Xp Bitcoin News

What is Experience Points? Beginner’s Gu > March 1, 2018

What if you could go through life earning experience points for just going about your day? Picking up groceries (+500XP), shooting the bull with your buds on your favorite messaging app(+200XP), or sitting down for dinner with your sweetheart at your favorite Asian-American fusion gastropub (+1000XP).

If it sounds like you’ve entered some IRL video gaming landscape, don’t worry: this isn’t some virtual reality-ruled dystopia like Ready Player One. It is, however, a rewards system that will make life play out like an RPG–a role playing game where the role is your own and the game is life itself.

It’s called Experience Points, and as its mission suggests, it wants to bring XP off the screen and into your daily routine. The project is building a sharing economy for all aspects of life, anything from daily purchases to tourism, all driven by the XP coin. With Experience points, distribution is limited only to adoption and acceptance; if an industry or service adopts the project’s model, you can earn XP coin for your everyday experiences.

How Experience Points Works

As one might expect, Experience Points has some immediate relevance for online gaming communities. It’s coin, XP, offers gaming ecosystems a self-sustaining economic model where it can be used for purchases, in-game rewards, and player-to-player transactions.

However, the Experience Points team wants to take this model and superimpose it on to real life interactions and transactions. Basically, consumers and community members can be rewarded in XP for interacting with a service or entity that has adopted the Experience Points platform, such as attending a concert or buying a meal at a restaurant that uses XP. Users can then spend their XP at participating locations, allowing them to take the experience they’ve gain and put it back into the XP-based economy.

Ultimately, Experience Points is looking to unite actors from all walks of life and facilitate cooperation between any industries willing to adopt it. The end product would be a real-life experience economy that links gaming, tourism, consumer industries, social media, entertainment, and more into a unified ecosystem.

Experience Points Pentanode System

In order to secure network integrity and ensure distribution of XP across targeted industries, Experience Points employs a five-fold node system. Each node fulfills a specific function for the Experience Points ecosystem.

Masternodes:

Experience Points operates under a Proof of Stake model, so the masternodes serve your typical PoS consensus meachanism. They promise (roughly) a 50% annual return on investment and require a minimum 50mln XP to operate. Nodes that hold more than the minimum will receive the same hourly return (approximately 2,800XP). This disincentivizes hoarding and encourages users to establish more nodes to support the network.

Supernodes:

This node requires 1bln XP to operate and promises an approximate 200% annual return on investment. However, the 1bln committed XP will be burned upon setting up the node to keep operators from dumping coins when they reach a profit target. This ensures that only serious investors who believe in the future of the project will seek out supernodes.

Salesnodes:

These nodes will be distributed to vendors, retailers, and shop owners who want to adopt XP for payment and/or promotional reasons. They’ll function like masternodes, except that the stake cannot be split up, sold, or moved. Staking rewards will be used to distribute XP to customers per the vendor’s discretion, but these rewards will be capped at 150% of the original stake to make sure that funds are actually being redistributed and aren’t laying dormant.

Devnodes are like salesnodes except for the online world, and they’ll be granted to developers to use with their online products. Like Salesnodes, the staked XP cannot be broken up or moved out of the node–the operator cannot access the funds at all. They can only be distributed through the XP API to promote circulation among platform users, and for devnodes, any staking rewards that are not redistributed within 10 days of being earned are immediately burned. This is meant to encourage developers to pump XP into the system and accelerate the coin’s adoption on their platform.

Geonodes connect Experience Points users to the physical world. These nodes will be responsible for distributing XP to individuals who visit a specific location, monument, or other attraction. Simply by showing up and scanning a QR code, you could receive XP for visiting a popular tourist hot-spot or a museum, so long as it’s connected to a geonode.

Experience Points Use Cases

It should be noted that salesnodes, devnodes, and geonodes are staked with the specific purpose of circulating XP for the ecosystem’s adopters and consumers. As such, the coins are effectively (not literally) burned when staked as they are taken out of the circulating supply and used solely to redistribute staking rewards for users.

These rewards could be distributed across a number of industries, and here are just a few examples of potential use cases:

For salesnodes:

Say Molly owns a restaurant called Smack Yo Mama Mac. She wants to create a rewards system for her restaurant, wherein for every 10 meals a customer purchases, they receive 5,000XP. They can then use the XP to purchase their next meal if they desire. In another example, Angela runs a massage and hotspring spa in New Mexico. With Experience Points, she sets up a referral program that awards customers 3,000XP for each new person they bring to the spa.

For devnodes:

Carl runs a language learning messaging app that allows its users to interact with individuals in multilingual chat rooms. If one user offers another user helpful language coaching or tutoring on the app, that individual can tip the other in XP for the assistance. Carl also runs a recipe sharing app. Using XP, Carl can rewarded recipe contributors for their additions to the application’s recipe book.

For geonodes:

The tourist office in Edinburgh wants to encourage sightseeing, so they decide to set up an Experience Points genode for this purpose. Rewards could take many forms, including awarding users per distance walked on the Royal Mile, giving them 4,000XP for hiking Arthur’s Seat, or gifting them 2,000XP for visiting Edinburgh Castle.

Experience Points Team and Roadmap

On the project’s website, the only team information comes as a list of pseudonymous, emoji-represented members without LinkedIn profiles. This has given some investors pause in the past, but for what it’s worth, the team keeps an active Discord, Telegram, and Github. If they’re legit, it appears that they’d rather remain anonymous.

The project’s roadmap seems to focus on playful comedic illustrations to get its goals across, and these goals include rudimentary milestone descriptions and somewhat concrete deadlines. For 2018, the team hopes to tackle global on-boarding by offering developers and businesses a kit to get started with their own node, establish an Experience Points market for service/product listing and payment, and create an independent developers portal for the XP ecosystem.

Experience Points Trading History

At the peak of the 2017/2018 holiday bullrun, Experience Points peaked into the top 100 with a $1bln market cap. As it stands now, the coin is ranked #141 on CoinMarketCap with an asking price of nearly half a cent.

Where to Buy Experience Points

To acquire some XP, you’ll have to go a bit off the beaten path. CoinExchange accounts for the majority of the coin’s trading volume, and you can trade for it with either BTC or DOGE (seriously). The next largest market comes from CrytpoBridge, but this only accounts for roughly 3% of 24/hr trading volume in BTC or MONA. XP does not trade for ETH on any of its host exchanges.

Where to Store Experience Points

The only wallets available for XP are the core wallets offered on the project website . These include software wallets for Windows, Mac, and Linux, along with a mobile wallet for Android and a paper wallet.

Final Thoughts

In its current stage of development, Experience Points is more geared towards online gaming platforms and services. Its upcoming development kit will make it easier for developers to integrate the coin into their games for in-game rewards and purchases, as well as giving users a coin to develop a player-driven economy.

Adopting this token for gaming purposes is one thing, but seeing XP in real world use is another. A cool concept? Maybe, even if a little bit quirky. Quixotic to think that the concept will become a reality? Potentially, but it all depends on whether or not some retailers, businesses, and industries see value in using a model like XP to incentivize business. If they do, and a few get the ball rolling, who knows how far it will go (and who/what it will pick up along the way).

All of this said, the lack of team transparency has troubled some, while others say you just need to get involved in the Experience Points community to get some screen time with the men and women behind the project.

Assuming the project is legit, watching it expand will be an experience in its own right. If it does expand well, who knows: it may mean that your next trip to New York could give you XP for taking a trip to Ellis Island or crossing Time’s Square.

Bitcoin News on Windows Pc

Developed By: DCcreation

Rating: 1,0/5 – 1 votes

Last Updated: May 19, 2019

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App Permissions:
Allows applications to access information about networks. [see more (7)]

Description from Developer:
Bitcoin doesn’t have a central government.With Bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in. [read more]

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How to install Bitcoin News on Windows?

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Brazil’s Largest Brokerage Creates XP Bitcoin

Brazil’s XP Investimentos signals its willingness to meet customer demand, filing patent on the brand XP Bitcoin. The move could legitimize bitcoin in the eyes of average Brazilian investors, despite the firm’s previous public protestations and warnings, bringing a Latin American powerhouse to the cryptocurrency marketplace.

Folha de S.Paulo (Folha), the highest circulating newspaper in Latin America’s largest country by population and territory, profiled bitcoin for its readers.

Folha is owned Groupo Folha which also operates Brazil’s most popular internet portal, Universo Online.

Tucked deep in the story is João Paulo Oliveira, chief analyst of cryptocurrencies at XP Investimentos (XP), Brazil’s biggest brokerage firm.

It’s no wonder Brazilians are looking for financial alternatives like bitcoin.

He’s quoted as being quite the Cassandra regarding bitcoin, urging regulation and legal oversight.

Even so, his company is said to be “starting to look at this [bitcoin] market,” according to Folha.

Allex Ferreira of Brazil’s Criptomoedas Facil, posted evidence XP has already petitioned to patent a brand, XP Bitcoin, presumably a future brokerage subsidiarity (see inset).

Screen-shot of XP Bitcoin patent filing.

Brazil’s purchasing power parity outstrips all other countries in the region at 3.2 million Geary-Khamis dollars, an international standard. And when Brazil is combined with Mexico and Argentina, the three countries account for a clear super-majority of economic activity in Latin America.

A substantial move into the bitcoin space from Brazil would have far-reaching impacts.

Criptomoedas Facil reported and editorialized on what XP Bitcoin would mean to a domestic investor class already populated by skittishness in its traditional financial sector.

The country has careened from crisis to crisis in recent years. Corruption plagues its politics, with impeachments and recriminations standard and ongoing.

Since 2015 its economy has been in utter free-fall, unemployment rising, catastrophic budget deficits, credit rating disasters and outlook, an inflation rate well-above seven percent. Its GDP fell consecutively, 2015 and 2016, the first time that’s happened in 80 years.

It’s no wonder Brazilians are looking for financial alternatives like bitcoin.

Protesters in Brazil.

Mr. Ferreira is philosophical about XP Bitcoin.

“I believe it will not make the slightest difference in my business,” he mused.

As a Peer-to-Peer (P2P) broker himself, he understands what mainstream brokerages such as XP bring with them: government regulation and lots of it.

“A tightening of regulations and increased compliance and bureaucracy will actually increase market demand even more [for] P2P brokers and exchanges,” Mr. Ferreira noted, “which is impossible to be regulated.”

However, for “the common investor of XP, which is in the stock exchange, I believe that the possibility of expansion [into bitcoin] is positive.”

He goes on to lament liquidity issues and how XP will swing prices, but “in general, the arrival of such an exchange in the Bitcoin market is evidence that the industry is evolving and attracting the attention of investors and heavyweight speculators.”

What do you think? Are emerging markets like Brazil important to the success of bitcoin? Let us know in the comments.

Images courtesy of: Criptomoedas Facil, Euler Hermes, Twitter. Sterlin Luxan contributed to this article.

Brazil’s Biggest Investment Firm XP Investimentos to Launch Cryptocurrency Exchange

Brazilian investment giant XP Investimentos, a financial services firm managing over $35 billion for over 500,000 clients, is reportedly going to launch a cryptocurrency exchange. According to the country’s Department of Federal Revenue, XP Investimentos has recently registered XDEX INTERMEDIACAO LTDA, whose registered capital is of about $7.3 million.

Available data shows the new company was initially registered as XP COIN INTERMEDIACAO in August 2017. In November, when most cryptocurrencies started surging, the exchange received capital and turned to XDEX. Earlier this year, it received about 80 percent of its $7.3 million.

According to local news outlet Portal do Bitcoin, data from the Department of Federal Revenue shows the company is related to XP Investimentos. Its website, Xdex.com.br, is at press time unavailable.

While not much is known about the new cryptocurrency exchange, the local news outlet claims an unnamed source revealed it’ll focus on over-the-counter trading. Its report reads (roughly translated):

“It is not yet known what services the new exchange will provide. A source, who did not want to be identified, said that the action will be in the so-called over-the-counter market. That is: focused on movements of large volumes of capital and BTC.”

XP Investimentos has seemingly been researching the crypto space for a while, as back in October 2017 it was revealed it registered the “XP Bitcoin” brand. At the time, a local news outlet queried the company, which then revealed it was studying cryptocurrency markets. One month later, the investment giant hired Fernando Ulrich, a Brazilian cryptocurrency expert

This comes at a time in which Brazil’s cryptocurrency exchanges and businesses created “rival” cryptocurrency associations. The two “rival” associations aren’t yet certain on how cryptocurrencies should be regulated in the country. Fernando Furlan, president of one of these associations, stated:

“There is legal uncertainty. Depending on the purpose, it may be considered a means of payment or a financial asset. “ .

The investment giant’s move may come at the right time. As covered by CCN, Brazil’s largest cryptocurrency exchange Foxbit recently went down for over 72 hours, as some users were able to take advantage of the company’s withdrawal system to duplicate 130 withdrawals. Foxbit later recovered and started processing withdrawals during its downtime, before coming back online.

Xp bitcoin news

Bitcoin is the most secure and robust cryptocurrency in the world, currently finding its way across the world of business and finance. Bitcoin was thought of as Internet money in its early beginnings. Unlike fiat currencies Bitcoin is a decentralized currency. That means that a network of users control and verify transactions instead of a central authority like a bank or a government. Up to this day, Bitcoin uninterruptedly works as money one person pays another person for goods and services. Once Bitcoin is exchanged, the record of the transaction is publicly recorded onto a ledger known as the blockchain, which other Bitcoin users, known as miners, verify by putting those transactions into a block and adding it to the blockchain after Proof of Work (PoW). After a certain amount of transactions have been verified by a miner, they will receive newly minted bitcoins for their work and thus new bitcoins will be added into circulation, while the number of bitcoins in circulations are now in the multi-millions range, the maximum amount of bitcoins that can ever be created is capped at 21 million. The creation rate is automatically halved approximately every four years as more bitcoins are added into circulation, whilst this system is modeled after gold, mining difficulty is always increasing as hashrate increases and makes finding new bitcoins harder as the number of available bitcoins reaches the 21 million cap. As bitcoin has matured as a cryptocurrency, there have been more companies warming to the idea of using various bitcoin exchange facilities to gain exposure to the volatile bitcoin price while a few websites such as reddit WordPress and overstock have begun accepting Bitcoin, most major retailers have yet to take the plunge into Bitcoin.

Satoshi Nakamoto

Satoshi Nakamoto is the name used by the unknown person or people who developed bitcoin, authored the bitcoin white paper, and created and deployed bitcoin’s original reference implementation. As part of the implementation, they also devised the first blockchain database.In the process, they were the first to solve the double-spending problem for digital currency using a peer-to-peer network. They were active in the development of bitcoin up until December 2010.

Bitcoin is the most secure and robust cryptocurrency in the world, currently finding its way across the world of business and finance. Bitcoin was thought of as Internet money in its early beginnings. Unlike fiat currencies Bitcoin is a decentralized currency. That means that a network of users control and verify transactions instead of a central authority like a bank or a government. Up to this day, Bitcoin uninterruptedly works as money one person pays another person for goods and services. Once Bitcoin is exchanged, the record of the transaction is publicly recorded onto a ledger known as the blockchain, which other Bitcoin users, known as miners, verify by putting those transactions into a block and adding it to the blockchain after Proof of Work (PoW). After a certain amount of transactions have been verified by a miner, they will receive newly minted bitcoins for their work and thus new bitcoins will be added into circulation, while the number of bitcoins in circulations are now in the multi-millions range, the maximum amount of bitcoins that can ever be created is capped at 21 million. The creation rate is automatically halved approximately every four years as more bitcoins are added into circulation, whilst this system is modeled after gold, mining difficulty is always increasing as hashrate increases and makes finding new bitcoins harder as the number of available bitcoins reaches the 21 million cap. As bitcoin has matured as a cryptocurrency, there have been more companies warming to the idea of using various bitcoin exchange facilities to gain exposure to the volatile bitcoin price while a few websites such as reddit WordPress and overstock have begun accepting Bitcoin, most major retailers have yet to take the plunge into Bitcoin.

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