At MetaCartel Ventures, we’re proud to announce our first major investment being the first money in to Reflexer Labs and their project RAI, a low volatility, trust minimized collateral for DeFi.
Reflexer was started by Stefan Ionescu and advised by Nikolai Mushegian the cofounder and technical partner of MakerDAO.
2019 was the year that stable assets defined DeFi, but 2020 is clearly the year of synthetics.
However, we’ve also seen major issues with the market of stablecoins.
First and foremost, we have assets like Tether, USDC and Gemini Dollar which are directly fiat backed and require counter-party trust, which is…
Back in the beginning the internet was a free and open place.
Websites were rarely made by corporations, it was often just people, and the internet was a place you explored. People came together around passionate topic matters and built communities that flourished.
But, they flourished a bit too much and became highly profitable — and so in turn large tech conglomerates started to gobble up the web.
Reddit has long stood as one of the last bastions of the initial feeling of the internet. …
This article is available in other languages:
If you’re here, its likely because you are a Redditor who just got introduced to crytpocurrency from Reddit’s new “Community Points” feature; or, someone else who is a little bit confused about cryptocurrency and how it works.
Either way, we’ll break it down for you!
A cryptocurrency is a digital…
If you are an experienced Ethereum user, then you already have a wallet address that you use and might want to connect this to Reddit as your Reddit Vault.
The web interface for interacting between MetaMask and Reddit is not working well at the moment but there are still ways to connect your own wallet.
Open up the Reddit app on iOS or Android and click on the little alien in the top left corner:
From there, click to on “Vault” to create your Reddit Vault:
This article is available in multiple languages:
Reddit has had a few issues with their community points such as /r/Cryptocurrency $MOONS being claimed and managed via MetaMask when creating accounts.
So to start you’ll have to create your wallet via the Reddit App. You can find the step-by-step guide for that here: https://medium.com/@adamscochran/how-do-i-create-my-reddit-wallet-reddit-vault-2376d3a88cea
Once you’ve created your Reddit Vault, you’ll see a section that outlines “Manual Backup” and provides you with 12 random words:
In cryptocurrency, we call those 12 random words a “seed phrase” — they are a set of random words that can be used to…
To take part in Reddit’s new “Community Points” cryptocurrencies, you’ll need to create a Reddit Wallet / Reddit Vault.
The easiest way to do this is in the Reddit app on iOS or Android.
On the Reddit app, click on the small Snoo alien in the top left corner, this will bring up your profile page.
From there you will see a section that says “Vault” on the English version of the Reddit app. (It’s unclear the exact wording on international versions at this time.)
When you click on vault for the first time you will be taken to a…
Today, Reddit introduced about 20M new users to cryptocurrency in a matter of seconds.
That’s how many users visit Reddit’s /r/Cryptocurrency and /r/FortniteBR on any given month; and given that the number of semi-active wallets on Ethereum was only around 1.2M wallets, this is a huge deal.
Reddit launched two new types of loot token (a token on the Ethereum blockchain that is earnable within a community rather than purchased) in their /r/Cryptocurrency and /r/FortniteBR subreddits, and in turn signaled their plan to pivot the company’s monetization more towards crypto.
Many people have heard the word “blockchain” — it seems to be the financial buzzword of the year.
But, when you ask people “What is a blockchain?” then other than knowing it is the underlying technology behind cryptocurrencies, most people have no idea what a blockchain is or why its important.
The simplest way to describe what a blockchain truly is, is to call it a “decentralized public ledger.”
Before we can get into the nuance of how a blockchain applies this in a technical sense and what the advantages are, let’s get on the same page about what these…
TL;DR: Loot Tokens are any token you EARN by contributing to a community. Not by mining, staking, or having your computer do something automatically in a network, but by you earning the token from YOUR contributions and being rewarded a utility token.
In the beginning of the blockchain space, things were simple, we had “coins”.
Everything was mineable and its own blockchain, so just like Bitcoin, it was a “coin”.
Then the world got a bit more complicated.
We had new distribution…