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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Dub 18

What is NAGA Coin (NGC)?

· April 18, 2018 · 5:00 pm

NAGA takes the stress and pain out of managing multiple investment accounts across a multitude of trading platforms by offering a base to meet every cryptocurrency investor’s needs – and it’s all powered by the NAGA COIN.

A Unified Platform

The way things stand today, banks and financial institutions around the world are in almost complete control of financial access – setting the rules and keeping things far from transparent. Because of this, the amount of liquidity present in the virtual marketplace is stymied, and there’s no unified interface providing access to cryptocurrency marketplaces.

However, NAGA – a German fintech company developed by the Naga Group – aims to establish a singular trading platform which will single-handedly facilitate the simple exchange of both stocks and digital assets in a secure and effective manner.

Powered by NGC

NAGA’s trading platform, as well as its overarching ecosystem, will be driven by the NAGA COIN (NGC).

The NAGA COIN is a decentralized cryptocurrency used for both trading and investing in financial markets, virtual goods, and other cryptocurrencies. Because it is used as a unit of account within the ecosystem, NGC is classified as a utility token. Read more about the utility structure of the token in the Medium article published in The NAGA COIN account.

NAGA Coin Ecosystem

All existing NGC tokens were created on the Ethereum blockchain and thus abide by the standard ERC20 protocol through smart contracts. The distribution phase of NGC has already completed, and 77,910,266.15769 NGC tokens were put into circulation. All unsold tokens were burned.

It is the creation of this decentralized cryptocurrency that helps solve issues related to high processing fees and transaction charges caused by unnecessary intermediary interference.

Everything that happens in NAGA’s ecosystem revolves around NGC. The token may be used to pay fees, act as collateral, and serve as the primary currency for all transactions – making it the main driver of the company’s sustainable economy in which demand is ever-increasing as more users, game publishers, and big-money financial institutions flock to the ecosystem.

As noted by the company, additional benefits of holding the NGC token include:

  • Reduced trading fees on NAGA TRADER, as well as on every asset using an NGC account. For example, NGC users will pay 50% less on trading commissions for each trade they perform on NAGA TRADER.
  • Cashback on a per-trade basis performed by NAGA TRADER using an NGC account.
  • Double crediting of copy bonuses on NAGA TRADER using an NGC account.
  • Lower trading fees for every asset listed on Switex.
  • Membership in the Switex Cashback Program.
  • Discounted purchase of ad credits for the Switex and NAGA TRADER AdManager.
  • Community status and free access to paid and premium content.
  • Users also benefit from the digital transformation of the largest industries in the world.

Of course, NGC is also seamlessly integrated into the NAGA WALLET, which affords users the ability to send and receive cryptocurrencies by just using a registered email address – thus eliminating the stress that comes with copying and pasting lengthy cryptographic addresses. NAGA WALLET also offers zero fees on internal transactions, an ICO hub, real-time updates on token prices, instant transactions, multi-currency support, and a built-in exchange.

If you would like to start investing in NAGA COIN, NGC trading pairs are currently being offered on HitBTC, OKEx, CobinHood, and Cryptology. You can also find out more about the cryptocurrency and its ecosystem on NAGA’s official website.

What do you think about NAGA and the NAGA COIN (NGC)? Are you interested in the project’s unified platform and singular cryptocurrency? Let us know in the comments below!

Images courtesy of NAGA

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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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Dub 08

Limited Edition Ethereum Pens: Cryptocurrency’s Second Ever IPO (Initial Pen Offering)

· April 8, 2018 · 3:30 pm

Did you miss out on Ancora’s first ever Initial Pen Offering (IPO)? Wish you could’ve gotten one of those fancy Bitcoin Pens at a 50 percent discount? Well, if that’s the case, you won’t want to miss out on the luxury pen maker’s second IPO — only this time, it’s for the Ethereum Pen!

A Class Above

Founded by Giuseppe Zanini in the first half of the last century, Italian luxury fountain pen crafter Ancora has defined what it means to write with elegance and class. The company has always taken a quality over quantity approach to their collectible pens. As such, Ancora is known for producing some of the most beautiful, well-crafted and luxurious pens on the face of the Earth.

The company has already successfully crafted and sold limited edition Bitcoin Pens via the world’s first ever Initial Pen Offering (IPO). Now, Ancora is ready to launch a second IPO — this time, for limited edition Ethereum Pens.

As was the case with the company’s Bitcoin Pens, Ancora will be offering a limited supply of 888 rollerball Ethereum Pens, and a mere 88 Ethereum Pens of the fountain variety. Each pen comes with a personal production number etched into the bottom, verifying authenticity. Unlike Ethereum, the maximum supply of Ethereum Pens will remain capped for all time.

Each pen is specially handcrafted by an expert artisan penmaker, resulting in quality vastly superior to those found pumped out by factories. Owning one of these pens is a signal of superior class and style.

A Class Above

The Second Ever Initial Pen Offering (IPO)

As was the case with the company’s Bitcoin Pens, Ancora is following the traditional ICO (Initial Coin Offering) format for the sale of their luxury cryptocurrency-themed pens.

The pre-production stage is set to begin on April 8 and end one month later on May 8. During this time, customers purchasing the Ethereum Pen will receive a 25 percent discount from the production stage — and a whopping 50 percent discount off the full retail price.

Following the pre-production stage will come the production stage which will run from May 12 until May 27. During this time, customers can purchase the limited edition pens at a 40 percent discount from their full retail price.

In addition, some of the Ethereum Pens being offered are exceptionally rare, with production numbers etched into the bottoms of those pens in genuine platinum, gold, and silver.  All of the Platinum, Gold, and Silver series pens come with a customized leather pen case. 

Of course, Ancora isn’t going to stop at just Bitcoin and Ethereum pens. The company currently runs a Telegram channel, in which users can vote for which cryptocurrency they’d like to see immortalized by pen next. Ethereum obviously won out during the last vote, but not too far behind were Bitcoin Cash, Ripple, and Cardano. 

Ancora’s limited edition pens are available for purchase with Bitcoin, Ethereum and fiat currencies. However, if you want one of the ultra-rare platinum, gold, or silver pens, you’ll need to pay with digital currency only. 

For more information about Ethereum Pens, please visit eth-pen.com. To learn more about Ancora, please go to ancora1919.com. 

For real — who doesn’t want one of these luxury cryptocurrency pens? If you missed out on the Bitcoin Pens IPO, don’t miss out on the Ethereum Pens IPO. Let us know what you think in the comments below!

Images courtesy of Ancora

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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

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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

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Bře 18

Gift Cards and Paxful Offer Economic Options to the Global Unbanked

· March 18, 2018 · 1:00 pm

The global unbanked have been frozen out of most economic ecosystems, but Paxful is changing this through the selling of gift cards on their cryptocurrency exchange.

The rich and elite have a lot of options when it comes to economic decisions. They can invest in gold, stocks, bonds, precious gems, artwork, real estate, automobiles, and cryptocurrency. The only snag they face is the wait to convert the value of one asset into another, but such a problem is a minor one indeed. By contrast, the unbanked are essentially locked out of most economic ecosystems due to having to physically hand over fiat for goods and services. Even getting involved in cryptocurrency is an issue for the unbanked, but Paxful is offering an unexpected gateway: gift cards.

Even Cryptocurrency Has Obstacles for the Unbanked

The number of individuals with a bank account has increased over the last few years, but the problems facing the unbanked and underbanked still exist. In the United States alone, there are 10 million households that are either underbanked or unbanked. Worldwide, the total number of the unbanked is two billion souls. As such, they do not have access to a financial institution in any manner.

As one can imagine, this puts severe limitations on an individual’s economic freedom. All transactions have to be made face-to-face and in cash. This situation puts the unbanked at the mercy of those who would economically exploit them as they have no other options. What good is it to know that an item costs 60% less online if you’re unable to purchase anything online?

Cryptocurrency is viewed as an outlet of economic freedom for people, but even this has some obstacles for the unbanked to face. Almost every cryptocurrency exchange requires the use of a financial account (checking account, debit card, credit card, etc.) as well as identifying documents in order to use it. The unbanked do not have access to these items, which means they would normally be locked out of engaging in the cryptocurrency sphere. Fortunately, Paxful is working hard to make a difference by offering the unbanked hundreds of options to engage in the virtual currency sphere without the need of a bank account.

iTunes gift cards

Gift Cards Offer Economic Access

The humble gift card that a person can buy at any small shop or gas station offers access to the global economy via cryptocurrency. Paxful hosts the fourth busiest Bitcoin wallet by volume, but their status is often ignored due to the low amount of their transactions. People aren’t normally sending hundreds or thousands of dollars per transaction on Paxful, but the p2p network embraces this reality as their goal is to offer an economic lifeline to the developing world.

The number one gift card used by the unbanked on Paxful is iTunes. Last week, a total of $6,635,517 was converted into cryptocurrency via iTunes gift cards, with an average transaction amount of $97. The second most traded card on the Paxful platform is the Amazon gift card. This card featured an average amount of $84 per transaction, and the total volume for the last week was almost $2.5 million. Rounding out the top five payment methods on Paxful are the eBay gift card, the Walmart gift card, and the Best Buy gift card.

Why does Paxful allow so many different gift cards to be used on their cryptocurrency exchange? The answer is that it fulfills their goal of offering economic choices and freedom to people throughout the world, especially in regions that often lack stable financial structures. An unbanked person can easily venture into the crypto sphere and take full advantage of the global economic system just by wandering into a corner store, buying a popular gift card, and then exchanging it on the Paxful platform.

gift cards

Keeping Opportunity Alive

Gift cards are the doorways to a new economic reality for millions and millions of people across the globe. This is why Paxful works hard to keep them available for conversion on the platform, despite any difficulties they may bring. A particular case is the iTunes gift card. This card chews up a lot of the support staff’s time due to some issues, but Paxful refuses to drop it. As Ray Youssef, the co-founder of Paxful, notes:

We are the only p2p crypto service that deals with iTunes gift cards, why? All the others stopped supporting them because of the absolutely massive headache and near impossibility of proving proper account balances on iTunes gift cards. We have chosen to keep iTunes gift card support because it is still how the unbanked of Africa get their bitcoins. We refuse to abandon these unbanked users as the whole idea of bitcoin and Paxful is to help them.

In the end, it’s often the little things in life that make a big difference. Such is the case with the humble gift card. Paxful allows the selling of such cards on their platform as a means of allowing those with no access to the global financial network a way in. Allowing the unbanked to retain their dignity while allowing them to explore financial opportunities is a tremendous gift.

What do you think about Paxful enabling the unbanked to use gift cards to access the cryptocurrency market? Let us know in the comments below.

Images courtesy of Flickr/@401(K) 2012, YouTube/@Paxful, Pixabay, and Flickr/@arvind grover.

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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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