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The forex market has a daily volume of $6.6 trillion, but on-chain forex still doesn’t play a meaningful role in crypto.🤔 Find out why and how @0xamberHQ is building a forex-optimized AMM on Pendulum to solve this!
Curve Finance is the Base Protocol for Andre Cronje's new Fixed Forex application. Forex does $6.6T in daily volume....if the defi forex protocol took even a small percent of that volume, Curve stakeholders would be massive incentivized by their portion of transaction fees.
On July 2nd, Andre Cronje, the programmer behind Yearn Finance, announced a new project that he was launching: Fixed Forex. The interesting thing is that the project is notable for being built upon the Curve protocol for stable coin liquidity….a protocol with low slippage and minimal impermanent loss. Although the project is experimental (and currently unaudited), the concept is bold and potentially a groundbreaking use-case for decentralized finance (defi). To understand the potential significance of this project, it is important to understand the massive amount of volume which moves through the traditional finance (tradfi) Forex market everyday. The foreign exchange or forex market is the largest financial market in the world – larger even than the stock market, with a daily volume of $6.6 trillion, according to the 2019 Triennial Central Bank Survey of FX and OTC derivatives markets. If Fixed Forex was able to take even 1% of the transaction volume away from tradfi…that would be 66 billion dollars moving across the Curve protocol every day. Fees and pool parameters are decided by the Curve DAO. Currently, the fee on all pools is 0.04%, of which 50% goes to liquidity providers, and 50% to veCRV holders (members of the DAO). As such, veCRV holders get .02% of all transaction fees. .02% of 66 Billion daily fees is: 13,200,000 a day. Since rewards inception on 10/7/20, a total of $30,059,590.81 has been generated for stake holders. Imagine if forex volume could equal those rewards in 2.5days. On chain growth would be extraordinary with significant value accrued by stake holders. Reference: https://andrecronje.medium.com/ https://www.investopedia.com/articles/forex/11/who-trades-forex-and-why.asp
CeBioLabs (CBSL) ICO is Live | BitForex & CMC Listings Confirmed | Another CEX Announcement with 1B Volume Upcoming | Verified & Audited German Project | Global Blockchain-based Enterprise Solutions | Partnerships, Buybacks & Burns
CeBioLabs A Blockchain-based Technical Ecosystem for the Global Cannabis and CBD Markets. // BitForex Listing Confirmed // Reviewed by Authorities // Audited by German Law Firm regarding Regulatory Issues Our ICO is Live: -Stage 1: Aug 1st – Aug 15th -Stage 2: Aug 15th – Sept 5th -Stage 3: Sept 5th – Sept 26th * WEBSITE: https://cebiolabs.io * ICO Details: https://cebiolabs.io/ico-details * JOIN ICO: https://cebiolabs.io/ico/register What Is Cebiolabs ? CeBioLabs (CBSL) is a utility token to link blockchain technology to CBD and cannabis market players. The CBSL token will take over the B2B payment functions as a main part of the following systems: * CeBioLabs SCM: Blockchain-based supply chain management system for cannabis and CBD products * CBSL Marketplace: (Decentralized) Marketplace for CBD and Cannabis products and rights * Blockchain-based Certificate of Authenticity platform for CBD and cannabis laboratory analysis Producers of cannabis and CBD products, traders and other stakeholders can use our paid blockchain-based systems. Companies can only pay the user fees for the innovative systems and solutions in CBSL tokens. This exclusivity is further reinforced by the global orientation of the solutions and makes the CBSL token the focus of activities. The CBSL token also has real benefits for private investors. The holders of CBSL tokens will be offered exclusive benefits in the numerous planned e-commerce projects. These can be discounts, free product samples or participation in exclusive events. A legal self-assessment in the form of an expert opinion was prepared for the CBSL token by a renowned law firm from Hamburg. This was submitted to the Federal Financial Supervisory Authority for review. Why is CBSL Different? - Registered German startup - Regulatory verified token - Legal Audit was drawn up - Backed by 3 companies - Company with real earnings - Team of numerous experts - Huge new market Useful Links: * Website: https://cebiolabs.io * TG: CeBioLabs * Twitter: cebiolabs Token Details: * Token: CeBioLabs * Ticker: CBSL * Total Supply: 100,000,000 * Industry: Technology * Features: Buybacks & Burns * Network: Binance Smart Chain Verified Contract : https://bscscan.com/token/0xbfb8f92e8f3a9034019ac97fd9f85c6dfb513834
Curve Finance is the Base Protocol for Andre Cronje's new Fixed Forex application. Forex does $6.6T in daily volume....if the defi forex protocol took even a small percent of that volume, Curve stakeholders would be massive incentivized by their portion of transaction fees.
It seems that ForexVPS offers free vps-services as long as certain monthly trading volumes are met and I was wondering about the method of calculation. For example, the “Basic+” plan has a minimum of 10 lots to be free of charge...now if just I were to open 10 1-lot trades and immediately close them again throughout the month, would the goal still be met?
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