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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.


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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.


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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.


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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.


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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.


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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.


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The Background of Lending

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

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

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

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

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

Introducing Nexo

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

Nexo Business Model

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

Reasons for choosing Nexo

The Nexo Oracle

Nexo Oracle

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

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

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

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

Team

Nexo Team

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

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

Nexo Team

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

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

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

Roadmap

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

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

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

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

Partners

Nexo Partners and Membership

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

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

Token and Fund Distribution

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

Nexo dividend Token

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

Nexo ICO Summarized

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

Nexo Token distribution

Fund Distribution

Nexo Fund Distribution

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

ROI and NEXO Performance

Nexo ROI and Price Performance

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

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

Short term Price Catalysts

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

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

Nexo User Review

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

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

Nexo Dividends Explained

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

Long term Price Catalysts

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

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

Nexo Trillion Market

Presently, their APR is 5.9 percent per year while lenders can earn the same interest rate on stable coins as TrueUSD, one of their partner, but plans to expand that to BTC, ETH and even XRP.

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

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


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

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

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

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

What is Telcoin?

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

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

Remittance, Payment and eCommerce

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

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

As a user, Buza, attests:

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

Sentiments equally shared by Robun Decker who said:

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

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

Team

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

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

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

Partners

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

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

Token and Fund Allocation

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

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

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

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

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

Short-Term Price Catalysts

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

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

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

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

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

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

Long-term Price Catalysts

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

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

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

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

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

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


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Introduction

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

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

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

What is Elastos?

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

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

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

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

Features of Elastos (ELA)

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

Team

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

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

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

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

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

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

Roadmap

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

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

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

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

Partnership

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

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

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


Token Distribution

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

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

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

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

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

Short Term Catalysts

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

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

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

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

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


Long-Term Catalysts

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

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

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

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


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

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

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

What is the U Network?

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

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

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

Prediction Market Mechanism a Game Changer

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

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

The dApp Platform

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

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

Team

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

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

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

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

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

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

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

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

Roadmap

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

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

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

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

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

Partners

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


UUU Token and Fund Distribution

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

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

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

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

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

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

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

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

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

Short-Term Price Catalysts

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

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

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

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

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

Long-term Price Catalyst

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

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

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


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