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SmartBCH News: MistSwap Launched!, KTH moves liquidity - NFTs: Poolside Puffer - Wagon.Cash

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Written by   159
1 month ago
Topics: SEP20, SmartBCH, Defi, NFT, Crypto, ...

Today we have developments in many SmartBCH fronts and after all these exciting events, I've also noticed Bitcoin Cash chart having bullish signs that could translate to a wake up call for traders and investors.

Maybe the SmartBCH news helped to this, since we have today major events to analyze.

A new DEX, MistSWAP and a new NFTdrop by Corbin Fraser, add to the positivity of October.

mistswap.fi

We also watch some changes in liquidity but word on the street is some SEP20 tokens are migrating to MistSwap, so the pressure is limited. EBEN price was also affected by this. It was down to $0.60 but has since found support and recovered getting back to $0.8.

MistSWAP - A New Era in SmartBCH DEX begins

As always I have to warn everyone to be very careful with any Defi project for reasons of historical rag pulls and failures.

MistSwap has found support by Knuth and ARG. Already Ian Blas has announced ARG liquidity in MistSwap is at $85k and yield farms seem to be on extreme numbers right now.

Now look. I have seen these APR before and it is extreme. Possibly this yield is there for a beginning level to provide a maximum risk to reward ratio. I am only writing a short review here, numbers of 60,000% interest yearly is too much and bring up a lot of questions.

Then, there should be a contract audit. Yes, even audited contracts will have bugs and can be exploited, we are talking about the basics though. We are not DeFi programmers so we don't know if the code is risky or not.

NFTs Land on SmartBCH - Catch a Poolside Puffer!!

I talked about LawPunks previously and a new NFT project has landed on SmartBCH today, after it was announced by Corbin Frasser at Twitter.

The website is user friendly and every action takes only a few seconds to finish. It is funny and cute NFTs and all the funds received by the contract will be allocated as a donation to a Vietnam Orphanage. Bitcoin Cash can be used to give something back to those in the world that are in need at times like this, where chaos and confusion reigns.

I am extremely happy to see a new NFT pool created, and hope that it will be emptied very soon. I also plan to alocate some funds in this, and each mint is cheap, at 0,0035 BCH.

Wishing success to the project since it has solid foundations and can become big with time.

Wagon.cash

This is a service website, a bridge offering transfer of BCH between Bitcoin Cash blockchain and the SmartBCH sidechain back and forth.

Smartoshi Cashomoto has a video at Youtube that explains how to proceed with the transaction: this is the link if you want to learn how to do it.

It is good to have more options to send our BCH to SmartBCH network as except this one, we only had Coinflex until lately. Coinflex is also a good exchange that offers this transfer at very cheap fees.

Finally

I feel that we have reached a point when daily news on SmartBCH developments and projects are this many that one post can't cover.

And this means the market is evolving fast and growing rapidly, in terms that we will not believe when we see them. I think that in a couple of months we will be waking up to some astonishing news of SmartBCH adoption by huge crypto and DeFi projects.

We are in good terms today and I keep telling to enter positions and diversify to reduce risk and increase profitability. As investors we don't want all our eggs in one basket, as many analysts explain. We want to have risk alocation and to not let opportunities slip.

Hope that everybody will be in a good mood from now on, since the market recovers, Bitcoin Cash is again rising and we are about to experience a SEP20 market boom.

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Written by   159
1 month ago
Topics: SEP20, SmartBCH, Defi, NFT, Crypto, ...
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Comments

Thanks for this article. I noticed that the rewards in Mist are going down as it establishes, so I think it's good. I was worried with 5K, and you here four days ago have a lot more. Also, I didn't know of wagon. it still looks a bit rough around the edges but it's great that it exists. Coinflex is half centralized and it asks for KYC after US$ 10K in transactions.

$ 0.01
1 month ago

Thank you for this additional information @Elearah. It is important and the reason we should be reading all comments.

$ 0.00
1 month ago

For BCH sky is the only limit...

$ 0.00
1 month ago

There is a lot more to see ahead of us; 600 is simply too low for this coin

$ 0.00
1 month ago

Wao....good article...keep it up good efforts...Ma Sha Allah u have earned 23$ Waooo only in one article ...and I have earned only 0.55 In three article😐😥😥

$ 0.00
1 month ago

I was quite late for a day on this, but it's still early I guess. It's good that more are coming in the SmartBCH network

$ 0.05
1 month ago

It is getting difficult to report everything the last few days, there are so many developments and upcoming tokens that I can't even catch up with!

$ 0.00
1 month ago

It's okay :) We cannot chase everything. It is still great that you get the time to share some here, thank you

$ 0.00
1 month ago

apparently, there are a lots of shitcoins out there today which i believed must have affected bitcoins rapid growth other than what we have experienced since it's genesis. but ofcourse! these releases makes the crypto world fun. looking forward to read the NFTs whitepaper and see how far i can go with it also.

$ 0.00
1 month ago

apparently, there are a lots of shitcoins out there today which i believed must have affected bitcoins rapid growth

I don't really understand the point you are trying to make with this statement, my friend. You are talking about Bitcoin (BTC)? In any case, what are the shitcoins you are reffering to? This is a term used by Bitcoin Maximalists, and while we have many coins and tokens that are useless, this is still an overused term, in my opinion. You can't call shitcoin a blockchain that is scaling and exploring new avenues, like Bitcoin Cash is doing. I don't know if this was the point you were trying to make.

$ 0.00
1 month ago