Bře 19

Ovato to Revolutionize the Loyalty and Rewards Industry

· March 19, 2018 · 1:45 pm

According to data from CoinSchedule, initial coin offerings (ICOs) have raised almost $3 billion year-to-date, which includes Telegram’s pre-sale that targeted $850 million. It seems that 2018 will become another record year for the ICOs. If you missed the recent crowdfunding events, don’t worry – the most interesting ones are still to come.

One of the exciting projects that we want to discuss today is Ovato, a decentralized ecosystem used to create and monitor social media-oriented advertising campaigns. The blockchain-based system will involve merchants, social media influences, and customers. It will revolve around Ovato Coin, with the ticker OVT, which is currently released via a multi-stage ICO.

The Ovato Coin will be used for loyalty and rewards programs, charity, and other use cases focused on the merchant-client relationships.

The OVT token can enjoy a guaranteed success given that it will be distributed on top of Bitovation, a California-based Ovato subsidiary that helps clients get rebates in Bitcoin. Currently, Bitovation is already working with 950 US-based brands.

How Will Ovato Coin Be Used?

How Will Ovato Coin Be Used?

Prior to explaining the specific use cases of Ovato, we should stress the fact that this token can be used the same as any other cryptocurrency out there, such as Bitcoin. OVT will provide users with immediate settlement so that the latter ones could pay with Ovato or transfer it to someone else in exchange for goods, services or other digital currencies.

However, Ovato wants to address the multi-billion dollar loyalty rewards market, so it will have many similarities with the way Bitcoin is used under the Bitovation project. In other words, brands and agencies will use Ovato’s system to conduct marketing campaigns, while brand influencers and loyal clients will earn OVTs by supporting brands or regularly buying goods. Eventually, they will be able to use OVT tokens to pay merchants or convert them to fiat money.

Ovato-based loyalty programs will ultimately encourage brand recognition among consumers, which is expected to trigger the establishment of clear habit patterns that favor both the company and its loyal customers. It’s a win-win situation for all the parties involved.

Besides the mentioned use cases, the Ovato token will be applied in charity programs. Today, 90% of the donations don’t reach their destinations. This is a sad statistic that exposes the centralized charity agencies. A significant portion of non-for-profits’ failure is the result of inefficiencies. Donations with Ovato will be transparent and secure thanks to the blockchain technology.

Ovato ICO

To achieve its goal, the Ovato team calculated that it needed to raise $30.35 million via a public token sale event, which already started on February 28 with its pre-sale period.
The ICO event was split into more periods as follows:

  • 96-hour pre-sale – this four-day period came with a 70% discount of the OVT token. Thus, investors could buy coins at a price of only $0.60. Just 1 million tokens were available for this crowdfunding stage. The investors had to buy at least 1000 tokens at once.
  • Lot A token sale – this is the current phase that ends on March 26, so you can jump in and buy OVT tokens now, as they come with a 50% discount. Accordingly, can buy OVTs at a price of $0.95 per token. 5 million tokens will be offered during this stage.
  • Lot B token sale – the third stage will succeed the Lot A phase and will end on April 17. Investors will be able to buy OVT tokens at a price of $1.50, which suggests a discount of 25%. 7 million tokens will be sold then.
  • Lot C token sale – this lot is scheduled for the period between April 18 and May 9. You will be able to buy OVT tokens for $1.75, which means a 12.5% discount. A hard cap of 6 million tokens is planned for this stage.
  • Lot D token sale – finally, the Lot D phase will start on May 10 and will keep live until the last day of the month or until the target amount is raised. 2 million OVTs will be distributed at the full price of $2 per token.

Investors can buy OVT tokens by paying with Ethereum, Bitcoin, Litecoin, and Dash. Note that Ovato is an ERC20-based token created on top of Ethereum via Solidity programming language. Thus, you will be able to hold your tokens on any ERC20-compatible wallet.

The tokens will be distributed as follows: 50% for the pre-sale and ICO, 14% for the team, 16% for affiliate marketers and advisors, 15% for the distribution partners, and 5% for bounty.

The Final Note

The loyalty and reward markets currently estimated at $65 billion and are expected to reach $100 billion by 2020. This is a vast territory that has to be addressed with innovative technologies, such as blockchain.

Ovato might enjoy a guaranteed success given that it’s one of the first startups to apply the distributed ledger technology in this huge industry. It wants to reduce the loyalty program costs by 87% and also ensure the transparent and secure manner of processes.

Besides, Ovato is targeting the $400 billion charity industry, which struggles with several problems caused by the way traditional agencies handle their programs.

If you want to become part of Ovato’s success, make sure you participate in its public token sale at the earliest stage possible, so that you could enjoy generous discounts.

Don’t hesitate to check Ovato’s whitepaper here.

Images courtesy of Ovato

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 09

Why Artificial Intelligence is Making Day Trading Obsolete, Research Revealed by OpenBlock

· March 9, 2018 · 12:30 pm

OBi is OpenBlock’s automated cryptocurrency trading bot that will bring trading returns to the OpenBlock platform token holders. This allows people from almost anywhere in the world to participate by staking their tokens on the network.

Research over the last two years has shown that digital currencies have become a source of high marginal returns considering its ample trading opportunity and skyrocketing prices. Consequently, it allows individual traders to take advantage of multiple aspects of digital currencies often without the knowledge of the pitfalls of trading, such as high volatility that leads to major price swings.

Trading cryptocurrencies has always been a risky endeavor considering the opaque background of various coins, a trader must know the complexities of trading and have an understanding of a rapidly growing cryptocurrency landscape. Considering the fact that the crypto market remains open 24/7 with little oversight and is highly volatile. This environment has led the perfect storm for both huge losses and huge gains.

Monitoring trends to make the right decision is a tricky task that involves deep analysis of market trends, fundamentals, 30-day moving averages and so much more. Although gaining information from the internet is not a difficult task, it’s important to absorb the correct data from unbiased sources continually. A single individual would have a hard time performing these time consuming and often mundane tasks day in and day out with precision.

The Artificial Intelligence Advantage

The advantages of A.I. trading to human trading is that A.I. has predetermined trading rules, trades 24 hours a day, zero emotional breakdowns, understands risk management and the list goes on…  

Considering the huge potential crypto markets have to offer, OpenBlock has solved all of these issues with an automated trading bot. OpenBlock has carried out two years of investment and extensive research and development into a proven trading bot that solves all the problems of human day trading and provides consistent profits day in and day out.

What Is OpenBlock

What Is OpenBlock

OBi is OpenBlocks‘ automated cryptocurrency trading bot that will bring trading returns to the Open Block platform token holders. This allows people from almost anywhere in the world to participate by staking their tokens on the network. Individuals that do not have the time nor the basic knowledge of crypto trading can benefit from the continuously growing digital currency marketplace without sitting in front of a computer pulling their hair out trying to make money. OBi is a highly advanced automated trading bot that does all the heavy lifting for members of the OpenBlock community 24 hours a day.

Obi trades dozens of currency pairs of crypto simultaneously while it scans the markets, analyzes charts and performs fundamental analysis around the clock which is above and beyond what any human trader could ever perform on a consistent basis. OBi has the ability to trade up to 1200 round trips in a single 24 hour period.

Artificial intelligence is the future of trading, and OpenBlock is at the forefront of this trading revolution.  

OpenBlock believes in complete and utter transparency and livestreams its trades in real-time on OpenBlock.co and the official OpenBlock Youtube Channel. Obi posts the results daily of individual trades and daily profits earned. This ensures that staking participants are always in the loop. OpenBlock is truly building a formidable company that is here for the long run and has a sustainable business model

OpenBlocks’ first round of Presale is currently underway. Learn more by signing up here.

Media Contact:

Name: Rayne
Location: Cape Town, South Africa
Email: [email protected]

OpenBlock is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

Images courtesy of OpenBlock, iStockPhoto

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 05

Coincheck’s $534M of Stolen NEM Found By Blockchain Forensics Firm

· March 5, 2018 · 11:00 am

BIG Blockchain Intelligence Group has reported that its Forensic and Investigations Division has successfully followed the laundered proceeds from the high-profile Coincheck hack — in which $534 million worth of NEM (XEM) coins were stolen — to an exchange in Vancouver.

Lost & Found

On January 26, 2018, the cryptocurrency world was once again rocked when Japanese exchange Coincheck reported the loss of 526 million XEM coins — worth upwards of $530 million. The theft was the second largest in the history of cryptocurrency.

However, BIG Blockchain Intelligence Group has successfully tracked the proceeds from those stolen digital assets to an exchange in Vancouver, where the funds are being laundered.

BIG plans on delivering the important information to the relevant authorities as soon as possible. According to a press release from the company:

BIG Blockchain Intelligence Group will compile the information gathered from its suite of proprietary technology search and data analytics tools into a comprehensive, official report outlining its forensic findings – for delivery to law enforcement agencies in Canada and the US.

Additionally, BIG’s Director of Forensics and Investigations, Robert Whitaker, stated:

The NEM (XEM coin) has a strong and loyal crypto community that has been affected by this hack. Our corporate mandate at BIG Blockchain Intelligence Group is to provide technology and services that bring cryptocurrency mainstream and create security in the sector, which is why we’re stepping up to help bring transparency and insight to this example of illicit activity.

BIG hopes that the company’s “efficient and effective response to the hack further establishes BIG as the global standard for cryptocurrency search and data analytics.”

Bitcoinist_Global Expansion Coincheck

BIG is a developer of Blockchain technology search and data analytics solutions. It has developed a cryptocurrency agnostic search and analytics engine which helps government agencies and law enforcement officials hunt down cyber criminals in the crypto space. The engine allows for forensic-level tracing, tracking, and transaction monitoring.

Though cryptocurrency has largely been founded around the principles of decentralization and deregulation, forensic-level watchdogs like BIG may help ensure large-scale cryptocurrency heists are a thing of the past.

What do you think about BIG successfully tracking Coincheck’s stolen funds to an exchange in Vancouver? Let us know in the comments below!

Images courtesy of Bitcoinist archives, Wikipedia Commons, Shutterstock

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Bře 03

Chile is Putting Energy Regulation on the Blockchain

· March 3, 2018 · 12:30 pm

In March, the Chilean National Energy Commission is set to adopt blockchain technology – a first for a public entity in the South American country.

Warming up to the Blockchain’s Benefits

Andrés Romero, the executive secretary of the National Energy Commission of Chile, has announced that the country’s regulatory entity will start using blockchain technology in March.

According to PV Magazine, CNE will use the Open Energy platform (Energía Abierta) in order to “certify the quality and certainty of the open data of the national energy sector.” In doing so, CNE will officially become Chile’s first public entity to utilize the inherent benefits of blockchain technology.

The blockchain technology to be used will assist CNE in authenticating “average market prices, marginal costs, fuel prices and the compliance with renewable energy law.”

Warming up to the Blockchain's Benefits

Romero has claimed that blockchain technology will secure CME’s energy data published on the platform, since the blockchain makes it nearly impossible to alter information. Explained the executive secretary:

The National Energy Commission has decided to join this innovative technology and we have decided to use blockchain as a digital notary, which will allow us to certify that the information we provide in the open data portal has not been altered or modified and left unalterable record of its existence.

Additionally, Romero stated:

Public information is an important input for the decision making of investments and energy projects and many of our users use this information to decide technical, economic and labor aspects. That is why, through the use of [blockchain] technology, we will raise the levels of trust of our stakeholders, investors and the general public that consumes the data delivered at www.energiaabieta.cl.

Chile houses Latin America's largest solar market

It is also worth noting that Chile houses Latin America’s largest solar market.

According to PV Magazine, Chile’s total installed solar PV power has reached around 1.829 GW at the end of last year, though the country’s total accumulated power has already surpassed 2 GW — thanks to a pair of newly-connected large-scale solar plants.

Seeing blockchain technology being used to help facilitate the regulation of renewable energy is a sign of the technology’s positive potential in the energy industry. Expect to see more public entities around the world adopt blockchain platforms as the year progresses.

Do you think blockchain technology will soon be adopted by public entities the world over? Let us know in the comments below!

Images courtesy of Pixabay, Shutterstock

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Úno 09

Shark Tank’s Robert Herjavec: ‘Cryptocurrency is the Future’

· February 9, 2018 · 9:30 am

Investor Robert Herjavec of Shark Tank fame is a big proponent of cryptocurrency, predicting that it will eventually replace cash.

One thing you can say about the principals on Shark Tank, it’s that they are pretty bold in going after what they want. Investor and cybersecurity expert Robert Herjavec is also not shy on where he thinks cryptocurrency will go in the future. He recently told MONEY that we’ll see cryptocurrency eventually chase away the concept of fiat.

Shark Tank

Big on Blockchain

One reason why Herjavec is bullish on cryptocurrency’s future is that he’s a big believer in blockchain technology. He says that this new technology is an absolute game-changer that will revolutionize how businesses verify transactions. This viewpoint is shared by his Shark Tank compatriot, Mark Cuban.

Herjavec then goes on to add:

It’s going to have massive benefits for humanity, in all kinds of transactions.

As for virtual currencies, he says:

To me, it’s the wave of the future. Fast forward 25 years from now, there will be some form of a cryptocurrency that we will pay for electronically, and the concept of cash will go away one day.


Crypto Still Too Wild

While his comments above suggest that Robert Herjavec has bought his ticket for the cryptocurrency train and is picking a seat, he’s actually still not fully on board. He thinks virtual currencies are still way too volatile. He notes:

There’s no base for it. When I buy a house and it’s overpriced, I can live in it. There’s some fundamental value. The challenge with cryptocurrency is, it could go to zero. There’s no one exchange that is making them. Exchanges that sell them now can be hacked. We recently saw the largest breach ever — $500 million in 24 hours. If you had bought that exchange, it’s not that you’ve gone down 20% or 40%, you’ve actually gone to zero.

The exchange breach he references is, of course, the recent Coincheck hack. It is understandable for a businessman to be wary of any type of currency that can swing wildly in value from one day to another. Still, the ups and downs of crypto is what makes it so exciting to many people.

As for cryptocurrency replacing fiat in 25 years, that’s probably a bit of a stretch. It’s highly likely that virtual currencies will become as everyday as debit and credit cards are now, but cold, hard cash will probably be sticking around for some time.

Do you agree with Shark Tank’s Robert Herjavec that cash money will vanish in the future, to be replaced with some form of cryptocurrency? Let us know in the comments below.

Images courtesy of Flickr/@Disney | ABC Television Group and Bitcoinist archives.

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Úno 04

Reinventing ICO Research and Reviews with Revain

· February 4, 2018 · 9:00 am

The crypto space is going to get very crowded in the next year or two so finding the right token or ICO to invest in will become more of a challenge.

Big social media platforms do not help much as content is unregulated, unedited, and they are largely populated by trolls and shills. Scams and fake news are rife and the companies that own the platforms even profit from advertising fraudulent websites. What is needed is an unbiased authentic blockchain based feedback platform and Revain could be the answer.

Promoting a blockchain project is going to become increasingly difficult as the crypto space exponentially fills with new tokens and ICOs. Most companies currently thrive on client reviews in promoting their products and some have even taken a step further in offering managed reviews and reputations for other companies. This can lead to bias and fake reviews as the providers need to show positive results to their clients to protect their revenue streams.

Reviews on the Blockchain

By using a blockchain to record reviews removes any possibility of tampering and filtering, it becomes an immutable source of genuine information. If both positive and negative reviews are open for discussion and can be contested more accurate picture of a product or service can be formed. Revain is providing this ecosystem by providing a blockchain based reviews platform powered by the RVN token.

The ICO market is booming but one major drawback it currently suffers is the lack of honest reviews and regulation. There needs to be a reliable mechanism to review a company’s concepts, technology, and token value. Companies need to be able to promote their blockchain products in an unbiased environment away from social media spam, shills and review manipulation.

ICO Dashboard

One method to source solid projects would be to employ an ICO dashboard that can provide potential investors with an overview of the project, an evaluation of the token price, an update on work in progress and milestones achieved on the roadmap. Feedback from team members would also reassure investors that the project is on schedule and developments are being made. Such a system would be hard to find but Revain is currently working on something that will do just that.

The product aims to give investors a more informed decision whether to enter into an ICO or not. From the company’s point of view, it can be a platform to facilitate higher levels of transparency and inspire confidence from potential investors. Revain has been coming along leaps and bounds releasing the first version of the product in November, followed by v0.2 in mid-December then just two weeks later v0.3 was released. And now, just days ago, the release of v0.4 was announced. The platform allows anyone to write a review and there are ‘like’ or ‘dislike’ buttons that, unlike some popular social media platforms, cannot be refuted as they’re on the blockchain.

With version 0.2 of the ICO dashboard came the ability to buy and sell tokens on various exchanges and version 0.3 took things even further, with the addition of new data widgets, charts, price dynamics, and token price movement analytics. The fourth iteration of the dashboard brings a new and more intuitive user interface along with the ability for users to share token statistics and performance data via social media channels.

Revain Dashboard v0.4

Tools to help the investor monitor token dynamics are also being incorporated into the platform such as daily/weekly price and volume which compare prices with the previous day/week. ICO investment date and token price tracking are also available. The dashboard is evolving fast with new functionality being added on a weekly basis, the Revain team is working overtime.

The ability to find and invest in reliable ICOs and blockchain projects is going to be more important than ever this year with so many of them coming online. An incontrovertible blockchain platform of reviews negates any possible partiality within the system and provides both investors and crypto companies with greater opportunity. In the increasingly crowded and often foggy crypto industry, it pays to stand out from the rest with clarity and honesty for both clients and companies.

For more information about Revan please visit revain.org and test drive the new dashboard.

Do you think Revain can help remove a lot of the fraudulent ICOs from the market? How likely are you to use the platform to leave reviews? Let us know in the comments below.

Images courtesy of Revain, 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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Úno 01

No, India Won’t Ban Bitcoin and Will Embrace Blockchain Technology Too

· February 1, 2018 · 8:30 am

The Indian government talks a big talk when putting down Bitcoin and other cryptocurrencies, but such actions has done little to curb their popularity.


In his annual budget speech today, Union Finance Minister Arun Jaitley once again made clear the government’s intention to halt the use of Bitcoin and other cryptocurrencies in India, claiming the South Asian country does not recognize digital currency as legal tender. He states:

The government does not consider cryptocurrencies legal tender or coin, and will take all measures to curb the use of these crypto-assets in financing illegitimate activities or any part of payment systems.

However, Jaitley has said nothing about banning Bitcoin or cryptocurrency trading. In fact, he claims the government will instead encourage blockchain technology in traditional payment systems, illustrating that the Indian government does indeed see the value behind cryptocurrency, if not as legal tender.

A Long History of Doing Little

Bitcoin India

India is one of the largest markets for Bitcoin trading, with roughy 1 out of every 10 transactions worldwide taking place in the South Asian country.

The Indian government, however, has long been negative on cryptocurrencies—once even likening them to Ponzi schemes in a December 2017 press release that said:

Virtual Currencies (VCs) don’t have any intrinsic value and are not backed by any kind of assets. The price of Bitcoin and other VCs, therefore, is entirely a matter of mere speculation resulting in spurt and volatility in their prices. There is a real and heightened risk of investment bubble of the type seen in Ponzi schemes which can result in sudden and prolonged crash exposing investors, especially retail consumers losing their hard-earned money. Consumers need to be alert and extremely cautious as to avoid getting trapped in such Ponzi schemes.

Still, little has been done to actually curb the trading and use of cryptocurrencies in India, outside of official statements.

The Reserve Bank of India claims to have cautioned cryptocurrency investors three times since December 2013, claiming individuals are putting themselves at financial, operational, and legal risks, in addition to compromising their security. Some Indian banks have also provisionally shut down accounts for top Indian exchanges.

Nevertheless, hundreds of thousands of new Indian accounts are added to exchanges every month, and there’s little reason to assume Jaitley’s statement will have a significant effect—at least for now.

What do you think about the Indian government’s tough talk on cryptocurrencies? Do you think its claim to not recognize them as legal tender will have any effect on the market? Let us know in the comments below!

Images courtesy of Bitcoinist archives

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Led 21

Oil Giant Shell Buys into Blockchain

· January 21, 2018 · 6:00 am

Blockchain technology is no longer limited to innovative startups with grand intentions of changing the world. Massive multinationals are also looking to use the technology to improve their operations and boost productivity. The latest in the lineup to get on board the blockchain train is petro corporation Shell.

According to industry portal OilPrice, the energy giant has bought up a minority share in Gartner-listed startup Applied Blockchain. Details of the deal have yet to be disclosed, but the move will enable the London startup to help Shell explore how the technology might be applied to its business.

oil rig

Blockchain into Business

Operating for around three years now, Applied Blockchain has clients from the banking, telecoms, carmaking, manufacturing, and aerospace industries. This its first foray into energy. The technology is slowly entering into the energy sector with, according to Reuters, a consortium involving Shell, BP, and Statoil already working on the development of a blockchain-based energy commodity trading platform.

Shell chief technology officer Johan Krebbers highlighted the huge potential blockchain tech has for business:

Blockchain applications have huge potential to shake up how we do things in the energy industry from streamlining process, to simplifying how we work with our suppliers and serve our customers. Investing in Applied Blockchain is part of our commitment to use digitalisation to create value in our core business and develop new business models.

blockchain tech

Energy and Blockchains

Shell is not the only energy company with eyes on blockchain technology.  Last year, it was reported that trading house Mercuria started working with banks ING and Societe Generale on the first large oil trade based on blockchain technology. According to analysts, the marriage of blockchain and the oil and gas industry presents a number of opportunities for streamlining and improvements in cross-border payments, record management, supply chain management, and smart contracts as potential applications.

Specialists at multinational professional services network Deloitte stated:

A secure system that mitigates risk, increases transparency, provides an audit trail, and speeds up transactions at a significantly reduced cost may be appealing to oil and gas companies.

As the crypto space expands and more companies develop blockchain solutions, the entire industry will benefit from a technology which is revolutionizing the way the world does business.

Will more blockchain adoption help cryptocurrency markets? Share your thoughts in the comments below.

Images courtesy of Pixabay and Bitcoinist archives.

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Pro 29

trade.io – Bringing Innovation to the Financial Sector

· December 29, 2017 · 4:00 am

trade.io has a vision to revolutionize the financial industry, recognizing that in 2008 the world economy nearly collapsed, arguing that it was not due entirely to recklessness and a lack of transparency, but also because the financial sector had failed to keep up with innovation.

The team behind trade.io sees that little has changed since 2008, nor have lessons been learned. Investors are at the mercy of high fees and low liquidity and, with transparency still lacking, even third-party verification suffers from conflicts of interest. trade.io aims to disrupt the current financial establishment and lead it forwards with honest and fair trading, conducted and recorded on the secure and transparent blockchain.

trade.io’s one-of-a-kind trading and financing platform goes beyond cryptocurrency assets, also offering Forex and CFDs over precious metals, oil, commodities, indices, and global equities. At launch, they plan to feature more than 120 products on their platform.

The Trade Token and ICO

In order to facilitate a new trading platform, trade.io will introduce the Trade Token (TIO), a utility token that enables transactions of a wide range of assets, which also acts as a medium of exchange and as a store of value.

One of the main benefits that trade.io will be offering investors is access to what they are calling the liquidity pool, where owners will be given the opportunity to contribute an amount of their stored assets to a P2P liquidity pool. From this pool, 50% of the daily revenue generated by trade.io will be paid to owners in the pool although a minimum of 2500 Trade Tokens will be required to qualify for this benefit.

Trade.io will be issuing 500 million Trade Tokens, of which approximately two thirds will be made available for the crowdsale. Their ICO will run from the December 7th until the 4th of January 2018, and any unsold tokens will be destroyed at the end of the crowdsale.

Allocation of the tokens will be in the following areas;

  • 23% for acquisitions and IP’s,
  • 20% for licenses,
  • 20% for operations,
  • 18% for the liquidity pool,
  • 7% for development,
  • 9% for seed and venture fund,
  • 3% reserved for legal, audits and advisory purposes.

trade.io has completed their pre-ICO successfully, raising over $11.3M from over 4,000 participants.  According to icoscanner.io, trade.io is currently the 5th most successful ICO in Ethereum contributions.

trade.io’s Experience and Partnerships

trade.io’s team have over 20 years of experience in trading, investment banking, compliance and risk management. They have formed strategic partnerships with a number of companies in the cryptocurrency and blockchain spaces, including:

  • Civic, whose technology will be used for identification and verification purposes;
  • MODULAR, whose new Biosym framework decreases ICO processes by 85% on the Ethereum Network;
  • HitBTC, the London based exchange has agreed to accept trade.io Trade Tokens. trade.io will announce shortly when the Trade Token (TIO) will start trading. TIO will have trading pairs with Bitcoin and Ethereum;
  • Bancor, whose protocol will allow trade.io users to convert Trade Tokens (TIO) to any other ERC20 token.

Paul Clarkson, CPO of HitBTC had the following to say:

“It’s no secret that HitBTC is extremely selective in the tokens & coins we list, we have strict criteria and require an extensive amount of due diligence prior to extending an offer. trade.io has proven to be a trusted partner and we are pleased to list TIO, and start a long-term relationship.”

As well as partnering with other high profile and innovative companies, trade.io also purchased the US regulated broker-dealer (BD) in an effort to focus on US regulatory compliance.

William Heyn, trade.io’s VP of Capital Markets, explained:

Being able to conduct trade.io’s business in the United States in a regulatory compliant manner is critical.  The broker/dealer will afford us with tremendous opportunities and unlock many sources of revenue potential.

One of the newest partnerships forged by trade.io is that with Bancor. By integrating the Bancor protocol with their own platform, trade.io users will be able to convert their TIO tokens to any other ERC20 token in the Bancor network at an automatically calculated price. Of the new partnership, trade.io CEO Jim Preissler commented:

We continue to deliver to the trade.io community unique value-added propositions, and see this relationship with Bancor as a further example. We already have generated a large demand for our community and it’s only logical to provide a simple way to convert tokens.

Investment in Education and the Future of Blockchain

Investment in Education and the Future of Blockchain

trade.io recently announced that they had funded two post-doctoral seats at the University of Nicosia with a specific focus on advanced research into Distributed Ledger Technology. Research will help develop and implement future updates regarding side-chains and cross-chain interoperability, as well as smart token corporate governance in an effort to develop best practices and implementations.

Preissler spoke with Bitcoinist about the company’s educational support at the University of Nicosia:

This is a major development for us, it provides trade.io with access to some of the brightest and most innovative minds in blockchain and digital currency.  The University of Nicosia has embraced blockchain technology since 2013, they were the first university in the world to offer coursework and an accredited academic degree program in this field (MSc in Digital Currency) and are considered a global leader in academia in this area.

To learn more about trade.io please visit the company website. You can also download the project white paper and register for the upcoming ICO.

How will trade.io change how people invest not just in digital assets but in traditional assets as well? Let us know your thoughts in the comments below.

Images and media courtesy of University of Nicosia, trade.io

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.