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OXEN - the most unique monero fork with a functioning product? Microcap. Development is steady. Launched as PoW in 2018 but has transitioned to PoS. Not wild on that, but might be good to hedge bets. Staking offers an attractive return mostly fueled by being rewarded a chunk of new emission in exchange for locking up supply - fairly standard, right? Here's where it starts to get interesting. Oxen is the token behind two unique, working-today privacy applications: Session and Lokinet. Session is a signal-alternative that is entirely decentralized with messages being processed by the nodes that are staking oxen! It has a desktop app and is on mobile as well. Somewhat buggy on my phone at times, but works today and development is continuously improving. They have voice calls in beta right now almost ready for release, for example. Group chats can be formed. Disappearing messages, media can be sent etc. Lokinet is a VPN-alternative service. I need to look more into it, but it does work. You can pick different "Exit nodes" similar to tor and use it to either browse lokinet, ".loki" sites that are only accessible on Lokinet similar to .onion addresses that are only available on TOR, or you can browse the so-called "Clearnet", or normal internet. Your data and requests are encrypted and hopped between several nodes such that your exit node does not know your origin IP. This is incredibly interesting to me because TOR, while around for a long time and functional, relies on altruism for their node infrastructure (i.e. they rely on people running exit nodes out of the goodness of their own heart at a loss, essentially) - I think it is completely unsurprising then that TOR has historically and continuously suffered from malicious-exit-node-related attacks. With Lokinet, but financially incentivizing good behavior and potentially punishing bad, it will hopefully lead to less attacks along this vector. Currently, starting a node requires staking 15,000 oxen, or $9000 at current writing. However, you can use rented hardware for $10-15/month and this is suitable specifications for the node, and it will generate ~200 oxen/month - meaning the return far outweighs the operations cost. Yes, $9000 is high but this is only for FULL node operators. Users may group up with up to 3 others including the operator and split up their contributions to the 15,000 reward. The node operator who maintains (or pays for) the hardware usually takes a 5-15% premium on the rewards to pay for the operations cost. This premium is subject to market demands and fluctuates as it is set by the operator upon node creation. But someone with only $900 for example could still find a node to contribute to and instead make ~20 oxen/month so node participation does not price many people out unlike many other projects. The development team has adjusted this 15,000 oxen amount in the past and, I assume, if Oxen were to go to new highs they would lower the contribution amount. This is interesting because it means someone with 1 node now could end up in a future where they have enough oxen to run 2 nodes. This can occur over time naturally even without node staking requirement changes, i.e. 15,000 oxen will be accrued via rewards over a ~6.2 year period anyways. With all variables frozen, a $9000 node (15k oxen) run solo would cost you around $120-180 per year (hosted/rented) or potentially less if you maintain your own physical system, but yield ~2400 Oxen for a USD value of $1440. $1440/$9180 = ~15% annual return if you sold all your rewards. "With all variables frozen" is an incredibly important, and unrealistic, expectation for the future as number of stakers and price per coin will undoubtedly fluctuate considerably over the course of a year, but this still provides a basis for which to compare the return compared to other traditional investments. Other hidden fees in this example that aren't included are network fees on the oxen chain (currently so low they are negligible) and exchange trading fees if you are forced to sell through a centralized party (could add up but likely still <$20). Node operators and contributors do have the ability to sell rewards as they get them, which is an important consideration when factoring in future price performance. I have used both Session and Loki personally and I'm impressed. It's astonishing to see dozens if not hundreds of crypto projects with shittier products, or even no functional product, with 10x the market-cap of Oxen. I don't think this can last. My one major complaint: oxen itself needs more utility to attract/maintain value over time. Currently you need it to run a node and the rewards are attractive, far outpacing the server costs necessary even when paying for hosting. However, as a user, Oxen is really only used to either reserve a unique username on Session, or "buy" a ".lokinet" domain from the network by burning a set amount of oxen based on how long you wish for the domain to remain active/in your control. It can also be used to generate a vanity address. The rates are currently quite cheap on the so-called "Oxen Name Service": Session ID: 7 OXEN Wallet Address: 7 OXEN Lokinet Name 1 year: 7 OXEN Lokinet Name 2 years: 14 OXEN Lokinet Name 5 years: 28 OXEN Lokinet Name 10 years: 42 OXEN Considering 42 oxen at current price is $25-26 bucks coming out to ~$2.55 annually at the time of writing, this is all relatively affordable. The interesting part is when you purchase these name services, you don't pay a node operator - the oxen is burnt and removed from the circulating supply. The goal of the project from a macroeconomic standpoint is to have enough users such that the burning from name services can offset or even outpace the emissions produced by the network. I think this goal is ambitious, which is why my "One major complaint" is that oxen needs some more utility. But this project is on the right track IMO, and oxen @ $4.50 would mean a ~250 million mcap which is modest by crypto standards especially considering the inflationary environment the USD is experiencing. It will be interesting to track this one. There isn't many PoS projects that are focused on privacy, and the volume especially looks interesting as it used to be <100k for months and suddenly has gone up to 500k+ since March 23rd. I smell a market-maker. Let me know what you think of oxen in the comments, and I hope you enjoyed this write-up. If you did, please consider giving a follow, thumbs up, or share with someone. It would mean a lot to me :) (Not financial advice and all that.)
OLong
by chickenboye
$XMR/USDT 3h (#BinanceFutures) Falling wedge breakout and retestMonero is pulling back to 200MA support and looks good for a bounce after and resume bullish. Current Price= 243.55 Buy Entry= 244.15 - 238.15 Take Profit= 261.12 | 276.36 | 295.61 Stop Loss= 225.11 Risk/Reward= 1:1.25 | 1:2.2 | 1:3.4 Expected Profit= +24.84% | +43.80% | +67.74% Possible Loss= -19.95% Fib. Retracement= 0.5 | 0.786 | 1.117 Margin Leverage= 3x Estimated Gain-time= 2 weeks Tags: #XMR #XMRUSDT #PoW #Mining #Privacy #Blockchain #Bytecoin #Hardfork Website: getmonero.org Contracts: #Mainnet #Secret secret19ungtd2c7srftqdwgq0dspwvrw63dhu79qxv88
Long
by TradingOn
ZCSH Zcash Grayscale Trust - OTC Market Redemption Arc GBTC ETHE Zcash Idealism: In November of 2016, journalist Morgen Peck showed up at her friend Molly Webster's apartment in Brooklyn, told her to take her battery out of her phone, and began to tell her about The Ceremony, a moment last fall when a group of, well, let's just call them wizards, came together in an undisclosed location to launch a new currency. It's an undertaking that involves some of the most elaborate security and cryptography ever done (so we've been told). And math. Lots of math. It was all going great until, in the middle of it, something started to behave a little...strangely.
OTC:ZCSHLong
by noam_chom
2
Zcash Reversal Rally potential on Low Time FrameA purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.
COINBASE:ZECUSDLong
by noam_chom
1
Zcash vs Bitcoin must avoid the 1D Death Cross!Zcash is an implementation of the Decentralized Anonymous Payment scheme Zerocash, with security xes and improvements to performance and functionality. It bridges the existing transparent payment scheme used by Bitcoin with a shielded payment scheme secured by zero-knowledge succinct non-interactive arguments of knowledge (zk-SNARKs). It attempted to address the problem of mining centralization by use of the Equihash memory-hard proof-of-work algorithm.
Long
by noam_chom
Monero Breaking out on the weekly - catalyst for Privacy coinsMonero is breaking out of the largest cup and handle structure in the Crypto Industry and the MACD is turning green on the weekly This breakout will turn into a long-awaited catalyst for the entire privacy coin sector. It has been a quiet sector all this Bullrun due to FUD and bad news. The current political climate has shown the world the need for privacy coins or at least given attention to it. My second privacy coin investment is a coin called: XTA/ITALO, Which is doing a rebrand into SYFER, fully homomorphic encryption with smart contracts, basically a fully private Ethereum network with barely any fees. The best part is that the market cap is less than 100.000 USD due to marketing not beginning until the Rebrand is done, which is within a couple of weeks. Good luck, everyone, and don't miss out on this privacy coin run!
KRAKEN:XMRUSDLong
by Tshanot
PRIVACY INDEXbullish on privacy rn opensea metamask nance all blocking customers from certain regions us/nato govmnt sactions on russia/china/iran lately have been semi rutheless and mostly just affecting citizens, not the governments as planned all decent reasons to want some of your net worth in anonymous store of value zec/xmr/xvg are the og ones theres more now but you can have exposure to all these assets through an index position longerterm bullish imo but market conditions couldnt be worse to befair beyond another global pandemic interesting times at the least.
FTX:PRIVPERPLong
by olliecoughland
BlockWallet - Reclaim your Financial Privacy on the BlockchainDid you know, you leave a trail of digital information on the blockchain. Anyone can find it and see what DApps you’ve used, transfers you’ve made, and the crypto assets you hold? Privacy is a fundamental human right. With BlockWallet , it’s protected by default. Your finances are a personal matter With BlockWallet (BLANK) you don’t have to reveal your balance and transaction history when making bank transfers. The same fundamentals should apply to blockchain. Render your funds untraceable to everyone but you. Unlock the full potential of Web 3.0 BlockWallet is your gateway to the decentralized web. Explore Web 3.0 with privacy-enhancing smart contracts at your fingertips. Connect to any DApp, across multiple chains. Take back control of your data BlockWallet empowers users by giving them full control of their digital assets. As a non-custodial wallet that collects no data whatsoever, you’re always in the driver’s seat. Privacy without Compromise BlockWallet uses battle-tested privacy-enhancing technology to protect your financial data. Cryptographic proofs (zk-SNARKs) allow users to make deposits and withdrawals using smart contracts that render funds untraceable. You can use BlockWallet to transfer funds to an address with no links to your history on the blockchain. The smoothest user experience Privacy solutions of the past are often difficult to use for the average user. BlockWallet brings the latest privacy-preserving technology to the mainstream by packaging it with a seamless user experience. Reclaiming your financial privacy shouldn’t be complicated, and with BlockWallet it isn’t.
Long
by CountOnCrypto