Enjoy #DeFi with the Best Prices across Exchanges

Peer to Peer, No KYC, Audited and Insured Smart Contracts

Introduction

Blockchains leverage on their decentralized and distributed network for full functionality. The first application of this Distributed Ledger Technology (DLT) was Bitcoin. As basic as it is, it has nonetheless demonstrated that working from a publicly verifiable ledger is possible and secure.

It further demonstrated that funds, or electronic money controlled by math, can be minted and fused to the web essentially building a bankless network riding on a web3 framework.

The success of Bitcoin inspired other developers and as Satoshi melted into the interwebs, the concept of smart contracting and Ethereum proved to be a game changer.

Ethereum was the first, improving on the Bitcoin protocol by enabling smart contracts which could function without third parties as long as certain on-chain conditions are met meant the activation of functions thought to be previously impossible.

However, while smart contracts promised so much, the siloed nature of blockchains limited the full potential of this novel tech and dapps that relied on these codes.

This necessitated the launch of trusted oracles platforms. Oracles are channels through which vetted off-chain, real-world data can be used as inputs or conditions for activation of on-chain smart contracts.

Oracles are basically data from verified sources that can be fed to activate smart contracts. In DeFi dapps, these data can be asset prices. In other applications, it can range from speed of say cars for IoT dapps, to temperature fluctuations in weather dapps.

What is the Band Protocol?

The Band Protocol is a decentralized oracle framework for blockchain dapps.

Smart contracts controlling these dapps are fed by off-chain, real-time data curated from a trusted web of data providers backed by strong economic incentives ensuring accurate data.

This eliminates the limitations of dapps since smart contracts are connected to real-world information.

Dapps can connect to any open API, get fed with verified data without connecting via a centralized entity thereby guaranteeing data security, availability, and reliability regardless of the demand of data.

To ensure data availability, on-demand data are updated frequently and kept on the blockchain without compromise. By enforcing strict query requirements, the Band protocol has a high tolerance for collision.

Moreover, data providers are properly incentivized and distributed meaning there is no point of failure since no entity has no authority to by-pass governance and take control.

The Band Protocol is underpinned by the following culture:

  • Community driven in that they allow people to build what they want to. In this spirit, their data providers are perfectly distributed and dapps continue to partner with the protocol.
  • They prioritize decentralization and the team have made it clear that they won’t allow any entity to take control of any iota of data.
  • Their source code is open source stating that great software should be transparent and available for everyone.

Team

Behind the Band Protocol is a team dedicated to build a framework for a decentralized data governance that leverages on decentralization to structure and bridge the blockchain with the real world.

Made up of members with experience at DropBox, TripAdvisor, and others, they have their eyes fixed on the price.

  • Soravis Srinawakoon is the CEO and co-founder. He has been featured in Forbes 30 under 30. He was previously a management consultant with strong technical background in computer science who now lives and breathes crypto.
  • Sorawit Suriyakarn is the CTO and co-founder. He has an M.Eng. /S.B. in EECS from the Massachusetts Institute of Technology with previous gigs at Hudson River Trading, Quora, and Dropbox. He can write all sorts of programs ranging from formal verification (Coq), “smart contracts”, HFT low-level high performance, backend shenanigans, and sometimes frontend.
  • Paul Nattapatsiri is the CPO and a co-founder. He has created several crypto gaming apps with over 800,000 users. He has worked with Tripadvisor and Turfmappx.
  • Other members are Bun Uthaitirat who is the Chief Fun Officer and Developer, Atchanata Klunrit at the Operation and legal office, Kanisorn Thongprapaisaeng and Prin Rangsiruji who are developers.

Partnerships

The Band Protocol has partnered with Sequoia Capital India who led a seed funding drive raising $3 million with participation from Danamu and Partners, and SEAX.

They recently partnered with Atomic Wallet, a non-custodial wallet where users need not to register and sensitive information is controlled by the user.

Commenting, Konstantin Gladych, the CEO and Founder of Atomic Wallet, said:

“The major wave of blockchain for the past couple years has been decentralized financial applications, the next wave will be the security of the underlying protocols and oracles will be a major factor. With Band Protocol being the major oracle solution to enable real-time data requests, Atomic Wallet is confident in their success and are excited to support their mission to connect smart contracts with the real-world.”

Hash Quark one of the largest staking service providers in Asia has also partnered with the Band Protocol.

Others include CastleNode, WeStaking, Forbole, B-Harvest, KardiaChain, and ChorusOne.

Band Tokenomics and Token Distribution

The creators of the Band Protocol opted for an Initial Exchange Offering (IEO) at the Binance Launchpad from September 16 to 17 to supplement their private and seed sale allocations.

Five percent of the total supply was availed to private investors during the private sale where each token was sold at $0.40 while each token was sold for $0.30 at the seed sale where 10 percent of the total supply had been assigned for investment.

Their overall objective was to raise $10.85 million through a crowd funding where 27.37 percent of the total supply of 100 million Band tokens were available for public investment.

During the IEO, each token was sold for $0.473 and the only coin accepted was BNB. The crowd funding was successful as the hard cap of raising $5.85 million was reached within two days.

A pool of 631,800 BAND tokens (worth around 300k) was split and airdropped to all Launchpad participants who didn’t win tickets. In total there were 19,500 tickets and each ticket was allotted $300 or 634.25 Band tokens

In this IEO round, 17.08 percent of the total supply had been set apart for investors.

There was no vesting period and tokens were distributed within 15 days after purchase.

The Band Protocol and its foundation has been allocated 44 percent of the total supply. 25.63 percent to the Band Protocol ecosystem and five percent to Advisors.

By mid-2024, all Band tokens would have been released into their ecosystem as per their token release schedule.

Performance and Exchanges

At the time of press, each token is changing hands at $0.97, down 10 percent in the last trading week.

As such, early adopters who channeled their funds, buying the token during the IEO, Private or seed fund sale have more than doubled their earnings in less than a year.

The token is predominantly traded on Binance where it is paired against BTC, USDT, and BNB. The BAND/BTC pair is actively traded commanding a market share of roughly 42 percent.

Band is also offered at Bilaxy, Bitsonic, DCoin, Kyber Network, UniSwap, and FatBTC.

Short Term Price Catalysts

  • Oracles as an emerging sub-sector within the larger blockchain ecosystem is still nascent and the Band Protocol is well positioned to dominate and be counted as a reliable source of community-vetted data for dapps. DeFi which is heavily reliable on oracles has total value locked (in USD terms) of over $700 million.
  • The team is dedicated and continue to update their community and investors. Soravis Srinawakoon and team are also very experienced. Its CEO has been featured in the Forbes 30 under 30. Investors would benefit from his technical experience, expertise, and wealth building.
  • Listing at Binance, one of the largest cryptocurrency exchange by trading volumes, is a boost for BAND liquidity and therefor price in the medium term.
  • The Band Protocol’s security is guaranteed and this is a net positive for its token price following their partnerships with leading staking companies in Asia including WeStaking and Node A-Team.
  • The team is preparing for the launch of its mainnet. There has been successful penetration and stress tests.  If its transition is smooth, it will build the confidence for more projects—especially those serving in the emerging and lucrative sector, to partner with the Band Protocol. The more the partners, the more the demand and exposure of Band tokens.
  • Atomic Wallet, one of the largest and trusted non-custodial wallet providers with over 300k users and over $20 million of coins staked, announced support that will lead to full integration and staking. This is a show of confidence and is bullish for price in the medium term.

Long Term Price Catalysts

  • In the race for decentralization, scalability, and reliability, the Band Protocol ranks higher. Their plan is to shift to the Cosmos blockchain which advocates for speed, interoperability, and security.
  • Use and adoption is vital for the survival of any blockchain project. With the main competition being Chainlink, Band Protocol’s on-chain activities continue to grow. Use spurs demand and this is bullish in the long-run.
  • The Band Protocol took a different approach and by rolling out a cross-chain compatible oracle solution, the team provides solutions to real-world problems.
  • More and more exchanges support the Band token. Kyber Network and UniSwap are two DEXs where the token has been paired against other liquid assets like BTC, BNB, and USDT. Here, holders have full control of their private keys unlike in CEXs which are prone to attacks.
  • There is a strong economic incentive for data providers to remain honest. Their focus on community and decentralization gives them an advantage and flashes well with their overall objective of building a decentralized oracle infrastructure.
  • The project is supported by leading and prestigious investors like Sequoia. Moreover, they have partnered with influential projects. Castle Node, for example, is backed by StarchainFund which has also backed Coinbase and MakerDAO.
  • Compared to competing options, Band’s smart contracts are optimized for gas usage and are relatively cheaper. A simple query call only consumes less than 30,000 gas. Moreover, these queries are fast and instant as one logic can be processed within one transaction without block confirmation since data is readily available via a delegated Proof-of-Stake consensus algorithm ensuring more integrity.

Enjoy #DeFi with the Best Prices across Exchanges

Peer to Peer, No KYC, Audited and Insured Smart Contracts

The sharing economy. Talk of Uber, Airbnb, Lyft, and all sorts of emerging platforms enabling individuals across the globe to share and earn or save money.

For what it is, it has been dubbed as the gig economy. Others call it the collaborative economy. Yet others, the peer economy. Thing is. It doesn’t matter what you call it. What’s important is what it is.

Introduction

Statistics estimate that the burgeoning industry is worth over $100 billion and could expand to over $325 billion by 2025. That’s roughly a 2.5X rise at current valuation. The industry continues to shape processes and more people are attracted to its efficiency and cost savings.

Shared platforms are the wire frameworks where people can readily exchange tangible and intangible resources at scale consequently reducing transactional friction.

The emergence of such platforms on blockchain, for instance, minimized and sometimes completely looped out the costly middleman.

Users can generate value from idle resources. Concurrently, clients can save money while avoiding huge capex. From shared offices, to cars, and to houses, the trend is about to change as blockchain creates more opportunities.

What is ShareRing?

By utilizing the power of distribution, ShareRing has its focus on the multi-billion sharing economy and have specific plans to disrupt the heavily fragmented travel industry. For good reasons.

The travel industry is a jackpot but is currently full of friction.

In 2017 alone, the Travel and Tourism industry in the US contributed over $1.6 trillion to its economy, supporting over 7.8 million jobs. US tourists and travelers represented almost 32% of all Service exports.

ShareRing says it is taking the hassle out of travel by streamlining processes and fusing a highly fragment market. Every booking and verification are done from one app using one login.

This way, there will be no more juggling of passports, travel documents or even bank documents.

By using:

  • One login all travel credentials are available from one place.
  • One app all the travel needs will be in one place. At the end of the day, ShareRing hopes to be the “Amazon” of travel marketplaces.
  • One payment clients’ funds are secure and cheap, all payments are billed from one location
  • One ID gives more control and clients can choose where they want to store them. IDs are not stored in the ShareRing ecosystem.

They are launching a blockchain marketplace specifically designed for the over $100 billion gig economy. A user can anytime use this platform and launch the next Uber or Airbnb while enjoying efficiency, security, and one payment mode with no extra FX charges.

Their growth will stem from the implementation of a two-sided marketing plan that will be business and customer facing.

What is ShareRing and ShareToken

Ultimately, ShareRing will provide universal access to the sharing economy by leveraging technology and launching tokens, SharePay (SHRP) and ShareToken (SHR).

SharePay is the base currency, a stable coin, which is used for paying to use third-party assets offered by issuers. Meanwhile, the ShareToken is a utility token within the ShareLedger blockchain built on Tendermint Core framework.

The ShareLedger blockchain also uses the Leased Proof-of-Stake consensus algorithm (LPoS). LPoS is a more secure improvement of Proof-of-Stake. This way, the ShareLedger blockchain is more scalable and comprise light nodes and full nodes—the backbone of the ShareLedger. Lightweight node operators can stake their SHR.

However, the main difference and a unique feature with LPoS is that there are no contracts specifying lock-down periods. By delegating their SHR to a full node of their choice with no restriction, they can participate in consensus.

Transaction fees will be paid in SHR and the amount will decrease over time depending on demand.

50% of collected fees will be distributed to masternodes while the other half to the creators of the platform, ShareRing limited to cater for operational costs and other capital requirements.

Team

ShareRing Team
  1. Tim Bos is the CEO and the Founder and CTO at Keaz, Founder at ShareRing, speaker, mobility expert, sharing economy, blockchain and startup advisor. He has over 19 years’ experience working with start-ups and established enterprises with a focus on technology.
  2. Rohan LePage is the Chief Operating Officer and Co-Founder. He is an experienced Business Manager and Director with a demonstrated history of working in the automotive industry and Crypto space. Skilled in Marketing Management, Project Management, Negotiation, Business Planning, Sales, and Customer Relationship Management (CRM).
  3. Peter David is the Co-founder and Non-Executive Director. Peter has a lifetime of experience in every aspect of growing global technology business. As CEO, COO or general manager, he has led several startups to generate total revenue of more than $300 million. In 2013 he founded Keaz with Tim Bos and currently serves as the company’s CEO.
  4. Neville Christie is the co-founder and Investment Director. His core function has been to drive exceptional people, disruptive technologies, start-ups, and mature businesses to become more innovative and impactful at scale, without sacrificing the authenticity of ‘soul’, or total well-being, of the businesses or the individuals leading them.

The project’s core development team includes: Trung, Tung, Trang, Manh, and Tan.

Advisors

The team is advised by:

ShareRing Advisors
  1. Adrian McCullagh who has been a solicitor for 30 years having concentrated on IT law, and IT security law. He is presently advising on Blockchain technology and its legal impact and is currently working on 6 ICOs across multiple jurisdictions.
  2. Christopher Emms who is a serial entrepreneur with extensive experience working with Startups and Ventures.
  3. Jonathan Galea who has considerable experience in the blockchain sector ranges from a close study on the developing regulation in the area to hands-on experience in the technical and economic aspects of cryptocurrencies, one of the most widely-adopted uses of the blockchain so far. Jonathan’s LL.D.
  4. Anna Melton, a cryptocurrency evangelist and a highly experienced Marketing and Public Relations consultant with an extensive background in fast-paced and dynamic industries including Fintech and Gaming.

Others include: Richard Kastelein, Ting Y Chan, and Gary Palmer.

Partnerships

  • They have partnered with Dhipaya Insurance which is the largest non-life insurance company in Thailand. The Thai government owns majority of Dhipaya Insurance.
  • Also, the world’s first Blockchain based eVOA in place with major Thai company Gateway Services targeting 5 to 10 million travelers from 22 countries is already in place. These countries include China and Asia. With Mandatory Insurance this will generate around 40 million transactions per year from Thailand eVOA alone and around 10 million transactions from Insurance on the ShareLedger.
  • They have partnered with HomeAway. This way, 2.6 million international hotels and accommodations will be available straight from the platform.
  • ShareLedger have struck a deal with several multi-global car sharing firms.

Other major partners include:

  1. BYD (Largest Electric Car Maker in the World)
  2. DJI (Largest Drone Maker in the World)
  3. Keaz (300 locations around the world)
  4. Mobi
  5. Yogoo EV Car Sharing

There are also more partners to be announced with time.

Tokenomics and Token distribution

SHR token was issued as an ERC-20 token but swapping to BEP-2 tokens is possible. The team shifted to the Binance Chain because like ShareLedger, it is built on Tendermint core.

For clarification:

  • The BEP-2 SHR token is for trading
  • The SHR issued on the mainnet is for staking and consensus
  • SHRP, the currency, is a stable coin.

SHR can be converted to BEP-2 SHR token through atomic swapping

In total 3 billion SHR tokens were generated.

The hard cap was placed at $38 million

  • During the Pre-token sharing event, each token was sold for $0.01, a 50% discount. Then, the minimum contribution for pre-sale participants was $150,000. Purchased tokens were locked for three months.
  • In the main token sale event, each token was sold for $0.02, there was no discount.

NB:

  1. No SHRP was issued
  2. There was no minimum investment for the main sale, but KYC and Whitelisting applied
  3. US and Chinese investors were barred from participating.
ShareRing SHR Price

At the time of press, each token was trading at $0.00138758 with a 24-hour trading volume of $16,736.99.

ShareRing SHR Price Action

It’s all-time high was $0.01527456.

The token is traded on two exchanges: Binance DEX and BitMart

ShareRing Token Distribution

Token distribution is as follows:

  • 60% to investors
  • 24% to ShareRing
  • 5% to a Bounty Program
  • 10% to Advisors
  • 1% for Air Drops

Funds allocation is as follows:

  • 30% to mainnet development
  • 10% to auditors
  • 30% for setting up incubators and bonuses
  • 20% for marketing and promotions
  • 10% for contingency funds

Short-term Catalysts

  • The ShareRing Block Explorer is now live. The code for the explorer is open on GitHub.
2
  • There are more and more masternodes going online. According to Tim, the accrued income for the node holders is ready. This is a short-term boost and a perfect incentive.
  • The mainnet is live. Already, there are a couple of cars sharing systems running and some car rentals. The team is also pushing for a logging system for a transport company.
  • The ShareRing mobile application is live. Users can now create their OneID and ShareRing e-wallet. Also, users can book hotels and apply for an eVOA, plus insurance.
  • Over 20 partnerships will be unveiled with time.
  • Already listed at BitMart but support at Binance main exchange will be possible once there is sufficient liquidity.

Long-Term Catalysts

  1. A buyback, or a flow-back model exists and the team plans to use collected transaction fees to purchase SHR tokens and redistribute them back to stakers. Over time, this builds up more selling pressure while securing the network through staking.
  2. A modest share of the fast-growing share economy expected to grow to $325 billion in the next five years. ShareRing is fusing a highly fragmented market that is largely unexploited.
  3. Their masternode transaction fee model aid in promoting the platform. 50% of transaction fee collected is channeled to masternodes which is then shared depending on the number of tokens staked from lightweight nodes.
  4. ShareRing will allow users to pay for any service using fiat currency as well a variety of cryptocurrencies, including BTC, ETH, VET, NANO, MATIC, BNB and many more.
  5. Predicted revenue for 2020 is estimated at $15 million, growing exponentially as more POC get converted
  6. There is a buy-back program in place and that will stimulate demand for SHR in the long-term. Additionally, the no inflation model maintains a constant velocity for SHR tokens.
  7. ShareRing continues to build. At the moment, the team plans for an immutable review engine, a payment system with little or no FX charges, a booking engine, and an IoT engine for IoT tracking.

Catch Major Price Moves with MarketWizard App

Catch Major Price Moves with MarketWizard App

Introduction

Perhaps what is interesting about the modern world is its rate of tech evolution and innovation. From light bulbs, cars, washing machines, telephones, and roughly 30 years ago, the groundwork was laid for the Internet.

The world has never been the same again. It was dubbed web 2, the publishing age, since anyone, anywhere could create content and “push” it to the other side of the world. The world became a village.

Fast forward and the 2010s brought us the blockchain. Seven years later, the concept of dapps took root. Dapps were ordinary applications whose back end ran on a distributed, smart-contract ledger. Ethereum is still the favorite.

With Ethereum, there is just more than what meets the eye. Yes, there is smart contracting and its middleman, eliminating automation which also fostered innovation. This innovation seeped into the restive financial industry and now we have decentralized finance, or DeFi.

DeFi: It is just the beginning.

DeFi is open finance where owners of ETH—or native currency of a smart contract’s platform say Cosmos (ATOM), for instance, can borrow or lend their holdings for a stable coin. DeFi has revolutionized traditional finance. And Ethereum is the base for this welcomed innovation.

But DeFi is not specific, it is all-encompassing, and they involve exchanges and lending apps. At the time of writing this, there were over $900 million worth of ETH locked up in DeFi applications.

Ethereum (ETH) Locked in DeFi dapps

The most popular is MakerDAO, where borrowers received DAI, a stable coin with ETH as collateral. Lenders in the meantime can earn above rate interest rates.

But DeFi can’t function without oracles, or portals that convey useful, reliable—and always vetted real-world, off-chain information, that can trigger smart contracts which also run DeFi apps.

Thing is, Ethereum and similar platforms require trusted oracle for valuations, settlements, and dispute resolution. And DeFi and developers need to resolve the “oracle problem” before there are other advances.

This is vital because should secure oracles that provide stable data feeds are compromised then DeFi as we know will collapse.

Otherwise, the closed-looped, self-contained nature of ordinary smart contracts won’t allow the full utilization of certain DeFi apps that may require external data for activation.

What is Tellor?

Providing a solution to this is Tellor. It is an Ethereum-based decentralized and secure oracle for DeFi dapps. Tellor is an easy, implementable solution through which DeFi dapps can receive high value data for smart contracts.

Their data feeds are stable and reliable because they make use of staked miners who compete through Proof-of-Work to submit official value for requested DeFi data.

TRBs are mined with each successful data point but a portion of it, 10%, is taken by the company for ecosystem development. This developer share goes to the treasury of the founding team to finance the team’s effort.

Tellor says this is necessary to “maintain a decent token price for profitable mining and a secure network” consequently aligning incentives between miners and Tellor’s founding team.

Tellor: Decentralized Oracle and a Hybrid Consensus Algorithm

Tellor is a project that was built from a need. Its creators had earlier created a startup, Daxia, a derivatives protocol on Ethereum, which required an oracle.

How Tellor (TRB) Decentralized oracle for DeFi dapps work

Daxia would create tokens that represented long, or short sides of a trading pair. To function, an oracle was required for smart contracts to be executed.

For their needs to be met, the team built Tellor, a decentralized oracle that fully met their needs.

Aware that DeFi has the potential of being a multi-billion industry, Tellor has built a network of staked miners where through Proof-of-Work, they can reliably channel secure and stable pricing data for the burgeoning industry.

The Tellor Oracle is an on-chain data bank where miners compete to add data points in return for rewards called “Tributes” or TRB. For miners, they earn a base amount of 5 TRB for every submission and tips as incentivisation.

Interested parties then pay Tributes to submit a request for data to their decentralized Oracle. The oracle then settles on a best funded query and creates a Proof-of-Work challenge for the miner to solve. Each query collects pricing data and makes it on-chain.

As another cushion of security, miners are required to stake their Tributes. To take part, a miner must stake 1,000 TRB. This is to dis-incentivize those who may want to game the system.

The combination of Proof-of-work, a gold standard in consensus, and staking gives the decentralized oracle an edge over competitors. Besides, there is quality since queries are made every 10 minutes.

Tributes is key to Tellor, and their work is to:

  1. Provide security by incentivizing miners and required for dispute resolution—charged as fees. They are also needed for staking.
  2. For the building of a striving and robust Tellor ecosystem and community. This is only achieved by ensuring continuous distribution of the token.
  3. Ensure a sustainable system.

Team

Tellor TRB team

Brenda Boya is the CEO and co-founder. She is an Ethereum developer and a former economist in the US Government. Before that, she was the lead developer and VP of Daxia.

Nicholas Fett is the CTO. He’s actively designing and developing a system for off-chain data access and validation on Ethereum. Before that he was the founder and CEO of Daxia.

Michael Zemrose is the co-founder. He describes himself as an expert in developing, communicating, executing, and sustaining strategic initiatives. Before that he was the Chief Strategy Officer at Daxia.

Partnership

Binance Labs, ConsenSys, and MakerDAO are investors and major partners.

Last year, they also partnered with Radar Relay, a P2P trading platform.

Tokenomics and Distribution

TRB, as aforementioned, is an Ethereum-based utility token that powers the Tellor system. Notably, they didn’t carry out an ICO. Instead, they opted for a developer share. 10% of miner rewards is diverted to the founders’ treasury.

“A dev-share allows us to get the necessary financing we need to create a sustained and secure oracle network, but only if we really deliver a cutting-edge product that’s needed. If we don’t, then the token value will plummet and there won’t be any interest in Tellor, be it miners or actual projects using the oracle.”

“So instead of the project dying while already having raised millions in dollars, we would be left without anything in hand and a failed project. This commitment and proper incentive are what we are after.”

At the time of press, the token is trading at $6.61 with a 24-hour trading volume of $226,265 according to streams from CoinGecko, a coin tracker.

At this level, the token is up 17% in 24 hours and 130% month-to-date. It is down 22% from its all-time high of $8.73 and 35X from its all-time lows of $0.18 registered on Nov 10, 2019.

Tellor TRB Price Action

There will be 1.05 million TRB tokens in total and 960k are already in circulation. The token’s market cap stands at $6,437,774 and is therefore ranked at 270.

TRB is actively traded on IDEX, where the TRB/ETH is the most popular trading pair drawing daily trading volumes of $74,994. Other supporting exchanges include Vitex, Citex, and Bilaxy.

Tellor TRB supporting cryptocurrency exchanges

Furthermore, TRB is available at Bidesk.

Short term Catalysts

  1. Tellor is a project created out of necessity. The team understands what they are trying to solve and their solution resonates well for DeFi dapp creators. As a reflection of their goals, the token soared 33X from its all-time lows of $0.18.
  2. The team tight-knit and experienced. Tellor executives were part of Daxia, a derivatives protocol based on Ethereum.
  3. Tellor has received investments from DeFi industry leader MakerDAO and Binance Labs.
  4. There are rumors that Binance DEX could list the token. Binance DEX is massive and is powered by Binance’s technology. Should they list, the token’s liquidity will increase and that is a net positive.
  5. The idea of giving up and opting for a developer share instead of an ICO reveals their true intention and urge to see the project blossom.

Long-term Catalysts

  • The amount of ETH locked up in DeFi platforms continue to rise. It recently surged past $1 billion mark. Supportive fundamentals from DappRadar further reveals that more people who interacted with blockchain experimented with Ethereum and specifically DeFi. This is huge and for a platform that serves DeFi dapps, it’s only a matter of time before they receive more investments from Fortune 500 companies and the likes.
Tellor Oracle Adoption cycle
  • Their emphasis of security and decentralization is attractive for purists, and over the long term and if DeFi blossoms, this will be a major talk point more so if there is exploitation of other oracle solutions. The security of the network is directly proportional to TRB market rates. The higher, the more secure the platform. Additionally, Tellor’s smart contract has been audited by CertiK.
  • TRB total supply is relatively low and fixed. There is no pre-mine. Tellor’s popularity will only mean more demand for TRB, and market forces will mean a repricing beyond the token’s all-time high.
  • Tellor can work on any chain with smart contracting capability. This means gathering cross-chain information is possible.
  • Development team is working on “creating a secure, scalable, and on-demand Oracle to help smart contracts achieve their true potential.” Research on Zero-knowledge submissions to reduce gas costs and to prevent mirroring, and automatic reporting and monitoring is already been done.

Catch Major Price Moves with MarketWizard App

Catch Major Price Moves with MarketWizard App

Introduction

Finance. The world can’t function without it. Governments dedicate tons of resources to steady the ship whenever there is turbulence.

Amid the intervention, savers end up suffering. With the wave of easing from central bankers, savers are now earning less and less. In some instance, the reverse happens, savers pay bankers for safekeeping.

As bonkers as it may sound, that’s the reality on the ground. And it’s about to get worse as the global economy hangs by the thread. But, there is a light by the end of the tunnel. Blockchain’s latest innovation, decentralized finance, or simply DeFi, is a viable and timely option for investors.

DeFi aims to decentralize finance and that means token owners can bypass middle men and trust the code of smart contracts. Smart contracts operate from an immutable, community preserved blockchain and is autonomous.

DeFi is broad and encapsulates applications as exchanges and lending. However, it is the concept of loans and lending that has picked up in recent times especially in platforms as Ethereum and Cosmos.

Interest in DeFi saw the total locked value of ETH spike above the $1 billion mark, a milestone, in February.

What is Kava?

Kava could be nascent, just like DeFi is, but offers an invaluable proposition.

At its core, Kava is a cross-platform DeFi platform which is based on Cosmos. As a result, it is interoperable with different blockchains yet secure and reliable.

Kava: How it Works

Kava is built on the Cosmos and Tendermint. This is the same technology that powers Binance Chain but the difference is that it is multi-asset and built from the ground up.

Like other lending DeFi applications common in Ethereum, users can borrow loans and lock up their crypto assets like Bitcoin (BTC), Ethereum (ETH), ATOM, BNB, and USDT, which act as collateral—or technically a collateral debt position (CDP), in exchange of the platform’s stable coin, USDX, which is algorithmically maintained.

CDPs anchor DeFi, and it is the same model that has been employed by the project’s founders. Meanwhile, KAVA is the platform’s native currency and can be staked for more gains. Holders of KAVA can participate in the network’s governance, voting for changes within the platform when needs be.

Simply, Kava is bringing DeFi to non-Ethereum holders and through the platform, they can earn interest from lending, participate in network security, and borrow against their collateral.

And it gets better.

Kava is built on Cosmos, an interoperable platform, and remains secure, stable, while promoting self-governance through KAVA.

Kava Token: Its Main Purpose

KAVA token serves three main purposes:

  1. It secures the network through validators who stake the coin in return for block rewards and transaction fees. Holders also benefit from burning of stability fees paid by CDP users. Many of these validators are Kava’s public partners.
  2. Stabilizes USDX peg. The coin is minted whenever the USDX–fiat peg is lost
  3. Governance since KAVA holders determine which proposals can be integrated and which parameters can guide loans and CDPs. Stability Fees, overcollateralization ratio, as well as voting for which assets to accept is decided by holders who can delegate their voting rights to validators or do so by themselves.

On a Deeper Level, Kava Functions as Follows:

To guarantee network stability and security, all rewards that are emitted per block are shared depending on the staking ratio by all network validators. Validators are like miners and aside from emissions, validators share transaction fees.

The amount of Kava received depends directly on first, the staking ratio mentioned above, the commission rate which are set by validators, and thirdly, the total transaction volumes. The higher the trade volumes, the higher the rewards received since it means more people/users interacted with the cross-chain DeFi platform.

At the moment, Kava issuance rate is at 6.33% but will fluctuate between 3% and 20% depending on whether two-thirds of the total coins in supply is staked.

For coin stability as aforementioned, the system automatically tracks collateral but concurrently incentivize liquidation of CDPs—collateral converted to USDX which tracks the USD, whenever collateral ratio falls below the minimum threshold.

However, should the slide of the price of collateral fall faster than the system can auction off pending CDPs, Kava is minted for the USDX—USD peg to hold true. In this case, Kava holders are liquidated.

Stability Fees will be paid in Kava tokens and destroyed. Burning reduces the supply of Kava tokens which in turn means holders of the token have an edge.

At launch, Kava Stability Fee was set at 5% per annum.

The Team

Kava Team

Kava was launched in 2017 and the team has expertise in blockchain, providing solutions for competing platforms as Tezos, Ripple, Tendermint, and MakerDAO amongst other leading projects.

Leading the team is Brian Kerr, the CEO. Before Kava, he advised Snowball–the world’s first smart crypto investment automation platform, and DMarket– a blockchain-based decentralized digital asset marketplace that enables publishers to create purchasable inventory of their digital items like skins, gold, and other in-game items.

Scott Stuart is the Product manager while Ruaridh O’Donnell is the co-founder and the Blockchain Lead.

Others include: Kevin Davis, the Lead Engineer, Denali Marsh, who is the software developer, Aaron Choi, the Head of Business Development in Asia, and Ticky Chen, the Marketing Manager.

Kava is advised by Robert Leshner, the CEO and Founder of Compound Finance. Compound is an open-source, autonomous protocol built for developers, to unlock a universe of new financial applications. Interest and borrowing, for the open financial system.

Advisors

Kava Advisors

Another advisor is Sunny Aggarwal, a research scientist for Cosmos, and Terry Chen, the VP of Engineering at Twine. At Twine he is responsible for an 18-person team and oversee all things technology: mobile, web, backend, infrastructure, quality assurance, system administration, desk side support, security, and compliance.

Noteworthy advisors include Jack Zampolin who is the Director of Product at Tendermint, Brian Fabian Crain, the co-founder of Chorus One, and Roderik van der Graaf, the Managing Partner, LEMNISCAP.

Partnerships

Kava Partners

Kava has collaborated with over 300 firms. Some of them are: Binance, OkEx, Ripple, Cosmos and Tendermint.

Ripple’s XPring, the investing wing of the $10 billion company that may IPO in the next year, has invested in Kava, and the platform now supports XRP as collateral.

Tendermint is the creator of Cosmos Hub and Cosmos SDK. ATOM is accepted as collateral by the platform.

Then there is Cosmos, BitMax, Cosmostation, Lemniscap, Coil, Chorus, Commun, and many others.

When announcing their partnership with Cosmos for example, Scott Stuart, the Product Manager, said he was thrilled and strongly believed in the importance of building a blockchain framework ready for mass adoption:

“Kava has admired Tendermint for a long time and believes in the importance of building a blockchain framework for mass adoption. We are thrilled to help Cosmos extend its reach to new markets, providing the ecosystem with access to new users, liquidity, and services.”

Tokenomics and KAVA Distribution

Kava was the 10th IEO on Binance Launchpad. Preceding this IEO were three Private Token Sales.

Combined, 40% of the total circulating supply of Kava tokens, at 100 million, were sold. During the first, second, and third private sales, each Kava sold for $0.075, $0.25, and $0.40, respectively.

Kava Token Crowdfunding: Private Sales and Binance IEO

The IEO price was sold at $0.46 and 6.52% of the total supply of Kava was sold raising $3 million. Only BNB was the accepted coin. It was done in Oct 2019.

As a result, token holders control 25 of the total supply while Kava Treasury has a 28.48% controlling stake.

  • 15% of all funds were used as follows:
  • 45% for Platform Development
  • 25% for Business Development and Marketing
  • 30% for Legal, Operations, and to cover miscellaneous costs
Kava Token Distribution

Kava is a BEP-2 token and has an inflation of 6.33%. Each coin is trading for $0.85 against the USD according to data from Coingecko. Most trading is from Binance.

Also, there are 102 million tokens in total supply but 87 million, or 85.12%, are bonded.

In addition, there are 90 validators but 84 are live at the time of press.Therefore, takes between 6 to 11 seconds to validate a block of transactions.

Tokens will be released depending on the amount staked by validators. The higher, the lower the APR rate, and vice versa. Maximum and minimum APR rates—dependent on staked amount stands at 20% and 3% respectively.

Eventually, by Oct 2022, all tokens will have been released.

Kava Market Performance

For private investors who got in at the first token sale, their ROI is at 12X in USD terms at market rates of $0.91.

Meanwhile, IEO investors have a 2X ROI.

Short Term Price Catalyst

  1. Kava team has the experience and the dedication needed to propel the project forward. Brian Kerr has previously worked in blockchain finance before his participation in Kava. Also, the Product Manager, Ruaridh O’Donnell, was a blockchain lead before joining Kava.
  2. In addition to this, the team is advised by Compound co-founder and other heavy weights who are directly involved in crypto finance or advise leading blockchain projects seeking to revolutionize finance.
  3. The projects liquidity continues to increase. Several months after crowd funding, the token is now trading at Binance and other exchanges including Bitrue, BitMax, and Gate, according to data from CoinGecko. However, the listing at Binance exposed Kava to high liquidity and investors.
  4. Binance now supports the deposit and withdrawal of Kava. A big boost considering the depth of Binance’s liquidity and their broad user base.
  5. Staking is also available Gate. Kava is a proof of stake coin and that represents another revenue stream aside from capital gains for holders. Besides, staking is also possible via Trust Wallet.
  6. They continue to market and an experienced content marketer, Sarah Austin, is the latest to join the team. Efficient dissemination of Kava-related news is crucial at this early stage. Content is also supplemented by the project’s executives’ live sessions and AMAs.
Kava Roadmap
  1. Kava is steady and adheres to their roadmap. They have since released a CDP system and developers continue to submit commits at GitHub. This is a mark of participation and community, a vital element in crypto and blockchain.
  2. Several blockchain explorers have been built by the community for coin tracking. With the ability to track transactions, user experience is improved, a net positive for the project.

Long Term Price Catalysts

  1. The concept of cross-chain DeFi is itself a massive idea. Amount of DeFi held in different apps is expected to rise in years to come as it becomes more popular. Already, over $900 million is held at different DeFi platforms according to stats from DeFi Pulse.
  2. Kava has the support of leaders including Ripple who invested in the project through XPring.
  3. Kava support different coins as ETH, Bitcoin, BNB, and even XRP as collateral, an opportunity for other users who would love to lend and borrow.
  4. Through USDX, users are shielded from market volatility as they can opt in and out between supported coins for the stable coin.
  5. The team governance is distributed and holders can vote should they want changes to terms of their CDPs and over-collaterization ratio for example.
  6. Kava’s community is growing and recently, the number of validators, mostly partner companies, rose above 150. This is the mark of distribution and a strength of governance.
  7. The project also plans to add other Synthetic assets including the Euro, JPY, and the Renminbi, a boost for Kava token. This is on top of increasing collateral assets needed when borrowing funds.

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Peer to Peer, No KYC, Audited and Insured Smart Contracts

We got some requests (not paid, we haven’t done any paid writings ever) from the community to write about this new up and coming crypto social media network. We dove in have hope you get a good overview of Howdoo and their token UDOO.

Introduction

Believe it or not, every other time you browse, sign up or login to social media you are unknowingly generating data. These data are usually bundled and either sold to a marketer, or used to improve the platform’s pro-profit systems. It’s the age of micro-targeting and some social media platforms are churning billions out of your activity.

Social Media Statistics

From your data, from your clicks and from your chats or posts, you name, all of them are remotely recorded somewhere and processed. This is creepy but fantastically lucrative on the other side of the camp.

But how many are plugged? Well, first, there were 7.7 billion people on earth by May 2019.

Out of that 4.4 billion had access to the internet and a whopping 3.59 billion were active social media users, a majority of them being teenagers.

Over 80 percent of them are satisfied, believing that social media has positively impacted their lives.

The research further revealed than an individual spent on average 142 minutes a day on social media generating data that is instead fed to leading retail brands.

What is Howdoo (µDoo)?

However, this is changing because of Howdoo specifically built to align to the demands of the media landscape, unmet by social media behemoths.

Howdoo is a revolutionary instant messaging and a blockchain-based social media platform that is giving control back to users while concurrently solving scaling troubles as well as dApp development.

Creators describe it as a new way of doing things. The platform is fluid and users are in charge of their data. Howdoo can be said to be the 21st appeal. Control means privacy, and privacy is an alienable human right clearly spelt in the constitution.

At Howdoo, it doesn’t matter who you are. A content generator or a viewer will still earn. That’s thanks to blockchain. Through the Ethereum blockchain, Howdoo’s concept has attracted leading Youtubers and users alike.

Howdoo combines all the exciting features of current social media platforms and blending them all with a new but radical approach to content monetization and creation.

Howdoo (µDoo) is giving back Control to Users

Most importantly, content or user decides how and who to share his/her data with. That means control and privacy, which has been repeatedly violated by leading social media platforms struggling with scandals and fined heavily.

Users have access to a special and fair monetization model, including tipping in the platform’s native toke, µDoo, retaining 100 percent of the share. A user’s data, in a sense, is under his/her control. It becomes his/her business and there is no way that can be lost to a third-party platform that can ban, freeze or charge a huge commission on rightful earnings.

Also, users will receive attention-based tokens earning passive income just from watching videos. Rates are based on social stacks which are ratings based on the number of completed actions.

It could be from watching specific videos, liking or sharing content and more. The purpose of social stacks is to encourage platform engagement. What’s attractive is that Howdoo is feature rich, allowing users to stream videos through PiP and more.

Interestingly, users can create paywalls on their content or even set up subscriptions for content or realign their model to generate income from shares or like as control is totally decentralized.

Overly, Howdoo is an ecosystem where creators, advertisers, ordinary users, vendors and developers have a symbiotic co-existence.

The Team

Howdoo is registered in the Cayman Islands, but the team is predominantly international with representatives from the UK, the US, India and Australia.

The team is led by David Brierley, the founder, and Chief Initiator.

Others are:

  1. Neil Harper, the Chief Storyteller
  2. Mark Perring, the Chief Engagement Officer
  3. Tony Loan, the Head of Innovation
  4. James Farlowe, the Director of Research and Development.
  5. Nakul Shah, the Senior Technical Architect
  6. Beth Lawton, the Developer

Advisors include:

  1. Brett King, a Futurist and an award-winning speaker
  2. Paul Mears, an Entrepreneur and an Innovation Investor
  3. Jordan Fantaay, a Technology Entrepreneur
  4. Andy Hones, the founder of JumpXL
  5. Ian Gilmor, the International Risk and Payments Advisor

Roadmap

Howdoo development has been steady since the idea was conceived in Dec 2017. With the Private Alpha release of V1.1 PAX Aurora for Android, through to the announcement of their token sale in Mar 9, 2018, the team has developed their regional data centers, a multi-currency wallet with multilingual support and launched an ad auction engine.

Notable Partners

In recent days, the team received encouraging support from the likes of Visa Card, IBM and Huawei.

In their deal with IBM, Howdoo will use IBM Watson’s Personality Insights as Howdoo build a marketing strategy and better understand their customers. Commentators are positive that their partnership with Huawei will see Howdoo infiltrate the tightly controlled Chinese market and even link their wallet with AliPay or TenCent, a move which will be massive for their token.

Because of Visa, Howdoo users are eligible to apply for a Visa Card from where they would easily spend their tokens.

Other partners include Creation Agency, who will supply next gen social media marketing, and Applicature who applauded the team saying they are “goal-oriented people”.

What is Howdoo (µDoo) Tokenomics and ICO Details

The Ethereum-based project integrates two consensus models: Proof-of-Contribution and Proof-of-Trust consensus model. Its native utility token, µDoo, is an ERC-20 compliant token that will be used for settling all payments, tips, and rewards. 

The token will be a vehicle for transferring value within the ecosystem. Specifically, the team decided to infuse this token to their operation as it gives them an edge, incentivizing participation.

The token has monetary value and can be exchanged for other coins as BTC.

The token will:

  1. Be a currency for advertisement in the Howdoo platform
  2. Be used for rewarding in advert rebates and network operators. Depending on their Proof-of-Trust score, Howdoo will distribute 60 percent of their revenue to Network Operators via a smart contract. The remainder, 40 percent, will be used to meet operational costs.
  3. Be needed for participation in the AdAuction platform
  4. Be used by users of High PoC to set engagement fees in their professional introductions.

In total, there will be a fixed supply of 889 million µDoos. Each µDoo can be split in decimals more like BTC or ETH.

Presently, there are 271 million tokens in circulation, generating a market cap of $841,273 from an average daily trading volume of $1,073,895 as it changes hands at $0.008580 .

Howdoo (µDoo) Token Distribution

The 889 million tokens were divided as follows:

  • 35 percent for the Howdoo Incentive Scheme
  • 21.5 percent for public investment
  • 20 percent to the team-this was vested
  • 20 percent to the Treasury token
  • 3.5 percent for a Bounty program

Because its Pre-ICO price was fixed at $0.08 while its ICO price was $0.0689 and ended on July 12, 2018, raising $8.6 million. During that time, BTC and ETH were also accepted, and contributors had to identify themselves because of KYC.  

Short term Price Catalyst

  • The iOS and Android apps have launched. Mores users are expected after this and so does demand for the token.
  • Howdoo is gaining the requirement momentum and is a source of discussion in the media. In recent times, there are mentions at INC, Forbes and other leading publications.
  • Howdoo is attracting talent. The latest to be the project’s advisor is Michael Chen, an established advisor in blockchain. He is the CMO at Fantom, the founder of Envoke Marketing and PR, and advised the development of OKEx xFutures and more.

Long term Value Catalyst

  • More celebrities and media influencers are signing up and using the social media platform. Given their huge following and what they will receive, it is not hard to see why µDoo will be a limited, on-demand currency needed as these celebrities install paywalls and get tips from their fans in a platform that is secure, global and private. Some of them include: Tyannah Vasquez, Shay De Castro, Debay Miles, Sam Withers, the Martini Guy, and many more.
  • They have partnered with Huawei. Jason Sibley, the Chief Marketing Officer, says they are huge fans of Huawei devices and are holding “proactive conversation” on how to develop products that seam with Huawei’s ecosystem. Howdoo app is a feature app in Huawei AppGallery. Commentators believe that through this, they will at long last infiltrate the lucrative Chinese market and even build a bridge with Alipay or Tencent. If that happens, the value of µDoo is grossly undervalued. Note that Huawei, given President’s Trump ban, is not accessible in the US and some parts of Europe are also considering banning Huawei’s gadgets.
  • Another heavyweight involved in the project is IBM. By using IBM’s Watson, Howdoo will better understand their customer, profile them accordingly and generally improve their processes. But that’s not all, Howdoo is also exploring on using an AI Chat assistant, a service that will be accessible to Supernodes from 2020. On their end, IBM, being a launch partner will be “providing value through content, engagement and offers, and will also investigate how to utilize the platform to reach new potential customers.” Mitel is also Howdoo’s launch partner.
  • Because of fiat gateways-complete with a baked US regulated bank account-and their partnership with Visa, holders can spend their tokens from anywhere in the world. In reality, Howdoo provides the channel needed for crypto mass adoption. This service will launch in Q1 2020.

Enjoy #DeFi with the Best Prices across Exchanges

Peer to Peer, No KYC, Audited and Insured Smart Contracts

Enjoy #DeFi with the Best Prices across Exchanges

Peer to Peer, No KYC, Audited and Insured Smart Contracts

Introduction

Admittedly, the cryptocurrency market is slowly evolving. There are now more deep-pocketed players involved. As the space matures, cryptocurrency exchanges will play a more vital role. Over and above everything, cryptocurrency exchanges will act as facilitating platforms where traders and investors can securely buy and sell coins or fiat, and vice versa.

Primarily, a cryptocurrency exchange combines different functions like order matching, order fulfilling and asset custody, while concurrently remaining transparent, scalable and compliant with local laws. Over 10 years after the launch of Bitcoin, the sphere is now worth over $200 billion.

Contributing to this ballooning ecosystem, the largest cryptocurrency exchange by adjusted trading volume, Binance, moves over $1 billion worth of cryptocurrencies in any trading day. The safest, if hacking is anything to go by, is Coinbase with headquarters in San Francisco, US.

While Coinbase is now more aggressive because of increasing competition, FTX wants to leave a mark in the cryptocurrency derivatives trading. The market, according to a research finding by Alameda Research stood at $9.9 billion on July 28, 2019.

FTX Exchange and FTT

FTX is an institutional-grade crypto derivative exchange that was launched in July 2019. It is owned by FTX Trading LTD, a company that is incorporated in Antigua and Barbuda. The exchange claims to offer a special trading platform built by traders for traders.

FTT FTX Exchange-Products

It is differentiated since it is liquid and powerful enough for professional traders and institutional grade investors and intuitive for novice traders. Currently, the exchange offers futures, leveraged tokens, and OTC trading for clients across the globe.

FTT FTX Exchange-OTC Trading

Alameda Research, a top cryptocurrency liquidity provider, incubated FTX exchange.  On top of that, they have an OTC portal where investors can receive quotes from over 20 supported coins and tokens. To this end, their order book is deep, listing different innovative products including Perpetual Futures and Futures derivative products.

Futures contracts are collateralized by a stablecoin and all futures contract are traded from one universal margin wallet. Their matching engine is designed from the ground up. It comprises of a liquidation engine and a backstop liquidity provider with a three-step solution to handle margin calls.

Their proprietary liquidation engine has an inbuilt clawback prevention mechanism that incrementally liquidate a trader’s position to avoid market crash. If in case the market is moving too quickly, the backstop liquidity provider steps in and takes over the position, preventing other traders from being hit.

 A clawback happens when a crypto futures trader is rekted and margin called. To keep an exchange solvent, platform traders holding the futures product compensate for another trader’s poor trade decision, are forced to give up some of their gains in a claw back.

For efficiency, FTX has their native token, the FTT. Holders receive the following benefits:

  • Low trading fees
  • OTC rebates
  • Collateral for futures trading
  • Socialized gains from the exchange’s insurance fund
  • Weekly buying and burning of fees
  • Used as collateral in FTX

Meanwhile, the utility token will serve the following purposes:

  • White Label solutions for institutions that have expressed interest in purchasing white label version of the exchange’s OTC portal or futures exchange. Settlement will be in FTT.
  • Leveraged token listing fees

The main features of the FTX exchange include:

  • Low trading fees
  • Tight spreads
  • Deep order books
  • Up-to 101 leverage
  • Deep liquidity
  • Stablecoin settlement in TUSD and USDC allowing flexibility.
  • Leverage trading and bidirectional trading of up-to 3X without margin on Bitcoin, ETH, XRP, EOS and USDT.

Some of their Index futures include:

  1. EXCH which is a future on an index of the major exchange tokens
  2. ALT: An index future on altcoins. It is the world’s most liquid altcoin index.
  3. MID: An index future on mid-cap coins like ADA and NEO
  4. SHIT: An index future on low cap coins

The Team

The exchange was co-founded by Sam Bankman-Fried and Gary Wang. Both are also the founders of Alameda Research, a quantitative trading firm with bases in Hong Kong. Although both are instrumental in Alameda Research and FTX, both entities are independent.

FTT FTX Exchange-Team

Sam started out as a professional quant trader at Jane Street before co-founding Alameda Research in 2017, extending his skills of quantitative trading in cryptocurrencies.

Alameda Research has over $100 million in assets, trading on average between $600 million and $1.2 billion across different cryptocurrency exchanges.  

Other notable team members include: Andy Croghan, the COO, Constance Wang, the Head of Partnership, and Darren Wong, the head of Business Development.

The team is experienced with previous gigs at Google, Susquehanna International Group, Facebook, Optiver, and Jane Street.

Partnerships

FTT FTX Exchange-Partnership

FTX Exchange has partnered with several stablecoin providers as Circle, Paxos and TrueUSD.

These stablecoins can be deposited on the margin account and used as collateral. However, the exchange’s native currency can serve the same purpose.

Notable partners include Alameda Research, FBG Capital, BitMax, CoinGecko, CoinEX, Mars Finance, Consensus Lab, Fenwick and West, Lemniscap, and Galois Capital.

Together with Proof of Capital, Consensus lab, Galois Capital and FBG contributed $8 million in the seed round.

Tokenomics and FTT Distribution

FTT is an ERC-20 compliant utility token that is generated on the Ethereum platform. Aforementioned, it serves different functions in the FTX exchange ecosystem. For traders, holding the token means discount and upon launch in July 2019, the token has had its turbulence.

Reaching highs of $2.71 on Aug 8, 2019, the token is trading at 50 percent from its high. At spot rates, FTT is changing hands at $1.36, attracting 24-hour trading volumes of $1,850,854 generating a market cap of $39,558,992 placing the token at 90th in the value leaderboard. The token’s maximum supply is 349 million and the current circulating supply is 28.8 million.

FTT FTX Exchange-Supported Exchanges

The token is up 11.1 percent in the last month, and is listed at different exchanges including Bitfinex, BitMax, Huobi Global and CoinEx where it is paired against HT, BTC and USDT.

Against the USD, FTT ROI is 1.7. The ICO price was $0.8.

In total, three-fifth of the tokens are unlocked and are distributed as follows:

  • Five percent are held in an insurance fund
  • Five percent are held in a safety fund
  • 20 percent in a Liquidity fund
  • 20 percent for the team
  • Five percent for Advisors
  • 25 percent for the Company-and locked up for three years
  • 10 percent for the Ecosystem fund
  • 10 percent towards the Acquisition Fund

Apart from this, the exchange will purchase and burn tokens as follows:

  • 33 percent of all fees generated from FTX exchange
  • 10 percent from socialized gains
  • Five percent of all fees earned from other uses within the exchange

Purchases will be from the FTT/USD spot market. They completed the first burn on July 29, 2019.

Short Term Value Catalysts

  1. The team behind FTX and FTT are veterans in quant trading and are now extending the same to cryptocurrency trading. Besides, the rest of the team have previous work experience at Google, Facebook, Jane Street, Optiver and Susquehanna. Sam and Wang, through Alameda Research, have what it takes to drive FTX to the next level. In their previous stints they used to manage over $100 million in Assets while generating over $1 billion in trading volumes across different exchanges.
FTT FTX Exchange-Achievement and Development
  1. The FTX exchange interface is simple, easy to use and intuitive regardless of the trader’s experience. Placing orders is simple and straightforward. Coupled with deep order book liquidity thanks to the backing of Alameda Research, it won’t be hard to see the exchange dominate the cryptocurrency derivatives space.
  2. The FTX app is now available from the iPhone store and Google Play Store for Android users.
  3. The exchange has immediately attracted institutional grade investors and retail traders mostly from China. However, with Battle Royale, a trading competition, the exchange is attracting users from Europe and Australia. This is huge for FTT token.
  4. The tracking in the last couple of months following their soft launch in July 2019 has been impressive. 90 days after launching, FTX is abiding by its motto of being a reliable exchange built for traders by traders. 60 days into trading, and the total trading volumes had exceeded $300 million.
  5. Sam, the CEO of FTX, recently hinted that the exchange will list LINK, the native token of ChainLink. This is a big plus and listing would likely draw demand for FTT tokens.

Long Term Value Catalysts

  1. FTX is listing innovative products like Leveraged Tokens and generative cryptocurrency derivative futures products that are not available in other exchanges. The leverage ERC-20 tokens are a flexible, clean, and automated way for traders to use leverage without entangling themselves around the complexities of risk management. All is done at the background and allows the trader to focus on the market while enjoying all the benefits of margin trading. Moreover, their indices are incredibly useful for traders. The altcoin index, for example, can be used to determine the prevailing altcoin sentiment, allowing a trader to prepare accordingly.
  2. There are lots of products on offer including perpetuals, futures, spot markets, leveraged tokens and even OTC trading. The team will introduce Options in the near future. If anything, this is the exchange’s main value proposition.
  3. Their partnership with leading stablecoin providers, including TrueUSD and Circle, for flexibility. Deposits or withdrawals in stablecoin will be credited or withdrawn as USD.
  4. The exchange is pulling ahead of the crowd with fast order matching, liquidity, and order execution times. At the time of writing, there has never been down times or order submission errors even during peak hours. According to Darren Wong, the CTO of FTX, the average latency of their order matching engine is 100 ms. The concept of clawback prevention is also a big plus.
  5. Settlement in OTC trading is in FTT, and since there are no minimum limits, investors can channel funds to their preferred assets and enjoy low fees. To showcase just how popular FTX is, their OTC RFQ system launched in Oct 2018 attracted $30 million in trading volumes at the depth of the bear market with little marketing. Progress has been made and have built an intuitive User Interface suitable for all grades of traders, and an API portal that can be integrated into the FTX ecosystem.
  6. In five years, the team plans to introduce the options and predictions market, commodity futures, hash rate futures and more tokenized products.
  7. The team is looking to list FTT in the Binance Chain for the asset to be accessible for Binance DEX traders.
  8. Their strategy of purchasing and burning FTT tokens until half of the total supply has been discarded is bullish for FTT token. Note that FTT can be collateral for futures trading. And as a utility, the more there is demand, the only path of least resistance is up. The first burn was completed in July 2019, and token burns will be done every week.
  9. They have partnered with Chainalysis to revamp their KYC and AML processes.

Enjoy #DeFi with the Best Prices across Exchanges

Peer to Peer, No KYC, Audited and Insured Smart Contracts

Enjoy #DeFi with the Best Prices across Exchanges

Peer to Peer, No KYC, Audited and Insured Smart Contracts

Introduction

Admittedly, cryptocurrencies are yet to hit the highs and permeate through the masses. Understandably, for a new-age solution that leverages on a disruptive technology, time is what it needs.

Bitcoin popularized blockchain, and as enterprises integrate, it is apparent that the volatility of leading cryptocurrencies is an obstacle. The world simply needed a stable asset, a shield from where they could park their valuables in times of heightened uncertainty and dropping asset prices. That has so far been developed. In fact, in the past two years, stablecoins dominated.

With the rise of Tether (USD), more institutions got involved. By early Q2 2019, records had it that stablecoins-related trading volumes had more than quadrupled. Surging from around $12.5 billion in April 2018 to $82 billion a year later, interest has been spectacular.

It’s essential that there is a stablecoin. Stable in value and pegged against secondary assets which act as collateral, these coins and tokens act as liquidity channels through which exchanges can enhance their customers’ experience.

Introducing the Reserve Protocol

Aware that leading cryptocurrencies are still struggling with the blockchain dilemma and unlikely to scale to global levels while concurrently maintaining a stable purchasing power, the team at Reserve Protocol is desirous of running a trusted and an accessible stablecoin.

The Reserve Protocol can be deployed on top of any smart contracting platform. Although initial development will begin in Ethereum, they plan to create a two-way bridge, allowing complete interoperability of Reserve Protocol tokens. However, with time the team plans to devolve each component and eventually decentralize the network.

The Reserve Protocol team has in mind an economically strong stablecoin that is robust against attacks and yet trusted by investors. By rolling out a safe haven stablecoin they can be at a position to convince governments of economies with under-developed infrastructure to replace their currencies with their asset-backed token.

Reserve Protocol Tokens

The Reserve Stablecoin (RSV)

There are two types of ERC-20 tokens that underpin the Reserve Protocol. First, the Reserve stablecoin (RSV) is a hyper-inflation- proof asset that will be initially pegged one-to-one against the USD before being collateralized with a basket of blockchain assets stored in the Reserve’s vault in later stages. These assets will be diversified and made up of tokenized real-world assets including securities, commodities and currencies.

The Vault’s purpose is to act as a cushion against systemic risks. In the long term, the team’s view is that there would be 100 different low-volatility assets backing RSV. At the moment, the specific composition of these assets is yet to be divulged.

Set to maintain parity with the value of the greenback, it is the token that will replace fiat currencies of countries with weak or underdeveloped infrastructure as mentioned above.

RSV is fully backed and the collateral is kept at Reserve’s vault. The vault is a smart contract that contains a pool of blockchain assets that are used to collateralize the token. The Vault’s smart contract will collect RSV in two ways:

  • Through fees. Each RSV transaction will be charged at 1%.
  • Capital gains of assets backing RSV.

RSV can be used to perform three main functions:

  1. Preserve savings against hyperinflation
  2. Facilitate cheap remittance between countries
  3. Enable a more reliable and robust merchant ecosystem in developing countries.

The Reserve Rights Token (RSR)

Second, the Reserve Rights Token (RSR) serves two main functions:

  1. Acting as a utility token, holders will vote on governance proposals.
  2. It will be used to keep the RSV value at its target price of $1.

Different, RSR token is volatile and were offered to investors, funding the project. In a nutshell, what RSR does is to guarantee the collateralization rate of RSV, and that the value of RSV is maintained.

Aside from these functions, the RSR fulfills other duties including:

  • Being a source of capital for bootstrapping Reserve protocol development
  • Holders of the token can put newly minted RSV stablecoins using the token. If there is any disparity between RSR and RSV prices, then traders can exploit the difference through arbitrage and profit.

RSR is used to recapitalize the network’s ecosystem whenever the protocol’s holding at the Reserve’s Vault depreciates. Besides, it is expected that the token would aid in re-calibrating the network.

In that case, whenever there is an uptick of RSV’s total supply, RSR tokens in circulation shall decrease. This is so because for arbitrage opportunities are only exploited by RSR holders who then have to settle in RSR.

In other times, and when necessitated by prevailing conditions, the Reserve protocol may be required to attain a collateralization ratio exceeding 1:1.

Such a special scenario will force the protocol to automatically mint and subsequently sell RSR token for additional collateralize blockchain assets. This way, the protocol would easily offset the extra capital requirement needed to scale the supply of RSV stablecoin.

Mentioned above, the team will decentralize the network’s operations. That will be done in three phases as follows:

  • The centralized Phase from Q3 2019: Here the RSV token is backed by USD held by a third-party trust. At this stage the decentralization mechanism is not mature and the protocol will adopt an off-chain collateralization scheme similar to that of Tether Limited but with transparent operations. In the centralized phase, collateralizing assets cannot be expressly determined since the backing assets are yet to be tokenized. At this stage, each token issued can be exchanged with the USD through a trust company.
  • The decentralized Phase in 2020 where RSV tokens are backed by a basket of different blockchain assets with the aim of maintaining equilibrium with the USD.
  • The Independent Phase where RSV tokens are independent, has a strong purchasing power and no longer maintains a peg with the USD. As a stablecoin that is accessible, economically strong, it can satisfactorily serve users regardless of price fluctuations of the USD. This will be after 2020.

The Reserve Dollar (RSD)

Third, the Reserve Dollar (RSD). This token is not mentioned in the project’s white paper. However, in the centralization phase, the team will issue out this token instead of RSV, and will be pegged 1:1 against the green back.

The Core Team

Leading the team is Nevin Freeman, the co-founder and CEO of Reserve. He is an entrepreneur and has co-founded three companies. Nevin oversees strategy, legal, and team coordination at Reserve. He is also keen on averting risks posed by advancement in Artificial Intelligence, and looking to offer solutions for the coordination problem preventing humanity from reaching its full potential.

Reserve Protocol Team

Matt Elder is the CTO and co-founder. He is tasked with designing, analyzing and overseeing the Reserve Stabilization Protocol and designing the Reserve protocol implementation. He has engineering experience from IBM, Google and Quixey.

Reserve Protocol Team

Jeremy Schlatter is the Tech Lead, and he is building the Reserve protocol software, including its smart contracts, off-chain components, and testing infrastructure.

Miguel Morel is the co-founder and oversees the execution of Reserve’s operational strategies.

Other team members include: Robb Henshaw, Charlie Smith in Business Development, Jesper Ostman in Protocol Development, Cathleen Kilgallen in Research and Operations, Andrew Masanto in Marketing and Strategy, and nine others.

Advisors

Notable advisors are:

Reserve Protocol Advisors

Garett Jones, a renowned Monetary Economist who served as an Economic Policy Adviser to Senator Orrin Hatch and as a staff economist to the Joint Economic Committee of the US Congress.

Paul Atkins, the Former SEC commissioner. In Dec 2016, Atkins he was a member of the business forum assembled by the then president Elect to advise on economic issues. 

Others are: Santiago Siri, the founder of Democracy Earth, Ben Verschuere, the former Portfolio manager at Thiel Macro, and Gary Basin, a former Hedge Fund founder.

Roadmap

The Reserve Protocol team has completed early design work, test net and crowd funding.

Reserve Protocol Roadmap

Besides, in Q3 2018, the partnered with the largest cell-phone importer in Angola and followed that up creating a reserve mobile payment app in Q2 2019. They also completed the technical implementation of the Reserve Dollar (RSD), executing the Huobi Prime listing of the RSR tokens in May 2019.

Their plan in Q2 2019 is to launch the RSV token and the launch the Reserve mobile payment app in an economy suffering from Hyper-inflation. By 2020, the team anticipated to launch the RSD and implement the RSR token in the live Reserve protocol.

All the same, it is worthy to mention that their repository is open source and not published at GitHub for public scrutiny.

Partnerships and Investors

Overly, Reserve Protocol aims to build a universal safe haven, a store of value which is secure, safe against hyper inflation and easily accessible.

By rolling out a stablecoin that is outside the control of governments and not prone to abuse as the underlying network is distributed, the project’s objective would have been achieved. Towards that goal, the project has a lot of focus on troubling areas where governments keep messing with monetary systems which negitively affect the majority of people.

Aside from this goal, Reserve has a deep relationship with 7 Mobile Africa, a mobile phone importer in Angola. Together they are cooperating to launch an app that will ease cross-border payments in Africa and other developing economies. Generally, Reserve has the support of seasoned investors and managers of prolific funds. Most of them also participate directly thereby affecting the trajectory of the network.

Reserve Protocol Partners and Investors

Leading investors include Coinbase Ventures, Sam Altman, the President of YCombinator, Peter Thiel, the co-founder of PayPal, Palantir Technologies, and Founders Fund. Others include Crypto Lotus, Refactor Capital, Semyon Dukach, James Glasscock, the founder of Elephas Ventures, Jeff Morris Jr. the Director of Product and Revenue at Tinder, and many more.

Reserve Protocol Partners and Investors

Visible cryptocurrency-centric funds include: Arrington XRP Capital, Digital Currency Group, Velorum Capital, DDC, Fenbushi Capital and a dozen others.

Reserve Protocol Partners and Investors

Reserve Rights Token (RSR) Tokenomics

There is no mention of the total supply and RSR distribution in the project’s whitepaper. However, according to coin trackers, there will be 100 billion RSR tokens, all of which are pre-mined. Generated on Ethereum, and acting as utility tokens as mentioned before, RSR tokens are vital for Reserve. Depending on the collateralization, the total supply can be raised or tokens burnt.

During their public sale, 3 billion RSR tokens were sold. The session was split into two phases. In phase one, it was on a first come, first serve basis where tokens were sold at market. At this stage, 600 million tokens were availed to the public at $0.0006. In the second round, tokens were sold via limit orders, and allocations was done depending on the amount purchased. At this phase, each token was sold at $0.0011.

Funds Received and Vesting

Prior to this, Reserve had received funds from their seed raise where 12.392 billion RSR tokens were sold at $0.0004, and in a Private Sale where 1 billion RSR tokens were sold. Each token sold at $0.002.

According to information divulged by the Reserve, a total of $6.96 million was raised in the first two stages—Seed and Private sale rounds. Tokens bought in the Seed round will be released six months after Mainnet launch. This will also apply for tokens held by the Partners, team and advisors. Token release is expected to be sometimes in 2020.

For investors who bought their tokens during the Private sale, they will receive the first 25 percent, and the rest after three months. There will be no lock up for tokens bought in the First and second round of the token sale.

Token Distribution

RSR tokens held by the foundation will be held in the hot and cold wallets. Available for use, tokens in the hot wallets is available for the team discretional use. However, unlocking and subsequent expenditure of tokens stored in the Foundation’s cold wallet must be explained.

Reserve Protocol Token distribution

In general, RSR tokens are distributed as follows:

  • 58.6 percent is assigned for the foundation
  • 5 percent for partners
  • 20 percent for the team and advisors
  • 16.4 percent for public sale

In total, there are 2,244 token holders generating 37,437 transfers at the time of writing. There could be centralization concerns because the top 10 hold 85 percent of all the tokens in circulation.

Reserve Protocol RSR token holders

RSR ROI and Market Performance

Performance wise, there are 6,847,804,000 RSR tokens in circulation translating to a market cap of $16,127,544.

Reserve Protocol RSR market performance

At the time of writing, each token changed hands at $0.0025169, down 9.81 percent and 10 percent in the last week against USD and ETH. It peaked at $0.00578163 on May 24, 2019 but is currently down 59 percent from its all-time highs.

Reserve Protocol RSR market performance

The ROI of RSR is 2.14X against the USD, 2.71X relative to ETH and 1.72X versus BTC.

Aside from Huobi Global, RSR is listed at Idex and HotBit where it is paired against ETH and USDT.

Short term Value Catalysts

  • The launch of Reserve mobile payment app is on schedule, and set for Q3 2019. The aim, according to the team, is to build liquidity through this app. Success means more attention, and that will build demand, pushing RSR value higher.
  • The Reserve mobile payment app will launch in Venezuela as it’s a great testing ground.
  • There is a lot of buzz in social media circles building on the narrative around what Reserve Protocol is doing and the penultimate goal of fixing a broken financial system.  RSR holders are reaping big. ROI of alone 2.14X against the USD, 2.71X relative to ETH and 1.72X versus BTC, is a testament to this.

Long Term Value Catalysts

  • The launch of Reserve mobile payment app is on schedule, and set for Q3 2019. However, the team has also decided to launch the Reserve Stablecoin (RSV) ahead of schedule. That means RSV will be availed to users ahead of RSD, and that is overwhelmingly bullish for the project in the medium to long term.
  • Notably, the project is backed by leading cryptocurrency funds including the likes of Coinbase Ventures, serial investors Peter Thiel and Sam Altman of YCombinator. As a value investor, the involvement of these influencers and known cryptocurrency funds is a big plus!
  • The team is exceptionally talented. The core team is made up of talent from renowned companies as Google, IBM, Tesla, Venmo, Lockheed Martin, Harvard Law and OpenAI. They also have big connections in world’s largest businesses and universities. For example, team building has the backing of Coinbase Ventures, Peter Thiel, Sam Altman of YCombinator and several investors.
  • With all the extreme debt building up, constant debasement of the fiat currencies across the globe, and a possible crisis we expect alternatives like RSV-which will launch ahead of schedule, to be very attractive for investors.
  • Once the project is at full throttle and dominant, the RSR circulation will dependent on the amount of RSV in circulation, and the RSV velocity. The more RSV in circulation, the more valuable RSR will be. That’s not forgetting that 2-5 percent of RSV will be bought from RSR which will instead be taken out of circulation.

Enjoy #DeFi with the Best Prices across Exchanges

Peer to Peer, No KYC, Audited and Insured Smart Contracts

Enjoy #DeFi with the Best Prices across Exchanges

Peer to Peer, No KYC, Audited and Insured Smart Contracts

Introduction

There have been advancement in technology, and the world is indeed a better place. If anything, the world is now more interconnected than any other time in history. It is fluid, fast-paced and well, porous. Herein, I’m highlighting the new-age oil. I’m talking about data. From data, there has been sophistication. And the world is simply churning too much this that there has been concentration.

Data is the future, and Blockchain, as a technology, is not only making this transparent and leveling the field-depending on application, but securing this “gem” from nefarious elements. However, there is still room for more. Interoperability would enhance the ecosystem, pulling down compartmentalizing walls.

Presently, there is a data problem. Unless otherwise innovators come up with a protocol that creates an avenue for efficient use of data for machine learning purposes, there will be a technological lagoon,that will possibly stir degradation.

What is the Ocean Protocol?

Cognizant of the technical ailment, the Ocean Protocol is a decentralized data exchange that aims to unlock data with a “deterministic proofs on availability and integrity that serve as verifiable service agreements” in place. It is breaking down data silos, equalizing access to data for all.

Ocean Protocol Market Place

Operating from a time-tested Ethereum blockchain, there is now more incentive for data generators to share theirs because of an incentivizing model in place. There is also staking in place to “signal quality, reputation and ward against Sybil Attacks”.

Ocean Protocol Trustful Data Sharing

Seeking to open up the under-exploited trillion-dollar machine learning and AI ecosystem, the idea behind it is to drive relevance and quality with an objective of creating meaningful value from these large-and increasing, chunk of data while simultaneously breaking down the self-propagating cycle created by companies as Google and Facebook.

The aim of Ocean Protocol will be to drive the fourth industrial revolution-largely defined by access to actionable intelligence found at the depth of secured but accessible data crunched by iterative AI algorithms.

What Ocean Protocol Does

By strategically dipping their foot into the data market, Ocean protocol would open up the data space from a planetary level, democratize the space and eventually create a leveling source where companies-regardless of size or financial muscle, and individuals, can access data for machine learning purposes in a private, affordable and regulated manner.

Ocean Protocol Tokenized Service Layer

Ocean Protocol at its bare bones is a connection between Artificial Intelligence developers and data owners. However, instead of creating a single line source, everything is done via the blockchain in a democratized, secure and compliant manner without Gatekeepers.

Ocean Protocol Initiatives

To differentiate itself, Ocean Protocol are focusing on building an “exchange protocol” as this will strategically place them at a position where they can strike partnerships even in the face of competition.

With experience in the field, the team behind Ocean is now installing a protocol for tokenization and subsequent incentivization, rule setting and quality purposes making it easy for data owners/providers to free share quality aware that they will be compensated accordingly. Before that, these are some of their earlier initiatives:

  • COALAIP for intellectual property licensing.
  • IPDB that addresses scalability concerns. It is built on BigchainDB / IPDB technology.
  • BigchainDB is a unique high throughput database
  • Ascribe is an attribution and digital ownership platform

Team

Ocean protocol is supported by a Singaporean NGO that advocates proper data governance, openness and fosters the growth of the network while ensuring the network becomes decentralized with time.

The team is experienced in big data, blockchain, AI and data exchanges from their previous work experiences and from their business experiences. A majority are entrepreneurs, technologists and designers.

The core team has 40 members led by Bruce Pon. He is the Founder and CEO at BigchainDB, Founder of Ocean Protocol. From his LinkedIn profile he says, he was a Founder at Avantalion International Consulting between 2008 and 2013. Avantalion International Consulting mission is to build banks for the unbanked. They have helped build more than 18 banks and financial services companies across the globe in 12 years.

Ocean Protocol Team

Then there is Daryl Arnold, who describes himself as an entrepreneur experienced in data, marketing, technology and sustainability. He is the founder and the chairman of the Digital Commerce Intelligence (DCI). DCI provides digital commerce market performance data and insights to brands and retailers in South East Asia. This is achieved by using various digital data sources and a proprietary data analysis algorithm to estimate digital sales down to SKU level.

Ocean Protocol Team

Then there is Trent McConaghy, Don Gossen–the co-founder. Don has traveled the world “wrangling data.” He is a Data and Analytics expert with extensive global experience working on four different continents, my breadth of knowledge extends to every facet of the Data and Analytics landscape, from large scale Data Federation and Big Data projects to Digital Transformation and Advisory Services. He is currently the Executive Director of the Ocean Protocol. Before that he was the Head of Analytics and Big Data Practice at Everis UK.

Others include: Dimitri De Jonghe, Cristina Pon, Aitor Argomaniz, Irene Lopez De Vallejo, Paul Galwas and 30 more.

Advisors

In total, there are 35 advisors with “recognized expertise in AI, blockchain, big data, business and policy.” All of them were “carefully selected based on an alignment of values towards unlocking data and AI for society.”

Ocean Protocol Advisors

One of them is Meltem Demirors, the Chief Strategy Officer at CoinShares and Head of CS Treasury. Besides Ocean, she advises Future Commerce and was the Vice President of the Digital Currency Group from April 2015 to Feb 2018.

Dr. Carsten Stöcker, the CEO & Founder Spherity GmbH, is also part of the team. In his LinkedIn he describes himself as a “Technology Entrepreneur, Business and System Integration Professional with Expertise in 4th Industrial Revolution/Industry 4.0, IoT, Blockchain, Machine Learning, Cryptography, Automotive, Supply Chain, Renewable Energy, Self-sovereign Identity, Digital Twinning, Environmental and Social Impact.”

Ocean Protocol Advisors

Others mentioned include Prof. Dr. Sebastian Gajek, the co-founder and CTO of Weeve, Adam Drake, the CEO of Atazzo, Chris Ballinger the CEO & Founder MOBI and others as Franck Martins and Dr. Anastassia Lauterbach, the director of Dun & Bradstreet.

Roadmap

The Ocean Protocol Ocean Token seed distribution was created in Nov 2017.

Ocean Protocol Roadmap

In that time, they also created the Marketplace Framework. This was followed up whitepaper publishing in Feb 2018 and a pre-launch in March of the same year. Then, they activated community and built up the team, announced partnership with IBM Watson AI XPRIZE and launched an advisor and bounty program.

In Q3 2018, the introduced Plankton wherein Pleuston, a proof-of-concept data marketplace was launched, an Ocean Improvement Proposal introduced and the Spree test network created.

Ocean Protocol Roadmap

Thus far, the Pacific Network, Ocean’s PoA Mainnet, has been launched and there is even a Token Bridge between the Ethereum Mainnet and PoA network.

Ocean Protocol Roadmap

That’s on top of the Commons Marketplace update, powering of the Project Manta Ray, a data science workflow and on-boarding more partners and completing the development and documentation of Ocean network components.

Ocean Protocol Roadmap

Partnerships

In upcoming versions, Ocean plans to introduce Bounties on-chain, roll out a beta version of Compute to the Data on cloud providers, begin the registration of Compute Services and set the conditions, terms of service of their cryptographic proofs and many more.

Ocean Protocol Partners

To iterate on the underlying protocol, Ocean has partnerships with leading companies including Unilever, Rochi, Messari, DCI, Couger, Mobi, xPrize, Fitchain and more.

Ocean Token Distribution

Powering the Ocean’s protocol, and converting disparate data into actionable intelligence is the OCEAN ERC-20 compliant, utility token.

In total there are 1.41 billion OCEAN tokens. Within this ecosystem, the token is more like a crypto asset securing the network and incentivizing data providers. Employing the Proof-of-Service protocol, Ocean is a decentralization orchestration that will flourish as an inter-service network.

Because quality and provenance are paramount, Ocean employs three verification methods: human, software, and economic, with precautions to fully emit tokens when the network is completely permissionless, or within the first five years, or whichever comes first.

Ocean’s first round of crowd funding came to an end in Q1 2019. However, they didn’t reach their target after raising $1.85 million from more than 350 contributors on CoinList. The IEO ended on March 19, and each token sold for €0.22. In total there was 32 million OCEAN Tokens available for the public meaning the hard cap was placed at $8 million.

Details of the Bittrex International IEO

The second IEO at Bittrex International was scheduled for April 30, 2019 whereby 4 percent or 56.4 million OCEAN Tokens of the total supply was set aside for contributors. Each token was sold at $0.12 with an individual cap of $5,000 and BTC being the only accepted coin.

In this IEO, the network reward was reduced from 60 to 51 percent while increasing the token from Acquirors from 15-24 percent. The founding team was allocated 20 percent while the Foundation got 5 percent of the total supply.

Ocean Protocol Bittrex IEO

Besides, the circulating supply was reset to 314.1 million or 22.3 percent at the beginning of this IEO. Notably, and as dictated by the Ocean Token emission curve, the inflation of the token in the first year will be 63 percent since “Acquirors, the Foundation and the founding teams” would receive allotment of their tokens.

Ocean Protocol Inflation

Thereafter, beginning from Q3 2022, the majority of Ocean tokens will be from Network rewards which are programmatically set with a 10-year half-life. That means that it will be until mid-2031 before 50 percent of network rewards is emitted.

Ocean Protocol Token Allocation

Learning from their misjudgment, The Bittrex International IEO was an overwhelming success. Targeting $31.6 million, the team raised $30.650 which is 97 percent of their hard cap. The IEO ended on May 3, 2019 and on the same day listed at Bittrex. It opened at 0.3x in USD terms from the IEO price.

ROI and Market Data

Presently, the token is trading at $0.033174 at leading exchanges. At that rate, OCEAN is up 55, 54 and 33 percent against USD, BTC and ETH respectively in the last week from a market cap of $9,299,339 derived from a daily trading volume of $4,634,905 or 139,731,498 OCEAN.

Ocean Protocol Market Performance

There are 280,675,148 OCEAN tokens in circulation. It’s all-time high was registered on May 27, 2019 when prices peaked at $0.04733822. However, given the market condition and despite the bullish outlook, the token is down 32 percent from its ATH.

Ocean Protocol Market Performance

Besides, at spot prices, it is 0.27x against USD, 0.22x versus ETH and dismal at 0.15x relative to BTC compared to Bittrex’s international ICO pricing.

Short-Term Catalysts

Data, as aforementioned, is the new gold. And Ocean protocol is well positioned to streamline the industry by creating a platform where data providers and users can securely mingle, drawing mutual benefits from their association. With funds, Ocean protocol is active in their development.

The objective, as lined up in their homepage, will be to “unlock data for AI”, by breaking down existing silos and democratize data availability. As it is, Ocean token is under-valued if statistics is anything to go by.

Presently, it may be trading lower from their ICO listing price but fundamental factors point to a bright future. Note that by 2016, the world produced 16ZB of data, but a mere 1 percent of that was processed.

Now that they are funded and there is a well-defined roadmap in place, Ocean is right on track to explore big data, fast-track AI development by processing the 99 percent of untapped data and building a reliable market place where data can be shared thereby creating value for early adopters. 

By Q1 2020, for example, there will be a beta version of compute to the data on cloud providers with staking capabilities. Further, around that time, not only would they have registered new asset types but Ocean would have been listed by Binance DEX.

The final version, whose data will be announced later will have a balanced governance complete with transparent process for updating protocol that balances stakeholder needs.

Long-term Catalysts

Reiterating, big data, like blockchain, is still at infancy. There is a lot to be explored, developed and enhanced.

Add that to advances in machine learning and Artificial Intelligence plus the desire to make algorithm feeds trusted and reliable, it means Ocean, built by a team that is experienced and with entrepreneurial acumen is well-placed. The final version will be fully loaded and functional meeting the needs of every trader.

Although there might be concerns about the short-term events as release of vested tokens that will push inflation through the roof, it is the emission after 2022 that is bullish for long-term holders.

Given, it will also be an opportunity for them to buy Ocean at a discount and hold them knowing that the demand for the service-and therefore the token, will edger higher, as it becomes a key player in the AI-as a data market place.

Enjoy #DeFi with the Best Prices across Exchanges

Peer to Peer, No KYC, Audited and Insured Smart Contracts

Enjoy #DeFi with the Best Prices across Exchanges

Peer to Peer, No KYC, Audited and Insured Smart Contracts

Introduction

Evidently, there is this understandable rush for compliance. Blockchain investors as well as enthusiasts don’t want to get caught on the wrong side of the law. And as regulators jostle to thoroughly understand the mechanics of blockchain, there is an obvious shift from the investment side. Increasingly, they prefer security tokens to utility tokens due to the rights conferred by the former. Security tokens are digital shares of a company that are compliant with jurisdictional law meaning investors are protected against foul play. Of the many security tokens out there, perhaps Nexo is the most visible.

Just recently, they paid out millions in dividends to token holders besides publishing a detailed report informing stake holders. Even so, it must be understood that blockchain, although being an efficient and disruptive tech, doesn’t exist in isolation. There are rules and coincidentally, security tokens are in the middle of this maze. In simple terms, a security token is a token that derives its value from an external asset. In turn that asset is subject to existing laws mostly governing securities.

The asset in question can be traded in the free markets but assuming the startup fails to comply, consequences tend to be severe, even derailing the project’s roadmap since associated penalties are usually huge. The most distinct characteristic of a security token is its ability to act as representation of share of the company’s assets, voting rights, earnings or basically anything deemed to be valuable.

In essence, security tokens are created as investments, and investors have the right to receive dividends. While there are platforms that are active in this front, Dusk Network’s advances are noteworthy.

Introducing Dusk Network

In their homepage, Dusk Network describe themselves as a “a cryptographically transparent digital ledger. A high-throughput and scalable permissionless blockchain that provides confidential proofs of ownership, compliance and funds. It satisfies global privacy requirements yet enables audits by the public and the regulator.”

Condensing this, the network is simply a privacy protocol layer from where developers can build private ZK proofs dApps thanks to their smart contracting ability.

Moreover, Dusk Network’s native currency Dusk can act as money. The security tokens generated from this platform are compliant with existing laws, are contractually audible and private.

Depending on the need of the issuer, their tokens can be enterprise or consumer grade where interested party can issue, register and trade securities in a platform that has been designed to prevent unwanted forks, power centralization and uncertain transaction finality.

The main pillars of Dusk Network are as follows:

  • There is privacy which eliminates bad actors from their ecosystem through the use of revolutionary privacy technology protecting trade secrecy and simultaneously remaining compliant with privacy data laws like Europe’s GDPR. Some of these privacy technologies include the use of Garlic routing, secure tunnel switching-which secures communication, and Segregated Byzantine Agreement (SBA) meaning computational requirement is low.
  • A privacy-centric blockchain inculcating Confidential Security Contracts (XSC). Because of this, there is trust and resilience. Indeed, Dusk Network is the first blockchain that is specifically designed for the regulated markets. Through XSC, participants-that can be businesses or investors, can share real-time rich registry.
  • Business continuity since all supported data, saved on the blockchain are validated and secured cryptographically by nodes that are evenly distributed across the globe. Dusk Network does this while remaining resilience, bulletproof and above all reliable.

Team

The Dusk Network core team is diverse and experienced with valuable years at Amazon, TomTom, Mozilla and background where the majority worked in blockchain development. Consisting of developers and members of the business community, the team is overly determined to make the project as successful as possible.

Emanuele Francioni is the Project and Tech Lead. He is a certified SCRUM master. Meanwhile, Fulvio Venturelli is the Lead Researcher & DevOps while Dmitry Khovratovich is the lead cryptographer. During his time at the University of Luxembourg and “Amis de l’Université”, he was honored and received the Best PhD Thesis and the Best Paper Award during the Program Committee of ASIACRYPT 2010 conference in December 2010. Then there is Matteo Ferretti, the Lead VM Architect, Jules De Smit and 10 other members.

On the advisory end, James Roy Poulter, Aylon Morley, Gary Quin, the Senior Advisor of Credit Suisse and Marcel Roelants the advisor at BitPay are involved. There are four other advisors including Nicolas CIMON and   Ivan Poon, the co-founder of Switcheo & Payboy.

Partners

In an intertwined ecosystem, the Dusk Network has already forged partners with exchanges, associations and individual companies.

Aside from listing in Binance and Binance DEX, and being a member of the Binance Info Transparency initiative, the Dusk Network has a working partnership with Bitfinex and Ethfinex. It is also a member of the BlockVenture Coalition which describes itself as the “largest alliance of university blockchain groups & venture capital funds.” Being a member, they add, brings forth the chance to “collaborate with blockchain groups, gain visibility with VC funds, build relationships with top exchanges, connect with industry leaders.”

Dusk Network also works with The Reserve, an institution “Governed by ethics, an ethos of doing right, a mandate to make a positive impact and an institution 100% pledged to the world,” WatsonLaw whose objective is to build a “framework for growth” and Infloat that has a presence in eight countries.

Other partners include Ethfinex, Switcheo that paves the way for secure, multichain trading experience, Bittrex International, Web3 Ventures and LiteBit.

Details of Dusk Network (dusk)

The creators of Dusk Network reiterate that a thriving economy can’t simply be created out of scratch but rather it emerges from underneath the technology. Dusk Network is therefore an expression of this technology.

With a pre-defined set of methodologies, principles and rules, the network rewards good players and punish those with bad intentions. Powering the ecosystem is the Dusk security token.

Native to platform, Dusk acts as money that is used to operate the platform’s functionalities as Dusk transactions or XSC-based securities. The token is easy to use, compatible and therefore used for rewarding stakeholders and paying dividends.

Typical of any public blockchain, every transaction within the Dusk Network attracts a network fee which is then used to sustain the operations of the platform and the fees are levied on both Dusk transactions and XBC-based securities. Besides, there is a one-time fee levied for a Confidential Security Contract that is published on the network. This is for incentivizing stake holders who processed the information.

About Dusk Token

Dusk is an BEP2 and ERC-20 token that is currently operating from a platform in test phase. In their crowd funding, 50 percent of the 500 million Dusk tokens were available for public investment. Each token can be swapped for other XSC-based tokens through atomic swaps. However, Dusk tokens can be staked and through them, users can participate in striking consensus. Besides, like ETH, it is used for paying gas when deploying dApps and emitted through block validation where a portion of these tokens will be channeled towards a development fund.

40 percent was dispersed as ERC-20 tokens and 10 percent as BEP2 tokens. Both tokens were vested and there is a linear vesting contract in place that will end on Nov 30, 2019 for ordinary investors. Otherwise, there has been an extension of the vesting period for big players.

About Dusk Network ICO

The Dusk crowd funding was a success.  Then the project raised $8,075,557.00, which was more than 4X of the soft cap of $2 million and $6.4 million short of the hard cap of $14.4 million. During the ICO–which was done from Aug 1 to Nov 30, 2018, each token was available at $0.0404.  Only BTC, ETH, USDT and Euro were the accepted currencies but investors from Yemen, North Korea, US, Canada and several countries were barred from participating.

There was yet another IEO carried out between Oct to Nov 2018 where each token was available at $0.0576, raising an additional $1.33 million.

Tokens were distributed as follows:

  • 50 percent for private investors
  • 18.1 percent for development
  • 11.8 percent for exchange partnering and ecosystem development
  • 7.3 percent for marketing and PR
  • 6.4 percent for the team
  • 6.4 percent for Advisors

Market Cap, Trading Volumes and ROI

Presently, Dusk has a market cap of $13,997,723 from a circulating supply of 102,941,176 attracting daily trading volumes of $2,274,283 with a daily trading range oscillating between $0.124536 and $0.137813.

Dusk is on average trading at $0.13 and supported by several exchanges.  Majority of trading stems from Binance where it is paired against ETH, BTC, BNB and stablecoins as PAX and USDC.

The token is also traded at Hotbit and Bittrex where it is paired against BTC, and Switcheo where traders can liquidate their ETH for Dusk. So far, Dusk is in the top 250 as per market cap ranking. Further, from ETH scan there are 13,876 unique addresses that have so far generated 30,800 transfers.

Token distribution reveals a little bit of centralization as one address holds 52 percent (or 264,069,328 dusk tokens) of the total token supply.

The ROI of Dusk in USD terms from the ICO and IEO is 3.35X and 2.35X respectively.

Short Term Catalyst

There is evolution, and the team proudly acknowledges that development from inception has been remarkable. Not only are they working on improving their technology’s primitives as they work from the ground-up but they recently released a second white paper detailing advancement made.

Some security features from their years of research include Private Proof-of-Stake protocol, a Permission-less Proof-of-Stake protocol with statistical finality guarantees, a Quasi-Turing-complete Virtual Machine with zero-knowledge proof capacity and a Confidentiality-preserving account-based transaction model.

All these developments were rolled out while the network remains as open source and private as possible. Understandably, their objective is based on privacy and platform from where institutions or retail consumers can launch smart contracts controlling digital assets and securities.

Although the project is in test net, it has already listed at leading exchanges as Binance and Binance DEX, Bittrex, Bitfinex from where it crowdfunded during the IEO. Overly, that means Dusk is liquid and on a true path of eliminating technical barriers, hindering mainstream issuance and trading of regulated digital products.

Already, the daily trading volumes of Dusk token exceed $2.2 million and with an ambitious path, it only means that institutions seeking to invest on blockchain startups whose tokens or dApps are regulated and compliant with the existing laws would find it easy to settle on the Dusk Network. Investing on any STO based on the XSC smart contracts mean payment in Dusk.

Consequently, the more the demand, the higher the value of Dusk tokens. Ideally, if Dusk network goes mainstream triggering a network effect, Dusk as a native currency of the platform will benefit and it’s only safe to say that the trajectory of its value will be northwards.

On that route-and desirous of becoming the Ethereum of Security token offerings, BWRE, the Maltese real estate firm will be the first to tokenize their asset and hold their STO on the Dusk Network. 

The objective of the STO will be to raise $24 million. Dusk Network will receive the assistance of iFinex, the parent company of both Bitfinex and Ethfinex.

Commenting on the announcement, Dusk Network’s business lead Jelle Pol said:

“We are extremely keen to showcase what Dusk Network can do as a layer 0, and really see working together with parties like BWRE as a great kickstart to our ecosystem. We cannot wait to see more platforms use Dusk as an underlying protocol.’’

Long term Catalysts

Given, an STO as an alternative to fraud-and-scam ridden ICO is a viable option for companies searching for the much-needed liquidity. The Dusk Network is readily providing them with a platform where investors can draw benefits-not just utility, from the ownership of the company’s tokens.

Note that in line with their goal of providing privacy and concurrently adhering to regulator’s requirements, Dusk Network complies with AML and KYC regulations meaning there is an element of whitelisting, privacy compliance, management of contractual restrictions and adequate support for clients whenever transactions fail.

Regardless, with the ground work required for perfect streamlining and sensitizing the investor space that there is indeed a window for investing in blockchain startups without the risks of being defrauded, the platform has a lot to prove itself.

All the same, Dusk is getting their infrastructure ready. If everything goes as planned then 2020 could be a great year for the yet-to-be exploited STO landscape. That means Dusk as a native currency for the STO ecosystem is at a pole position, strategically placed in a maturing sphere.

Enjoy #DeFi with the Best Prices across Exchanges

Peer to Peer, No KYC, Audited and Insured Smart Contracts

Enjoy #DeFi with the Best Prices across Exchanges

Peer to Peer, No KYC, Audited and Insured Smart Contracts

For bag holders, 2018 was torrid. Events of last year slashed participation, shaking out speculators. Bad in that some projects folded, it was good because it tempered the burgeoning and volatile market. Weeding the market from speculators, analysts reckon, was a good thing for blockchain and the cryptocurrency market.

However, with the falling prices of 2018, dubbed the crypto winter, there was opportunity for true believers. Unmoved by swinging asset prices, the majority drum for complete crypto adoption and even the excising of fiat from the crypto ecosystem.

Indeed, adoption continues to be a paint point. Presently, the bursting of expectation in 2018 added perspective. The recovery of prices in H1 2019 is a ray of hope that in one way or another will be catalyze development towards the overarching goal. Promised, the journey of inverting the status quo will be long and rugged.  Of the many startups paving the road to this ideal world is DigitalBits.

What is DigitalBits?

Put simply, this project seeks to unlock value in the pockets of millions as per their official Twitter description. To achieve that, they are tokenizing pre-existing digital assets in consumer applications. Condensed, DigitalBits is a blockchain for brands. How is this? Well, they do this by integrating with consumer brands and in doing so, they effectively shorten the gap for blockchain’s adoption.

Evidence reveals that there is demand for immutability, decentralization, transparency and efficiency presented by blockchain. As such, to avail these benefits to the masses, DigitalBits is first tapping into the pre-existing market with vast user cases through mass marketing.

Thereafter, they would learn the market’s behavior before transforming the same by enhancing the functionality of certain asset classes. After all this is done and dusted, the last step would be to co-exist with the consumer apps that are in the “pockets of millions.”

Why DigitalBits

Clearly, DigitalBits goal is to break to the mainstream through existing brands. To that end, Digital Bits is an enterprise grade platform specifically built to support brand currencies.

The platform is a third generation protocol that forked off the Stellar. Driving for efficiency and effectiveness, the team is aware that blockchain, albeit its revolutionary characteristics would useless if there are no users.

As such, DigitalBits is complementing learned behaviors and patterns while concurrently being pro-users. DigitalBits strikes a sweet spot necessary to effect change by allowing in-app integration all this while minimizing the change to user’s learned behaviors.

Further, DigitalBits will serve as a primary use case for Metalyfe marketplace, introducing blockchain browsing and one-click pay thereby bringing back control to the end user. Additionally, by understanding and syncing with the recent trends of a cashless society, DigitalBits is exploring a Card-Based Payment Solutions cognizant of the advantages over traditional payment systems and those which end users will draw benefits from.

Other differentiating features include an inbuilt a multi-hop DEX-solving liquidity, portability and transferability of digital assets, a network trust management system that is compliant to KYC and AML, a Token Name Certification Service (TNCS)-for validation and authentication of asset providers, and a scalable, high throughput platform with multi-asset support.

Team

The team behind this ambitious user-centric project is led by Al Burgio, the CEO and Founder. Michael Luckhoo is the VP Operations, Thomas Madej the director of DevOps and Rajiv Naidoo, the Head of Community & Research.

Advising the team is Julie Lyle, the former CMO of Walmart, Matthew Roszak, the co-founder of Bloq, Toni Lane Casserly, the Co-Founder of CoinTelegraph, Lars Rensing, the Co-Founder and CFO at ARK, Paul Gampe, the Former Vice President at Red Hat, Don Sheluga, the Director of Loyalty Operations at Hertz, David Holland, the Former SVP Treasury at Cisco, Geoffrey Kent, the Former VP of Product Partner-ships at Points.com and four others including Michael Morris, the co-founder of Slide.

Roadmap

Roughly two years after forking from Stellar in Q3 217, development has been steady. After launching the XDB explorer, launching the DigitalBits mainnet, the XDB wallet and portal and partnering with Cogeco Peer, the platform now has only find users but has been covered by leading publications including Bloomberg and Forbes.

In Q3 2018 for example, the CEO had an interview with Larry King where Charles Hoskinson of Cardano was also part of the panel. Overly, despite asset prices sliding in 2018, it was a fruitful year for DigitalBits. They hosted the DigitalLive Conference in Q4 2018, partnered with Metalyfe, and in Q1 2019 released their mobile wallets.

In Q3 2019, they released DevOp tools consisting of developer toolkits and containers, pre-launched the Token Name Certification Service and integrated a payment gateway within the same period. In Q4 2019, DigitalBits plan to expand into new industry categories, pre-launch an algo-pool before officially launching the TNCS and testing their algorithmic pool in Q1 2019.

Partnership

Evidently, DigitalBits objective of driving blockchain adoption is bearing dividends. Aside from mentions in NASDAQ, Forbes and Bloomberg, DigitalBits has struck deals with several companies and platforms including Metalyfe where they integrated their blockchain browser, bringing back ownership to the end user, not to harvesting companies.

According to DigitalBits, “Metalyfe, a full web 3.0 enabled browser, aims to be the go-to access layer for dApps, and a portal for housing and monetizing data that current browsers collect on behalf of third parties.”

In Feb 2019, they partnered with Zagg protocol to “bring best of breed end-to-end blockchain solutions for enterprises to offer superior loyalty programs to their customers that can drive better customer engagement & satisfaction.”

Other partners are LOBSTR, a leading wallet provider in the Stellar ecosystem, and the North American Enterprise Consulting firm.

Early Funders include Mathew Roszak of Bloq, Richard Rofe’ of Arcadia Crypto Ventures, Lars Rensing of Ark Token, James Lowry of Storj Token among others.

DigitalBits (XDB) Token and Fund Distribution

Given the friction present in the billion dollar loyalty and reward points industry, the platform will find use in this digital asset category. With the capacity to tokenize and provide liquidity for digital assets, DigitalBits through its token will be resolving frictions faced by both producers and consumers in the loyalty and reward points industry.

Overly, the platform’s native ERC-20 utility currency, the XDB, serve three main functions:

  • It protects the network thanks to staking. Each account holder is required to stake 10 XDB for authenticity purposes and to enable the send function within the network.
  • Acts a bridge allowing cross chain transactions.
  • Used for fast and low cost on chain transactions. Applicable transaction fee is 100 nibbs or 0.00001 XDB. Low, the purpose of this is to deter determined elements keen on spamming the network.

In total there are 100 billion XDB. Out of that 32 percent has been set aside for investors, 40 percent restricted for algo pool, 2.5 percent for advisors, 12.5 percent for the team, 3 percent for bounty and air drops, 5 percent for partnership developments and 5 percent set aside for Research and Grants.

Their ICO was conducted from Dec 30, 2018 to April 15, 2019. During their pre-ICO, each XDB was available at 0.00003 ETH but that figure rose to 0.0029 USD during the main ICO. Only ETH and BTC were accepted. The amount raised is yet to be made public.

However, it should be noted that committed funding from prior rounds was $2 million. Consequently, tokens nested will be released over a one year period between 2020 and 2021, adding 2 billion more XDB tokens into the circulating supply. Most notably, XDB has no inflation, perhaps the main differentiator between the platform and Stellar’s coin, XLM.

Of the funds raised, 60 percent of the total has been split equally between marketing and business development. 10 percent will be funneled for research, another 10 percent is meant to cover legal and advisory costs while 20 percent will cover Administration and operations cost.

XDB Circulating Supply and Supporting Exchanges

As of writing, the token has a circulating supply of 185,055,555 XDB with a market cap of $2,594,254 and daily trading volumes of $18,756.19.

Trading at $0.01401878, it is up 8.1 and 5.2 percent in the last day and week respectively, but down 3.6 percent from its all-time highs of $0.01463224 reached on Aug 19, 2019.

The only exchange that supports XDB trading is Idex, where the token is paired against ETH, attracting a spread of 0.13 percent. At spot rates, XDB has a ICO ROI of 5.03 against the USD.

Short term catalysts

Interesting: Some very respected crypto funds and companies like Pantera Capital, Bloq and Blocktower Capital are invested in DigitalBits and ususally these parties are involved for a reason.

This is also matching strong rumors of a huge and very known company adopting DigitalBits tech for millions of customers. Also in the
DigitalBits Roadmap it’s clear that a major company started testing DigitalBits tech and this partnership announcement will be released in 2019. It seems that many important investors seem to value this and we think this might be very interesting to keep an eye on!

Overly, DigitalBits seeks to build a global token economy where value can be sent seamless and cheaply. Making this possible is a dedicated and an experienced team that is keen to see its implementation.

For investors to find value for money, the token must be valuable in a way. Already, the lack of inflation is a real catalyst that could pump prices in the short to medium term. However, with the planned release of over 2 billion XDB between 2020 and 2021, the resulting supply could dampen bullish expectations.

Regardless, the team has been strategic and the team’s first objective is to eliminate the friction in the loyalty points and rewards industry. With an incredible technology and a focus on offering solution in a multi-billion dollar industry, XDB’s value lies in their drive for cheap payment and remittance, app integration, tokenization and trading assets via a TNCS planned for testing in Q1 2019.

In the US alone, the market is estimated to be worth $48 billion but is centralized, illiquid, exists in silos, and generally, the user experience is frustrating. Determined, XDB could draw benefits more so if there is there is a partnership with Flexa, one of the best crypto companies around. After all, both are advised by former executives of Walmart.

XDB investors can trade the token at Idex even though the project completed their ICO barely four months ago. Evidence reveals that their resolve will see the project expand as the resolve a major paint point in the loyalty point and rewards industry, a multi-billion sector as aforementioned.

If investors sense opportunity, leverage it as DigitalBits simultaneously draw more partners, get more media mentions, then it will only be a matter of time before they get integrated at leading exchanges. Such will improve XDB’s liquidity and that is massive for XDB investors.

Long term Catalysts

The Loyalty points and Rewards sector is only one of the many industries where blockchain can improve efficiency and introduce many more benefits for the user. As per DigitalBits roadmap, their aim is to expand to other industries from 2020 of which gamers and the gaming industry are well positioned to be the main beneficiaries.

That means striking more partnerships and ultimately driving blockchain adoption in line with their objectives. Since XDB has no inflation and daily trading volumes is $18,756.19 at Idex, the more partnerships, the more XDB’s demand increase and that will counter the supply spike of 2020-21.

Enjoy #DeFi with the Best Prices across Exchanges

Peer to Peer, No KYC, Audited and Insured Smart Contracts