Ripio Credit Network (RCN) price, marketcap, chart, and ...

I built an app that ranks coins based on the growth of their communities (X-Post /r/CryptoCurrency)

Hi /crypto_general, I wanted to share a personal project that I figured some of you guys might be interested in. I have noticed in the 9 months (the most meme and stress filled of my life) of closely following the crypto markets, that one of the biggest factors in determining the future success of a coin, coming after only its technology, is the community surrounding it (see /NEO). This isn't always the best thing because fundamentals and the technology sometimes get ignored but its a fact of the market right now.
 
A community that can dispel all the FUD surrounding its coin, explain to the lay man the value and use case of the coin, or hype upcoming news without going overboard ( don’t see /NEO ;) ) is incredibly valuable to adding to the confidence of potential buyers. This is what inspired me to make Coinmunity.
 
Coinmunity is an app where you can easily stay on top of which coins are currently experiencing the most growth in their communities (reddit and twitter) and how it relates to their prices over time. In crypto, where hype plays such a huge role in the price, buying the rumor and selling the news is super important (even tho its so damn hard to ignore the FOMO). Coinmunity aggregates all the top posts from each coin’s subreddit so you can keep track of which coins have big upcoming events and learn more about coins you may not have heard of before - all in one place. You can download the iOS app here!
 
As of right now here are the top 20 coin communties of the day ordered by combined subreddit and twitter growth (Hopefully there will be a few you haven't researched yet):
 
If you would like to see some screenshots, here's an album..
Anyways, I hope this is ok to post here and that it can help some people pursue their dream of becoming an astronaut. If you have any suggestions I would love to hear them. Thanks!
p.s. dont do it!... hodl!!
 
edit:
Features that will be added next:
 
edit #2:
For those android users, I will connect the database to a web app ASAP while I am working on getting an android version up and running. If you would like to be notified about when this is complete either follow https://twitter.com/coinmunityapp or shoot me an email at [email protected]
submitted by nectarAF to Crypto_General [link] [comments]

updating a .gs to retrieve CoinMarketCap data following their transition to new API

Hi, I have been using the following simple .gs to pull CoinMarketCap prices but it is broken now with their migration to their new API. I believe the issue lies with "function getCoins()" but I'm not sure how to proceed given CoinMarketCap's guide here: https://coinmarketcap.com/api/documentation/v1/#section/Quick-Start-Guide
var queryString = Math.random();
var ss = SpreadsheetApp.getActiveSpreadsheet(); var ssRates = ss.getSheetByName('Rates'); if (ssRates === null) { ssRates = ss.insertSheet('Rates'); }
var targetCurrency = 'usd'
// Grabs all CoinMarketCap data if (typeof targetCurrency == 'undefined' || targetCurrency == '') {targetCurrency = 'usd'}; var coins = getCoins();
function getCryptoData() {
// Use the value in the 'id' field here: https://api.coinmarketcap.com/v1/ticke?limit=0 // If you're getting errors, you may be using the wrong 'id'
var myCoins = [ '0x', 'adelphoi', 'adx-net', 'aeternity', 'aion', 'aigang', 'airswap', 'appcoins', 'aeron', 'aragon', 'ardor', 'ark', 'aurora-dao', 'banyan-network', 'bitclave', 'bancor', 'basic-attention-token', 'binance-coin', 'bitcoin', 'bitcoin-cash', 'bitcoin-god', 'bitcoin-gold', 'bitcoin-interest', 'bitcoin-token', 'bitcoin-private', 'bitcoinx', 'bitcore', 'bitdegree', 'bitsend', 'bitshares', 'block-array', 'blockmason', 'bytecoin-bcn', 'c20', 'canyacoin', 'cardano', 'chatcoin', 'cheesecoin', 'cindicator', 'civic', 'cofound-it', 'counterparty', 'coss', 'cpchain', 'cybermiles', 'dash', 'datum', 'decred', 'digibyte', 'digixdao', 'district0x', 'dogecoin', 'dragonchain', 'edgeless', 'enjin-coin', 'eboostcoin', 'enjin-coin', 'eos', 'eosdac', 'ethereum-classic', 'ethereum', 'ethlend', 'everex', 'factom', 'filecoin', 'funfair', 'gas', 'gnosis-gno', 'golem-network-tokens', 'groestlcoin', 'guppy', 'havven', 'huobi-token', 'icon', 'iconomi', 'ignis', 'invictus-hyperion-fund', 'iostoken', 'iot-chain', 'iota', 'internet-of-people', 'ixledger', 'kucoin-shares', 'kyber-network', 'legolas-exchange', 'library-credit', 'litecoin', 'lightning-bitcoin', 'maker', 'medical-chain', 'mercury', 'metronome', 'monero', 'nano', 'neo', 'newton-coin-project', 'nexus', 'oax', 'omisego', 'omni', 'odyssey', 'origintrail', 'patientory', 'pivx', 'phore', 'polymath-network', 'power-ledger', 'qash', 'qtum', 'quantstamp', 'raiden-network-token', 'ravencoin', 'rchain', 'reddcoin', 'republic-protocol', 'rialto', 'ripio-credit-network', 'ripple', 'rise', 'rlc', 'salt', 'semux', 'siacoin', 'singulardtv', 'snovio', 'solaris', 'spreadcoin', 'steem', 'stellar', 'storj', 'stratis', 'streamr-datacoin', 'suncontract', 'syscoin', 'telcoin', 'tenx', 'tezos', 'theta-token', 'time-new-bank', 'tron', 'turtlecoin', 'ubiq', 'ultranote-coin', 'vechain', 'verge', 'veriumreserve', 'vertcoin', 'viacoin', 'vibe', 'viberate', 'vinchain', 'wabi', 'waves', 'wax', 'worldcore', 'zcash', 'zclassic', 'zcoin', 'zencash', ]
ssRates.getRange('A1').setValue("ID"); ssRates.getRange('B1').setValue("Symbol"); ssRates.getRange('C1').setValue("Price USD"); ssRates.getRange('D1').setValue("Price BTC");
var myCoinsObj = {}; var myCoinsCount = myCoins.length; for (var i = 0; i < myCoinsCount; i++) { var c = i+2; var n = 0; while (coins[n]['id'] !== myCoins[i]) { n++; }
myCoinsObj[coins[n]['id']] = coins[n]; ssRates.getRange('A'+(c).toString()).setValue(myCoinsObj[myCoins[i]]['id']); ssRates.getRange('B'+(c).toString()).setValue(myCoinsObj[myCoins[i]]['symbol']); ssRates.getRange('C'+(c).toString()).setValue(myCoinsObj[myCoins[i]]['price_usd']); ssRates.getRange('D'+(c).toString()).setValue(myCoinsObj[myCoins[i]]['price_btc']); 
}
// ================================= // // WALLET BALANCE CONFIGURATION // // =================================
// ===== Wallet Sheet Creator ======================================== // Uncomment the lines of code below // It will create the Wallets sheet for you // If using the Wallets sheet ALWAYS leave it uncommented // ===================================================================
//var ssWallets = activeSpreadsheet.getSheetByName('Wallets'); //if (ssWallets === null) {ssWallets = activeSpreadsheet.insertSheet('Wallets');}
// ===== BCH Wallet Balances ========================================= // Uncomment the lines of code below // Set the variable by pasting your Address inside of the ("") // Change getRange('A1') and getRange('B1') to match the row you want // ===================================================================
//var bchWallet = getBchBalance("Your BCH Address"); //ssWallets.getRange('A1').setValue("BCH Wallet"); //ssWallets.getRange('B1').setValue(bchWallet);
// ===== BTC Wallet Balances ========================================= // Uncomment the lines of code below // Set the variable by pasting your Address inside of the ("") // Change getRange('A2') and getRange('B2') to match the row you want // ===================================================================
//var btcWallet = getBtcBalance("Your BTC Address"); //ssWallets.getRange('A2').setValue("BTC Wallet"); //ssWallets.getRange('B2').setValue(btcWallet);
// ===== Ethereum Wallet Balances ==================================== // Create an account on Etherscan.io // Create an API key at https://etherscan.io/myapikey // Uncomment the lines of code below // Set the API key variable by pasting your API key inside of the ("") // Set the address variable by pasting your Address inside of the ("") // Change getRange('A3') and getRange('B3') to match the row you want // ===================================================================
//var ethApiKey = "Your Etherscan API Key"; //var ethWallet = getEthBalance(ethApiKey,"Your ETH Address"); //ssWallets.getRange('A3').setValue("ETH Wallet"); //ssWallets.getRange('B3').setValue(ethWallet);
// ===== DGB wallet balances ========================================= // Uncomment the lines of code below // Set the variable by pasting your Address inside of the ("") // Change getRange('A4') and getRange('B4') to match the row you want // ===================================================================
//var dgbWallet = getDgbBalance("Your DGB Address"); //ssWallets.getRange('A4').setValue("DGB Wallet"); //ssWallets.getRange('B4').setValue(dgbWallet);
// ===== LTC wallet balances ========================================= // Uncomment the lines of code below // Set the variable by pasting your Address inside of the ("") // Change getRange('A5') and getRange('B5') to match the row you want // ===================================================================
//var ltcWallet = getLtcBalance("Your LTC Address"); //ssWallets.getRange('A5').setValue("LTC Wallet"); //ssWallets.getRange('B5').setValue(ltcWallet);
// ===== VTC wallet balances ========================================= // Uncomment the lines of code below // Set the variable by pasting your Address inside of the ("") // Change getRange('A5') and getRange('B5') to match the row you want // ===================================================================
//var vtcWallet = getVtcBalance("Your VTC Address"); //ssWallets.getRange('A6').setValue("VTC Wallet"); //ssWallets.getRange('B6').setValue(vtcWallet); }
function onOpen() { var ss = SpreadsheetApp.getActiveSpreadsheet(); var menubuttons = [ {name: "clearRates", functionName: "clearRates"},{name: "getCryptoData", functionName: "getCryptoData"}]; ss.addMenu("crypto", menubuttons); }
function clearRates() { var sheet = SpreadsheetApp.getActive().getSheetByName('Rates'); sheet.getRange('A1:D1000').clearContent(); }
function getCoins() {
var url = 'https://api.coinmarketcap.com/v1/ticke?limit=0&convert='+targetCurrency; var response = UrlFetchApp.fetch(url, {'muteHttpExceptions': true}); var json = response.getContentText(); var data = JSON.parse(json);
return data; }
function getBchBalance(bchAddress) {
var url = 'https://bitcoincash.blockexplorer.com/api/add'+bchAddress+'/balance'; var response = UrlFetchApp.fetch(url, {'muteHttpExceptions': true}); var balance = response.getContentText(); //Pause to not trigger API limit for multiple wallets Utilities.sleep(300);
return balance * Math.pow(10,-8); }
function getBtcBalance(btcAddress) {
var url = 'https://blockexplorer.com/api/add'+btcAddress+'/balance'; var response = UrlFetchApp.fetch(url, {'muteHttpExceptions': true}); var balance = response.getContentText(); //Pause to not trigger API limit for multiple wallets Utilities.sleep(300);
return balance * Math.pow(10,-8); }
function getEthBalance(ethApiKey,ethAddress) {
var url = 'https://api.etherscan.io/api?module=account&action=balance&address='+ethAddress+'&tag=latest&apikey='+ethApiKey; var response = UrlFetchApp.fetch(url, {'muteHttpExceptions': true}); var json = response.getContentText(); var obj = JSON.parse(json); var balance = obj.result; //Pause to not trigger API limit for multiple wallets Utilities.sleep(300);
return balance * Math.pow(10,-18); }
function getDgbBalance(dgbAddress) {
var url = 'https://chainz.cryptoid.info/dgb/api.dws?q=getbalance&a='+dgbAddress; var response = UrlFetchApp.fetch(url, {'muteHttpExceptions': true}); var balance = response.getContentText(); //Pause to not trigger API limit for multiple wallets Utilities.sleep(300);
return balance; }
function getLtcBalance(ltcAddress) {
var url = 'https://chainz.cryptoid.info/ltc/api.dws?q=getbalance&a='+ltcAddress; var response = UrlFetchApp.fetch(url, {'muteHttpExceptions': true}); var balance = response.getContentText(); //Pause to not trigger API limit for multiple wallets Utilities.sleep(300);
return balance; }
function getVtcBalance(vtcAddress) {
var url = 'http://explorer.vertcoin.info/ext/getbalance/'+vtcAddress; var response = UrlFetchApp.fetch(url, {'muteHttpExceptions': true}); var balance = response.getContentText(); //Pause to not trigger API limit for multiple wallets Utilities.sleep(300);
return balance; }
// USE AT YOUR OWN RISK function getRate(currencyId) {
if (typeof targetCurrency !== 'undefined') {conversionRate = 'usd'};
var url = 'https://api.coinmarketcap.com/v1/ticke' + currencyId + '/?convert=' + targetCurrency; var response = UrlFetchApp.fetch(url, {'muteHttpExceptions': true}); var json = response.getContentText(); var data = JSON.parse(json); var obj = parseFloat(data[0]['price_' + targetCurrency]);
return obj; }
function getWebRate(currencyId) { //Example Output: // '=IMPORTXML("https://coinmarketcap.com/currencies/zeeyx?3908288283","//span[@id=\'quote_price\']")';
var coinScrape1 = '=IMPORTXML("https://coinmarketcap.com/currencies/'; var coinScrape2 = '","//span[@id=\'quote_price\']")';
return coinScrape1 + currencyId + '?' + queryString + coinScrape2; }
function getCurrencyConversion(currencyOne, currencyTwo) {
var url = 'https://api.fixer.io/latest?symbols='+currencyOne.toUpperCase()+','+currencyTwo.toUpperCase(); var response = UrlFetchApp.fetch(url, {'muteHttpExceptions': true}); var json = response.getContentText(); var data = JSON.parse(json);
return parseFloat(data['rates'][currencyTwo]); }
submitted by neekolas86 to GoogleAppsScript [link] [comments]

WeTrust AMA - October 6 (Originally in Slack, formatted to Reddit)

Hello everyone! It took me a bit longer than last week due to family obligations but here’s the transcript for the third WeTrust Slack AMA! Like last week the majority of the questions were collected through Sli.do and not everyone left their username.
 
Anonymous When do you plan to start marketing and more social media outreach?
Patrick.WeTrust As we near the rollout of the TLC, we plan on increasing marketing and social media outreach. This is necessary since it is important that we get the word out of what we are building.
Anonymous Are you still on track with the roadmap? When can we see/play with the alpha app?
Patrick.WeTrust The dApp is currently being worked on by our engineering team and is scheduled to be released in a few weeks. The features have been locked down and the team is working hard on building out the many features.
Aakeelr Whitepaper is a must and it shouldn't be delayed. Whatever revised version needs to be done should happen and be visible on the site asap if possible.
Patrick.WeTrust We have an older version of our whitepaper (pre-crowdsale) here: https://bravenewcoin.com/assets/Whitepapers/WeTrustWhitePaper.pdf Our top priority is building out and delivering on the Alpha Release of the TLC and resources are focused on that. Once this is complete and more resources are available, we will update the whitepaper.
Anonymous As a large holder of TRST - how can I be assured recent pushes from the SEC and Trex (theyre cleaning house) will not impact TRST? Do you have legal counsel?
George.WeTrust We're not aware of any changes on Bittrex side, and we've just reached out to them to see if there's any information they need from us. We are very conservative in our approach towards regulatory/ compliance issues, and we will continue as such by working with our legal counsel.
Aakeelr Need more exchanges listing TRST to safeguard the token value from today's incident of Bittrex....
Patrick.WeTrust We stand firmly that delivering a quality product that will impact the lives of many as our prime mission and goal. If we are successful, I believe the exchange issue will be small as many will want to list our Token.
Anonymous Any update on getting the whitepaper back on the website?
Patrick.WeTrust We are working on a new landing page of our Trusted Lending Circle page which will feature a new experience of what our app will be like. This is just a temporary page: https://tlc.wetrust.io/, but the new site will be at this domain soon! (hopefully, next week!)
Jeald Are you going to complete your TLC Alpha build mid-October as per your roadmap?
Patrick.WeTrust Yes, this is the current target. Running 1 week or so behind, but we are trying to push to squeeze for lost time. There will be an update in the next community blog post.
Anonymous The Trusted Lending Circles product due for release in December. Where will it be released? Is it an app for the pc? Will it be accessible on mobile devices?
Patrick.WeTrust Correct. The TLC is slated to be released in December. This first iteration will be a Chrome Web App. In the future, mobile definitely will be on the horizon as a large portion of the world uses mobile and do not have computer.
Dgut Do you guys have any plans to revamp the current wetrust.io design and logo? Some projects like Waves have recently "upgraded" to "professional" design and copy-writing, I think that's the way to go because good design is crucial for user adoption today.
Patrick.WeTrust We have updated the website and will look into the current design of the logo. Thanks for the feedback.
Dgut Updating doesn't equal improvement though. :slightly_smiling_face: The current design has too many flaws. See stripe.com and fleep.io for kick-ass designs. Is this something you guys are taking seriously? Other well designed sites: standuply.com and elev.io ... see the difference?
Patrick.WeTrust Fair enough - I will loop in our designers @hailey.wetrust and @yutai to take a look at what these sites have and takeaways we can make.
Yutai.WeTrust We are very focused on the user experience and adoption. The design team is currently working on make sure we have a smooth UX in the TLC dApp. But we love community feedback and if there is anything else, please don't hesitate to let us know.
Patrick.WeTrust Thanks for chiming in @Yutai!
Anonymous When are you going to do anything besides amas?
George.WeTrust We have a diverse list of channels of communication available -- slack, telegram, bi-weekly updates, bi-weekly AMAs -- let us know if you all think there are any that we should drop and any we should be adding and we're all ears.
Jcga :) Despite hardwork are you guyz ready for the new NBA season via Golden State Warriors, I little feel you dont really care about NBA ;) Go WeTrust !
Patrick.WeTrust Golden State Warriors is our local team :)
Jeald Do you have a roadmap for 2018 available for general viewing? Patrick.WeTrust See answer below.
Boghiumd How i can get to your telegram channel? As i don’t see any links on your website
Patrick.WeTrust Telegram isn't as active yet. I recommend Slack/ Reddit/ Bitcointalk.
BalengiVision Can you send steph curry and kevin durant WeTrust gear when you release TLC?
patrick.WeTrust We can try. They would need to fill out the WeTrust Tshirt Request Form though :)
BalengiVision Lol cool. Do you mind if we tweet at them?
Patrick.WeTrust We can do that sure!
Anonymous Will you be providing a roadmap that covers some part of 2018? It helps investors understand the company's vision.
Patrick.WeTrust Yes, we are working on this and have had some internal discussions already. Our VP of Product, @tomd is working on this now and we will have a few iterations for internal discussions and debate before it is released to the general public.
BalengiVision Release timeframe?
Patrick.WeTrust I will follow up on Tom, and he shared with me a preliminary draft yesterday. We want to have something that is actionable and something we can hold ourselves accountable for. Thus, it will require some work internally before we can release something to the public. Rest assured, it is being worked on and each date is carefully thought about.
BalengiVision Totally understandable!
Patrick.WeTrust Thanks. Cheers, @BalengiVision - thanks for all your support and activity in our Slack.
Aakeelr 2) While planning the TLC has the team reached a point and zeroed on it where the TRST token should claim its value. How will TRST derive its value.
George.WeTrust We are building out a sequence of Financial dApps and will use a "Freemium" model. Essentially, there will be basic features that will be free for our users (e.g., TLCs charge no fees up to 10 users in the circle), but more premium services -- will require some TRST tokens to use (these are currently being planned, and will be included in the roadmap). The main goal is to drive user adoption first, and then monetization after there is a critical mass.
Secunoid What happens when somebody collects their payout and stops contributing after that?
Patrick.WeTrust To thwart bad actors, WeTrust will have four deterrents: 1. Reputation risk/ Reviews: ROSCA groups will be limited to "trusted associates" - family, friends, co-workers, fraternal groups, and professional/ religious organizations. Defaulting on payments could mean social shame and loss of reputation amongst an individual's closest associates. The idea is that for ROSCAs with small enough dollar amount commitments, reputation risk will be sufficient enough to keep participants honest. Reviews may also be left by other members to show how they felt about any participant. 2. Legal risk: ROSCA formation will allow trusted associates to e-sign and bind each other to a legal contract which requires faithful adherence and payment to the ROSCA. Defaulting on payments and stealing could mean legal repercussions. Legal recourse will only be used if individuals are participating in a "high-stakes" ROSCA and legal action would be worthwhile. I've spoken to our legal advisor and she believes it will be possible to create auto-populating templates that will be tailored to each person's ROSCA terms. 3. Collateral risk: Collateral commitments may be required prior to joining a ROSCA. The collateral will be entered into a smart contract which will surrender the property to the ROSCA group if the ROSCA agreement is breached. Collateral can be liquid-cash like assets like Bitcoin or even less liquid assets such as auto/ home titles. Our system will benefit significantly from the ability to accept less liquid assets, since the majority of middle classes’ net worth is locked in real estate. Collateral would allow capital to be used more efficiently. 4. Smart contract bounty (self-enforcement): If a ROSCA participant violates the terms of the ROSCA, the ROSCA group may start a “Bounty” on the retrieval of funds. If the funds are retrieved, the “Bounty” is paid out to the person who enforces the terms of the ROSCA. These deterrent options will be on an "opt-in" basis and participants will be able to choose the level of security they want.
Aakeelr 4) We saw the last update where product functionality has frozen and bugs are being fixed. When do we expect the alpha release precisely?
George.WeTrust We will have an update next week on the status -- we're working hard to hit the initial targets.
Boghiumd Is there a chance to have a discussion with Vitalik that he would somehow confirm directly may be via tweeter post that he actually is suporting this project?
George.WeTrust We met with VB during the early phases of the project, and soon after also brought on Bo Shen (VB's partner at FenBuShi Capital) as an early supporter and advisor. We have a number of advisors and they all provide some help in their own specific capacities. For example, Benedict Chan the Director of Engineering at BitGo is nearby and he often drops by, Emin Gun also checks up on us regularly. We engage with all of advisors as needed and ask them for help if it can materially help the progress of our development or user adoption. As such, we will consider reaching out to him when our product is ready for testing.
BalengiVision That'd be great. Then everyone won't think we have been making stuff up :) Not you guys, but we the people. I tell peeps Vitalik advises early in the project, and people say we are making things up.
Secunoid And how do you manage the risk of delinquent payments?
damo Hey @Secundoid this was answered in the last AMA. Lemme see if I can track it down real quick.
Patrick.WeTrust Here it is: To thwart bad actors, WeTrust will have four deterrents:
  1. Reputation risk/ Reviews: ROSCA groups will be limited to "trusted associates" - family, friends, co-workers, fraternal groups, and professional/ religious organizations. Defaulting on payments could mean social shame and loss of reputation amongst an individual's closest associates. The idea is that for ROSCAs with small enough dollar amount commitments, reputation risk will be sufficient enough to keep participants honest. Reviews may also be left by other members to show how they felt about any participant.
  2. Legal risk: ROSCA formation will allow trusted associates to e-sign and bind each other to a legal contract which requires faithful adherence and payment to the ROSCA. Defaulting on payments and stealing could mean legal repercussions. Legal recourse will only be used if individuals are participating in a "high-stakes" ROSCA and legal action would be worthwhile. I've spoken to our legal advisor and she believes it will be possible to create auto-populating templates that will be tailored to each person's ROSCA terms.
  3. Collateral risk: Collateral commitments may be required prior to joining a ROSCA. The collateral will be entered into a smart contract which will surrender the property to the ROSCA group if the ROSCA agreement is breached. Collateral can be liquid-cash like assets like Bitcoin or even less liquid assets such as auto/ home titles. Our system will benefit significantly from the ability to accept less liquid assets, since the majority of middle classes’ net worth is locked in real estate. Collateral would allow capital to be used more efficiently.
  4. Smart contract bounty (self-enforcement): If a ROSCA participant violates the terms of the ROSCA, the ROSCA group may start a “Bounty” on the retrieval of funds. If the funds are retrieved, the “Bounty” is paid out to the person who enforces the terms of the ROSCA. These deterrent options will be on an "opt-in" basis and participants will be able to choose the level of security they want.
Secundoid k
damo nice thanks @patrick.wetrust One of our community members had a really interesting idea about using a voluntary community pool as an opt-in insurance option that would pay a small percentage of the ROSCA pool to the community pool. An interesting "staking" option for TRST holders! We're looking to provide insurance products anyway right? ;)
Patrick.WeTrust Yes, we are as an evolution of the TLC. @damo
beef Majority of PPL here are selfish enough to admit that they want to see the TRST token become more and more valuable. I've read that it will be used for Premium features, but are there other use cases for the token itself? Does it power dApps in the environment? Can I supply X amount of TRST and use that to fund ROSCA circles?
Patrick.WeTrust That is correct. Another way to think of Trustcoin is that it is the gas that will power various interactions on our network. The current use case we have in mind are premium features (e.g. sort of like a redemption ticket), but please keep in mind that... the mission of WeTrust is to build movement toward financial inclusion/ empowerment and the token will be a core piece of that.
beef The more we are able to cycle TRST through the ecosystem the better. Thanks Patrick
Patrick.WeTrust That is correct. We will be keeping this in mind as we roll out our dApps and other initiatives. Cheers, @beef!
Boghiumd Binance has started to do monthly voting, can you submit a request to them so on next voting wetrust coin will participate as well?
Patrick.WeTrust Is this something the community can request?
Boghiumd @patrick.wetrust actually someone from the team have to submit a request, this is what i read on their website
Patrick.WeTrust Can you email me the link? [email protected]. I'll look into it.
Boghiumd @patrick.wetrust https://binance.zendesk.com/hc/zh-cn/requests/new I presume this one is
Dgut Trustcoin's success is glued to Wetrust. But Wetrust's success is glued to the success of humankind. Any application that simplifies and makes practical the use cryptocurrencies are not only necessary but crucial for the survival of the tech and ideology. Therefore @george.wetrust and @patrick.wetrust should care more about design. (y)
Patrick.WeTrust Thanks for all your feedback and involvement @dgut
Thomas Trustcoin's success is glued to Wetrust. how? i dont get it.. for me it looks like TenX.. they have a token but dont realy need one for the Company... same on Iconomi ... good Projects but they dont need realy a token... i dont get it on TRST ... for me it looks like you dont need realy a token to build this system.. Can you help me to understand this? I am wrong ?
Patrick.WeTrust Another way to think of Trustcoin is that it is the gas that will power various interactions on our network. The current use case we have in mind are premium features (e.g. sort of like a redemption ticket), but please keep in mind that... the mission of WeTrust is to build movement toward financial inclusion/ empowerment and the token will be a core piece of that.
Thomas hmm ok thx
BalengiVision Can you elaborate on the premium features?
Patrick.WeTrust Premium features: lending circles above a certain size (>10 individuals), reporting data to a Credit Agency, accessing a WeTrust ATM to redeem lending circle proceeds, etc... More features will come in due time as we continually iterate and learn from each version of our product.
BalengiVision So credit agencies will accept ROSCA data? Sounds intriguing though I've never heard of that before!
Amazongirl Have you spoken to Ripio (formerly BitPagos) yet about how they handle crypto-fiat exchange risk over a loan's lifetime? https://ripiocredit.network/#benchmarks * *George.WeTrust** We haven't, and will read into how they are able to do this. We are working on some ideas of our own which may bring about stability for users.
Aakeelr @george.wetrust @patrick.wetrust we have some good suggestions from @amazongirl. Would love you guys to actually take a view om that.
Patrick.WeTrust I will take a deeper dive into her suggestions and if I have any questions, will follow up with her.
Aakeelr Thanks for this. You will love her idea
Dgut @patrick.wetrust Are you familiar with https://klart.co/pixels ?
Patrick.WeTrust I am not, but these sites look beautiful.
Dgut Yeah, I hope you guys aim for something like that. It's not rocket surgery either :)
Secunoid Which country/area are you targeting when you go live first?
Patrick.WeTrust Local, immigrant communities within the Bay Area. (SF, CA)
Dgut Hopefully global. The nature of this whole environment and tech is global.
CowMooFlage It definitely is global but they want to be testing close to home.
Dgut It think westerns might be inclined to use the app if it's sufficiently well designed and works well.
damo @dgut see above. Aiming for local immigrant communities
CowMooFlage The biggest issue I see is Westerners not understanding it's purpose because it's not embedded in our culture.
damo Right For that i think there are other permutations of the platform that could take off quicker and be stickier to the global north.
Dgut that's the cool part, it's a completely new thing for them.
Patrick.WeTrust There are pockets of immigrants from Mexico, India, etc. that have used this in the past back home. In fact, my grandmother and father was part of a lending circle back home in Vietnam. We will go after this crowd and do a pilot test in these communities.
BalengiVision I think if the idea is explained well, westerners will love it. I never heard of it until I joined this group.
Dgut Exactly. The reason westerners don't use it is because they never heard of such a concept. When I heard of it I thought... why the f aren't we doing the same? I see it being used among students
Anonymous AmazonGirl from the Slack community as an advisor? She has freely been an amazing one. We need to keep this happening with fair compensation.
George.WeTrust We will reach out to her to gauge her interest -- I think generally we can continue improving our engagement with our community, and leveraging our supporters so we can move faster. We already have a good number of referrals for potential partners, potential pilot groups, folks who would like to work for us, etc... and please do keep them coming!
CowMooFlage George, Patrick, can Damo be listed on the site as a "community manager" or similar position? He's in this channel day in day out answering questions and we love him to bits. By far one of the best people you could ever have doing such a job; humble, cheerful and honest.
Patrick.WeTrust We can have this happen - wonder why this hasn't happened sooner!
CowMooFlage Awesome :) thanks Patrick :D
*Patrick.WeTrust * I will ping @damo for his blurb, picture and get that to @hoang.wetrust as soon as possible. Thanks!
CowMooFlage @damo pink wig? :thinking_face:
damo Lol i have waaay better pictures ready to go lol
damo Thanks for such kind words @cowmooflage! I’m seriously blushing over here.
Patrick.WeTrust Thanks! both of you :D Bradicle Yeaaaa agree. Damo has been the face for We Trust in this chat since day one for me. Answering all the hard hitting questions day in and out <3 :B
Anonymous When are you ditching slack? The phishing is out of control!
George.WeTrust We have been testing with Rocket Chat internally, and are currently working towards migration. We will have more information on the timing, next week, but we want this to be as soon as possible, in the balance of our product development focus.
CowMooFlage Can't wait to check out the new home.
Jcga That a pity, Slack is nice compared to the others. I do believe the myetherw... phishing mail notification have decreased, they "collect" nothing. Slack is beautifull with cool features that others dont. Anyway security is super important and with time we will get used to the new place :slightly_smiling_face:
CowMooFlage @jcga Slack is a decent platform but it lacks certain control features and flexibility that others have (e.g. the moderation tools were not made to support thousands of users).
Jcga Yes sure I understand the priorities.
BalengiVision I definitely see US college students being a great test group!
Patrick.WeTrust Yes! There are lots of community college, Stanford, Berkeley... all within 20-30 miles of our office.
BalengiVision Exactly. Remember, facebook started off with colleges...now look at it. Once they all graduated, they took the idea with them and BOOM!
CowMooFlage Plus, didn't you go there yourself @patrick.wetrust? You could have a professor introduce it to students even? They might be open to it as you're an ex-grad?
Patrick.WeTrust Yes, I went to UC Berkeley and @george.wetrust was at Stanford. @U2M8H6DUJ also went to Berkeley and @shinelay to Davis. Definitely will be rekindling some old connections with my old professors :)
CowMooFlage @patrick.wetrust It's always nice to come back with something to show off! :>
Dgut @BalengiVision absolutely ... there is no reason for this to be immigrant-communities only. WeTrust can become a lot stronger if adopted by those groups (students) ...
Kimutai @BalengiVision . Good idea In fact @patrick.wetrust . Students will show us all the flaws and a good number of unheard of issues. All their diversity of ideas is an untapped Gold mine.
CowMooFlage Students can be very bold and open about expressing their opinions. Might be a fun brain storm session.
Patrick.WeTrust As long as there is a good mix of supply and demand for credit - there is a potential opportunity there. An idea we have been bouncing around... if we could somehow match students (seeking credit) with alumni (that have the wherewithal to contribute to a loan), we could have a large user group here!
BalengiVision Interesting concept
Patrick.WeTrust yes, it is :slightly_smiling_face:
damo I like this. Another connect for Westerners is in auction ROSCAs where they intentionally take the money last as a way to earn a modest return providing capital to the developing world. I'll definitely be doing this.
Thanks to everyone for participating in this week's AMA.
submitted by CowPlaysDirty to WeTrustPlatform [link] [comments]

Shining some light on RCN's recent growth and it's future

Hi, I found a coin that not many people talk about here so I would like to get some thoughts. It's getting more exposure on 4chan but there has been maybe 2 threads about it here. Since the price increased of 30% today I felt that I should give some more information. This is a copy and paste of some information that is circulated around 4chan about this coin.
Market cap= 67 Million. What problem it solves: A global peer-to-peer credit network based on co-signed smart contracts. With RCN you aren't limited to just borrowing crypto (btc,eth etc) you can borrow any currency in the world. (USD,CAD,YEN) The RCN team has over 15 developers and genius advisors such as Sergio Lerner the cofounder of rootstock. Key investors= Bilionaire Tim Draper; The guy that found skype in 2005 and sold his share for 1 billion USD recently, the guy that bought 30,000 bitcoin from the us goverment during the silk road closure. Bilioniare Lu Guanqiu ceo of the company Fenbushi Capital;Once called “China’s Elon Musk” for buying out an American hybrid-electric car company, Lu Guanqiu is the founder of Wanxiang Group, one of China’s largest automotive parts manufacturers. ^ These guys do not fuck around google there history. This coin was added on bittrex A WEEK AFTER being released. Name one coin recently that was added to bitterx instnatly? This coin is serious... do you think these billionaires would invest in this coin if it wasn't going to literally 50x? Follow the smart money /biz/ It literally is around ICO price.
The ICO pre-sale had NO BONUSES. Do some googling please. But even if there were, what does Tim Draper have to gain from making 10% on 10 Million? When you're in the billions you're only concerned with making 100s of millions. Thats why they invest in ICO and HOLD. Maybe he'll dump some when its 3-400M market cap, probably not till its nearing a billion (est. Q1 2019) or more. In developing countries such as in South America, it has been reported that up to 65% of the population are Unbanked and may have no access to Credit Facilities through traditional banking. Ripio intends to solve these problem by providing these users with an alternative Credit Facility. The Ripio Credit Network works to connect borrowers, lenders, and other network agents all over the world, allowing each one of them to manage the credit in their local currencies, as long as they have Internet access.
In developing countries such as in South America, it has been reported that up to 65% of the population are Unbanked and may have no access to Credit Facilities through traditional banking. Ripio intends to solve these problem by providing these users with an alternative Credit Facility. The Ripio Credit Network works to connect borrowers, lenders, and other network agents all over the world, allowing each one of them to manage the credit in their local currencies, as long as they have Internet access.
How does it work?
The Network will consist of a Borrower, Lender, Wallet Provider, and Credit Exchange. All of which will be connected through a Smart Contract. The flow of money is as below:
Borrower <- Wallet Provider <- Smart Contract <- Credit Exchange <- Lender
To illustrate:
Let’s say Juan in Argentina wants to borrow $5,000. Lin, who is halfway around the world in Shanghai is willing to loan him the $5,000 + 10% Interest.
Once the terms are agreed, Lin sends the money through the Credit Exchange in Fiat. The Credit Exchange uses that Fiat to purchase RCN Tokens to send it over to Juan’s Wallet Provider through a Smart Contract. Juan receives the RCN Tokens and converts it back to Fiat.
When it is time to repay the loan, Juan returns $5,500 through the same Channel, by using RCN Tokens as a medium. The borrower receives Fiat after converting the RCN Tokens.
All loans work on a Fiat basis between borrower and lender, by simply using RCN Tokens as a medium of exchange.
What does this mean and how can we benefit from it? There are 2 main ways to benefit from the Ripio Credit Network ecosystem:
If you are a lender, you can lend in Fiat and earn interest in Fiat.
If you are a RCN token holder, you will become a liquidity provider to facilitate the P2P loans, and earn through the increase in value of RCN Tokens.
What value does the RCN token holders have and why should the price increase?
All RCN token holders will become liquidity providers. For any loan to go through, RCN tokens will need to be purchased from the Market to facilitate the transfers. The higher the number of transactions, the higher the demand for RCN, and thus the higher the Price of RCN tokens.
Investment Proposition
• The ONLY source of RCN Tokens at the moment are held by the public, as the Company’s tokens are locked for 1 year.
• Ripio has an actual working product with 100k users, all 100k of whom will be migrated to the RCN Exchange next week! - http://rcn.exchange/
• Ripio themselves will be the first big lender, which means that they will go to the market and acquire the RCN tokens, generating demand.
• As new credit exchanges and lenders join to the network there will be even more demand for the RCN token.
• Top A-grade institutional investor such as Pantera Capital, Fenbushi (Vitalik Buterin's Fund), Tim Draper, Digital Currency Group, Medici Ventures, Huiyin Blockchain Ventures has invested in the company
What exchanges have listed RCN?
• Bittrex (despite extremely strict with listing recently) • Binance • Huobi Pro • More to follow..
My personal opinion:
Being from a developing country myself, it is easy to underestimate the number of Unbanked people who have no access to Credit Facilities. Like it or not, Credit is an essential part of expansion and development in an Economy.
As for the Company, what makes Ripio stand out is the creation of a true Utility for their token, whereby all parties in the ecosystem are incentivized to use it and will benefit from it’s increase in Price.
As Vitalik Buterin would say, the Crypto-Economics of their Model is spot on.
This is my personal opinion. As always, do your own research and feel free to leave any comments or questions.
TLDR;
• RCN Tokens are used as “gas” to facilitate P2P loans
• RCN Tokens have to be bought from the open market
• Ripio themselves will act as lenders and purchase RCN Tokens from market
• RCN Exchange launching next week. 100k users migrating
• The higher the number of transactions, the higher the demand, the higher the price of RCN Tokens For an in-depth review, you can read their whitepaper, which is available at https://ripiocredit.network/
The market for alternate finance gained popularity in recent years. A finding by Transparency Market Research suggests that “the opportunity in the global peer-to-peer market will be worth $897.85 billion by the year 2024, from $26.16 billion in 2015. The market is anticipated to rise at a whopping CAGR [Compound Annual Growth Rate] of 48.2% between 2016 and 2024.”
While Research and Markets estimates the global P2P lending market to grow at a CAGR of 53.06% during the five year period between 2016 and 2020. Morgan Stanley in a report in 2015 predicted that such marketplace lending would command $150 billion to $490 billion globally by 2020.
http://www.nasdaq.com/article/the-rise-of-peertopeer-p2p-lending-cm685513
Ripio's value is not based on a coin gimmick, the tech behind RCN is nothing special. Ripio's value comes from the fact that it has proven people going into an industry that is sure to rise and they will start making money in the near future, not 2-3 years from now, but NEXT year. By april their roadmap will be complete.
So, what do you guys think?
submitted by strongandweak to CryptoCurrency [link] [comments]

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Binance Buying CoinMarketCap & Why It's Great for Bitcoin Price

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