SmartBCH is a revolution that allows Bitcoin Cash to penetrate the unexplored market niche of DeFi. It can't instantly create odds of overperforming in the market, but will slowly increase BCH performance.
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We had today an event with a hacking attempt in noise cash with hackers using some excessive methodoly with tens of thousands of IPs testing passwords in an attempt to hack users accounts. What these hackers managed was to earn $1.5 per hour for all this efford and will also be under an investigation that could find leads to their whereabouts.
We know that some governments even have state run hacking squads but I doubt the Chinese or N. Korean hacking squads were interested in noise.cash.
Well, noise cash is now up again and the nuisance the hackers created seems it didn't create damage but the developing team dealt with them perfectly.
A great success for noise.cash and congratulations on the handling of this incident!
Top10 MarketCap.Cash SmartBCH (SEP20) Tokens list!
The top 10 list sorted by market capitulisation for the day can be found from MarketCap.Cash!
The top 10 always contains Bitcoin Cash in the first place, since BCH is the thrust that propels this market and SmartBCH is based on using Bitcoin Cash for fees.
This is the top10 sorted by market cap terms. It can change easily and since we are still at a very young stage of this market, it gives only a slight indication on what to expect.
I presented the top10 for one reason: It will become more valuable as an indicator later. Right now the best indicator is the market liquidity provided by holders of the tokens, which is also how MarketCap.Cash sets its home page.
DeFi Indicators
Liquidity gives us a better impression on those tokens that have more investors using them in DeFi and some top indicators DeFi investors use are:
TVL (Total Value Locked): More or Less to explain if a DeFi protocol has enough funding to excuse the risk we undertake.
Fees Paid : This gives us the indication of volumes, interest and use of the DeFi protocol. SmartBCH burns BCH for fees. We can use this chart to find out about fees in SmartBCH: https://bitbox.ee/alexandria/index.html
P/S (Price to Sales Ratio): For DeFi this is: MarketCap divided by collected fees. It is mostly a stock market indicator, and for any DeFi platform it has to be examined according to the different features offered. (flash loans for example).
MarketCap/TVL Ratio: This is one of the best indicators that we can count on, although should also be considered according to the type of DeFi we are looking at (Automated Market Makers like Balancer (AMM) or "order-book" DEXs like 0x and IDEX), and the services they offer.
Well, these indicators can be used on EBEN probably, since this is the only pure DeFi project we have today, but always with research on many other essentials before investing.
(Also good read in this website).
To conclude
Overall, the SEP20 SmartBCH tokens market is moving better than I expected and this is because of the developments and everybody is trying to help in any way possible. We have some tokens that we put trust in the communities and some are well known devs. This can also help by having a tokens value backed by the trust in the person (dev) behind it.
This is how some DeFi managed to reach to the high valuations they have today, since they were backed by influencial personalities like Vitalik.
I don't know if there will be DeFi projects worth billions of dollars in SmartBCH, this is something that will take time, Rome wasn't build in a day. So don't get discouraged, there will be some opportunities and some failures like in all fields.
For the time being we can have fun and enjoy some tokens and the market how it is, but with the aim to change for better and develop distinctive and exceptional platforms.
Glad the damage was minmal. noise.cash will rise and shine even more.