Archiv des Autors: Karl

Bitcoin bearish or bullish?

Bitcoin bearish or bullish in the short term? What analysts predict for BTC and the crypto markets.

Bitcoin prices hit record high after record high in a week that saw global corporate giants turn to crypto in a massive way – from buying the cryptocurrency to announcing new projects.

Tesla revealed in its securities filing on Monday that it had bought $1.5 billion worth of Bitcoin in January and that it intends to offer customers the Crypto Code option to buy their cars using the cryptocurrency as payment. On Tuesday, RBC Capital Markets analyst Mitch Steves speculated that Apple was looking to mimic Tesla’s crypto investment.

On Wednesday, credit card giant Mastercard announced it would add Bitcoin (Go to Buy Bitcoin with Credit Card Guide) and other cryptocurrencies to its payment network. Later, on Thursday, the oldest US bank BNY Mellon revealed that it will offer crypto custody services on the same platform that its customers use for cash, treasury bills and other traditional assets.

On the same day, PayPal announced that it would expand its cryptocurrency services to the UK through its Venmo app.

Bitcoin price to the moon?

The spate of optimistic developments in the bitcoin market drove its prices up by more than 25 per cent on a weekly basis. During Friday’s Asian session, the flagship cryptocurrency had secured $48,912 as a new record high, prompting many analysts to predict an extended upward move towards $50,000.

Michaël van de Poppe, an independent financial analyst/trader in Amsterdam, explained earlier this week, ahead of Thursday’s price boom:

„Breaking the ATH for bitcoin [in addition to] the gains and close above it today/tomorrow [means] we could go further towards $50,000 as the next target“

Poppe later tweeted that bitcoin needs to hold $43,500 as support to ensure continuation towards and above $50,000. If this happens, the cryptocurrency could even reach $62,500 next.
Bitcoin is flirting with the $50,000 price level as it heads into the weekend session. Source:

Joel Kruger, cryptocurrency strategist at digital asset exchange LMAX Digital, also cited $50,000 as the next potential price target for bitcoin, calling it a „psychological barrier“.

Mark Warner, Head of Trading at BCB Group, agrees, but warns against heavy profit-taking near this level, which could lead to Bitcoin heading lower after testing it.

Traditional chartists are euphoric. One independent analyst commented on Twitter that Bitcoin has a very slim chance of going lower at this point, unless there is a „Black Swan“ event that does the unthinkable.

„I can’t see BTC topping out with companies left and right wanting to invest,“ he commented. „$50k is inevitable, whether we go down a bit before then or not shouldn’t be a dealbreaker.“

Bitcoin was trading at around $47,380 at the time of writing.

Joe Budden, le rappeur de „Pump It Up“, met de l’ordre dans les pièces de monnaie avec Pomp

Joe Budden, l’ancien rappeur et affilié d’Eminem devenu podcasteur, a rejoint aujourd’hui Anthony Pompliano, le célèbre spécialiste de la cryptographie, pour parler de Bitcoin. Voici ce qui s’est passé.

  • Anthony Pompliano est peut-être plus connu pour son évangélisation de Bitcoin sur Twitter.
  • Joe Budden s’est fait connaître avec le tube de 2003 „Pump It Up“, mais il a rencontré un nouveau succès au cours des cinq dernières années en tant que podcasteur.
  • Les deux hommes se sont rencontrés aujourd’hui pour parler de Bitcoin.

C’est un grand jour pour Joe Biden

C’est un grand jour pour Joe Biden, qui vient de prêter serment en tant que 46e président des États-Unis – mais n’oublions pas Joe Budden, l’ancien rappeur et affilié à Eminem, dont le podcast reste l’un des objets culturels les plus étranges de la dernière décennie.

Le rappeur Anthony Pompliano est passé par l’émission de Budden pour une conversation approfondie sur les cryptocurrences, et a profité de l’occasion pour répandre l’évangile de Bitcoin.

L’épisode s’appelait „Pomp It Up“ – une référence à la chanson „Pump It Up“ de Budden en 2003.

M. Budden a déclaré qu’il s’est intéressé à Bitcoin pour la première fois après avoir conclu un accord de parrainage avec Cash App, le service de paiement numérique géré par Square et le PDG de Twitter, Jack Dorsey, qui a déjà fait connaître son soutien à la cryptographie.

„Imaginons que j’ai pris une partie de l’un de mes contrats avec Bitcoin“, s’est demandé M. Budden. „Jusqu’à quel point dois-je être conservateur ou non conservateur à cet égard. Et à quel point serais-je stupide de faire ça?“

Pompliano répondit par des conseils peu judicieux et transparents : „Vous devriez prendre 100% de votre marché en bitcoin, et ne pas le vendre, et vous serez un vrai gangster dans 10 ans.“

Megan Thee Stallion pour un cadeau promotionnel de Bitcoin sur Twitter

Budden a négligé de mentionner s’il était spécifiquement payé en shillings pour Bitcoin, bien que le timing de ce segment crypté (qui arrive juste quelques mois après le parrainage de Cash App) laisse une question ouverte. Cash App a récemment fait équipe avec Megan Thee Stallion pour un cadeau promotionnel de Bitcoin sur Twitter.

L’adoption apparente de Bitcoin par Budden s’inscrit dans une tendance plus large du hip-hop : feu Nipsey Hussle défendait cet actif avant sa mort en 2019, et Meek Mill a fait la promotion de la cryptographie au Clubhouse, dans le cadre d’une conversation hebdomadaire intitulée Culture Currency.

„Je fais chier les gens, Pomp, qui pensent hors des sentiers battus“, a déclaré Budden. „Et pour vraiment comprendre ça, je suppose que je dois vraiment penser en dehors des sentiers battus.“

Legendariske Libertarian Ron Paul foreslår at Bitcoin kan forbys av regjeringen

Midt i en fornyet rivalisering mellom Bitcoin og gull, mente den tidligere republikanske presidentkandidaten Ron Paul begge disse trygge havnene er sårbare for regjeringen under den siste episoden av showet „Ron Paul Liberty Report“.

Libertarian-ikonet ble husket da president Franklin D. Roosevelt forbød å eie gull i 1933 for å advare kryptoforkjempere om muligheten for en lignende angrep på Bitcoin.

Crypto er ikke den ultimate løsningen

Siden regjeringen var i stand til å stjele gullfolk, tror ikke Paul at det vil være nøytralt med Bitcoin:

„Noen mennesker sier,“ Vel, vi kan komme oss rundt dette med krypto. Crypto vil være utenfor dette. Det er ikke i banksystemet, og du vil ikke ha dette problemet. ‚Vel, jeg tror det fortsatt er noen bevis som må fortsette, for hvis regjeringen kan komme inn og kan gjøre hva de vil og stjele gullet fra folket, Jeg tror ikke at regjeringen vil være nøytral i dette. ”

Den 85 år gamle pensjonerte politikeren – hvis ideer har inspirert en hel generasjon tidlige Bitcoinere – mener at det hele koker ned til nivåene av frihet som regjeringer tillater folket å ha:

„Det er en annen sak, og den er større.“

Å adoptere kryptovalutaer som en monetær enhet for å fikse det økonomiske er ikke så enkelt, ifølge den legendariske libertarianen, siden vi „blir overvåket“ i en tid med voldsom overvåking.

“Jo mer jeg tenker på disse problemene, jeg synes det er interessant å vite og forstå gulløkonomien og fordelene og problemene man har, og hva som skjer med kryptovalutaene, men til slutt er det forholdet til myndighetene til folket og hva de skal gjøre og hvor mye frihet vi har til å avgjøre om vi har frie markedspenger. “

Den største trusselen mot Bitcoin

Pauls bekymringer om regjeringens innflytelse på Bitcoin deles av fremtredende analytikere og til og med Wall Street-milliardærer. I sitt intervju i oktober hevdet Bloomberg Intelligences sjefvarestrateg Mike McGlone at Bitcoin kan ende opp med å mislykkes etter å ha blitt utestengt eller „regulert bort.“

Som rapportert av U.Today, Bridgewater Associates Ray grunnlegger og kryptoskeptiker Dalio spådde at Bitcoin kunne bli for farlig å bruke i forrige måned:

„Hvis det blir vellykket nok til å konkurrere og være truende nok for valutaer som myndighetene kontrollerer, vil myndighetene forby det og gjøre det for farlig å bruke.“

JPMorgan-sjef Jamie Dimon er også overbevist om at Bitcoin vil ende opp med å bli regulert hvis den fortsetter å bli større.

Salliko hallitus sallia Bitcoinin mennä Wall St.

Uusin telimies tällä rintamalla on kukaan muu kuin Yhdysvaltain valtiovarainministeri Steve Mnuchin. Huhut leijailevat, että hän harkitsee „omavaraisuuden lompakoiden“ kieltämistä, takavarikoiden kaikkien salakirjoitusten yksityiset avaimet.

Twitter-viestiketjussa [Coinbase Brian Armstrongin] toimitusjohtaja sanoi, että hänen yrityksensä „kuuli huhuja“ Yhdysvaltain valtiovarainministerin Steven Mnuchinin suunnitelmista ottaa käyttöön uusia sääntöjä „itse huoltajien lompakoille“ toimikautensa loppuun mennessä.

Salausvaluuttojen avoin luonne antaa kenelle tahansa mahdollisuuden luoda yksityinen lompakko lataamalla kolmannen osapuolen ohjelmistoja tietokoneisiinsa / älypuhelimiinsa tai laitteita käyttämällä laitteita, jotka tallentavat digitaalisia resursseja. Tämäntyyppiset vapausrangaistukset ovat halvempia kuin perinteiset rahoituspalvelut – ja ne takaavat yksityisyyden .

Nämä huhut ovat ilmeisesti päteviä, koska Mnuchin sai kirjeen neljältä kongressiedustajalta, jossa häntä kehotettiin olemaan tekemättä niin monumentaalisesti tyhmää

Davidson et ai. mainitse erittäin merkittävällä tavalla, että tällainen liike olisi lamauttava kasvavaan kryptovaluuttaan, hajautettuun rahoitusmaailmaan.

Se on hämmästyttävän hyvin kirjoitettu kirje, joka osoittaa ymmärrystä salauksesta, jota kongressimieheltä ei yksinkertaisesti voisi odottaa. Mutta hei, yllätän miellyttävän yllätyksen.

Samalla tavalla Davidson puhuu yhdelle viimeisimmistä oligarkeista, jolla on yksi maailman tehokkaimmista toimistoista. Mnuchin, kuten muutkin maailman hallitsijat, näkee uhan keskuspankin liikkeeseen laskemille valuutoille eikä pidä kilpailusta.

Niin monet, jotka ovat väittäneet, että Bitcoin lopulta ‚vain muutettaisiin laittomaksi‘, ovat tehneet niin parhaimmillaan sofomorisilla perusteilla, jättämättä huomiotta Internetin käytännöllisyyttä jne.

Olen jo käsitellyt näitä argumentteja aiemmin, vrt. Bitcoin vs.Mies julkaistiin elokuussa

Kun osakkeet nousevat, mikä tarkoittaa inflaation nopeuden laskua, kun koko kasattu kasa nousee, marginaalikysyntä voi helposti nostaa hinnat tasoille, jotka saavat jopa kaikkein kiihkeimmän bitcoin-härän punastumaan.

Kuten aiemmin sanoin, hallitukset ovat Catch-22: ssä. Jos he kieltävät bitcoin-kysynnän menemisen maan alle, ihmiset yksinkertaisesti ostavat ja pitävät sitä. He hankkivat sen kuitenkin kuinka pystyvät ja uusia tekniikoita (hajautettu vaihto) tulee korvaamaan nykyiset (Coinbase).

Jos he eivät kiellä sitä, he antavat sen kysynnän arvon ja rahoitusvarojen varastona kukoistaa. Se on harmaalla alueella, jossa voit käyttää sitä, mutta et todellakaan halua. Tämä sallii toisen pääoman helpotusventtiilin poistua kuolevasta velkapohjaisesta järjestelmästä ja odottaa myrskyn ohi.

Joko niin, bitcoin ja kryptovaluutat voittavat.

Davidson Fourin kirjeessä tunnustetaan tämä peruskäsitys. Yritetään tehdä salattujen yksityisten avainten pitäminen laittomaksi yksinkertaisesti ajaa pääomaa pois Yhdysvalloista

Secret Tokens, a protocol to transform your ERC-20 into anonymous cryptos

Secret Network, an anonymity-based blockchain, has announced the launch of its “Secret Ethereum Bridge”. It transforms ETH and ERC-20 into anonymous tokens.

Anonymous ERC-20s thanks to Secret Network

As a Secret Network blog post explains , the „secret“ versions of these ERC-20 tokens or ETHs allow anonymous transactions . ERC-20s keep their ability to be programmable, but “ private by default, like Monero and other similar altcoins . “

The “bridge” between Secret Network and Crypto Profit works like this: secretETH (or secretERC-20) are produced when the original tokens are locked on the network . If the user wishes to convert his tokens to their original version, the ETH / ERC-20 secrets are destroyed, and the original tokens removed from the deposit contract.

This is a first step for Secret Network, which wants to extend these features to other blockchains. The service will also soon launch “bridge mining”. This is to reward users who lock their ETH and ERC-20. The latter will receive in exchange the SCRT, the native cryptocurrency of Secret Network. In total, 2 million SCRTs will be allocated to the community.

Make DeFi anonymous

The maneuver has one main goal: to launch anonymous decentralized finance services ( DeFi ) thanks to the Secret Network. The press release explains:

“This is a first step before creating a private DeFi ecosystem by default and compatible with several channels. “

This ambition can be seen in the choice of tokens that are compatible with Secret Network. For the moment, only about fifteen tokens can be transformed, and they are linked to decentralized finance projects . Here is the list: ETH, YFI, UNI, BAND, COMP, LINK, AAVE, KNC, SNX, OCEAN, MKR, DAI, USDT, TUSD and WBTC.

Users can now test the bridge between Ethereum and Secret Network, and distribution of rewards is expected to begin in January.

Protective wall for crypto technologies – Coinbase joins Square’s alliance

Coinbase wants to support the COPA in the fight against the aggressive use of patents.

The „Cryptocurrency Open Patent Alliance“ (COPA), which is led by the payment service provider Square, has won the large crypto exchange Coinbase as a new member

Square had the „Alliance for patent protection in the crypto industry“ in September established to build for the crypto industry a defense mechanism against the restriction of innovation by patents.

Coinbase legal advisor and COPA board member Brittany Cuthbert said in a statement from Allianz on Friday:

“In a steadily growing crypto economy, we see it as important that all projects have the freedom they need to be able to build an open financial system. […] We look forward to working with the other members of COPA to create a protective wall for basic technologies in our crypto industry. “

A patent often grants the applicant long-term protection for his innovation, which forbids competitors to offer similar products and services or to use certain technologies. Since the crypto industry was originally driven by a concept of freedom, many technologies in the industry are open source, i.e. freely usable. However, many large companies have since patents for their innovations registered , including for example Block.one and Samsung .

In this context, the statement explains:

“COPA believes that the success of cryptocurrencies depends on the crypto community coming together to build on existing technologies and create new innovations from them. However, that is not possible if some companies make basic technologies inaccessible through patents. “

Although COPA recognizes the real purpose of patents, the alliance warns that they are often misappropriated: “Even if patents offer meaningful protection in many cases, they are often used as an offensive tool of attack, which increases the growth of emerging technologies such as cryptocurrencies massively threatened. We fear that basic crypto technologies will be hidden by the patents of a few, and that innovation and widespread adoption will be stifled. “

Years ago, nearly 12, a programmer under the pseudonym Satoshi Nakamoto has the white paper published that the foundation for Bitcoin ( BTC has laid). The subsequent “crypto revolution” was largely due to the fact that the technology behind the market-leading cryptocurrency is also open source.

„COPA strives to make the basic technologies of cryptocurrencies freely usable for everyone, and is therefore taking action against offensive patent protection,“ as it says in the communication.

COPA now has 18 members, including the crypto companies Square, Coinbase, Blockstream and Kraken. All members undertake to use their crypto patents only for defensive purposes.

BlackRock’s CIO says: ‚Bitcoin will largely take the place of gold

Bitcoin’s network effect has forced traditional financiers to change their minds about digital currency.

A senior executive at BlockRock, the world’s largest asset manager, admits that Bitcoin (BTC) has become a permanent fixture in the global financial system, offering another tangible sign that the narrative surrounding digital currency has changed.

Rick Rieder, CIO of BlackRock Fixed Income, told CNBC on Friday that „Bitcoin is here to stay.

While admitting that he is not a Bitcoin bull, Rieder said the flagship currency „will take the place of gold to a large extent [because] it is much more functional than passing a gold bar.

Bitcoin is sometimes referred to as „digital gold“ because of its unique value storage features. Bitcoin’s most ardent supporters believe that it will eventually take a considerable portion of the gold market capitalisation as more investors realise its usefulness.

Priced in gold, 1 Bitcoin is currently worth 9,961 ounces.

2020 could fall as the year in which the main Bitcoin cycle narratives changed, especially among institutional investors who have long been sceptical about digital currencies. Investors such as Paul Tudor Jones and Stanley Druckenmiller have supported Bitcoin, while major banks such as Citigroup and JPMorgan have issued positive guidance on the flagship cryptomoney.

On the commercial side, it is estimated that corporations hold 4.54% of Bitcoin’s total supply, which is equivalent to around USD 15.3 billion at current prices.

Meanwhile, BlackRock has indirect exposure to Bitcoin through its stake in MicroStrategy, a business intelligence firm that converted most of its cash reserves to BTC earlier this year.

Bitcoin Price Prediction: BTC/USD spadki do 15.824 dolarów Niska po osiągnięciu ceny docelowej 16.400 dolarów.

Bitcoin (BTC) Przewidywanie cen – 14 listopada 2020 r.

BTC/USD ma silny byczy impet, który spotyka się z odrzuceniem na poziomie 16.400 dolarów. Moneta królewska została przesunięta w dół. BTC cofnęło się do 16.000 dolarów wsparcia i poprawiło w górę. Tendencja spadkowa powraca po ponownym przetestowaniu 16.300 dolarów wysokości. Obecnie BTC w momencie pisania monety notuje 15.824 USD.

Poziomy oporu: 13.000$, 14.000$, 15.000$.
Poziomy wsparcia: $7,000, $6,000, $5,000

Dzisiaj Bitcoin wycofał się na wsparcie w wysokości $15,800 i wznowił je w górę. Wcześniej, 15.800 dolarów było poziomem oporu, który został wcześniej złamany. W tej akcji cenowej, BTC był w przedziale od 15.000 dolarów do 15.800 dolarów przed niedawnym wybuchem, który katapultował BTC do 16.400 dolarów wysokości. Kupujący naciskają na BTC, aby powróciła do poziomu powyżej 16.000 dolarów wsparcia. Jeśli kupujący odniosą sukces, możliwe jest przeprowadzenie ponownego testu za 16 400 USD. Z drugiej strony, przerwa powyżej oporu 16.400 $ pozwoli BTC na zwyżkę powyżej 17.000 $.

Jednakże, w międzyczasie, BTC walczy o przełamanie powyżej $16,000 wsparcia. Z drugiej strony, jeśli niedźwiedzie złamią się poniżej wsparcia 15.800 $, BTC powróci do poprzedniej strefy ograniczonego zakresu 15.000 $ i 15.800 $. Niemniej jednak, w momencie pisania krypta nadal przesuwa się w dół. Moneta królewska znajduje się powyżej zakresu 80% dziennego stochastyka. Świadczy to o tym, że moneta jest sprzedawana w rejonie wykupu na rynku. Innymi słowy, mogą pojawić się sprzedawcy.

Największy bank Białorusi uruchamia Serwis Wymiany Kryptońskiej, jak donosi lokalna agencja informacyjna „Prime Press“.

Białoruski bank, największa instytucja finansowa na Białorusi, uruchomił usługę wymiany kryptokurantów. Jak poinformowała lokalna agencja informacyjna, nowy serwis jest dostępny dla obywateli Białorusi i Rosji. Bank zamierza rozszerzyć listę państw, które wspierają serwis i obsługiwane kryptowaluty. Białoruski bank umożliwia wymianę krypto walut za pomocą karty płatniczej Visa. Nowa usługa umożliwia wymianę kryptograficzną z rublem białoruskim, dolarem amerykańskim i euro.

Mimo to, po ostatnim rajdzie na wysokości 16 400 dolarów, BTC nagle spadło do 15 824, a następnie wycofało się. Według narzędzia Fibonacciego są szanse na dalszy ruch w górę. W dniu 6 listopada 2010 roku, kiedy to korpus świecy poddany został testowi na 50% poziom retrakcji Fibonacciego. Retracement ten wskazuje, że Bitcoin podniesie się i osiągnie poziom 2.0 przedłużenia Fibonacciego. Odpowiada to 18.154,50$ wysokości.

Ethereum Social Sentiment ökar när insatsen börjar

Alla ögon har riktats mot Bitcoin idag eftersom det når sitt högsta pris på nästan tre år, men Ethereum gör också goda framsteg och detta återspeglas i socialt engagemang.

Ethereum är en av dagens bästa kryptotillgångar, om än bakom sin storebror. ETH-priserna fick sin första boost den 4 november när insättningsavtalet officiellt utplacerades. Tillgången ökade med 5% på baksidan av det för att nå 405 dollar.

Bitcoin är en större drivkraft för ETH-priser som dagens 8% stigning till 440 $ illustrerar. Hur som helst har socialt engagemang för Ethereum vuxit under den senaste dagen eller två enligt analys från LunarCrush.

Ethereum tar fart

Denna trend kommer sannolikt att fortsätta när insatsen blir populär under Ethereums gradvisa övergång till ETH 2.0 och beviset för insats. Sedan det officiellt tillkännagavs tidigare denna vecka har 33,125 ETH satts på det smarta kontraktet enligt Eth 2 Launchpad.

Till dagens priser som räknas till 14,2 miljoner dollar. För att fas 0 ska kunna starta med Beacon Chain-genen måste det finnas ett lägsta tröskelvärde på 16 384 validerare som deponerar 32 ETH till totalt 524 288 ETH sju dagar i förväg.

Utvecklare har föreslagit att detta kommer att ske i början av december. För närvarande är nätverket 6,3% mot det totala antalet, så ytterligare 211 miljoner dollar av ETH krävs.

Ethereums medgrundare Vitalik Buterin bidrog med 3200 ETH till ett värde av cirka 1,37 miljoner dollar, vilket Ethhub-grundaren Anthony Sassano noterade.

Sentimentet för att satsa växer trots att det inledande deltagandet har gått långsamt. Det är troligt att majoriteten av ETH-innehavare väntar på att Beacon Chain ska starta och springa utan problem i några månader innan de sätter ihop sina väskor.

Dessutom måste satsad ETH vara låst i minst ett år så det kan finnas bättre intjäningsmöjligheter och mer ekonomisk flexibilitet i DeFi.

ETH-prisuppdatering

Ethereum har dragit sig något tillbaka från sin tvåmånadershöjd på 440 $ för ett par timmar sedan och drog tillbaka under 430 $ men det verkar återta fart när detta skrivs.

Det finns väldigt lite motstånd hela vägen upp till 2020-talet på $ 480, så om ETH kan bryta sig över nuvarande nivåer kommer det sannolikt att röra sig snabbt. På undersidan finns support på $ 420 och starkare support på $ 380.

Alla ögon är just nu för Bitcoin och Ethereum rör sig fortfarande i sin skugga.

Uniswap loses $ 1 billion: investors pull liquidity from DEX

This Monday I published an article on Uniswap and the end of the UNI Yield Farming Rewards for Liquidity Providers. Current data now show that investors are withdrawing massive amounts of liquidity from the Decentralized Exchange, or DEX for short. BitQT scam lost around 40% (!) Of its total liquidity within 24 hours, which corresponds to an absolute outflow of over 1 billion US dollars.

Uniswap and UNI Yield Farming: Liquidity is flowing out

Yesterday, November 17th, UNI Yield Farming on Uniswap ended. The so-called liquidity providers are no longer rewarded with the native UNI token, so that there is no great incentive for the provision of liquidity.

The DeFi Pulse graphic below shows that around $ 1.2 billion was withdrawn from the decentralized exchange within a few hours. While the Total Value Locked, or TVL for short, was $ 3.068 billion on November 14, the current TVL value is just $ 1.540 billion.

Uniswap liquidity

In view of the sharp drop in the TVL value, the UNI token holders plead for a revival of the reward mechanism in the form of UNI Yield Farming.

The new proposal, which can be read in detail on this page, now reacts to the outflow of liquidity. Yield farming is to be made possible again as part of the new proposal.

While 2.5 million UNI tokens were given to the liquidity providers of the four pools (WTBC / ETH, USDC / ETH, USDT / ETH, DAI / ETH) per month in the initial phase, this sum is now to be reduced to 1.25 million UNI per pool . The supply at UNI increased by a total of 10 million UNI over the next 2 months, which currently accounts for around 5% of circulating supplies.

Will the proposal be accepted by the community?

As part of an initial voting phase, at least 25,000 votes must be received within 3 days. As a result, a second “consensus check” takes place, which in turn requires 50,000 votes within 5 days.

Once these two hurdles have been overcome, the proposal becomes an official “Governance Proposal”, which in turn requires 40 million affirmative votes to be finally implemented.

A high voting rate is already becoming apparent. We can also clearly see that the community is divided.