Bře 31

Zeroedge.Bet Casino Launched Its Pre-ICO Round 2 and Offers 58% Bonus for a Very Limited Time!

· March 31, 2018 · 3:30 pm

March 31st – A unique blockchain based gambling platform Zerocoin.bet is launching their Pre-ICO part 2. The presale event will last until April 27th, 2018 or until the hard cap is reached which is set at only 1500 ETH. During the presale, investors will be able to purchase ZERO tokens with a 58% bonus for a very limited time.


ZERO token owners will be able to use it on the ZeroEdge.Bet platform to play 0% house edge games such as Blackjack, Video Poker and many others. ZERO tokens will also be used to place bets on the platform’s decentralized sports betting exchange which is expected to be launched in Q4,2018. Project’s development roadmap also includes a poker room and an open-source platform for building and operating your own customized games for which ZERO tokens will be required.

One thing that really makes ZeroEdge.Bet stand out from other gambling-related ICO’s is their team which has a strong background in the gambling/gaming industries. To supplement the team and make ZeroEdge.Bet a huge success, the advisory board consists of numerous well-known & accomplished professionals with an extensive knowledge and experience in their respective fields.

Adrian Casey, CEO of  Zerocoin.bet, said:

We can see why other blockchain-based gambling project haven’t really penetrated the market, so we want to come in well-prepared to be among the first to do this. We believe the experienced team and accomplished advisors are the key here.

He added:

Zero Edge offers a unique gambling model which potentially could revolutionize the $70 Billion gambling industry. Players won’t be losing money but instead earning from the increasing Zerocoin value. Our ultimate goal is to become a leading gambling platform in the online gambling industry where thousands of different games are played each day using Zerocoin and where players have the best chance of winning.

ZeroEdge.Bet - Revolutionary Online Gambling Platform with 0% House Edge Games

ZeroEdge.Bet – Revolutionary Online Gambling Platform with 0% House Edge Games

Zerocoin.bet is a unique concept set to revolutionize the way you gamble online. Currently, all online casino games come with a house edge, i.e. the advantage that the casino has over you, which varies between 1% to 10% or more, depending on the game. ZeroEdge’s solution – offer games with 0% house edge and give players a completely fair chance of winning. In other words, playing at ZeroEdge.Bet is literally free, you don’t have to pay anything to the casino like it’s with traditional online casino sites.

The most amazing part is that Zerocoin value increases as more people join the world first 0% edge gambling platform. It is all achieved by creating a closed-loop economy in which high demand for 0% games drives Zerocoin’s value up. This model is also known as Metcalfe’s law which was originally invented in 1993 and can be seen in the actual Bitcoin’s price growth. Zero Edge offers a unique gambling model which potentially could revolutionize the $70 Billion gambling industry. Players won’t be losing money but instead earning from the increasing Zerocoin value.

We have made a survey & asked hundreds of people about their gambling preferences and experiences. The main finding was that 99% of them stated that they would choose 0% house edge games to play if such games were available. High demand for the world’s first 0% house edge games will increase the Zerocoin value exponentially. An important task for us will be to educate the players and raise their attention on this beneficial concept.

Zerocoins (ZERO) will be available to investors during an upcoming ICO. Visit Zerocoin.bet.


Images courtesy of ZeroEdge.Bet

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Bře 30

South Korean Exchange YouBit’s $2.8 Million Insurance Claim Denied

· March 30, 2018 · 2:30 pm

The Seoul-based cryptocurrency exchange Youbit has seen its insurance claim denied by a South Korean insurance company following a high-profile cyber attack in December.


Rejected!

Youbit was hacked twice in 2017. The first cyber attack on the little-known exchange took place in April and saw 4000 BTC covertly liberated from Youbit’s stores. The exchange never fully recovered before it was hacked again in December, losing an estimated 17 percent of its total assets.

Youbit is operated by Yapian Corp. According to The Wall Street Journal, the operators filed a claim with DB Insurance Co. – one of South Korea’s largest property-and-casualty insurance companies. Notes the report, the policy “had taken effect just weeks before,” and “covered up to $2.8 million in damages for an annual premium of about $244,400.”

On Thursday, DB Insurance confirmed its rejection of Yapian’s claim in February. The company was seeking the maximum $2.8 million. No reason for the denial was provided.

Going Broke

In December, Bitcoinist reported on Youbit’s announcement that it has filed for bankruptcy following the second hack. Read the announcement:

I am very sorry to inform you again with the sad news. After the accident in April, we made every effort to strengthen security, recruit personnel, and reduce hot wallet storage… In the meantime, due to the hacking of our company at 4:35 in the morning, funds have been lost from your wallet.

Youbit claimed it would go through a formal bankruptcy procedure to minimize customer fallout, but that balances would still auto-adjust to a fraction of their former worth, with the aim to refund once formal proceedings are over. Said the exchange:

Through various measures such as the sale of cyber comprehensive insurance (3 billion [won]) and the operating rights of the company, the loss to members is expected to be lower than 17%… I will make every effort to minimize this.

DB Insurance’s denial of Yapian’s claim will certainly not help matters.

What do you think about DB Insurance’s denial of Yapian’s claim for $2.8 million in damages? Do you think that cyber attacks against cryptocurrency exchanges will continue to increase? Let us know in the comments below!


Images courtesy of Pixabay

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Bře 29

Stage One of GIFcoin’s Token Sale is a Sold-out Success

· March 29, 2018 · 2:00 pm

GIFcoin has had an amazing start to their ICO journey.  First, they sold out at their private sale, and then went on to do the same during the first stage of their public sale.


Did you know that online gambling is a multi-billion-dollar industry? In fact, it generated more than $500 billion worth of revenue in 2017 alone. This huge number is set to grow even more with the continued adoption of fast and secure blockchain technology.

GIFcoin is one such platform that is taking advantage of the benefits of blockchain.  As a Gambling Investment Fund (GIF), it is backed and supported by an already successful existing platform, VitalBet.

What GIFcoin Can Offer Investors

The latter offers its members the chance to bet on a variety of sports including soccer, basketball, and tennis.  VitalBet also has a range of online casino games on offer.  It’s no wonder that the platform has more than 20,000 active members in over 20 countries.  In addition, the VitalBet’s annual profits reach well into the millions.

These profits are exactly what GIFcoin wants its investors to be a part of.  Each GIF token holder will actually be able to claim their share of 80% of VitalBet’s annual net profits.  Yes, you read that right.  Now, along with this fantastic and lucrative benefit, these tokens will be in high demand.  This means that investors will also enjoy holding onto a token that is actually increasing with value over time.

What GIFcoin Can Offer Investors

Success After Success

It’s no wonder that everyone who’s anyone wants to be a part of this profit-sharing revolution.  A testament to this is the fact that GIFcoin’s private sale, where 10 million tokens were available to purchase, was a complete success and was sold out.  In fact, investors during this phase referred to it as the most transparent and generous ICO of 2018.

The platform’s success doesn’t end there though.  The first stage of its public sale is also completely sold out of the 6.4 million tokens that were on offer!  That’s great news for the platform but not-so-great news for investors who missed out on this phase.  This is because they also missed out on receiving a massive 60% bonus.

However, the platform is offering a still substantial 40% bonus during stage two.  A total of seven million tokens are available to purchase during this phase.  If you’re serious about being a part of the GIFcoin ecosystem, then taking part in stage two is the answer.

Token Distribution Phases

Here is a breakdown of the subsequent stages, token availability and their bonus structures:

Stage Bonus Token Threshold
Stage 1 60% 6,400,000 GIF
Stage 2 40% 7,000,000 GIF
Stage 3 30% 7,800,000 GIF
Stage 4 20% 8,400,000 GIF
Stage 5 15% 92,400,000 GIF
Stage 6 10% 77,000,000 GIF
Stage 7 0% 61,000,000 GIF

Tokens can only be purchased in ETH, BTC, and LTC.  In addition, the minimum investment amount between stages two to five is 0.5 ETH, 0.05 BTC, and 2 LTC.  The platform has also set itself a soft cap target of 5,000 ETH and a hard cap target of 24,000 ETH.

If you’d like to know more about GIFcoin, visit their website.  You could also have a look at the whitepaper or litepaper if you need any additional information.

What do you think of GIFcoin’s positive start to their ICO journey?  Will they be able to keep it up?  Let us know in the comments below!


Images courtesy of GIFcoin, AdobeStock

Bitcoinist does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company.

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Bře 28

Uphold Adds Ripple (XRP) Buy / Sell Options to Its Digital Money Platform

· March 28, 2018 · 2:00 pm

Uphold, a cloud-based digital money platform enabling users to buy, hold, convert and transact various currencies, commodities, and cryptocurrencies, has now launched the trading of Ripple’s XRP.


Uphodl XRP

Uphold users are now able to purchase XRP directly from the website with no transaction fees for the first 5 million XRP purchased, and they may convert the cryptocurrency into seven other cryptocurrencies, 23 fiat currencies, and four precious metals.

In a press release published earlier today, Uphold CEO Adrian Steckel explained:

There has been huge demand for XRP, and Uphold is one of the first platforms to make XRP easily accessible.

This announcement does not come as a surprise. As noted by Yahoo Finance, the company previously received $57.5 million in funding from a former Ripple executive.

Uphold vs. Coinbase

Uphold – which also offers Bitcoin, Litecoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Dash, and BAT – now represents one of the largest places to buy XRP.

Coinbase, the popular San Francisco-based cryptocurrency brokerage site, currently does not offer XRP, though rumors continue to swirl that Ripple’s cryptocurrency will soon be added to the platform. Coinbase, however, as thus far seemed somewhat impartial to the centralized cryptocurrency – though it has a policy in place in regards to not tipping its hand as to the next additions.

Coinbase has, however, announced its intention to support the ERC20 technical standard, which may imply the next additions to the platform will be altcoins built on Ethereum’s blockchain technology.

Unlike Coinbase, which acts as a more traditional cryptocurrency exchange, Uphold specializes in buying and converting different currencies, as well as safely storing them in a “cloud money vault.” The platform also allows its users to send currencies to other members internationally.

Uphold claims it currently holds $143.5 million in customer funds, most of which are comprised of US dollars and Bitcoin.

Uphold vs. Coinbase

A Good Choice?

The long-term investment value of Ripple has been a debate among experts.

Ripple co-founder Jeb McCaleb recently claimed investors should be concerned over the company’s centralized nature, noting how it is nearly impossible to run a node outside of Ripple Labs. Furthermore, the Ripple team runs the vast majority of the cryptocurrency’s nodes – despite claims that it operates with decentralized technology.

What do you think of Uphold’s addition of XRP to its platform? Do you think the cryptocurrency is a good investment, or are you concerned over its centralized nature? Let us know in the comments below!


Images courtesy of Uphold, AdobeStock

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Bře 27

Blockchain Games: A Surprising New Player in The Industry

· March 27, 2018 · 3:00 pm

Innovation in the blockchain industry continues at a relentless pace. New projects involving existing blockchains have begun to be created, allowing for the tech’s gamification. On-Chain games or decentralized application (DApps) such as Cryptokitties have captured the attention of many in the blockchain industry.


The advent of the cryptocurrency space in recent years has created a booming new market that has sparked a lot of innovation in the sector. The common blockchain startup has been to create ICOS as a medium for startups to generate capital. However, the new trend has been to create dApps on existing networks. These dApps range from payment networks to games based on blockchain technologies.

These so-called ‘blockchain games‘ have been touted as a new way blockchain innovators can interact with a growing user base. However, some question the viability and safety of these games.

CryptoKitties: What Are They?

CryptoKitties: What Are They?

In December of last year, the Ethereum blockchain was overrun with requests. Transactions that had once taken minutes to confirm began to take hours as users of the DApp game CryptoKitties began fostering their kitty collections. Users rushed to create and trade these cats as the project began to roll out. This may lead you to the question: What are CryptoKitties?

CryptoKitties is one of the first on-chain and widely adopted blockchain games. The game consists of digital kitties facilitated by a smart contract on the Ethereum blockchain. In the game, you can buy, sell, and breed cats using the smart contract.

Each CryptoKitty is unique with its own personalities, traits, and physical characteristics that allows it to be differentiated from other kitties. Players are incentivized to breed kitties in attempts to find rare traits which are unique to certain kitties. This just sounds like a way to spend free time, not money right?

Well, the game is far from free. Transactions for the CryptoKitty game have to be maintained by the Ethereum based smart contract which requires Ethereum.

So why do players agree to spend Ethereum on the game?

Players are incentivized to do so by the chance of real profit when they breed and trade cats. As mentioned previously, kitties can obtain certain rare traits which become very valuable in the CryptoKitty marketplace.

How much profit are we talking about, you ask? Well, as an example, the original CryptoKitty sold for over $110,000 worth of Ethereum on the native CryptoKitty market. So do not get these games wrong, there often can be a large sum of money involved.

in an attempt to help grow and improve the CryptoKitty platform, the team has requested funding and has succeeded in raising over $12 million dollars. This funding will go to the developers to help foster innovation, which should help the CryptoKitty platform to grow even more.

Other promising blockchain games have begun development and certain projects have only become even more engaging while still remaining ambitious.

Ethermon is another game that allows players to interact with the Ethereum blockchain. Ethermons are in some sense similar to the popular card game, Pokemon. The object of the game is to capture, trade, and use these in-game characters to battle each other. Like CryptoKitties, these digital creatures can be traded for a profit or a loss using Ethereum. Similar to the CryptoKitty application, Ethermon was a nice addition to the DApp/Blockchain game sub-industry.

Blockchain Games: A Worrying Trend or an Exciting Leap Forward?

Blockchain Games: A Worrying Trend or an Exciting Leap Forward?

Some cite the CryptoKitty craze as accounting for over 30% of the transaction volume in the Ethereum network at its peak with other Dapps coming close behind. In direct correlation to this, after the deployment of the CryptoKitty smart contract, unconfirmed transactions on the Ethereum blockchain increased more than sixfold according to Etherscan statistics.

While the increase in unconfirmed transactions has caused concern among some members of the blockchain community due to the popularity of the game affecting the efficiency of transactions on the network, others take a far more optimistic view.

Arthur Camara, a developer with CryptoKitties parent company Axiom Zen, stated:

We think that blockchain games unlock new categories and possibilities. […] With blockchain, gaming suddenly becomes open, transparent, portable and extensible.

The industry is still in its infancy but in order for blockchain-based games and other gamified DApps to succeed, developers will need to find a way to be innovative without adversely affecting the efficiency of the current blockchain networks.

What blockchain games do you think are going to succeed? Do you have any ideas which you think will be successful as a blockchain application? Tell us down below in the comments.


Images courtesy of CryptoKitties, iStockPhoto

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Bře 26

Russia’s Blockchain Legislation Could Be Ready in a Few Months

· March 26, 2018 · 12:00 pm

Cryptocurrencies aren’t the only technology getting the regulation treatment in Russia. The country has stated that a legislative framework for blockchain technology could be implemented within the next few months.


Russia has made no secret of the fact that they are not cheerleading the decentralized cryptocurrency revolution. However, as with most industries, they are fully on board the blockchain bandwagon.

Russian President Vladimir Putin has previously endorsed the technology as a way for the country to advance itself. Because of this, Russia has set to work determining a regulatory framework for integrating blockchain into the country’s governance system.

Blockchain Legislation Around the Corner

Blockchain Legislation Around the Corner

In fact, according to TASS, this outline could be complete within the next few months. This announcement was made by the country’s Deputy Prime Minister, Arkady Dvorkovich. He said this while meeting with students of the Plekhanov Russian University of Economics.

In a roughly translated quote, Dvorkovich said:

It’s necessary to create a regulatory framework, not necessarily too detailed, not to limit the implementation of projects [too much]. Do it as quickly as possible, we are doing it now. I hope that in the coming months, the legislative issues of blockchain will be [resolved].

Widespread Interest

Even though blockchain was initially known as the supporting technology for cryptocurrencies, its advantages are being recognized and implemented over a range of industries. These benefits include a high level of security and immutable record-keeping capabilities.

In addition, because it is the underlying support for virtual currencies, blockchain is being used to aid in central banks and governments creating their own state-controlled digital currencies. Russia is one of the countries that have expressed a keen interest in doing just that by vocalizing plans to develop its own CryptoRuble. First Deputy Prime Minister Igor Shuvalov has also said that blockchain technology could help Russia reach a higher level of advancement in their economic sector.

Not Just for Cryptocurrencies

This type of technology has been on Russia’s radar for some time. Last year saw the launch of Masterchain, a software built using a fork of the Ethereum blockchain. It was created by Russia’s FinTech Association, which is a group comprised of payment institutions and financial startups headed by the Central Bank of Russia.

Blockchain technology can also be used to protect intellectual property (IP) as it not only offers safe and secure storage, but also ensures that any data that needs to be added to a creation or article can be done so efficiently.

February this year also saw Russia’s Agency for Housing Mortgage Lending (AHML) team up with Rosreestr, which is the Federal Service for State Registration, Cadastre, and Cartography, and Vnesheconombank, which is a state-owned Russian development bank. The joint initiative used blockchain technology to develop a shared-ownership contract for future construction development projects.

Russia is Fully Embracing the Technology

Russia is Fully Embracing the Technology

Herman Gref, who is the president of the country’s biggest bank, Sberbank, has previously stated that Russia has the most active blockchain projects in the world.

The country’s embrace of blockchain seems to be filtering from the top down as President Putin has previously said that anyone who is “late in the race” in terms of blockchain development and implementation, would be forced to depend on other world leaders.

He stated that:

Russia cannot allow this.

What do you think of Russia providing a framework for blockchain integration? Let us know in the comments below!


Images courtesy of Wikimedia Commons

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Bře 25

How the 4th Pillar Platform is Helping Prevent Deforestation

· March 25, 2018 · 2:00 pm

The 4th Pillar is changing the way the Human Resources industry functions, thanks to its blockchain-based platform. However, it’s easy to overlook the project’s positive environmental impact.


Businesses are Needlessly Damaging Our Ecosystem

One of modern industry’s most destructive effects on Planet Earth is the large-scale deforestation which has been taking place for decades. 

Forests cover approximately 30 percent of the planet — and are home to the vast majority of species and life on land. Crucially, they account for 75 percent of the gross primary productivity in the Earth’s biosphere, while also containing 80% of the Earth’s plant biomass. Unfortunately, these thriving ecosystems of life are disappearing at an alarming rate.

According to the World Wildlife Federation, our planet is losing 18.7 million acres of forests every year — which equates to 27 soccer fields every minute. A large portion of this deforestation is caused by the business world’s reliance on paper products, with 853 million square meters of sawn logs used to make them. This trend isn’t currently on pace to stop, as developing countries are ever more reliant on paper.

Take, for example, pay slips. Companies send documents and pay slips to each employee on a bi-weekly or monthly basis. That means that one company of 950 employees uses more than 1,300 envelopes and 3,000 sheets of paper strictly for verifying transactions. That equates to 120 trees per year, and more than 8.84 tonnes of CO2 emissions.

With that in mind, imagine a company with 10,000 employees. Such company requires roughly 1,273 trees every year for simple document transfers and employee pay stubs.

Recycling admittedly helps cut down on the cutting of trees, but wouldn’t it be better to stop the practice altogether?

Helping to Stem the Tide of Deforestation

The 4th Pillar platform gives individuals the power to build a verified professional identity and a decentralized personal cryptocurrency savings fund. Additionally, it enables organizations to recruit based on automated and verified employment data as well as digitally transfer multiple cross-border payments and work-related documentation.

The 4th Pillar platform is based on blockchain transactions and digital communication. As such, a Dapp (decentralized application) will allow for the transfer and management of FOUR tokens, a working blockchain HR database, and peer to peer transfer of pay slips and work-related documents.

With this technology, The 4th Pillar will revolutionize the HR industry not only by implementing a cost-effective digital system but also by reducing the carbon footprint of businesses around the globe.

A Token Sale to Save the Planet

A Token Sale to Save the Planet

The 4th Pillar’s crowd pre-sale of its FOUR token is slated to begin this month and offers a 30 percent bonus for early-bird participants. Afterward, starting in April, there will be an additional crowdsale.

FOUR tokens can be purchased with Ethereum tokens (ETH), and the project has a soft cap of 2 million euros. Additionally, there is a hard cap of 12 million euros, and all unsold tokens will be distributed between public sale contributors according to their contribution.

To learn more about the ecological benefits of The 4th Pillar, read the project’s whitepaper and lightpaper, follow its industry-leading team and participate in the token sale, visit the project’s official website.

What do you think about big business’ environmental impact on the planet? Are you interested in The 4th Pillar’s potential ability to help stem the tide of deforestation? Let us know in the comments below!


Images courtesy of AdobeStock, Shutterstock

Bitcoinist does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company.

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Bře 24

TON Pool ICO Platform: Universal New Generation Crypto Currency Platform

· March 24, 2018 · 1:00 pm

As the practice of the last few years has shown, the powerful potential that the cryptocurrencies are endowed with, allows us to ensure decentralization and security of money operations in the modern world. But nowadays there is still no single currency that could be considered universal in the mass market and unite a multi-million audience in the global community.


2018 can be significant in this respect. The world will see a project called the Telegram Open Network (TON). Its key idea is to develop and implement a new cryptocurrency and the multi-block system Proof-of-Stake – TON will be the basis for it. After 2021, the name of the Telegram Open Network will be changed to The Open Network.

What is Pool ICO Platform?

Poolico-platform.com is a platform for uniting investors into pools, for participation in ICO projects, on the most favorable terms at the early stages of the initial offer.

The essence of our project is that we unite private investors in the pool, to participate in a closed primary offer of TON tokens. Each investor has the opportunity to invest his share through our platform. By registering and using your personal office, everyone can refill bitcoins or ether and buy the share in the pool. The funds are daily sent to the escrow account in US dollars, since participation in the primary offer of TON tokens is impossible by the cryptocurrency. Your share is fixed in US dollars according to the average rate of bitcoin or ether at the time of receipt of funds.

At the end of the fund-raising, all raised funds will be used to purchase the TON tokens at the price set at the time of purchase. After that, all tokens will be distributed among participants of our platform in proportion to their contributions in US dollars.

All funds are transferred to the escrow account on a daily basis, and in case of impossibility to participate in the TON initial offer, all funds will be returned to their investors. But we plan to participate in the next round of sales, which, according to our data, still going to be.

What Are the Advantages of TON?

Thanks to integration into this system, millions of people will have free access to the cryptocurrency. Among the main advantages of TON is:

  • the work through mobile devices: you don’t have to carry large amounts of money with you, as many goods and services can be paid using cryptocurrency;
  • a high level of security: TON will ensure the safe storage of financial resources of each person in the detachment since the cipher will be known only to the owner of the wallet;
  • the simplicity of purchasing TON coins.

The Telegram messenger can become an excellent launching pad for the initial implementation of the project, as it is now connected by a large number of public chats, groups, and channels with a multi-million base of subscribers. And it is the ready audience for the acquisition of digital content and physical goods. After 2021, it is planned to launch its own element called Telegram.

We aren’t employees of Telegram and don’t conduct a primary sale (ICO) on behalf of Telegram and its founders. Our platform is a pad designed to pool investors into pools for the purpose of participating in ICO projects that can bring good profit to each investor on the most favorable terms at the earliest stages of the initial offer.

Timeframe of Fundraise

Fundraising will start on March 1, 2018. An approximate end date is April 1, 2018 (can be extended).

Softkap (it is the minimum amount of funds that must be collected to run the project) is $20 000 000.

The project’s founders are fully responsible for the use of the received funds. As part of the implementation and development of the project, these responsibilities will be transferred to a non-profit organization – the TON Foundation.

Each investment made in the cryptocurrency is transferred daily to the escrow account. And if until the end of the initial offer the soft cap will not be assembled, we organize a refund of funds to all investors.

TON Pool ICO project official website poolico-platform.com.


Images courtesy of TON

The content of this article was provided by the company referenced. Bitcoinist does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company.

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Bře 23

Creators of uTrener and KHL Fantasy Sport Apps Introduce Blockchain Powered Daily Fantasy Sports Platform MyDFS

· March 23, 2018 · 2:00 pm

A blockchain-powered daily fantasy sports platform, MyDFS promises to improve the gaming experience for the uncountable amount of fantasy sports enthusiasts around the world by delivering better speed, ease-of-use, transparency, governance, and accountability. This mobile-based fantasy sports ecosystem has been created by the founders of uTrener and KHL Fantasy, two of European earliest and most popular daily fantasy sports platforms. 


London, UK March 21, 2018

MyDFS, a blockchain-powered daily fantasy sports platform, is all set to redefine the industry by connecting the sports fans around the world to an ecosystem that is transparent, easy-to-use, and token buyers friendly. Built on smart contracts, MyDFS runs on mobile devices to address a number of issues that have plagued the fantasy sports industry. The ultimate goal of this project is to simplify the user experience to make the games enjoyable for all types of players.

The global fantasy sports industry has experienced phenomenal growth over the last few decades. Only in the US and Canada, this market was worth $7 billion in 2017. However, an extremely high growth rate has led the industry to an immature state where outdated business practices are commonplace. As a result, this highly promising industry has been struggling with several shortcomings including uncertain legal status, complicated gaming experience, complex verification procedures, deposit and withdrawal-related issues, and lack of transparency.

MyDFS was designed as a transparent and worry-free fantasy sports platform that will be capable of overcoming all the existing challenges, leveraging modern technology and contemporary business approaches. The platform addresses the industry’s legal issues by introducing cryptocurrency tokens to be used throughout the platform. Limitations such as insider gaming, bots, and other cases of unfair play have been eliminated with the application of blockchain and smart contract technology. Some other benefits for the fans include

  • Streamlined user experience
  • Fast user verification
  • Fast and worry-free transactions
  • Transparent gaming and fair play
  • Get profits from winnings in tokens.

The MyDFS team comprises of industry professionals with a wealth of experience in the fields of fantasy sports and large-audience applications. In 2016, this team hit the headlines by developing and launching uTrener. This was one of the earliest platforms on the European market to offer a refined, user-friendly and seamless DFS gaming experience on iOS, Android, and the web. They have also launched KHL Fantasy (later KHL Haier Fantasy), a white label app for top European ice hockey league KHL. KHL Fantasy won MarSpo 2017 as the best sports app and was featured by App Store several times. At the same time, MyDFS team received UK Gambling Commission License to legitimately operate fantasy sports in Europe.

“MyDFS presents a fantasy sports solution with clean, mid-core gameplay that supports multiple popular sports and allows people to invest and capitalize not just on the game itself, but also by investing in other pro players (earning a share of their winnings), or holding or selling game tokens,” says Viktor Mangazeev, the CEO of MyDFS. “Our platform embraces transparency and fair play. Our cryptocurrency tokens eliminate the need for fiat currency. The accuracy of our fantasy results is backed up by smart contract technology. The real-world game data that determines how players on our platform do, along with players, teams and statistics, are completely publicly accessible.”

MyDFS currently supports soccer, hockey, basketball, cricket, and football, and is capable of integrating more popular sports in the future. It works on all contemporary smartphones, tablets, and the web. MyDFS token, an Ethereum-based token, will be used for all value transactions within the MyDFS ecosystem. These tokens can be used to play, win, and exchange it for other cryptocurrency or fiat money. The users can also hold and trade their tokens, maximizing their earning potential as the demand increases for the MyDFS tokens. Moreover, MyDFS is pioneering player brokerage to let casual users share their prize pool with a pro-players’.

MyDFS app is expected to be released before the FIFA World Cup 2018 to be held this summer in Russia. The company has recently started its pre-ICO campaign, offering a total of 50 million tokens with a hard cap set at $40 million. Attractive bonuses are available for the early token buyers.

To find out more, please visit https://www.mydfs.net/

About MyDFS

MyDFS is a blockchain-powered daily fantasy sports platform from uTrener and KHL Fantasy apps creators. It runs on mobile devices and connects sports fans around the world in a transparent, easy-to-use manner. The platform simplifies the user experience to make the game enjoyable for players of all types. MyDFS is also pioneering player brokerage to let casual users share their prize pool with a pro.

Contact: Anastasia Shvetsova

Website: https://www.mydfs.net/

Email: [email protected]


Images courtesy of MyDFS

The content of this article was provided by the company referenced. Bitcoinist does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company.

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Bře 22

UK’s New Taskforce Means Cryptocurrency is Here to Stay

· March 22, 2018 · 12:30 pm

The United Kingdom is ready to release the hounds on the cryptocurrency market, with a task force set to investigate both the benefits and the risks of digital currencies.


Taking Cryptocurrency to Task

Britain’s department of finance, the Treasury, unveiled its task force readied to weigh the pros and cons of cryptocurrencies.

The United Kingdom’s interest in investigating cryptocurrency stems from the desire to not fall behind their geopolitical and economic rivals. UK Finance Minister Philip Hammond stated:

I am committed to helping the sector grow and flourish, and our ambitious sector strategy sets out how we will ensure the U.K. remains at the cutting edge of the digital revolution.

However, the no-longer-interested-in-being-European country hasn’t been particularly pro-cryptocurrency, and that’s not likely to change. Rather, it’s likely more interested in co-opting blockchain technology for its own traditional financial institutions. Said Hammond:

As part of that, a new task force will help the U.K. to manage the risks around crypto assets, as well as harnessing the potential benefits of the underlying technology.

The task force includes the Bank of England and the Financial Conduct Authority — neither of which has shown support to Bitcoin and cryptocurrencies in the past. Earlier this month, Bank of England Governor Mark Carney — who has a long history of anti-cryptocurrency rhetoric — stated:

The short answer is: [cryptocurrencies are] failing. Cryptocurrencies are poor stores of value. Over the past 5 years, the daily standard deviation of Bitcoin was 10x that of sterling […] This extreme volatility reflects that the cryptocurrencies have neither intrinsic value nor external backing.

Whether the task force’s conclusions match Carney’s sentiment remains to be seen.

Building Bridges

Australia coat of amrs

Britain’s new cryptocurrency task force is but one part of the sovereign state’s financial technology strategy, which also includes penning a deal with Australia. The two countries’ “fintech bridge” will afford British firms the ability to sell their products and services in Australia, while both countries work together on crafting policies and regulation on digital currencies, blockchain technology, and fintech.

After signing the deal, Britain’s Innovate Finance and Australia’s Fintech Australia will advise the governments of both countries in matters relating to financial technology. Innovate Finance’s Charlotte Croswell claimed the “fintech bridge” is an “excellent opportunity” for both countries.

What do you think of the UK’s new cryptocurrency task force? Do you expect more FUD, or perhaps a little bit of FOMO? Let us know in the comments below!


Images courtesy of Wikipedia Commons, Pixabay, Shutterstock

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