Eggg yolk, what is cracking with my people in the Chico Army barracks but if your new,
you haven’t earned your stripes, you're just a viewer of the tube.
My name is Tyler, the host of the crypto channel that even if you think you're free falling
alone, will always try and be by your side……birds of a feather, they always flock together.
It’s time for Chico Crypto!
Well my friends, it’s obvious what is going on in the crypto space...decentralization
is taking over & centralized entities are playing catch up.
This tweet from Hayden Adams, creator of Uniswap, encompasses what I’m talking about.
He tweeteed “Wow, UniswapProtocol 24hr trading volume is higher than Coinbase for the first
time ever….Uniswap: $426 million, Coinbase: $348 million.
Hard to express with how crazy this is!”
It is crazy, because no one, not even Hayden himself thought it was possible 1 year ago...almost
a year ago, 8 months to be exact, I dropped this video, Ethereum DeFi Tool to spark the
next bull run, and I thoroughly covered Uniswap, and explaining why it will grow...and guess
what?
Hayden tweeted at me regarding the video he said “Thanks for the video.
You clearly did your Uniswap Research.
Great Production quality by the way!”
The reason he tweeted at me back then?
Eyes weren’t on Uniswap yet, and I brought some early eyes...but now all eyes are on
the SWAP...even from the centralized competitors.
Exchanges like Coinbase, are realizing that trading competition is about to get extremely
fierce in the crypto space, and if you can’t offer trader’s what they want...they will
move to other places.
Trader’s right now...they want DeFi, they want yield farming, they want the new coins
that focus in these areas.
Uniswap has that, Coinbase doesn’t...which leads me into the topic for today's video...you
know how i said in my original Uniswap video, this tool would kick off the bull run?
Well that tool is forcing the likes of Coinbase to compete, which includes listing new crypto’s
& I have a feeling that it is about to ramp up...BIG TIME which means, BULL RUN!
So, the reason?
Coinbase Rosetta...which was announced back in the middle of June & I’ve covered it
already.
What is this?
Well from the blog post announcement…”Rosetta is an open-source specification and set of
tools that makes integrating with blockchains simpler, faster, and more reliable.
For developers of new blockchain projects, the Rosetta interface makes it easier to ensure
compatibility with exchanges that use Rosetta, and can dramatically speed up the time it
takes exchanges to integrate with new blockchains.
So Rosetta, it’s obviously Coinbase’s API specification, so blockchains can easily
connect to it.
Unique...blockchains that use differing consensuses, blockchains that aren’t proof of work sha256,
ethereum or an ethereum erc20 token.
Now, earlier this month, I made a video on Rosetta, and I covered the crypto’s listed
on the Rosetta website...as we can see, they have 10 projects and companies listed, Celo,
Coda, Blockstack, Kadena, Handshake, Filecoin, Near, Oasis & Sia…
I boiled who could be listed down to 3 projects.
Kadena, Handshake and Celo….well just 5 days ago, one of them was added.
On august 26th, they announced Celo would be added to Coinbase Pro.
So boom bang, shabang...coinbase is getting in on the listing madness...and the other’s
listed on the Rosetta website, is a good hint of the next coins that could be listed on
Pro.
So, I thought two others could be listed by Coinbase on that list, Kadena & Handshake.
The reason I thought Kadena?
Proof of work coin, which many of the coins already listed on Coinbase are & they were
one of the first to announce they were working with the Rosetta API, the same day Coinbase
announced it...June 17th.
But handshake, for the same reason’s I though Celo would get added, I though it would get
added.
Handshake like Celo, is connected and invested in, by a16z, andressen horowitz...who as we
know on this channel, is about as connected to Coinbase as it gets.
So my opinions, of the two have not changed, and still believe of those listed, they are
the most likely to have a shot of being added to Pro next.
Although, what about Coin’s not listed on the Rosetta website, is there a chance other’s
could be getting ready to be launched?
Well yes, that is the case...as Rosetta is an open source specification, and API meaning
any blockchain can build with it.
Now if you go to Rosett’a community forums, you can see the Blockchain’s trying to “ride”
the rosetta hype...especially coins that were being looked at by Conibase to list….NEO
and their Rosetta implentaion….and as we can see, Coinbase was exploring NEO in 2018...Live
peer forum topic next, Livepeer being looked at in June of this year, Waves Implementation
topic, and Waves being looked at August 2019, Nervos Node Implementation topic, Nervos being
looked at in September of 2019, and finally a Harmony thread topic, and Harmony being
looked at also in August with waves.
So it’s the ones of old, trying to get their coins a new look by making their blockchains
compatible with the exchange.
Puting in the work, and showing Coinbase they want to get listed.
So out of these conis, NEO, Waves, Nervous, and Harmony...which has the best likelihood
of getting listed?
Well we will get into that prediction in a second, but first a word from the sponsor
of this video, Anyswap who like Uniswap is looking to take on the big boys like Coinbase...and
like always the full details of our agreement can be found in the description.
So the best way to describe Anyswap, is with a comparison to Uniswap, as that’s what
it is, a liquidity pooling and exchange protocol, although it’s for more than just Ethereum
and it’s tokens, but for what the name implies, any token & blockchain.
As we can see from the architecture Diagram of Anyswap, coins like Bitcoin, Litecoin,
Ethereum and more are wrapped in smart contracts, and the custody and management of the assets
& accounts is done in a decentralized manner with dcrm technology.
dcrm stands for Distributed Rights Control Management & the tech is from the fusion blockchain,
it’s their flagship product that Anyswap is using to make cross asset exchanges a reality.
Now Anyswap, it went live on the mainnet, on July 20th...here is the dashboard, pretty
sleek with easy connections to metamask and hardware wallets.
Live right now is 4 tokens for swapping and pooling on the mainnet.. fusion of course
&their own $ANY token, USDT, and Ethereum, but as we can see, Bitcoin, Ripple and Litecoin
are coming soon.
Which if we switch to their testnet, Anyswap has bitcoin ready there, so we should be seeing
it live soon!
Anyswap has a great market explorer for the protocol, makes it look more like an exchange
people are used too.
Showing a chart, market price, and volume numbers.
Now liquidity is always an issue for these swapping protocols, how do they get deep liquidity
so traders can swap without overpaying and with minimal slippage?
Well checking out the liquidity for each of the tokens listed, we can see the Fusion Any
pair has over 4 million in liquidity, the Fusion/USDT pair has over 3.44 million, and
the just added on August 29th, ethereum fusion pair, has .11 million
That is not bad, for this swapper who has been out for only just over a month.
Now what I wan’t to finish this up with, is their ANY token and the coming, Any Working
Nodes.
The Any token, is the governance token of the protocol & it is also earned through liquidity
mining, rewarding those with tokens who provide liquidity, but also for swappers or traders
on the platform.
Swap and Trading Rewards are calculated on a 100 blocks basis.
Every 100 blocks, 250 ANY are rewarded to swap traders.
Each trader is rewarded according proportionally to his trading volume.
That’s a cool feature, not only incentivizing liquidity, but incentivizing trading.
Now the Any Working Node, is the node which performs the dcrm technology, the sharing
of security of traders deposits.
These are also rewarded, actually 10 percent of the token supply over time, and these nodes
will be getting ready to go live, from the community by the end of september.
So, you need to know how to set up a dcrm node, and you need to have your skin in the
game with Anyswap, by having 15000 ANY in one of their liquidity pools.
Those are the requirements.
As you can see, Anyswap provides rewards to the entire ecosystem of crypto: the people
with many tokens, and liquidity, the traders and swappers as well as the developers with
their working nodes.
If you're one of those, links for Anyswap are in the description.
Now back to Coinbase and that potential listing...the proof is in the pudding, as if you dive into
the Nervos network implementation thread, a Patrick O’Grady is replying.
Who is Patrick?
As we can see from his Twitter profile, he is a Coinbase engineer.
Now this Nervos thread tells us oh so much.
A Ray Whu says this in the thread “I have some confusions, How about the Construction
APIs, as I know these Apis works for withdraw and deposit, If you don’t complete the implementation,
how people can interact with Coinbase?Any advice is appreciated.
Now it’s not the nervous team who responds, it’s Patrick….he replies to Ray “As
of 7/30, this implementation does not yet contain the Construction APIs.
The Nervos team is actively working on completing them now.
You are totally correct that without the Construction API, it would not be possible to create transactions
(unless we used some network-specific SDK).
So how did Patrick know what the Nervous team was up to working on the construction APIs?
Why did he reply for them?
And if you go into other projects submissions...per example NEO, no one has replied.
Livepeer no one has replied.
Harmony a ghost town, although Waves did get another Developer, Jai to reply to them, and
he said he would dig in...but he asked them to test theirs.
So out of coins, who were once looked at in the past by the base, and are working on the
implementation, I see Nervous having the best likelihood of a listing.
Patrick is active on their thread, he knew what they were up to...with the others not
so much.
So this is the strategy of put yourself out there, work on the implementation, and help
solve problems for Coinbase...the more work you put in, the better chance you have of
getting listed.
But what about those who are staying quiet about their implementation & haven’t even
been mentioned by Coinbase as a potential listing, and isn’t in their Rosetta forum.
Well, I am predicting a Coinbase addition, that will come from out of nowhere.
And I have brought this team working on Rosetta before...this is Energy Web Chain.
So you go into their Github, you see one of the most recently worked on repositories is
their implementation of the Rosetta API.
Now, why wouldn’t Energy Web, like other’s try to build on the hype of this.
Per example, Decred tweeted about their implementation, IOTEX put out a medium post with their implementation,
and TRON...they of course tweeted about their integration.
Yet Energy Web has kept hush hush..no tweet, no medium post, no nothing from the team.
It’s because, if you know an exchange listing is coming, you cannot talk about it, at all.
Called an NDA, and thus, if any of your projects are tweeting, trying to get the hype train
going, they most likely do not have an agreement with Coinbase, as that would break the NDA.
So hush hush, building with a closed mouth.
That is why I see Energy Web coming to Coinbase soon, and out of nowhere.
Cheers Viewers I’ll see you next time!