#Binbot Pro Automated Trading Software!

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Binbot Pro Automated Trading Software! Don't Do These Mistakes!! Live Tr...

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BinBot Pro Review: Profitable Auto Trading or a Scam?

Reviews for automated trading systems like BinBot Pro are the most sought after.

This is because auto trading is the newest trend in the world of trading.

Many traders are confused about how auto trading work or are skeptical about it.

But we are here to the rescue!

In this review, we will go through the features of BinBot Pro to see how it works, how well it delivers on its promises and most importantly, you can know if it is a scam or not.

Binbot Pro Review

Automated trading systems like BinBot Pro allow auto trading with the help of trading algorithms.

The trader has to set some rules such as risk levels, entry and exit stipulations, and leverage and the rest will be done by the auto trader.

The traders can then relax and not worry about monitoring their positions.

This has made trading robots very popular and in demand.

As a result, the market is now flooded with tons of trading robots.

As a trader who’s looking for a reliable robot, it might become difficult to choose one.

Our Review on BinBot Pro will clear that doubt for you.

Let’s start.

BinBot Pro Review: What is BinBot Pro? BinBot Pro Review - Binoption High Capital Risk Is Involved In Financial Trading

BinBot Pro is a Binary Options Robot that offers automated trading to its users.

It was established in the year 2016 and has been offering an automated trading service since then.

There are multiple robots available for that trades on your behalf.

You can also customize them to match your requirements.

Each trading robot follows a different strategy and you can choose the one that you think will work the best for you.

BinBot Pro has partnered with BinaryCent which is an online broker.

You carry out transactions like deposits and withdrawals through this broker.

We will discuss more this broker later in the review.

Trading robots have been popping up left and right due to the increased demand for automated trading.

Unfortunately, not all trading robots have proven to be effective.

They enter and disappear from the market without anyone noticing.

This proves that you cannot expect to provide poor service and survive in the market.

BinBot Pro has been going strong ever since it was released in 2016.

It has gained popularity among traders quickly and has become one of the best-automated trading systems currently.

In 2016, they won the award for the best binary robot.

Why choose BinBot Pro? BinBot Pro offers certain features that you cannot overlook.

Let’s see the reasons as to why you should choose BinBot Pro as your preferred choice of the trading robot.

Offers profitable auto-trading Even new traders can make large profits Easy registration process Returns as high as 90% Demo account offered Award-winning automated trading Robots have a profit rate up to 300% Provides services to many countries around the globe Major forex pairs as binary options Popular Crypto assets A minimum deposit fee of $250 Manual customization of trading robots Fast and reliable platform Dedicated customer support BinBot Pro Live Trading Video, Results and Withdrawal BinBot Pro Sign-up and Login BinBot Pro Login Signup - Binoption The account creation process is quick and hassle-free.

The process is described below:

Step 1 Click on the ‘Registration’ button below to start your registration process.

Step 2 Step 3 Step 4 To log in into your account, just use your provided email address and password.

CLICK FOR REGISTRATION High Capital Risk Is Involved In Financial Trading

BinBot Pro Broker- BinaryCent BinaryCent BinBot Pro Broker - Binoption BinBot Pro currently only offers one broker to deal with: BinaryCent.

BinaryCent is an online trading platform which was founded in the year 2016.

It is managed by Cent Project Ltd., which is a subsidiary of Finance Group Corp.

The company is based in Vanuatu where their head office is located in Transpacific Haus, Lini Highway, Vanuatu.

BinaryCent is regulated by the Vanuatu Financial Services Commission (VFSC).

BinaryCent guaranteed withdrawals processing within 1 hour.

BinaryCent’s focus lies on small traders and hence their minimum deposit and investment are very low.

You need to deposit a minimum of $250 to start trading and the minimum trade investment is only $0.1.

This is one of the lowest we have seen and is beneficial for small and new traders.

You get leverage up to 1:100 on trading assets.

BinaryCent offers binary options along with forex and CFDs in their trading portfolio.

Recently they have added cryptocurrencies such as Bitcoin, Litecoin, Ethereum, Zcash, Monero, BCH, Dash, PrimeCoin, Reddcoin, and many others.

BinaryCent offers customer support through live web chat or through the telephone.

BinaryCent has its proprietary trading platform for trading.

The platform is web-based which means you don’t have to download separate software for trading.

The platform is user-friendly and trade execution happens without any delay.

They also offer mobile trading on the iOS and Android.

They have the same features and functionalities as the web-platform.

There are three different types of trading accounts on BinaryCent; Bronze, silver, and gold. Silver and gold accounts offer extra benefits and bonuses to traders.

Speaking of bonuses, traders get rewarded with bonuses for the deposit they make.

Depending on the type of account they choose to create, they get rewarded with 20%-100% bonus.

All these features make BinaryCent a great choice to be BinBot Pro’s broker.

VISIT BINARYCENT BROKER High Capital Risk Is Involved In Financial Trading

BinBot Pro Top Robots - Created By Users BinBot Pro Top Performing Robots - Binoption BinBot Pro ranks robots on the basis of profits they generate for traders.

Here are some of the top performing robots for BinBot Pro:

RSIMA Cross Robot This is the top robot with a profit of over 300%.

The strategy used in this robot involves matching the RSI with the moving average cross indicator.

The robot buys or sells when it matches with the RSI overbought or oversold signal.

The signal is maintained until an opposite signal is received.

The minimum deposit for this robot is $3000 and its algorithm level is at 5 points.

xProfit Robot Ichimoku Crypto V2 Robot Rising East v1.2 Robot HP Cycles Robot Strong ADX v.2 Robot Strong US v2 Robot Bolly Band Bounce Robot RVI and MA Robot Bladerunner Robot CHOOSE YOUR TRADING ROBOT High Capital Risk Is Involved In Financial Trading

BinBot Pro Settings and Trading Platform BinBot Pro’s auto trading platform is available on the web.

You don’t need any separate software for trading which is convenient for many traders.

The whole auto-trading is revolved around following a trading robot which is available from the list of robots.

The platform displays the top 10 performing robots based on the profit level they generate.

Note that you can either copy the robot directly by letting it do all the trading for you or you can customize the robot to suit your needs.

You can also create a robot from scratch if you have the necessary trading experience.

Let’s take a look at the process of robot creation.

Robot Creation: BinBot Pro Settings Robot Creation - Binoption On the left side of the trading platform, there is a ‘create my robot’ button. Click on it to start the robot creation process. STEP 1 Choose a name for your robot. You can give it any name you desire but by adding a relevant name, you can easily remember its strategy and even others can benefit from it. STEP 2 STEP 3 STEP 4 STEP 5 BinBot Pro Indicators: BinBot Pro Settings Trading Indicators - Binoption There are 6 different types of indicators available in BinBot Pro: ADM Index: ADM stands for Average Directional Movement. It is an indicator that indicates the trend strength. It can determine when the price of an asset will trend strongly. This strength indication can be bi-directional, i.e. both upwards and downwards.

Commodity Chanel Index (CCI): Momentum Indicator: RSI Indicator: RVI Indicator: AROON: BinBot Pro Demo Trading BinBot Pro offers demo auto-trading before you invest.

You can demo run the top 10 trading robots and see which suits your needs the best.

The demo runs for a robot runs exactly for one minute.

The initial fund offered is $1000 and at the end of the one-minute demo, the final balance is displayed.

In our extensive testing, the demo tests always ended in profits and never seemed to face any loss which seemed suspecting to us.

When we traded on our real accounts, on an average, the robot won us 8/10 trades.

This is normal as no robot can guarantee a 100% win rate.

Their demo robot winning all trades may just be a marketing gimmick.

Also, the demo market conditions are obviously different than the real market conditions.

BinBot Pro Cryptocurrency Trading BinBot Pro offers exclusive crypto trading to its traders.

Although binary trading is not allowed in the U.S, you can trade forex-crypto assets from any country in the world through BinBot Pro.

You can trade popular cryptos such as BTC, ETH, Litecoin, Dash, and much more.

BinBot Pro even offers deposits and withdrawals using Bitcoins and altcoins.

This makes the transactions fast and secure.

The BinBot Pro crypto software claims to have income returns of 700% or higher.

According to statistics, on a daily basis, their robots win 32390 trades, 1765 new clients join their website, they pay profits of $86003, and a customer earns $3836 in profits on an average.

Approximately, 25000 clients have had profitable trades with BinBot Pro.

The current offer of BinBot Pro offers 100% sign up bonus to their clients for Cryptocurrency trading.

START TRADING CRYPTOCURRENCY High Capital Risk Is Involved In Financial Trading

BinBot Pro Mobile Trading Currently, there is no mobile app for BinBot Pro.

However, BinaryCent offers mobile trading.

So you can perform transactions on the mobile app.

However, for trading, you have to use the web platform.

BinBot Pro Asset Index BinBot mainly offers the major forex pairs along with few crypto-forex pairs.

Here is a list of the assets BinBot Pro offers in its portfolio:

Forex Pairs: EUR/AUD EUR/USD GBP/USD USD/CHF EUR/JPY USD/CAD AUD/USD EUR/GBP Crypto-Forex Pairs: BTC/USD LTC/USD ETH/USD BCH/USD BinBot Pro Minimum Deposit The minimum deposit on BinaryCent is $250 but for some regions, it is $500.

BinBot Pro redirects you to BinaryCent during the withdrawal and deposit process.

BinaryCent offers multiple transaction methods such as Credit card (Visa, MasterCard), wire transfer, WebMoney, Skrill, Neteller, Crypto wallets to accept cryptocurrencies.

The deposit process is quick and is process instantly.

BinBot Pro Withdrawal BinBot Pro offers multiple withdrawal methods such as Bitcoin, credit cards, Neteller, Skrill, and Perfect Money.

They charge a 5% transfer fee on credit card transactions.

BinBot Pro guarantees withdrawal processing within 1 hour.

The time it takes for you to receive this payment takes 2-7 business days.

Is BinBot Pro Scam or Legit? BinBot Pro Scam - Binoption BinBot Pro has been around 2016 and has a very good success rate of over 90%.

It has multiple trading robots and offers a regulated broker to trade with.

These reasons along with positive customer reviews make it a legit broker.

However, there has been a couple of complaints regarding this platform.

The thing with automated trading is, you are depending on algorithms and machines to do the trading for you.

This cannot ensure success every time, unlike popular beliefs.

Although not with complete certainty, we would like to say this platform is legal and you can use it for profitable trading.

BinBot Pro Cons Though it has many unique features for traders but it has also some drawbacks and they are –

Demo account lasts only one minute Demo trading results seemed suspecting to us Offers only one broker for trading Minimum deposits for top robots are high Conclusion BinBot Pro stands out from the rest of the auto trading by providing multiple robots that have a high success rate, multiple indicators offering vast technical analysis, and a convenient robot creation process both novice and experienced traders benefit from the profitable auto trading BinBot Pro offers.

However, there are a few things they could work on to improve further.

Their website feels lackluster to use.

They need to partner with more brokers to cater to more traders.

In conclusion, BinBot Pro is an excellent auto-trading robot that delivers what it claims to do

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What Is The Future Of Binary Options Trading Bot

Binary options trading bot are quite familiar among traders around the world. However, almost all the newcomers, as well as seasoned traders, wonder about the future of binary options trading bot. Unfortunately, we don't have a simple answer regarding this question.

So, today we are going to discuss this issue and come to an ultimate decision.

Future Of Binary Options Robot

Binary option robots are always been the best choice for traders as a safe trading tool. But the legitimacy of binary trading robot mostly arise due to the prevailing scam robots in the market. If a user can't run a bot properly, he will indeed end up losing money. And it will be ridiculous if he blames the bot for his monetary loss.

Yes, it is a hard-to-believe fact that happens most of the time.

Yet the final picture is not. There are several trustworthy binary options trading bots, too. Lots of traders use these bots and are able to make money. These trusted and successful binary options robots provide tremendous trading experience for traders by reducing their work strain.

It is almost impossible for us to open a book here with all features and benefits. So, we recommend our readers who are currently reading this article, please visit best binary options trading robot to find a comparison chart over there.

According to the expert reviews, the future of trading bot still manageable if we know how to trade with a trading software properly without running behind the money. Each trading software designed with different algorithm, however the goal remains the same.

Mostly, people like to hold some tools for a long time which never stops to give profits. BinBot Pro is one of them. We found this robot extremely profitable without changing a bit. From the review, you can also get to know other important information that one should know before start trading.

So, if one wants to make money using binary options bot, he should start searching the legit platform rather than blaming the bad apples.

Trading algorithms is attracting traders day by day with its various facilities. And those problems can be solved by careful selection and proper automation. You can also pick these suggested best robots for binary choices to stop those scams. If you can make use of the facilities offered by any trusted trading robots, you can easily achieve your business objective.

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US Energy Department Funds Trial of Factom Blockchain to Secure Power Grid

Factom, one of the earliest companies to pitch blockchains to enterprises, is participating in a U.S. government-funded trial of the technology to protect the national power grid.

Announced Thursday, TFA Labs, an internet-of-things (IoT) security startup, is experimenting with Factom’s protocol to validate that devices on the grid aren’t infected with malware.

Backed by a nearly $200,000 grant from the U.S. Department of Energy (DOE), the project aims to improve the security of millions of such devices.

In some cases, TFA Labs is looking at storing raw data, such as the health and status of devices, on the Factom blockchain. In other cases, the company wants to assign a digital identity to the firmware, or permanent software installed on devices.  If the files are manipulated, they’ll produce a cryptographic hash that does not match the digital identity, indicating something is amiss.

“We can store raw data or data hashes of the data,” Dennis Bunfield, CEO of TFA Labs, told CoinDesk. “It’s ideal for IoT device use.”

The first phase will last until March when TFA aims to have a prototype for the use case. If the experiment gets to phase two, TFA Labs will collaborate with device manufacturers and could get close to $1 million in funding from the DOE.

Factotum

Factom is separately working with the Department of Homeland Security (DHS) to record camera and sensor data on the blockchain and with the Bill and Melinda Gates Foundation to see if the tech can digitize records of individuals who live in remote parts of the world.

Enterprise users can develop on the startup’s protocol using familiar coding languages, said Greg Forst, marketing chair for Factom Protocol.

“We’re data-centric and enterprise-grade whether that’s a government or startup or anybody in between,” Forst said.

Founded in 2014, the Austin, Texas-based company conducted one of the earliest token offerings, raising $1.1 million in 2015 by selling “factoids.”

However, “you don’t need the factoid token to use the protocol,” Bunfield said. “So you never need to touch crypto to use the protocol, making this ideal for use by governments and corporate enterprises.”

Subsequent seed and Series A rounds brought in over $8 million to Factom. An early project recording land titles in Honduras stalled. Factom later introduced a product for the mortgage industry. In July of this year, a nonprofit called the Triall Foundation announced that it was running a clinical trial over Factom.

Power grid image via Shutterstock

This news post is collected from CoinDesk

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Cybersecurity Firm WISeKey Subsidiary Nets $7 Mln in Pre-STO Investment Ahead of Q2 Sale

A subsidiary of Swiss cybersecurity and blockchain firm WISeKey has raised $7 million in an pre-funding round prior to launching a security token offering (STO), the company confirmed in a press release on April 11.

WISeCoin, which came into being in August last year, plans to conduct the STO in Q2.

Responsible for managing all of WISeKey’s blockchain initiatives and operations, the vertically-integrated platform intends to raise a total of 17,587,527 Swiss francs ($17,563,695) to expand its activities.

These include the use of various disruptive technologies, specifically focusing on the Internet of Things (IoT) given WISeKey’s major presence as a semiconductor chip manufacturer.

“One of WISeCoin’s key (milestones) is to build a Blockchain of Identity to store the identities of objects and people allowing connected objects the ability to identify, authenticate and verify each other with a digital certificate,” the press release states. It continues:

“For each interaction, the Blockchain of Identity will verify the validity of each digital certificate to secure the interaction and to compensate for the use of the platform, a micro service fee is charged through a utility token, called the WISeCoin token.”

WISeKey itself launched a new digital identity solution at the end of last month.

STOs, initially conceived as a less risky investment option than the increasingly precarious initial coin offering (ICO) market, have come under the attention of regulators, with Hong Kong and Mauritius the latest to issue guidelines.

In March, a report by PwC nonetheless assessed STOs as having few fundamental differences from ICOs.

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NSA Reportedly Developing Quantum-Resistant ‘Crypto’

Until now the National Security Agency (NSA) has restricted its activities in the crypto space (as far as we know) to tracking bitcoin users, but now the agency may be working to develop its own.

According to a tweet from Bloomberg cybersecurity reporter William Turton, the director of the NSA’s Cybersecurity Directorate, Anne Neuberger, said at the 10th Annual Billington CyberSecurity Summit in Washington D.C. that her agency is developing a quantum-resistant “crypto.”

Anne Neuberger, Director of NSA’s new Cybersecurity Directorate says that the agency will propose hardware and software standards again. Also notes agency is working to build quantum resistant crypto. pic.twitter.com/IIvjz1aTjO

— William Turton (@WilliamTurton) September 4, 2019

While the reason for the NSA carrying out such work isn’t clear, quantum computing has the potential to be able to make current blockchain technology redundant.

In a previous report, CoinDesk looked at how, although still in its infancy, quantum computing could one day be able to crack much of the cryptography that underlies how data – including cryptocurrency private keys – passes through the internet.

It should be noted that Neuberger’s comment may indicate that the NSA is working on a cryptography technology, not a cryptocurrency, with the twin meanings of the term “crypto.”

The NSA’s new Cybersecurity Directorate was announced in July and is “charged with preventing and eradicating threats to National Security Systems and the Defense Industrial Base,” according to the agency. It’s expected to start its activities on Oct. 1.

Neuberger led the NSA’s Russia Small Group before moving to take up the reigns at the new cybersecurity division.

According to classified documents obtained by The Intercept in 2018 from U.S. whistleblower Edward Snowden, the NSA has made bitcoin surveillance a top priority. One NSA memo suggested the agency had been collecting private information such as bitcoin user passwords, internet activity and device identifiers.

NSA image via Shutterstock

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Cryptomining Malware Targets Back-to-School Students With Fake Textbooks

Security software provider Kaspersky has identified a form of cryptomining malware that has taken root in multiple sites where pirated textbooks are upload and downloaded. The delivery agent, WinLNK.Agent.gen, has been active since 2011 but now its payload is a bit more lucrative for the folks who spread it.

The malware masquerades as a book or essay packed in an executable file which allows the hacker’s command-and-control system to send other pieces of malware, including cryptominers and spam delivery systems, onto an infected computer. How do we know the malware is targeting students? Kaspersky watched its logs and saw “233,000 cases” of malicious essays and “122,000 attacks by malware that was disguised as textbooks.”

“More than 30,000 users tried to open these files [this year],” they wrote.

Downloading out-of-copyright ebooks and library books is quite simple and safe so this malware targets harder-to-find textbooks. Our own quick Google search found a number of ebook versions of various beginning college texts that cost $150 or more online. While most of them were PDFs, there were a number of executable files that were flagged as malware. Far more pernicious, interestingly, are the ads masquerading as download links that send you to malware sites rather than the correct PDF or ePub file. While you can save money pirating these books online – when you can find them – it’s clear the results can sometimes be nasty.

  Image via Shutterstock.

  This news post is collected from CoinDesk

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As Crypto Markets Go Cold, Who Will Pay for Open-Source Code?

Formerly a CoinDesk Contributing Editor, Daniel Cawrey is author of the upcoming “Mastering Blockchain” book to be published by O’Reilly Media.

Earlier this year IBM purchased Red Hat, the oft-referred to model for how open source can thrive, for $34 billion.

Long the consultant to enterprises, IBM is going through a transitional period as a business and needs a boost. Red Hat’s open-source software offers IBM the ability to better compete in cloud services offered by Amazon, Microsoft and Google.

Why is this important? Red Hat is one of the most name-checked examples of how open-source software can be successful. It is often used as an example of how championing open source can lead to business success. This is particularly pertinent to the cryptocurrency ecosystem, where open-source ethos rule the technology.

But, something is being lost in this conversation. Namely, open source requires funding for developers to contribute.

Despite what some may think, open source isn’t free. That’s a problematic proposition in the rollercoaster markets that make up open blockchains.

The Volume Issue

Crypto can enable almost ridiculous levels of transparency and control.

Yet in order for it to move forward, incentives must be aligned. Scaling technologies and design experiences must make cryptocurrency easier to use. However, most cryptocurrencies are used primarily for speculation. And the speculative market is in the doldrums, with low levels of volume.

BTC trading volume is at one of the lowest points it has been over the last two years. Source: Bitcoinity

I wrote about this issue years ago, discussing the existential threat facing bitcoin. This was during the 2015-2016 bear market when Bitcoin Core was really the only group working on the protocol. Not long after my piece was published on CoinDesk, an MIT initiative providing $900,000 worth of funding for bitcoin development was announced.

This isn’t to say markets are the single unifying force in crypto, but it’s important to recognize the significance. Augur seems to be an example of this as news comes out about that project seems to affect price. Augur went up as its 2018 launch approached. Yet as volumes hit $1 million and an assassination market developed the price began to decline.

Augur is an interesting project funded directly by crypto via its own token. But Augur depends on other projects to use its network in an open source fashion. When a trader’s market depends on that, it’s an issue.

Veil, which relied on Augur’s protocol, closed up recently. It is an example of this and how the market perspective can impact things. Less trading means less interest in projects like prediction markets.

Zcash and Litecoin

Zcash and Litecoin are experiencing difficulties funding development and other expenses. Both projects have indicated it is the market causing these issues.

The Litecoin Foundation’s finances are in the red. Founder Charlie Lee seemingly is just funding it at this point. Blame for this has been put on crypto’s bear market, which shows projects are more influenced by trading than most in the ecosystem realize.

“The goal, of course, is to get Litecoin Foundation to be self-sustaining from donations, partnerships and merchandise sales,” Lee said. “Until we get to that point, I have and will continue to support the Litecoin Foundation financially as necessary.”

Litecoin isn’t much different than bitcoin, although they did experiment with things like SegWit before BTC implementation. Yet the litecoin community clearly doesn’t see a reason to put forth money to keep the Litecoin Foundation operational.

Zcash can be considered differentiated from both bitcoin and litecoin with increased privacy features. Zcash’s shielding technology is indeed novel, though only a small number of transactions are shielded.

The black line represents unshielded transactions, while the blue line indicates shielded Zcash transactions. Source: Zchain

Is there a community in need of zcash and its privacy protections? Time will tell, although from a trading perspective banks seem to have issues with it. And example of this is when Coinbase UK dropped the asset in Europe likely due to banking pressure.

“I opted for the initial Dev Fund to sunset itself, so that in the future, if Zcash were a success and a community were to grow up to support it, that community would have to collectively decide what to do next,” said Electric Coin Company CEO Zooko Wilcox.

Time will tell how much support Zcash will get.

Where Funding Comes From

“I think things have improved greatly in terms of the breadth of different funders.… We’ve had an explosion in people that want to fund open source work in the space,” Matt Corallo told CoinDesk recently after joining Square Crypto.

If there’s an explosion of funders for open-source crypto, they are keeping it pretty quiet. Coinbase has talked about support for open source, offering $2,500 per month starting in early 2018. However, there hasn’t been any updates since 2018 and the Coinbase Open Source Engineering site no longer works.

Square Crypto is willing to pay its developers salaries in BTC to fund bitcoin development. Jack Dorsey wants to “improve money.” That statement seems to indicate Dorsey’s not really sure what cryptocurrency is. Yes, people did buy $125 million of BTC from the Cash App. But are they using bitcoin for payments?

Why don’t miners help pay for more open source development? Traders? What are the stakeholders providing funding? Square Crypto. Blockstream. Lightning. MIT. The Ethereum Foundation. Who else is putting resources into crypto development?

2019 has been a good year for Gitcoin. Source: Gitcoin

OKCoin just announced a contest where users vote which version of bitcoin (core, cash, SV) to fund development. The exchange is donation up to a whopping 1,000 BTC. Something feels a little bit divisive about a campaign like this, even though the effort is called “Let’s Build Bitcoin Together!”. Sounds more like building very different versions of bitcoin very separately.

In the ethereum and dapp ecosystem, Gitcoin has paid out over $2 million to developers, with ConsenSys apparently leading the way. Maybe other cryptocurrency projects should have a community-based resource like this. Despite low volumes in the trading market, Gitcoin appears to be working.

Developers over Investors

Recently, Binance announced funding for 40 developers to work on open-source projects.

However, the requirements for an “evangelist” to receive funding means building exclusively on the Binance platform. That seems trading related, although with Binance X and Venus, its likely to compete with Facebook’s cryptocurrency project.

Could it be, shocking as it may seem, that Libra, with 28 members, could help move crypto open source forward?

Despite criticism from literally everyone, the project is still expected to become an open network. Endpoint wallets will still need to provide the KYC/AML compliance. Yet there could be a lot of money contributed to open source surrounding the project. This might be true if they follow the Gitcoin playbook.

Markets don’t always go up. Litecoin has had to cut salaries despite Charlie Lee’s salvo. And the Zcash foundation is spending more than it’s bringing in. Ironic for there to be funded bailouts for cryptocurrency development. Or running deficits. In these cases, it’s easy to blame it on the performance of the crypto market. Because one has to wonder: How will open cryptocurrency development do financially in the future if some of these big-name projects can’t find funding?

Market dynamics have never stopped open source outside of crypto.

Look at Red Hat – no market ever stopped it from figuring out open source. It focused on developers, not investors. Crypto projects should pay attention to what has worked in open source over the years. It should not depend on donations correlated with the whims of the market.

Cold money via Shutterstock

This news post is collected from CoinDesk

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