[ad_1]
The year 2018 was not favorable to the wider market of cryptocurrencies. It's no secret that Bitcoin has dropped more than 70 percent, while other cryptographic resources, such as Ethereum, XRP, and others, have experienced similar or even more severe losses. With this slowdown, cryptocomputer investors have lost a lot of capital. However, a pseudonymous and somewhat mysterious industry participant managed to generate a six-figure profit during a wider bear season.
Related reading: Crypto Fund: "Antifragile" Bitcoin takes advantage of the chaos
Cryptography enthusiast earns $ 100,000 on Ethereum DApp
The Ethereum user, known only by a string of 40 digits and letters, would have a score above 856 ETH, currently valued at just over $ 100,000 (value a lot earlier earlier). While this figure is already staggering in itself, the strangely accurate diviner got the $ 100,000 in 177 deals, which averages $ 564 per prediction.
But how has the user generated such economic profitability?
According to Kevin Rooke, a Canadian researcher in the field of cryptography, who quoted data from programmer Mike Mcdonald, the trader accomplished such a feat via Augur, an Ethereum-based DApp that facilitates predictions of all kinds. By previous reports of NewsBTCThe long-awaited project, which led one of the first successful coin offerings, kicked off its offer in mid-July to the great clamor of the media.
A trader Augur made a profit of over $ 100,000 (856 ETH) through 177 transactions.
This address has generated nearly 50% of all profits made by Augur.
Perhaps the first person in the world to qualify as a "full-time omen". Http://t.co/UIXoG1yogm pic.twitter.com/WS0Uh3kkz2
– Kevin Rooke (@kerooke) January 24, 2019
Yet, just six months later, the fashionable train around the platform, which, according to the optimists, would revive Ethereum, derailed. In fact, the aforementioned merchant made about 50% of all "profits made through Augur". Rooke joked about the fact that the Ethereum user is probably the first person who can "claim the title of" full-time omen "." For a project that Reputation (REP) with a market capitalization of $ 154 million, cynics claim that cumulative profits of $ 200,000, even during a long bear season, are at best mediocre and at worst dismal.
However, this lack of volume related to Augur could change with the advent of a new offer focused on the prediction, openly supported by the confirmation of the crypto risk group 1.
Veil can strengthen Augur adoption
Veil, a platform for prediction and peer-to-peer products using Augur & 0x smart contracts, badociated with the Ethereum blockchain itself, was launched on Jan. 15. According to the company's blog on this topic, Veil will be able to support a number of exciting markets, including decentralized 5x decentralized crypto-currencies, gas futures and Ethereum hashrate and Grin trading.
The parvenu, who is not so different from Augur, wants to bring "a dominant integration of peer-to-peer markets". As the company's co-founder, Paul Fletcher-Hill, wrote:
"We are anticipating a not-too-distant future when millions of people will create and trade in millions of markets. And we are excited to finally launch Veil on Mainnet and bring this future closer together. "
A few days later, Veil, along with his venture capital war chest, acquired Predictions.Global, a provider of encrypted statistics, for an undisclosed figure. It seems that Veil has started CPR in Augur, but will the costly emergency efforts of the finish be successful?
Featured image of Shutterstock
[ad_2]
Source link
