Bitcoin.com, a global leader in cryptocurrency, is launching a campaign to enhance liquidity and trading volume for its ecosystem token VERSE. In partnership with Kucoin, a top-tier centralized cryptocurrency exchange, Bitcoin.com is offering $15,000 in rewards to incentivize market-making services for the VERSE/USDT trading pair.
The Hummingbot Liquidity Miner Platform
The campaign utilizes Hummingbot's Liquidity Miner platform, which enables individuals to provide market-making services through open-source software. Traditionally, market making has been a closed process, but the Hummingbot Liquidity Miner allows anyone to participate in market making using the Hummingbot client.
Rewards and Program Details
The campaign will run for 12 weeks, starting on January 16th, and offers rewards in Bitcoin.com's ecosystem token VERSE and Hummingbot's governance token HBOT. Participants will receive $1,250 worth of rewards per week, distributed throughout the program.
Democratizing High-Frequency Trading
Bitcoin.com's partnership with Hummingbot is aimed at democratizing access to market-making and high-frequency trading. These opportunities have traditionally been limited to affluent individuals and companies. By opening up these opportunities to a wider audience, Bitcoin.com aims to promote economic freedom and increase liquidity and trading volume for the VERSE token.
The Importance of VERSE in the Bitcoin.com Ecosystem
As a key player in the decentralized finance (DeFi) world, VERSE serves as a global access point, empowering individuals to operate in the financial domain independently and with assurance. By enhancing liquidity and trading volume for the VERSE token, Bitcoin.com aims to further its utility within the Bitcoin.com ecosystem.
About Bitcoin.com
Bitcoin.com is a leading platform that provides everyday people with access to cryptocurrency and opportunities for personal prosperity. Since 2015, Bitcoin.com has been at the forefront of introducing newcomers to the world of cryptocurrency through educational materials, news, and user-friendly products for buying, spending, trading, investing, and earning with crypto.
About Verse
VERSE is the rewards and utility token for users who contribute to and participate in the Bitcoin.com ecosystem. Launched in December 2022, the VERSE token aims to expand access to decentralized finance and unlock economic freedom. It has already gained significant integration into web3 platforms.
About Hummingbot
Hummingbot is an open-source market-making bot that champions accessibility and inclusivity in liquidity provisions. Since its open-source release in 2019, Hummingbot has become a premier platform for creating, backtesting, deploying, and managing automated trading strategies. It serves a diverse user base, including token projects, small trading firms, and individual traders.
Frequently Asked Questions
Is it a good retirement strategy to buy gold?
While buying gold as an investment may seem unattractive at first glance it becomes worth the effort when you consider how much gold is consumed worldwide each year.
Physical bullion bar is the best way to invest in precious metals. There are many ways to invest your gold. The best thing to do is research all options thoroughly and then make an informed decision based on what you want from your investments.
If you don’t have the funds to invest in safe places, such as a safe deposit box or mining equipment companies, buying shares of these companies might be a better investment. Owning gold stocks should work well if you need cash flow from your investment.
You can also invest your money in exchange-traded fund (ETFs), which give you exposure to the gold price by holding securities related to gold. These ETFs usually include stocks of precious metals refiners or gold miners.
Can I keep physical gold in an IRA?
Gold is money. Not just paper currency. Gold is an asset people have used for thousands years as a place to store value and protect their wealth from economic uncertainty and inflation. Investors use gold today as part of their diversified portfolio, because it tends to perform better in times of financial turmoil.
Many Americans now invest in precious metals. While owning gold doesn't guarantee you'll make money investing in gold, there are several reasons why it may make sense to consider adding gold to your retirement portfolio.
One reason is that gold has historically performed better than other assets during periods of financial panic. Between August 2011 and early 2013 gold prices soared nearly 100 percent, while the S&P 500 plunged 21 percent. During turbulent market conditions gold was one of few assets that outperformed stock prices.
The best thing about gold investing is the fact that there's virtually no counterparty risk. If your stock portfolio goes down, you still own your shares. Gold can be worth more than its investment in a company that defaults on its obligations.
Finally, gold provides liquidity. This means you can easily sell your gold any time, unlike other investments. It makes sense to buy small quantities of gold, as it is more liquid than other investments. This allows you take advantage of the short-term fluctuations that occur in the gold markets.
Can the government take your gold
Because you have it, the government can't take it. You have earned it by working hard for it. It belongs exclusively to you. But, this rule is not universal. For example, if you were convicted of a crime involving fraud against the federal government, you can lose your gold. If you owe taxes, your precious metals could be taken away. However, even though your taxes have not been paid, you can still keep your precious metals, even though they are considered the property of United States Government.
How does gold perform as an investment?
The supply and demand for gold affect the price of gold. Interest rates can also affect the gold price.
Due to their limited supply, gold prices fluctuate. There is also a risk in owning gold, as you must store it somewhere.
Statistics
- (Basically, if your GDP grows by 2%, you need miners to dig 2% more gold out of the ground every year to keep prices steady.) (smartasset.com)
- If you accidentally make an improper transaction, the IRS will disallow it and count it as a withdrawal, so you would owe income tax on the item's value and, if you are younger than 59 ½, an additional 10% early withdrawal penalty. (forbes.com)
- Gold is considered a collectible, and profits from a sale are taxed at a maximum rate of 28 percent. (aarp.org)
- Instead, the economy improved, stocks rebounded, and gold plunged, losing 28 percent of its value in 2013. (aarp.org)
- You can only purchase gold bars at least 99.5% purity. (forbes.com)
External Links
forbes.com
- Gold IRA, Add Sparkle to Your Retirement Nest egg
- Understanding China's Evergrande Crisis – Forbes Advisor
law.cornell.edu
- 7 U.S. Code SS7 – Designation board of trade as contract marketplaces
- 26 U.S. Code SS 408 – Individual retirement account
irs.gov
investopedia.com
How To
Online buying gold and silver is the best way to purchase it.
First, understand the basics of gold. Precious metals like gold are similar to platinum. It's rare and often used to make money due its resistance and durability to corrosion. It is difficult to use so people prefer to buy jewelry made from it to gold bars.
There are two types of gold coins available today – one type is legal tender, while the other is called bullion. Legal tender coins are those that are intended for circulation in a country. They typically have denominations of $1, $5 or $10.
Bullion coins should only be used for investment purposes. Inflation can cause their value to increase.
They are not exchangeable in any currency exchange system. For example, a person who buys $100 worth or gold gets 100 grams. This gold has a $100 price. For every dollar spent, the buyer gets 1 gram of Gold.
When looking to buy precious metals, the next thing you should be aware of is where it can be purchased. If you want to purchase gold directly from a dealer, then a few options are available. You can start by visiting your local coin shop. Another option is to go through a reputable site like eBay. You may also be interested in buying gold through private sellers online.
Private sellers are individuals who offer to sell gold at retail or wholesale prices. You pay a commission fee between 10% and 15% for each transaction when you sell gold through private sellers. That means you would get back less money from a private seller than from a coin shop or eBay. This is a great option for gold investing because you have more control over the item’s price.
Another way to buy gold is by investing in physical gold. It is easier to store physical gold than paper certificates. But, you still have to take care of it. Physical gold must be kept safe in an impassible container, such as a vault.
When buying gold on your own, you can visit a bank or a pawnshop. A bank can offer you a loan for the amount that you need to buy gold. Small establishments that allow customers to borrow money for items they have brought are called pawnshops. Banks tend to charge higher interest rates, while pawnshops are typically lower.
You can also ask for help to purchase gold. Selling gold is simple too. Set up a simple account with GoldMoney.com and you will start receiving payments instantly.
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By: Bitcoin.com
Title: Bitcoin.com Offers $15,000 in Rewards To Boost VERSE Token Liquidity
Sourced From: news.bitcoin.com/bitcoin-com-offers-15000-in-rewards-to-boost-verse-token-liquidity/
Published Date: Fri, 19 Jan 2024 12:00:55 +0000
