Please support us by checking out our great sponsor

Ever tried decentralized exchange with high liquidity? #DeFi

The Background of Lending

Lending, the act of transferring excess wealth to those who can put it to work is as old as the invention of money itself. Records show that lending pre-dates the Roman and Greek cultures and was actively practiced by Mesopotamians. Like today, there were stringent rules guiding how borrowers and lenders co-existed.

Obviously, there has been an evolution thanks to the technological breakthroughs from the 80s through to the early 2000s. Needless to say, the needs of borrowers and lenders are pretty much the same: use these loans to fill a gap.

Like the way it has been since time immemorial, the modus operandi is pretty much the same. The lender extends excess capital in his/her position to the borrower with the trust that the latter would pay back on time and with interest or whatever rules there is to the binding contract. Often, and this is because of opportunity cost, interest will cushion the lender from inflation and other principal wiping movements. Meanwhile, the loan forwarded to the user, regardless of the mechanics guiding their arrangement, will help foster growth in one way or another.

With the same premise of lending that, there has been change. However, the fundamentals of, and attitudes towards the same is constant. From the Code of Hammurabi to the CDOs (Collateral Debt Obligations), largely blamed for the bubble of the Great Financial Crisis (GFC), and the advent of cryptocurrencies, lenders and borrowers will be always be part of the process for the benefit of all.

In the age of blockchain and cryptocurrencies, holding of valuable digital assets is yet another reason for loaning out the excess in the quest for profitability and liquidity. Of the many cryptocurrency lending platforms, Nexo is a standout. For simple reasons.

Introducing Nexo

Nexo, powered by Credissimo, is a blockchain-based overdraft system where users can instantly borrow short term cryptocurrency loans based in Zug, Switzerland. The platform is automated and users-including hedge funds, miners and general investors, simply deposit supported coins in the Nexo wallet and receive instant cash loan in fiat.

Nexo Business Model

Besides, interested parties can deposit coins-only on EUR, USD, GBP and stable coins as of writing, and earn daily interest from their idle assets. The terms of the loans are spelled by the Nexo Oracle and stored in an audited Ethereum smart contract. While at it, the deposited collateral is secured by BitGo and insured. Some of the platform’s unique features include the lack of credit check, no hidden fees and users need not to pay capital tax gains.

Reasons for choosing Nexo

The Nexo Oracle

Nexo Oracle

The Nexo Oracle is the heartbeat of the platform, governing how loans are distributed, monitoring processes and for data analytics. To determine the credit worthiness of a borrower, it uses a Loan-to-Value ratio (LVT) to the platform’s legacy lenders taking into consideration several variable including market liquidity and depth.

If the Oracle calculates your LVT ratio and finds that it is 50 percent of your deposit, then if you agree to the terms and conditions, you’ll be loaned half of your deposit in fiat.

Interest rates, in APR (Annualized Percentage Rates) are automatically determined by the Oracle, and annualized. However, if the price of the underlying asset drop by half, additional crypto deposit will be required through a margin call.

Nexo supports over 20 cryptocurrencies and tokens. Introducing flexibility, borrowers have an option of repaying in ETH, BTC, Euro, USD and NEXO, the platform’s native ERC-20 “restricted securities” token marketed as SEC-compliant under Regulation D Rule 506 (c). Different from other platforms, token holders receive proceeds from Nexo’s profitability, divided proportional to the owner’s token balance.

Team

Nexo Team

Running Nexo is a dedicated team led by Antoni Trenchev LL.M, the co-founder. Prior to joining Nexo he was the Chief Innovation Officer and the Member of the Advisory Board at Credissimo. There, he was the head of Fintech strategy and concurrently advised on AML and KYC rules. Similarly, Kosta Kantchev, a co-founder. Like Antoni, he was the member of the Advisory Board at Credissimo.

Georgi Shulev is yet another co-founder. He’s an expert in banking, drawing useful experiences from Unicredit Bank Austria, Lehman Brothers, and the European Investment Bank.

Nexo Team

Evidently, Nexo has continued to flourish over time and at the moment, there are over 120 employees as Vasil Petrov, the CTO, George Manolov the business development head, Teodora Atanasova in charge of Business Development & Investor Relations, Ivan Kostov in the marketing department and Vasil Stoilov who’s in charge of risk management.

Advisors are Michael Arrington, the founder of TechCrunch and Arrington XRP Capital. The Arrington XRP Capital is perhaps the world’s first digital asset management fund that is denominated in XRP and incorporating xRapid in their processes. Michael has been voted on more than one occasion as one of the most powerful individual in the internet.

Trevor Koverko, the founder of Polymath. Through Polymath, Trevor plans on porting the multi-trillion securities market on the blockchain by the latter being a platform where startups can issue compliant securities token. Lastly, there is Paolo Tasca, the Executive Director of University College of London Blockchain Center.

Roadmap

Behind Nexo’s drive is the team’s ambition of solving inefficiencies in the lending market. Coming up with innovative and convenient financial solutions while leveraging the blockchain, Nexo’s is gradually becoming a solution to projects’ or individuals’ financing needs in a new digital economy.

The first Airdrop campaign was completed in Feb 2018. By March they had finalized their token pre-sale. In April, they completed their main token sale, launched their operations, lending out USD with ETH and BTC as security and the token was listed in several exchanges. In May, the initialized the process of acquiring a FDIC insured US bank, offered Euro support in June and in July launched the Nexo Credit Card.

By Q3 2018, they had automated their KYC, offered support of several cryptocurrencies, launched a Nexo mobile wallet and introduced an affiliate program. By end year, they had increased their overdraft limits and issued their second air drop.

In Q1 2019, they finalized their acquisition of the FDIC insured US bank, launching depositing accounts in the process.

Partners

Nexo Partners and Membership

As a regulated financial institution, Nexo has several strategic partnerships. Through their deal with BitGo, deposits are secure. For KYC, AML and any form of compliance, Confiado ease the process. Meanwhile, their collaboration with Securitize “and the integration of the DS protocol allows for tokenized securities issued by Securitize to be staked as collateral for Nexo’s instant credit lines, proves an incredibly powerful utility to trillions of dollars’ worth of traditional assets. Besides, Nexo works closely with UCL CBT and TrueUSD, which is “money built for the new global financial system.”

Nexo is a member of several associations including the Enterprise Ethereum Alliance (EEA), the Bitcoin Foundation, Crypto Valley, Swiss Finance + Technology Association and Bitcoin Association Switzerland.

Token and Fund Distribution

Aforementioned, Nexo is based on the Ethereum platform and therefore its native token complies with the ERC-20 standard. According to Nexo, their native token, NEXO, would be used to retain loyal customers through multiple airdrop campaigns and to incentivize customers and supporters. Each NEXO token bears dividend-paying features. As a utility, there will be a discount for borrowers who repay loans in NEXO.

Nexo dividend Token

Even so, the token is traded as a restricted security following the application of Nexo to the SEC for exemption. For successful launching, the team needed $52.5 million, the hard cap, which they crowd funded in an initial coin offering that took place from Mar 6 to April 1 where KYC was mandatory and investors from China barred.

Nexo ICO Summarized

During the main token sale, each token retailed at $0.1. In total there were 525 million NEXO tokens available for investors. The 525 million translated to 52.5 percent of the total token generated fixed at 1 billion. Of this, 25 percent was set aside for Overdraft Funding Reserves, 11.25 for founders and vested quarterly, 6 percent for the community and Airdrop campaigns and 5.25 percent to meet the need of Advisors, Legal and general PR. BTC and ETH were the only accepted coins during the public sale.

Nexo Token distribution

Fund Distribution

Nexo Fund Distribution

From the collected funds, 80 percent will go towards crypto overdraft funding, 8 percent towards IT development, 7 percent to cater for operational expenses and 5 percent towards marketing and growth.

ROI and NEXO Performance

Nexo ROI and Price Performance

Available in several exchanges as HitBTC, Hotbit, Mercatox and Yobit, NEXO’s 12-month volatility is 125.82 percent. Its maximum draw down is 91.61 percent and it is 12 month ROI-from launch and trading is 26.29 percent.

However, the ICO ROI is -27.05 percent at spot prices. The token’s market cap is $40,849,737, trading $5,055,616 in 24 hours, adding 3.75 percent. There are 19,048 NEXO holders and there have been 152,611 transfers even though the coin is down 23.59 percent against ETH but up 93.88 percent against ETH in the last year.

Short term Price Catalysts

The success of any lending platform depends on its ability to deter hackers and keep customers’ deposit secure. Nexo has that covered. Through their partners as renowned SEC-approved custodian, BitGo and Confido, the platform can assure customers of their assets’ safety while keeping track of borrowers.

The second gauge has to the speed of approval and disbursement of loans. Because of automation made possible by smart contracts and the Nexo Oracle for LVT calculation, Nexo has been successful distributing over $700 million from their wide customer base exceeding 200k.

Nexo User Review

There is diversity. Nexo’s customers are global, spread over 200 jurisdictions from where over 45 currencies are supported. Cumulatively, there are over $1 billion instant loan requests placed on the platform.

Drawing from this, it is no surprise that they are planning to launch a mobile app for iOS and Android, and later a Credit Card for their European clientele to even better the customer experience. Last month, they added TRX as one of the supported digital asset customers can borrow instant loans from. Recently, they paid out $2.409 million as dividends for token holders from where each NEXO token drew $0.0033 as dividend. There was no withholding tax imposed.

Nexo Dividends Explained

On top of this, Nexo is working on Utilities 2.0 for the NEXO token. Upon finalization, the token will bring a plethora of new amazing utility features, drawing demand for the token with “better interest rates on all Nexo products Premium features and functionalities Nexo Card cashback.”

Long term Price Catalysts

The confidence for investors is from the quality of the Nexo team. Before diverging and settling on the blockchain, they played key roles in Credissimo. Likewise, the involvement of Michael Arrington, an influencer in the crypto world and the head of a hedge fund denominated in crypto is good news. That is perhaps the steam that keeps the team going.

At the time of writing this changing hands at $0.072250, but given the trend of the crypto lending market, projected to attract more users and even balloon to their trillions in coming years, Nexo investors will not only benefit from superior return on investment but from the low APR as they would be  categorized as loyal and incentivized better.

Nexo Trillion Market

Presently, their APR is 8 percent per year while lenders can earn the same interest rate on stable coins as TrueUSD, one of their partner, but plans to expand that to BTC, ETH and even XRP.

Further, their strategic partnership with Terra to expand the cryptocurrency market in South Korea, from where Nexo has a huge following will further cement Nexo as a leading crypto lending platform in the world. In their deal, the Zug-based crypto lending platform will accept Terra token deposit from the soon-to-be launched lending platform focusing on the SE Asia market.

Already, Nexo has a partnership with TrueUSD but the deal with Terra, a stable coin that incorporate algorithm to maintain the price of its token at a desired rate via another token, Luna, impressed Nexo’s executives.

Please support us by checking out our great sponsor

Ever tried decentralized exchange with high liquidity? #DeFi

Please support us by checking out our great sponsor

Ever tried decentralized exchange with high liquidity? #DeFi

Fact is, numbers don’t lie. Numbers are records and according to independent studies, internet penetration is a big contributor, alleviating people out of poverty. But it isn’t about food or basic needs as shelter or education.

Research reveals that when there is financial inclusion, people, more so, in developing countries, can progressively move towards prosperity, and away from the grip of poverty and misery. Where they have access to financial services, they can better “arrange” themselves, get cushions whenever there is an emergency and cater for their family needs or even start a business. Good news is, according to a report from the World Bank, 3.8 billion people had an account either from their local banks or through mobile service provider.

However, development and adoption levels varied depending mostly with internet penetration which also correlates with smart phone accessibility. At the same time, the gap between the rich and the poor, men and women and the educated and the uneducated remained the same. Evidently, Blockchain, as successful startups demonstrates, are efficient and cheap.

Ripple Inc for example is working with the Bill and Melinda Gates Foundation through Mojaloop towards financial inclusion. Because access to smart phones and internet penetration goes hand in hand, Telcoin is taking financial inclusion to the next level, bring crypto straight to people’s phone numbers made possible by their collaboration with Telecommunication companies across the globe.

What is Telcoin?

According to the project’s creators, Telcoin is all about sending money, not to agents but to individual’s phone numbers, and making payments in a smarter way by leveraging the benefits of the blockchain. Utilizing the Ethereum blockchain, sending funds or making payments in eCommerce stores using Telcoin is near instant and distinctively cheap from traditional facilitators as Western Union and others.

Generally, their goal is to facilitate financial inclusion via cheap remittance, payments, credit and several other services that can be offered via the blockchain. Towards achieving their goal of unbanking the world and contributing towards the ideal goal of total financial inclusion, Telcoin is actively partnering with Telecoms in areas where accessing traditional financial services is a challenge. With this partnership, not only will more people access financial services, make payments and generally benefit from blockchain but users can receive funds in crypto straight to their phone numbers.

Remittance, Payment and eCommerce

Although their target market is large and not limited to collaborating with Telecoms, they will predominantly focus on payments, eCommerce and remittance. Payments is pretty straight forward but as aforementioned, through the Telcoin network, they are free.

The only charges are those made during conversion to local fiat currency. Undoubtedly, free on-chain transactions with conversions done in collaboration with local telcos is massive for small business owners always searching for saving avenues.

As a user, Buza, attests:

” Fast, Secure, Low-cost transactions, send crypto via phone number, available on top exchanges and partnered with plenty of crypto friendly merchants. Its never been easier to use Telcoin!”

Sentiments equally shared by Robun Decker who said:

” Very secure, fast, and low cost fees to send money around the world no more 10%-19% fees and accessed from your mobile operator.”

On the remittance front, Telcoin will provide a fitting solution. To paint a picture of how this is important, India’s received upwards of $62 billion of remittance in 2016. In the financial year 2013/14, remittance to Nepal stood at $3.5 billion which is roughly 25 percent of the country’s GDP. Sending funds via Telcoin, given the efficiency and cost-saving aspects of the blockchain is therefore, highly welcomed by the diaspora.

Team

Making this possible is a dedicated team. Claude Eguienta is the CEO and Co-founder. He has a master’s degree in Computer Science and previously worked as lead systems architect at CyberAgent besides founding Kabotip. Paul Neuner is the Chairman and he has over 20 years working in the telecommunication space. Apart from Telcoin, he his the CEO of Mobius, a mobile telecom fraud management company.

Then there is Simo Kinnunen who is a a full-stack programmer and an expert in Rust computer program. Other team members include Eric Chung who is the Executive Director, Adam Kull, a Masters of Computer Science graduate at Sweden’s KTH Royal Institute of Technology, Naïm Boughazi, Yacine Farouk, Alix Zerd and Christopher Riza, a smart contracts and blockchain researcher.

Advising the team is Michimasa Naka who has more than 28 years experience working with banks, Toby Hoenischm, a specialist in Artificial Intelligence, Jeff Quigley, Rajesh Sabari, the Head of Partnerships at MasterCard, Chris Suh working at the Royal Bank of Canada and Goldman Sachs and Batara Eto.

Partners

Telcoin transactions are affordable, near instantaneous and powerful yet convenient thanks to their collaboration with telecommunication providers. Besides, there is an incentivization model for service providers where volumes and fees are considered without affecting the profitability of these connectors.

At the time of writing, the Telcoin team are working hard, building a repertoire of partners. Because of the conversion from TEL, the ERC-20 token of the Telcoin network, to fiat, a majority are exchanges. They include HitBTC, Latoken, KuCoin,Changelly and CoinGate. Others include BRD, GSMA and Jumia.

Token and Fund Allocation

The platform’s native token is TEL, an ERC-20 utility token and a tool that Telcoin creators believe will serve the unbanked smart phone holders in developing economies. In total, there are 100 billion tokens.

Overly, the project’s aim was to raise a minimum of $10 million and a maximum, the hard cap, of $25 million. As such, crowd funding timeline was set from Dec 12, 2017 to Dec 31, 2017. Of the 100 billion TEL coins, only 20 percent or 20 billion was available for sale.

Then, each token was sold at 0.00129 USD (0.0000018165 ETH) with the minimum contribution at 0.1 ETH with no maximum cap. Notably, only ETH and BTC were the accepted coins. Despite an overall ratings of 3.3, the team managed to raise $25 million from their token sale which ended on Dec 31, 2017.

Albeit their successful ICO, there are no details on how exactly funds were used. However, as per their whitepaper, a “large part of the extra funds will be allocated to additional marketing spending in order to maximize our reach to at least one telecom in as many countries as possible – particularly important remittance corridors.”

At the time of press, TEL has a market cap of $21,505,807 with a daily trading volume of $105,173 or 156,296,866 TEL. This is from a circulating supply of 32,051,138,545 TEL. Year-to-date, the token’s performance has been stellar against the ETH, adding 69 percent, dismal against BTC as it is down 45 percent and stable against the USD.

Short-Term Price Catalysts

There is no doubt that Telcoin, an innovative blockchain based solution, is trying to merge two of the world’s leading digital domains in blockchain and mobile technology. Disruptive in a sense and a cog that will help in achieving a 100 percent financial inclusion, Telcoin is despite the bog, progressively moving towards its objective.

Although it is hard to judge the project’s true market potential and whether its token price will rocket in days ahead, the media attention it has received over time will help in a way reassert how the project is significant. The overarching objective for Telcoin is to be a go-to platform in online remittance, play a role in eCommerce and fulfill its purpose in monetary payments where people, regardless of geographical location, can receive money in their mobile phones.

As a result, the platform has an incentive-based governance model, a Flexible API for more interaction and differentiating itself from competitors, transacting via the platform is affordable. Because of what they want to achieve, they have a reliable platform that can support over 5 billion mobile phone owners.

Since they work closely with mobile operators, Telcoin inherent a system where users already trust the system made easier thanks to their proprietary easy to use wallet available for iOS and Android, that can easily integrate with telcos mobile wallets. The simple fact that Telcoin wallets can connect with Telecom mobile wallet means that users can send funds directly to phone numbers.

Striking partnership and edging closer to providing remittance services to those who truly matter is vital for Telcoin. Already as per their roadmap reveals, there is progress, releasing the Telcoin Reference Wallet in Q1 2019. There is another milestone. Late July 2019, the Telcoin team announced that their registration “with the Australian regulatory body AUSTRAC as an independent remittance service provider has been approved.”

As a result, Telcoin continued, this was their “first step toward providing Telcoin users in Australia the ability to send fast, secure, and affordable remittances to Southeast Asia and beyond with just a few taps on their mobile phone.”

Long-term Price Catalysts

Part of Telcoin success anchors on their ability to draw partners and get approval from regulators across the globe. Therefore, it is a noteworthy achievement that Telcoin, after waiting from 2018, has received a virtual currency license from Philippines Central bank.

Because of BSP VCE license, Telcoin can open up the first remittance corridor between Philippines and Canada. Thereafter, they make the real first step towards Telcoin product launch. Furthermore, with the license, Telcoin can reveal their Telecom partners in the Philippines as they prepare for a possible product launch latter this year.

Next there is also a great partnership for adoption in Malaysia:

We’ve partnered with Telin Malaysia, a member of Telkom Group, the largest telecommunications services company in Indonesia. Together we will empower anyone in Malaysia to send low-cost, high-speed, international remittances to Indonesia and beyond. Soon, anyone in Malaysia will be able to cash in via Telin’s network of 30,000 dealers nationwide to remit money to friends and family in Indonesia using the Telcoin app.

Additionally, with their partnership with NYSE-listed Jumia and Vimo, which is Vietnam’s leading mobile wallet, it is no doubt that Telcoin is right on track on their ambition of making remittance easy and fast in South East Asia.

Specifically and according to Telcoin, their partnership with Vimo will be the “fastest and most affordable option for the $1 billion Canada-Vietnam corridor.” Because of this link, “Telcoin users in Vietnam will be able to accept inbound international remittances from Canada (in CAD) and cash out to their Vimo digital wallet balance (in VND).”

Please support us by checking out our great sponsor

Ever tried decentralized exchange with high liquidity? #DeFi

Please support us by checking out our great sponsor

Ever tried decentralized exchange with high liquidity? #DeFi

Introduction

Think about it. The internet opened the doors of opportunities, easing processes. A product of collaboration, the internet is a work of art by itself. If anything, there are some similarities between the early days of the internet and that of blockchain. Those who tried to centralized the technology, with hindsight of how powerful it would become, as AON, faded into obscurity, never to recover.

Creating the bare bones of the internet required grit, a thick skin and above all, unwavering dedication. However, times are changing, and although we cannot conclusively say that the internet is legally centralized per say, there are some elements of the web that make it a weapon for repressive regimes or even corporations keen on advancing their objectives.

From throttling and harvesting of data-the new oil, to monetizing them at the expense of the generator to downed or hacked servers, there should be an option. A decentralized internet seems to be the solution and many startups want to build this modern internet on top of Web 3.0, that is, the blockchain.

What is Elastos?

Spearheading this drive is Elastos. By definition, the network foundation says they are a safe and completely decentralized infrastructure for the internet. However, in summary, Elastos is an operating system and a Runtime for dApps, providing the infrastructure required for a decentralized internet.  

Forging ahead with their goal is this inane mission of being a truly secure internet with high latency and reliability that shields users against digital rights violation and protecting transactions from third party intrusion or tracking.

To that end, Elastos will continue using existing internet infrastructure but with one key distinction.  The creators are keen on zoning application computing from general network communication. As such, apps cannot directly access the network successfully preventing attacks.

Besides, they take advantage of the security of Bitcoin, a network touted to be the most secure in the network thanks to complete decentralization and the magnitude of dedicated computing power, and the token is actually merged mined with BTC. Additionally, as an extra security measure, the network has side chain capabilities meaning the setup is inherently scalable and reliable.

Features of Elastos (ELA)

Combined, Elastos is a complete network, an ecosystem made up of Elastos BizFramework (DMA), Elastos Hive (IPFS) and Elastos Decentralized Identity (DID), creating this one maze representative of a true and modern internet that is scalable, robust because of Bitcoin’s security, private and secure for all set of users. Thus far, there are 290K Carrier Active Node and 1.1 million DIDs. Users are varied and from within the IoT, Identity, Media, Security and Real Estate industries.

Team

Unlike most blockchain startups, the Elastos team is structured in teams or “companies.” As such, they are interdependent and one member can work in several departments. The directors of the Elastos Foundation are Rong Chen, Feng Han and Ben Lee.

Complementing the Foundation’s activities is the Elastos Cyber Republic Council Preparatory Committee. Members include Yipeng Su, Kevin Zhang and Feng Zhang.

Meanwhile, the Elastos Blockchain Team is led by Shunan Yu and has 28 engineers handling development of the mainnet, the side chain, cross-chain asset transfers, Blockchain explorer, Wallet, on-chain services and more.

Jingyu Niu and Zhilong Tang lead the Carrier Team responsible for DHT, P2P communication protocol, Carrier SDK for multiple platforms, Authorized user connection via DID and more.

Further, the Runtime Team is under the guidance of Jingyu Niu and Zhiming Rao. Primarily, their task is to check and develop the Elastos dApp browser framework, Elastos dApp full cycle toolchain support and other activities.

Besides this, there is the Consulting Team, a Communication Team, Operations Team, Storage (Hive) Team, BizFramework (DMA) Team, Developer Experience (DX) Team, DevStudio Team and lastly the Consulting Team. In total, there are over 70 engineers contributing towards the success of Elastos.

Roadmap

Launched in 2017, the Elastos mainnet is up and running. In 2019, they plan to launch a scalable sidechain. Its whitepaper is available for review and as evidence of development, there are over 100 GitHub commits and development is open source.

In March of 2019, the dPoS and sidechains code was availed at GitHub for the public in readiness for unit testing, regression testing and integration. Then in April, the dPoS Supernodes Voting Started and the following month, Elastos Carrier 5.2 went live. In Q2, the community elected 36 dPoS Supernodes and another 72 on standby as dPoS consensus demands.

Additionally, the quarter saw the activation of the Token sidechain, Elastos Browser (Trinity), Ethereum Smart-Contract Compatible as well as NEO Smart-Contract Compatible Sidechain. Q2 also saw the activation of 12 CRC dPoS Supernodes and merged mining which was open to the public.

In Q3 2019, supporters expect the Cyber Republic to be released and handed over to the community. To explain, the Cyber Republic is a “is a diverse democratic group of leaders, developers, organizers, designers and council members formed to promote Elastos.” Key is that membership is free and contributors can earn ELA.

Partnership

Weatherblock has a partnership with Elastos. Notifying the community, the weather data exchange platform, they will use Elastos’ Runtime, Carrier, dApp framework, and browser in their ecosystem.

Overly, given Weatherblock need of IoT weather data which requires incentivizing people or entities using their physical sensors for the platform to draw timely and useful ground data information, then this partnership is huge.

Then there is their partnership with Alibaba’s Security Department, Aviation Industry Corporation of China (AVIC), Tencent, Tsinghua University and Shanghai Jiao Tong University, SAIC Motor, Foxconn Group, Top Network, WeFilmchain, Origin Agritech Ltd, HashFuture, Titan, ioeX of Taiwan, ELA Chat, DMA(Digital Distribution Marketing Platform), Bit.Game and GAEX, Viewchain, Bitmain and Shijiu TV.


Token Distribution

Through the ELA utility coin, the native currency of the Elastos Ecosystem, the project raised 94,070,000 or 6,500 BTC. Like every other utility, the ELA can be used for trading, paying fees and even as investment. Its annual inflation was set at four percent and for every minted coin, produced every two minutes-mining is merged with Bitcoin, 30 percent will be allocated to the Elastos Foundation and the remainder will go to miners.

In total, there were 33 million coins but only six percent were set aside for the public sale where Bitcoin (BTC) and NEO were the only accepted coin. 50 percent of the total coins in circulation would be set aside for ecosystem development, 15 percent set apart for Angel Investors, 24 percent for Private and Public investors and the 11 percent was channeled to the Elastos Foundation.

During the crowd funding period from Jan 2, 2018 to Jan 23, 2018, investors from China were barred and those trying to circumvent this rule were curtailed because of a stringent KYC filter in place. Each ELA token sold at 18.09 USD (0.00125000 BTC). The maximum one would contribute was 0.1 BTC and maximum, 0.30691 BTC. All purchased coins were then distributed before Feb 1, 2018.

At the time of press, Elastos (ELA) has a market cap of $46,277,121 from a $46,277,121 or 2,001,831 ELA daily trading volume. There are 14,269,791 ELA coins in circulation from a total supply of 33,592,252. In the past year, ELA is down 74 percent in USD terms, 80 percent against BTC and 49 percent relative to ETH.

Chiefly, because of last year’s free fall, dubbed the “cryptocurrency winter”, ELA’s ROI is below average and under-performing more so against the USD. For example, investors registered x0.17 return against the USD, x0.90 relative to ETH and x0.25 vis-a-vis the BTC.

Short Term Catalysts

The Elastos decentralized internet architecture ensures that the end user is the center of attention. It is user-focused with apps revolving around users and not the other way around. Of note is Elastos’ Spotlight Series 4 which focus on identity and the solution it presents, breaking down the “walled” ID systems in existence today. As already evidenced, data is huge and Elastos is at the forefront securing that end.

Working towards scalability, Elastos has announced that the NEO and Ethereum sidechains are now open for whitelisted developers and partners.  On the same day, the Ethereum Sidechain Blockchain Browser will also be released but NEO’s will be on a tentative date.

The deployment of these two sidechains will be on August 5, marking the end of a project conceived and subsequently implemented to scale and improve the network’s throughput. Good news is that during this activation, Elastos Supernodes, applications, wallets and even mining pools will operate and not affected by this upgrade.

Impressive, the Elastos hash rate now stands at 57.53 percent that of Bitcoin. This is a feat possible thanks to their merged Bitcoin mining and their reliance of the Bitcoin network for security. Making this possible is Elastos hybrid consensus algorithm combining Auxiliary Proof of Work (AuxPOW) and Delegated Proof of Stake dPoS).

Elastos blocks are packaged by miners solving the SHA256 hash functions, who are predominantly Bitcoin miners. All merged blocks are then signed and validated by Elastos Supernodes. Theoretically, this gives Elastos massive hash rate and thus security. It is this reliability and robustness it receives from Bitcoin that its mainnet can act as a backbone for its core activities-that of decentralizing the web, while the sidechains are where dApps powered by smart contracts can be successfully deployed. Given this arrangement, Elastos is infinitely scalable with no congestion on the mainnet.


Long-Term Catalysts

Overly, it is Elastos value proposition that is piquing interest not only from investors but from corporations as well. The aim here is to build a modern internet that is backward compatible, effectively assigning value to users while offering an infrastructural remedy resolving existing privacy ills. Experienced, their competent team were successful in the recent Hackathon course while beating competitors.

Elastos expertly does that via their Smartweb. The product is built on-top of the existing internet but instead of using URL to store data, the same URL will be centered on applications thereby shielding users against possible scrapping and data harvesting from unscrupulous elements. Whenever called, these URL summon applications and not data. Consequently, the architect here ensures that there are secure dApps and the implementation of a DID (Decentralized Identifier) builds an automatic authentication mechanism validating users’ identity.

On top of this is the Elastos Run Time, one of the core components of the blockchain startup, with its own repository. Because of RunTime, all Elastos-built dApps–seven are part of the network as I write this, are operating system agnostic.

That means, irrespective of the enabling environment, all dApp can operate in alternative OS without a hitch fast-tracking developer adoption.  Elastos is ahead of competition, providing options that are better that those offered by Blockstack and BAT. If anything, Elastos is a combination of Ethereum and Bitcoin but adds monetization of dApps and data.

Please support us by checking out our great sponsor

Ever tried decentralized exchange with high liquidity? #DeFi

Please support us by checking out our great sponsor

Ever tried decentralized exchange with high liquidity? #DeFi

Technology observers argue that the internet, though distributed and pretty much anchoring processes in the increasingly globalized world, did less to bring true freedom for the end users. Yes, processes were eased but with the internet, it fed giants.

Drawing free data from billions of users, publishers were left exposed, exploited and funny enough, yearning for more. The blockchain seeks to break this “original sin”, and through content, ownership and control will be reverted back to the generator.

In the economy token effected by blockchain, there is privacy, control and pride. The content world is here, and the U Network is yet another option from where readers, content platforms and authors, searching to transform content to assets can find reprieve.

What is the U Network?

Simply put, the U Network inverts the way content processing/rating is traditionally done, building this global but decentralized content platform driven and rewarding the community. There is a shift from centralization to decentralization, where truly gifted authors have a platform to publish high quality content in a field that has been leveled, and fluff automatically weeded out.

In the platform, quality and participation is rewarded. By migrating traditional evaluation processes to the blockchain where storage is decentralized and secure, there is trusted notarization, efficient distribution, seamless publication and immediate valuation.

Combined, the U Network is where content is converted into digital assets creating a revitalized market place  for content. In turn, this brings about better optimization of the internet of value, complete autonomy and well, efficiency that is only unique to blockchain.

Prediction Market Mechanism a Game Changer

In their path towards building a true internet of value for their content creators, several user generated content platforms will be built on top of the platform. The objective here is to introduce a market mechanism for easily solving problems related to distribution, centralization or quality of content.

The prediction market mechanism is core. Through this, the community is part of the  process. Node operators are rewarded for their contribution and content generators are equally rewarded for what they bring on board. Meanwhile, users earn for predicting content that will possibly trend because of the quality in them.

The dApp Platform

Additionally, the U-Network is optimized for dApps. Advantageous in that the network is public with low latency and most importantly free, users can build dApps with a one-click token release function.

Because of this, users can build their special asset portfolios on different platforms. Beneath the UGC platform-which is the creative layer, the U-Network boast of a smart contract UVM built on top of the blockchain with decentralized storage.

Team

Behind the scene is a dedicated team with a background in media, distributed systems, advertising, content creation and marketing, live-streaming as well as blockchain and finance. Already, the U Network has offices in the Silicon Valley and in Beijing though it was founded at Singapore.

Generally, the overarching objective is to rollout a thriving global content ecosystem where publishers can convert their expressions into assets in an immutable blockchain.

Then there is Peter Qin, a co-founder and head of business development. His previous experiences were at USC and SEU. Other team members are Qiujie Shi, Jie Yang, Chris Guan and six others.

Then there is Yi Lu, the co-founder and Project Lead. Notably, he was a software engineer at Lyft. His other stints were at UMass Amherst, Zoosk and Cisco.

Similarly, Paul Li is the co-founder and head of strategy. Before this, he was the Marketing advisor for Moxtra.

Advising the team are David Bailey, their content advisor. Bailey is the CEO of BTC Media, Bitcoin Magazine, The Distributed Ledger as well as a board member of the Po.et Foundation.

Yanbo Li has invested in the project and doubles up as the Technical Advisor. He is the Founder of NKN but co-founded Onchain with previous experiences at Qualcomm, Nokia Siemens Networks and Motorola.

Haobo Ma is the U-Network’s Blockchain Advisor. Other noteworthy advisors include Wei Guo and Xiahong Lin.

Roadmap

Towards their goal, the U-Network has split their development into three main stages: Ustart, Uchange, and Unlimited. The first two phases are complete, and the team is now working on the last and final stage.

To recap, the project was founded at the beginning of 2018 crypto winter as the UGC Foundation established in Singapore. Later in February 2018, the UGC Network renamed U Network and conducted their first airdrop in the same month. However it wasn’t until May when the first dApp was tested and the first UCCIP1.0 program announced.

In August, the U Network Test net went live and three months later, the U Network announced the successful deployment of smart contracts compatible with EVM and release of UVM.

Towards the end of Nov, the Mainnet UStart officially launched, announced its Genesis block where the TPS exceeded 2,000. In December, they deployed one-click smart contract function on their blockchain.

This year, they plan to build the U-Network ecosystem and import dApps into U Network platforms after a successful dApp beta version was released in May.

Partners

Ambitious, the U-Network is working closely with several partners. There is NN which describes itself as the “Network Infra for Decentralized Internet”, Quarkchain, a popular platform that is scalable, incorporating Sharding technology ahead of Ethereum, Mixin, a P2P transactional network for digital assets as well as the SWFT Platform, a blockchain network currently easing payments while enabling instant cross chain swaps.


UUU Token and Fund Distribution

Sugar (UUU) was the ERC-20 compliant utility token that facilitated crowdfunding. In total, there were 10 billion UUU tokens. However, 60 percent, as per publicly available information, were set aside for public investors. Initially, the team planned to set 40 percent fro investors.

During the crowd sale, each token sold at 0.00290 USD (0.000005 ETH).

Per the original scheduling, the UUU token distribution was as follows:

  1. 40 percent to be issued to investors
  2. 8 percent to early investors and advisors
  3. 20 percent to the founding team
  4. 32 percent to community development

Upon a successful raise, the team planned to use these funds as follows:

  1. 30 percent for research and development
  2. 30 percent in marketing and operations
  3. 20 percent in building the community and strengthening their U-Network ecosystem
  4. 10 percent to cater for legal counsel and any other risk
  5. 10 percent for other miscellaneous activities

With the crowd funding carried at the depth of the bear market, the UUU token is performing exemplary. Relative to other tokens, the token is up an impressive x8.6 against ETH, x3.14 against USD and x2.98 against BTC.

Behind this is a liquid market with a daily trading volume of $4,580,265 and a market cap of $63,775,190 at the time of press. In the last day, the token is up 15.1 percent in USD terms to $0.00911. The U-Network to BTC ratio is 1057474.98.

Supporting exchanges are Bitbox, HADAX, HitBTC, IDEX, Huobi Global and COINX.Pro.

Short-Term Price Catalysts

As technology evolve and expectations increase, standards are inevitably raised. The U-Network is strategically positioned to tap into this need. A platform that incorporates the need of ordinary authors, content platforms and readers, there is an opportunity for everyone to participate and get paid for their effort. The Sugar token, UUU, is therefore a gateway for investors. In their bid to benefit from the future, several U-Network development as partnership and on-chain enhancements would pave the way for prices to edge higher, unabated.

Top of this is the possibility of pairing with USDT at Huobi. To highlight how significant this is, Tether (USDT) has a market cap of over $4.2 billion. Consequently, it is a preferred stablecoin listed by most liquid exchanges. Depending on the platform, the coin can be a token-recently launched at the Tron platform, or a coin if issued directly from the Tether Treasury. Given the increasing volumes of UUU as aforementioned, pairing with the world’s most liquid coin would contribute to the overall success of UUU as benefiting investors.

Secondly, UUU is listed at Huobi Korea. Their availability in one of the most cryptocurrency-receptive market is a huge boost for the project. Investors are guaranteed of liquidity and with the future gradually gravitating to a user-focused world, participants and coin holders will be on the direct path as the bullish tide sweeps the token to new highs. But the founder’s sights are not in South Korea alone. There are solid plans to rebuild and strengthen the U-Network community in China. Already, the plan has been activated and the response was immediate. UUU prices soared, rallying x10 but could add more once they satisfactorily penetrate the South Korea’s content market.

Supplementing this is the interest of exchanges to list the coin. Although most of UUU trading is from Huobi Global and HADAX, where the UUU pairs against ETH and BTC are dominant, the availability at Huobi Korea and other exchanges as BitBox, IDEX, HitBTC and others are perfect for the token’s liquidity. Given the demand and the ease of acquiring the asset thanks to these exchanges, the better prices will respond.

Add this to their buyback program and the UUU’s market cap can significantly improve. Given, consecutive rounds of UUU buying would spur demand and with it prices will readjust higher as the market cap increase. Depending on how aggressive they are, a break into the top-50 is a possibility.

Long-term Price Catalyst

Exchange listings and their buyback programs will prop the coin in the short term. However, for the true hodlers to register above average ROI, then price would anchor on the U Network development. The first two phases are complete and developers are now active, working at the third and final phase, Unlimited. In H2 2019, the U-Network plans to build 10 offline city nodes as they plan to reach more countries.

Additionally, they will create a content fund in the same period, the first of its kind. The focus here is to foster development of the U Network ecosystem. To that end, they will also fuse their blockchain with the IPFS, effectively decentralizing storage. Overly, this is a feat that is a huge leap forward. In their drive, the mainnet is ready. Already, there are four ecological products that are ready and investors from all over the world are interested in helping U-Network achieve their vision and mission.

While they plan to list at major centralized exchanges, increase the number of products and partners–Turst Dice being the latest, what’s interesting is their proposal to Binance. Submitting and requesting for a listing at Binance DEX following the completion of the UUU token bridge tool, UUU is well positioned to tap from the increasing interest from coin holders to shift from CEXs to DEXs, of which Binance DEX is a standout.

Please support us by checking out our great sponsor

Ever tried decentralized exchange with high liquidity? #DeFi

Please support us by checking out our great sponsor

Ever tried decentralized exchange with high liquidity? #DeFi

A complete gaming ecosystem to attract millions of mainstream gamers by partnering with the biggest mainstream games everyone knows.

There are many great projects we reported about but we can honestly say that this is probably the biggest opportunity you will come across in a long time. How can a potential top 10 marketcap project with this quality team, unannounced huge partnerships, and planned mainstream adoption of millions of users next year, go under the radar and for how long?

This project is just on the market and has not started marketing in full force. UOS is at 2 Million marketcap!? please DYOR and you will probably not believe this low valuation.

Once the platform open beta and UOS mainnet chain (EOSIO fork) and partners are announced in the next 2-3 months this project has probably much more accomplished than many 10 projects in crypto. Based on that and the hype coming with the onboarding of 1M+ gamers together with their western and eastern partners we think the $UOS coin will easily be able to grow to a 500M+ Marketcap in the short term and well above 1B in the long term.

Product and Token Utility

The Ultra platform is the first product build upon their own UOS blockchain protocol that intends to disrupt the $140 billion gaming industry. This is because it allows users to build and operate their own game distribution platform or virtual goods trading service but also just play the best mainstream games that people are used to on existing monopoly platforms like STEAM.

As such, Ultra has the potential to break the gaming market monopoly. The platform efficiently provides new solutions to gamers and developers alike. To that end, innovators have business customization that infinitely expand possibilities for developers. Ultra’s overall goal is to federate the entire game ecosystem under a single roof. This means that the distributing gaming platform is a stepping stone to this goal.

The Ultra protocol will, therefore, become an interactive distributed ecosystem where you can earn money by playing, promoting or selling games. Additionally, you can write articles or stream via Twitch, watch ads and many other rewarding activities.

Besides, the network in itself is fast and intuitive even to novice users. The ease and speed are perhaps the reason Ultra has already served millions of game downloads around the world. The Ultra ecosystem is therefore in a great position to leverage the distributed efficiency of its blockchain to make this market fairer and more accessible even for small developers.

Notably, they incentivize developers to retain a portion of their earnings within the ecosystem. This is because they can reinvest their revenue in the game improvement or even advertisements. Because of that developers earn instantly after a sale and this can keep the token flow within the ecosystem going. Moreover, you can become an influencer on the platform and earn in the process.

Making this possible the Ultra Token $UOS (currently erc-20m, later on own blockchain). UOS provides liquidity for the platform and with it, anything can be purchased within the Ultra protocol. Simply put, UOS provides a way for developers, influencers and players to interact. The transactions gradually increase demand for UOS as the ecosystem grows. Moreover, the platform features instantaneous fiat to UOS conversion. This certainly improves user experience.

All games can be purchased by $UOS, creditcard, Paypal or other known payment solutions and in the backend every dollar will be exchanges in and out of $UOS to distribute value through the ecosystem. The incentives like staking programs, betting applications, tournaments, tipping and many more ensure that about 40 cents of every dollar that enters that ecosystem is retained into Ultra and $UOS coin.

Think about that for a second…

Team (rare quality)

This project has a world-class development team. But world class is probably an understatement. How many platforms can boast of having staff previously with Google, Time Warner, Apple games, Dell, YouTube, and Microsoft among other A-list tech companies? This protocol is the product of their combined brilliance and expertise in various constituent fields.

David Hanson and Nicholas Gilot serve as Co-CEOs. The former was the founder and CEO of Xiaobawang $100M+ video game console project for the Chinese market in partnership with AMD. Moreover, Hanson has been in the blockchain space pretty much since inception. Gilot also was part of Xiaobawang. Additionally, co-founded Youcall and has had 1.5x – 3x revenue on the multiple game/app projects he worked on.

Mike Dunn is Ultra CTO. He was previously CTO at Dell & Time Warner, member of W3C, Mentor at TechStars and a sponsor of MIT Media Lab.  Accordingly, he is well suited to provide the tech expertise that powers this project.

Edward Moalem, the CSO is a former director of Google Play Games and former Head of Apple Games Unit. His expertise in brokering gaming deals with leading companies is particularly invaluable.

Other crucial developers are: Lee O’Donovan, the CMO, Julien Marron, the CFO, Peter Salinas and Cristian Rizea.

Key advisors include: Ritche Corpus, the lead content advisor. Others are Allen Foo, who is an expert in the China market and Alexandre Mironesco.

Roadmap

The greatest short-term risk for the project is running out of money. This is why the developers are conducting an IEO and will later raise more funds through equity. The project needs to gain capital to fund further growth and an increase in team numbers. Regional partners, especially in China, are essential to this scale up.

The team behind the project conducted an IEO on Tokinex platform on July 16th. According to the official roadmap, this quarter of 2019 (Q3) will already see the ultra blockchain mainnet, Ultra Open Betta release which is super huge. Q4 of 2019 will see exclusive game investments and the Ultra Core release.

Important Partnerships (for now)

This project has a number of high level partners. Bitfinex is obviously a standout partner. This is because the exchange will aid Ultra with a marketing boost. Others include Crypto gamers, IBC (a blockchain capital firm), Bright Law firm, UCCVR, Wachsman PR, and Point 95.

Tokenomics

This project aims to effectively disrupt the gaming industry. This is obviously a massive industry with the masses spending time online and getting even a slight chunk of this space means potentially billions of dollars. UOS tokens fuel this ecosystem and create and excellent investment opportunity especially with this platform still in its infancy.

$UOS is not on Coinmarketcap yet, but all token details are updated on the Coingecko Website

Accordingly, the project’s token economy is essential to this endeavor. The platform took the option of an IEO, which is essentially an ICO conducted by a cryptocurrency exchange. The successful IEO raised $5 million or roughly 466 BTC with an IEO price of 1 UOS = $0.05.  During the IEO, only BTC was the accepted currency.

 Towards this goal, the maximum contribution was $2,500 while the lower limit for willing investors stood at $20. The total token supply of this utility ERC 20 token is 1 billion UOS where only 10 percent of the tokens were available for investment.

Individuals who were willing to invest more than $20k were required to subscribe and thereafter there was a 3-month vesting schedule in place.

The token distribution is as follows:  18 percent goes to the core team, 10 percent as company reserve, 15 percent for growth, 19 percent for content acquisition, 10 percent each for the IEO and private sale, 12 percent for exchanges and the remaining 5 percent for marketing.

Short Term Price Catalysts

There are some major things that will happen in the next 1-4 months

  • ULTRA team is meeting their undisclosed Chinese gaming partner on China Joy which is the biggest gaming conference in Asia. This leading Chinese gaming company which is rumored to have more than 100M+ users is going to operate the Ultra gaming platform in Asia and will boost the Ultra ecosystem with tens of millions of users. (WOW)
  • ULTRA is preparing announcements of multiple well known game developers to be publishing their games on ULTRA. The platform SDK is perfect to port games from STEAM and other gaming platforms into Ultra which potentially lets you play all world class games in one platform.
  • The team is mainly in France and it seems that it has very close ties with the third largest gaming company in the world: Ubisoft.
  • The team already has 100+ game publishers other than Ubisoft signed on and will start communicating them around China Joy (2e of August)
  • The companies founded earlier by the Ultra founders have a big hardware partnership with AMD ($100M+ valuation) and it’s rumored that AMD is also involved in their new venture Ultra.
  • The team can’t talk about exchange listings but we believe that they are working hard with the top tier exchanges to get $UOS more available to more investors in the coming month. This will be a huge boost in liquidity but often this also means the price will rocket up and people complaining about liquidity now will then be too late to buy in cheap.

Long Term Price Catalysts

The obvious leading long term catalyst is just how immense the gaming industry will be in future. Advances in tech have seen unprecedented gaming and virtual reality experiences come to the fore. This market will only continue to grow into the distant future which is excellent news for Ultra now that developers would even earn more-as much as 50 percent-than in legacy systems.

Moreover, the potential for improvements within the blockchain space is great. This technology is still in its relative infancy and more possibilities emerge by the day. This is something that the big Ultra team will aid in for years to come. At the moment, developers number over 35 and this could balloon to over 100. The fact that this is an experienced and versatile team makes this process exciting.

Additionally, the network boasts of Cross-platform and cross-play functionality. This makes it compatible with Steam, Xbox, PlayStation and Nintendo Switch which are obviously the big names of modern gaming. Add that to staking capabilities and the ability of third parties to join tournaments on the network because of interoperability, the possibilities are endless.

Also the team is working on a mobile version called Ultra GO to capture the big mobile gaming in especially Asia.

The multiple opportunities such as betting on tournaments outcome, item trading and voice chat will likely make this platform a hit. The overlay tech makes Ultra’s prospect bullish. Already, developers are doing more work to expand these possibilities. 

Last but not least: In our opinion the Blockchain that will be released in 1-2 month that will be the underlying protocol of this ecosystem can be compared to a shared ledger between the game company giants. Like in EOS there will be block producers that secure the network and we have enough clues that these nodes will be operated by the elite game companies in the world. Think of the largest hardware, software and publishing companies in the gaming space and you will then know what size we are talking about. In one of our latest tweets we compared this big collaboration of elite gaming companies behind the open UOS blockchain to the founding members of the Facebook Libra association. All these partnerships are kept secret until the time is right in the coming weeks/months but if you do enough research and read between the lines you will know that this is a once in a lifetime opportunity and we are lucky that investors are currently still ignorant to everything that is to come.

Please support us by checking out our great sponsor

Ever tried decentralized exchange with high liquidity? #DeFi

Please support us by checking out our great sponsor

Ever tried decentralized exchange with high liquidity? #DeFi

The blockchain is an immutable and versatile resource.  Its applications have the potential to disrupt the way finance and data are handled fundamentally. That said, the independence of blockchains makes them need solutions to integrate functions and be part of a bigger decentralized ecosystem. Such a platform to interlink and have transfer of value in zero-knowledge while provides scalability and maintaining privacy can be a goldmine for dApps. This is the value that the Ren Protocol adds to the distributed ledger space.

Introduction

The Ren Protocol is a project that is attempting to develop a decentralized dark pool protocol for atomic, cross-chain trading.  You are probably asking yourself; what is a dark pool? This is essentially an over the counter (OTC) marketplace where institutional investors can get anonymous execution of a trades. In the blockchain space, it is similarly a marketplace but for dApp developers and users to make orders for anonymous trades. Similarly, dark pools provide a secret matching engine that works with orders only known to their owners. Notably, these orders are not available to the public at large like normal exchanges. This guarantees anonymity.

Because of this, the Ren Protocol works to facilitate free movement of value between blockchains. Moreover, the network ensures that there is transfer of tokens in zero-knowledge because of the dark pools. This platform can, therefore, provide new liquidity and resources to scale up open finance movement across blockchains. The dApps run in secret ensuring privacy and security for data and users. This means that Ren is an effective virtual machine for privacy and interoperable liquidity.

Ren Virtual Machine (RENVM)

The REN Virtual Machine (RENVM) is essentially the engine that powers Ren. RENVM uses secure multiparty computation algorithm to provide necessary private, scalable and interoperable solutions. Accordingly, you can efficiently conduct private computation over multiple inputs and multiple parties.

The protocol uses ZK-Snarks for building, deploying, and running general purpose, privacy preserving applications. ZK-Snarks is a form of zero knowledge cryptography. Zero knowledge connotes the ability allows one party to verify information from another party to a transaction without revealing any information beyond the validity of the statement itself. The ZK-Snarks facilitate more sensitive OTC deals and eliminating front running. Zero knowledge capabilities are essential for privacy and empowering dApps with these possibilities really gives Ren the edge over any other blockchain platform.

Use Cases

REN protocol can facilitate secure multi-party computations power a privacy layer for decentralized applications. This enables the dApps to have a variety of possibilities that are unique to REN as it ensures liquidity and scalability. As such, dApps can have private and interoperable lending, exchanges, collateralization among other possibilities. This generally provides decentralized finance, trustless solutions for privacy and interoperability for dApps.

Team

The team is competent with backgrounds mostly in software engineering and finance. Ren conducts operations from Singapore with developers from across that region.

Taiyang Zhang serves as the project CEO. He is also the co-founder of cryptocurrency trading firm Virgil Capital. Zhang is a blockchain and Software as a service (SAAS) expert. This experience gives him both the expertise and vision to lead the project.

Loong Wang is REN CTO. He was the lead software developer for Neurocode and is an alumnus of the Australian National University. He is also well versed in distributed systems, cryptocurrency and parallel programming.

Other key developers are: blockchain developer Susruth Nadimpalli, software developers Noah I, Yunshi Sun, Jaz Gulati, Divya Mary and Vincent Au. Michael Burgess is in charge of operations and Vincent Ward takes up design.

Roadmap

Ren has the vision of creating world-class privacy and interoperability focused tools to grow its ecosystem. Notably, in January 2019, the Republic protocol had a rebrand into Ren. This realigned its scope into offer private and interoperable liquidity. Furthermore, in March, the protocol partnered with Aztec protocol to incorporate their privacy focused tech into the Ren ecosystem.

Additionally, in May, Ren Virtual Machine successfully deployed to Devnet. Going forward, focus is on the REMVM test-net and mainnet through the rest of 2019. 

Accordingly, the development team will continue with testing, stability, and consolidation of the VM. Tools like the Hyperdrive will be essential in leveraging the power of truly decentralized cross-chain liquidity. This will allow REN to become a complete virtual machine for privacy and interoperable liquidity,

Partnerships

Important partners include; Polychain Capital, Signum Ventures, Signal Ventures, the AZTEC protocol, True USD among others. The partnership with Aztec protocol is notable because the protocol will incorporate their privacy-focused tech into the Ren ecosystem. As aforementioned, the dark pools are a very consequential component of the REN infrastructure.

Other high profile investors are Poly Chain, Huobi Capital and FBG capital. These investors and partners are essential for their capital and infrastructure moving forward.

Tokenomics

REN, an Ethereum based, ERC-20 compliant utility token operated under the as the Republic protocol up to early 2018.  However, the protocol has since expanded its scope to focus on private and interoperable liquidity.

The REN token provides the liquidity that the platform needs via a proof-of-stake consensus algorithm incorporating Masternodes for decentralization and scalability. Besides, it secures the network since it is required for staking for persons/entities who want to operate any Darknode.

REN conducted a successful ICO which ended on Feb 3, 2018 raising $34.3 million as each token changed hands at $0.05714 for public investors.  60.2 percent or 602 million REN tokens were sold to investors with a maximum cap of 1 ETH where the purchased coins were unlocked after two weeks.

At the moment, the market capitalization is $60,896,771 USD on a circulating supply of 769,764,831 REN. The total supply of tokens is 1 billion REN.  This means that since the ICO, the return on investment (ROI) is as follows:  X1.31 on USD, X5.71 on ETH and X1.14 against BTC.

Note that the ROI for ETH is particularly high because at the time of the ICO, ETH prices bore the heaviest brunt at the start of the 2018 crypto bear market. Presently, the token is paired against BTC, BNB and ETH in exchange as Huobi Global, Binance, IDEX and OkEx.

Short Term Catalysts

The Ren protocol is still underrated and probably undervalued as a token. This is because its utility value is course-alerting for blockchain apps. The provision of not only scalability but also liquidity gives it a market edge. At the moment, the supply of a billion Ren is likely to be a catalyst in the short term. This is because as more institutional investors come into play, the value and mobility of the tokens will go up. Moreover, the high buy volume means that the protocol itself is liquid.

In addition to that, the project is one of the most talked about ERC 20 projects on Twitter and GitHub. As a result, this level of developer and investor attention gives the protocol visibility on the markets which can translate to price bumps.

Finally, the updates the protocol has in its roadmap are potentially positive for prices. The Hyperdrive upgrade, in particular, will improve the RENVM greatly. This is because the consensus mechanism will bring fast decentralized consensus to RENVM. Accordingly, this and more developmental upgrades will give prices a shot in the arm.

Long Term Catalysts

In the long-term, Masternodes can provide an excellent revenue source. This is because the decentralized nodes are an investment channel as you need 100.000 tokens to operate one. As a result, this gives room for 10.000 Masternodes which brings value to the platform and improves prices.

In real life, a staggering 50 percent of all stock trades are done in dark pools. This is for all manner of reasons but the point remains that dark pools are an incredibly popular investment channel. Similarly, Ren is the pioneer blockchain dark pool protocol. Overly, the anonymity and liquidity it is both lucrative and attractive for investors and dApp developers in the long term.

Moreover, institutional investors can really be the edge REN needs. This is because; they are more likely to prefer dark pools over normal exchanges in trading crypto. With the entrance of institutions like Facebook into crypto, this could really be a turning point in crypto as pertains to institutional investors.

Please support us by checking out our great sponsor

Ever tried decentralized exchange with high liquidity? #DeFi

Please support us by checking out our great sponsor

Ever tried decentralized exchange with high liquidity? #DeFi

Blockchain technology is now just over a decade old. That said, the possibilities of this trustless immutable ledger still emerging by the day. That said, its application in enhancing business processes can be its most consequential application. Regardless, adoption levels are not nearly at levels the technology can command. Accordingly, a blockchain solution that integrates this solution efficiently for businesses is a sure bet.

This is exactly what the LTO Network does. This is a platform that can bring the blockchain and business worlds together seamlessly.

What is the LTO Network?

The LTO Network has is a unique platform that seeks to expand the scope of blockchain to the B2B market. This is because the platform’s infrastructure allows different parties to conduct trustless cooperation on the blockchain. The network achieves this through live contracts.

LTO therefore actualizes the promise of trustless B2B collaboration which is something developers want. Moreover, the network facilitates ad-hoc collaboration between members of a contract. This is important because members of the contract determine contract rules and not individuals on the network level.

What are live contracts? You would probably guess that they must be related to smart contracts. You are right on the money. The slight twist is that a Live Contract not only determines the state of a process but also actively instructs humans and computers on the steps it contains.

In simple terms, the Live contract is an automated workflow. This is because it is a sequence of related steps that are necessary to complete a smart contract. In other words, the Live contract has rules and an action triggers another action and the sequence goes around to completion.

The workflow is a process. For any process to go smoothly, there have to be rules to give logic to the operation. For instance, when two parties decide to have a contract, there is the drafting, approval, then signing parts. Accordingly, the signing part can’t come before approval, or that a contract that is not approved has to be redrafted. This means that the workflow has rules to give it logic. A Live Contract is a combination of the workflow and workflow rules.

The LTO Network facilitates B2B processes because it can handle inter-party Business Process Management on the blockchain. This gives LTO an edge in this field because it not only facilitates financial transactions but also does the formalities it takes to bring parties with different business and political interests to work within the processes.

The network uses a hybrid system of a public and private chain. The public layer serves the role of a global security settlement layer. The private network is where the parties exchange data securely,Notably, LTO is Network GDPR and data privacy compliant meaning that it fares well on the regulatory front. This is because data from the private layer does not get exposed to the public chain

Use cases

The network can disrupt supply chain processes, insurance, healthcare and KYC procedures. Other uses include real estate, notary services, transfer pricing automation (DTM), document management and tokenization of real estate and shares.Furthermore, this system can facilitate lease agreements and Non Disclosure Agreements (NDA) contracts.

Let’s take the example of supply chain processes. The Dutch and Belgian governments cooperate with public agents AVR and Indaver for waste transportation solutions. The LTO Network won this tender in 2018 and will create backend solution to facilitate the collaboration.

The two governments supervise removal and transportation of waste to and from other EU countries. Accordingly, they liaise with multiple agencies to manage the operation. Manual processes are cumbersome and need plenty of paperwork and human resource. The LTO blockchain eliminates this clutter and instead provides an immutable way of verifying data about the weight of the shipment and the quota, making interactions among the parties trustless and secure. Moreover, all stakeholders get access to the secure data as it is GDPR compliant.

Businesses normally utilize consortium chains to assuage privacy issues. This network has a private layer for data sharing and process automation. Because of that, the private layer facilitates live contracts each with unique workflow logic. The businesses can exchange data seamlessly without sacrificing privacy.

Therefore, the public layer serves the role of a global security settlement layer. This duality of a public and a private layer makes the network hybrid. Distinctively, LTO is Network GDPR and data privacy compliant meaning that it fares well on the regulatory front. This is because data from the private layer does not get exposed to the public chain.

Furthermore, LTO is scalable and works seamlessly with a diverse a wide range of operations. This creates a suitable medium for all parties in the contract to connect at their own pace. This brings an extra level of efficiency in business which is a remarkable trait for blockchain.

Team

 LTO network has an experienced and dedicated team that works round the clock to ensure the platform gets even better.  Rick Schmitz is the project CEO and rightfully so. He is well-versed in private equity and has worked at both PWC and Deloitte. He is also the founder of Dutch startup Firm24 and Legal Things. Rick is best placed to bring his knowledge in business and integration into the blockchain world.

Meanwhile, Arnold Daniels is the lead architect for this project. He is also well experienced boasting over two decades as a certified AWS architect. Before joining, he was also the lead engineer for the Cloud9 IDE which Amazon acquired in 2016. Martijn Migchelsen serves as the COO and simultaneously the CFO.  He is has also worked with PWC as a corporate finance advisor. Besides LTO Network, Martijn is the co-founder of Firm24 with Rick.

Then we have Sven Stam who is the project CTO. He has a Master’s degree in artificial intelligence and specialization in distributed systems. His technical prowess compliments the business minds above excellently. Finally, Ivan Golovko is head of strategy and investor relations. He is also the co-founder of distributed fund and Distributed Alliance.

Important advisors include: Mike Egorov, CEO of NuCypher. He is a senior computer software engineer with a PHD in Physics, Sandor Klein, Senior VP on international sales at Docker, Pedro Irujo of CEMEX ventures and Femke Stroucken of CMS.

Roadmap

The LTO Network began as LegalThings back in 2014 as a platform for creating, sharing and signing contracts digitally before experimenting with Ethereum’s smart contracts and later finding the blockchain- FSM (Finite State Machine) combination as effective.

At the moment, the development team is focused on integrating 2 LTO innovations with the mainnet. These are the Leased Proof of Importance and summary blocks. In September, LTO will work on implementing new features in decentralized workflows.  These features will replace flows diversions among other applications.

In December, the team will work on implementing the remaining tech paper features.  These include self-sovereignty identity and chain of trust.  Overall, the team is brilliant and focusing on truly providing an avenue for businesses to collaborate efficiently on the blockchain.

Partners

Significant partnerships include: Dekra, Deloitte, MSeven, OSRE, Merin, Stena, Firm24, CMS and Damste Notary. By its nature of connecting businesses, this network will obviously have dozens if not hundreds of clients in due course.

Some of the partners double up as clients and this will be excellent for growth moving forward. For example, SignRequest, which is one of the largest Europe’s leading electronic signing providers added the LTO Network to its signature platform.

Acknowledging, Michaël Keens, CTO of SignRequest said:

“When we researched blockchain platforms, LTO Network stood out in terms of speed, set-up, and capabilities. We are able to include the blockchain transaction identifier directly into our signing logs which are circulated upon signing without the need to wait minutes for confirmations.”

Meanwhile, V-ID, a practical platform, also has a partnership with LTO Network. By complementing each other, Marnix van den Berg, Founder V-ID, said:

“The conversations we had with clients or potential partners over the past few months have always been full of energy, but Rick added even more. LTO Network distinguishes itself through speed and potential, in addition to vision and leadership.”

Tokenomics

In December 2017, the LTO network conducted a seed crowdfunding raising $1.4 million from supportive European community members. Next it had a private sale in December 2018 raising $1.7 million more. Finally, the project had a crowdsale in January 2019 raising $4.08 million. B

LTO network is scalable and works seamlessly with a diverse a wide range of operations. This creates a suitable medium for all parties in the contract to connect at their own pace. This brings an extra level of efficiency in business which is a remarkable trait for blockchain. LTO has 3 types of tokens between which you can swap: Mainnet token, Ethereum ERC-20 and BEP2 on Binance Chain. Total supply will never change because of this. The mainnet token is for staking and running a node where ERC-20 and BEP2 tokens are for liquidity and trading.

The hybrid blockchain can enable institutions to determine custom logic and use anchoring for security against data manipulation. The two layer blockchain and decentralized workflows are excellent for b2b interactions.

The crowdsale price for each LTO was $0.030 from the 520 million LTO representing 42 percent of all the coins in circulation set aside for the public. Interestingly, the development team decided to destroy the unsold crowd sale tokens.

The LTO token economy is a result of clients, integrators and community token holders staking in the network. The POS Masternodes are an investment in their own right. Accordingly more adoption will increase network value and token price in the long term.

In December 2017, the LTO network conducted a seed crowdfunding raising $1.4 million from supportive European community members. Next it had a private sale in December 2018 raising $1.7 million more. Finally, the project had a crowdsale in January 2019 raising $4.08 million.

The crowdsale price for each LTO was $0.030 from the 520 million LTO representing 42 percent of all the coins in circulation set aside for the public.Interestingly, the development team decided to destroy the unsold crowdsale tokens.

At the moment, the network has a market capitalization of $18,996,209 USD on a circulating supply of 183,238,972 LTO. The total supply of tokens is 453,540,561 LTO with each LTO changing hands at $0.10. This represents an appreciation of X3.58 on USD, X1.6with ETH and X1.13 for BTC. 

Short Term Price Catalysts

LTO network plays a very essential role in the blockchain space. Accordingly, this role in bringing new businesses and entities on board has a mutually beneficial dimension. This means that the platform has to have a streamlined process in getting its operations to be used by major entities. This is why the announcement of Certicorg as a first audit partner is a big win. Businesses obviously look for stability in business environment and this partnership adds legitimacy in the road to larger scale adoption.

Moreover, Xangle will add its infrastructure to improve transparency to the network. Even though the network is trustless and automatic, the various entities engaging need assurances as to the other’s credibility. These two pick-ups are massive and can give prices a shot in the arm especially short term.

LTO is certainly a significant market player already. With the existing partners, this network has great contacts and visibility in the market. The compliance with European data privacy laws is particularly enchanting for many players in the market. This activity is great for price jumps especially with crypto markets seemingly on a roll now.

Finally, a potential listing on Binance can be a great addition for the platform. Binance is the world’s largest exchange and a listing can provide a market presence and access to investors that can’t be overstated. As such, this is something that could have an impact immediately.

Long Term Catalysts

In the grand scheme of things, this network can greatly disrupt the way business works. This is because such a connecting avenue is unique and its hybrid system has immense potential. The strong and experienced team is essential to success and long term growth. This is because such a project needs the right people to steer it going forward and ensure it reaches desired objectives. The development team is an excellent alliance of technocrats and business experts who have the smarts to ensure solid growth.

Moreover, the project has and will continue to pick up solid industry partners for its project goals. Partnerships with huge companies like Velcro, Heineken and Deloitte positions this project well in the blockchain and business worlds.

Finally, the project will likely have success because it has a focus and clear vision. Many blockchain projects fail to come to fruition because of duplicity in market function and operating model. LTO has a unique role and its hybrid approach allows it to conduct B2B collaboration. Eventually, this unique role is what will set it apart and ensure long term price growth.

Please support us by checking out our great sponsor

Ever tried decentralized exchange with high liquidity? #DeFi

Please support us by checking out our great sponsor

Ever tried decentralized exchange with high liquidity? #DeFi

Blockchain technology is certainly synonymous with efficiency. This has obviously become a central theme in the industry in the era of widespread tech disruption.

However, as usage increased, even seemingly scalable and versatile platforms like Ethereum struggled with load management. It goes without saying that developers of decentralized applications are churning out products in record numbers.

Accordingly, scalability, and in significant amounts is an ever pressing need for blockchain apps. Tomochain is an invention out of this necessity for providing efficiency to the token economy. 

About Tomochain

Tomochain is a unique blockchain platform that intends to provide scalability solutions to current blockchain networks, especially the Ethereum blockchain. Accordingly, the network will support horizontal network through adding second layer blockchains. These have good performance integrated with Ethereum essentially facilitating backup and atomic cross-chain transfer.

As such, Tomochain is but a network of chains that supports instantaneous confirmations, lower transaction fees and smart contracts. This makes the project a valuable addition to the dApp landscape and can support token integration for small businesses. In general, it provides an infrastructure and governance framework for blockchain application interactions.

The platform relies on 150 Masternodes with Proof of Stake Voting (PoSV) consensus. These decentralized nodes can support near-zero fees and 2-second transaction confirmation times. Accordingly, the platform is able to guarantee security, stability and chain finality for the token economy.

The platform has a native token called the Tomochain coin or simply Tomocoin (TOMO). Basically, TOMO provides liquidity for the platform and is the medium for service within the Tomochain ecosystem. Notably, the project has set up base in Singapore. That said, it has a strong Vietnamese influence since a decent part of its management team hails from there.

Team

The project founder and CEO is Long Vuong from Vietnam. He is a versatile and experienced technologist, entrepreneur and product manager. He was previously CEO at CityMe and is the Co-founder of the NEM blockchain project.

Son Nguyen is the CTO and Co-founder.  He is an engineer with many years of experience in the IT field, infrastructure IT, IoT, Fintech and Web. 

Other Key figures are Le Ho, also CTO and co-founder, Kyn Chaturvedi, Tung Hoang, Nguyen Bui, and Tu Nguyen.

Notable advisors are: Roger Lim, a general partner at NEO Capital Global, and Thuc Vu who is the CEO and co-founder of Kambria and OhmniLabs.

Roadmap

Tomochain is busy developing new products for the token economy. In the past month, the platform launched two products. These are the TomoX-SDK- UI – v.0.4.0 which came out on the June 3 and the TomoX-SDK – v.0.6.0 which was released in June 30, 2019. These products serve important functions like Integrate Real-time Markets API and implementing stop market limit order respectively that are useful in the token economy.

Going forward, the team intends to launch TomoIssuer – v1.0.0 for issuing TRC-21 token later this month.  Finally, the TomoX-SDK – v1.0.0, for the TomoX ecosystem which is simply a decentralized exchange application based on the TomoX protocol, is due for September 2019 release.

Important Partnerships

Noteworthy partners include Veloxchain, which is a reputable open source protocol, seeking to democratize the global mobility market. This network can facilitate more research into the Proof of Stake Voting (PoSV) consensus mechanism.

Besides, there is the Portal Network, which will work to improve usability and user experience, Vietnam National University, Faculty of IT, Engineering and technology, CMC Institute of Science and Technology and Savvycom, a Global app developer and software provider.

Others include Midas Protocol, the GBIC (Global Blockchain Innovative Capital) which is a multi-strategy crypto fund with offices in New York, Shanghai and Seoul, Lition, Contentos and Morpheus Labs.

TOMO Tokenomics

 Tomochain conducted its ICO in March 2018. During the successful ICO, each TOMO, an ERC-20 compliant and utility token was sold at $0.25 during the public sale. The team set a hard cap goal of $8.5 million which was realized.  The accepted currency during the ICO was Ether (ETH) and 40 million out of the 100 million in total was set aside for investors.

At the moment, the Market capitalization is roughly $43 million from a circulation of 61,906,225 TOMO. The total supply available of TOMO tokens is 100 million. This token has definitely appreciated since launch changing hands at $0.69 as per data drawn from most coin trackers.

This represents a return of Investment (ROI) of: X2.83 against the USD, 7.66X versus ETH and 2.34X relative to BTC. At the time, the markets were in a bit of a freefall at the start of the bear market that lasted the rest of 2018. Ethereum had perhaps taken the biggest hit hence the seemingly disproportionate return.

Token Distribution

Token distribution went as follows:

  • 40 percent went to token sale.
  • Another 40 percent went toward the reward engine.
  • The remaining 20 percent went to the team, advisors and bounties.

Fund Distribution

Fund distribution was as follows:

  • 50 percent went to product engineering
  • 30 percent to marketing
  • 10 percent to cover arising legal issues and for general administration
  • 10 percent was put in reserves

Short-Term Price Catalysts

In the short-term, Tomochain has a few factors that will likely impact its price positively. Simply put, can effectively disrupt the smart contract space moving forward. This is because is management team has the vision to steer the platform to exactly where it belongs: atop the scalability solutions chart.

 Therefore, first, the platform has a big community on account of its useful token.  Accordingly, the team has a bold goal of swapping two million TOMO in coming months. If they manage to accomplish this, it will have a seismic impact on prices.

Moreover, the listing on the Binance decentralized exchange is great for prices. This is because the listing on the world’s largest crypto exchange gives TOMO visibility and market presence for investors to capitalize.

In addition to that, staking Tomochain is live. Masternodes are an investment opportunity themselves and add revenue to the POSV platform. Finally, the scheduled product releases bode well for prices. This is because the products like TomoX/Dex and Tomoissuer for issuance of TRC-21 tokens offer more investment opportunities for the Tomochain and blockchain community at large.

Long-term price catalysts

Overly, Tomochain intends to replicate the success of Ethereum but in a grander, more sustainable way. Accordingly, Tomochain intends to have its own TRC20 ecosystem much like the ERC20 ecosystem. Ethereum has dominated the smart contract platform field but has struggled with scalability problems in the recent past. Cross chain scaling, particular in essential in this endeavor.

Therefore, Tomochain can effectively carve a niche in this market and be a springboard for many new blockchain platforms in the token economy. The issue of scalability is and will continue to be a problem in the blockchain space. Were Tomochain able to successfully provide solutions long-term, it will definitely be able to separate itself from competitors like NEO ICX and ETH. Such unique placement is exceptionally great for prices in the long-term.

Additionally, Tomochain already has global ambitions in the blockchain scalability field. This is because the platform has an ambassador, a partner and a global partner program.  Positioning itself at the crossroads of future innovation in the blockchain space is precisely what Tomochain should be doing.

 Already, its mainnet is live and plans to be build this efficient token economy in the crypto verse. The optics is therefore great since Tomochain needs these developers to utilize its scaling solutions. As such, the symbiotic need by developers for such solutions and Tomochain needing to increase its community and dynamism can bode well for prices moving forward.

Please support us by checking out our great sponsor

Ever tried decentralized exchange with high liquidity? #DeFi

Please support us by checking out our great sponsor

Ever tried decentralized exchange with high liquidity? #DeFi

Introduction

This new money greatly rewards early holders with adoption like Bitcoin did, but has monetary qualities Bitcoin Maximalists can only dream of.

Risk is supposedly an indispensable part of making profitable investments. Does this equate placing all your eggs in one basket? Certainly not. You are certain to assume some risks in making investments and diversification of this risk is the least you could do for business efficiency. In the era of digital money, this risk couldn’t be more profound. Bitcoin and other digital assets can be both extremely profitable yet spectacularly volatile. This makes Bitcoin usable as a store of value like a digital gold, but less as a money like US Dollars to pay coffee with. This is because the price of such digital assets is all-important in determining gains and losses. How about a smart commodity money protocol that grows in value once adopted by more users but still will be more stable to use as a every day money for value transfers from one to another? Enter the Ampleforth Protocol.

How does Ampleforth work?

Ampleforth is a smart commodity money platform that can serve a truly unique role in the blockchain space. This is because the protocol provides an elastic supply for users relative to market changes. As such, the supply of AMPL tokens expands or contracts relative to its market price deviating from the $1 price target.

The change in AMPL price results in automatic supply changes after every 24hrs. This is done by a smart contract that changes the number of tokens for every wallet automatically. This change can be viewed on Etherscan by seeing your total holding amount number change every 24 hours. This way the change of your holding amount is not visible in your transaction history.

please be aware that the rebase change only works correctly when you hold AMPL in an Ethereum wallet or with exchanges that integrated the rebase correctly like Ethfenix and Bitfinex.

This increases or decreases the number of tokens in respective user wallets pro-rata. This kind of elastic supply is a first for cryptocurrencies and it makes AMPL have counter-cyclical trading pressure. Accordingly, it is uncorrelated with other digital assets like Bitcoin. This means that AMPL is possibly the only cryptocurrency next to bitcoin that can be a means to diversify risk for family offices, hedge funds, large investment institutions, governments and banks.

To illustrate using a real-life example:
           

  • Suppose a trader, say Jane, buys 1 AMPL for $1 dollar
  • There is a sudden change in demand and 1 AMPL is priced by the market at $2 dollars and stays there, Jane suddenly has 1 AMPL worth $2 dollars.
  • To achieve price-supply equilibrium the Supply will increase with 100% (similar to the price rise percentage) over a period of 30 days. after this period Jane AMPL holding has increased with 100% to 2 AMPL tokens worth $2 dollars.
  • The assumption is that traders will not only trade on price but also trade on the supply increase which is a results of the price rise because of higher demand in the market.

In the event of a price reduction, the opposite happens and supply contracts to match price. This balance encourages stable unit price because whether regardless of your token amounts, the net balance remains the same. This means that price cannot be used exclusively as a proxy for gains and losses. Bitcoin is a remarkable invention as it introduces decentralization to the world. However, its fixed supply makes the stability that you see in mainstream currencies like the US dollar impossible.  Accordingly, this system encourages stability. It has a different architecture from other stable coins like Tether (USDT) but it is expected to achieve a similar results once AMPL grows in marketcap. Notably, the network itself does not make money but passes all the risks and rewards to participants.

How to trade Ampleforth (AMPL)

Important to know: You don’t trade only on market price, but also on supply. For most traders it’s best to focus their trading on the marketcap price (price x supply) to know how AMPL is currently valued by the market. Professional traders and marketmakers need to find new ways to profit since AMPL is so completely different from other digital currencies like Ethereum and Bitcoin. Exciting times!

If you hold 1% of the total supply of AMPL, you will always hold 1% of the total supply after every rebase. If the marketcap of AMPL grows because of price and supply rise you will capture this value increase as well since you always hold 1% of the supply.

It goes without saying that this coin is unique in that price is not all-important in ascertaining its value. This is because supply and price balance to achieve equilibrium. Traders have to take both aspects into consideration when making purchases.

At any one time, the supply of AMPL could be an expansion, contraction or at equilibrium.  Once you understand these cycles, trading becomes easier. Accordingly, it is possible to trade during these cycles.

  • Expansion- During expansion, fast traders can have the opportunity to sell when supply increases but before the price correction occurs. This is only a narrow window before the next equilibrium point.
  • Contraction- The opposite happens during contraction as you can buy AMPL before equilibrium point sets in.

In general, effective traders can attempt to predict the next equilibrium market cap and have optimal buy and sell targets from these predictions. They can then make trades as the market adjusts to its actual equilibrium point. This makes trading AMPL a unique process where you can’t simply look up the price and liquidate your holdings.

If you are a buy and hold investor we think in the beginning of this project it’s better to solely look at the marketcap instead of the trading price since it will probably take some time for people to create shorter time frame trading systems for this unique asset.

At this moment Coinmarketcap hasn’t integrated the circulating supply rebase as of yet. The more flexible and smaller Coingecko website did a better job and changes the circulating supply a few hours after each rebase. Currently Coingecko is the best place to check AMPL’s marketcap

Use Cases

Near Term Use

In the short term, you can use AMPL to diversify your cryptocurrency portfolio. This is because of the elastic nature of Ampleforth which makes it an interesting cryptocurrency that is supposed to be less correlated to bitcoin like other crypto currencies today. Although we believe crypto currencies are here to explode it may well be so that AMPL may be one of the major currencies that benefits from this new age of digital money.

Medium-Term Use

The nature of AMPL as a “non-collateralized stablecoin,” makes it have possible use as reserve collateral for decentralized banks. Examples of such decentralized banks are MAKER DAO and the soon to be launched Libra coin by Facebook:


Libra coin by Facebook is the talk of the day

Accordingly, a coin like Libra will obviously gain widespread use owing to the sheer user base and marketing power of Facebook. That said, the Libra coin might possibly have inflationary changes in price over time because of the assets that are backing the price of libra like the US dollar and other inflationary assets used in the world banking system today. AMPL price target function will not be completely pegged to the dollar. Because of an innovative oracle structure it will keep the purchasing power of the US Dollar in mind and adjust the price target of $1 accordingly to this. This protects against future expected decreased purchasing power of the dollar if the FED keeps printing dollars until the system collapses because of too much inflation. History has shown this happens over and over again and currencies like Libra, BTC and AMPL might be the answer for the next global money.

Decentralized banks such as the Libra coin bank in Switzerland can leverage the coin as reserve collateral because of AMPL’s unique monetary qualities set out by the top minds in economics and Crypto economics.

Long-Term Use

In the grand scheme of things, Ampleforth can play the role of an actual alternative to fiat. Furthermore, AMPL doesn’t suffer the deflationary risks of fixed supply cryptocurrencies like Bitcoin. This is because AMPL is inherently designed to be more difficult to flactuate in price the more liquid the coin will become because of greater adoption.

AMPL has the best of both worlds that will make it a good contender to replace world bank FIAT money. It awards/punishes holders like with Bitcoin when it changes in price, but it is also designed to become more stable in price and therefore usable like US dollars in the curren FIAT banking system.

Team and Advisors

To lead such an ambitious project to its goals, an experienced and experienced team is vital. Accordingly, Ampleforth has the requisite team of computer scientists, academics, investors, and enthusiasts to achieve this end. Leading, the pack is Evan Kuo, the founder CEO and engineer of the protocol.

Evan holds a BS major from UC Berkeley and has tremendous experience in developing predictive auction products and working with venture capital. He is the former CEO of Pythagoras Pizza. All these give Evan the technical and social expertise necessary to take Ampleforth to where it needs be.

Next up is Brandon Iles, who is an engineer responsible for product architecture. Brandon worked for more than 5 years in Google’s Search Ranking and Machine Intelligence groups and later worked in Uber’s Ranking and Relevance team. He is a systems, data and AI enthusiast. A computer scientist himself (BS and MS), he provides important insight and expertise.

Ahmed Naguib Aly, Aditya Sarawgi and Nithin Krishna are other engineers with the project. They have extensive experience and expertise in coding, computer software and systems. Jackie Yen, co-founder of Pythagoras Pizza is in charge of branding while Richy Qiao is in charge of business operations.

Notable advisors are:

  1. Joey Krug from Augur- Joey is a Computer Science expert as well as a member of the Augur prediction markets protocol. He is also a Co-Chief Investment Officer for Pantera. His insight in systems, asset finance and executive experience is vital.
  2. Niall Ferguson of the Hoover institute- Just look up his wikipedia page to see why this is a heavy weight advisor backing Ampleforth: https://en.wikipedia.org/wiki/Niall_Ferguson
  3. Sam Lessin, Works at Fin.com and partner of Slow Ventures , former VP of product for Facebook
  4. Paul Veradittakit from Pantera capital- Pantera Capital is one of the most notable investors in the crypto space.
  5. Noah Jessop, Honey Miner, MIT and former Seed Stage VC at Founder Collective

Important Investors

Investors essentially provide the fuel that any blockchain project needs to operate smoothly. Notably, the protocol raised more than $4.75 million from investors such as Pantera Capital and Brain Armstrong who is the CEO and founder of Coinbase and created one of the most valuable companies in crypto. Brian Armstrong is a college friend of one of the Ampleforth founders and is very closely involved with the project as on of the earliest seed investor.

Other important investors in this project include:

  1. True Ventures
  2. Founder Collective
  3. Slow Ventures
  4. FBG Capital
  5. Huobi Capital ( This indicates that Huobi exchange listing is never far away)
  6. Spartan Group
  7. Nima Capital
  8. Skunk Capital

Tokenomics

Notably, Ampleforth management opted to raise money through an Initial Exchange Offering (IEO) on the Bitfinex platform, Tokinex. Even so, the AMPL token is based on Ethereum and is an ERC-20 token.  Following the successful IEO, the coin is presently trading at $1.35 with a total supply of 50 million AMPL. The coin hit a price high of $ 2.18 on the June 30.

However, price is not as important for this coin because there is a corresponding elastic shift in supply. The circulation supply is approximately 5.24 million of the total 50 million AMPLs in existence.

To calculate the ROI of investing you solely look at the marketcap price increase and not at price. AMPL started with a 5.100.000 USD marketcap after the IEO a week ago and is not

The token price during the IEO was $0.98 raising a total of $4.9 million with BTC as the accepted currency in a record 11 seconds. The maximum and minimum accepted amounts were $5,000 and $20 respectively. To calculate the ROI for IEO investors you have to look at the marketcap increase in the last week. Coinmarketcap hasn’t updated the circulating supply and for now only Coingecko is doing a reasonable job in having the right circulating supply after (often takes some hours to be adjusted) each rebase.

Token Distribution

Token distribution is as follows:

  • 10 percent of tokens available for crowd sale during the IEO.
  • 20 percent goes to the  ecosystem (growth/community)
  • 23 percent is for the treasury.
  • 17 percent to the team.
  • 6 percent to future employee/advisor pool.
  • 4 percent to advisors.
  • 19 percent seed.
  • 3 percent Private (Series A).


Short Term Catalysts

  • When price of AMPL stays above $1 the value of your holding will grow a few percents every 24 hours. This is so unique and may attract a lot of investors that like compounding gains on their holdings in the short term. for example if price stays above 1,30 your holding amount of AMPL will automatically grow more that 1% every day. of course if demand stays away and price goes under $1 your holdings will decrease. We expect that with this low marketcap and big funds invested it will be pretty easy to hold the price above $1 and this might be some interesting gains for early holders in the coming months.
  • Ampleforth will have a number of factors in the near future that will positively impact prices. It is important to appreciate the fact that Ampleforth is a rare project in that it is a big project with a market cap still below $10 million. The team has a patient approach towards effective market presence and in enacting measures to give Ampleforth a firm foothold with the stability necessary for the project to be sustainable.
  • At the moment, the team is putting effort to standardize the rebase mechanism on Bitfinex and is already working with other exchanges for integration. This will allow AMPL to be highly available and liquid on multiple exchanges across the board. Furthermore, the uniqueness of this project will quickly set it apart from other coins in the market. In the competitive world of crypto advertising, institutional and individual investors are obviously looking for something different and promising. Accordingly, this project is gaining positive traction with top Twitter accounts and crypto chat forums but the great mass of investors still have to figure this out since it’s only on exchanges for 1 week now.
  • The involvement of Huobi Capital, Tier 1 crypto funds and powerful individuals like Coinbase CEO Brian Armstrong may result that AMPL will get lucrative listings in coming weeks or months. This will give the coin extra visibility with investors and help boost its market cap.

Long Term Catalysts

  • In the long term, the uniqueness and utility value of AMPL can propel it to widespread use. In particular, the long term stability of the coin price (not the marketcap) is a key attraction for decentralized banks seeking to have reserve collateral for their crypto holdings. Facebooks Libra coin and Multi-Collateral Dai, in particular, can benefit immensely from this opportunity. This is because AMPL is not subject to the inflationary shocks that Libra will encounter along the way and is more price stable like other crypto assets used in DAI as collateral. Such use makes Ampleforth a great candidate for global store of value as Libra will certainly be a worldwide phenomenon on account of its association with Facebook.
  • Because Amples are less correlated with BTC than other altcoins and is a completely different crypto currency on its own we expect that next to bitcoin, Ampleforth is the only logical alt-coin to use for professional portfolio construction by hedge funds, family offices and other institutional wealth managers.
  • This is an amazing new cryptocurrency that has the best of fiat and bitcoin in one coin where early holders can benefit of adoption like with bitcoin in the early days but with more stabillity for the use of actually paying each other with a more stable money.

Ultimately, the nature of Ampleforth means that it can be used like national currencies but also keeps the value increase for holders similar to Bitcoin. This stability and macro-economic friendliness are ultimately so mind blowing that we have good reasons to believe it will spur adoption and growth in market cap for the long term.

Please support us by checking out our great sponsor

Ever tried decentralized exchange with high liquidity? #DeFi

Please support us by checking out our great sponsor

Ever tried decentralized exchange with high liquidity? #DeFi

Introduction

True, blockchain promises to be the foundation of a decentralized economy. Leveraging on existing infrastructure, that is web 2.0, blockchain is the next web 3.0, which analysts reckon will change the world. Indeed, in a world where there is increasing awareness and the demand for privacy, transparency and elimination of borders ever rising, blockchain could, in theory, be the panacea for all these shortcomings.

However, there is a problem. To tick all these boxes and meet the needs of users, Blockchain must solve scalability. Of course, from the blockchain trilemma, it’s all about choices and the Internet of Services (IOS/IOST) platform chose to address scalability. Scalability is a bugging and hugely limiting concern. Think about it, Ethereum works with a throughput of 15 TPS, Bitcoin at 7 TPS and Visa, a centralized platform clears transactions at 24,000 TPS.

About IOST

As aforementioned, it’s all about choices and to that end, IOST chose the Proof-of-Believability as their preferred consensus algorithm. In theory, this architecture will present a throughput of 100,000 TPS. At these rates, the network is truly scalable as it can handle demanding operations requiring tremendous on-chain capacities.

IOST, if anything, presents a truly scalable blockchain that is a perfect response to a hurdle that most public chains are doing their best to come up with fitting solutions to. As a result, and to make this possible, IOST is implementing an array of technologies including a different consensus algorithm in Proof-of-Believability, introducing Micro State blocks technology and distributed sharding technology.

Because of Micro State Blocks technology, the IOST platform is leaner, faster and importantly efficient when it comes to demand for storage, processing power and other basic configurations.

Additionally, IOST settled for the Byzantine Shard Atomic Commit (Atomix) protocol for security purposes arresting attempts of double spends while blending this with a truly open source and transparent network that is effectively the true “truth” platform where all and sundry can participate in validating transactions.

Team

Helping harness the true power of the blockchain is Jimmy Zhong, the co-founder and CEO. He is insanely passionate about startups and creating new things. Before IOST, he was the founder and CTO at Studypool (500 startups batch 11), an online academic platform that assists students to get help with their academic questions.

Besides, he is the CEO and Founder of Dora. Dora is a technology-driven company(Series B) that focuses on developing intelligent kiosks/hardware and blockchain technologies.

Meanwhile, Terrence Wang is the CTO and co-founder bringing with him skills from Uber where he was their software engineer. Justin Li is also another co-founder and CIO. Justin is experienced in investment banking with stints at Goldman Sachs, Morgan Stanley and Deloitte. Other co-founders include Ray Xiao, the COO, Sa Wang, the CMO, and Kevin Tan, the CDO.

Advisors include Yusen Dai who is a partner with ZhenFund and the co-founder of Jumei. Then there is Ryan Bubinski the co-founder of Codecacademy, Robert Neivert who is the COO at Private Me and Jia Tian the investor at BitFinex and a limited partner at BitFund. Others include Bman Lee as well as Michael Karnjanaprakorn.

Roadmap

The idea of IOST was conceived in Q2 2017 but it wasn’t until Q4 2017 that development began. In Q1 2018, the first MVP Test Net in Apollo Version 1 was launched. A few months later in Q2 2018, Janus version 1 where there was implementation and testing of EDS and PoB on Test Net was completed.

By the end of the year, the IOST smart contract draft document had been released and deployment and testing of HUDS and supporting modules completed on Test Net. There was progress in 2019 as the deployment of IOS Virtual Machine on Test Net and auditing the network.

However, the real deal is the release of the next work in Q3 2019 and the launching of dApps with the optimization of machine learning on the network by the close of the year.

Partnerships

Not surprising the IOST ecosystem is diverse, involving heavy weights. With an ecosystem made up of wallet integrating partners as Monarch, Huobi Wallets, COBO, Trust Wallet, Magnum Wallet and others, crypto exchanges for investment or trading purposes as Huobi, Binance, Bittrex, Bithumb, OkEx, Bitfinex and UpBit, an activel dApp gaming protocol, application of the Beam protocol and many others, IOST is rich.

Perhaps making this possible is a IOST Partner voting portal allowing public participation in their governance. With a voice, IOST token holders can elect their preferred Node Partners. Their objective is to on-board more than 500 Node Partners in 2019.

Partners aside, a visible development is the Bluehill incubator and accelerator program under their management. With a $50 million kitty, IOST is seeking to somehow emulate what Ethereum did with ConsenSys. Bluehill backs IOST partnerships and all the projects built in the IOST ecosystem. Then there is Theseus,  Research and Development team developed under IOST funded by among others ZhenFund and K2VC.


Tokenomics

The IOST is a utility token based off Ethereum complying with the ERC-20 standard. In total there are 21 billion IOST tokens in circulation and the team set aside 40 percent of all these for public investment. During the crowd sale, the hard cap was set at 35,000 ETH or $31.26 million in USD terms.

The ICO was a success and the team reached the hard cap, raising 100 percent of the amount at $0.01 per IOST. The ICO was split into three phases. In stage one, for every ETH invested, one would receive 200k IOST tokens, in Phase 2, every ETH brought in 150k tokens and in the final section, every ETH brought in 100k IOST tokens for the investor.

35 percent of all IOST are held by the IOS Foundation and will be used for development and ecosystem building. Meanwhile, 12.5 percent will go towards incentivizing the community and 10 percent to the team. The remaining 2.5 percent is set aside for advisors and early investors.

At the time of writing, IOST had a market cap of $158 million from the 12 billion IOST tokens in circulation. By trading at $0.013, IOST daily trading volumes exceed $36 million. Relative to the USD, ROI is 1.36, 3.8 against ETH and 1.67 versus BTC.

Short Term Catalysts

That there has been a high social media activity around IOST is an understatement. IOST has been breaking the inter webs. For a simple reason that in the short term will influence the pricing of the ecosystem in the short to medium term.

The network completed a two-round mainnet token burn even where $55 million worth of IOST were destroyed. Presently, token swap is in progress as leading exchanges as Binance, Huobi, UpBit and other exchange partners supporting the migration.

But that’s not all. There are over 200 node partners and IOST is doing everything they can to make storage, staking or hodling of IOST tokens a safe affair by joining hands with several wallet providers.

By Q1 2019, the platform became the fourth most playable public chain thanks to the scalability enabled by PoS and Byzantine Fault Tolerance mechanism in place that makes the network scalable.

Active dapps on IOST:

Because of their mission, it is estimated that a game is launched every week in the IOST network making it truly playable helping Jimmy Zhong carve out a niche. Rather than quantity, Zhong is opting for quality.

Therefore, IOST is working with a select number of game developers instead of funding loads of inexperienced teams to boost their dApp ecosystem:

“Real games will come to the blockchain, but we know using a blockchain won’t make a boring game interesting. Tokenized items aren’t interesting on their own. The number of dapps running on IOST doesn’t bother me at all. 100, 300, 500? I’d prefer to have 15–20 of high quality.”

Following the launch of cross chain stable coin, iUSD, that is interoperable and pegged to PAX, GUSD, DAI, TrueUSD and CircleUSD, IOST has launched the IOSTCash, a “free-to-use dApp built on the IOST platform that pays out IOST for completing quick surveys/polls.”

Overly, there are some interesting developments in the pipeline by close of the year and all will one way or another positively influence the price of IOST tokens.


Long Term Catalysts

Leveraging on their scalability guaranteeing Proof-of-Believability, the IOST ecosystem is growing as they strike partnership with heavy weights. In the long run though, some high level partnerships will boost IOST prices. Through their collaboration with Origo, there is better privacy and security for dApps while BitUniverse introduces a new way of trading and managing assets including IOST.

Then again, with Xangle, which provide institutional grade crypto reports for top-tier financial institutions, the path of least resistance for the token will be northwards.

Complementing this is the recent announcement that IOST is indeed a Blockchain-as-a-service (BaaS) at Amazon Web Service. It is further enhanced by their partnership deal with the Enterprise Singapore and Hashed Venture Labs where the express purpose is to grow and develop the dApp and blockchain arena in Singapore. 

Add that to their collaboration with Ok Pool where there are 50 million IOST staked in their voting program. Excitement is visible because staking IOST is a lucrative event since average staking yield is 12.34 percent with average stake ratio of 32.48 percent. On the gaming front, their leaning towards quality means they shall launch a dApp pipeline. Gomoku, the first game of its kind launched by AI Tech, will launch in July.

Please support us by checking out our great sponsor

Ever tried decentralized exchange with high liquidity? #DeFi