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Fabric Token, this could transform the blockchain space

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Once in a while we get really excited about the potential of a blockchain project.  We had this excitement for Cindicator, ICON, Block Collider and now Fabric Token.

Biggest deficit in the blockchain space is not capital.  It is the human capital.

There is way too much money and too much interest in the space, but when one goes to implement an idea in this space, it becomes evident immediately that there is a serious lack of talent.   When someone finds a solution to a big problem in any industry, they thrive.  Any solution in a ‘hungry for solution’ space will do wonders.

It used to be an herculean task to create a website in late 90’s and a decade into 2000’s.  Now, you can create a website in minutes with zero coding experience.  Blockchain technology doesn’t have to go through the same arduous and long wait to bring the technology to the people and businesses who can put it to good use but lack the technological background.

Fabric Token claims to be that solution for the glooming problem of blockchain talent.

Let’s see why we think this project, if executed, can be revolutionary for the blockchain space.

  • TokenGen
  • DApp Workbench
  • Fabric Store: Market place for smart contracts, addons, themes and solutions.
  • Team
  • Market cap and token economics
  • Competition and caveat

 

  • TokenGen:  One of their first milestones, TokenGen, has already been launched and you can try it live on tokengen.io. Dubbed as ‘ultimate smart contract creator for the token economy’, TokenGen is a web interface that helps users choose from set of pre-defined smart contract templates.

While the front-end user interface will be designed to be simple and easy to follow, the back-end technology will be thoroughly tested and extensively documented.

You do not need technical background to use TokenGen. This is a easy way to start you own token generation event with few effortless clicks.

This is a easy way to start you own token generation event with few effortless clicks.

Premise is simple for TokenGen. According to the whitepaper, Tokengen acts as a pre-designed template for smart contracts, that represent the necessary online operations and relationships that are needed between interested parties.

  • DApp Workbench:  Whitepaper explains that “While TokenGen will allow users to effortlessly create smart contracts for the most common elements of the token economy, DApp Workbench will target a more advanced development of smart contracts that facilitates designing intra and inter-organizational processes on a blockchain.”

DApp Workbench will allow the companies of varying sizes and individuals to create custom built solutions by making use of existing templates and facilitate further customization for specific needs.

Right now, such DApp platforms are limited to companies with vast resources. Fabric’s model of not requiring extensive programming knowledge on the user side will be a massive advantage over most of its competition.

Choosing Ethereum based smart contracts is a smart move since Ethereum is the industry leader in the smart contracts space and is currently widely used.

Because building a smart contract component into any process or framework will become easy and inexpensive with help of Fabric Platform, companies can decide a phase-in plan to introduce blockchain into their structure. This is yet another advantage of making technology available without too many conditions and rules, and inexpensive.

  • Fabric Store: Fabric proposed a market place for smart contracts, addons, themes and solutions. It is not only important to make a technology available, it is also important to make that technology lucrative for programming circles. Fabric Store is intended to be the place where talent comes to monetize.

Store will allow the programmers build custom smart contracts, themes, addons, layers and all will be blockchain stamped for the verification of ownership.  These creations are then readily made available on the Fabric Store for anyone to make use on DApp Workbench.

Fabric Store is intended to be the place where talent comes to monetize.

Blockchain talent on hire on a platform that requires blockchain talent to help customize contracts based on the needs of its users is a great proposition.

In one clean stroke, Fabric brings users, easy-to-use technology and key talent onto one platform.

  • Team: While we would have liked to see some flashy superstar name dropping in their whitepaper, we did not find any such flashy profiles. What we found is that all of the team members seem to be experienced.  We have not found any rookies on the team page.

 

Fact that they have already delivered on their first milestone of Roadmap gives credibility to their mettle.

While the team size is relatively smaller at the moment, with the ICO successfully completed, we expect that they will start adding strength to the team structure.

  • Market cap and token economics: As of this writing, Fabric Token’s market cap is around 2 Million dollars. This is important for investors because, if Fabric Token achieves what they are striving for and lands in top 100 spot, it would need it to reach at 140 Million market cap.  That makes it a 70x project.

However, if Fabric Token executes on all of its roadmap goals, then we expect to see this on Top 50 project list, at least.  That will put it at above 350 Million market cap making it a 175X.

Of course, these is our speculation and there are no guarantees in crypto space.

To use smart contracts on TokenGen platform, its costs about EUR 10 and has to be paid in FT. As the platform introduces DApp Workbench and Fabric Store, the utility of FT should grow.

EUR 10 is very cheap compared to other token starters platforms that charge humongous fees or cut in the funds raised itself.

If executed and adopted, Fabric Tokens will gain natural traction and demand.

  • Competition and caveat: As excited as we are about the potential of an idea like Fabric, we are reminded the fact that it is still in its potential form. For any speculation to come to fruition in true sense, a project needs to turn potential into reality.

As excited as we are about the potential of an idea like Fabric, we are reminded the fact that it is still in its potential form.

When most ICOs are going for cash grabs, Fabric team has showed restraint during the ICO by raising only 2 million dollars and also allowing for maximum number of community members to take part. This is a good indication of team’s intention.

As a general rule, we at QRIP group lean toward projects that do not cash the hype by exorbitant pre-sales, no limit participations and starting gas wars.

When looked separately at each of the offerings that Fabric proposes, they don’t look like ground-breaking ideas, there are quite a few on non-blockchain space and on blockchain space. However, when you bring them onto a single platform, it starts to make a whole new sense.

 It all boils down to one thing. Can they deliver?  If they do, this project could open flood gates of innovation into blockchain space.

Then, Fabric Token will not only “Transform Ideas into DApps” it will transform the way world views and uses blockchain technology itself.

Project: Fabric Token (fabrictoken.io)

Symbol: FT (please always double check symbol)

Price today: 0.085 $

Trading on: IDEX

Buy price: visit QRIP page to view

HODL period: visit QRIP page to view

HODL gain anticipated: visit QRIP page to view

Whitepaper: https://fabrictoken.io/media/Fabric-Token-Ecosystem-White-Paper-EN.pdf

CryptoTapas is an initiative of creators of QRIP group. It’s FREE to join.

Do your own research before investing. Crypto space is very volatile, don’t invest more than what you can afford to lose. Opinion, not an advice.

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CryptoSpace

Crypto Roundup: All Your YouTube Influencers in One Place

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Crypto Roundup

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place.    

Worried about missing updates from your favorite YouTube crypto influencers?  

Welcome to the Crypto Roundup.  

On this page, we will post a quick summary of the videos from some of the most popular YouTube crypto influencers.

Ivan on Tech  Altcoin Daily

Crypto Zombie Box Mining

Ellio Trades Lark Davis

Data Dash Bitboy Crypto

MMCrypto Chico Crypto

Altcoin Daily

Video title: Bitcoin Will Be OVER $20,000 By Christmas 2020! BIGGEST WEALTH SHIFT OF OUR LIFETIME! Cryptocurrency

Date: 19-Nov-20

  • World’s biggest wealth shift of our lifetime is happening right now and no mainstream media is talking about it, except CNBC.

  • Preston Pysh predicted on August 26th that: “Bitcoin should be reaching its all time high by Christmas.”

  • If you are looking to buy a dip, there may not be one.
  • Ricardo Salinas Pliego, a mexican billionaire, has just revealed that 10% of his liquid assets are into bitcoin.

Lark Davis

Video Title: STOCKS HIT NEW HIGHS! WILL COVID VACCINES LEAD TO MEGA PUMP IN 2021? [Are You Ready?]

Date: 19-Nov-2020

  • Stock markets and bitcoin pumps higher on the news of the second successful covid vaccine.
  • There could be more chances for the new stimulus. Means more inflation, more debt and simultaneously pumps stocks, gold and bitcoin.

Crypto Zombie

Video Title: BITCOIN $18.5k TOP!!?! DON’T BE FOOLED!! HODL FOMO BEGINS!!! $TRILLIONS FLOOD!!

Date: 18-Nov-2020

  • Overall sentiment of Bitcoin has changed drastically from ICO craze in 2017 to a time where people are FOMOing to own more bitcoin.

Ivan on tech 

Video Title: BIG WARNING TO ALL HODLERS!!!!!!!!! DO NOT GET REKT!!! BITCOIN $18,500 REJECTED – NOW WHAT?

Date: 18-Nov-2020

  • Ivan expects bitcoin to shoot past $20K resistance before end of this year, giving it 85% probability

Chico Crypto

Video Title: World’s Most Powerful Turn BULLISH on BITCOIN

Date: 19-Nov-2020

  • All those who hold big bags of Bitcoin will come out of the shadows to talk up the Bitcoin rally, a $20K bitcoin could be on the cards before the end of this year
  • Ethereum mining could act as a big catalyst for Ethereum’s price
  • Big companies like google could play a bigger role in mass adoption of crypto

Let the FOMO begin…

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

Continue Reading

CryptoSpace

Lessons from the Veteran HODLERS to the Newbies!

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Lessons in Crypto

For all those who entered the crypto market after the 2017 bull run – here are few lessons from the HODLERS from the last bull run(s).

This is our attempt at making all you newbies aware of the mistakes veteran cryptoers did.

Let’s get started…

Don’t FOMO in to all the hype

FomoIt’s hard not to FOMO in crypto.  The trick is to make sure you don’t lose your shirt in crazy bets.  Always limit your bets to what you are comfortable losing.

The common ways you can become victim of FOMO are:

  • Following your favorite YouTuber without actually doing your own research on the project.
  • Investing into projects at the top.
  • Believing in promises of 100x or 1000x without any substance behind those claims.

HODLing far too long

Remember why you are into crypto – to make the money.

Never fall in love with your crypto, and HODL the tokens even when they are 10x and more.

Have a strategy to take your capital out before you become a HODLer.  

If you believe the project really has what it takes to go beyond 100x and more, just sell in instalments so as to not miss the ride.

One of the best ways to HODL is to take your capital in full and profit in tranches.

This rekt story will give you a right perspective of what it looks like, it’s one of many:

Don’t put all your eggs in one basket

Never go all in on one project. No matter how strong the project may look, even the projects with strong fundamentals don’t do well sometimes. 

And, you will be kicking yourself watching other projects go up and your portfolio just doesn’t seem to make a move.

And don’t over do it and have a portfolio with over 100 projects either. It is very difficult not to have invested in more than 15 projects but anything less than 20 is a good way to go, in our opinion. 

Put aside the share of Profits for Taxes.

One way you can get a good night’s sleep is by paying taxes. 

Always keep a habit of putting aside a % of your profits in USDT or other stable coins, as a reserve to take advantage of market volatility and also to meet your tax obligations. 

Exchanges are more evil during bull run

Foreign ExchangesDon’t trust exchanges. Yes we already know that, but they play more games during bullrun, some intentional and some technical. 

Many exchanges tend to go under maintenance when the prices shoot up too high too soon (Coinbase?), and you can’t sell. 

And the shady exchanges scam out before you know.

Regulators seem interested when the market cap of these projects goes through the roof, which then adds FUD around the project crashing the prices.  

Exchange may freeze funds pending investigations when such issues arise.

Take for example OKEx. Users are unable to withdraw their assets from the exchange for almost a month now, not certain if they ever will, and all that started with the legal dispute.

Never fall for Arbitrage gains

Arbitrage is when you buy in one exchange at a lower rate and sell on the other for a higher rate to take some profits. 

Some shady exchanges show a lot higher prices than the other genuine exchanges and when you deposit your assets to sell at those prices there won’t be actual volume to execute the trade. You may be stuck with either a high fee for withdrawal or other funky rules to take your own money out. 

Remember, there is no free Giveaway

Free CryptoScammers rise with the rising market.  

When the crypto market buzzes with all time highs – scammers cash in big time on newbies.

The most lucrative scam in crypto is ‘Free Giveaway’. Whether it be through YouYube ads or discussion groups and wherever they can get your attention.  Read this article on various sophisticated scams that are being deployed.

We hope these lessons help you through your trades and crypto life.  Stay safe and always DYOR.

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

 

Continue Reading

CryptoSpace

Crypto Roundup: All Your YouTube Influencers in One Place

Published

on

crypto news

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place.    

Worried about missing updates from your favorite YouTube crypto influencers?  

Welcome to the Crypto Roundup.  

On this page, we will post a quick summary of the videos from some of the most popular YouTube crypto influencers.

Ivan on Tech  Altcoin Daily

Crypto Zombie Box Mining

Ellio Trades Lark Davis

Data Dash Bitboy Crypto

MMCrypto Chico Crypto

Altcoin Daily

Video title: The United States Just Brought Bitcoin into the National Conversation!! | Cryptocurrency in 2021

Date: 16-Nov-20

  • Former National Treasurer and the new US Senator Elected, Cynthia Lummis, said Bitcoin fits the bill as a good store of value as it is finite and limited, unlike the inflationary fiat currency.

  • Grayscale adds over 7000 more bitcoin in just the last 24 hours.
  • Just over 16% ETH staked for ETH 2.0 launch on Dec 2 2020.
  • Bitcoin Cash hard fork takes place tomorrow.

Crypto Zombie

Video Title: WARNING!!! BITCOIN 2017 BEAR FRACTAL RETURNS!!! BTC WORST CASE SCENARIO…

Date: 14-Nov-2020

  • Institutional money starts flowing into bitcoin.

  • Paypal goes live with its crypto trading platform for eligible customers. They have also raised the buying limits from the initially set $10,000 to $20,000 per week.
  • DIA, an DeFI Oracle provider, integrates with Polkadot.

Ivan on tech 

Video Title: BITCOIN WILL DO SOMETHING INSANE THIS WEEK!!!! -30% DUMP AHEAD vs $20,000 PARTY – Programmer

Date: 16-Nov-2020

  • Bitcoin could make a big move this week, either hit 20K or we may see a 20% to 30% drop
  • Chainlink partners with Etherisc to deliver agricultural insurance in Kenya.

Ellio Trades

Video Title: UNLOCKING $100 TRILLION? This low cap gem seeks to bridge CeFi and DeFi

Date: 15-Nov-2020

  • DeFI could be similar to the ICO craze in 2017
  • Low cap gem: AllianceBlock
  • AllianceBlock is bridging the gap between DeFi and CeFi
  • AllianceBlock Partnership with Orion Protocol and Chainlink.

Chico Crypto

Video Title: WARNING! An “EVIL” Entity Wants Control of BITCOIN…

Date: 15-Nov-2020

https://www.youtube.com/watch?v=45Ac-5y2ofg

  • 90% of Bitcoin’s mining pools are controlled by China based mining pools
  • As the value of bitcoin goes up – there is a threat of push to ‘control’ the network from China
  • Binance is looking to push through the 50% mining share and Chico believes this could be dangerous

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place. 

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

Continue Reading

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