November 28, 2020 View Online
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Normal people and mainstream media are talking about crypto again, makes us really nervous. Hard to avoid 2017 crypto Vietnam flashbacks. Adoption might be real this time though. Don’t be greedy, set stop wins. What’s your profit taking strategy? Let us know in the comments.

In today’s edition: we review the high-throughput self-learning autonomous blockchain Velas and the Roobee investment platform. Along with taking a look at Elrond’s upcoming December mainnet upgrade.

What is Roobee? Investments Open To Everyone

roobee investment platform
Roobee allows users to build investment portfolios combining various assets: cryptocurrencies, stocks, startups, ETFs, and more. Recently, the team launched DeFi farming for ROOBEE token on Ethereum and Binance Smart Chain.

What is Roobee?

The mission of Roobee is to open up the opportunity for investing to everyone: no matter what income level. The project aims to provide a route for investments from $10 into products that are usually only available to large institutional players, qualified investors, or hedge funds. As a result, the platform is beginner-friendly and gamifies the process of investment. No need to spend hours studying market trends, simply answer a few questions, it will generate a portfolio from your risk profile.
what is roobee investment platform
The idea is that by making the process less tedious, Roobee users will become more disciplined and regularly about making investments. Furthermore, you can rebalance and adjust your portfolio in just a couple of clicks.

Why use blockchain technology?

Roobee platform provides transparency and genuine statistics by recording all investment decisions in the blockchain. As a result, users can view exactly how much money is going into different investment products and see real returns. Furthermore, by saving data on a chain it is tamper-proof and safe from falsification. Consequently, nobody could claim that the user has not made this investment. Roobee platform also saves details such as conversion rates, fund movements, and investment terms on-chain, for historical purposes.

Additionally, users can hold ROOBEE tokens to gain a premium status on the platform. This enables priority access to additional investment modes which are high-demand and have limited allocation. Furthermore, users can reduce the fees for using the platform by paying with ROOBEE tokens.
the roobee farm for yield defi strategies
Multi Chain DeFi… ROOBEE farming is live on Ethereum and Binance Smart Chain for providing liquidity on Uniswap or Pancakeswap.
  • If you have a high-risk tolerance for impermanent loss, there is also a community farming pool ROOBEE-CAKE LP pair which currently has an APY over 400%.
Looking to the future… platforms offering an easy path for traditional investors and beginners to expand their portfolio into crypto show clear room for growth. Plus, Roobee has a strong team of partners behind it in the form of Binance, BitGo, and HyperLedger.

What is Velas? AI Powered Smart Contract Platform

what is velas AI powered smart contract platform
Velas stands for Virtual Expanding Learning Autonomous System, it's an industry first for merging artificial intuition with blockchain. The idea is that Velas chain will operate autonomously, powered by VLX token, removing all the risks of human error.

What is Velas?

Velas is an ultra-high-throughput blockchain that is self-learning and self-optimizing, meaning it will constantly improve over time. As a result, there will never be a major hard fork that could split the community in half over an upgrade. By using neural networks, the Velas blockchain makes use of artificial intelligence to enhance its unique consensus algorithm. Known as Artificial Intuition Delegated Proof of Stake or “AIDPOS”, the AI-controlled algorithm will automatically calculate the optimal reward for node operators, VLX stakers, and block discovery times. In this fashion, the network can maximize throughput while keeping decentralizing, stability, and security at maximum efficiency.

Currently, Velas can achieve up to 30,000 transactions per second - which is much higher than over major cryptocurrencies. This level of TPS is higher than traditional payment systems such as Visa or Mastercard. Subsequently, as Velas supports smart contracts, it is in a prime position to provide decentralized finance (DeFi) applications that can scale to serve millions of users.

Native Cross Chain Bridges

The network natively supports cross-chain asset swaps through Velas Bridges. Users can easily swap their crypto assets between multiple chains and manage them with a multi-wallet. To ensure scalability, Velas wallet uses a system of on-chain/off-chain containers for all supported coins. Therefore, Velas unlocks a whole new world of possibilities for DeFi platforms with in-built interoperability. For example, an upcoming DeFi lending platform Symblox will enable users to collateralize a variety of coins on its platform.
what is Velas
To summarize, Velas provides a powerful framework for teams looking to deploy services powered by smart contracts that can scale indefinitely. Of course, the landscape of “high throughput blockchains” and “smart contract platforms with no scalability issues” is very competitive: Binance Smart Chain, Elrond, Polkadot, and more.

However, no other team is building a self-learning network where dApps will feel the benefit of being AI-powered by default.

Elrond Staking Phase 2, Mainnet Upgrade is coming

elrond staking phase II is coming
Elrond is preparing for its first mainnet upgrade since staking went live, scheduled to happen December 1st. The upgrade will increase the amount of validators in the network, along with enabling additional functionality.

Elrond Staking Phase 2: Validators Queue

Elrond is rolling out staking in four phases, where the first phase is a closed off system. Meaning not everyone could become a validator. It's a bootstrapping process which ensures the network has sufficient eGLD locked into staking. The idea is it will keep the network secure and deter malicious actors. However, phase 2 enables anyone to launch a validator by staking their eGLD and joining a queue.

The queue is a list of new nodes that want to join the ecosystem. Essentially, if any validator chooses to un-stake they will immediately be replaced. It's another security measure to ensure Elrond’s node count cannot fall below a critical level. To summarize quickly, you can enter the validator queue by staking 2500 eGLD.

Why enter the Validator queue?

Once the upgrade is complete and the validator queue launches, a weekly reward pool of 5000 eGLD will go live. Everyone staking eGLD in the validators or delegation queue will be eligible to receive a proportional amount (to their stake) of these rewards. Meaning that even if your validator never moves from the queue into the protocol, you can still earn eGLD.
elrond staking
The APR will be capped at 20%, above is a little breakdown that estimates returns depending on how much eGLD is staking in the queues.

What’s next for Elrond?

Staking Phase 3 and 4, which should happen early 2021, include features such as: increasing the total number of nodes, staking more than 2500 eGLD per validator, and open delegation going live. There is also talk of the first on-chain community voting happening to finalize the upgrades.

Developers… CEO Beniamin Mincu highlights in a recent blog article that it's time to start building on Elrond. Smart contracts with 30% gas royalties that are fast and upgradable on a chain with 16,000 TPS, can’t be found anywhere else!
elrond staking developer kit is ready
Smart Accounts… Elrond accounts have key-value storage, meaning they can store more information than just an address and balance. Think email, BTC address, social networks, KYC status, citizenship - all stored safely in an encrypted form. Developers can leverage these features to unlock a whole new wealth of use cases for blockchain.

NFT Spotlight

Be sure to check the listing on Rarible or OpenSea to view the digital crypto artwork in its full glory, as some art is animated.

A story about life and death, chaos and order. True order comes from the absence of control by human beings...
Pickled Rick

Maybe he put his head too far into the pJar...

Also take note

The information provided on this email should not be taken as investment advice, financial advice, trading advice, or any other sort of advice. dExplain does not recommend the use of any decentralized application nor that any cryptocurrency should be bought, sold, or held by you. You should do your own research and consult a financial advisor before making any investments.

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