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Showing posts from April, 2021

Last DeFiChain News Show

Have Fun Staying Poor by Missing Out on Risk-Free Passive Income

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The outcry “Gold! Gold! In the Klondike!” unfolded one of the greatest gold rushes in history. In 1897, an army of hopeful gold-seekers boarded ships in ports along the East Coast of the US and headed north toward the vision of riches to be had for the taking. Most of them were uneducated day laborers, blindly following rumors, they weren’t able to verify, just to hit the promised golden jackpot. A few made it, most didn’t. The Sooner You Know About Risk Free Passive Income The Better Little has changed over the last two centuries. People are still looking for the quick bucks, following the Bitconnects and Safemoons of today and wondering why they don’t make it. For most of them, pursuing a long term investing strategy, which also incorporates ways to let your money work for you, isn’t part of their mindset, which makes them miss out big on risk-free cash flow opportunities. As the word cash flow implies, money is regularly hitting your account — like passive income — making it the per...

Upside & Risks of an Investment in DeFiChain (DFI)

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DeFiChain was the best performing new blockchain of 2020, and there is a strong case to be made that the value of the DFI Coin will continue to rise this year. But how much value growth potential does DeFiChain actually still have? And what are the risks associated with investing in DFI? We address these two fundamental questions in detail in this article. Potential Upside of an Investment in DeFiChain (DFI) DeFiChain is a young crypto project that is less than a year old and has already taken the DeFi market on Bitcoin by storm. Since the summer of 2020, the DFI Coin - the native coin of DeFiChain - has already increased more than thirtyfold and many are now wondering if it can go even higher. In the following article, we will discuss the price potential and risks of investing in DFI. For this purpose, we will first take a closer look at the past performance of DFI before moving on to a realistic and potential future development. When it comes to the risks of investing in DFI, we will...

Pink Paper — Part II

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In this five minute reading article, you’ll learn about: DeFiChain’s new products in the pipeline for Q2-3. The first part of the Pink Paper was about the governance structure; the second part, deals with the technical aspect of DeFiChain and addresses questions concerning future use cases like decentralized tokenization, atomic swaps, interchain exchange or price oracles, to name just a few. These concepts, which are outlined in this article, will be introduced gradually over the next few weeks. Figure 1 gives an overview about the upcoming product launches. Do note that the dates are estimates and may divert from the actual release dates. Atomic Swaps and Interchange Exchange We published a detailed article on this topic a few weeks ago. Therefore, in this section, we’d like to give a brief summary of the development of atomic swaps and the interchain exchange (ICX). The development of both new products on DeFiChain has been smooth; the ICX is on the final stretch. Both products are ...

DeFiChain Transparency Report Q1 2021

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In order to give our community and partners full transparency into what’s happening in front and behind the curtain at DeFiChain, we would like to publish our quarterly board report. For more information on the project please visit: https://www.defichain.com Q4 Transparency Report Meeup & Video: Join us LIVE on Remo today to interactively discuss the Q4 Transparency Report on 16th April 2021 at 14:00 UTC (9pm SGT and 3pm CET): https://live.remo.co/e/defichain-transparency-report-q1 A recording of the live session will be embedded down below as soon as it is ready: We hope you appreciate the insights! Thanks for your support and happy reading — Have fun! :) 1. FINANCE Last quarter review Foundation funds:  https://defiscan.live/address/dJEbxbfufyPF14SC93yxiquECEfq4YSd9L  = 273.714M DFI Part of these funds were used to increase the liquidity mining rewards, which was approved by the masternodes. Community development fund: https://defiscan.live/address/dZcHjYhKtEM88TtZLjp314...

Pink Paper — Part I

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In this ten minute reading article, you’ll learn about: DeFiChain’s newly introduced bug bounty program DeFiChain’s proposals regarding various governance related changes An overall mission for DeFiChain is important, yet it’s even more crucial to have a detailed road map with quantifiable goals along that trajectory. Alluding to DeFiChain’s brand colors, a ‘Pink Paper’ is being developed, which is essentially a live paper, subject to constant change as specifications are added, that will set the overall direction of DeFiChain for the next year and beyond. The ‘Pink Paper’ can be divided into two parts. The first deals with governance related aspects and the second part, technical questions concerning future use cases like decentralized tokenization, atomic swaps, interchain exchange or price oracles to name just a few. The ‘Pink Paper’ itself is open source, so anyone is welcome to participate. It can be found on GitHub. This article will address some of the most important governance ...

Major Upcoming Votes: DeFiChain Improvement Proposals 7, 8, 9, 10 & Community Funding Proposals 2, 3, 4, 5, 6, 7

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Important Information regarding the proposals Since the DeFiChain Foundation isn’t running any masternodes themselves, the outcome of all proposals is entirely in the hands of the community. We do hope, however, that you’ll accept the DeFiChain Improvement Proposals in order to further incentivize the growth and development of DeFiChain. Besides the four DFIPs, there are also six CFPs up for vote. These are independent community projects submitted by the respective teams. More on that can be found below. Voting for all DFIPs and CFPs will commence on Wednesday, 14 April 2021 at 12:00 UTC, and will end on 20th April 2021 at 12:00 UTC. Before making your decision, we encourage you to discuss your thoughts and ideas about these proposals on Telegram and on GitHub with the wider community. We’d love to hear your feedback, questions or concerns you might have. Regarding the voting procedure: you’ll soon receive an email from us, explaining how you can cast your vote, whether you are running...