Dimension Chain 24 Hour Volume Hits $2.34 Million (EON)

Tezos (XTZ) traded 1.9% higher against the dollar and now trades at $1.33 or 0.00018121 BTC. GXChain (GXC) traded 1.2% lower against the dollar …

Dimension Chain (CURRENCY:EON) traded 4.3% lower against the US dollar during the 1-day period ending at 11:00 AM Eastern on December 30th. In the last week, Dimension Chain has traded down 14.2% against the US dollar. One Dimension Chain token can currently be bought for $0.25 or 0.00003352 BTC on major exchanges including BitMart and Bithumb Global. Dimension Chain has a total market cap of $60.23 million and approximately $2.34 million worth of Dimension Chain was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

  • Tezos (XTZ) traded 1.9% higher against the dollar and now trades at $1.33 or 0.00018121 BTC.
  • GXChain (GXC) traded 1.2% lower against the dollar and now trades at $0.39 or 0.00005355 BTC.
  • Smoke (SMOKE) traded flat against the dollar and now trades at $0.0444 or 0.00001179 BTC.
  • Apex (CPX) traded up 0.6% against the dollar and now trades at $0.0015 or 0.00000020 BTC.
  • DAPPSTER (DLISK) traded flat against the dollar and now trades at $0.0004 or 0.00000006 BTC.
  • Tezos (Pre-Launch) (XTZ) traded down 16.1% against the dollar and now trades at $3.26 or 0.00049283 BTC.

About Dimension Chain

Dimension Chain (EON) uses the hashing algorithm. It was first traded on March 31st, 2018. Dimension Chain’s total supply is 2,000,000,000 tokens and its circulating supply is 244,783,561 tokens. Dimension Chain’s official Twitter account is @ex_scudo. Dimension Chain’s official message board is medium.com/dimensionchain. The official website for Dimension Chain is dimensionchain.io.

Buying and Selling Dimension Chain

Dimension Chain can be bought or sold on the following cryptocurrency exchanges: Bithumb Global and BitMart. It is usually not currently possible to purchase alternative cryptocurrencies such as Dimension Chain directly using U.S. dollars. Investors seeking to trade Dimension Chain should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Dimension Chain using one of the aforementioned exchanges.

Receive News & Updates for Dimension Chain Daily – Enter your email address below to receive a concise daily summary of the latest news and updates for Dimension Chain and related cryptocurrencies with MarketBeat.com’s FREE CryptoBeat newsletter.

Related Posts:

  • No Related Posts

Harbinger Tax Is a Hybrid Solution To Domain Names: Ethereum Co-Founder

Ethereum Co-founder and famous crypto analyst Vitalik Buterin participated in a twitter thread on domain names talking about the importance of …

Harbinger Tax Is a Hybrid Solution To Domain Names: Ethereum Co-Founder

Harbinger Tax Is a Hybrid Solution To Domain Names: Ethereum Co-Founder

  • The thread began with American entrepreneur Scott Banister losing his NIST account.
  • Balaji Srinivasan replied that he loved the idea in theory but had doubts about its practicality in functioning.
  • This exchange is similar to the thread by Uniswaps Exchange Engineer Noah Zinsmeister.

One of the hottest topics in the crypto-market right now is the domain pricing on small character names. Ethereum Co-founder and famous crypto analyst Vitalik Buterin participated in a twitter thread on domain names talking about the importance of Harberger tax on them.



He believes that not doing so will encourage corruption in the long run. He further also spoke of Harber
ger Tax as partial ownership and explained his insights on how it can prevent a monopoly.

The thread began with American entrepreneur Scott Banister losing his NIST account. His wife and entrepreneur, Cyan Banister, announced that the report had been stolen and changed. She further said that they could not retrieve it due to the new rule on 4-character names.

Order of events: This account @im_ice_cubes stole my husband’s account (those followers are his) and changed the name of the account making @nist availble. Why they would do that seems fishy. Husband couldn’t get name back because it is four letters (new rule). Gov takes it. https://t.co/HPlsPLW3ts

— Cyan (@cyantist) December 28, 2019

This intrigued Balaji S Srinivasan, the cofounder of Coin Centre, who believed that domain names and user names should be private property. He stated that in the medium term, the current regulations would lead to sites that create tradeable usernames.

“I believe new sites will create that use crypto domains and NFTs for tradeable usernames,” He said. This evoked a response from Vitalik, who spoke of Harberger tax as a means to counter first-mover privilege.

Incredible series of events.

Scott Banister has accepted the outcome — but in the medium term, I believe new sites will be created that use crypto domains and NFTs for tradeable usernames.

These should be private property. https://t.co/2hy0lYmlCm

— Balaji S. Srinivasan (@balajis) December 28, 2019

Eh, IMO small-letter names should be Harberger-taxed or something similar. Otherwise the system feels attractive in the short term but first mover privilege corrupts it in the long term.

— vitalik.eth (@VitalikButerin) December 28, 2019

A user, marc, asked the Ethereum Co-founder to explain the functioning of the Harberger tax. In response to that, Vitalik said that it is a partial ownership system. “. The owner sets a price at which anyone can buy the asset from them, and they must pay a tax proportional to that price.” He added.

He also explained that the objective of the tax is to counter the monopoly in the system and obtain revenue that can use for funding.

Drop me your best insight into Harbinger tax, Vitalik.

Haven’t spent time to consider it but in a perfunctory glance I see nothing. In fact, I see an obscure reaffirmation of something quite a bit broader and what is likely the end goal regardless.

— Marc (@azeroz) December 28, 2019

Balaji Srinivasan replied that he loved the idea in theory but had doubts about its practicality in functioning. In such a system, setting the price too low will, and it brought out under, whereas setting it too high will lead to a substantial annual fee. He wondered how the everchanging rates of the crypto market would cope with the system.

He questioned if the system will house a 30 – day repricing policy. He also pointed out that this will disadvantage small start-ups. They will either forced to pay a large amount of tax or have their name bought by more prominent companies.

I love the idea in theory. Set the price of your property too low, and it might get bought out from under you. Set it too high, and you have to pay a huge annual fee.

But given how dynamic the prices of real estate or crypto are, I’d like to see how it works in practice.

— Balaji S. Srinivasan (@balajis) December 29, 2019

So, two thoughts.

1) Is there an optimal re-valuation period? Eg every 30 days you reprice it?

2) It seems to cause uncertainty for small startups and disadvantage them vs large cos. Either the startup pays a big fee, or the bigco can just buy their name out from under them.

— Balaji S. Srinivasan (@balajis) December 29, 2019

To this, Vitalik Buterin recommended a limited price-capped version. He suggested a 250 USD per year annual fee for anyone who wanted to keep their name. To pay less than the amount, one must open his doors for anyone who wants to buy it at (the annual fee you pay) / (the tax rate).

He also proposed the function asymptotic: buy price = fee * 250 / tax rate / (250 – fee) to get rid of the sharp cliff. He stated that the goal is to tax the ‘squatter ecosystem’ and “force them to serve the public good more.”

I recommend starting with a limited price-capped version: if you pay $250/year, no one can take the name away from you. The main goal would be to tax the squatter ecosystem and force it to serve the public good more.

— vitalik.eth (@VitalikButerin) December 29, 2019

To clarify, if you pay *less than* $250/year, then someone can grab it from you at a price of (the annual fee you pay) / (the tax rate). You can also get rid of the sharp cliff by making the function asymptotic: buy_price = fee * 250 / tax_rate / (250 – fee) pic.twitter.com/VybsgQHU2y

— vitalik.eth (@VitalikButerin) December 29, 2019

Balaji Srinivasan agreed by pointing out that with a price for premium domain registrations, one can tax the squatters without harming the start-ups.

That’s interesting. So essentially for the price of a premium domain registration (some like .inc are $900+), you can deter squatters without imposing too high a fee on startups.

This is a good site to calibrate the exact numbers:https://t.co/YtkaNxEhznpic.twitter.com/FEXw6qUMie

— Balaji S. Srinivasan (@balajis) December 29, 2019

Vitalik Buterin further added that the objective of the Harberger tax is to optimally impose the colonists and ensure that the resale value is proportionate to the actual amount. It also has the advantage of providing a standard interface for sales, he said.

Right. The goal is that under harberger tax the optimal price for squatters to set resale prices is proportional to the actual value of the domain, so the squatter ecosystem is incentivized to set prices optimally to avoid domains going too slow *or* too fast…

— vitalik.eth (@VitalikButerin) December 29, 2019

… *and* they’re forced to offer sales through a standard interface instead of brokers or stupid one-on-one negotiations. Oh, and you’re also taxing the squatters every year, and your tax can actually capture a substantial portion of the value of the system

— vitalik.eth (@VitalikButerin) December 29, 2019

This exchange is similar to the thread by Uniswaps Exchange Engineer Noah Zinsmeister, who complained that a $160/$640 price for a 4/3-character name was ridiculous, and ENS should look at a system where “yearly Harberger-style auctions with a hard max that give existing owners priority.”

The fact that 4/3-character @ensdomains names cost $160/$640 _per year_ is pretty ridiculous. At the very least wouldn’t yearly Harberger-style auctions with a hard max that give existing owners priority if reached be better than this?

— Noah Zinsmeister (@NoahZinsmeister) September 5, 2019

With these multi-faceted views coming in, it is difficult to anticipate where the future of the domain names system and Harberger tax lays.

Related Posts:

  • No Related Posts

Bitcoin, Ethereum are most profitable investments of the decade

As the decade draws to a close, it’s time to look at the investments that were the most successful. And, unsurprisingly, cryptocurrencies top the list of …

As the decade draws to a close, it’s time to look at the investments that were the most successful. And, unsurprisingly, cryptocurrencies top the list of the most profitable investments of the decade.

Up first, is Bitcoin. The first cryptocurrency, built by an anonymous programmer known as Satoshi Nakamoto, it led to the creation of many Bitcoin forks—alternative versions running on similar code—and thousands of altcoins, either using the same code or trying out new features. But, if you got in early, you had the chance to make a quick buck.

Since the first bitcoin was available for trading, its price has accelerated 62,500 percent. Outshining many traditional stocks, it even spawned an entire culture built around prices “mooning” and the promise of lovingly labelled “lambos.” Due to the extreme rise, many critics have called it a Ponzi Scheme and say that its price pumps are bubbles that keep popping. But despite the criticism, an entire industry has been built around Bitcoin and other cryptocurrencies, leading many countries around the world to start adoption blockchain technology.

Much of the promise of blockchain technology can be seen with Ethereum. It offers features known as smart contracts, which allow for the creation of decentralized apps. These have interesting applications, particularly in the world of finance.

The price of Ethereum has shot up too. Even though the price has dropped heavily since its all-time high in January 2018, the price of Ethereum is still up by 17,900 percent. One ETH is currently worth $132.

However, some traditional stocks have not been far off. Netflix had a strong performance this decade, rising 4,280 percent. It’s not too surprising given how ubiquitous it now is. Even new films are now launching on Netflix instead of heading to the cinema. But it’s epic rise has led to an increase in the number of competitor video streaming companies. Will it be able to fend off the competition going into 2020?

Along with the rise of Netflix, and watching TV at home in general, another company did particularly well. Domino’s Pizza saw an increase in share price of 3,000 percent. Who knew pizza and TV were a winning combination?

In line with the trend of not needing to go outside, Amazon grew considerably in the last decade, rising 1,250 percent. It’s worth noting that not only does Amazon ship products to your door but it also offers a TV streaming service. What’s next, Amazon pizza?

Those doing yoga, trying to work off the 1,000 calorie pizzas, helped to boost the price of Lululemon shares, a retailer known for creating activewear and clothes for “most other sweaty pursuits.” They rose by 1,300 percent.

On a different track, healthcare company Abiomed saw a 2,000 percent rise in the last decade. It creates medical devices, such as artificial hearts.

Shotly behind Amazon is NVIDIA, known for creating computer chips. Interestingly, it pulled in $1.95 billion in revenue from its crypto mining business. But it wasn’t without controversy. In September, critics accused it of surreptitiously influencing the development of an upgrade to the Ethereum network. But nothing was ever proved.

Other profitable investments of the decade were payments processors, including Mastercard and VISA, up 1,100 percent and 760 percent respectively. Google shares rose by 350 percent and Apple shares went up by 840 percent.

Related Posts:

  • No Related Posts

Ethereum Gold Project Market Capitalization Reaches $47657.00 (ETGP)

Ethereum Gold Project (CURRENCY:ETGP) traded 3.1% lower against the dollar during the one day period ending at 8:00 AM ET on December 30th.

Ethereum Gold Project (CURRENCY:ETGP) traded 3.1% lower against the dollar during the one day period ending at 8:00 AM ET on December 30th. During the last seven days, Ethereum Gold Project has traded 10.6% lower against the dollar. Ethereum Gold Project has a total market capitalization of $47,657.00 and approximately $30,051.00 worth of Ethereum Gold Project was traded on exchanges in the last day. One Ethereum Gold Project token can currently be purchased for $0.0000 or 0.00000000 BTC on popular exchanges including Mercatox, Hotbit and Token Store.

Here is how similar cryptocurrencies have performed during the last day:

  • Huobi Token (HT) traded 0.6% lower against the dollar and now trades at $2.80 or 0.00037999 BTC.
  • Maker (MKR) traded up 1.7% against the dollar and now trades at $444.52 or 0.06026872 BTC.
  • Crypto.com Coin (CRO) traded 0.7% lower against the dollar and now trades at $0.0344 or 0.00000466 BTC.
  • IOStoken (IOST) traded down 0.3% against the dollar and now trades at $0.0396 or 0.00000526 BTC.
  • FTX Token (FTT) traded down 0.6% against the dollar and now trades at $2.20 or 0.00029867 BTC.
  • OKB (OKB) traded up 2.9% against the dollar and now trades at $2.72 or 0.00036822 BTC.
  • Sai (DAI) traded up 0.3% against the dollar and now trades at $1.01 or 0.00011869 BTC.
  • Seele (SEELE) traded 0.6% lower against the dollar and now trades at $0.14 or 0.00001874 BTC.
  • ZB Token (ZB) traded up 0.7% against the dollar and now trades at $0.19 or 0.00002571 BTC.
  • THETA (THETA) traded up 5.5% against the dollar and now trades at $0.0923 or 0.00001252 BTC.

Ethereum Gold Project Token Profile

Ethereum Gold Project (CRYPTO:ETGP) is a token. Its launch date was October 13th, 2017. Ethereum Gold Project’s total supply is 6,000,000,000 tokens and its circulating supply is 5,874,571,479 tokens. Ethereum Gold Project’s official website is www.etgproject.org. Ethereum Gold Project’s official Twitter account is @

and its Facebook page is accessible here.

Ethereum Gold Project Token Trading

Ethereum Gold Project can be purchased on the following cryptocurrency exchanges: Mercatox, Token Store and Hotbit. It is usually not presently possible to purchase alternative cryptocurrencies such as Ethereum Gold Project directly using U.S. dollars. Investors seeking to acquire Ethereum Gold Project should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Ethereum Gold Project using one of the exchanges listed above.

Receive News & Updates for Ethereum Gold Project Daily – Enter your email address below to receive a concise daily summary of the latest news and updates for Ethereum Gold Project and related cryptocurrencies with MarketBeat.com’s FREE CryptoBeat newsletter.

Related Posts:

  • No Related Posts

Ethereum (ETH) Remains Biggest Gainer of Dapps in 2019

Ethereum (ETH) saw the strongest growth in its distributed app ecosystem, breaking the expectations that other projects would displace it. It turned out …

Ethereum (ETH) saw the strongest growth in its distributed app ecosystem, breaking the expectations that other projects would displace it. It turned out the primacy of Ethereum was not so easy to dispute, and novel networks promising better and cheaper computation were actually empty, hosting almost no dApps.

Ethereum showed growth in all dApp categories, including gaming, gambling, collectibles, and decentralized finance (DeFi). Ethereum also revealed significant dApp volumes based on token usage, expanding the economy.

https://twitter.com/DappRadar/status/1211598194251096065

Networks like Tezos show almost no activity, as well as other alternative platforms that claimed to be “Ethereum killers”. EOS and TRON, on the other hand, saw their dApp activity diminished by the appearance of simulated mining.

Dapp usage may also be limited by large, centralized app storefronts, as Google and Apple may be reassessing their approach to carrying crypto-related mobile apps.

The biggest threat for the Ethereum network will be the activity of HEX. The project still claims to be gathering ETH, while distributing HEX tokens. The scheme may lead to loss of credibility, and subsequently to ETH dumping.

The biggest challenge for Ethereum would be completing its upcoming hard forks, and eventually switching to ETH 2.0. The next network update, though small and relatively straightforward, comes this January 1. The network will push back the difficulty increase, to allow mining to continue at a more regular pace.

ETH market prices will also face challenges in 2019. Recent analysis shows the coin can be weighed down by multiple “whale” wallets, if they decide to sell. DeFi is also a chance to slowly phase off ETH assets.

ETH traded at $133.81, after a relatively robust recovery and a bounce from lows around $125. But ETH has failed the predictions for a more significant rally.

by Christine Masters, 1 hr ago

Related Posts:

  • No Related Posts