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The Stellar Lumens team announces Stellar Build Challenge for further platform development

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Stellar
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To the casual trader or crypto enthusiast, Stellar is not as exciting a cryptocurrency project as some of the big time players like Bitcoin, Ripple, and Ethereum. Stellar, after all, might seem to be shedding some of its gains made earlier last month. However, if the price movement for XLM is anything to go by, Stellar is actually performing well, perhaps even better especially when compared to Bitcoin.

Stellar Lumens currently sits at position 7 on CoinMarketCap with a market capitalization of about $5 billion. Compared to Bitcoin $100 billion, that’s a far cry, but the Stellar’s community has been growing stronger with initiatives that are community-centric and solutions-oriented.

The 7th edition of the Stellar Build Challenge

In fact, stellar has been fast-tracking the development of its platform with the announcement of the 7th Stellar Build Challenge that has made the XLM community excited about contributing to the project. The stellar team announced the event which has so far been held six times as a community-driven challenge set up by the Stellar Lumens team.

Goals of the challenge

The overall goals of the 7th edition of the Stellar Build Challenge are about enabling collaboration and building solutions. In fact, previous challenges have resulted to pretty important submissions such as the Senseo Stellar iOS SDK client library and the Horizon API (an exchange platform built by the community). Another important submission that even became a feature of Stellar’s platform as a result of the challenge is the Stellar support protocol for the Nano S ledger wallets.

Basically, the Stellar Build challenge has resulted in a variety of notable innovations and community-oriented solutions which is a great thing. The challenge allows participants to not only work hand in hand with the stellar team of developers but also enables the creation of open-source projects that make Stellar’s ecosystem better.

What it entails

For this edition, Stellar will be looking for developers who can work on expanding the project’s functionality, improve user experience and even enhance some of the features to mention but a few.  From next month, June 1st to be specific, participants will be able to submit their projects by announcing it on GalacticTalk.org. The form submission process will continue all the way until August 15th and winners will be announced on 30th the same month.

The awarding process will be based on merit and the judges will consist of developers from the Stellar Development Foundation. Jed McCaleb (the CTO of stellar) will make the final decision on the winners. With previous challenges, winners managed to walk away with thousands of XLM tokens in rewards. It will be exciting to see the Incentives for participation that will be included in this edition.  After all, participants will have an opportunity to collaborate directly with the Stellar team of developers, which is a good thing.

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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.

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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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Hodium
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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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