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

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

Seems like one is not equal to the others...

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

TE-FOOD usage in Vietnam.

https://twitter.com/TE_FOOD/status/1014420731076206593

Rumor says a listing related announcement is incoming.

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

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/

ZB EOS is suspected of openly engaging in vote-buying.

Does not violate the new EOS constitution apparently as Larimer believes vote buying is too ambiguous to hard code into the constitution (!?).

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

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.

Part 1/2

FOAM
Website: foam.space
Telegram: https://t.me/foamspace
Whitepaper: https://www.foam.space/publicAssets/FOAM_Whitepaper.pdf
Github: https://github.com/f-o-a-m/

- FOAM is an open protocol for decentralized, geospatial data markets. It aims to build a consensus driven map of the world which is meant to be censorship resistant and based off of crypto-economic incentives and rewards.
- Two main players in real world mapping are Google Maps and OpenStreetMap (OSM). Google Map Maker is a closed system where all of the information you submit becomes property of Google. On the other hand, OSM is using a Wikipedia-like model to create free, editable maps of the world made entirely by voluntary efforts. There is no ownership in OSM, but using the blockchain FOAM wants to introduce value and means to reward contributors and incentivize both providers and users of the system. OSM is for example being used by Craigslist, OsmAnd, Geocaching, MapQuest Open, JMP statistical software, Foursquare and partially Apple.
- Token utility:
a) The FOAM Token Curated Registry unlocks mapping in a secure and permissionless fashion and allows locations to be ranked and maintained by token balances. Users can deposit FOAM Tokens into POIs (Points of Interest) on the map to increase attention those POIs might receive. More info: https://blog.foam.space/foam-main-net-preview-token-curated-registries-for-geographic-points-of-interest-af3f0eba5cee
b) Signaling is a mechanism designed to allow Cartographers to incentivize the expansion and geographic coverage of the FOAM network. To Signal, a Cartographer stakes FOAM Tokens to a Signaling smart contract by reference to a particular area. These staked tokens serve as indicators of demand, and are proportionate to (i) the length of time staking (the earlier, the better), and (ii) the number of tokens staked (the less well-served areas, the better).
c) Be rewarded for their own efforts with new FOAM Tokens in the form of mining rewards. Devices and real world contracts can be programmed to designate attestations and track interactions and transactions on the map. With the addition of necessary radio hardware (LPWAN) by individual users, it may be possible for location status to be proved in a different manner. Location could be proved through a time synchronization protocol that would ensure continuity of a distributed clock, whereby specialized hardware could synchronize nodes’ clocks over radio to provide location services in a given area.
- FOAM hopes to foster an ecosystem of applications in an array of verticals to potentially benefit immensely from secure verified location data that can be used to prevent fraud. Potential use cases are supply chain, energy markets, real estates, location based games,... Spatial Index & Visualizer along with the CSC enables anyone to build an application around the FOAM proof of location protocol or independantly for their own needs.
Product: The Spatial Index & Visualizer is currently in beta. You can test it out at https://beta.foam.space.
- Mainnet with Signaling and Static Proof of Location will be launched within a month after the token sale. This is a true utility token as all FOAM Token purchasers must prove their use of the FOAM Token upon receipt of their FOAM Tokens to be able to unlock them. Token holders can do this through either of the two initial utilities: (i) staking to a TCR, or (i) staking to the Signal smart contract on the Spatial Index.
- The token sale has a hard cap of $24 million and a soft cap of $15 million. These metrics will be priced in Ether at the time of the token sale.

— CONTINUES IN NEXT POST —

— CONTINUES FROM PREVIOUS POST —

Part 2/2

FOAM
Website: foam.space
Telegram: https://t.me/foamspace
Whitepaper: https://www.foam.space/publicAssets/FOAM_Whitepaper.pdf
Github: https://github.com/f-o-a-m/

- 25% of the token supply is for Advisors, Partners, Employees, Founders and a Reserve for grants and a foundation. 30% of the FOAM Token supply will be sold to purchasers. 25% of the FOAM Token supply is set aside for compensatory purposes, and 10% will be allocated to a Reserve intended for grants to developers, or other purposes related to use of the FOAM protocol. 35% of the supply is for the mining rewards to Zone anchors.

- 10 person team, 4 engineers, including some formerly involved in Blockapps, Consensys, OSM and others. Most of the team is connected to Blockapps which is a company incubated out of Consensys in 2015 to develop blockchain-as-a-service platform on the market. The rest are connected with urban development and architecture. BlockTower (Ari Paul) are investing, and FOAM joined the Ethereum Enterprise Alliance. However, we would like to see more business and crypto connected people and advisors.

- For better or for worse, FOAM is not a project that will rely on fake hype, dodgy marketing and Quarkchain level of tricks. They are a serious goal orientated blokchain based project (and opposite of 99% of ICOs out there). Mainnet is a starting with the token sale, there are no bonuses, and to unlock tokens you need to use them. Is this the beginning of a new era and a higher standard of ICOs, or a remnant of a time passed by (FOAM was founded in 2015) remains to be seen.