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Bitcoin: When Can We Expect a Potential Golden Cross?

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Bitcoin: When Can We Expect a Potential Golden Cross?

Bitcoin will have a huge impact on the market if it successfully achieves what its indicators seemed to show. With BTC trading close to $ 40,000 right now, analysts are skeptical of what’s next. Popular analyst Michael van de Poppe recently analyzed the cryptocurrency market before marking the important levels that could determine the future price movement of BTC.

Bitcoin Golden Cross

This has also been analyzed and discussed in the past. In fact, a previous analysis had set the probable dates for the Golden Cross (GC) at the end of July and the beginning of August – a forecast that now seems to be coming true.

When the 50 MA (Moving Average) crosses the 200 MA, a Death Cross (DC) occurs – usually an indication of a decline / strong consolidation. A GC is seen when the opposite happens. While the likelihood of a GC was grim for most of the month, that GC could come true thanks to a weeklong rally.

Bitcoin Death Cross June 19 | Source: Michael van de Poppe

After June 19, DC, the 50 MA continued to fall. However, with the tightening of the indicator, the GC is closer than it was before. This also opens up different price ranges for Bitcoin, each of which could aid or distract a bull run.

Important zones to watch out for

First up is the $ 41,000 level. While many maximalists and investors expect BTC to break through $ 41,000 in the next few days, the analyst disagreed.

“We are still operating within the resistance … we will achieve some consolidation before we get a (bullish) continuation”

This sounds plausible, especially since any rally could result in a slight correction and for Bitcoin this correction could occur at either of these two levels –

  1. A decline towards $ 34.5,000 – $ 36,000 – higher lows in this area will only be the support Bitcoin needs to rebound moderately
  2. Higher Low at $ 32,6,000 – As critical support for the $ 40,000 rally, a higher low can serve as good support for another rally

According to Van de Poppe

“If these 2 zones [ 32.6k/34.5k – 36k ] hold, that would guarantee the price of Bitcoin or at least drive it up. “

Important holding areas of Bitcoin | Source: Michael van de Poppe

In addition, the analyst claimed that any breakdown from these levels could cause Bitcoin to drop to $ 26,000. This would validate the China pump scenario.

Bitcoin’s on-chain metrics seemed to deviate from that prediction, however.

Bitcoin is not controlled by the Chinese

A simple observation of the price DAA divergence shows how BTC managed to finally break its 2-month downtrend. This outbreak is indicative of increased retail participation that follows the rise in miners’ participation.

According to the Miner Net Position Change, the miners are buying again because BTC has finally left the “The Great Migration” phase. These results also underscore the positive sentiment in the market that could protect BTC from a major collapse.

Bitcoin Price DAA divergence breaks the downtrend | Source: Glassnode – AMBCrypto

Change in the net position of Bitcoin Miner | Source: Bitcoin archive

Bitcoin traders need to know about this “very bullish thing”

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Bitcoin traders need to know about this

Bitcoin took a big step and opened with some decent gains this week but was turned down just over $ 40,000. Around this resistance, the bears started pulling the price down, but the bulls are still pushing as BTC was trading at 39.73K at press time, highlighting daily gains of 6.74%.

This week got off to an exciting start as the price of Bitcoin skyrocketed like a roller coaster ride fueled by speculation about Amazon’s acceptance and rejection of BTC. Nonetheless, Bitcoin maintained its uptrend amid the Tether FUD, which was later exposed, and rejection from leveraged traders.

A timeline of the news event with the price movement; Source: Santiment

An explosive step ahead of you?

A previous article indicated that Bitcoin’s Relative Strength Index, breaking away from its ongoing downtrend for the first time this year with a massive uptrend, was a major sign of the asset’s uptrend. Another strong indicator of “explosive upward momentum” was the Bollinger Bands.

Trader and analyst Scott Melker in a current video stressed that the Bollinger Bands were tight around December 2020, then by April 21 bands had narrowed again. Interestingly, the bands were really tight all month; When this previously happened in December (2020) and April (2021) it resulted in a volatile explosive move that the BTC price is showing. Melker continued to describe this tightening and the recent opening of the bands as “very bullish”.

Bollinger Bands on BTC’s daily chart; Source: Scott Melker Youtube

But what about the bearish signs?

External news has always been a major driver of Bitcoin’s price and sentiment. Most of the time, when the price goes up, the social sentiment generally stays high too. This time around, however, BTC’s Twitter-weighted sentiment quickly turned positive amid Amazon rumors, but plunged to its lowest level in 6 months when Amazon denied the rumors. The same case was seen for Bitcoin’s overall weighted sentiment, which was also down.

Source: Sanbase

However, one report indicated that the projected funding rate is currently neutral or negative, which means most people are in short supply. Does this mean that the recent Bitcoin price action was not enough to cause a reversal?

Source: Funding quota – Bybt

It is fair to say that in order to see a real reversal we will need a continuation of breaking the $ 40,000 resistance and further testing of the $ 42,000 mark to decipher a better long-term picture for the coin. While Twitter sentiment and funding rates show that the majority of gamers are still pessimistic about Bitcoin, upward price movements could have a positive impact.

Bitcoin analyst talks about the “opportunity” in the current market

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Bitcoin analyst talks about the

With targeted price action and an accelerated upward movement for most currencies in the wake of the Bitcoin rally, new levels of sentiment and behavior were observed across the market. While all rallies are a sigh of relief, this Bitcoin rally in particular has been significant after the many negative news and sentiments surrounding BTC over the past few months.

After Bitcoin’s weekly gains of nearly 30%, the big question remains, is Bitcoin finally leaving the sandbox? BTC analyst Benjamin Cowen presented optimism about Bitcoin’s alleged exit from the sandbox in a recent video. He said:

“After spending the summer in the sandbox, the price of Bitcoin could finally come out. We need more time to tell, but momentum is with us for now. Whether we leave it now or later, it is more or less a win-win opportunity. “

Source: Benjamin Cowen Youtube

Bitcoin has been in a sandbox since the May 19 price drop, which has fallen 40-50% after entering the below $ 40,000 zone. The region between $ 30,000 and $ 40,000 that Bitcoin has been stuck in since its fall is the sandbox. The sandbox basically contained a lot of roller coaster price moves that continued to create fear at the lows and FOMO at the highs.

While there have been attempts by the king coin to break out of the sandbox, this counts, because after swinging in the lower zone of the sandbox since June 15, this is the king’s first attempt to break out.

Now there can be two possibilities, on the one hand that Bitcoin falls a little and consolidates more before it rises, and on the other hand that Bitcoin is finally released from the sandbox. According to Cowen, both cases were a win-win situation because if the former happens, more BTC can be bought at a low price, and if the latter happens, another price high could be possible, triggering an alternate season.

That being said, it is noteworthy that Bitcoin’s 30-day MVRV, which is used to identify the gain or loss of short-term holders, showed some worrying signs. These levels are higher than in June after seeing a deep decline. On the flip side, however, these are the highest levels since March 15, after which the price rallied (after a slight decline).

A report highlighting the same thing noted that “this usually suggests that short-term owners have an incentive to take some profits off the table if something terrifies them”.

Source: Sanbase

So by looking at the metrics, it is safe to conclude that the price of Bitcoin, as it exits the sandbox, can temporarily consolidate between the lower and upper sandbox levels. Either way, as Cowen said, it should be a win-win scenario for investors and traders.

Monero, MATIC and Binance Coin Price Analysis: July 28th

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Monero, MATIC and Binance Coin Price Analysis: July 28

However, Monero’s market capitalization rose despite the rise in prices, while MATIC and Binance Coin’s market capitalization saw a decline. The price of XMR showed chances of low volatility, while MATIC posted a weekly gain of 47.2% and eventually Binance Coin could be heading for a possible price breakout.

Monero

Monero, MATIC and Binance Coin Price Analysis: July 28th

XMR / USD, TradingView

Monero’s price action was halted after yesterday’s price plunge, but the XMR rose 2.5% in the past 24 hours. At press time, the coin was trading for $ 230 and gained 23.3% over the past week. On the flip side, if the bulls gain momentum, prices could see resistance at $ 232, and if the bulls move down, the support region is at $ 215. Market capitalization rose 3.62% overnight.

Bollinger bands widened and stayed parallel, which meant that prices were trading with volatility but staying in a limited range during upcoming trading sessions. The coin’s trading volume was down 2.20% at the time of going to press. Squeeze momentum indicator got into a squeeze that signaled a phase of comparatively lower volatility.

MATIC

Monero, MATIC and Binance Coin Price Analysis: July 28th

MATIC / USD, TradingView

In the weekly period, MATIC recorded a breathtaking price increase of 47.2%. On the flip side, support for the coin was at $ 0.94 and with a rise in price, MATIC could encounter resistance at $ 1.06.

The downward trend of Parabolic SAR As can be seen on the 4 hour technical chart, its dotted lines above the candlesticks were pointing what was leading down at a time. Bollinger bands remained broad and parallel, so that a price movement is to be expected with the range.

The buying pressure also received an upward surge since Relative Strength Index cash flow shown.

Binance coin

Monero, MATIC and Binance Coin Price Analysis: July 28th

BNB / USD, TradingView

Over the past seven days, the coin has rallied quite a bit despite the regulatory issues. The coin was available for $ 317 at the time of writing.

The BNB’s volatility aspect remained low since Squeeze momentum indicator pictured low volatility and a buy signal. Despite buying signals, the BNB did not see any increased purchasing power in the market compared to other altcoins.

The market trend seemed to be weakening since Average direction index was seen at the 20 mark which meant a breakout could happen. Parabolic SARs dotted lines hovered above the price level, suggesting that a downtrend was at play.

Ethereum, Dogecoin and Ethereum Classic Price Analysis: July 28th

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Ethereum, Dogecoin and Ethereum Classic Price Analysis: July 28

Ethereum showed heightened signs of volatility with reasonable buying pressure, Dogecoin showed a short sell opportunity along with decreased trading volume. Finally, Ethereum Classic was showing decreased purchasing power at press time.

ether

Ethereum, Dogecoin and Ethereum Classic Price Analysis: July 28th

ETH / USD, TradingView

Ethereum’s price regained momentum after the Alt briefly slumped on Tuesday; At the time of going to press, the coin was valued at $ 2298. It gained 4.3% overnight and was up 28.3% for the past week. Market capitalization rose 4.45%. Overall, the coin showed bullish sentiments, but it is extremely important that the bulls have enough momentum to break the $ 2,390 mark to test the $ 2,400 mark.

Volatility remains a factor in ETH prices, as is the case Bollinger bands.

The buying pressure remained constant over the past 24 hours, although the buying pressure eased slightly. Relative Strength Index stood at the 60 mark, which painted a bullish picture and sufficient buying pressure.

July 27th, MACD Indicator showed a bearish signal but was falling as prices rose.

Dogecoin

Ethereum, Dogecoin and Ethereum Classic Price Analysis: July 28th

DOGE / USD, TradingView

Over the past 24 hours, while other altcoins have risen significantly, DOGE has only seen a 4% gain. On the weekly chart, Dogecoin recorded a significant plus of 21.6%.

DOGE’s trading volume over the past 24 hours is down 116.12%, confirming the decrease in buying pressure since yesterday. Relative Strength Index noted a slight spike at press time, suggesting buying pressures were returning to the market.

The technical outlook offered DOGE an opportunity to sell short since Squeeze momentum indicator indicated that the market was on the verge of a bottleneck with an expected price breakout.

Green signal bars on Great oscillator the bullish signal that had been built flashed and if the bulls recovered and prices continued to move higher, the coin would experience resistance at $ 0.21. At the time of writing, Dogecoin was priced at $ 0.20.

Ethereum classic

Ethereum, Dogecoin and Ethereum Classic Price Analysis: July 28th

ETC / USD, TradingView

Ethereum Classic was in the red at the time of going to press; however, it was a small daily increase of 3.0%.

ETC’s current market trend slowdown was announced on Average direction index that indicated the possibility of price cuts. If the price fell further, ETC would float near or even fall below the USD 46 support level.

The pressure to buy also eased Relative Strength Index noted a downward trend at the time of going to press. The trading volume also fell by 19.20%, which indicates reduced purchasing power in the market. Chaikin money flow also saw some decline in capital inflows at the time of going to press.

Bitcoin, XRP and Cardano Price Analysis: July 28th

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Bitcoin, XRP and Cardano Price Analysis: July 28th

The most recent jump in the crypto market came right after Tesla’s June quarter earnings revealed it was still holding $ 1.3 billion worth of Bitcoin. Bitcoin rose to the $ 40,000 mark. XRP flashed mounting buying pressures along with signs of increased volatility, and eventually ADA saw a decline in capital inflows at press time.

Bitcoin

Bitcoin, XRP and Cardano Price Analysis: July 28th

BTC / USD, TradingView

Bitcoin rose nearly 7% and hovered very close to the $ 40,000 mark. It was a volatile couple of days for the crypto market as the big coins rallied and then lost value.

Conversely, Bitcoin’s trading volume was down 7.77% at press time, suggesting that selling pressure in the market has decreased compared to yesterday. Buying pressure skyrocketed as Bitcoin fell into the oversold and overbought territory. Relative Strength Index was seen above the 75 mark confirming the above statement.

Bitcoin rebounded, trying to break the $ 40,000 mark just a few days ago; The prices moved in the same range for some time so that the market trend strengthened. Average direction index was pictured over 40 marks; a reading that indicated a stronger market trend.

Green signal bars on Great oscillator also increased in size and number, indicating an onset of bullish strength.

XRP

Bitcoin, XRP and Cardano Price Analysis: July 28th

XRP / USD, TradingView

XRP has recovered 11.7% of its lost value in the past 24 hours. Due to the price increase, the market capitalization rose by 6.96% and the 24-hour trading volume also shot up by 16.71%. XRP was priced at $ 0.66 at the time of writing.

Relative Strength Index showed a bullish trend; XRP fell back from the overbought zone; however, at the time of this writing, the indicator was registering a northward move, suggesting buyers are ahead of sellers.

In terms of volatility, Squeeze momentum indicator indicated a squeeze release, which meant that prices could fall and rise sharply in the coming trading sessions. It also showed a decline in the buy signal at press time.

MACD The indicator showed a bearish crossover on July 27th and red histograms showed a bearish signal.

Cardano

Bitcoin, XRP and Cardano Price Analysis: July 28th

ADA / USD, TradingView

ADA was at $ 1.27, up a 4.2% increase in the daily timeframe. The coin rose more than 22% over the past week, posting a 2.1% intraday gain.

Volatility seems to remain high since Bollinger bands Clearly open at the time of going to press. If prices move up, the immediate resistance is at $ 1.31 while support is at $ 1.21.

Despite the price increase, the buying pressure did not show any significant upward movement, but rather Chaikin money flow a slight dip, which meant a decline in capital inflows. Capital inflows could potentially increase with the upcoming trading sessions if the coin prices stay at current levels.

MACD still showed the presence of bearish histograms but the coin was moving towards a bullish crossover.

Coinbase Report: ETH’s trading volume increased more than Bitcoin’s in the first half of 2021

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								Coinbase Report: ETH's trading volume increased more than Bitcoin's in the first half of 2021

During the first half of 2021, the volume of ETH increased by more than 1,400% to a total of $ 1.4 trillion, while BTC increased by 489%, reaching a total of $ 2.1 trillion.

ETH beats BTC for the first time

Coinbase took data from 20 trading venues and released a report, stating that Ether’s trading volume increased 1.461% during the first six months of 2021. Its total jumped to $ 1.4. trillion compared to $ 92 billion in the first half of 2020. Meanwhile, Bitcoin has increased by 489% and its trading volume has reached $ 2.1 trillion.

The Coinbase report noted:

“Many of our largest institutional clients, including hedge funds, endowments and corporations, increased or added their first exposure to ETH in the first half, believing the asset has long-term staying power equivalent to that of BTC, while still performing a differentiated role in their portfolios. “

The research also revealed total market capitalization numbers for the first half of 2021. At the start of the year, the market started at $ 769 billion and climbed to $ 2.4 trillion in May. Thereafter, it fell to $ 1.4 trillion by the end of the period.

Most of Bitcoin’s profits came during early 2021 until April, when its price rose towards an ATH. In contrast, Ether saw most of its earnings in May 2021, when it was worth more than $ 4,000.


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Can ETH Become the Largest Cryptocurrency?

The debate on whether Ether can overtake Bitcoin and become the leading digital asset has been a hot topic in recent years.

In early May, billionaire owner of the Dallas Mavericks – Mark Cuban – joined the argument and gave his three reasons why ETH will eventually overtake BTC: Ethereum’s network is capable of processing more transactions per second. , and it is the platform on which “the future of finance” is built. It also boasts greater usage than Bitcoin.

Major investor Mike Novogratz also gave his two cents on the matter. The famous crypto bull has suggested that such a scenario where Ether outperforms Bitcoin is possible as the network behind the second largest cryptocurrency is rapidly expanding. However, he outlined the characteristics of the two digital assets expecting BTC to be the digital version of gold while ETH will have different purposes:

“I think Ethereum might even become the largest cryptocurrency someday, but it will have a very different use case than BTC.”

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Cashing in on Buterin’s $ 1 billion SHIB donation isn’t easy, says creator of COVID-Crypto Fund

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								Cashing in on Buterin's $ 1 billion SHIB donation isn't easy, says creator of COVID-Crypto Fund

It’s been two months since Ethereum cofounder Vitalik Buterin shocked the entire crypto community with his $ 1 billion Shibu Inu (SHIB) donation to COVID-Crypto Fund in India. However, according to the fund’s creator, the collection proved problematic.

Only $ 20 million was disbursed

But to date, according to Sandeep Nailwal, co-founder of Polygon and creator of the Fund that received the donation, only an infinitesimal part of the tokens have been distributed.

In fact, the New Delhi-based entrepreneur revealed that just $ 20 million of SHIB tokens were paid for with another $ 20 million in the pipeline.

Sandeep Nailwal: It’s not easy

The fund’s creator told Bloomberg that cashing in on Buterin’s $ 1 billion donation is quite complicated due to the cumbersome processes involved such as liquidity concerns, compliance with government policies, and proper distribution of funds.

“Between cashing in on an illiquid asset, complying with government regulations, and getting the money to the right places, it’s not easy,” said Sandeep Nailwal.

According to him, compliance with India’s Foreign Contribution Regulation Act requires that tokens be converted first before rupees. He noted that 80% of the tokens have already been converted.


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With $ 20 million paid so far, the fund’s creator has said he wants to ensure the money hits the base level. The funds are provided to food distributors across the country, as well as to an organization that sets up mini-intensive care units for COVID-19 patients in rural areas. Nailwal plans to hire a top auditing firm to ensure transparency, the report added.

Buterin’s $ 1 billion SHIB donation is now worth $ 400 million

As reported in May, Vitalik Buterin, who was donated half of Shiba Inu’s total supply, surprised everyone when he burned 90% of his nearly $ 7 billion worth of SHIB holdings along with other dog meme tokens. He donated the remaining 10% to charities and Nailwal’s COVID-Crypto Fund received SHIB 50 trillion ($ 1 billion at the time) with GiveWell and Charter Cities Institute also among the beneficiaries.

In the aftermath of the event that shook the market, SHIB and the other tokens collapsed heavily, losing almost half of their value at the time. The drop in Shiba Inu’s price also affected the SHIB’s 50 trillion donation, and Nailwal estimates the new value to be around $ 400 million.

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Race cars and earn cryptocurrency with Riot Racers

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Race cars and earn cryptocurrency with Riot Racers

The gaming industry has grown exponentially in recent years and the play-to-earn gaming model is leading the way with an innovative approach that puts the player first.

Play-to-earn is a relatively newer concept that allows players to own a portion of the game, earn cryptocurrency-backed tokens by playing, and later trade or exchange earned tokens for fiat on cryptocurrency exchanges.

While the play-to-earn gaming industry has seen steady growth recently, many of the games have become too expensive to start playing, with the cost to play often in the hundreds and thousands of dollars.

However, an exciting new car racing game, Riot Racers, aims to solve this problem by giving players the option to purchase a racing car for just $ 25.

What is Riot Racer?

Riot Racers is a new play-to-earn gaming platform where users buy cars and compete against each other to compete for rewards. Players can own cars, gas stations, track land, billboards, car upgrades, and mechanic stores – all in the form of NFTs on the polygon blockchain.

The Riot Racers platform creates an immersive gaming experience that combines easy-to-use and accessible gameplay for beginners with advanced customizations and strategies for more experienced players.

Race on the platform

After purchasing their cars, players can upgrade their vehicles by upgrading the engines, tires, and other parts. Cars start in the rookie class and move up through classes by receiving XP that racers earn by participating in races (1 XP for each race they finish).

By leveling up, players not only increase the value of their cars but also increase their chances of winning races.

Riot Racers players buy gasoline to compete in races from the game’s gas stations, which are among the rarest assets in the game, with only 20 available at launch. Players who own these gas stations receive a portion of the fuel purchased.

All of the gasoline purchased by all players in a race forms the reward pool. After the race, the winner will receive 50% of the pool, while the second and third placed will receive half of the remaining pool. All players are rewarded with RIOT tokens.

Before participating in a race, players are made aware of the race conditions and can choose from various equipment and strategy options to optimize their chances of winning.

The gameplay takes place in the background, and while there is a weighted, random algorithm that adds an element of randomness to the results, much of the results are based on the user’s decisions regarding vehicle class, upgrades, and their racing strategies.

Racetracks and Billboard Lands

The Riot Racers platform has seven racetracks, each divided into 100 plots. The seven racetracks are:

rank Track name location Racing class
1 Circuit de Piquet Monaco Legendary
2 Fukuzawa circuit Japan Pro, legendary
3 Ho-Pin-Tung circuit China Aero, Pro
4th Petrov racetrack Russia Tracker, aero
5 Senna Campeonato Brazil Driver, tracker
6th Verstappen round Netherlands Rally, driver
7th Andretti racetrack United States Beginners, rally

Racetrack land owners earn rewards every time a race takes place, and the revenue is shared proportionally between them.

Once a user buys a piece of land they become the Land Baron in the game, and if their car crashes during a race they can skip the 6 hour repair time after each race.

The Billboard Lands around the track offer users an innovative way of promoting racers during the game. When players compete in a race, they will see the Billboard Landowners’ Billboard ads.

Billboard Land owners are also known as Land Barons and can rent their advertising space to other users or place their own advertisements on the space.

Mechanic stores

Players take their cars to mechanic workshops to buy and install upgrades to their vehicles. The Genesis Collection Game Assets only have 50 Mechanic Stores for users to purchase. Further mechanics workshops will only be released after a new car collection has been published.

Mechanic Shops are the second rarest feature in the game, and owners can earn a portion of the upgrades purchased in their shop, in addition to becoming land barons. In order to give each shop owner an equal share of the upgrades purchased, a round robin process is used when users upgrade their vehicles.

The riot token and its tokenomics

$ RIOT is the native token of the Riot Racers platform and allows players to purchase game assets, compete in races, participate in the Council of Racers, and receive rewards for staking. In order to minimize price fluctuations, the prices in the game are given in USD. This also allows users to fully focus on the game instead of worrying about cryptocurrency price fluctuations.

The $ RIOT tokens have a maximum limit of 250,000,000 tokens and are a fungible ERC-721 token that was created with the intent to be used as a utility governance token and therefore none of this has been allocated for investors. In fact, the token was designed to flow in and out of the game and community.

The Council of Racing Drivers

All racers are involved in the game through the Council of Racers, which gives players the opportunity to participate in the decision-making and operations of the Riot Racers platform.

Users can vote on suggestions, gameplay changes and new additions to the platform. All users of the $ RIOT token are entitled to vote. Any suggestion requires an 80% majority to ensure continuity in early game play. However, this large majority can be changed later as the council or racers grow larger.

graduation

Riot Racers will transform the gaming space with a user-centric and accessible approach to owning and participating in games, as well as an innovative and engaging approach to gameplay for all users.

TThe Riot Racers platform offers endless possibilities to its users and aims to pioneer the play-to-earn crypto gaming industry.

For more information on Riot Racers, visit theirs website or yours Twitter and discord.

Disclaimer: This is a paid post and should not be treated as news / advice.

Robust protocol: introduction of a hyper-deflationary token

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Robust protocol: introduction of a hyper-deflationary token

[Featured Content]

Robust Protocol runs an aggressively hyper-deflationary cryptocurrency with a fixed supply, operating on the Binance Smart Chain (BSC).

Towards the beginning of 2021, the Ethereum network became particularly clogged as the popularity of decentralized finance saw more and more people attracted to the field. This is where the Binance Smart Chain really took off and even passed Ethereum’s daily transactions of considerable magnitude.

This led many teams to focus on building BSC as it was more efficient, effective and faster. Of course, some have argued that there are drawbacks to this, especially in terms of centralization, but the fact is that BSC has emerged as a viable alternative and has seen an influx of projects.

Robust protocol operates on the Binance Smart Chain as a means of reducing transaction fees while also improving speed and scalability.

What is Robust Token (RBT)?

By identifying a problem with most inflationary tokens, the team behind Robust Protocol introduces a hyper-deflationary token with a limited and fixed supply on BSC.

The total supply of RBT is 100,000 minted at launch. It will never be possible to create multiple RBTs. Going even further, however, each transaction with RBT will incur a 1% fee. This fee will be automatically deducted from every single transaction. It will then be burned and converted to Robust Reward – RBW.

What it does, in essence, is to contribute to the permanent reduction of the total supply of the RBT token.

Now, it’s also worth noting that not all 100K tokens were put into circulation on day one. 50% of it, or 50,000 tokens, was transferred to the RBT Reserve under a 15-day fixed-term contract.

This reserve is the only source that can inject more RBT in circulation and is obviously limited to 50K RBT. The main idea behind it is to inject more RBT into circulation in the event of a drastic reduction in total supply that can occur in times of extreme price movements and rapid combustion. Of course, the injection can take place after a vote from the community of RBT holders.

Here’s what token distribution looks like:

token_distribution_chart

What is the robust reward?

For one thing, the robust reward (RBW) can only be created by the RBT smart contract. Basically, whenever there is a transaction, there is a 1% fee which is deducted and converted to RBW, as mentioned above.

RBW represents the holder’s share in the Robust Protocol ecosystem. It will be used for the governance of the entire ecosystem and to grant voting rights to its owners.

Additionally, RBW will also be the primary token for the bootstrap of any future projects that are under the umbrella of the Robust protocol.

In light of what we previously discussed about token injection from the RBT Reserve, RBW holders can vote to unlock all or a fraction of the 50K RBT locked in a 15-day timeframe.

Of course, the RBW holder, the more RBTs they will receive from that distribution, as the unlock will be distributed pro rata to all RBW holders.

Concluding thoughts

In addition to the unique tokenomics of the protocol’s own native cryptocurrency, the roadmap promises many things. Features include an algorithmic stablecoin, lending and lending capability, and in-depth analysis within the exchange in the RBT ecosystem.

Once all of this is delivered and deployed, it will be the perfect spot to expand and further develop the platform in the future.

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