YIELD App | APY up to 12%! The second batch of Bitcoin funds will be deposited in a limited time; at the same time, the annualization of ETH USDC USDT will be increased

The Bitcoin (BTC) fund of the YIELD App was launched in early July and received a good response in the community. The demand for subscription was once in short supply, so the second batch of BTC funds was opened for users to continue to invest.

For users who missed the fund last month, it is definitely an excellent opportunity to invest-you can obtain a market-leading annualized rate of return of 12% through the world's largest digital currency, Bitcoin. However, the base amount is limited. Based on the "first come, first served" principle and the experience of the previous batch of subscriptions, if you want to buy as soon as possible!

The second batch of BTC funds in YIELD App will be reopened last Friday at 07:00 UTC on August 20th and will be open to all users from level 1 to level 5. The deposit is as of this Wednesday, August 25, 07:00 UTC, but if the deposit reaches the upper limit of 500 BTC before this time, it will be closed in advance.

In order to allow more users in the community to participate, we have also reduced the minimum investment amount from the first 0.25 BTC to 0.03 BTC (calculated at the author's deadline, approximately US$1,405). You may not have thought that earning passive income through BTC can be so simple and easy.

The expiry time of the second batch of funds and the first batch are both on October 10 (Sunday). The rewards paid in BTC will accumulate during this period (YLD rewards can be redeemed into the wallet at any time), so investors cannot redeem funds before the end of the lock-up period; if you need to withdraw funds, you need to submit an application, and the team will consider it according to the situation.

Open again in response to the needs of the majority of users

Based on the first 72 hours of opening (July 8 to July 11), the first batch of bitcoins will be open to Tier 5 members (that is, Tier 5 users with more than 20,000 YLDs). Once launched, the subscription situation was very hot. The subscription amount in the first 24 hours reached half of the total amount (250 BTC); the average user deposit was 1.2 BTC (valued at US$42,000 at the time).

(Basic data of the first batch of Bitcoin funds)

The final data shows that Tier 5 users deposited a total of 427 BTC during the opening period. When the second phase was opened to all users, the upper limit of 500 BTC was reached early before the deposit deadline. Therefore, this time the second batch of funds are opened, we also look forward to seeing the same strong demand, and we look forward to the participation of new and old users.

When YIELD App launched the Bitcoin fund for the first time in July, it said that it would consider whether it would reopen the fund's subscription based on user needs and market conditions. Fortunately, we will accept another 500 BTC in the second batch if the current conditions permit; this also doubles the total custody of the fund to 1,000 BTC.

Investors who have gone through the full lock-up period will receive their original funds and interest at the end. The user who initially invested 1.2 BTC will receive a reward of 1.218 BTC plus approximately 150 YLD.

The reward structure of YIELD App's "token multiplication" makes BTC funds very attractive to long-term Bitcoin holders, and now they can earn additional passive income from this digital asset during the holding period. The superior APY of this fund can not only help investors seize more upside opportunities when the market is booming, but also can "buffer losses" to protect the investment portfolio during downturns.

Higher USDC, USDT and ETH annual yield

The reopening of BTC funds is not the only good news in this wave! The current favorable market conditions also enable us to increase the annual rate of return for stablecoins and Ethereum funds.

The same time as the opening of the BTC fund, starting at 07:00 UTC on August 20, the annual yield of USDT and USDC funds will also be raised from 10% to 10.5%, and ETH will be raised from 6% to 6.5%. Both the stablecoin and Ethereum investment strategies have maintained market-leading returns, with annual yields of 20.5% and 16.5%, respectively.

In this regard, we are happy to increase the annual rate of return so that users can earn more interest as the market rises. The YIELD App team has been paying close attention to the ups and downs of the market, so if conditions permit, we will increase the rate of our investment strategy as much as possible, so that users can get more benefits.

The development of the digital asset market is changing with each passing day. A few months ago, everyone just experienced a severe downturn, and now the market is gradually recovering-not only the currency price is gradually rising, the market sentiment is also becoming more and more positive.

Regardless of the market conditions, YIELD App’s strategies can help users make the most of their digital assets while avoiding some of the risks associated with cryptocurrency during the participation process. We always look forward to and welcome new and old users to join our DeFi journey, invest in our competitive strategy, and help them achieve their financial goals!

[News]Red Velvet Joy broke in love? Male singer Crush Ai Miao began to sprout in 520 last year!

Red Velvet Joy has a passion for Crush, a 5-year-old male singer. Picture/taken from instagram

After more than a year of development and rest, the women's group RED VELVET under SM has finally returned with all members and released the 6th mini album "Queendom", once again becoming the summer queen of this year with a brisk brainwashing melody. Among them, Joy, who is "sexy", was recently pointed out by the "Korean Sports Daily" that his interactions with R&B singer Crush, who was 5 years older than her, surprised fans.

After experiencing Wendy's injury and captain Irene playing big names, the entire RED VELVET team returned to the stage with a strong return after a quiet period of nearly 1 year and 8 months. The live broadcast on the day of RED VELVET's return was refreshing, and after more than a year of precipitation, it became more feminine. During this period, Solo produced "Hello", won many beauty brand endorsements and HOGAN and TOD'S ambassadors Joy. More than ever, her die-hard fans are also paying for her hot and sexy. Joy not only has a great career, but also seems to have made new progress in her relationship. According to the "Korean Sports Daily", she is in love with R&B singer Crush, who is 5 years older than her, and may have been living together.

Joy and Crush collaborated on May 20 last year and released the song "자나깨나 (Mayday)" and filmed the MV. There was a lot of interaction at the time. Lovers. Crush, whose real name is Shin Hyo-sul, made his debut with the song "Red Dress" in 2012, and has since sang soundtracks such as "It's OK Is Love" and "Ghosts", and has won the Mnet Asian Music Awards for Best Male Singing Performance, creation The strength is obvious to all. Both Crush and Joy like fur kids, so it is reported that they like to walk the dog together when they are dating. Subsequently, the brokerage companies of the two parties responded that "the two were originally in a relationship between ancestors and ancestors, and they have recently begun to have a good impression and began to date", confirming the relationship between the two.

[Madman's Diary] Will the Fed Minutes tonight be a turning point in monetary policy?

Recently, the market has jumped up and down, the operation is relatively difficult, mainly due to the great divergence between longs and shorts. On the one hand, the money supply continues to tighten, and on the other hand, the data on the chain continues to support the bull market, making the battle between longs and shorts very difficult. It is fierce, and everyone can clearly feel the fluctuations in the near future, but there is no real direction. This wide-ranging trend is expected to continue. The United States will announce the number of unemployment benefits at 20:30 tonight, and the monetary policy minutes will be announced at 2:00 in the morning. At present, the expectation of shrinking the balance sheet is still very obvious. This has been reflected in the pre-market (down) trend of US stocks. Fed Brad said early in the morning that inflation may be higher in 2022 and will be forced to enter the anti-inflation mode. It would be a reasonable time to reduce debt purchases in the first quarter of this year and raise interest rates in the fourth quarter. It can be seen that the tightening expectations are coming forward, and it is expected that with the data tonight, there will be major fluctuations in the data, and the long-short competition will further escalate. See the specific analysis below, and wait and see.

Citibank’s chief foreign exchange strategist said that global central banks appear to be reducing monetary stimulus. Judging from the meeting minutes released yesterday, the Fed is also hinting at expectations for reduction this year. The madman also found a piece of data, in the past 4 years, the relationship between Bitcoin and global currency growth, to share with you:

We can clearly see that the currency growth rate and Bitcoin price are positively correlated, and we are still in the cycle of currency issuance. Whether this tightening callback can continue will determine the future trend of Bitcoin. Madmen believe that the big economic cycle has entered stagflation, so it is difficult to really reduce the release of water. After a short-term pain, continuing to rise is the most consistent result of the cycle and trend.

American legendary fund manager Bill Miller stated that he bought approximately $30 million in Coinbase stock in the second quarter of 2021, and said that he is optimistic about Bitcoin in the long term. The cognition of top traders must be much better than ours. People are still increasing their positions at a high level. What's so terrible about us.

Spinesmith Holdings, a German biotechnology company, began to hold Bitcoin for a long time and included it on its balance sheet. More and more institutions around the world began to hold Bitcoin. All positions below 60,000 will become the bottom range in the future. , Because the total amount of Bitcoin is limited, and the demand is growing rapidly.

The Minister of Finance of El Salvador stated that the use of Bitcoin is completely optional. Merchants can choose to accept or not accept Bitcoin. The U.S. dollar is still the main currency of El Salvador, and the Central Bank of El Salvador has issued a draft of Bitcoin-related banking supervision. I can feel that it is difficult for the people to accept Bitcoin as a legal currency. Therefore, the success of the Bitcoin experiment in El Salvador is more determined by whether Bitcoin can continue to rise.

MicroStrategy CEO stated that Bitcoin will become a $100 trillion asset class. Regardless of whether his judgment is ultimately correct, at least for now, he is one of knowing and doing, buying and holding bitcoins like crazy.

According to the data on the chain, holders above 100 BTC have reduced their holdings, while those below 1 BTC have increased their holdings. This is a mid-term performance of the bull market. At the same time, the inflow of Bitcoin in centralized exchanges has increased in the past two weeks, the price of the currency has fallen, the inflow has increased, and differences have occurred, which is in a good state.

The discount rate of GBTC fell to -16.56%, a record low in the past three months. It can be seen that many institutions have sold GBTC. When ARK reduced its holdings, madmen judged that GBTC would continue to fall, and ARK people did the same. Bands make money, not to give benefits. The recent market downturn is related to these band-making institutions.

As a result, the balance of Ethereum hit a new low, dropping to 13% of the total supply. At the same time, the amount of ETH2.0 locked up was close to 7 million. The relationship between supply and demand continued to improve, laying the foundation for future growth.

VanEck submitted an Ethereum ETF application to the SEC. Everything about Ethereum will not lose to the big pie, and the future can be expected.

Greed 70, has been unable to drop, is not conducive to rising.

Market analysis

Bitcoin：

In the early hours of the morning, Bitcoin pulled back the gains from last night. It is not ideal. Short-term 42,000 is a strong support. I am not sure whether there will be a chance to insert the needle before and after the Fed minutes is issued tonight. A sharp drop below 43000 is still a good short-term opportunity to increase positions. In addition, if the lower shadow line can be closed again this evening, it will be a relatively ideal form. Bitcoin's trend is full of uncertainty in these two days, and a big rise or fall is likely to be triggered. 48000 is still the key position for the long collection. Once it breaks through, the whole situation will change. Similarly, if 42000 is effectively broken down, the market will form a staged top. The madman overall believes that the bulls still have a slight advantage, and the final defeat of the bears is a high probability event.

ETH：

Ethereum has a certain degree of support at 2900, and funds are waiting to see the face of the big pie. There is no independent market, and linkage is the mainstay.

DOT：

Concussion is a relatively strong trend and can continue to be held.

XRP：

Short-term weak linkage.

LINK：

The bulls have collapsed, and it is difficult to reverse upward in the short term.

THERE IS:

We are still speculating about the expectation that the smart contract will be launched in September. When the time comes, we can see whether its ecology can be benchmarked with Ethereum. Buying in this position is speculation. The specific results can be seen after the landing. Holders can also consider taking half of the profit at a high position.

DOGE:

In the near term, linkage is the main focus, and the pressure below 0.4 is still great.

FIL ：

The recent volatility is dominated, the bulls do not have the ability to continue the independent rise in the market, and the selling pressure is quite large.

AXS：

The form has been carried back and forth, and there will be weakness behind the funds, and it is recommended not to participate.

SUSHI:

Step back on the support level, and whether you can get up later depends on tomorrow's performance.

AAVE:

There will be many public chains using it in the future. It is a good asset. The recent decline has been relatively large, so it can be avoided first.

SUN:

Continue the 5-day line tactics.

Some second-tier public chains have followed ADA and SOL out of the trend of supplementary gains, which are expected to be difficult to sustain, and it is recommended not to chase higher. The market is in a difficult period of choice, and wide fluctuations are the main tone. The end of this month will probably determine the trend of the next six months to one year. For a very important period of time, I hope that business as usual will bring us more wealth.

[Diary]Tell you a secret, how crypto will go next?

In the spring of 1975, the U.S. forces withdrew from the Vietnam battlefield. 46 years later, the U.S. forces withdrew from Afghanistan. Regardless of whether the Taliban regime can be stabilized or not, it has little to do with us. Now we should understand one thing. Repeating, is it accidental or inevitable? Will there be a similar future? The madman studied the big cycle in depth last night and discovered an amazing secret.

Anyone who has seen the Kangbo cycle knows that there is a cycle of about 60 years, and this time, the two withdrawals of the United States are just the iterations of a major cycle. Our era has entered a period of economic stagflation. What is stagflation? Just how much money is printed will not have a positive feedback on the economy. At this time, the money will flow into the virtual economy, that is, the stock market, commodities or gold. In the United States in the 1970s, there was a big stagflation. In the following years, the prices of various assets went up wildly, which also became a turning point in a new cycle. At the end of the article, the madman gave you a website. If you are interested, you can check it out for yourself. 1970 Years later, what happened in the United States. The madman here wants to draw a conclusion directly. The current crypto market superimposes the needs of the times, superimposes the economic stagflation cycle, superimposes the digital currency, and in the next few years, no assets will be able to outperform the cryptocurrency. This sentence madman You can pat your chest and put the words here. If the madman is still creating in a few years later, we can witness together. If you believe in the judgment of the madman, take the Bitcoin and Ethereum in your hand and wait for the miracle in a few years. happened.

Iran’s national tax regulatory agency proposes to legislate for legal cryptocurrency exchanges. The crypto industry has entered the process of legalization in Iran. Zf is still fighting for its own taxes, but this kind of country is barefoot and is not afraid of wearing shoes. Have the opportunity to complete the curve and overtake. The Indian side also said that India’s cryptocurrency bill is waiting for the cabinet to pass, and it is about to start supervision. Don’t look at the real economy, but the financial game is still quite good. The stock market is rising every day, indicating the financial situation. It is clear that cryptocurrency will also become an investment product in India, a populous country, and the army is about to rush in.

The Central Bank of Costa Rica is vigilant and tolerant towards cryptocurrencies, while leaving room for technological innovation, while at the same time making investors aware of the risks. This open attitude is worth learning.

Bank of America has given a neutral rating to Coinbase stock and believes that he is still far from becoming the Amazon of the crypto industry and is still in the early stages. A Binance’s annual revenue exceeds Nasdaq. It is also an exchange. The tradition is quickly overturned by the currency circle. These traditional financial analysts are still talking coldly and look down on emerging industries. This is really The collision between tradition and rookie is full of irony.

Similarly, the rating agency Fitch also warned Salvadoran insurance companies that the adoption of Bitcoin will have a negative impact on the credit of insurance companies, and the rating companies are not completely neutral. In the future, once cryptocurrency replaces the traditional financial model, Fitch may also become a victim. Objects of subversion, opaque things will eventually be replaced by blockchain technology.

JPMorgan Chase also said that there are signs of a bubble in Bitcoin investment, and they are more optimistic about the US stock market. These institutions have smelled the breath of risk. The cryptocurrency industry is developing too fast, with high thresholds, and work intensity and time are not comparable to traditional industries. It is normal for us to pay so much and make a little more money.

Cryptocurrency investment products have continued to flow out in the past six weeks, with a total value of 115 million U.S. dollars. This is the longest continuous outflow since 2018. Again, this is too little money and has little impact.

Investment giant Tiger Global bought $665 million in Coinbase stock. This company manages $79 billion in assets and spends nearly 1% on the allocation of crypto exchanges. These trends have become an unstoppable reality. Incremental funds will be in the future. Time will quickly come in.

Greed 72, not ideal in the short term.

Market analysis

Bitcoin:

48,000 did not pass, but the market showed strong resilience, meaning that it could not be adjusted. Remember the wave of 312. Many people thought it would be over after 60,000. As a result, the market abruptly pulled to 65,000, and those who got off the car had no chance. It’s the same this time. As long as the bull market continues, it won’t give those who have run out of the sky a good opportunity to get in the car. Since the market is not deeply adjusted at present, we are still thinking long and continue to buy and hold. The distance of 1 million bitcoins is only 30 times, and it takes minutes to go up.

ETH:

It is also unable to adjust, and there is a chance to continue.

DOT:

Recently it has been hyped up very fiercely, but compared with other public chains, it is not strong, and the 5-day line will be held if it is not broken.

XRP:

The weak are always weak.

LINK:

It's not broken, you can hold it.

ADA:

There is still some selling pressure in the front high position, and it is normal to adjust it. It is too difficult to directly go up.

ZEC:

Recently, the K-line has been moving quite steadily, and there is a chance to speed up.

AXS:

The income remains at 11 million US dollars a day, and the demand is still sufficient at high levels. It refuses to pull back and is expected to continue to new highs.

MATIC:

Acquiring Hermez and completing the L2 full expansion plan, Polygon basically dominates this track, and the leader of the expansion plan of Ethereum belongs to him and deserves it. Before the real arrival of Ethereum 2.0, his living space is still good, and how to transform in the future, let's take a look.

SUSHI:

Independent rise, just hold on the 5-day line.

AAVE:

The amount of locked positions exceeded 24 billion U.S. dollars, mainly locked in Ethereum, and 4.37 billion locked in Polygon. This coin is a very good APP (application) that can survive on any system (public chain). After all, people do global P2P, purely copy traditional finance, and use blockchain to reduce dimensionality to combat tradition.

SOL:

Recently, Afro series are very fierce, such as SRM, SUSHI, RAY, SOL, etc., this kind of rise can only be held along the trend, just watch it if you have no position.

The market's refusal to pull back is a strong signal for bulls. Consider picking up the discarded chips.

[News]What is NFT? Why is it popular? 3 minutes to learn non-homogeneous tokens lazy bag

What happened in March 2021? An NFT artwork sold for sky-high prices

2021/3/12, at Christie’s auction site, there was an encrypted artwork Everydays: The First 5000 Days. Until the last two hours of the auction, bidders continued to flood in, and finally paid 70 million U.S. dollars (approximately NT$1.9 billion). The astronomical price of yuan) hit the hammer, setting the highest price in the NFT art market.

This also allowed Beeple, the author of this work of art, to be promoted to one of the three most valuable living artists in the world. It also makes the world aware that the original purely digital works will replace physical works and become tools that can be invested and preserved in value.

What does NFT mean? When you read this article, first of all congratulations. This means that you have opened the door to the "coin circle" and are one step closer to investment opportunities. As for how to trade NFT products? Where to trade? You can refer to this article- NFT platform introduction .

Contents:
1 What is NFT?
2 NFT agreement ERC-721 / ERC-1155
3 NFT anti-counterfeiting, confirmation, legal

1 What is NFT?

First of all, Bitcoin (BTC) and Ether (ETH) that we often hear are homogenized tokens, and NFT is a non-homogeneous token. Let's take a look at the characteristics of these two terms?

-Fungible Token:

1. Fungibility: Each cryptocurrency has the same value and the same function. The BTC in my hand is the same as the BTC in yours. It can be exchanged at will, and it can be used for trading without a separate price.

2. Severability: Continue to use BTC as an example. The price of a BTC currently exceeds 1 million Taiwan dollars, but the amount at the time of transaction is often less than 1 Bitcoin. At this time, we can choose to trade only 0.1 BTC, or 0.00001 BTC does not need to be traded in integers and can be split infinitely, which is the divisibility of homogenized tokens.

3. Consistency: Due to the above two characteristics, it has the same recognized value as the legal currency used daily, but it does not need to have different denominations of legal currency banknotes. It supports split transactions and makes homogenized tokens usable for transactions. Good choice.

-Non-Fungible Token (NFT, Non-Fungible Token):

1. Not substitutable: Each NFT is unique and irreplaceable. For example, the master tape of Seiko Takahashi must be unequal to the master tape of the young actress who just debuted, nor can it be replaced by other actresses.

2. Not divisible: If the master digital file of Takahashi Seiko is a NFT token, this token cannot be divided into smaller units for trading, and the unit of each transaction is one, which means that you get this NFT people have a complete mastering of all parts of Takahashi Seiko.
3. Uniqueness: Due to the above two characteristics, the NFT of the "Takahashi Sage Master Band" also has anti-counterfeiting functions and is a digital collectible that can be circulated.

2 NFT protocol ERC-721 / ERC-1155

When I introduced the Little Fox MetaMask cryptocurrency wallet before, I mentioned ERC-20, which is the earlier token specification protocol of the Ethereum blockchain . For example, there are two tokens on the Ethereum platform that are issued with ERC-20. , The two tokens can be exchanged freely, and the tokens here refer to homogenized tokens.

What is Smart Contract?

In one sentence, a smart contract is a "special agreement that can be automatically executed on the blockchain". To put it bluntly, a smart contract is a string of program codes on the blockchain. When special conditions are met, it will be triggered to execute , Neither is smart, nor is it a contract, nor is it legally beneficial.

Since the code on the blockchain will not be tampered with, fully open and transparent, and will not stop operating, it means that no one can change the content and execution of the smart contract. The value of the smart contract is to provide better protection and enforcement for both parties to the contract. , Ethereum Developer Agreement ERC (Ethereum Request for Comments) is a smart contract.

What is ERC-721?

If ERC-20 is used to issue a general homogenized cryptocurrency, ERC-721 is the first standard protocol for non-homogeneous token NFT in Ethereum. Compared with ERC-20, ERC-721 has more diverse application scenarios. , Including games, intellectual property, physical assets, identification, financial documents, ticketing, etc. ERC-721 was created by Dieter Shirley, CTO of CryptoKitties, and is currently used in CryptoKitties, Decentraland and other projects.

The tokens issued through ERC-721 are non-homogeneous tokens, and it is ERC-721 that gives the non-homogeneous token NFT uniqueness. All digital assets: paintings, bonds, houses or cars, in ERC-721 Under the agreement, the security of ownership, the convenience of ownership transfer, and the immutability and transparency of ownership history can be guaranteed.

In addition to ERC-721 and ERC-20, the future development of blockchain will not leave another growing protocol ERC-1155.

What is ERC-1155?

At present, whether it is the homogenized token agreement (ERC-20) or the non-homogeneous token agreement (ERC-721), when creating a token, each requires their own independent smart contracts. For example, game developers may need to create thousands of token types. If the old independent token protocol is used, it will not only limit the interaction between tokens, but also consume a lot of resources on Ethereum.

Through ERC-1155, smart contracts can transmit multiple types of tokens at once. In addition to saving gas fees, multiple types of tokens can also be directly traded based on this protocol, without the need for individual tokens to approve different independent ones. Only after the contract can be traded, the interaction between assimilation tokens and non-homogeneous tokens can be directly carried out.

3 NFT anti-counterfeiting and confirmation

Because NFT has the above-mentioned uniqueness and inseparability characteristics, some areas of NFT are very suitable, such as artwork, games, electronic deposits, and identity authentication. In addition to the cryptographic confirmation of assets (asset identity confirmation) through NFT, the trust problem can be solved. On the other hand, traditional physical assets have passed such authentication, which greatly improves the liquidity of assets and integrates painting, calligraphy, sculpture and other arts. The products are stored on the blockchain in the form of NFT, which not only strengthens the anti-counterfeiting requirements of the collectibles, but also improves the efficiency of physical rights confirmation and transaction circulation.

Our conclusions about the future of NFT:

When it comes to NFTs, most people think of games, artworks, and collectibles. This is still a niche market, especially IP-type NFTs, whose value basically corresponds to the value of IP in the real universe. The valuable IP in the real universe naturally has the advantage of being easy to circulate and being accepted by the next buyer; the IP that originally had no value in the real universe may also end up with no buyer accepting it for 1 yuan. And when the price of IP-type NFTs has been hyped up to a certain extent, this type of NFT will lose its advantage in trading circulation.

NFT has unique attributes, allowing NFT to be more widely used in specific scenarios and services. For example, Yinsure Finance uses NFT tokenization for insurance services. Each insurance policy is an NFT token. In addition to holding it on its own, these tokens can also be used to trade on platforms such as Opensea and Rarible .