Moonwalk Through Your Taxes and Step into Margin Trading

Vega Intelligent Solutions is proud to release our Vega Tax application which will be hosted on our website you can check out at https://tax.vegais.com with final changes soon! You will also be able to run this client locally yourselves with the latest Github release.

This application allows users the ability to calculate their FIFO and LIFO taxes from multiple exchange transaction files with a simple multi-file drag and drop calculation wizard. This includes providing U.S. official government forms you can fill in yourself or forms automatically written after calculations. Throughout the year users can estimate their next yearly upcoming taxes from trading cryptocurrencies or other forms of capital gains and losses. This also includes the Vega AI personal tax assistant to help you work through your forms and gather the latest news on tax changes from the IRS. This is a hassle free host from anywhere application with no fees. More importantly, there is no invasion of your privacy as no personal information is stored or used.

Now Step Into Margin Trading

The Maker DAI is a stablecoin with some similarities to Tether, but with several differences. The DAI coin is decentralized and soft-pegged to $1 USD through incentives using a system of collateral and price feeds. Maker (MKR) holders have the incentives to support the coin from deviating from the the soft-peg of 1 DAI = $1.00 USD as a last resort support system. There is also no IOU or middleman system that Maker’s DAI must depend on for sustainability, allowing for this stablecoin to prove the full potential of decentralized blockchain technology.

What Can We Get Out This?

Stablecoins especially like this one allows for decentralized exchanges to denominate that coin (DAI) to other trading pairs like ETH or BTC. This would also allow traders through Maker’s DAI to create a collateral debt position (CDP) through their smart contract with the possibility to margin trade with decentralized leverage on multiple cryptocurrencies.

Stablecoins especially like this one allows for decentralized exchanges to denominate that coin (DAI) to other trading pairs like ETH or BTC. This would also allow traders through Maker’s DAI to create a collateral debt position (CDP) through their smart contract with the possibility to margin trade with decentralized leverage on multiple cryptocurrencies.

For example, let’s hypothetically say 1 ETH = $1000 or 1000 DAI. You collateralize that 1 ETH in DAI and borrowed 500 DAI to make a 1.50 margin trade on BTC. You just created a margin trade where Bitcoin doubles in price and if correct, you just made yourself $500 or 500 DAI now with a total of 1500 DAI back into your wallet with the ability to reclaim your 1 ETH collateral.

Where Does VEGA Fit In?

We have been venturing into automated margin trading on CFD platforms such as SimpleFX to integrate with the logistics of handling such trades using our Vega AI. We’ve proven through our YouTube demonstrations that Vega AI can handle these transactions simply through Telegram, Skype, or Signal. Furthermore, we are developing DApps where the front-end can be hosted on decentralized storage such as IPFS or run on their any user’s machine. This would allow traders and holders alike of Maker’s ecosystem to have an intuitive interface and artificial intelligence expert adviser assisting them. We are working on a proposal to collaborate on our technologies.

Speaking of Collaboration

With the SimpleFX trading platform, there are many proposals in discussion to offer in a potential partnership with their team. We have been contacted by them to go over these proposals sometime within the next week. Just some of the technologies we look to collaborate on are the Vega AI integrated into their IRC chat system as an expert adviser and offering the tax application as a useful tool to their users. This exchange has a very high volume and wide variety of coin-pairs, forex pairs, and commodities. They also allow for much higher leverage in margin trading up to 1/500.

Upcoming Trading Seminar

We have a volunteer that will join the upcoming Vega Intelligent Solutions Youtube live stream in the upcoming week. Those of you know him as Notorious with the Novus Network. He has been a great supporter of our projects so far and is very eager to give us some professional analysis on some of the strategies that Vega AI is implementing for our automated trading system. We will be announcing an official date very soon so be on the lookout!

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