Srp 31

CEX.IO After the Hard Fork

· August 31, 2017 · 9:24 am

As you well know, on August 1st, 2017 a hard fork occurred with Bitcoin that led to the creation of a new cryptocurrency. This cryptocurrency is being referred to as Bitcoin Cash which is represented by the BCH symbol.

This hard fork in Bitcoin means that a lot of changes have occurred in both currencies. There was an internal debate over what should be done in the future to handle the scaling issues in Bitcoin, and now it seems that a split into two different coins is the best way to proceed.

Background of the Split

The debate within the Bitcoin community was largely centered on how to handle the issue of scaling Bitcoin. There were two potential ways proposed to scale the coin: increase the block size or speed up transactions. The creation of BCH increases the block size which means more transactions can be done on one block, which is approximately 10 minutes.

BCH is referred to as Bitcoin Cash because of this feature. If you want to be able to pay for small transactions like coffee, then there needs to be a big enough block to support that. Previously, there was an issue with these small transactions because with the limits on block size, there had to be large transaction fees to discourage them. Now it is possible to use BCH to pay for many smaller transactions. This is very cash-like because there are no restrictions on the way you use cash, and in the end, Bitcoin was invented to be a money replacement in every sense of the term.

It is quite amazing that a new coin was essentially “created” on August 1st, and many will say that this signals the instability of the cryptocurrency world, but it is actually precisely the opposite. Rather than have hundreds of millions of citizens tied to one manner of managing the future of a currency, as the American dollar does, the cryptocurrency world allows for splits based on ideological belief.

This is much more democratic than any other method. Instead of having the Federal Open Market Committee, an unelected group of officials, deciding the future of the currency, you can actually choose which currency you believe in the most. In a way, this means you can “vote” for a currency by using it and eventually one currency will emerge as the most popular due to its merits.

CEX.IO Takes a Strong Stand on the Split

For any user of CEX.IO, this should all be good news. As one of the top trading platforms for cryptocurrencies, they went into the “hard fork” with a plan. It wasn’t entirely clear what would happen in the days leading up to August 1st, but the general plan was to get anyone who would want someone else to handle the split for them to deposit their coins ahead of time.

The Effects of the Hard Fork

So with the creation of a new coin, many would interpret it to mean that cryptocurrencies are unstable since there is still infighting in the community, but it is precisely the opposite. There was a disagreement on how to move forward and it was handled with finesse with little to no issues.

In the lead-up to the hard fork, there was a lot of instability in the price of Bitcoin as many perceived this to be an existential risk to the coin. Now that we are seeing this to not prove an issue, any future hard forks will be received with much less skepticism and should hopefully be seen as “business as normal”.

As the largest cryptocurrency, Bitcoin has received worldwide attention and many see it as a proving ground for the other coins. The world watched on as this hard fork occurred and the result should be increased confidence in the concept of cryptocurrency.

CEX.IO Plan of Action

CEX.IO was properly prepared for the hard fork on August 1st. Any coins that customers wanted split needed to be deposited at least 12 hours ahead of time. Likewise, any coins that weren’t meant to be split needed to be withdrawn by then.

In the wake of the creation of BCH, CEX.IO has elected to offer it as a trading option on their platform. This will be done on a trial basis in the beginning to gauge demand, and then a decision will be made in the near future. The top priority of the exchange is to ensure no one loses their BCH on the platform. Bitcoin Cash deposits and withdrawals have also been enabled on August, 16th, as the exchange made sure it’s been safe for its users.

It should be noted that some major exchanges like Coinbase have decided not to offer BCH as a trading option on their platform. This has created a good strategic opening for CEX.IO to gain some new customers and demonstrate their competitive advantage.

So depending on the future of BCH, you might well now be able to trade it on CEX.IO and pay with your coffee with it. The future of the coin is still up in the air, but things are looking bright.

[Disclaimer: This is a sponsored article]

Show comments

Share
Srp 30

The Blockchain ‘Uber’ of Car Towing, CarTaxi Launches Ethereum Based Platform

· August 30, 2017 · 12:56 pm

Russian blockchain developers CarTaxi have just launched the first global service for towing vehicles. The platform brings together a list of all car towing companies and is already starting to change the outlook of the market. In the two months following the platform’s initial launch, the service already operates in over 15 different cities. The company’s global launch will be later in the year and the company has already organized its Pre-ICO campaign, set to begin on August 30, 2017.

[Note: This article provided by BitcoinPRBuzz]

The global vehicles towing markets value is estimated at roughly 26 Billion USD and is expected to rise with an increasing number of new units in production. The industry is set to prioritize obstruction-free traffic, enforcement of law and order, and the convenience of vehicle owners.

 CarTaxi has created a network of registered and licensed car towing service providers, through the implementation of blockchain and cross-platform programs. The company believes that they made a significant breakthrough in the level of service they can provide for both corporate and private clients. CarTaxi has stated that they have introduced more accountability into the industry and subsequently provide easier access to the most suitable towing company for all users. Registered users of the platform will be able to bypass long phone calls and instead call a towing service with the CarTaxi smartphone app.

CarTaxi can see the potential benefits of blockchain technology for their business and have outlined a plan to implement it based on Ethereum and expedites payment transactions, between car towing service providers and stakeholders. This will also provide transparency in the oversight of company activity.

Ethereum smart contracts provide suitable interfaces for business processes, such as new client registration, processing new clients orders and settling payments with service providers and investors. Smart contracts record all new orders, locate client’s coordinates, vehicle parameters and estimated time of arrival of a towing vehicle.

In the event that a car towing company does not reach its destination, the service price will be reduced or will be subjected to penalties. The service will confirm the order details and will then organize an inspection for vehicle damage. If details are not matched for some reason the smart contract does not allow to proceed to the next step. Following completion, the program analyzes the final parameters and automatically pays the towing company.

The company has put special focus on order fulfillment as it plans to provide services for vehicle transportation over large distances and in difficult logistical scenarios.

ICO Launch

The upcoming Pre-ICO on August 30, 2017, will go on until September 19, 2017, which will be followed by the official ICO campaign set to begin on September 29, 2017, until October 29, 2017. CarTaxi has set a total cap of 500 million CTX, of which 12.5 million will be available in pre-sale and rest at the time of ICO. During pre-sale investors can purchase CarTaxi tokens with a 45% bonus.

The proceeds from the token offering will be invested in further development of car taxi’s service. CarTaxi has scheduled blockchain activation during Q4 2017, followed by its expansion into USA and China in 2018 and Europe in 2019. With the opening of representative offices in India and South America, the platform will be available worldwide by 2021.


Image source:  PcWallart

Show comments

Share
Srp 29

LindaCoin is Trying to Take on The Famous Dogecoin

· August 29, 2017 · 1:03 pm

A new and emerging cryptocurrency called LindaCoin is trying to take on the famous and tongue-n-cheek Dogecoin. 


Lindacoin Takes on Dogecoin

A new cryptocurrency has emerged which is trying to take on Dogecoin. Lindacoin is a new exciting cryptocurrency that is based on the prominent Scrypt algorithm. With its new unique features, the coin is trying to compete with the world-famous cryptocurrency Dogecoin.

LindaCoin is using a hybrid combination of Proof of Work(PoW) and Proof of Stake(PoS) with a 70% pure PoS Block reward phase and an impressive 99% APR. The 2-month old cryptocurrency has a maximum supply of 50 billion coins the cryptocurrency has a stable and growing market cap valuation of over $900,000.

With its unique logo and modern appealing website, LindaCoin is trying to do something different in cryptocurrency space. Some interesting aspects of the LindaCoin cryptocurrency are its unique technological features.

Currently, the LindaCoin wallet is available for Windows, OSX, and Linux.  According to the official Bitcointalk thread, the team is also planning to release a web wallet and mobile wallet for both Android and iOS. With stealth addresses, users are able to send their LindaCoins anonymously and securely. Another interesting feature of the cryptocurrency is the masternodes integration.

Not only do the masternodes allow extremely fast transactions, but they also make sure that the transactions confirm in an instant. And for this reason, masternodes operators are earning 50% of the block awards, which currently is about 32240.42 LINDA.

After recent privacy concerns, many p2p-messaging users are searching for new and alternative ways to message online. The LindaCoin wallet offers a sleek and advanced messaging system that encrypts texts and allows users to send anonymous messages to their contacts.

With its very active and supportive community, the LindaCoin team is hoping to grow their user base and attract more investors to help grow and advance the tech and infrastructure behind the cryptocurrency.

The current long-term goal of the new coin is to effectively compete with the prominent digital cryptocurrency Dogecoin, and actively try to overtake its place on the top-10 cryptocurrency list.

What are your thoughts on LindaCoin? Do you think that it could replace Dogecoin? Let us know in the comments below!

[Disclaimer: This is a sponsored article.]


Images courtesy of LindaCoin, Shutterstock

Show comments

Share
Srp 28

This Major Gold Investor is Entering the Bitcoin Market

· August 28, 2017 · 1:00 pm

One of the biggest asset managers in the United States and major investor in the gold market, VanEck, is now entering the Bitcoin.


From Gold To Bitcoin

VanEck is one of the biggest investment and asset management firms in the United States. The investment giant is currently managing an estimated amount of $38 billion in assets. The firm which was founded in 1955, has offices in the United States, Germany, and Australia, which in recent years has focused on precious metals like gold, silver, and platinum.

The company is currently offering more than 50 different exchange-traded funds(ETF) for pension funds, banks, and endowments. Currently, VanEck’s main investment tool is gold but now it appears that it’s going to “dive” into the Bitcoin market.

The market capitalization of Gold is about $7 Trillion, compared to the market cap of Bitcoin which is a little over $71 billion, Bitcoin appears relatively small. But VanEck believes that there still a lot of potential in the Bitcoin market.

In a recent article,  Morgan Stanley believes that Bitcoin might still be too immature to serve as an inflation hedge and that gold is a better investment. In the article Morgan Stanley analyst, Tom Price, stated following about bitcoin:

Some claim that the protocol limiting bitcoin’s supply growth rate, underpins its value,

he also added:

But if Bitcoin is successful long term, we should continue to see competitor cryptocurrencies and market strategies emerge to exploit the new economic rent — a Bearish risk for Bitcoin’s price.

The VanEck Bitcoin ETF

According to reports on August 11, the famous investment firm filed with the U.S. Securities and Exchange Commission(SEC) for an official VanEck Vectors Bitcoin Strategy ETF. The idea behind this special fund would be that it would invest into Bitcoin futures contracts and be available for trading on Nasdaq.

This is a huge deal since this would allow stock traders to invest into the success of bitcoin without actually buying any bitcoins. VanEck’s decision to create a bitcoin ETF might not come as surprising as most people might think. Bitcoin greatly outperformed gold, since January Bitcoin has risen 310% and gold has only grown 11% in the same timeframe.

The History and Future Of Bitcoin ETFs

Bitcoin ETFs aren’t a new invention. Back in May, the famous Winklevoss Bitcoin ETF was officially rejected by the SEC because of regulatory issues. A very recent analysis by Bloomberg has concluded that Bitcoin ETFs may soon become a reality.

What are your thoughts on VanEck’s Bitcoin ETF? Do you think that it will make Bitcoin mainstream for stock traders? Let us know in the comments below!


Images are courtesy of Pexels, Pixabay, Unsplash,

Show comments

Share
Srp 27

Crypto Analysis Engine Trackr Raises nearly $100K – ICO is currently LIVE with 10% bonus

· August 27, 2017 · 11:22 am

Trackr Platform Offers a Simplified Way to Analyse and Improve Your Investments.

[Note: This is a press release]

LONDON, UNITED KINGDOM — (August 26, 2017) — Trackr (https://www.trackr.im/), the highly anticipated crypto analysis engine, has been met with success in its public crowdsale. The project has already gathered a lot of interest and raised nearly $100k in the first week with another 3 weeks still to go.

The team have recently conducted a video interview with popular YouTube cryptocurrency discussion channel iTuber. The full video interview can be viewed at https://www.youtube.com/watch?v=2J_LlBvBZ9I and answers various questions from the community.

Built on the immutable Ethereum blockchain technology and crypto exchange API’s, the team have developed an analysis engine with an accompanying mobile app that lets users perform automatic analysis of their crypto investments. The user interface is optimized to provide users a snapshot of their profit/loss and identify areas for improving their investment strategies. Trackr’s whitepaper goes more into in-depth detail and can be found here (https://www.trackr.im/media/whitepaper.pdf).

A free to use Alpha version can be downloaded on iOS and Android devices through the Play Store or the App Store. The proof of concept version is capable of importing transactions from your wallet and visualizes your profit/loss trajectory, furthermore it can be configured to provide notifications to alert you of market events such as pumps and dumps. The Alpha has been received with success and moving forward the team have devised a 7-phase roadmap plan which will see it implement analysis algorithms such as machine learning and Monte Carlo simulations to predict market prices and other advanced features such as backtesting of investment strategies.

The Trackr token, ‘TKR’, serves a number of purposes, most notably acting as the currency which allows in-service purchases, users can operate in a decentralized environment and make use of Ethereum’s peer-to-peer technology to share investment strategies and portfolio successes with other users for a price they set, charging a nominal fee to use the platform which is transacted on by smart contracts.

Funds raised through Trackr’s crowdsale will be distributed to further development of the Trackr offering which includes infrastructure and legal costs (40%), team expansion (20%), research and design (20%), product development (10%), and advertising/marketing (10%).

For more information on how to contribute to Trackr’s on-going crowdsale, please visit: https://www.trackr.im/ico.html.

About Trackr:

Trackr is a cryptocurrency performance analysis platform targeting both casual crypto investors and seasoned traders. The vision behind Trackr is centered around providing a simple and easy to use service that combines advanced mathematical models and algorithms to perform an in-depth analysis of the user’s portfolio and to provide a summary highlighting shortfalls and areas of improvement in one’s investment strategy. Trackr is ideal for beginners, advanced traders, and anyone looking to enter into the crypto world. For more information, visit https://www. trackr.im/.

Show comments

Share
Srp 26

Estonia Considering Creating Its Own Cryptocurrency

· August 26, 2017 · 11:30 am

Estonia is seriously thinking about creating its own digital currency called the estcoin. This move could bolster the country’s digital residents to almost ten times its actual population.


There’s no denying the stellar rise of cryptocurrency. What many initially scoffed at has now become a major economic force. Large financial institutions, such as Goldman Sachs and Fidelity Investments, have jumped onto the cryptocurrency bandwagon. Now a major seismic shift may occur as a country, Estonia, is considering creating its own digital currency: ESTcoin. Will this new currency become the Baltic Bitcoin?

Estonia Occupies a Unique Position

Actually, the thought of Estonia creating its own virtual currency isn’t far-fetched. The small country occupies a unique position and is known for being extremely tech-savvy. It has the sixth-highest level of mobile broadband penetration in the world. In addition, the Wall Street Journal and Heritage Foundation have ranked Estonia as the sixth-freest country in the world, and the World Bank has ranked the country as number 12 in its Doing Business in 2017 report. The country’s income and corporate tax rates are very low as well, which does help draw in entrepreneurs.

Another point in Estonia’s favor when it comes to cutting-edge technology is its e-Residency program, which was started back in 2014. This program allows anyone in the world to become a digital resident of Estonia and gain specific benefits. All residents of the country (digital and real) are issued an ID card that allows them to use public and private sector services, encrypt files, and remotely sign documents. Digital residents can open and run a company online, conduct their banking online, declare taxes online, verify the authenticity of signed documents, and have access to international payment service providers. So far, over 20,000 people from around the world have become digital citizens of Estonia. Basically, a person sitting in Ghana or Brazil could become a digital resident, open a business in Estonia, and enjoy quite a few benefits of the country’s economic climate.

Using the Estcoin to Expand the Economy

The goal of Estonia’s estcoin is to raise funds to help expand the country’s economy and increase its global presence. The estcoin would be usable to purchase goods and services in the country and could be used to power domestic startups. Another thought is that the estcoin could be used to strike a blow for independence as more than 90% of the country’s market is controlled by foreign firms.

It appears that the estcoin could be based upon Ethereum, and Vitalik Buterin, the co-founder of Ethereum, offered his opinion. He said, “An ICO within the e-Residency ecosystem would create a strong incentive alignment between e-residents and this fund, and beyond the economic aspect makes the e-residents feel like more of a community since there are more things they can do together. Additionally if these ESTcoins are issued on top of a blockchain (they could possibly be issued in multiple formats at the same time, nothing wrong with this) then it would become easy and convenient to use them inside of smart contracts and other applications.”

There are some proverbial flies in the ointment to consider. First is that all holders of estcoins will have a say in how the overall fund is used, which could mean that digital residents could have greater sway than the actual citizens of Estonia. It’s expected that the Estonian ICO would add 10 million digital residents, which would far outnumber the country’s 1.3 million current population. Another issue is whether an Estonian cryptocurrency would cause economic disruptions with their current currency, the Euro. Still, this plan is still in the early stages, but it’s exciting to see a country leaning towards creating its own digital currency.

What do you think about Estonia’s consideration of creating its own cryptocurrency? Let us know in the comments below.

Show comments

Share
Srp 25

Segwit Activated: How it Works & What’s Next for Bitcoin

· August 25, 2017 · 4:00 am

Segregated Witness, or Segwit, has finally been activated by a super majority of the current hashpower on the Bitcoin network. Segwit fixes many bugs currently in the protocol, and allows for some scaling using an effective blocksize increase.


Almost two years of debate

In December of 2015, the source code for Segregated Witness (Segwit) was released. It was meant as a fix for the ever-problematic transaction malleability bug, which allowed for someone to change one or two characters of a transaction’s ID before it was cemented into the blockchain. Along with that, it provided a method of scaling Bitcoin. Doing away with the concept of a blocksize, a new metric was made called blockweight.

For years the software was not added to the Bitcoin protocol as it never garnered the necessary 95% of the hashpower needed to activate. It was to be implemented though means of a softfork, which meant it would comply with all currently consensus rules and be backwards compatible with those running old software and did not wish to upgrade.

Whether you believe that Segwit was a direct result of the grassroot approach of BIP148 forced miners to finally activate it after all this time, or the New York Agreement was the reason everyone came together to signal for Segwit, it is finally here.

A second BIP was released weeks ago to lower the activation threshold to 80% of the hashpower, but even with the lowered bar Segwit still achieved around 97% signaling and locked in during the beginning of August.

After the official lock-in period, the network allowed for two weeks to provide grade period of sorts for people to upgrade their software to work with Segwit.

How Segwit Works

There has been a ton of misinformation about Segwit, so this article will hopefully clear some things up of how it actually works. As stated earlier the whole idea of a blocksize has been gotten rid of. Instead, the network will now use blockweight.

There’s two types of data that are contained in a transaction. Firstly, there is actual transaction data, such as the address the coins are being sent to. Then there is the witness data, which is all the information that is only needed when the transaction is confirmed, and then that data is essentially never used again.

Segwit provides a “discount” to the witness data, and once committed to the blockchain it gets pruned. These 1000 1KB transactions would obviously fill the current blocksize of 1MB, but remember blocksize isn’t even a metric any more. It’s been replaced by blockweight, the new limit of which will be set at 4,000,000 “units.”

The way the new unit system works is the number of units in a transaction is simply the number of bytes of transaction data multiplied by four. Witness data is, as said before, discounted. The bytes of the witness data are essentially a direct translation to units at a 1:1 rate.

So, for example, let’s say there’s 1000 transactions in the mempool, all at 1KB of data. Now let’s say in each of the transactions, 400 bytes is witness data and the other 600 bytes is transaction data. The 600 bytes for transaction data is now worth 2,400 units, while the witness data is now worth 400 units giving the whole transaction a weight of 2,800 units. All of these transactions together will only take up 2,800,000 of the 4,000,000 units, leaving room for more transactions.

Once the transaction is confirmed by the network, the not needed witness data will be pruned off the blockchain, to save storage space and decrease bandwidth use.

How Do I Actually Use SegWit?

For those of you expecting an immediate sign that Segwit is helping everything, I’m sorry to let you down. In reality, it could be weeks or even months before Segwit really starts to have widespread adoption.

Segwit transactions can only be sent from Segwit addresses. So, every single address that currently contains coins would have to send them to a Segwit address before we see the full effect of the upgrade. And even then, there could be a decent chunk of users who still don’t trust Segwit and don’t want to use it. Which is perfectly fine, that’s the point of a softfork. It doesn’t force users who don’t agree to it to upgrade to it.

For you to use segwit and send segwit transactions, you’ll need to send your coins to wallet that generates Segwit addresses. Otherwise, it will just be a normal transaction.

Moving forward, Segwit was an important setup to the upgrading and scaling of the Bitcoin network, which has been woefully overloaded in the past several months. Segwit opens the door to better implementation of the lightning network, which can allow for transactions to be sent off chain for pennies.

Coming in November, the second half of the New York Agreement is set to take place calling for a doubling of the blockweight to even further scale the network though means of a hardfork.

Will you be using segwit from here on in? How do you think this will effect the network? Let us know in the comments below!


Images courtesy of Shutterstock, Segwit.co

Show comments

Share
Srp 24

DOVU, Blockchain Powered Mobility, Backed by InMotion Ventures, Powered by Jaguar Land Rover

· August 24, 2017 · 11:55 am

24 Aug 2017, London, UK, – DOVU, the global marketplace for transport data, announces its token sale, scheduled for 3 Oct, 2017. The project aims to create a distributed marketplace for the give and take of transport-related APIs, fuelled by the DOV token.

[Note: This is a press release.]

DOVU is pioneering a digital economy for the mobility sector. At the moment, transport data is difficult to obtain, holding back insight and progress for the industry. Now, by using blockchain technology, DOVU is providing trust through transparency for data providers, whether corporates or individuals, while opening up the availability of quality data sets for public and enterprise use. The DOVU system works by creating a distributed marketplace for transport data. Vehicle Hire, Insurance Companies, Ride-sharing and others across the mobility sector can connect to DOVU to create a giant network of transport-related data resources.

“The transport sector knows where it wants to go with real time data and smart technology but doesn’t know how to get there! DOVU is the missing piece of the puzzle – an on-ramp for fast, secure and global data sharing for everybody.”

The DOVU platform allows users to mix and match mobility service data, maximizing data value and utility. For example, you could combine car data with insurance data to calculate smarter policies, or use geolocation data in conjunction with weather statistics to inform ride-hailing companies.

Blockchain not only unlocks opportunities for businesses, such as data monetisation and utilisation, but also for individuals, who can be rewarded for their data contributions to the ecosystem. The DOV token is at the core of the network, an access and permissions token central to the process of seamless payment across all mobility services. The platform will also ensure the quality of data available, by having a built-in reward system for positive contributors to the DOVU ecosystem. This allows developers to discover, test, evaluate and combine APIs with unprecedented ease and trust.

DOVU Team

The core team consists of entrepreneurs, data and cloud computing experts, blockchain developers, business consultants, and marketers. DOVU is led by Co-founder and CEO Irfon Watkins, Co-Founder and CMO Arwen Smit, and Co-founder and COO Krasina Mileva.

Watkins, explaining the team and the platform’s strengths said,

“There is an urgent need for practical uses of blockchain technology to bring it to the masses. Leveraging blockchain technology for mobility solutions has broad market appeal. Blockchain will make sure everybody will be fairly rewarded for their contribution to the mobility ecosystem.”

DOVU has been under development since 2016. The DOVU platform is currently in closed beta, and its MVP is scheduled for launch in Q4, 2017. Crowdsale participants can contribute in ETH to become eligible for DOV tokens, the native currency for the DOVU market network.

CEO will be presenting DOVU at When Blockchain Meets Mobility at the Gherkin in London on the 29th of August.

The panel will be chaired by MikeButcher, editor-at-large at TechCrunch.

The upcoming DOVU token sale opens on 3 Oct (1700 UTC) and will run until 31 Oct, 2017 with a 20% bonus for early investors.

More information about the crowdsale is available at: www.dovu.io/presale
Learn more about DOVU at: www.dovu.io

Show comments

Share
Srp 23

BMCHAIN: How to monetize benefit through blockchain and get 100% bonus

· August 23, 2017 · 12:20 pm

BMCHAIN: How to monetize benefit through blockchain and get 100% bonus

[Note: This is a press release.]

You are able to be useful and want to monetize it, but you don’t know how and whom for.
The largest business community in Russia and Eastern Europe “Business Molodost” is developing the blockchain system called BMCHAIN, which will help users convert almost any useful activity into the reputation that will determine the amount of rewards received from the system in the form of tokens that can easily be exchanged for goods, services or other currencies.

According to the information published on the official site bmchain.io, under the special offer, the participants of the project presale which has started on August 20, 9:00 GMT are able to receive 50% more BMT tokens than users investing in the platform after the ICO launch. The BMCHAIN project has already raised 1,506 ETH ($466,000 as of 09/16) for during 48 hours dedicated presentation to the market, as well as about 337 ETH ($$104,255 as of 09/22) on the first day of the pre-ICO itself.

BMCHAIN.IO is developing a platform that will be the first resource for monetizing experience on blockchain, which already unites thousands of entrepreneurs in Russia and has the resources and opportunities for uniting users, entrepreneurs and enthusiasts around the world. Connection to the project will allow any user who has useful competencies to convert their experience into financial assets or exchange it for free to other participants’ services. BMCHAIN’s founders are planning to create an open, public search system and offer usefulness based on the proven reputation of each participant with the ability to assess the reputation and conduct of arbitration.

The unique difference between the developed platform and the majority of blockchain startups is that the demand for the created service unites the largest business community in Russia and the CIS. Having the largest loyal audience of entrepreneurs with more than 200,000 active users, the BM community creates a simple platform for users and partners which will allow project participants to receive bonuses from the system, and partners – to reduce costs and fees for attracting. To maximize the effective implementation of the system of experience monetization and useful interaction of participants on the basis of industrial blockchain, an expert team from Analytics Insight, having patents for unique software and included in TOP Kaggle for machine learning, has been engaged.

The system’s (BMT) tokens, which will be issued in amount of 10 billion, will serve as the main tool for transferring value between participants, and will be charged for a variety of actions that guarantee measurable results or benefit to community members. Unlike projects such as Golos and Steemit, BMCHAIN will offer users a wider range of tools for monetization, which can be used not only by writing articles or commenting, but also by performing tasks, assisting and sharing experiences. One of the unique options within the project will be the ability to evaluate transactions – the results of the evaluation will be used to calculate the reputation rate. Thus, thousands of users will be able to find proven contractors on the basis of reliable verified reputation and use their services for BMT tokens. Special conditions will be offered to entrepreneurs for implementation of the advantages of blockhain solutions in various business processes in order to achieve maximum productivity.

On the basis of the BMCHAIN platform, the integration of blockchain technologies in a number of existing products, already used by hundreds of thousands of people: BM Radar, BM Bullet, BM Education, is being implemented. The used messengers, site designers, educational and social applications will be connected to BMCHAIN through a specially designed simplified blockchain API, in order to prepare and adapt the platform for mass use by other Internet services and projects.

In addition, the founders plan to launch a unique service Token API, the functionality of which will allow, within the framework of any project, not only to create its own cryptocurrency, but also to get a ready developed scheme for monetizing the token and the company’s exit to the ICO. “Using the capabilities of our solution, any user, even unfamiliar with blockchain technologies, will be able to obtain a ready-made model specifically for his business: from issuing a token to attracting investment and entering the exchange,” the founders of BMCHAIN state.

Another service, a prototype of which was presented to the project participants on August 14, will be Time Broker. This is a real-time auction, which allows both selling and buying a specialist’s time for ETH. The capabilities of the blockchain technology will be used in the project to ensure the interaction between users without the need for mediation, as well as to ensure compliance with the obligations of each party with an objective assessment of the results of the deal and the benefits.

According to White Paper, published on the official website of bmchain.io, 445 655 000 BMT tokens will be distributed in the first period of the ICO. The participants of the presale, which is now live, will be able to get 100% tokens in addition to their investment sum after 09/15. To receive 100% bonus, the user is offered to register at bmchain.io and fill in the special questionnaire of the participant. Bonus tokens are planned to be distributed proportionally to ETH sum sent by investors.

Show comments

Share
Srp 22

Announcing the Cove pre-sale ICO: Helping people take back control of their digital identity

· August 22, 2017 · 9:43 am

Cove Identity is excited to announce it’s upcoming ICO, scheduled for end September. The ICO will consist of a pre-sale with discounted tokens to incentivise early investment and a full ICO which will take place a few weeks after the pre-sale. More details including the whitepaper, token structure and pricing will follow shortly.
You can sign up at the website to be the first to know when the whitepaper is released. Today, we are releasing a shorter abstract of the whitepaper to give investors more details about the project. You can download the PDF on our ICO information page.

[Note: This is a press release.]

How Cove Identity Works

With Cove, a user can create a secure wallet on their phone to store digitally-verified copies, as good as the original, of their most important documents. They can verify their documents with other users and organisations on the blockchain, eventually allowing them to effortlessly and securely validate their identity online and offline. Hundreds of people have already downloaded the first version of the app from the Android and iPhone app stores.

Cove helps users take end-to-end control of their digital identity and documents:

1. Easily create secure digital backups of your most important documents. Cove automatically scans and tidies documents and uses text recognition to suggest tags, effortlessly organising the documents.

2. The Cove Secure Wallet uses the end to-end-encryption to ensure the user’s files are as secure as they can be.

3. The Cove Network offers multiple ways for users to verify the existence of their secured documents and the contents within them. A verification score will be accumulated with every successful verification making it increasingly likely for 3rd parties to accept these documents as valid.

4. With all their important documents verified and securely stored in their secure wallet, users can easily validate their identity with 3rd parties that are both on the Cove partner network and off it through multiple validation options. Blockchain helps in both the verification and validation processes.

Why invest in the Cove ICO

Cove has all the elements in place to lead a strong ICO and develop a great product that gives true value to the user:

• Cove already has a cohesive and effective 15 member team in place
• The product already exists and is gaining strong early traction
• We will run a professional, fair and transparent ICO
• The opportunity is huge with great potential returns for investors

Kunal Nandwani, CEO of Cove said: “Our team has been working hard over the past year to develop a great product with a great use case for blockchain that exists right now. We’ll be following the same high standards with our ICO and are excited to share our product with our investors and the rest of the world”.

For more information on the upcoming ICO, read our abstract and sign upto know when we release our full whitepaper and more details about the ICO. If you have any questions please feel free to contact us at info@coveidentity.com

Website: http://coveidentity.com/

Show comments

Share