What a Crazy Week — VAULT Cryptocurrency Blockchain News #42
Just in case you didn’t think the world was going crazy enough, this week proved that things are definitely getting weird. We saw mounted police in Canada trampling down peaceful protestors, and the Canadian government ending freedom of assembly and speech and seizing bank and crypto accounts.
The ongoing or increasing threat of a Russian invasion of Ukraine is causing all financial markets to have a negative reaction.
You can charge Teslas with DOGE coin now.
The FBI has formed a special unit to investigate cryptocurrencies.
Is it any wonder that the Crypto Fear and Greed index has moved heavily into the fear range this week?
You have to have a tough skin to survive in the crazy times we live in. Some people might forget that cryptocurrencies are “high-risk”, very volatile and often react negatively to global news. This could be a great opportunity for many investors to buy the dip.
If you don’t have money to risk, it might be best to hold off on investing for now and see if the crazy developments we are seeing on the global stage calm down a little.
VAULT Crypto News This Week
BECN upgraded to the new collateral (10000)
All masternodes restarted https://my.vault.investments/coins/becn/
BitWin24 (BWI) and French Digital Reserve (FDR) Delisting Notice
After a review and evaluation of our current listings, we plan to delist BitWin24 (BWI) and French Digital Reserve (FDR) from VAULT platform on February 18th, 2022. This is purely a business decision using a number of factors based on efficiency and benefits provided to investors and VAULT platform customers. Could all BWI and FDR holders please withdraw those coins from VAULT platform as soon as possible. We will take note of any remaining holdings and they can possibly be retrieved in the future by submitting a support ticket.
We would like to wish BitWin24 and French Digital Reserve success for the future.
VAULT Investments provides a service to clients and is not responsible for projects listed or featured in its platform or ecosystem. Users should always DYOR.
VAULT Coin’s Market Performance This Week
We finished out the week at $1.46, which is down from last week’s price of $2.13. We saw a high of $2.07 last Sunday. The weekly low was $1.45 earlier today.
We saw an average of $1,418.36 traded daily. This is down from last week’s average daily volume of $1,614.64. This maintains us above the $1,000 daily level.
VAULT coin trades on SouthXchange and Hype Coin Exchange and we continue to see a majority of trading occurring on SouthXchange.
VAULT’s current price average across all exchanges is 3,648 Satoshi (0.00003648 BTC).
Traditionally, the best time to get into a crypto for the highest potential gains is when or soon after a coin or token is first launched. Many people who bought or mined just ~$100 worth of Bitcoin or Ethereum when they launched became millionaires.
There are 2 sacrifices open this week that I wanted to highlight as potential opportunities to get some tokens at launch on the new layer one blockchain known as PulseChain.
The first sacrifice that opened this week is for credits for a token called $MINT.
$MINT will be the native token of the MINTRA NFT marketplace, a “fork” of OpenSea on PulseChain. OpenSea is an NFT marketplace on Ethereum. NFTs are very popular and the 24 hr trading volume currently on Open Sea is $93,000,000.
What is the purpose of the $Mint token? On the website mintra.info, the purpose of the coin is described as follows:
The average marketplace fee for transactions is 2.5%. Mintra will only have a 2.25% fee for its marketplace. 1.25% of all Mintra marketplace transactions (55.55% of fees) will be sent to a public address. One shall have no expectations of profit from this address.
This address can do whatever it likes. It could use the 1.25% to buy $MINT tokens on the open market and burn them, airdrop marketplace fee revenue to $MINT token holders, or both. For instance, it could split the fee revenue to airdrop 1% and use 0.25% to buy back $MINT and burn it.
$MINT will be the native token used in the Mintra Marketplace.
Why do we need a “green” NFT marketplace? The majority of energy, gas and fees used on the Ethereum blockchain are consumed by NFT transactions.
NFTs have been commonly minted on the Ethereum blockchain, the second most popular after Bitcoin. One analysis found the energy footprint of the average transaction on this network is roughly 35 kWh — about the same as powering a refrigerator for a month. But NFT transactions also involve minting, bidding, selling and transferring a digital token. All these actions are costly, adding up to an average of 369 kWh — over 10 times as much energy. One researcher calculated that a certain artist selling two pieces of artwork used over 175 MWh, creating the greenhouse gas emissions of 21 years of a U.S. household’s electricity use.
NFT transactions on Mintra will be verified by a POS (proof of stake) Blockchain called PulseChain. This will completely eliminate this unnecessary NFT energy consumption.
If you like NFTs and want to pay much less in fees and use a more ecologically friendly blockchain, you might want to research Mintra as a possible investment. From now until the end of this month, you can get 100 points for each $1 sacrificed.
The second project that opened its sacrifice phase this week is Liquid Loans. The sacrifice information can be found at thesacrifice.io.
Liquid Loans plans to launch a whole DeFi ecosystem to enable people to take out interest-free loans using Pulse as the collateral. The project plans to pay fees generated by these loans to holders of the Liquid Loans tokens. You can find more about the ecosystem and whitepaper on the website docs.liquidloans.io.
Liquid Loans is a fork of a successful project on Ethereum called Liquity (LQTY).
You can get 10,000 sacrifice points for each stable coin dollar sacrificed if you act quickly.
I do not promote or endorse either of these projects. Always do your own research and never expect to profit off the work of others.
Cryptocurrency News This Week
GRAYSCALE INVESTORS WANT SPOT BTC ETF
BITCOIN MINING DIFFICULTY HITS ALL-TIME HIGH
RUSSIAN LAWMAKERS WANT CRYPTO RULES
VAULT Crypto Portfolio Tracker
I wanted to give you a running tally of what you could potentially be earning with VAULT. The example I’m using holds 1,000 VAULT, with 0.1 BTC invested in the BTC% program (check it out here).
I wanted to show you what kind of returns you could be earning weekly and cumulatively.
1,000 VAULT initial investment with current value of 1,208.07 VAULT at ~22% ROI generated 5.03 VAULT blockchain rewards this week, for a total of 1,213.1 VAULT over the past 43 weeks if you compounded your daily rewards with 100% reinvest on the VAULT platform. The total dollar value earned is $311.13 at VAULT’s current price of $1.46 (0.00003648 BTC). The total Bitcoin value earned at VAULT’s current price is 0.0077739 BTC.
Placing 0.1 BTC in the BTC% program earns 11% APR, providing a weekly return of 0.00021089 BTC. Over the last 43 weeks, this would be worth 0.00907 BTC with a current value of $363.80. It was announced this week that this program is ending. Hopefully, you made some returns through this promotion.
The current total value of your potential returns over the past 43 weeks would be $674.93 or 0.01747 BTC.
We Are Here to Help You DYOR (Do Your Own Research)
I hope this update on the crazy things happening in the world and more news has been helpful.
Consider investing the VAULT way and enjoy a seamless crypto experience!
VAULT Platform: https://my.vault.investments/dashboard/
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Forever Innovating: https://vault.freshdesk.com/support/solutions
This is not financial advice. VAULT Investments provides a service to its clients and is not responsible for projects listed or featured in its platform or ecosystem. The views and opinions in this update are my views alone and are not necessarily those of VAULT investments or its administration. Users should always DYOR. Invest at your own risk.
About the Author:
My Discord handle is Bobtilladhun.
I’m a long-term crypto investor. I bought my first Bitcoin in 2016 for $700. I sold 1/2 my BTC when the price doubled to satisfy my wife that I wasn’t going to lose all our money and made my initial investment back. Since that time, I have used my remaining Bitcoin stack to HODL and invest in interesting projects. I am a founding investor in VAULT and have accumulated a significant number of VAULT coins through holding my coins in CRYO and taking advantage of the compounding interest VAULT provides.
I was asked by Ian and the VAULT team to provide a weekly update on VAULT’s performance and current issues in cryptocurrency.
I hope these updates provide you with a quick overview of what is happening with VAULT and in the world of cryptocurrency.
Please contact me on Discord if you have any comments or suggestions.