In today's video CryptoCurrently provides an update on #IOTA #MIOTA and their recent collaboration with High Mobility.
High Mobility is an award winning API platform that aims to bridge the gap between car manufactures and application developers around the world. Their agreement with IOTA will allow for the creation of applications to be built on the IOTA #Tangle network.
Since High Mobility utilizes standardized API, a developer can create one application that is compatible with multiple manufactures.
Next we take a look at the possibility of IOTA replacing ICOs with ISO.
The ICO market has seen an explosion over the last year, and with little to no regulation in place, has become a playground for scams and pump and dump schemes.
Once the SEC and other countries set forth rules and regulations, many of these projects will fall into the category of securities.
This is where IOTA comes in with the ISO. This will allow new projects to be created on the IOTA DLT, instead of launching their own crypto, these projects will be funded through donations of the MIOTA currency. This acts as kind of a loop hole through the ICO rules and regulations set to be released in the coming months. This system will also act in similar manor to kickstarter and other crowd funding platforms.
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Magnr is a handy cross-platform trading site connected to a few big Bitcoin exchanges. Accounts never require any personal data or identitiy proof. So signup is quick and possible with anonymous data.
Leverage is available at Kraken up to 5x for several cryptocurrency pairs, including bitcoin. The fees are depending on the volume of the margin account.
Bitcoin can be traded on GDAX up to 5x leverage. The margin trading option must be manually turned on the account in order to make sure the users understands and reads the associated risks.
Margin trading is basically borrowing funds to purchase an asset, this allows you to buy more bitcoins that you would normally be able to do normally in the hope of making bigger profits on the price movements.
Advantages of Margin Trading.
The biggest benefit of margin trading is that you can take advantage of the additional funds when the market moves in the direction you expected. The overall profit of the positions once the bitcoins are soled and the loan is repaid is significantly higher compared to an ordinary trade execution.
Disadvantages of Margin Trading.
The disadvantage of margin trading is by nature the amount of risk a margin account can hold. The higher amount of leverage you take the bigger amount of money you can loose in case the market moves in an unfavorable way. Due to the margin call, the margin account must be funded countinuesly that involves significant amount of liquidity. It is only advisable to trade on marking if you have enough experience already on the market. To mitigate the associated risk, many trading platforms only offers limited amount of leverage trading opportunites.