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Red Pulse: Rise of the Phoenix (PHX)

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From the ashes of the bear market encompassing the cryptoverse, a powerful altcoin is rising to meet the needs of a new economy. Red Pulse Phoenix (PHX) is up over twenty percent over the past day and it doesn’t look like it’s ready to stop.

Phoenix (PHX) is the newest token swapped from the original Red Pulse (RPX) currency in August. Having successfully made the transition to an improved infrastructure, this alternative currency is flying high along with its investors as volume picks up alongside the company’s valuation.

But the story behind Phoenix (PHX) starts in October of 2017, as an exciting ICO gained steam under the token’s original brand, Red Pulse (RPX).

Research on the Blockchain

Red Pulse (RPX) began as a smart contract ecosystem built on the NEO blockchain. The motivation behind the team’s efforts included a desire to bridge the knowledge gap hindering global participation in Chinese industry. China, of course, has the 2nd largest economy in the world, yet remains difficult to understand for investors living outside of this massive country’s boundaries.

The accuracy and transparency of information relating to Chinese industry are lacking, to say the least. An overload of information and a broken research content ecosystem led Red Pulse (RPX) to find a blockchain solution. Utilizing their native cryptocurrency for transactions and blockchain for a publicly verifiable ledger, the new Red Pulse research content ecosystem was born.

The success of the venture has now allowed the team behind Red Pulse to innovate a new infrastructure suite. The rise of the gig economy and stringent regulatory requirements inspired the team to add a variety of brand new elements to their original infrastructure. The upgraded currency was rebranded alongside their open research platform, and Phoenix (PHX) was born.

Phoenix (PHX) is a revolutionary cloud-based solution to the cumbersome and manual nature of the expert network business model. The Phoenix network connects research consumers and producers with machine learning, language processing, and blockchain technology.

Technical Specifications

The Phoenix (PHX) network is implemented using ‘Proof of Creation’. Submitted content invokes a hash function on the NEO blockchain, converting the content into a hash script. This unique script is stored and registered as a non-fungible digital asset, proving creation and existence.

‘Proof of Ownership’ is also employed, allowing transfer of ownership while maintaining the immutable data attributed to the original creator.

Regulatory compliance, IP protection, and accountability are all improved significantly in the new Phoenix (PHX) research ecosystem. Providing an immutable record of specific information requests, comparing new and existing hashes and associating a distinct wallet address to each on-chain item, Phoenix (PHX) has risen from the successful implementation of the original Red Pulse (RPX) smart contract.

From the Ashes to the Sky

The Red Pulse Phoenix token (PHX) can be found on Binance and is currently leading the pack in today’s section of market gainers. As the coin market prepares for a rise of its own, early leaders like Phoenix (PHX) stand ready to take a significant share of the new participation coming into the cryptoverse.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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