ntroduction:

Step into the realm of billiard gaming like never before! BitPool, the world’s first web 3-based 8-Ball pool game, is back with an electrifying upgrade. Prepare to immerse yourself in a thrilling blend of classic billiards and crypto rewards. BitPool v2 is here, packed with exciting features that will leave you spellbound. Let’s dive in and explore!

BitPool v2: Unleashing the Power of Web 3 in 8-Ball Pool

The Cross-Platform Phenomenon

BitPool v2 is not just another pool game; it’s a game-changer. We’re proud to announce that BitPool is now the world’s first cross-platform 8-ball pool game. Break the barriers of device compatibility and challenge opponents from any device you prefer — be it your phone, PC, tablet, or even your TV! Experience true interoperability and enjoy seamless gameplay across platforms. With BitPool v2, accessibility to the world of web3 through gaming has reached new heights.

Introducing the New Multiplayer Mode

Prepare yourself to face global challenges head-on! BitPool v2 introduces a groundbreaking multiplayer mode that allows players to challenge each other and stake their favorite cryptocurrencies. Whether you’re a seasoned pro or a beginner, the adrenaline rush of competing against real players will keep you hooked. Stake your crypto of choice, including USDT, BUSD, CAKE, PAYPAL, and our in-house crypto, BITP, and reap the rewards when you emerge victorious. It’s time to showcase your skills on a global scale!

Enter the NFT Marketplace

Unleash the power of customization and collectibles in BitPool v2’s NFT Marketplace. Discover a treasure trove of loot boxes filled with exclusive and powerful items. Enhance your gameplay with custom-made sticks boasting magical abilities and flex your style with unique cue balls. Immerse yourself in a world of endless possibilities as you personalize your playboard/arena skins. The BitPool v2 NFT Marketplace offers a gateway to a realm where gaming and blockchain intertwine, revolutionizing the billiard gaming experience.

Seamless Web 3 Onboarding Experience

BitPool takes the complexity out of web 3 onboarding. With a user-friendly approach, gamers can simply sign up with their email and username, and BitPool handles the rest. We automatically create web 3 wallets and facilitate most on-chain transactions without requiring explicit user consent. Interacting with the blockchain becomes effortless and seamless, allowing gamers to focus on what they love most — playing BitPool. Cashouts are equally hassle-free, with the option to withdraw directly to their PayPal account or provided crypto wallet.

Empowering the Next Billion in Web 3 Adoption

BitPool serves as a pioneering gateway to onboard the next billion users into the web 3 ecosystem. With its intuitive interface, cross-platform capabilities, and seamless interoperability, BitPool eliminates barriers to entry. Whether you’re playing on a mobile device, PC, tablet, or even your TV, BitPool ensures that anyone can join the web 3 revolution. By providing easy access to blockchain technology through gaming, BitPool is paving the way for widespread adoption and empowering users to embrace the transformative power of web 3.

Conclusion:

BitPool v2 is the ultimate fusion of classic gameplay, web 3 innovation, and immersive rewards. With its multiplayer mode, cross-platform compatibility, and the introduction of the NFT Marketplace, BitPool is rewriting the rules of 8-ball pool gaming. Prepare to embark on an adventure where your skills are rewarded in the world of crypto. Join us as we redefine the boundaries of gaming and unlock the full potential of the web 3 era. The next big thing in billiard gaming is here, and it’s called BitPool v2.

So, grab your cue, hold onto your sticks, and let the games begin! Explore BitPool v2 on 1st of July, 2023 and be a part of the billiard gaming revolution.

OMAX Blockchain is a cutting-edge blockchain platform that aims to revolutionize the way we think about decentralized applications and transactions. Built on a solid foundation of security, transparency, and efficiency, OMAX Blockchain offers a wide range of benefits to businesses and individuals alike.

At its core, OMAX Blockchain is designed to provide a secure and transparent platform for recording, storing, and verifying transactions. By utilizing the power of blockchain technology, OMAX ensures that all transactions are immutable and tamper-proof, thereby reducing the risk of fraud and ensuring maximum transparency.

But OMAX isn't just about security and transparency - it's also highly efficient. The platform utilizes advanced consensus algorithms to ensure fast and reliable transaction processing, making it an ideal choice for businesses looking to streamline their operations and reduce costs.

In addition to these technical benefits, OMAX Blockchain also offers a wide range of practical applications. From supply chain management to digital identity verification, OMAX can be used in a variety of industries to improve efficiency and reduce costs.

All in all, OMAX Blockchain represents a major step forward in the world of decentralized applications and transactions. With its focus on security, transparency, and efficiency, it has the potential to revolutionize the way we do business and interact with each other online.

While the Shib Army, the fierce and loyal members of the Shiba Inu community, awaits the announcement of the public beta testing of Shibarium, its pseudonymous lead developer Shyoshi Kusama has dropped a new set of details about the highly anticipated layer-2 scalability solution of the ecosystem.

Kusama, in a recently activated Telegram account of Shibarium, dropped some exciting details about the upcoming project, which includes thousands of Shibarium intake form submissions, a content creator for Shiba Inu shared on Twitter.

The intake form is the document needed in the Shibarium intake system, built to support those interested in doing anything for Shib, as well as allow the Shiba Inu team to find the best projects and link them together with others who can help or assist.

While the intake form is not a requisite for developers to be able to build on Shibarium, Kusama previously mentioned it would allow them to get the latest news and updates about Shibarium and the entire Shiba Inu ecosystem.

"Ideally, this intake system will allow us to find the best projects and link them together with others who can help or assist. It'll allow us to meet the army and remain organized in the process. It'll allow us to grow Shibarium's reach with professional companies, and allow us to reset our relationships with businesses that we've connected to in the past. Finally, it'll help us find the right validators," the lead developer said last month in a blog post.

Kusama also shared that many projects had already expressed the intention to be a part of the experimental journey of the Shiba Inu community.

"I'm happy with the thousands of submissions to the @Shibariumtech intake form. There are so many amazing projects that will join us on this experimental journey. I expect emails to go out to most #Shibarians today," Kusama said.

The content creator added that those who submitted the intake form can expect to receive an email response Monday.

Kusama also mentioned that the team is currently "just organizing and giving the attention each and every one of the several thousand submissions deserves," and that while the community is stronger as a unit," it is "even stronger with Shibarium."

Unfortunately, neither the pseudonymous lead developer nor the Shiba Inu development team has shared the exact launch date of Shibarium's public beta test or its official rollout.

If you have been around in DeFi, you most likely have heard of impermanent loss. It’s a term that keeps coming back when you research yield farming and liquidity pools.

But what causes impermanent loss, and can you avoid it? We are going to have a closer look at what impermanent loss is.

If you have been around in DeFi, you most likely have heard of impermanent loss. It’s a term that keeps coming back when you research yield farming and liquidity pools.

But what causes impermanent loss, and can you avoid it? We are going to have a closer look at what impermanent loss is.

How Does Impermanent Loss Happen?

You can find most liquidity pools in an automated market maker (AMM). Your typical deposit into a pool is an equal part or 50/50. The number of tokens in a pool and how many LPs (liquidity providers) are important. They can tell you something about the IL risk. Most pools consist of an ERC-20 token like Ethereum and a stablecoin like DAI. This gives less exposure to IL than for instance an ETH-SUSHI token.

It is also essential to understand that the token prices, in a pool, depending on the ratio between the tokens. They don’t depend on the price of an external market. This is because an AMM uses an algorithm to calculate the asset price.

What Is Impermanent Loss?

Impermanent loss is when you add liquidity to a pool and the price of one of the assets changes. It is a phenomenon that only happens in DeFi liquidity pools. For example, with yield farming. So, once the price of your deposited token changes from the price at the time when you deposited the token, you have an impermanent loss. Now, it doesn’t matter if the price change is positive or negative. However, the bigger the price change is, the higher the impermanent loss will be.

The reason it’s called impermanent loss is that it is a loss on paper only. In other words, as long as you leave the tokens in the pool, the loss is impermanent. After all, the price of the tokens can go back to the original price at the deposit. At that moment, there is no more talk of IL. It only becomes a permanent loss once you withdraw your deposit from the pool.

So, why would you still add liquidity into a pool? Well, the answer is relatively easy. 

You can make more money from trading fees. This will offset the IL.

If you receive LP tokens, you can invest them again. Now you receive yield from two sources. Your original pool and from the farm where you deposit the LP tokens.

Impermanent Loss Example

To show you how impermanent loss happens in DeFi, we’ll give you a sample. That’s usually the best way to understand a concept. Don’t worry, we keep it as simple and easy to understand as possible.

In a Uniswap pool, you stake 1 ETH and 100 DAI.

After a week, the price of your ETH is worth 200 DAI.

If you had kept 1 ETH and 100 DAI without adding them to a pool, you gained 50%. That’s because ETH is now worth 200 DAI.

In case you take part in the ETH-DAI Uniswap pool, you make less gains. That is, when compared to the 50% if you didn’t take part in that pool.

Impermanent Loss in Numbers

So, now you have 1 ETH and 100 DAI that are worth $200 in the pool. You deposit 50/50, so $100 in DAI and $100 in ETH.

The value of the pool is 10 ETH and 1,000 DAI. This makes your share of the pool 10%. The total liquidity of this pool is $10,000.

Now, let’s say that in a week’s time, the price of 1 ETH goes up to $400. This increases the ratio of ETH to DAI. As a result, arbitrageurs come into play, and they balance the pool again. However, the ratio change also affects the value of both assets. So, to find out if you suffered IL, you need to withdraw your 10% share from the pool.

Because of arbitrage, the pool is now 5 ETH and 2,000 DAI. Instead of 1 ETH, you now have 0.5 ETH. 

0.5 ETH x $400 = $200. Plus, your 10% DAI share is also $200. In total, you get $400 out of the pool, so a nice profit of $200.

However, if you had kept your ETH and DAI, you would have made a $400 profit on your $100 ETH. Plus, you still had your $100 worth of DAI. In total, you would have $500. This is a profit of $300.

Compared to joining a liquidity pool, you would have made $100 more profit by holding your coins. This shows clearly what difference impermanent loss can make.

How Can You Avoid Impermanent Loss?

There are a couple of ways how you can avoid impermanent loss. We are going to show you a few of these options here.

Avoid risky and volatile pools

Yes, we know, these pools probably give the highest yield. However, at the same time, they’re also the most volatile and risky. Many times, these are new tokens. Their price can go up or down relatively quickly, which leaves you exposed to IL. ETH and WBTC are also volatile at times. But not anywhere near as explosive as many smaller coins.

Provide liquidity for same-pegged assets

In general, we are talking stablecoins here. Because they are one way or another pegged to the USD, price changes are not high. For example, USDT, USDC, BUSD, or Dai. In this case, a USDT-DAI pool will have hardly any to no IL at all. The reason being the assets don’t move much in price.

However, this also covers other pegged assets like sETH and stETH, which peg to ETH. Another sample is WBTC and renBTC. They peg to BTC.

One-sided staking pools

Various platforms offer single-sided staking. Bancor, Trader Joe, and Liquity are just a few samples.

With Bancor, you provide liquidity to a pool, and the other asset will be the Bancor BNT token. Bancor provides this asset. By doing this, Bancor eliminates the risk of IL since you only deposit one token.

Trader Joe offers you an LP token when staking Joe, like rJoe, sJoe, veJoe, or xJoe. Each new Joe token has different benefits and requires a different strategy.

Deposit in uneven liquidity pools

The Balancer platform offers this. You can join pools that have an 80/20 or even a 95/5 weighting. Although they may not cut IL, they reduce the risk and impact of IL.

Impermanent Loss Calculator

To make life easy, there are various IL calculators out there. CoinGecko has a good one. Or if you like one with sliders, use this calculator. If you use Balancer or any other pool with more than two tokens, Baller has a calculator just for that reason. See the picture below.

How Does Impermanent Loss Happen?

Most liquidity pools are found in an automated market maker (AMM). Your typical deposit into a pool is an equal part or 50/50. The number of tokens in a pool and how many LPs (liquidity providers) are important. They can tell you something about the IL risk. Most pools consist of an ERC-20 token like Ethereum and a stablecoin like DAI. This gives less exposure to IL than for instance an ETH-SUSHI token.

It is also essential to understand that the token prices, in a pool, depending on the ratio between the tokens. They don’t depend on the price of an external market. This is because an AMM uses an algorithm to calculate the asset price.

What Is Impermanent Loss?

Impermanent loss is when you add liquidity to a pool and the price of one of the assets changes. It is a phenomenon that only happens in DeFi liquidity pools. For example, with yield farming. So, once the price of your deposited token changes from the price at the time when you deposited the token, you have an impermanent loss. Now, it doesn’t matter if the price change is positive or negative. However, the bigger the price change is, the higher the impermanent loss will be.

The reason it’s called impermanent loss is that it is a loss on paper only. In other words, as long as you leave the tokens in the pool, the loss is impermanent. After all, the price of the tokens can go back to the original price at the deposit. At that moment, there is no more talk of IL. It only becomes a permanent loss once you withdraw your deposit from the pool.

So, why would you still add liquidity into a pool? Well, the answer is relatively easy. 

You can make more money from trading fees. This will offset the IL.

If you receive LP tokens, you can invest them again. Now you receive yield from two sources. Your original pool and from the farm where you deposit the LP tokens.

Impermanent Loss Example

To show you how impermanent loss happens in DeFi, we’ll give you a sample. That’s usually the best way to understand a concept. Don’t worry, we keep it as simple and easy to understand as possible.

In a Uniswap pool, you stake 1 ETH and 100 DAI.

After a week, the price of your ETH is worth 200 DAI.

If you had kept 1 ETH and 100 DAI without adding them to a pool, you gained 50%. That’s because ETH is now worth 200 DAI.

In case you take part in the ETH-DAI Uniswap pool, you make less gains. That is, when compared to the 50% if you didn’t take part in that pool.

Impermanent Loss in Numbers

So, now you have 1 ETH and 100 DAI that are worth $200 in the pool. You deposit 50/50, so $100 in DAI and $100 in ETH.

The value of the pool is 10 ETH and 1,000 DAI. This makes your share of the pool 10%. Total liquidity of this pool is $10,000.

Now, let’s say that in a week’s time, the price of 1 ETH goes up to $400. This increases the ratio of ETH over DAI. As a result, arbitrageurs come in to play, and they balance the pool again. However, the ratio change also affects the value of both assets. So, to find out if you suffered IL, you need to withdraw your 10% share from the pool.

Because of arbitrage, the pool is now 5 ETH and 2,000 DAI. Instead of 1 ETH, you now have 0.5 ETH. 

0.5 ETH x $400 = $200. Plus, your 10% DAI share is also $200. In total, you get $400 out of the pool, so a nice profit of $200.

However, if you had kept your ETH and DAI, you would have made $400 profit on your $100 ETH. Plus, you still had your $100 worth of DAI. In total, you would have $500. This is a profit of $300.

Compared to joining a liquidity pool, you would have made $100 more profit by hodling your coins. This shows clearly what difference impermanent loss can make.

How Can You Avoid Impermanent Loss?

There are a couple of ways how you can avoid impermanent loss. We are going to show you a few of these options here.

Avoid risky and volatile pools

Yes, we know, these pools probably give the highest yield. However, at the same time, they’re also the most volatile and risky. Many times, these are new tokens. Their price can go up or down rather quickly, which leaves you exposed to IL. ETH and WBTC are also volatile at times. But not anywhere near as volatile as many smaller coins.

Provide liquidity for same-pegged assets

In general, we are talking stablecoins here. Because they are one way or another pegged to the USD, price changes are not high. For example, USDT, USDC, BUSD, or Dai. In this case, a USDT-DAI pool will have hardly any to no IL at all. The reason being the assets don’t move much in price.

However, this also covers other pegged assets like sETH and stETH, which peg to ETH. Another sample is WBTC and renBTC. They peg to BTC.

One-sided staking pools

Various platforms offer single-sided staking. Bancor, Trader Joe, and Liquity are just a few samples.

With Bancor, you provide liquidity to a pool, and the other asset will be the Bancor BNT token. Bancor provides this asset. By doing this, Bancor eliminates the risk of IL since you only deposit one token.

Trader Joe offers you an LP token when staking Joe, like rJoe, sJoe, veJoe, or xJoe. Each new Joe token has different benefits and requires a different strategy.

Deposit in uneven liquidity pools

The Balancer platform offers this. You can join pools that have an 80/20 or even a 95/5 weighting. Although they may not cut IL, they reduce the risk and impact of IL.

Impermanent Loss Calculator

To make live easy, there are various IL calculators out there. CoinGecko has a good one. Or if you like one with sliders, use this calculator. If you use Balancer or any other pool with more than two tokens, Baller has a calculator just for that reason. See the picture below.

The evolution of Artificial Intelligence (AI) technology is evident across the world in conversations, tasks, and the way we interact with the digital world. AI has come a long way over the past few decades. From primitive computer programs to interactive chatbots and even natural language processing (NLP) to answer our daily questions.

The evolution of Artificial Intelligence (AI) has significantly transformed how we use technology for daily life and business operations. Since its inception in the 1950s, AI has advanced to include hybrid systems and machine learning that have drastically boosted its capabilities, making it increasingly useful.

Today, AI is being used in several ways, from personal assistants to facial recognition and self-driving cars. As AI continues to evolve, it’s becoming an essential part of our lives in education, software and data solutions, healthcare, and so much more. Its potential and applications expand further with each advancement.

Go Down Memory Lane

One of the earlier examples of AI technology is Clippy, a Microsoft Office Assistant introduced in 1997. Offering users the ability to type their questions into the computer, Clippy provides helpful hints. Clippy’s AI was limited, but it marked the start of conversational AI.

Clippy is a virtual assistant that was developed by Microsoft back in 1996. Its fundamental purpose was to help users of Microsoft Office products with user interface prompts. It was like a virtual friend that could answer questions about the products and offer help. Unfortunately, due to its obtrusive interface, Clippy was discontinued in 2001.

What the H*ll is ChatGPT?

More recently, ChatGPT is taking AI to the next level. ChatGPT is a natural language processing (NLP) engine designed to provide conversational AI capable of conversing with humans in various scenarios. By utilizing large datasets, ChatGPT can learn the basic patterns of human conversations and apply them to solve many tasks.

ChatGPT is a natural language processing technology developed in 2018. It utilizes the power of deep learning to provide users with assistance while they conduct online chats.

The evolution of Artificial Intelligence (AI) has been marked by leaps and bounds. From being a vision of science fiction to becoming a tangible reality in our society, AI has come a long way. One such innovation is the development of virtual agents that can interact with humans to help them get work done. Two of the most popular virtual agents are Clippy and ChatGPT.

Combining AI and Blockchain

In the last decade, Artificial Intelligence (AI) has made incredible gains in its development, from identifying objects in an image to controlling self-driving cars. Recently, Blockchain technology has given AI an even further advantage. By combining the two, businesses can benefit from an immutable ledger for hosting valuable data for AI processing and the trustless, decentralized system that Blockchain technology provides.

By using Blockchain, AI has the benefits of a secure data-sharing platform for the development of algorithms. AI companies are actively pursuing blockchain technology to increase their data-sharing efficiency and data security enhancement. It also helps with the scalability of AI applications, allowing more users to take advantage of the technology while preventing data leakage.

Conclusion

The combination of AI and Blockchain promises to be a powerful solution for businesses in many industries, increasing the accuracy of AI predictions and enhancing their scalability. The artificial intelligence (AI) world and blockchain technology are constantly evolving. The emergence of advanced AI-powered platforms and new blockchain-based applications converges the two technologies rapidly. AI and blockchain are now increasingly used together to create innovative solutions and improve the efficiency of a range of processes. In particular, AI and blockchain are proving to be beneficial for data analytics, smart contracts, and automating processes.

AI is used to improve accuracy and efficiency in analytics. For example, AI is used to help organizations process and analyze data quickly and accurately, leading to better decision-making. Blockchain is used to increase the security of transactions and protect sensitive data. AI also plays a role in developing smart contracts, which are becoming increasingly important in the blockchain space. In addition, AI can automate tasks that would otherwise be performed manually and ensure that processes are quick and accurate.

The evolution of AI combining blockchain technology is an exciting development that will revolutionize how AI and blockchain technologies may store, protect, and analyze data. This integration will allow for an increase in accuracy and efficiency as well as scalable and secure solutions. Given that blockchain technology has the potential to make data more secure and immutable, the fusion of AI and blockchain technology offers limitless possibilities for innovation.