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Showing posts with the label bitcoin

Binance Does It Again: Passes Deutsche Bank Quarterly Profits, Continues Leading With Token-based Exchange Model

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I am the author of this article and the original piece of content can be found here on my Medium blog . At the end of last year, I wrote an article entitled  Binance Exchange: Fueling a Hot New Era of Token-based Exchange Models? ,  diving into the  innovative token-based exchange model  Binance  brought to the competitive table.  Unarguably, their business model along with being at the right place and time  has catapulted them to being the top cryptocurrency exchange in the world  —  7-months after starting the business. This is  unheard of in the world of business . A startup becoming the all hailed unicorn within MONTHS.  Unicorn = billion dollar valuation . I don’t know what Binance’s valuation is or if we can even value the organization from a traditional valuation standpoint; however,  their 24-hour volume as I type this is $3.9 billion . They  charge a 0.10% trading fee  — we’ll do the math further down. This comes ...

NEO Blockchain’s First Operating Decentralized Exchange Takes Flight, Targets Multi-chain Functionality

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I am the original creator of this article and the original published article can be found here on my Medium blog account. NEO Smart Economy has come out in full force in 2018 with a strong kickoff at their  Silicon Valley NEO Devcon 1  event where Da Hongfei gave a speech on ‘ The New Vision .’ This speech explained the core of  the ‘why’ behind NEO’s birth , what  research they have gathered , and  explained the strategy to become the  #1 public blockchain by 2020 . Hongfei cites that Ethereum’s rise was undoubtedly fueled by the sheer number of Initial Coin Offerings (ICO’s) on its platform. This  article dives a bit deeper into the foundation of NEO as context to why the Switcheo Exchange is an exciting project to pay attention to.  It is  NEO’s first operating decentralized exchange  (DEX) which also plans to implement ERC-20 (Ethereum) and QRC-20 (Qtum) token trading alongside their already implemented NEP-5 (NEO) token tr...