"NULS main-net will launch soon"
https://medium.com/@nuls/announcement-nuls-test-net-upgrade-version-vo-9-11-cd275d8e7a57
https://medium.com/@nuls/announcement-nuls-test-net-upgrade-version-vo-9-11-cd275d8e7a57
Medium
Response to
Dear NULS community
Cardstack ICO unlock explanation
There was a high level of congestion on the Ethereum network during the 24 hours leading up to the time of unlock, where some transactions even with high gas price took more than 15 minutes to mine. Recommended gas price reached as high as 500 gwei at one point of the day. As a precaution to avoid extreme delay of the unlocking time due to main net congestion, our operations team decided to submit the transaction to unlock prior to the promised time of unlocking, with the aim that the unlock to land right on time as we have factored the running average of time to mine considering the congestion at that point of the day. That transaction mined quicker than projected and was mined on Mainet before 11PM PST. No one has advanced information of the submission of the unlocking transaction, except the people in our operations room.
Leading up to the hour of unlocking, we can see on main net there were repeated attempts to send transfer transactions that were blocked by the smart contract and ultimately failed. After unlocking command was mined, some of those transactions went through, but we do not know who or what those transactions are. No transactions prior to the official announced unlock time of 23:00 PT was submitted from our team or any parties related to us.
Source: Cardstack telegram
There was a high level of congestion on the Ethereum network during the 24 hours leading up to the time of unlock, where some transactions even with high gas price took more than 15 minutes to mine. Recommended gas price reached as high as 500 gwei at one point of the day. As a precaution to avoid extreme delay of the unlocking time due to main net congestion, our operations team decided to submit the transaction to unlock prior to the promised time of unlocking, with the aim that the unlock to land right on time as we have factored the running average of time to mine considering the congestion at that point of the day. That transaction mined quicker than projected and was mined on Mainet before 11PM PST. No one has advanced information of the submission of the unlocking transaction, except the people in our operations room.
Leading up to the hour of unlocking, we can see on main net there were repeated attempts to send transfer transactions that were blocked by the smart contract and ultimately failed. After unlocking command was mined, some of those transactions went through, but we do not know who or what those transactions are. No transactions prior to the official announced unlock time of 23:00 PT was submitted from our team or any parties related to us.
Source: Cardstack telegram
Binance has removed all prior existing API keys and has now re-enabled API key creation. API users may now recreate their API keys from their user account center.
https://support.binance.com/hc/en-us/articles/360006669852
https://support.binance.com/hc/en-us/articles/360006669852
SYS Binance hack play by play.
1. Hackers mined lots of SYS.
2. They deposited to Binance.
3. Used hacked API bots and/or spoofed automated liquidity bots to buy their sells.
4. 7000 BTC from those sell orders transfered out of Binance.
Source: https://twitter.com/Ruben_Rotterdam/status/1014295128293376000
1. Hackers mined lots of SYS.
2. They deposited to Binance.
3. Used hacked API bots and/or spoofed automated liquidity bots to buy their sells.
4. 7000 BTC from those sell orders transfered out of Binance.
Source: https://twitter.com/Ruben_Rotterdam/status/1014295128293376000
Twitter
Ʀu฿en
#Syscoin Binance hack in steps: 1. Mine alot of $SYS 2. Send $SYS to Binance 3. Set very high sells vs. $BTC 4. Hack Binance API 5. Use $BTC of Binance users that use API to buy $SYS 6. Take over $SYS mining power to prevent rollback of chain 7. Hope to get…
Atonomi addresses token unlock
"Hello everyone, I would also like to address the question about the token unlock; this seems to be a common question. We are working to clear the public token buyers through the required security background checks. There were 14,000 buyers in our public sale and the process is time consuming. The tokens will not be unlocked until we can guarantee the identity and source of funding for every token purchaser to ensure there is no illegal activities. Please be patient and know that we are taking theses steps and the necessary time to protect the interest of all. We originally estimated this process to take four week, it is taking longer then expected."
Source: Atonomi Telegram
"Hello everyone, I would also like to address the question about the token unlock; this seems to be a common question. We are working to clear the public token buyers through the required security background checks. There were 14,000 buyers in our public sale and the process is time consuming. The tokens will not be unlocked until we can guarantee the identity and source of funding for every token purchaser to ensure there is no illegal activities. Please be patient and know that we are taking theses steps and the necessary time to protect the interest of all. We originally estimated this process to take four week, it is taking longer then expected."
Source: Atonomi Telegram
A secret recording of the biggest Chinese bitcoin Tycoon Li Xiaolai has emerged yesterday on Chinese social media. In this recording, he calls out many big names in the crypto space as “cheaters” and scammers. Has caused a huge uproar in the Chinese Crypto scene.
https://www.asiacryptotoday.com/chinese-bitcoin-billionare-li-xiaolai-secrectly-recorded-outing-many-big-names-in-crypto/
https://www.asiacryptotoday.com/chinese-bitcoin-billionare-li-xiaolai-secrectly-recorded-outing-many-big-names-in-crypto/
Asia Crypto Today
Chinese Bitcoin Billionaire Li Xiaolai Secretly recorded - Asia Crypto Today
A secret recording of the biggest Chinese Bitcoin Tycoon Li Xiaolai has emerged yesterday on Chinese social media. In this recording, he calls out many big names in the crypto space as “cheaters” and scammers. Has caused a huge uproar in the Chinese Crypto…
The South Korean government is drafting major new industry classification standards for the domestic blockchain industry, local crypto news outlet The BChain reports Thursday, July 5.
Three Korean ministries - the National Statistical Office, the Ministry of Science and Technology, and the Ministry of Information and Communication - are said to have been working since the end of last month to produce the final draft of a new blockchain industry classificatory scheme by the end of July.
https://cointelegraph.com/news/south-korea-legitimizes-blockchain-industry-with-major-new-classification-standards
Three Korean ministries - the National Statistical Office, the Ministry of Science and Technology, and the Ministry of Information and Communication - are said to have been working since the end of last month to produce the final draft of a new blockchain industry classificatory scheme by the end of July.
https://cointelegraph.com/news/south-korea-legitimizes-blockchain-industry-with-major-new-classification-standards
Cointelegraph
South Korea Legitimizes Blockchain Industry With Major New Classification Standards
The South Korean government is drafting major new industry classification standards for the blockchain industry.
Blockcloud
Website: block-cloud.io
Telegram: https://t.me/BlockcloudTeam
Whitepaper: www.block-cloud.io/blockcloudtechnicalwhitepaper.pdf
- Internet of Things (IoT) defines the interconnection of devices embedded in everyday objects, enabling them to send and receive data. Blockcloud is building a blockchain-based advanced TCP/IP architecture that aims to fix connectivity, scalability, trust and security issues.
- Blockcloud wants to design proof-of-service consensus for reliable verification of IoT services and develop CoDAG for fast recording of IoT transactions.
- It also wants to create a marketplaces to enable new enable new peer to-peer economic models: anyone can publish a service to Blockcloud, and anyone can subscribe a service from Blockcloud. There is no central party to stop someone from doing so. The truthful continuous double auction (TCDA) will ensure fair pricing and matching of services.
- Token utility: service providers are rewarded with tokens for contributing to the network and miners for verifying the network.
- Roadmap is very long: Q4 2018 for testnet, and Q2 2019 for main testnet (?). Mainnet? Unknown. That is almost a year between the token sale and even the testnet. Hardly a “utility token”.
- Hardcap is not excessive at $15M, but given they have no product at the moment but only a 19 page whitepaper - thats about $800k per page. Which is a fair valuation for using LaTex. To be fair Blockcloud claims its network has connected more than 8 million users and 7 million devices - but not using blockchain.
- The team is experienced in IoT and blokchain and has a good technical, academic and business background. Zhongxing Ming the CEO and Dai Pan the COO are connected through Shenzhen Oudmon Technology which focuses on R&D and manufacturing intelligent health risk detection products (on of the intented applications of Blockcloud) and whose core team comes from top Chinese universities Tsinghua University and Peking University. Rest of the team has Berkley, Wharton, Princeton, Alibaba, Baidu,... connections. The Technique Advisor is all you could want for this type of project and the Business Advisor Board has Roger Lim from NEO Global Capital.
- Current notable investors are Genesis Capital, OK Blockchain Capital, Kucoin, Neo Global Capital, Node Capital, BlockVC, Signum and Kosmos.
- Team and foundation are keeping 40% of tokens with unknown vesting, and only 20% of tokens are offered in the sale. Private Sales Locking Mechanism: First release 20% before exchange listed, then release 10% every month 2 months after exchange listed, finish releasing in 8 months.
- In summary: top team and reasonable hardcap, but no existing product (not even a date given for mainnet) and low percentage of tokens offered to the public compared to what the team and “family and friends” receive at unknown discounts and with unknown vesting. Potentially top project but raising funds about 6 months too early. If we are talking about selling utility tokens, and the date when the tokens will used is +1 year - then what are we talking about? With current regulations, crypto projects have no actual legal obligations to investors, but if there is not even a way to use the tokens in the foreseeable future - we are expected to buy fairy dust.
Website: block-cloud.io
Telegram: https://t.me/BlockcloudTeam
Whitepaper: www.block-cloud.io/blockcloudtechnicalwhitepaper.pdf
- Internet of Things (IoT) defines the interconnection of devices embedded in everyday objects, enabling them to send and receive data. Blockcloud is building a blockchain-based advanced TCP/IP architecture that aims to fix connectivity, scalability, trust and security issues.
- Blockcloud wants to design proof-of-service consensus for reliable verification of IoT services and develop CoDAG for fast recording of IoT transactions.
- It also wants to create a marketplaces to enable new enable new peer to-peer economic models: anyone can publish a service to Blockcloud, and anyone can subscribe a service from Blockcloud. There is no central party to stop someone from doing so. The truthful continuous double auction (TCDA) will ensure fair pricing and matching of services.
- Token utility: service providers are rewarded with tokens for contributing to the network and miners for verifying the network.
- Roadmap is very long: Q4 2018 for testnet, and Q2 2019 for main testnet (?). Mainnet? Unknown. That is almost a year between the token sale and even the testnet. Hardly a “utility token”.
- Hardcap is not excessive at $15M, but given they have no product at the moment but only a 19 page whitepaper - thats about $800k per page. Which is a fair valuation for using LaTex. To be fair Blockcloud claims its network has connected more than 8 million users and 7 million devices - but not using blockchain.
- The team is experienced in IoT and blokchain and has a good technical, academic and business background. Zhongxing Ming the CEO and Dai Pan the COO are connected through Shenzhen Oudmon Technology which focuses on R&D and manufacturing intelligent health risk detection products (on of the intented applications of Blockcloud) and whose core team comes from top Chinese universities Tsinghua University and Peking University. Rest of the team has Berkley, Wharton, Princeton, Alibaba, Baidu,... connections. The Technique Advisor is all you could want for this type of project and the Business Advisor Board has Roger Lim from NEO Global Capital.
- Current notable investors are Genesis Capital, OK Blockchain Capital, Kucoin, Neo Global Capital, Node Capital, BlockVC, Signum and Kosmos.
- Team and foundation are keeping 40% of tokens with unknown vesting, and only 20% of tokens are offered in the sale. Private Sales Locking Mechanism: First release 20% before exchange listed, then release 10% every month 2 months after exchange listed, finish releasing in 8 months.
- In summary: top team and reasonable hardcap, but no existing product (not even a date given for mainnet) and low percentage of tokens offered to the public compared to what the team and “family and friends” receive at unknown discounts and with unknown vesting. Potentially top project but raising funds about 6 months too early. If we are talking about selling utility tokens, and the date when the tokens will used is +1 year - then what are we talking about? With current regulations, crypto projects have no actual legal obligations to investors, but if there is not even a way to use the tokens in the foreseeable future - we are expected to buy fairy dust.