Kvě 24

From Russia with Love: How Cryptocurrency and Blockchain are Finding Their Feet

· May 23, 2018 · 9:00 pm

In the West, crypto markets continue to battle with the regulatory uncertainty as the SEC and other regulatory bodies take their time to decide which camp they sit on. At the same time, things are not much rosier in the East either where China is yet to warm up to cryptocurrencies.

Blockchain has been around “long” enough to show the proof of concept in that by utilizing blockchain it is possible to streamline a number of processes, both on the governmental and also corporate levels. This then has prompted an exponential rise in fintech start-ups looking to challenge the status quo and disrupt the standard ways of storing, organizing, and extracting data sets. However, the actual implementation of blockchain technologies across much of Western Europe and even the US has been constrained by the regulatory uncertainty.

On the one hand, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are yet to put a fundamental framework forward to appease concerns surrounding utility vs security token model. While in Europe, an introduction of General Data Protection Regulation (GDPR), which is perfectly suitable for blockchain applications, is being rushed through by compliance and HR departments with such haste that blockchain is far away on their radar.

In Blockchain We Trust

In Blockchain We Trust

Russia is an interesting case when it comes to the world of ICOs. On the one hand, it is a great place to source technical experts for your blockchain related ventures. The price tag might be astronomical but at least you know what you are getting for the labor and that is quality, reliability and of course security. So, with one piece of the puzzle sorted comes the tricky bit, finding a suitable business partner and this is where things go wrong… really wrong.

One of the most depressing and worrying statistics that has come out of the Russian Association of Cryptocurrencies and Blockchain (RACIB) is that around half of the ICO funds in the country that were raised in the past year – amounting to $300 million – have gone to pyramid schemes.

Economic and political uncertainty, together with numerous corruption scandals has really dented investor appetite for projects in the country. It is very much high-risk, high-reward based game when it comes to investing in Russia and when combined with the volatile nature of the currency, this perception is unlikely to change anytime soon. The regulation and oversight by the government can help alleviate some of the concerns relating to fraudulent activities but at least for now, the crypto community is yet to “sanction” Russian projects altogether.

In the meantime, the likes of Blackmoon (BMC) will remind budding entrepreneurs and investors of the success stories and there is, of course, hope that the government, which is actively looking at ways to promote and integrate digital economy, will not be overly involved in regulation aspect.

On the subject of regulation, it was reported that the Russian State Duma’s Committee for Legislative Work will support the first reading of an initiative that will add the basic norms of digital economy to the Russian Federation Civil Code. The initiative itself does not mean that digital currencies will now become a legitimate means of payment and instead, a separate law developed by other regulatory bodies, will outline conditions for using digital currencies as a payment method. The initiative will also look to treat a digital confirmation by a user in a smart contract is equal to his written consent.

What Does Russia’s Future Hold?

Over the course of 19-20 May 2018, Moscow hosted one of the largest cryptocurrency summits of 2018, with over 200 speakers and over 3000 participants taking part in the event. While the event may not carry the same weight as Consensus, which took place earlier this month, or d10e, it was an important event for the country that stands at a crossroads with the technology. The decisions that will be made by the government need to be made in the spirit of blockchain and with the aim to further technological, as well as economical, advancement as opposed to being the means to destabilize the Dollar.

The commissioning of the crypto-rouble is not far-reaching enough. Anyone looking for inspiration should turn to Dubai and their smart-city plans. According to Smart Dubai, which is conducting government and private organization workshops to identify areas that will benefit from the overhaul, the strategy could save 25.1million man hours, equivalent to $1.5 billion in savings per year for the emirate. It has been noted that the fast majority of improved efficiency will come from moving to paperless government.

What do you think of the latest developments in Russia and can it reform and lead the way in providing a sound base for crypto projects? 

Images courtesy of Wikimedia Commons, Shutterstock

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Dub 24

Can Buyouts Help Solve the Cryptocurrency Marketplace’s Clutter?

· April 24, 2018 · 5:00 pm

As is the case in traditional business, the cryptocurrency marketplace is a dog-eat-dog competition where only the strong survive. Unfortunately, this creates hundreds of failed projects and millions of dollars in lost value. Can buyouts help transfer that value back into Bitcoin and other major market players?

The Benefits of Buyouts

Not every start-up business can find the success it needs to stay afloat, and even well-established companies go bankrupt. When this happens, buyouts from other companies may help salvage remaining assets for future use and provide many benefits. The same applies to the cryptocurrency space, as well.

For starters, sometimes a company has begun development on a very promising new product or piece of technology, only to have it languish away as the team dwindles and the well runs dry. If a larger business comes in and incorporates the new product or technology into its existing business model, both parties benefit — as does the consumer.

Likewise, some cryptocurrency projects have interesting ideas, but internal issues or a lack of funding prevents its dream from coming to fruition. If another blockchain company could buy out the failed project, the benefits would not be lost to the jungle that is the cryptocurrency marketplace.

Another advantage is the reduction of competition in a space which is supersaturated with the same ideas — and nowhere is this more prevalent than in the cryptocurrency space, where literally thousands of companies are vying for dominance in the same handful of categories. In this case, having a smaller company get bought out by a larger company provides the latter with advantages due to economies of scale, while nullifying the need for a price war and allowing more time and effort to go towards expansion.

Furthermore, successful buyouts do away with duplicate products and businesses offering essentially the same service — effectively cleaning up the clutter. Again, the cryptocurrency marketplace today is the very definition of clutter, especially once one ventures outside the 50 largest projects by market capitalization. Buyouts in cluttered environments, in turn, work to increase profits, as the dominant company is able to offer their products at better price points.

Can Buyouts Work in Crypto?

Buyouts aren’t really a thing in the cryptocurrency space — until now.

One company, in particular, is looking to clean up the clutter and revolutionize the way business is done in the blockchain marketplace. Called CoinJanitor, the project purportedly aims to reduce cryptocurrency market dilution and restore lost value to broader cryptocurrency economy by buying out dead coin holders, community members, and creators.

In essence, CoinJanitor offers everyone involved in a failed project the opportunity to join a successful project with a network effect that the projects they created or supported failed to achieve by implementing a subsequent systematic burn of the coins being bought out.

With a CoinJanitor buyout, everyone wins. Users receive the chance to get value back from the failed coins that can no longer be sold while joining a growing community. Project creators get the chance to help lead a newly created community and put their failed efforts to good use, while the cryptocurrency market as a whole benefits from both an effective culling and the transfer of otherwise-lost value into Bitcoin and other viable cryptocurrencies.

To learn more about CoinJanitor or participate in the upcoming ICO, check out the project’s official website here.

What do you think of buyouts in the cryptocurrency space? Do you think CoinJanitor can help clean up the mess that is the blockchain market? Let us know in the comments below!

Images courtesy of CoinJanitor, AdobeStock

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Dub 21

Blockchain Meets Movie Industry as White Rabbit Teams Up with Production Company K5

· April 21, 2018 · 5:00 pm

Blockchain start-up White Rabbit, developers of a browser plugin that allows users to legally stream movies and television series from any open streaming service, has announced a strategic partnership with K5 International, a subdivision of K5 Media Group, a renowned media production company that has produced Oscar-nominated films.

Financial details of the partnership, which was announced in Variety and The Hollywood Reporter, where not disclosed, however, the deal conditions suggest that K5 will grant White Rabbit users access to its library of 50-plus movies while the company’s co-founder Daniel Baur will join White Rabbit’s advisory board. Further details of the details, however, remain undisclosed.

White Rabbit is developing a browser plugin that will recognize any type of streaming content and offer the viewer a chance to directly pay to the copyright holders of said content via secure blockchain infrastructure using the platform’s native WRT tokens. All purchased content will remain available to the user in the Rabbit Hole – the content library – regardless of the viewer’s geographic location.

The tokens themselves will be available for sale during a whitelisting event later this year.

Commenting on the deal, co-founder and CEO of White Rabbit Alan R. Milligan stated:

Such deals show that the conservative cinema industry is becoming interested in innovative technological solutions and that our WRT token will have a very decent real-life application.

Milligan is a renowned filmmaker whose filmography includes award-winning motion picture Letter to the King.

Baur also noted:

I have been actively searching the blockchain space for over a year, looking for companies that can have a massive impact on the film industry. With White Rabbit, I saw a product that properly integrates blockchain and embraces the existing entertainment industry and fans in a unique way.

K5’s portfolio includes films directed by such renowned filmmakers as Andrew Niccol and Tom McCarthy.

Aside from that, White Rabbit has also announced that three specialists from one of Europe’s biggest blockchain companies Blockchangers will join the team. Jonas Therkelson will step in as CTO, Jon Ramvi as lead blockchain developer, and Robin Pedersen as full stack developer.

Milligan remarked:

We are incredibly excited to have K5, Daniel Baur and the Blockchangers team support our mission to ensure a legal, innovative P2P streaming market, offering fans the choice and access they deserve and the industry a transparent and instant monetization model for rights holders, film investors and talent.

White Rabbit was first announced in October 2017. The project is currently being developed with the MVP (minimum viable product) expected to be released in the second quarter of 2018.

Currently, the project holds a $1 million budget partnership program which offers up to $100,000 to any video service that joins White Rabbit.

What do you think of White Rabbit’s new partnership with K5? Let us know in the comments below.

Images courtesy of White Rabbit

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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Dub 19

GIFcoin Moon-Bound as Stage Three of Their Token Sale Sells Out

· April 19, 2018 · 5:30 pm

GIFcoin continues to sell out at each stage of their ICO, proving that the public is more than ready to be a part of their profit-sharing revolution.

There’s no denying that online gambling has a strong allure. Having the chance to earn some money from the comfort of your couch? Who would say no to that? It’s also a great way to relax, which is part of the reason that it’s a billion-dollar industry.  In fact, it made over $500 billion in revenue last year, making it one of the top three digital businesses out there.

Finding a platform that wants you to be an active part of this wealth may sound too good to be true, but this is exactly what GIFcoin is hoping to achieve with their innovative profit-sharing business model. Haven’t heard of GIFcoin yet? Well, read on and find out why you should be a part of the platform described by investors as having “the most transparent ICO for 2018”.

Now is the Time to Invest

If you know anything about the crypto industry, you are aware that the markets have been looking a bit red lately. Even so, GIFcoin is performing exceptionally well. They sold out at their private sale, as well as at all three previous stages of their public sale.  There are still some tokens available in the fourth stage, which is currently underway. In addition, investors can look forward to a 20% bonus during this phase.

The bearish market is a great time to invest in GIF tokens as you can use your fiat to buy ETH at a lower price. Just one ETH will get you 10,000 GIF tokens and, if you invest now, that attractive 20% bonus as well!

How Can GIFcoin Make you Money?

ICOs are a booming business, and most platforms are claiming to be revolutionary and trailblazing. However, most of them are not backed by a working and already profitable business like GIFcoin is.

The Gambling Investment Fund (GIF) is backed by VitalBet, a well-established platform boasting over 20,000 active members in 20 countries. They also made more than $3 million in profits during last year. The goal of the GIFcoin ICO is to raise capital to further develop and upgrade this already lucrative platform.

GIF token holders will be able to profit from their potentially value-growing tokens. In addition, as token holders, they will be able to enjoy profit-sharing benefits. They will be liable to receive their share of 80% of VitalBet’s annual net profits. This generosity stems from the platform’s desire to foster long-term mutual growth between themselves and their valued members.

Be a Part of the GIFcoin Revolution

Be a Part of the GIFcoin Revolution

All of the ICO’s previous stages have been phenomenal successes. With a total token distribution of 300,000,000, the platform is well on its way to selling completely out:

  • Private Sale – 10,000,000 GIF – SOLD OUT
  • Stage 1 – 6,400,000 GIF – SOLD OUT
  • Stage 2 – 7,000,000 GIF – SOLD OUT
  • Stage 3 – 7,800,000 GIF – SOLD OUT
  • Stage 4 – 8,400,000 GIF with a 20% Bonus
  • Stage 5 – 92,400,000 GIF with a 15% Bonus
  • Stage 6 – 77,000,000 GIF with a 10% Bonus
  • Stage 7 – 61,000,000 GIF with NO Bonus

Even though interested investors may have missed out on some juicy bonuses, there’s still hope! Contributors can purchase tokens in BTC, ETH, and LTC. Stages one to five also have a minimum purchase requirement which is 0.5 ETH, 0.05 BTC, and 2 LTC.

Transparency is Key

The GIFcoin team knows that being transparent goes a long way in securing investor trust. This is why they run regular live streams and constantly ask their investors for feedback. In addition, they are already working on the next steps of the roadmap even before the ICO has come to an end.

If you’d like to find out a bit more about GIFcoin and their plans for the future, have a look at their whitepaper or litepaper. You can also register to invest, and follow GIFcoin on Telegram.

Do you think that GIFcoin will continue this sold-out trend in all of the remaining ICO stages? Let us know in the comments below!

Images courtesy of Shutterstock, GIFcoin

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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Dub 11

Is CoinJanitor an ICO or a Community Project?

· April 11, 2018 · 3:30 pm

With more than 4,500 cryptocurrencies currently in circulation, many are bound to be functionally dead. This poses insurmountable challenges for users of such currencies, who are holding coins and tokens that cannot be used or traded. CoinJanitor – a community-driven project with high hopes of restoring the lost value for these users – has a solution that will benefit both dead coin holders and supporters across the space.

What is CoinJanitor Anyway?

CoinJanitor is a community-driven project which attempts to unlock the inaccessible value of so-called ‘dead coins’. While there is no commonly accepted definition for what a dead coin is, significant value remains trapped in projects which are not functioning, are not being maintained, or have a zero hash rate, producing no blocks in a couple of years, for example.

The plan is to generate a convertible asset that users who are in possession of failed cryptocurrencies can obtain in exchange for their ‘dead coins’. This would be the first and only asset in the market that was designed for the sole purpose of buying dead coins out.

The asset in question is the CoinJanitor (JAN) token. By exchanging dead coins for JAN tokens, users will be able to restore value previously locked within the blockchain. JAN tokens will be traded on several crypto exchanges and users will be able to obtain other crypto assets or fiat in exchange for them. This plays a central role to the project itself since it prevents dead coins from gaining any kind of liquidity in the open markets.

Consolidating dead coin communities under the umbrella of CoinJanitor will allow the project to take its very first step towards sanitizing the entire crypto economy while creating a network effect. Naturally, the next step will be to effectively eliminate all the coins which were exchanged for JAN tokens and deliver a proven, actionable mechanism for ‘coin recycling’. This would enable a future where no value would be trapped within the blockchain.

Identifying Dead Coins

The CoinJanitor project has already set forth differentiating criteria and basic requirements which need to be fulfilled for a coin to be deemed dead or failed, in light of the lack of consensus around the definition of what a dead coin is. The profiling of such coins is absolutely central to the project and, as such some of the parameters which are being emphasized on are:

  • Date of inception
  • Trade volume
  • Hashrate
  • Status of exchange listing
  • Social Activity
  • Forum Activity
  • Development commits
  • Others of the kind

Needless to say, a project having its date of inception a year ago with no functioning website, delisted crypto asset, no notable social activity and lack of development commits could be deemed as ‘dead’ or ‘failed’.

More Than Your Regular ICO

There is a certain dichotomy within the project itself. On one hand itis a community-driven project which is aiming to restore and add value to users holding ‘dead coins’, contributors and the market as a whole through positive externalities. Nevertheless, the project is issuing a token on a public sale – ICO.

The project plans to include its supporters and contributors in the way the initiative operates in the future. Community members will be able to make suggestions as to the new ways and tools which need to be developed so that the project can better carry out its mission in the future, making it a community-driven effort.

As the community grows, the network effect, as well as the overall market reach of the project, will have a beneficial impact on all of its members. What is more, the crypto community at large shall benefit from the subsequent reduction in resource dilution that cryptocurrency markets are facing now. This makes it a unique project that on one hand will seek support via an ICO and on the other hand is seeking to build a community around it in a way that no other ICO has in the past, achieving goals that will deliver a wide range of benefits to all cryptocurrency enthusiasts..

Bringing Back the Balance Is An Expensive Endeavor

Bringing Back the Balance Is An Expensive Endeavor

Restoring value and bringing back the balance within the crypto economy is not a cheap undertaking. At the end of the day, this is a challenging endeavor which has already consumed thousands of hours and dollars.

Widespread media coverage, as well as serious funding, is needed to achieve the ambitious goals the venture has set forth. Hence, the ICO. The value proposition for everyone involved in the project is clear, which makes this a special community-drive endeavor as well.

The ICO is the most effective and appropriate model to introduce CoinJanitor to the market as it allows the project to achieve its mission. Through the ICO, the project shall attempt to acquire supporters and contributors who would later on fuel the initiative and support the much needed cleansing of the crypto economy as it stands right now.

The CoinJanitor project makes a prominent attempt to provide a lot of added value for those who support it and the community as a whole, while cleansing the entire crypto economy in the process.

You can find out more about the CoinJanitor project as well as follow recent announcements and its current state of progress on the project’s website, Facebook, Twitter, YouTube, or follow the live discussions held on Telegram.

Can CoinJanitor effectively carry out its stated mission while it creates value for everyone involved? Let us know what you think in the comments below!

Images courtesy of CoinJanitor, Pixabay

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Bře 31

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

· March 31, 2018 · 3:30 pm

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

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

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

Adrian Casey, CEO of  Zerocoin.bet, said:

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

He added:

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

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

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

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

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

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

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

Images courtesy of ZeroEdge.Bet

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Bře 29

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

· March 29, 2018 · 2:00 pm

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

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

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

What GIFcoin Can Offer Investors

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

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

What GIFcoin Can Offer Investors

Success After Success

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

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

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

Token Distribution Phases

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

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

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

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

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

Images courtesy of GIFcoin, AdobeStock

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Bře 25

How the 4th Pillar Platform is Helping Prevent Deforestation

· March 25, 2018 · 2:00 pm

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

Businesses are Needlessly Damaging Our Ecosystem

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

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

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

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

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

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

Helping to Stem the Tide of Deforestation

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

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

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

A Token Sale to Save the Planet

A Token Sale to Save the Planet

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

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

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

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

Images courtesy of AdobeStock, Shutterstock

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

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Bře 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 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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