socially cold city, that's mainly in dating circles. Get some new Bumble photos up!
Most places won't have the tip included in your bill. It's common courtesy to tip between %10-%15 of your final bill if you enjoyed your meal/drink/service. Feel free to go higher if you had a really excellent time. Some places do include the tip in the bill, but will have it noted usually at the bottom of the menu.
A few. Remove your backpack when you're boarding a bus/SkyTrain in order to create more space for the people around you. Hygiene again is a big one. Remember to fill your Compass card and check your remaining balance at least once a day in case you're transiting a lot. If you see elderly/disabled/parents with strollers attempt to come on board, the polite thing to do would be to offer your seat etc..
Don't worry at all! Vancouver is an extremely multicultural city and the residents here are used to hearing many different languages daily. Best bet is if you struggle communicating with anyone for any reason, download the Google Translate app and use it to answer questions you might have in a discussion.
Use common sense. Most players/talent would be more than willing to sign an autograph or pose for a photo with you. But also be aware that much of the on-screen talent (Slacks, Kaci, panel members) will often have to be running from segment to segment, taking in matches and so on. If they seem to have a minute, ask nicely, thank them for their time and cross one off of the bucket list.
Don't throw things at Slacks.

THE ARENA

No update on this. Rogers Arena is mainly a concrete concourse, surrounded by a viaduct and multiple lower roads. Unlike Seattle Center (which had multiple fields and smaller available venues), the only place large enough outside the Arena that could hold a large crowd with a big screen would most likely be the "main" entrance through Expo Blvd/Pat Quinn Way. There are a few other options in the area, but we're going to have to wait to see how creative Valve is with the space around the Arena. Perhaps they rent out the adjacent parking lots?
No update on this also, but again, there's a lack of outdoor space beyond the concrete concourse. Sportsbar Live will be open, which also gives a view of inside the Arena while you're eating/drinking. But again, it's indoors.
From what I remember from Canucks games, yes, there are stations where you can plug your phone in to charge. But don't be surprised if a company like NVIDIA pops up a charging station outside much like in Seattle.
18,630.
One of the more obvious differences that most people will find from Key Arena to Rogers Arena, is that unlike Key Arena, Rogers doesn't have an open space concept between levels. Meaning, you won't be able to just look up to the third floor and see players hanging out like you normally would. This year, they most likely will be held in the boxes above or in the dressing rooms in the lower levels. Look for autograph times scheduled throughout the week to see your favorite players.
The only thing right now is a Vancouver Whitecaps (MLS) game on August 18th and a BC Lions (CFL) on the 25th