Investment and saving are two common terms in the world of wealth creation, especially in the equity market. Either of the two phenomena has their approach to the concept of creating wealth, and they play different roles when creating a financial strategy. It all boils down to what you want to do with your money.
What saving is
Savings involve putting away a certain amount of money you don’t want to spend for a period and watching it accumulate over time so that it can finally meet a certain future financial need (e.g. a purchase) or to insure against emergencies. More importantly, it is never risky to save.
Investment and what it is
Investment involves buying up assets and setting them up to yield more earnings as a reward so that your financial power can greatly increase. With investment comes risks, sometimes very high risks, depending on the investment path. However, it’s usually the size of these risks that determine the level or volume of rewards you have as returns.
The most common investment assets are stocks, bonds, real estate, and mutual funds. However, another rewarding investment is forex trading. This type of investment involves the intermediary roles of forex brokers – just like there are brokers in the stock market. One of these forex brokers is Go markets, one of the top licensed MT5 brokers (check go markets review).
What investment does for you
Money births more money
Investing your money in the forex market for example earns more income for you. If you buy a currency when it’s low in value and sell it when the value increases, the profit margin can quite beat your imaginations.
Save up on taxes
It’s a well-known practice that long-term investment grants the benefit of saving more on taxes. The more you invest, over a long period, the less you pay on capital gains tax.
Compounding looks really good in the long run
Investment often triggers reinvesting. Reinvesting profits yields much more long-term profits. This process is called compounding.
Staying ahead of your financial needs
Investment done over a long period has the mouthwatering benefit of granting you the financial power to meet all the needs and wants you to have. You can easily purchase anything, from a position far better than those who rely on savings alone. Investing should also be very appealing to young people who might be looking to retire early and want to ensure that their golden years will be stress-free.
To save or to invest?
Saving money doesn’t grow your income the way investments do. Sometimes, money that has been saved may not run the gauntlet of inflation and come out unscathed. While saving will only help you store your money in a safe place, investment is the deliberate action you take to make your money grow substantially. Simply put, with investments, you make your money work for you the way you can’t with savings.
You will find this review very helpful and useful for the understanding of IoTBlock ICO before the whitepaper launching. That places you in advantage among other investors, right? You should definitely sign up for ICOs mailing list at their website to receive the notification (e-mail, whatever you like better) or click the notification button on the right bottom corner of this webpage to get updates on our IoTBlock ICO review. IoT is one of the best things that ever happened. You will be thrilled after you read about how their business success looked like from 2004 (roadmap section) and how much IoT and blockchain experience team members and advisors have! You will be surprised!
For now, the development of IoT has been attributed to the largest companies in the world, like Google, Apple, Philips and others, but it seems crypto startups started to develop solutions to make IoT more efficient. Read IoTBlock review to see why this is the best ICO we have come across lately.
General information about IoTBlock ICO
IoTBlock ICO is the first universal IoT blockchain registry with real-time device health reports and a fully trust review because it has a lot to offer!
less, decentralized infrastructure for IoT devices to access smart contracts securely on any blockchain. For those who do not know (which is hardly possible) IoT refers to the Internet of things, the concept of connecting any device that has the ability to connect to the Internet and even though it was some kind of revolution in the past decade, the possibilities that IoT may bring us are yet to come. IoTBlock is working on that and that is one of their main goals.
This ICO has their own wallet. For now, they have not announced the token sale date nor ICOs hardcap, so there is actually a lot of information missing. Nevertheless, we will try to help you understand this ICO and what is his potential as much as possible. Moreover, of course, we will update this review with new information when they will be available. For now, let’s take a look at some blockchain problems that IoTBlock aim to solve, their solution and the team members. We bet you will enjoy this review because it has a lot to offer!
IoTBlock ICO Website
What is interesting about IoTBlock is that they are still at the very beginning with ICO but they have a history from 2004 with this kind of solutions. Wait until the roadmap section to read more about it. It is not just that it sounds promising but actually, it really is. They are experienced and know what they are doing, what and how can they do things etc. It is just that simple.
IoT Problem and IoTBlock ICO Problem Breakdown
You have just seen the importance of IoT. Moreover, you know the importance and potential of blockchain technology. Combining these two can be nothing else but important and with great future potential, right?
As stated earlier, IoT is probably one of the best things that ever happened in the tech industry. Still, we soon started to realize that comparing traditional IoT functionalities with IoT technology functionalities emerged with blockchain technology; IoT actually can be improved in many different ways and could be much more useful for any industry and everyday life – if emerged with blockchain.
Some of the most important problems of IoT today is security, data management, privacy, business models, developing countries and the infrastructure problem. The most interesting thing when it comes to security problem is that the more ‘smart’ devices are there, the lower is the security of IoT in general, and if something doesn’t change about it, there will be destructive negative effects that will occur. It is obvious that blockchain can be used for this kind of problems. What is more, we doubt there is a better way to deal with security issues than using blockchain tech for that purpose.
The same is when it comes to IoT data management problems. IoT is all about data. IoT would not be possible if there is no data, and the real data management problem stems from the same thing as security problem – too many devices, too many users, and bad IoT management system. Google and others are trying to solve this kind of IoT problems for a long time now, but the problem is still there. The fact is that it is very complex to find solutions, so again, that is where the blockchain technology comes. The same is with other problems that we mentioned earlier.
IoTBlock is focused on building blocks for trustless IoT governance, connectivity, auditability, and security. There is not much information about IoTBlock solutions because there is no whitepaper but we tried to collect as much information possible to help you understand this ICO, so first read the solution section of this review and then move to team and advisor information because for now there is no information about those, as well. Still, you will be surprised what a great team IoTBlock have, so make sure you read that section, as well!
Solution
IoTBlock solution Hypercat and PAS212:2016, that is, the first universal IoT blockchain registry with real-time device health reports and a decentralized infrastructure for IoT devices to securely access smart contracts on any blockchain. The main goal of these solutions is to provide a secure infrastructure for IoT applications and cross/multi-chain interoperability for IoT.
If you are interested, you can take a look at IoTBlock’s code on their webpage. The purpose of IoTBlock ICOs solutions is to give any device a possibility to securely access smart contracts on virtually any blockchain. IoTBlock ICO is developing the registry that registers all different imaging devices and in addition have real-time health reports. That way it will be possible to know exactly what is wrong with (IoT) devices in real-time. The reason for using Hypercat is that there are issues with a centralized protector that can be solved with the blockchain technology.
IoTBlock ICO Smart Contract Code
Registry of publishing may be very useful, and the goal is to save all data that comes from the human-tech-device relation, on a digital platform. We guess you know what platform are we talking about? IoTBlock has practical, cost-efficient and more scalable solutions for IoT problems, like for example the download speed from the blockchain-stored data to your device.
As IoTBlock ICO do not have a whitepaper, for now, we cannot say more about these solutions but will have to wait until they publish it.
IoTBlock ICO Smart Contract Token
Pricing (will be updated)
Information about pricing is not yet announced, so make sure you visit the site in a few days or weeks to see if there are any updates and/or click the red button in the lower right corner if you want to keep up to date with the new information and get notified when we make the update on review.
Whitelist and Sale Process (will be updated)
Information about whitelist and sale process are not yet announced, so make sure you visit the site in few days or weeks to see if there are any updates.
Bonuses (will be updated)
Information about bonuses is not yet announced, so make sure you visit the site in a few days or weeks to see if there are any updates.
Team and Their Execution on Past Projects
There are 5 team members listed at ICOs webpage. All of them have a nice experience in IoT and the blockchain. CEO has experience in Berkeley and Infinity Group (Venture Capital), CTO in Kodak and Plaak, an blockchain architect in Berkeley as well and Scale Up Crypto Capital. IoT and mobile security architect worked at Berkeley, as well, but most importantly, he has experience in Samsung and Nokia. It is remarkable how this team combines their experience and knowledge from some of the biggest companies in the world, to get the most from introducing the blockchain technology to solve the greatest IoT security, speed, and privacy problems!
IoTBlock ICO Team Members
In our opinion, with this kind of team experience and relevant experience of this business that started as a hardware and device manufacturer in 2004 and then made great success in IoT blockchain solutions in 2017, IoTBlock ICO will attract many investors and strategic partners to bring the most out of this project. In our opinion, this ICO is more than just a project, but rather a secure option for everyone who is looking for an ICO that will surely have increased in value. Read more about their partners and the roadmap to see the history of their development. You won’t believe what ICOs market potential is alike!!
Advisors are as great as the team! This ICO never stops to impress us! We bet you will think the same after reading this review!
Advisors
At IoTBlock ICOs webpage, you can see they listed more advisors than team members. Of course, there are more team members but they decided to show only 5 team members. Perhaps that is their marketing strategy and the way of gaining the trust of the investors, but nevertheless, they reached their goal with that one! There are seven advisors listed on their webpage. Two of them have experience at the Stanford University and there is Harvard experience as well (investor and corporate securities attorney)! To be honest, we have not seen such a great advisors’ experience for a while. Check it yourself!
IoTBlock ICO Advisors
They have work experience with Acer, Bee, Google, Amazon, Tomochain, Nem, Unilever, and others. All of them are the most successful companies that make great business results worldwide, and for IoTBlock ICO they work as technical advisors, blockchain lean engineers, business advisors, etc. There is not much to say about them anymore, their experience speaks for themselves! Now continue reading about some basic information for ICOs hype and some great things about the IoTBlock’s roadmap! That’s the best part of this review!!! Do not miss a single word of it.
Hype in the Media and Publicity
IoTBlock ICO has 8,487 members and IoTBlock Alerts 1,959 members at Telegram, 755 followers at Twitter, and only 18 followers on LinkedIn. That is not that bad actually (refers to LinkedIn) because not every ICO focuses on the development of their LinkedIn presence. If we consider the fact that this ICO is new and it does not have all the information about the solution and token sale available, this hype is good. It is a nice way to start an ICO. IoTBlock mostly uses Twitter for inviting the public to the special events and presentations of ICO’s solution and idea, which is ok because not every ICO does presentations that often. (Visit their twitter profile to check it.)
It is hard to make any conclusions about their hype because they do have nice interest from the potential investors at Telegram, it is just that we see they don’t do much of communication with them on the other social networks, but overall, the hype is nice for this stage of ICO.
Roadmap
It seems like IoTBlock compensated the fact that there is no whitepaper yet with detailed roadmap demonstration. Just take look at the picture above! It’s ok if you are for now just looking for brief data and for that reason will not go into details with the roadmap (below). If you like, just skip it, we’ll give you the most important details from the roadmap below the image.
IoTBlock ICO Roadmap
The roadmap is very simple and understandable. If you saw the year 2004 is the first one on the top of the roadmap and your first thought was that the roadmap will be too long, you were – obviously – wrong.
The roadmap shows you their development from 2004 to this day in a surprisingly simple way… Let’s make this short and then go straight to the point. In 2004, they started with manufacturing hardware and RFID devices (RFID smart cards). In 2008, they expanded their product line to manufacture Zigbee devices and solutions for smart homes (the complete and interoperable IoT solution). After the RFID line expansion in 2009, they moved to be a logistics solutions provider with successful systems for temperature control in distribution process (the year 2013), became NFC (IoT) providers (2015), IoT healthcare device manufacturer (2016) and then launched IoTBlock in 2017.
Now you can see that it is not just another upcoming ICO with lame or no solution, but highly successful one that has done a lot of work, progress and product expansion for more than 10 years now (almost 15 yrs)! After launching of IoTBlock ICO have launched MVP on Ethereum testnet with a working demo (2018 Q2). Soon they will launch the mainnet (2018 Q3). It is interesting that they have not finished their roadmap (at least not for the public), nor they have the whitepaper, token price, and token sale information. This might mean anything, but most importantly, we see it as a sign of professionalism because it is always better to announce these kinds of information a bit later, than to say something that is not accurate or if there is a doubt that it will be that way for real.
Partners
IoTBlock has partners with global technology companies with a $100 million dollar global market cap and 15 years of experience specializing in IoT hardware manufacturing and software solutions. This ICO aims to work with many other strategic partners to provide complete IoT hardware, software, and blockchain technology solutions for IoT. Recently, IoTBlock has secured an exciting strategic partnership to be one of the key partners involved with the development and expansion of over 500 “Smart Convenience Stores” franchises in China. IoTBlock is also exploring partnerships with other highly scalable blockchain projects to accelerate the implementation of our technologies in actual business use cases. These are pretty much all information about ICOs partners. Follow their Instagram to get in touch with new information. There is nothing special that we could comment about partners for now, but they have great experience in IoT so many important companies in this field will be interested in cooperation. Later check for token information in the section below and/or click the ‘notification’ icon in the lower right corner of the website to be notified when this review is updated.
Token metrics (will be updated)
Information about token is not yet announced, so make sure you visit the site in a few days or weeks to see if there are any updates and/or click the red button in the lower right corner if you want to keep up to date with the new information and get notified when we make the update on review.
IoTBlock Conclusion
The best thing is that IoTBlock ICOs solution will have a great purpose in the healthcare industry and actually any other business because data management and data security is some (if not the main) of most important things for business success. That means adoption of IoTBlock solutions would result with unstoppable use of solutions and a growing number of businesses/industries that recognized the usefulness of emerging blockchain and IoT technology.
IoTBlock team and advisors are great. Both of them worked at the biggest companies in the world and at this ICO they work at the positions in which they are most experienced and that are relevant to their knowledge. The roadmap is simple and not long. Even though all information about tokens, token sale date, nor the detailed description of ICOs solutions are not available at the moment, we can say that considering every other element that we included and analyzed in this review, IoTBlock ICO is the great investment opportunity. The future of IoT has just started, so there is no reason to miss this opportunity to participate in IoTBlock ICOs crypto success.
The post IoTBlock ICO Review appeared first on Crypto Trading Reviews.
As you already know, we only make reviews of the best available ICOs. This one is listed in top 7 ICOs, so you should definitely invest your time in reading our due diligence conclusions of MultiVAC and see if you agree with many others about the potential of ICOs solution and the quality of the team. The thing is that they are focused on solving the problems of blockchain platforms and decentralized apps, so they are described as ‘’a high-throughput and flexible blockchain platform based on trusted sharding computing’’, which is actually great description and you can found out pretty much all about them in just a few words. For the better understanding of this ICOs’ purpose, we will tell you they are the next-generation public blockchain platform designed for large-scale and complicated decentralized applications. Although you will read more about this in the ‘Solution’ section, at this point we will just say that their solution is highly needed in the blockchain today, which means, the could have nice success if funding process goes well. Now let’s see some general information and then move to solution description and tokens. For a better understanding of MultiVAC review make sure you follow most important information with ICOs whitepaper (use the link above to make sure it is the ICO). Problem breakdown and Solution sections of this review might seem not excited to read as the text after these sections, but they are a must read if you are into exploring MultiVAC ICO.
MultiVAC – The Most Important Information
First of all, MultiVAC is upcoming ICO that hasn’t still announced some very important information (like token sale, hard/soft cap, token price etc.), but don’t let this stop you from your MultiVAC due diligence, we expect this information to be available soon, so you definitely won’t regret reading this review at any moment. The newest information (published before 3 hours, August 3, 2018) is that Signum Capital has just become MultiVAC strategic partner, which means even though this ICO is fresh and new, many have already recognized their potential. Second, there is a FAKE MultiVAC LinkedIn account and the fake MultiVAC webpage might occur.
MultiVAC ICO LinkedIn Scam Warning
Some other great ICOs, like ChromaWay ICO, are on a target of frauds, so don’t fall in that trap. Don’t be foolish to visit and/or invest in this ICO using any other link but the one that is 100% secure. The thing is that the best ICOs are from to time to time victims of harming behavior of scammers, which means a) you must be careful with the link/URL through which you access the page, b) MultiVAC ICO is worth considering for investment. (We said considering, not investing. We’ll be able to say more after ICOs due diligence, so wait until the conclusion section to see what to do with this ICO.) To prevent falling into scammers trap, access to MultiVAC ICO only with secure link/URL of their website found on our webpage. ICO itself is not a scam (we confirmed it from multiple sources).
Let’s see what is that much interesting about this ICO and don’t forget to visit this review again in few days to see if there are any updates on currently missing information and conclusions in Pricing, Token and Bonuses section. Problem and Solution sections are actually very interesting when it comes to this ICO, and beside other elements of MultiVAC ICO that impressed us, these two sections are the most important and most interesting, in the same time.
Problem
The impossible triangle that implies the impossibility for elements such as security, decentralization, and scalability to exist at the same time without lowering the power of any other element of a triangle, is the most important blockchain problem. For now, it is impossible to have all three elements operating without a negative effect on any other triangle element. Related to that, there are three problems that must be solved in order to solve the problem of an impossible triangle.
The first problem is how to develop shards from network nodes for transaction and smart contract processing in a trustworthy manner, allowing the network to scale. The second problem is how to process transactions and update records using trusted shards in the use case of transaction processing, and third, how to verify the correct and honest execution of smart contract code by network nodes in the use case of smart contract processing.
MultiVAC ICO Home Page
Problem Breakdown
MultiVAC believes that the viability of blockchain for businesses today depend on whether or not blockchains can provide general-purpose computation, whole-network transactions, and network-wide contract processing in a scalable, expandable, and adaptable way.
For that reason, they propose a trusted sharding model that solves the scalability problem, allowing for the unlimited accumulation of transaction power from nodes worldwide, e.g. scalability without limit. MultiVAC performs sharding independently for transaction processing and for smart contract execution, creating an incredibly supportive and flexible base-layer blockchain platform.
DApps on MultiVAC can realize general-purpose computational business logic and can flexibly decide according to their own security needs how many nodes on which they wish to run their code. If you will successfully read the rest of the review, you will see more comments on this, which is actually some of the greatest reason why this ICO might have great chances for market success.
In few words, MultiVAC ICO has the solutions for scalability, and for that purpose, they use trusted sharding computing. Read more about solutions in the following section. The things will be less technical, but still very interesting. Enjoy your reading time!
MultiVAC ICO Technology
Solution
MultiVAC ICO’s solutions for above-described problems are to create shards through a novel probability model based on Verifiable Random Functions (VRF), solving the problem of how to safely, efficiently, and randomly shard the network. MultiVAC uses the Byzantine consensus family to reach internal consensus within a shard, achieving the construction of trustworthy shard-based consensus.
They are preparing their solution for the blockchain for smart-contract deployment by designing an optimized virtual machine MVM capable of general-purpose computation, which is equipped with a special blockchain instruction set BISC, and which verifies the correctness of contract execution through Proof of Instruction Execution (PoIE).
Look at the following images for better understanding.
MultiVAC ICO Solutions
They are developing a computing model that will break the traditional booking framework, and that will redefine sharding and smart contracts.
MultiVAC ICO Technology
Finally, let’s see the MultiVAC ICO’s ecosystem.
MultiVAC Ecosystem
The ecosystem is presented in a truly simple manner so anyone can understand it. MultiVAC ecosystem refers to flexible computing and trusted programming leading in a DApps-outbreak era where spreads value directly. We will talk more about this in the conclusion of the review. For more information about the ecosystem you can look at MultiVAC whitepaper, we’ll just make a conclusion of it and will not go in further details with the technical side.
Pricing, Whitelist, and Sale Process Information (will be updated)
There is no information about the token sale on their website so we checked their whitepaper to find anything interesting but it says nothing about it, as well. MultiVAC has a technical whitepaper, and no information about the roadmap, token metrics, token sale etc., so that kind of information will be available on their website. Still, the whitepaper is written in a simple manner so no matter if you understand ICOs or not, you will understand the whitepaper. Read it carefully to make sure you understand all about MultiVAC. Our suggestion is to subscribe to our notification button to receive information when we make any updates.
Token and Bonuses Information (will be updated)
There are rumors that MultiVAC has sold some tokens to private investors, but that’s a fake news indeed (not in a Donald Trump ‘fake news’ manner). For now, we only know there will be some fees for running a smart contract (something like Ethereum gas mechanism), but we expect some new information soon.
As this is brand new ICO on the market they didn’t announce token sale information for now, nor we know their funding goal and soft cap for now. Therefore, we must focus on some other ICO elements like the team and advisors, hype, roadmap etc. MultiVAC solutions are not bad at all, and the problem they aim to solve is actually very important in the blockchain industry today, so if they succeed it would be huge think not just for blockchain in general but investors and ICO himself. As there is lack of some very important information make sure to bookmark this review and later come back to see if there are any updates (we recommend to do that at least once a week to make sure you do not miss anything important). Stay tuned and see the overall team’s quality and if their roadmap is good or they won’t be able to deliver what they promised in their whitepaper.
Team
It is interesting that every single team member is listed as R&D member, or in other words, they are all into research and development of MultiVAC solutions. Even though each ICO has to make some research, they obviously don’t give such an importance to that process comparing to MultiVAC. For that reason, we guess token distribution will follow the same principle. (Can’t wait to see what they have planned with tokens!)
Here is the team.
MultiVAC ICO Team Members
You can see more about their purpose within ICO below their names. You will know more about them after you see the past projects they have worked on. Many of them still work with some other firms, like Google, Facebook, Pinterest etc. It is important to note that more than one team member comes from Meiutuan (like the MultiVAC founder and a lot of MultiVAC advisors), so the Meiutuan might be the key for predicting the ICOs capabilities within this ICO, which would help to make the better conclusion of ICOs future potential. Read more about this in the following lines.
Team`s Execution of Past Projects
We will be short and relevant, so we will write some experience of founders and few other most important members and then just make a conclusion for you (keep in mind that we have researched each of them but here we are just making a short overview for you to save your time). Frank Lyu is one of three founders. He s technical director and data engineering expert of Meituan, the giant Chinese internet super-platform. If you will be exploring Meituan and run into information that in June 2018 they announced to plan 6 USD billion IPO, that’s fake news, as well. This is one of the most popular sites in China.
Second founder, Shawn Ying, is Ph.D. in computing science and is an expert on parallel algorithms and general-purpose calculations. If you like to read some of his papers, you can search for over 20 papers in top conferences and journals such as SIGGRAPH. Claire Wang is the third founder, as well as a marketing director or Xinrenxinshi, and co-founder of Julixinfang. That is a nice experience, isn’t it? She created the first new-media and community brand in the vertical field of human resources in China, covering more than one million HR professionals. MultiVAC ICO has a lot of algorithm researches and R&D engineers. One of them is Pinterest and Facebook Architect, the other one senior engineer at Google Maps, third is technical director and senior engineer of Google Local Ads etc. Is it necessary to make a conclusion for their execution after all? Let’s see advisors and then finally the hype and the roadmap!
Advisors
Three of them has some kind of connection with the Meituan, like Yang Jun who is co-founder and vice-president of Meituan, Lai Binqiang who is vice-president and in charge of the IT, administration, purchasing legal and government relations department, and Chen Liang who is co-founder and senior vice-president. Last two are (both) co-founders of Renren and Taofangwang, with Yang Jun as co-founder of Renren. Chen Chang is the senior researcher at IBM and core developer at Fabric. He is the earliest researcher and promoters of blockchain technology. Once led the development of several blockchain service platforms.
It seems like as further we go through ICOs elements, the better it becomes. Will the same principle continues in next sections of a review?
MultiVAC ICO Advisors
Hype in the Media and Publicity
Let’s see their website first. The website is designed very simply, but there is nothing that actually impressed us. It’s just like any other ICO website. Therefore, they listed up to 16 team members! We’ve just published Agate ICO review where we stated that we are surprised to see such nice number of team members listed on their webpage, but MultiVAC almost exceeds them. The point is, all of them are available on LinkedIn. Some of them have very little information on their profiles, but the most important team members fulfilled their LinkedIn profiles, as a way of communication with the public. That’s great for an ICO.
MultiVAC Community has 21.620 members on Telegram, and the MultiVAC Channel has 8.875 members. It is not a huge number, but if you consider the fact they are new and they don’t have all ICO important information at this moment, this number is actually great. Of course, if it continues to grow. Let’s see if that will happen by analyzing some other social networks.
They are present at Twitter (5.139 followers) and are very active there, which means they care for relations with investors and media, so that is definitely huge plus for them. They are available at GitHub as well. Their hype is overall good, but it remains to see how and if it will increase after the announcement of token and other information.
Roadmap
There is not much to say about the roadmap, except that it is simple and easy to read, no matter if you understand the technical side of their solutions. Just look at the following picture.
MultiVAC ICO Roadmap
What you can read from the roadmap is that at this moment we can expect yellow paper, development of sharding transaction and TPS data release. We assume that token sale will start at the end of Q4 2018 and the beginning of Q1 2019, and an announcement of token sale and price information very soon because their hype is good and are at the most popular ICOs these days.
Roadmap deadlines are overall easy to accomplish and it is not too long, which means it is easier to predict and plan it more in detail.
Investors and Partners
There are some important partners, which is great for ICO that was recently launched.
MultiVAC ICO Investors and Partners
Signum Capital is the newest partner and one of the most interesting ones. We’d like to know how this ICO funded their development up to this point (if it had some investments from big partners), but for now, that is unknown. They just said they didn’t sell any tokens for private investors (which differs from other kinds of investing’s before ICO, e.g. Agate ICO that had over $1 million before ICO). Still… we like these partners and investors and we bet there will be many more of them!
Use of tokens (will be updated)
There is no information about the use of tokens, but we will update this section when they announce them.
Token Distribution and Funding (will be updated)
Please, wait for the update.:)
MultiVac ICO Conclusion (will be updated after token information announcement)
Considering the fact that some of the most important people from Meituan work on MultiVAC, they obviously have the potential and knowledge of how to deliver the great product and to make end user satisfied with whatever their product is. When talking about their solution, this ICO is focused on R&D, which means solution development is based on research more than it is with other ICOs.
With the great team that has experience in world biggest firms (Google, Facebook, IBM, Pinterest, etc.) they definitely have a knowledge and experience to manage this project until the end of ICO (if you skipped it, go back and take a look at the roadmap to see their plans) and most importantly, the knowledge of working on the fast developing industries and managing the quality of solution in cases when huge number of people suddenly becomes interested in their services. For that reason, we dare to say that with this ICO there will be no problems with solution launching. Solutions will be at the quality level they promised, or even higher.
As this is currently one of the best upcoming ICOs, some are trying to turn it to their favor with fake LinkedIn profiles and some false rumors. To prevent falling into scammers trap, access to MultiVAC ICO only with secure link/URL of their website found on our webpage. ICO itself is not a scam (we confirmed it from multiple sources).
Finally, their hype is good for a new ICO on the market, and many important investors and partners joined this ICO. The roadmap is not that long and is very simple to understand, and the same applies to their technical whitepaper, so do not hesitate to read the whitepaper, as well. Probably the most important thing is that their solutions results with multiple developers, which will lead to multiple apps, and the more apps are there, that means more users, and of course, more money/increase in cryptocurrency value.
Overall, this ICO is a good opportunity for everyone who feels bad for not participating in Bitcoin or Ethereum while they were at their very beginnings. Make your own research of the development of Bitcoin and Ethereum and compare it with MultiVAC to see if there are some similarities. We will not give you any kind of promises, but this ICO has the real potential to grow into something huge.
The post MultiVAC ICO Review appeared first on Crypto Trading Reviews.
Bitcoin (BTC) Price Prediction – March 27, 2021 On March 25, BTC/USD slumped to the low of $50,350 as bulls bought the dips. The king coin has been in an upward move as price reached the high of $55,858. The current uptrend has reached the overbought region of the market. Bitcoin will fall if sellers emerge in the overbought region.
Resistance Levels: $58,000, $59,000, $60,000 Support Levels: $40,000, $39,000, $38,000
BTC/USD – Daily Chart
Today, Bitcoin has risen to $56,207 high, but the cryptocurrency is facing rejection at the recent high. The king coin is falling after reaching the overbought region of the market. If price retraces and finds support above the $54,000 price level, there is the tendency for a further upward movement of the coin. However, if price retraces and the bears break the $54,000 and $51,000 price levels, the downtrend is likely to resume on the downside. Bitcoin will face deeper correction if the bears pushed the coin to $48,000 low. On the upside, if the current bullish momentum is sustained and price breaks the recent high, Bitcoin will reclaim the $58,000 support.
Bitcoin (BTC) Indicator Reading The crypto’s price is at level 54 of the Relative Strength Index period 14. This implies that Bitcoin has room to rally on the upside. BTC price has broken above the 50-day SMA and it is approaching to break the 21-day SMA. A break above the SMAs will propel price to rise on the upside. Bitcoin is above the 80% range of the daily stochastic. It indicates that BTC price is trading in the overbought region of the market.
BTC/USD – 4 Hour Chart
Bitcoin has been in a downward correction after its rejection on March 14. The coin was repelled from the $62,000 resistance zone. The king coin will further decline if it faces rejection in the overbought region. On March 16 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement implies that BTC price is likely to fall to level 1.618 Fibonacci extension or the low of $48,143.70.
The CEO and Chief Investment Officer of Ark Invest, Cathie Wood, has a few words for Bitcoin investors who have profited in recent months.
The asset manager has advised cryptocurrency investors against using cryptocurrency for transactions because of the incoming tax rules, as they may have to pay massive taxes. She made the comments at a webcast hosted by Cboe Global Markets on Thursday.
Why Bitcoin Investors Should Suspend Transactions
Until the tax rules are changed, Wood thinks cryptocurrency investors should steer clear of using their Bitcoin to make payments. Two days ago, Elon Musk announced that Bitcoiners can now buy a Tesla with BTC.
“The IRS has something to say about this, so if you have huge gains in your Bitcoin, I don’t think I would bear much in the way of transactions until we get maybe some changes on the tax front,” Wood said.
Wood also thinks Bitcoin is ready for “prime time” and that prices will continue climbing over the long haul as more companies will adopt crypto-friendly strategies like Tesla and Square have done.
The IRS Bitcoin Tax Policies
Since 2014, the IRS has considered virtual currencies as capital assets that must be treated as property for taxes. Any gains or losses from the sale or exchange of cryptocurrencies are taxed as capital gain or loss similar to stocks or bonds.
Income generated from mining bitcoin and other cryptocurrencies is also taxable by the IRS.
However, the IRS only recently started getting smarter in making sure Bitcoin taxpayers actually pay up. The agency had set up several strategies to discover crypto investors who had been under-reporting their holdings.
Back in 2018, Coinbase was forced to disclose information on 13,000 user accounts under an IRS summons. Since Bitcoin’s meteoric rise in 2017, the IRS has put crypto front and center of its policies. In 2019, it chased down 10,000 taxpayers who failed to report taxes owed.
A few months ago, the IRS started asking questions directly on tax forms. “At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?” the question stated.
With this new development, the IRS is making its stance clear on Bitcoin taxes while also making it harder for taxpayers to conceal their cryptocurrency transactions. Whether one decides to sell their Bitcoin or use it as a form of payment, it is taxable in the United States because the IRS treats it as a property and not a currency.
Dispatch Labs ICO Review: A comprehensive review and analysis on Dispatch Labs ICO, which aims to create enterprise-grade blockchain solutions.
This represents the writer’s personal opinions and does not – in any way- constitute a recommendation of an investment or financial advice. Please assume caution when investing in cryptocurrencies and do so at your own risk, as it is extremely volatile and you can lose your money.
Overview
Dispatch Labs is creating a decentralized blockchain that supports smart contract functionality and utilizes an off-chain distributed storage network. This is similar to a traditional ‘Software-as-a-Service’ (SaaS) architecture; but instead of being managed and controlled by a central entity, smart contracts will be programmed to govern data access.
Dispatch Labs is built on 3 core features:
Scalability: Dispatch allows firms to set up data-intensive business logic on a public ledger without sacrificing speed or security, which is an inherent trade-off issue that blockchains face today. The Dispatch ledger has the capacity to facilitate 10,000 Transacations Per Second (TPS) under normal conditions.
Massive Data Capabilities: Allows smart contracts to access big data off-chain (known as ‘artifacts’)
Backward Compatibility: Dispatch Lab’s protocol is backwards compatible with Ethereum smart contracts since it is a modification of the Ethereum Virtual Machine (EVM), and is additionally built to support access to off-chain artifacts
(Read more: Guide To Cryptocurrency Valuation: A Look into On-Chain Data)
Interview with Founders
We had the opportunity to engage in a high-level interview with Dispatch Lab’s CEO (Matt) and CTO (Zane). We asked several important questions about Dispatch Labs according to several metrics. Have a look at the interview below:
Application
There are 2 main components of Dispacth Lab’s solution: 1) The Dispatch Ledger & 2) Dispatch Artifact Network (DAN)
1. Dispatch Ledger
Dispatch is creating a native blockchain that is a modification of the Ethereum Virtual Machine (EVM), with an extension of functionalities that supports programmable access (via smart contracts) to an off-chain storage network. The consensus mechanism employed by Dispatch’s blockchain is Delegated Asynchronous Proof-of-Stake (DAPoS), a new and novel consensus that allows for much higher transaction throughput and incur significantly reduced fee as compared to other blockchains. The Dispatch ledger has the capacity to facilitate 10,000 TPS under normal conditions, and theoretically over 100,000 TPS under perfect conditions. Here’s a comparison of the transaction speeds of major blockchain protocols.
In the DAPoS system, transactions are validated and secured by delegates that have been chosen by token holders. In order to preserve a degree of decentralization, elected learners are chosen by token holders to hold elected delegates accountable for their actions.
Here are the roles of stakeholders in the Dipatch Ledger (or Dispatch Virtual Machine):
Delegates: Nodes that validate transactions and update the ledger (also known as ‘miners’ in the Bitcoin network). They must be elected – through a voting process – by token holders
Stakeholders: Nodes that are in-charge of electing delegates and learners. Token holders must stake native tokens to be able to vote, with one vote per share per candidate in every election
Learners:Those responsible for assessing delegates’ performance, ensuring accountability and transparency. Learners are also elected by token holders.
(See more: Breakdown of Cryptocurrency Market: 12 Major Cryptocurrency Categories)
2. Dispatch Artifact Network (DAN)
Dispatch’s infrastructure is called the DAN, which will facilitate the storage, transmission, and manipulation of offchain. Although the Dispatch ledger records all information about the artifact, the actual data will be cryptographically secured and stored in the DAN between off-chain storage nodes.
Here are the roles of stakeholders in the Dispacth Artifact Network (DAN):
Uploaders: Those who publish data (artifact) to the network, via the deployment of artifacts on the ledger
Farmers: Those who offer their computing storage and bandwidth to host data for downloaders. Farmers wil be compensated for their storage by the uploaders and their bandwidth by the downloaders
Downloaders:Content users who access and consume the data, typically paying farmers for the bandwidth needed to transmit the artifacts across. After downloading the artifacts, the downloaders will therafter become farmers themselves
Dispatch Labs focuses on enhancing transaction speeds and chain size capability to create a business-ready blockchain for the real-world. Here are some of the apparent use-cases of Dispatch Lab’s blockchain:
Real-world decentralised applications (dApps)
Peer-to-peer Content Marketplaces
Supply Chain Management
Open Market Content Delivery Networks
Neural Network Marketplace
Decentralized Big Data
(Read also: Guide to Cryptocurrency Liquidity: Understanding Liquidity & Its Importance)
Technical Overview
Here is the Dispatch Lab’s technical architecture:
The Dispatch network works the following way:
Uploader publishes a smart-contract containing a hash of the Artifact, and rules for accessing it. Hashing is used to index the data and keeps the entirety of Artifact unknown to other nodes in the network.
The uploader can set the rules for accessing the Artifact can be based on time, price, user group, oracles, etc. through a smart contract. Once the smart contract is published to the shared ledger, anyone can request the Artifact from the uploader.
Downloaders will know they received the right Artifact when the hash of what they received matches the one in the shared ledger.
Uploaders pay farmers to serve encrypted copies of their Artifacts to service more downloaders, and to mitigate downtime.
Farmers are compensated for their storage as well as their bandwidth. But farmers shouldn’t be paid until they prove they have held the file for the duration of the storage contract.
When a downloader wants an Artifact, they can reference their database (Kademlia DHT) to find the closest available farmer. Proof-of-Replicate (PoRep) will disincentivize farmers trying to game the system by pretending to be multiple farmers hosting the same file. When downloading an encrypted Artifact from a farmer, the set exchange consensus between farmers and downloaders are governed by the Make it Happen (MiH) protocol to weed out dishonesty.
(See more: Guide on Identifying Scam Coins)
Unique Selling Point
There are several elements that make Dispatch Lab’s unique:
Scalability Solution:In order to achieve enterprise-ready ro for businesses, Dispatch employs an off-chain distributed storage network that can support massive data capacity and a Delegated Asynchronous Proof of Stake (DAPoS) consensus mechanism that can process far higher transaction rates as compared to traditional blockchains. The integration of an off-chain storage system to the Dispatch Virtual Machine (DVM) allows for smart contract programmability with off-chain data.
Incentivization of Validators: Transaction validators (delegates) in Dispatch’s network are paid for their time (like a salaried position) rather than the conventional route of a majority of blockchains where miners are paid for each transaction (via fees).
(Read also: Guide to Valuing Cryptocurrency: How to Value a Cryptocurrency)
Team
Here is Dispatch Lab’s Core team:
Dispatch is headed by Matt Mcrgaw, an entrepreneur that has led and scaled a range of technology companies. He is a board member of multiple companies and high-growth start-ups that include SparkX, Berrett-Koehler Publishers. On the technical side, Zane Witherspoon (CTO) leads the blockchain development of Dispatch solutions. Zane specializes in distributed systems and blockchain architecture, with deep knowledge on the engineering/technical end. The operational side is led by Patrik Wijkstrom (COO), a technology expert with over two decades of application development. He was the CEO of SparkX, a B2B FinTech company using AI and Blockchain technology.
Dispatch features individuals with a wide-array of experienced skillset, that notably include:
Zachary Fallon (Senior Legal Advisor), a former SEC lawyer
Shadan Azali (VP of Investor Relation), corporate philanthropy lead at Bank of America and former adjunct professor at the Columbia School of International and Public Affairs
Greg Mcgregor (VP of Engineering), inventor of pre-paid wireless with more than 30 years in mobile technology development
Muhammad Al-Abdullah (Director or Research & Development), technology expert specializing in security, information engineering and cloud computing. He is also an assistant professor at the University of San Fransisco
The current size of Dispatch’s team is close to 30 individuals, which is a positive sign of diversity and robust development.
(See also: Analyzing Cryptocurrency Risk: Existing Coins vs ICO)
Traction
Partnerships
Our interview with Dispatch Labs suggests there are already 9 businesses that are already working to develop applications and leverage on Dispatch’s solution. Additionally, there are around 25-30 companies that have expressed their commitment in using Dispatch’s blockchain. Some notable ones include:
Bucket Technology:A technology platform that integrates with existing POS systems to facilitate coinless cash transactions at retail locations
Nanovision: A subsidiary of Nano Global that manufactures nano-sized chips and delivers nanotechnology-powered innovations for molecular data research
Utopi:A blockchain-enabled platform that delivers streaming video services
As Dispatch’s DVM is backwards compatible with EVM, developers can already start building their proof-of-concept on Ethereum before the mainnet launch of Dispatch, which is scheduled to be on the 3rd quarter of 2018.
Testnet 2.0
Dispatch’s testnet went live on the 19th of June 2018, featuring several enhanced functionalities that include:
More robust security for the DAPoS Consensus Algorithm
BigInt support (for all those little Divvitos)
Grpc network pooling upgrades
Tons of bug fixes
Here is Dispatch lab’s Github repository that features its testnet. Here is a screenshot of the testnet’s wallet:
Mobile Wallet
Dispatch has just launched their mobile wallet on the play store (both Android and Apple). Here is the user interface:
Since it is newly-released, there’s insufficient traction to assess the user experience of Dispatch’s mobile wallet. However, navigating the wallet is intuitive due to its simple user interface.
(Read more: Crypto Beginners Guide: 5 Things Crypto Newbies Should Know)
Roadmap
Here is Dispatch Lab’s roadmap:
Dispatch plans to support education, community and financial support around its ecosystem by creating online and offline curriculums, certifications for businesses and developers, open source documentation and tools, as well as a direct communication line between the core team and interested parties. With the collated materials, they plan to create a Dispatch Online University, an educational resource for migrating business to blockchain and developing Dapps on the Dispatch Labs architecture.
Dispatch will launch their mainnet on the 3rd quarter of 2018, which is a positive sign of robust development. Compared to its direct competitor (PChain, which will launch its mainnet in 2019), Dispatch has a real chance in leading the enterprise-ready, blockchain market.
Token Economics
Dispatch hasn’t officially released any details on their token economics. After some digging, here are some plausible numbers that we can expect:
As stated by the founders in the interview, Dispatch has garnered huge interests from private and institutional investors. Unlike many other private projects that does not open up public allocation if private funding is adequate, Dispatch will allocate a certain portion towards the public sale. This is a positive approach since Dispatch recognizes the importance of the wider community in ensuring its success.
Token Utility
The Dispatch ledger will have its own native tokens called DAN, which will be the main currency in the Dispatch network. Dispatch’s native token will have similar functionality and utility of Ether (ETH), which is to serve as the medium for virtual machine computation. However, instead of gas being consumed in Ethereum’s case, the Dispatch scenario will feature bandwidth being utilized. An added utility of the DAN is that stakeholders that seek to utilize or participate in the off-chain storage network facility – called the Dispatch Artifact Network – will transact in DAN tokens.
Therefore, the value of DAN tokens will increase proportionally with the usage and traction of the Dispatch network. Given the partnerships that have been established and the infrastructural support afforded to developers, the utility of DAN looks solid in the long-term.
(Read also: Bitcoin vs Alt Coins Returns: Comparison of Gains Between Bitcoin & Altcoins Investing
Strengths
First Mover’s Advantage: Dispatch is the first bloc)cryptocurkchain protocol to leverage on-chain smart contracts to manage distributed storage of application data off-chain, and its novel architecture enables for scalability for enterprise usage. This is a huge opportunity for large-scale adoption in the cryptocurrency space.
Credible Partnership Network:Even though the mainnet has yet to be launched, Dispatch already has 9 businesses developing on the Dispatch blockchain and close to 30 companies signaling commitment. For a relatively new project, Dispatch is proving to offer a viable, real-world solution for businesses wanting to leverage on blockchain technology. The fact that Dispatch has already secured business partnerships is testament to their appeal as a strong technological solution for businesses.
Novel Consensus Mechanism: Dispatch’s blockchain utilizes Delegated Asynchronous Proof-of-Stake (DAPoS), a new consensus mechanism that allows for much higher transaction throughput and incur significantly reduced fee as compared to other blockchains. The layer of elected learners is a novel way to dissipate the degree of ‘centralization’ of elected delegates (which has often been a key issue in a POS/DPOS structure.
Strong Team:Dispatch boasts an experienced and technical team that has expertise over a wide-range of industries.
Infrastructural Support: Dispatch plans to support education, community and financial support around the new ecosystem by creating online and offline curriculum, certifications for businesses and developers, open source documentation and tools, as well as a direct communication line between the core team and interested parties. This will undoubtedly foster greater participation and easier onboarding for businesses or projects seeking to develop on Dispatch’s solution
Weaknesses
Scalability Tradeoff: Using an off-chain solution compromises the fully decentralized nature of blockchains, since data not stored on the blockchain is less resistant to censorship. However, Dispatch focuses on the feasibility aspect of a blockchain solution since it is geared towards business use-cases. A positive note is that the addition of elected learners under the DAPoS consensus mechanism ensures that delegates will face greater accountability.
Lacking Token Details:The token metrics and economics aren’t touched upon in any of Dispatch’s official documents and channels, which make it hard to value its tokens.
Summary
Dispatch Labs is leading the way in building enterprise-level blockchain solutions that could bring massive adoption from the institutional/business side, which is often overlooked in the cryptocurrency industry. Focusing on fine-tuning their technology and creating partnerships with real businesses, Dispatch already has one foot in this lucrative market. By enabling business applications to conveniently migrate to distributed ledgers without having to worry about scalability issues, businesses can look forward to a plethora of benefits afforded by blockchain technology to streamline and improve their traditional processes
Verdict: Excellent Project
(Read also: Evolution of Cryptocurrency: Replacing Modern Cash)
Beneficial Resources To Get You Started
If you’re starting your journey into the complex world of cryptocurrencies, here’s a list of useful resources and guides that will get you on your way:
Trading & Exchange
Crypto Guide 101: Choosing The Best Cryptocurrency Exchange
Guide to Bittrex Exchange: How to Trade on Bittrex
Guide to Binance Exchange: How to Open Binance Account and What You Should Know
Guide to Etherdelta Exchange: How to Trade on Etherdelta
Guide To Cryptocurrency Trading Basics: Introduction to Crypto Technical Analysis
Cryptocurrency Trading: Understanding Cryptocurrency Trading Pairs & How it Works
Crypto Trading Guide: 4 Common Pitfalls Every Crypto Trader Will Experience
Wallets
Guide to Cryptocurrency Wallets: Why Do You Need Wallets?
Guide to Cryptocurrency Wallets: Opening a Bitcoin Wallet
Guide to Cryptocurrency Wallets: Opening a MyEtherWallet (MEW)
Read also: Guide on Privacy Coins: Comparison of Anonymous Cryptocurrencies and Guide To Cryptocurrency Trading Basics: Do Charts & Technical Analysis Really Work?
This represents the writer’s personal opinions and does not – in any way- constitute a recommendation of an investment or financial advice. Please assume caution when investing in cryptocurrencies and do so at your own risk, as it is extremely volatile and you can lose your money.
Enroll in our Free Cryptocurrency Webinar now to learn everything you need to know about crypto investing.
Get our exclusive e-book which will guide you on the step-by-step process to get started with making money via Cryptocurrency investments!
You can also join our Facebook group at Master The Crypto: Advanced Cryptocurrency Knowledge to ask any questions regarding cryptos!
Aziz, Master the Crypto Founder
I’m Aziz, a seasoned cryptocurrency trader who’s really passionate about 2 things; #1) the awesome-revolutionary blockchain technology underlying crypto and #2) helping make bitcoin great ‘again’!
The post ICO Analysis: Dispatch Labs ICO Review appeared first on Master The Crypto.
Selfkey Analysis: A comprehensive review and analysis on Selfkey, which aims to provide a universal solution to digital ID.
This represents the writer’s personal opinions and does not – in any way- constitute a recommendation of an investment or financial advice. Please assume caution when investing in cryptocurrencies and do so at your own risk, as it is extremely volatile and you can lose your money.
What is Selfkey?
Selfkey is a decentralized, blockhain-based Self-Sovereign IDentification System (SSID) that enables individuals to have total and full control in owning and managing their identities. With Selfkey, users can store their identification attributes and documents in a single location on their device(s), requiring users to only input their information once. A central part of the Selfkey network is an integrated financial services marketplace, allowing users to access a wide-range of products and services using their universal digital ID.
Selfkey is the brainchild of KYC Chain, an established KYC solutions-provider for businesses that have been operating since 2013. KYC’s client base includes global banks, law firms, and immigration firms.
Selfkey is developed to address the limitations of current centralized identity systems, that include:
Security Risks: Centralized identity systems are more vulnerable to hacks and data breaches since centrally-managed databases are a single point of failure. There have been many cases – such as the case of Equifax – of personal data breaches that leads to identity thefts and significant liabilities to the system operator.
Restricted Access:Linked data is a core component of digital identity since it facilitates a more holistic verification process. However, identity owners (like you & me) are exposed to tremendous limitations to access our own linked data, which is often instituted by operators to prevent unauthorized access.
Data Protection Regulations: The differences in laws across different jurisdictions creates inefficiencies such as higher costs for small businesses and the inability of users to have total control over their identity rights.
Inefficient User Know-Your-Customers (KYC):KYC is a mandatory requirement for a wide-range of legal entities across many jurisdictions. However, the KYC process is time-consuming and costly; users must always upload the sensitive documents repetitively towards any services which are extremely inefficient and increases the risks of it landing in the wrong hands.
(See also: 4 Reasons Why Now is the Best Time for You to Invest in Cryptocurrencies)
Application
Selfkey’s ecosystem is made up of 2 core components, aside from their native token which will be explored in the next few sections:
Selfkey Wallet
An open-source digital ID wallet where users can manage and securely access their identity attributes and documents from their own personal device(s). All of the documents relating to users’ identity attributes will be stored locally in their devices, ensuring security, privacy and total control over their data. Additionally, the wallet also allows for the verification and notarization of personal documents via qualified certifiers.
A major feature of Selfkey’s wallet is that users can seamlessly and efficiently access a variety of products and services – through Selfkey’s marketplace – much more quickly since the Selfkey wallet is a universal digital ID. Selfkey’s wallet has been released (currently in beta mode) and can be downloaded here.
Here is how Selfkey’s application work:
Selfkey Marketplace
A marketplace where users can use their universal Selfkey digital ID to access a wide-range of products and services that require KYC processing, from incorporating a business to opening a cryptocurrency exchange account. There are over 300 products and services that can be accessed via the marketplace.
The marketplace feature various services that include:
Bitcoin and Digital Asset Exchange Signup
Citizenship by Investment programs
Citizenship through Investment in Real Estate Applications
Company incorporation (including companies limited by shares,
foundations, LLC’s and Trusts)
Bank account introduction and application
Residence Permit Applications for more than 50 countries
E-Wallets or Stored value facilities
Gold and Precious Metals purchase and storage
International insurance applications
Money Remittance & Transfer services
Token Sales
(Read also: Guide to Valuing Cryptocurrency: How to Value a Cryptocurrency)
Technical Overview
The technology stack of Selfkey are as follows:
Blockchain Layer: The Selfkey pairs will be derived from the Ethereum public blockchain
Validating Nodes:After testing various consensus protocols that include Ethereum’s Virtual Machine (EVM), Eris, Monax, and Tendermint, Ethereum’s normal consensus mechanism is preferred
Storage:Storage of their data is entirely up to the discretion of identity owner; users will have the complete autonomy to choose their preferred storage methods
Protocols: In a bid to ensure interoperability across different applications, Selfkey has instituted multiple standards and continual, operating work on the protocol layer with other leading identity systems. They are currently working with Sovrin, W3C, Uport and Tierion
ID Wallet: Selfkey’s open-source, native wallet is the starting point for all identity transactions. It has launched its beta version recently. KEY tokens can also be stored in the ID wallet.
ID Microservices: The company behind Selfkey’s technology and the foundation – KYC Chain – has built and provided some initial microservices such as sanction list screening (the remediator), company registry lookup, and document collection and validation (the collector)
Application Layer: Any applications or decentralized applications (dApps) can be developed on the SelfKey platform through its open API’s and open source code.
Unique Selling Point:
One-Time Digital ID for Easy Access Across Various Services: Selfkey allows users to have a single, integrated digital ID which is easily created and can be used across a wide range of services (such as financial products, exchanges, token sales). This eliminates the need for mundane KYC every single time a user needs to access a service.
(See more: Bitcoin vs Alt Coins Returns: Comparison of Gains Between Bitcoin & Altcoins Investing)
Team
Selfkey has an extensive team of over 82 employees that covers 4 main areas: Legal, Growth, Development and their Advisory board. The team is headed by Edmund Lowell, a serial entrepreneur who is also the CEO of KYC Chain. He has founded numerous companies within the incorporations and identity space, culminating in Selfkey project. Selfkey has a tech-heavy team, with 24 engineers and developers working on the tech side of things. A tech-heavy team is always a positive indicator of robust development.
Selfkey is guided by a diverse list of advisors from the cryptocurrency industry and investment banking space.
Traction
Selfkey ID Wallet Beta
Selfkey launched their Identity Wallet at the end of June 2018, allowing users to manage their digital identity as well as their cryptocurrency portfolio (Only Ether [ETH] and ERC 20 tokens). All of the user’s data are stored on their local computer/mobile devices, and the native wallet is not tied to a user’s Selfkey ID. Here’s a review of their wallet:
Dashboard
The dashboard is simple and straightforward, with functionalities similar to the most popular Ethereum/ERC20 wallet, MyEtherWallet.
Selfkey ID
Selfkey’s ID portal is easy to navigate, with clear fields for users to input their necessary ID documents. It is also easy to make edits on individuals fields in user’s ID attributes. Attaching all documents and fields would require no more than 5 minutes. Perhaps the biggest advantage is that knowing that creating a Selfkey ID is a one-time effort and that allows users to use their ID across a wide range of platforms (in Selfkey’s marketplace) without having to engage in mundane KYC-related work again. Of course, this is contingent on other services being included within Selfkey’s marketplace network.
Since the Selfkey ID is still in its Beta stage, the complete list of services, products, and partners that can be accessed is not furnished. Through this marketplace, users would be able to access a wide variety of applications and services that utilize their ID data. Since any company can build on Selfkey’s application layer through its open API and source code, it remains to be seen if there is traction on the potential service providers’ end to engage in integrating their services onto the Selfkey’s platform.
Selfkey Matketplace (Alpha Stage)
Selfkey has also developed its marketplace, which is still in its alpha stage (You can check out the alpha here). The Marketplace enables users to assess and apply for services easily, reducing the manual and paper-intensive nature of traditional KYC processing. There are over 22 categories of services that Selfkey has identified in its marketplace, with 11 categories that have been established with partners. Here are they:
Partnerships
This is perhaps the most important factor that will determine the success of Selfkey as a network. The streamlined efficiency of Selfkey’s digital ID is only as good as the availability of services that will be available on Selfkey’s marketplace; the more service providers across different markets there are, the more use cases that Selfkey’s ID would be relevant in. Therefore, it is critical for Selfkey to partner with service providers for their marketplace. Here is a list of their current partners:
Selfkey has managed to partner with established entities from a wide range of financial service providers, corporate services providers, registered agents, lawyers, consulting firms, notaries and cryptocurrency exchanges to offer the various products and services. This is a positive indicator of Selfkey’s growing network.
(Read more: Guide to Blockchain Protocols: Comparison of Major Protocol Coins)
Roadmap
Here is the roadmap and progress of Selfkey’s development:
Selfkey is close to finishing multiple deliverables such as Trezor’s hardware wallet integration, cryptocurrency exchange marketplace, KEY staking functionality and browser button/extension. It seems that each marketplace requires intensive development, and considering there are 22 marketplace categories, it could take a while before full access to all markets will be available to users.
It is, however, a prudent strategy undertaken by Selfkey to focus on the lowest hanging fruits, in the form of cryptocurrency exchanges and incorporations marketplace, where KYC Chain already has established links and infrastructure.
Token Utility
Selfkey’s native token is called KEY (stands for Key-to-Encrypt-Yourself), an ERC 20 token built on the Ethererum blockchain. KEY is a utility token that serves as the main currency on the Selfkey network. (See more: Coins, Tokens & Altcoins: What’s the Difference?)
KEY tokens will be needed to:
Access to the comprehensive range of products and services via the marketplace by staking KEY tokens in smart contracts
KEY tokens are the main currency used to pay for verification, certification and notarization services or other products such as bank account opening fees
Relying parties are required to place KEY in a locked smart contract to offer their services within the SelfKey Marketplace.
As KEY will be the main currency within the network and stakeholders (users, certifiers, and relying parties) will need to stake KEY tokens to participate, the value of KEY will rise in direct relation to an increase in network usage. That is, the more services being offered on the marketplace and the more transactions occurring on the network, the higher KEY tokens’ value will be since the total coin supply is fixed at 6,000,000,000 (6 billion) tokens.
Exchange Status
Selfkey’s KEY tokens are trading live on various exchanges that include:
Binance (BTC/ETH)
OKEx (BTC/ETH/USDT)
Kucoin (BTC/ETH)
Tidex (Not Recommended)
Gatecoin (Not Recommended)
RightBTC (Not Recommended)
It must be noted that exchanges in red should not be your exchange of choice as there is no liquidity in trading KEY tokens. An absence of liquidity makes it extremely hard to trade your coins. Here’s a guide on liquidity that explains in further detail.
(Read also: Guide to Market Capitalization: Everything You Need to Know About Market Cap)
Strengths
Unified Digital ID Solutions:Selfkey’s universal digital ID allows users to seamlessly and efficiently engage in KYC across many service providers. More importantly, the data is fully controlled and managed by the user in their local devices, thereby ensuring greater security.
Backed by An Established Business: Selfkey is developed at the back of KYC Chain, an established KYC solutions provider that already has the infrastructure, experience, and expertise in the KYC business.
Extensive Partnerships:Selfkey has an extensive list of partners that will be the service providers building an application or using the KYC functionalities of the Selfkey ID. This is proof of traction of their development which is key to their success.
Comprehensive Markets: Selfkey has currently identified 22 market categories in its marketplace. When completed, users will have access to a wide range of services using their digital ID.
Weaknesses
Competitive Industry: There are many competitors that are trying to solve the same problems as that has been around longer than Selfkey, such as Civic. However, the rate of development of competitors is progressing slowly and Selfkey has the advantage of being backed by a real business.
Long Completion Date: Selfkey’s completed product will be launched after 2019, possibly hinging at 2020 given the enormous tasks they have at hand.
Summary
Selfkey is trying to solve a tedious, but a universal problem of tedious KYC processes. With their universal ID, users can have seamless access to a comprehensive range of markets and services that require the necessary ID documents. Given the increasing legal requirements of proper KYC, Selfkey’s solution is much needed for numerous industries and businesses. Backed by an established business, extensive team and well-established partnerships, we foresee that Selfkey would be a major player in this space.
Verdict: Good Project
(Read also: Evolution of Cryptocurrency: Replacing Modern Cash)
Beneficial Resources To Get You Started
If you’re starting your journey into the complex world of cryptocurrencies, here’s a list of useful resources and guides that will get you on your way:
Trading & Exchange
Crypto Guide 101: Choosing The Best Cryptocurrency Exchange
Guide to Bittrex Exchange: How to Trade on Bittrex
Guide to Binance Exchange: How to Open Binance Account and What You Should Know
Guide to Etherdelta Exchange: How to Trade on Etherdelta
Guide To Cryptocurrency Trading Basics: Introduction to Crypto Technical Analysis
Cryptocurrency Trading: Understanding Cryptocurrency Trading Pairs & How it Works
Crypto Trading Guide: 4 Common Pitfalls Every Crypto Trader Will Experience
Wallets
Selfkey Wallet Download
Guide to Cryptocurrency Wallets: Why Do You Need Wallets?
Guide to Cryptocurrency Wallets: Opening a Bitcoin Wallet
Guide to Cryptocurrency Wallets: Opening a MyEtherWallet (MEW)
Read also: Guide on Privacy Coins: Comparison of Anonymous Cryptocurrencies and Guide To Cryptocurrency Trading Basics: Do Charts & Technical Analysis Really Work?
This represents the writer’s personal opinions and does not – in any way- constitute a recommendation of an investment or financial advice. Please assume caution when investing in cryptocurrencies and do so at your own risk, as it is extremely volatile and you can lose your money.
Enroll in our Free Cryptocurrency Webinar now to learn everything you need to know about crypto investing.
Get our exclusive e-book which will guide you on the step-by-step process to get started with making money via Cryptocurrency investments!
You can also join our Facebook group at Master The Crypto: Advanced Cryptocurrency Knowledge to ask any questions regarding cryptos!
Aziz, Master the Crypto Founder
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As the development of the Etheruem 2.0 upgrade progresses, cryptocurrency exchange Coinbase has announced that investors can now join the waitlist to be first in line when new Ethereum staking features launch.
One of the most prominent features of Ethereum 2.0 will be the transition to a proof of stake (POS) consensus mechanism, which will allow nodes to increase their chances to be selected to validate transactions and create new blocks based on their ETH stake instead of computational power.
Now, Coinbase is looking to be one of the first exchanges to offer rewards to users who stake their ETH in the platform, offering them up to 7.5% Annual Percentage Yield (APY) in rewards by holding their ETH.
Ethereum 2.0 requires nodes to stake a minimum of 32 ETH to generate rewards as a validator node, but Coinbase will allow any users with under 32 ETH to stake to generate rewards in their accounts.
Coinbase is Looking to the Future
Unlike staking in other networks and platforms, Coinbase users will not be able to use the staked ETH int transactions, to begin with, but it is planned for this to be possible in the months after the launch of the feature.
The exchange will also benefit from allowing users to stake their ETH, charging a commission on the rewards received to support the underlying infrastructure.
Other platforms that have announced Ethereum 2.0 staking are Kraken and MyEtherWallet, which will stake ETH on behalf of their customer in a way similar to Coinbase.
Direct Listing is Looming
As cryptocurrency continues to gather increasing attention from institutional and private investors, gaining endorsement from public figures like Elon Musk, the total market capitalization of the industry has grown by over 60% during 2021.
One of the most important pieces of news during this year was Coinbase’s official announcement of its intent to become a publicly-traded company through a direct listing, back on January 28th.
It had been speculated back in 2020 that the third largest exchange by daily trading volume would be going public via an Initial Public Offering, before the news finally being clarified by the company.
The exchange has been especially popular among large institutional investors through its Coinbase Pro platform, which has played an increasingly important role in the cryptocurrency bull run experienced over the last months.
The announcement of the direct listing filling with the Securities and Exchange Commission (SEC) will also play an in the future of cryptocurrency exchanges in the United States, as it would make Coinbase the first major cryptocurrency exchange to be publicly listed if approved.
Ethereum 2.0 Rallies Community Support
Ethereum 2.0 has been one of the most anticipated events in the crypto ecosystem since the release of its deposit contract in November of 2020, with investors depositing over 3M ETH by February 15th.
Ethereum continues to be the second most popular cryptocurrency by market capitalization despite the increase in gas prices and saturation, being the foundational network for a great number of Decentralized Finance (DeFi) platforms and Decentralized Applications (dApps)
The cryptocurrency achieved its all-time high of $1.867 back on Feb 13th of 2021, as investors remain positive on the future of the platform and the cryptocurrency market continues to soar.
With the redeployment of Ethereum 2.0, users of the Ethereum 2.0 network will be increasing the resilience of the network and improving its efficiency by holding and staking their ETH, greatly increasing the throughput of the network to fight the current saturation.
With competition from other blockchain networks for the crown increasing each day, support for Ethereum 2.0 features will prove to be essential to decide who the winner of the latest race will be.
The post Coinbase Launches Ethereum 2.0 Staking Rewards Waitlist appeared first on Blockonomi.
As the deployment of Ethereum 2.0 continues to develop, its deposit contract now holds over 3M ETH which will contribute to the security of the ecosystem.
These deposits are worth over $5.4 billion for a contract that was launched just 4 months ago and secured the amount required by the Beacon Chain for its launch in just 3 weeks, allowing it to be released in December.
Ethereum 2.0’s beacon chain will be an integral part of the new platform by allowing it to remain connected to the current mainnet, ensuring migration between the two versions is possible as well as allowing ETH holders to stake their funds.
This staking feature will also allow the blockchain network to transition to a Proof of Stake (PoS) model, which will allow nodes with a minimum of 32 staked ETH to earn the rights to validate transactions and earn rewards, a more efficient way than the current Proof of Work (PoW) algorithm.
Ethereum 2.0 Development is Powered By its Community
The development of Ethereum’s upgrade continues as the team successfully completed an R&D workshop around the future beacon chain upgrades and selected new grantees for the latest staking community grants round.
The R&D Worksop was ghosted by the Ethereum Foundation’s research team to allow devs and researchers to discuss the eth1+eth2 merge and share in the upgrade, which also shared some of the plans with presentations by Vitalik Buterin, Dankrad Feist, Mikhail Terekhov, and Guillaume Ballet.
The foundation also allocated over $1M to 25 grantees over 4 different categories. A total of $391.8 k was granted to community/education programs, $200k to new tooling, $180k for data analysis/visualization efforts, and $268.6k invested in research.
These grants will allow the community to actively take part in the development of Ethereum 2.0, as well as easing the transition and adoption by users by providing information to interested parties.
While the release of the ETH 2.0 complete release is still unknown, the development of the new version has been a matter of discussion for crypto enthusiasts and experts alike as the future of the network will depend on this upgrade.
Fee Market Changes and the Future of Ethereum
Not only has Ethereum experienced issues when it comes to scalability over the last year, but it also has seen its gas prices increase rapidly as the network gets saturated and transactions take longer to process.
This problem was partially caused by the DeFi booming and partly because of the network’s infrastructure.
These gas prices have resulted in many investors and dApps looking for alternatives in other blockchains or using L2 solutions, causing trust in the future of the network to be in jeopardy.
Vitalik Buterin, Ethereum Founder and current member of the development team, was one of the proponents of the Ethereum Improvement Proposal 1559 (EIP 1559). Titled “Fee market change for ETH 1.0 chain”, it was created back in April of 2019 to offer a solution to the increasing gas prices.
The proposal has been one of the highest anticipated upgrades to the network, and while it can be deployed independently of the eth2 upgrade, it is only clear that it will be seen on the mainnet in 2021.
This change will result in a majority of the ETH used in transaction fees being burned, as well as establish a fixed-per-block network fee that will dynamically adapt to the level of congestion experienced by the network.
This will not only result in lower gas fees that will allow dApps and investors who depend on low-value transactions to generate gains, but it will also give the cryptocurrency a deflationary trait that will allow its value to increase.
With blockchain networks like Polkadot and Cardano seeing increasing interest from developers and investors, Ethereum’s capacity to offer competitive fees and features will be essential in deciding the future of the network in an increasingly competitive ecosystem.
The post Ethereum Development Progresses: 2.0 Contract Now Holds Over 3M ETH appeared first on Blockonomi.
The Coronavirus crash of mid-March has resulted in a lot of crypto traders being cautious.
The dominance of stablecoins is proof that they are waiting for favorable crypto conditions to get back to trading.
Staking crypto on the various exchanges has provided an alternative to trading and/or storing value in stablecoins.
The Bitcoin (BTC) and crypto market crash of mid-March was one event that not too many traders believed would happen. The majority of Bitcoin enthusiasts believed that the hype surrounding the Bitcoin halving event would provide much-needed immunity for the crypto markets to survive a shake-out in the event of a possible stock market meltdown. However, the tense days of March proved that Bitcoin is highly correlated to the stock markets during times of turmoil.
$8 Billion Locked up in Stablecoins
As with all periods of unexpected volatility, traders and investors quickly hopped on stablecoins to safeguard the value of their holdings in the crypto markets. As a result, Tether (USDT) has continually risen on Coinmarketcap and is currently ranked 4th after BTC, Ethereum (ETH) and XRP. The stablecoin’s market cap currently stands at $6.4 Billion making up 80% of the total value stored in stablecoins. Tether’s dominance has slowly but surely risen due to the uncertainty brought about by the effects of COVID19 on the global economies.
Staking of TRX, KAVA and other Cryptos is Providing a Profitable Alternative
With the world firmly in the thick of a global recession, favorable trading conditions to go LONG in the crypto markets will probably take a while to present themselves. At the time of writing this, flattening the curve of infections is happening but a return to normalcy has been projected to take months and roll over into 2021 with some estimates pushing it to 2022.
Therefore, many savvy crypto investors have discovered that staking is an easier way of storing their crypto holdings while gradually increasing their bags.
Exchanges such as Binance, Bitfinex, KuCoin and Poloniex, have started offering staking services for coins and tokens already listed on their platforms.
Using Binance staking services as an example, we observe the following estimated annualized returns in the staked token/coin.
Tron (TRX): 7 – 8% pa
ATOM: 6 – 9% pa
Tezos (XTZ): 6 – 9% pa
Algorand (ALGO): 8 – 10% pa
ONE: 8- 10% pa
Fetch (FET): 8 – 12% pa
QTUM: 6 – 8% pa
TROY: 15 – 16% pa
The above list is just a brief one to give the reader a better understanding of the potential investment potential of staking.
Staking Might be a Better Alternative to Trading the Uncertainty
With the Bitcoin halving narrative of gains almost destroyed by the Coronavirus crash of March 2020, trading cryptocurrencies as they range and wick haphazardly in either direction might be one-way traders are losing trading capital through stop losses and the dreaded liquidations.
Staking, on the other hand, might be a better alternative to trading. User funds idly generate profits in a manner more attractive than holding value through stablecoins.
Vitalik Buterin Believes Staking on Phones is Promising
Additionally, in a recent tweet, the Co-founder of Ethereum, Vitalik Buterin, rubbished the idea of mining cryptocurrencies on smart-phones while at the same time identifying staking as a promising option. His tweet can be found below.
Mining on phones is a fool’s game. Goes against everything we know about hardware economies of scale and more likely to trick users with false hope than help them.
*Staking* on phones, OTOH, is IMO quite promising…https://t.co/VGgkoHIDsP
— vitalik.eth (@VitalikButerin) April 13, 2020
Summing it Up
Trading Bitcoin and alt-coins during periods of global economic uncertainty might be one way of losing trading capital. Alternatively, and with staking, investors can store the value of their trading capital in coins or tokens that will generate a handsome amount in annualized returns.
(Feature image courtesy of Micah Williams on Unsplash.)
Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.
Bitcoin (BTC) encountered massive resistance as it tried to break $7,300.
At the same time, its trade volume has been dropping together with its dominance in the crypto markets.
In our analysis of Bitcoin (BTC) a few hours ago, we were cautiously optimistic that the King of Crypto was on a slow and tense journey towards $8,000. We also identified a few support zones that include $7,050, $6,900, $6,800 and $6,600.
Why $7,050 is the Level to Watch During Bitcoin’s Weekly Close
Further analyzing the aforementioned support zones, we realize that the $7,050 zone is the last area of defense for Bitcoin before it drops back to familiar levels below $7,000. Therefore, if this level breaks in the next few hours, we will most likely retest $6,900 and possibly back to our strongest support thus far of $6,600.
6-Hr BTC/USDT chart courtesy of Tradingview.com
Revisiting our favorite 6-hour BTC/USDT we begin to spot a few areas of weakness for the King of Crypto that might cause some excitement for the Bears.
To begin with, Bitcoin’s move to claim $7,300 was rejected at the same zone which was a resistance. Its current price of $7,126 is still above the 50 (white), 100 (yellow) and 200 (green) moving averages. These MAs are acting as short term support for Bitcoin, but they are also giving a picture of exhaustion for BTC.
Further checking the trade volume, it has reduced drastically in the last few days. This is a tell-tale sign of a possible move down.
The MFI has a value of 80 thus indicating an overbought situation. This is further confirmed by the MACD about to cross in a bearish manner above the baseline.
Bitcoin Dominance Continues to Drop Slowly
In our April 17th Ethereum price analysis, we had identified that the BTC dominance had dropped by 1% thus providing some level of confidence for ETH to rise in the crypto markets. Rechecking Coinmarketcap, we find that the BTC’s dominance now stands at 63.5% compared to our previous level around 64%. This slow decline in market dominance could provide the perfect environment for a mini-alt season.
Conclusion
As the third week of April 2020 comes to a close, $7,050 will be the level to watch for Bitcoin (BTC). This area provides the last line of support for the King of Crypto before falling back to familiar territory below $7,000. Also to note, is that the Bitcoin trade volume has continued to drop thus providing the case for a bearish weekly close for BTC. Additionally, Bitcoin’s dominance has continued to drop slowly further pointing to a possibility of Ethereum doing well in the crypto markets along with alt-coins.
As with all T.A opinion, the reader is advised to use adequate stop losses to protect their leveraged positions on the various cryptocurrency exchanges.
(Feature image courtesy of Kid Circus on Unsplash.com.)
Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.
The Bridgewater Associates co-founder and chief investment officer, Ray Dalio, says that there is a good probability that the government will outlaw bitcoin in the same way gold was outlawed in the U.S. in the 1930s.
Ray Dalio Thinks Governments Can Outlaw Bitcoin
Ray Dalio shared his view on whether the government could outlaw bitcoin in an interview with Yahoo Finance Wednesday. He is the co-founder and chief investment officer of Bridgewater Associates, the world’s largest hedge fund firm. His clients include endowments, governments, foundations, pensions, and sovereign wealth funds.
Dalio believes that bitcoin may suffer a similar fate as gold did in the U.S. during the 1930s. “Like back in the ’30s in the war years … cash and bonds were such bad investments relative to other things, there was the movement to those other things still, and then the government outlawed them … They outlawed gold,” he recalled, elaborating:
That’s why also outlawing bitcoin is a good probability.
Besides outlawing gold, Dalio added that “they also established foreign exchange controls, because they don’t want the money to go elsewhere.”
Emphasizing that “every country treasures its monopoly on controlling the supply and demand. They don’t want other monies to be operating or competing, because things can get out of control,” the Bridgewater founder opined:
So I think that it would be very likely that you will have it, under a certain set of circumstances, outlawed the way gold was outlawed.
“You’re watching that question arise in India today. India today is making a move to outlaw it– outlaw possession of it,” he pointed out. The Indian government is currently working on a cryptocurrency bill and there have been reports that it may ban cryptocurrencies like bitcoin. However, no official announcement has been made and the crypto industry is hopeful that there will be not an outright ban on cryptocurrencies.
Dalio was also specifically asked if he thinks it is possible for the government to ban bitcoin. He replied: “My understanding from people who are sort of in government surveillance and so on, is, yes, they can understand, they can track it, they can know who’s dealing with it. I don’t know– like, I’m not an expert on that.”
The billionaire hedge fund manager has been learning about bitcoin over the recent months. He admitted in November that he may be wrong about bitcoin but was worried about governments outlawing cryptocurrency. He then said bitcoin “is one hell of an invention” that could “serve as a diversifier to gold and other such storehold of wealth assets.”
Responding to Dalio’s misinformed perspectives, bitcoiners took to social media to argue about the government’s ability to ban bitcoin. Gemini co-founder Cameron Winklevoss wrote: “Bitcoin may have similar properties to gold but outlawing decentralized software is a much different problem. It requires you to essentially outlaw the Internet.”
Some people accuse the Bridgewater executive of attempting to manipulate the market to buy cheap coins, noting that a growing number of major corporations are investing in BTC. Recently, Goldman Sachs said it sees huge institutional demand for the cryptocurrency and Visa anticipates bitcoin becoming “extremely mainstream.” Deutsche Bank says bitcoin is now the third-largest currency, after the dollar and the euro. Furthermore, Morgan Stanley is getting ready to offer bitcoin exposure to wealthy clients and other banks are expected to follow suit.
Do you think about Ray Dalio’s bitcoin warning? Let us know in the comments section below.
PRESS RELEASE. 27th March 2021, Al Murar, Dubai – Diamondcon is one of the fastest rising Call of Duty league players in the world, and part of the Subliners eSports team. He is the first ever professional eSports player to introduce an NFT into the ever-growing community of FPS gaming.
Having established a considerable following on Twitch and Twitter, his followers will soon be able to purchase an NFT of Diamondcon and claim bragging rights to that 200 IQ game clip.
Coming soon 👀 pic.twitter.com/FpGXtQ24rw
— NYSL Diamondcon (@Diamondcon_) March 19, 2021
NFTs: Hot off the Press
Gamers spend loads of cash on skins, game passes and in-game purchases, yet they never owned any of them. NFTs will be the change that revolutionizes the gaming industry. Money spent in gaming will no longer be a bad investment. No one knew about NFTs a year ago, and now it’s the new craze. Remember when they said that streaming will never be a career? Look where the industry is now.
The Diamondcon NFT will be the first in the COD universe, and owning it will be an investment that is not to be missed. Imagine how much an NFT of your favorite COD player will be worth in a few years.
For anyone who’s hyped about the release, The DiamondCon NFT is set to drop in the coming days, so keep your eyes peeled on Diamondcon’s Twitter to get this hot NFT before it sells out!
About WeAreGrowthHackers
WeAreGrowthHackers are one of the world’s premier Growth Hacking and NFT marketing agencies. They’ve made millions for their clients using little-known, (“out of the box”) growth hacking techniques and they’re now applying it to the hyper trend of the NFT world. Create your NFT and growth hack it today.
Media Contact Details
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WeAreGrowthHackers is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
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The non-fungible token fever witnessed over the last few months is catching the copyright management agencies’ attention. One of them, located in Italy, has chosen a blockchain company to create its own NFTs.
SIAE Expects to Guarantee Copyright Protection With NFTs for the Next 139 Years
According to the announcement, Società Italiana degli Autori ed Editori (SIAE), founded in 1883, picked Algorand to manage the rights of over 95,000 authors in the form of non-fungible tokens. Both parties had been working on the project since 2019, said Algorand.
In a first instance, 4 million NFTs were created to represent selected SIAE authors’ rights. Per SIAE, by digitizing these rights on blockchain technology, authors could ensure that their copyrights are globally protected on a transparent, open infrastructure.
Gaetano Blandini, the general manager of SIAE, pointed out that the move seeks to guarantee protection for the next 139 years. He added:
We are not interested in building technological infrastructures to generate profit. Instead, our goal has been and always will be to create value addition for our members. This is why we can afford to talk about open infrastructures and make all our know-how available to the community. Blockchain technology is definitely an interesting strand to continue exploring because of its transparency and efficiency – by design – features, which are fundamental for those who, like us, manage the salary of other people’s hard work.
Could the NFTs Become a ‘Game-Changing’ in the Copyright Management Business?
Moreover, Italy’s largest collective management organization forecasts that such a move will open the doors to transition onto new blockchain-based platforms that “will rapidly and profoundly change the business models” in the rights management industry.
Silvio Micali, MIT Professor and founder of Algorand, is optimistic about the use of NFTs to handle copyrights, and SIAE’s maneuver can also be “a game-changing” in the business:
SIAE has brought an ambitious project to life, where transparency and simplicity in data management are becoming a new reality for their industry. SIAE is a forward-thinking organization that will open up new opportunities as they build the foundations for new economic models.
What are your thoughts on using NFTs to manage copyrights? Let us know in the comments section below.
Recently, Bitcoin Cash proponents have been introduced to a new application that competes with the content subscription service Onlyfans. The web portal Onlycoins is a service that is similar to Onlyfans but instead, creators can earn bitcoin cash by posting quality content and gathering subscribers.
Youtuber David Bond Features Bitcoin Cash-Fueled Onlyfans Clone
The popular Youtuber and BCH supporter David Bond recently published a video for his 501,000 subscribers about a new app that competes with the popular content subscription service Onlyfans.
Bitcoin Cash fan and popular Youtuber David Bond discusses the Onlycoins app in his latest video.
The London-based Onlyfans basically allows creators to earn money from their fans and individuals get paid from pay-per-view (PPV) features and one-time tips. Bond told his subscribers about a new app called Onlycoins, a platform that offers similar services but pays in BCH and doesn’t take a 20% cut. Because Onlyfans provides the platform that hosts the paywalled content, the company takes a significant cut from its users’ transactions.
Onlycoins is a digital content marketplace, and creators can receive funds directly from fans just like the app’s competitor. The platform does take a cut, as Onlycoins’ commission is 10% in comparison to Onlyfans.
The Onlycoins’ commission rate outperforms all the popular fee models on well known sites like Manyvids (30%), Pornhub (32%), and Clips4sale (40%). Moreover, Onlycoins members get paid directly with bitcoin cash (BCH), as the platform offers each individual a BCH wallet. Onlycoins does detail that the project is still in its alpha phase, and stresses to only deposit small amounts of BCH on the platform for now.
Onlycoins Starts to Fill With Members and Pay-per-View Content
Registering for Onlycoins simply takes an email, and then the user can create their profile. Thanks to David Bond’s recent video and mentions on social media platforms like noise.cash, the website onlycoins.app is already filling up with members.
Of course, similarly to Onlyfans, the BCH-fueled Onlycoins has a bunch of adult-themed entertainment. Right now, scanning through the website’s feed, PPV features for pictures from a number of Onlycoins members can cost between $0.10 to upwards of $1 to unlock the content.
The Onlycoins developers also note that as development continues, the site may progress to a more “polished form,” at which time the commission rate may change. However, Onlycoins emphasizes that It is “absolutely our intention to remain cheaper than any relevant competition.” By leveraging a peer-to-peer cryptocurrency like BCH, the platform could easily continue offering competitive commission rates.
What do you think about the Onlycoins app? Let us know what you think about this subject in the comments section below.
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