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CryptoEasy: ‘Crypto Portfolios Made Easy’

CryptoEasy is a DeFi platform, built on Tezos. CryptoEasy will enable people to create synthetic crypto portfolios and switch portfolio composition in one click. This will be accomplished by creating baskets with mixed synthetic assets.

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Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.

Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.

User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.

Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.

Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.

 CryptoEasy

CryptoEasy is a DeFi platform, built on Tezos. CryptoEasy will enable people to create synthetic crypto portfolios and switch portfolio composition in one click. This will be accomplished by creating baskets with mixed synthetic assets.

A synthetic basket does not hold any actual tokens or other assets. It merely tracks the value of the selected assets and calculates the total profit you would have made if you would have held a portfolio with those assets.

The percentage that each share in the portfolio makes up for is obviously included in the calculation. For example, a portfolio with 33% BTC, 33% ETH and 33% XTZ, will experience a different value change than a portfolio with 10% BTC, 20% ETH and 79% XTZ.

Quick explainer on synthetics. Synthetics are basically nothing more than price trackers. Products that contain synthetics do not hold the actual asset that you try to make a profit from. Synthetics on blockchain, are Smart Contracts that get a price update from oracles.

The fact that you don’t actually buy the asset, means that anything can be traded on blockchain without the need for wrapped, or tokenized assets. As long as you have an oracle that updates values for the asset that is part of the contract, the sky’s the limit.

You could have a synthetic for Apple, or, Tesla, if the oracle can update values for the smart contract. CryptoEasy intends to provide exposure to hybrid portfolios composed of cryptocurrencies, NFTs, commodities, real estate or securities.

CryptoEasy is currently in the process of exploring which oracle(s) can be integrated in the project. One of the oracles they look into, is the Tezos-based oracle service Ubinetic oracles

If you want to be able to exchange value through synthetics, you need to be able to exchange value from something. Since synthetics don’t hold any actual assets, they are essentially empty. So you need actual value to be part of the contract.

Some synthetics are based on two parties that bet against each other. But CryptoEasy takes a different approach. They introduce the EASY token.

Although the value of a token can be volatile, EASY token has value because you need to buy it first. Plain and simple. As any other token, the value of the token depends on several factors, like the future success of the platform itself.

Taking a position in a basket can only be done by staking EASY tokens. Profit is also paid in EASY tokens. In a later stage, CryptoEasy intends to introduce a new, or leverage an existing, stablecoin to the platform as an optional currency.

EASY tokens will also provide traditional DeFi functionalities like staking, lending, farming capabilities. Beyond DeFi, holders of EASY should also have DAO governance capabilities like voting on the EASY stability mechanisms and earn rewards for their activity on the CryptoEasy platform.

Synthetics are a very interesting addition to DeFi products. Besides the fact that you can invest in any asset, you could eventually even create crypto index trackers for example. It is however important to fully understand in great detail what synthetics are, how they are used in CryptoEasy and how you can earn on the platform.

We highly recommend to do a deep-dive in their whitepaper before you start. You can read it here. The whitepaper also contains an extensive tokenomics and roadmap section

CryptoEasy Tokensale September 25th 

CryptoEasy will hold a tokensale on Rocket Launchpad on September the 25th.

The initial supply will be 6 million EASY tokens, from which 1.5 million EASY tokens will be sold through the tokensale.

45% of EASY tokens will be distributed through CryptoEasy’s “Proof of Return” staking mechanism.

And finally, the tokens for private sales, business development, and for the team will be locked following an up to 3-year vesting schedule. 

The price per token in the Rocket Launchpad tokensale will be 0.2 USD. The Quipuswap listing rate will be 0.25 USD. The Quipuswap listing is planned to take place right after the tokensale.

Disclaimer

Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.

Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.

User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.

Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.

Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.

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