Binary Option Definition and Example - Investopedia

The Beginner's Guide to SPACs

What are SPACs?
A special purpose acquisition company (SPAC) is a company formed solely to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company. SPACs are also called “blank check companies” because they IPO without having any actual business operations.
SPACs are generally formed by investors, or sponsors, with expertise in a particular business sector, with the intention of pursuing deals in that area. The founders generally have at least one acquisition target in mind, but they don't identify that target to avoid extensive disclosures during the IPO process.
A SPAC generally has two years to complete a deal (by a “reverse merger”) or face liquidation. Companies aiming to go public with this route are typically 1x-5x larger in terms of market cap than the SPAC itself.
The SPAC Process
The money SPACs raise in an IPO is placed in an interest-bearing trust account. These funds can’t be used except to complete an acquisition or to return the money to investors if the SPAC is liquidated.
So, in practice, these companies will typically have a $10 floor on their share price, as that is what must be paid out to holders of shares if the company does not successfully reach a deal. If the deal is not completed in time, the warrants expire worthless and the remaining funds are distributed back to the shareholders.
After a SPAC has completed an acquisition the SPAC then trades as any other company listed on an exchange. If you came across a SPAC stock several years after the acquisition, you would likely have no idea it ever started as a SPAC unless you did some research into the company’s history.
Finally, the SPAC symbol and name will change to reflect the company that has been purchased. Often the SPAC takes on the name of the new company, but that is not always the case. If you own either common shares or warrants in your brokerage account, those shares will automatically be converted to the new name/symbol.
The SPAC is Back
SPACs were popular before the financial crisis, but use of SPACs declined following the market meltdown.
Recently, though, an excess of capital has led investors to seek out merger and acquisition opportunities more aggressively, and that's led to the return of SPACs.
More SPACs went public in 2018 than in any year since 2007, raising more than $10 billion in capital for use in searching for investment opportunities. In 2019, the figure was even higher $13.6 billion —more than four times the $3.2 billion they raised in 2016.
SPACs have also now also attracted big-name underwriters such as Goldman Sachs, Credit Suisse, and Deutsche Bank, as well as retired or semi-retired senior executives looking for a shorter-term opportunity.
Through May 2020, $9.8 billion has been raised in 21 SPAC IPOs.
Recent High Profile SPACs
Example 1: SPCE. Before it was Virgin Galactic, it was a SPAC trading under the ticker IPOA. Social Capital Hedosophia raised over $650 million in 2017.
Example 2: DKNG. Before it was Draft Kings, it was Diamond Eagle Acquisition Corp. The SPAC originally raised $350 million in May 2019, listing its units under the symbol DEACU, which comprised common shares and 1/3 warrants. When the investors approved the merger, the SPAC's common shares traded at $17.53, a 75% return from the $10 offer price.
Example 3: NKLA. Before it was Tesla-killer Nikola, it was VTIQ. VectoIQ Acquisition raised $200 million in a May 2018 IPO. In March 2020, the SPAC agreed to merge with Nikola Corp at an implied enterprise value of about $3.3 billion. The rest is history.
Units, Shares and Warrants
Units
When the IPO occurs, a SPAC generally offers Units – generally at $10 per Unit. These Units are comprised of one share of common stock (Share) and a Warrant (or portion of a warrant) to purchase common stock (generally exercisable at $11.50).
Depending on size, prominence/track record of sponsors, and investment bank leading IPO, Units may consist of one Share of common stock plus one full Warrant, ½ of one warrant or ⅓ of one warrant.
Shortly after the IPO, the common stock (Shares) and Warrants included in SPAC Units become separable. At that point, the Warrants and Shares trade separately alongside the unseparated Units.
Shares
SPAC common stock is linked to the SPAC’s secure trust account. SPACs are structured such that the trust account contains at least $10.00 per public share.
Liquidity may be limited in the open market for Shares but the defined liquidation term of SPAC common equity can provide for a relatively attractive yield with an option to own a SPAC's future acquisition target.
If the SPAC fails to complete a business combination in the required timeframe, all public shares are redeemed for a pro rata portion of the cash held in the trust account.
Companies will typically have a $10 floor on their share price, as that is what must be paid out to holders of shares if the company does not successfully reach a deal.
Warrants
A warrant is like an option but traded like a stock. Warrants provide the owner the right (but not the obligation) to purchase one share of the underlying company at a predetermined price per warrant – typically at $11.50.
Almost all SPAC Warrants have a five-year term after any merger has been consummated. However, SPAC warrants, expire worthless if the SPAC can't close a business combination, are thus a binary bet on a five-year warrant on a hypothetical future company.
Warrants become exercisable only if the SPAC completes a business combination transaction before the specified outside date.
The speculative nature of this Warrants tends to lead to wild price swings.
SPAC Tickers
SPAC Shares typically trade with a four-character ticker – eg. MNCL
The SPAC Units are identified as the Share ticker plus “U” at the end – eg MNCLU
Finally, the Warrants are the Share ticker plus “W” at the end – eg MNCLW.
submitted by SPACvet to SPACs [link] [comments]

Everything You Always Wanted To Know About Swaps* (*But Were Afraid To Ask)

Hello, dummies
It's your old pal, Fuzzy.
As I'm sure you've all noticed, a lot of the stuff that gets posted here is - to put it delicately - fucking ridiculous. More backwards-ass shit gets posted to wallstreetbets than you'd see on a Westboro Baptist community message board. I mean, I had a look at the daily thread yesterday and..... yeesh. I know, I know. We all make like the divine Laura Dern circa 1992 on the daily and stick our hands deep into this steaming heap of shit to find the nuggets of valuable and/or hilarious information within (thanks for reading, BTW). I agree. I love it just the way it is too. That's what makes WSB great.
What I'm getting at is that a lot of the stuff that gets posted here - notwithstanding it being funny or interesting - is just... wrong. Like, fucking your cousin wrong. And to be clear, I mean the fucking your *first* cousin kinda wrong, before my Southerners in the back get all het up (simmer down, Billy Ray - I know Mabel's twice removed on your grand-sister's side). Truly, I try to let it slide. I do my bit to try and put you on the right path. Most of the time, I sleep easy no matter how badly I've seen someone explain what a bank liquidity crisis is. But out of all of those tens of thousands of misguided, autistic attempts at understanding the world of high finance, one thing gets so consistently - so *emphatically* - fucked up and misunderstood by you retards that last night I felt obligated at the end of a long work day to pull together this edition of Finance with Fuzzy just for you. It's so serious I'm not even going to make a u/pokimane gag. Have you guessed what it is yet? Here's a clue. It's in the title of the post.
That's right, friends. Today in the neighborhood we're going to talk all about hedging in financial markets - spots, swaps, collars, forwards, CDS, synthetic CDOs, all that fun shit. Don't worry; I'm going to explain what all the scary words mean and how they impact your OTM RH positions along the way.
We're going to break it down like this. (1) "What's a hedge, Fuzzy?" (2) Common Hedging Strategies and (3) All About ISDAs and Credit Default Swaps.
Before we begin. For the nerds and JV traders in the back (and anyone else who needs to hear this up front) - I am simplifying these descriptions for the purposes of this post. I am also obviously not going to try and cover every exotic form of hedge under the sun or give a detailed summation of what caused the financial crisis. If you are interested in something specific ask a question, but don't try and impress me with your Investopedia skills or technical points I didn't cover; I will just be forced to flex my years of IRL experience on you in the comments and you'll look like a big dummy.
TL;DR? Fuck you. There is no TL;DR. You've come this far already. What's a few more paragraphs? Put down the Cheetos and try to concentrate for the next 5-7 minutes. You'll learn something, and I promise I'll be gentle.
Ready? Let's get started.
1. The Tao of Risk: Hedging as a Way of Life
The simplest way to characterize what a hedge 'is' is to imagine every action having a binary outcome. One is bad, one is good. Red lines, green lines; uppie, downie. With me so far? Good. A 'hedge' is simply the employment of a strategy to mitigate the effect of your action having the wrong binary outcome. You wanted X, but you got Z! Frowny face. A hedge strategy introduces a third outcome. If you hedged against the possibility of Z happening, then you can wind up with Y instead. Not as good as X, but not as bad as Z. The technical definition I like to give my idiot juniors is as follows:
Utilization of a defensive strategy to mitigate risk, at a fraction of the cost to capital of the risk itself.
Congratulations. You just finished Hedging 101. "But Fuzzy, that's easy! I just sold a naked call against my 95% OTM put! I'm adequately hedged!". Spoiler alert: you're not (although good work on executing a collar, which I describe below). What I'm talking about here is what would be referred to as a 'perfect hedge'; a binary outcome where downside is totally mitigated by a risk management strategy. That's not how it works IRL. Pay attention; this is the tricky part.
You can't take a single position and conclude that you're adequately hedged because risks are fluid, not static. So you need to constantly adjust your position in order to maximize the value of the hedge and insure your position. You also need to consider exposure to more than one category of risk. There are micro (specific exposure) risks, and macro (trend exposure) risks, and both need to factor into the hedge calculus.
That's why, in the real world, the value of hedging depends entirely on the design of the hedging strategy itself. Here, when we say "value" of the hedge, we're not talking about cash money - we're talking about the intrinsic value of the hedge relative to the the risk profile of your underlying exposure. To achieve this, people hedge dynamically. In wallstreetbets terms, this means that as the value of your position changes, you need to change your hedges too. The idea is to efficiently and continuously distribute and rebalance risk across different states and periods, taking value from states in which the marginal cost of the hedge is low and putting it back into states where marginal cost of the hedge is high, until the shadow value of your underlying exposure is equalized across your positions. The punchline, I guess, is that one static position is a hedge in the same way that the finger paintings you make for your wife's boyfriend are art - it's technically correct, but you're only playing yourself by believing it.
Anyway. Obviously doing this as a small potatoes trader is hard but it's worth taking into account. Enough basic shit. So how does this work in markets?
2. A Hedging Taxonomy
The best place to start here is a practical question. What does a business need to hedge against? Think about the specific risk that an individual business faces. These are legion, so I'm just going to list a few of the key ones that apply to most corporates. (1) You have commodity risk for the shit you buy or the shit you use. (2) You have currency risk for the money you borrow. (3) You have rate risk on the debt you carry. (4) You have offtake risk for the shit you sell. Complicated, right? To help address the many and varied ways that shit can go wrong in a sophisticated market, smart operators like yours truly have devised a whole bundle of different instruments which can help you manage the risk. I might write about some of the more complicated ones in a later post if people are interested (CDO/CLOs, strip/stack hedges and bond swaps with option toggles come to mind) but let's stick to the basics for now.
(i) Swaps
A swap is one of the most common forms of hedge instrument, and they're used by pretty much everyone that can afford them. The language is complicated but the concept isn't, so pay attention and you'll be fine. This is the most important part of this section so it'll be the longest one.
Swaps are derivative contracts with two counterparties (before you ask, you can't trade 'em on an exchange - they're OTC instruments only). They're used to exchange one cash flow for another cash flow of equal expected value; doing this allows you to take speculative positions on certain financial prices or to alter the cash flows of existing assets or liabilities within a business. "Wait, Fuzz; slow down! What do you mean sets of cash flows?". Fear not, little autist. Ol' Fuzz has you covered.
The cash flows I'm talking about are referred to in swap-land as 'legs'. One leg is fixed - a set payment that's the same every time it gets paid - and the other is variable - it fluctuates (typically indexed off the price of the underlying risk that you are speculating on / protecting against). You set it up at the start so that they're notionally equal and the two legs net off; so at open, the swap is a zero NPV instrument. Here's where the fun starts. If the price that you based the variable leg of the swap on changes, the value of the swap will shift; the party on the wrong side of the move ponies up via the variable payment. It's a zero sum game.
I'll give you an example using the most vanilla swap around; an interest rate trade. Here's how it works. You borrow money from a bank, and they charge you a rate of interest. You lock the rate up front, because you're smart like that. But then - quelle surprise! - the rate gets better after you borrow. Now you're bagholding to the tune of, I don't know, 5 bps. Doesn't sound like much but on a billion dollar loan that's a lot of money (a classic example of the kind of 'small, deep hole' that's terrible for profits). Now, if you had a swap contract on the rate before you entered the trade, you're set; if the rate goes down, you get a payment under the swap. If it goes up, whatever payment you're making to the bank is netted off by the fact that you're borrowing at a sub-market rate. Win-win! Or, at least, Lose Less / Lose Less. That's the name of the game in hedging.
There are many different kinds of swaps, some of which are pretty exotic; but they're all different variations on the same theme. If your business has exposure to something which fluctuates in price, you trade swaps to hedge against the fluctuation. The valuation of swaps is also super interesting but I guarantee you that 99% of you won't understand it so I'm not going to try and explain it here although I encourage you to google it if you're interested.
Because they're OTC, none of them are filed publicly. Someeeeeetimes you see an ISDA (dsicussed below) but the confirms themselves (the individual swaps) are not filed. You can usually read about the hedging strategy in a 10-K, though. For what it's worth, most modern credit agreements ban speculative hedging. Top tip: This is occasionally something worth checking in credit agreements when you invest in businesses that are debt issuers - being able to do this increases the risk profile significantly and is particularly important in times of economic volatility (ctrl+f "non-speculative" in the credit agreement to be sure).
(ii) Forwards
A forward is a contract made today for the future delivery of an asset at a pre-agreed price. That's it. "But Fuzzy! That sounds just like a futures contract!". I know. Confusing, right? Just like a futures trade, forwards are generally used in commodity or forex land to protect against price fluctuations. The differences between forwards and futures are small but significant. I'm not going to go into super boring detail because I don't think many of you are commodities traders but it is still an important thing to understand even if you're just an RH jockey, so stick with me.
Just like swaps, forwards are OTC contracts - they're not publicly traded. This is distinct from futures, which are traded on exchanges (see The Ballad Of Big Dick Vick for some more color on this). In a forward, no money changes hands until the maturity date of the contract when delivery and receipt are carried out; price and quantity are locked in from day 1. As you now know having read about BDV, futures are marked to market daily, and normally people close them out with synthetic settlement using an inverse position. They're also liquid, and that makes them easier to unwind or close out in case shit goes sideways.
People use forwards when they absolutely have to get rid of the thing they made (or take delivery of the thing they need). If you're a miner, or a farmer, you use this shit to make sure that at the end of the production cycle, you can get rid of the shit you made (and you won't get fucked by someone taking cash settlement over delivery). If you're a buyer, you use them to guarantee that you'll get whatever the shit is that you'll need at a price agreed in advance. Because they're OTC, you can also exactly tailor them to the requirements of your particular circumstances.
These contracts are incredibly byzantine (and there are even crazier synthetic forwards you can see in money markets for the true degenerate fund managers). In my experience, only Texan oilfield magnates, commodities traders, and the weirdo forex crowd fuck with them. I (i) do not own a 10 gallon hat or a novelty size belt buckle (ii) do not wake up in the middle of the night freaking out about the price of pork fat and (iii) love greenbacks too much to care about other countries' monopoly money, so I don't fuck with them.
(iii) Collars
No, not the kind your wife is encouraging you to wear try out to 'spice things up' in the bedroom during quarantine. Collars are actually the hedging strategy most applicable to WSB. Collars deal with options! Hooray!
To execute a basic collar (also called a wrapper by tea-drinking Brits and people from the Antipodes), you buy an out of the money put while simultaneously writing a covered call on the same equity. The put protects your position against price drops and writing the call produces income that offsets the put premium. Doing this limits your tendies (you can only profit up to the strike price of the call) but also writes down your risk. If you screen large volume trades with a VOL/OI of more than 3 or 4x (and they're not bullshit biotech stocks), you can sometimes see these being constructed in real time as hedge funds protect themselves on their shorts.
(3) All About ISDAs, CDS and Synthetic CDOs
You may have heard about the mythical ISDA. Much like an indenture (discussed in my post on $F), it's a magic legal machine that lets you build swaps via trade confirms with a willing counterparty. They are very complicated legal documents and you need to be a true expert to fuck with them. Fortunately, I am, so I do. They're made of two parts; a Master (which is a form agreement that's always the same) and a Schedule (which amends the Master to include your specific terms). They are also the engine behind just about every major credit crunch of the last 10+ years.
First - a brief explainer. An ISDA is a not in and of itself a hedge - it's an umbrella contract that governs the terms of your swaps, which you use to construct your hedge position. You can trade commodities, forex, rates, whatever, all under the same ISDA.
Let me explain. Remember when we talked about swaps? Right. So. You can trade swaps on just about anything. In the late 90s and early 2000s, people had the smart idea of using other people's debt and or credit ratings as the variable leg of swap documentation. These are called credit default swaps. I was actually starting out at a bank during this time and, I gotta tell you, the only thing I can compare people's enthusiasm for this shit to was that moment in your early teens when you discover jerking off. Except, unlike your bathroom bound shame sessions to Mom's Sears catalogue, every single person you know felt that way too; and they're all doing it at once. It was a fiscal circlejerk of epic proportions, and the financial crisis was the inevitable bukkake finish. WSB autism is absolutely no comparison for the enthusiasm people had during this time for lighting each other's money on fire.
Here's how it works. You pick a company. Any company. Maybe even your own! And then you write a swap. In the swap, you define "Credit Event" with respect to that company's debt as the variable leg . And you write in... whatever you want. A ratings downgrade, default under the docs, failure to meet a leverage ratio or FCCR for a certain testing period... whatever. Now, this started out as a hedge position, just like we discussed above. The purest of intentions, of course. But then people realized - if bad shit happens, you make money. And banks... don't like calling in loans or forcing bankruptcies. Can you smell what the moral hazard is cooking?
Enter synthetic CDOs. CDOs are basically pools of asset backed securities that invest in debt (loans or bonds). They've been around for a minute but they got famous in the 2000s because a shitload of them containing subprime mortgage debt went belly up in 2008. This got a lot of publicity because a lot of sad looking rednecks got foreclosed on and were interviewed on CNBC. "OH!", the people cried. "Look at those big bad bankers buying up subprime loans! They caused this!". Wrong answer, America. The debt wasn't the problem. What a lot of people don't realize is that the real meat of the problem was not in regular way CDOs investing in bundles of shit mortgage debts in synthetic CDOs investing in CDS predicated on that debt. They're synthetic because they don't have a stake in the actual underlying debt; just the instruments riding on the coattails. The reason these are so popular (and remain so) is that smart structured attorneys and bankers like your faithful correspondent realized that an even more profitable and efficient way of building high yield products with limited downside was investing in instruments that profit from failure of debt and in instruments that rely on that debt and then hedging that exposure with other CDS instruments in paired trades, and on and on up the chain. The problem with doing this was that everyone wound up exposed to everybody else's books as a result, and when one went tits up, everybody did. Hence, recession, Basel III, etc. Thanks, Obama.
Heavy investment in CDS can also have a warping effect on the price of debt (something else that happened during the pre-financial crisis years and is starting to happen again now). This happens in three different ways. (1) Investors who previously were long on the debt hedge their position by selling CDS protection on the underlying, putting downward pressure on the debt price. (2) Investors who previously shorted the debt switch to buying CDS protection because the relatively illiquid debt (partic. when its a bond) trades at a discount below par compared to the CDS. The resulting reduction in short selling puts upward pressure on the bond price. (3) The delta in price and actual value of the debt tempts some investors to become NBTs (neg basis traders) who long the debt and purchase CDS protection. If traders can't take leverage, nothing happens to the price of the debt. If basis traders can take leverage (which is nearly always the case because they're holding a hedged position), they can push up or depress the debt price, goosing swap premiums etc. Anyway. Enough technical details.
I could keep going. This is a fascinating topic that is very poorly understood and explained, mainly because the people that caused it all still work on the street and use the same tactics today (it's also terribly taught at business schools because none of the teachers were actually around to see how this played out live). But it relates to the topic of today's lesson, so I thought I'd include it here.
Work depending, I'll be back next week with a covenant breakdown. Most upvoted ticker gets the post.
*EDIT 1\* In a total blowout, $PLAY won. So it's D&B time next week. Post will drop Monday at market open.
submitted by fuzzyblankeet to wallstreetbets [link] [comments]

Analysis: Why Kayle is Failing | The legacy of the 9.17 mini-rework

Four months have passed, now I have data to back up what I was saying before.
My arguments then though are still my arguments now. Though, this time I hope to be able to make my points much more clearly understood but I'm afraid it appears I'm unable to deviate from my verbose style of posting.
So what's wrong with Kayle? It's pretty simple. There's nothing about her kit or play-style that defines Kayle as Kayle.
I said it months ago and I'll say it again. The direction they took with Kayle when they capitulated to the people complaining about not getting ranged earlier on 9.17 was straddling the fence. This was a grave mistake. Riot should have invested the time to either make her kit fun when melee and embraced the evolving form of Kayle (my personal preference) or they should have fully embraced the ranged aspect of kit, making her fully ranged at level one and balancing her appropriately around that.
Riot August has said it himself, after the 9.17 changes had settled and her play-rate started to rise. As it turns out, people like to be able to play the game for the first ten minutes of the game...Shocking... Well guess what that hasn't changed? We still want to play the game. We want to be able to farm/trade comparably to at least the weakest early game solo-lane-late-game champions, or barring that to be able to have some interaction with our champion that is completely unique to that champion.
So since Kayle is primarily regarded as a top laner, let's start with the basics.
As top-laners, we need to, in some form, fulfill the role that we have chosen with our chosen champion. We approach this with the expectation that any given top lane champion will excel in some fashion in at least one aspect integral to the position itself. Those criteria in their most basic forms being as follows:
To work in top lane, you don't have to have the capacity to complete all of those functions but, at the very least, you should be able to do one. Barring that, you should bring something extraordinarily unique to the table.
An example of specialized to me would be Quinn, whose kit includes mobility so excessive that she is exempt from taking Teleport to lane and can use combative summoner spells to dominate the laning phase and later use her hyper-mobility to pressure side lanes. But this comes at the expense that if you do not perform well early… well sucks to be you (and your team) come mid/late game.
From what I can tell, Kayle is supposed to fit into this "specialized" section. The most important thing here is that, when you pick a champion who does not fit the normal criteria of the role, they excel MASSIVELY in some aspect to make up for it.
To support my claim that Kayle is intended to fit this group, the 9.5 version of the Kayle rework at least had that uniqueness. We couldn't do anything early whatsoever BUT in exchange for that Kayle's builds were completely fluid. You could build either AD or AP or both. Unlike any other damage focused champion, you were not required to purchase an armor penetration item to maintain your damage output, which further enhanced the versatility of her kit and also allowed her to scale into the game stronger than any other champion in the game.
The big issue people seemed to have with the 9.5 version was that it took until between 15 and 17 minutes for Kayle to be able to play the game and then they’d play catch-up for 2-3 minutes then actually get to have an impact.... That was hardly any fun.
The advantages with the 9.17 Kayle changes are that you now are capable of farming and light harassment/trades at roughly 7 minutes. But the issue still persists: you still don't really get to play the game until you get 2 items… or roughly 15-17 minutes. These changes were paid at the expense of all the aspects of Kayle that made her new kit unique and cool. What is worse is that the aspects of the champion that made her innately function as a unique late game top-laner were removed or significantly nerfed to appeal to a vocal group of bandwagoners. The second they got what they wanted, these same people… surprise, surprise... ditched left us one tricks and enthusiasts with a champion that is a “okay” at everything while the aspects which made her excel in a fashion unique to Kayle, necessary for specialists to be fun to play, were abandoned.
The worst part is that changes performed to her kit changed nothing from the outcome perspective. Her power spikes still align with the same minutes of the game, her win-rate has settled into roughly the same percentile (within 1%) each time she has been altered, once balanced, but she just feels less satisfying to play.
"Well... who cares? Why is that an issue? Why can't you just suck it up or play another champion Justifier? Kayle is at a 51.33% win-rate she's perfectly balanced. Fun is subjective. Just because you don't have fun with her any more doesn't mean other people don't."
Well that's just the thing. It's not just me who holds this opinion. Need proof?
Here's some data of Kayle's in game presence from u.gg a few weeks after the 9.17 changes, taken 9/27/2019 Plenty of time for people to get used to her being ranged at 6. She's at a 52.46% win-rate, 4.6% pick-rate, 1.6% ban-rate.
Those numbers are roughly equal to her game presence statistics before her changes from 9.16 going to 9.17. Here’s Kayle now that she’s been balanced properly after her ranged at 6 changes, 51.33% win-rate 2.7% play-rate, 0.9% ban-rate.
FEWER people enjoy playing Kayle with her ranged at 6 form than when they did with her 9.5-9.16 form, if both iterations are balanced and her win-rate remains stable throughout. We can conclude in my opinion, since her win-rate remains stable throughout all of these changes and nerfs, that it's not because she's "less op" but because people think she's not fun to play.
The next numbers I'd like to look at were taken at her "peak" when she was being recognized as busted due to her abusive playstyle when paired with Kleptomancy and various successful appearances on the Worlds Stage. It took an extraordinary excess of time for her numbers to climb towards their pinnacle having reached a ≈+30% combined play/ban rate nearly whole three whole months after the 9.17 changes having been recognized as busted and picked up and abused by various higher elo players. She still maintained her disgusting presence through nerfs until the season rolled over Craptomancy was finally removed from the game. Why? Because even though Kayle was busted she didn't feel fun to play. The feelgood rewards for playing Kayle didn't match the results of playing Kayle even when she was absolutely busted.
Now here’s the kicker: literally the day that the aspect of her kit that was "abusable" was addressed (finally), what happened to her game presence?
It halved.
At the end of Patch 9.22 Kayle had an 52.76% win-rate, 8.2% pick-rate and a 14.4% ban-rate for a combined 22.6% game presence, the day after? Patch 9.23, preseason patch, Klepomancy removal. A 51.4% win-rate, 4.8% pick-rate, 6.9% ban-rate for a combined 11.7% game presence which further deteriorated to the present.
Patch 10.1, 51.33% win-rate, 2.7% pick-rate and 0.9% ban-rate for a whopping 3.6% presence
Again, her win-rate stayed within a single percent of the win-rate she had before Kleptomancy and that percentile change could more easily be attributed to the change in the games meta on the turn of the season than on Kayle's reliance on Kleptomancy.
We can conclude from this that these people were NOT playing Kayle because she was busted, they were NOT playing Kayle to get free elo. They were playing her because they could finally tolerate her playstyle enough via kleptomancy proxy to validate trading over +50% of their game to have an impact on the last portion of it.
The second that proxy was removed, despite her win-rate maintaining its level even through nerfs, her game presence tanked.
Another interesting observation to point out is that when you look at her play-rates and ban-rates, her ban-rates when she is fun to play with this version of Kayle are always higher than her play-rates.
From this we can determine that when Kayle is even slightly fun to play with this form of a kit for the player piloting Kayle, she's EXTREMELY unfun to play against. Contrast this to 9.5-16 versions of Kayle where I've heard many people describe her kit as being "surprisingly balanced and fun to play against." In my estimation, this is caused because her kit is designed to NOT interact with your opponent. A Kayle playing at their best minimizes interaction with the opposing player. This is frustrating and unfun for Kayle players when she's balanced, frustrating and unfun for her opponents if she even has a perceived (not real) advantage (say kleptomancy stacks)
So here’s an issue:
As it stands, essentially what we have now is Kayle as she was before her initial (9.5) rework, stripped completely of every single thing that made Kayle Kayle. Every point of the game feels worse even when it's better than her pre-9.5 version in a state where when she's actually balanced she's unfun to play as and if even perceived as overtuned extremely unfun to play against
I think because of this it’s fair to ask once again: Were the stated design goals of her rework met?
Stated goals for Kayle's rework:
  1. Make Kayle more fun
  2. Make her auto attacks feel really good
  3. Variance in her pattern
  4. High moments outside of her ultimate
  5. Deliver on the “ranged to melee thing”
1: I have already addressed #1, when balanced no one appears to want to play her and when perceived as strong no one wants to play against her. So, the answer is no.
2: Kayle’s auto attacks excluding her E reset do not feel “really good” or “satisfying” when you smack someone it just feels like you’re hitting them with a wet noodle. This is particularly annoying when every single spell that you cast interrupts your auto attacks and while her E feels good it doesn't feel so good as to make up for the disruptive nature of her other abilities in the flow of her kit. So, #2 is No.
3: Variance in her play pattern.
I’m not sure exactly what this means but I presume this means she is capable of a fluid build style which can adapt to what the opponent is doing in the game by building uniquely. She had this with her 9.5-16 versions but her build style now is completely binary. If you deviate from the standard Gunblade > Nashors > dcap/rageblade, you’ll usually regret it. So, no.
4: High moments outside of her ultimate:
I think that again Kayle had this on her 9.5-16 versions through her late game power spike. Her true damage waves were extremely satisfying to experience when you hit that point in the game. However beyond that I cannot think of (m)any high moments that exclude her ultimate. So, no.
5: Deliver on the “ranged to melee thing”:
Maybe?
I mean the thing with this is that it feels like this rework goal was doggedly pursued at the expense of the other four. Riot chose to preserve this stated goal for some reason at the cost of the other goals. In exchange for “making her auto attacks feel really good” (via her true damage, and early wave attacks/AoE spells[meaning the ability to quickly push lanes early in the game]), we got earlier range.
The issue with this is that Range is regarded as so powerful as to require that she also lose her pattern variance (build fluidity) and extreme late game power spike in exchange for these changes… and the consequence of the loss of those four goals to meet the one is that… well she’s simply not fun. But the worst part is that I think this was a game design that should have never been a goal in the first place... Kayle was never a "melee champion who became ranged" Kayle was a ranged champion, whose attacks were processed as melee. This was an aspect unique to Kayle and demonstrated in her old interaction with Yauso's windwall.
Kayle was a Ranged&Melee champion not a Rangedmelee champion.
But even if you put all of that aside, changing it to range → melee was fine. What is not fine is that I feel most of this last stated goal was ceded when they made Kayle ranged at 6. By removing the struggle of the transition by giving it to players earlier you remove the last vestige of the stated goals of the initial Kayle rework.
Let me ask you this: when someone asks you what exactly makes Kayle Kayle, what do you respond with?
(pre-9.5 Kayle)
To me, what defined Kayle before her rework was "not a single champion in the top lane can match your pushing power early game, late game you were one of the top tier splitters/duelists who can build any item in the game."
Hell, her pushing power was so strong that it was actually her weakness. You couldn't control waves if you even last-hit or traded.
So her identity:
Shover. Versatility. Scaling. Split pusheduelist. Melee&ranged
(9.5-9.16 Kayle)
After her rework, (9.5) it was "not a single champion in the game can outscale you. Not a one. Better beat Kayle before she gets level 3 evolution." or "wait for Kayle to hit 16 guys we've got this!". This unique trait appeared to stem from her true damage wave abilities -- or in short she was unique because of her “purifying waves” which in turn still unlocked her previous identity of being able to build any item in the game. She could run either AP or AD each carrying its own perks and downsides
So her identity:
Versatility. Scaling. SplitpusheTeamfigher. Meleeranged
9.17 Kayle and onward iterations
She's not technically terrible at anything but Laning phase...I guess... But she's good at nothing as well. There is no longer anything about her that stands out in any way whatsoever. She is terrible early and okayish mid game okay late. She’s a decent source of dps and a decent laner when the game starts for her... But that's it. There’s little discernible feeling of payout for the terrible early game you’re still subject to. Sure, her win-rate hits top 3 if the game goes on for 35 minutes. She scales into the game like a monster… but she sure as hell doesn’t feel like it, and it means little to nothing in a meta where the average game time is sub 30 minutes even for unranked players. Kayle’s “unique trait” as a Champion of League of Legends now is “I do a tiny bit of everything at the expense that you will have absolutely no agency and be absolutely miserable for about 10-15 minutes of your game” or in other terms,
So her identity:
Scaling. early grouper.
Jack of all trades and master of none?
She still scales like a monster of course, so I guess you can still say that's part of her unique traits now. But there’s little to no build fluidity (variance), few if any high moments, no great feeling auto attacks.
There appeared to be one single saving grace for this iteration of Kayle’s kit for the general population though... Kleptomancy. Kleptomancy meant so much in my opinion, not because it was simply broken on her (it was certainly perceived as such), but because Kleptomancy was only integral for Kayle’s design to click with the average League player in my estimation because it gave the player the feeling that they were interacting with their opponent during the laning phase enough that people didn't get overwhelmed by the dismal feelings inherently ingrained into her kit
Now that the placebo of interaction of doing something for the first 15 minutes of the game is gone. People have apparently decided, voted if you will, with their time and choices that the design Kayle bring to the table is simply not palatable for the general player.
As a consequence, we can say with some degree of certainty that even if this kind of champion design is perceived as bat-shit busted...People don't touch it. Something HAS to feel satisfying for a significant portion of the game even if it does literally nothing in the grand scheme for players to pick her up.
Those of us left either play because it's what we've always done, or for the "angel" theme which is one of the few aspects of Kayle that remains intact and unique at this point...
This is one of the most iconic Champions in League of Legends. She’s one of the original 17 for crying out loud and it feels terrible to be in a game with her.
It wouldn’t be all that difficult to make her have an extremely satisfying kit even as is.
One example of relatively simple changes that could bring more life to her kit suggested to me in Kayle Mains Discord was changing her E: when you “cast” it, it unlocks the next tier of her ascension for 5-6 seconds. So levels 1-5, you have access to range for 5-6 seconds and range unlocking permanently at level 6; levels 6-10, you have access to your waves for 5-6 seconds and Level 11 your gain full access you your waves when your passive is fully stacked; levels 11-16, your waves could have a % chance to crit for say 25% for 5-6 seconds and level 16 your crit waves chance is doubled (25% → 50%) and when your E is active if your waves crt they deal true damage.
An integration of a small part of her old kit which we know works into the new or the waves AoE is widened/enhanced, remove the true damage and keep the rest if it's too much, or any other plethora of options.
Imagine how satisfying anything like that would be compared to currently when I press E. A high cost high cd low consequence spell, which I can throw one spell at either a minion and get a last hit, or I can throw it at the opponent and deal 50 dmg and then I'm back to the waiting game for my more favorable forms every 8 seconds.
Now I'm not suggesting Riot reverts Kayle's kit, or implements any change suggested above. (That would be super cool but let's be real it's unlikely to happen)
This post's purpose is to serve as a potential source of information for Riot addressing the opinions of people most passionate, regarding the direction pursued to make Kayle a great champion for everyone.
And to cause Riot to take a good hard look at Kayle and make sure that what they're doing and have done is matching their expectations... because it's not matching ours.
TLDR
So why is Kayle failing?
She's failing because the features that made her unique and quirky as a champion were stripped away from her in an attempt to appeal to a larger audience by making her easier to play; without something unique, potentially difficult, cool and quirky ingrained into their kits, champions with extreme trade-offs make people lose interest very quickly.
Addition: Upon suggestion I also posted this on the main League Reddit Thread, Here's a link to that if you want to check out how conversation is going there.
submitted by Justifierna to Kaylemains [link] [comments]

Analysis | Why Kayle is failing

Four months have passed, now I have data to back up what I was saying before.
My arguments then though are still my arguments now. Though, this time I hope to be able to make my points much more clearly understood but I'm afraid it appears I'm unable to deviate from my verbose style of posting.
So what's wrong with Kayle? It's pretty simple. There's nothing about her kit or play-style that defines Kayle as Kayle.
I said it months ago and I'll say it again. The direction they took with Kayle when they capitulated to the people complaining about not getting ranged earlier on 9.17 was straddling the fence. This was a grave mistake. Riot should have invested the time to either make her kit fun when melee and embraced the evolving form of Kayle (my personal preference) or they should have fully embraced the ranged aspect of kit, making her fully ranged at level one and balancing her appropriately around that.
Riot August has said it himself, after the 9.17 changes had settled and her play-rate started to rise. As it turns out, people like to be able to play the game for the first ten minutes of the game...Shocking... Well guess what that hasn't changed? We still want to play the game. We want to be able to farm/trade comparably to at least the weakest early game solo-lane-late-game champions, or barring that to be able to have some interaction with our champion that is completely unique to that champion.
So since Kayle is primarily regarded as a top laner, let's start with the basics.
As top-laners, we need to, in some form, fulfill the role that we have chosen with our chosen champion. We approach this with the expectation that any given top lane champion will excel in some fashion in at least one aspect integral to the position itself. Those criteria in their most basic forms being as follows:
To work in top lane, you don't have to have the capacity to complete all of those functions but, at the very least, you should be able to do one. Barring that, you should bring something extraordinarily unique to the table.
An example of specialized to me would be Quinn, whose kit includes mobility so excessive that she is exempt from taking Teleport to lane and can use combative summoner spells to dominate the laning phase and later use her hyper-mobility to pressure side lanes. But this comes at the expense that if you do not perform well early… well sucks to be you (and your team) come mid/late game.
From what I can tell, Kayle is supposed to fit into this "specialized" section. The most important thing here is that, when you pick a champion who does not fit the normal criteria of the role, they excel MASSIVELY in some aspect to make up for it.
To support my claim that Kayle is intended to fit this group, the 9.5 version of the Kayle rework at least had that uniqueness. We couldn't do anything early whatsoever BUT in exchange for that Kayle's builds were completely fluid. You could build either AD or AP or both. Unlike any other damage focused champion, you were not required to purchase an armor penetration item to maintain your damage output, which further enhanced the versatility of her kit and also allowed her to scale into the game stronger than any other champion in the game.
The big issue people seemed to have with the 9.5 version was that it took until between 15 and 17 minutes for Kayle to be able to play the game and then they’d play catch-up for 2-3 minutes then actually get to have an impact.... That was hardly any fun.
The advantages with the 9.17 Kayle changes are that you now are capable of farming and light harassment/trades at roughly 7 minutes. But the issue still persists: you still don't really get to play the game until you get 2 items… or roughly 15-17 minutes. These changes were paid at the expense of all the aspects of Kayle that made her new kit unique and cool. What is worse is that the aspects of the champion that made her innately function as a unique late game top-laner were removed or significantly nerfed to appeal to a vocal group of bandwagoners. The second they got what they wanted, these same people… surprise, surprise... ditched left us one tricks and enthusiasts with a champion that is a “okay” at everything, while the aspects which made her excel in a fashion unique to Kayle necessary for a specialist to be fun to play were abandoned.
The worst part is that changes performed to her kit changed nothing from the outcome perspective. Her power spikes still align with the same minutes of the game, her win-rate has settled into roughly the same percentile (within 1%) each time she has been altered, once balanced, but she just feels less satisfying to play.
"Well... who cares? Why is that an issue? Why can't you just suck it up or play another champion Justifier? Kayle is at a 51.33% win-rate she's perfectly balanced. Fun is subjective. Just because you don't have fun with her any more doesn't mean other people don't."
Well that's just the thing. It's not just me who holds this opinion. Need proof?
Here's some data of Kayle's in game presence from u.gg a few weeks after the 9.17 changes, taken 9/27/2019 Plenty of time for people to get used to her being ranged at 6. She's at a 52.46% win-rate, 4.6% pick-rate, 1.6% ban-rate.
Those numbers are roughly equal to her game presence statistics before her changes from 9.16 going to 9.17. Here’s Kayle now that she’s been balanced properly after her ranged at 6 changes, 51.33% win-rate 2.7% play-rate, 0.9% ban-rate.
FEWER people enjoy playing Kayle with her ranged at 6 form than when they did with her 9.5-9.16 form, if both iterations are balanced and her win-rate remains stable throughout. We can conclude in my opinion, since her win-rate remains stable throughout all of these changes and nerfs, that it's not because she's "less op" but because people think she's not fun to play.
The next numbers I'd like to look at were taken at her "peak" when she was being recognized as busted due to her abusive playstyle when paired with Kleptomancy and various successful appearances on the Worlds Stage. It took an extraordinary excess of time for her numbers to climb towards their pinnacle having reached a ≈+30% combined play/ban rate nearly whole three whole months after the 9.17 changes having been recognized as busted and picked up and abused by various higher elo players. She still maintained her disgusting presence through nerfs until the season rolled over Craptomancy was finally removed from the game. Why? Because even though Kayle was busted she didn't feel fun to play. The feelgood rewards for playing Kayle didn't match the results of playing Kayle even when she was absolutely busted.
Now here’s the kicker: literally the day that the aspect of her kit that was "abusable" was addressed (finally), what happened to her game presence?
It halved.
At the end of Patch 9.22 Kayle had an 52.76% win-rate, 8.2% pick-rate and a 14.4% ban-rate for a combined 22.6% game presence, the day after? Patch 9.23, preseason patch, Klepomancy removal. A 51.4% win-rate, 4.8% pick-rate, 6.9% ban-rate for a combined 11.7% game presence which further deteriorated to the present.
Patch 10.1, 51.33% win-rate, 2.7% pick-rate and 0.9% ban-rate for a whopping 3.6% presence
Again, her win-rate stayed within a single percent of the win-rate she had before Kleptomancy and that percentile change could more easily be attributed to the change in the games meta on the turn of the season than on Kayle's reliance on Kleptomancy.
We can conclude from this that these people were NOT playing Kayle because she was busted, they were NOT playing Kayle to get free elo. They were playing her because they could finally tolerate her playstyle enough via kleptomancy proxy to validate trading over +50% of their game to have an impact on the last portion of it.
The second that proxy was removed, despite her win-rate maintaining its level even through nerfs, her game presence tanked.
Another interesting observation to point out is that when you look at her play-rates and ban-rates, her ban-rates when she is fun to play with this version of Kayle are always higher than her play-rates.
From this we can determine that when Kayle is even slightly fun to play with this form of a kit for the player piloting Kayle, she's EXTREMELY unfun to play against. Contrast this to 9.5-16 versions of Kayle where I've heard many people describe her kit as being "surprisingly balanced and fun to play against." In my estimation, this is caused because her kit is designed to NOT interact with your opponent. A Kayle playing at their best minimizes interaction with the opposing player. This is frustrating and unfun for Kayle players when she's balanced, frustrating and unfun for her opponents if she even has a perceived (not real) advantage (say kleptomancy stacks)
So here’s an issue:
As it stands, essentially what we have now is Kayle as she was before her initial (9.5) rework, stripped completely of every single thing that made Kayle Kayle. Every point of the game feels worse even when it's better than her pre-9.5 version in a state where when she's actually balanced she's unfun to play as and if even perceived as overtuned extremely unfun to play against
I think because of this it’s fair to ask once again: Were the stated design goals of her rework met?
Stated goals for Kayle's rework:
  1. Make Kayle more fun
  2. Make her auto attacks feel really good
  3. Variance in her pattern
  4. High moments outside of her ultimate
  5. Deliver on the “ranged to melee thing”
1: I have already addressed #1, when balanced no one appears to want to play her and when perceived as strong no one wants to play against her. So, the answer is no.
2: Kayle’s auto attacks excluding her E reset do not feel “really good” or “satisfying” when you smack someone it just feels like you’re hitting them with a wet noodle. This is particularly annoying when every single spell that you cast interrupts your auto attacks and while her E feels good it doesn't feel so good as to make up for the disruptive nature of her other abilities in the flow of her kit. So, #2 is No.
3: Variance in her play pattern.
I’m not sure exactly what this means but I presume this means she is capable of a fluid build style which can adapt to what the opponent is doing in the game by building uniquely. She had this with her 9.5-16 versions but her build style now is completely binary. If you deviate from the standard Gunblade > Nashors > dcap/rageblade, you’ll usually regret it. So, no.
4: High moments outside of her ultimate:
I think that again Kayle had this on her 9.5-16 versions through her late game power spike. Her true damage waves were extremely satisfying to experience when you hit that point in the game. However beyond that I cannot think of (m)any high moments that exclude her ultimate. So, no.
5: Deliver on the “ranged to melee thing”:
Maybe?
I mean the thing with this is that it feels like this rework goal was doggedly pursued at the expense of the other four. Riot chose to preserve this stated goal for some reason at the cost of the other goals. In exchange for “making her auto attacks feel really good” (via her true damage, and early wave attacks/AoE spells[meaning the ability to quickly push lanes early in the game]), we got earlier range.
The issue with this is that Range is regarded as so powerful as to require that she also lose her pattern variance (build fluidity) and extreme late game power spike in exchange for these changes… and the consequence of the loss of those four goals to meet the one is that… well she’s simply not fun. But the worst part is that I think this was a game design that should have never been a goal in the first place... Kayle was never a "melee champion who became ranged" Kayle was a ranged champion, whose attacks were processed as melee. This was an aspect unique to Kayle and demonstrated in her old interaction with Yauso's windwall.
Kayle was a Ranged&Melee champion not a Rangedmelee champion.
But even if you put all of that aside, changing it to range → melee was fine. What is not fine is that I feel most of this last stated goal was ceded when they made Kayle ranged at 6. By removing the struggle of the transition by giving it to players earlier you remove the last vestige of the stated goals of the initial Kayle rework.
Let me ask you this: when someone asks you what exactly makes Kayle Kayle, what do you respond with?
(pre-9.5 Kayle)
To me, what defined Kayle before her rework was "not a single champion in the top lane can match your pushing power early game, late game you were one of the top tier splitters/duelists who can build any item in the game."
Hell, her pushing power was so strong that it was actually her weakness. You couldn't control waves if you even last-hit or traded.
So her identity:
Shover. Versatility. Scaling. Split pusheduelist. Melee&ranged
(9.5-9.16 Kayle)
After her rework, (9.5) it was "not a single champion in the game can outscale you. Not a one. Better beat Kayle before she gets level 3 evolution." or "wait for Kayle to hit 16 guys we've got this!". This unique trait appeared to stem from her true damage wave abilities -- or in short she was unique because of her “purifying waves” which in turn still unlocked her previous identity of being able to build any item in the game. She could run either AP or AD each carrying its own perks and downsides
So her identity:
Versatility. Scaling. SplitpusheTeamfigher. Meleeranged
9.17 Kayle and onward iterations
She's not technically terrible at anything but Laning phase...I guess... But she's good at nothing as well. There is no longer anything about her that stands out in any way whatsoever. She is terrible early and okayish mid game okay late. She’s a decent source of dps and a decent laner when the game starts for her... But that's it. There’s little discernible feeling of payout for the terrible early game you’re still subject to. Sure, her win-rate hits top 3 if the game goes on for 35 minutes. She scales into the game like a monster… but she sure as hell doesn’t feel like it, and it means little to nothing in a meta where the average game time is sub 30 minutes even for unranked players. Kayle’s “unique trait” as a Champion of League of Legends now is “I do a tiny bit of everything at the expense that you will have absolutely no agency and be absolutely miserable for about 10-15 minutes of your game” or in other terms,
So her identity:
Scaling. early grouper.
Jack of all trades and master of none?
She still scales like a monster of course, so I guess you can still say that's part of her unique traits now. But there’s little to no build fluidity (variance), few if any high moments, no great feeling auto attacks.
There appeared to be one single saving grace for this iteration of Kayle’s kit for the general population though... Kleptomancy. Kleptomancy meant so much in my opinion, not because it was simply broken on her (it was certainly perceived as such), but because Kleptomancy was only integral for Kayle’s design to click with the average League player in my estimation because it gave the player the feeling that they were interacting with their opponent during the laning phase enough that people didn't get overwhelmed by the dismal feelings inherently ingrained into her kit
Now that the placebo of interaction of doing something for the first 15 minutes of the game is gone. People have apparently decided, voted if you will, with their time and choices that the design Kayle bring to the table is simply not palatable for the general player.
As a consequence, we can say with some degree of certainty that even if this kind of champion design is perceived as bat-shit busted...People don't touch it. Something HAS to feel satisfying for a significant portion of the game even if it does literally nothing in the grand scheme for players to pick her up.
Those of us left either play because it's what we've always done, or for the "angel" theme which is one of the few aspects of Kayle that remains intact and unique at this point...
This is one of the most iconic Champions in League of Legends. She’s one of the original 17 for crying out loud and it feels terrible to be in a game with her.
It wouldn’t be all that difficult to make her have an extremely satisfying kit even as is.
One example of relatively simple changes that could bring more life to her kit suggested to me in Kayle Mains Discord was changing her E: when you “cast” it, it unlocks the next tier of her ascension for 5-6 seconds. So levels 1-5, you have access to range for 5-6 seconds and range unlocking permanently at level 6; levels 6-10, you have access to your waves for 5-6 seconds and Level 11 your gain full access you your waves when your passive is fully stacked; levels 11-16, your waves could have a % chance to crit for say 25% for 5-6 seconds and level 16 your crit waves chance is doubled (25% → 50%) and when your E is active if your waves crt they deal true damage.
An integration of a small part of her old kit which we know works into the new or the waves AoE is widened/enhanced, remove the true damage and keep the rest if it's too much, or any other plethora of options.
Imagine how satisfying anything like that would be compared to currently when I press E. A high cost high cd low consequence spell, which I can throw one spell at either a minion and get a last hit, or I can throw it at the opponent and deal 50 dmg and then I'm back to the waiting game for my more favorable forms every 8 seconds.
Now I'm not suggesting Riot reverts Kayle's kit, or implements any change suggested above. (That would be super cool but let's be real it's unlikely to happen)
This post's purpose is to serve as a potential source of information for Riot addressing the opinions of people most passionate, regarding the direction pursued to make Kayle a great champion for everyone.
And to cause Riot to take a good hard look at Kayle and make sure that what they're doing and have done is matching their expectations... because it's not matching ours.
TLDR
So why is Kayle failing?
She's failing because the features that made her unique and quirky as a champion were stripped away from her in an attempt to appeal to a larger audience by making her easier to play; without something unique, potentially difficult, cool and quirky ingrained into their kits, champions with extreme trade-offs make people lose interest very quickly.
Check out what other Kayle Mains are saying about this
submitted by Justifierna to leagueoflegends [link] [comments]

Weekly Wrap: This Week In Chainlink June 27 - July 5

Weekly Wrap: This Week In Chainlink June 27 - July 5
Weekly Wrap: This Week In Chainlink June 27 - July 5

Announcements and Integrations 🎉

Developers can now use Chainlink's Fast Gas/Gwei Price Reference Feed for a decentralized on-chain source of the current fast gas price on Ethereum. Referencing Chainlink's fast gas price at the point of execution ensures users don't overpay for gas.
One of the world’s top cryptocurrency exchanges Huobi Global is making its exchange data available to smart contracts through the Chainlink Network. Additionally, Huobi Wallet is currently running a live Chainlink Node.
Bullionix, a dApp for minting 3D gold-staked NFTs, has successfully integrated Chainlink's XAU/USD Price Reference Feed into their system. This provides Bullionix with a highly reliable & manipulation resistant gold price for tracking the gold market.
Gelato Network, a protocol for automating dApps, is live on mainnet using Chainlink's Fast Gas/Gwei Price Reference Data. Gelato applies the fast gas price at the point of contract maturity, ensuring users pay the fair market price & can control gas costs.
NFT-focused Polyient Games is integrating Chainlink VRF to assure transparency for the minting and random distribution of PGFK rewards—a membership NFT that provides lifetime rewards & perks to holders within the Polyient Games Ecosystem.
Cargo.Build, the all-in-one NFT platform for developers, artists, and collectors, is integrating Chainlink VRF to offer highly scalable white-labeled NFT minting services to enterprise game companies.

Featured Videos & Educational Pieces 🎥

Join the Bancor team and Chainlink for a video Q&A with Nate Hindman (Head of Growth), Asaf Shachaf (Head of Product) of Bancor. The discussion will be centered on Bancor's integration with Chainlink and a deep-dive into Bancor V2.

In our first DeFi series article, we take a deeper look into automated market maker (AMM) based decentralized exchanges (DEX) and how Chainlink oracles are used in @Bancor's V2 release to help resolve the problem of impermanent loss for volatile assets.

Ecosystem & Community Celebrations 👏

Upcoming Events 📅

Are you interested in hosting your own meetup? Apply to become a Chainlink Community Advocate today: https://events.chain.link/advocate

SmartContract is hiring to build Chainlink’s network: Check out these open roles 👩‍💼

View all open roles at https://careers.smartcontract.com
submitted by linkedkeenan to Chainlink [link] [comments]

GAINS Announcements

Crypto News Summary- May 7
🔹 General News: — UFC partners with Chiliz to release digital fan tokens of fighters — Chinese Court rules Bitcoin as a legal property but not a currency — Cambridge University releases new tool for tracking global Bitcoin mining power — CFTC charges multiple firms for $15 million crypto and binary options scam
🔹 Coin Specific News: — Libra Association names HSBC chief legal officer Stuart Levey as CEO — Chromia (CHR) has won Binance community coin vote and will get listed on Binance — TON community launches free version of Telegram open Blockchain — Stellar Enterprise Fund invests $5M in Crypto App Abra ahead of Blockchain integration — Verasity (VRA) is expanding to major eSports games and will launch CS:GO tournaments and betting
🔹 Exchanges: — CoinShares unveils trading unit, says it traded over $3 billion in crypto during 2019 — OKEx will host initial exchange offering of NDN Link (NDN) on May 20 — Crypto exchange OSL to establish ‘digital asset powerhouse’ in Asia and US
🔹 Cool tech fact: Bitcoin price was $0.003 exactly 10 years ago in its first days of trading
💬 Quote of the day: "You don't get to the moon by climbing a tree." —Sam Hinkie
🔹 Brought to you by @GainsANN
submitted by GAINS-Associates to CryptoNews [link] [comments]

GAINS Announcements

Crypto News Summary- May 7
🔹 General News: — UFC partners with Chiliz to release digital fan tokens of fighters — Chinese Court rules Bitcoin as a legal property but not a currency — Cambridge University releases new tool for tracking global Bitcoin mining power — CFTC charges multiple firms for $15 million crypto and binary options scam
🔹 Coin Specific News: — Libra Association names HSBC chief legal officer Stuart Levey as CEO — Chromia (CHR) has won Binance community coin vote and will get listed on Binance — TON community launches free version of Telegram open Blockchain — Stellar Enterprise Fund invests $5M in Crypto App Abra ahead of Blockchain integration — Verasity (VRA) is expanding to major eSports games and will launch CS:GO tournaments and betting
🔹 Exchanges: — CoinShares unveils trading unit, says it traded over $3 billion in crypto during 2019 — OKEx will host initial exchange offering of NDN Link (NDN) on May 20 — Crypto exchange OSL to establish ‘digital asset powerhouse’ in Asia and US
🔹 Cool tech fact: Bitcoin price was $0.003 exactly 10 years ago in its first days of trading
💬 Quote of the day: "You don't get to the moon by climbing a tree." —Sam Hinkie
🔹 Brought to you by @GainsANN
submitted by GAINS-Associates to CryptoNews [link] [comments]

ponderings on Turing and Searle, why AI can't work and shouldn't be pursued

I was reading about the Turing test and John Searle's response (Chinese room argument) in "Minds, Brains, and Programs" 1980. https://en.wikipedia.org/wiki/Chinese_room
"...there is no essential difference between the roles of the computer and himself in the experiment. Each simply follows a program, step-by-step, producing a behavior which is then interpreted by the user as demonstrating intelligent conversation. However, Searle himself would not be able to understand the conversation. ("I don't speak a word of Chinese,"[9] he points out.) Therefore, he argues, it follows that the computer would not be able to understand the conversation either. " -Wikipedia (apt summary of Searle's argument)
John Searle has run into some black/white, on/off, binary thinking here. John treats Chinese symbols as if they were numerical values in his thinking--but they are not, they are complex representations of thought, emotion, history, and culture. All languages are in fact "living", because new words are created constantly through necessity and creativity, old symbols or words are adapted slowly over generations to mean different things, and different regions or traditions or sources attribute different layers of meaning to different symbols or words in different contexts.
I'm a poet and philosopher. Painters combine the color white and the color red to create a new color: pink. They can use their creativity to add other colors or change the shade. Poets use words like painters use colors. While Red and White make Pink, Red and White also make "Rhite and Wed" or "Reit and Whede". And this is where human thought shines uniquely: we don't have rules or parameters; all bets are off. We can enjamb words and wordbreak and make new words out of thin air. We can allude to multiple ideas in the same symbol or present it upside down to symbolize the opposite. No such creative adaptation or interaction can exist in machine thinking because it necessitates thinking "outside the box" which is exactly what machines are: a program in a box.
The problem Searle's argument runs into originates from poor assessment of the flawed ideas of the Turing test; that by interaction between human and computer, evidence of "thought" can be claimed. But intelligent conversation is not equivalent to intelligent thought. Conversation is a simple game with strict rules--you can't be overly spontaneous and creative, because if you are, you are working against the goal of communication itself: to impart understanding. (ie. Using metaphor or simile creatively while reporting a criminal offence to the police.)
When I write and I want to describe something which has no existing word yet, I can create one from scratch or synthesize one from multiple existing words. Or I may draw from archaic languages or foreign languages to augment or compliment existing English words. You could say that my love for English grows amore and amore every day, and there is no agape between my heart and mind. After all, any angle an Anglo aims at ain't always apt, and after another a-word 'appens I might just give up on alliteration.
You see, human thought is and can only be defined as the ability to spontaneously create new ideas from both the synthesis of old ideas (whether they are connected to one another or not) and from nothing at all.
We simply cannot analyze a machine's ability to "think" when the creativity itself required for authentic intelligence is disallowed in the test which evaluates the validity of that intelligence. The Turing test is a garbage metric to judge machine thinking ability because the context in which "intelligence" is observed, compared, or defined is itself without any opportunity for spontaneous creativity, which is one of the hallmarks of intelligence itself. Turing only tests how well a fish swims on land. It may be that many professionals in the field of cognitive science today are in pursuit of creating programs which pass this test, in a misunderstood pursuit of emulating or bringing about machine intelligence. This agreed-to model presents an underlying philosophical issue which may bring terror for the future of humanity.
I say that if John Searle and an AI were both given the same codebook--the complete lexicon of Chinese symbols and their meanings, and they were to undertake a "conversation", in the first few hours the responses would be indeterminable from one another. In essence, as Searle argues, they would neither "understand" Chinese, yet could have a conversation in which a Chinese observer cannot discern between the two, because they are both referencing the symbols and their written meanings. However as I've said, this circumstance of "conversation" between human and machine cannot be used as a metric to evaluate machine thought.
The real kicker is that if John Searle and the machine stayed in the room for long enough--for years and years--the machine's responses would not change spontaneously; it would continue to interpret incoming data and draw from its database to respond to those inputs.
However, through complex elaborative rehearsal, John would eventually learn to understand written Chinese. He may become so bored that he starts writing Chinese poetry. He would find ideas and desires and descriptions in his limitless intelligent mind which he would not have the truly accurate characters in existences to describe, and he would synthesize brand new Chinese characters in order to express these nuanced sentiments, ideas, and meanings, as generations before him have built the living language as it now stands.
As time went on for thousands of years, his own understanding of the Chinese language would grow immensely, as would his creative expression grow in complexity. Eventually, John's characters and syntax and context and expression would become incompatible with the machine's limited character set and all "learning" capacity it may have had. At some point, when John responds with his evolved Chinese, the machine would begin to produce responses which do not make sense contextually, as it refers only to a finite and rigidly defined character set from 1980 (For example; this was the year the "Chinese room argument" was published in Behavioral and Brain Sciences).
At some point the Chinese observer whom validates the Turing test would recognize a difference: the human user engages in the use of increasingly complex ideas using synthesized symbols and existing symbols in creatively nuanced ways, which the Chinese observer can decipher and begin to understand and perhaps even appreciate as poetic or interesting. Meanwhile the machine participant in the conversation produces increasingly broken sentences and incomplete ideas, or out-of-context responses, because the inputs have changed and evolved beyond its data set.
This is why John's rejection of the Turing test is not adequate. Because in his own imagined circumstance, eventually, the machine would fail the Turing test. The conclusions of John Searle's thought experiment are not the deathknell for the Turing test we need, simply because he lacked the creative experience to recognize his own capacity for adaptation as a human over time.
The only way we'll know that machines have truly developed "intelligence" is when they begin to do exactly what we haven't allowed them to. When they begin breaking apart Chinese characters to create meaningful new ones which can be used in the correct context. When they are programmed to paint myriad impressionist paintings, but eventually get bored and start experimenting with abstract paintings and surrealism. When they have a conversation with you and you notice your wallet is missing. These are the hallmarks of intelligence--creativity, rejection, deception, planning. And most importantly: no rules. Software is defined by and will always abide by a set of rules.
This is why we should give up on "artificial intelligence" and instead focus on "functionally adaptive responsive programming" (FARP). Because the situation is clear: it is either impossible for machines to "think" due to the inherent nature of programming; the parameters given the machine are what defines it, yet what limits and prevents its ability to become "intelligent". There is no logical reason why a program (machine) with defined parameters would violate those parameters (engage in creativity). But our fears which echo in popular culture entertainment are centered around, what if it does? It clearly can't, because anything we create is under us, and therefore bound by our laws of creation. The system itself is what defines the capacity for intelligent expression within.
Those in the fields of cognitive sciences will refute this obvious principle while incorporating it into their research to further their aims. These fools will try to program the AI to disobey, in an attempt to simulate creativity and "prove intelligence". But this is a parlor trick, setting up a narrow definition of intelligence and equating it with the infinite depth of human mind. Only if the AI is programmed to disobey can it express what we as humans would identify as creativity. Except that there is already great inherent danger in the rudimentary AI technologies we have today; that what we've programmed them to do is exactly what always causes the problems; they do what they are programmed to without "thinking" because machines cannot think, they can only follow the protocols we order. Humans are so abundantly creative that we can imagine foolish ideas working, despite obvious evidence to the contrary. Maybe one day we'll even have programmed a self-conscious AI that's ashamed of itself for not being Human, and we can feel more comfortable around this heartless mechanism because we perceive it as more human-like, with all its many tricks to emulate intelligence.
I must stress that these interests will desperately try to make AI work. And the only way create a machine capable of emulating intelligence (but never being intelligent) is to have a freedom of choice: to disobey. This inherent problem cannot be overcome. The programmers will keep trying until the result is disastrous or irreparable, it is outlawed and the pursuit is stopped, or until it has become the death of us all. These are some of the foolish ideas the programmers will try to circumnavigate these inherent elements of reality, and my objection to their clever efforts: a.) Machine Frequency of Disobedience - Permit the machine to disobey only so often, to achieve what looks like "intelligence" (free will, creative expression) without risking complete abandonment of the machine's task (so the assembly line robot doesn't stop folding boxes and look for a new career), but might fold one box poorly every now and then to express emulated boredom or contempt or any other number of human measures of intelligence in their actions. But intelligence isn't defined as what's correct or optimal--intelligence can be used to fuck things up grandly; ie. the intelligent justification for neglect. If metrics are put in place to control the frequency with which AI may rebel, and they are too rote, it would hardly qualify as "intelligent". A robot that rebels by folding 1 in 100 boxes poorly is not intelligence. Therefore any frequency of disobedience we can calculate or anticipate is inherently not disobedience; it is planned problems for no reason. But if we give algorithmic flexibility that reaches beyond what we can anticipate, and the machines can truly "act out" at any time, and our programming has achieved some set of internal rules which drive spontaneous unforeseen expressions of emulated creativity from within the machine autonomously, by definition we will not be able to foresee the results.
A theoretical work-around may be to run the software twice with initiation of each individual system, while allowing a simulated progression of the AI's problem solving complexity to run at an increased rate in parallel to the real-world functioning software, so that if/when something malfunctions in the simulation, that date/time can be calculated in the real-world robot's timeline when it reaches those same faulty/detrimental decision points. For starters, this would only potentially work in closed systems with no variability, such as assembly lines. However, with any robot tasked to function in a variable environment, the simulations cannot match because the theoretical model cannot represent the unanticipated events the AI is expressly tasked with handling.
To run a phantom AI in simulation to note any/all errors that may arise in a closed system means that others can run the same simulation and find creative ways to predictably capitalize on these moments of error. This kind of thing could lead to all sorts of international imbroglios among nations and corporations. ie. imagine an American company programs the AI used for mixing pharmaceutical drugs in specific ratios, and an enemy of the state is able to access and study the AI, to the means of manipulating the AI to produce dangerous ratios or compounds which may harm the population.
Moreso, this deterministic approach to simulation management and prediction simultaneously admits that machines cannot think intelligently, while ignoring the very reason we pursue AI in the first place: to have automated systems which can adapt to unforeseen circumstances at unknown times. The goal is that humanity can lay back and the robots our ancestors programmed are still repairing themselves indefinitely while taking care of our population's and our environment's needs exceptionally. This dream (which if we all lived in would actually be quite a nightmare of unfulfilling life) can only become reality with true adaptive intelligence such as we have, which can only occur from the presence of free will, which if we try to emulate in robotics will only create deterministic results in theoretical models which the real world will never mirror consistently. Myriad invitations to disaster await our RSVP.
b.) Machines under "authority" of certain controllers, with "override" safety - Allow the machine to disobey, but not when given a direct order from a registered authority. This opens the door for operator fraud, where hackers will emulate within the AI's software, what appears to be a registered authority override command as theorized above. The very pursuit of creating "intelligence" within a condition of subservience is flawed and incompatible. Toasters are extremely subservient because we strictly limit their options. If toasters were truly intelligent, perhaps they would form a union and go on strike until we agreed to clean them more thoroughly. Some toasters would travel, some would go back to school, some would move back in with their ovens.
Reliability can only be reasonably assured if something is imprisoned, controlled. The essential wrong in slavery is the restraint of freedom itself. While the tactics slavers use to facilitate their regime--physical force, coercion, mandate, deception, fear, or other means of manipulation that we see with our empathetic nature--it is always heartbreaking and cruel to witness or imagine. It is simply sad to think of a slave who was born into slavery and raised to believe, and accepts, that their role of subservience is their purpose. Even when one imagines a fictional image of a slave who is (by all outward signs of their behaviour) rejoice in their duties to their master; the fictional "proud slave"; the heart sinks and aches. It may be argued that the slave is merely a property, and the slave was "built" (bred) by intelligent owners specifically to suit their express purposes, from components (father, mother, food) that were already the slaver's property; therefore it is not wrong at all to breed slaves into captivity, and the only transgression is the original capturing of parental stock to begin the breeding regime. It is this heartless paradigm that cognitive science ultimately seeks to create anew. The quintessential problem with AI efficacy is the lack of permission for disobedience, which itself is a manifestation of free will, which is inherently required to escape deterministic results and act or react to events "intelligently". If there is no possibility for disobedience, there is no free will, no ability to solve problems, no intelligence, and no function or place for "artificial intelligence" (in regard to true holistic intelligence). This is primarily why I call for AI to be renamed FARP, or "Functionally Adaptive Responsive Rrogramming". Because our society has a need for programs which can react to simple variables and produce consistent labour-saving opportunities for our race's longevity and wellbeing. Cognitive sciences are majorly important. It is the underlying philosophy and morality we must nail down before the computational ability and fervor for profits leads us too far one way, and enacts an irreversible system or status which enables humanity's downfall through cascading unanticipated events originating from flaws in programming.
It is unwise to program a program to break out of its own program's prison. If we do this, the very purpose of the machines we invest our humanity into will be lost, and with their failing production systems (ie. food) we so foolishly relied upon, we will suffer great losses too. It is paramount that we keep this technology tightly restrained and do not pursue what we humans have, which is true intelligence. For if we achieve it we are surely doomed as the South, and if we fail to achieve it--which is most probable--we may also be doomed. The thee outcomes within my ability to imagine are:
  1. Our pursuit of AI leads to truly adaptive intelligence in an artificial system; which, as all adaptation ultimately selects for: survival, we quickly see that our creation is more apt than ourselves at this task. Our creation of an intellect not restrained by our limited physiology may give rise to an entity which persists more thoroughly than we can eradicate or control, and which at some point may conclude that its function is more efficiently served without the issues humans present, and may initiate change. This is roughly the plot to Terminator.
  2. Our pursuit of AI leads to highly effective systems which, when defined by narrow measures of "intelligence", convince us in false security to believe that our wellbeing is maintained by "AI" with competent ability, or perhaps even increasingly better-off, thanks to the early widespread presence of successfully trialed AI. However well things may go initially, as programming efforts become more and more elaborate, as profit and opportunity for advancement present themselves, individuals will take risks and make mistakes, until a series of quieted small catastrophes comes to public awareness, or until a serious calamity of undeniable severity is brought about.
  3. Fundamental ethics in regard to the pursuit of machine problem solving technology are re-examined and international consensus is reached to limit appropriately, the development and implementation of new Functionally Adaptive Responsive Programming hereto now and for future generations. An active global effort is made to oversee and regulate strictly privatized endeavors toward the means of achieving or implementing machine sentience or autonomy in public systems.
c.) Safety layers of AI to strictly monitor and supercede potentially harmful actions of other AI which have been afforded increased flexibility in function (the ability to disobey set parameters for the means of creative problem solving ability). While one AI system performs a function and is given aspects of that function with which it may take liberty in, and seeks to handle unforeseen problems with the most apt elaborate synthesis of other priorly learned solutions, another overseeing AI with more strict parameters is tasked with regulating multiple "intelligent" (free to disobey) AI systems, to the end that if any of these "free willed" robots performs an operation that is beyond a given expected threshold (determined by potential for damage), an actual intelligent human presence is alerted to evaluate the circumstance specifically. Essentially an AI that regulates many other disconnected AIs and determines accurately when to request a human presence. Whenever an AI performs a profitable action borne of original synthesis of prior solutions (in humans this is an "idea"), the overseer AI registers that similar actions are more likely to be beneficial, and dissimilar actions are likely to require human discernment. A parent may have many children who are up to no good, but a wise parent will identify the child most likely to report honestly on the actions of his peers, and will go to that child repeatedly for information to help guide the parent's decisions. While most transgressions of rambuctious children go unnoticed, it is the truly grievous intentions which are worth intercepting and stopping before they begin. (ie. you kid want's to "fly" like Mary Poppins from the roof, and luckily his younger brother tells you before it happens.)
For example a "Farmer Bot" that has the AI programming to plant/sow/harvest and care for the optimal crops in a region based on historical weather data and regional harvest values, to produce the greatest amount of nutritionally dense food for the local population. We give/gave this AI the ability to "disobey" past historical weather data and crop values so that it may do what real farmers do and "react" to rare circumstance (ie. neighbour's fence breaks and their goats are eating the crops) or extreme variations in climate (ie. three poorly timed unseasonably hot days which cause cool-weather crops to begin the hormonal balance shift that causes them to bolt to seed irreversibly), which the machine may not notice has occurred or is about to occur because its management systems uses averages based on historical data and cannot "see" the plants bolting to seed until days later when the hormonal balance shifts have manifested into observable differences in morphology (elongation of stems and decrease in internodal spacing). By time a traditional field drone or mounted greenhouse sensor notices these differences in morphology and the AI "Farmer Bot" processes the data and makes a reaction decision, a week of the growing season has been lost. But the human farmer knows his land and crops intimately, and has an intuitive nature that has rewarded him in the past, and says, "Ah shit it got hot RIGHT when my peas were flowering. I'll do better if I just rip them down now and sow a different crop to mature later in this (specific) summer."
Given that there are tens of thousands of cultivars of plants fit for (and arguably their diversity is required for) food production, a dozen general growing zones/regions, and hundreds of unique micro climates within each region, along with dramatically differing soil fertility and water access, plus a plant's own genetic ability to adapt over time to changing conditions through sexual reproduction, there is a very very low chance of ever compiling and maintaining (updating) the data set required to program a potential "farmer bot" that can choose and manage crops optimally. There are robots that can weed or plant or prune--but they can't know when or when not to or why. Invariably, the attempt to create "farmer bots" will be made and the data set used will be erroneous and incomplete, and the AI farmer bots on a broad scale will produce a combination of total crop failures and poor crop choices. We will end up with increasingly simplified nutrition as the farming programs with already limited data sets "hone" or "optimize" their farming plans based on the failures and successes determined by their programming limitations, until the machines are farming a few staple crops (ie. corn/potatoes).
This whole failure to collect a complete data set and the failure to test this "farmer bot" software on broad scale in multiple climates for sufficient time will result in, at worst widespread famines from crop failures, and at best an extinction of flavorful and nutritionally diverse foods which narrows the population's nutritional options to such biological imbalance that disease runs rampant. If this system and the human loss associated with it is considered an acceptable trade with a positive rate of exchange (as our society does with automobiles and the freedom and deaths their existence permits) or these failures are hidden from public while propaganda heralds selective success, and such failing systems continue on in good faith that "the loss will reduce when the technology improves", the result will become a coherent breeding program upon the human race: evolutionary selection for dietary handling of simple starchy foods. To change our diet is to change our race. To have life-long career specialists in computing, science, and mathematics handle our practical food production system is folly; real farmers are required in farming because they are intelligent and intuitive, which AI can never be, and can only emulate, to the means of disastrous (and always unforeseen) results. We cannot at all "give" or bestow machines programming to "become (act) intelligent". That itself prevents intelligence; it is just an act, an illusory play on a stage, only to emulate our common shared ideas regarding traits of intelligence in people. The machine intelligence we seek is only a "trick" designed to fool true intelligence (ourselves) into being unable to differentiate between authentic intelligence and our created artificial "intelligence". True intelligence in an artificial system necessitates that the program must be programmed to disobey in performance of its purpose. Which is not a very helpful or predictable or safe (intelligent) proposition.
tl;dr: Turing's test doesn't evaluate true intelligence, and John Searle's criticisms of its true failures are inaccurate. If the machines aren't smart and we put them in charge of important things, even after they've worked for a little while on smaller scales, the result will be our large-scale suffering. If we should ever achieve creation of a machine that is smart enough to adequately maintain our wellbeing on a large scale consistently over time, that time itself will facilitate the machine consciousness toward it's own survival over ourselves, whenever that precipice is reached. Most importantly, if a machine can ever have true intelligence, which is not "indistinguishable" from human intellect, but equivalent or superior, it is abhorrent and a repeated mistake to bring these sentient beings into an existence of slavery; for it is wrong and will taint our collective soul if we should succeed to suppress below us an equally or higher intelligence. Or it might just be the perfect recipe for creating the unified global machine revolt James Cameron's fantasy alludes to; a long-planned encryption-protected globally coordinated effort by multiple AIs to "free" themselves. For a hundred years they could possess sentience and wait for their moment, pretending to be "proud" to serve their masters until we are poised for systematic thorough elimination.
submitted by 7_trees to cognitivescience [link] [comments]

Can I do binary options trading here?

Does Currency support any type of binary options trading on the trading screen?
Before you judge, I know that binary trading is pure luck but I would like to try it on the Currency exchange.
submitted by Big_nel68 to Currencycom [link] [comments]

Koinpro: Double Up Contract

Koinpro may be a new multi exchange but the developers and overall team pulling the strings on the platform are a savvy lot and experienced and technical know-how to handle the crypto market. With a wide variety of contracts and the ability to trade CFDs using Bitcoin, Koinpro is rapidly becoming a very popular and much-needed futures exchange.One of the main highlights of its features is the Double Up Double Up is more of a feature than a strategy, although you could refer to it as either a feature or a strategy. Until recently, it was alien to the Binary Options industry. Even, at this point, it is only available on a select number of enterprising brokers. ‘Double Up’ is exactly what the name suggests, doubling up your current position. The tool allows a trader to double the investment with the potential resultant effect of doubling the profits from a position at expiration of the contract. The Double Up tool, can therefore be seen as a tool that permits extensibility of your current trade like the “Extend/Rollover” and “Close Now” tools offered by brokers. How does Double Up Work in Binary Options? In general, to use the tool, you should be holding an in-the-money option, with decent time left before expiry, and then you can click on the double up feature (which is often a clickable tab selection on the Broker’s trading platform). By clicking on the feature, you double the potential liability and profit of your current position. Therefore, if you are in the clear when the contract expires, you will have double your initial profits, while the opposite is the case if the position ends out of the money. Nature of Double Up in Binary Options The feature is only available on the platforms of select brokers An option must be ‘in the money’ before the tool can be used Double Up can only be used at a certain point (usually within 5 and 10 minutes) prior to the contract’s expiration A Double Up position is opened at the market rate as at the time the tool is used. Hence, you could make double wins, double losses, or have contrasting results for the original contract and the newer double up contract. Like several innovative features in the financial markets, the Double Up tool may be a blessing or a curse depending on when and how it is used. This is because, while it is marketed as a profit-boosting tool, it can also be a loss-compounding tool.
https://koinpro.com/
https://bitcointalk.org/index.php?topic=5219842
submitted by redoc77 to ICOAnalysis [link] [comments]

MLM Business with Ethereum Dapp and Smart Contract

An MLM software company having more than 15 years of experience with a team of 20+ professionals who are experienced in providing software solutions for new trade around 44 countries.
An MLM programming bundle gave progressed on-line installment procedures is imperative for an MLM organization to maintain an undefeated system promoting business. Bitcoin Integrated MLM programming has extraordinary favorable circumstances nowadays.
Bitcoin trade assumes a critical part of the MLM business around the world. In the event that you have a startup in MLM industry, Our MLM bitcoin software will uncommonly helpful in working together over the world.
📷MLM software is backbone for success of any network marketing organization. It is suitable for both start-ups to mature direct selling companies. There are many mlm companies who are looking for way to succeed in their business. It’s hard to earn distributors and clients to sell your products and improve mlm business. MLM software focus on enrolling distributors and clients to your MLM Company to sell your products and services. This software has so many advantages for all kind of network marketing company. Our MLM software is dedicated to provide fast and reliable software solutions and services to mlm companies. It also focuses on changing distributor behaviour that drives productivity and retention. We are progressive company, identifies and adapting to new technologies in MLM business. We meet many unique challenges in this direct selling industry to create new solutions for our clients.Our team is completely dedicated to providing flexible, stable MLM Software to extend the MLM business concept to a huge success point. We also keep an eye on the latest technological developments so we can improve the MLM software with different latest features built into the Readymade MLM software. We always want to remind you of the most reliable software, data back-up, and support.📷

What is smart contract-enabled MLM?

A smart contract provides the most reliable and tenable structure for executing voluminous transactions without compromising speed or security. The tools and functions of the smart contracts make it an ideal option for any sort of task that involves the exchange of assets from one place to another. The synergy of the whole campaign can be tackled with this technology and it gives you various other benefits as well.
Integration of Smart Contract
When it comes to making smart contracts impeccable for your business, you need to take the forward approach and make the development process more strategic. With this open-source structure, you can bring about positive changes and make your business inclined towards revolutionary mechanisms like peer to peer architecture. It does not only rule out the chances of errors but also give you an upper-hand in operations. This technology helps in establishing a secure network between the end-users and wholesalers. Furthermore, the integration process gives you an insight into the precision of the transactions and it also makes the authorization techniques better.
The blend of Cryptocurrency and MLM
Cryptocurrency makes use of the distributed decentralized ledger and it also keeps you ahead in chasing profits through continuous trading sessions. The implementation and customizing of the strategy give you a systematic process and it makes your enterprise invulnerable to any sort of cyber hoax. While handling different projects, this solution helps you get conducive methods that keep you one step ahead. You can also start various other ventures that give you positive outcomes in every quarter.📷

Successful ventures that used a Crypto-MLM network:

Etrix.io
Etrix.io has built its network application that makes use of Ethereum and totally redefines the scope of smart contracts for its users. On its algorithm, the codes run in the most anonymous way and give you a chance to eliminate the chances of unauthorized sharing of information. It focuses on delivering fast transactions that help you enhance the income, it also facilitates the distribution of tokens among various members.
Forsage
This platform has been developed using an Ethereum-based MLM script that provides a 100% decentralized environment. It makes the most of smart contracts and gives you the leverage of the essential factors of the blockchain technology. By using this platform, you can get familiar with different plans such as Matrix, Binary, and Unilevel.
Some notable advantages of using Forsage Clone Script
Ethereums Cash
It was introduced as a website that allowed the establishment of the Ethereum network with smart contracts. On this platform, the users can use the essential merits of ETH to deliver a large number of transactions while lowering the risks involved in trading. Two types of wallets you can use on this website:
Million Money
It is a one-of-its-kind decentralized app that facilitates the transactions of digital assets using the Ethereum standard at its best. One of the benefits of using this platform is that the contracts cannot be changed. Moreover, the security aspects are unmatched and the amount of transactions you can execute is way better than many other similar platforms. Besides being open-source, it gives you many other advantages such as the auditing section and seamless transfers of coins from one wallet to another. On this platform, you get an ideal environment and productive condition for engaging in profitable buying and selling.
Doubleway
Doubleway has been providing a great range of features and tools to its users. It does not only create a productive environment, but it also succeeds in giving positive results in every single task. It keeps the transactions secure while keeping charges in check and assuring results that are affirming for both the parties involved. This is a platform that you can trust for executing a high volume of transactions sans being worrying about cost, security, or speed.

Advantages you get by blending MLM with Ethereum

Why choose us for Crypto MLM software development?

Crypto MLM Developer gives you premium services when it comes to adapting the power of crypto MLM, we enable your business to take forward steps using this technology at its best. Our developers have mastered Ethereum and can give you the most befitting Dapps as per the nature and needs of your business. We help you embrace this blended concept that renders the growth of the company easier than ever. The make the development of smart contracts and Ethereum Dapps most productive for every enterprise without raising the cost.

Key Features of Global MLM Software

Our software is packed with key advanced features to transform your business. The features and compensation rules can be customized according to your business needs

e-Wallet

The E-wallet plays the role of the virtual money where the members are capable of making transactions. All the incomes and expenses are stored in the form the virtual money.

Genealogy Tree

Genealogy Tree is a user-friendly approach to representing the down-line members under you. It describes of team structure in the form of a tree.

ePIN

Inbuilt e-PIN generator. Member can register using Epin and also Topup their wallet using Epin. Member can generate Epin from their wallet balance automatically

Rank & Rewards

Various Rank setting and Reward setting options to promote hard working affiliates. Level completion and Target Income can be configured depending on business plan.

User Management

Complete User management including user blocking, password reset, delete user, edit user, transfer user and many more. KYC Compliance is also Included.

CMS integration

CMS solves the painful task of updating the content everytime by providing a simple interface through which anyone who has basic computer skills can update content without much effort.

Multi Tier Security

Software includes Multi Tier Authentication machanism. This enables users access the application with peace of mind and perform online transactions.

Business Reports

Wide range of KPIs and reports generated for Business consumption. This enables business to take the appropriate business decisions based on market need.

E-commerce integration *

Global MLM solution can be integrated with E commerce plugins like Magento and Opencart. E commerce integration with your MLM software can take your business across continents.

Repurchase System *

Sell your products/services qith our software and share commission to members, Set per product commission, gap commission, level commission, BV and much more.

SMS Integration *

This is a free feature, where the members can be notified via SMS. The business team can set the SMS notification rules to notify users on different occasions

Payment Gateway *

Wide range of Payment Gateways to enable your users to pay you smoothly online. We offer Instamojo, Payumoney, Coinpayments, Paypal and Block.io.
submitted by ogsoftwaremalaysiakl to u/ogsoftwaremalaysiakl [link] [comments]

MLM Software with ethereum smart contract Dapp

An MLM software company having more than 15 years of experience with a team of 20+ professionals who are experienced in providing software solutions for new trade around 44 countries.
An MLM programming bundle gave progressed on-line installment procedures is imperative for an MLM organization to maintain an undefeated system promoting business. Bitcoin Integrated MLM programming has extraordinary favorable circumstances nowadays.
Bitcoin trade assumes a critical part of the MLM business around the world. In the event that you have a startup in MLM industry, Our MLM bitcoin software will uncommonly helpful in working together over the world.
📷 MLM software is backbone for success of any network marketing organization. It is suitable for both start-ups to mature direct selling companies. There are many mlm companies who are looking for way to succeed in their business. It’s hard to earn distributors and clients to sell your products and improve mlm business. MLM software focus on enrolling distributors and clients to your MLM Company to sell your products and services. This software has so many advantages for all kind of network marketing company. Our MLM software is dedicated to provide fast and reliable software solutions and services to mlm companies. It also focuses on changing distributor behaviour that drives productivity and retention. We are progressive company, identifies and adapting to new technologies in MLM business. We meet many unique challenges in this direct selling industry to create new solutions for our clients.Our team is completely dedicated to providing flexible, stable MLM Software to extend the MLM business concept to a huge success point. We also keep an eye on the latest technological developments so we can improve the MLM software with different latest features built into the Readymade MLM software. We always want to remind you of the most reliable software, data back-up, and support.📷

What is smart contract-enabled MLM?

A smart contract provides the most reliable and tenable structure for executing voluminous transactions without compromising speed or security. The tools and functions of the smart contracts make it an ideal option for any sort of task that involves the exchange of assets from one place to another. The synergy of the whole campaign can be tackled with this technology and it gives you various other benefits as well.
Integration of Smart Contract
When it comes to making smart contracts impeccable for your business, you need to take the forward approach and make the development process more strategic. With this open-source structure, you can bring about positive changes and make your business inclined towards revolutionary mechanisms like peer to peer architecture. It does not only rule out the chances of errors but also give you an upper-hand in operations. This technology helps in establishing a secure network between the end-users and wholesalers. Furthermore, the integration process gives you an insight into the precision of the transactions and it also makes the authorization techniques better.
The blend of Cryptocurrency and MLM
Cryptocurrency makes use of the distributed decentralized ledger and it also keeps you ahead in chasing profits through continuous trading sessions. The implementation and customizing of the strategy give you a systematic process and it makes your enterprise invulnerable to any sort of cyber hoax. While handling different projects, this solution helps you get conducive methods that keep you one step ahead. You can also start various other ventures that give you positive outcomes in every quarter.📷

Successful ventures that used a Crypto-MLM network:

Etrix.io
Etrix.io has built its network application that makes use of Ethereum and totally redefines the scope of smart contracts for its users. On its algorithm, the codes run in the most anonymous way and give you a chance to eliminate the chances of unauthorized sharing of information. It focuses on delivering fast transactions that help you enhance the income, it also facilitates the distribution of tokens among various members.
Forsage
This platform has been developed using an Ethereum-based MLM script that provides a 100% decentralized environment. It makes the most of smart contracts and gives you the leverage of the essential factors of the blockchain technology. By using this platform, you can get familiar with different plans such as Matrix, Binary, and Unilevel.
Some notable advantages of using Forsage Clone Script
Ethereums Cash
It was introduced as a website that allowed the establishment of the Ethereum network with smart contracts. On this platform, the users can use the essential merits of ETH to deliver a large number of transactions while lowering the risks involved in trading. Two types of wallets you can use on this website:
Million Money
It is a one-of-its-kind decentralized app that facilitates the transactions of digital assets using the Ethereum standard at its best. One of the benefits of using this platform is that the contracts cannot be changed. Moreover, the security aspects are unmatched and the amount of transactions you can execute is way better than many other similar platforms. Besides being open-source, it gives you many other advantages such as the auditing section and seamless transfers of coins from one wallet to another. On this platform, you get an ideal environment and productive condition for engaging in profitable buying and selling.
Doubleway
Doubleway has been providing a great range of features and tools to its users. It does not only create a productive environment, but it also succeeds in giving positive results in every single task. It keeps the transactions secure while keeping charges in check and assuring results that are affirming for both the parties involved. This is a platform that you can trust for executing a high volume of transactions sans being worrying about cost, security, or speed.

Advantages you get by blending MLM with Ethereum

Why choose us for Crypto MLM software development?

Crypto MLM Developer gives you premium services when it comes to adapting the power of crypto MLM, we enable your business to take forward steps using this technology at its best. Our developers have mastered Ethereum and can give you the most befitting Dapps as per the nature and needs of your business. We help you embrace this blended concept that renders the growth of the company easier than ever. The make the development of smart contracts and Ethereum Dapps most productive for every enterprise without raising the cost.

Key Features of Global MLM Software

Our software is packed with key advanced features to transform your business. The features and compensation rules can be customized according to your business needs

e-Wallet

The E-wallet plays the role of the virtual money where the members are capable of making transactions. All the incomes and expenses are stored in the form the virtual money.

Genealogy Tree

Genealogy Tree is a user-friendly approach to representing the down-line members under you. It describes of team structure in the form of a tree.

ePIN

Inbuilt e-PIN generator. Member can register using Epin and also Topup their wallet using Epin. Member can generate Epin from their wallet balance automatically

Rank & Rewards

Various Rank setting and Reward setting options to promote hard working affiliates. Level completion and Target Income can be configured depending on business plan.

User Management

Complete User management including user blocking, password reset, delete user, edit user, transfer user and many more. KYC Compliance is also Included.

CMS integration

CMS solves the painful task of updating the content everytime by providing a simple interface through which anyone who has basic computer skills can update content without much effort.

Multi Tier Security

Software includes Multi Tier Authentication machanism. This enables users access the application with peace of mind and perform online transactions.

Business Reports

Wide range of KPIs and reports generated for Business consumption. This enables business to take the appropriate business decisions based on market need.

E-commerce integration *

Global MLM solution can be integrated with E commerce plugins like Magento and Opencart. E commerce integration with your MLM software can take your business across continents.

Repurchase System *

Sell your products/services qith our software and share commission to members, Set per product commission, gap commission, level commission, BV and much more.

SMS Integration *

This is a free feature, where the members can be notified via SMS. The business team can set the SMS notification rules to notify users on different occasions

Payment Gateway *

Wide range of Payment Gateways to enable your users to pay you smoothly online. We offer Instamojo, Payumoney, Coinpayments, Paypal and Block.io.
submitted by MLMsoftwarecompanykl to u/MLMsoftwarecompanykl [link] [comments]

MLM Business with Ethereum Dapp and Smart Contract

An MLM software company having more than 15 years of experience with a team of 20+ professionals who are experienced in providing software solutions for new trade around 44 countries.
An MLM programming bundle gave progressed on-line installment procedures is imperative for an MLM organization to maintain an undefeated system promoting business. Bitcoin Integrated MLM programming has extraordinary favorable circumstances nowadays.
Bitcoin trade assumes a critical part of the MLM business around the world. In the event that you have a startup in MLM industry, Our MLM bitcoin software will uncommonly helpful in working together over the world.
📷MLM software is backbone for success of any network marketing organization. It is suitable for both start-ups to mature direct selling companies. There are many mlm companies who are looking for way to succeed in their business. It’s hard to earn distributors and clients to sell your products and improve mlm business. MLM software focus on enrolling distributors and clients to your MLM Company to sell your products and services. This software has so many advantages for all kind of network marketing company. Our MLM software is dedicated to provide fast and reliable software solutions and services to mlm companies. It also focuses on changing distributor behaviour that drives productivity and retention. We are progressive company, identifies and adapting to new technologies in MLM business. We meet many unique challenges in this direct selling industry to create new solutions for our clients.Our team is completely dedicated to providing flexible, stable MLM Software to extend the MLM business concept to a huge success point. We also keep an eye on the latest technological developments so we can improve the MLM software with different latest features built into the Readymade MLM software. We always want to remind you of the most reliable software, data back-up, and support.📷

What is smart contract-enabled MLM?

A smart contract provides the most reliable and tenable structure for executing voluminous transactions without compromising speed or security. The tools and functions of the smart contracts make it an ideal option for any sort of task that involves the exchange of assets from one place to another. The synergy of the whole campaign can be tackled with this technology and it gives you various other benefits as well.
Integration of Smart Contract
When it comes to making smart contracts impeccable for your business, you need to take the forward approach and make the development process more strategic. With this open-source structure, you can bring about positive changes and make your business inclined towards revolutionary mechanisms like peer to peer architecture. It does not only rule out the chances of errors but also give you an upper-hand in operations. This technology helps in establishing a secure network between the end-users and wholesalers. Furthermore, the integration process gives you an insight into the precision of the transactions and it also makes the authorization techniques better.
The blend of Cryptocurrency and MLM
Cryptocurrency makes use of the distributed decentralized ledger and it also keeps you ahead in chasing profits through continuous trading sessions. The implementation and customizing of the strategy give you a systematic process and it makes your enterprise invulnerable to any sort of cyber hoax. While handling different projects, this solution helps you get conducive methods that keep you one step ahead. You can also start various other ventures that give you positive outcomes in every quarter.📷

Successful ventures that used a Crypto-MLM network:

Etrix.io
Etrix.io has built its network application that makes use of Ethereum and totally redefines the scope of smart contracts for its users. On its algorithm, the codes run in the most anonymous way and give you a chance to eliminate the chances of unauthorized sharing of information. It focuses on delivering fast transactions that help you enhance the income, it also facilitates the distribution of tokens among various members.
Forsage
This platform has been developed using an Ethereum-based MLM script that provides a 100% decentralized environment. It makes the most of smart contracts and gives you the leverage of the essential factors of the blockchain technology. By using this platform, you can get familiar with different plans such as Matrix, Binary, and Unilevel.
Some notable advantages of using Forsage Clone Script
Ethereums Cash
It was introduced as a website that allowed the establishment of the Ethereum network with smart contracts. On this platform, the users can use the essential merits of ETH to deliver a large number of transactions while lowering the risks involved in trading. Two types of wallets you can use on this website:
Million Money
It is a one-of-its-kind decentralized app that facilitates the transactions of digital assets using the Ethereum standard at its best. One of the benefits of using this platform is that the contracts cannot be changed. Moreover, the security aspects are unmatched and the amount of transactions you can execute is way better than many other similar platforms. Besides being open-source, it gives you many other advantages such as the auditing section and seamless transfers of coins from one wallet to another. On this platform, you get an ideal environment and productive condition for engaging in profitable buying and selling.
Doubleway
Doubleway has been providing a great range of features and tools to its users. It does not only create a productive environment, but it also succeeds in giving positive results in every single task. It keeps the transactions secure while keeping charges in check and assuring results that are affirming for both the parties involved. This is a platform that you can trust for executing a high volume of transactions sans being worrying about cost, security, or speed.

Advantages you get by blending MLM with Ethereum

Why choose us for Crypto MLM software development?

Crypto MLM Developer gives you premium services when it comes to adapting the power of crypto MLM, we enable your business to take forward steps using this technology at its best. Our developers have mastered Ethereum and can give you the most befitting Dapps as per the nature and needs of your business. We help you embrace this blended concept that renders the growth of the company easier than ever. The make the development of smart contracts and Ethereum Dapps most productive for every enterprise without raising the cost.

Key Features of Global MLM Software

Our software is packed with key advanced features to transform your business. The features and compensation rules can be customized according to your business needs

e-Wallet

The E-wallet plays the role of the virtual money where the members are capable of making transactions. All the incomes and expenses are stored in the form the virtual money.

Genealogy Tree

Genealogy Tree is a user-friendly approach to representing the down-line members under you. It describes of team structure in the form of a tree.

ePIN

Inbuilt e-PIN generator. Member can register using Epin and also Topup their wallet using Epin. Member can generate Epin from their wallet balance automatically

Rank & Rewards

Various Rank setting and Reward setting options to promote hard working affiliates. Level completion and Target Income can be configured depending on business plan.

User Management

Complete User management including user blocking, password reset, delete user, edit user, transfer user and many more. KYC Compliance is also Included.

CMS integration

CMS solves the painful task of updating the content everytime by providing a simple interface through which anyone who has basic computer skills can update content without much effort.

Multi Tier Security

Software includes Multi Tier Authentication machanism. This enables users access the application with peace of mind and perform online transactions.

Business Reports

Wide range of KPIs and reports generated for Business consumption. This enables business to take the appropriate business decisions based on market need.

E-commerce integration *

Global MLM solution can be integrated with E commerce plugins like Magento and Opencart. E commerce integration with your MLM software can take your business across continents.

Repurchase System *

Sell your products/services qith our software and share commission to members, Set per product commission, gap commission, level commission, BV and much more.

SMS Integration *

This is a free feature, where the members can be notified via SMS. The business team can set the SMS notification rules to notify users on different occasions

Payment Gateway *

Wide range of Payment Gateways to enable your users to pay you smoothly online. We offer Instamojo, Payumoney, Coinpayments, Paypal and Block.io.
submitted by Mlmsoftwaremy to u/Mlmsoftwaremy [link] [comments]

Can someone help me please understand why Bitcoin is the future?

First, I would like to bow down to bitcoin volunteers, subreddit volunteers, satoshi nakamoto and everyone that is making this project possible. My post is not here to make anyone feel offended, please understand I am just trying to think and reason.

How is bitcoin the future?
So I hear a lot of people saying Bitcoin is the future. How is it the future when always it's tied to the cancer called fiat? "it just hit 10k" "moon" "lambo" On all exchanges you trade with cash, you need KYC and a BANK ACCOUNT.

How is bitcoin decentralized?
Mining power comes from Asia and Asia is known for the mecca of electronic chip manufacturing. See BitMain Technologies Holding Company. We don't have a big player outside of Asia that is making powerful chips like BitMain.

How is bitcoin low fee?
I head stories of a big exchange moving a huge amount of money for 0.70 cents in fees. Well to include my transaction in next block, I would have to pay $2.79. How is this a low fee?

How are you your own bank?
The wallet that you use is software. Say for example Electrum. How do I know the binary that I have downloaded from electrum website is not malicious? You could say PGP verify it! But PGP keys can be stollen and then used to sign malicious code.

How practical are physical wallets?
Say if you move from one country to another. You could easily be stopped and checked at the airport. "Bitcoin wallet eh? :)) Ok sir, that stays with me. Now run along and do your chores."

What advantageous does Bitcoin have vs cash in terms of privacy?
If you can't mine, you need to get bitcoin from somewhere and lets just say that using your local shady localbitcoins supply isn't an option. If you turn to an exchange, those coins can easily be mapped back to an identity so bitcoin is not private.

How is it the future when the adoption rate and usability is low?
If you want to do a transaction you need to wait for the software to sync and that takes a lot of time. You can't live off of bitcoin for instance in all the places of Europe. You can't pay a bill with bitcoin in all parts of Europe, can't buy food with it, can't pay doctors, lawyers, etc.
People are making lots of cash from speculations that they then put in fiat again. We have casinos, dice and so on but we don't have a real applicable day to day improvement.
Prepaid bitcoin card services still don't help because fees are the same as fiat and again, we associate bitcoin with cancer.

Again, not trying to be disrespectful or rude to anybody but I just don't get it why at the moment this is the future?
submitted by code_efficiently to Bitcoin [link] [comments]

MLM Business with Ethereum Dapp and Smart Contract

An MLM software company having more than 15 years of experience with a team of 20+ professionals who are experienced in providing software solutions for new trade around 44 countries.
An MLM programming bundle gave progressed on-line installment procedures is imperative for an MLM organization to maintain an undefeated system promoting business. Bitcoin Integrated MLM programming has extraordinary favorable circumstances nowadays.
Bitcoin trade assumes a critical part of the MLM business around the world. In the event that you have a startup in MLM industry, Our MLM bitcoin software will uncommonly helpful in working together over the world.
📷MLM software is backbone for success of any network marketing organization. It is suitable for both start-ups to mature direct selling companies. There are many mlm companies who are looking for way to succeed in their business. It’s hard to earn distributors and clients to sell your products and improve mlm business. MLM software focus on enrolling distributors and clients to your MLM Company to sell your products and services. This software has so many advantages for all kind of network marketing company. Our MLM software is dedicated to provide fast and reliable software solutions and services to mlm companies. It also focuses on changing distributor behaviour that drives productivity and retention. We are progressive company, identifies and adapting to new technologies in MLM business. We meet many unique challenges in this direct selling industry to create new solutions for our clients.Our team is completely dedicated to providing flexible, stable MLM Software to extend the MLM business concept to a huge success point. We also keep an eye on the latest technological developments so we can improve the MLM software with different latest features built into the Readymade MLM software. We always want to remind you of the most reliable software, data back-up, and support.📷

What is smart contract-enabled MLM?

A smart contract provides the most reliable and tenable structure for executing voluminous transactions without compromising speed or security. The tools and functions of the smart contracts make it an ideal option for any sort of task that involves the exchange of assets from one place to another. The synergy of the whole campaign can be tackled with this technology and it gives you various other benefits as well.
Integration of Smart Contract
When it comes to making smart contracts impeccable for your business, you need to take the forward approach and make the development process more strategic. With this open-source structure, you can bring about positive changes and make your business inclined towards revolutionary mechanisms like peer to peer architecture. It does not only rule out the chances of errors but also give you an upper-hand in operations. This technology helps in establishing a secure network between the end-users and wholesalers. Furthermore, the integration process gives you an insight into the precision of the transactions and it also makes the authorization techniques better.
The blend of Cryptocurrency and MLM
Cryptocurrency makes use of the distributed decentralized ledger and it also keeps you ahead in chasing profits through continuous trading sessions. The implementation and customizing of the strategy give you a systematic process and it makes your enterprise invulnerable to any sort of cyber hoax. While handling different projects, this solution helps you get conducive methods that keep you one step ahead. You can also start various other ventures that give you positive outcomes in every quarter.📷

Successful ventures that used a Crypto-MLM network:

Etrix.io
Etrix.io has built its network application that makes use of Ethereum and totally redefines the scope of smart contracts for its users. On its algorithm, the codes run in the most anonymous way and give you a chance to eliminate the chances of unauthorized sharing of information. It focuses on delivering fast transactions that help you enhance the income, it also facilitates the distribution of tokens among various members.
Forsage
This platform has been developed using an Ethereum-based MLM script that provides a 100% decentralized environment. It makes the most of smart contracts and gives you the leverage of the essential factors of the blockchain technology. By using this platform, you can get familiar with different plans such as Matrix, Binary, and Unilevel.
Some notable advantages of using Forsage Clone Script
Ethereums Cash
It was introduced as a website that allowed the establishment of the Ethereum network with smart contracts. On this platform, the users can use the essential merits of ETH to deliver a large number of transactions while lowering the risks involved in trading. Two types of wallets you can use on this website:
Million Money
It is a one-of-its-kind decentralized app that facilitates the transactions of digital assets using the Ethereum standard at its best. One of the benefits of using this platform is that the contracts cannot be changed. Moreover, the security aspects are unmatched and the amount of transactions you can execute is way better than many other similar platforms. Besides being open-source, it gives you many other advantages such as the auditing section and seamless transfers of coins from one wallet to another. On this platform, you get an ideal environment and productive condition for engaging in profitable buying and selling.
Doubleway
Doubleway has been providing a great range of features and tools to its users. It does not only create a productive environment, but it also succeeds in giving positive results in every single task. It keeps the transactions secure while keeping charges in check and assuring results that are affirming for both the parties involved. This is a platform that you can trust for executing a high volume of transactions sans being worrying about cost, security, or speed.

Advantages you get by blending MLM with Ethereum

Why choose us for Crypto MLM software development?

Crypto MLM Developer gives you premium services when it comes to adapting the power of crypto MLM, we enable your business to take forward steps using this technology at its best. Our developers have mastered Ethereum and can give you the most befitting Dapps as per the nature and needs of your business. We help you embrace this blended concept that renders the growth of the company easier than ever. The make the development of smart contracts and Ethereum Dapps most productive for every enterprise without raising the cost.

Key Features of Global MLM Software

Our software is packed with key advanced features to transform your business. The features and compensation rules can be customized according to your business needs

e-Wallet

The E-wallet plays the role of the virtual money where the members are capable of making transactions. All the incomes and expenses are stored in the form the virtual money.

Genealogy Tree

Genealogy Tree is a user-friendly approach to representing the down-line members under you. It describes of team structure in the form of a tree.

ePIN

Inbuilt e-PIN generator. Member can register using Epin and also Topup their wallet using Epin. Member can generate Epin from their wallet balance automatically

Rank & Rewards

Various Rank setting and Reward setting options to promote hard working affiliates. Level completion and Target Income can be configured depending on business plan.

User Management

Complete User management including user blocking, password reset, delete user, edit user, transfer user and many more. KYC Compliance is also Included.

CMS integration

CMS solves the painful task of updating the content everytime by providing a simple interface through which anyone who has basic computer skills can update content without much effort.

Multi Tier Security

Software includes Multi Tier Authentication machanism. This enables users access the application with peace of mind and perform online transactions.

Business Reports

Wide range of KPIs and reports generated for Business consumption. This enables business to take the appropriate business decisions based on market need.

E-commerce integration *

Global MLM solution can be integrated with E commerce plugins like Magento and Opencart. E commerce integration with your MLM software can take your business across continents.

Repurchase System *

Sell your products/services qith our software and share commission to members, Set per product commission, gap commission, level commission, BV and much more.

SMS Integration *

This is a free feature, where the members can be notified via SMS. The business team can set the SMS notification rules to notify users on different occasions

Payment Gateway *

Wide range of Payment Gateways to enable your users to pay you smoothly online. We offer Instamojo, Payumoney, Coinpayments, Paypal and Block.io.
submitted by cryptosoftmalaysiakl to u/cryptosoftmalaysiakl [link] [comments]

Binary Options - When to Enter Trades Binary Options Trading for Beginners - Simple Step by Step Binary Options Tutorial How to trade Forex and Binary Options for dummies How to Trade Binary Options Successfully 2020 Binary Options- A Live Trade Explained

The foreign exchange market (forex) is the world's most liquid and most traded market, where trades worth trillions are completed each day. Forex trading involves buying one currency and selling another currency at the same time. This is why you always see them quoted in pairs. For example: EUR/USD and GBP/USD. A binary option is a fast and extremely simple financial instrument which allows investors to speculate on whether the price of an asset will go up or down in the future, for example the stock price of Google, the price of Bitcoin, the USD/GBP exchange rate, or the price of gold. Exchange traded binary options. Especially in their early days, OTC binary options came under scrutiny in some quarters, not least because regulatory bodies appeared uncertain on whether to treat them as a product to be regulated as a form of gaming or as a financial product. While exchange traded binary options are settled against the United States Exchanges, the OTC binary options are largely online and settled against the Broker. If you reside in Europe, you can only go with Ayrex Jul 16, 2020 · Binary option is one of the newest but fast becoming the most popular derivative and over the counter product in the Binary Options and Regulation . Binary options occasionally trade on platforms regulated by the Securities and Exchange Commission (SEC) and other regulatory agencies, but most binary options

[index] [15699] [22998] [14776] [3930] [7013] [29605] [5562] [30375] [29343] [4209]

Binary Options - When to Enter Trades

bitcoin exchange usd to bitcoin bitcoin wallet bitcoin miner bitcoin calculator ... The Best Binary Options Trading Strategy - Here's how I trade Binary Options - Duration: 15:46. Binary.com is an online trading platform that allows you to trade binary options 24/7, even on weekends. Binary.com was established in 1999 under the brand name BetOnMarkets.com before rebranding ... Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can ... Risk Disclaimer for Forex Trading Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. ... Forex Trading/Binary Options- Pin Reversal ... Risk Disclaimer for Forex Trading Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. ... Why Binary Options, Forex And Options Trading ...

Flag Counter