Swissborg

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After witnessing record performances in 2017, two thousand eighteen was a very volatile year for cryptos. Despite disappointing performances, there is a substantial community of blockchain believers, and the interest in the industry keeps growing. This year the record was broken in terms of financing raised for ICOs (telegram 1,7 bn). BitMEX, the world’s largest crypto asset futures exchange saw its volumes explode. It was also a great year in terms of, new crypto hedge funds, institutional money flowing in, new blockchain projects being launched by big companies, major stock exchanges adopting crypto and the list goes on. This year, also, saw some disappointments, waves of anger, under-performances, misleading information. Markets can crash; nevertheless, innovation and evolution are irreversible.

 

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On January 7th, 2018, the total market capitalisation of crypto-assets reached its all-time high with a total market value of over 800 billion dollars after rising tenfold in the last three months of 2017. Since then, the crypto market has fallen by 85% from the high — following the typical bubble burst pattern.

This fall has not diminished interest in the crypto industry and interest has never been greater, with an increasing number of institutions entering the market. Institutional investors are key players injecting a potentially larger trading volume and bringing more liquidity to the market. The market is showing signs of maturity with an average daily volume that was higher in 2018 than in the previous year. Even during the bear market in 2018, total funds raised by ICOs was 1.5x the amount raised in 2017.

Despite the significant losses, it is worth recalling that a token’s fall in price does not necessarily reflect a decreasing intrinsic value. Technological innovation and societal evolution are irreversible. In this study, we examine the year that passed in the crypto market to describe and analyse the reason for, both, its volatility and its continued promise.

 

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2 Responses

  1. Swissborg Team sagt:

    As we continue to improve SwissBorg’s products and features, we want to inform you of some changes we have made to our Terms of Use.

    The new Terms of Use are related to changes to the value of badges earned in the Community App, which was updated as follows on September 1st, 2020:
    •Single badge – from 50 CHSB to 0 CHSB
    •Hall of Fame badge – from 1,000 CHSB to 250 CHSB

    Note: All existing rewards will be honoured at the current rate, including the Community App prize pool.

    Please take a moment to read our Terms of Use, and keep in mind that by using our services on or after the 1st of September 2020, you agree to the revision.

  2. Swissborg Team sagt:

    We’re excited to share that the Community App is about to hit a new milestone of 150,000 users, who have earned a total of 476,000 badges by making 3.5 million forecasts!

    Because our community has grown so quickly, we will be decreasing the reward level of badges in the app. Note that all of your existing rewards will be honoured at the current rate.

    This will allow us to continue rewarding our community for their achievements over the long term in a sustainable way.

    What’s changing?

    On August 31st, the rewards for badges will be changing as follows:
    •Single badge – from 50 CHSB to 0 CHSB
    •Hall of Fame badge – from 1,000 CHSB to 250 CHSB

    What now?
    There are still 7 days before we update the value of the badges in the Community App. That’s 7 days when you can keep earning badges at the higher level!

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