Weak User Counts Signal ‘Panic Sell’ For Most Cryptocurrency Tokens: Researcher
Last week, cryptocurrency researcher Kevin Rooke questioned the ability of Ethereum and EOS to support decentralized applications (dApps), given the dearth of users on those blockchains.
Now he’s wondering if most cryptocurrencies are getting enough use. He recently observed in a tweet that only 27 cyrptocurrency tokens had 400 or more active users in a 24-hour period, commenting, “You’d think if ever a time to ‘buy the tip’ or ‘panic the sell,’ it would be today.”
Rooke’s tweet generated a barrage of comments, some believing he raised a valid point, but many questioning the importance of his observation and some questioning the data he based it on.
Rooke compiled an index of cryptocurrencies with 400 or more active addresses in a 24-hour period on Sept. 5, as listed on the OnChainFX cryptocurrency research website.
His index focuses on a metric that reflects the extent to which cryptos are used for transactions, a feature that was one of bitcoin’s primary purposes.
And in comparing Rooke’s index to the currencies’ 24-hour volumes, there was a fair amount of correspondence. Bitcoin and Ethereum led both lists, for example, but there were some discrepancies.
User Counts Versus Transaction Volume
Number three on Rooke’s index was Dogecoin, with 135,222 active addresses in the 24-hour period. Dogecoin’s 24-hour volume, however, was just under $37 million, below that of 16 other cryptos: XRP, Bitcoin Cash, EOS, Stellar, Litecoin, Tether, Cardano, IOTA, Dash, TRON, NEO, Ethereum Classic, Zcash, Ontology, Qtum and Bytom.
The disparity isn’t based on an “apples to apples” comparison, as Rooke’s index shows the number of users making transactions as opposed to transaction volume. But at the same time, the fact that XRP did not appear on Rooke’s index when it accounted for more than $227 million in 24-hour volume raised questions. According to OnChainFX, XRP showed “no data” for 24-hour active addresses.
Data Incomplete
When one tweeter pointed out that OnChainFX shows no active XRP users, Rooke said XRP has other data missing as well, and postulated that some of the data cannot be gathered on the XRP ledger.
BitShares, which did close to $9 million in 24-hour volume, also registered “no data” for active addresses on OnChainFX and does not appear on Rooke’s index. The same was true for Steem, which did close to $8 million in 24-hour volume.
Binance Coin did not make Rooke’s index either, as it only posted 271 active users according to OnChainFX, but it accounted for $19.247 million in 24-hour volume. NEM also failed to make the index, as OnChainFX didn’t list it at all, while the crytpocurrency registered $12.563 million in 24-hour volume.
Conversely, PIVX, ranking number 17 on Rooke’s index with 2,971 active users, only did $238,709 in 24-hour volume, and Vertcoin, number 18 on the index with 2,336 active users, did $241,649 in 24-hour volume.
Last week, cryptocurrency researcher Kevin Rooke questioned the ability of Ethereum and EOS to support decentralized applications (dApps), given the dearth of users on those blockchains.
Now he’s wondering if most cryptocurrencies are getting enough use. He recently observed in a tweet that only 27 cyrptocurrency tokens had 400 or more active users in a 24-hour period, commenting, “You’d think if ever a time to ‘buy the tip’ or ‘panic the sell,’ it would be today.”
Rooke’s tweet generated a barrage of comments, some believing he raised a valid point, but many questioning the importance of his observation and some questioning the data he based it on.
Rooke compiled an index of cryptocurrencies with 400 or more active addresses in a 24-hour period on Sept. 5, as listed on the OnChainFX cryptocurrency research website.
His index focuses on a metric that reflects the extent to which cryptos are used for transactions, a feature that was one of bitcoin’s primary purposes.
And in comparing Rooke’s index to the currencies’ 24-hour volumes, there was a fair amount of correspondence. Bitcoin and Ethereum led both lists, for example, but there were some discrepancies.
User Counts Versus Transaction Volume
Number three on Rooke’s index was Dogecoin, with 135,222 active addresses in the 24-hour period. Dogecoin’s 24-hour volume, however, was just under $37 million, below that of 16 other cryptos: XRP, Bitcoin Cash, EOS, Stellar, Litecoin, Tether, Cardano, IOTA, Dash, TRON, NEO, Ethereum Classic, Zcash, Ontology, Qtum and Bytom.
The disparity isn’t based on an “apples to apples” comparison, as Rooke’s index shows the number of users making transactions as opposed to transaction volume. But at the same time, the fact that XRP did not appear on Rooke’s index when it accounted for more than $227 million in 24-hour volume raised questions. According to OnChainFX, XRP showed “no data” for 24-hour active addresses.
Data Incomplete
When one tweeter pointed out that OnChainFX shows no active XRP users, Rooke said XRP has other data missing as well, and postulated that some of the data cannot be gathered on the XRP ledger.
BitShares, which did close to $9 million in 24-hour volume, also registered “no data” for active addresses on OnChainFX and does not appear on Rooke’s index. The same was true for Steem, which did close to $8 million in 24-hour volume.
Binance Coin did not make Rooke’s index either, as it only posted 271 active users according to OnChainFX, but it accounted for $19.247 million in 24-hour volume. NEM also failed to make the index, as OnChainFX didn’t list it at all, while the crytpocurrency registered $12.563 million in 24-hour volume.
Conversely, PIVX, ranking number 17 on Rooke’s index with 2,971 active users, only did $238,709 in 24-hour volume, and Vertcoin, number 18 on the index with 2,336 active users, did $241,649 in 24-hour volume.
Chinese traders are still investing in Bitcoin by exploiting crypto ban
Although the Chinese government has hailed their crypto ban as successful, it appears that traders have found multiple ways to circumvent the ban despite tightening scrutiny on crypto by state regulators. Exchanges are also finding ways to avoid being shut down by the government, enabling trading for Chinese citizens.
Chinese state-run newspaper, the Shanghai Securities Times, reported in late August that authorities are moving swiftly to block access to exchanges that are operating illegally, and blocked access to an additional 124 offshore exchanges providing services to Chinese citizens.
The offshore exchanges exploited weaknesses in the government’s ban by frequently changing their domain names in order to avoid detection. They also moved their servers to countries outside of the Chinese mainland, making it incredibly difficult for authorities for monitor and block the illicit exchanges.
In July, the Central Bank of China released a report that claimed that the country’s cryptocurrency ban had been incredibly successful, reducing Yuan trading activity to under 1%, while the currency once accounted for 90% of global trading volume.
Following the ban, the government moved to shut down as many high-profile exchanges, ICOs and crypto projects as possible, rapidly reducing trading volume and scaring citizens away from the markets.
Although state regulators are frequently shutting down illegal ICOs and blocking access to offshore exchanges, it does not appear that the government will ever be able to fully eradicate access to cryptocurrency exchanges.
Following the report that claimed regulators are stepping up their actions against illegally operating exchanging, Chinese trading volume dropped 33%, signaling that traders are likely moving their cryptos to cold storage wallets due to the risk involved with holding their digital currencies on an exchange.
In addition to utilizing illegally operating exchanges, Chinese traders are also using peer-to-peer trading to circumvent the ban, exchanging cryptocurrency between wallets directly, without using a middle-man, like an exchange. These types of transactions are done by converting fiat currency to Tether and sending that as payment in exchange for virtual currencies, with all the online actions being done through a Virtual Private Networks (VPNs).
The government has not yet taken actions to block VPNs, although a ban on the use of these tools would make peer-to-peer cryptocurrency transactions more difficult to conduct.
Some Chinese companies, including WeChat, Tencent, and Ant Financial, have all taken actions to block cryptocurrency trading on their social platforms in an effort to be more compliant with the government’s regulators.
Although the Chinese government has hailed their crypto ban as successful, it appears that traders have found multiple ways to circumvent the ban despite tightening scrutiny on crypto by state regulators. Exchanges are also finding ways to avoid being shut down by the government, enabling trading for Chinese citizens.
Chinese state-run newspaper, the Shanghai Securities Times, reported in late August that authorities are moving swiftly to block access to exchanges that are operating illegally, and blocked access to an additional 124 offshore exchanges providing services to Chinese citizens.
The offshore exchanges exploited weaknesses in the government’s ban by frequently changing their domain names in order to avoid detection. They also moved their servers to countries outside of the Chinese mainland, making it incredibly difficult for authorities for monitor and block the illicit exchanges.
In July, the Central Bank of China released a report that claimed that the country’s cryptocurrency ban had been incredibly successful, reducing Yuan trading activity to under 1%, while the currency once accounted for 90% of global trading volume.
Following the ban, the government moved to shut down as many high-profile exchanges, ICOs and crypto projects as possible, rapidly reducing trading volume and scaring citizens away from the markets.
Although state regulators are frequently shutting down illegal ICOs and blocking access to offshore exchanges, it does not appear that the government will ever be able to fully eradicate access to cryptocurrency exchanges.
Following the report that claimed regulators are stepping up their actions against illegally operating exchanging, Chinese trading volume dropped 33%, signaling that traders are likely moving their cryptos to cold storage wallets due to the risk involved with holding their digital currencies on an exchange.
In addition to utilizing illegally operating exchanges, Chinese traders are also using peer-to-peer trading to circumvent the ban, exchanging cryptocurrency between wallets directly, without using a middle-man, like an exchange. These types of transactions are done by converting fiat currency to Tether and sending that as payment in exchange for virtual currencies, with all the online actions being done through a Virtual Private Networks (VPNs).
The government has not yet taken actions to block VPNs, although a ban on the use of these tools would make peer-to-peer cryptocurrency transactions more difficult to conduct.
Some Chinese companies, including WeChat, Tencent, and Ant Financial, have all taken actions to block cryptocurrency trading on their social platforms in an effort to be more compliant with the government’s regulators.
Intercontinental Exchange May Be a Blessing and a Curse
There are few traders who aren’t aware that the Intercontinental Exchange (ICE) joined the cryptocurrency party several weeks ago. It turned into some of the biggest news of the year so far. What exactly does this mean for the crypto and global markets?
Few institutions are more entitled to discuss technology than MIT. That’s exactly why the MIT Technology Review has just published a piece on this major event for both crypto and global markets. According to the Review, a mass of institutional investors in waiting for a sign to bring money to the table have just received the sign. Perhaps the ICE will provide just the controlled environment they needed in order to boost their confidence in cryptocurrencies.
However, a surprise may be in store as ICE attempts to apply the same rules used for financial markets to crypto. Yet, the two are fundamentally different. Don’t forget the roots of Bitcoin as an alternative to everything that money, banks, and finance represent: it is the opposite of many facets typically related to money and stocks. In fact, Bitcoin — and cryptocurrency as a concept — solve many of the issues and anomalies presented by stock markets. Wall Street and blockchain savvy “evangelist” Caitlin Long explained why Bitcoin’s “perfection” can turn into a major disadvantage for those who treat it as a common stock or asset.
Cryptocurrencies Are the Answer Where the Stock Market Fails
✅Cryptocurrencies are owned and managed by the trader him/herself, while stocks and assets are possessed by market mediators (e.g. exchanges), really.
✅Cryptocurrency transactions and related operations run on a distributed, (most often) decentralized ledger, and are therefore immutable. Wall Street companies can manipulate transaction/asset ownership in order to appear as if stocks were their own.
✅The blockchain solves the double-spending problem. When stocks, transactions, and markets are managed by centralized institutions, the trading process is exposed to a variety of technical vulnerabilities. Some are quite serious. MIT points out to the case of Dole Foods in 2015-2016 when the company apparently sold 33% more share than it actually had for sale due to a glitch in the trading process.
To end on a positive note, Long also pointed out the advantages this move will bring to the market in an earlier article in Forbes. Long thinks that ICE’s upcoming cryptocurrency exchange provides a solution to the custody issue encountered by big investors (managing >$150 million) who are required by the SEC to collaborate with a qualified custodian. The exchange will also add a certain degree of confidence, and a note of “mainstream adoption.”
Finally, the fact that cryptocurrencies solve some problems of stock markets may determine how companies raise their capital through ICO’s. “I doubt it will be very long before major corporate issuers join Telegram and Eastman Kodak in raising capital via these markets,” was Long’s conclusion.
There are few traders who aren’t aware that the Intercontinental Exchange (ICE) joined the cryptocurrency party several weeks ago. It turned into some of the biggest news of the year so far. What exactly does this mean for the crypto and global markets?
Few institutions are more entitled to discuss technology than MIT. That’s exactly why the MIT Technology Review has just published a piece on this major event for both crypto and global markets. According to the Review, a mass of institutional investors in waiting for a sign to bring money to the table have just received the sign. Perhaps the ICE will provide just the controlled environment they needed in order to boost their confidence in cryptocurrencies.
However, a surprise may be in store as ICE attempts to apply the same rules used for financial markets to crypto. Yet, the two are fundamentally different. Don’t forget the roots of Bitcoin as an alternative to everything that money, banks, and finance represent: it is the opposite of many facets typically related to money and stocks. In fact, Bitcoin — and cryptocurrency as a concept — solve many of the issues and anomalies presented by stock markets. Wall Street and blockchain savvy “evangelist” Caitlin Long explained why Bitcoin’s “perfection” can turn into a major disadvantage for those who treat it as a common stock or asset.
Cryptocurrencies Are the Answer Where the Stock Market Fails
✅Cryptocurrencies are owned and managed by the trader him/herself, while stocks and assets are possessed by market mediators (e.g. exchanges), really.
✅Cryptocurrency transactions and related operations run on a distributed, (most often) decentralized ledger, and are therefore immutable. Wall Street companies can manipulate transaction/asset ownership in order to appear as if stocks were their own.
✅The blockchain solves the double-spending problem. When stocks, transactions, and markets are managed by centralized institutions, the trading process is exposed to a variety of technical vulnerabilities. Some are quite serious. MIT points out to the case of Dole Foods in 2015-2016 when the company apparently sold 33% more share than it actually had for sale due to a glitch in the trading process.
To end on a positive note, Long also pointed out the advantages this move will bring to the market in an earlier article in Forbes. Long thinks that ICE’s upcoming cryptocurrency exchange provides a solution to the custody issue encountered by big investors (managing >$150 million) who are required by the SEC to collaborate with a qualified custodian. The exchange will also add a certain degree of confidence, and a note of “mainstream adoption.”
Finally, the fact that cryptocurrencies solve some problems of stock markets may determine how companies raise their capital through ICO’s. “I doubt it will be very long before major corporate issuers join Telegram and Eastman Kodak in raising capital via these markets,” was Long’s conclusion.
TrueChain (TRUE), Arcblock (ABT) jump on upcoming Bithumb listing
TrueChain (TRUE) and Arcblock (ABT) leaped around 35% and nearly 50%, respectively, on a daily basis on Friday morning UTC after Bithumb, one of the leading crypto exchanges, said in a blog post it would list both coins next week. The South Korea-based operator published its announcement at 00:50 UTC on Friday, which immediately provided a major boost to TRUE and ABT prices.
TrueChain, the native coin behind a blockchain platform for building decentralized applications (dApps), was changing hands at $0.48 at 00:44 but jumped to $0.61 around 15 minutes after the Bithumb announcement. Seven hours later, the asset was trading at $0.59, making for an increase of 34.83% on a daily basis.
TRUE currently ranks at number 154 in the market capitalization list with nearly $27.8 million in value. It clocked about $70 million in trading volume over the last 24 hours, with OKEx trading pairs with Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) accounting for $54.5 million of it. OEX TRUE markets with BTC and Chinese yuan contributed $15.2 million.
Bithumb’s announcement also triggered a significant price rise for Arcblock, another native coin in a dApps blockchain project. ABT was trading at $0.22 at 00:49 UTC on Friday but jumped to $0.29 around half an hour after South Korean exchange published its post. At 08:13 UTC, the coin was priced at $0.28, translating into a daily increase of 49.37%.
Arcblock sits at number 161 by value with a $26.3 million market cap. Its trading volume in the past day was $34.9 million, of which $23 million came from Lbank markets with BTC and ETH.
The exchange will offer one trading pair for both TRUE and ABT, the other half being Korea’s national fiat currency, the won. Bithumb will open buying and selling services on September 12 at 15:00 UTC, with deposits to be available at the same time on September 8.
Bithumb is one of the largest cryptocurrency exchanges, its volume in the last 24 hours reaching $464 million. After the hack attack it experienced in June, the platform has partially resumed deposit and withdrawal services for the coins listed during the security breach.
TrueChain (TRUE) and Arcblock (ABT) leaped around 35% and nearly 50%, respectively, on a daily basis on Friday morning UTC after Bithumb, one of the leading crypto exchanges, said in a blog post it would list both coins next week. The South Korea-based operator published its announcement at 00:50 UTC on Friday, which immediately provided a major boost to TRUE and ABT prices.
TrueChain, the native coin behind a blockchain platform for building decentralized applications (dApps), was changing hands at $0.48 at 00:44 but jumped to $0.61 around 15 minutes after the Bithumb announcement. Seven hours later, the asset was trading at $0.59, making for an increase of 34.83% on a daily basis.
TRUE currently ranks at number 154 in the market capitalization list with nearly $27.8 million in value. It clocked about $70 million in trading volume over the last 24 hours, with OKEx trading pairs with Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) accounting for $54.5 million of it. OEX TRUE markets with BTC and Chinese yuan contributed $15.2 million.
Bithumb’s announcement also triggered a significant price rise for Arcblock, another native coin in a dApps blockchain project. ABT was trading at $0.22 at 00:49 UTC on Friday but jumped to $0.29 around half an hour after South Korean exchange published its post. At 08:13 UTC, the coin was priced at $0.28, translating into a daily increase of 49.37%.
Arcblock sits at number 161 by value with a $26.3 million market cap. Its trading volume in the past day was $34.9 million, of which $23 million came from Lbank markets with BTC and ETH.
The exchange will offer one trading pair for both TRUE and ABT, the other half being Korea’s national fiat currency, the won. Bithumb will open buying and selling services on September 12 at 15:00 UTC, with deposits to be available at the same time on September 8.
Bithumb is one of the largest cryptocurrency exchanges, its volume in the last 24 hours reaching $464 million. After the hack attack it experienced in June, the platform has partially resumed deposit and withdrawal services for the coins listed during the security breach.
🔜 Mobu (MOBU)
Mobu is a decentralised platform and end-to-end solution for launching compliant security tokens - "The Future of Security tokens".
The 80 Trillion dollar big securities market is coming to the blockchain. But there are still plenty of problems which occur when launching a security token. One of the main problems which arise when planning on launching a security token is the fact that it is a legal, regulatory and technical nightmare launching one. Furthermore, until now there is also no trusted competitive environment for ICO service providers to ensure lower pricing and better quality.
Those problems MOBU aims to solve.
MOBU is an ecosystem/marketplace that implements a unique MOB20 standard protocol to ensure compliant security tokens and similar to how the HTTP protocol defined the internet, the MOB20 protocol aims to define a set of commands that a compliant security token should implement!
Mobu uses the blockchain technology to create a set of rules that govern the issuance of security tokens while programming them into smart contracts on the Ethereum blockchain. This way they are transparent and immutable. And they decide on security tokens due to the lower fees, the more complex versions of dividend policies and voting rights, the possibility to execute deals faster and succeed cross-border funding within a larger investor base, as well as suffering fewer manipulations by financial institutions.
In the Mobu ecosystem the token issuers(real future companies on MOBU) post bounties to get service providers, Developers earn MOBU tokens for creating smart contracts, KYC providers pay MOBU tokens to join the network/ecosystem, Investors pay MOBU tokens for KYC process, legal representatives and escrow providers earn MOBU tokens for offering services. Mobu additionally will steel bank partnerships to ensure FIAT can easily be converted to crypto all around the world and MOBU tokens can be earned worldwide. Furthermore, Lockup utility will ensure scarcity of MOBU tokens!
The Pre-ICO with up to 25% bonus will start on 1st of September, you can already put yourself on the interest list on their website by clicking "Register Your Interest" and filling out your data.
🔶 Documents:
📑 Whitepaper — Mobu Whitepaper
🔶 Additional links:
🌐 Website — mobu.io
✈️ Telegram — t.me/mobuCHAT
🕊 Twitter — twitter.com/MobuICO
📓 Facebook — facebook.com/MobuICO
🐣 Reddit — reddit.com/r/Mobu/
📸 Instagram — instagram.com/MobuICO/
🐱 Github — github.com/mobuadmin
🗣 Bitcointalk — bitcointalk.org/index.php?topic=4726508.0
📚 Bitcoin Wiki — en.bitcoinwiki.org/wiki/MOBU
📺 YouTube — Mobu YouTube channel
📝 Medium — medium.com/mobu-io
🔶 ICO-Dates:
Symbol: MOBU
Token type: ETH (ERC20)
ICO Price: 1 RBY = 0.15 USD
Min purchase: 0.1 ETH
Total supply: Tokens are only issued when physically sold
(350,000,000 tokens maximum possible supply, as per smart contract)
Soft cap: 1,000,000 USD
Hard cap: 35,000,000 USD
ICO Start date: 1st of December 2018
The Pre-ICO starts on 1st of September and comes with an up to 25% Bonus, visit their website and click on "Register Your Interest" to keep informed.
🔶 Our Score:
🌕🌕🌕🌕🌗 4.5/5
The Mobu project, which delivers a product which is genuinely needed, is managed by a strong team and advisory board with lots of experience in a broad spectrum. They have a detailed whitepaper and a clear vision while entering a vast market where up until now none competitor is active. Security tokens are apparently "the future of Crypto", and thus, we expect Mobu to be a strong player and a success story in this area. The MVP is announced for this month, just before the Pre-Sale starts, and once we had a chance to test the platform, we will consider to higher the current rating.
🔶 Promotional video: https://youtu.be/ydlXE_E2UUo
Mobu is a decentralised platform and end-to-end solution for launching compliant security tokens - "The Future of Security tokens".
The 80 Trillion dollar big securities market is coming to the blockchain. But there are still plenty of problems which occur when launching a security token. One of the main problems which arise when planning on launching a security token is the fact that it is a legal, regulatory and technical nightmare launching one. Furthermore, until now there is also no trusted competitive environment for ICO service providers to ensure lower pricing and better quality.
Those problems MOBU aims to solve.
MOBU is an ecosystem/marketplace that implements a unique MOB20 standard protocol to ensure compliant security tokens and similar to how the HTTP protocol defined the internet, the MOB20 protocol aims to define a set of commands that a compliant security token should implement!
Mobu uses the blockchain technology to create a set of rules that govern the issuance of security tokens while programming them into smart contracts on the Ethereum blockchain. This way they are transparent and immutable. And they decide on security tokens due to the lower fees, the more complex versions of dividend policies and voting rights, the possibility to execute deals faster and succeed cross-border funding within a larger investor base, as well as suffering fewer manipulations by financial institutions.
In the Mobu ecosystem the token issuers(real future companies on MOBU) post bounties to get service providers, Developers earn MOBU tokens for creating smart contracts, KYC providers pay MOBU tokens to join the network/ecosystem, Investors pay MOBU tokens for KYC process, legal representatives and escrow providers earn MOBU tokens for offering services. Mobu additionally will steel bank partnerships to ensure FIAT can easily be converted to crypto all around the world and MOBU tokens can be earned worldwide. Furthermore, Lockup utility will ensure scarcity of MOBU tokens!
The Pre-ICO with up to 25% bonus will start on 1st of September, you can already put yourself on the interest list on their website by clicking "Register Your Interest" and filling out your data.
🔶 Documents:
📑 Whitepaper — Mobu Whitepaper
🔶 Additional links:
🌐 Website — mobu.io
✈️ Telegram — t.me/mobuCHAT
🕊 Twitter — twitter.com/MobuICO
📓 Facebook — facebook.com/MobuICO
🐣 Reddit — reddit.com/r/Mobu/
📸 Instagram — instagram.com/MobuICO/
🐱 Github — github.com/mobuadmin
🗣 Bitcointalk — bitcointalk.org/index.php?topic=4726508.0
📚 Bitcoin Wiki — en.bitcoinwiki.org/wiki/MOBU
📺 YouTube — Mobu YouTube channel
📝 Medium — medium.com/mobu-io
🔶 ICO-Dates:
Symbol: MOBU
Token type: ETH (ERC20)
ICO Price: 1 RBY = 0.15 USD
Min purchase: 0.1 ETH
Total supply: Tokens are only issued when physically sold
(350,000,000 tokens maximum possible supply, as per smart contract)
Soft cap: 1,000,000 USD
Hard cap: 35,000,000 USD
ICO Start date: 1st of December 2018
The Pre-ICO starts on 1st of September and comes with an up to 25% Bonus, visit their website and click on "Register Your Interest" to keep informed.
🔶 Our Score:
🌕🌕🌕🌕🌗 4.5/5
The Mobu project, which delivers a product which is genuinely needed, is managed by a strong team and advisory board with lots of experience in a broad spectrum. They have a detailed whitepaper and a clear vision while entering a vast market where up until now none competitor is active. Security tokens are apparently "the future of Crypto", and thus, we expect Mobu to be a strong player and a success story in this area. The MVP is announced for this month, just before the Pre-Sale starts, and once we had a chance to test the platform, we will consider to higher the current rating.
🔶 Promotional video: https://youtu.be/ydlXE_E2UUo
Energy giant Engie and Maltem Consulting Group launch a blockchain studio
French energy company Engie and Maltem consulting group are creating a joint venture Blockchain Studio to democratize the use of new technology and provide access to it, as many people and companies as possible. According to a press release, the startup was initially provided with seed financing of € 1.9 million (about $ 2.3 million). "Blocking is a revolutionary technology that affects all sectors: from energy to banking, agricultural products or broad trade. However, most block-projects are stagnating at the stage of "proof of concept," the document says.
French energy company Engie and Maltem consulting group are creating a joint venture Blockchain Studio to democratize the use of new technology and provide access to it, as many people and companies as possible. According to a press release, the startup was initially provided with seed financing of € 1.9 million (about $ 2.3 million). "Blocking is a revolutionary technology that affects all sectors: from energy to banking, agricultural products or broad trade. However, most block-projects are stagnating at the stage of "proof of concept," the document says.
Orvium - Open and Transparent Science Powered By Blockchain
It is time to get involved and get the control back of the human knowledge.
Orvium is more than another startup — you are about to participate in a project driven by top engineers and scientists with many years of experience driving innovation at CERN, the birthplace of the Web, and NASA.
Orvium aims to disrupt one of the most lucrative industry world-wide, with profit margins reported to exceed those of companies such as Google, Amazon, and Apple, while making science more transparent, universal and open than ever. Orvium creates a unique decentralized platform powered by blockchain, decentralized storage, big data and artificial intelligence to create an unprecedented decentralized solution to process, validate, disseminate and preserve scientific knowledge forever.
We want you to be part of our future: Our TGE offers you the unique opportunity to buy ORVIUM tokens and join an excellent team. With your participation, we are going to scale science and become the leading publication platform while returning the benefits of science to society. The Web was originally designed to meet the demand for transparent and automatic information sharing between scientists around the world, lets do it now and for all.
Early-birds will be rewarded with a 10% bonus during our pre-sale.
Join us and be part of this exciting journey:
https://t.me/orvium
https://orvium.io
It is time to get involved and get the control back of the human knowledge.
Orvium is more than another startup — you are about to participate in a project driven by top engineers and scientists with many years of experience driving innovation at CERN, the birthplace of the Web, and NASA.
Orvium aims to disrupt one of the most lucrative industry world-wide, with profit margins reported to exceed those of companies such as Google, Amazon, and Apple, while making science more transparent, universal and open than ever. Orvium creates a unique decentralized platform powered by blockchain, decentralized storage, big data and artificial intelligence to create an unprecedented decentralized solution to process, validate, disseminate and preserve scientific knowledge forever.
We want you to be part of our future: Our TGE offers you the unique opportunity to buy ORVIUM tokens and join an excellent team. With your participation, we are going to scale science and become the leading publication platform while returning the benefits of science to society. The Web was originally designed to meet the demand for transparent and automatic information sharing between scientists around the world, lets do it now and for all.
Early-birds will be rewarded with a 10% bonus during our pre-sale.
Join us and be part of this exciting journey:
https://t.me/orvium
https://orvium.io
Telegram
Orvium
Public group of the Orvium Project orvium.io
South Korea calls for international cooperation for global regulation of the cryptocurrency
The South Korean Financial Supervision Service (FSS) has proposed to organize international cooperation between regulators from different countries to develop common norms regarding the Crypto and ICO markets.
The South Korean Financial Supervision Service (FSS) has proposed to organize international cooperation between regulators from different countries to develop common norms regarding the Crypto and ICO markets.
Despite Ban, China Keeps Trading Cryptocurrency Thanks to Tether and VPNs, Says Report
Chinese traders are using virtual private networks (VPNs) as a major tool to circumvent the ongoing government crackdown on cryptocurrency trading, local media outlet South China Morning Post (SCMP) reported September 8.
According to SCMP, referencing reports from Beijing-affiliated Shanghai Securities Times, traders have begun leveraging stablecoin Tether (USDT) as a means of entering and exiting cryptocurrency markets.
Combined with a VPN, two traders can use an exchange platform notionally registered outside China as an intermediary to swap cryptocurrency for fiat currency and vice versa.
Chinese traders are using virtual private networks (VPNs) as a major tool to circumvent the ongoing government crackdown on cryptocurrency trading, local media outlet South China Morning Post (SCMP) reported September 8.
According to SCMP, referencing reports from Beijing-affiliated Shanghai Securities Times, traders have begun leveraging stablecoin Tether (USDT) as a means of entering and exiting cryptocurrency markets.
Combined with a VPN, two traders can use an exchange platform notionally registered outside China as an intermediary to swap cryptocurrency for fiat currency and vice versa.
Binance, BitMEX & Coinbase All See Growth In 2018’s Bear Market
Although the crypto infrastructure platform has a lot going for it, to say the least, it wasn’t the only crypto-focused firm to see expansion and growth in 2018’s less-than-ideal bear market. BitMEX recently leased out a whole floor in Hong Kong’s Cheung Kong Center, one of the most exorbitant offices in the world, and is reportedly set to incur over $575,000 in monthly rental fees.
This goes to show that the exchange, which has become well-known for its margin features, is still raking in hefty profits, even amid questionable market conditions. Moreover, on two days in the past months, BitMEX has set industry records when it comes to trading volume (1,000,000 BTC+), which shows that the firm’s exchange system can still excel in rough market conditions.
Binance has also done well, with CEO Changpeng Zhao recently divulging that his firm is eyeing $1 billion in profits in 2018 alone. This substantial figure can be attributed to the firm’s rapidly growing user base, which has swelled to 10 million users as per Zhao’s statements. Attesting to the firm’s profit statistic, Dovey Wan, managing director of DanHua Capital, took to Twitter to note that Binance’s Q1 profits had actually surpassed the figures posted by Deutsche Bank and Nasdaq.
While this by no means shows that crypto is surpassing traditional markets, Wan indicated that these statistics show that decentralized technologies and markets hold “disruptive potential.”
Although the crypto infrastructure platform has a lot going for it, to say the least, it wasn’t the only crypto-focused firm to see expansion and growth in 2018’s less-than-ideal bear market. BitMEX recently leased out a whole floor in Hong Kong’s Cheung Kong Center, one of the most exorbitant offices in the world, and is reportedly set to incur over $575,000 in monthly rental fees.
This goes to show that the exchange, which has become well-known for its margin features, is still raking in hefty profits, even amid questionable market conditions. Moreover, on two days in the past months, BitMEX has set industry records when it comes to trading volume (1,000,000 BTC+), which shows that the firm’s exchange system can still excel in rough market conditions.
Binance has also done well, with CEO Changpeng Zhao recently divulging that his firm is eyeing $1 billion in profits in 2018 alone. This substantial figure can be attributed to the firm’s rapidly growing user base, which has swelled to 10 million users as per Zhao’s statements. Attesting to the firm’s profit statistic, Dovey Wan, managing director of DanHua Capital, took to Twitter to note that Binance’s Q1 profits had actually surpassed the figures posted by Deutsche Bank and Nasdaq.
While this by no means shows that crypto is surpassing traditional markets, Wan indicated that these statistics show that decentralized technologies and markets hold “disruptive potential.”
Ethereum World News
BitMEX Leases The World's Most Exorbitant Offices In Hong Kong - Ethereum World News
BitMEX, the world's most popular Bitcoin merchantile exchange, has reportedly just leased one of the most valuable office spaces in the world.
CRYPTOCARZ IS THE WORLD'S FIRST BLOCKCHAIN-ENABLED VR RACING EXPERIENCE
CRYPTOCARZ IS A MULTIPLAYER, VIRTUAL REALITY (VR)-ENABLED RACING EXPERIENCE, DEVELOPED USING THE ETHEREUM BLOCKCHAIN.
To play, users will have to load the car assets into the game from an Ethereum wallet, where they are stored as an ERC721 token. The ERC721 token has paved the way for a new class of digital assets called non-fungible tokens (NFTs). These allow users to own, customise and maintain control in the
same way as in the physical world.
Blockchain Studios contends that this new asset class opens up new opportunities for user engagement and ownership. We believe that the first wave of innovation will come from gaming. CryptoCarz is the first platform to bring together blockchain, VR and gaming technologies. By giving gamers new options to visualise, own, adapt and race their own car, we think a new era in gaming has arrived.
WE BELIEVE GAMING IT WILL BE TRANSFORMED BY THE RISE – AND INTEGRATION – OF THREE TECHNOLOGIES: BLOCKCHAIN, E-SPORTS AND VR.
Each of them, independently, represents a paradigm shift for game development and consumption. Their attributes will make technology more individual, inclusive and immersive. The combination of these technologies will give rise to new scenarios, where gamers can own, modify, trade and play in an unprecedented way
THE CONCEPT
Cars, gaming and cryptocurrency are shared passions at Blockchain Studios, so combining them was a natural choice when we started working on CryptoCarz. We see strong synergies between the cryptocurrency community and gamers and we believe there is a market for a game that blends racing, cryptocurrency and blockchain technology. CryptoCarz is a multiplayer, fully immersive, VR-enabled racing experience, powered by the Ethereum blockchain. To race in the game, a user will have to demonstrate ownership of a car that is modelled and stored as an ERC721 Ethereum token in the gamer’s private wallet. The car will then be loaded into the game via integration with MetaMask and other proprietary tools
The game will initially offer 20 car models representative of the top cryptocurrencies. Each model will have a maximum of 650 units, hard-coded and numerically defined in the smart contract.No further cars in these models will be produced in the future.
Links:
Telegram Group: https://t.me/cryptocarz
Website: www.cryptocarz.io
Whitepaper: https://www.cryptocarz.io/docs/CryptoCarz_WP.pdf
One pager: https://www.cryptocarz.io/docs/CryptoCarz_1P.pdf
Twitter: https://twitter.com/cryptocarz
Medium blog: https://medium.com/@cryptocarz
CRYPTOCARZ IS A MULTIPLAYER, VIRTUAL REALITY (VR)-ENABLED RACING EXPERIENCE, DEVELOPED USING THE ETHEREUM BLOCKCHAIN.
To play, users will have to load the car assets into the game from an Ethereum wallet, where they are stored as an ERC721 token. The ERC721 token has paved the way for a new class of digital assets called non-fungible tokens (NFTs). These allow users to own, customise and maintain control in the
same way as in the physical world.
Blockchain Studios contends that this new asset class opens up new opportunities for user engagement and ownership. We believe that the first wave of innovation will come from gaming. CryptoCarz is the first platform to bring together blockchain, VR and gaming technologies. By giving gamers new options to visualise, own, adapt and race their own car, we think a new era in gaming has arrived.
WE BELIEVE GAMING IT WILL BE TRANSFORMED BY THE RISE – AND INTEGRATION – OF THREE TECHNOLOGIES: BLOCKCHAIN, E-SPORTS AND VR.
Each of them, independently, represents a paradigm shift for game development and consumption. Their attributes will make technology more individual, inclusive and immersive. The combination of these technologies will give rise to new scenarios, where gamers can own, modify, trade and play in an unprecedented way
THE CONCEPT
Cars, gaming and cryptocurrency are shared passions at Blockchain Studios, so combining them was a natural choice when we started working on CryptoCarz. We see strong synergies between the cryptocurrency community and gamers and we believe there is a market for a game that blends racing, cryptocurrency and blockchain technology. CryptoCarz is a multiplayer, fully immersive, VR-enabled racing experience, powered by the Ethereum blockchain. To race in the game, a user will have to demonstrate ownership of a car that is modelled and stored as an ERC721 Ethereum token in the gamer’s private wallet. The car will then be loaded into the game via integration with MetaMask and other proprietary tools
The game will initially offer 20 car models representative of the top cryptocurrencies. Each model will have a maximum of 650 units, hard-coded and numerically defined in the smart contract.No further cars in these models will be produced in the future.
Links:
Telegram Group: https://t.me/cryptocarz
Website: www.cryptocarz.io
Whitepaper: https://www.cryptocarz.io/docs/CryptoCarz_WP.pdf
One pager: https://www.cryptocarz.io/docs/CryptoCarz_1P.pdf
Twitter: https://twitter.com/cryptocarz
Medium blog: https://medium.com/@cryptocarz
Former employee of the US Department of Homeland Security became the chief lawyer of Circle
Gus Kaldebella became the new head of the legal department of the Bitcoin-Startup Circle, which for more than four years worked in the US Department of Homeland Security and held a similar post there.
Representatives of the company said that Caldebella will be responsible for compliance and interaction with government agencies. In connection with the expansion of business, the Circle management expects that the experience of Caldebella will help to circumvent all legal barriers in the field of cryptocurrency.
Gus Kaldebella became the new head of the legal department of the Bitcoin-Startup Circle, which for more than four years worked in the US Department of Homeland Security and held a similar post there.
Representatives of the company said that Caldebella will be responsible for compliance and interaction with government agencies. In connection with the expansion of business, the Circle management expects that the experience of Caldebella will help to circumvent all legal barriers in the field of cryptocurrency.
SEC temporarily suspends Bitcoin and Ethereum ETNs
The U.S. Securities and Exchange Commission announced Sunday that it would temporarily suspend the trading of two exchange-traded notes (ETNs), Bitcoin Tracker One (CXBTF) and Ether Tracker One (CETHF).
The ETNs, which have been trading on the Nasdaq Stockholm exchange for a number of years and were available to U.S. investors directly through USD trading pairs, were targeted by the SEC due to “a lack of current, consistent and accurate information,” according to the official release.
In the release, the SEC provided a specific example of the type of misinformation that caused them to make the ruling. It states that the broker-dealer application and certain trading sites characterize the ETNs as exchange-traded funds (ETFs), while the issuer characterizes them as “non-equity linked certificates” in the offering materials.
Ultimately, this decision is very much aligned with the Commission’s previous decisions around other rulings, which commonly cite concerns regarding investor awareness and market manipulation. The next major decision for the SEC is slated for September 30, where it will rule on the VanEck/SolidX ETF backed by Bitcoin (BTC).
The crypto market has not reacted negatively to the news, as the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens, is currently up 2.4% over the past 24 hours.
The U.S. Securities and Exchange Commission announced Sunday that it would temporarily suspend the trading of two exchange-traded notes (ETNs), Bitcoin Tracker One (CXBTF) and Ether Tracker One (CETHF).
The ETNs, which have been trading on the Nasdaq Stockholm exchange for a number of years and were available to U.S. investors directly through USD trading pairs, were targeted by the SEC due to “a lack of current, consistent and accurate information,” according to the official release.
In the release, the SEC provided a specific example of the type of misinformation that caused them to make the ruling. It states that the broker-dealer application and certain trading sites characterize the ETNs as exchange-traded funds (ETFs), while the issuer characterizes them as “non-equity linked certificates” in the offering materials.
Ultimately, this decision is very much aligned with the Commission’s previous decisions around other rulings, which commonly cite concerns regarding investor awareness and market manipulation. The next major decision for the SEC is slated for September 30, where it will rule on the VanEck/SolidX ETF backed by Bitcoin (BTC).
The crypto market has not reacted negatively to the news, as the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens, is currently up 2.4% over the past 24 hours.
The US Credit Score system is a scam. Nobody likes it, other than credit card companies and banks. It keeps people impoverished with little recourse or rationale. Yet, it exists in a highly regulated environment. How can that be?
🗣Erik Voorhees, CEO & Founder - ShapeShift.io.
🗣Erik Voorhees, CEO & Founder - ShapeShift.io.
💭Buterin: No more crypto boom.
In his latest interview with Bloomberg the founder of Ethereum stated that in his own opinion the period of explosive rally for the crypto assets has come to its logical end.
He believes that such price growth during the first years was due to marketing and attempts to disseminate information about the new technology for wider adoption.
Nevertheless, now, every average educated person has heard about the blockchain at least once, therefore, no new powerful rally is foreseeable in the nearest future. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.
The founder of Ethereum stressed that the new task for the crypto community is to involve those already interested in real economic activity related to the blockchain industry.
In his latest interview with Bloomberg the founder of Ethereum stated that in his own opinion the period of explosive rally for the crypto assets has come to its logical end.
He believes that such price growth during the first years was due to marketing and attempts to disseminate information about the new technology for wider adoption.
Nevertheless, now, every average educated person has heard about the blockchain at least once, therefore, no new powerful rally is foreseeable in the nearest future. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.
The founder of Ethereum stressed that the new task for the crypto community is to involve those already interested in real economic activity related to the blockchain industry.
🏛📑EF Hutton, an American stock brokerage firm founded in 1904, released its first research report on the emerging asset class of digital currencies, because, as the CEO stated, many of investors are still confused by the rapid developments in this new market.
The researchers rated from 1 star (negative outlook) to 5 stars (positive outlook) such cryptocurrencies as Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin cash, and Cardano.
The CEO added:Our rating on BCH is five stars. In our rating scale – 5-stars is the highest and best rating that can be assigned to an instrument. It means that we foresee significant appreciation within the next 12 months.
The company also looks into short, medium and long-term factors that will impact the price of the instrument, however our rating is based on our view of the instrument in the next 12-months.
💡If you want to get daily reports on crypto assets you can subscribe here.
The researchers rated from 1 star (negative outlook) to 5 stars (positive outlook) such cryptocurrencies as Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin cash, and Cardano.
The CEO added:Our rating on BCH is five stars. In our rating scale – 5-stars is the highest and best rating that can be assigned to an instrument. It means that we foresee significant appreciation within the next 12 months.
The company also looks into short, medium and long-term factors that will impact the price of the instrument, however our rating is based on our view of the instrument in the next 12-months.
💡If you want to get daily reports on crypto assets you can subscribe here.
🥁The blockchain startup Paxos, that operates under the supervision of the Securities and Exchange Commission, has introduced a new Pixos Standard stablecoin, the value of which is tied to the US dollar.
Its turnover will be regulated by the New York City Financial Services Authority.
The customers which will go through the KYC procedure, can purchase and deliver tokens directly on their official website. Tokens, which customers will exchange back for dollars, will be immediately destroyed.
Also, starting from today, you can convert your dollars into Gemini Dollar and vice versa. GUSD is a stablecoin with ERC-20 standard that was introduced by the Winklevoss brothers.
Gemini Trust project will be backed by one of the American banks. Dollar deposits will be insured in accordance with the Federal Deposit Insurance Corporation regulations.
Its turnover will be regulated by the New York City Financial Services Authority.
The customers which will go through the KYC procedure, can purchase and deliver tokens directly on their official website. Tokens, which customers will exchange back for dollars, will be immediately destroyed.
Also, starting from today, you can convert your dollars into Gemini Dollar and vice versa. GUSD is a stablecoin with ERC-20 standard that was introduced by the Winklevoss brothers.
Gemini Trust project will be backed by one of the American banks. Dollar deposits will be insured in accordance with the Federal Deposit Insurance Corporation regulations.
Forwarded from PROOF OF CRYPTO
Here is a useful guide on how to safeguard your cryptocurrency that Binance CEO Changpeng Zhao recently shared on his Twitter.
Do you think your accounts are secure? Think again.
Go to Article >
Do you think your accounts are secure? Think again.
Go to Article >
Medium
Do You Think Your Accounts Are Secure? Think Again.
Individuals that are new to the cryptocurrency space are often not protective on security measures. Individuals later have an epiphany…
Winklevoss Brothers file new patent for crypto key storage system
The founders of digital asset platform Gemini, Cameron and Tyler Winklevoss, have filed a new patent for securely storing digital assets, according to a document published by the US Patent and Trademarks Office (USPTO) on Tuesday.
The patent, named “Systems and methods for storing digital math-based assets using a secure portal”, outlines a plan to develop a network of computers capable of generating accounts for storing cryptocurrencies or cryptocurrency-related exchange-traded products (ETPs). The computers would be isolated, like a cold storage device, except during transfer of assets and would have access to a secure portal, which may connect the machines to the blockchain network during transactions, if required.
The new method divides a digital asset account into a “plurality of private keys” for increasing the safety of one’s portfolio. It suggests different ways of storage, including paper, laminated card and even papyrus, with at least one set of keys stored on an electronic memory device, such as a flash drive, CD or DVD. In the case of retrieval, the rightful owner should provide three forms of identification.
“Private keys for a multi-signature account may be stored as backups, e.g., in secure storage, which may be difficult to access, and may be used in the event that more readily obtainable keys are lost,” the filing states.
The patent mentions Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Litecoin (LTC) while describing its application to “digital math-based assets,” in addition to obscure altcoins like IxCoins, Qoras, YbCoins, and BBQcoins.
The Winklevoss brothers have a big list to their credit for crypto-related patents. In May, Winklevoss IP won a patent application for crypto-based asset trading that allows for the settlement of ETPs using cryptocurrencies. In June, the entrepreneurs also won a similar patent for the creation of crypto-based ETPs.
However, it remains unclear when these instruments will hit the market, given the Securities and Exchange Commission’s (SEC) harsh requirements. In March 2017, the Winklevoss brothers tried to list Bitcoin exchange traded funds (ETFs) on exchanges, but the regulator rejected their proposal twice, citing “the rules of a national securities exchange be designed to prevent fraudulent and manipulative acts and practices and to protect investors and the public interest.”
In a possible change of its tune, SEC might be moving towards approval of Bitcoin ETFs following recent news that the Trump administration made its fourth appointment to the SEC, choosing Elad Roisman, who is known for his pro-crypto comments.
The founders of digital asset platform Gemini, Cameron and Tyler Winklevoss, have filed a new patent for securely storing digital assets, according to a document published by the US Patent and Trademarks Office (USPTO) on Tuesday.
The patent, named “Systems and methods for storing digital math-based assets using a secure portal”, outlines a plan to develop a network of computers capable of generating accounts for storing cryptocurrencies or cryptocurrency-related exchange-traded products (ETPs). The computers would be isolated, like a cold storage device, except during transfer of assets and would have access to a secure portal, which may connect the machines to the blockchain network during transactions, if required.
The new method divides a digital asset account into a “plurality of private keys” for increasing the safety of one’s portfolio. It suggests different ways of storage, including paper, laminated card and even papyrus, with at least one set of keys stored on an electronic memory device, such as a flash drive, CD or DVD. In the case of retrieval, the rightful owner should provide three forms of identification.
“Private keys for a multi-signature account may be stored as backups, e.g., in secure storage, which may be difficult to access, and may be used in the event that more readily obtainable keys are lost,” the filing states.
The patent mentions Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Litecoin (LTC) while describing its application to “digital math-based assets,” in addition to obscure altcoins like IxCoins, Qoras, YbCoins, and BBQcoins.
The Winklevoss brothers have a big list to their credit for crypto-related patents. In May, Winklevoss IP won a patent application for crypto-based asset trading that allows for the settlement of ETPs using cryptocurrencies. In June, the entrepreneurs also won a similar patent for the creation of crypto-based ETPs.
However, it remains unclear when these instruments will hit the market, given the Securities and Exchange Commission’s (SEC) harsh requirements. In March 2017, the Winklevoss brothers tried to list Bitcoin exchange traded funds (ETFs) on exchanges, but the regulator rejected their proposal twice, citing “the rules of a national securities exchange be designed to prevent fraudulent and manipulative acts and practices and to protect investors and the public interest.”
In a possible change of its tune, SEC might be moving towards approval of Bitcoin ETFs following recent news that the Trump administration made its fourth appointment to the SEC, choosing Elad Roisman, who is known for his pro-crypto comments.
🚀 Raincheck-Global loyalty & rewards points exchange aggregator on Stellar
Want to be able to transfer your existing reward/loyalty points into one digital unit that can be used at any scheme? How about accurately monitoring your points, with the flexibility of transferring them at any time, on a fast and secure network? RAIN Token will give you this power at a fraction of the cost of other providers. Built on the Stellar Blockchain your secure transactions will go through within seconds at the cost of one cent per 100,000 transactions, whereas Ethereum based projects still cost around $0.20-1.45 per transaction. RAIN Token is the seamless and inexpensive experience you’ve been waiting for.
Built by a team with diverse backgrounds in full stack software development, data/cyber security, global payments, retail, travel, finance and investment; Our two founders pioneered the internet in the early 90’s, founding several tech startups and have a combined 50+ years experience in the ICT sector. The RAIN Token team recognises the faults in current loyalty/rewards schemes and with their wealth of knowledge, and experience, have created a solution.
Plus, unlike some exchanges, RAIN Token has your back if you get stuck. A dedicated customer service team is available 24/7. No more submitting a support ticket and waiting 2 weeks to get an automated response.
The RAIN Token is all about simplifying the reward/loyalty point systems and giving power back to the consumer, allowing them to attain the best value - Creating opportunities for retailers, and customer, alike. Get in on this awesome project before it takes off.
https://raintoken.org/
https://t.me/getraincheck
Want to be able to transfer your existing reward/loyalty points into one digital unit that can be used at any scheme? How about accurately monitoring your points, with the flexibility of transferring them at any time, on a fast and secure network? RAIN Token will give you this power at a fraction of the cost of other providers. Built on the Stellar Blockchain your secure transactions will go through within seconds at the cost of one cent per 100,000 transactions, whereas Ethereum based projects still cost around $0.20-1.45 per transaction. RAIN Token is the seamless and inexpensive experience you’ve been waiting for.
Built by a team with diverse backgrounds in full stack software development, data/cyber security, global payments, retail, travel, finance and investment; Our two founders pioneered the internet in the early 90’s, founding several tech startups and have a combined 50+ years experience in the ICT sector. The RAIN Token team recognises the faults in current loyalty/rewards schemes and with their wealth of knowledge, and experience, have created a solution.
Plus, unlike some exchanges, RAIN Token has your back if you get stuck. A dedicated customer service team is available 24/7. No more submitting a support ticket and waiting 2 weeks to get an automated response.
The RAIN Token is all about simplifying the reward/loyalty point systems and giving power back to the consumer, allowing them to attain the best value - Creating opportunities for retailers, and customer, alike. Get in on this awesome project before it takes off.
https://raintoken.org/
https://t.me/getraincheck