When CryptoKitties last year was launched , it took the world by storm and everyone fell in the craze of buying some unique collectable Kitties to be able to breed and then make tons of new kitties and sell it off for profit.
Some of these Kitties pulled in HUGE value as it gives out very unique stats and it can breed out rares as well.
Now it all sounds nice and cool however at its peak, CryptoKitties ate up just below 35% of the entire transaction of the ETH blockchain making everything else slowwwww and super high fees.
OK … why am I talking about Cryptokitties ? And what’s it got to do with Non Fungible Tokens ?
Non Fungible Tokens or NFT , is a token which is represented as something UNIQUE , IRREPLACEABLE and NON INTERCHANGEABLE.
To explain it in a easier way in the game CryptoKitties. Everyone has a unique Kitty even though it looks the same, and seems to be the same however it could have very different parents or even different time of its birth. This makes every Kitty unique and the value of these Kitties are determined by the characteristics of its parents and so on.
So imagine what else this can be used for, more games … unique art work, school certs which are unique and can’t be changed and many more. However the easiest way to understand NFTs is to relate it to game or arts and crafts.
Because of NFTs getting into the limelight, we now have exchanges which is use to trade collectables. For example
RareBit ( https://rarebits.io/ )
You can buy some of the most unique items here. But in my honest opinion, this is just the start to many new use case for NON Fungible Tokens.
Within the next few months, there would surely be more games or apps coming up and utilizing NFTs , like it or not this is here to stay and who knows we may get some of these mainstream games like World of Warcraft or Pokemon adapting to these changes.
Hope this gives you a brief understanding as to what NFTs are as there would be people asking you about it real soon ! That’s something which is almost guaranteed.
Ok … so here is the thing, a few days ago i posted about getting onto DAYBIT and start playing around with the “Intelligent Trade”. Why not right ? After all soon DAYBIT will also be trading the SMT tokens from STEEM communities so better start understanding its features.
In that post I was trying out buying USDT just as it dips. I was trading a little bit of EOS to USDT. It managed to find the top and bought just as it started to drop
It was a success ! It managed to buy USDT at about $4.0076 for me it was sweet as I got those EOS at about $2.5 per token. Clean profit of $1.5 per token sitting in USDT
Then I wanted to try the “intelligent trade” to find the bottom and buy a little bit up.
Another SUCCESSFUL trade ! However it was flawed slightly as the real bottom was actually $3.3 however it didn’t really matter as I knew it was going to go up “fingers crossed” . I accepted that it works and i had to make sure profits were obtained from buying this round of EOS.
Then I wanted to try another option which was in DAYBIT which was this. GREATER THEN xxx AND SELL at maximum of xxx .
I must say it was a slightly longer wait this time as price didn’t hit its target for 4 days … it almost hit then it pulled back .. and almost again then pulled back. Unfortunately there wasn’t a lot of trade volume on DAYBIT so even if coingecko showed other exchanges hitting the price , on DAYBIT it was still relatively not there yet.
But it happened while i was sleeping ! The trade sold all the EOS back to USDT !
So my here is my trade history. From my tests over the past 2 weeks on DAYBIT Exchange. Taken into fact that the EOS transferred here was bought at $2.5 .. DAYBIT helped me increase the volume of EOS tokens which I had without much effort except login in and waiting to see if the price had sold.
Oh by the way I also earned some DAY tokens from every single trade that happened.
My opinions about DAYBIT, its pretty cool however the trade volumes per day is not on the high side. Do try out DAYBIT exchange if you have the time as once they get more active you will surely see its volume go up. You can use this link to try it out.
I will still continue to to use the other exchanges, however DAYBIT is starting to grow on me. And hopefully they will list STEEM / SBD soon. Thanks to @project7 from @steemhunt to introduce DAYBIT exchange to us.
You guys know the drill ! Lets get STEEM into as many exchanges as possible. This is https://bitmama.io Bitmama is a crypto-fiat exchange which enables traders to trade Bitcoin, Ethereum and other digital assets in Africa.
Do support and comment STEEM at its twitter post.
With STEEM getting onto more exchanges, it increases the chance of people trading STEEM and strengthening the community. It gives really good branding and also get more people curious into joining our community.
So make sure you tweet and support this effort in getting more people onto the STEEM blockchain and also more people buying and selling steem.
Remember just a few months ago we did the same voting for NETCOINS ?
It was a successful campaign and its now listed on NETCOINs site
So lets do the same for this and it only takes a tweet. Cheers and have a great day.
Had the pleasure of attending Blocklime’s Blockchain Bootcamp today and its always great to attend anything organized by Blocklime Technologies as I always get to learn new things.
Harpreet the CEO of Blocklime Technologies is very well known in the blockchain scene in South East Asia and has been a speaker for many events globally.
I was given the opportunity to share about the STEEM blockchain to several people as they were really interested in STEEM. So I gave them the 20 mins talk and showcase of all the projects where are currently available.
Also had to chance to briefly chat with both Matthew ( left ) from Etherscan and also TM ( mid ) from Coingecko which were next on stage with other panelist.
Its events like these which helps educate the general public about blockchain. I’m glad to be able to meet like minded individuals where we consistently support each other when one of us organize these events.
I do hope that more initiatives like these happens everywhere to educate the general public with the right information and not some ponzi / scam which unfortunately has tarnished the views of “Blockchain” generally.
Over the past few weeks, we’ve heard of initiatives like @steemengine which enables anyone on STEEM to create their own tokens. I think its a great idea and I knew that there were some discussion on using side-chains to create SMT Simple tokens for projects on STEEM.
People like @actifit , @steemhunt and even @magic-dice and who knows perhaps @drugwars will and some already have benefit from having their own token within the STEEM ecosystem.
Recently @steemhunt had signed a MOU ( memorandum of understanding ) stating a collaborative effort to get SMT tokens tradable on DAYBIT exchange
In all honesty, I only used a number of exchanges and this was the first time hearing about DAYBIT so I decided to dig in more. Even though there is no STEEM / SBD wallet yet , I did try depositing a lil bit of crypto’s in and start to explore this exchange.
At a glance, it looks just like ANY other exchange. And this is the top 5 exchange in Korea ? I did the norm signup and mobile registration. You had to do it to enable the deposits and 2FA.
The uniqueness about this exchange is that this exchange is just uniquely fast ! After reading more about it, its actually developed using a programming language called “Erlang” which is used for high-capacity data … example WhatsApp, LINE and even games like League of Legends.
What really caught my attention was its built in “trade intelligence”. So If you wanted to catch a trade at the top ( almost top ) and then sell .. you can actually set it to do so.
In the screen above I have set my trade to SELL my EOS to USDT after figuring out the TOP and it drops 5%. Now upon writing this , I just placed my order and waiting for it to execute. Hopefully I can report good news in my next article.
So literally you can also set the BUY signal at the bottom. I’ve not tried it out yet, however excited to see how it goes.
So before DAYBIT enables SMT tokens on the exchange, why not you give it a try so that onces SMT is on board you know how to auto trade. To signup, click the link below
For the 1st prize winner which received a 75% upvote from @sndbox is @depot69
For the 2nd prize goes to @aamirijaz which also gets a 50% upvote from @sndbox
As for 3rd prize it goes to @pialejoana which gets a 25% upvote from @sndbox
Congratulations to all the winners and really appreciate all those who participated. Thanks to @sndbox for running these contest and moving forward, there may be some changes in @sndbox do keep updated with whats going on by following @sndbox ‘s blogs.
So its that time of year once more where florists all around the world charges up to ten folds on flowers and sales of chocolates soars and restaurants just cash in promising the most romantic dinner with your loved one.
For me …. its just a simple date with my ex-girlfriend/partner for life/wife . Treasuring every moment with this amazing woman is truly something which I value.
Happy Valentine’s Day @ireenchew .. xoxo
and for all you steemians out there … may you be able to share it with your loved one. Happy Valentine’s day to you !
So what do you think ? Do give your votes for your favourite video as the community decides the winner with their votes on the comments. You can vote more then 1 favourite so vote all the ones you like ! Voting ends real soon !
It was a very last minute decision to hop on a flight and head back to Kota Kinabalu, Sabah as there was something which I had to do
And as always I took the opportunity to meetup with all steemians who was around town and had the time. Being all part of STEEMXP community and also TEAMMALAYSIA , we had a breif discussion as to the current markets and also direction of growing STEEM adoption in Malaysia.
Looking at 2019, it is going to be a lot of speculations and fud in the crypto space. I do have confidence in the blockchain technology and its surely going to strive into something greater then what it is known for today.
We will however always push for growth in this region with a few more events being line up throughout the year, we have already begun planning workshops and more talks around the STEEM ecosystem. With more and more amazing DAPPS being developed by independent developers, STEEM will surely be one of the strongest blockchain & community around.
Don’t forget our next event is just 2 weeks away in Penang and once everyone is back to work after the Chinese New Year holidays we can push and plan for more confirmed events.
Would love for you to support our campaign on fundition for running all these offline events and promoting adoption of STEEM