Simba Social + Mastodon Radically different social media.
Currency Hube has joined the Mastodon fediverse with our new social media service: SimbaSocial.com.
What is Mastodon?
Mastodon is free and open-source software for running self-hosted social networking services. It has microblogging features similar to the Twitter service, which are offered by a large number of independently run nodes, known as instances, each with its own code of conduct, terms of service, privacy policy, privacy options, and moderation policies.
Mastodon aggregates messages in local and federated timelines in real-time. The local timeline shows messages from users on a singular server, while the federated timeline shows messages across all participating Mastodon servers. Users can communicate across connected Mastodon servers with usernames similar in format to full email addresses.
You know best what you want to see on your home feed. No algorithms or ads to waste your time. Follow anyone across any Mastodon server from a single account and receive their posts in chronological order, and make your corner of the internet a little more like you.
We are excited to have been recognized for our ongoing efforts in growing Bitcoin acceptance as well as growing our cryptocurrency businness. ChainNews used data sourced from Crunchbase and SemRush.
ChainNews selected selection criteria was exceptional performance in one of these categories:
Innovation
Innovative ideas
Innovative route to market
Innovative product
Growth
Exceptional growth
Exceptional growth strategy
Management
Societal impact
About currency Hub: With support for more than 50,000 trading pairs as well as fiat to crypto purchases, CryptoSimba.com is a non-custodial cryptocurrency trading platform where every transaction is encrypted, secure, and verified. It’s built using state-of-the-art tech with an appealing interface that allows anyone to safely buy and trade cryptocurrency. For more information, visit https://currencyhub.io.
E-commerce platform CoinMonster.store launches a new affiliate marketing program.
The Coin Monster Store carries crypto branded gear for various Web 3.0 projects and has grown organically, primarily by word of mouth. With the launch of our new affiliate program you can now earn commissions when referring people to our store. Affiliate members receive commissions from all qualifying purchases. Our competitive conversion rates help members maximize earnings.
Members use their customizable affiliate links to refer customers to our site. Members can also share discount coupons and earn referral commissions every time their coupon is used. With our new dashboard affiliates get access to real-time metrics, creative assets, payment updates, and other account activity.
An Affiliate Program allows you to earn commissions by referring new customers to Coin Monster through affiliate links and banners placed on your site, social media, email or other channels. When a user clicks on your banner, custom link or uses your discount coupon code and then lands on the Coin monster site and makes a valid sale, you get a commission for the sale.
Signing up is easy with instant account approvals.
Crypto industry leaders turn to FIO as they look towards the future.
Cryptocurrency has long been heralded as a technology that can change the world. But the fact is that it is largely only understood or trusted by those who understand the technology. This is because cryptocurrency is still pretty difficult to use. Sending funds to a seemingly random and unreadable hash of characters and numbers is something that turns off the average person.
Like the Internet before the World Wide Web, cryptocurrency needs a layer of technology that bridges the technological complexity with a more friendly user experience. The experience of dealing with even one cryptocurrency is not very satisfying for the average user. Combine this with all the exchanges and different tokens (along with their different address) that users must interact with and it can become a bewildering experience. FIO offers a solution to all of this by abstracting this complexity into a layer that simplifies and integrates much of the cryptocurrency ecosystem to give a cleaner and friendlier presentation to the end user.
What is FIO?
The FIO (Foundation for Interwallet Operability) Protocol is a decentralized service layer designed to improve usability across the entire cryptocurrency landscape. It is an industry standard that will simplify the interaction between every blockchain, token and coin. The protocol will be ultimately guided by the Foundation of Interwallet Operability (FIO), a consortium of wallets, exchanges and crypto payment processors.
How Does FIO Make Crypto Easier and Why is it Important?
The FIO protocol provides an address that works with every token and coin automatically. All the different addresses that must be used for each coin or token are no longer necessary to know about or even see. These addresses can be human-readable as opposed to the cryptic hashes that are used on the blockchain. Along with the ability to send fund requests to other parties, you can also attach metadata to any transaction. This removes the sometimes confusing task for figuring out what was behind a cryptocurrency transaction. This information can be encrypted to ensure total privacy.
Though FIO is still in the early stages, there are many other great features planned. These efforts and more are publicly viewable on this handy site, fio.tools. They are laid out in FIO Improvement Proposals (FIPs).
All of these features are important because making the use of cryptocurrency easier will make it more attractive to use. Being easier to use means that cryptocurrency’s advantages will shine that much brighter and increase its adoption. Abstracting public addresses and private keys will go a long way toward making the use of cryptocurrency so easy that even Granny can use it.
Increased adoption is something that all who are invested in cryptocurrency are eager to promote. That’s why Binance with its venture capital arm, Binance Labs has participated to help fund the development of FIO.
Binance Labs Led a Series A Funding Round Which Raised $5.7 Million for FIO
Dapix raised $5.7 million to fund the development of FIO, with Binance Labs leading the way. Other investors included Access Venture Partners and Dundee Venture Capital. This fundraising round followed a seed round in 2018 which raised $2.3 million.
FIO Token Now Listed on BitMax and Binance
On July 9, 2020, BitMax.io announced the listing of FIO Protocol on its platform. This was the first platform to list the token. On July 31, 2020, Binance listed the FIO Protocol in the form of the trading pairs FIO/BNB, FIO/BTC and FIO/BUSD.
A look to the future
The average person is no more comfortable using cryptocurrency in its present state than your grandpa is navigating a Linux command line. In order to get adoption for cryptocurrency as a whole, an easier and friendlier outward presentation must be made to the user. FIO offers a tremendous vision for making this happen. It is not only a vision but a project well under development to make that vision a reality. With funding from cryptocurrency leaders like Binance Labs and with a growing number of cryptocurrency exchanges on board, the project has the initial funding to proceed and the ability to raise more funds increases with each exchange listing.
Cryptocurrency has vast potential to break down financial barriers. One barrier that is often overlooked is the barrier to entry that comes with being difficult to use for the average person. No matter how often enthusiasts downplay these difficulties, the fact that remains that average people who are not passionate about the technology will not make the sacrifice to learn how to use it. That’s why a project like FIO is needed and companies like Binance recognize this. Having a user-friendly layer on top of the cryptocurrency ecosystem has the potential to greatly enhance the community as a whole.
About the author:
Brad Spannbauer is the founder of Currency Hub LLC. He is a 20+ year internet veteran, compliance guru and a Certified Bitcoin Professional.Currency Hub is a FIO affiliate member & block producer.
Enigma wants to build a better internet by solving for privacy.
Enigma builds and supports groundbreaking privacy-focused technologies and networks. They are a core contributor to the Secret Network, a unique blockchain-based network where computations can be performed on encrypted data. Enigma’s mission: improve the adoption and usability of privacy-first products, for the benefit of all.
Enigma started at MIT in 2015 with a vision: solve the privacy crisis caused by today’s broken, over-centralized internet. A more decentralized internet, based on decentralized protocols and privacy-first products, can create enormous value, opportunity, and freedom for millions of people.
Now on Currency Hub, you can buy and sell ENG token, the native digital currency of the Enigma protocol.
About Enigma: We are securing the decentralized web. We solve for privacy with “secret” smart contracts, allowing dApps and blockchains to use private/sensitive data.
About currency Hub: With support for trading 150+ cryptocurrencies and fiat to crypto purchases, CurrencyHub.io and CryptoSimba.com are non-custodial cryptocurrency trading platforms where every transaction is encrypted, secure, and verified. It’s built using state-of-the-art tech with an appealing interface that allows anyone to safely buy and trade cryptocurrency. For more information, visit https://currencyhub.io.
