Posts

The quest for financial freedom and privacy advised the formation of Bitcoin. Bitcoin proved that a solution did exist that rid the middleman.

But though the intermediary had been eliminated, the community found that Bitcoin simply wasn’t enough. 

There had to be a solution that blew open the set of limited possibilities. That is when Vitalik Buterin and five other co-founders conceived the idea of Ethereum. 

Through Ethereum there is smart contracting and tokenization. Real-world, tangible assets—or intangible services, could be packed and sold to investors allowing fractional ownership. There are also decentralized applications (dApps) which introduced resilience and censorship resistance. 

However, Ethereum is now dominant in a new form of finance. Open or decentralized finance simply known as DeFi is democratizing banking and enabling the owner of assets to lend or borrow assets.

The Growth of DeFi

In reality, DeFi is all-encompassing and describes financial applications that are domiciled in Ethereum. Still, that doesn’t mean exchanges or blockchain agnostic lending, exchanges, or borrowing platforms aren’t DeFi.

According to DeFi Pulse, there are over $1.5 billion worth of ETH locked by DeFi dApps. A closer look shows that DeFi is a broad term that describes a financial software of some sort, built on a blockchain platform that can be pieced together like money Legos.

Essentially, it is a system that is open to everyone, is trustless, and eliminates the middleman. Owners of coins can simply plug in and earn above-average interest rates or borrow funds with his/her assets as collateral. 

Cryptography introduces privacy while the underlying blockchain tags security and resilience. With smart contracts, the user has control over their finances and that’s exactly why, supporters argue, DeFi is simply getting started.

Several projects are already looking to provide irresistible services to end-user, a standout is Plutus DeFi.

What is Plutus DeFi?

Plutus DeFi is a DeFi aggregator that plugs in multiple products and financial dApps into one single platform. 

It is here where a user can at a single search discover the best lending rates for different assets. 

Plutus DeFi Homepage

For better absorption, their present focus is on improving user experience, design, privacy, and anonymity.

The team at Plutus DeFi wanted to create a system that brings together different protocols. By unifying these systems simply by standardizing communication between them enabling seamless creation and execution of complex financial transactions, Plutus DeFi aims to be at the center of it all for the benefit of the casual DeFi investor searching for the best deals.

They started as a DeFi Lending aggregator but have rapidly developed, rolling out a full-stack DeFi aggregator that includes ETH mixers—(PlutusDeFi “Bl3nd3r”) —for anonymity, while integrating several privacy protocols like ZKDAI and Aztec Protocols. 

They also support buying insurance via third parties such as Nexus Mutual for deposits on lending, mobile money credits to DeFi Lending in Africa, all while remaining decentralized and non-custodial. 

Special, in case of a black swan event, the user is covered as there is insurance payable via a syndicated pool. Deposits from MetaMask are allocated in a Decentralized Lending Pool (DLP) smart contract. Its code is public and has been satisfactorily audited. 

Plutus DeFi currently supports Compound and DydX. However, they will in the future integrate Fulcrum, PlutusDeFi, Synthetix, and Curve.

Specifically, Plutus DeFi wants to drive DeFi adoption for enterprises. Towards that end, they have developed a Fiat to Crypto Savings Bridge, DeFi Debit Cards, DeFi-as-a-Service (SDK) for Exchanges, and other attractive products for the benefit of the ecosystem.

The only time fees are charged is during withdrawal. This is when a static fee of 0.5 percent is levied. This is aside from the network fees charged for using the network.

The Plutus DeFi ecosystem comprises:

  • A Lending and Earning solution that lets a digital asset holder earn up-to 15 percent APR on supported digital assets.
  • A payment and payroll solution where businesses or individuals can distribute tokens to contracts or business from a click of a button.
  • Derivatives platform where a user can execute and utilize DeFi derivatives, and hedge or manage risks transparently.
  • A non-custodial DeFi-as-a-Service platform that integrates smart contracts, wallets, and exchanges. 

The Team

Core members are:

Arnie Hill is the Head of Strategy and Marketing. He also doubles up as the founder. He is the Partner of Obsidian Capital and has invested in 31 blockchain companies. 

Ali Hararwala is the co-founder and head of product and operations. He has worked in several companies including Citibank, Oracle, Nissan, Publicis, GoldMoney, Louis Dreyfus, and NHS.

Paresh Masani is the CTO and Head of Technology. He is an experienced senior engineer with a demonstrated history of leading and developing complex projects.

Advisors

Plutus DeFi Advisors

Toby Lewis is the Enterprise and Venture Strategy Advisor. He is the founder of Novum Insights and Global Corporate Venturing.

Dynal Patel is the advisor of the Product and is the Senior Product Manager in Cardano.

Wilson Davis is the Business Advisor and the financial consultant focused on wealth management, loan generations/analysis, and systems creating client-company symbiosis.

Mehmed Ćoralić is also the Business Advisor. He is a highly analytical Global Wealth and Investment Business Support Lead with experience spanning throughout some of the world’s largest international banks.

Partners

Plutus DeFi has partnered with Nexus Mutual and Aztec. They also have a deal with Formatic Solution—a “Web3 wallet authentication solution aiming to increase the onboarding and utilization of products of blockchain.” 

On July 14, they also partnered with Sentinel dVPN to secure off-chain privacy for users. 

Plutus DeFi Tokenomics and Distribution

The platform’s ERC-20 utility token, PLT, is at the center of Plutus DeFi. It is used for alignment of objectives, general coordination, as well as for incentivization. 

Specifically, the PLT token can be utilized as follows:

  • Burning where tokens collected as network fees are burnt. In the long term, this benefits token holders.
  • Governance since PLT holders will vote for developments as platform upgrades, burn rates, and so forth. Each PLT token is counted as a vote. Anyone with over one percent of the total supply delegated to their address can propose a governance plan. All proposals are subject to a two week voting period.
  • Staking: a percentage of network fees collected will be used to compensate stakers. No nodes are required to run.
Plutus DeFi Token Details

In total, there will be 120 million PLT tokens, and distributed as below:

Plutus DeFi Token Distribution

50 million PLT tokens will be sold during the project’s Seed round. Each token will be sold at $0.01, to raise $500k. There will be a 55 percent Bridge Fee.

10 million PLT tokens will be sold during the project’s private sale. Each token will be sold at $0.05, to raise $500k. There will be no Bridge Fee.

Overly, the team plans to raise $1 million. KYC is mandatory.

The remaining 60 million PLT tokens will be distributed as follows:

  • Advisors will receive 4 percent of the total supply
  • Employees will receive 7 percent of the total supply
  • The foundation will have control of 10 percent of the total supply
  • The ecosystem and the community will receive 20 percent of the total supply
  • Five percent will go to Plutus DeFi reserve
  • Four percent is allocated for Business Development

The PLT vesting schedule will be as follows:

Plutus DeFi Token Vesting Schedule

Their ICO is the first blockchain project to implement a hybrid Bridge-Bonding Curve model. 

In this model, during the last stages of the token sale, PLT’s price will increase. The team said this model increases maximum liquidation and penalties should be triggered and imposed on a seed round. 

This drastically slashes total supply within the first month, benefiting the long term supply of the total supply.

market and price

PLT is already listed at UniSwap, Poloniex, Biki, MXC and Kucoin, according to Coingecko. However, most trading takes place at Biki where the PLT/USDT pair is listed. 


PLT is only on the market for a week and is currently trading at $0,18. It’s often seen that the first week is a down week with new projects on the market. Private investors taking profit and new investors coming in for a new round.



Short-term Catalysts

  • The team is experienced with the CEO a serial investor in the blockchain space.
  • Plutus DeFi is user friendly with a non-custodial wallet available on both desktop and mobile every day of the week. 
  • Their adoption of the hybrid Bridge-Bonding Curve model, a deflationary mechanism, could see the total supply of PLT tokens drop in the first month after the Token Generation Event (TGE). The lower the supply, the higher the prices of PLT tokens.
  • The initial supply of PLT will be dynamic, varying anywhere between nine percent and 27.7 percent depending on investor liquidation. In the worst-case scenario, 27.7 percent of the total supply will be released. 
  • Plutus DeFi is placing their tokens at the center of events as it is used for governance and staking. With a burning strategy in place, token holders should expect price gains in the coming days.

Long Term Catalysts

  • With their advocacy for privacy, anonymity, and enhanced user experience, the project is drawing high-level partners from lending apps—Compound, and from third parties. Less than a week before the end of the ICO, Sentinel dVPN became the latest addition.
  • The team prioritizes anonymity. In that direction, they will integrate privacy mixers like Tornado Cash, and their blender– PlutusDeFi ETH bl3nd3r, masking and shielding ETH transactions.
  • There are 120 million PLT tokens, 50 percent of which are delicately distributed to the team and community. 50 percent are spread out to public investors.
  • Users in Eastern Europe planning to use Plutus DeFi Debit cards must hold a minimum set amount of PLT tokens. This is a net positive for the price especially if there is an unexpected demand.
  • DeFi lending provides an alternative enabling token holders to earn above rate interest rates from their assets. Plutus DeFi is already making selection easy by aggregating and proposing platforms with high lending rates for supported assets like DAI.

Enjoy #DeFi with the Best Prices across Exchanges

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

Decentralized finance (DeFi), or open finance is more like a movement, a concept than a specific (tangible) thing. It’s an acknowledgement from the community and an expression of confidence that the traditional finance system is irreversible broken.

Technically, DeFi is term that describes a collection of blockchain-based, intermediary-free solutions reshaping banking—including lending, and the financial industry. Implementation has seen the delivery of financial services being 10X than those delivered by traditional firms.

Diverging from the intermediation and resolution of conflicts dictated by legal proceedings and high fees, DeFi settlement layer is code.

Since code is law, transactions are pre-determined and results are specifically dependent on the terms laid out by a guiding smart contract.

By porting financial services to a transparent blockchain—most of which are based in Ethereum, DeFi has democratized access to financial services enabling coin owners to borrow against their holdings or earn above rate interest rates by lending coins/stablecoins to those in need.

What is the DeFi Money Market (DMM)?

With over $1.6 billion worth of ETH locked by DeFi dApps, one promising platform that has been gaining traction over the last few months is the DeFi Money Market (DMM).

Through the platform, a registered user and owner of ETH or stable coins like USDC or DAI can earn annual yields of 6.25 percent.

Interestingly, the DMM market is backed by tokenized real-world assets which generate income greater than interest owed meaning there is baked-in over-collaterization independent on the performance and volatility of the deposited coin.

The one-year collateralization is 183 percent, and the value of all active assets stand at $8,792,879 at the time of writing.

DMM Market Explorer

DMM differentiates itself by using deposited assets (ETH, DAI, and USDC) to purchase interest generating real-world assets which are subsequently tokenized and posted on the transparent Ethereum ledger tracked by Chainlink’s oracles.

Chainlink role in the DMM DAO market

This way, users can track the asset’s performance and carry out different analysis should any form of audit be needed. Interest earned is then recycled back to the DMM DAO ecosystem where DMG can be swapped for ETH/DAI/USDC inclusive of accrued interest.

DMG Assets Characteristics

Notably, the introduction of a delegated payments on the Ethereum network means fees are payable in DMM mTokens, not ETH. Over time, and as recently observed, it has been increasingly expensive (exceeding Bitcoin) to post transactions or execute smart contracts via the Ethereum platform.

This arrangement is, therefore, a welcomed relief for traders and investors seeking value by lowering fees while still being secured by a trusted and one of the most decentralized Proof-of-Work-powered blockchain platform.

Why DMM?

Some key drawers of DMM include:

  • Stability: While the crypto world is known for its wild volatility, DMM yields are stable. This is because DMM assets are backed by tokenized income generating real-world assets effectively creating a bridge linking traditional finance with the crypto world. For savvy investors, the prospect of stability should be the main drawer since it allows him/her to make decisions and based on this prediction—based on stability, earned yield can be used to supplement income.
  • There is an element of trust since there is stability due to the linking of yields to the performance of DMM assets which generate income. Most importantly, these assets are tokenized meaning they are transparently viewable from a distributed layer.
  • There is over-collaterization since income generated by backing real-world assets are usually more than the projected, stable annual yields. Besides, the value of these assets (ETH, USDC, and DAI) are usually higher than the amount of issued ERC-20 compliant DMM mTokens.
  • The DMM Foundation’s partnership with Chainlink—a decentralized blockchain-agnostic oracles platform. The deal adds another layer of security to the ecosystem by writing essential on-chain that details the overall health status of DMM. As per their whitepaper, the goal of Chainlink is to “reliably and securely take information on the assets that back the DMM Ecosystem, and publicize them on-chain.” This way “Chainlink will accurately and transparently portray the health and collateralization of the DMM ecosystem as well as inject the necessary information for ecosystem participants to know how their crypto is being allocated to generate interest.
  • There is flexibility as interest earned by a DMM holder is accumulated per block. As such a holder can enter and exit the DMMA with no time restrictions.

Team

DMG Team

Behind the DMM Foundation is a seasoned team of experts drawn from academia, Legal and regulatory, compliance, Fintech, and DeFi.

Gregory Keough is a seasoned global executive and entrepreneur with 25+ years’ global experience and impressive track record of digital innovation in both large enterprises (MasterCard, Telefonica, and others) as well as startups. He is the CEO and Founder.

Derek Acree has over 20 years of experience in corporate and business law. He also has extensive experience in mergers and acquisitions and joint ventures in a broad range of industry sectors, in both cross-border and domestic transactions.

Corey Caplan is an experienced entrepreneur with a demonstrated history of working in the software-as-a-service, consulting, and cryptocurrency industries.

Others include: Adam Knuckey, Zachary Rynes, and advisor Matthew Finestone.

DMG Investors

Early investors of DMM include legendary investor, one of the early adopters of Bitcoin, and seasoned VC, Tim Draper. Others are Stephen McKeon, Alon Goren, and Josef Holm.

Partners

DMM Partners

DMM has partnered with Huobi, Chainlink, Draper Venture Network, Coinbase, Binance-backed Trust Wallet, Loopring, just to name a few.

DMG Tokenomics and Distribution

DMG is an Ethereum-based ERC-20 compliant utility token and a fork of Compound’s COMP governance token. There are 250 million DMG tokens in total supply of which slightly over 25 million are in circulation.

DMG will be a tool, a sort of glue, of managing and growing the DMM DAO ecosystem. Holders of DMG can vote for changes, effectively governing many aspects of the DMM DAO.

Specifically, they will decide which types of assets will be introduced and state their allocation. Meanwhile, the decentralized community governing the DMM DAO can vote to effect changes on DMG tokenomics and utility including claiming the excess revenue generated from within the DMM ecosystem.

DMG Tokenomics and Token distribution

DMG tokens are distributed as follows:

  • 30 percent of tokens were sold to public investors through an initial decentralized exchange (DEX) offering (IDO). Each token was sold at $0.36 first at the dmg.defimoneymarket.com powered by Loopring protocol’s Dolomite, and second at mesa.eth.link, powered by the Gnosis protocol.
  • 30 percent reserved to incentivize partners, developers, and for integration with other protocols
  • 40 percent allocated to the DMM Foundation for continued development, support, and for other general purpose. This amount of locked till Nov 15, 2020, thereafter a vesting schedule will be initiated till Nov 21, 2021. Contract time-locks and vesting are designed to reduce DMG supply over time while limiting the voting power of the DMM Foundation.
DMG Token distribution

The team opted for an IDO (which is technically an IEO) so that everyone with an Ethereum address and an internet connect can participate.

Token sale started on June 22, 2020, ending two days later as the team raised $6.5 million, easily surpassing its hard cap of $2 million. Initially, the IDO was scheduled to run for a month through to July 22, 2020.

150 million of DMG tokens are vested

The private sale raised 9.3 million DMG tokens were sold. A cap of two million DMG was placed per investor. Each token was sold at $0.16

Funds Distribution

10 percent of raised funds used to bootstrap liquidity (to prevent huge slippage at DEXes). On June 22, the DMM Foundation injected more liquidity at Uniswap.

Primarily, funds will be used for protocol development, marketing, issuing grants, business development, funding loans for asset introduction, legal, reserves, and to meet miscellaneous expenses.

DMG Market Performance

DMG market performance

According to Coingecko, DMG is currently trading at $0.831623 with a market cap of $22,901,690, drawing a 24-hour trading volume of $3,512,317. There are 27,768,243 DMG tokens in circulation from a fixed total supply of 250 million.

DMG Markets

UniSwap is a dominant exchange supporting the DMG/ETH pair. The same pair is also traded at Idex and there is an USDT pair available on MXC.

At DMG spot price, its ROI is 2.3X in USD terms, less than a week after launching.

Short-Term Catalysts

  • Big announcements are expected in coming weeks and because of the popularity of DMG we expect top exchanges to list DMG. Having DMG partnered with Huobi and Coinbase team is a give away on what might come.
  • Huobi plays a big role in the DMM ecosystem for fiat-crypto gateways and liquidity.
  • There is total transparency. The circulating supply was made public on Coingecko by tracking the DMMF’s token holdings including time-locked smart contracts.
  • DMG’s demand remains high and was one of the top traded token in UniSwap. On June 25, 2020, DMG token accounted for 25 percent of UniSwap’s protocol and the team had not even deposited extra liquidity.
  • As a client-facing DeFi dApp, the team has allocated 10 percent of raised funds to boost liquidity. On June 25, 2020, the team deposited $350k of liquidity to the DMG-ETH pool on Uniswap. Dolomite’s DMG liquidity was equally boosted.
  • DMG liquidity is also being built as more exchanges continue to list the token. Idex is the latest while it has been integrated by 1inch Exchange. Through 1inch Exchange, users can swap in and out of the DMM DAO ecosystem with minimum slippage thanks to the exchange’s ability to pool liquidity from different Ethereum-based DEXes.
  • Buying token is easy. With sales executed via DEXes, all one has to do is connect via a Coinbase wallet, Trust Wallet, Portis, MetaMask, and any other supported wallet and get started without hitches.
  • Time-lock contracts and vesting will reduce supply of DMG which is a net positive for price. Meanwhile, there is checks and balances to ensure decentralization, preventing the DMM Foundation from having majority control.
  • Regardless of its sharp uptick in price and trading volumes, DMG is still a low cap token with immense value proposition that has attracted interesting investors including Draper. The token, and what its represents, is highly likely under-valued.

Long-Term Catalysts

  • DMM brings real-world assets to the Ethereum blockchain further extending DeFi use cases while remaining unique from other DeFi platforms. Interest payments are secured by a first lien of these vetted and approved income generating assets. And the more the assets (mTokens), the more the revenue.
  • Their yield is stable (6.5 percent) and backed by real-world assets that can be transparently audited. According to a Blockfyre report, the interest received by holders of DMG tokens are currently drawn from $8.5 million worth of real-worth asset majorly from pools of vehicles in the United States. Over 1,000 lien documents has so far been published. In a world of declining yields, the above rate yields is a real drawer for investors seeking for diversification. More categories of assets will be voted and added in the future.
  • The team is experienced and draw their experiences from the logistics industry, finance, banking, academia, investment world.
  • DMG has attracted top-tier partners including Chainlink—a leader in decentralized oracles, Huobi, Draper Venture Network, and even Binance-based Trust wallet. A listing at Binance will drastically re-value the token, pumping it to new highs.
  • Tim Draper has invested in the DeFi platform which goes a long way in indicating its quality.
  • Since there is a baked-in overcollaterization (physical assets generating higher yields than interest expected by clients), extra DMG tokens can be burnt/destroyed, used to grow the ecosystem, or as decided by the community depending on extra income revenue earned. This is a strong fundamental that will support DMG prices over the long haul.

Giving to a worthy cause through a donation warms the heart. Often, these acts are out of compassion, from empathy and a true desire for those in need to wrestle their way out of trouble. 

By 2017, and just 10 years after a global crisis, over $405 billion were donated by Americans towards charity. And regardless of their financial situations, it is estimated that over 73 percent of all Americans continue to contribute regardless of the Coronavirus pandemic.

 A Gallup study found that even though the number of adults who have donated to charitable organizations fell in 2019—apparently because of financial difficulties caused by the pandemic and consequent lockdowns to stem its spread, Americans continue to volunteer time and finances for poverty alleviation and other economic activities.

What if there was a different way of doing things, especially rewarding development in the open-source software community. That is, of ensuring sustainability and continuity of OSS activities that contribute towards economic development, empowerment, and even wealth creation? 

Cognizant of the fact that the total “economic activities” within a particular zone are built up of activities, a new blockchain project called the Dev Protocol now seeks to evaluate various activities that have not received proper economic evaluation to realize their autonomous distribution and sustainability via peer-to-peer (P2P) trading and incentivization through rewards. 

What is the Dev Protocol?

The Dev protocol developed on the Ethereum blockchain produces value (by introducing an aspect of profit) from otherwise free activities through a property system. 

The protocol monetizes any open-assets such as Open Source Software (OSS), Open Access, and Creative Commons by staking-technology. 

This way, say you are a software developer with a functional dApp. To generate income, all you have to do is to upload the dApp to the Dev protocol. If there are users who download your program, you will earn depending on how they use your dApp. Rewards will be based on downloads, staking period, and inflation rate on top of other variables like the total number of assets in the market, those in the Dev Protocol, and the number of mines per block. The more downloads, the more the rewards for the staker.

To make this possible, the Dev protocol has a developed marketplace with staking and a reward system, all of which are core features needed to capture and capitalize value created through activities. 

The rewards received by a user depends on the value of the property (activity). As per Dev’s description, “if staking is done on a property that a user owns, a market reward will be added based on the total value staked.”

Working towards Sustainability

Dev development team describes their project as money designed for OSS due to their vibrant token model that features a marketplace, staking, and a reward distribution system.  

Subsequently, by basing their business model on the rewarding of open assets, individual activities are enhanced and the economy revitalized. 

Created by a team based in Japan, the Dev protocol is a middle-ware that is open source and available for public scrutiny to sustain the creator’s activities. 

By fairly evaluating any activity and assigning value, even projects which are often undervalued but contributing immensely for social good like open assets or OSS can remain sustainable. This way, it is better to contribute towards Dev protocol—thanks to its sustainability, that to donating money often towards a charitable cause. 

Overly, the team aims to build a sustainable system incorporating an inflation model where eventually, the total value stake will surpass the activities of donation which have been taking place through legal tender.

To kick-start the process, initial support starts at staking. Staking, unlike the traditional method of spending money, enables a user to lockup value for a certain period to bulwark the system in exchange for rewards. 

The more and the longer one stakes, the more the rewards and it is the team’s view that staking is a more sustainable way of offering monetary support to open assets.

These are the Three Main Features of the Dev Protocol

The overall design of the Dev protocol is as follows:

  1. First, there is mining where “Proof of OSS Power” is utilized for consensus. For prove, a user must prove activity that is subsequently used as mining power. Upon the submission of this mining power, an open asset is valued and a user rewarded for activity. To date, over 1,583,327 DEV has been mined by OSS developers who in turn received over $70k as rewards.
  2. Second, there is a staking feature where supporters can earn staking rewards further enhancing the mining power of OSS developers. This feature is more like financial support from third parties where value is created for stakers as an incentive. Only through staking is the activity of a user sustainable and secured. On the other hand, users receiver value at zero real cost. Combined, this creates profit for a property—an open asset—that was initially registered for free. When a supporter locks DEV, he/she can transact within the Dev protocol. In May 2020, the team announced that it was developing a new product specifically designed for staking. It will enable users to select which projects to stake their DEV on depending on the strength of the OSS. Other than staking, there is a withdrawal option for stakers, cancellation of staking, and more.
  3. Third, underpinning governance is open-source and is automatically and continuously enhanced by the protocol’s participants. Users, upon compliance with the laid down rules, can generate new open asset markets or even propose new policies—which are updated depending on prevailing circumstances. 

The Team

Based in Japan, the Dev Protocol team is led by Hara Mayumi, the CEO at FRAME00, INC.; Hiroyuki (Tanaka) Hara—a programmer and the CTO at FRAME00; Akira Taniguchi; and Mariko M—the project’s CTO.

Notably, Mayumi has been in the valuation business since 2017 when she co-founded FRAME00.

Tokenomics and Token Distribution

DEV, which is the Dev Protocol native currency, is an ERC-20 token. 

Details about its distribution are also scarce as the team wants users to first get a gist of how their staking model works. 

Still, as a primer, this DEV is a utility token that typically has the following cycle with the Dev protocol ecosystem:

  • DEV is issued by a property owner or active participant and undergoes inflation creating value
  • A user (this can a downloader say if the property was dApp)—in exchange for utility, stakes his DEV for the active participant
  • The more the property is staked on, the more the active participant (the property owner) can issue, and the more valuable it becomes.
  • Once the staking period lapses or the user cancels his staking, the property owner withdraws his rewards and the staking amount. The amount received depends on DEV’s inflation rate—which is decided by the community. At the moment, the lock-down is 1.5 minutes but will change once more DEV is locked in their ecosystem.

Staking of DEV is the main feature in the Dev protocol as by staking his/her token, the payer receives some form of consideration by receiving utility from the property owner—or active participant, while the latter receives staking rewards accrued over the staking period. The continuous temporal lockup of DEV is what creates scarcity and therefore value. Combined this creates a sustainable environment for activity generators.

There is a minuscule figure meant for DEV staking inflation but once all tokens are staked, no more will be issued.

DEV Markets and Performance

DEV is currently listed at UniSwap, an Ethereum decentralized exchange, where it is paired against Ethereum (ETH). It is currently trading at $0.20 a pop with an estimated supply of 1,907,968. The token’s total supply is 11,848,657.

This gives DEV a market capitalization of $393,889 and a 24-hour trading volume of $8,045.87 according to data streams from Coingecko.

At this spot rate, a wrapped Bitcoin (wBTC) can rake up 44701.33 DEV.

According to Etherscan, 321 addresses have generated 4,034 transfers.

One address holds roughly 84 percent (9,940,688.32366158) of the total token supply.

Ultimately, the team plans for an Initial Exchange Offering (IEO) in the coming weeks and the objective of listing the token as UniSwap is for the Dev Protocol community to get a hint of how the staking model works. 

Later, due to market forces that would have assigned the DEV token value, the team will list the token at a partner Launchpad as they raise funds.

Short-Term Catalysts

  • The Dev Protocol is still new and introduces a very novel staking model that can significantly magnify the rewards of early participants. Approximately place a $7,500 reward from a $5,000 stake even with a 1.5-minute lock-up period.
  • DEV has a low total supply of only 11.8 million
  • The team is actively talking to different investors and venture capitalists. With roughly 1.2 million DEV tokens in circulation, it leaves only 10.6 million tokens to be split with early investors and the rest to the community.
  • The team plans to launch an IEO in due course. Depending on the reception from the OSS community and dApp developers, there is a high probability that the token will be priced higher for public investors.
  • Stakes.social—the first dApp to create a generic UI that can smoothly perform staking using Dev Protocol, has been pre-released to developers. This site will elucidate how Staking works at the Dev protocol. To get a grasp of how things work, one must have an Ethereum web browser like MetaMask. Trust and Opera Wallets for mobile (Android and iOS) are also supported. From the site, 1,580 properties are already available for staking with Find Up drawing 32 percent of the user interest. 
  • DEV is currently present at UniSwap, a decentralized exchange. However, there are plans of listing the token in other exchanges of which Binance and Binance DEX cannot be exempted as the project gains traction. Already, DEV is in the top 10 when trading pairs are ranked by volumes. This hints of underlying demand.
  • The team continues to develop and add new features to the protocol. The DIP4 prototype is about to be released. Upon rollout, users won’t need to calculate your rewards as this will be visible in real-time.

Long-Term Catalysts

  • The team plans to monetize GitHub once they release the Khaos oracle solution. The marketplace will value your contribution to GitHub and distribute rewards accordingly. GitHub was acquired by Microsoft.
  • DEV is already listed at Coingecko. For a project that is yet to raise funds, this says a lot about its quality and what the future lies for this gem.
  • More properties continue to be added. There are hints that a government project will be one of the listed properties. This alone will set the ball rolling and legitimizes the project and its intention.
  • Dev Protocol is an idea forwarded by Japanese developers. Increasingly, investors continue to be shielded by maturing legislation around ICOs/blockchain projects. Besides, with a view of sustainability and building a community—core ideals of the Japanese, odds are this project will succeed since the sense of community is entrenched in Japanese culture.
  • The Project is sponsored by Microsoft. Microsoft employs sound valuation techniques, analyzing its fundamentals and risks before delving in. This alone is a strong indicator of the project’s potential and weight. Others include Neutrino. To become a sponsor, a firm/investor must stake 100 DEV.
  • Eventually, the project will migrate ownership to a fully decentralized model, reduce GAS fees, and rollout a project called Servant which allows fees to be paid in DEV.

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

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

Introduction

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

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

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

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

What is ShareRing?

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

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

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

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

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

By using:

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

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

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

What is ShareRing and ShareToken

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

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

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

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

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

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

Team

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

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

Advisors

The team is advised by:

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

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

Partnerships

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

Other major partners include:

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

There are also more partners to be announced with time.

Tokenomics and Token distribution

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

For clarification:

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

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

In total 3 billion SHR tokens were generated.

The hard cap was placed at $38 million

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

NB:

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

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

ShareRing SHR Price Action

It’s all-time high was $0.01527456.

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

ShareRing Token Distribution

Token distribution is as follows:

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

Funds allocation is as follows:

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

Short-term Catalysts

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

Long-Term Catalysts

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

Catch Major Price Moves with MarketWizard App

Enjoy #DeFi with the Best Prices across Exchanges

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

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

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

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

What is DigitalBits?

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

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

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

Why DigitalBits

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

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

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

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

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

Team

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

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

Roadmap

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

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

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

Partnership

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

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

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

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

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

DigitalBits (XDB) Token and Fund Distribution

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

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

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

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

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

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

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

XDB Circulating Supply and Supporting Exchanges

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

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

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

Short term catalysts

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

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

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

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

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

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

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

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

Long term Catalysts

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

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

Enjoy #DeFi with the Best Prices across Exchanges

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

Enjoy #DeFi with the Best Prices across Exchanges

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

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).”

Enjoy #DeFi with the Best Prices across Exchanges

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

Enjoy #DeFi with the Best Prices across Exchanges

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

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

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

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

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

Product and Token Utility

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

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

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

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

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

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

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

Think about that for a second…

Team (rare quality)

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

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

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

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

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

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

Roadmap

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

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

Important Partnerships (for now)

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

Tokenomics

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

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

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

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

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

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

Short Term Price Catalysts

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

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

Long Term Price Catalysts

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

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

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

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

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

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

Enjoy #DeFi with the Best Prices across Exchanges

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