Srp 21

Dash Sponsors Arizona State University’s New Blockchain Research Lab

· August 21, 2017 · 5:00 am

Cryptocurrency Dash have this week announced that they are to fund a Blockchain Research Lab in partnership with the Ira A. Fulton College of Engineering at Arizona State University.


More Blockchain Research?

If it seems like every other week there is a news story about yet another tin-pot government, trying to work out how blockchain technologies can benefit them, then take heart. Dash are spending their cash on bringing some high-end research back into the educational sphere.

The new lab will look at the possibilities that blockchain and cryptocurrency can provide for the everyman. Whilst giving students hands on experience with blockchain, it will focus on how blockchain and cryptocurrencies can be improved. A number of topics have been outlined for initial research.

Such as?

One subject which is particularly pertinent at the moment following the recent Bitcoin hard fork is scalability, and the lab will be considering the viability of various long-term solutions for blockchain scaling.

dash

The facility will also research methods to lessen the environmental impact of mining. This could include identifying or minimizing the level of hash rate required to ensure the security of the network.

Another topic to be investigated is the best way to avoid cryptocurrency mining becoming more centralized. After all, if we are pushing for decentralization then this is surely one of the key aspects we are trying to avoid.

So where did Dash get this cash?

The Dash network has a rather unique model whereby block rewards are divided between a number of beneficiaries. 45% go to miners, 45% to so-called master nodes, and 10% go towards a network development budget.

Obviously Dash will be using the output of the research lab to improve their own network, and who can blame them. The results will also be available for any other cryptocurrency to incorporate as they see fit.

Dash fund a bug bounty program through the same network development scheme. They certainly seem to be one of the more proactive players in the field of self-improvement.

Looks like even more cash coming their way

The DASH price surged to a record high following the announcement, meaning more budget for future network development.

One hopes that combined with their ASU collaboration, this can only lead to a better future network.

Will this new initiative help grow the Dash network? Let us know below! 


Images courtesy of Shutterstock 

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Srp 14

Tezos to Open $50 Million Venture Fund After Raising $232 Million

· August 14, 2017 · 4:00 pm

Tezos, the startup whose recent ICO raised $109 million in less than 15 hours and a total $232 million in just three days, has announced its plan to open a $50 million venture fund.


The $232 Million ICO

Tezos - The $232 Million ICO

With the recent hype surrounding ICOs, more and more startups are trying to raise money through token sales. This July, the U.S.-based startup launched its initial coin offering and was able to raise $232 million, which at this time is the second largest amount any ICO has raised, coming in just behind the Filecoin ICO, which managed to raise the record breaking $250 million.

The blockchain startup is offering what they describe as a “self-amending cryptographic ledger”, a decentralized platform for smart-contract verification and validation, which is primarily focused on banks, financial institutions, and corporations. Not content to rest on their recent laurels, Tezos have been focusing on the development of their own VC fund, which they announced in their August update.

The VC Fund

Tezos ICO

Usually, when start-ups raise huge amounts of funding, they primarily invest it in growth, research and development, or marketing initiatives. Tezos decided to take a slightly different approach for their funding distribution. According to an article by Crowdfund Insider, Tezos’ new $50 million VC fund will mainly focus on investing in startups and companies that use the Tezos platform. The remaining funds are being slowly diversified and invested in more traditional investment vehicles like stocks, bonds, and precious metals.

The idea of the venture capital fund is to drive more third-party development for the Tezos blockchain, and thus help grow the Tezos platform. The fund will also invest in projects that they feel will help promote general blockchain development. It is also worth noting that due to the blockchain split on August 1, in addition to the bitcoins that were raised through the ICO, the startup has also received the equivalent amount of BCH which they are planning to invest into various assets.

In their August update, the Tezos team had the following to say about their new venture capital fund:

We are extremely pleased to announce a commitment of $50 million in venture capital funding to companies looking to build on the Tezos platform. This capital will be partially deployed through venture capital partners to be announced, as well as through a direct venture arm. The innovation and growth of the ecosystem is the top priority of the Tezos Foundation.

Currently, the team is actively coding on the long-awaited platform that will power a new kind of smart contracts.

What are your thoughts on the new $50 million venture capital fund from Tezos? Do you think that it will help promote their platform? Let us know in the comments below!


Images courtesy of Pexels, TezosFoundation

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Srp 12

Nvidia to Focus More on Cryptocurrency Mining Market

· August 12, 2017 · 2:15 pm

In the wake of record-setting growth for digital currencies like Bitcoin and Ethereum, graphics card manufacturer Nvidia has expressed their intent to focus more on the cryptocurrency mining market.


Cryptocurrency Mining Boom

Since the beginning of 2017, the cryptocurrency market has grown at an enormous rate. In late 2016 the total market capitalization of the cryptocurrency market was a respectable $14 billion and in the months since has climbed a record-setting $135 billion as of this writing!

Bitcoin and Ethereum prices spiked to their ATH (all time high) and mining became profitable for individuals and miners rushed to purchase as many graphic cards as possible in order to profit from the surging prices of both Bitcoin and Ethereum.

The mining rush was so severe, that it even caused a national shortage of graphics cards in Russia. The graphics cards shortages made manufacturers like Nvidia and AMD realize that there is another profitable market for graphics cards, and that’s the cryptocurrency mining market.

Focusing on the Cryptocurrency Market

Nvidia graphics cards

According to a recent article in MarketWatch, Nvidia CEO Jensen Huang stated that the cryptocurrency mining market could potentially become another profitable area for Nvidia. In a recent phone call with analysts, Mr. Huang stated:

Crypto is here to stay, and the market will grow to be quite large.

He also went on to say:

It’s not likely to go away any time soon. There will be more currencies to come, they will come from different nations…We stay very close to the market, and understand the dynamics very well.

The most interesting aspect of the whole cryptocurrency mining rush is the potential development of GPUs for mining. While Nvidia officials have declined to comment on rumors that the famous graphics cards manufacturer is developing GPUs that are specifically made for cryptocurrency mining, Huang recently hinted to analysts that the company offers coin miners “a special coin-mining SKU [that is] optimized for mining.”

It’s also worth noting that thanks to the recent mining rush AMD shares have soared from the increase of graphics cards sales as well.

What are your thoughts on Nvidia’s stance on cryptocurrency mining? Do you think that AMD and Nvidia will focus more on cryptocurrency mining products? Let us know in the comments below!


Images courtesy of Pixabay, Nvidia

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Čvc 28

HODLing Bitcoin? Got an Email Address? Here are 3 More Ways to Get Free Money

· July 28, 2017 · 4:45 pm

A few days ago, we showed you how to grab some extra cryptocurrencies for free by simply holding Bitcoin. Today, we’re going to show you that you can do so not only by holding Bitcoin but also by simply having an email address.


Previously, we explained how you could claim free lumens from Stellar and bytes from Byteball. Those are just two methods of getting free money. This time, we’re bringing you three ways!

Free Money? Tell me more!

Free ICO Tokens Just for Signing Up

Currently, two upcoming Initial Coin Offerings are distributing free tokens to users that sign up for their platform. Although this is usually a practice used by pyramid schemes or multi-level marketing schemes, in this case, there doesn’t seem to be any danger involved at all.

Digital Currency Exchange

WCX is a platform with an upcoming ICO and it brands itself as being a “Global Low-Cost Digital Currency Exchange” that aims to “offer a pro experience and 10x lower fees”. WCX is an interesting concept – users will be rewarded with 50 WCX tokens – roughly $5 USD – when they sign up. Although this platform doesn’t have a whitepaper yet, the most interesting part about the project is that they plan to distribute part of their fee profits as dividends to WCX token holders, so why not hodl on and see what happens?

Coin Starter logo

Coinstarter is a platform which aims to be the Kickstarter for ICOs and crowdfunding campaigns related to cryptocurrency. Ironically, they haven’t even launched – they’re planning their ICO soon. They will reward you with 50 Coinstarter Tokens (technically equivalent to 0.0625 BTC, or $168!) if you simply sign up for the platform. There is no need to invest any BTC or ETH to receive this bonus – it is virtually risk-free.

Altcoins That Give You Coins if You Hold Bitcoin

How to Get Your Free CLAMS

CLAM is an altcoin created back on May 12th, 2014. If you held any BTC/LTC/DOGE at that time, you’re in luck! CLAM had a unique distribution method: All BTC, LTC and DOGE addresses that held coins back on that date are entitled to 4.60545574 CLAM – which is equivalent to about 0.0065 BTC, or around 17 USD. The CLAM project explains their reasoning behind this as being:

Giveaways are notoriously susceptible to cheating and bias those who happen to hear of them. We DON’T like tit-for-tat arrangements.

Many intelligent people are aware that Bitcoin’s most valuable asset is the blockchain itself. The blockchain represents the combined efforts, commitment, and participation of the entire community. It is the revolution that sets cryptocurrency apart from other value systems. It is trust-less and wonderful. We DO like the trust-less blockchain.

So! We took the BTC, LTC, and DOGE blockchains, found every address with a balance above dust, and sent each and every one of them a little over 4.6 CLAMS. It isn’t perfect, but it includes everyone.

Despite this, please note that this method of claiming ‘free money’ does involve risk – even though their wallet is open source and their code has been deemed to be safe, you have to expose your private key, so it would be advisable to move your coins elsewhere before claiming the CLAMs.

All you have to do is download their wallet from here, and import your BTC/LTC/DOGE wallet.dat or private key.

Download the CLAM Wallet

That’s all there is to it to obtain your free money! If you received more than 4.6 CLAM, don’t be too surprised; remember that every address that held coins on the date above will receive this reward. This means that if you were using many addresses at the same time, you would probably receive a lot of CLAMs!

What do you think about these new methods of getting free money? Are you going to try them, or are you skeptical? Let us know your thoughts below!


Images courtesy of WCX, CoinStarter, the CLAM Project, iStockPhoto

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Čvc 27

True Flip and DAO.Casino Enter Strategic Partnership to Improve User Experience; ICO Nearing Completion

· July 27, 2017 · 5:30 pm

Provably fair blockchain lottery True Flip has announced a strategic partnership with DAO.Casino, the gambling blockchain protocol which allows for the creation of custom-made decentralized online casinos funded and run by the community. Both projects are currently in ICO stage.


The Beginning of a Beautiful Partnership

For their first joint project, True Flip will undertake the development of a decentralized lottery game on their platform utilizing DAO.Casino’s gambling protocol. True Flip expects this update to provide additional momentum to platform’s development following the crowdsale.

Nikita Parhomenko, True Flip COO

Nikita Parhomenko, True Flip COO, stated:

As we’re aimed to provide the ultimate user experience for those playing at True Flip, the general idea of extending our product line was stated to be among the first major improvements following the crowdsale. It has become clear that True Flip and the team behind DAO.Casino have a mutual interest, so we move on with our Roadmap goals using this chance to rapidly implement the partner’s excellently crafted solution. Thanks to the success of True Flip’s ongoing crowdsale, now we’re ready to boost the planned improvements process.

The DAO.Casino team, on the other hand, believes that this implementation will be a great illustration of the ways their innovative protocol can benefit all sorts of online gambling services and the entire online gambling community.

DAO.Casino CEO Ilya Tarutov

DAO.Casino CEO Ilya Tarutov weighed in on the partnership as well:

The DAO.Casino’s protocol was created to provide the necessary level of decentralization for the businesses seeking it. True Flip is one good example of the benefits given by such partnerships. As we provide this team with a sustainable back-end solution to maintain one of its gaming options, it’s going to become a good showcase of the opportunities that DAO.Casino provides to its partners and another argument in favor of the bright future ahead of our technology. We look forward to making this partnership a truly win-win for both teams.

Further details of the project have yet to be released, however, additional information will be provided in the coming weeks as the new API integration process has only just begun.

True Flip ICO Status Update

True Flip’s ICO, which ends in a little over a day and a half at the time of this writing, has been – by anybody’s standards – a rousing success. In the first few hours following the ICO’s launch, over 2 million of the available 14.7 million TFL tokens had been sold, raising an impressive 1225 BTC or $3.1 million USD at today’s exchange rates.

Now, with the end of the ICO just around the corner, TrueFlip has announced the desired goal has been attained.

Parhomenko addressed ICO participants stating:

First, I’d like to thank all token holders for their priceless support of this project. I’m sure there are no obstacles now to thwart our way ahead! With good efforts already made, we’re ready to face the tough challenge of gaining the desired market share. True Flip has all the prospects to set the industry standard in provably fair gaming. This target motivates the team on its step-by-step track towards the desired product and business setup. In the nearest weeks, we’ll provide more news on True Flip’s current workflow and further development.

True Flip ICO Status Update

At the completion of the crowdsale, all remaining unsold tokens will be destroyed and funds raised will be allocated as follows:

  • 40% of funds raised during the campaign will form the jackpot
  • 23% will finance further development of the platform and new games
  • 20% will be reserved for marketing
  • 12% for operations
  • 5% for legal purposes

Holders of TFL tokens will be entitled to participate in the decision-making process regarding the project’s future development. In addition, they will be eligible for a share of 10 to 15 percent True Flip’s revenues from all tickets sold every quarter.

There is still time to participate in the ICO and earn 20% bonus TFL tokens. Once the 2000 BTC mark has been reached that bonus will be slashed in half to 10%. To learn more about TrueFlip please visit their official website or click here to learn about the True Flip ICO.

About True Flip

True Flip is the developer of a provably fair blockchain-powered international lottery inspired by classic PowerBall-like lotteries. The platform has proven to be extremely popular, having attracted over 100,000 players worldwide and paying out over 44 BTC since its beta launch in April of this year.

About True Flip

The project’s team summed up just how True Flip differs from traditional lotteries:

The history of lotteries has not known any solution that could guarantee the absence of any meddling. TrueFlip intends to revolutionize lotteries with transparency and fairness brought about by blockchain technology.

For more information: Website  •  ICO  • White Paper  •  Github  •  Steemit

What do you think of the new partnership between True Flip and DAO.Casino? How will it improve the platform’s UX? Let us know in the comments below.


Images courtesy of True Flip, DAO.Casino

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Čvc 25

Crypviser’s CVCoin Trades on OpenLedger; Bigger Exchanges Coming

· July 25, 2017 · 1:00 pm

Crypviser has recently finished the token distribution process, allowing the CVCoin token to be traded on the OpenLedger Decentralized Exchange. Plans for centralized exchanges have also been revealed.


Crypviser CVCoin ICO

Crypviser, CVCoin and the ICO

Online privacy is one of the most pressing issues of today’s internet. Although access to privacy-oriented tools continues to improve over time, other applications that do not focus on privacy often present themselves as a more intuitive alternative. Blockchain technology has been on the fringe of financial privacy and now, thanks to the Crypviser project, it may play an important in communications privacy and its mainstream adoption.

Focusing on privacy and end-to-end message encryption, Crypviser is leveraging the advantages provided by the blockchain technology to create an all-in-one network for secure social and business communications. The platform’s native token, CVCoin, will be required in order to interact with the communications platform and for in-chat payments.

CrypViser: Secure Communications

Following a successful Initial Coin Offering (ICO) period, he token distribution process has been completed with campaign participants receiving their CVCoins in the form of a Bitshares-based asset. A previous Facebook post made by the team explains why the BTS blockchain was chosen:

Crypviser chose the Bitshares platform powered by OpenLedger based on its key features, which match Crypvisers technical requirements and ideology. The Bitshares platform is one of the most powerful, secure and scalable blockchain networks available today.

The team has also released some ICO statistics that show just how popular privacy tools can be. The campaign gathered over $3.4 Million in several cryptocurrencies and distributed 5.5 Million CVCoin tokens to roughly 3000 unique investors. Since then, the Crypviser community has grown at an outstanding speed and currently counts with more than 8000 members in various multi-lingual sub communities.

Bitshares & Openledger

Since the Crypviser network will use the Bitshares blockchain, the CVCoin can be freely traded with no counterparty risk on the OpenLedger decentralized exchange. The Facebook post reads:

The Crypviser team believes that the future of exchanges and trade platforms in decentralized blockhchain world belongs the decentralized exchanges.

Although trading hasn’t been officially announced by the Crypviser team, trades are already taking place within the OpenLedger exchange. The team has warned that the prices seen on these “pre-markets” may not reflect the real market price of the CVCoin token, given their low volume and the lack of availability on traditional platforms.

What is next for Crypviser?

What is next for Crypviser?

With the CVCoin token distributed to ICO participants, Crypviser moves on to the next stages of development, including getting the token listed on traditional exchanges. Although the CVCoin is available on the OpenLedger DEX, Crypviser announced a plan which involves starting with the bigger exchanges like Bittrex, Poloniex and Kraken, and moving on to smaller markets like C-CEX and others.

Crypviser will also commence the development of their own wallet which will provide token holders with an intuitive interface for token interaction. Along with the development of a new wallet, they will also launch an official website for the project and the CrypNews media channel, a platform that will feature the latest news in the world of Blockchain Tech & Cryptography.

Further down the line, the team will release an early Alfa version of the Crypvise App for social communication which will be available for to CVCoin ICO early bird participants.

Can Crypviser help shape the future of online privacy? Let us know what you think in the comment section.


Images courtesy of

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Čvc 22

ViaBTC Begins Trading Bitcoin Cash (BCC) for Chinese Yuan (CNY) in Anticipation of UAHF

· July 22, 2017 · 4:00 pm

Mining pool and Bitcoin exchange ViaBTC has begun trading the “Bitcoin Cash” (BCC) token for CNY in anticipation of a Bitcoin ABC hard fork on August 1.


Like a bad divorce, some differences appear to be irreconcilable. Such is the case with the Bitcoin ABC scaling proposal, which may split the Bitcoin blockchain via a user activated hard fork (UAHF) on August 1. The solution was announced by bitcoin company Bitmain as a contingency plan for the user activated soft fork (UASF) that is scheduled for that day.

In anticipation of this split, ViaBTC has begun trading Chinese Yuan for their new Bitcoin Cash (BCC) coin. This token will support the new blockchain should the hard fork occur.

BCC opened for trading on July 22, where it managed to reach a high of 5,999 CNY ($886.64). It has since fallen to around 1,923 CNY ($284.17). Such a price slump could indicate that investors are still skeptical over the new coin and Bitcoin’s potential split.

Bitcoin Cash (BCC) Price Chart

ViaBTC Preparing for UAHF

ViaBTC announced their intention to support the new blockchain on July 17. Their decision was made following inquiries from miners and users looking to support Bitcoin ABC:

As a professional cryptocurrency platform who guarantees superior customer service and maximum protection for customer assets, we decide to make precautions for the upcoming UAHF and provide a new option for users, on the basis of our support of SegWit2x under New York Agreement. We will designate the token “Bitcoin Cash” (BCC) to the possible split coin led by the activation of UAHF…

ViaBTC is allowing its customers to trade their current Bitcoins for 1 BCC and 1 BTC_FROZEN2. The BTC_FROZEN2 tokens cannot be traded before August 1, but will be redeemable for 1 BTC following the chain split.

Bitcoinist_Bitcoin Hard Fork

A Fork in the Road

With ViaBTC now supporting BCC, a Bitcoin split now seems almost certain. It remains to be seen whether other mining pools will support the new blockchain following the fork.

So far, ViaBTC is the only exchange which has announced support for the new token. Coinbase, the world’s largest Bitcoin exchange, has already announced they will not support the new blockchain:

Should the UAHF activate on August 1, Coinbase will not support the new blockchain or its associated coin. Any BTC within customers’ accounts will remain accessible over the main blockchain only, and will not be converted into BTC on the UAHF chain.

In the meantime, the main Bitcoin blockchain will retain its BTC ticker and price. Should the new blockchain gain the majority hashpower in the coming months, however, BCC may overtake BTC as the dominant Bitcoin blockchain.

How do you feel about a Bitcoin split? Which blockchain will you support? Let us know in the comments below.


Images courtesy of ViaBTC, Pexels

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Čvc 15

Investors see ICO as the Future of Venture Capitalism

· July 15, 2017 · 12:30 pm

This year has been a very profitable for cryptocurrency investors. More and more people are investing in ICOs (Initial Coin Offering) in hope to get in the next Bitcoin or Ethereum.


ICO the Future of Venture Capitalism?

The Future of Venture Capitalism

Any way you look at it, 2017 has been a record setting – and record breaking – year for cryptocurrencies and ICOs. Over 40 different projects have managed to raise an impressive $1.2 billion USD in funding through token sales. Investors and experts believe that this is just the beginning and that ICOs will become the de facto method for fundraising in the future.

In light of the overwhelming successes of several recent ICOs, many startups have decided not to take the traditional path of fundraising through venture capitalists (VCs) and instead launch their own ICOs. Not wanting to be left out of the money loop, many venture capitalists are now turning to ICO-focused hedge funds. In fact, in 2017 alone, over 15 new hedge funds have launched or will be launched by the end of the year. Many of these funds are backed by VCs like Founders Fund, Sequoia Capital, and Union Square Ventures.

According to a recent article in Forbes, among the list of newly created hedge funds are Polychain, founded by Olaf Carlson-Wee, and MetaStable, founded by Lucas Ryan, Josh Seims and Naval Ravikant, the chief executive officer and co-founder of Angel List.

Bubble or Bull Market?

Bubble or Bull Market?

Some experts believe that the recent hype surrounding ICOs might be an indication for a bubble. The commonly held opinion among these experts is that with new ICO projects being launched nearly every week, many investors may be “blinded” by their greed and invest in projects that have no working product, business plan or future development plan.

William Mougayar, the general partner at early stage fund Virtual Capital Ventures, said following regarding the current ICO situation:

If you rush gains, valuations, expectations, hype, etc… the whole thing will crash down. That is what happened in 1999/2000 with the Web. Suddenly, everything was going to be on the web, whether they were good or bad ideas, and whether they were experienced or non-experienced teams,

This current ICO frenzy is reminding a lot of investors of the famous Dot-Com bubble of 2000 that cost investors $5 trillion. This week, the cryptocurrency market had a strong downtrend that brought down the market capitalization from $100 billion to a current $71 billion.

What are your thoughts on the future of venture capitalism? Do you think that more VCs will jump on the ICO train? Let us know in the comments below!


Images courtesy of Pexels

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Čvc 02

Block.one Breaks Records, Raises $185 Million in 5 Days

· July 2, 2017 · 11:00 am

Blockchain startup block.one raised a record-breaking $185 million USD through the ICO of its EOS cryptocurrency.


The Hong Kong-based startup block.one recently announced that they have raised $185 million in 5 days, through the ICO of their cryptocurrency EOS. The record-breaking amount of funds that were raised, were enough to take the record from the Bancor ICO. The Bancor ICO was able to raise $150 million for its ICO.

The Technology

EOS infographic

Block.one’s product is EOS, a new platform that allows developers to create blockchain apps on top of their protocol. The EOS software will introduce a new kind of blockchain architecture that allows vertical and horizontal scaling of decentralized applications.

The startup also claims that the EOS platform can handle hundreds of thousands of user transactions without charging any fees. On the official website of EOS, the team also stated that the software will be released under an open-source license.

EOS Token

EOS graphic

After many previous ICOs like Status and BAT were sold-out lightning-fast, the block.one team decided to use a take a different approach for the EOS token distribution process. The EOS token distribution will take place over 341 days, starting on 6/27/2017 and 1 billion tokens will be issued in total. According to the official EOS page, the distribution will have several different phases.

The first phase of the distributions took place between June 6th, 2017 and July 1, 2017, with a total 200 million tokens be up for sale. The second phase of the EOS token distribution will start on July 1st, 2017 and 700 million EOS token will be distributed. These 700 million tokens will then be split evenly into 350 consecutive 23 hour periods of 2,000,000 EOS tokens each. The final 100 million tokens will be reserved for the block.one team and cannot be traded or transferred.

When asked why they chose to use this particular token distribution method, the block.one team explained:

A lot of token distributions only allow a small amount of people to participate. The EOS Token distribution structure was created to provide a sufficient period of time for people to participate if they so choose, as well as give people the opportunity to see the development of the EOS.IO Software prior to making a decision to purchase EOS Tokens.

What are your thoughts on the EOS ICO? Do you think that the block.one team took the right approach for their token distribution? Let us know in the comments below!


Images courtesy of block.one, unsplash.com

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Čvn 20

CryptoPing to Help Users Navigate the Cryptocurrency Investment World

· June 20, 2017 · 2:00 pm

CryptoPing is an Instant Message bot for cryptocurrency traders, compiling information from exchanges and presenting it to the user in the form of comprehensive signals.

[Note: This is a sponsored article] 


Navigating the Cryptosphere

The recent cryptocurrency rally has taken crypto to unexplored heights, amassing a global market cap of over 100 billion and gaining new users worldwide. However, it has also created a FOMO (Fear Of Missing Out) environment where inexperienced traders can lose fortunes in weeks due to rushed decisions based on no substantial research whatsoever.

In a market like this, experienced traders profit greatly from past experience, while entrant users must resort to information hubs. However, quality trading and analysis tools and info are not in abundance in cryptocurrency world, which means that users may be lead to make decisions based on incorrect information.

Bitcoin Price markets

CryptoPing is an Instant Message bot for cryptocurrency traders. Taking the form of an ordinary chat room, it compiles information from exchanges and presents it to the user in the form of signals, who can then choose to act upon it. The CryptoPing bot clears the overwhelming noise in the cryptosphere and prevents you with the most relevant movements in the market in due time.

Showcasing the need for quality tools in the field, CryptoPing’s ongoing crowdfunding campaign has already raised 65% of the initially expected funds. The CryptoPing IM bot has more than 25,000 active users, with more 500 new daily registrations, currently awaiting the launch of the subscription-based services and social sharing.

CryptoPing: Enhance Your Trading System

The information provided by CryptoPing is based on the trading volume, price movements, change to coin rate to BTC, cryptocurrency market capitalization, and more. This information will be compiled in a manner that quickly tells the user what altcoins he can buy and why, showing the relevant market movements.

Although CryptoPing can be used to enhance your trading skills, allowing you to quickly scope out the market in four different cryptocurrency exchanges and to place your orders based on the provided info, all of your purchases should be accompanied by extensive research. This system allows you to know all relevant information about the investment you’re making and not just the price/volume movements, which can be deceptive.

In the future, CryptoPing’s roadmap includes social trading, an investing app, news and social feeds monitoring, neural network for markets and auto-investing app and more

The PING Token & ICO

In order to fund the development of the CryptoPing project, an Initial Coin Offering (ICO) Campaign is currently taking place, allowing users to exchange Bitcoin in exchange for PING tokens, a crypto-based asset issued on the Waves Platform.  The ICO has gathered over 377 BTC so far, with four more days left until the end of the campaign.

The PING token is used as a payment method for the CryptoPing subscription model. Most of the PING tokens used for payments will be burnt for the first six months, which allows the total supply of 10 million to decrease.

So far, CryptoPing has been able to gather 65% of the expected funds. With over 2202 investors worldwide, CryptoPing will be able to deliver a globally accessible product that can be used by anyone that has access to an IM app like Telegram or Slack.

Can CryptoPing become a standard tool for experienced and novice traders alike? Share your opinion below!


Images courtesy of CryptoPing, Shutterstock 

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