Čvn 25

Cryptocurrency Gambling company Monster Byte Inc. launches ICO

· June 25, 2017 · 11:00 am

Monster Byte Inc. owns a suite of long standing and profitable gambling websites that have been custom-built with proprietary technology owned by Monster Byte. Monster Byte is looking to raise additional funds to not only enhance their current consumer’s sites but also begin to resell their intellectual property and enter the B2B iGaming space.

[Note: This is a press release.]

This ICO is unique because the company has been generating revenue, adding users and enhancing its products since 2013. Instead of wondering if you are buying vaporware with the ICO you have a chance to share in the growth and profits of an established company.

From Sports Betting to Provably Fair Games

Monster Byte owns and operates Peerbet.org, Bit777.com, and BitcoinRush.io. Bitcoin Rush offers sports betting and a provably fair casino all custom built and originally founded as “casinobitco.in” in 2013.The sportsbook currently offers highly competitive odds and a daily cashback system that is not available at any other bitcoin sportsbook. Peerbet was established in 2012 and offers 1% edge dice games and an on-site exchange for various cryptocurrencies. Finally, Bit777 was acquired by Monster Byte in 2014 from UltraPlay LTD and is a flash based casino with 49 different games.

The sportsbook currently offers highly competitive odds and a daily cashback system that is not available at any other bitcoin sportsbook. Peerbet was established in 2012 and offers 1% edge dice games and an on-site exchange for various cryptocurrencies. Finally, Bit777 was acquired by Monster Byte in 2014 from UltraPlay LTD and is a flash based casino with 49 different games.

What will the ICO Funds be Used For?

First and foremost, Monster Byte is hiring several functions, including additional developers, and community managers.

The BitcoinRush.io sportsbook will be updated with a new UI/UX model and implement a system that earns between 2-4% per bet regardless if the player wins or loses.

Peerbet.org will be relaunched with a new modern design that will be responsive for tablet and mobile device play.

BitcoinRush.io will start accepting more coins including Waves, Ethereum, Litecoin, Dash, and others in time for the next NFL season in September.

B2B syndication of its games and API access to both traditional fiat and cryptocurrency gaming portals. The new line of business will supplement existing revenue streams.

Telegram messenger betting support. People will be able to place bets from their telegram app.

What do Token Holders Get?

Monster Byte Token will be issued exclusively on the Waves Platform due to the ability to easily trade tokens against other assets and cryptocurrencies all within the DEX, a very liquid decentralized exchange in the Waves LiteApp Wallet.

On a quarterly basis, all Monster Byte token holders are entitled to their share of the collective profit (revenue – expenses) of Monster Byte. Dividends will be paid in bitcoin, and detailed quarterly reports will be published to provide full transparency on all operations. A dedicated Slack channel will also be created to follow the day-to-day operations and development progress with the team itself.

When is the Monster Byte ICO? I Want in NOW!

The ICO pre-sale will begin on July 3rd, 2017 at 16:00 UTC, and extend until July 8th 16:00 UTC or whenever the pre-sale is sold out, whichever occurs first. During the pre-sale, 2,500,000 Monster Byte tokens will be sold at $0.08 USD, a 31.5% discount over the general sale. The general sale will open at July 8th at 16:00, and 7,500,000 Monster Byte tokens will then be sold at $0.11 USD.

Is There a Cap?

Yes, in total, Monster Byte anticipates raising $1,025,000 USD which gives Monster Byte a $4.4M post-money valuation. They chose not to have an open cap as savvy investors should know exactly what they are buying into, with a well-defined capitalization model.

A Unique Opportunity

This is your chance to invest in one of the fastest growing industries. Sports betting and online gambling is one of the best use cases for cryptocurrencies. Currently, online gambling as a whole is a $46 Billion/year market. Depending on estimates, that figure is expected to reach $50 Billion/year by 2019. At the same time, due the benefits of both the player and operator, cryptocurrency gambling is going to ‘eat into’ this market gradually year over year.

Based on Monster Byte’s solid reputation and long-standing history in this young niche market, as well as their expansion into B2B operations this is an ICO that is sure to go quickly.

Visit our website and sign up for our newsletter to get the latest updates on the ICO and presale. You can also connect with us on Slack and on BitcoinTalk.

[Disclaimer: Bitcoinist accepts money to publish press releases in the dedicated PR section. However, we do not endorse and cannot guarantee any claims contained in these press releases. We advise our readers to always do their due diligence before sending any money to companies and services, particularly those who guarantee profits. Remember, if it sounds too good to be true, it probably is.]

Images courtesy of Monster Byte

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Čvn 24

iDice ICO Raises $2.4M in First 2 Weeks

· June 24, 2017 · 10:00 am

iDice, the company behind the world’s first, has raised 7400 ETH ($2.4 million USD) in a span of less than 2 weeks, becoming the most successful gaming ICO in Ethereum history. The iDice ICO is currently live with only 2 more days left in the crowdsale. Holders of iDice tokens will be entitled to a portion of iDice’s total profits.

[Note: This is a press release.]

Jordan Wong, Founder and CEO of iDice commented:

People can see the potential of iDice in the future. We’re bringing Ethereum Gaming to mobile devices across the world, something that nobody has ever done before. It’s obvious that mobile betting is going to be big, and we’re going to dominate this market.

The iDice team has released a developer update of their upcoming mobile app, scheduled to launch late Q3 of this year. iDice token holders will have the right to claim a portion of the total profits from both desktop and mobile platforms. This includes any profits from future games such as poker, roulette, slots, and blackjack.

iDice mobile gaming app

iDice has become the fastest growing gambling platform to date. The iDice beta has gotten over 2000 bets and paid out over 1600 ETH ($500k USD) – all within its first 3 months. Ethereum Gambling experts have predicted that iDice will beat its competitors vDice, Etheroll, and Edgeless Casino in the mobile gambling segment.

iDice seems to have the odds in its favor. The global online gambling industry is currently worth $47 Billion USD, with mobile traffic rapidly on the rise. Ethereum, which iDice uses, is also growing at a great pace, meaning that it will take an increasingly bigger part of the mobile online gambling industry; Ether is already popular among players. These two factors combine make iDice the king of a huge kingdom, whose vast territory and borders have not been fully explored yet.

To join the iDice ICO, sign up at their crowdsale page: https://crowdsale.idice.io. The ICO ends this week on June 26, UTC 0:00, so time is quickly running out. The iDice team has already made contact with exchanges, and the project is likely to see even more popularity after they’re listed. Similar projects in the past such as vDice have seen their tokens shoot up 30x in value this year. Investors believe that iDice will likely be no different.

[Disclaimer: Bitcoinist accepts money to publish press releases in the dedicated PR section. However, we do not endorse and cannot guarantee any claims contained in these press releases. We advise our readers to always do their due diligence before sending any money to companies and services, particularly those who guarantee profits. Remember, if it sounds too good to be true, it probably is.]

Images courtesy of iDice, Shutterstock

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Čvn 21

DNotes Co-Founder Alan Yong Offers Insight on DNotes Strategy and Vision in Recent CEO CFO Interview

· June 21, 2017 · 2:30 pm

In an interview with CEOCFO Magazine published on Monday, DNotes co-founder Alan Yong revealed his thoughts on the current state of cryptocurrency, the obstacles preventing the industry from obtaining more widespread acceptance, and his company’s plan to position DNotes to overcome those challenges.

[Note: This is a press release.]

Yong, the author of the book Improve Your Odds – The Four Pillars of Business Success, pulled no punches as he surveyed the digital currency landscape in 2017 and elaborated on DNotes Global Inc’s plans and DNotes’ potential.

In remarks after the interview was published, Yong made clear his belief in digital currency’s ability to level the playing field for billions of financially disadvantaged people around the world. That is why he chose to emphasize their plight and explain how the DNotes team plans to position that currency to fill that gap by fulfilling all the basic functions of money.

DNotes Alan Yong

Young explained:

I talked about the 2.2 billion people around the globe who lack access to basic financial services. […] How do you improve your life and that of your community or country when banks won’t even give you access to a savings account – much less a small business loan or other credit opportunities? This is not a new problem, and yet the current financial system has done little or nothing to make those peoples’ lives better. Something has to change.

Yong’s focus on these types of problems is understandable. For years, cryptocurrency enthusiasts have argued that digital currency would provide the democratization of money that the world needs to empower everyone. However, as he alludes to in his interview, little real progress has been made. And if Yong is right, few if any of today’s digital currencies are properly positioned to fulfill that promise of monetary democratization.

With respect to Bitcoin, Yong notes that its popularity and current price could prove to be a barrier to more widespread adoption around the world. As he noted in the interview, “mass acceptance of any digital currency also requires it to be accessible to anyone and everyone around the world – rather than just being limited to the monied elite.” Yong says that universal accessibility is a central goal for the DNotes team and project.

To accomplish that, the DNotes strategy reportedly focuses on creating an informed community dedicated to the currency’s success, a trusted brand that is both reliable and verifiable, and a system that emphasizes education about digital currency. DNotes Global Inc was created as a for-profit company to help meet those goals and provide the leadership needed to ensure that the currency acquires actual intrinsic value.

That intrinsic value will be vital if DNotes is to achieve Yong’s dream of serving as a viable source for financial empowerment around the world. No currency can long lay claim to that designation without some measure of intrinsic value since much of the world’s population will be reluctant to put its trust in any currency that suffers from unpredictable and wild price swings.

Yong also went into greater detail about the DNotes Global Inc project and its long-term goals. The DNotes team plans to eventually launch a cryptocurrency exchange, as well as an online bank. And that’s on top of its ongoing efforts to continue to improve its other project offerings – services and features that include everything from the innovative and secure DNotes Vault system to the company’s CRIPS savings accounts and retirement program.

Yong’s interview with CEOCFO Magazine offers perhaps the most in-depth glimpse into his company’s plans yet, and that’s likely to spark even more interest in the DNotes project. Still, Yong seems to be taking that in stride.

DNotes is generating lots of excitement right now, but we’re still focused on the task before us. This is a big project, with big ramifications for the world – so patience is a must. If I’ve learned one thing in my business life, it’s that you always need to do the right thing at the right time – and for the right reasons. We intend to keep doing just that.

About DNotes and Alan Yong

DNotes co-founder Alan Yong is a well-regarded author and tech visionary who established Dauphin Technology in 1988. DNotes is regarded as a “thought leader” in the cryptocurrency industry, with a digital currency noted for its consistent and reliable growth, and innovative initiatives that actively engage women, young people, small businesses, workers, and others – effectively inviting the world to participate in the digital currency revolution.

Read the full interview here: http://www.ceocfointerviews.com/interviews/DNotesGlobal17.htm

For more information please visit: http://dnotescoin.com
To trade DNotes with Bitcoin please go to:http://poloniex.com/exchange#btc_note
To learn more about DNotesVault and CRISPs please go to:http://dnotesvault.com
Follow DNotes on Twitter: http://twitter.com/dnotescoin

Images courtesy of LinkedIn, DNotes

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Čvn 18

Polybius Project ICO raises $19 Million, Becomes Eligible for EU Banking License

· June 18, 2017 · 2:00 pm

The Polybius project ICO went live on May 31, 2017, has raised $6 million in its first three days and by the second week, it had raised a total of $17 million (now over $19 million). At $6 million the Polybius Bank project became eligible to register as a bank and start operations under EU law.

[Note: This is a press release.]

Polybius project ICO

In accordance with regulations, The Polybius Foundation was required to raise a minimum of $6 million to legally obtain a full banking license and launch within an EU country. The Polybius project’s ICO is now in its third week but has already raised close to $20 million.

Established by the Estonian company Polybius Foundation, The Polybius project was born out of a change in EU legislation which enables the project to become economically viable.

The project is heavily focused on the development of financial technologies within the banking sector of Switzerland and the EU.

Following changes to EU legislation, it is now legal for banks to use blockchain technology as a basis for recording bank transactions and documentation, a leading feature of the Polybius cryptobank project. In addition to the implementation of blockchain technology, Polybius Bank will also use specialized AI for crediting, and the project’s very own digital biometric identification technology called Digital Pass.

Digital Pass offers a safer, streamlined digital alternative to the traditional method of physical documentation. Until now it has not been legally possible for EU-based banks to implement such projects, but now Polybius Bank project will have the freedom to operate as a legitimate universal blockchain-backed bank.

The Polybius Bank project has stated that it is very close to choosing an official location for the business to be registered. Currently shortlisted locations include Lithuania, Luxembourg, Finland, and Switzerland. The project will announce their final decision when the ICO campaign concluded. Polybius would like to remind potential investors that during the third week of ICO, they stand to receive a bonus of 10%, starting June 15, 2017.

Images courtesy of Polybius

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Čvn 17

CORION Announces ICO Details for its Revolutionary Platform & Stable-Rate CryptoCurrency

· June 17, 2017 · 12:00 pm

CORION (https://www.corion.io) full-service blockchain platform powered by a revolutionary new stable-rate token, today announced final details for their public crowdsale to begin on June 18th and end July 30th, 2017.

[Note: This is a press release.]

CORION Platform Offers the Easiest Way to Enter the Crypto World

Built on Ethereum Classic, the CORION stable-price token eliminates the guesswork that comes with fluctuating prices. Its algorithm enables special automated inflation-deflation control, assuring the stability of the CORION token as a stable means of payment worldwide. CORION’s white papers can be found here.

Participants in the CORION crowdsale will gain access to the CORION Platform, and have stable-price digital tokens deposited in their multifunctional CORION Wallets immediately, allowing instant, low-cost payments. Early investors will receive a 25 percent bonus the very first day, 20 percent bonus during the first week, a 15 percent bonus the second week, and progressively lower bonuses throughout the campaign. Investors will also be incentivized by CORION’s affiliate reward of 1-5 percent.

Funds raised through CORION’s  crowdsale will be distributed to further developments and investments managed by the CORION Foundation (50 percent), to the Stability Fund managed by the Foundation (25 percent), to the team members for their two year of work (16 percent), future developers and associates working on the CORION Platform (4 percent), and marketing, promotions, and growth (5 percent).

CORION’s Marketplace allows anyone with a minimum purchase of 3,000 CORION tokens (a $2,400 investment) to join the community as a Service Provider and start their own business and start acquiring customers. The marketplace provides an excellent tool to promote any business online or offline anywhere in the world. From there, the mainstream crowd is engaged through affiliate programs and shopping communities that generate demand for usage of the platform. As business grows, so does the token supply, thus fuelling the system  and allowing users to earn daily rewards from staying active within the community.

The CORION Platform also features a built-in automated inflation and deflation control system that ensures the stable price of the coin to carry out transactions. If the price of CORION rises above $1 on the main exchanges, (i.e. there is a demand for more tokens), the system will release a maximum 2.5 percent additional tokens daily. On the other hand, if the price of CORION drops below $1 on the main exchanges, (i.e. there are more tokens in circulation then the system needs), no tokens will be emitted. To make sure the system works, set fees are calculated after each transaction and later burned to make sure they never appear in the system again.

Miklos Denkler, CEO of CORION, explains:

One of the biggest deterrents for new cryptocurrency users is the hassle of monitoring the hugely fluctuating prices of cryptocurrencies. With CORION, the price of the token remains stable, giving community users all the freedom to buy and sell in the marketplace without a major financial risk. We look forward to introducing CORION to a larger audience through this token crowdsale and putting investments towards funding this truly revolutionary platform.

For more information on CORION and its upcoming crowdsale, please visit: https://www.corion.io


CORION is a multifunctional platform for businesses and individuals to join and build a worldwide decentralized network based on mutual benefits, simplicity, security, cost-effectiveness and speed. The Platform provides and hosts secure, convenient, and instant financial transactions using CORION, the stable means of payment. CORION encourages users to build businesses and services on it and it is ideal for beginners and anyone looking to enter into the crypto world. For more information, visit https://www.corion.io

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Čvn 11

iDice: World’s First Mobile Ethereum Blockchain Powered Gambling App Launches ICO

· June 11, 2017 · 1:00 pm

iDice is the world’s first mobile blockchain gambling app powered by Ethereum. The iDice crowdsale is currently live.

[Note: This is a press release]

Ever since the sale of SatoshiDICE in 2013 for a record-smashing 126,315 BTC ($315,787,500 USD in today’s prices), Dice betting has played a major role in blockchain history. Experts estimate that roughly 50% to 60% of all blockchain transactions are gambling related. However, the blockchain gambling sphere is not short on competition.

The iDice Opportunity

The iDice team is not looking to compete directly with pre-existing gambling apps. Blockchain gambling is predominantly for desktop platforms. There isn’t a single gambling related app that is available for mobile devices so far. Jordan Wong, the creator of iDice, believes that the mobile segment is an untapped market and a huge opportunity for iDice:

Studies have shown that the majority of all internet traffic nowadays come from mobile devices. Mobile apps grow insanely popular in a very short period of time. People spend more time on their phones than any other platform. I think the future of blockchain technology is in mobile devices.

The numbers show a conclusive story. It is reported that roughly 60% of all searches come from mobile devices. Internet traffic originating from mobile platforms surpassed desktop platforms in 2016 and that number is still growing. Despite the increasing trend of mobile app blockchain startups, the gambling sphere has yet to respond with a mobile app of their own.

Mobile Traffic Shares

Bitcoin has a 24hr volume of $1.56 billion USD alone and Ethereum (the 2nd biggest cryptocurrency) has a volume of $550.8 million. This makes blockchain gambling one of the biggest industries in the world, with more than $1billion USD worth of bets processed every 24 hours.

The combination of growing mobile users and large blockchain gambling industry makes the mobile blockchain gambling segment an untapped market with huge potential for growth.

The iDice team has their eyes set on dominating this segment. The release of the iDice’s mobile app late Q3 of this year will grant iDice a monopoly over the mobile blockchain gambling market, and establish their brand as the market leader for years to come.

The Fastest Growing Gambling Platform to Date

The iDice team has already shown what their platform is capable of. The iDice beta release generated 720ETH ($231,840) in player profits within the first 2 months. What makes this number even more impressive is that the team managed to do this without any promotional effort. Jordan was very surprised.

We never expected the iDice beta became so popular. Our goal in launching the beta was only to test the platform and gain user feedback.

iDice Mobile Gambling App

Jordan attributes iDice’s popularity to the platform’s smooth user experience and reliability:

We really focused on making the platform work smoothly and reliably without any compromises. I think the players who’ve played our beta stuck around because of our platform’s performance.

Bradley Celik, a heavyweight in the IT world and a mentor to the team, is proud of the team’s success.

They did a good job. They nailed it with the platform, and the results show it. It’s been an absolute pleasure to be an advisor to the project. I’m confident that iDice will be making big waves in the coming months.

Safe and Reliable

What really makes the iDice platform stand out is its unique safety and reliability. Cryptocurrency is plagued by several highly prolific hacks that have occurred, with the most recent DAO attack on April 2016 claiming 3.6 million ETH (~4 billion USD).

Ethereum logo

Thanks to Ethereum Smart contract technology, iDice players won’t have to worry about losing their funds from 3rd party attacks. The iDice platform does not require an account or any deposits to play making it immune to any hacking attempts. Instead, players directly send their Ether to the iDice game address from the safety of their own wallet. From there, the result of the game is computed through an oracle that retrieves random numbers from Random.org.

The iDice platform is unique in that it does not have any server architecture like traditional gambling Dapps. iDice also has an open source code that is available for anyone to view online, allowing it to be fully transparent and provably fair.

Join iDice

The success of the iDice Beta has prompted the team, who have been in stealth development for the past year, to launch their ICO (Initial Crowd Offering) granting the public a unique opportunity to invest in the company. Ethereum can be exchanged for iDice tokens, which are like preferred shares of a company.

iDice tokens grant the token holder the right to claim a portion of iDice’s total profits like a dividend. These tokens are exchangeable just like stocks. There is a limited supply of 5 million iDice tokens that are available during the crowdsale. There will be no more iDice tokens that will be created after the ICO.

Images courtesy of iDice, Ethereum, SmartInsights

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Čvn 08

CrypViser and ChronoBank – Efficient Collaboration!

· June 8, 2017 · 11:30 am

On the 7th of July 2017, the innovative encrypted messenger CrypViser is launching a collaboration with the wide-ranging Blockchain project ChronoBank! Crypviser will now be accepting ChronoBank TIME tokens for payments until the end of its ICO on June 30th.

[Note: This is a press release.]

Crypviser is pleased to announce the launch of its collaboration with Chronobank. Until June 30th, users who join Crypviser’s ICO will be able to make payments with ChronoBank TIME tokens. Vadim Andryan, the founder of CrypViser, believes that cooperation with ChronoBank will encourage the development of the project in addition to creating new opportunities for the whole community and investors.

The first encrypted messenger – CrypViser – announces new opportunities during the ICO

On September 2nd, the official launch of the Crypviser network will take place. At that moment all new participants of ChronoBank and CrypViser will be granted exclusive early-bird access to the messenger service. Prior to this, users will also be able to take part in Crypviser’s bounty campaign.

In addition, members of Chronobank and CrypViser will have the opportunity to make in-app payments for the messenger’s services using TIME tokens.

CrypViser, together with ChronoBank, is a resource that prides itself on being sustainable for market integrations, with their integrated use of Blockchain enabling them to put security first.

Become a member now – Crypviser’s ICO is on-going!

Please note that only those participants who join CrypViser during the ICO will be guaranteed access to this new partnership with ChronoBank.

CrypViser’s ICO, which kicked off on May 20th, will continue until June 30th. During the crowdsale, the project will provide 10 million (10,000,000) CVCoins distributed among members. To participate in the CrypViser ICO please follow this link: https://ico.crypviser.net

ChronoBank.io is an ambitious and wide-ranging blockchain project aimed at remolding the HR/recruitment/finance industries.

Crypviser is a provider of a new generation of Blockchain-based automated cryptographic and encryption solutions for instant communication networks.

Images courtesy of Shutterstock

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Čvn 06

NEM Rises to New Heights, as Partner EcoBit’s Green Project ICO Continues

· June 6, 2017 · 11:00 am

NEM is currently one of the fastest expanding distributed ledger technology platforms in the cryptocurrency space. In the recent days, NEM’s cryptocurrency XEM has seen a meteoric rise in value as it displaced Litecoin as the 4th Largest altcoin, in market capitalization last week.

The recent growth spike has been attributed to the NEM’s recent partnership with EcoBit, a green project supported by the Kelantan State Government in Malaysia.

The recent increase in demand and valuation for the out-of-the-box solution and it’s XEM tokens began earlier in the year with the announcement of the collaboration with EcoBit Project and its Blockchain card on social media site Twitter. EcoBit Blockchain card is a pioneering technology that sees the first ever implementation of Blockchain technology on a smart card, which harnesses NEM technology to enable the transactions of EcoBits tokens.

A leading Spanish cryptocurrency news site recently analyzed the direct correlation between EcoBit events and XEM price spikes, concluding the collaboration has a massively beneficial effect on the consensus in the cryptocurrency community.

Showing a super bullish upward trend line, corresponding with EcoBit events, the graph displayed a 154% increase in NEM prices from $0.0037 to $0.0094, between January and March 11, 2017, in unison with phase two launch of the EcoBit project.

Fast forward a month, and XEM saw another significant surge in price and market capitalization, reaching $0.0247 per token. Within this time frame, XEM saw its value rise in value by an entire decimal point, as EcoBit launched its website and ICO. A month later and XEM recorded yet another decimal point shift to reach $0.1276 (as on May 14, 2017).

Following the EcoBit ICO, and its green initiative, the company has gained more popularity among community members, especially Japan, where artists have created EcoBit fan-art.

What is EcoBit?

EcoBit is a green and sustainable lifestyle movement, developed in partnership with the Kelantan State Government in Malaysia. Having already raised over $1 million during the first 10 days of ICO, the EcoBit project focuses on many environmental initiatives that will be financed through the company’s ongoing ICO.

With NEM blockchain technology, the company creates a public supply chain for all produce created through its green projects on Carey Island. Through blockchain implementation, EcoBit focuses on transparency, immutability, and accountability, ensuring that people know exactly what they are buying, where it is coming from and under what ethical circumstances.

The use of self-sustaining NEM blockchain-based smart contracts enables projects to manage and monetize natural resources to reduce carbon emissions ethically. It also creates a transparent, immutable digital supply chain ledger that allows anyone to track and monitor the carbon credits/impact, project’s yields (agricultural produce) and the movement of products from the origin to supermarket shelves.

Through the ledger, consumers can be assured of the organic nature and ethical handling of food produce. The recently introduced EcoBit Blockchain Card can be used by members to “earn” EcoBit tokens via recycling program and “pay” merchants for their goods and services.

Open till June 8, 2017, EcoBit invites participants to continue to contribute towards and eco-friendly blockchain-based project, fighting global warming and climate change in the process contributing towards its sustainable environmental movement.

Images courtesy of Bitcoin PR Buzz

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Čvn 05

Kibo Lotto Launched in Ethereum Test Network

· June 5, 2017 · 9:19 am

In September 2016, Kibo team published the Whitepaper describing an idea of creation of the first decentralized lotto platform, which is uniform for the whole world and is based on Ethereum smart contracts.

The main task of the team is to eliminate all existing drawbacks of this market for both players and affiliate partners via which gaming industry gets 80% of all its users today.

The very idea is really interesting. Since smart contracts can SECURE not only the transparency of all transactions conducted on the platform, but also ENSURE 100% fair drawings. Today it is fairness of drawings which serves a main advantage at the market with a volume of more than 500 bln dollars.

One of the most important problems for affiliate partners of any game resource is change in the conditions of accrual of commission fee for players attracted after the work is done, or even their cutoff for breach of any rules of cooperation.

Kibo smart contracts are initially programmed so that each owner of Kibo Lotto branch always remains an owner of the audience attracted by it to the platform and keeps getting its commission fee for every ticket sold in spite of everything.

In fact, KIBO enables launching one’s own lotto with unique advantages for every player, terms and profits of which are guaranteed by a smart contract. Obviously, it is a cherished dream of any affiliate partner.

Needless to say about advantages for a user: availability in any part of the world, absolute transparency and fairness of the game, and instant payments of any sums.

The question is not how essential these advantages are, but how to engage a big number of users to the platform.

This part of the project is of special interest. In October 2016, Kibo team held ICO within the frames of which, in spite of DoS-attack on Ethereum network, more than 3.5 mln dollars were attracted and more than 6,000 people from more than 50 countries of the world became owners of the platforms.

One of the main tasks of the ICO was to attract funds necessary for the implementation of a unique marketing strategy aimed at quick launching of KIBO at the international stage. Today these funds are in the open wallet and, due to the growth of ETH rate, funds collected already amount to 20 mln dollars. This money is necessary to form a prize fund and promotion unprecedented in its size even among the biggest international lotteries. The goal of the promotion is to quickly attract and familiarize millions of users with the advantages of the platform. Since today KIBO branches have partners from more than 50 countries of the world, its start is going to be very interesting.

Kibo is a platform for playing lotto in formats of the most popular national lotteries, including instant and daily drawings, interface of which will be available in 14 languages.

On May 12, the team’s blog [https://medium.com/@kiboproject] published a news that the platform has been launched in Ropsten test network and now it is at the test level in which more than 500 platform owners participate.

The whole development of the platform is organized in a closed regime, but, according to the team’s words, in the nearest future they will publish the result of the audit of platform contract code. You can see how the test is running at the address: [https://kibolotto.bet/] The page shows operations with tickets bought in a test network.

As the team say, the platform will not be launched in an open regime until a problem with Ethereum network scaling is settled, since the existing restrictions prevent from accepting all the users. But, possibly, this summer Kibo will be opened for 5,000 users who are already waiting for the platform launching.

We will keep following the events.

Images courtesy of Kibo

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Kvě 23

BitConnect Coin (BCC) Records 18x Value Increase, within 6 Months of ICO

· May 23, 2017 · 11:30 am

Cryptocurrency newbie BitConnect Coin recently announced an 18x increase in value within six months, following its ICO. Since the altcoin’s crowdsale in November 2016, BCC has risen from $0.5 to $9 per unit. BCC has followed a trajectory similar to that of Bitcoin over Q1 of 2017 which is expected to continue throughout the year.

Similar to Bitcoin and other leading cryptocurrencies such as Ethereum Classic, BCC has a limited supply of 28 million units, making it a deflationary currency. Should the demand continue to increases above current levels, the cryptocurrency’s price could soon test new heights as the year progresses.

The market currently accounts for around 6 million BitConnect Coins and has a strong investor community for a coin of its age. The market for BCC appears healthy in several Asian countries. The BitConnect development team holds an optimistic outlook towards the cryptocurrency, and they expect its popularity to rise in other equally large markets shortly.

BCC presently commands a market capitalization of $82 million, a valuation similar to that of other innovative alternative currencies such as LISK, Ardor, and Iconomi. The drastic increase in BCC’s price and market cap has attracted the attention of more traders in the last few months. The team is also receiving inquiries about the best BCC trading practices from new investors, which indicates the increasing interest among not just seasoned investors but newbies as well.

Based on BCC’s performance during the first two quarters, the months of May and June presents themselves as an optimal time period for Bitcoin investments, mainly because of: an explosive growth of the cryptocurrency market and the short-term downward trend in BCC.

Despite a fall in BCC’s value from April 1 till early May, the cryptocurrency has seen meteoric gains since its inception. A recent price bubble in the cryptocurrency market saw most altcoins drop substantially, including BCC. However, in no time, the price of BCC has already started to bounce back, preparing itself to retest the previous high of $15.

Images courtesy of Bitcoin PR Buzz

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