The Spartan Protocol Explained

Spartan Swap holds a promise as the DeFi boom continues to defy all odds. Here is what the project is all about.

One of the latest developments in the world of cryptocurrencies has to do with the deepening of the DeFi markets. The introduction of liquidity pools alongside yield farming, and fast access to funds has opened up a new frontier of possibilities that many investors are still exploring at the moment. Spartan Protocol provides an opportunity to access liquidity pools and experience decentralized finance in all possible areas of use.

What is Spartan Protocol 

Spartan Protocol is geared towards the enablement of deepened capital formation through the provision of incentives for participation in liquidity pools. The platform supports the creation of various synthetic assets in a safe manner, adding value and advancing the financial goals of investors. The project is described as a top performer in the ranking of liquidity projects hosted within the Binance Smart Chain.

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SpartanSwap

On the platform, there is the SpartanSwap, which is a native market maker (AMM) with automated functionality. It operates essentially with liquidity sensitive charges or fees.

SpartanLending

With DeFi leading right now in the area of lending, this feature allows for participants on the platform to lend assets or borrow synthetic and real tokens within the platform.

SpartanSynths

This operates within the platform as a tool for minting of synthetic assets. It is weighted to defined and flexible price feeds in order to create leverage and derivatives that are linked to other assets on Binance Smart Chain.

SpartanDAO

Like every DAO with a reward token in its ecosystem, within the Spartan Protocol, the means of governance is defined and using SPARTA, it is able to provide incentives for the lending of digital assets as well as to deepen capital formation. It is also used for rewarding miners on the ecosystem.

Similar Projects and Competition

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There are several projects on the DeFi plane right now that compares substantially with Spartan Protocol. These are looked at a bit more closely below:

JustSwap

This project is native to Tron ecosystem and has the benefit of a huge base of users. However, the project only shares an aspect of Spartan Protocol in its SpartanSwap description. User loyalty would endear investors who are familiar with Tron to try out JustSwap. As much as possible, it is also okay to point out that the support of Binance Smart Chain for SpartanSwap makes it as credible as any other similar project.

Yearn Finance

Yearn Finance is a leading force in DeFi with its early head start as an aggregator explored by investors to maximize yield farming profits. Quite like Spartan Protocol, anyone investing in YFI is confident that the best yields will result for every token bought.  While YFI is marketed majorly as a token that presents the best gains, Spartan Protocol is yet far off from maturity and likely to provide a leap in capital gains going forward.

UniSwap

UniSwap operates an automated liquated pool much like the AMM of Spartan Protocol. Uniswap targets users of the platform to become liquidity providers so that funds are pooled to execute trades. The returns from trades completed and related contracts falls back to each liquidity provider as distributions and via the native UNI token. Much like Sparta, used to incentivize the Sparta ecosystem, UNI does essentially the same function, and is growing in market value.

 Why Use Sparta?

Like most newer projects with a real value addition potential, getting in early means the possibility of higher gains is possible as the project matures. With the known and leading names in DeFi at various levels of maturity, Sparta promises a rush of capital gains for token holders if the present momentum is sustained and not forgetting that is just about to be 6 months in existence by March 2021.

Sparta was given rise to when previously existing 30 projects on Binance Chain used their respective token burn to acquire Sparta. The effect of such combination is the large size of assets that underlie the platform at 300,000,000 tokens. This also enhances the liquidity position and tokens can be readily matched, open orders executed, and auto market maker functions facilitated for the credibility of the platform.

Participants on the platform are also encouraged by the large community of stakeholders, which arose from the other projects that merged into Sparta. The larger the governing community, the higher the chances of democratic norms and better accountability, at least in DeFi.

Price Possibilities 

In looking at the price possibilities for Sparta, a review of the historical position, possible trajectory to the future as well as future price potentials are considered.

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This Is How The Celsius Network Works

Celsius Network offers investors an opening for a decent ROI with the performance of CEL beating several competitors.

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CELSIUS NETWORK REVIEW

There are many platforms available for crypto transactions. Most times, these platforms do not meet your needs. Let us look at one of the leading platforms you can use.

The CELSIUS NETWORK is a modern advanced crypto platform that deals with all cryptocurrency-based transactions. Celsius Network has been in existence for years now with appreciable transaction rate and recommendations from high profile companies and individuals. The platform provides an opportunity to keep and invest your crypto assets in addition to collateral-backed loans.

Compared to big competitors in the cryptocurrency market, there is an appreciable increase in the market price of Celsius token (denoted as CEL), this is due to an enhanced ROI as well as volatility, which provides every investor enough opportunity for profits and little or no losses.

HOW THE CELSIUS NETWORK SYSTEM WORKS

The basic thing to do after registering on this platform is to purchase the token (CEL) and trade your positions. Purchasing the token alone does not guarantee maximal output.

This network system allows any form of investment and guarantees an adequate rate for compensation. Every investor is entitled to certain berth of  opportunities depending on investment made.

Investors with less than 5% investment of their assets are not entitled to any bonus profit and discount or loan interest.  They simply earn what they have invested and nothing else in addition.

However, those who invest about 10% of their capital and assets in Celsius Tokens will earn a bonus of about 10% interest and a loan discount. For investors with about 15% CEL Tokens investment, they earn about 20% interest on both bonus and loan.

The highest investors with over 15% of their capital and assets in CEL tokens earn the highest bonus interest of about 35% and discount 30% loan interest.

This is no doubt a great and rare opportunity for everyone, one that is not available on other cryptocurrency platforms.

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HOW CELSIUS TOKENS WORKS

Generally, all transactions on the Celsius network are done in CEL Tokens, which is the unit for all transactions. This is to ensure equal opportunity and interest for all regardless of currency and asset. The Celsius tokens are used for all withdrawal and deposit transactions. It also makes you as an investor entitled to bonuses and interest. You need to stake and invest with CEL tokens, to enjoy more benefits.

HOW TO EARN PROFIT THROUGH CELSIUS NETWORK

Earning profits has never been easier with any other cryptocurrency platform than the Celsius network. Celsius network gives you a certain interest as profit on every deposit you make into its platform. Unlike other networks, it charges no extra fee for withdrawal or deposit. Those with over 15% investment earn more profits. Quite an incentive for you to open a new account today.

COLLECTING LOAN ON CELSIUS NETWORK

The platform  provide loans of any value to all their customers as long as the corresponding value of collateral in form of cryptocurrency is met. The CEL tokens allow good rates for loans on the system.

HOW CELSIUS NETWORK DETERMINE SERVICE RATES

Due to regular increases and competition in the markets, the Celsius network adjusts service rate weekly. Most of these profits are returned to the market to trade.

MERITS AND DEMERITS OF USING THE CELSIUS NETWORK

Their major aim and objective are to provide an equal financial opportunity for all in the crypto world.

       Merits of Celsius Network

  • Deposits and withdrawal are not limited to this platform, without charging extra fees for them.
  • It gives regular interest rate pay-out to all investors.
  • This network provides an opportunity to transact with other cryptocurrencies without extra charges or issues.
  • The customer support service is available 24/7, and are easily contacted for any support.
  • The platform is available in many countries.

 Demerits of Celsius Network

  • Transactions must be made in CEL tokens before a user can earn interest and bonus.
  • As an investor, you are only allowed to own one crypto wallet address for all your transactions. If you wish to change your wallet address, it takes about 24hrs for a complete activation.
  • To register, all your necessary means of identification and details must be completely verified.

All these are what makes Celsius Network stand out in the cryptocurrency market along with its cons which are attempts to provide maximum protection and satisfaction for all investors and to avoid dubious acts. 

FREQUENTLY ASKED QUESTIONS ABOUT CELSIUS NETWORK

  • Q: Is it safe to trust the Celsius network?

After many years in the market with good recommendations and quality service, it is arguably the best and safest cryptocurrency platform for all investors at all levels. The platform protects against cyber threats. The system provides a 2-way verification method for maximum security.

  • Q: How to get a loan with Celsius Network?

Celsius network gives loans to all investors as long as they own a CEL token. Customers are even give discounts on all loans.

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This Is How Binance Launchpad Works

Binance launchpad is the platform for new tokens to come on stream while Binance launchpool helps investors get on to earn some more on new projects. This is how it works.

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Binance Launchpad

Binance is  one of the largest cryptocurrency exchanges in the world by traded volume, and it  announced in January 2020, that it would launch a new token fundraising event every month through its Binance Launchpad platform. Binance Launchpool and Launchpad are platforms that advise and help project teams on how to best launch and issue their token.

Binance Launchpool lets you use your token to earn or farm a new token free of charge. Each day, tokens earned are proportional to the tokens subscribed to a pool. In a total of 30 days, you earn a new token. Within the first seven days, before the token is listed on Binanace.com, you can trade any token you earn.

Daily, the token you earn are distributed. You also get the luxury to add or remove tokens if you so desire to the eligible pools any time.  The idea is that you can compile new coins after and before a guaranteed listing free of charge.

What’s next- if you got your token and you are ready to farm? Well, getting started is the next agenda. Check out the guide below on how to get started with Binance Launchpool for both web and on mobile app.

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How to get started with Binance Launchpool

Web-version

  1. Log into your Binance account and go to their savings page.
  2. To choose the token you want to use to subscribe, click “Transfer” on the right-hand side of your screen.
  3. Enter the desired amount of token you would like to subscribe to.
  4. Confirm the transfer by clicking on “Transfer confirmed” at the bottom right-hand side of your screen.
  5. Done!

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App version

  1. Open the app and locate the “Savings” icon.
  2. On the token, you wish to subscribe with, click “Subscribe.”
  3. Enter the amount of token you wish to subscribe to.
  4. Read the “Binance Savings Agreement” and then click on the box
  5. Click “Confirm Purchase.”
  6. Done!

FAQs

1.      Who can participate in Binance Launchpool?

Provided you have a binance account, you can participate in Binance Launchpool. If you don’t have an account, register for one here

2.  What is needed to participate in Binance Launchpool?

You need to have at least 0.1 BNB or other equivalent tokens supported in a pool to participate in Binance Lauchpool.

3.      Which pools do Binance support?

Pools supported for each project will vary, but as a rule of thumb, you can find the list of supported pools on the Binance Launchpad page.

4.      Are there any token limits?

Well, as for limit to how much you can stake, there are none, which means you can stake as high as you like. But you need a minimum of 0.1 token to be able to stake.

5.      What happens if I already have my tokens subscribed to flexible savings?

If you subscribed your token to a flexible saving before the activity period beginning then you’ll need to make an additional subscription of 0.1 or more to qualify to earn Lauchpool rewards.

6.      When do I get the tokens I have farmed?

Tokens are distributed everyday between 00:00 AM and 1:00 AM (UTC).

7.      In each pool, how do I see the Annual Percentage Yield (APY)?

Once trading opens, the APY of each pool will become visible.

8.      Is it possible to trade farmed tokens immediately?

You can’t trade tokens earned in the first seven days until the project has been listed on Binance.com. As soon as the trade is live from the 8th day onwards, you can trade any token you earn as you get them.

9.      Has Binance Lauchpool replaced Launchpad?

No. Launchpool is a new initiative that helps you safely farm new coins from existing assets. Sometimes, you can even run both Launchpool and Launchpad concurrently.

10. How to view your average BNB holdings?

On your project dedicated Launchpad page, you can view your average BNB holdings after the staking calculation period starts.

11. Will the BNB I used to subscribe to Binance Launchpool be counted for Launchpad and any other airdrops etc?

Yes, you will still qualify for VIP benefits, Launchpad eligibility, airdrops, etc.

12. Are the tokens I subscribed to Launchpool locked for 30 days?

No, you can withdraw some or all the tokens you used to subscribe whenever you like. At the same time, you can add to the amount of token you subscribe at any time.

13. Where do I learn more about Binance Launchpool projects?

Binance Research publishes reports on each project hosted on Launchpool. So, you can learn all you need to know there.

Hopefully, this article covers most of the questions that you have. If you have any other questions, feel free to reach out to us.

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Planning To Get A Mortgage? Here Are Tips You Must Know

Mortgages are important, they present the common route to owning a home in today’s world. Here are major tips you can use.

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Ah, a mortgage. Few economic contracts are so constantly heard of, yet so poorly understood. We all know they’re used to get houses and, judging from TV shows, we also know they take long to pay and stress you out.

In theory, that should be enough. A longer description could simply say “A mortgage is a loan you get from the bank to buy a house. Essentially, the bank buys the house and lets you live in it while you pay for it. Once you’ve paid it all (as in, the mortgage,) the house is yours.”

But while that description does get the gist of it, there’s more. There’s always more. There are details, tricks, and small print to take care of. Here are some things you should also know before getting one.

The Requirements

Because if you don’t fulfill these there’s no way you’re getting one. In general, the amount of money a bank will be open to lend you via a mortgage will be directly tied to your credit score and your monthly finances.

A person with really bad credit score won’t even qualify for one, while people with a decent score but low monthly earnings won’t be able to apply for a mortgage on a mansion.

The types of mortgage your bank offers

Not all mortgages are the same. The differences between them even go beyond just the numbers, since numbers are something you can actually negotiate.

The type of mortgage refers to the agreement that will rule the whole process. One could divide it in two large groups, being fixed and adjustable-rate mortgages. Fixed rate ones have set monthly payments and interests, while adjustable ones are often recalculated based on several indicators.

There’s more, however. The mortgage you get will often depend on what you’re purchasing real estate for (mortgages for a personal home offer lower interests than mortgages for rentals, or for second properties) so making it clear what you want the property for can go a long way.

If you can’t pay your mortgage it’s not the end of the world – as long as you act quickly

Second mortgages are even more misunderstood than regular ones. The wording itself for the term doesn’t even make much sense, leading homeowners to be puzzled about them.

The actual term behind the “second mortgage” nickname is refinancing, which is what happens when for whatever reason your economic situation changes and you find yourself unable to make your regular mortgage payments.

It is, in essence, a renegotiation of the mortgage contract, usually made to help you keep your house because, believe it or not, banks usually aren’t interested in keeping real estate properties. The trick to get a good refinancing deal is to act quickly.

Don’t wait until you have several months of unpaid bills and an eviction order. The sooner you act, the better a deal your bank will offer you. Many people fail to explore making hay while the sun shines. But, it is the better route to take in this scenario.

Shop around before committing

Don’t just take the first deal you’re offered, or go with the first bank or financial institution you see. Ask around – ask friends and coworkers about their experiences, but also inquire in different places in your own.

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This is important because different institutions will offer you different mortgage terms, and some will be better suited for you than others – in fact, some might even be flat-out superior than others by offering lower interests or smaller payments.

Just as you wouldn’t just buy the very first house you see, don’t take the very first mortgage you’re offered. Wait a bit, think it over, and see what else others can offer. The more the merrier applies in this case and you lose nothing for nosing around for the best deals.

Conclusion

The present depressed economic state of many nations holds some promise to get a good bargain for mortgage in most cases. Though many people are just angling to survive, there is room to go beyond just that.

So, if you have got some mileage, go ahead, and apply the tips above to strike a deal. When the storms of the present settle, you will enjoy the bottom-line.

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With Companies Investing In Bitcoin, Here Are The Likely Areas of Impact You Need To Know

Companies have turned to bitcoin investment to boost their balance sheet and returns. Here is the picture so far

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With companies investing spare cash in Bitcoin, how will their asset size and return jump look like?

The recent rush of Bitcoin investments by economy giants has unleashed a wave of speculation both over the cryptocurrency market and the traditional one. Many takes have been written about why companies are doing this and what it means for crypto, but there’s been far fewer opinions issued on what this means for traditional markets beyond “companies hedging their bets.”

And yet, it’s understandable that traditional markets wouldn’t know what to do with this information. Until now, economy has always moved around goods and production.

Everything traded in stock or commodity markets had a use, a supply, and a reason to be. Even arguably superfluous items, like jewelry, still have a use (in this case, looking good.) The appearance of bitcoin is not entirely speculative and should have been expected to shake the market.

Why does this new market matter?

As stated above, because it’s entirely speculative. Bitcoin, and its value, isn’t based on anything other than supply and demand for an entirely useless good. There is a world of good to Bitcoin and this can be seen in the huge amounts of money so obscene used in its daily trades that the GDP of several countries is dwarfed in comparison.

Why are companies buying it?

To hedge their bets against a recession, plain and simple. Bitcoin could be thought of as virtual gold (minus the actual, real life uses of gold,) and when markets expect an incoming recession it’s quite common for investment in stocks to drop and investments in certain goods to rise.

While several governments in the world keep acting like nothing is going on and there’s no recession whatsoever, large companies aren’t buying it. They know we’re in the middle of a recession. They know the more than a million deaths from COVID (and counting) plus countless people left with long-term illnesses will take a toll on the worldwide economy.

We just haven’t seen it. So many companies are taking steps to minimize the effect of the recession on their balance sheets.

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Should companies then be recession-proof this time around?

Well, so far, fiat money printers have been hard at work with as much as 23 percent of USD ever printed rolled out just in 2020 alone. What this means is that the real value of fiat currencies has nose-dived while that of Bitcoin has remained intact.

Bitcoin cannot be over-minted over night as its block difficulty cannot be overridden by any legislation. In a sense, bitcoin is recession-proof and companies can boost their asset value by investing in bitcoin.

But the price is going up…

Yes, it is. But only because many companies are buying every Bitcoin on the market.

Being entirely speculative, the value of Bitcoin depends exclusively on supply and demand, and we’ve seen a hugely increased demand for the last few months. But that may or may not last.

Why would it last?

Because once the recession is over and economies start growing again, some of these big players on the Bitcoin market might want to cash out and return their liquidity to fiat currency. Not all will, of course, but here’s the detail with the Bitcoin market: It’s made up of very few people hoarding the vast majority of the supply. The recent uptick in USD value for instance led to a mild drop in BTC trading price.

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So companies will lose? Returns will go down?

Depends on when they buy and when they sell.

Companies that started buying Bitcoin months ago naturally have an advantage, since they bought the tokens at much lower values than the current. This means they have a much bigger space to maneuver in case the market crashes.

Companies that have entered later, however, are taking risky positions because there’s no telling when one of the large players might want to cash out, potentially flooding the market and crashing it.

What if they don’t, uhm, cash out?

It’s also possible. Most companies will likely want to keep a percentage of their holdings in Bitcoin if their current gamble pays out, which would in turn give the Bitcoin market some stability.

But once again, the problem is how few players actually are controlling the Bitcoin economy. It might take just one company deciding to convert all its Bitcoin to fiat to send the price crashing. That company would, then, report a huge return. Any other holders who sell immediately might, too. But anyone else who takes too long to act, or anyone who buys tokens too late in the curve, will face huge losses.

So the result is…

Some companies will likely win big with this Bitcoin gamble. Others might lose big, and some might choose to invest in the crypto market in the long term, to the point where it won’t matter to them if the price goes crashing in the short term.

As with all recessions, it’s impossible for a market or company to completely assure they won’t be hit by the dip. What companies here are doing is trying their best not only to remain unscathed, but to also make some money along the way.

Will it work? It will, for some. It won’t for others. In general, companies that jumped in earlier have a head start. Since the stock market upheavals have yet to make companies exit global bourses, you can be sure BTC investing will likely endure as well.

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