Blog - Kirobo - The freedom to control your crypto

KIRO is now on the polygon network!

gadudi — Mon, 06 Dec 2021 16:27:50 +0000

We at Kirobo are thrilled to announce that KIRO is now on the Polygon Network, an Ethereum layer-2 solution, giving you another way to buy and trade KIRO, and a whole new world of dapps to interact with.

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What is Polygon? Created in 2017 by a team of Ethereum developers, Polygon improves the transaction speeds and fees of its mother blockchain and gives people tools for creating new, Ethereum-compatible blockchains. One report stated that by October 2021, close to two-thirds of dapps on the network were designed exclusively for Polygon, rather than Ethereum and Polygon both, demonstrating that the network has become far more than just a support chain. Where can I find KIRO on Polygon? KIRO is whitelisted on the Quickswap decentralized exchange. Quickswap is a hardfork of the Uniswap V2 protocol, so it’s identical in how it looks and operates. For example, Quickswap utilizes an automated market maker (AMM) rather than a centralized order book. Quickswap being exclusively on the Polygon network gives them, and us, some added benefits both for your wallet and user experience. Faster and cheaper transactions allow you to use the protocol without the fear of high gas fees. Additionally, the Quickswap team didn’t just create the protocol and leave – they are active in their community and are always building additional features on the Quickswap protocol, such as limit order support and more staking opportunities. Kirobo is committed to providing essential DeFi services worldwide. Having gone live on Binance Smart Chain, and following it up with Polygon, we are aggressively expanding to meet the needs of our community. Some even bigger news soon to come so watch this space!

הפוסט KIRO is now on the polygon network! הופיע לראשונה ב-Kirobo - The freedom to control your crypto.

Kirobo partners with PureFi for DeFi-based background checks for crypto assets

gadudi — Mon, 06 Dec 2021 16:27:22 +0000

We talk a lot about DeFi and how it’s going to change the world by making cryptocurrency as easy and safe as online banking. But there are dangers in this field as well – and specialists are required to combat them. That’s why Kirobo is happy to have begun a partnership with PureFi – a company designing decentralized compliance tools that do not compromise the anonymity of its users. Thanks to this deal, Kirobo users can use the protocol to investigate the source of crypto assets, while PureFi users will benefit from Kirobo’s range of DeFi tools. It also opens a door to future extensions of the collaboration, including yield farming opportunities and an integration between Kirobo and AML Safe, a PureFi sister project. One of the dangers of cryptocurrency is that it is difficult to know where money has come from. Has it been involved in illegal activity? Of course, in this sense it’s no different to cash. But cash isn’t striving for mass adoption – it’s already everywhere. Crypto is in need of protocols that can reassure the traditional world that it is a legitimate means of exchange and remove the stigma of illegality that persists in the minds of some. In order to achieve this, the DeFi industry requires tools can combat money-laundering and terrorism financing. And besides that, crypto users have long been in need of a way to check if a project is a safe investment.

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PureFi, a company based in Hong Kong, provides a solution based on analytics. Developed by AMLbot, PureFi provides VC (verifiable credential) certificates that can be used for legal verification. Based on analytics and AML/ATF providers connected to the blockchain by oracles, the encrypted certificates can be checked by whitelisted participants via zero-knowledge proofs. PureFi’s vision aligns with Kirobo because we are also striving to provide a safer experience to crypto users and to encourage mass adoption. That’s why we’ve signed this partnership – the ability to perform background checks on digital assets, without the need for KYC procedures, will make people feel more confident to use their crypto and will bring more people into the ecosystem.

הפוסט Kirobo partners with PureFi for DeFi-based background checks for crypto assets הופיע לראשונה ב-Kirobo - The freedom to control your crypto.

Fan tokens – the crypto craze taking the sports industry by storm

gadudi — Mon, 06 Dec 2021 16:26:46 +0000

Blockchain technology has a range of applications far beyond creating decentralized means of payment. One popular, and growing, use case is the ‘fan token’. In this blog, we’ll explain what this means and how you can get involved.

Introduction

COVID-19 hit the sports industry hard. Live events are the bread and butter of sports teams, and with those off the table, their profits took a nosedive. As a result, these organizations looked for new avenues of income and fan engagement – and they found cryptocurrency.

An empty stadium. Source: Pixabay

Specifically, many clubs launched their own cryptocurrencies in partnership with one platform or another. Their token sales brought in revenue – for example, FC Barcelona sold all of its BAR tokens within two hours back in June 2020, bringing in $1.3 million – and perhaps more importantly, the tokens provide an innovative way to keep their fans involved in the team.

Creating engagement

Holding fan tokens gives a fan the ability to take part in specially-designed activities. The specifics of the engagement vary depending on the sports club, but are generally in the voting format. Examples include allowing fans to vote on the song that is played in a stadium after a goal is scored, on images that are used on their teams’ social media profiles, and even on opponent selection for non-league matches. FC Barcelona let fans decide what artwork was to be hung in the team’s changing room, AS Roma (ASR) awarded token holders (ASR) with a direct question and answer session with its head coach, and Juventus FC let its token holders (JUV) vote on designs for the teams’ new kits.

Juventus away kit 2021/22. Source: youtube.com

Naturally, these decisions offered to fans are not at the executive level, which could cause regulatory issues, but many fans appreciate the chance to get involved more actively in their beloved teams. From the point of view of the club, cryptocurrency allows them to strengthen their relationships with their fans while monetizing these engagements.

Barcelona fans fanning their team. Source: Wikipedia commons

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New revenue streams

Apart from the right to participate in activities, fan tokens also act as an internal currency to buy goods and services from a sports club, such as merchandise, tickets, and so on. They also enable the clubs to collect information about their fans, which is useful for targeting marketing efforts and building loyalty programs. Loyalty rewards can be more of the fan token itself, VIP tickets, meeting players, appearing on the screen at a match, and more – the possibilities are endless.

Big deals

The sport/crypto connection received a big boost from the lockdown, but it isn’t a new thing, and there are plenty of examples of big-name clubs making interesting crypto deals. The first deal between a major sports team and a cryptocurrency provider actually happened back in January 2018, when Arsenal FC signed a sponsorship deal with CashBet, just before the gaming platform launched a cryptocurrency and ran an initial coin offering. And to supply a few examples from this year alone – Watford FC announced that a sponsorship deal with betting platform Stake was to paid in cryptocurrency, part of Lionel Messi’s transfer deal from Barcelona to Paris Saint Germain was paid in PSG (the French team’s fan token), and Binance is to become the main jersey sponsor of SS Lazio.

Lionel Messi. Source: Ben Sutherland, flickr.com

And while the football industry is currently the biggest issuer of fan tokens, the concept is not exclusive to football. For example, there’s a UFC fan token, which gives fans voting rights on decisions like pre-fight press conference questions and report topics, a Davis Cup token that enables fans to participate in tennis-related online activities, and tokens for the Aston Martin and Alfa Romeo Formula One teams.

Source: oseillo, flickr.com

Chiliz

One of the biggest names in the sport/crypto ecosystem is Chiliz. It’s the company behind Socios.com, a Malta-based platform providing fan tokens and all their related engagement and revenue opportunities to sports teams. The tokens themselves are minted on the Chiliz blockchain. Over the last couple of years, Socios has entered into partnerships with over 70 sports clubs worldwide – many of them household names – as well as the Argentinian national football team. The fan tokens it creates are no gimmick – PSG and JUV, for example, are listed on Binance, Paribu and Upbit and have considerable market caps. The company is currently focused on US expansion, partnering with teams like the Brooklyn Nets, the LA Clippers and the New Jersey Devils, although it should be noted that these are advertising deals in the classical sense – Socios hasn’t created fan tokens for any US teams yet due to regulatory constraints. At the time of writing, the Chiliz cryptocurrency (CHZ) has a market cap of $2.7 billion and daily trading volume of almost $600 million.

Source: chiliz.com

Seeing the current success and considerable potential of CHZ, Kirobo couldn’t fail to integrate the token into our platform. Now you can use our Undo Button and P2P Swap Button to safely transact and swap this token with other users. We’ll be keeping a close eye on the fan token market and adding more very soon, so stay tuned!

הפוסט Fan tokens – the crypto craze taking the sports industry by storm הופיע לראשונה ב-Kirobo - The freedom to control your crypto.

Blockchain gambling – breathing new life into an old industry

gadudi — Mon, 06 Dec 2021 16:26:14 +0000

Gambling is one of humanity’s favorite pastimes. Archaeological evidence suggests that people have been gambling since at least the Stone Age – using knucklebone dice – and the range of games of chance throughout recorded history is as rich and varied as human culture itself. The advent of the internet created a whole new market for the industry, and the COVID-19 lockdown led to a significant rise in the popularity of online gambling – the industry is expected to bring in approximately $48 billion worldwide in 2021 alone.

Source: Kolby, Flickr

At the same time, there are issues with online gaming – opacity, fraud, intrusive KYC checks. These are issues that blockchain technology solves in one fell swoop. In addition, it creates new money-making opportunities for players, making the industry lucrative for a much wider range of people. In this article, we’ll look at a few of the most popular gambling-focused tokens and what they do.

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VPP

VPP is the native token of Virtue Poker, the only blockchain-based poker platform regulated by the Malta Gaming Authority. This online arena is built on the Ethereum blockchain and takes advantage of blockchain technology to ensure fairness and safety for players.

Source: Pixabay

Shuffling One of the issues of online poker is trust in the shuffle. If you’re playing in person, you can observe the dealer shuffling the deck and feel confident that the shuffle was truly random. But how can you be sure that a shuffle is fair when there’s no real deck of cards? You’re entirely dependent on the operator and its algorithm. Virtue Poker has come up with an ingenious solution – allowing all players to participate in the shuffle. Player one shuffles the virtual deck with the Virtue Poker app and then encrypts the deck order, locking it. Then player two does the same, followed by player three. This means that there are multiple stages of layers of encryption, ensuring a truly random shuffle and making it nigh-on impossible to hack the deck. In addition, players share their encryption keys, so everyone can check that the shuffle was above board when the game is concluded. Safety deposit Gambling sites require players to leave a deposit. However, for the player, this always has an element of risk. Is the operator trustworthy? What if the operator is hacked? What can be done if your money is stolen? Blockchain technology solves this issue by keeping player deposits in a smart contract that releases payouts only when certain conditions are met. This is the best way to enforce fair play, without risk of corruption or error. Dealers In the Virtue Poker ecosystem, nodes can be designated as ‘Justices’ if they hold a sufficient amount of VPP. In return for adjudicating and validating, they are rewarded with VPP taken from transaction fees. This incentivizes participation in the system, driving up the price of VPP, as well as providing a fairness guarantee. At the time of writing, VPP has a market cap of approx. $9.1 million and daily trading volume of approx. $1.4 million.

CHP

Coinpoker is another poker platform powered by blockchain technology. It has a mobile app, a thriving community, and is compatible with ETH, BTC and USDT. The nature of blockchain transactions means that all deposits by players are visible to all, and this is a key pillar of the company’s philosophy – disrupting the industry by offering an alternative to the opaque giants that control online poker. The shuffle Traditionally, online poker companies kept their shuffling algorithms secret for security reasons (i.e. to prevent reverse-engineering the shuffle and learning the order of the deck), but this secrecy meant that players would never be sure that a piece of remarkable luck was really the result of remarkable luck. With Coinpoker, decks are shuffled in a decentralized manner, by the players. Each player sends a ‘shake value’ to Coinpoker, which produces from them a final shake value. The multiple layers of randomness mean that the shuffle is impossible to reverse-engineer. After a hand is played, the players can view the shake values in order to verify that all was fair.

Source: Val D’Aquila, Flickr

In addition, the platform allows players to review undealt cards after a hand is finished. This ability to review decisions is valuable to players who want to analyze their performance after a game is over. Referral program and bounty CoinPoker gives people the opportunity to earn extra money by bringing in new players. To qualify, they have to bring a minimum of two referrals, and those two referrals need to earn at least 2 USDT each. In these cases, the referring party takes 30% of the community contributions from each. These rewards continue as long as the referrals continue playing. In addition, the platform has an open offer to any developer who can locate a bug or weakness in the platform’s code: 1,000,000 CHP. The platform also offers a crypto-based sportsbook covering sports like football, hockey, basketball, baseball, and American football. At the time of writing, CHP has a market cap of approx. $3.6 million and daily trading volume of approx. $11,650.

FUN

This ERC-20 token has had an interesting history. It was created by FunFair, a Singapore-based decentralized gambling platform, and its ICO back in 2017 made $26 million in only four hours. The FUN token was designed to be lightweight, which is as attractive to operators as it is to players because it cuts overheads. To achieve this it uses ‘fate channels’ which take play off-blockchain. However, the token suffered during the post-2017 crypto bear run, and its value flatlined until it was acquired by online gambling giant FreeBitco.in. FreeBitco.in. is one of the world’s largest online casinos with more than 50 million monthly visits. The company uses Bitcoin for gambling, but now accepts the FUN token for premium users. FUN users receive benefits like cashback, free spins, a referral program, and more.

Source: Wikipedia

One of the elements encouraging use of FUN is that FreeBitco.in encourages users to lock their tokens on the platform in return for interest on top of the aforementioned benefits. At the time of writing, FUN has a market cap of approx. $212.6 million and daily trading volume of approx. $14 million.

Blockchain to the rescue

Kirobo users can use our technology to transact and trade with VPP, CHP and FUN safely, at their own prices. Using our P2P Safe Swap service, users know that they’ll get exactly the price they asked for, with no slippage, while our Undo Button protects them from human error and fraud. Just as the internet revolutionized physical gambling, blockchain technology is revolutionizing internet gambling. Kirobo wouldn’t miss it for the world! For more information about how the Kirobo platform can help you make the most out of trading your tokens, visit our P2P platform.

הפוסט Blockchain gambling – breathing new life into an old industry הופיע לראשונה ב-Kirobo - The freedom to control your crypto.

Kirobo launches on Binance Smart Chain

gadudi — Mon, 06 Dec 2021 16:25:32 +0000

We have some exciting news for our users. Kirobo is now live on Binance Smart Chain! In this blog we’ll explain what Binance Smart Chain is, and what this means for Kirobo and for you.

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Binance Smart Chain – Ethereum’s younger (and faster) cousin

Binance is the Amazon of the cryptocurrency world. Or the Microsoft… or maybe the Apple… you get the point. It’s a mammoth centralized exchange that operates worldwide and processes tens of billions of dollars’ worth of cryptocurrency every day. Recently, it launched a decentralized, smart contract-capable blockchain called Binance Smart Chain (BSC). BSC functions like Ethereum, but without the congestion and high transaction fees of its predecessor. Cleverly, Binance also designed it to be compatible with the Ethereum Virtual Engine, making it relatively easy for Ethereum-based projects to migrate over. Kirobo is still on Ethereum – we began our journey on this amazing platform, and it’s still the biggest player by far. But our goal is to provide DeFi services to the entire world, across multiple blockchains. BSC is the first step.

What this means for you, for us, and for the world

The first thing that this integration means is that the selection of tokens compatible with our services has more than doubled. You can use our P2P Swap and Undo Button with the main gateway tokens to BSC (WBNB and BUSD), as well as BNB (the third-most valuable crypto on the market), and a long list of amazing utility and payment cryptocurrencies. Each one has its own strengths and opportunities – like gaming tokens, gambling tokens, fan tokens, and more – and many are linked to amazing projects that enable you to grow your assets in innovative ways. The second upshot of this is that Kirobo has just onboarded tens of millions of new potential users. That means more people in our community, more people to swap with, and more people that can use our amazing products. Thirdly, and perhaps most importantly, we’ve forged a link between two of the biggest crypto user bases in the world, which is something we’re particularly proud of. It’s important to note that this is only the first in a long list of planned expansions, so watch this space!

Making mass adoption a no-brainer

We believe that cryptocurrency will change the world, but first it needs to achieve mass adoption. Kirobo is building a platform that will achieve this by showing people that blockchain technology can be used safely and conveniently. Not only for transactions and for investments, but for all the services that you’re accustomed to receiving from your fiat bank. And when people see that they can use all the major blockchains through a single, seamless interface, adopting cryptocurrency will be a no-brainer.

הפוסט Kirobo launches on Binance Smart Chain הופיע לראשונה ב-Kirobo - The freedom to control your crypto.

Social messaging wallets — are they the future?

gadudi — Mon, 06 Dec 2021 16:24:49 +0000

Cryptocurrency adoption is growing throughout society, with a huge community and industry events attended by thousands of people. These communities are centered around social platforms, like Reddit or Twitter, and messaging apps like Telegram. As a result, developers have begun creating wallets to cater to these communities – software applications that offer crypto storage services, messaging and web3 browsing. These apps allow you to chat with your friends in a private and secure way, protected with blockchain encryption. There are other apps too that aim to improve the experience of existing platforms like WhatsApp and Telegram.

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Alty

Alty is a blockchain project based in Barbados that brings blockchain to Telegram and WhatsApp, adding crypto-based features to existing crypto groups. One of the main problems these groups face is that they are flooded with spam accounts. These accounts send annoying, repetitive messages, often loaded with viruses, and harass individual users with private messages. Alty puts an end to this by adding application forms to all groups, so administrators can get to know potential members and why they want to join. Moreover, groups can demand a subscription fee, if they think that the content they share is worth paying for. These features greatly improve the user experience by making groups safer and reducing the amount of spam messages. Alty also offers tools to manage and analyze data shared by the users while preserving the privacy – a useful tool for companies and startups. Group administrators can also offer rewards in cryptocurrency to users who perform specific tasks. Participants of the groups can store and send cryptocurrency for payments and tips. Although it launched first on the Ethereum blockchain, Alty recently migrated to Algorand due to Ethereum’s high network fees.

Status

Status is an Ethereum dapp that aims to decentralize social messaging platforms. It allows users to store and trade tokens, and also join popular Ethereum dapps like CryptoKitties and Decentraland. The Status app also allows users to communicate with each other through an encrypted P2P messaging platform. It uses blockchain technology to monetize this and preserve user privacy. For example, instead of relying on invasive ads and information theft, Status users can opt to pay dapps to send them push notifications. It also hosts a sticker market, where designers can create stickers and sell them to other Status participants. To prevent spam, users can set a minimum payment to receive messages. The payment must be done in SNT, the native token of the platform, and is returned to the sender once they get a reply. There is also a Teller system, where Status users can meet and make crypto-fiat trades. Sellers of cryptocurrencies must pay SNT to participate. It launched through an initial coin offering in 2017 and raised $99 million in a single day.

TrustKeys

TrustKeys is an innovative software that describes itself as a ‘super app’. It offers a wallet, like Status, but also has an integrated exchange and a social network, similar to Facebook and Twitter. The exchange allows you to trade your tokens instantly on the same platform, while the social network allows you to connect with other users and stay up to date with crypto news. All information on the social app is stored on the blockchain, so users can rest assured that it’s secure and tamper-proof. It runs on the Ethereum, BSC, and Solana blockchains, and can store all tokens in these networks. The wallet can also store NFTs. The TRUSTK token serves the purpose of paying for in-app fees and services, and paying rewards for contributions to network development and governance issues. The development of TrustKeys began in 2018, and the official launch took place in September 2021.

Kirobo P2P Swaps

All these tools can be paired with Kirobo’s P2P Safe Swap. This feature allows you to create instant decentralized swaps with other peers, at your own prices. Moreover, you won’t be charged for the service beyond standard gas fees. In addition, Kirobo swaps are secured with the Kirobo Undo Button. This feature protects your assets, preventing you from making a mistake when entering a receiving address. It lets you create a password locking the transaction until the recipient can demonstrate knowledge of that password – and the sender can cancel the transaction if something isn’t right. Try Kirobo’s P2P Swap Button now.

הפוסט Social messaging wallets — are they the future? הופיע לראשונה ב-Kirobo - The freedom to control your crypto.

Polygon, Tron, Cardano, Avalanche…what are the differences between the leading blockchains?

gadudi — Mon, 06 Dec 2021 16:24:15 +0000

Cryptocurrency has come a long way since the launch of Bitcoin twelve years ago. Bitcoin was designed to work as a medium of exchange that uses cryptography, rather than a central authority, to control its creation and management. As time passed and Bitcoin became more popular, developers realized blockchain technology could be used to solve more issues. The launch of Ethereum in 2015, and the introduction of smart contracts, broadened the scope of things that could be done with this technology. The initial coin offering fever of 2017 is proof of this. Around that time appeared the concept of Blockchain 2.0: applications that aimed to decentralize traditional markets like insurance and housing. This ecosystem quickly attracted millions of users, further popularizing blockchain technology. However, this caused congestion in the Bitcoin and Ethereum networks – they weren’t prepared to handle such high traffic. Developers have created and proposed many upgrades and add-ons to solve this problem. However, blockchains require a majority consensus to implement upgrades. If a faction of the network doesn’t agree with it, the chain splits. Recently, many projects have appeared, claiming they can deliver a better experience than Ethereum. All of these networks have two things in common: they provide tools to build decentralized applications (dapps), and they are compatible with the Ethereum Virtual Machine (EVM). Despite its current flaws, Ethereum is still the biggest blockchain to host dapps. The DeFi ecosystem (and the GameFi ecosystem) bloomed on Ethereum. But at the moment its fees are too high for users, and that means that projects can’t get the traffic they need. So, the key to create successful blockchain is to make it perform better than Ethereum, while at the same time being compatible with Ethereum. This way, developers can easily migrate their applications. For users, it means they can use the new chain with the same tools they use with Ethereum without having to adapt to a new interface and dynamics. Which are these blockchains? The most popular ones currently are Polygon, TRON, Cardano and Avalanche. Let’s see what they’re all about.

What is Polygon?

Polygon, previously called Matic Network, was launched in 2017. Instead of battling against Ethereum, it aims to improve it. Polygon provides a set of tools to create new blockchains that are compatible with the Ethereum network. This way, they benefit from its safety, but run in a different, more scalable environment. Blockchains built with Polygon use the project’s proof-of-stake (PoS) consensus mechanism. As a result, transactions are processed faster and with lower energy consumption. The final validation, however, happens on the Ethereum chain with its proof-of-work (PoW) algorithm. It’s worth noting that transition to a PoS model is planned for Ethereum in the coming months.

What is TRON?

TRON is a blockchain platform created in 2017, by entrepreneur Justin Sun. This network focuses on content sharing and distribution through a decentralized P2P system. To accomplish this goal, it provides different tools and protocols for developers and users to create and use. In 2019, Sun acquired BitTorrent, the company behind the development of the BitTorrent protocol, the most popular P2P file-sharing system of the internet. TRON is compatible with the EVM, through its own infrastructure called TRON Virtual Machine (TVM). It features a delegated-proof-of-stake (DPoS) consensus mechanism to validate its transactions and secure the network. The network supports smart contracts, so any dapps built on Ethereum can be migrated to its blockchain.

What is Cardano?

Cardano is one of the most popular cryptos at the moment, ranking #4 according to coinmarketcap.com. It was launched in 2017 by Charles Hoskinson, one of the founders of Ethereum. Cardano is the biggest blockchain to use PoS as of now. Its development has had a clear roadmap since its launch, with every step being followed closely. In the second half of 2021, the development team activated what is calls “the Goguen era”. This upgrade introduced smart contracts on the network, making it suitable for building dapps. The news attracted a lot of developers, who began building applications on the platform right away. This influx of new users made the token scale quickly. The network infrastructure is supposed to handle heavy use, while remaining fast, cheap, and decentralized.

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What is Avalanche?

Avalanche is the newest blockchain on the list. It was launched in 2019 by a company called Ava Labs, led by renowned crypto academic Emin Gün Sirer. Avalanche is the first permissionless system to provide strong security guarantees – such as upholding safety even if a 51% attack was to occur. It boasts one of the highest throughputs of all smart contract-capable blockchains, coming in at 6,500 transactions per second. This network doesn’t require PoW or PoS mechanisms to validate its transactions. Instead, it features a directed acyclic graph (DAG) protocol to randomly assign transactions to validators.

Conclusion

All of these projects offer unique features and characteristics. For that reason, they have gained public adoption and have climbed in value. Kirobo is considering expanding its list of supported coins. Which one would you like to see connected to Kirobo services? Kirobo allows you to send cryptocurrency safely, knowing that if you make a mistake, you won’t lose your coins forever. With the Kirobo Undo Button you create a password which the recipient must enter in order to collect a pending transfer. Moreover, all supported coins are compatible with the P2P Swap Button – a service allowing direct token swaps free of exchange fees and slippage.

הפוסט Polygon, Tron, Cardano, Avalanche…what are the differences between the leading blockchains? הופיע לראשונה ב-Kirobo - The freedom to control your crypto.

Blockchain video games – having fun and making money

gadudi — Mon, 06 Dec 2021 16:23:24 +0000

Blockchain has revolutionized money, but its work isn’t finished yet. One of the many applications of the technology is turning the virtual world of gaming into a very real economy that anyone can take part in. DeFi has enabled creative developers to do the impossible – build projects that make trading and investment fun. How? By integrating gaming. After all, what better way is there to make finance instinctive? Human beings have been playing games for as long as there have been human beings, and video gaming is a global industry worth more than $170 billion. Crypto gaming is a bit different to regular video games though. In this article we’ll explain why, identify a few interesting ways to get involved, and explain what an NFT is.

What does NFT mean?

Crypto gaming is strongly connected with NFTs, which stands for non-fungible tokens. NFTs have been in the news a lot lately because people are buying them for huge amounts of money. They are basically a kind of cryptocurrency, but each token is unique. You could call them collector’s items. Imagine if the US mint made a clerical error one day and printed a $10 bill with a picture of Godzilla instead of Alexander Hamilton. But only one. Whoever ended up with it would sell it for a lot more than $10, I’m sure you’d agree. NFTs can be pure tokens, and they can also encode a piece of digital art for whoever holds it to view. Back in March, a digital artist by the name of Beeple (A.K.A. Mike Winkelmann) hit the headlines for selling a piece of digital art for $69 million.

“TORTOR2”, Mike Winklemann. Source: Wikipedia Commons

It may seem strange to some that people pay money to own digital items, but it is a logical progression in the world we live in. Consider that most people in the developed world maintain a digital identity – social media usage figures are in the billions – and spend ever-increasing amounts of time online. The digital world is important to people. So why shouldn’t the satisfaction of ownership that people feel in the physical world not also translate to the digital? When it comes to video games, where collecting items and customizing characters is a principal activity, NFTs allow people to take even more pride in their digital characters, knowing that they are truly unique. More importantly, they also give people a way to make money. Before cryptocurrency, the only real way to make money from gaming was by winning a video game competition or by inventing one. But now, you can sell stuff that you’ve collected! Let’s look at some specific examples.

Axie Infinity

This is a Pokémon-style combat card game with cute, simplistic animations. Each character is unique and accessorized.

Axie Infinity gameplay. Source: youtube.com

It’s created an ecosystem which is not only competitive, but that also rewards users for participating, as well as providing a marketplace where people can buy and sell items and characters. These commodities are actually used in gameplay, which provides even more of an incentive to be involved. Another exciting thing is that the in-game currency (AXIE) can be traded on decentralized exchanges and swapped, another avenue for profit. The game has been going since 2018 and each AXIE is (at the time of writing) worth around $118. The total market cap is over $7 billion.

ENJIN

Enjin – a blockchain gaming platform that works with Atari, Samsung, BMW, Microsoft…need we say more? This is another gaming platform that combines fun with real economics, moving beyond pre-crypto in-game purchases to NFT-based real digital ownership and profit-making opportunities.

“Lost Relics” gameplay. Source: youtube.com

Apart from hosting around 60 games, the platform features protocols that allow you to lend your ENJ tokens and earn interest – smart contracts making foul play impossible – and others that let users create characters and sell them. People buy these things because they are unique, and truly belong to them. Which means, just like in the physical world, that they can get sold on too. As testament to the real value of this digital world, ENJ has been whitelisted by the Japan Virtual Currency Exchange Association and approved by Samsung for use on its Galaxy 210 smartphone. It even has its own wallet. At the time of writing, ENJ tokens were worth around $1.60, with a market cap of over $92 million.

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Decentraland

“Governments of the Industrial World, you weary giants of flesh and steel, I come from Cyberspace, the new home of Mind. On behalf of the future, I ask you of the past to leave us alone. You are not welcome among us. You have no sovereignty where we gather.” These words are from the Declaration of Independence of Cyberspace, written by John Perry Barlow in 1996 and displayed prominently on a sign in the center of Decentraland. Decentraland is perhaps the most ambitious of the three platforms in this article. You enter Decentraland by connecting a crypto wallet and creating a character. You don’t have to pay initially – you can just wander around as a guest. It’s a Minecraft-like digital world, huge and full of things to see and do. The most important thing to note here is that these things are built by other users. So what kind of things can you do in Decentraland?

Explore. Source: youtube.com

Race. Source: youtube.com

Gamble. Source: youtube.com

Mine for gems. Source: youtube.com

These activities cost you MANA (the in-game currency). But you can also buy your own land (parcels of digital space called, quite simply, LAND) and make your own business. You can design your own scene, game, market, and even host a concert.

The crowd is jumpin’. Source: youtube.com

The less entrepreneurial can stake tokens in someone else’s business for a share of their profit. And if you have a successful business, you can offer staking to people to attract footfall. By providing a real economic benefit to people, Decentraland has recreated the physical world in a very profound way, and the proof is in the pudding: real estate in Decentraland is selling for thousands of dollars. At the time of writing, MANA tokens are worth around 70 cents each, with a total value of over $1.4 billion.

Attracting customers. Source: youtube.com

Kirobo and gaming

Kirobo is designing the ultimate DeFi platform, and as such we couldn’t fail to support these exciting tokens. They power real, user-based economies. With the Kirobo P2P Swap Button you can trade ENJ, MANA and AXIE – and your unique NFTs – with other people at your own set prices. With our Undo Button, you can transfer valuable assets with no risk of making a mistake and sending to the wrong address (and a lot of money has been lost this way). You can even swap your tokens for KIRO and earn money passively by staking. To learn more about the tokens we support, and how you can get involved in this brave new world, visit our P2P platform.

הפוסט Blockchain video games – having fun and making money הופיע לראשונה ב-Kirobo - The freedom to control your crypto.

Kirobo platform updates

gadudi — Mon, 06 Dec 2021 16:21:53 +0000

We’ve made some updates to the Kirobo platform! You’ve no doubt noticed that extra features have been added — we’ll explain them here.

1. Transfer

There’s a new transfer option, located next to ‘Safe Transfer’. The difference between ‘ Safe Transfer’ and ‘ Transfer’ is that with the latter, there’s no password requirement. You just fill out the address, what you want to send, click on ‘TRANSFER’, and sign with your wallet:

We’ve added this function for those of you who need to send assets to exchange addresses where there’s no counterpart enter a password.

Try Undo Button

2. Share

When you want to conduct a token swap, you must first answer this question: do I have someone to swap with?

If the answer is no, you can now press ‘SHARE’:

It will let you write a message (we’ve enlarged the message field to 100 characters) and share it to Twitter or Telegram:

Twitter:

Telegram:

This new function is designed to help you find your swap partners more quickly!

3. Random password generation

We added the option to use automated password generation within the ‘Safe Transfer’ service:

The feature saves you time and ensures that you’ll always create a secure password.

4. Transaction history

Wallet transaction history is divided between transactions performed via Kirobo…

…and those performed elsewhere.

That’s it for today! Stay tuned for further updates!

The article is not investment advice and must be used for informational purposes only. It is very important to do your own analysis. You can use KIRO for utility purposes only. Israeli, Canadian, and US citizens cannot interact with KIRO

הפוסט Kirobo platform updates הופיע לראשונה ב-Kirobo - The freedom to control your crypto.

Crypto wallets – which is the best one for you?

gadudi — Mon, 06 Dec 2021 16:21:13 +0000

As the popularity of crypto investment increases, so too do threats from malicious actors who want to steal people’s investments. It seems like not a day goes by without another story about cryptocurrency lost due to a hack or lost credentials. This is why it’s paramount to keep your funds in an appropriate, secure wallet.

What is a cryptocurrency wallet?

Cryptocurrency wallets are a medium for storing cryptocurrency, accessed with a private key and/or seed phrase that the owner is responsible for storing. The key is what allows the user to sign transactions from their wallet. There is a wide range of different types of cryptocurrency wallet, each with its own advantages and disadvantages.

Cold wallets

A cold wallet is a cryptocurrency storage device that is not connected to the internet. Cold wallets are extremely secure and very difficult to attack, but are not as convenient to use and can be damaged, lost, and stolen. Ledger Hardware wallets are physical devices invented to combat the vulnerabilities of online wallets by isolating assets from the dangers of the internet. They store data in chips that prevent data from being transferred in plaintext. Ledger, for example, has been certified by the French national cybersecurity agency. This hardware wallet is used by connecting it to its companion app on mobile or desktop via a cable. The more advanced version can also be connected to some cryptocurrency exchanges. Trezor The Trezor hardware wallet protects against hackers, viruses, keyloggers, and offers a backup service that can restore all device content in case of loss or theft. Although it’s a cold storage device, it has mobile connectivity and can be used as a hot wallet for instant access to assets and passwords. It also has a screen, letting users visually verify and manually confirm all actions.

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Hot wallets

A hot wallet, or software wallet, is a digital currency wallet stored on a device that’s connected to the internet. Hot wallets are more suitable for investors who actively buy, send, and trade cryptocurrency and need to be able to easily access their funds from anywhere – hot wallets can be accessed via computer or phone. However, they are more vulnerable to hacks and loss of funds. Some exchanges will offer a hot wallet service as an alternative to keeping your crypto in the exchange. Although hot wallets are more secure than keeping your coins in an exchange account, they are still more vulnerable to attacks. Price is also a consideration here — hot wallets are usually free, while hardware wallets generally cost from $50-$200. Trust Wallet Trust Wallet is a downloadable, open-source storage service. It allows them to store their private keys on their own devices rather than on the Trust Wallet servers. Access is backed up by a unique 12-word recovery phrase that the user must store. While users consider it easy to use, many also complain of poor customer service. Binance acquired the Trust Wallet in July 2018, making it the official wallet for the Binance DEX and Binance Chain. My Ether Wallet My Ether Wallet is a non-custodial Ethereum wallet with a mobile app, web platform, Chrome extension, explorer, and educational resources. It’s a free to use, open-source storage service with connections to additional services allowing users to swap between fiat and crypto.

Bitcoin wallets

CryptoWallet CryptoWallet is an all-in-one solution with a wallet secured by BitGo. It comes with a built-in exchange that allows you to trade several high-cap cryptocurrencies, including Bitcoin. The wallet offers fiat support for pounds, dollars, and euros. You can even order your own crypto debit card and finally use Bitcoin for day to day purchases.

Coinbase Wallet Coinbase is a major cryptocurrency exchange with its own mobile wallet. It’s popular because it lets users exchange fiat currencies for Bitcoin and other cryptocurrencies. The wallet is easy to use and offers security options, but it charges withdrawal fees when users want to move their funds out of the exchange. Users don’t control their private keys with Coinbase, as it’s a custodial solution, and purists prefer to “own” their keys rather than entrust them to a custodian.

Bitcoin Core A Bitcoin Core wallet is software that runs the full Bitcoin blockchain and includes a digital wallet for storing and transacting in Bitcoin. Users can also contribute to the operation of the Bitcoin blockchain by validating transactions. It is a very secure wallet, but has fewer features than standalone apps.

Connect your wallet

There is no perfect solution for storing cryptocurrency because the nature of the medium is that responsibility is in the hands of the owner. In addition, making transfers is fraught with issues – if you paste the wrong destination address by mistake or by fraud, there is usually no recourse for lost funds. Kirobo’s Undo Button solves this issue by requiring the sender to set a password that the recipient must enter in order to collect sent funds – and if they can’t, the sender can retrieve their payment. The Undo Button can be used with all major ERC-20-compatible wallets – connect yours to the Kirobo platform and try it out!

הפוסט Crypto wallets – which is the best one for you? הופיע לראשונה ב-Kirobo - The freedom to control your crypto.