BitShares Forum
Main => General Discussion => Topic started by: chigbolu on June 01, 2020, 06:32:24 pm
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(https://community.smartholdem.io/assets/uploads/files/1591213963134-ngn_logo3.png)
"CRUDE FINANCE" A decentralized exchange that uses the Automated Market Marker (Smart contract) features of bitshares to incentivise trading...
Website:
https://github.com/bitsharescrude/CAI
Wallet
Wallet(window): https://wallet.bitshares.org/ https://ex.xbts.io/, https://dex.bitshares.ng
https://ui.crudefinance.site
Android Wallet: www.PalmPay.io, bitsy wallet btspp.app bitshares mobile wallet
Social links: https://www.facebook.com/100002123407774/posts/3041438029270281/?app=fbl
https://t.me/joinchat/bitsharesnigeria2
https://chat.whatsapp.com/GQDzP0tjrVtCUxR6LrlMw1
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The initiative is not bad, however
1. the XBITS asset has already been registered. I guess you need to choose a new brand.
2. Even if it's not registered, XBITS sounds similar to the existing gateway XBTS, it will probably introduce confusions.
Wish you good luck.
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The initiative is not bad, however
1. the XBITS asset has already been registered. I guess you need to choose a new brand.
2. Even if it's not registered, XBITS sounds similar to the existing gateway XBTS, it will probably introduce confusions.
Wish you good luck.
Thanks I'll edit the brand once I create the token
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The initiative is not bad, however
1. the XBITS asset has already been registered. I guess you need to choose a new brand.
2. Even if it's not registered, XBITS sounds similar to the existing gateway XBTS, it will probably introduce confusions.
Wish you good luck.
Thanks I'll edit the brand once I create the token
Actually, if you have interest, I'd like to create the assets for you, and transfer them to you after done. Being a LTM it is much cheaper for me to do so, and more convenient than sending you 48000 BTS.
Update: just noticed that you have upgraded to LTM too. So the real cost for you is actually 4800 BTS. It's a bit fishy to ask for 48000 BTS.
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The initiative is not bad, however
1. the XBITS asset has already been registered. I guess you need to choose a new brand.
2. Even if it's not registered, XBITS sounds similar to the existing gateway XBTS, it will probably introduce confusions.
Wish you good luck.
Thanks I'll edit the brand once I create the token
Actually, if you have interest, I'd like to create the assets for you, and transfer them to you after done. Being a LTM it is much cheaper for me to do so, and more convenient than sending you 48000 BTS.
Update: just noticed that you have upgraded to LTM too. So the real cost for you is actually 4800 BTS. It's a bit fishy to ask for 48000 BTS.
Thanks yes yes yes
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All unused funds would have been returned
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Update: I've created the assets for OP.
ICO is no longer needed.
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Update: I've created the assets for OP.
ICO is no longer needed.
Thanks you are the best
As quoted above the ICO is now closed however there will promotions for the token on this thread so stay tuned
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https://github.com/noblenobert/bitshares-Naira
Market markers will be set from tomorrow
All transactions for today have been recorded u can check it up on the link.
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https://wallet.bitshares.org/#/market/CRUDE.NGN_HONEST.BTC
https://wallet.bitshares.org/#/market/BTS_CRUDE.NGN
Please support the project by setting up markers thanks.
Ensure you read the asset economy rules before buying
https://github.com/noblenobert/bitshares-Naira
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We have a website just a temporary one for now
https://bitsharescrude.wordpress.com/
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https://t.me/addstickers/CRUDE_NGN
Thanks to XBITS EXCHANGE we now have stickers and logos everything is sponsored to the administrator I say more money to your pockets... God bless
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Welcome to Dex Family!
(https://community.smartholdem.io/assets/uploads/files/1591258747440-ngn_logo_png.png)
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I'm so happy to announce that we have been whitelisted by XBTS.IO thanks admin
Here are the markers
https://wallet.bitshares.org/#/market/CRUDE.NGN_XBTSX.USDT
https://ex.xbts.io/market/XBTSX.USDT_CRUDE.NGN
Users are encouraged to buy the naira for USDT as there's currently an arbitrage opportunity for the naira, the owner wants to use this opportunity to provide liquidity. All USDT trades with the owner will be sent out for arbitrage.
Thanks RUDEX and XBTS are accepted
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https://github.com/bitsharescrude/XBITS-RECORD
the records have been updated to reflect the new prices do check it up.
Happy trading
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the official website cannot be updated to reflect our current vision, due to network problems, as soon as network is better it will be updated.
happy trading
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https://twitter.com/bitsharescrude/status/1269054128455667713?s=20
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Asset trading still continues as usual, there may be delay in update time tomorrow because of private engagements. Traders take note.
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https://github.com/bitsharescrude/XBITS-RECORD
THE new prices have been reset happy trading....
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It's also Easy to perform asset exchange just set a BTS bid above my bid price, or a USDT bid above my SELL price...
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https://github.com/bitsharescrude/XBITS-RECORD
The records have been set happy trading
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https://github.com/bitsharescrude/XBITS-RECORD
The records have been set happy trading
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Your mobile phone or your Telegram account got hacked or what?
(https://user-images.githubusercontent.com/9946777/84446677-54494e80-ac46-11ea-845b-22530963468c.png)
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https://github.com/bitsharescrude/XBITS-RECORD
The records have been reset, am finding it difficult to provide $pegs
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Your mobile phone or your Telegram account got hacked or what?
No am okay sir, just changed my identity, my phone is still safe
(https://user-images.githubusercontent.com/9946777/84446677-54494e80-ac46-11ea-845b-22530963468c.png)
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The records have been reset Happy trading
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https://github.com/bitsharescrude/XBITS-RECORD
The records have been updated, happy trading.
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https://github.com/bitsharescrude/XBITS-RECORD
The records have been updated, happy trading.
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Records have been updated happy trading, the engn keeps going down against the dollar....
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Today I'll be creating a new topic called Bitsharescrude where all the updates about my asset will be posted, also trading has been going on for my token and it's been good so far, not the best but good, we now have a data page https://data.bitsharescrude.i.ng were market data is collected from, I will no longer be using the BTS 3DMA instead I'll be using the current price for BTS on that page. Happy trading...
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Good to see more assets on DEX.
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https://bitsharescrude.i.ng is under construction for now, am working on a new hosting it will be up and running later in the day.
Also there were changes made to my trading pattern, plus a new program has been designed to fast track adoption...
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Website is still down, it was due to a hosting account mishap, hopefully it will be resolved by the end of the day.
We have some new rules that will improve our Naira coin called BMR.... It has been added to the theory section of my BITPAPER and will be new standard of trading for CRUDE.NGN.... BMR is also the standard Binance uses for fiat currencies and it works well for them so it will work well for CRUDE.NGN too. Happy trading, prices have been adjusted as usual...
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CRUDENGN ASSET REPORT
Current Supply: 205000 CNGN
Issuer income: 1433.08CNGN
BTS/CNGN 30D RANGE 12.5-9.53CNGN
USDT/CNGN 30D RANGE 408-386CNGN
Cumulative trade volume: 1433080CNGN
Total asset value in CNGN: 273395
Equivalent Naira: 329263.5NGN @ 465/$
BMR : 1.2
Decay Supply @386: 61135CNGN
Double Mark @386: 135377CNGN
Buy back volume = 75467CNGN
Decay Value @386 = +121045
Holders: 19
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Bitsharescrude FPL code for the new season.
***Free Version***
Code: iisppd
Or
https://fantasy.premierleague.com/leagues/auto-join/iisppd
Register a free bitshares account on https://bitsharescrude.i.ng, https://ex.xbts.io or https://wallet.bitshares.org
Join the Bitsharescrude official WhatsApp group to claim prizes for - manager of the week - manager of the season.
https://t.me/bitsharesnigeria2
https://chat.whatsapp.com/GQDzP0tjrVtCUxR6LrlMw1
*PRIZES*
Manager of the week
(1st-3rd) 100CNGN
Manager of the Season
(1st- 1500CNGN, 2nd- 1000CNGN, 3rd- 500CNGN)
Consolation (4th-10th)
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https://data.bitsharescrude.i.ng/
All price updates are shown here
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LIST OF PREFERRED MARKETS
*** LIQUID MARKETS***
https://bts.ai/market/CNY_CRUDE.NGN
https://bts.ai/market/RUBLE_CRUDE.NGN
https://bts.ai/market/EUR_CRUDE.NGN
https://bts.ai/market/CRUDE.BTSP_CRUDE.NGN
https://bts.ai/market/BTS_CRUDE.BTS
***GET 1% WEEKLY FOR TRADING ANY OF THESE PAIRS***
https://bts.ai/market/BTS_CRUDE.NGN
https://bts.ai/market/XBTSX.USDN_CRUDE.NGN
https://bts.ai/market/XBTSX.BTC_CRUDE.NGN
https://bts.ai/market/XBTSX.ETH_CRUDE.NGN
https://bts.ai/market/XBTSX.STH_CRUDE.NGN
https://bts.ai/market/EVRAZ_CRUDE.NGN
https://bts.ai/market/EUR_CRUDE.NGN
https://bts.ai/market/XBTSX.WAVES_CRUDE.NGN
https://bts.ai/market/XBTSX.LTC_CRUDE.NGN
https://bts.ai/market/RUDEX.EOS_CRUDE.NGN
https://bts.ai/market/CRUDE.BTS_CRUDE.NGN
https://bts.ai/market/CRUDE.BTS_BTS
https://bts.ai/market/CRUDE.LVRG_CRUDE.NGN
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https://twitter.com/Nairametrics/status/1303214938303860738?s=20
Despite the new unification plan by CBN, the naira still trades at 440 on the black market.
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https://twitter.com/bitsharescrude/status/1303255672142921728?s=20
Join the Stakeholdem antibounty program and start earning from our tweets
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CNGN Trading reward
CRUDE.NGN is meant to represent the Naira currency on the bitshares DEX, currently holders of the asset are few and dormant. Only a few persons currently trade CRUDE.NGN actively and this has led to low trade volumes. In order to change this trend and make the CRUDE.NGN market more organic while boosting trade volumes, bitsharescrude is introducing a trading reward program, which will run till the end of the year. The program will reward the top ten trading accounts that trade with the naira according to the amount of CRUDE.NGN they own.
Market Rules
• Traders must have at least 1000CNGN in their accounts to be eligible.
• The top ten active traders with a bid equivalent of at least 1000CNGN will get to share the reward pot.
• The reward will be in the asset they are trading with i.e STH.
• The reward pot will be shared on a weekly basis after a snapshot of market orders and CNGN holders.
Focus Market
CRUDE.NGN/XBTSX.STH Weekly Reward % = 1
The first reward pot will be shared on the 20th September 2020 after calculations are completed.
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(https://pbs.twimg.com/media/Eh7z9wCWoAEjrOI?format=jpg&name=small)
Fantasy Premier League Table Update
The winners ayebakuro-daniel and mckkyt19 have received their prizes only the third person remains unknown. If the third Manager is not found the next available person will receive the prize before game week 2.
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CNGN Trading reward
CRUDE.NGN is meant to represent the Naira currency on the bitshares DEX, currently holders of the asset are few and dormant. Only a few persons currently trade CRUDE.NGN actively and this has led to low trade volumes. In order to change this trend and make the CRUDE.NGN market more organic while boosting trade volumes, bitsharescrude is introducing a trading reward program, which will run till the end of the year. The program will reward the top ten trading accounts that trade with the naira according to the amount of CRUDE.NGN they own.
Market Rules
• Traders must have at least 1000CNGN in their accounts to be eligible.
• The top ten active traders with a bid equivalent of at least 1000CNGN will get to share the reward pot.
• The reward will be in the asset they are trading with i.e STH.
• The reward pot will be shared on a weekly basis after a snapshot of market orders and CNGN holders.
Focus Market
CRUDE.NGN/XBTSX.STH Weekly Reward % = 1
The first reward pot will be shared on the 20th September 2020 after calculations are completed.
The focus markets have been expanded to XBTSX.TRD, XBTSX.SCH, TWENTIX, EVRAZ, WEYOUME and XBTSX.DOGE.
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CRUDENGN ASSET REPORT
Current Supply: 270000 CNGN
Issuer income: 2998.78CNGN
BTS/CNGN 30D RANGE 21.5-10.1CNGN
USDT/CNGN 30D RANGE N/A
Cumulative trade volume: 2998780CNGN
Total asset value in CNGN: 277530.43
Equivalent Naira: 333570.23NGN @ 467.5/$
BMR : 1.2
Decay Supply @389: 68384.82CNGN
Double Mark @389: 131885.57CNGN
Buy back volume = 195244.28CNGN
Decay Value @389 = +79287.37CNGN
Holders: 27
Due to some issues, the decay Supply has been shifted to H.USD, EVRAZ and XBTSX.DOGE instead of XBTSX.USDT, this asset is no longer viable due to high fees... Hopefully an alternative dollar pair with low cost will become available in the future.
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https://github.com/bitsharescrude/crude.ngn
New terms have been added to the bitpaper
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Week 1 CNGN top ten trading reward
1. lode: 0.951TWENTIX, 1.184WEYOUME
2. evrazb9: 5.024EVRAZ
3. arisha-luk: 3.057EVRAZ
4. evraz-com: 1.33EVRAZ
5. aton: 1.163EVRAZ
6. altin: 0.953EVRAZ
7. amanter: 0.667EVRAZ
Next reward pot will be shared on the 27th of September
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Week 2 CNGN top ten trading reward
1. lode: 0.12TWENTIX, 0.094WEYOUME
2. bharat: 1.96EVRAZ
3. altin: 1.222EVRAZ
4. evrazb9: 0.987EVRAZ
5. aton: 0.98EVRAZ
6. bu-dva: 0.893EVRAZ
7. amanter: 0.796EVRAZ
8. global-ru: 0.796EVRAZ
Next reward pot will be shared on the 4th of October 2020
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FPL Game Week 3 Results
1st Ayantunji 68
2nd Dinero 66
3rd Chebasa 56
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Bitsharescrude Independence giveaway
To celebrate Nigeria's 60th Independence anniversary, bitsharescrude will be giving out crypto candies to well wishers. In order to be eligible for this event, you must have a bitshares wallet. The giveaway activity is divided into two....
Part 1
Quiz round... The top three winners will get to share the candy reward. Other participants will receive consolation candies....
Part 2
Trading Reward for the best CNGN market on the bitshares DEX which is currently EVRAZ. The top 3 EVRAZ traders will get to share the candies in the form of evraz coins, the sharing formula will be according to the percentage of CNGN each trader holds...
The quiz questions will be shared tomorrow on all bitshares group as well as our watsapp group.
A total of 5000CNGN worth of candies is expected to be shared, good luck...
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A total of 5000CNGN will be shared among the wallets holding above 10,000CNGN according to their percentage holdings
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Here's the result of the Independence Giveaway contest...
Winners 🍬🍬🍭🍭🍬 :-*
1st iamredbar1 (82.35%)
Prize 7000STH
2nd nonso-isi (64.71%)
Prize 3733.38STH
3rd tradecoin-2018 (47.06%)
Prize 2333.34STH
Consolation prize 💰 466.2STH
pcm1
lode
Trading Reward Winners 💰
1st place aton 71.5EVRAZ
2nd place bharat 42.9EVRAZ
3rd place altin 28.6EVRAZ
Prizes will be shared tomorrow ☺️☺️☺️🍭🍬🍬🍬🍭😋😋😋😋
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CRUDENGN ASSET REPORT
Current Supply: 270000 CNGN
Issuer income: 3656.38CNGN
BTS/CNGN 30D RANGE 22.4-8.14CNGN
USDT/CNGN 30D RANGE 420-387CNGN
Cumulative trade volume: 3656380CNGN
Total asset value in CNGN: 180584.20
Equivalent Naira: 214813.93NGN @ 463/$
BMR : 1.19
Decay Supply @389: 13639.17CNGN
Double Mark @389: 194457.27CNGN
Buy back volume = 137787.23CNGN
Decay Value @389 = +46453.35
Holders: 37
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Week 3 CNGN top ten trading reward
1. lode: 0.443TWENTIX, 0.487WEYOUME
2. evrazb9... 1.067EVRAZ
3. altin 1.037ERAZ
4. gncht 0.988EVRAZ
5. bu-dva 0.975EVRAZ
6. bharat 0.967EVRAZ
7. aton 0.964EVRAZ
8. arisha-luk 0.96EVRAZ
9. amanter 0.956EVRAZ
Next reward pot will be shared on the 11th of October 2020
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CRUDENGN ASSET REPORT
Current Supply: 270000 CNGN
Issuer income: 3804.67CNGN
Cumulative trade volume: 3804670CNGN
Total asset value in CNGN: 176518.7
Equivalent Naira: 211116.37NGN @ 466.44$
BMR : 1.196
Decay Supply @390: 22784.17CNGN
Double Mark @390: 153734.53CNGN
Buy back volume = 138940.72CNGN
Decay Value @389 = +37577.98
Backing Value = -93481.3CNGN
Risk= 34.62%
Holders: 37
A new parameter has been added which was initially forgotten, that is the assets backing Value, which is currently at a negative, this means the owner is trading at loss, it doesn't affect buyback of the asset, it's only affects the peg. Users should take note of this, the peg risk level is also added to show the effect of this new parameter.
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Week 4 CNGN top ten trading reward
1. lode: 0.675TWENTIX
2. bharat 1.992EVRAZ
3. evrazb9... 1.18EVRAZ
4. global-invest 1.148EVRAZ
5. arisha-luk 1.061EVRAZ
6. amanter 1.019EVRAZ
7. gich-go 1.011EVRAZ
8. bu-dva 1.002EVRAZ
9. altin 0.985ERAZ
Next reward pot will be shared on the 18th of October 2020
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CRUDENGN ASSET REPORT
Current Supply: 270000 CNGN
Issuer income: 3869.45CNGN
Cumulative trade volume: 3869450CNGN
Total asset value in CNGN: 166911.49
Equivalent Naira: 202296.73NGN @ 470
BMR : 1.212
Decay Supply @387: 16280.30CNGN
Double Mark @387: 150631.19CNGN
Buy back volume = 133239.41CNGN
Decay Value @387 = +33672.09
Backing Value = -103088.50CNGN
Risk= 38.18%
Holders: 41
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Week 5 CNGN top ten trading reward
1.accracreditunion 0.414TWENTIX
2.altin 0.997EVRAZ
3.aton 1.022EVRAZ
4.amanter 1.031EVRAZ
5.arisha-luk 1.039EVRAZ
6.evrazb9 1.194EVRAZ
7.gncht 1.237EVRAZ
8.bharat 2.510EVRAZ
9.global-ru 2.766EVRAZ
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New website for tracking popular bitshares assets has been created http://mcap.bitsharescrude.i.ng/.
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Week 6 CNGN top ten trading reward
1. bharat 4.348 EVRAZ
2. global-ru 2.521 EVRAZ
3. bu-dva 2.397 EVRAZ
4. jarko-srb 2.293 EVRAZ
5. altin 2.107 EVRAZ
6. aton 1.903 EVRAZ
7. accracreditunion 0.223 TWENTIX
8. koba 1.147 EVRAZ
9. gncht 1.128 EVRAZ
10. evrazb9 1.089 EVRAZ
The Next pot will be shared on 1st November, 2020
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Week 7 Top Ten Trading Reward
bharat 3.864EVRAZ
nonso-isi 213.819STH
global-ru 2.573EVRAZ
bu-dva 2.446EVRAZ
jarko-srb 2.331EVRAZ
amanter 2.192EVRAZ
altin 2.150EVRAZ
aton 1.942EVRAZ
koba 1.170EVRAZ
gncht 1.151EVRAZ
Next Reward Pot will be shared on the 8th of November 2020
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Week 8 Top Ten Trading Reward
koba 2.675EVRAZ
jarko-srb 1.982EVRAZ
nonso-isi 123.463STH
gich-go 1.277EVRAZ
arisha-luk 1.13EVRAZ
zgt1 1.122EVRAZ
vksh79 1.113EVRAZ
thik-he 1.104EVRAZ
sweet-girl 1.097EVRAZ
tf7679 1.088EVRAZ
Next Reward Pot will be shared on the 15th of November 2020
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We now have CRUDE.BTS smartasset, which follows the price of BTS in Naira, and is backed by CRUDE.NGN, A list of well known price Feeders have been added...
https://bts.ai/block/53170283
https://github.com/bitsharescrude/CRUDE.BTS
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Bitsharescrude now has three new assets; the Liquidity pool token, the smartcoin and the leveraged asset token
The liquidity Pool is not yet active because of the bitshares UI, however the other assets are now active and can be traded
The smartcoin CRUDE.BTS tracks the avg daily price of bitshares, and is backed by CRUDE.NGN, While the Leverage Asset Token
CRUDE.LVRG tracks the weekly price change of bitshares multiplied by 5, i.e @ a 5X leverage.
This leverage applies only for small trades, to increase CLVRG supply new accounts must start at 1:5 odd or 0.2 odd against CNGN
Part of the *funds gotten will then be used to open new positions against CNGN. The rest will be used to trade on the Futures Market.
*All funds gotten will be converted to USD/BTS @ 1:5.
https://bts.ai/asset/CRUDE.LVRG
https://github.com/bitsharescrude/CRUDE.LVRG
https://ex.xbts.io/market/CRUDE.LVRG_BTS
https://ex.xbts.io/market/CRUDE.LVRG_CRUDE.NGN
https://ex.xbts.io/market/CRUDE.BTS_BTS
https://ex.xbts.io/market/CRUDE.BTS_CRUDE.NGN
https://github.com/bitsharescrude/CRUDE.BTS
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Week 9 Top Ten Trading Reward
koba 4.066EVRAZ
jarko-srb 4.046EVRAZ
gncht 2.561EVRAZ
gich-go 1.306EVRAZ
arisha-luk 1.157EVRAZ
zgt1 1.148EVRAZ
vksh79 1.139EVRAZ
thik-he 1.13EVRAZ
sweet-girl 1.122EVRAZ
tf7679 1.113EVRAZ
Next Reward Pot will be shared on the 22nd of November 2020
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CNGN Trading reward Update
CRUDE.NGN is meant to represent the Naira currency on the bitshares DEX, currently holders of the asset are few and dormant. Only a few persons currently trade CRUDE.NGN actively and this has led to low trade volumes. In order to change this trend and make the CRUDE.NGN market more organic while boosting trade volumes, bitsharescrude is introducing a trading reward program, which will now continue to run till further notice. The program will reward the top ten trading accounts that trade with the naira according to the amount of CRUDE.NGN they own.
Market Rules
• Traders must have at least 1000CNGN in their accounts to be eligible.
• The top ten active traders with visible bids equivalent of at least 1000CNGN will get to share the reward pot.
• The reward will be in CRUDE.BTS.
• The reward pot will be shared on a weekly basis after a snapshot of market orders and CNGN holders.
The next reward pot will be shared on 21st November 2020 after calculations are completed.
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Our Website https://bitsharescrude.i.ng has been rebranded. It has a deposit and withdrawal option, as well as a fully customized chart for your tracking bitshares and other cryptocurrencies, a quick chat via mail option, a support center and a trading account link from where you can access the XBTS.IO BTS DEX.
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Week 10 Top Ten Trading Reward
jarko-srb 3.289EVRAZ
Koba 3.122
gich-go 2.844EVRAZ
arisha-luk 1.881EVRAZ
evrazb9 1.783 EVRAZ
bu-dva 1.703EVRAZ
global-ru 1.609EVEAZ
Monkada 1.414EVRAZ
global-invest 1.404
altin 1.275
Next Reward Pot will be shared on the 29th of November 2020
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Week 11 Top Ten Trading Reward
altin 2.408EVRAZ/ 5.168CLVRG
jarko-srb 2.328EVRAZ/ 4.995CLVRG
amanter 1.048EVRAZ/2.249CLVRG
shirak 0.950EVRAZ/ 2.038CLVRG
shlvn 0.944EVRAZ / 2.025CLVRG
bu-dva 0.925EVRAZ/ 1.986CLVRG
koba 0.824EVRAZ/ 1.768CLVRG
Next Reward Pot will be shared on the 6th of December 2020
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Trading Reward update
Bitsharescrude has been running it's trading reward program for about 3 months now, it hasn't gone as well as thought, however the CRUDE.NGN/EVRAZ market has thrived strongly since the beginning of the program. Due to this and recent events the trading reward program will now be streamlined for convenience, from this month onwards but the reward stays thesame...
Market Rules
• Traders MUST have at least 1000CNGN in their accounts to be eligible, this amount must visible on bts.ai or any bitshares explorer because results are calculated manually.
• The top ten active traders with a visible bid equivalent to at least 1000CNGN will get to share the reward pot.
• The reward pot will be calculated using 1% of the total amount of CNGN held by each of the ten accounts.
• The reward will be in CRUDE.BTS in line with the new vision of bitsharescrude.
• The reward pot will be shared on a weekly basis after an overview of market orders and CNGN holders.
The next reward pot will be shared on the 6th of December 2020 after calculations are completed.
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Week 12 Top Ten Trading Reward
misha-luk 3.362CBTS
Next reward pot will be shared on 13th Dec 2020
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Trading Reward update
Bitsharescrude has been running it's trading reward program for about 3 months now, it hasn't gone as well as thought, however the CRUDE.NGN/EVRAZ market has thrived strongly since the beginning of the program. Due to this and recent events the trading reward program will now be streamlined for convenience, from this month onwards but the reward stays thesame...
Market Rules
• Traders MUST have at least 1000CNGN in their accounts to be eligible, this amount must visible on bts.ai or any bitshares explorer because results are calculated manually.
• The top ten active traders with a visible bid equivalent to at least 1000CNGN will get to share the reward pot.
• The reward pot will be calculated using 1% of the total amount of CNGN held by each of the ten accounts.
• The reward will be in CRUDE.BTS in line with the new vision of bitsharescrude.
• The reward pot will be shared on a weekly basis after an overview of market orders and CNGN holders.
The next reward pot will be shared on the 6th of December 2020 after calculations are completed.
Here are the top ten traders for last week (Reward is in CRUDE.BTS)
nonso-isi 4.159
misha-luk 3.476
altin 2.901
shlvn 2.203
shirak 2.167
arisha-luk 2.072
jarko-srb 2.060
But they wont get their price because they didnt follow the rules...
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The Feed Price Lifetime of CRUDE.BTS has been adjusted to 6days while the Forced settlement delay is now an hour. Also Maximum settlement volume is set to 100%
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Our pool for BTS/CRUDE.NGN is now running
Our pool ID is 1.19.40
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fbn3113104450 is the new escrow wallet especially for bank transfer transactions. The account is clearly visible on the bitshares blockchain and transactions made to the wallet can be tracked. The main function of the wallet is to send and recieve money from bank transfers.
**HOW TO SEND
This process assumes you already have CRUDE.NGN and want to withdraw simply send the amount you want to fbn3113104450, with a memo containing your bank account, or send a mail to support@bitsharescrude.i.ng containing the bank details.
Your bank account will be written as so... "bank code:account number".
**HOW TO RECEIVE
This process assumes you want to make a deposit to the blockchain via bank transfer. Simply send the amount to FBN:3113104450 and add your bitshares wallet name on the note/remark column in your bank transfer app.
The Second function of the wallet is to display the current cash available in that bank account. So if you see 10,000CRUDE.NGN it means that approximately 12500NGN is currently available in cash for withdrawals.
Banks and their respective Codes
ABP : Access Bank PLC
ECO: Ecobank PLC
FCMB: First City Monument Bank
FBP: Fidelity Bank Plc
FBN: First Bank of Nigeria Plc
GTB: Gauranteed Trust Bank Plc
HB: Heritage Bank
JB: Jaiz Bank
KSB: Keystone Bank Plc
POLB: Polaris Bank Plc
PROB: Providus Bank Plc
IBTC: Stanbic IBTC Bank Plc
UBN: Union Bank of Nigeira Plc
UBA: United Bank of Africa
UB: Unity Bank Plc
WB: Wema Bank Plc
ZB: Zenith Bank Plc .
N/B the blockchain is a very risky place to ensure that you do not lose your funds to the wrong wallet make sure you add fbn3113104450 to your list of contacts...
How to add fbn3113104450 to contact list
* Go to the bitshares dex and click on explorer (the eye sign)
* Click on accounts and search for fbn3113104450 it will show on your dashboard.
* Click on the + sign by the side, it will be added to your contact list and anytime you want perform any transactions, the wallet will come up on your display.
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bitsharescrude-fund is the new Reserve/Budget Wallet for bitsharescrude, it will function as the wallet for holding contract tokens and for emergency funding, when the need arises for funds.... It will also serve as our portfolio, As more Contract tokens are bought or created they will be kept here.
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bitsharescrude-fund is the new Reserve/Budget Wallet for bitsharescrude, it will function as the wallet for holding contract tokens and for emergency funding, when the need arises for funds.... It will also serve as our portfolio, As more Contract tokens are bought or created they will be kept here.
We have now decided a sharing percentage for the funds that will be kept in this wallet, plus, when it will be disbursed, as earlier said this wallet is our portfolio, and our value as an organization will be reflected there... Follow this link to read up on bitshares fund... https://bitsharescrude.i.ng/fund.html
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CRUDENGN ASSET REPORT
Current Supply: 4,668,000 CNGN
Issuer income: 4706.8CNGN
Cumulative trade volume: 4,706,800CNGN
Total asset value in CNGN: 369,894.87
Equivalent Naira: 443,873.844NGN @ 475
BMR : 1.2
Decay Supply @387: 24,797CNGN
Double Mark @387: 345,097.87CNGN
Buy back volume = 1,079,367.1CNGN
Decay Value @387 = -709,472.23CNGN
Backing Value = -4,298,105.13CNGN
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https://fund.bitsharescrude.i.ng
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CRUDENGN ASSET REPORT
Current Supply: 4293438.95 CNGN
Circulating Supply: 127538.94
Collateral in pool: 264059.51
Collateral in Margin: 1671753.94
Issuer income: 5759.62
Total asset value in CNGN: 74290.60
Total value in bitCNY: 1238.2
Deficit: 887.5bitCNY
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LIQUIDITY POOL STATS
CURRENT SUPPLY: 1207.09CBTSP
BTS : 8827.94 CNGN: 264059.51
POOL VALUE: 18145.57BTS
MARKET VALUE: 15.03BTS/CBTSP; 426CNGN/CBTSP
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New Targets
* CNY/NGN Liquidity Pool
* BTS/CBTS Liquidity Pool
* 50,000STH FOR STAKING REWARD
Starting in May
* CNGN/CBTS Trading Reward Reboot
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CRUDE.NGN, and CRUDE.BTS market fees have been raised to 1% to raise more funds for upcoming accumulation reward program in June..
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New Targets
* CNY/NGN Liquidity Pool
* BTS/CBTS Liquidity Pool
Targets achieved
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ANNOUNCEMENT 🎙
BTX AUCTION
CRUDE.BTX is a smartcoin that represents the average daily price change of bitshares @ 5x Leverage...
It is backed by CRUDE.LVRG.
What should be the market value of CRUDE.BTX?
https://bts.ai/market/CRUDE.BTX_CRUDE.LVRG
How to get CRUDE.LVRG
https://bts.ai/market/CRUDE.NGN_CRUDE.LVRG
https://bts.ai/market/CNY_CRUDE.LVRG
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Bitsharescrude FPL competition Winners
Manager of the Season
1. Ade Emma
2. Desalu Temitope
3. Ayebakuro Daniel
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Eligible Wallets for CRUDE.NGN Accumulation Reward
Note: To be eligible for this reward you must score above 1000CNGN in accumulation monthly. Reward is limited...
Account Balance Accumulation Reward (CLVRG)
chato1 7763.53 7763.53 525660.97
accracreditunion 3861.62 5358.92 362847.20
Eligible Wallets for CRUDE.BTS Accumulation Reward
Note: To be eligible for this reward you must score above 50CBTS in accumulation monthly and all rewards will be paid in CRUDE.LVRG.
Account Balance Accumulation Reward(CLVRG)
bit20-operations-agent-01 51.94674 51.95 60884.72
lode 33.89823 126.75 148555.41
accracreditunion 277.30032 190.09 222795.52
Congratulations to the winners of the first accumulation program
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Starting From August
- CNGN SWAP AND STAKE
- XBTSX.STH/CLVRG/CNY STAKE AND EARN
- Fantasy Football Resumes
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Since we are in the era of liquidity pool staking on the bitshares DEX, Bitsharescrude has decided to take advantage of its own stake pools by offering the following stake and earn reward programs;
1. CRUDE.LVCNY/CRUDE.STHLP
Stake bitCNY and CRUDE.LVRG to earn CRUDE.STHLP(STH/LVRG) tokens monthly. To be eligible users must hold @ least 10% of the total supply of the CRUDE.LVCNY asset (APY: dynamic).
2. CRUDE.LPT/CRUDE.BTSP
Stake bitCNY and CRUDE.NGN to earn CRUDE.BTSP(BTS/NGN) monthly. Users must hold 10% of the total supply of the CRUDE.LPT asset to be eligible (APY: 6%).
3. CRUDE.BTX/CRUDE.TRDDEFI
CRUDE.BTX is an FTX like instrument that follows 1.5 times the daily price change of BTS. Hold a minimum of 100CRUDE.BTX tokens and be in the top 100 holders to be eligible for CRUDE.TRDDEFI (BTS/LVRG) weekly airdrops. (APY: 144% CAPPED @ 1,000,000CRUDE.BTX).
All other promos have been cancelled to facilitate the success of this three promotions.
The CRUDE.BTSP reward promotion is aimed at bringing CRUDE.NGN back to its initial pegged value of 100CNGN/CNY, once this is achieved, the promo will be reviewed. While the others are aimed at improving adoption of the CRUDE.LVRG asset as a model brand cryptocurrency on Bitshares and have been set up to continue for the forseable future. Users are encouraged to try out the liquidity pools at this early stage where there is less competition.
All the funds for the reward are gotten from the profits from market making, liquidity pool swaps and personal finance, users can follow reward progress on https://fund.bitsharescrude.i.ng.
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Consistency is important in business and that has been a lacking tool for me and my project at the moment. The reasons being that I am virtually the only one doing all the work for it, so it is expected that my CRUDE.ASSETS will experience high volatility in prices and incur severe losses in capital.
As the sole proprietor of this project it has not been an easy ride and without the help of Abit, Europa and the Twentix community, especially Johnr, I would not have gotten to the level where the project is now.
I started with the idea of having a stablecoin in Naira that would bridge the gap between fiat and bitshares in my locality and nation at large, however due to limitations i have been unable to setup an automated process for this and I have also not been able to attract local interest for the currency. That coupled with my poor management of the currency has led it to drop from a peg of 65naira per CNY to 1000naira per CNY. Notwithstanding I have now corrected my mistakes on this currency by setting up a seperate wallet to issue and account for the reserve funds used to peg the currency. The wallet is currently managed only by me, however hopefully with time that will no longer be necessary as I hope to find a way to automate the process without much inteference from me. Apart from my Naira stablecoin, I also developed the idea of inverse margin trading by creating the CRUDE.BTS asset which can be borrowed using CRUDE.NGN as collateral. This asset is meant to represent bitshares 1:1 and so far I have been very successful with the concept. I have also delegated the crude-ngn wallet to manage this asset as well since it has the power to borrow it at will and account for its supply. The concept behind CRUDE.BTS is that of margin calls, with the aid of this asset one can avoid margin calls from borrowing using bitshares as collateral. Another benefit is that one can hold both bitshares and a stablecoin at the same time thus benefiting from it no matter the price of bitshares. The only draw back for CRUDE.BTS currently is that I do not know how to automate its price feed, if I did then the coin would become perfect. Lastly I then created CRUDE.LVRG, which was meant to represent 5x the price change of bitshares on a weekly basis. However due to some lacklustre situations and poor concentration I lost 15 thousand Bitshares from my wallet and at that time it was almost all the money I had on me for the project. This mistake ended up being costly and I have not been able to recover even up till now. Luckily for me Abit seeing my pain in his generosity offered to return the 15 thousand bitshares back to me, this I heartily accepted, I even promised to pay back every penny with time. In order to begin the process of paying back I switched my CRUDE.LVRG tokens from an FTX to a reward token as a means of raising funds from other well meaning bitshares users who might have had interest in my project. The idea was to fast track repayment while working out a system to reward those who had contributed by buying the token.
This brought about my first promo bitsharescrude-fund, the idea was to hold contributors funds and mine in the wallet till year end after which 10% would be disbursed back to them as bitshares. It was during this time that liquidity pools were developed for which i designed the first liquidity pool for CRUDE.NGN/BTS. I also set up a market marker reward program for STH, EVRAZ, TWENTIX and YOYOW. This piqued a little interest from the community at that time.
Also then, Johnr and I struck a few deals in CRUDE.BTS, NGN and TWENTIX coins. However financial constriants caused me to sell most of the TWENTIX tokens to keep the project alive. That coupled with the fact that most of my funds were deplicting with no account for the loss discouraged me from continuing the market marker reward programs, which in true sense was fizzling out on its own already. However I was determined to continue my project so I decided to focus on improving the funds in the bitsharescrude-fund wallet which I wanted to use to reward contributors to my project.
This I did by setting up more liquidity pools (NGN/CNY, BTS/CBTS and TWENTIX/CBTS pools), after I discovered how effective liquidity pools were at generating profits from swaps between two assets, I decided to create another liquidity pool this time centered around my reward token CRUDE.LVRG with CNY.
After creating the pool I decided that it would be better to set up my reward program around the pool token, and thus instead of distributing contributors reward @ year end as initially planned the lure and power of liquidity pools caused me to redistribute the funds according to how they had contributed not in bitshares but rather in CNY. The reason why CNY was used was that the price of bitshares had gone so high then that I would make a huge loss if I tried to return all the bitshares I had been given. Each user was encouraged to add liquidity to the pool of which only Johnr responded, the other major holder of the CRUDE.LVRG asset opted to sell his tokens in the market for reasons best known to him. After the distribution I setup a new reward system that would payout holders of the CRUDE.LVCNY asset monthly until the total supply of CRUDE.LVRG is reached. I also increased the total supply to approximately 200 million tokens due to the fact that the top holder refused to stake his share as I had hoped he would and also to extend the duration of the reward as the reward would be paid out as CRUDE.LVRG. After this change of plan I decided to create a new FTX token CRUDE.BTX, this time with better setup as a smartcoin with thesame idea of x5 the price of bitshares weekly, I even ran a lot of promos in the telegram channel to drum interest all to no avail.
This led me to rethink the asset's setup and readjust its parameters. It now currently runs at 1.5x the price of bitshares daily and I have also setup a quarterly buyout contract using another wallet crude.btx-account that would buy the CRUDE.BTX tokens every four months based on performance. The wallet is also used to account for the supply of the CRUDE.BTX tokens which I or any user borrows and is pegged at 1.5BTS.
A few days back I got the idea again to center my liquidity pools around the CRUDE.LVRG token and setup a franchise that would see the CRUDE.LVRG (LEVERAGE) Asset as the main investment instrument of the bitsharescrude-fund. This idea came after I saw how ineffective it was to manage the liquidity pools of CRUDE.BTS and CRUDE.NGN due to their stable nature and constant need to account for them. This led me to once again reorganise my liquidity pools and burn off any excess supply as well as change my payoff terms to Abit by offering to swap CRUDE.BTS for CRUDE.LVRG as repayment option.
This brings us to now, I have now set up seven liquidity pools and counting for CRUDE.LVRG and one FTX token CRUDE.BTX. I hope to setup some more as well as raise up interest in them with time.
I am also building my business around the idea of Leveraging by using the power of liquidity pools, and FTX smartcoin tokens to build a good bitshares portfolio right on the DEX.
I want to encourage well meaning bitshares holders to take a sneak peak at CRUDE.LVRG and my other assets and contribute to making it a success right on the DEX all the data relating to the project is displayed on my website https://fund.bitsharescrude.i.ng (https://fund.bitsharescrude.i.ng) for transparency and I also want to assure everyone that I will no longer be inconsistent with my project but rather build it to greater heights.
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Since we are in the era of liquidity pool staking on the bitshares DEX, Bitsharescrude has decided to take advantage of its own stake pools by offering the following stake and earn reward programs;
1. CRUDE.LVCNY/CRUDE.STHLP
Stake bitCNY and CRUDE.LVRG to earn CRUDE.STHLP(STH/LVRG) tokens monthly. To be eligible users must hold @ least 10% of the total supply of the CRUDE.LVCNY asset (APY: dynamic).
2. CRUDE.LPT/CRUDE.BTSP
Stake bitCNY and CRUDE.NGN to earn CRUDE.BTSP(BTS/NGN) monthly. Users must hold 10% of the total supply of the CRUDE.LPT asset to be eligible (APY: 6%).
3. CRUDE.BTX/CRUDE.TRDDEFI
CRUDE.BTX is an FTX like instrument that follows 1.5 times the daily price change of BTS. Hold a minimum of 100CRUDE.BTX tokens and be in the top 100 holders to be eligible for CRUDE.TRDDEFI (BTS/LVRG) weekly airdrops. (APY: 144% CAPPED @ 1,000,000CRUDE.BTX).
All other promos have been cancelled to facilitate the success of this three promotions.
The CRUDE.BTSP reward promotion is aimed at bringing CRUDE.NGN back to its initial pegged value of 100CNGN/CNY, once this is achieved, the promo will be reviewed. While the others are aimed at improving adoption of the CRUDE.LVRG asset as a model brand cryptocurrency on Bitshares and have been set up to continue for the forseable future. Users are encouraged to try out the liquidity pools at this early stage where there is less competition.
All the funds for the reward are gotten from the profits from market making, liquidity pool swaps and personal finance, users can follow reward progress on https://fund.bitsharescrude.i.ng.
Since we are in the era of liquidity pool staking on the bitshares DEX, Bitsharescrude has decided to take advantage of its own stake pools by offering the following stake and earn reward programs;
1. CRUDE.LVCNY/CRUDE.STHLP
Stake bitCNY and CRUDE.LVRG to earn CRUDE.STHLP(STH/LVRG) tokens monthly. To be eligible users must hold @ least 10% of the total supply of the CRUDE.LVCNY asset (APY: dynamic).
2. CRUDE.USDTLP/CRUDE.STHLP
Stake XBTSX.USDT and CRUDE.LVRG to earn CRUDE.STHLP(STH/LVVRG) monthly. Users must hold 10% of the total supply of the CRUDE.USDTLP asset to be eligible.
3. CRUDE.BTX QUARTERLY BUY BACK
CRUDE.BTX will have a quarterly futures price which is dependent on the trading performance of bitshares and market fees generated from CRUDE.BTX and CRUDE.LVRG every quarter starting from 20th September. The contract wallet is crude.btx-account an initial settlement price has been set to reflect the last quarter performance based on supply and income generated.
All other promos have been cancelled to facilitate the success of this three promotions.
Users are encouraged to try out the liquidity pools at this early stage where there is less competition.
All the funds for the reward are gotten from the profits from market making, liquidity pool swaps and personal finance, users can follow reward progress on https://fund.bitsharescrude.i.ng (https://fund.bitsharescrude.i.ng).
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New Roadmap ahead of 2022
The year 2021 is over, but it hasn't been good for the project so far, a series of losses, poor funding and low user base, has hampered growth of the CRUDE franchise, however what's started must be completed, I cannot stop now over a few challenges, I'll use my experience to improve the project moving forward.
One very effective strategy that has worked for me so far is the airdrop campaigns, which is what I'll focus on more next year.
I'll also diversify whatever I invest to the project, some funds will go to external farming projects, to see if the fortunes of CRUDE can improve. Money made from the farms will then be invested into the project.
With that said here's how 2022 could look like for this project:
1. Airdrop Campaigns
At least one airdrop every month 10% of what is used to pay lenders will be set aside for the airdrop.
2. Yield Farming
Our focus for external farms will center around pancakebunny and multiverse capital but if more fund is generated we will expand our reach in order to maximize the potential of the project.
3. CRUDE swaps
Every month there must be at least 10million LVRG tokens swaps across all pools.
4. CRUDE.NGN
Our Stablecoin has performed so badly this year dropping to an all time low of 3million per dollar. Because of this a new strategy has been developed to combat this terrible performance. Most of the supply about 9.99trillion has been sent to abit to manage, he has more resources so hopefully he will put the asset to better use in the future. The remaining one has been divided with most of it sitting in liquidity pools to preserve the current price. The NGN is now pegged at 1.5million/$ in current market conditions and this value is reflected in the Stablecoin pool I created recently and also on the order books.
5. More Pools
Liquidity pools are the main drivers of the CRUDE franchise, they are the main attraction and the reason why I'll still go on with the project, so far close to 20pools have been created, a few of the pools have been successful so far while others have not. I'll work on creating even more pools in the future in order to entice as many prospective lenders and farmers as possible. The pools am targeting will not be mentioned but hopefully by the end of 2022 we should have at least 2-5 more liquidity pools.
6. Marketing
Marketing is a major problem right now as the current market climate is very competitive, lenders are more likely to go to other projects that have high reputation and offer better incentives than I can offer, hence the reason for setting up the 300% APY LVRG reward program which I hope to run throughout next year, with this figure lenders are more likely to be encouraged to lend to our pools, however the reward slots are limited due to the fact that payments are processed manually, so it will run on a first come first serve basis.
We also have the 125million distribution program for stakeholders who have above 2million in their wallets and the 120% BTS reward for holding STAKELP tokens.
These three campaigns have been very successful so far and will continue to be the focus campaigns of the project.
From time to time efforts will be made to promote the project on social media outlets so that new users can come. I'll will focus on keeping the community I have now at all cost and then building on it hopefully by 2022 the project will get better.
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(https://crudefinance.site/wp-content/uploads/2021/12/png_20211227_112625_0000-1024x512.png)
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Here's a progress Update
We have reached 1million CLVRG in User Issued Income and the current valuation means we are currently @ 5% from achieving our first payout cycle.
https://gyazo.com/84e99eb25ff2793855e3e9f0495fd432
What happens when we reach 100%?
At 100% the ROI for our payout will reach it's true value i.e 300%, 120%, etc. Let's all work to achieve this, it's easier now as the UII is at 1million a valuation of 0.001BTS can help us achieve that a 1900% increase from current price, which is so easy to achieve if we all work together.
Here's the payout schedule of some of the pools for January.
https://gyazo.com/f55ed6a2fdc8a02e4439b0f32625b2eb
https://gyazo.com/303a368853f549f4612aa79c0679ef10
https://gyazo.com/161ebf7cab842461bfe451685296f387
We are currently midway into payouts for January...
The payout schedule for our 125million tokens distribution has also been changed to hasten the process, here is the current layout...
https://gyazo.com/79ada6bd6314205f8180e1db8341d3c0
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The CRUDE FINANCE INFRASTRUCTURE has been on Bitshares for over 2 years now and despite the challenges it is important to think long term currently.
As of today CRUDE.LVRG Liquidity pools are still functional and work as is... despite the poor interest and low capital flow.
There's currently available 50million CLVRG tokens available to borrow at 7% (rates may change) to boost the Liquidity pools.. The current acceptable collateral is Bitshares.
Our stablecoin asset CRUDE.NGN has been adjusted to attract investment, it's original function was for P2P trading however it can still serve as an investment. The market fee has been reduced to 0.01% and the value has dropped to 5bn per $ in order to attract interest, 500bn has been made available on loan for users who would like to experiment with it's market, it has two Bitshares liquidity pool users can stake to, total value of the asset currently is $2000. The target is to inflate its total supply to 10trillion both liquidity pool and market trades, this would help to decentralize the asset and complete it as a decentralized stablecoin asset.
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We have a website just a temporary one for now
https://bitsharescrude.wordpress.com/
Still works
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The following have been readjusted
CRUDE.LVRG
Taker fee 0.2%
Market fee 0.1%
%LTM/REFERRAL FEE 30%
CRUDE.NGN
No Taker fee
Market fee 0.1%
%LTM/REFERRAL FEE 80%
The adjustment is meant to increase interest in the assets and create demand.