Madbyte Update - April 1, 2022
Last month we announced that MADX token was available on the Fantom network. As you may know, there are several decentralized exchanges (DEXs) utilizing Fantom to trade tokens that have been created on that blockchain. There are now small amounts of liquidity in several different DEXs for the MADX token. SpookySwap is the one with most liquidity, though still low. Others that have liquidity are SpiritSwap, SushiSwap, and PaintSwap.
The madxfield.com game is progressing with the first reward given out for the most violent player. Though it is in beta release and requires an invite code, “testing”, it is available for players to try their skills to win the next period rewards using the MADX token to move, build and attack. The reward for the "most violent" will increase throughout the month.
If you are a Madcapx member, you can now easily move MADX, BTC, and LTC from the MadVault to your MadxField account with no fees. It is a great way for those with a few extra tokens or coins to add to this months reward, encouraging new players to participate.
All the best,
Madbyte Team
Topic: [ANN] [MADX] Madbyte - Invested Crypto with MadCapX - page 2. (Read 56603 times)
Madbyte Update - March 1, 2022
The MADX token is now available on the Fantom blockchain. You can check out our Fantom smart contract at ftmscan.com and do trading at SpookSwap. Within the MadCapX panel, members can now deposit and withdraw Fantom-based MADX in their vaults, but processing of requests will not start until later this week. With this addition, MADX now exists on three different blockchains: Ethereum, Waves, and Fantom.
We are now accepting registrations at madxfield.com using the invite code "testing". This is our external version of the MadCapX token field which will only have rewards available to be collected if they are supplied by players. Our staff will regularly be putting in some MADX as well as the occasional LTC (and possibly other coins) into chests. We will also now be giving out larger prizes at the end of each period (currently set as monthly) to the player who has attacked the most others. Anybody will be able to set their tokens and coins for random distribution onto the field if they desire. Although not available yet, you will be able to deposit/withdraw from your profile page and transfer tokens to and from your madcapx.com account. There is a "shoutout" feature which allows players to have their custom text message with link displayed on the front page. Control of the shoutout is determined daily by whoever has bid the most MADX the previous day. Expect more upcoming features in the future for madxfield.com.
All the best,
Madbyte Team
The MADX token is now available on the Fantom blockchain. You can check out our Fantom smart contract at ftmscan.com and do trading at SpookSwap. Within the MadCapX panel, members can now deposit and withdraw Fantom-based MADX in their vaults, but processing of requests will not start until later this week. With this addition, MADX now exists on three different blockchains: Ethereum, Waves, and Fantom.
We are now accepting registrations at madxfield.com using the invite code "testing". This is our external version of the MadCapX token field which will only have rewards available to be collected if they are supplied by players. Our staff will regularly be putting in some MADX as well as the occasional LTC (and possibly other coins) into chests. We will also now be giving out larger prizes at the end of each period (currently set as monthly) to the player who has attacked the most others. Anybody will be able to set their tokens and coins for random distribution onto the field if they desire. Although not available yet, you will be able to deposit/withdraw from your profile page and transfer tokens to and from your madcapx.com account. There is a "shoutout" feature which allows players to have their custom text message with link displayed on the front page. Control of the shoutout is determined daily by whoever has bid the most MADX the previous day. Expect more upcoming features in the future for madxfield.com.
All the best,
Madbyte Team
Madbyte Update - January 1, 2022
MADX currently trades as an ERC20 and a Waves token, but we are not stopping there. There are so many other blockchain networks that our MADX token could be added to that would open up new opportunities and features. One such opportunity in the first part of 2022 is to get on a swap exchange that has low transaction fees.
The simple token field game inside the MadCapX member panel will be re-implemented on another website with some new features. This allows us to test new ways to interact with MADX and possibly birth new uses for the token.
2021 was an interesting year in crypto. Bitcoin increased in value by 60%. It became legal tender in El Salvador, several Bitcoin ETFs started trading on the Canadian stock market, an upgrade on Bitcoin called Taproot could spur DeFi growth on it, and 90% of Bitcoin is now mined. 2022 could be the year you decide to make BTC your USD. For the BTC pairing trader in 2021, ETH gained 213%, ADA was up 340%, BNB was up 750%, SOL was up 7358%, and MATIC was up 10,590% just to name a few. Some crazy gains.
All the best and a happy new year,
Madbyte Team
MADX currently trades as an ERC20 and a Waves token, but we are not stopping there. There are so many other blockchain networks that our MADX token could be added to that would open up new opportunities and features. One such opportunity in the first part of 2022 is to get on a swap exchange that has low transaction fees.
The simple token field game inside the MadCapX member panel will be re-implemented on another website with some new features. This allows us to test new ways to interact with MADX and possibly birth new uses for the token.
2021 was an interesting year in crypto. Bitcoin increased in value by 60%. It became legal tender in El Salvador, several Bitcoin ETFs started trading on the Canadian stock market, an upgrade on Bitcoin called Taproot could spur DeFi growth on it, and 90% of Bitcoin is now mined. 2022 could be the year you decide to make BTC your USD. For the BTC pairing trader in 2021, ETH gained 213%, ADA was up 340%, BNB was up 750%, SOL was up 7358%, and MATIC was up 10,590% just to name a few. Some crazy gains.
All the best and a happy new year,
Madbyte Team
Madbyte Update - December 1, 2021
In the last year and some, we have reviewed many of the top crypto assets via our Madcapx weekly newsletter. We, as researchers and writers, have learned a ton about the space and hope you have been able to also gain valuable knowledge that has helped with your investment portfolio to either buy or sell.
This holiday season, why not get your family and friends something to teach them about crypto assets? If it is a book you are ready to buy, check out this one that includes content from our newsletters, plus a section about Madbyte: "Crypto Conspectus: A quick guide to 50 cryptocurrency projects", which is written by cryptocronic and is available from amazon.com, amazon.ca, and amazon.co.uk.
All the best and Happy Holidays,
Madbyte Team
In the last year and some, we have reviewed many of the top crypto assets via our Madcapx weekly newsletter. We, as researchers and writers, have learned a ton about the space and hope you have been able to also gain valuable knowledge that has helped with your investment portfolio to either buy or sell.
This holiday season, why not get your family and friends something to teach them about crypto assets? If it is a book you are ready to buy, check out this one that includes content from our newsletters, plus a section about Madbyte: "Crypto Conspectus: A quick guide to 50 cryptocurrency projects", which is written by cryptocronic and is available from amazon.com, amazon.ca, and amazon.co.uk.
All the best and Happy Holidays,
Madbyte Team
Madbyte Update - November 1, 2021
Last year we looked at Bitcoin’s value in October going back 8 years. This time we will go back all the way to the first recorded valuation in 2009 and then from there how it closed the monthly October candle and what sort of increase it had from year to year.
Year / October closing price / percentage increase from previous year
2009 / $0.00099 / First BTC valuation
2010 / $0.19 / 19091%
2011 / $3.25 / 1610%
2012 / $11.20 / 244%
2013 / $202 / 1703%
2014 / $336 / 66%
2015 / $316 / -6%
2016 / $701 / 121%
2017 / $6455 / 820%
2018 / $6368 / -1%
2019 / $9185 / 44%
2020 / $13788 / 50%
2021 / $61300 / 344%
Lately, we have been working on a crypto book that will feature 50 coins/tokens with content for each taken from the profiling section of our newsletters. It will have a little bit extra in it as well. We are hoping to have this self-published on Amazon in time for the Christmas season. It should make a nice gift for crypto-curious friends and family.
All the best,
Madbyte Team
Last year we looked at Bitcoin’s value in October going back 8 years. This time we will go back all the way to the first recorded valuation in 2009 and then from there how it closed the monthly October candle and what sort of increase it had from year to year.
Year / October closing price / percentage increase from previous year
2009 / $0.00099 / First BTC valuation
2010 / $0.19 / 19091%
2011 / $3.25 / 1610%
2012 / $11.20 / 244%
2013 / $202 / 1703%
2014 / $336 / 66%
2015 / $316 / -6%
2016 / $701 / 121%
2017 / $6455 / 820%
2018 / $6368 / -1%
2019 / $9185 / 44%
2020 / $13788 / 50%
2021 / $61300 / 344%
Lately, we have been working on a crypto book that will feature 50 coins/tokens with content for each taken from the profiling section of our newsletters. It will have a little bit extra in it as well. We are hoping to have this self-published on Amazon in time for the Christmas season. It should make a nice gift for crypto-curious friends and family.
All the best,
Madbyte Team
Madbyte Update - October 1, 2021
Last month, we added the ability to track your custom assets in the MadFolio page of the MadCapX panel. We have now added the assets from communitycoins.org into this system as well, although you are not able to select automatic price tracking at this time. The coins include Canada eCoin (CDN), e-Gulden (EFL), Cryptoescudo (CESC), Auroracoin (AUR), Russian Bitcoin (RUBTC), Sterlingcoin (SLG), Fujicoin (FJC), Pakcoin (PAK), and PrivateNess (NESS).
Community coins do not have a CEO or a company behind them that make the decisions. Usually there are several people coming up with ideas and ways to improve the coin. When people come together on a regular basis to make the community strong, the better the ideas will be. In relation to many of the coins listed above there usually are at least 2 or more people, who on a regular basis, are planning new ways to improve either their blockchain or their use case in turn that can create more value for the coin. One of the downfalls is that community coins are many times only 2 or 3 people who are doing most of the heavy lifting. You can help your community coin with development, getting the word out, liquidity (that means providing buy and sell support, not only selling), and connecting with the community. It does take some effort but it can be rewarding and fun.
All the best,
Madbyte Team
Last month, we added the ability to track your custom assets in the MadFolio page of the MadCapX panel. We have now added the assets from communitycoins.org into this system as well, although you are not able to select automatic price tracking at this time. The coins include Canada eCoin (CDN), e-Gulden (EFL), Cryptoescudo (CESC), Auroracoin (AUR), Russian Bitcoin (RUBTC), Sterlingcoin (SLG), Fujicoin (FJC), Pakcoin (PAK), and PrivateNess (NESS).
Community coins do not have a CEO or a company behind them that make the decisions. Usually there are several people coming up with ideas and ways to improve the coin. When people come together on a regular basis to make the community strong, the better the ideas will be. In relation to many of the coins listed above there usually are at least 2 or more people, who on a regular basis, are planning new ways to improve either their blockchain or their use case in turn that can create more value for the coin. One of the downfalls is that community coins are many times only 2 or 3 people who are doing most of the heavy lifting. You can help your community coin with development, getting the word out, liquidity (that means providing buy and sell support, not only selling), and connecting with the community. It does take some effort but it can be rewarding and fun.
All the best,
Madbyte Team
Madbyte Update - September 1, 2021
This month, our new custom portfolio feature has been enabled for members. If you check out the MadFolio section of the panel, you will now see an area that allows you to list custom assets, along with the amount you hold and note for each. This feature is similar to how FTX (formerly Blockfolio) works. By default, the price will be automatically updated a few times a day, but you can also choose to manually set the value if you wish. If you do not see a coin or token that you would like to track, contact us on Discord and we will look into adding it.
There are literally thousands of cryptocurrencies in existence. Some dominate the news and then there are the others you have never heard of since they have such small communities. Madbyte is one of those currencies/assets that only has a small community. We have joined a group of people that work on community coins (https://communitycoins.org/) from around the world. This will allow us to learn and help improve Madbyte in the long term. We will also be adding some of these smaller coins to our custom portfolio in the panel.
Once again, we have some hidden projects being worked on that will utilize Madbyte token. Learning from making premature project announcements in the past, we will not be giving any information on these as they are all in various stages of development. Be sure that we will give more information once things are near completion and set to be released. If you have any project that you think will benefit the Madbyte ecosystem, be sure to contact us.
All the best,
Madbyte Team
This month, our new custom portfolio feature has been enabled for members. If you check out the MadFolio section of the panel, you will now see an area that allows you to list custom assets, along with the amount you hold and note for each. This feature is similar to how FTX (formerly Blockfolio) works. By default, the price will be automatically updated a few times a day, but you can also choose to manually set the value if you wish. If you do not see a coin or token that you would like to track, contact us on Discord and we will look into adding it.
There are literally thousands of cryptocurrencies in existence. Some dominate the news and then there are the others you have never heard of since they have such small communities. Madbyte is one of those currencies/assets that only has a small community. We have joined a group of people that work on community coins (https://communitycoins.org/) from around the world. This will allow us to learn and help improve Madbyte in the long term. We will also be adding some of these smaller coins to our custom portfolio in the panel.
Once again, we have some hidden projects being worked on that will utilize Madbyte token. Learning from making premature project announcements in the past, we will not be giving any information on these as they are all in various stages of development. Be sure that we will give more information once things are near completion and set to be released. If you have any project that you think will benefit the Madbyte ecosystem, be sure to contact us.
All the best,
Madbyte Team
Madbyte Update - August 1, 2021
When the Madbyte coin was created back in early 2017 as a Proof-of-Work minable coin, Bitcoin was about $1000 USD in value. The prediction in 2017 was that BTC would end the year at about $3000 by several different people. It overshot it to almost $20,000. Today we are at about $40,000 with many predicting $100,000 by the end of the year. Though, there are also several who are looking for BTC to dump back to $20,000.
When we created our Madbyte coin, we were interested in learning more about how crypto currencies worked and what it takes to run a digital currency. We created mining pools, dipped our toes into ASIC mining hardware, and helped with the creation of a crypto exchange. In 2019 we swapped our coin into an ERC20 token to prevent the PoW minable coin from being 51% attacked since it had such a small community mining it.
The crypto digital asset space is young, with many things still to be tried and tested. There will be many new crypto projects that will come and go. For the last 9 months we have been writing a newsletter that covers research on a different crypto each week. This week we are on our 40th newsletter and slowly we have seen our base of readers grow. It has been a paid newsletter up to now, but as of the next newsletter we will make it free and open for all to read.
All the best,
Madbyte Team
When the Madbyte coin was created back in early 2017 as a Proof-of-Work minable coin, Bitcoin was about $1000 USD in value. The prediction in 2017 was that BTC would end the year at about $3000 by several different people. It overshot it to almost $20,000. Today we are at about $40,000 with many predicting $100,000 by the end of the year. Though, there are also several who are looking for BTC to dump back to $20,000.
When we created our Madbyte coin, we were interested in learning more about how crypto currencies worked and what it takes to run a digital currency. We created mining pools, dipped our toes into ASIC mining hardware, and helped with the creation of a crypto exchange. In 2019 we swapped our coin into an ERC20 token to prevent the PoW minable coin from being 51% attacked since it had such a small community mining it.
The crypto digital asset space is young, with many things still to be tried and tested. There will be many new crypto projects that will come and go. For the last 9 months we have been writing a newsletter that covers research on a different crypto each week. This week we are on our 40th newsletter and slowly we have seen our base of readers grow. It has been a paid newsletter up to now, but as of the next newsletter we will make it free and open for all to read.
All the best,
Madbyte Team
Madbyte Update - July 1, 2021
Welcome to summer for those living in the northern regions and perhaps the start of returning to normal as the Covid virus seems to be under control in parts of the world. Everyone is wondering if we are officially back in a bear crypto market or just taking a break before continuing ever upward, we should have an answer to this in the coming months.
Meanwhile, regulators in some countries push to crackdown on securities trading, causing huge centralized exchanges like Binance to pull out. Unfortunately, several Madbyte members live in Ontario, Canada, which is one of the places Binance is discontinuing services for. Time to start looking more into decentralized exchanges!
In the coming month, we will be changing around our MadCapX panel a bit by making changes to the portfolio page so it will no longer focus on Binance; rather you will be able to manually add and track all your external holdings (much like Blockfolio).
Our plans for madxgames.com continue to be in a state of flux and we are not sure if we are running a long marathon or if even the project makes it to the end of the race. We can be more definitive on the gaming project as we finish off the summer season.
Remember to accumulate while crypto prices are low and have a great summer!
All the best,
Madbyte Team
Welcome to summer for those living in the northern regions and perhaps the start of returning to normal as the Covid virus seems to be under control in parts of the world. Everyone is wondering if we are officially back in a bear crypto market or just taking a break before continuing ever upward, we should have an answer to this in the coming months.
Meanwhile, regulators in some countries push to crackdown on securities trading, causing huge centralized exchanges like Binance to pull out. Unfortunately, several Madbyte members live in Ontario, Canada, which is one of the places Binance is discontinuing services for. Time to start looking more into decentralized exchanges!
In the coming month, we will be changing around our MadCapX panel a bit by making changes to the portfolio page so it will no longer focus on Binance; rather you will be able to manually add and track all your external holdings (much like Blockfolio).
Our plans for madxgames.com continue to be in a state of flux and we are not sure if we are running a long marathon or if even the project makes it to the end of the race. We can be more definitive on the gaming project as we finish off the summer season.
Remember to accumulate while crypto prices are low and have a great summer!
All the best,
Madbyte Team
Madbyte Update - June 1, 2021
This crazy roller coaster we call cryptocurrency just keeps going with the recent insane drops in price all across the board. As investors like to say, it's a good time to pick up some discounted assets.
We have added a new box to the MadCapX dashboard for our weekly featured coin with a link to the corresponding research newsletter. For members that are tier 3 and higher, you can now find a suggestion form on the "previously featured assets" page. This lets our community have a say in what you would like to see reviewed. Although we will take any suggestions into consideration, we do like to stick with highly ranked cryptocurrencies or ones that we feel are future gems. We will not be reviewing pump-and-dump or scammy assets. We will also start adding a hint for the next week's featured asset, so be on the lookout for that and see if you can guess it correctly.
Marketing Madbyte is something we have not done outside of our social media channels. We have been consistent in writing newsletters and updates to stay in touch with our community over the last several years and lately started writing a weekly research newsletter about digital assets that has 32 issues thus far. We were wondering if some of our members would be interested in becoming grassroots social media ambassadors in growing our Madbyte community in exchange for monthly rewards. Contact an admin on our Discord if you are interested.
All the best,
Madbyte Team
This crazy roller coaster we call cryptocurrency just keeps going with the recent insane drops in price all across the board. As investors like to say, it's a good time to pick up some discounted assets.
We have added a new box to the MadCapX dashboard for our weekly featured coin with a link to the corresponding research newsletter. For members that are tier 3 and higher, you can now find a suggestion form on the "previously featured assets" page. This lets our community have a say in what you would like to see reviewed. Although we will take any suggestions into consideration, we do like to stick with highly ranked cryptocurrencies or ones that we feel are future gems. We will not be reviewing pump-and-dump or scammy assets. We will also start adding a hint for the next week's featured asset, so be on the lookout for that and see if you can guess it correctly.
Marketing Madbyte is something we have not done outside of our social media channels. We have been consistent in writing newsletters and updates to stay in touch with our community over the last several years and lately started writing a weekly research newsletter about digital assets that has 32 issues thus far. We were wondering if some of our members would be interested in becoming grassroots social media ambassadors in growing our Madbyte community in exchange for monthly rewards. Contact an admin on our Discord if you are interested.
All the best,
Madbyte Team
Madbyte Update - May 1, 2021
Where is Madbyte heading? We have talked in the past about different projects we would like to see get underway but some have failed to materialize, such as the gaming platform. It is our hope that in the future we will have better news on the gaming side. When a team is tiny like ours and also have other projects that are outside of the crypto space, these things don’t always happen or else they get shelved until later. So once again we will be putting more effort to the gaming side over the next several months and we hope that something gets released. If you are interested in assisting with tokenized leaderboard gaming for our Madbyte token please don’t hesitate to contact us on discord.
Previously, the only place to trade your token was on the Madcapx.com platform. If you read last month's update, the Madbyte token is now on Waves.Exchange. We continued this month to add to the order books on other pairings. Now there are 5 pairings that the token can be traded on: USDT, ETH, LTC, BTC, and WAVES. Yes, the token is super cheap to buy; on MadTrade it is hovering around $0.002 and on the Waves exchange it is around $0.005.
While we have been using the Ethereum network’s ERC20 smart contracts for the MADX token, now our token is also on the Waves network as “Madbyte”. Though, to move between networks you will need to use the Madcapx platform. If your tokens are already on that platform all you have to do is withdraw to your Waves address on the Waves.exchange or a wallet that supports that network such as the Trust Wallet.
On the Madcapx platform, the MADX ERC20 token withdrawal option is disabled until Ethereum can fix their high transfer fee problems.
All the best,
Madbyte Team
Where is Madbyte heading? We have talked in the past about different projects we would like to see get underway but some have failed to materialize, such as the gaming platform. It is our hope that in the future we will have better news on the gaming side. When a team is tiny like ours and also have other projects that are outside of the crypto space, these things don’t always happen or else they get shelved until later. So once again we will be putting more effort to the gaming side over the next several months and we hope that something gets released. If you are interested in assisting with tokenized leaderboard gaming for our Madbyte token please don’t hesitate to contact us on discord.
Previously, the only place to trade your token was on the Madcapx.com platform. If you read last month's update, the Madbyte token is now on Waves.Exchange. We continued this month to add to the order books on other pairings. Now there are 5 pairings that the token can be traded on: USDT, ETH, LTC, BTC, and WAVES. Yes, the token is super cheap to buy; on MadTrade it is hovering around $0.002 and on the Waves exchange it is around $0.005.
While we have been using the Ethereum network’s ERC20 smart contracts for the MADX token, now our token is also on the Waves network as “Madbyte”. Though, to move between networks you will need to use the Madcapx platform. If your tokens are already on that platform all you have to do is withdraw to your Waves address on the Waves.exchange or a wallet that supports that network such as the Trust Wallet.
On the Madcapx platform, the MADX ERC20 token withdrawal option is disabled until Ethereum can fix their high transfer fee problems.
All the best,
Madbyte Team
Madbyte Update - April 1st, 2021
These past few days we have been testing out Waves.Exchange with a newly created Madbyte Waves token. The reason for this is that the transaction fees for using an ERC20 token on the Ethereum network have continued to stay super high. Originally, when Madbyte decided to use ETH for their token, the fees were many times less than $0.05. When we did our ERC20 token drop, we were paying only $0.01 on most transactions.
Today, the average fee paid on the Ethereum network is $24, making it almost unusable for smaller transactions. There is some hope that the fees will come down with technological improvements, but most likely it will be too little and too late.
The Waves token transaction fees are fixed at 0.001 WAVES (or $0.012), with a 0.003 WAVES ($0.036) fee for DEX transactions. In the future, we will also test the Madbyte token on other networks.
If you would like to test out trading some Madbyte using the Waves DEX (Decentralized Exchange), contact one of the Madbyte team members and we can arrange it. We are listed on over 30 pairings but are only testing one of them.
Eventually, you will be able to withdraw from the Madcapx panel selecting either the Ethereum or Waves based version of the Madbyte token.
All the best,
Madbyte Team
https://madbyte.com/
These past few days we have been testing out Waves.Exchange with a newly created Madbyte Waves token. The reason for this is that the transaction fees for using an ERC20 token on the Ethereum network have continued to stay super high. Originally, when Madbyte decided to use ETH for their token, the fees were many times less than $0.05. When we did our ERC20 token drop, we were paying only $0.01 on most transactions.
Today, the average fee paid on the Ethereum network is $24, making it almost unusable for smaller transactions. There is some hope that the fees will come down with technological improvements, but most likely it will be too little and too late.
The Waves token transaction fees are fixed at 0.001 WAVES (or $0.012), with a 0.003 WAVES ($0.036) fee for DEX transactions. In the future, we will also test the Madbyte token on other networks.
If you would like to test out trading some Madbyte using the Waves DEX (Decentralized Exchange), contact one of the Madbyte team members and we can arrange it. We are listed on over 30 pairings but are only testing one of them.
Eventually, you will be able to withdraw from the Madcapx panel selecting either the Ethereum or Waves based version of the Madbyte token.
All the best,
Madbyte Team
https://madbyte.com/
Madbyte Update - March 1st, 2020
Greetings!
Hopefully, you managed to grab some bags of cryptocurrencies that mooned hard last month. Things stabilized a lot since then and it is uncertain whether we're getting back on the rocket near term or not, but all signs point to this bull market not being over yet.
Here at MadCapX, we've been researching the various custodial holding solutions that yield high-interest returns and are planning to integrate the one we like best into the panel. Of course, holding your crypto in your own local wallet or hardware is the preferred secure method, but if you are willing to risk others owning your keys, you can be rewarded quite well. We figured our crypto is not doing anything for us sitting on the Ledger device, so let's test out what options are available. We will report on our findings and conclusions in a future update.
All the best,
Madbyte team
Greetings!
Hopefully, you managed to grab some bags of cryptocurrencies that mooned hard last month. Things stabilized a lot since then and it is uncertain whether we're getting back on the rocket near term or not, but all signs point to this bull market not being over yet.
Here at MadCapX, we've been researching the various custodial holding solutions that yield high-interest returns and are planning to integrate the one we like best into the panel. Of course, holding your crypto in your own local wallet or hardware is the preferred secure method, but if you are willing to risk others owning your keys, you can be rewarded quite well. We figured our crypto is not doing anything for us sitting on the Ledger device, so let's test out what options are available. We will report on our findings and conclusions in a future update.
All the best,
Madbyte team
Madbyte Update - February 1st, 2020
Welcome to alt-season!
As Bitcoin continues to stay at near all-time-high levels, we are seeing signs of the alt-coin markets building up steam for numerous bull runs. Just a few days after releasing last week's MadCapX Newsletter issue #14, we all watched as DOGE did a crazy pump (and subsequent dump which is still ongoing). This may have caught some newbies to the crypto space buying heavy DOGE bags that they now can't sell without significant loss or waiting until the next surprise pump.
We have also watched as Internet communities have come together to troll the stock market in regard to GameStop and AMC. This disruption is causing major costly headaches for hedge funds but we can see how the system is geared toward helping out the big money institutions while your average joe trader plays by a different set of rules. Crypto markets are still mostly unregulated and some are decentralized, so while you can enjoy the wild west style freedom here, remember that the risks can be huge.
I know that in the last update we said we might have something to show you in terms of the MadXGames site but unfortunately we won't be revealing anything yet. The small team we have working on things is still just in the starting phases and experimenting with ideas. So with that being said, we think it is best to not give timelines as there are too many unknowns at this time.
All the best,
Madbyte Team
Welcome to alt-season!
As Bitcoin continues to stay at near all-time-high levels, we are seeing signs of the alt-coin markets building up steam for numerous bull runs. Just a few days after releasing last week's MadCapX Newsletter issue #14, we all watched as DOGE did a crazy pump (and subsequent dump which is still ongoing). This may have caught some newbies to the crypto space buying heavy DOGE bags that they now can't sell without significant loss or waiting until the next surprise pump.
We have also watched as Internet communities have come together to troll the stock market in regard to GameStop and AMC. This disruption is causing major costly headaches for hedge funds but we can see how the system is geared toward helping out the big money institutions while your average joe trader plays by a different set of rules. Crypto markets are still mostly unregulated and some are decentralized, so while you can enjoy the wild west style freedom here, remember that the risks can be huge.
I know that in the last update we said we might have something to show you in terms of the MadXGames site but unfortunately we won't be revealing anything yet. The small team we have working on things is still just in the starting phases and experimenting with ideas. So with that being said, we think it is best to not give timelines as there are too many unknowns at this time.
All the best,
Madbyte Team
Happy new year!!!
In the last update we were saying how close BTC was to its all-time-high and here we are now having easily surpassed it and approaching $35K USD for 1 BTC. With it looking like everyone wants in on the action, the price might keep pumping or we might be heading for a correction. Either way, remember that if you do decide to invest right now, do not sell in a panic the moment you see it drop... "hodlers" win when it comes to Bitcoin. As for the alt-coins, most are taking a bit of a beating when pairing with BTC. In the long run, many of the larger crypto projects are sure to do quite well regardless.
Some of you have been asking for more information regarding our plans with madxgames.com. We can only say that a small team is starting development on browser-based games initially which we plan to integrate Madbyte tokens or some other cryptocurrencies in some way. We wish to generate more use cases for MADX, thus eventually increasing its value. If there is anything in particular you would like to see in this regard, why not come chat with us on our Discord server. We hope to have something to view and/or try out by the time we release our next update.
All the best,
Madbyte Team
In the last update we were saying how close BTC was to its all-time-high and here we are now having easily surpassed it and approaching $35K USD for 1 BTC. With it looking like everyone wants in on the action, the price might keep pumping or we might be heading for a correction. Either way, remember that if you do decide to invest right now, do not sell in a panic the moment you see it drop... "hodlers" win when it comes to Bitcoin. As for the alt-coins, most are taking a bit of a beating when pairing with BTC. In the long run, many of the larger crypto projects are sure to do quite well regardless.
Some of you have been asking for more information regarding our plans with madxgames.com. We can only say that a small team is starting development on browser-based games initially which we plan to integrate Madbyte tokens or some other cryptocurrencies in some way. We wish to generate more use cases for MADX, thus eventually increasing its value. If there is anything in particular you would like to see in this regard, why not come chat with us on our Discord server. We hope to have something to view and/or try out by the time we release our next update.
All the best,
Madbyte Team
Madbyte Update - December 1st, 2020
As the Christmas season descends on us, Bitcoin ascends to new heights! Hopefully, if you've held on to your BTC, you can now (or soon) claim that you've made a profit even if you bought during 2017. Keep holding as it will, sure enough, go higher! As a gift for the season, we've given a free month subscription of our Investor research newsletter to a few groups of our highest ranking MadCapX members. So far, our newsletter has profiled Bitcoin, Litecoin, Ethereum, Cardano, Chainlink, and Polkadot. If you are interested in learning more or subscribing, please check out madcapx.substack.com.
One of the Madbyte founders, Sam, will be heading to Uganda in January to pursue humanitarian work. This is not the first outing for Sam in Africa, as he has visited and lived there multiple times in the past. Madbyte and MadCapX will continue to be a focus for him, no matter his geographic location. We will start focusing again on the gaming side of things at madxgames.com as the new year begins. There will be a dedicated small team working on some features there that we hope to be able to showcase by the spring. MADX tokens will be an integral part of it.
Here's to hoping 2021 will be a great year! 2020 was crazy all around. See you next time.
All the best,
Madbyte Team
As the Christmas season descends on us, Bitcoin ascends to new heights! Hopefully, if you've held on to your BTC, you can now (or soon) claim that you've made a profit even if you bought during 2017. Keep holding as it will, sure enough, go higher! As a gift for the season, we've given a free month subscription of our Investor research newsletter to a few groups of our highest ranking MadCapX members. So far, our newsletter has profiled Bitcoin, Litecoin, Ethereum, Cardano, Chainlink, and Polkadot. If you are interested in learning more or subscribing, please check out madcapx.substack.com.
One of the Madbyte founders, Sam, will be heading to Uganda in January to pursue humanitarian work. This is not the first outing for Sam in Africa, as he has visited and lived there multiple times in the past. Madbyte and MadCapX will continue to be a focus for him, no matter his geographic location. We will start focusing again on the gaming side of things at madxgames.com as the new year begins. There will be a dedicated small team working on some features there that we hope to be able to showcase by the spring. MADX tokens will be an integral part of it.
Here's to hoping 2021 will be a great year! 2020 was crazy all around. See you next time.
All the best,
Madbyte Team
Madbyte Update - November 1st, 2020
So it is almost the end of the year, and what a year it has been! The COVID pandemic has dominated the news cycles and affected nearly every country in the world. Starting with this update, we will no longer provide any market analysis or commentary here. Instead, we will keep you informed of what is going on with the Madbyte / MadCapX projects.
As you may know, we recently started a new weekly periodical at madcapx.substack.com, which will contain expanded cryptocurrency market coverage. We will feature a different coin/token each week and provide access to a running portfolio that you can follow. Keep an eye out for periodic discounts provided for MadCapX members.
Concerning our MadCapX member area, we have continued working on back-end bugs and administration features for our MadTrade section. This trading system was the final significant addition we had planned for 2020. If you have any suggestions for services or features in the member area going forward, why not suggest them to us in our Discord.
Finally, we have also decided on changing the name of this monthly report from “Newsletter” to “Update” to classify it more accurately.
All the best,
Madbyte Team
So it is almost the end of the year, and what a year it has been! The COVID pandemic has dominated the news cycles and affected nearly every country in the world. Starting with this update, we will no longer provide any market analysis or commentary here. Instead, we will keep you informed of what is going on with the Madbyte / MadCapX projects.
As you may know, we recently started a new weekly periodical at madcapx.substack.com, which will contain expanded cryptocurrency market coverage. We will feature a different coin/token each week and provide access to a running portfolio that you can follow. Keep an eye out for periodic discounts provided for MadCapX members.
Concerning our MadCapX member area, we have continued working on back-end bugs and administration features for our MadTrade section. This trading system was the final significant addition we had planned for 2020. If you have any suggestions for services or features in the member area going forward, why not suggest them to us in our Discord.
Finally, we have also decided on changing the name of this monthly report from “Newsletter” to “Update” to classify it more accurately.
All the best,
Madbyte Team
Madbyte News - October 1, 2020
What was Bitcoin’s value over the last several years on October 1st? In 2012 it was super low at $11 USD, with the first halving only 2 months away. In 2013 it was at $127 and the Cyprus banking crisis hit the financial markets. Also, during 2013 was the first time Bitcoin passed the price of gold for a brief moment.
In 2014 it was valued at $387. By the end of the year it was given the title by The Guardian as the worst investment of the year. Mt.Gox exchange had failed and Ethereum did its ICO (Initial Coin Offering) and the silk road website was taken down. Tim Draper bought a good chunk of Bitcoins at auction and was predicting it to go to $10,000.
In 2015 it was lower at $238 but in 2016 the price was at $614 with the second halving having happened. During 2017 it reached a lofty $4404. 2017 also was when ICOs became popular with a few blockchain projects raising over $200 million. In 2018 Bitcoin was at $6601 and the ICO frenzy died. During 2019 it was $8334 and some exchanges continued to get hacked. Bakt opens futures trading and bitcoiners are talking about the third halving in 2020. And so today bitcoin is valued at about $10,600.
Most of those years saw massive changes up and down in value. For example, in 2013, there was a massive rise of 10,250% from $12 to $961 but in 2014 it dropped 52%. If you look at Bitcoin valuations from the October 1st lens it seems like a great time to buy especially after a halving.
We continue to see Bitcoin as the number one crypto for a portfolio even though almost every week we see another new cryptocurrency pop up. Some of them even hit the top 10 on Coinmarketcap very quickly. For example, UNI (Uniswap) is up over 2700% on Binance since it was listed on Sept.17, 2020. But history shows that most altcoins over the long term are not very successful.
Be careful of FOMO but happy investing,
From the Madbyte Team.
--
In summary, Bitcoin, on October 1st was:
2020 - $10600
2019 - $8334
2018 - $6601
2017 - $4404
2016 - $614
2015 - $238
2014 - $387
2013 - $127
2012 - $11
What was Bitcoin’s value over the last several years on October 1st? In 2012 it was super low at $11 USD, with the first halving only 2 months away. In 2013 it was at $127 and the Cyprus banking crisis hit the financial markets. Also, during 2013 was the first time Bitcoin passed the price of gold for a brief moment.
In 2014 it was valued at $387. By the end of the year it was given the title by The Guardian as the worst investment of the year. Mt.Gox exchange had failed and Ethereum did its ICO (Initial Coin Offering) and the silk road website was taken down. Tim Draper bought a good chunk of Bitcoins at auction and was predicting it to go to $10,000.
In 2015 it was lower at $238 but in 2016 the price was at $614 with the second halving having happened. During 2017 it reached a lofty $4404. 2017 also was when ICOs became popular with a few blockchain projects raising over $200 million. In 2018 Bitcoin was at $6601 and the ICO frenzy died. During 2019 it was $8334 and some exchanges continued to get hacked. Bakt opens futures trading and bitcoiners are talking about the third halving in 2020. And so today bitcoin is valued at about $10,600.
Most of those years saw massive changes up and down in value. For example, in 2013, there was a massive rise of 10,250% from $12 to $961 but in 2014 it dropped 52%. If you look at Bitcoin valuations from the October 1st lens it seems like a great time to buy especially after a halving.
We continue to see Bitcoin as the number one crypto for a portfolio even though almost every week we see another new cryptocurrency pop up. Some of them even hit the top 10 on Coinmarketcap very quickly. For example, UNI (Uniswap) is up over 2700% on Binance since it was listed on Sept.17, 2020. But history shows that most altcoins over the long term are not very successful.
Be careful of FOMO but happy investing,
From the Madbyte Team.
--
In summary, Bitcoin, on October 1st was:
2020 - $10600
2019 - $8334
2018 - $6601
2017 - $4404
2016 - $614
2015 - $238
2014 - $387
2013 - $127
2012 - $11
Madbyte News - September 1, 2020
As we write these monthly newsletters you will have noticed a common thread among them. We update you on what is happening with Bitcoin as it is the gold in crypto or digital gold. It is by far the most important metric to write about when it comes to this new asset class. After that we might talk about other hot topics that are happening in crypto and any new news that we have about Madbyte.
Bitcoin continued to move upwards in August with the high going over $12,400 USD. According to PlanB, the creator of the stock-to-flow BTC price models, Bitcoin is following the S2F model as expected. The models put the target value at $288,000 over the next few years.
ETH transactions fees reached a high of over $7. This is a problem for the small user on the ETH network. The high fees are mostly caused by stablecoins but also DiFi (decentralized finance) and DEXs (decentralized exchange). Heavy usage by these entities are causing the fees to jump on the network. Average fees ranged between $1.50 to $7.00 in August. There is talk of a solution to bring them down before ETHv2 is released but for now don’t hold your breath.
If you do trade on a DEX or just move your MADX tokens (ERC20) from one wallet to another the fees have increased drastically as noted above. So a reminder that on MadTrade, inside the MadCapX platform, there are no trading fees.
MADX Games platform will be tied together with MadCapX so there will be no unnecessary transaction fees to move between them. This will allow you to play games or join a tournament within madxgames.com and gain extra MADX or BTC from winning and place them back into your MadVault for safekeeping.
Over the coming months we will watch what Ethereum does in relation to transaction fees before listing on a DEX exchange such as Uniswap. They hit $589 million in daily trading volume in August, which is impressive, surpassing Coinbase Pro ($404 million) and Kraken ($187 million).
All the best from the Madbyte Team
Madbyte.com
As we write these monthly newsletters you will have noticed a common thread among them. We update you on what is happening with Bitcoin as it is the gold in crypto or digital gold. It is by far the most important metric to write about when it comes to this new asset class. After that we might talk about other hot topics that are happening in crypto and any new news that we have about Madbyte.
Bitcoin continued to move upwards in August with the high going over $12,400 USD. According to PlanB, the creator of the stock-to-flow BTC price models, Bitcoin is following the S2F model as expected. The models put the target value at $288,000 over the next few years.
ETH transactions fees reached a high of over $7. This is a problem for the small user on the ETH network. The high fees are mostly caused by stablecoins but also DiFi (decentralized finance) and DEXs (decentralized exchange). Heavy usage by these entities are causing the fees to jump on the network. Average fees ranged between $1.50 to $7.00 in August. There is talk of a solution to bring them down before ETHv2 is released but for now don’t hold your breath.
If you do trade on a DEX or just move your MADX tokens (ERC20) from one wallet to another the fees have increased drastically as noted above. So a reminder that on MadTrade, inside the MadCapX platform, there are no trading fees.
MADX Games platform will be tied together with MadCapX so there will be no unnecessary transaction fees to move between them. This will allow you to play games or join a tournament within madxgames.com and gain extra MADX or BTC from winning and place them back into your MadVault for safekeeping.
Over the coming months we will watch what Ethereum does in relation to transaction fees before listing on a DEX exchange such as Uniswap. They hit $589 million in daily trading volume in August, which is impressive, surpassing Coinbase Pro ($404 million) and Kraken ($187 million).
All the best from the Madbyte Team
Madbyte.com
Madbyte News - August 1, 2020
One Bitcoin, as of the writing of this newsletter, is worth over $11,000 USD. It is only the second time in history that it has closed the month over that. This past month also saw a surge in the value of several alt coins. The news of Cardano (ADA) releasing a hard fork has caused it to push to new YTD highs. The large amounts of money going into DeFi (decentralized finance), mainly being built on the Ethereum blockchain, are in turn giving high returns to related tokens. ETH (Ethereum’s gas) itself has gone up in value by about 25-30% in July. Since this bullish upward swing has started, many in the crypto community have turned bullish. How will August fare?
Madbyte token, MADX, is now available on the Saturn Exchange. It is an DEX (decentralized exchange). Visit https://www.saturn.network/exchange/ETH/order-book/madx or you can access the same DEX with MADX/ETH pairing via our own domain: https://madcap.exchange/.
Our trading area called MadTrade, in the MadcapX.com members platform, will now be open to all tiers to use. The buy and sell order expiry times have been extended for all tiers. If you are looking for a more traditional exchange than a DEX or what our platform offers, try https://tradecoinx.com.
All MadcapX members are now able to buy BTC and other cryptos directly using fiat money such as USD, EURO or CAD. The BTC purchase defaults directly to your MadVault wallet though you can change the address and have the Bitcoin sent to any BTC wallet address. The transactions are secure and are handled by Transak.
New to Madbyte? Signup on MadcapX.com, login and go to your profile to add some more info to your profile. When you save, you will get 1 MADX token as a new user, which automatically makes you a tier one level member. You are now able to use our trading platform to buy more MADX and move to a higher tier level.
All the best,
Madbyte Team
Madbyte.com
One Bitcoin, as of the writing of this newsletter, is worth over $11,000 USD. It is only the second time in history that it has closed the month over that. This past month also saw a surge in the value of several alt coins. The news of Cardano (ADA) releasing a hard fork has caused it to push to new YTD highs. The large amounts of money going into DeFi (decentralized finance), mainly being built on the Ethereum blockchain, are in turn giving high returns to related tokens. ETH (Ethereum’s gas) itself has gone up in value by about 25-30% in July. Since this bullish upward swing has started, many in the crypto community have turned bullish. How will August fare?
Madbyte token, MADX, is now available on the Saturn Exchange. It is an DEX (decentralized exchange). Visit https://www.saturn.network/exchange/ETH/order-book/madx or you can access the same DEX with MADX/ETH pairing via our own domain: https://madcap.exchange/.
Our trading area called MadTrade, in the MadcapX.com members platform, will now be open to all tiers to use. The buy and sell order expiry times have been extended for all tiers. If you are looking for a more traditional exchange than a DEX or what our platform offers, try https://tradecoinx.com.
All MadcapX members are now able to buy BTC and other cryptos directly using fiat money such as USD, EURO or CAD. The BTC purchase defaults directly to your MadVault wallet though you can change the address and have the Bitcoin sent to any BTC wallet address. The transactions are secure and are handled by Transak.
New to Madbyte? Signup on MadcapX.com, login and go to your profile to add some more info to your profile. When you save, you will get 1 MADX token as a new user, which automatically makes you a tier one level member. You are now able to use our trading platform to buy more MADX and move to a higher tier level.
All the best,
Madbyte Team
Madbyte.com
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