In 2016, Visa made it known that they were making strides into its first B2B blockchain adoption. This was in the wake of institutions and big corporations moving into blockchain adoption and investments. When the
The Geco One platform generates synergies between the active parts of the market
A new trading platform for cryptographic assets will be launched in the coming weeks. Geco.one is aiming to be one of the complete platforms for digital trading. The competition is stiff, a technological sector that increases the benchmark continuously presenting advances every short space of time. Therefore, the trading platform presented by Geco One requires a special touch and first-rate features. A next-generation options menu will make it possible to trade inside PAMM services, futures trading, leverage, and both long and short positions from a single platform; offering control, simplicity, and diversity to the user.
In more detail, we can see that it has two types of user; Traders and Investors (traders and investors) will form part of an ecosystem of synergies that make it easier for untrained users to trade through the experience of professionals. This is a bridge between the experience of trading in markets, and liquidity waiting for sound investment advice or signal.
The platform allows you to invest safely in the cryptocurrencies and token market using the skills and knowledge of experienced traders. The innovative flagship service called PAMM trading account allows investing in pairs of cryptocurrencies or tokens by handing their resources to veteran traders and provides all the functions of the necessary tools to become a crypto trader yourself.
How does the user-side Geco.one PAMM process work?
The platform offers dual option registration. Therefore, when users register, there are two types of users:
Trader user, the 1st pillar to provide PAMM nexus. Trader account users are those who operate transparently and from whom monitored statistics are collected that reveal their success in trades and other statistics.
Investor user presents the other pillar of the users base. These are users who wish to invest in cryptocurrencies or tokens and lack the experience or time needed to study the markets and decide on trades. Users with investor account will be able to access Traders’ statistics and trade. This feature of the platform has been called PAMM.
This leads users to use Geco.one tool to analyze the failure and success history of any trader in a chosen period and a specific period. So investors keep total monitoring of the options to select and their statistics.
In short, users can choose the account of the most successful trader or with a tendency to invest in products they like; and promotes the option to fund their liquidity (the investing user) along with the trader’s trades. Also, you can always stop your investment, any time you have the will to liquidate the position.
Integration of stop-loss in the platform offering flexibility in operations
As previously reported, registered users as an investor can rely on professional traders to perform trades using their funds. This would involve a considerable counterparty risk complicated to counter without the option to trade with stop-loss. Geco.one protects users by offering integrated stop-loss.
These are orders that allow users to buy or sell when the market reaches a specified price known as ‘Stop Price.’ Such orders are traditionally used to protect profits, limit losses, or otherwise initiate new orders. A standard method is to set the Stop Loss on a moving average. In general, there is a diversity of trends and debates about the process of using Stop Loss in a trendline. This Stop Loss can also be moved following the moving average.
Consequently, users can trade using their ideas with a complete ecosystem of tools. If we add this to the monitoring and historical records of traders, the platform had to include among its options investments without time limit; and so it is, a complete ecosystem with flexibility coupled with Stop-Limit & Stop-Loss orders make Geco.one a comprehensive platform.
The third sales phase of the GEC token and two exchanges ready to roll
From the total supply of GEC tokens (250,000,000), we find that after the initial sale, an amount of 100,000,000 GEC will circulate. In the third sales phase of the token, we see data regarding the amount available for purchase, bonuses, and dates included for the period. From early July 10 (7:00 a.m. UTC) until the same time on July 14, users who purchase tokens during the third sales session will enjoy a reference bonus of 3%. For that period, the available GEC tokens are 3,000,000 for 0.00006 BTC.
Also, a few days ago, the booming exchange LATOKEN announced the listing for the upcoming dates. The announcement began like this:
Geco.one (GEC) listed on LATOKEN soon!
Please wait for further announcements.
Source: (LATOKEN Zendesk).
During the two previous sales phases, the available quantity was also 3,000,000 per period. The Geco.one team established the following distribution parameters on which the initial event is based.
Users who want to purchase tokens during the first half of July can count on the proven services of LATOKEN (as noted above) and Coineal exchanges. From Coineal’s website it was communicated by the following statement pointing out the addition to its Launchpad:
We are excited to announce that a presale for GEC (GECOIN) will take place on Coineal Launchpad starting at 7:00 July 1 and ending on 7:00 July 14 (UTC).
The adoption of new technologies is promoting the trade of crypto
Globalization has brought an unprecedented connection between parties. Borders are left behind when it comes to trading, making deals, and selling between peers. With the increasing relationships between individuals, an explosion of markets emerges hand in hand with chains of blocks. A cascade of innovation and development that provides advances and synergies not experienced before.
The era of Big Data and e-commerce has led to the need for digital currencies and tokens facilitating a vibrant and fast-growing ecosystem to be part of through the platform we have described today.
For more information and project details, we recommend the official links provided below.
Web – Geco.one
Whitepaper – https://geco.one/static/files/whitepaper.pdf
Medium official – https://email@example.com
Telegram – https://t.me/joinchat/J1ay7UjdQZcuAXyr2OpWnQ
YouTube – https://youtu.be/bKjia8R_o9g
Twitter – https://twitter.com/GecoOne
Today, we are presenting a project that will have an important impact, the launch of a token linked to gold mining rights. A talented team, with decades of successful entrepreneurial activities and hard work, presents the revolutionary TrueGoldCoin token.
A project based on more than 30 years of experience at the highest level. Innovation in networks and telecommunications, Artificial intelligence, ISP management, design and configuration. The founders of the TrueGoldCoin project offer an unique token, mixing solid commodity mining titles with the versatility of blockchain technology. As you begin to read the whitepaper, you can glimpse the direction of the documents and project. On the home page, we find the following statement:
“Back to the Coin Roots.”
It is well known in the industry that state currencies (or commonly referred to as Fiat) historically lose all or almost all of their initial value. In the ’70s a decision changed the rules of the game; the United States decided to unlink the US dollar from the gold standard. Since then, the value of the currency against the precious metal has been eroding.
The TrueGoldCoin Token is an ERC standard (in the Ethereum Network) promoted and backed by more than 1,800 hectares of gold mining rights. Titles of more than 1,800 hectares of mining rights make the token attractive to all types of investors. The attraction is patent, both those who seek to speculate in the market, as well as those who wish to acquire positions in the precious metal market and benefit from it’s value gain. TrueGoldCoin issues a special token, backed entirely by proven and probable gold reserves, offering confidence and leaving empty promises for other projects.
Added to the classic governance features offered by tokens in public, decentralized and immutable blockchain networks… is added a clear demonstration of commitment and commitment to stability. Prestigious collaborations with NASA dispel any doubt about the capacity of the TrueGoldCoin team. We find a solid “golden rule” in the founding technical document:
“We will never issue more than 10% of the calculated value of our gold reserves.”
The TrueGoldCoin Team
As far as backup is concerned, it must go through due scrutiny. Obviously the words are windy and in order to be considered a reliable and proven backup, a verification process is completed. To calculate its value, you will find below some reference data extracted from the TGC documentation and/or its white paper.
Gold reaches 100% of its value when deposited in a bank or a certified depository institution as a final refined product. While the deposited gold is valued at 100%, it is valued at an oscillation between 60% and 99% of the value when it has been extracted in the mine and goes through the whole process of transport, smelting, refining, and exporting it. So it is priced at a value of 10% when it has not yet been extracted (as is the case with TGC).
In short, once we understand the process in which the mines are and where the exploitation is, we analyze the initial offer of the supported token.
The balance is crucial, the block chain technology provides global access to the network. However, it could be a problem to liquidate its position if the token fork is too far away from the physical backup. At other times, a gold-backed token could become a headache when it comes to liquidating holdings. In this sense, the TGC team shows the maturity and commitment of veterans in the management of technology, assets and/or properties.
TGC is also backed by real cash. This has surprised us as a detail worth mentioning. We find the following statements from one of the founders Enrique Pallares at icoholder.com:
“True Gold Coin is not just an initial offer (ICO), or an ICO backed on an asset, or a simple AltCoin that was launched to satisfy the moment. NO, TGC is also backed by real cash to make sure that any TGC holder who wants to exchange their tokens for FIAT, the money will be available in the treasury to do so.”
Offering this type of dual support, linking hundreds of hectares for mining, and the possibility of liquidating the position in cash… shows a clear concern for the role of the investor. Such initiatives reduce counterparty risk and encourage both supply and demand. A clear example of this is the statement of the experienced CEO E. Pallares:
“Exchanges are available, but in building the ecosystem for TGC payments, we need our tokens to be exchangeable for any currency at any time.”
Occasionally, some crypto coins have experienced the so-called “flash crash”. Instants in which the selling power of the market surpasses the demand of the counterparty. These situations lead to instability and distrust in the market so TGC shows a clear commitment to the token in the long term.
Web – Truegoldcoin.com
Facebook – facebook.com/TrueGoldCoin
Acquire TGC tokens – https://karsha.biz/token/157
ConsenSys Ventures had earlier on April 1st released a press release concerning several blockchain start-up projects they intended to back for the year 2019, through their accelerator program Tachyon; which was launched in Berlin at the German Bundestag. Among those projects is LawCoin, which is the world’s first litigation finance investments and social justice crowd funding. LawCoin’s target market is high value lawsuits and legal claims.
Tachyon works to provide blockchain based solutions in many different sectors among them healthcare, software and technology, micro insurance, decentralized finance and many more. At the time of the conference, LawCoin founders Noah Axler and Marc Goldich stated that by having LawCoin incorporated into ConsenSys ecosystem will increase its growth and facilitate the utilization of blockchain technology into unlocking liquidity and financial investments in the litigation industry. By applying blockchain technology and crowd funding principles to litigation finance, LawCoin will allow investors to champion legal causes and profit in the event of victorious outcomes. So I guess it’s a form of a gamble of sorts but still worthwhile.
How does litigation investment work?
Say you suffer something like an adverse effects from a product that was recommended to you, say for example a brand of sunscreen that causes you to launch a lawsuit against the company producing the sunscreen. It is a worthwhile issue but it will take time and lawyers need to be paid and they will bill you for all the work they do on your case and the longer it takes the more money you will cough out.
The same goes for class action lawsuits, say for instance if other people as well got affected by the sunscreen and are suing. So here is where LawCoin comes in, you get an investor, who helps you out with the legal fees for the duration of the lawsuit and in exchange, the investor gets a piece of the final settlement at the conclusion of the case. Keep in mind that for the example given above, it is a lawsuit most likely to turn to the favor of the complainant.
Why this idea is even floated is because lawyers make a hell of a lot of money in litigation. It is a business first and justice second because if you cannot pay your lawyer you will have to contend with not having your lawsuit going anywhere unless you come up with the money. Niche alert! Cases such as medical malpractice, personal industrial injury, and investment lawsuits take months if not years, especially where the defendants are big corporations and government institutions and attract heavy settlements which makes good investment opportunities for investors.
According to Marc Goldich, litigation financing is the most forward invention in the legal sector. One major weakness in the new industry is that investments for high cost litigation only makes room for specific heavy hitting investors. Another fact is that once you invest in a particular lawsuit, you are stuck with it until its conclusion, which might take long.
Working Logic: Initial Lawsuit Offerings
In 2017, there was an article that did not receive as much recognition as it should have pointing towards the future of using crowd funding to launch and execute litigation in the future should blockchain technology and cryptocurrency gain traction to that extent. The only hurdle they fore saw in the implementation of crowd funding in litigation pertained to regulation. Reference was made to one milestone case of a property lawsuit against the West Bromwich Building Society which was a public interest litigation. In the matter, the funds for the lawsuit were sourced on an online platform CrowdJustice that brings people together so that they can cost share the expenses of a lawsuit.
At the time the article was posted, the notion was that just as the same way that aggrieved parties came together and came up with the money that was needed to successfully launch the case, cryptocurrencies as well can play the same role in executing cases that require huge sums of money to process, especially over a prolonged period of time; in the sense that they are practically buying a share in the proceeds of the outcome.
LawCoin hopes to achieve a working mechanism where investors purchase ‘security tokens’ which represent only a fraction of the lawsuit and in some sort make the funder a third party (although the courts will have discretion as to how far the involvement of an investor only in the interest of justice and not necessarily profit is concerned). According to Goldich, in the future, investors will even be able to trade their lawsuit tokens and the platform will work towards providing a nondisclosure agreement and proceed to allow investors to follow proceedings.
There are still questions as to how far this idea with tokenizing litigation can go. One of them being the amount of control that can be exercised by the parties to a lawsuit. If for instance, a matter is concluded and the aggrieved party does not get the amount of settlement that they hoped for or in the event that the claimant opts to take an out of court settlement, the investors stand to lose out.
What are your thoughts?
Cryptocurrency Exchange has been accused by the Attorney General’s office in New York of hiding an $850 million loss by covering it up with Tether funds. The AG, Leticia James stated that the exchange had transferred the amount to a Panamanian firm Crypto Capital Corp, which subsequently lost all the funds. In a further statement to the effect of the lawsuit, the AG said that the company was in contravention of the law in connection to activities that could have potentially defrauded the New-York based crypto investors.
The loss was not communicated to investors and the judicial office was of the opinion that it was their duty to protect investors (both individual and corporate) since the operators of the Bitfinex trading platform that also controls the Tether virtual currency. In the second quarter Q2 of 2018, the exchange was unable to process withdrawals and officials were accused of fraudulently transferring funds that could have mitigated the risk of such an event onto Tether’s balance sheet and still carried on representing that the Tether units were fully backed by US dollars, which was not the case. At the time, a good number of customers had launched complaints with the exchange demanding to know why their withdrawals were taking so long to process, to the effect in which Bitfinex released a statement that they were working to implement an efficient system to be able to process all the transaction quicker and more effectively.
Bitfinex however, refuted the claims by the AG’s office and stated that they were instituted in bad faith and false assertions. In the face of the lawsuit, the court ordered the exchange to stop all dissipation of US dollars backing the Tether tokens and to provide all documentation that is required for the investigation. Officials at Bitfinex released a statement committing to this issue being resolved as soon as possible and assured their users that there was nothing to worry about.
The company gave a vague answer however as to what exactly happened to the funds in question after saying that the amounts of crypto in question have just been ‘seized and safeguarded’ and did not provide the identity of who did the seizing and safeguarding.
It is worth noting however that the exchange moved $89 million worth of Bitcoin and $96 million worth of Ethereum from its cold wallets in the past few days. This worries crypto users who have accounts with the exchange as they are not sure how badly the trading volume will be affected, or if Bitfinex will be able to repay the loans. Maybe this is what prompted the subpoena from US regulators to have an unofficial audit of both the exchange and Tether, since they are both independent entities to ascertain if they had adequate dollar backing.
In the event that customers lose confidence in the stable coin it will inevitable affect the price of Bitcoin as well. Former Wall Street analyst Tony Vays, stated that if Tether blows up, it could potentially cause a short term panic in the crypto sphere and cause customers to resort to quickly offloading their Tether reserves and leave the exchange. As it is, Tether market cap has dropped by 1.69% in the past 24 hours.
DexAge decentralized marketplace and global adoption
The DexAge decentralized exchange is a new autonomous and self-sustainable system, fueled by the social connection between traders and investors who use the platform. DexAge’s trading model capitalizes the power of users and channels it creating feedback synergies. The DXG platform combined with its dApp makes it possible to run in a decentralized framework; an approach that is gaining followers in the community. An online environment designed to enable several functions as described below. Operators, users, and investors find a new competitor in which to exchange and lend cryptographic assets.
Also, it offers an interface enriched with other nuances to enhance the use of decentralized wallets in day-to-day operations. No need for multiple registrations, or cede personal data to various third-party organizations. This is one of the premises that DexAge fulfills. In the ecosystem and through dApp, users can communicate and share their ideas. Or perhaps, share knowledge by chatting with each other before closing a business transaction.
The cases of use are multiple, in an increasingly digitized global environment in which companies and people interact with each other. A daily example is meetings, webinars, and talks through other well-known applications. Whether decentralized or centralized. The single, centralized authority model that controls the entire system has become obsolete. Since the founding team of DexAge, this sentence has been assumed, and power is given to the shareholders of DexAge. This kind of decentralization of power makes them the primary force influencing growth and development. You can join the telegram community at the following link.
DEXAGE DEX TELEGRAM Original Source – https://dexage.io/ico/images/usp-dex.png
The platform that will power the DXG token offers a full range of P2P functions
Asset escrow is a hot topic in the blockchain ecosystem throughout 2018 and what we carry from 2019. Even Vitalik Buterin stated without hesitation his inclination for DEX exchanges as the way forward. Centralized exchanges are bright in the dark for cyber bandits. Unlike their decentralized counterparts, exchanges with a single manager and incidences tend to be the chosen victim. On the other hand, decentralized exchanges are not perfect.
However, they avoid being an easy target. In a menu combining decentralised deposit services, p2p chat, and DEX, commissions are reduced to a minimum. This saving, compared to traditional loan systems, will generate economic equity. The elimination of such costs without intermediaries encourages all parties to feed liquidity and demand loans 100% crypto. The platform, led by Preciuous Kenneth W. and Suano Neenwi, joins the list of emerging companies in the Blockchain sector. The characteristics described in the documentation go beyond the conventional trade of a centralized cryptocurrency exchange.
Trading in the traditional way will be the primary function. However, a few implementations added by the development team will facilitate the exchange through custody between peers; decentralizing each feature. It will also show that escrow trading (Mainnet) will be launched in the second week of May, while other DexAge projects will follow the initial suite later.
The initial offer of the DXG token offers several alternatives for its acquisition
For those interested in participating in the initial sale of DXG there are multiple avenues. The fixed value for the Token is $0.01, so the opportunity to join with the 1000% discount is attractive. During the writing and publication of the article, it is sold at $0.001 (US Dollar – USD). Once the initial offer is finalized and all launch requirements have been adjusted, activities begin. The DXG token will start shooting in the second quarter of the year a few weeks before the platform is released. It can be seen on its roadmap, which are the first two priorities for the year 2019 full of expectations.
Global tokenization continues, replicating every trade-related aspect. The blockchain ecosystem weaves new commercial networks without intermediaries, new p2p networks. In a progressive but evident transition, we observe as entrepreneurial initiatives, of community nature, anticipate habitual giants of the market.
OFFICIAL DXG LINKS
P2P Lending Marketplace.
Transactions carried out on the decentralized platform, whether for trading or lending, have been designed to be coordinated by decentralized deposit services. This point is developed based on secure, intelligent contracts in the blockchain. For information on this point, we recommend reading the White Paper carefully.
Through the use of referral schemes, staking, voting rights, and portfolio diversification, the platform will empower its stakeholders and lead to its mass adoption.
The loan market is expected to generate several benefits; in principle, it encourages keeping tokens in stakeholder ownership. This movement creates temporary scarcity by temporarily removing them from circulation. On the other hand, the demand for credit generates cases of use and application of the platform token. This creates a speed of money that is expected to enjoy an excellent performance while waiting for feedback and solve small errors.
Soon more exchanges will list DXG adding value, liquidity, and ease of access to the token
Duly audited smart contracts will coordinate decentralised warehousing services. Via Smart contract, robust centralized networks such as Ethereum, offer a precious quality; 24/7 functionality and rigid compliance with agreed sentences. At the same time, automation with code requires an unpolluted system, adequately audited and carefully tested.
Since the core team of DexAge has confirmed the agreement for the listing in LAtoken. So after the sales and finished the Bounty/Airdrop deals of the DXG token will be negotiated in LAtoken. In addition to LAtoken and Bitcratic (DEX), it is progressing that negotiations are currently underway with other exchanges/bags for the upcoming listing of the DXG token.
Documents and more details at the links below
Mining is a fundamental part of the blockchain for any crypto whether PoW or PoS, even other more recent algorithms such as PoE or PoP; some tokens starts pre-mined at 50% or even 100% of the available supply. However, most work running on blockchains with some of the existing mining algorithms; as is the case with Ethereum. The miners who support the network as the basis of the decentralization model become centralized as the increasing cost of start to operate.
To change the course of events, MinedBlock has designed an equitable model for investors. Several mining ICOs have been carried out during 2017 and 2018, sometimes offering a portion of the mining revenues in exchange for investment. However, making the initial sale without registering a regulated security token resulted in fatal outcomes. Mismanagement from the earliest days can erode even the most successful project, increasing the risk of failure for founders and investors. MinedBlock presents a mining operation focused on mining as a service, and the MBTX token is part of the equation.
The foundational core of the mining operations center that will conduct mining as a service
To house the project, a dedicated mining facility will be created that will focus on extracting multiple coins from the top 50 by market capitalization to ensure a wide range of revenue streams for customers to benefit from. Through the proposed large-scale operation, we will help improve currency decentralization where large groups of currencies already dominate the hash rates of popular coins. From the outset, there is an indication of a level of decentralization within the territories themselves, through the global distribution of mining data centers.
The founders, Greg Wales (CEO) & Paul Bishop (COO), with Matthew Ruff (CSO); identify and manage the risks associated with the company’s code of ethics. They are also responsible for catalyzing projects to take advantage of business opportunities with impact. In short, the goal proposed by the founders, oriented towards mining as a service, will challenge the usual difficulties of cloud mining services through a process based on STO, transparency and equal participation.
The solution to the Uncertainty of “Cloud Mining” and Other Services with MBTX
MinedBlock is running a Security Token Offering using Polymath ST20 fully compliant tokens. This configuration allows them to raise funds to speed up the process described in the roadmap in an automated way focusing on the most critical aspects. In this way, it accelerates the management process on the part of the core team. A large-scale mining operation without the need to purchase, configure and maintain mining equipment and set in a transparent environment. For this, the MBTX security token will feed a feedback ecosystem, generating an ecosystem with the premise of keeping mining as a service.
MinedBlock says that it will offer a fully managed mining service, in which it will be possible to count on specialists to take care of the equipment. Maintenance and upgrades are vital to ensure efficiency and profitability remains at its best. It is an essential detail in an environment that neither sleeps nor rests; the aspect of working with maximum productivity without downtime makes all the difference. Miners process calculations 24 hours a day, seven days a week, which is why a mining facility requires attention, maintenance, and repairs.
Details of the STO event around the MBTX security token
MinedBlock Holding Limited will own 75% of the total Mining Service of which shareholders will own 95%. MinedBlock Limited will own the remaining 5% and will own 25% of the Mining Service. Also, it will use mine revenues to grow the service to increase revenues. Participants in the sale of security tokens will be required to pass the KYC controls through the Minedblock.io website to enable inclusion in the white list by a smart contract.
Documentation and transparency as an anti-fraud filter.
To satisfy the requirements of the U.S. Securities and Exchange Commission (SEC), U.S. investors will have to qualify as Accredited Investors. We strongly recommend that you read the presentation document to understand the details, requirements, and risks associated with investments in cryptocurrencies and mining operations. A minimum target (SoftCap) of $1,000,000 has been set for the project to be established.
Valuation of the investor’s commitment.
MinedBlock are charging a nominal fee for the KYC process, which avoids fraudulent users posing as investors… each user who completes the KYC process will be credited with the equivalent number of MBTX tokens of the costs. In this process, the MBTX token will be delivered in proportion to the cost of the KYC process, at a discounted value of $0.075 each. This ensures that only participants who want to go through the process are taken seriously, reducing unnecessary costs for launching the company’s operations.
Characteristics of services that can make the difference from mining as a service.
To be a reality as a sector, mining services must not be different from other conventional services. Professionalism, transparency, immediate attention to the client/investor. These are details that make a difference. In this way, the sector shows a significant change with audited projects, registered as a security and complying with regulations. The services mentioned in the Minedblock documentation mention the following characteristics. With MinedBlock, it is not necessary to decide which currency or token you want to extract. MinedBlock counts on exploiting a variety of cryptocurrencies in favour of portfolio diversification. Such decisions make it easier to get proper distribution and maximize profitability.
About the hardware that is planned to be hosted in the facilities
As we find in the documentation, MinedBlock will use a mixture of ASIC units along with GPU (Mining Rigs) based equipment. The initial plan is to divide the investment among the following material, pending new releases from manufacturers:
Bitmain Antminer S15 and S17 – BTC Mining
Custom Built GPU Mining Rigs – ETH & alt coin mining
Host services at MinedBlock will use fully secure data centers.
The cryptocurrencies or tokens obtained from mining operations shall be kept in cold storage. This method is commonly used for exchanges and other services, driving away attackers on most things. Remember that cold storage is fully encrypted until it is time to make use of such cryptocurrencies or tokens.
Professionalism and transparency in the administration.
With the platform, it is intended that users/investors save time and effort. In the blockchain sector, we find thousands of crypto coins or tokens; this means that only experts can configure equipment for any mining process. Expert process management sets and maintains mining equipment. This zero-configuration process opens the door to users who do not have extensive knowledge. No client configuration is required. Careful management can successfully save high operating costs.
Interesting Links and Social Networks from MinedBlock
Web – https://www.minedblock.io/
STO Info – https://www.minedblock.io/assets/stoinfo.pdf
Facebook – https://www.facebook.com/MinedBlock/
Twitter – https://twitter.com/mined_block
Reddit – https://www.reddit.com/r/MinedBlock
Telegram – https://t.me/minedblockofficial
The privacy of digital data on the global network finds a new competitor in the crypto universe. From the outset, the team of P2P Solutions Foundation points out a clear global problem; anything that is digitally exchanged with anyone, anywhere, is not protected by any privacy standard. Including information exchanged on corporate networks (private intranets). Right now the vast majority of Internet and Intranet activity is constantly monitored. At certain bottlenecks, the tracked information may be sensitive to the parties. In this way, new models are needed in which the activity is properly protected.
P2P Solutions Foundation presents a data management model that respects the privacy of all parties, including users seeking to store sensitive data or to exchange it with another entity or person. In most recent years, there have been several huge data breaches. In other words, giants such as Facebook or Coinbase have recognized problems in data management. Data that ends up in the hands of third parties without user’s knowledge. In some cases, they are intentional sales. Therefore, a reliable, committed and impartial infrastructure is needed.
The innovatively engineered ecosystem provides a secure platform whereby users can exchange confidential digital files or assets. This process is completed without any interference from third parties; not even a network or system administrator. So, P2PS is a peer-to-peer platform that protects data without compromising parties. Therefore, it facilitates confidentiality to users without advanced knowledge of cryptography. At the same time, it is not limited to one function. But it can also protect, for example, your medical records, banking information, and other sensitive digital assets, during the exchange between two parties. These platforms today are simply inexistent.
This does not happen overnight, the ability to assert such solidity has its roots; an experienced group has focused on build a system for the people to exchange confidential and digital assets without third-party interference. Leading the project is Jameel A. Shariff (CEO and Board member); he is a third-generation entrepreneur and visionary, with advanced degrees from European and American educational institutions. Four years of U.S. Bachelor of Science in Business Administration (BSBM), and Master of Business Administration (MBA) in Business Administration, also from the U.S. Both BSBM and MBA were awarded to Jameel with the highest honor and distinction of “Summa Cum Laude”.
On the board we find an experienced team with Ian Scarffe as business ambassador; Ian is a renowned leading expert in the Bitcoin, Blockchain and Crypto industries, Top advisor #1 at ICObench. David Drake , founder and president of LDJCapital. Sydney Ifergan , an experienced Top Advisor #10 at ICObench as a member of the advisory board. Ken Tachibana, technical and Financial Specialist PLUS Advisor on the Advisory Board of P2P Solutions Foundation. These details are reasons of great weight, the team starts from a proven base, personalities with extensive careers, solvency, and commitment entrenched in the sector.
As a result, the P2P Solutions Foundation has received outstanding ratings from many of the leading crypto space review and evaluation sites. 5.0 in TrackICO, 4.9 in ICOBench and 4.31 in ICO Market Data. However, it is not only due to the solid team. The biggest concern of any CEO or CIO who runs a company with confidential digital transactions today is the high cost of data security. Today, cyber security breaches around the world have an enormous associated cost; it rises to hundreds of billions annually. Let’s get into the details of the platform.
The privacy of digital data is an approach with an upward trend; the concern at digital communities is proven. That’s why we consider the P2P Solutions Foundation perspective especially interesting. The fact of offering an ecosystem in which to safeguard information is needed for all kinds of people. Journalists who need to save their person or sources, governments with little infrastructure in cybersecurity and digital data management… the use cases run into thousands. Although diversity and healthy competition are necessary, this new competitor joins the existing choices of security but has positioned itself uniquely from the privacy angle.
With a solid pre-existing infrastructure, P2PS begins its journey in cryptospace. It’s the essence of operating digitally without a 3rd party or even an administrator; users get a platform where all interactions and transactions are completely safe, fast and confidential. One detail to consider is the alternative proposed to traditional centralized models. This includes a wide range of potential users ranging from lawyers to multinational companies in traditional industry sectors. Secure digitization has come from P2P Solutions. The corporative world includes billions of user accounts in a total sum of sensitive data collected.
This means an infinite number of attack vectors to privacy and confidentiality. For this reason, simple and consistent models are needed in a global economy. P2PS transfers the power of the most professional encryption to a simple user interface. Providing a fully operational platform from the first day. Once the management of confidential data is secured, the user must ensure that it is stored securely; another strength of P2PS. The platform doesn’t host a whole bunch of extravagant or unnecessary features, it’s about privacy and the responsible team prides itself in being extremely good at it. Recent cases of hacking and data breaches attest to the fundamental importance of a safe software and ecosystem. Both call for such characteristics and boost the estimated potential value of the P2PS token.
The P2PS token has been designed under the Ethereum network compatible standard. This significantly facilitates the token’s interoperability. It is also compatible with a huge range of developments based on the Ethereum network (like exchanges or dApps). After purchasing the P2PS tokens, the user in question can deposit them in a wallet compatible with standard ERC20 tokens. Including obviously the most adopted by the community such as MyEtherWallet, MetaMask, Mist, Parity, Imtoken, and so on.
The ICO event of the P2PS token takes place gradually until the hard cap is achieved. During the ICO process (already active) and its phases, the maximum collection (hard cap) is 136,000 Eth; or approximately $50 million at an average of $370 for each Ether. Considering the tokens that are given as a bonus to an average of 20% from the 50 million P2PS tokens. The Soft Cap is equivalent to $750000 (read the Pre-ICO & ICO FAQ section on the web).
As is well indicated in the documentation, the market study before the launch of the ICO suggests a positive framework. The diversified focus on three kinds of audiences generates synergies, fuelling the demand of tokens. The traditional audiences of the blockchain sector, traditional institutions seeking to digitize their systems with high technology and e-commerce places. P2PS must increase its value due to various traders, service providers and markets in countries around the world that adopt the P2PS ecosystem. Largely due to its multilingual interface, fast, easy to use & intuitive to user behavior. This means comfort, ease of use, safety, confidentiality… and many other useful features.
Many of the features mentioned are essential for the next wave of global adoption. The ISI Group Consortium is appreciated as a sponsor on the website and documentation. ISI Group is composed of multinational corporations involved in unique and innovative solutions. This is very useful for governments, education, banking, telecoms, IT, IoT and other industries. Digital file management requires first-rate infrastructure at all scales, seriousness and first level commitment. The funds raised during the token sale period (pre-ICO & ICO phases) will be used according to the described plan, which will also increase the value of P2PS.
Digital Asset Financial Exchange is a Chinese cryptocurrency exchange with its headquarters in Singapore. The exchange is owned by the company DigiFinex Ltd which is incorporated in Seychelles and exclusively caters to the Asian market. The exchange has risen to the radar of the online cryptocurrency community due to its heavy trading volumes that exceed $400 million daily, coming into stiff competition with Binance, which has dominated the exchange market for a while now.
This is no mean feat considering that there are over 500 active crypto exchanges worldwide with a user base of more than 34 million crypto wallet holders. DigiFinex was incorporated in 2017 and have astonishingly managed to establish themselves as a trusted digital exchange. Apart from trading their own coin, DigiFinex coin, DFT, the exchange provides trading services for many blockchain based assets, including recently launched Gemini dollar.
The DFT token is an ERC-20 token based on Ethereum smart contract system, with a liquidity value of $2.1 billion according to CoinMarketCap. One of the reasons why the volume on this platform is so high is that the company’s client base is strictly in Asia, which contributes to the bulk of daily cryptocurrency and digital asset trading more than anywhere else in the world. DigiFinex has a special quality in that its customer protection is its paramount selling point.
Annual audits are conducted by investors, in addition to the fact that the exchange company is one of the few that are SOA audit certified. So far, the company is yet to be subjected to a single security breach event. DigiFinex founder Ned Kee also stated that the company does not delve its resources into marketing but instead the bulk of their budget is spent on security and performing identity verification according to KYC requirements.
This is not only towards their clients but also their listing policy is very strict for interested parties that intend to list their projects on DigiFinex. The potential projects undergo a vigorous verification process which is then submitted for voting and cooperating. In a nutshell, the voting process is based on the volumes of the proposed token to be listed. As such, the token is run for a five day trial and if the trading volume drops below 200,000 CNY per day, it is promptly delisted. This policy is also applied to assets that have lost 90% of their initial valuation.
Another feature of the exchange platform is its real time accounting and transaction processing service. This is the case for single wallet users or multi-layer wallet holders, which is enviable considering the collective different signature addresses. It is probably for this reason that their trading costs are a little friendlier than most crypto exchanges. It charges a standard fee of 0.20% competing with the 0.25% industry average. On Binance, there is a 25% on all fees paid in the DFT token.
DigiFinex also provides a reward system for trading with their native DFT token. Rewards can be obtained when a user locks the tokens and completes specific trading amounts. It also supports 149 trading pairs like BTC/USDT, BCH/USDT, LTC/USDT, ETH/USDT and many more. The trading model is very similar to that displayed on Binance, including the rewards system which depends on the volume of trading accumulated between makers and takers over a 30 day period.
In 2018, the company launched a limited period DFT mining exercise that lasted from April to August 21st. the mining exercise practically catapulted the company from 50th position to 11th in a few months. The reason they halted mining was so as to prevent an overflow of DFT which would lead to a decrease in value, which was a smart move in my opinion.
However, the exchange is not all rosy as there are a few limitations that I need to point out:
What are your thoughts?
Remember the news that beguiled cryptocurrency exchange company, QuadrigaCX CEO Gerald Cotten died, and took the whereabouts of more than $135 million with him to his supposed grave leaving thousands of its account holders without a way to recover their coins? The story made headlines of ridiculous proportions and raised too many questions regarding regulation and trust issues as far as cryptocurrency exchanges are operated, one of them being how one individual could be the sole custodian of important access logins and passwords.
When his wife swore an affidavit, she claimed that her deceased husband had all the logins and passwords to thousands of accounts encoded into his computer that could access millions of dollars in a curious case of being overly cautious about security issues after major attacks were launched against cryptocurrencies last year. It became very frustrating when even forensic experts were faced with limited access when they tried to decrypt the computer which severely compromised the company’s access to currency.
Needless to say that the news did not sit well with its thousands of its wallet holders who decried the exchange as a scam due to the unbelievable circumstances. Most crypto community members even questioned if the CEO was dead and called for class action lawsuits against the exchange, prompting the directors to issue a statement on January 31st. The statement alluded that the company was looking to the Nova Scotia court for creditor protection as they try to address the liquidity challenge and serve their customers. As at time of post, these efforts are still unsuccessful.
In the wake of the above events, Gemini founders, the Winklevoss twins have embarked on a campaign to call for regulation and review of the trust issues surrounding cryptocurrencies to avoid a situation such as that suffered by QuadrigaCX. They warned that in such a quickly evolving technology, users will keep losing vast amounts of investment due to lax and slow progress towards regulation.
At the same time, the advocated for their own crypto exchange company saying that the company is more user friendly and offers multi-level security account protection services, especially one major characteristic of blockchain technology is eliminating the third party trustees. Their case is not unfounded as the company is fully registered, compliant and as at the time of launch five years ago, they had the highest levels of reserves, which was a complete opposite from all other exchanges that followed the Bitcoin blueprint.
Here is why the Winklevoss twins are confident that their crypto exchange is a better fit:
The Winklevoss brothers in a statement yesterday said that regulation and security procedures will also allow the price of cryptocurrencies like Bitcoin and Ethereum, the top coins by market cap to increase. Kindly note that this article is not conclusive but due diligence is recommended for our subscribers before they can invest their money with Gemini.
Fidelity Digital Launches Digital Assets Trading
Fidelity Investments has been making plans to roll out a crypto asset platform to include trading for the top cryptocurrencies. In October, the company had said that it would be launching a separate company called Fidelity Digital Asset Services. Head of Fidelity Digital Assets, Tom Jessop had earlier stated that the company was taking a customer driven approach since the larger component of their client base were interested in Bitcoin and Ethereum trading as the two cryptocurrencies currently dominate market cap.
The platform was to be rolled out in March of 2019 but as the time of post we still do not have concrete news. Updates will be put up as soon as the platform is launched. The company already had a digital assets LLC and the question was only if the company would include cryptocurrency trading onto their business, and they wanted to provide a trusted service platform for their clients.
Morgan Creek Institutional Funding
Last month Morgan Creek announced that it had gotten funding for $40 million for a venture capital that they intend to invest in blockchain start-ups. What caught the attention of the crypto community was the big names of the investors that came up with the figure. They turned out to be Virginia State Police and public employee retirement funds. The other investors include a university, insurance company, a hospital system and a foundation.
The investors actually control assets in the figures of billions of dollars and $40 million may not seem much but it is astride in the right direction if institutions are willing to bet on blockchain and cryptocurrency trading. One of the partners at Morgan Creek, Anthony Pompliano addressed the issue and stated that the company may not be able to hold large amounts of cryptocurrency, but will look into taking early equity positions in blockchain start-ups.
Venture capital investment is very risky as most of these start-ups generally fail but his argument is that blockchain technology is evolving and being talked about everywhere in the financial sector. He argues that even if it could take years, the investment will definitely pay off. Having institutional money invested into crypto is a huge win even though it may not play a role in affecting the prices of cryptocurrency, it healthy for the crypto economy.
Social media company, Facebook will not be left behind in the mad rush for digital tokens between the internet’s messaging applications. As of December, the news was out that Facebook would first take its focus into the Indian market. The transfer of funds will be done through Whatsapp which Facebook acquired in 2014. The reason the focus is pegged on India is because the country has the highest remittance market as well as a very large number of Whatsapp users of over 200 million.
Facebook had set up its blockchain team last year after publicly advertising positions they intended to hire in software engineering, marketing and data science to further their agenda. In early January, Facebook acquired the team from London’s Chainspace and proceeded to approach different crypto exchanges regarding listing their own coin.
There are however questions raised as to Facebook’s privacy issues and they have a heavy task of convincing users to get on board with the blockchain project they intend to launch on Whatsapp. In my opinion, Facebook is counting on its phenomenal user scale compared to Telegram which is also rolling out its cryptocurrency agenda and has raised around $850 million so far to back the project, but can they trust Facebook with their money?
So far, Facebook is not entirely forthcoming with the complete process but they are obviously throwing resources towards this project if their recent crypto history is anything to go by. It will be quite interesting to watch how the whole thing unfolds and if it will work or gain traction among users and provide competitive ground.
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