On-chain data shows Bitcoin miner reserve has showed a sharp spike recently, suggesting that miners are currently loading up on the crypto. Bitcoin Miner Reserve Shoots Up; Trend Of Accumulation From Last Year Continues As pointed out by an analyst in a CryptoQuant post, the BTC miner reserve has shown strong uptrend recently. This seems to be a continuation of the accumulation trend from the last year. The “miner reserve” is an indicator that tells us the total amount of Bitcoin currently stored in the wallets of miners. When the trend in the metric is towards up, it means miner inventories are growing as they stock up on more of the coin. Such a trend can be bullish for the price of the coin as it shows miners are currently accumulating BTC. On the other hand, a downtrend in the indicator implies miners have started to dump their Bitcoin. This kind of trend is naturally bearish for the price of the crypto as miners usually sell in big amounts. Related Reading | Why Sovereign Nation States May Begin Acquiring Bitcoin In 2022 Now, here is a chart that shows the trend in the BTC miner reserve over the past couple of years: Looks like the value of the indicator has showed sharp uptrend recently | Source: CryptoQuant As you can see in the above graph, the miner reserve has been gradually moving up since May. A few days back, when the price of Bitcoin dropped down to $39k, the metric showed a huge spike up as miners bought the dip. Related Reading | Jack Dorsey’s Block To Democratize Bitcoin Mining With Open Source Mining System Miners have traditionally been big sellers in the market as they have had to sell some of what they mine to keep their operations running. However, as BTC’s price has risen, and their machines have gotten more advanced and efficient, miners have started selling lesser as it’s enough to sustain electricity and other mining costs. Miners, who have originally always brought selling pressure to the market, have been shifting towards becoming hodlers for a coupe of years now. This can be quite bullish for the price of the coin in the long term. BTC Price At the time of writing, Bitcoin’s price floats around $42k, down 0.6% in the last seven days. Over the past month, the crypto has lost 10% in value. The below chart shows the trend in the price of BTC over the last few days. BTC's price plunges down after breaking above $44k | Source: BTCUSD on TradingView BTC managed to reach as high as $44.4k in its recent move up, but today the crypto has once again come back down, erasing the gains of the past couple of days. Featured image from Unsplash.com, charts from TraadingView.com, CryptoQuant.com

Players can now explore fun blockchain games, interactive social networks, and a wide range of products and services with complete autonomy. Curtis Sword also offers union members a brand new opportunity to discover their self-worth and dedicate themselves to this new "Meta Universe."

Curtis Sword Assets Economy

You will find three types of assets on the blockchain: Curtis Sword Coin (CSC), GOL (Gold), and NFT props. CSC is mainly used for on-chain activities, including NFT equipment purchase, upgrades, transactions, and character items. Pledge mining, etc.

GOL (Gold) is the game's token. On the map, it is accessible to all players. It can take many different forms. The main goal is to invest in the treasure mine by trading with NPCs like blacksmiths and merchants. GOL is primarily used for in-game activities such as the majority of gold output income, the purchase of copy tickets, and so on.

NFT is the game's third-largest economy. You can directly exchange CSC tokens from ordinary blind boxes and mysterious blind boxes for unknown NFT items. Simultaneously, you can sell your NFT items or buy other items in the NFT market. NFT items, which means that you can get calculable income during the battle and unexpected NFT item income. These items will yield high returns because of their rarity and combat power value.

Tokenomics

In the world of Curtis Sword, there are two digital currencies: Curtis Sword Coin (CSC) and Gold (GOL). As a result, to ensure the scalability of the Curtis Sword game, the platform requires some physical token group allocation.

The total number of CSC tokens available is 210,000,000. The maximum daily output is 120,000. The production reduction mechanism will be activated when the output reaches 105,000,000, and Sword Coin will reduce the daily production to 60,000. The platform will trigger the production reduction mechanism again if the output reaches 157,500,000, and the daily output will drop to 30,000, and so on.

GOL tokens have a maximum supply of 100,000,000,000. GOL is an online currency that can be explored, bought, traded, and exchanged in the Curtis Sword universe. It also entails more significant risks and economic fluctuations, necessitating an ample supply to ensure that each player has enough to use in the Curtis Sword universe. 

The total maximum supply of GOL tokens in the game is capped at 100,000,000,000 GOL, making them easier to obtain and more practical than CSC.

Join to Play Curtis Sword!

Everyone has the same opportunity, and by starting with the same fundamentals, you can develop your own game style by selecting the props you equip to increase game fun and revenue efficiency.

Each section of the off-chain game terminal is based on the role played: battle through levels, copy drawing, tower of ash (survival mode), ladder competition (ranking mode), and treasure mine (pledge mining). The rank and combat power calculation formula can yield the corresponding gold profit. The initial investment cost's payback period is currently 10 to 15 days.

About Curtis Swords

Curtis Sword is the first 3D NFT ARPG game on the blockchain, seeking to redefine metaverse gaming. The game is available on mobile phones, in both the IOS and Android versions. It is a P2E gaming ecosystem, where players battle tough bosses and earn NFTs that are worth lucrative profits. The collection of NFTs yields rewards that are backed by digital currency-asset returns.

You can get more information on the game at their;

Website: https://www.curtisswords.xyz/

Telegram: https://t.me/curtissword

Twitter: https://twitter.com/curtissword_nft

Medium: https://medium.com/@curtissword1

Discord: https://t.co/pbpp1eVNAY

Youtube: https://youtu.be/QYsMzxl15yk

Right now, bulls are buying each dip and bears are selling the top of each rally, suggesting that BTC and altcoins will remain range-bound for some time.

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HongKong, China, 14th January, 2022, Chainwire Credit is not only the cornerstone of the market economy, the credit mechanism has

The post has appeared first on thenewscrypto.com

New York, NY, Jan 14, 2022 - (ACN Newswire) - CreDA (Credit DeFi Alliance), the leading decentralized credit rating service and FilDA, the largest ever DeFi lending platform on HECO with a peak TVL of over US$2 billion, have partnered to offer exclusive lending rates to CreDA users. Users who mint their Crypto Credit Score as a Credit NFT (cNFT) will have access to leveraged lending and low or no-collateral loans directly within the CreDA platform.

The partnership comes only a few months after CreDA officially launched its platform and demonstrates the value Crypto Credit Scores can have by removing many of the barriers in traditional banking and the DeFi space. According to Bank of America, over 200 million users are now part of the digital asset universe, yet very few financial institutions would provide them with a loan. Even within the DeFi space, lenders operate in an over-collateralized manner with typical loan-to-value (LTV) ratios below 50 per cent.

Modeled after traditional consumer credit agencies, CreDA introduces the concept of personal credit scores into the $250 billion decentralized finance (DeFi) ecosystem.

Leveraging existing blockchain infrastructure, CreDA provides a trust architecture for the relatively young and volatile MetaFi ecosystem that includes emerging areas such as DeFi, GameFi and SocialFi.

"While our core business is focused on supporting the overall ecosystem through trusted and verifiable credit scoring, ours is a new concept for this space. By partnering with FilDA we hope to demonstrate the value and viability of the CreDA Credit Score to reward both users and lending institutions by brokering more transparent and trusted relationships," explains Fakhul Miah, incoming Chief Executive Officer. "We like to say that we're finally giving credit where credit is due."

How to get leveraged, low or no-collateral loans

CreDA allows users to link their wallets, mint a credit NFT (cNFT) and borrow at industry-defying rates, all from within the same platform.

CreDA provides on-chain credit ratings using the CreDA Oracle, which employs artificial intelligence (AI) to examine the user's assets, historical transactions and behavior in the crypto space across multiple blockchains. This data is used to calculate a credit score that is then minted into a secure non-fungible token called a credit NFT (cNFT). The cNFT enables the user to unlock preferential rates and incentives.

The FilDA partnership lets users access leveraged lending and low or even no-collateral loans based on the users Crypto Credit Score. The score represents a user's ability and willingness to pay back loans, de-risking Filda's exposure and rewarding the user for good on-chain behavior.

One major focus for CreDA is ensuring a safe and secure experience for users. To do this, data is fully protected, secured by industry leading, W3C compliant Decentralized Identifications (DIDs), which are linked to a user's cNFT. CreDA recently underwent a strict security audit with leading blockchain security group, CertiK.

About CreDA

Built on the Ethereum Layer 2 network, CreDA operates on Arbitrum with developers aiming to launch across multiple chains including, BSC (Binance Smart Chain), Ethereum mainnet and ESC (Elastos Sidechain) in Q1 of 2022 with more to follow throughout the year.

CreDA's Credit Oracle has already retrieved the data of billions of on-chain activities related to more than 90 million addresses across the largest blockchains. This large initial data pool helps to build a reliable and trusted credit model that will continue improving as more data is collected from additional chains and users who connect and mint their credit scores. The CreDA protocol is designed to compute a user's Crypto Credit Score while protecting their identity through the use of a DID, which does away with KYC (know your customer) checks.

The aim for the CreDA protocol is to eventually combine traditional (off-chain) and blockchain (on-chain) data to compute a holistic user credit score that allows for more flexibility and access between people's virtual and 'real world' lives. This will become even more relevant as technology advances and society continues to embrace virtual spaces, such as the Metaverse.

"As Benjamin Franklin once said, 'If you want to know the value of money, try borrowing some!' said Cassie Zhang, Chief Operating Officer during CreDA's launch in late 2021.

"The DeFi landscape is quickly evolving, but there is still one factor that is missing -- credibility. The CreDA protocol enables DeFi and other Web 3 platforms to model risk profiles across their user base and offer personalized rates and services, making them more competitive versus industry peers."

Social Links
Twitter: https://twitter.com/credafinance
LinkedIn: https://www.linkedin.com/company/creda-finance
Discord: https://discord.com/invite/eSvTm6a6kb

Media Contact
CreDA (Credit DeFi Alliance)
E-mail: [email protected]
Website: www.creda.app

SOURCE: CreDA

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com

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