Zář 02

Commodities In Fashion: GoldMint Gives Stale Trading A Blockchain Facelift

· September 2, 2017 · 12:10 pm

Commodities were once synonymous with old money and the elite, but in the age of cryptocurrency, they are making an unstoppable comeback.

Commodities in the Age of Crypto

In 2017, commodity trading focused on precious metals particularly is becoming vogue once again – but this time for anyone with Bitcoin holdings.

While commodities naturally come in more forms than metals – energy and foodstuffs, for example – it is gold that has found a natural rebirth as a tandem partner with cryptocurrency owners.

Gold remains stable. Despite its comparatively underwhelming performance versus Bitcoin for shorters, the metal fundamentally serves its purpose as a shield from fiat controls.

“The broad masses of the population are interested in buying stable assets backed by real gold, as most local currencies experience a devaluation against the dollar. Use of Blockchain  technology simplifies this process and makes it more transparent for all participants,” Dmitry Pluschevsky, CEO of Blockchain-based gold platform GoldMint explained to Bitcoinist.

‘Backed By GOLD’

Stemming from the cryptocurrency industry, an increasing array of startups are offering investors exposure to precious metals through the medium of digital tokens instead of brokers and dealers.

GoldMint is positioning itself as a advancement which will revitalize the tired pawnbroker industry and its reputation, offering trading and storage of gold assets combined with a gold-backed digital asset, GOLD tokens.

The ecosystem is designed to be self-sufficient, swapping human links in the chain for Blockchain-powered automation, principally in the form of a so-called Custody Bot which creates an immutable record of every operation.

The machine functions are an automated pawnbroker, storing, inspecting and weighing gold while remaining independent of third parties using Blockchain-backed data.

“We think it is very important to have direct proof of the commodity backing tokens,” CTO Konstantin Pichugin continued.

“Let’s imagine there is no any proof-of-assets protocol. It means nobody really understand how much commodity we really have. In this case nobody will trust us. Such token will be the same as USDT and only people who love huge risk would use it.”

Marrying Digital Tokens With Commodity Support

The concept of a commodity backing digital tokens is already not entirely new. Bitcoin holders have long been able to use their digital assets to hold gold and even take physical delivery of ingots to cut out third party storage altogether.

Like legacy commodities trading, GoldMint also uses exchange-traded funds (ETFs) to facilitate investor exposure.

As Blockchain technology progresses at a record pace, however, so are the solutions it can support, making the GoldMint Custody Bot a newcomer to the gold industry.

“GOLD cryptoassets have to be considered as a hedging instrument,” Pluschevsky added.

“While almost all cryptocurrencies are very turbulent, GOLD cryptoassets backed with real gold bullions and ETF have extremely low volatility.”

The project is still in its infancy despite the technology rollout, however, and an ICO (link to the ICO page) on September 20 is intended to launch GOLD onto the world stage and fund the roadmap for the next few years.

Participants will receive bonus token allocations for early participation.

What do you think about commodity trading’s comeback on the Blockchain? Let us know in the comments below!


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Zář 02

REVAIN and Internet of things: how soon?

· September 2, 2017 · 5:00 am

According to Cisco, about 50 billion devices are due to come online by 2020. With the Internet of Things getting closer the world will never be the same again. The underlying concept for IoT is basically connecting any device to the Internet and/or to each other — everything from cellphones, coffee makers, washing machines, headphones, lamps, wearable devices to almost anything you can think of.

[Disclaimer: This is a sponsored article]

And it’s been going on for quite a while already with companies like Google producing all sorts of smart household devices and smart self-driven cars. Many of the larger corporations have also expressed strong interest in Internet of Things technology. For example, Bosch’s most recent annual report set out a vision to be “one of the world’s leading IoT companies” by focusing on sensor technology, software and services, while Cisco, known for making networking equipment, has a clear interest in being at the forefront of machine-to-machine interactions.

The potential value of IoT cannot be overestimated. What if your office equipment knew when it was running low on supplies and automatically re-ordered more? What if your car knew where the nearest car shop was and drove itself there to get fixed? What if your fridge knew when it was running out of food and automatically purchased food at the closest grocery store? Or imagine a vending machine that can not only monitor and report its own stock, but can also arrange for the delivery of new items automatically based on the purchase history of its customers or their online reviews.

But the Internet of Things would never be even real if not powered by the latest blockchain developments — it is blockchain that enables smart contracts providing for M2M interactions. IBM IoT latest blockchain development enables devices to participate in transactions to communicate to blockchain-based ledgers. For instance, as an IoT-connected package moves along multiple distribution points, the package location and temperature information could be updated on a blockchain.

But as IoT opens the door to huge opportunities, it does also to many challenges — security being the biggest. With billions of devices connected together how can we be sure that their information stays secure? Blockchain technology has the potential to solve this in the same way it works for cryptocurrency: making sure that data is legitimate and the data processing is well-defined. Therefore, blockchain technology is the missing link to maintain privacy and address reliability concerns of the Internet-of-Things.

Remember the example of a vending machine and a fridge? Machines might be smart, but for now they still need some human help when making a purchasing decision. Where would you turn to if you’re having difficulties when making a choice?

Probably Yelp or Google reviews, but unfortunately these platforms are not able to deal with robotic requests. Moreover, it’s a proven fact that 60% of all the reviews are fake either ordered or generated by millions of bots. The Internet of Things threw down a new challenge and REVAIN accepted it bringing in a new generation review platform. Reviews on REVAIN are based on human opinions and available for robot requests, which means that the machine sends the question and gets the answer as if it was a human request. So a vending machine will be able to go online, scroll down the reviews on chocolate bars and choose the one with the highest review rating. Plus REVAIN reviews can’t be faked or altered. This is truly revolutionary for the future machine communications and as we see technology is booming so the application of these developments is universal. REVAIN crowdsale started 3 days ago and already accumulated 1020BTC proving that the platform with this kind of functional features has been awaited and receiving huge support from the community. The sale will last till September 6. If you wish to support the development of the platform, feel free to join here: https://crowdsale.revain.org/

Well, it looks like the future is now. We might not be able to evaluate the whole impact the blockchain is going to make on human — to — machine and machine — to — machine interactions now, but the amplitude is super intriguing.

REVAIN crowdsale is scheduled to last till September 6, 2017.

Press and Media Inquiries:

contact@revain.org

Related links:

WHITEPAPER: https://crowdsale.revain.org/

https://www.facebook.com/Revain-Reinventing- Reviews-on- Blockchain-657353151128295/?ref=br_rs

Twitter: @revain_org

Telegram: https://t.me/revain.org

Medium: https://medium.com/revain

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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]

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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

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Čvc 08

Inpay Combines Ethereum Classic and Waves to Deliver a Robust Dual Platform Cryptocurrency

· July 8, 2017 · 1:59 pm

Every blockchain is comprised of a specific underlying consensus algorithm. It is this underlying algorithm that determines the governance and operational processes of a particular blockchain.

[Note: This is a sponsored article.]


No Blockchain is Perfect

Products built on top of blockchain platforms automatically adopt the underlying protocol of such platforms. This explains the reason why not every program can be developed on every blockchain platform, and also why the functions of a particular project determine what platform may be suitable for it to run properly.

Several consensus algorithms currently exist on the blockchain, they include, Proof of Work, Proof of Stake, Proof of Service, Proof of Burn, Proof of Space, etc., all of them claiming to solve the cryptocurrencies/blockchain challenges for decentralized control, low latency, flexible trust, less resource intensive, asymptotic security, etc.

However, it is now widespread knowledge that each of these algorithms has their particular areas of strength and weaknesses. Therefore, it is only normal to find a blockchain that would offer excellent functionality in a particular area but fail to deliver optimally in other areas.

Inpay Blazes a Trail 

Combining blockchains to achieve optimal results based on their specific areas of strength is a development that has been adopted by the creators of Inpay, a cryptocurrency designed to harness the properties of Ethereum Classic and Waves in enabling features such as decentralized voting systems and aliases.

Being the first Ethereum Classic and Waves based platform, Inpay explores the intrinsic qualities of these platforms to achieve a completely decentralized smart contract infrastructure and a decentralized exchange at the same time.

Through Ethereum classic, Inpay is able to explore the completely decentralized infrastructure Smart contracts and dapps which allow the development of many different features of the platform while security is provided by a lot of mining power.

Waves, on the other hand, offers the options to trade InPay vs fiat in a decentralized exchange built into the simple official client that doesn’t require synchronization. This enables the easy addition of assets just by sending tokens to the address.

The future of blockchains

The Future of Blockchains 

Apparently, creating platforms that enable the combination of blockchains will go a long way in solving some persistent problems within the decentralized ecosystem.

Robust platforms like Inpay will indeed offer solutions that cut across security, speed of transaction, efficiency, immutability and a lot more as the blockchain industry continues with its development.

What do you think? Will combining multiple blockchains solve some of the problems plaguing decentralized ecosystems? Let us know in the comments below.


Images courtesy of Pixabay, AdobeStock, Inpay

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Čvc 06

Can CREDO Take Its Place Alongside Visa and Mastercard?

· July 6, 2017 · 11:52 am

Saint Petersburg, Russia-based CREDO have developed what is being dubbed a “next generation payment system” that makes everyday shopping easier for both buyer and seller alike.

[Note: This is a sponsored article.]


What is CREDO?

CREDO is a multi-functional payment system based on a financial algorithm that involves the participation of an independent agent in the transactions of purchase and sale of goods or services. Also called a derivative, the Electronic Certificate enables the parties (buyer and seller) to assume the right or obligation to perform certain actions with respect to the underlying asset.

Some of the features of CREDO include:

  • Innovative multi-brand loyalty program
  • Ultra-high discounts for all types of goods and services
  • Electronic certificates sold for crypto-currency
  • Electronic card linked to a personal bank card
  • Internal processing system independent of any banks
  • High-speed payment system using NFC technology
  • POS-terminals and EMV Java Cards
  • Created to work everywhere in the world just like VISA or MasterCard

CREDO internationality

CREDO’s primary competitive advantage is its internationality. Users of CREDO can buy and sell with any currency and from any country in the world. The payment model is extremely efficient and applicable not only to goods and services but intangible and tangible assets as well. It allows credit and payment operations not only through classic financial markets but through cryptocurrency as well.

Oksana Evseeva, an expert on international investments certified IFRS by the Institute of Financial Accountants in London, weighed in on the potential of CREDO in the global marketplace:

CREDO could be comparative and competitive as Visa and MasterCard using its model on B2B and C2C markets. […] It could work as on B2C as on B2B and C2C markets combining current financial and new crypto-currency markets.

B2C Payment Platform

CREDO’s B2C model works similar to a customer loyalty programs but gives more opportunities for market coverage. Customers can buy goods and/or services at a discount from any participating merchant around the world.

The basic mechanism of transactions in CREDO in B2C sector is as follows:

  1. The Retailer issues emission of Electronic certificates (Derivatives) for future sales of its goods/services
  2. The Operator works with the Retailer, providing payments for Derivatives, and also with Clients, providing sales of Derivatives, with a discount in case of rising clients’ base and loyalty
  3. Clients buy Certificates for goods and services.

The end result is a win-win for all participants. Retailers get more customers and increased working capital, Operators get an increased client base and profit margin, and customers end up paying less for the goods and services they purchase.

CREDO is Real World Tested

Unlike many ICO projects that seek to raise capital to fund the development of their service or platform, CREDO is already being used in real world scenarios, having undergone rigorous testing to ensure full compliance and adaptability for both domestic and international cross-border transactions.

Konstantin Galibus, CEO & Founder of CREDO

Konstantin Galibus, CEO & Founder of CREDO, describes some of their earlier tests:

We carried out a transaction in Europe through Deutsche Bank and VTB Bank in Russia executed a cross-border transfer for purchase liabilities of one of our Spanish counterparties. While Deutsche Bank, which acted as a correspondent bank, suspended the transfer of funds until the transaction structure was explained, when the processing model CREDO was presented to Deutsche Bank and the economic feasibility was proved, the funds were released and the transaction was concluded with success.

This example demonstrates not only the adaptability of our system to the strictest requirements of international banks but also our willingness to ensure cross-border transactions using an absolutely independent financial instrument.

Since then, CREDO has been used by over 1000 customers throughout China, UAE, Spain, and Russia. Over 9000 transactions have been completed totaling over 16,120,000 EURO. In a recent tweet, CREDO announced that additional pilot projects are in the works:

According to the project whitepaper:

CREDO has a patent for the designed system. The functional of the business model of CREDO has already been provided with all the necessary software and hardware and confirmed by positive test results in Europe. CREDO is a real financial project with its own technical processing, POS terminals, and EMV Smart Cards.

CREDO Pre-ICO in Progress

Launched on June 25, 2017, CREDO’s first round Pre-ICO is already under way. The ICO seeks to raise $5.5 million USD. Funds raised during the ICO will be used to:

  • Fund the cash turnover and create a new Operator in the system needed for the Cash-Forward payment model of CREDO’s B2C platform
  • Overall system improvements
  • Marketing

The Pre-ICO ends on July 10, 2017, after which it will transition into the main ICO. Investments in the ICO can be made with Bitcoin, Litecoin, or Ethereum.

For more information about CREDO please visit their official website or download their whitepaper. CREDO’s ICO is being hosted at ICO Marketplace.

Does CREDO have the potential to take its place alongside Visa and Mastercard? How will it affect mainstream adoption of cryptocurrency? Let us know what you think in the comments below.


Images courtesy of CREDO, Shutterstock

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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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Čvn 09

Crypviser Will Encrypt Messages on the Blockchain for Private Communications

· June 9, 2017 · 3:00 am

Crypviser is building a blockchain-based all-in-one network for secure social and business communications. ICO is currently ongoing.


Improving on Privacy with Blockchain Technology

In today’s Orwellian society, privacy has become a rare and valuable asset that some go to great lengths to protect while others simply throw it away in exchange for convenience. As technology evolves, however, so does access to privacy-oriented tools and their underlying technology.

Blockchain tech has gone a long way in the realm of financial privacy, now Crypviser wants to build upon it and extend its use onto end-to-end message encryption by providing a blockchain-based all-in-one network for secure social and business communications. The project is currently undergoing a crowdfunding campaign that will help fund the development of this network.

A unified and secure instant communication network, Crypviser provides real end-to-end encryption and unique blockchain based authentication, the latter of which allows users to truly identify and confirm each other’s identity through the user of private and public keys.

The end result is a secure and private messenger which will also feature its CVCPay system, allowing users to send funds to each other anonymously.

Crypviser ICO & CVCoin

In order to fund the development and marketing of Crypviser’s network, a crowdfunding campaign is currently taking place. Taking the form of an Initial Coin Offering (ICO), the Crypviser’s funding stage ill last until June 30, 2017, during which time investors can buy the CVCoin, the underlying token in the Crypviser’s platform.

The CVCoin is required in order to interact with the Crypviser platform and to cover its transaction fees. Transactions are required to authorize and identify the users’ access to public encryption keys, ensuring that messages cannot be forged nor can they be decrypted.

So far, the Crypviser ICO has managed to gather over $900,000. These funds will be used to cover mobile, backend, and infrastructure costs as well as licensing fees, legal services, operational costs, and of course, marketing.

The Initial Coin Offering is currently ongoing and will last until the 30th of June. Users can invest in the Crypviser ICO using Bitcoin, Ethereum, and even USD. Most recently, support for the TIME token was also added. 15 million CVCcoins will be distributed, along with special benefits such as free subscriptions, access to special features, free access to the CVPay system, and more. 

Can Blockchain technology help the internet regain its privacy? Can Crypviser become the merged solution we need for financial privacy and message encryption?


Images courtesy of Shutterstock, Crypviser

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Kvě 26

Monaco Visa Card ICO Brings Crypto Token Spending To The Masses

· May 26, 2017 · 8:00 am

The cryptocurrency debit card market is gaining a new heavyweight as Monaco continues its 150,000 ETH ICO.


Debit Cards Take Advantage Of ICO Craze

Monaco, which is raising funds to launch its prepaid Visa card for spending Bitcoin and ERC20 tokens with fiat currency, has accrued around 26,000 ETH since the token sale began May 18.

The event marks the fully-fledged entry of crypto debit cards into the ICO realm, which has already seen startups with all manner of USPs benefit from millions of dollars in funding.

“Given the interest in the product over the past six months, it is likely demand will exceed supply,” bullish co-founder and CFO Rafael Melo said in an introductory video.

Speculation-Proofing ERC20 Tokens

Despite the mixed reactions to Ethereum startups’ ICOs in recent months, Monaco is hoping its multifaceted token plans will allay any fears among investors.

FundYourselfNow Crowdfunding Platform Announces Q1 2018 Launch, ICO Starts June 2, 2017

Sales of its MCO token are being performed on a sliding exchange rate to ETH, giving early investors an effective discount. Once the product is launched, a 1% so-called “software license fee” will send a portion of card transactions to a smart contract, generating value over time for MCO.

Incentive schemes such as lack of presale and a referral program are ostensibly designed to improve uptake and prevent ‘whale’ investors controlling significant portions of the token offering.

That said, Monaco is running a bidding program that will award a more advantageous ‘Black’ card to the ICO’s biggest investor.

Novice Users Targeted To Remove Confusion From Crypto Spending

Despite the project only being in worked on for 12 months, the huge surge in interest around Ethereum among lay consumers is generating spending demand. Cryptocurrency exchanges recently reported 600% increases in new users fueled by price rises, many of whom demonstrated a lack of knowledge about what Bitcoin or Ether really are.

Monaco is attempting to keep its product “beautifully simple,” as per promotional literature, using what it describes as “near-perfect exchange rates” to net novice users and beat out competitor offerings with higher fees.

CEO Kris Marszalek went as far as to promise that users would even save “up to 40€ out of every 500€” spent on the Visa card purely as a result of its improved FX rates.

User acquisition will meanwhile take an entirely app-based form, the startup saying it has “solved compliance issues” to enable facial scan and a “3-minute” registration process before cards can be ordered and used.

The ICO is due to conclude June 18.

[Note: This is a sponsored article] 

What do you think about Monaco’s ICO and debit card? Let us know in the comments below!


Images courtesy of Shutterstock, mona.co

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Kvě 19

MobileGo Becomes 2nd Biggest ICO Ever, Netting Over $26 Million

· May 19, 2017 · 9:30 am

MobileGo has gathered over $26 million dollars making it the second most successful crowd sale in the cryptosphere, and the fourth in the world.

[Note: This is a sponsored article]


MobileGo Raises Over $26 Million & Counting

Initial Coin Offerings (ICOs) are changing the way projects are being crowdfunded, creating a new generation blockchain-based tokens like appcoins and assets. Although ICOs started with Mastercoin’s relatively modest sum of roughly 500,000 USD, they are now taking new proportions.

As time passes by, it seems that investors are becoming less wary when it comes to investing in blockchain-based crowdfunds. Now, it is not uncommon for ICOs to gather millions on their first day (or minutes) and that’s exactly what MobileGo, one of the largest crowdfunding campaigns in history, has done.

Kicking its ICO off with 4 million dollars on the first day, MobileGo has attracted over $26 million (or 6,800 BTC) so far, making it one of the most successful ICOs ever, second only to the DAO, and the fourth most successful crowdfunding project in the whole world. And the ICO isn’t even over yet, with five days left until the end.

Hosted by GameCredits Inc., the MobileGo ICO allows users to exchange several established cryptocurrencies like Bitcoin, Ethereum, Waves, GAME, and others in exchange for MobileGo (MGO) tokens, which will bring several benefits to its holders and help shape the environment of the GameCredit’s Moblie Store, a platform for mobile games with over 300 games by 150 different developers.

ICOs: Hype or New Paradigm?

The MobileGo ICO will not only help fund the Gamecredit’s Mobile Store marketing and branding efforts, but it will also gamify the platform through the use of Ethereum-based smart contract, allowing users to compete among themselves in a decentralized manner and to earn rewards and reputation while doing so.

The MobileGo token features some of the latest trends in the blockchain space such as dual-blockchain capabilities and a buyback program that will see the token supply decrease over time. The dual-blockchain functionality allows users to transfer tokens between the Ethereum and Waves blockchains through the use of BlockSwap technology.

However, the main aspect of these tokens are not their technical characteristics per se, but rather the function they serve within the platform. Although the GameCredit’s Mobile Store already features its own cryptocurrency, GAME, Ivica Simatovic, CEO at GameCredits Inc, explained to Bitcoinist why a second token is necessary.

GameCredits CEO Ivica Simatovic

He said:

The MobileGO token will be used to provide many important features to Gamecredits Store based on smart contracts. In this store there will be 2 tokens: 1 for processing (Gamecredits) and another for tournaments, betting, virtual market place (MGO).

Not only that, but MobileGo will also reward customers with discounts, free entrance to VIP tournaments and access to private game beta stages.

“This store will be a unique and special place for gamers where they will receive services they can not find in other places,” adds Simatovic.

Money is Pouring into Crypto

Although ICOs are not new, they are certainly one of the new crazes in the world of investment. Not only has the global cryptocurrency market cap doubled in size in May alone, millions and millions of dollars kept flowing into ICOs like MobileGo, Gnosis, Aragon,etc. with many more in the pipeline.

Although some have concerns regarding Initial Coin Offerings and the lack of regulation or guidelines, ICOs are providing new ways for entrepreneurs to get their projects off the ground, which wouldn’t be nearly as easy through banks and VC firms.

While undoubtedly uncharted territory, ICO are shaping the future of technology allowing developers to experiment with blockchain technology at will and to build decentralized and trustless applications, which were not possible before.  

What’s your take on the current ICOs trend? Share your thoughts below! 


Images courtesy of Gamecredits, Shutterstock

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