TITLE/(DATE)-MKRUSD LONG (HODL) (9/24)
ASSET-CRYPTO
ORDER TYPE- LIMIT ORDER
Time Frame-1D
ENTRY PRICE 1- $480 (MARKET)
ENTRY 2- $430 (PENDING)
STOP LOSS- $350
TAKE PROFIT 1-$550
TAKE PROFIT 2- $650
TAKE PROFIT 3- $750
TAKE PROFIT 4-$850
TAKE PROFIT 5-$1000
BinanceUS will list MakerDao ( MKR ). Trading for MKR /USD and MKR /USDT trading pairs will open on Thursday, August 20 at 6am PST / 9am EST.
BinanceUS users can now start depositing USD, USDT and MKR tokens to their wallets in preparation for trading to go live.
Please note: MKR tokens are temporarily only available for deposits. Withdrawals will not be enabled until trading is live.
To deposit and trade USD for MKR , you will need to pass fiat verification after completing basic and advanced verification. To deposit USD to your account before trading goes live, please set up any of the three USD payment methods available: via debit card, ACH , or wire payment. USD deposits have FDIC insurance coverage.
We continue to build America’s home for digital asset trading and are pleased to welcome MKR trading for BinanceUS users.
About BinanceUS
BinanceUS is America's home to buy, trade, and earn digital assets including Bitcoin . We deliver the lowest fees to move USD into over 30 different cryptocurrencies instantly. We continue to evaluate new cryptocurrencies to list on BinanceUS that follow our Digital Asset Risk Assessment Framework, community feedback, and market demand. Our mission is to bring financial confidence and crypto literacy to more Americans every day.
MakerDAO, Lightning Labs are in World Economic Forum's list of tech pioneers for 2020
Maker is an ERC20 token that describes itself as “a utility token, governance token, and recapitalization resource of the Maker system.” The purpose of the Maker system is to manage another Ethereum token, the DAI stablecoin, that seeks to trade on exchanges at a value of exactly US$1.00.
One of the most common requests we hear from customers is to be able to buy and sell more cryptocurrencies on Coinbase.Centrifuge has teamed with Paperchain and ConsolFreight to tokenize music streaming royalties and trade invoices, respectively.
The vote, which concluded today, paves the way for these tokens to be used as collateral for minting Dai stablecoins.
Paperchain and ConsolFreight’s tokens would be the first collateral type that isn’t crypto-native. Currently MakerDAO accepts ETH, Basic Attention Tokens, Wrapped Bitcoin and USDC as collateral for Dai loans. The new vote also signaled community support for 0x’s ZRX token, Decentraland’s MANA token, tBTC and Uniswap’s Dai Liquidity Token.
Centrifuge and its partners will now get to work figuring which oracles to use, developing risk models and reviewing smart contract security, Centrifuge CEO Lucas Vogelsang told The Block in an email. He estimated that these steps will take somewhere between a few weeks and a couple of months.Once that work is done, a second, binding vote will be held to determine whether to add the new code to the smart contract on the Ethereum blockchain.Starting today, Coinbase supports Maker ( MKR ) and in the Coinbase Android and iOS apps. Coinbase customers can now buy, sell, convert, send, receive, or store MKR . MKR will be available in all Coinbase- supported regions, with the exception of New York State.A total of six blockchain startups have made it to the World Economic Forum’s (WEF’s) list of technology pioneers for 2020.WEF’s global innovators community and strategic intelligence ecosystem to help industry leaders with fresh perspectives.
decentralized organization MakerDAO, bitcoin Lightning Network’s infrastructure developer Lightning Labs, blockchain analytics firms Elliptic, decentralized oracle network Chainlink, blockchain-based financial services firm Ripio, and blockchain-enabled environmental tech startup Veridium Labs.
The WEF’s 2020 list includes a total of 100 firms from around the world that are pioneering new technologies and innovations, from artificial intelligence and machine learning to the internet of things ( IoT ) and robotics.
The WEF has been recognizing a limited number of tech pioneers every year Who your early token holders are matters a lot
In the mad rush to raise funds via an ICO in the past year, most projects completely ignored the importance of who the token holders are in the early days. Especially in the case of governance tokens that give token holders the right to vote on critical changes to a network on chain, as a founding team you want your token holders to be well-informed contributors rather than speculators looking to make a quick profit without contributing. Even if your token is not a governance token, sophisticated contributors are generally better community members than pure speculators; leading a community of speculators can be distracting at best and devastating at worst.MakerDAO, the organization behind the dollar-pegged stablecoin known as DAI, is in the process of voting on whether to further diversify the collateral it accepts for loans beyond cryptocurrency and tokens to include real-world assets (RWAs).
Specifically, Maker would also allow supply chain invoices and musicians’ future royalty streams as security when it lends out DAI. These assets would be represented on the Ethereum blockchain by non-fungible tokens (NFTs), the innovation that spawned CryptoKitties. Small businesses and artists could take the borrowed DAI, which usually trades 1-for-1 with the U.S. dollar, to crypto exchanges like Coinbase and convert it to cash.
If approved, the proposals would pave the way for the first application of DeFi to solving a tangible business problem outside the rarefied realm of crypto. The current crisis, like the 2008 financial meltdown, has seen big firms apply the brakes across supply chains, to the point where innovative ways of freeing up working capital for suppliers awaiting payment could be a lifesaver.
“The average crypto user that bought bitcoin when it was a few hundred dollars and is using DeFi to trade and manage their wealth is a very different user from a business that is actually quite cash-strapped,” said Lucas Vogelsang, CEO of Centrifuge, a startup focused on bringing real world assets to DeFi.
“These businesses are looking to DeFi as a way to get money quicker and get it on their own terms, without having to go to a bank,” said Vogelsang, whose firm has pilot-tested the financing of freight forward invoices with DeFi loans. “They don’t have crypto to get their DAI loans, so they need to be able to use their invoices or their inventory.”
Holders of MakerDAO’s governance token, MKR , are voting on the proposals. As of Thursday, 96% of votes cast favored inclusion of trade finance assets, with a similar proportion supporting the addition of music royalties. The polls close in about four days.
The MakerDAO ( MKR ) community has locked in an auction to cover a multi-million dollar hole in DAI collateral after the sudden Ethereum (ETH) price crash on March 12. Scheduled for 10:28 AM EST on March 19, the system will auction newly minted MKR in exchange for DAI. The low supply of 1,005,577 MKR which doesn't even factor in potentially lost funds could cause MKR to hit all time highs or break through them with all the volume
ASSET-CRYPTO
ORDER TYPE- LIMIT ORDER
Time Frame-1D
ENTRY PRICE 1- $480 (MARKET)
ENTRY 2- $430 (PENDING)
STOP LOSS- $350
TAKE PROFIT 1-$550
TAKE PROFIT 2- $650
TAKE PROFIT 3- $750
TAKE PROFIT 4-$850
TAKE PROFIT 5-$1000
BinanceUS will list MakerDao ( MKR ). Trading for MKR /USD and MKR /USDT trading pairs will open on Thursday, August 20 at 6am PST / 9am EST.
BinanceUS users can now start depositing USD, USDT and MKR tokens to their wallets in preparation for trading to go live.
Please note: MKR tokens are temporarily only available for deposits. Withdrawals will not be enabled until trading is live.
To deposit and trade USD for MKR , you will need to pass fiat verification after completing basic and advanced verification. To deposit USD to your account before trading goes live, please set up any of the three USD payment methods available: via debit card, ACH , or wire payment. USD deposits have FDIC insurance coverage.
We continue to build America’s home for digital asset trading and are pleased to welcome MKR trading for BinanceUS users.
About BinanceUS
BinanceUS is America's home to buy, trade, and earn digital assets including Bitcoin . We deliver the lowest fees to move USD into over 30 different cryptocurrencies instantly. We continue to evaluate new cryptocurrencies to list on BinanceUS that follow our Digital Asset Risk Assessment Framework, community feedback, and market demand. Our mission is to bring financial confidence and crypto literacy to more Americans every day.
MakerDAO, Lightning Labs are in World Economic Forum's list of tech pioneers for 2020
Maker is an ERC20 token that describes itself as “a utility token, governance token, and recapitalization resource of the Maker system.” The purpose of the Maker system is to manage another Ethereum token, the DAI stablecoin, that seeks to trade on exchanges at a value of exactly US$1.00.
One of the most common requests we hear from customers is to be able to buy and sell more cryptocurrencies on Coinbase.Centrifuge has teamed with Paperchain and ConsolFreight to tokenize music streaming royalties and trade invoices, respectively.
The vote, which concluded today, paves the way for these tokens to be used as collateral for minting Dai stablecoins.
Paperchain and ConsolFreight’s tokens would be the first collateral type that isn’t crypto-native. Currently MakerDAO accepts ETH, Basic Attention Tokens, Wrapped Bitcoin and USDC as collateral for Dai loans. The new vote also signaled community support for 0x’s ZRX token, Decentraland’s MANA token, tBTC and Uniswap’s Dai Liquidity Token.
Centrifuge and its partners will now get to work figuring which oracles to use, developing risk models and reviewing smart contract security, Centrifuge CEO Lucas Vogelsang told The Block in an email. He estimated that these steps will take somewhere between a few weeks and a couple of months.Once that work is done, a second, binding vote will be held to determine whether to add the new code to the smart contract on the Ethereum blockchain.Starting today, Coinbase supports Maker ( MKR ) and in the Coinbase Android and iOS apps. Coinbase customers can now buy, sell, convert, send, receive, or store MKR . MKR will be available in all Coinbase- supported regions, with the exception of New York State.A total of six blockchain startups have made it to the World Economic Forum’s (WEF’s) list of technology pioneers for 2020.WEF’s global innovators community and strategic intelligence ecosystem to help industry leaders with fresh perspectives.
decentralized organization MakerDAO, bitcoin Lightning Network’s infrastructure developer Lightning Labs, blockchain analytics firms Elliptic, decentralized oracle network Chainlink, blockchain-based financial services firm Ripio, and blockchain-enabled environmental tech startup Veridium Labs.
The WEF’s 2020 list includes a total of 100 firms from around the world that are pioneering new technologies and innovations, from artificial intelligence and machine learning to the internet of things ( IoT ) and robotics.
The WEF has been recognizing a limited number of tech pioneers every year Who your early token holders are matters a lot
In the mad rush to raise funds via an ICO in the past year, most projects completely ignored the importance of who the token holders are in the early days. Especially in the case of governance tokens that give token holders the right to vote on critical changes to a network on chain, as a founding team you want your token holders to be well-informed contributors rather than speculators looking to make a quick profit without contributing. Even if your token is not a governance token, sophisticated contributors are generally better community members than pure speculators; leading a community of speculators can be distracting at best and devastating at worst.MakerDAO, the organization behind the dollar-pegged stablecoin known as DAI, is in the process of voting on whether to further diversify the collateral it accepts for loans beyond cryptocurrency and tokens to include real-world assets (RWAs).
Specifically, Maker would also allow supply chain invoices and musicians’ future royalty streams as security when it lends out DAI. These assets would be represented on the Ethereum blockchain by non-fungible tokens (NFTs), the innovation that spawned CryptoKitties. Small businesses and artists could take the borrowed DAI, which usually trades 1-for-1 with the U.S. dollar, to crypto exchanges like Coinbase and convert it to cash.
If approved, the proposals would pave the way for the first application of DeFi to solving a tangible business problem outside the rarefied realm of crypto. The current crisis, like the 2008 financial meltdown, has seen big firms apply the brakes across supply chains, to the point where innovative ways of freeing up working capital for suppliers awaiting payment could be a lifesaver.
“The average crypto user that bought bitcoin when it was a few hundred dollars and is using DeFi to trade and manage their wealth is a very different user from a business that is actually quite cash-strapped,” said Lucas Vogelsang, CEO of Centrifuge, a startup focused on bringing real world assets to DeFi.
“These businesses are looking to DeFi as a way to get money quicker and get it on their own terms, without having to go to a bank,” said Vogelsang, whose firm has pilot-tested the financing of freight forward invoices with DeFi loans. “They don’t have crypto to get their DAI loans, so they need to be able to use their invoices or their inventory.”
Holders of MakerDAO’s governance token, MKR , are voting on the proposals. As of Thursday, 96% of votes cast favored inclusion of trade finance assets, with a similar proportion supporting the addition of music royalties. The polls close in about four days.
The MakerDAO ( MKR ) community has locked in an auction to cover a multi-million dollar hole in DAI collateral after the sudden Ethereum (ETH) price crash on March 12. Scheduled for 10:28 AM EST on March 19, the system will auction newly minted MKR in exchange for DAI. The low supply of 1,005,577 MKR which doesn't even factor in potentially lost funds could cause MKR to hit all time highs or break through them with all the volume
