crypt of products.And then, if these are unregulated and can be highly risky, there may be no regulatory recourse for any loss from such transactions.This is coffee and cashew.I’m Arun Singh.
I am ready to burn the floor tonight.
Don’t worry, it’s just a visa or what we’re going to discuss.
And that is by back and burn strategy.But before that will be starting with big storeys of the week.Big Indian crypto exchanges have disabled rupee deposit for the purchase off crypto currency, using a widely used stayed back transfer system.That is.
The decision follows a one line statement last week by the National Payment Corporation of India, which said they are not aware of any Crip question using its framework, which eases bank transfers and major exchanges have restricted P move.Move had a non fungible token of Twitter.Founder Jack Dorsey’s first tweet received the highest bid off to $80 just to $80.Mr Dassey’s first ever tweet on May 21st, 2006.Red.
Just setting up my Twitter.It was bought by Krista entrepreneur Sina Safi for $2.9 million.He put it up for auction at $48 million.
Too many figures to understand days.This went on sale for $48 million and ended with a top bid of just 2 $80.But he had two days to accept this bid, and he did not, and he had also said that he might not even sell it.So of course he got such a low bits of health.Didn’t really go ahead with moving ahead Crystal and a neck So said it has teamed up with global payments company MasterCard to launch what it calls world far crypto bag payment cards.But how and where will it work? Well next? Oh said the card will be available in selected European countries.
For now, users will be able to spend without having to sell their digital assets, such as Big Coin, which are used as collateral to back the credit guarantee.
That’s all for big storeys of the be week, but we now will talk about buy back and burn strategy.Our gas will also be joining a shortly, but before that are explainer, and for that we go to us buy back and bond crypto strategy.What is it? Cryptocurrency faces great price volatility while while the market and the asset is relatively new, so in order to add stability to the price fluctuations.
Token issuers used by back and coin burns to tweak the supply demand cycles.But we’ll divide by back and burning into two and begin with buy back.So removing an asset from circulation to add just availability and value is called by back, whereas burning occurs when tokens are delivered to an unusable wallet address, also known as a zero address or eater address to remove them from circulation.But the address of the burn wallet is available to know one, and once crypto enters a squalid, it is lost forever.
Miners are also allowed to burn Cryptocurrency through a proof of burn that is P o.B.Consensus mechanism.
So these are two different terms popular in stock market as well.
Publicly traded companies buy back their stocks to reduce the supply of shares available for trading.Encrypt a world buyback limits the supply of the asset, which serves a purpose, right? That’s what the purposes.But Burling impacts the currency and capital assets as well.The Stokan issuers use a combination of both as well, which is called by back and burn.
But we will try to talk about this with our guests and explore how the combination really works with Navid.US.
Ashish AnAnd, founder and CEO Brew Finance also has Nepal chief blocked an architect Hybrid finance Blockchain A very warm welcome to both of you starting with euro hast So we have given the explainer if you can first give us the overview or let’s say your opinion on it.Sure so one of the most famous examples is by Nance Coin or BNP.
When in 2017 finance came out with its white paper, they announced at that time that we are going to start with 200 million coins every quarter.We will buy back certain coins and keep burning them till we are left with only 100.So what they are chief by this burning is they’re reducing the supply and thereby logically the price should go up.So I’m quite a fan of burning of another reason for this is suppose of particular Crypto Project has a lot of funds, but it has no mate to deploy the funds.So instead of just sitting on the money.
They should go to the market and buy back their own tokens and keep it so that the cash can be deployed in a better financial manner.And that is the same strategy followed by some of the biggest companies in the world.Also, where excessive cash holdings are used to buy back the security.Sure will.Okay, you are and will also have read it in multiple euro sources about the combination of both.These will also touch upon that.But before that, I also like to go with Mr AnAnd.
Your what is your overview and one example African court, or just like your opinion on buy back and burn.Mr.AnAnd, I believe you muted yourself difficult on mute.Assure our high so it We know that most of the trip to projects actually act like a supply of currency writer and entire sales.The actor Central bank of intensive is where the central bank and reduce or increase the supply of the currency depending upon the mechanism set out into the particular Cryptocurrency.So certainly burn is one way to reduce the supply just to ensure that if the tokens of the reduces so upward effect on the prices will be seen and the most famous example actually like now is 559 of its area mission came back came last year and since then almost of 3.5 crore to u20b94 crore of keep theory.Um, tokens are burned every day.So and that has actually held, if you see that are very, um, prices to have actually outperformed Been coin event in the Sure Ross, you also talk about combination of too.
Of course, there are lot of conventional cos as you also mentioned who have been using it in stock market as well.But they say a lot of token issues are also using a combination of both this.How does that work? So what we have to remember is inner buy back.The founders of the project are buying the tokens and keeping it in their own wallet.But later they can always but in a burn.You are sending that to a burn address, and those tokens can never be recovered against.So in an ideal situation, you would do a buy back so that if you want to issue it back, you can just sell them again.I think in many projects a buyback would make more sense.
But in some projects, like virus Viviana downstate, a bomb explosion.So depending upon the realities of your crypt of project, you would choose between these two or maybe even tried to use both.But the ultimate objective of both is the same.To reduce the supply and thereby increase is the price.But then there is also smart contracts.You know, when we enter the crypto world and we’re talking about buy back and burn strategy, there’s also a huge role of smart contracts.
What does that do, Mr AnAnd? So see, essentially, when we talk about any sort of action we cannot depend upon, A were sent to take that action in the crypt.A world that action is taken in the world by the small contracts based upon the governance decision taken by the took and hold us typically So, for example, when we have burning a token, we need to send this stokan to a violet where from it can never really trade.And that work is typically done by the smart contracts so that it will transfer those tokens from useable volleys to non useable wallet.And that way that supply can never enter the circulation once again.So that way you can think of it like a when we well cos to buy back of their shares.So cos and as this provision that those shares which have been born back must be taken hound of further supply.
So the same function is performed here by the smile contracts? Exactly.I mean, let’s say when we talking about burning some smart contracts also guarantee investors at the currency being sucked out will never really re enter the system.RoHaas How important as that get it is so when it Harry, um does it so inside, when you create a token, one of the fields that you programme into your smart contact is is it burnable only to save vulnerable, then in future? Can you actually do that? Now, here we have to remember.The only guarantee comes if it is burnt.
Not if it is baht bank, because er by bag, it’s in a private volleyed.It can always come back, but in burning every block, change when it is set up for the first time automatically generates a burn address and it looks very different from a typical conventional addressed, and any token sent to the bird addressed technologically, can never be recovered against.
That is like one of the fundamentals of the blocks and right, thank you so very much, both of you for explaining buy back and burn in such a simple way when, of course, if one of our viewers of any of you want to go back to it, you can always search it on.Social media platforms are explainers remain there, and now it’s time for us to move on to our next segment, which we call McCue.That’s my crypto queries we have with us.Shara, Chandra, weepy research and strategy.I’d He is a Blockchain and emerging tech evangelists, a very warm welcome.He’s our expert tonight, and he will be answering all your queries as he does every single episode in a very simplified way.
First query that we have is from fires on, and he asked any suggestion on step in N F t.Well, what is that? Users who buy the games non fungible token can on reward for every step they take that quite an interesting concept.So Mr Chandra What are your thoughts on it? It’s a very interesting product and the team behind it is also very great.In fact, they happen to be one of the winners of the salon, a hackathon which happening create anyone Australian tune.
So then what they’re doing is that riding high on the wellness train, which is taking up surveillance itself, is our 1.5 trillion, or economy according to So it empowers.Users do kind of as he a habits trying.So you start earning nifty Zara points in terms of the steps it a core or of the calories of one, right, So they’re promoting healthy living and any will start adopting these.It’s kind of bringing element of Gamification to a fitness and also rewarding users right.We’re after physical, very, very interesting concept.
And recently, even if he was announced by finance that violence and FT market place that they are tied up with a sick sneakers.So it’s a stand and condenses in Skipper’s virtuously.This to be precise and going yes, and I remember talking about that on our show as well.Moving on to our next query fun, Indra says.What factors to see before buying a crypto coin.Or that’s quite I mean the you know, it is quite a while question.And if you can, uncertain as brief where as possible.
So going back to the previous answer, which gave I just always important.Look, look at the team, which is behind the project.What exactly are they into, for example, of the system in is about Gamification, right and wellness and health benefits.So if they’re passionate about a project, or let’s say any product is a gaming for that or vegetables.So it also gets down to the project, which is which is in in demand for that murder rights or any Eustace, which is in demand in and again lot of primary those products will be gained.Intel India’s to come interesting And now we put up you know, this storey to invite these questions, and a lot of questions were linked to Sheba coin.I mean, there’s one carry that ask comments on Shiva.Quand is awesome, are in that the handle and he is asking Shiba Inu Co whole car car, a k a cell.
Catania were several other queries related to Sheba Point and I just want you to introduce of us to Shiba Inu and then talk about your opinion on it.Of course, you’ve done a full episode on this as well, but very quickly.If you can answer their question and one specific one is that should they hold it or sell it At the moment she was, You know, there is one of the top, most mean coins after those twenties.Also call the goes point this at times it’s price has unearthed taken over of corn prices.But if you look at the recent developments now, this week itself in the metals was enhanced.So the shipment of us this is by being his.And it was also listed on on leading exchanges called Robin, so that also lead to spike in prices.What’s happening is the Andrzej leaders suggest that there’s accumulation of Sheba tokens by some of the valid bail strategy.
That’s one promise you trying various see accumulation happening.Also, the consent supply allowed spun down a couple of burned events plans, so it’s estimated at close to 4.3 billion to of Shiva locals only bounty and in coming days, rights or it also tells us that the circulation of tokens will be released.Difficulty that that also need to rising prices.Right? The new tax regime is in action in the country that is 30% tax on every prophet you made from Cryptocurrency and art.
If has asked loss.Mick ITN attacks Dana Hoga So it’s It’s as simple as that Hamas stack should be p on losses.So I mean, I really don’t have to be any attacks in los ist.It has to be around on the profits to me.
So if have making losses, then again, only thing is you can’t offset losses against 11 point buses.Another around.
Worry about lost our taxes.If anything, losses.
Thank you so very much.That’s all the time we had for this segment.Thank you, Mr Chandra, for answering our questions.And now it’s time for us to take a very short break.Paul, After discussing crypto tools, what asked roadies are ABS and help users take advantage of the volatility of the market.Will be discussing stop three tools picked up by our guests.Don’t go anywhere.
Keep washing, Copping, watching coffee and tripped.I’m Arun Singh reports.I was grooving to the music that half of so and now we’re talking about 52 what our capital has begin with this explainer that these are ABS are help users take advantage of the volatility of the mark.
Please.APs offer tools like charts, graphs and moving averages, and it helps determined best entry and exit points in crypto market.So basically, these are tools that can arm and investor, and there are several different genres of these tools as well.And we’re discussing three tools and for first one is lunar crashed balloon.
I’ll crush acts as the integrating platform between social media and Cryptocurrency.The second one is Coin Market Cal.That is a platform which is more or less like a crypto calendar that updates you about all the upcoming events of different coins.And then we have trading view, the most popular charting and analysis to used by crypto currency traders around the world.Are we discussing these three with our gas? RoHaas nag people once again very warm.Welcome again, Mr Nag pal.
Now let’s begin with your pick out of these three mean lunar crash.Maybe you had to.
Luna crashes one of my favourite.So what they do is they collect activity from across social media, all the different social media platforms, discord, Twitter, Facebook link in all of them, about thousands of Crypt O’s and all the major exchanges.And what other influencers posting and based on all these, they tried to give it to you in small chunks of information, which you can then use to make your own calculations, whether you should buy, sell or hold a particular crypto so out of the three.
But then we also is keep saying that you know, do not trust social media.The buzz can be fake.I mean, where does that fit in here? It’s a very good point.But sometimes what we must realise is that even though the bus may be wrong but because of very large number of people are saying something or because certain influences the same something that impacts the prices.Like if you may remember, a few months ago when there was a rumour that crypto will be banned in India because the room are was so strong and so many people were saying it, the price actually felt and you had a huge you know arbitrage opportunity between us led and the U.
S.Governor.So even if the new stands out faith, you can actually make money when the rumour is very, very hot.Okay.And now, a stock about coin market Cal is actually very useful because he in the crypt of one.
There are lots of announcements, like a main net lodge.A crypto listing token burns private sales network upgrades.Ask me anything sessions conducted by the project.Now, if you don’t know about this information in time, you actually lose out.Because the final and a particular main it is launching.I can actually buy the crypto in time so that when the general public comes to know, I can get a higher price in Selma investing.So I think quite market.
Cal is something that people like me would look at a daily basis.You see what all is happening in the butt? You recommend this to an active trader, right to no action, even to our long term investor and holder.Sometimes some of these things are important.Like lecture.
You really like a project.You’re a long term holder.You should still attend by Ask me anything sessions which are done by the project team that you know what is a long term vision.So I think anybody and everybody should, on a daily basis, look at a calendar.Sides like and I believe you can also vote.And then there are events also held.
And then there’s a verification process also for user’s to participate in in those you know, calendar events.Absolutely.You’re right of them.Specifically asked about the surgeries, traders or other raiding view, on the other hand, is a platform meant for traders, because that is going to give you all the charts for technical analysis there.If you’re a fundamental investor who looks at the marriage of the project that are, trading views are.But let’s talk about trading view than in detail.I mean, of course, it is also one of the most popular and one of the most talked about tools here as well as you.Point pointed out that it it’s for daily traders.
It actually delivers charts and analysis tools right, which essentially is need of every single trader.So what happens is when we look at it from a trader point of view, she is not looking at a long terms in area.He is not thinking one year and two years, he’s thinking minutes.
So you know, when we look at the weather graph is moving.It can sometimes indicate to you when a particular crypto is overboard when it is over, sold handed.Based on that, you are making decisions in seconds and minutes.I don’t do it.It is a highly stressful job, but those who are in the business of trading for them these kind of charts and analysis are critical.They are making buying and selling decisions in real time based on this data, and that is why sites like trading we was very important and I never used this.But I’ve read that, you know there is a free and premium version, but free version is is as good as as a premium version are.
So what happens is three version is even inside your own crypto exchange, whichever you are having an account of.But what happens is inside the crypto exchange graphs, they are only showing you their own trading.But when you was an external site like trading you, they are able to get data from multiple exchanges and nowhere Ament, the fi version.I mean, I meant a free version of Trading View is as good as the premium version is is what has been reading the reviews.So what happens is the premium version will give you more responsive, more millisecond based, whereas our free version may slow down the information coming to you every few minutes.
Here, it would have dead more offer that across the board.
And secondly, the options of which coins are covered or which exchanges they pull into those are better.If you go for the PRI members and that’s not only for trading you in particular, it’s for most of these other.Nobody would pay them morning, so that is why they have to create that difference between the free, of course and also other dependent or linked on exchanges.Of course, now I am talking about moving away from these 32 that we discussed, but otherwise, in general, these tools do singer.They’re linked to certain exchanges regions, and that’s how one should choose their tour absolutely correct so that a very, very good point of actually raise So because ultimately trading is happening either.A centralised actions or a decentralised action.
These graphing sites are charting sites.They have to pull data from exchange so they always take the top 10 or top 20.Exchange is based on the liquidity and other factors.But if you are an Indian, then you would logically look at the Indian sites because you also want I are trading at some time.There can be a huge difference in pricing between what is in the U.S.
Duty verses what is in Iowa.So depending upon your country, you would ideally choose exchanges or charts from your part of the world.Makes a lot of we’ve discussed these three lunar crash coin market Cal trading view, but we’ll try to discuss more tools in the next episode.But that’s it for now.
Mr.Nepal, thank you so very much for joining us for this show.And with this you come to an end of this so called coffee and prime Arun Singh is good bye.