Where is Blockchain Technology Going? An Analysis by Guy Galboiz

In January 2016, most people just knew about one cryptocurrency and that was Bitcoin as it had a valuation of about $1 billion. These days, you can find more than 40 popular cryptocurrencies and more and more are entering the market on a regular basis. As their use becomes more widespread so is blockchain adoption due to what it can offer. In simple terms, this technology refers to a type of distributable ledger comprising of immutable digital data stored in packages that are called blocks. They are piled in a linear chain referred to as ‘blockchain’. Due to the security and anonymity it can offer, blockchain technology has a lot of potentials and people are beginning to realize that.

Suffice it to say, blockchain holds a lot of potential, but where is it going in 2018? We recently had a discussion with Guy Galboiz, an aspiring Tech Entrepreneur, and Investor, who shared with us some of the ways that blockchain will become integrated into the world:

More and more people and institutions are understanding blockchain technology

As mention above, this technology is moving further and further into the mainstream world. Blockchain groups are being formed everywhere, from small cities to college campuses. The concept of blockchain classes is being introduced and taught at universities. The purpose is to discuss cryptocurrencies and have conversations about it that lead to action. The price spikes and use of cryptocurrencies have caught the public eye due to which more and more people are interested in knowing all they can about blockchain technology.

There are some blockchain firms that are creating global solutions for dealing with crypto volatility. Furthermore, ecosystems are also being developed for interested investors in order to allow them to participate in the cryptocurrency market. This involves the development of exchanges, mobile apps and more.

B2B participants and tech giants are emerging

While talking about b2b participants, Guy Galboiz referred to David Marcus, Facebook’s VP of Messaging Products, who became a member of Coinbase’s board in December 2017. Previously, he had also started a mobile payments company that was acquired by his former employer, PayPal. Other than that, Google has also been one of the major corporate investors in blockchain technology and will continue to be the same in this year. Amazon has also jumped on the bandwagon as in December of last year, they announced a partnership with R3’s Corda. As far as the B2B market is concerned, TraDove had raised $30 million in their ICO for expanding their existing social networking platform onto blockchain technology.

There is a rise in smart contract applications

Under certain criteria, having a smart contract ensures an action or payment. This core technology is being leveraged by startups in a variety of ways. For instance, an infrastructure protocol is under development by JoyToken for the gaming industry that uses smart contracts (autonomous, decentralized agents) for safely guaranteeing and auditing game records. Put simply, these are great for eliminating a lot of friction from the gaming ecosystem thereby providing developers a revenue stream that’s easy to use and was untapped previously.

Guy Galboiz talked about another startup called meVu, which is using these smart contracts for becoming the most renowned global platform developed exclusively for players willing to bet anytime, anything and against anyone. With smart contracts, you can be assured of a transparent and safe process. Therefore, it is not surprising to know that smart contracts are becoming quite valuable across a plethora of industries. They don’t just eliminate the need for intermediaries, but also their fees and enable everyday transactions to run smoothly. As the security and regulations behind these smart contracts grow this year, their use will increase.

More and more companies are using the blockchain

Due to a large variety of functions that can be served by the blockchain technology, more and more companies are choosing to enter this space. Some of them include unique ICOs such as Puregold, which is making use of tokens supported by gold. As gold has been around for a long while, it was expected that it would enter the blockchain space and Puregold had its ICO in January of this year. Similarly, there are also other companies such as FarmaTrust that are using this technology for improving life like eliminating counterfeit pharmaceutical drugs.

This technology is reshaping the developed world

One of the biggest advantages of blockchain technology is how it can be used for dealing with global issues and open up access to areas that were unavailable previously. Some of these involve the introduction of an existing service to a whole new market whereas others can be found in more humanitarian forms. For instance, there is a blockchain-built crowdfunding platform called Acorn Collective, which is aimed at bringing crowdfunding to the market by providing access to all legal projects without any charges. This is immensely important because, before that, crowdfunding previously had high barriers to entry.

ExsulCoin is another interesting initiative that’s aimed at helping refugees integrate into their new homes, both economically and socially. Additionally, they are also looking into driving refugee led education and projects. All of this is only being accomplished due to the existence of blockchain technology.

Crypto is being used as a regular payment mechanism

Every day, more companies are declaring that they will accept cryptocurrencies as a payment method. Some of them include Subway, WordPress, Shopify stores and Expedia amongst others. SparkleCoin is offering a cryptocurrency to be used for purchasing from notable e-tailers within their ecosphere of 3 companies. Customers can enjoy a lot of convenience because of this direct transactability for B2B and also B2C purchases. This is becoming widely accepted in 2018. Some companies are accepting Bitcoin and other popular cryptocurrencies (such as Ethereum, Ripple, etc) for media attention while others are incorporating this payment gateway for pleasing their customers.

In a nutshell, blockchain technology is disrupting a number of industries, which means that a number of traditional industries are being changed and developed. Some of these industries include education, healthcare, logistics, media, and finance. Other industries are also expected to undergo change as this technology continues to develop and is adopted by companies.

Top Three Trends in Crypto to Watch Right Now

By now, just about everyone has heard of cryptocurrency. The global crypto industry is evolving at a rapid pace and trends are changing constantly. As the co-founder and COO of BitcoinIRA.com, the world’s largest and most secure cryptocurrency IRA platform, I am acutely aware of how quickly space is changing. From changes in regulation to widespread adoption of blockchain technology, here we will explore the top three crypto trends to watch right now.

  1. The regulatory and decentralized technology sectors are working together

2018 has been a year of regulatory measures for the cryptocurrency space. In March, the SEC released a statement requiring all crypto trading platforms to register with the SEC as securities in order to continue operating. Also this year, Facebook, Twitter, and Google all placed bans crypto advertising.

Many crypto enthusiasts, who flocked to this formerly unregulated sector because of its decentralization and anonymity, initially feared that the increase in regulatory measures would infringe upon all they valued about crypto in the first place. But with time, it is becoming clearer that this is not the case: in fact, the regulators and innovators in the decentralized technology space are in fact working together.

In February of this year, Chairman of the CFTC J. Christopher Giancarlo set the precedent for a cooperative relationship between the two sectors when he advocated for a “do no harm” approach to regulating cryptocurrency. “I believe that ‘do no harm’ is the right overarching approach for distributed ledger technology… With the proper balance of sound policy, regulatory oversight and private sector innovation, new technologies will allow American markets to evolve in responsible ways and continue to grow our economy and increase prosperity,” Giancarlo said.

While this may have seemed idealistic at the time, the government’s regard for decentralized, distributed technology has actually stayed relatively consistent over the last several months. Just last week, William Hinman, the director of the division of finance for the Securities and Exchange Commission (SEC) publicly declared that Ethereum is not a security. This came on the heels of a similar statement that SEC chair Jay Clayton made in April. “Based on my understanding of the present state of ether, the Ethereum network, and its decentralized structure, current offers and sales of ether are not securities transactions,” Hinman said. “And, as with Bitcoin, applying the disclosure regime of the federal securities laws to current transactions in ether would seem to add little value.”

In turn, Joe Lubin, co-founder of Ethereum and founder of major Ethereum application company ConsenSys, expressed gratitude for the SEC’s decision. “Ether and other next-generation consumer utility tokens will continue evolving the web towards networks that are more fair, secure, and evenly distributed. ConsenSys looks forward to continuing to engage with regulators around the globe to promote responsible adoption of this transformative technology” Lubin said, demonstrating the decentralized sector’s commitment to cooperation and transparency.

In my opinion, these announcements clear up some of the “regulatory uncertainty” that Tom Lee thought to be contributing to price stagnation in the crypto space and are a big win for the crypto industry as a whole.

  1. ICOs have taken a hit.

According to ICOData.io, ICO funding decreased from roughly $1.48 billion in January to around $288 million so far in June. June isn’t over yet, but that is a huge decline and cannot be ignored.

The SEC still considers most tokens purchased through ICOs to be securities, and that looming threat of regulation has likely discouraged some investors from participating in funding rounds.

Additionally, the SEC has cracked down on fraudulent ICOs in recent months, even going as far as launching its own illegitimate ICO as a warning to potential investors. Moreover, The Wall Street Journal conducted an investigation into ICOs and discovered that investors sank more than $1 billion into 271 ICOs that had clear red flags. All of these factors have likely played a role in the decrease in ICO funding across the industry. It is possible things will pick back up once the dust settles, but for now, launching and promoting a successful ICO is going to be an uphill battle.


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  1. Blockchain technology is on the rise.

There’s a misconception among those that are new to crypto that blockchain technology is only used for decentralized digital payment transactions, and that’s just not true. Blockchain technology can be leveraged for a variety of purposes, tracking transactions of all kinds, and it is soaring in popularity. The size of the global blockchain market is projected to reach $2.3 billion by 2021 and some of the world’s most prominent companies are already leveraging the emerging tech. One particularly exciting example is IBM Blockchain, a platform that enables companies from a wide range of industries – from retail to insurance – to reap the efficiency and transparency benefits that blockchain offers. And just yesterday, retail giant Walmart was awarded three blockchain-related patents. The first is for a medical records system that would enable patient data to be stored in a distributed ledger. The second is for a blockchain-based energy network, and the third is to allow consumers to securely control or limit access to a real or virtual space by leveraging cryptographic keys stored on a blockchain. So why does this matter for crypto? Because blockchain and crypto go hand-in-hand, so increased adoption of blockchain is inherently good for crypto.

These three trends will likely continue impacting the crypto industry in the coming weeks and months, but as with anything in crypto, there’s no telling what will happen next. The only thing we know for certain is that you can’t be certain of anything – and to me, that makes coming to work each day extremely exciting.

This article was written By Chris Kline, Co-founder, and COO at Bitcoin IRA

People’s Exchange – The Rise of Cryptocurrency Exchanges

While cryptocurrencies and the blockchain technology have garnered most of the good publicity over the last year, blockchain tech finally making some inroads into the real world, supporting the cryptocurrencies that fuel them. So far, the only press that crypto exchanges have received has been the bad kind, in spite of some quite remarkable advancements in the cryptocurrency space in a very short period of time, when considering the evolution period of exchanges providing traders a platform to trade the more traditional asset classes.

While many of the world’s leading bank CEOs spent much of last year and the early part of this year sledging the cryptomarket, the reasons largely attributed to fear of a material shift in the dynamics within the banking industry. With the likes of Ripple and Litecoin’s platform demonstrating how a world without banks can function, the cryptomarkets were getting wise and quickly.

Unsurprisingly, while some of the world’s most well-known banks looked to offer a cryptocurrency trading platform for their clients in recent months, the market has already evolved at such a pace that has left investment banks perhaps too far behind, with existing and up and coming exchanges offering far greater trading options than any archaic platform can ever hope of delivering.

When considering the vast number of more experienced traders crossing the divide into the world of crypto, crypto exchanges have certainly been the beneficiary of a material rise in the market capitalization of the cryptomarket.

For traders and investors alike, cyber-attacks on the more traditional, centralized exchanges, have been a concern and have contributed to the riotous movements in the cryptomarkets that has drawn condemnation from regulators and governments, who seem to have made it a mission to cripple the concept of decentralization in the interest of preserving investor capital, or so they say…

The Evolution of Centralized Cryptocurrency Exchanges

In the wake of some high profile hacks, decentralized exchanges allow cryptocurrency investors to take full control of their coins or tokens, by transferring them from their account on an exchange to their digital wallet that needs to be compatible with the respective coins or tokens.

With cryptocurrency and token holders holding their investments outside of the decentralized exchanges purview, the exchanges don’t require additional third-party services, significantly reducing the risk of theft from cyber-attacks.

When you have your own private keys and multi-layer log-in features to access your digital wallets, it’s certainly of greater comfort than to leave the coins in an account on a centralized exchange, where theft could result in the total loss of your investment.

In a recent survey carried out by Encrybit , 40% of survey participants identified security as a major problem, with trading fees (37%), liquidity (36%), a lack of timely support from exchange support teams (33%) and too few crypto pairs (22%) amongst the list of issues faced by investors and traders alike.

On the plus side, Binance was identified by 27% of participants for its good volume and airdrop policy, with 19% of respondents identifying Houbo.pro for its superior arbitrage offerings.

Other positives from the survey included:

  • Recognition of Okex.com for its trading platform and volume. (14%)
  • Recognition of Bitfinex as the best UI for on the spot TA and algo trading options, trading with margin and direct withdrawals in fiat currency. (11%)
  • Recognition if Bittrex for its good GUI, coin offerings and easy to navigate platform. (9%)
  • Interestingly, 7% of respondents stated that they did not have a preferred exchange, suggesting that, they are either satisfied with any of the exchanges or that there is a need for a material improvement in trading platform capabilities.

The purpose of the Encrybit survey was to better understand the issues faced by traders and investors alike, giving Encrybit the necessary knowledge to deliver what other centralized exchanges fail to deliver in the ever-growing world of cryptocurrency trading and investment.

Encrybit is an upcoming centralized cryptocurrency exchange platform offering powerful trading solutions for crypto traders to utilize their trading skills, such offerings including but not limited to:

  • Social trading functionality that enables users to share trades and ideas within the world of Encrybit.
  • Encrybit’s order matching algo can handle 1m orders/second with 3 tier security to safeguard traders’ assets.
  • Encrybit’s powerful built-in technical analytics enables professional level TA capabilities for a large and constantly growing number of cryptocurrencies.
  • The Encrybit custom market overview enables users to set up their ideal trading environment, from where users can reach extensive market research, analytics, strategies, signals and social feeds.

Encrybit’s survey garnered the opinions of 1,108 participants, giving Encrybit and other exchanges some much-needed views, with the 3 most wanted features being simplicity, expedited withdrawals, and improved security.

It’s worth noting that Encrybit is a centralized exchange platform, but when considering the key offerings and priorities from an investor and trader perspective, there will likely be much greater comfort in using the Encrybit platform over other centralized exchanges.

When considering the rising competition amongst the exchanges and the ever growing popularity of cryptocurrency trading, the persistent volatility attractive for all kinds of investors and traders, the Encrybit survey was a timely one and, while the competition may take advantage of some of the respondents views, delivering respondent demands will certainly place Encrybit in good stead as other major cryptocurrency exchanges now looking to make the necessary enhancements to deliver, once the bearish trend across the broader market reverses, something that is unlikely to be far off.

When looking at the current crypto market cap, there’s plenty of cash sitting on the sidelines waiting to get back in and, when considering the peak market cap of in excess of $820bn, there’s a vested interest to consider the demands of all.

From the Encrybit survey, exchange liquidity was certainly an evident characteristic, alongside effective trading facilities including Advance Ordering System, Timely Alert, FA and TA and Broad Order Book, which are far more effective with the greater liquidity. Trading platforms are also easier to use and, with the key issues faced by traders and investors being on decentralized platforms, centralized platforms have a long way to go and could ultimately come out on top should the risks of cyber-attacks be addressed and governments and regulators balance the power between the two.

The Encrybit ICO is coming soon and it’s going to be the People’s Exchange, delivering on security, liquidity, and ease of use, the combination of which is likely to propel Encrybit to the top of the table.

Social Entertainment will be Revolutionized by Blockchain

Blockchain may have once been considered a fad that would pass, but as time passes, the use of blockchain tech becomes ever more present, as the ever-widening number of industries embracing the concept and the technology.

Social entertainment, same as Bitcoin and other cryptocurrencies, has jumped on the blockchain bandwagon, with You42 being the first to develop a platform that brings games, music, video, sports, news to you in one central social space.

For the fans, the single platform brings them ever closer to the artists and authors, while record labels, studios, artists, authors, and creators are able to maxim their earning potential by cutting out the middlemen that eat away at their respective earnings potentials.

In the music and film industries, streaming has become particularly popular. With the likes of YouTube, Spotify and Netflix taking the mass market share, control has essentially just shifted away from the film production companies and music record labels to the new platforms that have benefited from mass audiences, YouTube alone drawing in over 1 billion users.

With artists becoming ever more conscious of the loss of earnings, the power of the larger social entertainment platforms being similar to the record labels and production companies that are responsible for distributing of product to the mass market. The availability of blockchain technology and the arrival of You42 Platform could not have come at a better time.

You42 is looking to bring an end to the days of the record label executives demanding high fees for recording and distribution, by bringing the artists and their audiences together on the You42 platform.

Musicians will undoubtedly be watching closely to see whether You42 is able to deliver on its promise, the greatest significance from an artist’s perspective being the number of users of the You42 platform and the reach to the mass market. The good news is that You42 is a web application built in HTML5 that can be accessed through a browser on any device.

The You42 initial coin offering is scheduled to kick off on 2nd July 2018, with the pre-sale having already taken place back in April. The Beta version of You42 is already available for select users to get a feel of the platform. The platform go-live date will follow the closing of the initial coin offering.

You42 will be issuing a U42 Token through the ICO, with the token being described as a service token used to purchase advertising in a per-use or per-display model based on a rate set by the platform at the time of the purchase. The token is based on the Ethereum ERC-20 token standard.

U42 Token holders can place advertisements on the You42 Platform by using a compatible Ethereum wallet to access the U42 Token smart contract and transfer tokens for services, with top-ranking content creators on the You42 Platform receiving U42 Tokens as a result of their contributions to the platform.

U42 Tokens can also be used to purchase Ucoins, which can be used within the You42 Platform to interact with other content creators.

The You42 Roadmap can be summarised as follows:

  • Platform planning and early-stage development – 2016
  • Integration of Upload & Search Functionality – 2017
  • Social feed & Messaging Feature Sets – 2017
  • OTT Content (2017)
  • Privacy Policy & TOS Review (2017)
  • Token Infrastructure: design, economy specs and advertising module – 2018
  • Internal Development Team Staffing (2018)
  • Platform Launch & ICO – initial platform release and token sale begin – 2018.

The details of the token sale are

  • Pre-Sale: April 23rd, 2018 (Accredited Investor Sale)
  • Public Sale: 2nd July 2018
  • Ticker: U42
  • ICO Token Price: 1 U42 = 0.50 USD
  • Fundraising Goal: USD50m (USD21m raised to-date)
  • Total Tokens: 525,000,000
  • Available for Token Sale: 60%
  • Know Your Customer (KYC): Yes
  • Token Ineligibility: Mainland China & South Korea
  • Accepts: Ethereum (ETH)
  • Token Issue: Upon Close of the Public Sale.

Interview with Ke Xu, CEO & Founder of ONO

  • How was the idea of ONO born?

I think to a large degree, ONO is the culmination of my career, which began with Bitcoin, and was furthered by social networking. I started out with cryptocurrency during my university days, back in 2013, when I had purchased mining rigs with a friend and began mining Bitcoin. We’d amassed as many as 20,000 BTC, which at the time was a small fortune, and had ended up selling it off as the value of BTC rose. Back then BTC was valued between $600 to $700 USD, and we figured it might peak, then again, hindsight is 20/20. That experience first gave me the taste of not just cryptocurrency itself, but also the blockchain technology that Satoshi had first introduced through Bitcoin. Ultimately it was the technology that I’d seen the potential in, and would later become a core part of how we’ve developed ONO.

After graduating from university, I launched a social network called ERA, which introduced the idea of rewarding the community members based on the user’s contributions, skills, and social clout. It was an early example of a novel concept that of rewarding content creators, amid major social networks that were entirely focused on monetizing its user’s data. The ERA was a novel concept at the time and attracted 10 million users before we’d sold it to Cheetah Mobile.

Following the acquisition, I started Nome Tech, which gave me the chance to return to my blockchain and cryptocurrency roots. We began developing blockchain apps, and our first hit was CryptoDogs – the Chinese equivalent of CryptoKitties.

But it was from here I realized, with the way social networks were becoming bigger than themselves, and the power of these social networks were centralized in the hands of their creators, the easy route toward monetization was by taking advantage of user data, while acting as a publisher while offering the original content creators little-to-nothing in return. So this is where I saw an opportunity to radically change how social networking was governed, and thus ONO was born.

  • Can you explain your product to people?

ONO is the first global decentralized social network. From its interface, ONO offers similar services that you’d find on average social networks. Core features include messaging, in-app games, and public posts – similar to what you might find on social networks like Twitter or Facebook.

But its underlying governance and reward system sets ONO apart.

Ultimately, in the nature of decentralization, ONO is governed by its users, who can vote through a referendum (a feature within the app itself) to dictate future features, how illicit content is managed, and more. At the same time, we reward users that share high-quality content with ONOTs, which is our virtual currency and can be used to buy and sell virtual goods within the platform.

  • As the company had successfully fundraised through a presale, what has already been done and what are you going to create from the money collected through the ICO?

We recently announced $16 Million in Series A funding from leading traditional and blockchain VCs including INBlockchain, China Growth Capital, Purple Cow Fund, Green Pine Capital Partners, Korea Investment Partners and Grand Shores. However, we didn’t initially go the ICO route, although these days it seems to be the easy way out, but for a few good reasons.

The future of our social network and community lies in a community that believes in our vision, which is to build a decentralized social network. However because the power of influencing the future of ONO lies ultimately in the hands of its elected Super Partners, and these Super Partners are elected by community members who vote using ONOTs, we didn’t want to give speculative crypto owners the opportunity to manipulate the economy, and instead initially opted to raise our funding from traditional VCs.

However, more recently we had discovered an aggressive black market of speculators selling ONOTs solely for its cryptocurrency value, so we’re planning on combating this by offering a pre-sale of our ONOT token, which we anticipate will restore balance to our community.

  • How does ONO differ from similar services? How can your innovative service change social networking, particularly in China?

Unlike any social network available today, ONO’s governance is centered around a group of 51 individuals, we refer to as Super Partners, who are elected through community votes. These people are what you could consider as power users who would collectively decide on new features, how illicit content within the social network is managed, and more.

At the same time, with our vision to build a community based on a reward system that incentives quality content, ONO rewards users that consistently share high performing content on their channels with ONOTs.

  • ONO will launch its service through the EOS platform; how significant is that for your investors?

While we’re in the running for EOS, and we’re excited for the possibilities that EOS offers to its partners, we’ve ultimately decided to establish our own Mainnet using the EOS.io open source software.

  • How can anyone join ONO?

Currently ONO has 280,000 users, but in the vein of ensuring that our initial early adopters are a group that would build an engaging community, in fact, our app is only available as an invite-only beta, which you can apply to join through our website, ono.chat.


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  • Why did you need a Token Sale?

Our token, the ONOT, was being sold on the black market by speculators, and as a measure to combat and curb any opportunities for individuals to game the system, we will be offering a token sale to users.

  • What are your plans for the future?

We’re excited to see the rapid adoption of ONO, even among beta users, and we’re planning for the upcoming launch of the international version of ONO in the coming month. At the same time, with international investors, and users, we’re looking to expand the team to further build out a global ONO ecosystem.

WONO Predicts Tourists, Entrepreneurs, and Students to Become the First Everyday Crypto Users

For now, cryptocurrencies are used for short-term investments mainly, but in a couple of years, they are going to become a part of everyday people’s lives. Who will become pioneers of the new era? WONO P2P platform believes that tourists, entrepreneurs, and students will have the best chances to become trendsetters.

If you put enough effort and political will, you’re able to tokenize any kind of business. But if you wish to sell iPhones using blockchain, you need to make every Apple’s supplier and partner go blockchain. Sounds hardly achievable.

But if you wish to share something in your possession, you just need a customer with tokens. And a platform which helps you find each other and sign a smart contract, like WONO – a P2P platform that unites functions of Airbnb, Turo, Upwork and TaskRabbit on blockchain and lets users earn and spend in tokens.

“We believe that tourists, entrepreneurs, and students will build up a core audience of our project. Sharing becomes extremely popular among travelers of all kinds. Either you travel on vacation or on a business trip, you’re always interested in affordable rentals. Even if you can rent a decent room or a car from a B2C vendor, you can get a better solution for the same price using P2P, and this makes sense on a trip. Students also travel a lot. What’s more, they’re more open to something new like cryptocurrencies, and they’re often seeking for some affordable solutions” – comments WONO CEO Alex Esaulov.

WONO offers a significantly lower commission of 1-5% comparing to 10-30% commission at offchaing services. What’s more, vendors using WONO can legally avoid taxation because, in most countries, including the US and the EU, tokens are determined as non-taxable digital assets. Until your withdraw what’s earned and exchange it into fiat, you don’t pay anything. And WONO platform will offer thousands of opportunities to spend what’s earned on other users’ assets and services.

WONO users can act as vendors and customers simultaneously. It means that you can earn tokens working as a freelance designer or a personal driver, and then spend the tokens renting a flat or hiring someone to fix your computer or clean a mess in your room. Or, using a WONO trusted deal mechanism, you can start spending tokens which are yet to be earned in future. Blockchain technology and smart contracts can make that possible.

The market release of such a promising service is scheduled for the next summer. For now, WONO team is focused on the proof of concept which is going to be shown at the end of July.

5 Upcoming ICOs to look at

How did we pick the projects?

Basically, we researched and ranked a very long upcoming ICO lists against key criteria. This research was done to select the best platforms with innovative ideas, and that added value to the blockchain ecosystem. But most importantly, we only selected projects that had a high chance of succeeding in the real world once they go live.

We considered the credentials of the team’s founders, including their previous experience in building distributed applications. We wanted to make sure that the team was competent and dedicated enough to see the project through to completion. This due diligence extended to their board of advisers and their partnerships as well, as they are equal determinants to a project’s success.

We assessed how innovative the platform’s technology was, and if there was an existing solution already. If there were existing competitors, then we broke down how the chosen ICO’s solution was different – and in some cases better – than what’s already on the market. In other words, the platform needed to solve a big problem for its users while being underserved by the current or future solutions being developed.

Economic factors were also taken into account, including market size, the cost of the problem, and the market’s future outlook. This was to ensure that the platform is solving a big enough issue for users to justify raising funds. It also means that the project is likely to evolve into a long-term business for the founders that will be continually improved and maintained.

To wrap up our assessments, we considered how the founders intend to deliver their solutions, and the technology used. Most projects chosen for this list have at least a working prototype, if not an already established platform, and are on-track to deliver the milestones outlined in their roadmap.

Overall, we chose sustainable, innovative, and trustworthy platforms by credible teams and founders. These projects are likely to be here to stay, with a long-term view of contributing value to the blockchain ecosystem and doing real business with customers of their own.

ViewChain

ViewChain is a blockchain content distribution platform and is as a result of a strategic collaboration between Elastos and Zapya. Elastos is a decentralized internet and operating system, while Zapya is a peer-to-peer file sharing application. The partnership will leverage Zapya’s 576 million users for the speedy adoption of ViewChain’s platform, whilst leveraging Elastos’s distributed architecture.

In addition to blockchain technology, ViewChain also uses what’s called IPFS, or InterPlanetary File System. This protocol allows for the creation of a secure and decentralized marketplace for content distribution.

The end goal of ViewChain is to lower the barrier to entry for content creators to a wider marketplace. The platform eliminates the additional expense of a website or marketing, as everything is kept on the same platform.

To power its tokenized economy, ViewChain will mint 2500000000 VIEW ERC-20 tokens on the Ethereum blockchain. The tokens will be used for the purchase and sale of content on its distributed network.

ViewChain has its offices located in Singapore and features Frank Wang, Shangpin Chang, and Steve Gu as its co-founders.

More details about ViewChain can be found at the link below:

https://viewchain.org/

RSK Labs (RootStock)

RSK Labs (RootStock) was established in 2015 and claims to be the first smart contract platform built as a sidechain to Bitcoin that rewards miners via merge-mining. The sidechain allows people to obtain fees from every transaction that takes place without the need for more expensive equipment. Other benefits of the platform are that it will enable the use of smart contracts, faster payments, and solve Bitcoin’s severe scaling issues.

RootStock attempts to resolve Bitcoin’s weaknesses: namely the lack of a smart contract functionality, and the problems with its proof-of-work algorithm. The computational power required to mine Bitcoins gets progressively higher as more coins come into circulation, which presents a dilemma for miners as well as the network. Also, high power costs have an adverse effect on the environment through pollution and wasted energy.

RSK Lab’s sidechain will help lower the costs and scaling problems associated with Bitcoin mining without competing with the network itself. RSK merely provides the technical tools needed for Bitcoin to reach its full potential through extended functions and easier scaling. RSK does not mint its own coins, nor does it pre-mine.

Rootstock also has some important security features in place to prevent double-spending and settlement finality, utilized through a 2way peg to Bitcoin. The peg will first employ a federation custody holding of Bitcoins and will switch to an automatic peg in the near future.

The platform will hold a private token sale for its RIF tokens in future. Finally, RSK is backed by a long list of blockchain industry leaders, including, Anthony Di Iorio, CEO of Decentral and Jaxx, and Bitcoin mining firms such as Bitfury and Bitmain.

https://www.rsk.co/


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Certik

With the rapid rise in the price of cryptocurrencies like Bitcoin, Ethereum, and Litecoin, there has also been a breathtaking amount of money lost to hackers and glitches. Certik is offering a solution to end those hacks and glitches by offering a formal verification framework designed to mathematically prove the security and correctness of both smart contracts and blockchain ecosystems.

The team behind the project have employed modular verification features to break down the proof task into granular ones so that they can be solved automatically using distributed technology. The proofed objects can then be encoded into Certik’s platform transactions, and then verified by other entities in the ecosystem.

The end result is that Certik was designed to work as a trusted certificate for smart contracts and to verify transactions. It also works with decentralized application libraries and blockchain implementations.

Certik is based on the continuous research of the Co-founders, Professors Zhong Shao, Chair of the Computer Science Department at Yale University, and Ronghui Gu, Assistant Professor of Computer Science at Columbia University.

The token sale information for Certik is yet to be published, but it’s expected to be 100,000,000 CTK tokens in total.

https://certik.org/

Algorand

Algorand is an innovative blockchain led by Silvio Micali, the recipient of the Turing Award for his innovative research in cryptography, the Goedel Prize in theoretical computer science and the RSA prize in cryptography. It offers a new approach of adding a new block to the ledger that allows instant transaction approval and immense scalability in a highly secured and trustless manner. Algorand is also backed by USV, a highly respected venture capital in the crypto ecosystem.

Algorand works to confirm transactions with a minute’s worth of latency while scaling to an immense number of users. The platform ensures that users never have different records of confirmed transactions, including in the event of an attack or attempted fork.

To reach consensus, Algorand uses a Byzantine Agreement (BA) protocol for each transaction. The issue of scaling the network is also addressed by BA with its Verifiable Random Functions. These two mechanisms work together so that users can see if they have been chosen to confirm the next set of transactions.

So far, the results of using Algorand have been impressive. It has achieved 125x of Bitcoin’s throughput and does not incur penalties as the network grows. This study was conducted on 500,000 EC2 virtual machines.

It’s claimed that Algorand can scale up to billions of users whilst being computationally efficient, as it doesn’t need to solve cryptographic puzzles to generate a new block on its ledger.

https://www.algorand.com/

Aergo

Aergo is a 4th generation blockchain that is supported and developed by Blocko.

Blocko, established in 2014, is a Korean startup that has built a blockchain platform called Coinstack for businesses. It enables firms to easily build enterprise applications using blockchain technology. Applications include secured log-in systems, digital contracts, and employee management systems.

Blocko has successfully established blockchain-based services in partnership with many companies and institutions in Korea, including the JB Bank, Korea Exchange, Hyundai Motor, Lotte Card, and others.

The platform was designed for both public and private blockchain networks. This gives businesses the flexibility they need to develop and deploy blockchain applications with superior speed, scalability, and performance.

At the technical layer, Aergo was designed as a plugin-based smart contract infrastructure. This allows clients to execute smart contracts written for the Ethereum Virtual Machine or AgroSQL.

Finally, the network will be supported by public and permissioned repositories and distributed directories to allow for easy collaboration between developers.

During the token sale, 500,000,000 tokens will be available for purchase, representing 30% of the platform’s total supply.

http://aergo.io/

This article was written by Yuval Gov from CryptoPotato.com

Blockchain: What comes first? An Opportunity or a Threat

Blockchain, with time, has gained a momentum in the technological debate since 2016. First came Bitcoin (in terms of debate), then came Ethereum, Blockchain followed and now, every other Linkedin update announces an ICO launch or an exchange. So, what allowed these ongoing controversial talks? Performance, and the unexpected promise of decentralized Technology-Power by the people and for the people. However, the world took time to understand that Bitcoin was a cryptocurrency powered by Blockchain, but it did not take time, for the Governments and the Banks to sense the threat; a threat to their decades of established control.

No doubt, Blockchain represents an important opportunity to revolutionize payments, supply chains, and revenue streams but it is also true that there are several unknown risks for both organizations and governments. What business leaders fail to understand is the actual grip of this emerging technology, which, does require an explaining!

Opportunities: Blockchain

The adoption of IoT (Internet of Things):

The blend of physical and digital worlds, IoT has been around some time now; 2017 saw around 31% increase in IoT connected devices, i.e. around 8 billion, according to an analysis firm, Gartner. This is set to reach 20 billion connected devices by the end of 2020. Now, since IoT is not the only serious technology on the run, accounting backbone, blockchain technology is capable to fix one big problem of IoT, i.e. security infrastructure.

In addition to the security fix, IoT can now expand its capabilities, that is ensuring a reliable and fast connection. Means, that in so many ways, Blockchain and IoT are a perfect pair. Blockchain’s inevitable decentralized network and embedded smart contracts are the significant solutions for IoT security concerns. Let’s have a look at the benefits of convergence of IoT and Blockchain:

  1. Flexible and new jobs in organizations
  2. Real-time data analysis and aids
  3. Revised customer experience
  4. Intelligent machines with a capability of automating tasks
  5. Reduction of waste in the supply chain
  6. New jobs in flexible organizations

According to me, Blockchain and IoT will be the best of friends in the coming 5 years.

Streamlining business across borders:

To define Blockchain in terms of business; it is a facilitator of automated tracking of every single transaction. Having a potential of at least partially automating accounting and compliance, Blockchain has opened doors to a more transparent auditing, further connecting industries with new global customers, an aim every industry pledges for.

According to Fay Shong, who is the Oil & Gas Strategy Leader of EnY, quotes: “Blockchain has increasing relevance to the oil and gas industry as a mechanism to reduce operating cost. Even more relevant, however, is blockchain’s ability to transform the contracting process given its aptitude to provide a secure form of collaboration across multiple parties”

He continues to mention: “As the oil and gas industry increasingly leverages sensor technology across upstream and downstream assets, the ability for blockchain to store transactions and accounting data directly on these devices can compress process time by connecting assets directly to services contracts.”

Not only this, Blockchain, which was originally created to power cryptocurrencies, can also forge a system of a brand new foreign exchange which can reduce the additional costs involved in doing cross-border business.

Commerce and Government:

The whole framework of global commerce presents a clean opportunity for blockchain implementation. The blockchain is more convincing in this sector as it has a power to create a borderless network architecture, which can enable cross-border transactions instantly. The best part is that it can remove the now-necessary and tiring steps of several approvals. In short, the whole cost of trust that is now heavy on commerce industry can be dropped. Removal of middlemen, transaction fees of SWIFT and delays can materially diminish.

Moving towards the Governments, which are always charged with a host of duties and responsibilities can be now (finally) be discharged for the benefit of citizens. How? Blockchain can be used for safeguarding state and financial services, also assist in establishing unique identity management systems, enable safe document processing, and secure transmission of sensitive information. Since efficiency is the main problem Governments face, and painfully, all the potential progress is slowed down by bureaucratic red-tape, Blockchain can eliminate countless man hours and create a digital ledger of secured information which will be untouched and uncorrupted.

Threats: Blockchain

Dealing with the consistent Disruption:

Information is power and Blockchain has a huge potential to increase the amount of information available. New leaders will find a way to access this hidden information packed in forms of data and further analyze it, which will always be at a risky game. Since Blockchain disruptions are already happening, no denying in that; it cannot be entirely assured that it is secure and unhackable which means that the probability of a hack and data exploitation is undoubtedly high.

Since Blockchain is still fragile yet powerfully promising at this stage, industry leaders feel their current dominant positions as challenged. Coming to the most plausible part, Blockchain – a provider of an automation system built exclusively for reserving authenticity of businesses, is capable of making many career paths obsolete eventually creating new ones for the generations to come.

Chances of outside attacks are more than half:

Since Blockchain is so far theoretically enduring; meaning, the past records lying on the whole network is incorruptible, the chances of the whole network to increase in size is evidently high. However, not all Blockchain application needs to be established on a large scale network; this alone fact unlocks the probability of an outside attack by a good 51%. Speaking technically, a 51% attack is a situation where a group of nodes that controls a 51% hashing power of the entire Blockchain network; a simple code manipulation can ruin the whole network. The consequence of the same is a recipe for disaster.

Blockchain and Environmental regulation:

The whole Blockchain implementation requires several systems located at different places owing to its decentralized rule, this alone, contributes to the fact that a lot of electricity is required to power it. Since the whole Bitcoin network is already utilizing tons of energy, this burden will eventually become considerable and later debatable. A large-scale implementation of Blockchain will soon invite a lot of opposition from world leaders and that day won’t be far, where ugly politics gets woven in it.

How Brands Go Local with a PATRON Global Platform?

The rise the of social media influencers and opinion leaders market has experienced steady growth. Now it is estimated to be over $1 billion. By 2019, that figure will double.

While some marketers still question the value of influencer marketing, it has become one of the most effective marketing tactics for many successful brands.

What you should know about “Influencers”?

“Influencers” are able to ride the wave of viral content. They know how to Increase the number of followers and their own content visibility, and can share some of the audience with brands. Sometimes totally for free, sometimes for money. That’s how they work – by creating their own brand and promoting others.

Some brands pride themselves on working only with unpaid brand advocates in their marketing efforts. But in the most cases, brands pay for content. The average price for a single post on a million-followers social media channel is estimated at $763. To spend less and get a better conversion rate, your marketing team should be familiar with the marketing landscape of the region you like to penetrate and know exactly which internet celebrity to scout. We can say, that today’s challenge is localization and how to connect local influencers with global brands on a larger stage.

American celebrities are well-known all over the world. Let’s take Kim Kardashian. She has fans in different countries and products she mentions in her social media are desired by them. People like to follow and admire, but would they be ready to wait for a month for lipstick?

To reach the local market it’s better to work with local influencers. For example, in Japan, social media is an intricate part of society with over 31% of the total population currently active on Twitter. And it is not easy to work with socially active people there if you are a foreigner, because you need to have knowledge of different cultural nuances. For example, what is a more important, the image or text in your post? Or maybe the best solution is manga?

Imagine you work in a marketing department of a European company, which is going to expand to the Japanese market. How will you look for ambassadors? It is hard to find appropriate people for exact brand promotion in an unfamiliar region. It can be laborious to book a local Japanese influencer in a cross-border campaign. But this is what PATRON is looking to solve. We want to create the sharing economy for influencers that can be leveraged globally.

Many influencer marketplaces focus exclusively on celebrity-level influencers with more than 250,000 followers on their social media platform of choice. At the same time, companies choose superstars because they are easy-to-Google. However, having an impressive amount of followers doesn’t necessarily equate to an influencer being able to motivate their fans to action.

Micro-influencers are the new black

Celebrity-level influencers set their rates based on the access to their large follower base. That’s why they are high. Another reason for high-priced promotion by the elite tier of influencers is that they have agents or agencies represent their interests and you have to work through them to come to an agreement. Micro-influencers, or niche bloggers, on the other hand, may have a significantly lower cost-per-engagement, and be able to drive more qualified traffic to your needs. To find such people in different countries you might need help from local professionals. They will conduct special research for your brand to form a list of the most efficient influencers and you will pay for their expertise. At once all of them have their pool of contractors or some home-grown bloggers they promote. Instead of it, you may get an access to an enlarged catalog of influencers without any barriers. Our decentralized platform Patron was created especially for this kind of business.

One more thing you need to understand is the quality of an influencer, while engagement and followers can be quantified, the qualitative ROI for an influencer marketing campaign can be difficult to assess. Your project’s social account can get thousands of followers, who will check news about sales, new products and even “like” them, and etc. But how many of them will really make a purchase? Only such people are counted in ROI.

We spent many sleepless nights working hard and come up with a solution. Developing PATRON we will use three methods of measuring the value of an influencer.

  1. Are they reachable and able to disseminate content easily?
  2. Are they engaged and have engaged followers?
  3. Are they trusted within the community?

These are the foundation of a successful campaign. A more advanced scenario is a win-win outcome for both, the brand and the influencer – it’s what PATRON seeks to provide.

We will be glad to hear from you! Please, don’t hesitate and ask our team any questions you may have via our official social media accounts. And also follow PATRON’s news and stay tuned!

U.S. Congress Endorsed Blockchain Technology as “Revolutionizing”

In this flood of bad news, cryptocurrencies found its place with it most famous member, Bitcoin. In the sphere of “Global News” Bitcoin was a second most googled word in 2017. This surge of publicity was followed by the surge in prices and this had to be addressed by global powers.

In March this year, The Joint Economic Committee Congress of the United States of America issued Joint Economic report. Chapter 9 of the report is titled “Building a secure future one Blockchain at a time”. Chapter recounts emergence, possible use and future regulations of the technology.

Blockchain Potential

The report states that with the blockchain there will be economic benefits of tackling cybercrime. Also, with its unique decentralized network, it is the main candidate for future better-secured networks. Blockchain technology is praised as nearly invulnerable to cyber-attacks. Also, it is stated that Blockchain is revolutionizing the way the world conducts commerce and shares information.
The report explores the idea for various blockchain uses beyond just the financial layer. It is said that blockchain technology could show promising results in the field of healthcare. Its decentralized network could serve as a secure way to store medical records digitally.

Initial Coin Offerings

In the report, one section is dedicated to Initial Coin Offerings (ICOs). They are defined as a means of raising capital through issuing tokens to be used in exchange for services or goods offered by a given company. ICOs are evaluated as equity preserving and less costly than Initial Public Offerings. ICOs are also offering an advantage to bootstrapping fundraising for future upgrade and maintenance, through transaction fees, token appreciation, and donations. It is concluded that blockchain ventures that succeed, “could transform the way the internet and technology work for decades to come.”

The ICO’s are taking the internet by storm, and all are looking to become the next Bitcoin. ICO owners must make sure to get their ICOs registered on the top listing platforms to entice capitalists to invest in their ICO. At the same time, the listing platforms will help investors find the best ICO online for their investment.

TheTokener.com aims to publish detailed reports of all finished, ongoing and future ICO’s and token sales. Users can read the news, find bounties and write reviews about their favorite ICO’s or find upcoming events. The website is built with a solid technical background which enables us to iterate TheTokener to a full-fledged information platform incrementally.

Future Regulations

The report states that future regulations should bring more clarification to the field. One of the main issues is the definition of what constitutes a digital asset and how they should be regarded by the law. New policies should be suitable both for taxpayers and regulatory bodies. The great news is that the report states that flexible, collaborative and innovative solutions are the best way for blockchain to thrive. Any constrictive regulations may harm this emerging technology and hinder it “from reaching its full potential.”

Conclusion

Crypto space today is flooded with a lot of different opinions regarding future regulations. Maybe the best way as far as predictions go is to look at the official analysis of government sectors. This report stated some strengths and weaknesses of crypto community nowadays. Weaknesses are manly in the sphere of regulations.

With flexible future regulations, it will be possible for blockchain technology to showcase its full potential. As far as the strength of the technology in itself is regarded, there is a consensus that blockchain is the future. Also, there are quite a few promising official statements regarding cryptocurrencies. A buzz about cryptocurrencies is strongly justified as the technology could be the greatest progressive step since the early ‘90s and the internet. This is certainly one thing where the general public and government bodies agree upon!

How Not to Fall for Scams – Rules Of Choosing ICO

ICO flow is growing as well. Are you interested in healthcare? There is Well platform that connects patients and doctors. Do you want to create your own cryptocurrency? Support Hero startup that makes it possible in only two clicks.  Do you respect eSports? Invest in Game Stars that helps to monetize tournaments for cyber sportsmen.

It’s obvious that many frauds are entering the market together with such a demand. It is estimated by consulting company Satis Group LLC that 80% of analyzed ICO are scams and only 8% of projects are allocated to crypto exchanges. How not to lose your tokens in scam projects? Read below.

“White noise in your head”

It doesn’t matter how much you believe in people, there is a need to start with soulless documents. The most important document of any ICO is the White Paper. This is where you find plans for the team for gathering millions of your tokens. The project, its use and plans, business plan and market analysis should be introduced in the White Paper – it should look like a decent presentation for the investor. It’s a benefit if the White Paper includes parts of the code, links to a repository (storage location of funds) and technical details of the project.

The simplest way to figure out that the project doesn’t fit you: you didn’t understand anything in these documents and there is a white noise in your head. Don’t think that you are not advanced enough for those specialists if the project is described with the use of complicated technical terms and calculations. Quite often there is a scam hiding behind smart words.

“Bam! and they have launched”

Check out launch dates of the project while reading the documents. There is the 2nd important document for that – Roadmap. It should have a detailed information about further actions and dates. First of all, they should simply match in all documents and be adequately evaluated. Do not expect the release of the project a month after the fundraising stage if you don’t even see a prototype. And yes, the prototype is a good sign of a fair project. If the project presents you a super-quick time-frame, it can be a scam.

“What’s the address…”

Keep on reading the documents. Check the registration of a legal address, its existence (it’s easy to do in Google Maps). Check the domain where the website is registered. For how long does it exist? Was it created only couple days before just for the ICO purpose? Ideally, the project should have some achievements and communities around it. Check the ICO ratings at icorating.com, tokentops.com/ico/scam.

“Who are those people”

If the documents are alright then it’s time to check the team and its past. The website should have information at least about a part of the team and it’s not the right time to be modest – if you don’t see the list of people achievements, their portfolio (preferably in the same field) there is a reason to think about what they can actually do. Google names, contact information, addresses, check out social network profiles. Just meet people – what if they aren’t going to contact you? You can also reach advisers of the project and other investors (for example on bitcointalk.org) – it’s more fun to take a risk together.

“Where have I seen this”

The laziest scam-producers just copy other websites, project description, and any other information. Check the website for plagiarism.

“Money, a lot of money”

There are no miracles – if you have a feeling that “Now my life will significantly change!” after you’ve read the info about the project, well, sorry to say but it’s a scam. Adequate ICO doesn’t offer enormous profit, cosmic referrals and don’t assure you in minimum risks. Don’t fall for classic Ponzi Scheme – a promise of high profits and guarantees.

“Half of the kingdom in addition”

Take a good look at the investment subject – what will you get in return? Learn about tokens – what the coin emission is, what blockchain, why tokens will increase in value if it is possible to buy coins back if there are any bonuses for coin holders. The most important – what value will they present after the end of the ICO. The team usually offers a percentage of profits, discounts for services and products of the project, tokens also can be used as an internal means of payments. There shouldn’t be any problems with withdrawing funds. Tokens are mostly issued with an open code. It doesn’t mean that the project will be a scam if the code isn’t opened, but sometimes it turns out that closed code means its complete absence.

ImToken, Ethereum Wallet Is Shifting Its Headquarters To Singapore In Preparation For Global Expansion

The Chinese startup created one of the first digital currency wallet apps for the Ethereum (ETH)blockchain. The firm has been planning on scaling up this year to achieve a global market although 70 percent of its clientele comes from China. The ImToken app currently has around 4 million users but the firm hopes to reach the 10 million mark before the end of 2018. Half of that figure is expected to come from outside its home country.

Singapore’s critical role in the cryptocurrency market

imToken CEO Ben He stated that having the new headquarters in Singapore will allow the company to reach out and expand its services to more countries. He also revealed that they chose Singapore because the country has been welcoming to Bitcoin. The country has become a safe haven for Chinese startups in the blockchain and cryptocurrency industry especially after Beijing turned aggressive after ICOs and cryptocurrencies in 2017.

Cryptocurrency mining giantBitmainalso launched its regional headquarters in Singapore a few months ago while the Huobi cryptocurrency exchange also has its operations in Singapore. ImToken has always been eager to be on top of trends and it claims that this characteristic has allowed it to gain cryptocurrency assets worth more than $35 billion over the past 12 months. This means it is now roughly the same size as a medium-sized Chinese commercial bank.

The IDG Capital funding

ImToken has revealed its plans for Singapore just days after it announced that it managed to raise roughly $10 million through a Series A funding from IDG Capital. The latter also participated in raising $75 million for Coinbasethrough a Series C funding round and a $50 million funding round for Circle.

The new funding round for ImToken makes it the latest entry into IDG Capital’s investment portfolio. The Chinese Ethereum wallet startup plans to invest the money towards the development of new features for the ImToken wallet including the addition of support for other blockchains including that of Bitcoin (BTC) and Eos (EOS).

The raised capital will also be used to study Singapore regulations and also facilitate the launch of ImToken 2.0 in new international markets. The expansion will initially focus on the South East Asia market before expanding into other Asian markets. Ben HE also pointed out that the company has to do its due diligence especially because of the rapidly changing regulations as well as strictness from governments.ImToken also plans to double down on African countries where it has already developed a user base. It also plans to expand its services in the U.S at around the same time as its international expansion.

The number of new startups focusing on cryptocurrency wallets have also been on the rise, meaning ImToken should expect heavy competition. It is therefore important for the startup to make sure that it takes measures aimed at keeping the competition at bay and helping it to stay ahead.

Top 5 Altcoin Cryptocurrencies Exchanges

What is a Cryptocurrency Exchange?

Cryptocurrency exchanges are businesses that operate like stock exchanges where people go to buy and sell digital currencies. Simply put, they are online platforms where people exchange cryptocurrencies for other cryptocurrencies or fiat currency.

There are two types of cryptocurrency exchange

Fiat Exchange

A fiat cryptocurrency exchange is an exchange that allows the use of fiat currencies (USD, Euros or GBP) for the purchase of digital currencies.

Cryptocurrency to cryptocurrency exchange

Cryptocurrency to cryptocurrency exchange allows virtual currencies to be traded for each other. In this case, a person may hand over Bitcoins to get a certain amount of Ethereum.

Below is a list of the top 5 cryptocurrency exchanges in the world.

  1. Coinbase
  • Fiat Support: Yes
  • Order Types: Market, Limit Stop Limit
  • Transaction Fees: No Marker fees, moderate taker fees

Coinbase should be a good start for novice traders looking to find their way in the cryptocurrency business. The cryptocurrency exchange comes with a user-friendly interface that makes it easy to buy and sell cryptocurrencies.

Coinbase is a reputable cryptocurrency exchange, backed and trusted by millions of customers. The exchange platform makes it easy and secure to buy, use, store and trade a wide range of cryptocurrencies.

The exchange accepts credit cards, and banks account for the purchase of cryptocurrencies, ranging from Bitcoin to ether, Litecoin, Ripple among others. Coinbase does not have restrictions on who can carry out transactions on the platform as it allows people from all walks of life regardless of jurisdiction.

The fees for buying a cryptocurrency using a credit card are currently pegged at 3.99%, while fees for bank transfers are pegged at about 1.49%. The exchange has a sign-up bonus of $10 in Free Bitcoin for the first $100 order than one makes.

  1. Binance
  • Fiat Support: No
  • Altcoin Support: Yes
  • Order Types: Market, Limit Stop Limit
  • Transaction Fees: 0.1%

Binance is a Hong Kong-based cryptocurrency exchange that charges some of the lowest fees for cryptocurrencies transactions. The low transaction fees are made possible by the fact that the platform is funded by its underlying coin BNB.

Binance is a crypto to crypto exchange, whereby cryptocurrencies are used to buy other cryptocurrencies rather than fiat currencies. The platform comes with two interfaces one Basic, which is designed by those that are just getting started and Advanced suited for experienced users.

Binance is perfect for those looking to trade an excellent array of cryptocurrencies at low transaction fees of 0.1% per trade.

  1. CEX.IO
  • Fiat Support: Yes
  • Altcoin Support: Yes
  • Order Types: Market, limit stop limit
  • Transaction fees: Moderate taker, lower maker

Cex.io is a fiat based cryptocurrency exchange that allows people to buy a wide array of cryptocurrencies using fiat money. The exchange comes with a personalized and easy to use dashboards for trading various cryptocurrencies. The exchange also offers security, high liquidity, and cross-platform trading.

Based in London, the exchange is available to 99% of the countries in the world. It is also the first cloud-mining provider as it also doubles up as a multi-functional cryptocurrency exchange. The exchange is perfectly suited for individual businesses and corporation looking to buy various cryptocurrencies with no limits.

The exchange compensates for the lower transaction fees it charges by charging a premium on Bitcoin price.

  1. HitBTC

Launched in 2013, HitBTC cast itself as an advanced Bitcoin Exchange that allows people to trade bitcoin in exchange for other cryptocurrencies such as Ripple, Dash, and Zcash.   The exchange also provides support for Ethereum, Litecoin Dogecoin, and Monero among others.  It claims to provide the most reliable, fast and powerful platform solution in the market.

The cryptocurrency exchange uses the 2-factor authentication advanced encryption technology and uses cutting-edge matching engine technologies.  The exchange also offers cold-storage services for cryptocurrencies.

HitBTC charges as low as 0.1% in fees for every marker trade that people make. Traders also stand to enjoy 0.01% rebate on LP orders. The exchange has no limits on deposits and withdrawals.

  1. YoBit

YoBit is a Russian based cryptocurrency exchange founded in 2015.  YoBit platform allows people from all walks of life to buy and sell a vast array of cryptocurrencies.  In addition to bitcoin, the exchange offers support to hundreds of other Altcoins.  The exchange currently supports two fiat currencies, the U.S dollar, and the Russian Ruble

Some of the deposit methods include Payee AdvCash, Perfect Money, and QIWI. The exchange also accepts cryptocurrencies from digital wallets which can be exchanged for other digital currencies in the trading platform.

YoBit does not charge any trading fees, it is also free to deposit money into the account. Withdrawal fees vary depending on the mode of transfer. Cryptocurrency withdrawal fees are pegged at 0.0005, Perfect Money at 5%, Payer 7% AdvCash 4% Credit card 4%.

YoBit offers the option of two-factor authentication for people who wish to secure their account as an added layer of security.  Also, a bonus program rewards frequent users of the platform.

Conclusion

While all cryptocurrency exchanges serve the purpose of letting people buy and sell cryptocurrencies, they differ a great deal. That said, when it comes to selecting a platform to use to buy and sell cryptocurrencies, it is essential to look at exchange fees as well as the number of coins supported, as well as the location in which it is available.

Customer support is also essential as from time to time one may need help to be able to complete certain operations.  It is also important to consider whether an exchange is a fiat or crypto-based.

How is Ethereum (ETH) Connected with EOS?

After the advent of Bitcoin, it didn’t take long for people to understand the potential behind its technology and from there started a phase of blockchain based project development which created some of the current crypto giants. Ethereum is and has been an influential blockchain project and its market situations have always reflected the overall crypto market’s sentiments.

EOS has become the talk of the hour due to its capabilities, the goal of replacing Ethereum, Mainnet launch, exposed vulnerabilities and suspected ETH sell-off staged by its team a few days ago. Things between EOS and Ethereum are evidently competitive as they aim towards the same objective which is facilitating the production of DApps (decentralized apps) on their platform.

In this article, we shall dive into the details and point out where the major difference lies and discover the influence of EOS mainnet launch on ETH markets.

EOS vs ETH: Differences Between Ethereum and EOS

The structure, markets, and support behind each of these projects are quite different. Ethereum has been live and up since 2015. The core of Ethereum is a decentralized platform which runs smart contracts. Countless businesses and even enterprises have joined Ethereum Alliance in order to create applications for safer transactions, recording vital data on the blockchain.

EOS is, however, a newer project which operates using the same model as Ethereum, its launch is slated for June. Crypto analysts believe that being newer than Ethereum would give EOS an upper hand and provide them with a chance to better leverage the recent technologies and also increase the number of transactions per second. But all of these are speculations since all we know is what EOS aims to do. Despite the increasing hype around its platform release, there are no practical examples to back up their claims.

It’s important to keep in mind that both Ethereum and EOS have different target markets. Ethereum has become a successful blockchain project which is leading smart contract platform for organizations to build DApps in the industry of financial services.

Is EOS Really Ethereum Killer?

EOS is sometimes called the Ethereum killer because it targets the major flaws of the Ethereum ecosystem such as scalability, usability, and functionality with its newly developed technology. EOS will be launched using a DPoS protocol which will increase its chances to outdate Ethereum’s PoW consensus protocol. EOS has made it publicly known their DPoS network will allow their platform to hold 1,000 transactions per second which in case of Ethereum is merely 15 transactions.

But once we understand that all EOS has done is to promise its users greater efficiency and facilities, it’s going to be tough competing with Ethereum which already has numerous supporters all over the world due to its constant development and affordability. It’ll take EOS more than speculations, hype, and claims to take down Ethereum.

Impact of EOS Mainnet Launch on ETH Market

People who have been monitoring the global crypto markets can’t possibly miss the obvious Ethereum sell-off that took place on 28th May on Bitfinex. While Ethereum was trading above $570 USD this sell-off managed to shoot down ETH by 8.49% at the point of $515 USD within 24 hours. Analysts and news agencies tried to reach the bottom of the situation and ultimately tied it to EOS team.

The first tech site which pointed it out was trust node and they speculated that this crash could be linked with Binance recent addition of EOS/Tether pairs. According to their report, the trade took place at Bitfinex which is one of the largest and most influential crypto exchanges, for almost an hour and within that hour approximately 180K ETH was exchanged.

Since only one exchange (Bitfinex) was seen to be complying with the sell-off and not OKEx or GDAX therefore, it’s being suspected that there was either one team or one person who caused this crash which is most likely to be EOS. The EOS team was recorded to spend around 1 million USD on Ethereum just four days before this sell-off.


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Final Thoughts

Currently, Ethereum is gaining 1.33% as its trading at $582.19 USD and its market capitalization has touched $58 billion USD while the exchanged volume is $2 billion USD.

When it comes to EOS, markets are still in the red after epic vulnerabilities were found out by Chinese internet security giant 360. At the time of writing, EOS individual price is $12.24 USD and its total market capitalization has gone down to $10 billion USD.

This recent price manipulation has proved the CFTC investigation is required to save investors from such schemes. But it will be long before a definite step is taken. Crypto enthusiasts are hoping the current market situation changes soon with the EOS Mainnet launch. Many EOS supporters believe that EOS will be closing in on Ethereum in the days to come.

The article was written by Global Coin Report.

4 Reasons Why Google Experts Joined Game Stars Team

The Team

A strong team is already a half of success. Game Stars platform was created by gaming and blockchain enthusiast who believe in their work. Experience in digital marketing and PR, blockchain and cryptocurrency industry is a great benefit for the project. One more advisor Daniel Laufenberg has been leading teams and architecting client solutions in Google and Cisco over the past 4 years. He currently works as a senior development engineer in Exadel and responsible for all stages of the development lifecycle of products.

The Token

Game Stars Tokens or GST are the main currency of the platform. Tokens are based on Ethereum platform (ERC-20) and have a limited emission of 500 million. GSTs are widely used for all actions in the platform: issuing smart contracts, paying tournament participation fee and prize fund forming; payouts for all platform participants.

GST token is already in demand: the pre-sale stage had a complete sold out. The price will increase together with the demand:

  • Tokens can be purchased with Bitcoin (BTC) or Ethereum (ETH).
  • Token emission is limited and there won’t be enough tokens for everyone willing to buy them.
  • Unsold tokens will be burned as soon as the Token Sale is over
  • Tokens will be allocated for exchanges after the end of the Token Sale. GST holders will be able to sell tokens at a higher price.
  • As soon as the project reaches Hard Cap point the shortage of tokens can be caused by only 50.000 basic or 14.285 profit-users signing up for the platform.

The Platform

Game Stars platform tends to create the evolution of eSports by providing market participants with one solid solution. Players, managers, organizers are facing several problems:

  1. lack of market infrastructure;
  2. lack of funding for beginner cyber players;
  3. non-payment of prize money;
  4. unfair tournaments.

The platform provides solutions for all contributors using the blockchain and smart contracts:

  • smart contracts are issued for each player together with personal tokens. Players can sell their tokens, raise funding for their professional development.
  • sponsors can evaluate cyber sportsmen based on players statistics, support the most promising gamers and get a share of their income.
  • managers can raise funding for their team development and look for new players
  • everyone now can organize own tournaments. Terms and conditions are powered by smart contracts. Thus the problem of frauds is excluded, prize-money payouts are made completely and in time.

Participate in the Token Sale at the official website, get 20% bonus tokens until June 13th, 2018. Subscribe to accounts on Facebook, Telegram, Telegram chat to get the latest news about the project.

ICO vs. DAICO: What’s the Difference?

What is an ICO?

ICO is an acronym for Initial Coin Offering and refers to the creation and sale of digital tokens. In this case, a person or a business may create a set number of tokens, like stock shares, and then sell them to early investors in a bid to raise capital to finance a given project.

What happens in most cases is that projects create a certain amount of digital token and then try to sell them to the public in exchange for other cryptocurrencies such as Bitcoin or ether. For people that participate in ICOs the ability to take advantage of the benefits of the new tokens such as being able to use them to access a new service is lucrative as they can achieve two purposes:  a speculative investment as well as the token’s services.

People are also likely to buy new tokens in an ICO in anticipation of their value rising depending on the value of the underlying project they are being used to finance. Tokens of projects with vast prospects of success are usually listed on exchanges where initial buyers can sell their holdings, and new buyers can join the project.

To participate in an ICO one must register on the website of the firm offering the ICO by essentially adding an email address in a process known as ‘getting whitelisted.’ Once an email is registered, companies usually send Know your Customer KYC or Anti Money Laundering forms as part of the identification process.

What is a DAICO?

A DAICO, on the other hand, is an improvement of an Initial Coin Offering and incorporates certain aspects of a Decentralized Autonomous Organization. The idea about DAICO was first suggested in January 2018, in response to growing cases of fraud around ICOs

DAICO’s are designed to make ICOs look more secure by allowing investors to participate in the initial process of project development. DAICOs allow investors and token holders to vote for a refund on invested funds, whenever they’re not happy with project developers and the progress being made.

A DAICO operates by first, a development team publishing a smart contract that is used to raise funds. The contract comes with a feature that allows investors to send money to the project in exchange for network specific coins. The sale can be capped or uncapped.

Once the fundraising period ends, the smart contract will prohibit anyone from contributing further. The DAICO smart contract will then distribute the token balances after which the token becomes tradable. The tap variable feature comes into effect ones the token sale is closed. This feature is programmed to predetermine the amount per second that developers can withdraw from the token sale funds.

ICO vs. DAICO: The Differences

While both ICO and DAICO provide a way for projects to raise funds through token sale, they also differ a great deal.

Influence

With DAICOs, contributors or token holders have more say and influence on the direction of a project. This is made possible by the fact that they are part of the project, right from the initial stage, unlike ICOs that are typically used to raise funds for projects that have already started.

Funds Control

DAICOs provides a framework in which developers of a project cannot use funds as they wish. All decisions, in this case, are decentralized. There is a predetermined way of how funds from a token sale are withdrawn and used to finance various project development stages.

The same cannot be said about ICOs where project developers have full control of funds collected and can decide to use them as they find it fit.

Funds Refund

Once funds are raised with an ICO model, they cannot be refunded to investors or token holders even on a project stalling or getting terminated along the way. However, with DAICO there is a provision that allows investors to get a refund in case a project is terminated or stalls.

Investors in DAICOs are entitled to a vote where they can decide the fate of remaining funds if they don’t wish to proceed with the project.

Project Development

Once a team raises millions of dollars with an ICO, there is nothing to stop it from going on a go slow on the development of a project. However, with DAICOs, it is common for teams to remain motivated in a bid to bring a project to fruition, given the predetermined phases of development as well as how funds are to be used.


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DAICO: The New Evolution of Fundraising

A lack of regulations in the cryptocurrency space has forced many investors to be extra cautious especially on a number of ICO projects closing shop with people’s money. DAICO is slowly emerging as a preferred mode of donating funds in the cryptocurrency space, in part because it offers investors a higher level of security.

DAICO is the new evolution of fundraising in the cryptocurrency space because investors can control how project developers interact with funds collected. This aspect is expected to improve the ICO space that has been shrouded in concerns amidst growing cases of fraud and scams.

This mode of raising funds also acts as a deterrent to cybercriminals looking to take advantage of a lack of regulations within the ICO market, to steal from unsuspecting investors. The fact that investors have the power to dissolve a DAICO if they are not happy with the progress of a project also makes it a preferred method for investing, compared to ICOs.

DAICOs are expected to keep project developers on their toes when it comes to the development of projects as laxity of anyway, could lead to the dissolution of the entire project altogether. DAICO developers are thus expected to continue hitting their targets in a bid to stay operational.  This feature is not readily available with ICOs.

DAICOs could soon become the standard in digital fundraising given that they have the potential to introduce a level of accountability that lacks with ICOs. DAICOs are also expected to ensure that only worthy projects get listed and get to raise the much-needed finances.

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Interview with Franklin Song, Co-Founder & CEO of DATA

How was the idea of DATA born?

DATA was a brainchild of co-founders and college classmates, Franklin Song, Chairman of DATA Foundation and Victor Ye, Lead Engineer. They both studied Computer Science Master’s program in the US and worked in a large enterprise or social networks. Franklin had started three companies including the mobile game development house Soul Game and the mobile video ads optimization provider Yomob. Their interest in blockchain was rooted in the deep understanding of large-scale distributed systems and artificial intelligence and what the decentralized blockchain technology can be applied toward solving numerous shortcomings of known data fraud that exists and costs immensely in the technology world of advertising ecosystem where data has been created, consumed and paid for. According to the recent report, over 45% of the data traffic flowing in all the ads networks up and down the stream is fraudulent.

Thus Franklin assembled a team including experts that have had years of experiences in various advertising technology sectors and developed the DATA project. The central theme of DATA project is to provide a set of open protocols based on blockchain’s decentralized general ledger and powered by AI as well as to establish a data trust alliance.  The alliance is a vehicle with the shared goals to improve the efficiency of cooperation amongst data producers, data processors, and data consumers, benefitting from an effective reduction in data fraud on the entire ecosystem.

Franklin is the founder and chairman of Blockchain DATA Foundation. He held EE and MSEE from Tsinghua University and Yale University respectively and previously worked in MSRA and Oracle in Silicon Valley. Franklin is a serial entrepreneur. He also founded Yomob a service platform aiming at optimizing global mobile monetization. It has more than 2,000 mobile developers and serves 120 million global end users monthly. Yomob’s founding mission is to help mobile developers to succeed. However, during the process of providing advertising monetization optimization services, Franklin learned that fraudulent data flow has caused advertisers and publishers heavy losses and indirectly reduced the income of developers who are doing practical work. While the current Internet technology cannot prevent data falsification from the source. He hopes to find an effective way to solve the problem that “terminal data fraud” has become increasingly common and severe.

“Advertising fraud” refers to activities issued by advertisers, advertising operators, and advertising publishers intentionally make false goods or services during advertising campaigns, or hide the facts, which may cause consumers to make wrong consumption decisions. The White Paper for Anti-Fraud Advertising in AdMaster describes many types of fraud: Non-Human Traffic, content bias, material that hasn’t been shown, false sales leads, multiple activations or repeated conversions, and so on. In 2016, China’s invalid traffic accounted for 30.2% of the total. This is a 100-billion advertising market. Such a high ratio is an unimaginable waste.

Around June 2017, Franklin found his old friend Victor in Silicon Valley. Victor graduated from Tsinghua University and Columbia University and worked for LinkedIn, Twitter, and Snapchat. Since 2013, he has begun to study large-scale distributed system and had a deep research about data encryption and blockchain technology. Victor is making great efforts to explore its application and usage in real life. After several months of communication and research, they believed that Data Authentication is an area in which blockchain technology can really generate value. They decided to build a blockchain team in Silicon Valley and create the DATA project.

  • Can you explain the common people about your product?

DATA is a digital data authentication protocol based on blockchain and powered by AI technology and P2P mobile storage structure. DATA aims at providing an efficient solution for data producers, consumers, and processors, assessing the value of data through technical means, and preventing false data from entering the ecosystem, thereby enhancing the overall efficiency of the industry chain.

DATA Project is the new paradigm for a secured and trusted digital economy, where fraud is proactively detected and prevented much earlier before the damage ripples into the trading chain.  The entire data flow is open, decentralized and cannot be altered.

  • As the company accomplished its ICO, what has already been done and what are you going to create with the money collected by the ICO?

DATA only has done institution only private sale in mid-Jan 2018, we have made substantial progress in technology development, strategic partnership, and community building.

For technology development, we work on both the DATA main net and prototype.

The backbone of DATA is based on Ethermint open-source engine, whereas we are able to store extra content in user account system, it’s device level reputation data. Our internal test net is running in a small test suite that’s globally distributed. We plan to launch open test net and contribute code to open source in the second quarter, 2018.

In April, the prototype of DATA integration with Yomob Advertising SDK is successfully completed and tested. The prototype SDK is currently launched on one of Yomob’s developers, Zap Zombies. More selected partners will be introduced in the near future, and the SDK will gradually be rolled out to 2000+ developers and more than 120 million MAUs on Yomob platform. There will be a detailed guide to elaborate how to gain DATA reward soon.

In terms of the strategic partnership, we founded Data Trust Alliance, which is an alliance that aims to build an authentic and trusted data ecosystem. Currently, our members include Blue Focus – the largest communication group in Asia, Kochava – the digital marketing data analysis company and its blockchain based digital marketing platform XCHNG. These partners help expand the application scenarios and use cases by adopting consensus with  DATA protocol.  We have also formed a strategic partnership with blockchain projects such as Distributed Credit Chain (DCC), GIFTO (GTO) and Content Neutrality Network (CNN).

As for community building, DATA has nearly 130K fans all over the world. DTA tokens are held by 160K investors with over 230K total transactions. Last week, DATA’s Korean version whitepaper and official website have been translated by local blockchain marketing & consulting KryptoSeoul.  We will update our official website with the support of Korean language content.

  • How does DATA differ from similar services? How can your innovative service assist the advertising industry?

DATA system is composed of four layers:

  1. P2P mobile metadata management layer (M³), a off-chain storage that was inspired by IPFS but designed especially for mobile devices based on Distributed Hash Table (DHT) and Erasure Code;
  2. Blockchain layer, a standalone public chain built from a fork of Ethereum on Tendermint, the Ethermint project;
  3. SDK management layer, in which AI technologies are used to generate AI models for device level reputation modeling and transfer the reputation and activity logs into M³ for peer verification;
  4. Application process layer consists of protocols and smart contracts to perform fraud detection, micropayment, and other services.

In DATA, App developers are rewarded for integrating into the system while users are rewarded for their attention contribution under proof of attention (PoA) mining rules.

The DATA project’s most innovative edge is to proactively identify and measure the fraudulent user data before being injected into the entire network.  While fraud pattern is detected,  the reward is granted to a true user for his or her attention consuming the advertisements and to the associated device contributing to in the P2P mobile storage sharing.

Storing a large scale of user data on blockchain is challenging. DATA introduces a decentralized Mobile Metadata Management system (M³) to store data in end devices while record user reputation on-chain. M³ can also be applied widely as an open infrastructure in blockchain industry.

  • How can DATA improve trust between players in the digital ecosystem?

DATA Project is designed as an open-source protocol, to disrupt the digital landscape, using the most current and proven blockchain technology and powered by AI, enabling data authentication stacked in the decentralized infrastructure.  Data is highly encrypted, stored on the local device yet updated and shared in real-time.

In this economy, the reward is given to end users and publishers with tokens for the actual consumption. A reputation modeling is applied to determine the right amount of reward.  For example, a zombie device can be immediately detected as the pattern of attention is gathered and analyzed. Advertisers are pleased receiving solid ROI instead of spending on chasing and eliminating fraudulently. Trust amongst all parties is measured, certified and incentivized.

  • How can anyone join DATA?

As end-users, anyone can join DATA by signing up for DATA reward system on any apps that partner with DATA. Once register, users can get DATA points reward based on Proof of Attention (PoA) rules. And then, they can use DATA points to exchange for DATA tokens (DTA). Traditionally, users are not rewarded for watching ads on the Internet but in DATA ecosystem, every user can get a reward after paying attention to ads on partner’s platforms/apps.

As mobile developers or platforms, they can join DATA as publishers. Publishers will get a reward based on the “attention data” generated from end-users through using the apps or platforms.

As qualified companies or institutes, they can join DATA as validator nodes in the system. Rewards for validators are issued on each block creation following DPoS rules.

Here is specific guidance on how to get DATA reward token DTA for different players in DATA ecosystem.

In DPoS systems, validators (like miners in PoW systems) can be rewarded for their contribution to the network. In DATA, users and publishers get most of the reward for their attention and data contribution.

Tokens are to be distributed in the following manner:

Initial Launch:

The supply of DATA Tokens (DTA) at initial launch will be 11.5 billion tokens, out of which no more than 40% will be sold to Token investors, and the rest belongs to team, advisors, and Blockchain Data Foundation, subject to vesting terms.

PoA Mining-like Process:

The same amount of tokens as the supply at the initial launch will be distributed as Attention Reward in the mining-like process.

Each relevant contributor is properly incentivized according to the following principles:

  • Rewards for users and publishers are issued on a daily basis and follow this “Proof of Attention” (PoA) rules.
  • Users daily reward depends on its attention contribution represented by its reputation determined by validators.
  • Rewards for validators are issued on each block creation following DPoS rules.

As a first step when launching DATA prototype, it will allow our community to get reward under Proof of Attention (PoA). This will also enlarge our community and holder token since some no coiners will be converted to coiners by signing up DATA reward system.

The attention reward distribution amount has a halving schedule similar to that of Bitcoins (e.g. halving about every 4 years). And when the newly minted amount diminishes, we expect DATA and DATA Tokens (DTA) to become industry protocol and widely accepted. That is the time when advertisers start to purchase DTA as the currency in the ad flow, and the token flow gradually substitutes current money flow in the digital ads ecosystem. The DTA currency represents the real value of the opportunity cost of user attention, which is highly relevant to the user acquisition cost. Given that the aggregate market value of the Internet is continuously growing while the total cyber attention from humans is limited to, it is expected that the value of DTA will keep increasing as the time goes by.

  • Why did you need Token Sale?

As all technology startups, we need to raise fund for our technology development, user rewards, daily operation, and compensation. For that, we had rather successfully completed the institute-only private sale in January 2018.

For every player that contributes in establishing a healthier eco-system, we want to incentivize end-users, publishers, and validators with utility tokens that facilitate the process of data authentication in the ecosystem where such utility can be of true value.

  • What are your plans for the future?

We have made great progress accelerating our technology development on DATA chain and product.  In the meantime,  we are reaching out to more potential partners to join our Data Trust Alliance.  The latter is a crucial part as we intend to keep the ecosystem open to enable the creation of more application scenarios and expansion of a strong community growth based on the nature of consensus in ensuring fraud reduction and data authentication.

Here is the detailed roadmap for DATA project.

PHASE I: Development and Marketing

2018 Q1 Blockchain Data Foundation founded.

2018 Q1 DATA Project institution-only private token sale as ERC20 token on Ethererum. Marketing strategy formed.

2018 Q2 DATA first prototype initial testing including DTA distribution system and etc.

PHASE II: Internal Release to Test on Yomob

2018 Q3 Alpha launch of DATA Chain and system, integrated inside Yomob’s SDK (DATA version). First Go-to-market strategy executed.

2018 Q3 Finish Closed Alpha test with selected participants from developers on Yomob platform. Distribute DTA with developers, users, and miners.
2018 Q4 Conversion of ERC20 based DATA Token to a native token. Closed Beta launch of DATA on Yomob platform with most of its developers.

2019 Q1 Open Beta launch of DATA on Yomob platform. Release Beta version of DATA SDK Protocol.

PHASE III: Soft Launch to Early Adopters

2019 Q1 Start industry collaboration with initial strategic partners including both ad networks and developers. Start building DATA ecosystem and generate DTA.

2019 Q1 Release Alpha Version of M³ for initial testing.

PHASE IV: Launch for Broader Adoption through Ecosystem

2019 Q2 Fully functional DATA system to include a wallet, micropayment. Provide external APIs / SDK solutions for developers to enable the in-app purchase of virtual goods and services to their end users.

2019 Q2 Release Beta Version of M³.

2019 Q3 Partner with selected industry strategic partners such as mobile SaaS service providers, App Stores, developers, ad networks, DSPs, ad exchanges, SSPs and etc. for utilizing DTA as a currency for more use cases.

2019 Q4 Offical launch of DATA Project and parallel marketing promotion for broad industry adoption. Open invite to engage partners up- and down-stream of the ecosystem.

Overall, the planning in our roadmap is rather conservative, but it guarantees the punctuality of our delivery. We expect our progress to be much faster than that presented in the roadmap. Our goal is to build a large ecosystem and we have to start off with small groups of communities and then grow them into something big and self-sustainable. There is no doubt that we have a long way to go. We hope that, together with our great community, we can move forward step by step and eventually find our position in not only the blockchain world but also the broader society.

SPINDLE Project Goes in High Gear, to Be Listed on FIVE Cryptocurrency Exchanges

BLACK STAR&CO., co. ltd, (hereinafter referred to as “BLACK STAR&CO,” head office: Chiyoda Ward, Tokyo, CEO: Masamitsu Hirai) has announced that, as part of the SPINDLE project it has been promoting in conjunction with its partners both home and abroad, its SPINDLE tokens (hereinafter referred to as “SPD”) have been listed on five cryptocurrency exchanges around the world as of May 21, 2018 (Mon).

This reflects high market expectations for the SPINDLE project and we will strive with our ZETA platform. This listing will give SPD high liquidity and put the project in high gear. SPINDLE/ZETA project started with the hope of promoting investment among the public rather than keeping it exclusive to the wealthy, and now we have proudly created the environment as a first step.

ZETA, the essence of this SPINDLE project, will be operative step by step (for more details, refer to our WP in the SPINDLE website). The expert teams of BLACK STAR GROUP (in the U.K. and Japan) with long years of experience in the financial industry have been promoting the SPINDLE project and ZETA to change the future landscape of investment in cryptocurrency. To realize the philosophy of founders, including early investors who favor the SPINDLE project and the abovementioned expert teams, we will leverage Blockchain and other state-of-art technologies to convert the philosophy into reality.

The listing of SPD is just the beginning to realize our vision. SPD will seek to be listed in more cryptocurrency markets around the world.

SPINDLE Token Issue

  • Token name and ticker symbol:SPD
  • Used blockchain :Ethereum ERC20
  • Type of token:Utility
  • The issuer name:SPINDLE FRACTAL ZONE LTD

Registration address of the issuer:4 Bedford Row LONDON, WC1R 4TF, United Kingdom

Total Supply:10,000,000,000 SPD

BLACK STAR&Co. co, Ltd.

8F BUREX Kojimachi,3-5-2, Kojimachi, Chiyoda, Tokyo, Japan. Zip 102-0083
CEO Masamitsu Hirai

Media Relations Contacts
Double Rainbow co., Ltd
Email: yoshinaga@doublerainbow.jp
koike@doublerainbow.jp

Coordinated Action against Bad ICO Players Underway

Federal U.S agencies are conducting the operation with the help of States also, to stem the tide of rampant scams in the industry. Officials have pointed out, not all ICO’s are fraudulent, but they have emphasized investors should be extremely cautious before venturing forth.

There are said to be over 70 inquiries and investigations currently taking place against different entities, and that 35 decisions are pending or nearing enforcement rulings. The agencies have stated they want to rid the cryptocurrency ecosystem of activity which is saturated with fraud. And one of the reasons officials say for the massive coordinated effort from the different agencies is because if they were to act alone – limited resources would make a full investigation difficult, the collaboration among agencies will likely create better results.


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Overall, these steps against ICO scams and the uncertainty of the industry will make investors and the ICO business a safer and legitimate fundraising platform.

Yaron Mazor is a senior analyst at SuperTraderTV.

SuperTraderTV Academy is a leader in investing and stock trading education. Sign up for a class today to learn proven strategies on how to trade smarter.

How To Trade Bitcoin And How To Avoid Scams

I remember a few years back: “Bitcoin? What’s that? Ohh, yea, that computer money BS. Come on, spend your time and money on something real”. Ahem… and what are you saying now, huh? Now everybody’s sorry they didn’t spend their time and a bit of money on Bitcoin when it was dirt cheap. Bitcoin is the new darling of the trading industry and everybody wants a piece of it (even a small piece will do) so let’s see how to trade it while avoiding scams – because there are LOTS of scams.

Dabble With The Markets

You must know something right off the bat: trading is very risky and requires skill and a lot of patience. So if you think you’re gonna open an account today and make a profit tomorrow, you are wrong (well, you could be incredibly lucky and then I would be wrong but let’s assume we are all lucky within normal limits). If you are already a trader who has experience with the Forex, or CFD’s, then the transition to cryptocurrency trading will be smoother, with less of a learning curve, but you still have to take a few things into consideration.

For example, the price action of the cryptocurrency markets is not the same as the one you’re used to from the FX world. The price of Bitcoin (BTC/USD) is all over the place, with fluctuations of up to 20% daily in some cases. This is unheard of for a Fiat market. EUR/USD moves 0.25% up or down on average. When you have a 1% change, you know something major is happening. Compare this with 20% and you realize how risky it can be to trade cryptos as opposed to fiat.

Also, some crypto markets have incredibly low volume and this means that a sudden capital infusion can create huge jumps and spikes. That’s why low volume markets are especially ripe for Pump-And-Dump scams. Of course, the Bitcoin market is huge in volume, so you are safe from pump-and-dumps but be careful if you’re trading low volume markets or unknown altcoins.

The Scammers Are Lurking: Trading Robots, ICOs And So Much More

There are scammers in the crypto space and that’s a given. Not “maybe”, not “possibly”; it’s a certainty. Knowing this, you can prepare for the worst and hope for the best. Maybe you should assume that everything is a scam… OK, that’s probably too radical but let me give you an example: The Bitcoin Trader is a software that claims to make you the first million within just 61 days by predicting the Bitcoin market with 99.4% accuracy. It is also given away for free to anyone who wants it. Do you want to be a millionaire? BOOM! You’re a millionaire. As simple as that.

If this Bitcoin Trader robot is not a scam, I don’t know what is. This is blatant but there are others, harder to spot, like the many ICOs that appear like mushrooms after the rain. Some are legit, but many are pure scam. I know they may sound appealing, with all the coin bonuses and marketing sweet-talk but that’s all there is: marketing. Many of the ICOs don’t even have a solid team with verifiable credentials behind them and their only purpose is to cash in during the pre-sale and sale, then disappear into the sunset, abandoning the project and all means of communication. All the above are a big reason for Google to ban Bitcoin ads.


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Do Your Homework And Stay Safe

Although it’s very appealing to just jump in and trade Bitcoin, please just take a moment to think about it. I am not saying you should stay away from cryptos – no way! – I am just saying that you need to think things through and always, always question what you hear online. If some random guy in a chat room says without solid arguments that it’s a good idea to buy something, it’s probably better to stay away.