CRYPTOLINI
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The best and most promising ICO. @Tasha218 - admin
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โ€‹โ€‹๐Ÿ’น๐Ÿ” TEMCO is developing a supply chain platform on RSK Bitcoin blockchain. In existing systems, information is disconnected. As a result, consumers have doubts about product quality, and companies operate ineffectively. We connect isolated supply chain process and offer data services. Using our business intelligence tool, companies gain new business insights. For consumers, we provide a consumer application to track real-time supply chain data and an online market with a cryptocurrency payment feature.

โœ”๏ธhttps://www.temco.io
โ˜‘๏ธhttps://www.facebook.com/TEMCOLABS
๐Ÿ’ฌhttps://twitter.com/TEMCOLABS
๐Ÿ”ทhttps://medium.com/temcolabs
๐Ÿ”ถhttps://t.me/TEMCOLABS
โ€‹โ€‹๐Ÿ’ ๐Ÿ”ฏ FOLLOWINE is the first ecosystem that aims to fight against the counterfeiting of wine, by using the Blockchain Technology. Followine is a circuit based on Wine Coin, a Token that provides self-sustainability and inclusiveness to the entire Followine circuit. Mission - โ€œCreate a global eco-system that connects wine world stakeholders and consumers together, encouraging the realization of new international communication and business modelโ€ Consist โœ”๏ธConsumers โœ”๏ธE-Commerce โœ”๏ธManufacturers โœ”๏ธFollowine โœ”๏ธFollowine QR ๐Ÿ’ฌWeb site - https://followine.io/en/ ๐Ÿ“ˆtwitter - https://twitter.com/FOLLOWINE_it ๐Ÿ”ทt.me - https://t.me/joinchat/GWqEVhCVXzG1bAkaN1MPsA โ˜ธ๏ธbounty - https://bitcointalk.org/index.php?topic=5065309.0
โ€‹โ€‹๐Ÿ”‘๐Ÿ“ˆSimplyBrand aims to establish a platform with built-in AI model and machine learning technology to identify counterfeits. Crowd-sourced participants will be incentivized to assist in verifying the unidentifiable items throughout the whole process. The information of the counterfeiters will then be published on the blockchain, which is immutable and totally public for everybody to read. In addition, two major functions will be released along the way and will result in more parties joining the platform to complete the goal of evolving the platform into a self-governed ecosystem. By combining these cutting-edge technologies, and also designing mechanisms to govern the platform by itself, our solution would be able to solve this problem at a larger scale and high effectiveness. ๐Ÿ“ˆWEBSITE - https://simplybrand.io/en/ โœ”๏ธhttps://twitter.com/simplybrand_io ๐Ÿ’ฌhttps://t.me/simplybrandio ๐Ÿ”ทWP - https://simplybrand.io/docs/simplyBrand_Whitepaper_EN_V3.02_20181108.pdf
Forwarded from CRYPTOLINI
โ€‹โ€‹โ€‹โ€‹ ๐Ÿ” Alive Casino

Alive Casino is the world's first encryption casino combining Blockchain Technology and Virtual Reality. In addition to all types of all traditional games available, Alive Casino will give you the opportunity to visit a land casino without leaving home. Once the VR casino is set up and launched, the player gets a 360 degree view such as a fully interactive slot, live dealer table. Alive distributes 40% of the net revenue of the casino quarterly to Alive Token holders. โœ…site - https://aliveplaycasino.com/ ๐Ÿ”ถtwitter - https://twitter.com/alivecasino/ โšœ๏ธbitcointalk - https://bitcointalk.org/index.php?topic=4573692
Forwarded from CRYPTOLINI
โ€‹โ€‹๐Ÿ€HEROIC.com
HEROIC is powering the future of cybersecurity with artificial intelligence and the blockchain to protect against current and next-generation cyber threats.

As cyber threats are growing at an exponential rate, modern cybersecurity solutions are reactive, outdated, and ineffective. The vast majority of threat data is controlled by large corporations and governments, making it difficult and costly to build next-generation solutions that improve protection. Recent advances in artificial intelligence based threat protection are promising, but the solutions are almost exclusively deployed to large corporate applications, putting the technology out of reach of the people who are most vulnerable to attacks.

HEROIC is taking a new approach to AI-powered threat protection. Utilizing big data, artificial intelligence, and the blockchain, combined with a decentralized peer-to-peer threat protection platform, HEROIC will change cybersecurity as we know it and make next-generation solutions freely available to everyone. HEROIC will empower and incentivize developers and companies to create the advanced solutions through the HEROIC Ecosystem, which includes an open threat intelligence exchange called HEROIC Arc ReactorTM, a unified security management platform called HEROIC GuardianTM, and a Research and Development environment. The motivation for collaboration within this Ecosystem will be incentivized through the blockchain and the use of HEROICs cryptocurrency, the HEROIC Token (HRO)

โœ… https://icoholder.com/en/heroic-com-21382
โœ”๏ธ @heroicdotcom ๐Ÿ”ตWebsite : https://tokensale.heroic.com/ ๐Ÿ”ถtwitter - https://twitter.com/heroiccyber ๐Ÿ”ดTelegram : https://t.me/heroicdotcom
โœด๏ธYoutube : https://www.youtube.com/c/HEROICCybersecurity ๐Ÿ’ฌbitcointalk - https://bitcointalk.org/index.php?topic=4511192.0
๐ŸŒ‰ BridgeX Network Bounty Campaign ๐ŸŒ‰

Up to 10,000,000 BXN tokens to be awarded!

BridgeX Network is offering various bounties for the community, in efforts that you will help bridge between the various communities and spread the message of BridgeX Network.

Do head over to find out more on the bounty campaign here:
https://bitcointalk.org/index.php?topic=5024373.0

If you have any questions, chat with their admins at https://t.me/bridgexnetwork ๐ŸŒ‰

๐Ÿ”ฅ What is BridgeX Network?

๐Ÿ“ก BridgeX Network is the framework for a financial ecosystem of decentralised credit, conversion and payment solutions, enabling fully-decentralised crypto-to-crypto collateralised lending and borrowing, crypto-to-fiat currency conversions and cross border payments.

๐Ÿ’ฅBridgeX Network will comprise of three main components:
1๏ธโƒฃ BridgeX Core
2๏ธโƒฃ BridgeX Platform (Distributed Apps/ Apps)
3๏ธโƒฃ Third Party Integrators (DApps/ Apps/ Service Providers)

Check out their website for more info and to download their whitepaper: https://bridgex.network/
Do you want an one-stop #cryptoexchange? Keep a check on๐Ÿ’ฐEncrybit๐Ÿ” trading features & researches as we aim to deliver the same. Encrybit aims to be the first of a new generation of cryptocurrency exchanges by providing:

โ˜‘๏ธOptimized and simplified trading platform with an easy and attractive user interface;
โ˜‘๏ธA broad spectrum of technical analysis tools;
โ˜‘๏ธSmart alerts;
โ˜‘๏ธProfit and loss reporting;
โ˜‘๏ธMultiple levels of order history;
โ˜‘๏ธMultilingual support;
โ˜‘๏ธSmart social trading; โ˜‘๏ธTrading rewards;
โ˜‘๏ธMarket research and news updates;
โ˜‘๏ธBroad order book;
โ˜‘๏ธTransparent policies;
โ˜‘๏ธDemo trading;
โ˜‘๏ธMulti-tier security;
โ˜‘๏ธDedicated customer representation.

https://pbs.twimg.com/media/Ds53KAPU0AAnx0A.jpg ๐ŸŒŽwebsite - https://encrybit.io/ โœ”๏ธ t.me - https://t.me/encrybit
๐Ÿ—ƒExchange WP - https://encrybit.io/pdf/encrybit-wp-v1.pdf โ€ฆ โ™ฆ๏ธ twitter - https://twitter.com/enbofficial #Privatesale is started.

Be a part of Next Generation #cryptocurrencyexchange!
โ€‹โ€‹๐ŸŒ๐Ÿ” FlipNpik is the first collaborative ecosystem that allows users to monetize their social media posts by supporting local businesses. Businesses on the platform benefit from increased visibility while users are finally remunerated for posting about their favorite local spots. Start monetizing your posts about your favorite local shops on FlipNpik
โžก๏ธ Website : http://www.flipnpik.io
โžก๏ธ Telegram http://t.me/flipnpikico
โœ…๐Ÿ” CYBR

CYBR Adds Prominent ICO Advisor to the Team!

It is with great pleasure that CYBR announces an addition to the team! We are pleased to announce the addition of Binod Nirvan as ICO Advisor! Binod brings a deep understanding and experience auditing and securing smart contracts as well as software development experience. Binodโ€™s experience in advising quality startups will help propel CYBR to next level as we prepare to release more products to keep our crypto community members safe! https://pbs.twimg.com/card_img/1054925239967080448/wpP-czK9?format=jpg&name=600x314

For more information on Binod Nirvan, you can view his team member profile https://cybrtoken.io/team-member/binod-nirvan-ico-advisor/
The CYBR Ecosystem is a holistic, cyber security solution for the blockchain which ensures secure smart transactions occur via a portal designed to provide real-time safeguards, countermeasures and threat intelligence to the CYBR community as well as other crypto entities and exchanges who rely on our cyber security solutions. CYBR ecosystem is powered by BlindSpot, a proprietary, powerful CYBR security engine which identifies and disrupts bad actor and associated illicit file activity that seeks to affect the confidentiality, integrity and availability of crypto smart contract transactions. CYBR commercializes and monetizes emerging threat intelligence by turning the data into actionable intelligence. CYBR users are rewarded with CYBR tokens for their direct threat intelligence contributions to the CYBR ecosystem. ๐Ÿ”ฅCYBR will be partnering with Cpollo and joining the McAfee! We will also be partner with IBM!

๐Ÿ”ต Website: https://cybrtoken.io/

๐Ÿ”ธ Telegram: https://t.me/CYBRnetwork
๐Ÿ”ด Bounty Thread: https://bitcointalk.org/index.php?topic=5059642
๐Ÿ”น๐Ÿ”นCrypt-ON ๐Ÿ”น๐Ÿ”น

๐Ÿ”ฅDon't miss the chance to earn tokens of the new perspective project!๐Ÿ”ฅ

Crypt-ON - a multifunctional P2P platform built on blockchain technology to provide safe and secure trades in cryptocurrency.

๐Ÿ‘‡๐ŸปCrypt-ON includes 4 services๐Ÿ‘‡๐Ÿป

โš–๏ธEscrow-service
๐Ÿ’ฐP2P lending
๐Ÿ‘จ๐Ÿฝโ€๐Ÿ’ปCrypto freelance marketplace
๐Ÿ’ธLocal crypto-exchange


Crypt-ON is a single infrastructure solution for work and business with safe and convenient tools in the form of smart-contracts.

You will be able to conclude transactions, to take loans, to hire performers and to exchange cryptocurrency for money directly, without intermediaries.

โšก๏ธโšก๏ธโšก๏ธโšก๏ธโšก๏ธโšก๏ธโšก๏ธโšก๏ธโšก๏ธโšก๏ธโšก๏ธ
โ—๏ธBounty campaign has already started and will last until 21.01.2019โ—๏ธ

๐ŸŽ‚3% of i-Point tokens total will be distributed between bounty participants๐ŸŽ‚

๐Ÿ”ปProject presentation: https://www.youtube.com/watch?v=xwGvc66rOTo

๐Ÿ”ปLinks:
https://crypt-on.io
https://bitcointalk.org/index.php?topic=3530713.0 - announcement
https://bitcointalk.org/index.php?topic=5036843.msg46116711#msg46116711 - bounty
Telegram Official group: https://t.me/Crypt_ON_En
Telegram Bounty chat: https://t.me/Bounty_Crypt_ON
โ€‹โ€‹๐Ÿ”ถNamek enables the users to collect tokens from ongoing ICOs by finding multiple Airdrops in the same platform. The platform is also a Bounty platform, enabling users to find freelancer missions paid with tokens and cryptocurrencies. And enabling team managers to handle their teams, payments, deadlines and tasks easily. The NMK token is a utility with a commercial purpose : From Airdrop / Bounty / freelancer listing to premium users accounts, all the services provided by Namek are payable with the NMK token. โœ”๏ธToken Distribution
Name : Namek Token (NMK)
Technology : Ethereum ERC20
Purchase methods accepted: BTC, ETH, LTC, USD
Total Supply: 400,000,000 NMK
Soft cap: 400000 EUR
Hard cap:2000000 EUR
Cost of 1 NMK Token 0.1 EUR
New Token emissions: 10/21/2018
Bonus system: Yes
Know Your Customer (KYC): Yes
Min/Max Personal Cap: 0,0048 ETH / No limit
Whitelist: Yes Country - France
Join the Whitelist
40% ICO crowdsale
25% Bounty & Airdrop
12.5% Reserve
15% Founders and Team
7.5% Advisors and Partners

Funds allocation
50% Product development
20% Marketing
20% Operation expenses
10 Legal%

Everyone can join an Airdrop, all you need is social media accounts.
Usually to join a Bounty you need to signup for the Airdrop than you will be asked to join the Bounty when it starts. An other way to join Bounties, particularly freelancer Bounties, is to use the platform to find this kind of missions.
A dedicated tab for token freelancer missions is planned to be released shortly.

๐Ÿ”ตWEBSITE - https://www.namek.io
๐Ÿ”ถhello@namek.io
โ˜‘๏ธT.me- https://t.me/namekio
โ™ฆ๏ธtwitter - https://twitter.com/Namek_io
๐ŸŒlinkedin -https://www.linkedin.com/company/namekio
๐ŸŒŽbitcointalk - https://bitcointalk.org/index.php?topic=4586730
โšœ๏ธfacebook - https://www.facebook.com/namekio
โ€‹โ€‹๐Ÿ” Alive Casino

Alive Casino is the world's first encryption casino combining Blockchain Technology and Virtual Reality. In addition to all types of all traditional games available, Alive Casino will give you the opportunity to visit a land casino without leaving home. Once the VR casino is set up and launched, the player gets a 360 degree view such as a fully interactive slot, live dealer table. Alive distributes 40% of the net revenue of the casino quarterly to Alive Token holders. โœ…site - https://aliveplaycasino.com/ ๐Ÿ”ถtwitter - https://twitter.com/alivecasino/ โšœ๏ธbitcointalk - https://bitcointalk.org/index.php?topic=4573692
โ€‹โ€‹โœ…HEROIC.com
HEROIC is powering the future of cybersecurity with artificial intelligence and the blockchain to protect against current and next-generation cyber threats.

As cyber threats are growing at an exponential rate, modern cybersecurity solutions are reactive, outdated, and ineffective. The vast majority of threat data is controlled by large corporations and governments, making it difficult and costly to build next-generation solutions that improve protection. Recent advances in artificial intelligence based threat protection are promising, but the solutions are almost exclusively deployed to large corporate applications, putting the technology out of reach of the people who are most vulnerable to attacks.

HEROIC is taking a new approach to AI-powered threat protection. Utilizing big data, artificial intelligence, and the blockchain, combined with a decentralized peer-to-peer threat protection platform, HEROIC will change cybersecurity as we know it and make next-generation solutions freely available to everyone. HEROIC will empower and incentivize developers and companies to create the advanced solutions through the HEROIC Ecosystem, which includes an open threat intelligence exchange called HEROIC Arc ReactorTM, a unified security management platform called HEROIC GuardianTM, and a Research and Development environment. The motivation for collaboration within this Ecosystem will be incentivized through the blockchain and the use of HEROICs cryptocurrency, the HEROIC Token (HRO)

โœ… https://icoholder.com/en/heroic-com-21382
โœ”๏ธ @heroicdotcom ๐Ÿ”ตWebsite : https://tokensale.heroic.com/ ๐Ÿ”ถtwitter - https://twitter.com/heroiccyber ๐Ÿ”ดTelegram : https://t.me/heroicdotcom
โœด๏ธYoutube : https://www.youtube.com/c/HEROICCybersecurity ๐Ÿ’ฌbitcointalk - https://bitcointalk.org/index.php?topic=4511192.0
โ€‹โ€‹โœ… XRP price predictions 2018: XRP/ Can Ripple reach around $10 by end the year โ€“ Ripple News Today โ€“ Thu Nov 29 Ripple/XRP price predictions 2018:
Most of the cryptocurrency experts believe that not only, Ripple will be able to reach new peaks and but also create new highs as well. That is why many of the cryptocurrency experts believe that it will be a good investment opportunity. / source: fxstreet, express.co.uk, investingpr

With the current market cap being as it is, the room for improvement is pretty high.

Ripple is consistently adding new clients. It is not just adding new clients but marquee name clients as well as banks all over the world. Moreover, many financial institutions are also using the Ripple protocol in order to transfer money from one part of the globe to another. This is the reason why Ripple is actually pretty undervalued currently. In the coming future, as it adds newer and newer clients to its structure, the Ripple will most probably be able to increase its market cap and value significantly. Can XRP reach around $8 โ€“ $10 by the end of the year?
Keeping all of these factors in mind, many of the cryptocurrency experts from different sources like fxstreet, express.co.uk, investingpr believe that XRP can triple its value or reach around $3-$5 by the end of the year. This will almost be a 10-time rise from the current levels. They say this is the reason why it is one of the best investment opportunities of this year.Thus, if youโ€™re looking to invest in a cryptocurrency which can get you significant returns with minimal risks, XRP may be the perfect option for you because of its current low price according to the experts from fxstreet, express.co.uk, and investingpr. They say it will be a good idea to buy it at the current levels. This way most of the investors will be able to make a pretty good amount of earning if they were to hold it for a long period of time. Also, the management building the Ripple protocol seems to know what theyโ€™re doing which is an added advantage.

Meet Ripple/XRP, the worldโ€™s most practical financial network
What are we, as a society, if we arenโ€™t able to build robust relationships based on trust? That, and honor should be in front of every social interaction involving human beings, including financial transactions.

As the world shifts towards a more digital, cryptography-protected way of doing business, traditional banking platforms are being slowly phased out the financial scope. Only those willing to adjust and include more efficient payment systems, which are both faster and safer, will be able to maintain in the business and survive. https://coinnewstelegraph.com/xrp-price-predictions-2018-xrp-can-ripple-reach-around-10-by-end-the-year-ripple-news-today-thu-nov-29/
โ€‹โ€‹๐Ÿ’  Bistox is the currency exchange new cryptocurrency which claims to be one of bursa's most sophisticated and secure in the market today. This is supported by the technology of the NEM and has the Initial Coin Offering (ICO) immediately.
This is the exchange of crypto semi-decentralization aimed at traders who are in the level are very different in their career. Bistox have a machine that can be used beginner without any difficulty to understand the trade and veterans can explore to get more profit when they need to trade. โ˜‘๏ธWebsite - https://bistox.com/#/ ๐Ÿ’ฌWP - https://bistox.com/content/documents/whitepaper.pdf
๐Ÿ”…onepager - https://bistox.com/content/documents/onepager.pdf ๐Ÿ”ธbitcointalk - https://bitcointalk.org/index.php?topic=5037289.0 ๐Ÿ”บt.me - https://t.me/Bistox / https://t.me/BistoxExchange
๐Ÿ”ทtwitter - https://twitter.com/BistoxExchange
๐ŸŒŽfacebook - https://www.facebook.com/bistox.exchange
๐Ÿ’ฌlinkedin - https://www.linkedin.com/company/bistox-exchange/
โœด๏ธmedium - https://medium.com/@Bistox_Exchange
โ€‹โ€‹โ˜‘๏ธ EOS Price Prediction for 2018, 2019, 2020, and 2025: Future Forecast of EOS/USD Will Depend on the Technology โ€“ Can EOS Win the Battle For dApps or Fail the Expectations? November dips have brought some relief to EOS despite the fact that the market is heavily dropping for the past several weeks.

In one of the latest series of price cuts triggered by the stubborn negative trends in the market, EOS managed to retrieve its spot as the 5th largest cryptocurrency in the market, pushing Stellar Lumens (XLM) down to the spot number six.The market had a chance to take a massive rebound on November 26th, but once again we can see the cryptos dropping including EOS.

Currently going down by -6% against the fiat is EOS able to take a serious rebound or will it continue to fall?

It is considered that the success of EOS in the market heavily depends on dApp development on EOS network, so will the crypto disappoint or fulfill holdersโ€™ expectations?

EOS Price Prediction 2018
EOS is currently traded at a new low of 3.15$ to where it dropped from its all-time high of over 22$ in the course of 11 months.

EOS dropped by over -86% since reaching its all-time high, however, many are implying that EOS will be able to take a rebound with its technology especially now when dApp developers previously working on ETH network are said to be looking for a more scalable environment.
EOS has free and fast transactions in oppose to 15 seconds needed per one ETH transaction to be completed, also having a more scalable environment, which could be its main stepping stone for attracting dApp developers to EOS network.

It is considered that EOS might experience an increased momentum by the end of 2018, which should lead to 6$ as its lowest price for the year and 8$ as its top price.

EOS Price Prediction 2019
In case EOS would enter 2019 at the price of 8$ it is considered that that would be the lowest value for 2019 for the crypto.

The highest price that EOS could potentially reach in 2019 would then be 15$ per one unit, while the price range would go from 8$ to 15$ throughout the year.

EOS Price Prediction 2020
EOS is otherwise known as โ€œEthereum Killerโ€ as popularly referred to by many EOS holders. In case EOS would be able to attract more developers to the network, the crypto could start the year at the price of 11$.

Driven by positive momentum, EOS could go above 20$, getting back to its all-time high.

However, it is considered that running dApps on EOS is too expensive to handle, especially if you are taking care of more than one decentralized application, so the team would probably need to find a more sustainable solution in order for EOS to thrive.

EOS Price Prediction 2025
In case EOS would manage to establish its network as one of the top blockchain platforms for dApp developers, predictions for 2025 appear to be more than positive.

Prediction for 6 years from now indicates that EOS might hit the price of 500$ per one unit, having the same momentum ETH had at the beginning, only at a slower pace. https://coinnewstelegraph.com/eos-price-prediction-for-2018-2019-2020-and-2025-future-forecast-of-eos-usd-will-depend-on-the-technology-can-eos-win-the-battle-for-dapps-or-fail-the-expectations/
Forwarded from CRYPTOLINI
โ€‹โ€‹โœณ๏ธAlive Casino

Alive Casino is the world's first encryption casino combining Blockchain Technology and Virtual Reality. In addition to all types of all traditional games available, Alive Casino will give you the opportunity to visit a land casino without leaving home. Once the VR casino is set up and launched, the player gets a 360 degree view such as a fully interactive slot, live dealer table. Alive distributes 40% of the net revenue of the casino quarterly to Alive Token holders. โœ…site - https://aliveplaycasino.com/ ๐Ÿ”ถtwitter - https://twitter.com/alivecasino/ โšœ๏ธbitcointalk - https://bitcointalk.org/index.php?topic=4573692
Forwarded from CRYPTOLINI
โœ”๏ธHEROIC.com
HEROIC is powering the future of cybersecurity with artificial intelligence and the blockchain to protect against current and next-generation cyber threats.

As cyber threats are growing at an exponential rate, modern cybersecurity solutions are reactive, outdated, and ineffective. The vast majority of threat data is controlled by large corporations and governments, making it difficult and costly to build next-generation solutions that improve protection. Recent advances in artificial intelligence based threat protection are promising, but the solutions are almost exclusively deployed to large corporate applications, putting the technology out of reach of the people who are most vulnerable to attacks.

HEROIC is taking a new approach to AI-powered threat protection. Utilizing big data, artificial intelligence, and the blockchain, combined with a decentralized peer-to-peer threat protection platform, HEROIC will change cybersecurity as we know it and make next-generation solutions freely available to everyone. HEROIC will empower and incentivize developers and companies to create the advanced solutions through the HEROIC Ecosystem, which includes an open threat intelligence exchange called HEROIC Arc ReactorTM, a unified security management platform called HEROIC GuardianTM, and a Research and Development environment. The motivation for collaboration within this Ecosystem will be incentivized through the blockchain and the use of HEROICs cryptocurrency, the HEROIC Token (HRO)

โœ… https://icoholder.com/en/heroic-com-21382
โœ”๏ธ @heroicdotcom ๐Ÿ”ตWebsite : https://tokensale.heroic.com/ ๐Ÿ”ถtwitter - https://twitter.com/heroiccyber ๐Ÿ”ดTelegram : https://t.me/heroicdotcom
โœด๏ธYoutube : https://www.youtube.com/c/HEROICCybersecurity ๐Ÿ’ฌbitcointalk - https://bitcointalk.org/index.php?topic=4511192.0
โ€‹โ€‹๐Ÿƒ๐Ÿ” FlipNpik is the first collaborative ecosystem that allows users to monetize their social media posts by supporting local businesses. Businesses on the platform benefit from increased visibility while users are finally remunerated for posting about their favorite local spots. Start monetizing your posts about your favorite local shops on FlipNpik
โžก๏ธ Website : http://www.flipnpik.io
โžก๏ธ Telegram http://t.me/flipnpikico
โœ”๏ธGerman private equity fund bets on bitcoin mining in cryptocurrency slump While thousands of miners in China, hurt by the recent slump in bitcoin, have called it a day, German private equity firm Xolaris is preparing to launch a US$50 million bitcoin farming fund targeting Asian investors.

The Munich-based private equity managerโ€™s entry into the Asian market, including a new office set up in Hong Kong in July, comes at a time when cryptocurrencies have lost as much as US$700 billion in market capitalisation this month.

Stefan Klaile, managing partner of Xolaris Group, said subscription for the Asian fund would start in December after the launch of its European mother fund this week.

The European fund aims to raise โ‚ฌ30 billion to โ‚ฌ50 billion, with a targeted annual return of 21 per cent. The proceeds will be used to fund the expansion of an existing bitcoin mining farm housed in a data centre in Sweden.

โ€œFor our fund, we see the current price decline in bitcoin rather positively,โ€ said Klaile. โ€œBitcoin mining return is affected by a combination of drivers including bitcoin price levels, hashrate, mining difficulty and the price of mining equipment such as servers. We see recent developments as giving our mining farm operator the opportunity to increase market share.โ€

We see recent developments as giving our mining farm operator the opportunity to increase market share

Stefan Klaile, Xolaris

Hashrate, which measures the processing power of a cryptocurrency network, has dropped significantly in recent months, to 36 PH (petahash per second) on November 25 from 60 PH at the end of October, a trend that Klaile said underlined the nervousness among miners towards the bitcoin slump.

The worldโ€™s third largest mining pool, F2pool, has reportedly said that up to 800,000 bitcoin miners in China had shut down since mid-November as those using older versions of mining gears were hit by the equipmentโ€™s higher operating costs. A bitcoin miner contributes computing power to generate new blocks and process transactions in exchange for bitcoin as reward.

But Klaile said the current drop in the bitcoin network processing power opened up opportunities for mining farm operators, with less players competing for a finite pool of bitcoin supply, capped at 21 million by its unnamed inventor under the pseudonym Satoshi Nakamoto. About 80 per cent of that supply has already been mined as of June.

As bitcoin prices fall, mining cryptocurrencies is no longer profitable for many

โ€œAs private equity, we are financing real assets, which is the mining infrastructure and data centre that our funds invest in. The success of our funds and mining farm is dependent on bitcoin performance,โ€ Klaile said. โ€œBut just like the car industry, a car maker does not stop building cars just because the market for used cars has once collapsed.โ€

Klaile said the two bitcoin farming funds did not take any trading risks of cryptocurrencies, and would dispose of the bitcoin generated from the mining process.

But he did not say if the fundsโ€™ managers would offload the bitcoin immediately or keep the cryptocurrency in a reserve during the fundsโ€™ tenure, only to sell at a certain level to buffer mining losses.

Bitcoin futures remain a โ€˜buyers beware marketโ€™ for Hong Kong investors

Xolaris, which manages five other private equity funds in renewable energy and real estate in Germany, is regulated as an alternative investment fund manager by the German Financial Supervisory Authority. https://coinnewstelegraph.com/german-private-equity-fund-bets-on-bitcoin-mining-in-cryptocurrency-slump/