Madbyte News - July 1, 2020
Today we are enabling a new feature that allows members to buy and sell Madbyte tokens within the MadCapX platform. It is being released in beta for members that are tier 8 or higher. This allows us to beta test it with a wider group before releasing it to all tier levels.
Initially, there will only be a MADX.1K/BTC pairing with possibly a few more added in the future. Since we do not want people trading MADX in too small of quantities, we have decided to create minimums of 1000 MADX trades (and only in chunks of 1000 MADX). So, 1000 MADX equals 1 MADX.1K.
We have implemented order expiry times to keep the trading page as clean as possible. The higher tier level you are, the longer your orders will remain listed. There are no trading fees. Fees only come into play on our system when you withdraw to an external wallet.
Once the trading system is all done and out of beta, you will start seeing more information related to a new website we are working on, Madxgames.com.
Stay in the zone,
Madbyte Team
Topic: [ANN] [MADX] Madbyte - Invested Crypto with MadCapX - page 3. (Read 56605 times)
Madbyte News - June 1, 2020
This past month the MadCapX membership website had a successful change related to it’s tier levels. Gone are the 7 levels starting at a required 8000 to 2.5 million MADX holdings. Membership now starts from 1 MADX token and continues way past the previous 2.5 million.
Your Madcap level will automatically change as you add more internal holdings or specify more external holdings. Higher levels will occasionally have more options. For instance, in the coming month, higher levels will get the new feature we’ve been working on first. So those of you who are in the higher levels should look out for that upcoming new addition.
MadCapX has been the membership platform that Madbyte considers our base for the crypto investor that we will continue to build onto. In 2020, a new platform will be built that relates to a whole different industry but will still use our Madbyte token, MADX. We will share more about this in a later newsletter.
Bitcoin value has continued to hover in the $9000 USD range over the last few weeks. If you are interested in trading cryptocurrencies such as Bitcoin, there are many large exchanges such as Coinbase, Binance, Kraken, and many others you should look into. If you are interested in trading Bitcoin through your broker or within your retirement account, check out symbols GBTC or QBTC.
Until next time, buy some dips and sell those humps,
Madbyte Team
This past month the MadCapX membership website had a successful change related to it’s tier levels. Gone are the 7 levels starting at a required 8000 to 2.5 million MADX holdings. Membership now starts from 1 MADX token and continues way past the previous 2.5 million.
Your Madcap level will automatically change as you add more internal holdings or specify more external holdings. Higher levels will occasionally have more options. For instance, in the coming month, higher levels will get the new feature we’ve been working on first. So those of you who are in the higher levels should look out for that upcoming new addition.
MadCapX has been the membership platform that Madbyte considers our base for the crypto investor that we will continue to build onto. In 2020, a new platform will be built that relates to a whole different industry but will still use our Madbyte token, MADX. We will share more about this in a later newsletter.
Bitcoin value has continued to hover in the $9000 USD range over the last few weeks. If you are interested in trading cryptocurrencies such as Bitcoin, there are many large exchanges such as Coinbase, Binance, Kraken, and many others you should look into. If you are interested in trading Bitcoin through your broker or within your retirement account, check out symbols GBTC or QBTC.
Until next time, buy some dips and sell those humps,
Madbyte Team
Madbyte News - May 1, 2020
The mining reward for the leading cryptocurrency, Bitcoin, will be halving around May 12th. This is the third time this will have happened. The reward started at 50 Bitcoin and dropped to 25 in 2012, 12.5 in 2016, and now to 6.25 BTC. These halving events, in turn, has caused Bitcoin value to increase historically. Price during the first halving was $12 per BTC and 150 days later it had gone up to $127. In 2016 the halving price was at $650 and now in 2020.
Bitcoin will continue to be extremely volatile and even more so as we have this perfect storm of events from money printing, halving, and the worldwide lockdown. A few weeks ago we were at lows of $3800 or so and now highs of $9000. The speculation in the stock-to-flow model has BTC heading into the $100,000 area in this next 4-year cycle. It seems unreal but so did today’s current value in 2012 and 2016, yet here we are. So if you want to speculate, there is always time to see if 10x returns are available. Though when you speculate you can also lose substantial amounts.
We will be expanding the MadCapX tier levels sometime this month. Tier levels will be number-based and no longer have names. For existing members, you will be transferred to the matching new tier at the corresponding reward level. You may ask how many tier levels there will be... but that is a secret that can only be found out by leveling up. We are also changing it so that you will no longer hold multiple tier levels, but instead have just one which is automatically calculated and checked every day from the total in your vault and listed holdings. You will be able to list external holding wallet addresses with at least 1000 MADX or higher. Rewards will continue to be given out on the first of every month.
During the month, do not worry if the panel stops working and you see the message "MadcapX is currently down for maintenance." as that just means we have temporarily turned off functionality for members while system changes are being performed. We will probably be taking the system down multiple times for varying time spans. If you come across any issues, please inform us via our contact form or in Discord.
Happy investing,
Madbyte team
The mining reward for the leading cryptocurrency, Bitcoin, will be halving around May 12th. This is the third time this will have happened. The reward started at 50 Bitcoin and dropped to 25 in 2012, 12.5 in 2016, and now to 6.25 BTC. These halving events, in turn, has caused Bitcoin value to increase historically. Price during the first halving was $12 per BTC and 150 days later it had gone up to $127. In 2016 the halving price was at $650 and now in 2020.
Bitcoin will continue to be extremely volatile and even more so as we have this perfect storm of events from money printing, halving, and the worldwide lockdown. A few weeks ago we were at lows of $3800 or so and now highs of $9000. The speculation in the stock-to-flow model has BTC heading into the $100,000 area in this next 4-year cycle. It seems unreal but so did today’s current value in 2012 and 2016, yet here we are. So if you want to speculate, there is always time to see if 10x returns are available. Though when you speculate you can also lose substantial amounts.
We will be expanding the MadCapX tier levels sometime this month. Tier levels will be number-based and no longer have names. For existing members, you will be transferred to the matching new tier at the corresponding reward level. You may ask how many tier levels there will be... but that is a secret that can only be found out by leveling up. We are also changing it so that you will no longer hold multiple tier levels, but instead have just one which is automatically calculated and checked every day from the total in your vault and listed holdings. You will be able to list external holding wallet addresses with at least 1000 MADX or higher. Rewards will continue to be given out on the first of every month.
During the month, do not worry if the panel stops working and you see the message "MadcapX is currently down for maintenance." as that just means we have temporarily turned off functionality for members while system changes are being performed. We will probably be taking the system down multiple times for varying time spans. If you come across any issues, please inform us via our contact form or in Discord.
Happy investing,
Madbyte team
If anyone has any MBYT still on tradecoinx.com exchange we will be removing the MBYT node very soon. The swap ended Dec.2019. Thanks.
Madbyte News - April 1, 2020
What just happened? Most of the world is on lockdown and unemployment went through the roof. Several governments will be handing out money, not by the millions, but by the billions/trillions to make sure we stay away from each other. It is amazing how things can change in a month.
Cryptocurrencies are well suited for this as most dev teams have been social distancing from the beginning. Many devs do not even want to even be known except by their pseudonym in Discord or Telegram. Cash has become dirty (potential virus carrier) needing to be sanitized by a disinfectant wipe, where your crypto just needs a QR code to transact. The more cash that gets printed, the less it is worth. You get the idea. Fiat cash seems to have tested positive for COVID-19, now we wait to see how sick it will actually become. Or will it weather the storm and gain immunity. Since death rates are low, the chance of fiat passing away is still unlikely.
All markets took a massive nosedive, as did BTC. So where will Bitcoin go from here? Who really knows. The things we should be watching out for are: the release of a Fed digital dollar (what will that mean for cryptocurrencies), BTC dominance (will it rise from the current 60% to 90%), and the Bitcoin stock to flow ratio (will it hold within the current patterns).
Since everyone is giving away fiat money, we figured that we should join the party. Starting today MADX will be doing an airdrop for the next week. If you are new and wish to get some tokens (between 100 to 300 MADX) all you need is an email and a MADX token address, go to https://madcapx.com/airdrop/.
Stay safe everyone,
Madbyte team
What just happened? Most of the world is on lockdown and unemployment went through the roof. Several governments will be handing out money, not by the millions, but by the billions/trillions to make sure we stay away from each other. It is amazing how things can change in a month.
Cryptocurrencies are well suited for this as most dev teams have been social distancing from the beginning. Many devs do not even want to even be known except by their pseudonym in Discord or Telegram. Cash has become dirty (potential virus carrier) needing to be sanitized by a disinfectant wipe, where your crypto just needs a QR code to transact. The more cash that gets printed, the less it is worth. You get the idea. Fiat cash seems to have tested positive for COVID-19, now we wait to see how sick it will actually become. Or will it weather the storm and gain immunity. Since death rates are low, the chance of fiat passing away is still unlikely.
All markets took a massive nosedive, as did BTC. So where will Bitcoin go from here? Who really knows. The things we should be watching out for are: the release of a Fed digital dollar (what will that mean for cryptocurrencies), BTC dominance (will it rise from the current 60% to 90%), and the Bitcoin stock to flow ratio (will it hold within the current patterns).
Since everyone is giving away fiat money, we figured that we should join the party. Starting today MADX will be doing an airdrop for the next week. If you are new and wish to get some tokens (between 100 to 300 MADX) all you need is an email and a MADX token address, go to https://madcapx.com/airdrop/.
Stay safe everyone,
Madbyte team
Madbyte News - March 1, 2020
February saw bitcoin go above the USD $10,000 mark once again, before sliding back down to below $8500 by the end of the month. As most are aware that the next BTC halving is expected to happen near May 12, 2020, leading to a variety of predictions to where the price is going in the next 10 weeks. Several bulls are predicting a new all-time high over $20,000 in 2020. So does that bring us to about $14,000 in May?
Since MBYT coin was swapped late 2019 to MADX token, what is our expectations on the value going forward? If we take a quick look back, from November to December the value hovered between 1 to 9 Satoshi. January saw it rise to as high as 14 and in February to a high of 17 Satoshi. Could we continue to see new highs made each month for MADX? Will it go over 20 in March with BTC over $11,000?
The TradecoinX exchange that we are listed on is new and has been in beta release. It has low volume and the order books are thin. The Madbyte team has been assisting with the exchange whenever they have needed us. This past month, the exchange was successfully moved to AWS and upgraded with some new features. Many of the issues it was having last year have been now fixed by the developers. As always, we recommend that you do not use any exchange or platform for storing your coins except when actively trading. You should store your BTC or MADX in your own local cold wallet. “Not your keys, not your bitcoin” as Andreas Antonopoulos would say.
MADX has finally been listed on coinmarketcap.com except it still lacks data values since we are not listed on any of the exchanges they are currently following.
If you are in the northern cold climates… summer is just around the corner and so is the halving.
Warm crypto wishes,
Madbyte Team
February saw bitcoin go above the USD $10,000 mark once again, before sliding back down to below $8500 by the end of the month. As most are aware that the next BTC halving is expected to happen near May 12, 2020, leading to a variety of predictions to where the price is going in the next 10 weeks. Several bulls are predicting a new all-time high over $20,000 in 2020. So does that bring us to about $14,000 in May?
Since MBYT coin was swapped late 2019 to MADX token, what is our expectations on the value going forward? If we take a quick look back, from November to December the value hovered between 1 to 9 Satoshi. January saw it rise to as high as 14 and in February to a high of 17 Satoshi. Could we continue to see new highs made each month for MADX? Will it go over 20 in March with BTC over $11,000?
The TradecoinX exchange that we are listed on is new and has been in beta release. It has low volume and the order books are thin. The Madbyte team has been assisting with the exchange whenever they have needed us. This past month, the exchange was successfully moved to AWS and upgraded with some new features. Many of the issues it was having last year have been now fixed by the developers. As always, we recommend that you do not use any exchange or platform for storing your coins except when actively trading. You should store your BTC or MADX in your own local cold wallet. “Not your keys, not your bitcoin” as Andreas Antonopoulos would say.
MADX has finally been listed on coinmarketcap.com except it still lacks data values since we are not listed on any of the exchanges they are currently following.
If you are in the northern cold climates… summer is just around the corner and so is the halving.
Warm crypto wishes,
Madbyte Team
Madbyte News - February 1, 2020
The Madbyte token and MadCapX membership website are not part of a company and do not currently make a profit of any kind. The token is used mainly for the purpose of allowing holders to be members and as such, gaining monthly rewards for maintaining membership.
MadCapX was built for individuals who have MADX tokens and either wish to hold them longer-term or else convert them to another crypto. The website is home base for MADX holders and we will continue adding new features. For example, in the coming months, we are working on a feature that will allow you to do simple trades without fees. Since this is the hub for Madbyte and the majority of the token holders, it could also set the lead for the token value against BTC.
In January we added MadVault to the panel. This opens up deposits and withdrawals of MADX, BTC, LTC & ETH. Another reason for the new MadVault feature is to allow MadFolio users to store their crypto in our secure cold wallets. All transfers in and out of our system are manually handled which allows us to watch for suspicious activity and prevent hacking. Deposits and withdrawals are also another step toward allowing members to do trading internally.
Once we are happy with how the membership site works we will look at adding new websites for the MADX token. Our internal roadmap has more platforms we hope to tackle but as per our usual operating method, we will only release information once we have a working beta.
All members with MadCap holdings can now see the MadFolio page but to see and use the Binance API feature for trading you need to be a Junior Partner or higher tier.
All the best,
Madbyte.com team
The Madbyte token and MadCapX membership website are not part of a company and do not currently make a profit of any kind. The token is used mainly for the purpose of allowing holders to be members and as such, gaining monthly rewards for maintaining membership.
MadCapX was built for individuals who have MADX tokens and either wish to hold them longer-term or else convert them to another crypto. The website is home base for MADX holders and we will continue adding new features. For example, in the coming months, we are working on a feature that will allow you to do simple trades without fees. Since this is the hub for Madbyte and the majority of the token holders, it could also set the lead for the token value against BTC.
In January we added MadVault to the panel. This opens up deposits and withdrawals of MADX, BTC, LTC & ETH. Another reason for the new MadVault feature is to allow MadFolio users to store their crypto in our secure cold wallets. All transfers in and out of our system are manually handled which allows us to watch for suspicious activity and prevent hacking. Deposits and withdrawals are also another step toward allowing members to do trading internally.
Once we are happy with how the membership site works we will look at adding new websites for the MADX token. Our internal roadmap has more platforms we hope to tackle but as per our usual operating method, we will only release information once we have a working beta.
All members with MadCap holdings can now see the MadFolio page but to see and use the Binance API feature for trading you need to be a Junior Partner or higher tier.
All the best,
Madbyte.com team
Madbyte News - January 1, 2020
Happy New Year!!! It is great to start the year in a new gear. Our swap is finished. Well over 100 million Madbyte coins were swapped to the new Madbyte token known by the symbol MADX on the ETH blockchain.
Every single member of the top three tier levels swapped to the new token. Only about 2% of the member’s coins did not swap for whatever reason. For those who missed the swap, it is still available at a slightly lower swap ratio at TradeCoinx.ca exchange.
In January, you will be able to withdraw and deposit MADX tokens from within the new MadVault. All the coins & tokens within the MadVault will be held in cold storage.
We look forward to what is happening in 2020 in crypto and not only with Madbyte. Bitcoin will be halving, getting Schnorr Signatures, Taproot and many eyes are going to be on the price to see if it can get a new all-time high over $20,000. Ethereum will be releasing many new updates to get it closer to ETH 2.0. The DeFi (Decentralized Finance) space will continue to expand with over 90% being built on Ethereum. It will be an exciting year.
All the best,
Madbyte.com team
Happy New Year!!! It is great to start the year in a new gear. Our swap is finished. Well over 100 million Madbyte coins were swapped to the new Madbyte token known by the symbol MADX on the ETH blockchain.
Every single member of the top three tier levels swapped to the new token. Only about 2% of the member’s coins did not swap for whatever reason. For those who missed the swap, it is still available at a slightly lower swap ratio at TradeCoinx.ca exchange.
In January, you will be able to withdraw and deposit MADX tokens from within the new MadVault. All the coins & tokens within the MadVault will be held in cold storage.
We look forward to what is happening in 2020 in crypto and not only with Madbyte. Bitcoin will be halving, getting Schnorr Signatures, Taproot and many eyes are going to be on the price to see if it can get a new all-time high over $20,000. Ethereum will be releasing many new updates to get it closer to ETH 2.0. The DeFi (Decentralized Finance) space will continue to expand with over 90% being built on Ethereum. It will be an exciting year.
All the best,
Madbyte.com team
Last day to be able to swap from MBYT to MADX.
The time for swapping from MBYT to MADX is almost over! If you still have any MBYT left, act quickly or end up bag-holding an unsupported coin. Swap at https://madcapx.com/swap
Madbyte News - December 1, 2019
We would like to remind you that the swap from MBYT coin to MADX token is happening right now. Over 70 million have already been swapped. The swap period will end on December 31, 2019, but do not wait till the end of the month to do the swap. If you are having any difficulties in syncing your wallet or getting your coins sent, please contact us through our website contact form or via Discord. https://madcapx.com/swap/
All Madcap staking rewards this month will be given as the new MADX token right into your account. Those that still have the old MBYT coins staked as holdings in the Madcap system will not be given rewards anymore. Withdrawals of MADX from your internal account to external addresses will be implemented later this month.
Two exchanges have MADX listed: Tradecoinx.ca and Mcafeedex.com. If you are wanting to buy or sell tokens, those are two ways to do it. It is also very easy and cheap to send from person to person by using one of the many wallets available for ERC20 tokens.
If you are new to Madbyte, it is easy to get free MADX tokens right inside our Madcapx.com membership website. Once you signup, go to our internal faucet, the simple tokenfield game, to gather free tokens and compete to be the number one player. On the first of each month, all the token rewards you have gathered are placed into your internal Madcap wallet.
Our next newsletter will be in 2020 and we have many new things we look forward to announcing throughout next year.
All the best,
Madbyte.com team
We would like to remind you that the swap from MBYT coin to MADX token is happening right now. Over 70 million have already been swapped. The swap period will end on December 31, 2019, but do not wait till the end of the month to do the swap. If you are having any difficulties in syncing your wallet or getting your coins sent, please contact us through our website contact form or via Discord. https://madcapx.com/swap/
All Madcap staking rewards this month will be given as the new MADX token right into your account. Those that still have the old MBYT coins staked as holdings in the Madcap system will not be given rewards anymore. Withdrawals of MADX from your internal account to external addresses will be implemented later this month.
Two exchanges have MADX listed: Tradecoinx.ca and Mcafeedex.com. If you are wanting to buy or sell tokens, those are two ways to do it. It is also very easy and cheap to send from person to person by using one of the many wallets available for ERC20 tokens.
If you are new to Madbyte, it is easy to get free MADX tokens right inside our Madcapx.com membership website. Once you signup, go to our internal faucet, the simple tokenfield game, to gather free tokens and compete to be the number one player. On the first of each month, all the token rewards you have gathered are placed into your internal Madcap wallet.
Our next newsletter will be in 2020 and we have many new things we look forward to announcing throughout next year.
All the best,
Madbyte.com team
Madbyte News - November 1, 2019
As many of you already know, the new Madbyte token we have created is called MADX. Swapping from coin to token will begin later this month. MADX is an ERC20 token that runs on the ETH blockchain. This allows you to store your MADX in a large variety of token (ETH based) wallets that can be run on your mobile, tablet, desktop and hardware wallets. For instance, Ledger Nano is a hardware wallet that will store your tokens securely. MetaMask wallet on your browser is a great way to have easy access when trading on a DEX like mcafeedex.com.
MADX is currently listed on two exchanges, tradecoinx.ca and mcafeedex.com. Tradecoinx has two pairings, MADX/BTC and also MADX/MBYT. The MBYT pairing gives you an alternative way to swap for an earlier and longer time period. Though this pairing will have a limited amount available at the 1:1 ratio.
Mcafeedex.com is a decentralized exchange that has four pairings with MADX: ETH, WBTC (wrapped BTC), DIA & TUSD (USD stablecoin). This exchange can be used directly in connection with the MetaMask wallet on your browser, a ledger nano or importing an ETH address along with its private key.
Important upcoming dates:
November 1 - The end of rewards for running Madbyte nodes. Expect to see all references to MBYT in the Madcapx member panel phased out during the month.
November 15 - The beginning of swap (at 1:1 ratio) from MBYT coin to MADX token at https://madcapx.com/swap. You will have the option to have tokens sent to your Madcapx account or to your wallet account address.
December 1st - Rewards will now be given out as MADX going forward and no more rewards for MBYT holdings (only for MADX holdings).
December 31st - Swapping at madcapx.com/swap ends.
In regard to our reward system, all MADX will be sent to your Madcapx account and you will be able to request a withdrawal if you wish. Note that withdrawal requests of MADX from your account may be subject to a few days wait as the processing will be done manually.
All the best,
Madbyte.com team
As many of you already know, the new Madbyte token we have created is called MADX. Swapping from coin to token will begin later this month. MADX is an ERC20 token that runs on the ETH blockchain. This allows you to store your MADX in a large variety of token (ETH based) wallets that can be run on your mobile, tablet, desktop and hardware wallets. For instance, Ledger Nano is a hardware wallet that will store your tokens securely. MetaMask wallet on your browser is a great way to have easy access when trading on a DEX like mcafeedex.com.
MADX is currently listed on two exchanges, tradecoinx.ca and mcafeedex.com. Tradecoinx has two pairings, MADX/BTC and also MADX/MBYT. The MBYT pairing gives you an alternative way to swap for an earlier and longer time period. Though this pairing will have a limited amount available at the 1:1 ratio.
Mcafeedex.com is a decentralized exchange that has four pairings with MADX: ETH, WBTC (wrapped BTC), DIA & TUSD (USD stablecoin). This exchange can be used directly in connection with the MetaMask wallet on your browser, a ledger nano or importing an ETH address along with its private key.
Important upcoming dates:
November 1 - The end of rewards for running Madbyte nodes. Expect to see all references to MBYT in the Madcapx member panel phased out during the month.
November 15 - The beginning of swap (at 1:1 ratio) from MBYT coin to MADX token at https://madcapx.com/swap. You will have the option to have tokens sent to your Madcapx account or to your wallet account address.
December 1st - Rewards will now be given out as MADX going forward and no more rewards for MBYT holdings (only for MADX holdings).
December 31st - Swapping at madcapx.com/swap ends.
In regard to our reward system, all MADX will be sent to your Madcapx account and you will be able to request a withdrawal if you wish. Note that withdrawal requests of MADX from your account may be subject to a few days wait as the processing will be done manually.
All the best,
Madbyte.com team
TODAY IS THE LAST CHANCE TO GET YOUR MBYT OFF OF NOVAEXCHANGE!!!
https://novaexchange.com/market/BTC_MBYT/
Nova is closing down permanently tomorrow and there is still a balance of 780479 MBYT sitting on there for sale. If you own any of those coins, get them off NOW or lose them!
Move your Madbyte coins over to https://trade.tradecoinx.ca/trading/mbytbtc
https://novaexchange.com/market/BTC_MBYT/
Nova is closing down permanently tomorrow and there is still a balance of 780479 MBYT sitting on there for sale. If you own any of those coins, get them off NOW or lose them!
Move your Madbyte coins over to https://trade.tradecoinx.ca/trading/mbytbtc
For anyway worried about missing the swap period we will announce it long before it starts and keep it open for months so nobody misses out.
Madbyte News - October 1, 2019
The end of 2019 is fast approaching, only 2 more newsletters left. What are some things to expect before the year comes to a close?
We are planning to offer Madbyte coin holders a swap to our upcoming token before the end of 2019.
Madbyte coin is a proof-of-work coin based on Litecoin from a 2016 codebase. Litecoin has a large base of miners keeping it very secure. So, it is important for us to consider how we will develop Madbyte to allow us to capture what we are trying to do - how to give us all more features and deliver a secure crypto future. We believe swapping to using a ERC20 token is the path forward for Madbyte.
Well over 100 million Madbyte coins have been distributed through mining, rewards and faucets. Part of the plan going forward when making changes to madbyte is to slow down distribution drastically by not having the mining option available anymore. The main way distribution will happen is through staking rewards in the MadCap system.
In the next couple of newsletters, we will layout our plans in more detail. For the latest information go to our Discord channel found through our website. We will be giving regular updates there as we go into this process.
On another note, Nova Exchange will be closing their exchange on October 7th. We suggest to either use a desktop wallet for your Madbyte holdings or if you wish to do some trading go to Tradecoinx.ca.
All the best during this fall season,
Madbyte.com team
The end of 2019 is fast approaching, only 2 more newsletters left. What are some things to expect before the year comes to a close?
We are planning to offer Madbyte coin holders a swap to our upcoming token before the end of 2019.
Madbyte coin is a proof-of-work coin based on Litecoin from a 2016 codebase. Litecoin has a large base of miners keeping it very secure. So, it is important for us to consider how we will develop Madbyte to allow us to capture what we are trying to do - how to give us all more features and deliver a secure crypto future. We believe swapping to using a ERC20 token is the path forward for Madbyte.
Well over 100 million Madbyte coins have been distributed through mining, rewards and faucets. Part of the plan going forward when making changes to madbyte is to slow down distribution drastically by not having the mining option available anymore. The main way distribution will happen is through staking rewards in the MadCap system.
In the next couple of newsletters, we will layout our plans in more detail. For the latest information go to our Discord channel found through our website. We will be giving regular updates there as we go into this process.
On another note, Nova Exchange will be closing their exchange on October 7th. We suggest to either use a desktop wallet for your Madbyte holdings or if you wish to do some trading go to Tradecoinx.ca.
All the best during this fall season,
Madbyte.com team
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Madbyte News - September 2, 2019
Investing in BTC continues to be one of the best investments in the crypto space with most altcoins taking a back seat. Bitcoin has reached 70% market dominance from its low of 33% in January of 2018. It does seem it is heading back to the 80%+ area that it held until March of 2017.
Interestingly, in March of 2017 we created our Madbyte coin to join the thousands of others that were created during that year. Many of those coins are now gone. But several continue to have dedicated teams working in the background. We have been assisting, supporting and testing a new exchange.
The new TradecoinX exchange that was mentioned last month has taken another step forward toward completion. Madbyte coin is one of the first coins listed there. The exchange is sort of in open beta mode where everything is working, but yet needs some time for real live testing. Both MBYT and TRADE coins have a very low discounted trading fee of only 0.02%.
The Madbyte coin value on the cryptocronic.com website is now coming from TradecoinX instead of NovaExchange.
We have slowly been dropping all the other coins off mbytpool.com and will only be keeping the Madbyte coin on it anymore.
We try to keep a tight ship with our membership website. Those who signup on the MadCapX website and do not use it, by registering their holdings or a node, will be deactivated.
All the best from us,
Madbyte.com Team
Investing in BTC continues to be one of the best investments in the crypto space with most altcoins taking a back seat. Bitcoin has reached 70% market dominance from its low of 33% in January of 2018. It does seem it is heading back to the 80%+ area that it held until March of 2017.
Interestingly, in March of 2017 we created our Madbyte coin to join the thousands of others that were created during that year. Many of those coins are now gone. But several continue to have dedicated teams working in the background. We have been assisting, supporting and testing a new exchange.
The new TradecoinX exchange that was mentioned last month has taken another step forward toward completion. Madbyte coin is one of the first coins listed there. The exchange is sort of in open beta mode where everything is working, but yet needs some time for real live testing. Both MBYT and TRADE coins have a very low discounted trading fee of only 0.02%.
The Madbyte coin value on the cryptocronic.com website is now coming from TradecoinX instead of NovaExchange.
We have slowly been dropping all the other coins off mbytpool.com and will only be keeping the Madbyte coin on it anymore.
We try to keep a tight ship with our membership website. Those who signup on the MadCapX website and do not use it, by registering their holdings or a node, will be deactivated.
All the best from us,
Madbyte.com Team
Madbyte News - August 2, 2019
The summer heat is on and Bitcoin continues its wobbly march upwards, temporarily keeping the value of most altcoins down. Sami is not available this month to write the newsletter and comment on the state of crypto as he is in the midst of physically moving to southern Ontario, Canada (near to where I, Cryptocronic, live). We will be able to easily meet up in person and continue working together to complete Madbyte related tasks.
Internally, our team has been assisting with the installation and setup of a new cryptocurrency exchange, which is an initiative by one of our members. There have been numerous issues just getting the basic configuration with four coins up and running successfully. Initially, you will see Tradecoin, Madbyte and Litecoin markets paired with Bitcoin. The exchange is still in testing phases but can be found at https://trade.tradecoinx.ca/trading/ if you want to take a peek. Feel free to make suggestions of coins to add in our Discord group (or join the Tradecoinx server at https://discord.gg/nBQgXkd). Know that they are starting off slowly in that regard as to not over-burden the system.
Our goals for the summer are to continue testing and perfecting our Madfolio trade tracking system and to support tradecoinx.ca. While the exchange is just a small one, we are hoping that with our support and inside knowledge of its operation, it can be trusted by our members (and eventually the general public) to not just disappear and take your coins like so many others. We aim to keep you informed of any issues and struggles we are having as we progress with it.
Sorry for this months newsletter being released slightly later than usual and for being rather short. Next month we will hopefully have a lot more to report on.
All the best from us,
Madbyte.com Team
The summer heat is on and Bitcoin continues its wobbly march upwards, temporarily keeping the value of most altcoins down. Sami is not available this month to write the newsletter and comment on the state of crypto as he is in the midst of physically moving to southern Ontario, Canada (near to where I, Cryptocronic, live). We will be able to easily meet up in person and continue working together to complete Madbyte related tasks.
Internally, our team has been assisting with the installation and setup of a new cryptocurrency exchange, which is an initiative by one of our members. There have been numerous issues just getting the basic configuration with four coins up and running successfully. Initially, you will see Tradecoin, Madbyte and Litecoin markets paired with Bitcoin. The exchange is still in testing phases but can be found at https://trade.tradecoinx.ca/trading/ if you want to take a peek. Feel free to make suggestions of coins to add in our Discord group (or join the Tradecoinx server at https://discord.gg/nBQgXkd). Know that they are starting off slowly in that regard as to not over-burden the system.
Our goals for the summer are to continue testing and perfecting our Madfolio trade tracking system and to support tradecoinx.ca. While the exchange is just a small one, we are hoping that with our support and inside knowledge of its operation, it can be trusted by our members (and eventually the general public) to not just disappear and take your coins like so many others. We aim to keep you informed of any issues and struggles we are having as we progress with it.
Sorry for this months newsletter being released slightly later than usual and for being rather short. Next month we will hopefully have a lot more to report on.
All the best from us,
Madbyte.com Team
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