Čvc 22

A Shipwreck, a Sunken Treasure, and a Possible Crypto Scam

A South Korean company has claimed to have discovered the 113-year old wreck of the Russian battleship Dmitrii Donskoii, reportedly containing more than $100 billion worth of lost gold. While the matter of who actually has salvage rights remains contested, a cryptocurrency exchange has emerged, offering to “share profits” from the wreck with its users.


A $100 Billion Dollar Discovery?

According to reports by Reuters and The Telegraph, on July 19, 2018, South Korea-based Shinil Group announced that it had discovered the wreck of the Dimitri Donskoii – a Russian Imperial Navy cruiser believed to have been sunk in 1905 after battling Japanese warships.

Under the auspices of Shinil Group, a team of experts from South Korea, Britain, and Canada discovered the wreck on July 15. Through the use of submersibles, the team was able to read the name on the sunken vessel, positively confirming its identity as the Dmitrii Donskoii.

In a statement announcing the find, the company noted:

The body of the ship was severely damaged by shelling, with its stern almost broken, and yet the ship’s deck and sides are well preserved.

The ship is believed to have sunk with 5,500 boxes of gold bars as well as 200 tons of gold coins in its holds – a claim which the Shinil Group says it will prove when it releases footage of the discovery’s findings at a press conference next week.

Shinil Group representative Park Sung-jin spoke with Reuters, saying:

We believe there are gold boxes, and it’s historically proven.

He further described the boxes as “tightly lashed” – an indication that they contain “really precious stuff.”

If the claims bear out, the value of the sunken treasure would be well over $100 billion at current market value.

Discovery of a Lifetime or Cryptocurrency Scam?

Salvage Rights Still Up in the Air

While the identity of the sunken ship may have been confirmed, the issue of who actually has the salvage rights is far from certain. In addition to Shinil Group, there are at least two other contenders vying for the claim. The government-run Korea Institute of Ocean Science and Technology (KIOST) claims to have discovered the wreck in 2003, while the now-bankrupt Don-Ah Construction company claims to have found it in 2001.

Muddying the waters even further, Yevgeny Zhuravlev, head of Russia’s Vladivostok’s military history museum on the Pacific Fleet has said that under international maritime law, the ship belongs to Russia.

A South Korea Ministry of Oceans and Fisheries spokesperson told Reuters that ownership of the wreck would need to be agreed upon by a number of agencies including the Ministry of Foreign Affairs, which has reportedly not discussed the issue with the Russian government.

Regardless of who ultimately winds up with salvage rights to the Dimitri Donskoii, if any treasure is found, at least half of it would automatically be handed over to the Russian government. If Shinil Group is found to have been the first to discover the vessel, Park says that the company’s intention is to donate 10% of the remaining treasure to South Korean President Moon Jae-in’s job creation initiatives, as well as helping to fund other inter-Korean development projects.

Discovery of a Lifetime or Cryptocurrency Scam?

In a surprising twist to this already confusing story, two websites have emerged, both with apparent ties to the discovery of the Dimitri Donskoii and its sunken treasure.

The first website is a newly launched cryptocurrency exchange named Donskoi International Exchange, which promises to share the profits from the wreck by giving out Shinil Gold Coins (SGCs) to users of the platform. The second website – which Bitcoinist uncovered during the course of its own investigation – appears to be promoting an upcoming ICO for the aforementioned Shinil Gold Coin. Both websites share logos and a nearly identical design, and both claim to be operating under the Shinil Group.

Interestingly, both websites’ share the same webhost and list the same registrant and administrative contacts in their respective WHOIS data which can be viewed here and here. The address listed for both domain names belongs neither to Shinil Group or the websites’ host, but rather that of a shopping mall in Seoul, Korea.

South Korea’s Financial Supervisory Services issued a statement on the matter which said:

Investors need to be cautious as it’s possible they could suffer massive losses if they bank on rumors without concrete facts regarding the recovery of a treasure ship.

Park told Reuters that Shinil Group is in no way affiliated with the exchange and Bitcoinist has reached out for comment regarding the ICO but has yet to receive a reply.

Do you think the sunken treasure exists? Who will ultimately claim salvage rights? Let us know in the comments below.


Images courtesy of PRNewswire

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Čvc 03

ICO Market Approaches $12B Raised as Number of Dead Coins Tops 800

There are now more than 800 coins which are essentially dead. However, the market for Initial Coin Offerings (ICOs) continues to boom in 2018, raising almost $12 billion in the first two quarters alone.


Lots of Flaws

ICOs have surely become a hot topic in the last year and a half. This alternative fundraising method saw its massive upswing of interest in 2017 when it managed to reach upwards of $3.8 billion of capital raised. Yet, the first two quarters of 2018 have dwarfed that number, raising almost $12 billion, according to Coinschedule.

Total amount raised through ICOs in 2018

Nevertheless, this fairly controversial way of raising capital. And it hasn’t been without merit. A recent study showed that at least 20% of all ICOs have turned out to be a scam, which makes them a seemingly risky investment opportunity. The massive amount of flawed projects also caused some to take this even further. BitTorrent’s creator, Bram Cohen, said that all ICOs are scam unless proven otherwise.

Others, such as Bobby Lee, co-found of BTCC cryptocurrency exchange, said that 95% of ICOs aren’t based on blockchain technology but are rather database projects.

Furthermore, 800 of the tokens issued through initial coin offerings are essentially dead, according to a website called Dead Coins. The venue lists them under a few different categories, based on the reason for their devaluation. Some are the results of scam projects or have been hacked, others have gone to prices less than 1 cent. There are also those which are nothing but a parody.

Profitable Nevertheless

Despite all of the criticism ICOs are subjected to, they remain widely profitable. The aforementioned study also came to the conclusion that if you had invested in every single visible ICO, regardless of whether it turned out to be a scam or not, you would have made 13.2 times return on the investment.

Furthermore, prominent figures in the field like Zhao Changpeng, founder of Binance – the world’s largest cryptocurrency exchange by means of traded volumes – have outlined numerous advantages of the alternative fundraising method.

ICOs

As ICOs continue to grow in popularity, we are also seeing a serious spike of attention on behalf of regulators. Understanding their obvious importance, countries are beginning to formulate legislative frameworks aiming to protect investors and potentially reduce the number of scam projects to a minimum. Thailand, for instance, recently introduced a new decree which holds ICOs to substantially higher standards.

Following the country’s biggest ICO scam, the Vietnamese government is also pushing for legislative clarity and regulations. South Korea, on the other hand, revealed that it might soon legalize ICOs after having the flat-out banned them in September 2017.

It does seem like governments are realizing the potential revealed by this yet controversial means of raising capital. This might provide the much needed legal grounds for a potential widespread adoption.

Do you think ICOs are truly going to become a completely viable and widespread alternative to fundraising? Don’t hesitate to let us know in the comments below!


Images courtesy of Coinschedule

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Čvn 17

Keplertek: Special Sale Due to Incredible Demand (June 19th-June 21st)

· June 16, 2018 · 10:00 pm

How do you feel about a future that is fueled by the constant drive of wanting to achieve true greatness, by helping mankind in all aspects of life? If this sounds like something you see happening or want to see in the near future, Keplertek is the right project for you. The unprecedented combination of the up-and-coming industries of Robotics, AI, and the Blockchain will change the world in ways we cannot yet imagine! 


Due to very high demand for KEP during all stages of the Pre-ICO, Keplertek decided to give the cryptocurrency community one more opportunity to participate before the start of the initial coin offering.

The Special Sale will start on the 19th of June 2018 at 8 PM UTC+4 and conclude on the 21st of June 2018 (8 PM UTC+4), giving investors exactly 48 hours and one last chance to take advantage of the generous 30 percent bonus offered during Pre-Sale.

Should you have reserved tokens before the Pre-Sale but missed out on your purchase due to not triggering the reservations in time, worry not — all previous reservations are still active during this stage and are waiting to be triggered!

The centerpiece of Keplertek’s innovative project is Kepler Universe, a platform that will make it possible for tech and financial geniuses from all around the world to connect and work on the technology of tomorrow.

The sad truth is that there are so many talented people with life-changing ideas and the potential to change the world, but most of them are never realized due to a lack of funding, experience, or infrastructure. By providing this infrastructure, Kepler will change the way we view technology and how we approach fundraising, as well as teambuilding, worldwide. Leave behind the outdated boundaries set by the biggest players in the field and join the revolution.

After selling out all tokens assigned to the Pre-Sale within the first week (2 weeks ahead of schedule), Kepler’s team, consisting of over 50 brilliant minds (with 100 additional international members), is working hard to prepare for its ICO and to ensure the smooth launch of KEP and Kepler Universe.

The ICO will start on June 26th, offering a 20 percent bonus during the first stage, decreasing to 10, 5, and eventually 0 percent. KEP will then hit major exchanges right afterward and have the alpha version of Kepler Universe ready by Q3 of 2018.

Take your future into your own hands and seize the opportunity to get involved with the best project out there on the ground floor. Complete KYC and get ready for June 17th, it WILL pay off – don’t let this be another missed opportunity and reap the rewards of your early discovery!

Also, don’t wait until the last minute, it only took 24 hours for Kepler to sell 400.000 tokens during Pre-Sale. Join the Special Sale and make a revolutionary investment into a limitless future, from which we will all one-day benefit!

For more information visit www.keplertek.org and the following links:

Whitepaper: https://www.keplertek.org/v2/WP.pdf
Facebook: https://www.facebook.com/Keplertek/
Twitter: https://twitter.com/KeplerTek
Instagram: http://instagram.com/kepler.tek
Linkedin: https://www.linkedin.com/company/keplertektechnologies/
Medium: https://medium.com/@KeplerTek
Telegram: https://t.me/KeplerTechnologies

What do you think about Keplertek? Let us know in the comments below!


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Čvn 15

What Does the Future of ICO Advertising Look Like?

· June 14, 2018 · 10:00 pm

Due to the notorious volatility and unregulated nature of cryptocurrencies, many organizations and even governments are jumping on the bandwagon to ban them.


As we move further into 2018, even the big tech firms are starting to put their foot down on crypto advertising. Such a huge widespread ban has the potential to severely hinder the future development of the crypto industry.

Google and Facebook Have Banned ICO Advertisements

Some of the Internet’s largest advertising platforms, including Facebook, Twitter, and YouTube, have completely banned any advertisements promoting ICOs and cryptocurrencies.

As of June, even Google will be banning the advertisement of crypto – including ICOs, wallets, and exchanges, etc.

 There has been a lot of speculation as to why this has happened. Some speculate that it is merely an attempt to protect their users (and their reputation) from fraudulent ICO and token scams and Ponzi schemes, while others have even suggested that these websites could be feeling threatened by the increasing popularity of blockchain technology.

But regardless of the reasons behind these bans, one thing is becoming clear – ICO marketing has become increasingly difficult.

 ICOs Are Looking for New Ways to Gain Exposure

As it stands, some of the main ways to promote ICOs include:

  •  Going on a roadshow and speaking at conferences to elicit interest, growing a brand and being exposed to potential investors.
  •  Ordering press releases and getting them published on popular websites that are frequented by crypto enthusiasts.
  •  Joining in discussions on popular social media websites – such as Facebook groups, Reddit, Telegram, Quora, LinkedIn groups, and specialized forums.

If you really want to succeed, it’s likely you’re going to have to leverage all of these methods and more.

Hopefully, after a while – if your offer is good enough – your idea will spread among users through word of mouth and you’ll be able to tone down your efforts slightly. But until then, you need to work hard to get your message out.

Can Decentralized Platforms Be A Powerful Channel to Promote ICOs?

One up-and-coming blockchain platform, known as 2Key, is introducing a brand-new model that rewards users for sharing valuable information.

It might just be the new go-to platform for blockchain startups looking to gain exposure.

2Key is a decentralized global referral network. Its goal is to become the go-to platform used to share information about products, services, and events. The platform encourages the free-flow of valuable information through human referral chains.

This is made possible through the platform’s Multi-Step tracking technology that makes it possible to track and reward every user involved in the link-sharing chains.

Using this technology, anyone can easily create their own referral link based on a smart contract, define their goal (such as more exposure, leads, or sales), and incentivize the human network to share this message to achieve it.

It even incentivizes users to share beneficial information by directly rewarding them with tokens.

As time progresses and 2Key continues to develop, the platform could become the go-to solution that ICO organizers choose instead of running bounties for their users.

 Another platform that’s built a lot of momentum is Wings.AI.

While the core functionality is to forecast and predict the amount an upcoming ICO is going to raise, the benefit Wings can bring to the table is ICO discovery and word-to-mouth buzz marketing.

The Wings community is comprised of crypto enthusiasts and investors that are constantly seeking new projects to evaluate. Through the Wings platform, users are exposed to new projects on a weekly basis, and they are required to run due diligence evaluate the project and share their findings on social media and on the Wings platform.

In some cases, this can create a network effect, where thousands of people engage with a project, ask questions, provide feedback and discuss it with each other.

How Are Users Rewarded?

With 2Key’s case, the platform features its own multi-party state channels protocol. This allows links to automatically perform self-tracking and information sharing as they are distributed.

This enables 2Key’s smart contracts to automatically reward the entire chain whenever a result is achieved.

Users will be rewarded with the 2Key Ethereum utility tokens in return for successfully referring other users. These tokens can be exchanged or used to purchase other services within the network.

With Wings.AI, users are rewarded in tokens based on how accurate their predictions were.

This incentivizes users to run a good due diligence, improve their rating on the Wings platform and grow their reputation.

 The Future of Advertising

There are a huge number of predictions about how advertising will change in the future that can be applied to the ICO industry.

Perhaps one of the biggest changes we will witness is the ever-increasing personalization of advertising.

Long gone are the days when the best way to advertise was to put up a massive banner advert in the middle of the city center that would attract the attention of everyone who passed by.

In today’s society, the best advertising is that which is highly targeted. A study by Rocket Fuel revealed that 80% of Millennials see value in brands engaging them with personalized offers.

Platforms like 2Key that are part of the moment shifting advertising away from the hands of big brands, back into the control of the human network, could act as a major catalyst for changing the future of advertising.


Images courtesy of 2Key, Wings.ai, AdobeStock

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Čvn 10

Keplertek: How Robotics and AI on the Blockchain Will Change the Future Forever

· June 9, 2018 · 8:00 pm

Keplertek recently finished its Pre-Sale, thus concluding the final stage of its Pre-ICO. In total, all of the pre-sale tokens sold out within the first seven days — an incredible achievement that the team is understandably proud of. There is more and more talk about this amazing project, and rightfully so — so let’s take a deeper look at what makes Kepler Technologies truly special. 


Robotics and AI on the Blockchain

Robotics and AI are some of the most disruptive technologies in our world – they’re already very real and about to change the world for the better.

Imagine a future that is shaped by the way we interact with technology, and not by the tiring quest of actually getting there – this is where Keplertek comes in.

By combining these three exciting fields of technology and providing the infrastructure needed for geniuses to work on their projects without having to go through the tedious process of fundraising and finding experienced and competent members, Keplertek will enable thousands of interesting projects to be realized instead of drowning in bureaucracy and vanishing forever.

Georgia: Tech Hub of the Future

Georgia is known for being a very tech-friendly country that gives its best to support up-and-coming companies that try to change the world of today by inventing the technology of tomorrow. It’s not only one of the countries with the most miners and mining companies, but also very interested in fostering innovation.

Its geographical proximity to both Europe and Asia is one of the most important and decisive factors in terms of international trade, allowing Keplertek to forge important partnerships throughout the entire world. This is further strengthened by a very accommodating tax policy, seeing as the total tax rate is 16.4 percent (percentage of profits). This allows businesses to flourish and grow organically.

One of the Biggest Teams

One of the Biggest Teams

Keplertek has over 50 employees working around the clock in its Tbilisi office, ensuring the launch of KEP and Kepler Universe will go as smoothly as possible.

With over 100 more team members working from abroad and in R&D, Keplertek is without a doubt one of the (if not THE) biggest projects in the ICO space at the moment.

Strong Social Media Presence

Keplertek has a Telegram group with over 86.000 members and a lot of interesting discussion about the project and the general evolution of cryptocurrencies. It is always possible to get your questions answered by an Admin and partake in activities like quizzes with KEP rewards — strengthening the community even further.

Keplertek is also on Facebook, Twitter, Instagram, and LinkedIn — take a look and get to know the dedicated team behind this project even better!

All in all, Kepler can be considered the most interesting project in the cryptocurrency space at the moment.

Register now to complete KYC and participate in the ICO, starting on June 26th and lasting until July 17th. However, it’s better to hurry – if Pre-Sale is anything to go by, all tokens will be sold considerably sooner!

Don’t miss your chance, get ready to invest in a limitless future and take advantage of the 20 percent bonus on all purchases during the first round of ICO!

For more information visit keplertek.org, and check out the following links:

Whitepaper: https://www.keplertek.org/v2/WP.pdf
Facebook: https://www.facebook.com/Keplertek/
Twitter: https://twitter.com/KeplerTek
Linkedin: https://www.linkedin.com/company/keplertektechnologies/
Medium: https://medium.com/@KeplerTek
Telegram: https://t.me/KeplerTechnologies

What do you think of the Keplertek project? Let us know in the comments below!


Images courtesy of Keplertek, AdobeStock

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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Čvn 04

Disrupting Video-On-Demand Streaming with Blockchain

· June 3, 2018 · 8:00 pm

The entertainment industry has been greatly impacted by mobile technologies such as 3G, 4G, and video streaming on demand. Companies like Netflix, Twitch, HBO, and Amazon Prime leverage the power of the Internet to provide better viewing experiences to average consumers at the global scale. As people’s interest in video entertainment switches to smartphones and tablets, cable TV is losing ground.


A new technology has risen above the rest to disrupt on-demand video streaming as well. With its ability to implement “smart contract” systems to ease transactions, provide better transparency, and improve processes, blockchain technology enters the stage with sharing and content storage capabilities that go beyond what Netflix currently provides.

Video-On-Demand Powered by Blockchain

Video-On-Demand Powered by Blockchain

Slate Entertainment Group (SEG) is set up by Binge Media to develop decentralized platform SLATE powered by the SLX utility token. The blockchain-based VOD (video on demand) service will be an entertainment utility protocol that adheres to a multi-layer network: BVOD (blockchain video-on-demand), the electronic ticketing app Slatix, and the SLX utility token to enable access to premium entertainment. At the core of SLATE lies an immutable, distributed ledger meant to ensure trustworthy payment systems, seamless transactions, and structured incentives.

Slate’s SLX token aims to disrupt the entertainment economy and become a universal digital currency used by all platform users.  With blockchain at its core, the decentralized ecosystem will deliver high-definition, fast, and affordable media access to consumers worldwide. For service providers and content creators, the token can be used to provide access to exclusive entertainment services on the Slate platform.

Binge aims to leverage distributed ledger technology to become the first commercial platform for conveniently-priced, scalable video-on-demand streaming services. Slate token holders will be exclusive users of the platform with full access to a tokenized ticketing system, industry-leading open analytics, unrestricted global access, and more.

Slate’s exclusive ticketing system, SLATIX, is the decentralized solution designed to prevent fraudulent ticket sales, slash end-user fees, and become a reliable payment conduit of Slate for sporting events, movies, theater performances, and concert venues. Considering that blockchain technology promises to track, store, share, and verify user information, purchased tickets with SLX tokens are instantly transferable but impossible to fake. The usage of Slate’s SLX utility token is better highlighted in the video below:

Slate Announces New Partnerships and Exchange Listing

To speed up the mass adoption of the SLX token and raise awareness about its potential to disrupt the entertainment industry, Slate attended this year’s Cannes Film Festival, where it acquired full rights to video stream the upcoming crypto documentary “Beyond Bitcoin” via its BVOD platform, Binge. Watch the short teaser trailer below:

During Cannes, SEG formed a solid partnership with Spanish film festival SIFF. For the first time, a centralized organization in the film industry will provide cryptocurrency as an alternative payment method for acquiring tickets.

Hong Kong-based HitBTC, one of the top 10 cryptocurrency exchanges in the world, will be listing SLATE (SLX) currency.  HitBTC will host SLX with trading pairs against Bitcoin (BTC) and Tether (USDT). SEG is especially pleased to announce the agreement during the presale as it assures buyers that they will be able to trade SLX on the open market.

HitBTC to list Slate (SLX)

The team behind Slate managed to raise $20 million in just one day following the pre-sale date. For a limited amount of time, those interested in contributing and purchasing SLX tokens will benefit from a significant discount of up to 45 percent off the public sale price. An additional 4 percent bonus was available for those that choose to participate before May 31. The pre-sale ends June 9 !

What are your thoughts on Slate’s VOD platform? How can blockchain benefit video-on-demand streaming? Let us know in the comments below.


Images courtesy of Slate Entertainment Group, DepositPhotos

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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

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 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

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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

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