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DigiFinex AMA Recap | TWISTER, Rebuilding the Value of Anonymous Privacy on TRON

September 1st, 2021

DigiFinex 19th AMA has just happened! This time we have hosted the AMA on our Telegram community. 

For this episode, we have invited Twister, an anonymous privacy project based on TRON chain with team members from Singapore, Thailand and Vietnam. Project leader of TWS, Perth Wong, has shared with us the latest news and updates. Read on our blog recap to learn more now!

 

# Guest of the night

Perth Wong, Project Leader of Twister is leading this amazing project. 

Twister team comes from financial start-ups in Singapore, Thailand, and Vietnam. The team has been recognized by leading local financial venture capitalists such as CrypToken and R3 Fund, and has completed the first phase of preparatory fund planning.

#Host of the night, Kiana Shek, DigiFinex CXO

Previously working for Baidu as Assistant General Manager, Kiana has had advanced education in the financial field, also obtaining a rich background in Big data, AI, international businesses. In 2017, she founded DigiFinex as a Co-Founder, and dedicated to provide a safer, convenient, transparent digital asset exchange platform for the people. She is also responsible for promoting brand values globally on behalf of DigiFinex, and actively takes part in various Blockchain summits around the world.

Below is a highlight of our Live Session.

 —–

 

Kiana: First of all, please introduce yourself and your team to our audience!

Perth:  Hi everyone! I am Perth Wong and I am the Project Leader of Twister.

Kiana: Please introduce Twister for the audience.

Perth: TWS was launched in 2021, committed to ensuring the security and privacy of users’ digital assets, and developing smart contracts on the TRON chain. Through “non-registered electronic certificate for an indefinite period “, ” non-interactive zero-knowledge proof (zk-SNARK)” and mixed data structures, the anonymity of promissory note holders, and the privacy of information transmission and data structure are safeguarded.

The members of TWS team are from financial start-ups of Singapore, Thailand, Vietnam, and other countries. The team has been recognized by well-known local financial venture capitalists such as CrypToken and R3 Fund, and has completed the first phase of preliminary fund planning.

#TWS’s business model and future

Kiana: As a well-known, private, secure and decentralized crypto receipt system on the TRON chain, what are the advantages of TWS compared to traditional projects that do not provide anonymous privacy functions?

Perth: At present, the mainstream blockchains use an open and transparent ledger, so any user can search for any address. It indicates a certain contradiction between the transparency of decentralization and the privacy in practice. In other words, in fact, the total amount and the connections of funds of each address can still be easily monitored if it’s intended. Therefore, the anonymous privacy function is essential. We can better protect the privacy of our assets by anonymous privacy.

At present, the most well-known anonymous privacy project in the DeFi market is Tellor, but whether it is Tellor or Bzk-snack, what can be achieved is only for user A, who enter a specified amount of funds which is packaged through mixed encryption and call back to the original wallet at the designated address, to earn anonymous privacy. The traditional track-covering method highlights the disadvantages of “traceability”. TWS cover its track by entering a specific amount of “10 USD”, “50 USD”r, “1000 USD”r, etc., to package each address. Even if it is a packet block, it is still impossible to read the specific amount, which highlights the significant difference between TWS and other anonymous privacy projects.

Kiana: Why do you issue your project based on the TRON chain? What is your view on the future of the TRON chain?

Perth:
The TRON public chain is regarded as one of the most secure public chain systems. At the same time, thanks to decent architecture design and programming skills, the operating efficiency and stability of the TRON public chain are among the best. USDT on TRON is more efficient and cheaper than Ethereum. As for issuance volume, USDT has become the second largest market. Its market value is even 2.6 times higher than that of TRX.

TRON is still one of the infrastructure public chains, which depend on whether Ethereum 2.0 is complete and whether 2.0, Layer, and EIP-1559 proposal are successful. Now Ethereum 2.0 has been online for a month, but it is appeared that Ethereum 2.0 can still not meet the original expectation. Besides, the handling fee is still high. Even if the economic rewards are reduced, TRX is still ranking as the top public chain procedure.

No matter 2.0 is successful or not, DOT, the “king of cross-chains”, has emerged. Compared with its underlying public chain infrastructure such as ADA, SOL, EOS, AVAX and TRX, the emerging of Polkadot turned out to be a concatenation of all high-speed tracks. Therefore, the role of the underlying public chain should reflect on its own technical advantages. However, the infrastructure is sure to own its greatest market advantage.

Kiana: We all know that Monero XMR is a very successful anonymous privacy project. What do you think are the advantages and disadvantages of TWS compared to XMR?

 

Perth: Compared with all anonymous privacy coins, the biggest advantage of TWS is that it can cover the tracks of large amounts of USDT and even other currencies in response to market demand. There is no limited to the tokens of the project itself, which greatly meets the market demand and reduces the risk of cashflow exposure caused by token swaps. Currently, the supported currencies include USDT, TRX, and TWS. More currencies can be added. Compared with Monero, more options are in place for TWS. As for the mining mode, there is no need for mining machines. It obtains TWS through issuing mining.

 

Compared with XMR, TWS utilizes the zk-snack hybrid encryption structure, which is no doubt to be the leading anonymous privacy project in the DeFi market. Due to the novelty of the product, the number of users is slightly smaller than that of XMR. However, even in the early stage of the growth of the number of users, one week after TWS launched the TRON mainnet, it still ranked among the top three in TRON Dapp traffic, and once ranked the throne of TRON Dapp consecutively. The total transaction volume exceeded 920 million TRX, which is equivalent to 80 million USD.

 

Kiana: Thank you very much for your insight. Now we have obtained the basic information of TWS. Next, let’s talk about the benefits and prospects of this project.

 

Kiana: Could you please give a brief introduction of the TWS business model?

 

Perth: We have issued a total of 21 million TWS, of which the TWISTER community retains 30%, and the TWS mining mechanism produces 70%. There is no pre-sale in any form. TWS adopts the same concept as Bitcoin. The issuance is halved once in a while which can ensure the time advantage of early investors and maintain the deflationary model. The TWISTER community keeps output synchronized with the mining mechanism, that is, the community and mining maintain a 3:7 ratio at any point in time to ensure the fairness and stability of the entire TWISTER community.

 

TWS is adjusted with reference to Bitcoin mining parameters. Four hours is regarded as a block. Each block is linked to a certain equity. Therefore, the mining (demand) cost can be linked to TWS, which is supported by a fixed price. Therefore, without any pre-mining mode, the price of TWS can be maintained at a certain amount after the launch and successfully ranks as the CoinMarketCap Top 200.

 

Kiana: Can you introduce the incentive model of TWS, such as its issuance and how to obtain it, and what value can I get if I hold TWS coins?

 

Perth: TWS adopts the issuing mining model, which is a behavioural incentive model. The TWISTER platform will charge an additional 0.2% handling fee for each issuing. Therefore, the more users operate, the more the platform benefits. Moreover, it will increase the complexity of the data structure. In order to incentivize users to issue tickets and offer TWS platform coins as user feedback, the mining mechanism is as follows:

 

(1) Block reward: Each “interval” is generated by every 4,500 TRON block heights which are seen as one settlement unit. It is distributed according to the proportion of the total amount of equity each user obtains during a period.

 

(2) Cycle halving: The output is halved every 5,184,000 TRON block heights, called a “period” (Period). Each cycle is estimated to be about 6 months. The first cycle produces 50% of TWS, while the second cycle yields 25%, and so on.

 

(3) Calculation of the total amount of equity: The calculation of the number of equity is based on the types of cryptocurrency. The number of equity is equal to denomination * weight * price. Within each interval, the proportion of user’s stakes that are obtained in this interval to the total stakes will be calculated. Currently, it supports three cryptocurrencies: USDT (TRC-20), TRX and TWS. Invoicing using TWS is not included in the calculation of equity.

 

TWS does not carry out any form of pre-sale, underwriting, or sales in the primary market. The value of TWS is based on the service of the decentralized crypto receipt system and the 0.2% handling fee each time. The price of TWS is completely determined by market. A total of 21,000,000 TWS are issued, in which 70% are generated by mining mechanism, and 30% are reserved for the community, of which 10% belongs to the original technical team, 10% is used for community promotion, 5% is used for marketing, and 5% is used for operation and maintenance.

 

Kiana: Do you have any plans and prospects for the next development stage of TWS?

 

Perth: We would like to hold this part until later, but it will definitely be related to the recent market focus such as NFT and Metaverse. TWS 2.0 plans to go live on the mainnet before Q4. It will also reveal the market benefits of TWS late-stage development in advance.

 

# Chit Chat

 

Kiana: I have a personal question, which is also the tradition of DigiFinex AMA. Can you share with us your personal investment experience in crypto assets?

 

Perth: Plan C is our strategic investment consultant. He currently serves as the chief analyst at BTCC and has been in the field of crypto for 6 years. Here we invite him to share his views on the market for us.

 

I will answer the question from three aspects: DeFi, NFT and Ethereum 2.0.

 

We are benchmarking the 2017 bull market. At that time, the ICO frenzy was set off. Just like this year’s DeFi, it is the market’s scoring criteria for the evaluation of a project organizer. It shows that DeFi is very important. My definition of Defi must fully cover the following six meanings, namely financial agreement, open-source license, no need of KYC, non-custodial service, audited code, and decentralized governance.

 

In view of this, although the overall market value of DeFi (as of 12/21) has reached 19 billion US dollars, the total project market value is only 12.1 billion US dollars regarding the definition and the average daily movement of project assets that exceeds 10,000 times. The overall market value of ICO once hit US$312.9 billion, and that of cryptocurrency once hit US$885.7 billion. Compared with this, the explosive growth of scale of DeFi is on its way.

 

If capitalism is built on creative subversion, then DeFi capitalism is the innovative subversion of conflicts of interest. The formation of a financial market has an economic cycle that constitutes its growth factors. You must contribute to a link in a certain process, and maintain the necessity of its establishment, compete on the track and siphon market users by issuing tokens, to become the market maker. The best example of this is Binance, which promotes the growth of its overall market.

 

The concept of NFT in the field of crypto assets is still in its early stage, and the scope is too large. From virtual game props and collectibles to real estate that can be lived in and valuable assets. The improvement of the trading platform infrastructure will be one of the tipping points for NFT. When the value of NFT additional commodities appears in the future, for example, NFT boutique industry, NFT real estate, NFT valuable traditional assets, NFT exchanges, etc., it will be the time when NFT can be compared with DeFi. Now is still too early.

 

Returning to Ethereum 2.0, the growth of DeFi users this year has forced a multiple increase in transaction demand. When congestion occurs, Gas costs are expensive and transaction timeliness is much reduced. Although there are many crypto asset services on Ethereum that are needed in the market, most of the blockchain services cannot be carried on the chain. Many terminal needs can only be combined on and off the chain. This is due to the insufficient network capacity of Ethereum which is awaiting to be resolved.

 

A very important link that constitutes a financial system is the flow of assets. In this year, the fiat, which is constantly used as the basis for pricing by the market, has undergone significant qualitative and quantitative changes.

 

Looking at the overall currency issuance benchmarks this year, it can be seen that the Federal Reserve, the European Central Bank, and Japan’s currency issuance have risen sharply this year. Among them, the Federal Reserve is the most obvious. The US dollar currency issuance increased at a nearly vertical slope in 2020. The interest rates of central banks in various countries are generally approaching zero. Many countries’ interest rates have even reduced to negative. The prices of mainstream fiat have depreciated by less than ten percentage points this year. The currency prices in some emerging countries have even depreciated by 20 to 30 percentage points.

 

The general loosening strategy is visible to the in the capital market. Since the dive in March this year, there has been a sharp V-line reversal. Bitcoin asset prices have performed the most well. Apart from the influx of retail funds, many legal persons, institutional investors bought Bitcoin through channels, topping the price of Bitcoin and continuing to push it to a new high in Bitcoin’s history. During the V-shaped rise of many assets in the general environment, it is clear that cryptocurrency is only one of the asset allocations, so as to avoid risks and keep depreciating fiats.

 

It should be noticed that asset classes are piled up by numbers. While a large amount of asset value flows out, which will eventually flow to other assets, it could cause the prices of other assets to rise. In the same way, the continuous issuance of one-thing assets causes inflation, which will eventually flow to other assets. Today’s additional issuance is based on fiats, which are constantly used as the basis for pricing by the market, creating a financial system in which asset prices are seriously deviated from their due value.

 

Kiana: Do you think anonymous private currency will face regulatory risks in the future? If so, in what way do you think it can be improved?

 

Perth: Anonymous private currencies such as XMR, ZEC and Dash have been suppressed by regulators in the past. These agencies believe that anonymous coins are difficult to track and may be used for terrorist financing or government sanctions. Some exchanges are also under pressure from supervision and choose to delist the anonymous coins. However, anonymous coins still have a large number of supporters in the cryptocurrency community. After all, privacy and security are what the market cares most about. If TWISTER encounters regulatory problems in the future, it will still prioritize legal compliance.

 

Kiana: Both BTC and ETH have experienced good growth recently. Do you think the bull market is coming?

 

Perth: The answer is yes. For this part, I will use “Cex, Coinbase and Bitcoin target expectations to make a close”.

 

BNB and FTT are still in the upper range of the gaining band, and these two are ultimately related to OTC due to the platform, and there is still a huge gap from the reasonable valuation.

 

In the past few months, DEX has achieved unprecedented success. Under the leadership of Uniswap, DEX trading volume soared to a record 442 billion U.S. dollars in March, and the total liquidity (also known as total value lock-in) on the DEX platform also reached a record high of nearly 100 billion U.S. dollars.

 

Among them, the overall crypto market was first led by centralized exchanges with a significant amount of traffic to Q2 of 2020, and then DeFi took over the overall situation. The traffic on the Dex chain was once ahead of Cex and lasted until Q1 of 2021. BTCC analysts counted to 4/12. Cex/Dex traffic is still in parallel. The explicit data only indicates the “reasonable valuation rewards” of the centralized exchange platform tokens. If compare with the leading platform token Dex, UNI, 1INCH, OGN, DODO, and SRM are leading. “Potential rewards” could be calculated.

 

The listing of Coinbase also has a major impact on the crypto market. Not only has its business scope diversified, but it has also established a benchmark for crypto exchanges, and after becoming a central federal direct system, it has become the industry’s leading benchmark. After being fined by the SEC, Q2 ushered in the first crypto exchange DPO, which will usher in very big news for the overall crypto ecosystem, indirectly indicating that the SCE and CTFC systems led by the United States recognize the legitimacy of cryptocurrencies and secretly admit users approved by Coinbase KYC to legally conduct cryptocurrency transactions, holdings, and use. Mainstream currencies are gaining momentum daily and will usher in a more substantial market with bullishness.

 

Waiting for the end of the correction period, BTC lower barrier target is at 117,279 USD.

 

Inventory is the base value obtained when we divide the total inventory by the annual production (flow). The current production efficiency is calculated by the years needed to produce the volume of the current inventory. For example, the production efficiency of gold is about 3,000 metric tons, and the current world inventory is 185,000 metric tons. If we put it in the S2F model formula (inventory / flow): 185,000 / 3,000 = ~ 62

 

With the current production efficiency, it will take 62 years to dig out all the gold that is currently circulating in the market. The higher the number is, the more scarce the table is. Applying the S2F model to Bitcoin and noting that there are about 18.68 million Bitcoins circulating on the market (04 / 24),  900 BTC (328,500 BTC / Year) are generated every day: 18,689,868 / 328,500 = 56.8945.

 

It means that we need 56 years to reach the current Bitcoin inventory. This number is much smaller than gold, but Bitcoin has a four-year half-life. When the next halving occurs, that is, in May 2024, Bitcoin will be produced at an efficiency of 450 BTC / PerDay and continue to half-life. Based on the valuation obtained from the third measurement model, the S2F model has set Bitcoin’s target price for this year to at least $120,426. It ushered in the third bull-bear conversion.

 

 The end of the rising wave in the BTC daily line, the target of the top end of the rising wave is 117,279 US dollars

 

The top target is accurately estimated through the previous two Fibonacci models. Assuming that the Fibonacci model is still regarded as an effective strategy, the cyclical end-rising slope is 1.618 to 2 times that of the main-rising slope. It can be roughly estimated that after the correction cycle is over, target levels are: 76,138 US dollars, 83,993 US dollars, 91,849 US dollars, 101,568 US dollars and the top target 117,279 US dollars.

 

Kiana: The last question, now that TWS has achieved such a huge success, do you have any ideas for new projects in the future?

 

Perth: The answer is yes, no matter where you are, the direction of your efforts is always the same.

 

Kiana: Please remember to continue to cooperate with DigiFinex at that time~

Kiana:  Thank you, Perth for your detailed introduction! 

 

Watch

Thank you Perth for joining at our AMA for an amazing sharing session! We’re very excited to see the upcoming developments of Twister! 

Trade $TWS now: TWS/USDT
Register as a new user on DigiFinex now: Click here 

We will see you at our next AMA! 

# About Twister

TWS is issued with a total of 21 million pieces, of which 30% are reserved by the TWISTER community and 70% are produced by the TWS mining mechanism, without any form of pre-sale. TWS uses the same concept as Bitcoin, where the issue volume is halved at regular intervals, thus ensuring a time advantage for early investors and maintaining a deflationary model. This means that the community and mining maintain a 3:7 ratio at any point in time to ensure fairness and stability for the entire TWISTER community.

TWS is adjusted according to Bitcoin mining parameters, with four hours being considered as one block, and one block being pegged to one equivalent equity, so the cost of mining (demand) can be pegged to the TWS supported by a certain price, which is why we have managed to maintain the TWS price at a certain amount after launch without any pre-mining model, and successfully captured the Coinmarketcap Top 200.

Keep updated for AMA Live: DigiFinex AMA Community  

 

September 1st, 2021

DigiFinex 19th AMA has just happened! This time we have hosted the AMA on our Telegram community. 

For this episode, we have invited Twister, an anonymous privacy project based on TRON chain with team members from Singapore, Thailand and Vietnam. Project leader of TWS, Perth Wong, has shared with us the latest news and updates. Read on our blog recap to learn more now!

 

# Guest of the night

Perth Wong, Project Leader of Twister is leading this amazing project. 

Twister team comes from financial start-ups in Singapore, Thailand, and Vietnam. The team has been recognized by leading local financial venture capitalists such as CrypToken and R3 Fund, and has completed the first phase of preparatory fund planning.

Host of the night, Kiana Shek, DigiFinex CXO

Previously working for Baidu as Assistant General Manager, Kiana has had advanced education in the financial field, also obtaining a rich background in Big data, AI, international businesses. In 2017, she founded DigiFinex as a Co-Founder, and dedicated to provide a safer, convenient, transparent digital asset exchange platform for the people. She is also responsible for promoting brand values globally on behalf of DigiFinex, and actively takes part in various Blockchain summits around the world.

Below is a highlight of our Live Session.

 

 

Kiana: First of all, please introduce yourself and your team to our audience!

Perth:  Hi everyone! I am Perth Wong and I am the Project Leader of Twister.

Kiana: Please introduce Twister for the audience.

Perth: TWS was launched in 2021, committed to ensuring the security and privacy of users’ digital assets, and developing smart contracts on the TRON chain. Through “non-registered electronic certificate for an indefinite period “, ” non-interactive zero-knowledge proof (zk-SNARK)” and mixed data structures, the anonymity of promissory note holders, and the privacy of information transmission and data structure are safeguarded.

The members of TWS team are from financial start-ups of Singapore, Thailand, Vietnam, and other countries. The team has been recognized by well-known local financial venture capitalists such as CrypToken and R3 Fund, and has completed the first phase of preliminary fund planning.

#TWS’s business model and future

Kiana: As a well-known, private, secure and decentralized crypto receipt system on the TRON chain, what are the advantages of TWS compared to traditional projects that do not provide anonymous privacy functions?

Perth: At present, the mainstream blockchains use an open and transparent ledger, so any user can search for any address. It indicates a certain contradiction between the transparency of decentralization and the privacy in practice. In other words, in fact, the total amount and the connections of funds of each address can still be easily monitored if it’s intended. Therefore, the anonymous privacy function is essential. We can better protect the privacy of our assets by anonymous privacy.

At present, the most well-known anonymous privacy project in the DeFi market is Tellor, but whether it is Tellor or Bzk-snack, what can be achieved is only for user A, who enter a specified amount of funds which is packaged through mixed encryption and call back to the original wallet at the designated address, to earn anonymous privacy. The traditional track-covering method highlights the disadvantages of “traceability”. TWS cover its track by entering a specific amount of “10 USD”, “50 USD”r, “1000 USD”r, etc., to package each address. Even if it is a packet block, it is still impossible to read the specific amount, which highlights the significant difference between TWS and other anonymous privacy projects.

Kiana: Why do you issue your project based on the TRON chain? What is your view on the future of the TRON chain?

Perth:
The TRON public chain is regarded as one of the most secure public chain systems. At the same time, thanks to decent architecture design and programming skills, the operating efficiency and stability of the TRON public chain are among the best. USDT on TRON is more efficient and cheaper than Ethereum. As for issuance volume, USDT has become the second largest market. Its market value is even 2.6 times higher than that of TRX.

TRON is still one of the infrastructure public chains, which depend on whether Ethereum 2.0 is complete and whether 2.0, Layer, and EIP-1559 proposal are successful. Now Ethereum 2.0 has been online for a month, but it is appeared that Ethereum 2.0 can still not meet the original expectation. Besides, the handling fee is still high. Even if the economic rewards are reduced, TRX is still ranking as the top public chain procedure.

No matter 2.0 is successful or not, DOT, the “king of cross-chains”, has emerged. Compared with its underlying public chain infrastructure such as ADA, SOL, EOS, AVAX and TRX, the emerging of Polkadot turned out to be a concatenation of all high-speed tracks. Therefore, the role of the underlying public chain should reflect on its own technical advantages. However, the infrastructure is sure to own its greatest market advantage.

Kiana: We all know that Monero XMR is a very successful anonymous privacy project. What do you think are the advantages and disadvantages of TWS compared to XMR?

 

Perth: Compared with all anonymous privacy coins, the biggest advantage of TWS is that it can cover the tracks of large amounts of USDT and even other currencies in response to market demand. There is no limited to the tokens of the project itself, which greatly meets the market demand and reduces the risk of cashflow exposure caused by token swaps. Currently, the supported currencies include USDT, TRX, and TWS. More currencies can be added. Compared with Monero, more options are in place for TWS. As for the mining mode, there is no need for mining machines. It obtains TWS through issuing mining.

 

Compared with XMR, TWS utilizes the zk-snack hybrid encryption structure, which is no doubt to be the leading anonymous privacy project in the DeFi market. Due to the novelty of the product, the number of users is slightly smaller than that of XMR. However, even in the early stage of the growth of the number of users, one week after TWS launched the TRON mainnet, it still ranked among the top three in TRON Dapp traffic, and once ranked the throne of TRON Dapp consecutively. The total transaction volume exceeded 920 million TRX, which is equivalent to 80 million USD.

 

Thank you very much for your insight. Now we have obtained the basic information of TWS. Next, let’s talk about the benefits and prospects of this project.

 

Kiana: Could you please give a brief introduction of the TWS business model?

 

Perth: We have issued a total of 21 million TWS, of which the TWISTER community retains 30%, and the TWS mining mechanism produces 70%. There is no pre-sale in any form. TWS adopts the same concept as Bitcoin. The issuance is halved once in a while which can ensure the time advantage of early investors and maintain the deflationary model. The TWISTER community keeps output synchronized with the mining mechanism, that is, the community and mining maintain a 3:7 ratio at any point in time to ensure the fairness and stability of the entire TWISTER community.

 

TWS is adjusted with reference to Bitcoin mining parameters. Four hours is regarded as a block. Each block is linked to a certain equity. Therefore, the mining (demand) cost can be linked to TWS, which is supported by a fixed price. Therefore, without any pre-mining mode, the price of TWS can be maintained at a certain amount after the launch and successfully ranks as the CoinMarketCap Top 200.

 

Kiana: Can you introduce the incentive model of TWS, such as its issuance and how to obtain it, and what value can I get if I hold TWS coins?

 

Perth: TWS adopts the issuing mining model, which is a behavioural incentive model. The TWISTER platform will charge an additional 0.2% handling fee for each issuing. Therefore, the more users operate, the more the platform benefits. Moreover, it will increase the complexity of the data structure. In order to incentivize users to issue tickets and offer TWS platform coins as user feedback, the mining mechanism is as follows:

 

(1) Block reward: Each “interval” is generated by every 4,500 TRON block heights which are seen as one settlement unit. It is distributed according to the proportion of the total amount of equity each user obtains during a period.

 

(2) Cycle halving: The output is halved every 5,184,000 TRON block heights, called a “period” (Period). Each cycle is estimated to be about 6 months. The first cycle produces 50% of TWS, while the second cycle yields 25%, and so on.

 

(3) Calculation of the total amount of equity: The calculation of the number of equity is based on the types of cryptocurrency. The number of equity is equal to denomination * weight * price. Within each interval, the proportion of user’s stakes that are obtained in this interval to the total stakes will be calculated. Currently, it supports three cryptocurrencies: USDT (TRC-20), TRX and TWS. Invoicing using TWS is not included in the calculation of equity.

 

TWS does not carry out any form of pre-sale, underwriting, or sales in the primary market. The value of TWS is based on the service of the decentralized crypto receipt system and the 0.2% handling fee each time. The price of TWS is completely determined by market. A total of 21,000,000 TWS are issued, in which 70% are generated by mining mechanism, and 30% are reserved for the community, of which 10% belongs to the original technical team, 10% is used for community promotion, 5% is used for marketing, and 5% is used for operation and maintenance.

 

Kiana: Do you have any plans and prospects for the next development stage of TWS?

 

Perth: We would like to hold this part until later, but it will definitely be related to the recent market focus such as NFT and Metaverse. TWS 2.0 plans to go live on the mainnet before Q4. It will also reveal the market benefits of TWS late-stage development in advance.

 

# Chit Chat

 

Kiana: I have a personal question, which is also the tradition of DigiFinex AMA. Can you share with us your personal investment experience in crypto assets?

 

Perth: Plan C is our strategic investment consultant. He currently serves as the chief analyst at BTCC and has been in the field of crypto for 6 years. Here we invite him to share his views on the market for us.

 

I will answer the question from three aspects: DeFi, NFT and Ethereum 2.0.

 

We are benchmarking the 2017 bull market. At that time, the ICO frenzy was set off. Just like this year’s DeFi, it is the market’s scoring criteria for the evaluation of a project organizer. It shows that DeFi is very important. My definition of Defi must fully cover the following six meanings, namely financial agreement, open-source license, no need of KYC, non-custodial service, audited code, and decentralized governance.

 

In view of this, although the overall market value of DeFi (as of 12/21) has reached 19 billion US dollars, the total project market value is only 12.1 billion US dollars regarding the definition and the average daily movement of project assets that exceeds 10,000 times. The overall market value of ICO once hit US$312.9 billion, and that of cryptocurrency once hit US$885.7 billion. Compared with this, the explosive growth of scale of DeFi is on its way.

 

If capitalism is built on creative subversion, then DeFi capitalism is the innovative subversion of conflicts of interest. The formation of a financial market has an economic cycle that constitutes its growth factors. You must contribute to a link in a certain process, and maintain the necessity of its establishment, compete on the track and siphon market users by issuing tokens, to become the market maker. The best example of this is Binance, which promotes the growth of its overall market.

 

The concept of NFT in the field of crypto assets is still in its early stage, and the scope is too large. From virtual game props and collectibles to real estate that can be lived in and valuable assets. The improvement of the trading platform infrastructure will be one of the tipping points for NFT. When the value of NFT additional commodities appears in the future, for example, NFT boutique industry, NFT real estate, NFT valuable traditional assets, NFT exchanges, etc., it will be the time when NFT can be compared with DeFi. Now is still too early.

 

Returning to Ethereum 2.0, the growth of DeFi users this year has forced a multiple increase in transaction demand. When congestion occurs, Gas costs are expensive and transaction timeliness is much reduced. Although there are many crypto asset services on Ethereum that are needed in the market, most of the blockchain services cannot be carried on the chain. Many terminal needs can only be combined on and off the chain. This is due to the insufficient network capacity of Ethereum which is awaiting to be resolved.

 

A very important link that constitutes a financial system is the flow of assets. In this year, the fiat, which is constantly used as the basis for pricing by the market, has undergone significant qualitative and quantitative changes.

 

Looking at the overall currency issuance benchmarks this year, it can be seen that the Federal Reserve, the European Central Bank, and Japan’s currency issuance have risen sharply this year. Among them, the Federal Reserve is the most obvious. The US dollar currency issuance increased at a nearly vertical slope in 2020. The interest rates of central banks in various countries are generally approaching zero. Many countries’ interest rates have even reduced to negative. The prices of mainstream fiat have depreciated by less than ten percentage points this year. The currency prices in some emerging countries have even depreciated by 20 to 30 percentage points.

 

The general loosening strategy is visible to the in the capital market. Since the dive in March this year, there has been a sharp V-line reversal. Bitcoin asset prices have performed the most well. Apart from the influx of retail funds, many legal persons, institutional investors bought Bitcoin through channels, topping the price of Bitcoin and continuing to push it to a new high in Bitcoin’s history. During the V-shaped rise of many assets in the general environment, it is clear that cryptocurrency is only one of the asset allocations, so as to avoid risks and keep depreciating fiats.

 

It should be noticed that asset classes are piled up by numbers. While a large amount of asset value flows out, which will eventually flow to other assets, it could cause the prices of other assets to rise. In the same way, the continuous issuance of one-thing assets causes inflation, which will eventually flow to other assets. Today’s additional issuance is based on fiats, which are constantly used as the basis for pricing by the market, creating a financial system in which asset prices are seriously deviated from their due value.

 

Kiana: Do you think anonymous private currency will face regulatory risks in the future? If so, in what way do you think it can be improved?

 

Perth: Anonymous private currencies such as XMR, ZEC and Dash have been suppressed by regulators in the past. These agencies believe that anonymous coins are difficult to track and may be used for terrorist financing or government sanctions. Some exchanges are also under pressure from supervision and choose to delist the anonymous coins. However, anonymous coins still have a large number of supporters in the cryptocurrency community. After all, privacy and security are what the market cares most about. If TWISTER encounters regulatory problems in the future, it will still prioritize legal compliance.

 

Kiana: Both BTC and ETH have experienced good growth recently. Do you think the bull market is coming?

 

Perth: The answer is yes. For this part, I will use “Cex, Coinbase and Bitcoin target expectations to make a close”.

 

BNB and FTT are still in the upper range of the gaining band, and these two are ultimately related to OTC due to the platform, and there is still a huge gap from the reasonable valuation.

 

In the past few months, DEX has achieved unprecedented success. Under the leadership of Uniswap, DEX trading volume soared to a record 442 billion U.S. dollars in March, and the total liquidity (also known as total value lock-in) on the DEX platform also reached a record high of nearly 100 billion U.S. dollars.

 

Among them, the overall crypto market was first led by centralized exchanges with a significant amount of traffic to Q2 of 2020, and then DeFi took over the overall situation. The traffic on the Dex chain was once ahead of Cex and lasted until Q1 of 2021. BTCC analysts counted to 4/12. Cex/Dex traffic is still in parallel. The explicit data only indicates the “reasonable valuation rewards” of the centralized exchange platform tokens. If compare with the leading platform token Dex, UNI, 1INCH, OGN, DODO, and SRM are leading. “Potential rewards” could be calculated.

 

The listing of Coinbase also has a major impact on the crypto market. Not only has its business scope diversified, but it has also established a benchmark for crypto exchanges, and after becoming a central federal direct system, it has become the industry’s leading benchmark. After being fined by the SEC, Q2 ushered in the first crypto exchange DPO, which will usher in very big news for the overall crypto ecosystem, indirectly indicating that the SCE and CTFC systems led by the United States recognize the legitimacy of cryptocurrencies and secretly admit users approved by Coinbase KYC to legally conduct cryptocurrency transactions, holdings, and use. Mainstream currencies are gaining momentum daily and will usher in a more substantial market with bullishness.

 

Waiting for the end of the correction period, BTC lower barrier target is at 117,279 USD.

 

Inventory is the base value obtained when we divide the total inventory by the annual production (flow). The current production efficiency is calculated by the years needed to produce the volume of the current inventory. For example, the production efficiency of gold is about 3,000 metric tons, and the current world inventory is 185,000 metric tons. If we put it in the S2F model formula (inventory / flow): 185,000 / 3,000 = ~ 62

 

With the current production efficiency, it will take 62 years to dig out all the gold that is currently circulating in the market. The higher the number is, the more scarce the table is. Applying the S2F model to Bitcoin and noting that there are about 18.68 million Bitcoins circulating on the market (04 / 24),  900 BTC (328,500 BTC / Year) are generated every day: 18,689,868 / 328,500 = 56.8945.

 

It means that we need 56 years to reach the current Bitcoin inventory. This number is much smaller than gold, but Bitcoin has a four-year half-life. When the next halving occurs, that is, in May 2024, Bitcoin will be produced at an efficiency of 450 BTC / PerDay and continue to half-life. Based on the valuation obtained from the third measurement model, the S2F model has set Bitcoin’s target price for this year to at least $120,426. It ushered in the third bull-bear conversion.

 

 The end of the rising wave in the BTC daily line, the target of the top end of the rising wave is 117,279 US dollars

 

The top target is accurately estimated through the previous two Fibonacci models. Assuming that the Fibonacci model is still regarded as an effective strategy, the cyclical end-rising slope is 1.618 to 2 times that of the main-rising slope. It can be roughly estimated that after the correction cycle is over, target levels are: 76,138 US dollars, 83,993 US dollars, 91,849 US dollars, 101,568 US dollars and the top target 117,279 US dollars.

 

Kiana: The last question, now that TWS has achieved such a huge success, do you have any ideas for new projects in the future?

 

Perth: The answer is yes, no matter where you are, the direction of your efforts is always the same.

 

Kiana: Please remember to continue to cooperate with DigiFinex at that time~

Kiana:  Thank you, Perth for your detailed introduction! 

 

 

Watch

Thank you Perth for joining at our AMA for an amazing sharing session! We’re very excited to see the upcoming developments of Twister! 

Trade $TWS now: TWS/USDT
Register as a new user on DigiFinex now: Click here 

We will see you at our next AMA! 

# About Twister

TWS is issued with a total of 21 million pieces, of which 30% are reserved by the TWISTER community and 70% are produced by the TWS mining mechanism, without any form of pre-sale. TWS uses the same concept as Bitcoin, where the issue volume is halved at regular intervals, thus ensuring a time advantage for early investors and maintaining a deflationary model. This means that the community and mining maintain a 3:7 ratio at any point in time to ensure fairness and stability for the entire TWISTER community.

TWS is adjusted according to Bitcoin mining parameters, with four hours being considered as one block, and one block being pegged to one equivalent equity, so the cost of mining (demand) can be pegged to the TWS supported by a certain price, which is why we have managed to maintain the TWS price at a certain amount after launch without any pre-mining model, and successfully captured the Coinmarketcap Top 200.

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