Bře 15

This Controversial Project Could Make A Lot Of People Very Happy Soon

· March 15, 2018 · 2:00 pm

This year has been off to a shaky start. While 2017 was a record year, 2018 has barely lived up to its hype thus far. It’s not entirely hard to see why: one can simply look at the overall market charts for 2017 and see the extreme parabolic run, which eventually had to come to an end.

Bitcoin prices 2017

Much of the price appreciation is being attributed to premiums and arbitrages across different exchanges in different geographies. For example, the “kimchi Premium”, that was realized on cryptocurrency prices on exchanges in South Korea during the greater portion of 2017, which helped to cause excitement and bring more buys to different coins at different times. The arbitrage opportunities also created new volume and helped bring the price appreciations to stable levels and thus reality.

In traditional currency and asset exchanges, this doesn’t happen very much. As assets and currencies aren’t as intertwined globally. Or when they are, as in the case of ForEx, the trading fluctuations aren’t as vast or easily definable by normal people, and many opportunities go overlooked or are passed up by the majority of global investors or speculators. The ease of access and liquidity of cryptocurrency exchanges is revolutionizing free trade of currencies and assets. One project to take it a step further is OptiToken.io. OptiToken is arguing that the economics available currently in cryptocurrency and tokenization are revolutionary, and render traditional currency exchange and transfer mechanisms archaic.

By using three key features, OptiToken seeks to disrupt traditional currency by using Ethereum as a superior transfer protocol.

OptiToken performance vs. Bitcoin

Feature One: Algorithmic Trading

In a given basket of solid and established cryptocurrencies, one can typically find a series of price swings. Cryptocurrency is still in its infancy, it’s liquidity and 24-hour clock makes for constant peaks and valleys. If you study a given set of coins, those with consistent development and a hard-working community, you will find that there are swings which can produce regular opportunities to “squeeze profits” if traded properly. Think whack-a-mole, the idea is to sell on these peaks, not chase the mob and buy when a coin starts moving. Scalping and swing trading is quite common and for good reason.

A lot of traders make plenty of extra money on top of their standard core portfolio without needing to necessarily sell what they have to do so. In certain geo’s this type of operation could be problematic, but not for OptiToken who is a Cayman Island Exempt Corporation, meaning there’s literally $0 tax owed on these otherwise taxable trades in and out of positions. Tax liability and the lack of ability to implement strategies like 1031 like-kind exchanges to off-set these taxable events often cause people to realize the most optimal strategy by simply holding long-term meaning many opportunities must go to waste.

Feature Two: Strategic Buy Pressure

The nature of trades for OptiToken theoretically allows an opportunity to consistently close or exchange positions and account gains. When profitable events occur, the profit is immediately split into 2 parts. 84% is reinvested in the portfolio, while 16% is converted to BTC or ETH and used as direct buy pressure to purchase $OPTI on any exchange it is listed on. Their team recently blogged that, “they won’t entertain sketchy exchanges, they can list us if they want but they shouldn’t expect us to perform operations on their exchange necessarily.” So what exchanges to use? Exchange(s) with strong security, transparent management, and accounting and with sufficient user base. The team says, “exchanges will be openly announced upfront before the fact of course.”

Feature 3: Strategic Scarcity

This part of the operation can best be compared to a stock buy-back, or, for currencies, a stark rise in interest rates. This operation is price positive, except Opti offers an extra benefit. Instead of just keeping the bought tokens, they will all be sent to a publicly viewable unspendable address and destroyed. Also known sometimes as “blackhole addresses” this is a provably unspendable address utilized solely for burning tokens. Another benefit of cryptocurrency is that these “black hole addresses” are viewable on block explorers, adding a further element of public accounting transparency.

This is a first, it’s possible the project could hit road bumps. It’s also possible it could be responsible for the largest case of FOMO ever, upon opening. There’s no way to know as of now and we’ll just have to wait and see. I know for me I have my popcorn ready. The project is closed to residents of the U.S., China and Cayman Islands, but all other interested people can learn more here or register for their ICO starting April 1st at OptiToken.io or on Telegram.

Will algorithmic trading and a “hyper-deflationary cryptocurrency” like OptiToken lower the barrier of entry into crypto trading for newcomers? Let us know what you think in the comments below.

Images courtesy of CoinMarketCap, OptiToken, 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 14

DADI ICO Investors Become Targets of Phishing Scams Amid Reports of Data Leak

· March 14, 2018 · 1:30 pm

In January of this year, DADI launched an ICO that required investors to undergo KYC (Know Your Customer) verification in order participate in the token sale. Investors were asked to provide personal information (full name, address, DOB, etc…) as well as upload a copy of their photo ID. According to recent reports, nearly all that personal data has been leaked and is now been used by scammers to try and steal people’s coins.

Users Voicing Complaints Censored

Over the past few days, DADI token sale investors have taken to Reddit, Telegram, and Twitter offering up reports of a coordinated phishing attack against those who signed up through DADI’s KYC customer process. The blockchain start-up was the victim of a data leak where user credentials such as names and email addresses were stolen by a team of hackers for use in this attack. In a disturbing turn, the DADI team appears to be silencing any reports of this attack on their social media channels, primarily their subreddit. DADI has publicly denounced the claims, saying any phishing attempt was from a hack on a “third party email marketing vendor” back in January.

Multiple emails from [email protected] found their way into user’s inboxes, attempting to resemble the official [email protected] email. Fake links to popular cryptocurrency websites were included, trying to get people to give up their private keys or passwords and steal their funds. Like the Binance phishing attack that happened earlier this year, the hackers used “punycode” techniques to create the fake internet addresses. Punycode allows for characters with a small dot underneath, the dot usually hidden by the underline many addresses have by default.

But Wait…There’s More!

This isn’t the first time DADI has been in the news for possible wrongdoing. Also in January of this year, the team was called out for plagiarizing huge portions of their whitepaper from other projects, most notably their competitor SONM. DADI responded to this allegation by stating that it was a mistake, and someone forgot to delete the portions from the whitepaper before it was released.

DADI phishing attack

Another blockchain based project and Airbnb competitor Bee Token was hit with a similar phishing attack last month. As more and more money moves into the crypto-currency space, scammers will continuously ramp up their efforts to defraud people of their hard-earned Bitcoins.

Were you involved with the DADI hack? What do you think about user security among scammy ICOs? Let us know in the comments below!

Images courtesy of Shutterstock, Pexels

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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 07

SEC Chairman: ‘Abide by the Law. We are Watching.’

· March 7, 2018 · 12:30 pm

Securities and Exchange Commission (SEC) Chairman Jay Clayton went on FOX Business yesterday to inject some fear into investors — particularly those interested in Initial Coin Offerings (ICOs).

‘We Are Watching’

SEC Chairman Jay Clayton has issued a serious threat to the cryptocurrency space and, in particular, to ICOs.

Clayton — who was nominated by President Donald Trump — initially claims he’s just got investors’ best interests at heart, telling FOX Business:

I worry in particular about people who see things that look like a New York Stock Exchange or NASDAQ listing for ICOs or cryptocurrencies and think that I’m getting the same protection for my token that I would be getting for a share of stock that trades on an exchange. They’re not.

Now that you know Clayton’s got your back, you can also rest assured that he and the SEC are investigating whether or not ICOs are violating securities laws. He told FOX Business:

Many ICOs and many of the ones I’ve looked at specifically are securities. … For some reason, people selling ICOs seem to think they don’t need to follow either path; they seem to think they can have the best of both worlds: a limited disclosure from a private placement and public trading and public offering of the token.


Unsurprisingly, Clayton’s concerns rest primarily with how ICOs raise their capital. He explained:

We have seen instances where companies seem to have had trouble raising money in a traditional private placement and then have switched to an ICO in order to raise the money. The business hasn’t changed substantively, but it’s a form-over-substance way to raise money. That is troubling.

Nevertheless, Clayton knows a war against cryptocurrency will ultimately not work in anybody’s interest — particularly his. Thus, he pretends he wants to open a constructive dialogue, while at the same time sending a threatening message:

It’s important to understand that the fundamentals of our securities laws do apply in this space. It’s a technology with great promise. … It’s a technology that I really think is pretty cool and can change the way people do business at a great deal of efficiency, but it doesn’t mean that you can obviate our tried-and-true approach to the federal securities laws.”

Clayton’s entire discussion can ultimately be summed up in three authoritarian sentences:

Abide by the law. We are watching. Others are watching.

What do you think of Clayton’s warning? Do you think ICOs should be more careful with how they raise funds? Let us know in the comments below!

Images courtesy of Bitcoinist archives.

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Úno 23

Get Rid of Your Passwords – REMME Announces Alpha Release of its Distributed Public Key Infrastructure (PKId) Protocol

· February 23, 2018 · 11:00 am

Ukrainian company REMME has recently released the alpha build of its REMME Core 0.1.0 protocol, which hopes to eliminate human error in the cybersecurity domain by getting rid of passwords entirely.

Password management is no joke. Despite the ever-expanding advances made in cryptography over the years, poor password discipline remains the greatest weakness to modern computer systems. Besides phishing attacks and easily guessable passwords, users have even been shown to give up their passwords for a bar of chocolate.

Even the mightiest cybersecurity systems have been brought to their knees by a single weak password. Case in point: Equifax notoriously lost the Social Security numbers of 143 million Americans in September last year for simply using the embarrassingly default password combo of ‘admin/admin’ in one of their online employee portals.

And yet, humans are getting no better at protecting their own credentials. Considering the average person can now be expected to maintain at least dozens of accounts spread across social media, chat apps, gaming platforms, email, and even work accounts, it’s little wonder that over 80% of people reuse their passwords. The most readily-available fix is to implement a password manager, though studies show that very few people actually use them.

Making the Password Obsolete

Making the Password Obsolete

The long-term solution? Bypass the password entirely.

That is what the REMME project is hoping to achieve with the recent alpha release of their Access Management solution. A Ukrainian company started in 2015, REMME intends to make passwords obsolete by migrating the authentication process on to the blockchain, thereby eliminating human error from the equation. This is being done using their distributed REMME Public Key Infrastructure protocol (PKId) along with a set of Access Management DApps built on top of it.

REMME’s Core 0.1.0 Alpha release currently offers developers access to the core functionality of the protocol, which includes access to the architecture and high-level logic of working with SSL/TLS certificates. It comes with a command-line interface (CLI) for developer’s seeking quick access to the protocol’s central features, such as issuing and revoking certificates and transferring REM tokens between users. The basic elements of working with the company’s REM token have also been integrated.

The protocol’s release comes hard on the heels of the company’s REM token public ICO on February 13th, which raised 19,343 ETH. The token sale has already reached its hard cap of $20 million USD  and tokens are currently locked until February 25th at 14:00 UTC.  The project has already come to the attention of several companies including Ukrinmash, a part of the State Concern Ukroboronprom, a large, state enterprise tasked with managing Ukraine’s military-industrial complex.

REMME’s efforts earned it recognition at the Microsoft Blockchain Intensive held by Microsoft Ukraine in June 2017. The team won first place at the event’s blockchain-themed hackathon, where they used REMME authentication technology, IPFS protocol, and the Ethereum blockchain to build a traffic collision awareness and reporting system. As a result, they made off with a $10,000 project grant, an invitation to the VivaTechnology conference in Paris, and a business, legal, and marketing consulting contract from Ernst & Young Global Limited, a professional services company based in London.

The project began in 2015 following a series of cyber attacks which rocked several large Ukrainian companies. By early 2016, the first closed beta version of the product was released on the Emercoin blockchain. This was followed by a second version on top of the Bitcoin blockchain in 2017.

The team’s next goal is to develop inter-blockchain token migration for the protocol’s next release. This will allow the REM token, which is currently released on the Ethereum platform, to be used on their custom REMME blockchain. Public testing is slated to begin later this year, with a public release set before the end of the year.

Are we entering a new age of cybersecurity? Will REMME finally get rid of the terrible password practices that have come to define most major data breaches? Let us know in the comments below!

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 14

Sp8de: The First Blockchain-Based Casino ICO with Jackpot Rounds

· February 14, 2018 · 10:30 am

Have you ever walked into a casino, only to walk out frustrated, feeling that you got cheated? Have you ever wanted to gamble at the convenience of your own home, without having to interact with people? Sp8de might be the answer for you.

Sp8de – Casino on Cardano

Similar to many new ICOs and blockchain projects, Sp8de aims to utilize the power of blockchain and cryptocurrency to revolutionize a specific market; in this case, casinos and gambling. However, unlike many other ICOs, Sp8de isn’t based on Ethereum. Instead, it will be based on Cardano, which, at time of writing, is the 5th largest cryptocurrency by market cap.

According to Sp8de, Cardano was chosen over other proof-of-work cryptocurrencies (e.g. Bitcoin or Ethereum) because they believe that POW coins cannot scale transaction-wise. For them, proof-of-stake is a much better option.

Ouroboros, the underlying proof-of-stake protocol beneath the Cardano blockchain, relies on generating unbiased entropy. This is extremely useful for projects like Sp8de – gambling platforms can use these randomly-generated numbers to ensure that their games are provably fair.

Sp8de is a protocol and a blockchain-based platform with features that are tailored for the growing blockchain gambling industry. Sp8de will be built on top of Ouroboros, which will equip it with the ability to generate fresh unbiased randomness for casino games. The transparent nature of the blockchain will also allow it to provide provably fair and completely decentralized games.

Initial Coin Offering – with Jackpots!

Sp8de has just concluded its presale last week, on February 8th. The ICO is divided into five stages: the pre-sale and four sale rounds, with each round having a different number of tokens available, different price per token, different likelihood of winning the lot that each token brings to its owner, and the number of lots reserved for participants.

Sp8de ICO Jackpots

Every Jackpot is essentially an airdrop of tokens. Every token sold during a sale preceding a jackpot will have a chance of winning a jackpot during the subsequent jackpot phases. This means that early participants will have a chance to win in multiple jackpot rounds. Participants of the 4th sale phase will only get one shot at winning the last jackpot.

Each jackpot will consist of a large sum of SPX tokens that will be awarded to a winner. Each jackpot phase will have multiple lots of prizes:

  • Jackpot I: 10 Jackpots each of 28,888,888.80 SPX. A total of 288,888,888 SPX on February 15, 2018, 9:00 AM UTC
  • Jackpot II: 28 Jackpots each of 13,888,888.86 SPX. A total of 388,888,888 SPX on February 23, 2018, 9:00 AM UTC
  • Jackpot III: 100 Jackpots each of 8,888,888.88 SPX. A total of 888,888,888 SPX on March 3, 2018, 9:00 AM UTC
  • Jackpot IV: 888 Jackpots each of 2,127,127.13 SPX. A total of 1,888,888,888 SPX on March 11, 2018, 9:00 AM UTC

To ensure that everybody gets the same shot at winning and no one is luckier than others, tokens won from a jackpot will not increase one’s chances of winning in a subsequent round.

Sp8de ICO and Jackpot Rounds

Not all tokens are created equal – tokens sold in the same phase can have different multipliers attached to its probability of winning the jackpot. A more detailed mathematical explanation is available in the Sp8de Whitepaper. Unsold tokens will be partially allocated to the jackpots and to the Sp8de Foundation, which will use them for further development and promotion of the project.

For more information about Sp8de, please visit sp8de.com.

What are your thoughts on Sp8de’s platform and unique ICO? Is Cardano a better blockchain choice than Ethereum? Let us know what you think in the comments below.

Images courtesy of Sp8de

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 06

FUD Storm Continues as China Steps Up Pressure Against Cryptocurrencies

· February 6, 2018 · 9:00 am

Following false fears of a Bitcoin ban in India, the FUD storm continues as China looks to completely eradicate cryptocurrency trading—but can they succeed?

Chinese FUD Strikes Again

It’s been a rough month for Bitcoin and the cryptocurrency market. The price of the dominant cryptocurrency has dropped below $8,000, and many altcoins have suffered even more significant losses, following a seemingly endless flood of FUD (Fear, Uncertainty, and Doubt) from mainstream media outlets.

Now, it appears the FUD of the day is that China, already notoriously unfriendly towards cryptocurrency, is ready to block all access to cryptocurrency trading websites and initial coin offerings (ICOs) by utilizing its notorious Great Firewall of China.


The troublesome story comes primarily from Financial News, a publication affiliated with the People’s Bank of China (PBOC), which is quoted as stating:

To prevent financial risks, China will step up measures to remove any onshore or offshore platforms related to virtual currency trading or ICOs.

Since then, advertisements for cryptocurrencies have reportedly stopped appearing on both Baidu and Weibo—China’s largest search engine and social media platform, respectively.

Scaling the Wall

Though China continues to be an enemy of cryptocurrency, it remains to be seen whether or not their increased measures have a greater effect than their already-instituted domestic ban.

According to the South China Morning Post, the PBOC-affiliated article admitted that recent attempts to eradicate digital currencies by shutting down domestic exchanges haven’t worked as well as planned, quoting:

ICOs and virtual currency trading did not completely withdraw from China following the official ban … after the closure of the domestic virtual currency exchanges, many people turned to overseas platforms to continue participating in virtual currency transactions. Overseas transactions and regulatory evasion have resumed.

The Financial News’ article also spins the planned ban as being for the protection of the country’s citizens, stating:

Risks are still there, fuelled by illegal issuance, and even fraud and pyramid selling.

China has already banned ICOs and domestic cryptocurrency exchanges, but many eager investors inside the country have found workarounds. According to Donald Zhao, a Bitcoin trader who moved to Tokyo following China’s domestic ban, China’s new regulations might succeed in making it even harder for individuals to circumvent the law:

It is common for people to use VPNs [virtual private networks] to trade cryptocurrencies, as many exchange platforms relocated to Japan or Singapore … I think the new move literally means it would be even harder to circumvent the ban in China … people promoting related business programmes may be arrested.

Still, where there’s a will, there’s a way, and people who really want to trade cryptocurrencies will likely figure out how to do so in secret.


Though stricter regulations in China aren’t going to help the market recover any faster, it’s worth mentioning that other countries are set to benefit. According to Cathay Capital’s Ace Yang:

It’s positive news for Japan and Singapore, because demand for participating in trading is not diminishing and traders have got to go somewhere.

What do you think about China’s claim to increase measures against cryptocurrency trading? Do you think it will have any long-term effects, or is it just another case of FUD? Let us know in the comments below!

Images courtesy of Shutterstock, 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.