Ethereum Merge & the Future of ETH Proof-of-Work

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Ethereum’s Merge is the latest narrative in the blockchain and crypto industry, taking up more and more of investors’ contemplations and raking up greater uncertainty about the future. Characteristically defined as Ethereum’s move away from a consensus mechanism driven by proof-of-work (PoW) to one driven by proof-of-stake (PoS), the transition has stirred up varying actions and reactions. Is this the end of an era, the cusp of standardization in the crypto industry, or a tumble down the rabbit hole?

The Merge, otherwise known as the coming of Ethereum 2.0, is imminent and anticipated to revolutionize Ethereum’s ecosystem. The migration from PoW to PoS will not only open up more doors for users to earn tokens; it will also amplify ETH’s usability, improve the blockchain’s scalability, and make it more secure.

But the past is a foreign country and the future is even more unfamiliar. Therefore, mixed in with the expectation of PoS benefits is a shedload of worries. Will the new system of Ethereum cryptocurrency jettison mining opportunities? And if it does, what is the future of the current PoW protocol?

Vestiges of the Past and Vanguards of the Future

Considering that Ethereum is a leading crypto chain, its anticipated exodus from PoW to PoS is very likely to impact the entire crypto industry. Faced with the imminent migration, users are asking, “Can I mine Ethereum after the Merge?” and, “what will change after the Ethereum Merge?”

Regarding whether the new framework for the Ethereum cryptocurrency will jettison mining and PoW altogether, the answer is not certainly yes. Yes, the Merge is a watershed event that will likely chuck the crypto industry from the position of instability and uncertainty that currently characterize it. But there are bound to be vestiges of the old system that will continue to work, at least until the PoS protocol is fully and irreversibly implemented.

Certainly, with the Post-Merge, the Surge, the Verge, the Purge, and the Splurge in view, it is a golden age for some users. Despite the nebulous outline of the future of PoS, a fraction of Ethereum’s user community is confident in the evolution of blockchain’s architecture. So, for the fraction that is still hesitant about joining the PoS wagon, will it be the Blue pill or the Red pill?

Perhaps a bit of information will help users decide, not that user decisions will forestall the release of Ethereum 2.0.

The Merge

The Merge centers around Ethereum’s PoW protocol fusing with Beacon Chain’s PoS system to create one new PoS framework. The product of this fusion is a consensus mechanism that promotes all-around user participation and greater decentralization than the current framework of PoW can provide. In short, the Merge is all about Ethereum’s protocol redesign which allows token holders to earn a bit extra as transaction validators provided that they are willing to stake their assets with the network.

So, apart from the advertised pros of the Merge for users, what is the rationale for the movement from PoW to PoS? The most frequent justification offered in response to such inquiries is that PoS is more environmentally friendly. Therefore, the protocol is safer regarding the principles of sustainable development. Also, the move will put the crypto industry under the spotlight, this time for good. Also, transactions on the chain will be faster and more secure.

In short, Ethereum’s Merge is a leading-edge upgrade that can define the direction of blockchain tech for the next decade or more. Better yet, the Merge will redefine the hitherto dilatory expedition towards genuine peer-to-peer transactions, smart contracts, and all the other trappings of the blockchain-enabled utopia.

Between PoW and PoS

At the heart of Ethereum’s Merge narrative are the PoW and PoS consensus mechanisms. These are trade protocols that indicate who validates records of transactions and how. In PoW, the system allocates rewards to miners based on how much computational power they can commit to the system to validate transactions and create new ETH. On the contrary, PoS involves the system randomly selecting users to do the same thing, except without conditions on computational might.

So, with PoW, miners earn validation rewards based on their mining work. Thus, more mining equals more rewards since the mechanism requires miners to solve cryptographic puzzles to validate blocks, thereby creating more tokens for use and distribution, and getting clearly preset rewards. In contrast, validators on the PoS framework earn rewards based on how much ether they've staked. The higher the stake, the higher the rewards.

Responsive Market Conditions, Miners’ Optimism, and Unshakeable Tokens

So far, even though the Merge is yet to be implemented in its entirety, there are indications that post-Merge market and trading conditions will rattle things up a bit. This is already the case with the reports that adaptive Merge models are up and running. These reports are driving the crypto market and are expected to continue to do so. ETH is already up and growing, and smart traders and investors are taking positions foreseen to yield significant returns in light of the murky PoW-PoS scrimmage.

With every gain on ETH in response to the exodus to ETH PoS, some miners are strengthening their resolve to stick around after the Merge occurs. These are the miners that will likely go on accepting and validating transactions despite knowing that these transactions may turn out to be ghost variations of the real thing that is happening over at the PoS side of the Ethereum bench. After all, even though the Ethereum PoW algorithm may continue to recognize their work to add new blocks to the network, the tokens they get in return will likely go SNAP! after the Merge.

Then there is the matter of the ETH PoW tokens. The future of these is also unclear. There are indications that Ethereum developers will create parachains to serve as the bridge between PoW and PoS. Maybe (and this is a big "Maybe") popular applications like Metamask will allow the full integration of tokens from both chains, thereby preventing the Ethereum ecosystem from divesting users of access to PoW tokens.

The future of the Ethereum mining pool is also subject to much scrutiny with most experts expecting the spotlight to shift to staking pools.

The Left-Behind Narrative for PoW Miners

One of the foremost knock-on effects of the Merge and an indication of the future of ETH PoW is the changing status of miners. From being the core component of the PoW engine to unusable appendages in the PoS framework, the traditional concept of crypto mining has been effectively tossed aside.

Miners will have a lot of hardware and software just lying around, all rendered useless as a result of the Merge. One recent report has it that Ethereum miners have spent around $15 Billion on GPUs in the last 18 months, not counting other mining gear. So that puts the loss in perspective.

Unsurprisingly, ETH miners are having to appeal to investors regarding the benefits of PoW—or the reason the Ethereum network should be pressed into integrating PoW tokens into the new system. But most of the Ethereum leaders have already moved on. Returning to PoW would take more than just user persuasion unless spent resources can be revived in one way or another.

The Duality of Risk and Opportunities for Ordinary Users

Undoubtedly, ordinary members of the Ethereum community whose circumstances made them into professional miners will have to bear their losses. The war-besieged Ukrainians making an honest living from mining top this category of users. So, the uncertainty about their future on the blockchain grows progressively overwhelming with new reports of the Merge.

Of course, these users can simply become validators if they are willing to stake tokens. This will save them the use of complex and advanced machinery and software, such as mining rigs and GPUs. So, there are scores of opportunities for users on ETH PoS, as long as they are willing to commit to it.

(And what about the expensive hardware they will now no longer need? Well, there's a thriving secondary market for computer components.)

Moreover, the difficulty bomb built into the PoW protocol is a very effective incentive for everyone to migrate to the PoS chain or get infinite-degree burns. The bomb is a code that slows down PoW Ethereum to a point where it's practically unusable. Moreover, removing it from the network is easier said than done.

Therefore, miners intending to stick with ETH PoW indefinitely will have to face the music, unless the Ethereum network agrees to assign skilled developers to sustain the PoW framework. But that is most likely out of the question.

In fact, for those who wish to die on the PoW hill, there's already a PoW alternative—Ethereum Classic (ETC). Perhaps they could join that breakaway network and become validators. But then, the niche status of ETC is perhaps a pointer to the general apathy of crypto investors, developers and users towards PoW-powered blockchains. Ethereum’s status as the first smart contracts platform made it an exception but its founders and developers always intended to move in a different direction entirely. Now that day is here.

On the Anticipated Efficiency and Performance of the PoS Chain

Many users and analysts anticipate great things from the Merge and the consequent use of the ETH PoS Chain. For one, the Chain is expected to offer increased stability since the system will issue fewer ETH and smaller block rewards. Furthermore, the Merge will likely increase user participation in all things Ethereum, stimulate high-volume trading interests in basic users, and steady bustle and doings all across the network.

Also, the Merge is expected to boost Ethereum’s security and scalability. Transactions will be faster, reaching 100,000 transactions per second. This will also set the stage for the forthcoming quadripartite era of the Surge, the Verge, the Purge, and the Splurge, all of which will drive Ethereum’s fully decentralized future operations. Buy Ethereum (ETH)

And then there's the very real energy consequences of moving from PoW to PoS. The Merge will eliminate mining from Ethereum, reducing the network's electricity consumption by 99 percent. That's a mammoth figure and will usher the ETH network into the community of energy-efficient blockchains.

The Merge and User Tokens

Now let's talk about the effects of the upcoming transition on the blockchain's token, ether, held by miners and ordinary traders and investors. What happens to the tokens on cryptocurrency exchanges, decentralized wallets, and offline ledgers?

As of right now, there's no certainty.

Because ETH 2.0 or the Merge is a hard fork, support and development will migrate to the new network. This means PoW Ethereum will be stripped of significant developer and infrastructural and community support—all significant drivers of a viable cryptocurrency.

Regarding the ETH tokens held on exchanges and elsewhere, what will happen precisely remains a mystery. There's currently no consensus although the position of the Ethereum foundation remains that all users and holders migrate to ETH PoS tokens and depreciate the old ETH PoW coins.

How exchanges will handle this transition is a fascinating subplot. Some, like Binance, said they will evaluate the support and withdrawal of the forked tokens before adopting a firm stance. This means that if there's significant activity with forked PoW ETH coins, Binance might decide to list and support it alongside the new ETH PoS.

Poloniex, an exchange owned by Justin Sun, Tron founder and holder of 1 million ETH tokens, claimed that it would list ETHw and ETHs. Another exchange, BitMex has gone even further to suggest it will enable leverage trading for whatever the eventual PoW ETH token turns out to be.

What seems certain is that some exchanges will airdrop new ETHw tokens to holders of ETHs. Perhaps, some will give users on their platforms an option to either keep their old ether or migrate to a forked ETHw.

It's important to note that the ETH already on exchanges won't be affected in any way. Normal traders don't need to do anything. The Merge simply transfers the whole Ethereum mainnet data to the new PoS chain. Tokens already issued will remain valid and users can hold, stake or trade their ether (and all ERC-20 tokens) as normal.

Those who keep their ETH coins off centralized exchanges like Binance, Coinbase and Kyrrex crypto are able to move their ether to the new PoS blockchain via a one-way bridge if they wish to participate in validating the network.

ETH holders who just wish to hold their tokens offline or off-exchange don't need to do anything. Eventually, the old ETH will be merged with ETH PoS and they'll be able to perform transactions and use dApps as usual on the new Ethereum chain.

The Merge: An Overview of Sour and Great Expectations

In brief, the Merge presents a duality of risks and opportunities for crypto traders and investors on the Ethereum network. With the era of miners drawing to a close, validators are the new gods of the system. But these gods are very likely to be few considering that a staking fee of 32 ETH (or $65,800 based on current market conditions) is required to join the validator’s club.

Also, several analysts have noted that the Merge will engineer the perfect landing dock for centralization. After all, considering the expensive entry free to the validator’s club, big holders will be able to set up shop in the new chain ahead of everybody else. And if there are no regulations against this obvious gap for governance manipulation, then the sermonized narrative of full decentralization is poppycock.

On the positive side, despite the drawbacks of the Merge as to the staking fee, would-be validators with no access to 32 ETH can still make the most of the PoS chain by contributing to staking pools owned by actual validators, thereby qualifying for rewards themselves. This is only one of the multiple ways in which the Merge will offer users more breadth to benefit from the Ethereum network.

Meanwhile, the Merge is a golden opportunity for brave software developers and project concept managers. After all, the migration from PoW to PoS has opened a large market for business development, software creation, and more.

With these implications of Ethereum’s Merge, the future of ETH PoW appears to be set in stone—it won't have one. Since the PoS protocol is the next step in the evolution of blockchain tech, users have no other choice but to join the wagon, trusting that the new protocol satisfies the conditions for Satoshi Nakamoto’s dream of a stress-free and enabling trade/financial system.

All in All

If Vitalik Buterin is serious and Ethereum will keep overshadowing every other network, then the Merge is only the first of several developments to come. There is still the Surge, the Verge, the Purge, and the Splurge, which will join up with the Merge’s 55% to reach Ethereum’s envisioned ideal.

If there is even the distinct possibility that ETH PoS will eventually and completely swallow up ETH PoW, especially with the difficulty bomb that makes mining progressively impossible, then there is no future for ETH PoW. Then again, nothing is ever cut-and-dried in the march of technological progress.

Overall, outside the costs of Ethereum users migrating their assets from the PoW chain to the PoS chain, the Merge seems to be a good idea. It could herald the next cycle of blockchain evolution, but it has certainly fired up Ethereum’s intended advancement.

About Kyrrex

Kyrrex is a multifunctional professional platform for trading and storing cryptocurrencies

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How to Earn Crypto Trader Certificate

Are you intrigued by the world of cryptocurrency trading and its potential for lucrative returns? If so, obtaining a crypto trader certificate can open doors to exciting opportunities and help you stand out in this competitive industry. In this blog post, we’ll guide you through the process of “how to earn crypto trader certificate”, discuss the benefits and types of certifications, and provide insights on top certification programs. Let’s embark on this journey to become a certified crypto trader and unlock new possibilities in the dynamic world of digital assets.

Key Takeaways

  • Crypto trader certifications equip professionals with knowledge and skills related to trading strategies, market analysis, and risk management techniques.
  • Benefits of a crypto trader certificate include enhanced credibility and networking opportunities for career advancement in the cryptocurrency market.
  • To maintain certification status it is necessary to adhere to recertification requirements such as demonstrating continued professional development, taking additional courses, attending workshops, etc.

Understanding Crypto Trader Certifications

Crypto trader certifications are designed to equip professionals with the knowledge and skills needed to excel in the cryptocurrency trading landscape. They typically focus on trading strategies, market analysis, and risk management techniques, ensuring that certified traders are well-versed in the fundamentals of cryptocurrency and its associated market dynamics.

Certifications not only provide a competitive edge in the job market, but also help individuals make informed decisions when trading cryptocurrencies. Renowned certification programs, such as the Blockchain Council and the Cryptocurrency Certification Consortium, are recognized worldwide and cater to various cryptocurrency transactions and trading activities.

Types of Crypto Trader Certificates

Crypto trader certificates cater to different levels of expertise and focus on specific aspects of cryptocurrency trading. For instance, some certifications may concentrate on blockchain technology, while others may emphasize cryptocurrency trading strategies or risk management.

Moreover, certain programs offer specialized courses tailored to a particular programming language or developer specialization, such as smart contracts or decentralized applications. When selecting a certification program, identifying your goals and desired area of expertise is key to ensuring a comprehensive learning experience that aligns with your objectives.

Benefits of Earning a Crypto Trader Certificate

Earning a crypto trader certificate comes with numerous benefits. Increased credibility and recognition in the cryptocurrency industry are significant advantages, as certified traders demonstrate their expertise and capabilities.

Furthermore, a crypto trader certificate can unlock new career prospects and provide valuable networking opportunities with industry leaders and fellow traders. Obtaining a certificate can be a stepping stone towards a successful career in cryptocurrency trading, especially as the cryptocurrency market continues to evolve, necessitating up-to-date knowledge on the latest trends and best practices.

Path to Becoming a Certified Crypto Trader

The journey to becoming a certified crypto trader involves several steps. Firstly, you must select the right certification program based on your goals, experience, and desired area of expertise within cryptocurrency trading. Before making a decision, consideration should be given to the program’s reputation, cost, and the type of certificate it offers.

Next, you must prepare for the certification exam by taking relevant courses, attending workshops, and gaining practical experience in cryptocurrency trading. Finally, you need to successfully pass the certification exam to demonstrate your proficiency in cryptocurrency trading and earn the coveted crypto trader certificate.

1. Choosing the Right Certification Program

When selecting a certification program, it is important to consider factors such as the program’s objectives, your background, and your desired field of expertise in cryptocurrency trading. Some popular certification programs include the Blockchain Council Certified Crypto Trader (BCCT) and the Certified Crypto Trader (C4), which provide comprehensive knowledge of cryptocurrency trading and investing.

Keep in mind that the certification process usually involves a cost, and financial aid may not be available for non-degree programs or individual courses. Therefore, it is essential to weigh the potential benefits of the certification against the costs and choose a program that suits your needs and budget.

2. Preparing for the Certification Exam

Preparing adequately for the certification exam is of utmost importance. This involves reviewing the material covered in your chosen program, practicing with sample questions, and becoming familiar with the exam format.

Additionally, it is beneficial to gain practical experience in cryptocurrency trading, financial trading, stock markets, and managing digital assets by engaging in simulated trading activities provided by some cryptocurrency exchanges or utilizing demo accounts or paper trading platforms.

In the ever-evolving cryptocurrency trading landscape, continuing education and professional development remain pivotal. Enrolling in advanced courses and workshops, attending conferences, and staying updated on industry trends can help you maintain your expertise and stay ahead of the curve.

3. Taking and Passing the Certification Exam

The format of the Crypto Trader Certification Exam may differ depending on the organization providing the certification. It may include multiple-choice and true/false questions, as well as multiple select questions. The number of questions can range from 30 to 100, and the duration of the exam can range from 20 minutes to several hours. Reviewing the details of the certification exam you are interested in is of prime importance.

To pass the certification exam, you must be adequately prepared and knowledgeable in the topics included in the exam. This involves reading the instructions carefully and answering the questions accurately. Successfully passing the exam demonstrates your proficiency in cryptocurrency trading and earns you the crypto trader certificate.

Top Crypto Trader Certification Programs

Several top crypto trader certification programs offer comprehensive and industry-recognized certifications. These programs, such as the Blockchain Council and C4, provide in-depth knowledge of cryptocurrency trading, blockchain technology, and digital currency trends.

Each certification program caters to different aspects of cryptocurrency trading and technology, ensuring that there is a suitable option for everyone, regardless of their experience level or area of interest. In the following sections, we will delve into the details of some of the most popular certification programs.

1. Blockchain Council

The Blockchain Council offers the Certified Cryptocurrency TraderTM (CCT) certification, which covers the following topics:

  • Advanced trading strategies
  • Market analysis
  • Risk management techniques
  • Blockchain fundamentals
  • Smart contracts
  • Distributed ledger technology
  • Cryptocurrency trading

This comprehensive certification program provides a solid foundation for both beginners and experienced traders, helping them gain the necessary skills and knowledge to excel in the cryptocurrency trading landscape. With the CCT certification, traders can showcase their expertise and capabilities, giving them a competitive edge in the industry.

2. C4

C4, or the Cryptocurrency Certification Consortium, offers various certifications catering to different aspects of cryptocurrency trading and technology. The Certified Bitcoin Professional (CBP) certification evaluates professionals’ understanding of cryptocurrency trading and investing, while the Certified Ethereum Developer (CED) certification assesses professionals’ knowledge of Ethereum development.

These certifications not only provide credibility and recognition in the cryptocurrency industry, but also unlock new career prospects and networking opportunities. Pursuing a C4 certification can be an excellent investment for those looking to advance their career in the rapidly evolving world of cryptocurrencies.

3. Other Notable Certification Programs

In addition to the Blockchain Council and C4 certification programs, there are other notable certification programs that offer specialized courses and certifications in areas such as blockchain development, security, and compliance, as well as blockchain technologies. Examples include the Cryptocurrency Certification Program from MIT and the Certified Cryptocurrency Trader (CCT) certification by the Blockchain Council.

These programs provide comprehensive education and certifications in various aspects of cryptocurrency trading and technology, ensuring that there is a suitable option for every aspiring crypto trader. No matter your experience level or area of interest, there is a certification program designed to help you succeed in the world of cryptocurrency trading.

Enhancing Your Crypto Trading Skills

As a certified crypto trader, continually improving your trading skills and staying updated on the latest industry trends and best practices is key. This involves taking advanced courses and workshops, as well as engaging in networking and community involvement.

By actively participating in the crypto trading community and staying informed about new developments in the crypto markets, you can refine your trading strategies, identify market opportunities, and ultimately, achieve greater success in your trading endeavors.

Advanced Courses and Workshops

Advanced cryptocurrency courses and workshops provide in-depth knowledge and practical skills in specific areas of cryptocurrency trading, such as algorithmic trading and technical analysis. Understanding cryptocurrency fundamentals is crucial for success in this field. For example, Udemy’s Algorithmic Cryptocurrency Trading course consists of 2.5 hours of on-demand video, one article, and 13 downloadable resources, offering a comprehensive learning experience for traders looking to enhance their skills.

Participating in advanced courses and workshops can offer several benefits.

  • Staying informed about the latest trends and advancements in the crypto trading domain
  • Gaining valuable knowledge and skills to enhance your trading strategies
  • Accessing expert guidance and insights from industry professionals
  • Networking with other traders and industry professionals, which can contribute to your career advancement.

These opportunities in decentralized finance can help you stay ahead in the ever-evolving world of crypto trading.

Networking and Community Involvement

Staying informed about the latest developments in the cryptocurrency trading industry and sharing knowledge with fellow traders is greatly facilitated by networking and community involvement. Some popular resources for networking and community involvement include:

  • BIC Telegram
  • Crypto communities
  • Crypto Discords
  • Wolf of Trading
  • Crypto University

To effectively utilize networking and community resources, it is essential to be actively engaged. This includes participating in conversations, inquiring about relevant topics, and contributing your expertise. By connecting with industry professionals and staying informed about the latest trends, you can continuously improve your trading performance and achieve greater success in the crypto trading landscape.

Maintaining and Renewing Your Crypto Trader Certificate

To demonstrate your continued professional development and expertise in cryptocurrency trading, maintaining and renewing your crypto trader certificate is vital. This involves meeting recertification requirements, which typically vary depending on the certification program.

Engaging in ongoing professional development, in addition to meeting recertification requirements, is key to staying current in the rapidly evolving cryptocurrency trading landscape. This includes attending conferences and workshops, participating in relevant online forums and communities, and staying updated on industry trends and best practices.

Recertification Requirements

Recertification requirements vary depending on the certification program, but typically involve:

  • Demonstrating continued professional development and expertise in cryptocurrency trading
  • Taking additional courses
  • Attending workshops
  • Engaging in professional development activities relevant to cryptocurrency trading.

It is essential to refer to the specific certifying organization for detailed requirements to ensure you are fulfilling all the necessary requirements for maintaining and renewing your Crypto Trader Certificate.

Ongoing Professional Development

Ongoing professional development plays a critical role in staying up-to-date with the latest trends and advancements in the crypto trading domain. This includes:

  • Following reliable cryptocurrency news websites and blogs
  • Engaging in online communities and forums dedicated to cryptocurrency trading
  • Tracking influential figures in the crypto industry on social media platforms such as Twitter

Additionally, attending conferences and workshops can provide valuable insights into the latest trends and advancements in the crypto trading industry, as well as networking opportunities with other traders and industry professionals. By staying informed and actively participating in the crypto trading community, you can continue to hone your skills and excel in your trading endeavors.

Summary

In conclusion, earning a crypto trader certificate can provide you with the knowledge and skills needed to excel in the dynamic world of cryptocurrency trading. By selecting the right certification program, preparing for the exam, and staying updated on industry trends and best practices, you can unlock new career prospects and achieve success in this exciting domain. So, are you ready to embark on the journey to becoming a certified crypto trader and unlock the doors to new opportunities?

Frequently Asked Questions

Q1: What qualifications do you need to be a crypto trader?

To be a successful crypto trader, you need both technical and analytical skills, as well as knowledge of the cryptocurrency industry. You should have good communication skills, be able to develop strategies and be comfortable with risks.

Q2:Do you need a license to be a crypto trader?

Yes, you need a license to be a crypto trader as crypto businesses and exchanges need one to comply with relevant laws and regulations, establish customer trust, and expand their services.

This license is necessary to ensure that the crypto business is operating legally and ethically, and that customers are protected from any potential fraud or manipulation. It also helps to build trust in the crypto industry, as customers can be sure that the business is legitimate and trustworthy.

Q3:Are there certifications for cryptocurrency?

Yes, there are certifications for cryptocurrency, such as the Cryptocurrency Certification Consortium (C4) and the Certified Cryptocurrency ExpertTM (CCE).

These certifications provide users with unbiased education and training on cryptocurrencies to help them negotiate the space safely.

Q4:Where is the easiest place to get a crypto license?

Malta is considered the easiest place to get a crypto license, as it has a favorable regulatory environment and was one of the first to adopt regulations for blockchain and cryptocurrencies.

Additionally, it offers several advantages such as tax breaks and easy licensing.

Q5:What are the benefits of obtaining a crypto trader certificate?

A crypto trader certificate provides enhanced credibility, better job opportunities and a network of industry contacts, making it an attractive prospect for crypto traders.


#Cryptocurrency market
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Kyrrex Teams up With Vireye to Enhance the Gaming Experience

Kyrrex is happy to announce the next joint project with Vireye. This collaboration aims to redefine the gaming economy by integrating cutting-edge crypto technologies and modern play-to-earn concepts. Kyrrex will facilitate the first withdrawal of tokens within HamstaParty, a casual competitive game designed to elevate the overall experience. The synergy between Kyrrex's secure and efficient crypto platform and Vireye's vision for a dynamic ecosystem creates an unprecedented opportunity for gamers.

HamstaParty is available on iOS and Android.

Unique Experience for Everyone

HamstaParty is a fun journey into the vibrant Hamsta World. This game offers a diverse range of activities suitable for all ages. Set in a bustling hamster town, players can customize their adorable characters with unique skins, adding a personalized touch to their experience.

Each HamstaParty match is a quick and engaging burst of excitement, lasting under 90 seconds. The game's simplicity and intuitive design, coupled with a fresh approach to prize distribution, ensure that every player has an equal chance to win. Vireye is rapidly expanding the number of mini-games. The current roster includes HamsterRunner and HamstaDodger, with two additional games, Hamsta Jumper and Hamsta Grounds, set for release by early 2024.

Try 'Fun and Earn' with Kyrrex

HamstaParty's mission revolves around the concept of 'Fun and Earn.' Initially, players enjoy a well-spent time, victories in collecting Golden Beans, and unique character customization. Over time, this evolves into a compelling source of earnings. At the core of HamstaParty is its unique currency ecosystem, featuring Beans and Golden Beans:

  • Beans. The primary in-game currency for playing mini-games and purchasing common skins and accessories.
  • Golden Beans. The exclusive currency offers special features such as entry to Hard mode contests and acquisition of high-tier limited items.

Developers create an infrastructure that allows players to exchange Golden Beans for partner project tokens. Now is the opportune moment to become an Early Bird and join the game as it gradually builds its audience. Players can play and earn Golden Beans through various in-game activities, turning it into an exciting play-to-earn venture.

Obtaining Golden Beans is possible through daily bonuses, winning duels, competitions, community participation, testing, and completing special tasks. The first withdrawal of Golden Beans to partner tokens is imminent, facilitated by Kyrrex, with the drop costing $5,000, open to all participants. Negotiations are underway to enable the future exchange of Golden Beans for KRRX tokens without restrictions.

Stay tuned for more information about HamstaParty! Follow Kyrrex on social media to get the latest news about its projects! Join Discord.


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Kyrrex's Partner Bidsbee Launching Its Services

Crypto trading has always been a privilege for experienced traders with high-risk appetites, however, the times have changed, and new services come into existence that serve both professional traders and provide access to the world of crypto trading for newbies.

Bidsbee, Our Partner Platform for Social Crypto Trading, Is Going Live

Bidsbee, our partner platform for trading crypto, is one of such services, and it has gone live. The Bidsbee founders and investors believe that all the benefits of crypto trading shall be accessible to anybody independently of their knowledge and experience. To make it happen, the platform offers such benefits as:

  • An opportunity to manage all CEX accounts in a single place.
  • Complementing the basic CEX functionality by adding an extensive range of instruments and enabling expert traders to benefit in any market conditions.
  • Allowing beginners to leverage the expertise of professionals by copying their trades.
  • Accurate and consistent statistical data and alerts for a more systematic approach to trading.

Along with extensive functionality and easiness of use, Bidsbee offers all willing to learn more about crypto trading an extensive section of educational materials and guides. With it, the team aims to popularize crypto trading and speed up the mass adoption of crypto.

Trading in a Non-custodial Environment

Bidsbee doesn’t store users’ funds, nor does it require them to pass a KYC process. The platform applies the strongest security measures to ensure that all users’ API keys are safe, and funds are secured.

Thus, traders can focus on their trading activities and earning while Bidsbee takes care of the safest environment for doing so.

Crypto Trading Made Accessible to Anybody

With Bidsbee, trading stops being an area for selected ones. The platform launches the Copy Trading functionality for those who prefer relying on the expertise of professionals, and those who want to test their strategy or try themselves in trading without losing funds, trading with a virtual balance is available.

Bidsbee Functionality

1. Copy Trading

The Copy Trading functionality is developed for beginners and those traders who cannot monitor the market constantly but instead, prefer to rely on the expertise of their colleagues.

To start copying the selected trader’s orders, one shall perform the following steps.

  • Create an account on Bidsbee.
  • Connect the accounts on CEXes to Bidsbee by using API keys.
  • Select a trader whom one wants to copy, and subscribe to.

Once done, the orders of the selected trader will be copied to the subscriber’s account. It is possible to unsubscribe from a trader at any time, and new orders won’t be copied.

The Copy Trading functionality delivers benefits not only to beginners but also to professional traders. Those can open a Public Trader account and let others subscribe to them thus getting additional income.

2. Crypto Terminal

Aiming at providing the top opportunities for traders with any experience and knowledge level, Bidsbee offers an ultimate Crypto Trading Terminal created by traders for traders. A comprehensive set of trading instruments, the widest range of order types, and the use of elaborate trading algorithms promise to bring crypto trading to a qualitatively new level.

3. Crypto Signals

Leveraging all the opportunities that the crypto market offers is impossible without reliable and consistent signals. Traders can choose and set up the crypto signals as per their needs and receive them directly in Telegram.

4.Trading Bots

Those who prefer to automate their trading activities can explore an extensive set of trading bots. Pick one or several bots, purchase them, set them up, and make them trade for you.

Disclaimer

Crypto trading is a highly risky activity. This is why, even though Bidsbee offers all the possible tools to benefit from crypto trading, it doesn’t guarantee you a profit or the absence of losses. The team recommends you to do your own research before placing any order, and use only those funds for trading that you can afford to lose.

New Opportunities for All Types of Traders

Bidsbee aims at making crypto trading accessible to anyone without any limitations and offering top functionality to enable traders to benefit in any market conditions. Future product development is led by this goal. The team is ready to face the challenges and work on adding new functionalities and developing and improving the existing ones to make trading transparent and profitable.