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May 12, 2018
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Decoin Review
Are you trading in cryptocurrencies? If so, you are probably familiar with more than one cryptocurrency exchange. Like traditional exchanges, cryptocurrency exchanges make their money from various fees and commission derived from the cryptocurrencies being traded on their platform. Given the rapidly growing community of cryptocurrency enthusiasts, this is a booming business. But what if you, as a cryptocurrency trader, could make back the money it costs you to trade on the exchange?
What is DECOIN?
DECOIN is a cryptocurrency exchange platform. Like other ICOs, the DECOIN platform i based on blockchain technology, which means that it is completely decentralized and fully secure. This makes DECOIN stand out from the crowd of numerous cryptocurrency exchanges out there.
The platform allows users to trade in blockchain, on the blockchain. Talk about blockchain-ception. In addition to their blockchain-based exchange, the team behind DECOIN also aims to create a world-renowned online customer service that will help facilitate and spread the use of cryptocurrency and other projects based on blockchain technology. But the real icing on the cake is the money aspect of DECOIN.
The team describes it as a “profit sharing exchange”, which means that anyone trading on the platform will benefit from the profit the exchange makes. Regardless of what cryptocurrencies you are trading in, any fees and commission will find its way back to your pockets. Furthermore, DECOIN wants to give you an extra incentive to use their own DECOIN tokens. By holding DTEP tokens in your online wallet, users will be able to get 6.2% interest per year. All these benefits are reflected in the name the team has chosen for their project: DECOIN. According to their website, it stands for ”the coin of the people”. It is easy to see why. By sharing their profits with traders, they are in effect making users of their platform their business partners.
How does it work?
The DECOIN team have created an “open source peer to peer digital ecosystem that encompasses its own proprietary digital currency”. This currency is called DTEP, and as mentioned above, users can benefit from using DTEP tokens by making an interest. The exchange and trading platform itself is called D-TEP, and the platform is what redistributes profits to anyone holding DECOIN in their wallets. Part of these profits will also go to the D-TEP crypto index, which is called DCI for short. To ensure that everything runs smoothly, the DECOIN platform will be using a Proof of Stake (POS) blockchain protocol.
To summarize
DECOIN is an ICO that is working on the following:
- Creating an accessible, scalable, secure and commercial blockchain-based cryptocurrency exchange platform
- Share the profits derived fro transaction fees, commissions, and interest with its users
- Form an online customer service to assist users and help facilitate the trades
- Let DECOIN holders profit further by providing them with 6.2% interest per annum
- Provide users with a D-TEP credit card that will allow them to access their profits
- Let users of their platform be their business partners rather than their customers
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May 9, 2018
eCoinomic Review
One of the main criticisms that have been leveled against cryptocurrencies by the likes of Warren Buffett is that they have no intrinsic value or utility. They are essentially seen as symbols rather than assets. One of the symptoms of this lack of intrinsic value is the volatility of the cryptocurrency market.
Many coins and tokens rise and fall in value rapidly and frequently. In response to this criticism and volatility, several projects have launched asset-backed cryptocurrencies. This means that cryptocurrencies are backed by diamonds, gold, oil, or any other traditional asset that can be traded on the international market.
Still, cryptocurrencies are seen by many people outside of the crypto-community as inferior to fiat money. That makes the eCoinomic project so much more interesting, as this ICO flips the entire narrative on its head. With eCoinomic, fiat money loans are backed by cryptocurrencies as a security – not the other way around.
What is eCOINOMIC?
The team behind this ICO have taken a look at the market for secure loans and found a way to utilize blockchain technology to make it more accessible to holders of cryptocurrencies. Currently, holders of cryptocurrencies are often restricted in their ability to spend their money, as only a select few places accept tokens as legal tender. However, many financial institutions are now in the process of researching and developing their own blockchain-based platforms and services, which will ultimately make cryptocurrencies more mainstream. eCoinomic wants to capitalize on this development, by opening up the loans market to users of cryptocurrencies.
Digital assets offer a new low-risk instrument with high profitability that can be utilized by financial institutions. This new project is described as being ideal for family offices and other mortgage providers. The team behind the project have been working together since 2001 and is made up of Fintech experts who have decades of collective experience in software development.
How does it work?
The eCoinomic platform will allow holders of cryptocurrencies to find lenders of fiat money, and take a loan in fiat money by using their cryptocurrencies as a security for the loan. The loan agreement between the two parties will be using a smart contract to provide them with maximum control, transparency, and flexibility. The benefit for the loan-takers is that they can both use their cryptocurrency tokens to access fiat money, and still technically own their tokens. If the value of the tokens rises during the course of the loan period, the loan-takers will still profit. Similarly, the lenders will be able to rest assured that the fiat money they have lent out is backed by cryptocurrencies of a similar value.
The majority of the tokens (81%) sold during the ICO will be used by eCoinomic as a reserve, which will cover any disputes or accidents. On top of all these benefits, the blockchain-based platform will of course also enjoy the added benefit of operating on a decentralized network that protects the data and anonymity of its users.
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May 8, 2018
Online.io Review
Internet browsing is constantly changing, and the days of only being able to surf using Internet Explorer are over. With a multitude of browsers including Firefox, Chrome, Safari, users have a lot of choices. However, what all these browsers have in common is that they do not protect the anonymity of their users. For this reason, browsers like Opera and TOR have gained ground.
The latter two browsers still do not solve the issue of the web being clogged with incessant ads, pop-up windows, spam, malware, and spyware, all attempting to get the attention of Internet users. Whilst this ensures that advertisement companies have access to a lot of data, it lessens the experience for Internet users.
What Is Online OIO?
Online.io is a platform that wants to solve this problem and create both a better browsing experience for users and a more fair revenue stream for websites.
The platform uses blockchain technology to ensure that everything is decentralized, transparent, and scalable.
Most importantly, however, the platform will be free from malware, spyware, intrusive ads, and spammy messages. Websites will get their ad revenue paid out based on how many visitors they have, and how much the visitors engage with the website’s content.
How does it work?
Any content that is displayed by an Internet browser eats up processing power and data. Whilst some online advertisements are small and insignificant, others take up much more data than the content users are actually trying to access. This slows down the browsing experience. Online.io will bypass all of that, which will lead to a much smoother experience.
Users will also not have to worry about their data being captured and used for purposes outside of their control, as the blockchain encryption will ensure that their data is protected. A very useful feature of the Online.io platform is that users will vote websites up or down in line with their experience using it. This will lead to website ranking being more reflective of popular opinion.
This will, in turn, incentivize website operators to optimize their websites to improve the user experience. The fact that websites will be rewarded based on how much their website is visited and engaged with will also disincentivize spam websites.
Main features
The four main features Online.io prides itself on as a platform are privacy, trustworthiness, security and being ad-free. The privacy feature allows users to avoid their data being collected without their consent, which companies are currently doing to create consumer profiles.
The trustworthiness feature will come in the form of users ranking websites based on their experience, rather than the website’s SEO or other arbitrary feature.
The security feature will eliminate the presence of spam, phishing, malware, spyware, and any other malicious content, which will make browsing more secure for everyone involved.
Finally, even regular ads will be removed, which will allow for users to have a hassle-free browsing experience. These four features will ensure a safer online environment for everyone involved.
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May 7, 2018
As with mining for gold, the first one to get to the source gets the most. By now, mining for cryptocurrencies has been made a little more difficult by the fact that so many around the world are doing it. It is, however, still possible to create an income from mining cryptocurrencies if you know how it works and how to avoid some of the pitfalls.
Unlike mining for gold, mining for cryptocurrencies does not require you to invest in a pickaxe and a shovel. It does require you, however, to invest heavily in some processing power for your computer. Mining for cryptocurrencies is about solving complex mathematical problems, and that will eat up not only processing power, but also electrical power.
It takes time and research to find out how much power you need to mine how many units of a given cryptocurrency, and what kind of equipment you need to do it. Once that time and effort has been put in, however, the process is simple: leave your computer on to do the hard work, and watch the coins roll in. Here is a little guide to how you can get started.
Research the cryptocurrency space
In order to get started, you need to know what kind of cryptocurrencies are out there, and how much they are worth. A good place to start is to visit CoinMarketCap where all the known cryptocurrencies are listed. Since one of the features of cryptocurrencies is that they are limited in their supply, you will discover that mining for popular cryptocurrencies like Bitcoin is difficult.
As more coins or tokens are being mined, the mathematical problems needed to be solved become increasingly more complex. That means you will need quite a of processing power, energy and time to mine a whole Bitcoin. Finding a newer or less popular token will make mining for it easier.
Build a mining rig
Next, you will need to find out what equipment you need to mine for the cryptocurrency you have chosen. Around the web will be tutorials on how to build a mining rig, so reading some of these will give you an idea of what is involved and how much it will cost.
You will also need to know how much electricity you will need to use in order to mine for cryptocurrencies. Depending on where you are in the world, this can vary quite a lot. Once you know how much your power costs, you will need to calculate how much it will take to mine one token. Then you can see if you will be able to make a profit.
Set everything up
After you have researched the cryptocurrency market and the mining equipment, you will need to get everything ready. First, you will need the mining hardware, and then you will also need the mining software. Once this is set up, you will need a cryptocurrency wallet so you have a place to store the coins or tokens you have mined.
If this project has turned out to be too expensive for you alone, fear not. You can join a cryptocurrency mining pool, which means that you and some others pool your processing power to mine for coins together.
Let us know how you get on, and remember to share your mining experiences in the comments section below!
May 6, 2018
One of the many issues that have plagued the cryptocurrency market is how to define what a cryptocurrency is and what it should do. Ethereum is now currently being assessed legally to see if it can be considered a security.
Notable people like Warren Buffett has expressed skepticism over cryptocurrencies’ lack of intrinsic value. He considered it to be speculating, rather than investing. This notion has led some projects to consider backing the value of their cryptocurrencies with gold and oil.
Russia bets on diamonds
Siberia is full of treasures. It has large stretches of forest that can be used for wood, the many rivers and lakes are full of fish, and beneath the surface of it all lies huge natural gas reserves. Most importantly, it is also home to some of the last active diamond mines in the world. Trillions of dollars worth of treasures can be found in Siberia.
Now, all of these treasures can be tokenized and converted to cryptocurrency. A Russian investment firm called the Far East Development Fund is trialing an investment project where shares can be bought in these resources for as little as $10. These tokenized assets can then be traded on the cryptocurrency exchanges around the world.
A potential solution to volatility
This project could potentially solve one of the big problems facing many cryptocurrencies: they are incredibly volatile. The volatility is due to the fact that there is nothing backing them, and so the value fluctuates depending on market interest.
With tokens being backed by natural resources and precious stones, however, the scenario would very different. It would be like bringing back the Gold Standard, where the fiat money we are using today was backed by actual gold.
Russia is not alone in this endeavor
There are many more countries that have realized the potential of this kind of project. In Malaysia, a company called HelloGold is launching a cryptocurrency backed by gold. In Venezuela, the government has launched a cryptocurrency backed by its petroleum reserves.
The company that is issuing the token backed by Russian diamonds is itself based in Singapore. The company, Diamundi, has stated that it will have thew diamonds evaluated by a Big Four accountancy firm, and store the diamonds with Malca-Amit.
An early predictor of what is to come?
This could very well become the future of not only cryptocurrencies but currencies as we know it. People all over the world have lost much faith in the current financial institutions and system since the last crash in 2008. This faith has not been restored, and as many wages are going down and inflation keeps rising, something has got to give.
It could be this budding project. Not only would faith be restored in the financial system again, since the currencies would be backed by actual resources, but it would also give people more freedom. Freedom to choose which kind of currency they would want to deal in, depending on which resource they trust the most.
What do you think of this exciting project? Leave your comments below!
May 3, 2018
Mobile Bridge Momentum Review
The world of marketing constantly evolves, and what captures the attention of your prospective customers today might not capture it tomorrow. For a business, getting hold of people online is becoming increasingly difficult. Marketing emails end up in the trash. Ad-blockers hide most of your affiliate marketing. Social media campaigns don’t perform as well as they used to.
So how do you get the customers’ attention? You incentivise them. You make them want to be marketed to, by rewarding them for their engagement.
This is in essence what MobileBridge Momentum is about, according to their official ICO details. They claim that their platform is “a truly disruptive, rewards based marketing machine that stands to break the marketing mould”
What is MobileBridge Momentum?
Momentum is the world’s first marketing automation platform based on blockchain technology and cryptocurrency. Businesses can create personalised marketing campaigns that rewards their customers for engaging with them.
The customers can be incentivised with the Momentum Token, or a custom branded token the business launches on the Momentum platform. A business can reward their customers with tokens for a range of reasons: for purchasing their product, for promoting their brand, or for sharing their data.
For the business, this means more brand loyalty and better targeted campaigns. For the customer, it means that they will get rewarded for supporting the business. In other words, it is a win-win situation for both parties involved in the Momentum platform.
What are the limits?
The true beauty of the Momentum platform is that there are virtually no limits to how a business can utilise it. Only the imagination sets the limits with Momentum. As a business, you can design your own token, your own campaigns, and your own reward system.
The customers can then choose to spend their rewards with your business by purchasing more of your products, similar to a loyalty card in a grocery store. On the other hand, the customers can also choose to exchange their reward tokens for other cryptocurrencies.
As opposed to a grocery store loyalty card, however, the bonus points on Momentum will never go to waste. Any unused tokens can be traded in for other cryptocurrencies, gifted to friends and family, or even donated to a charity of their choice.
Summary
MobileBridge Momentum comes at a time when current marketing strategies, for a lot of businesses, are in serious need of revision. Consumers tend to be quite savvy when it comes to clocking on to how businesses try to get their attention. This means that any given marketing strategy will work for a while, after which something new has to take its place.
That new strategy could very well be MobileBridge Momentum. It takes something that is already familiar to people, such as grocery store loyalty cards and points, and utilizes the blockchain technology and cryptocurrency to move marketing into the future.
At the same time, the platform provides consumers with the assurance that they are in full control of what happens to their data, as well as how many advertisements they want to be exposed to.
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May 1, 2018
Local Coin Swap Review
By now, cryptocurrency trading is nothing new. A huge number of exchanges have popped up around the globe, with varying degrees of popularity and transparency. As more and more countries begin to take steps towards regulating the exchanges, the number will undoubtedly be whittled down.
Whilst the blockchain-based model of cryptocurrencies allows for user anonymity, improved safety and decentralization, there are a few aspects of the cryptocurrency exchanges that are reminiscent of traditional stock exchanges.
One of those is the long chain of action that needs to be taken in order to trade a coin or a token. Another one is the amount of money that is lost in the process, as various transaction fees are deducted. A third one is the risk of insider trading.
What is LocalCoinSwap?
The team behind LocalCoinSwap call their project “the most financially transparent exchange on the market.” How do they plan on accomplishing this? By putting the users of the platform in control.
The platform will be a peer-to-peer (P2P) cryptocurrency exchange, where users can match up with each other and trade directly. No more middlemen, no more excessive transaction fees, and deductions. Just one-to-one trading.
But it does not stop there. LocalCoinSwap aims to be a democratic platform, where the community can vote on any decision affecting the exchange. Furthermore, the platform will give no less than 100% of the profit it makes back to the users.
How does it work?
With hundreds of cryptocurrency exchanges around the world. any newcomer to the market would have to have some pretty convincing USPs to fly. LocalCoinSwap has a few of those.
The first USP is that it will be much cheaper than current exchanges, by cutting out the intermediaries. Users will have to facilitate the P2P trading themselves, which will inevitably make it a cheaper system.
Secondly, there will virtually no limit to what can be traded on the platform. Many existing exchanges and P2P systems are restricted by the number of cryptocurrencies that can be used and traded on them. LocalCoinSwap will support more kinds of cryptocurrencies (and fiat money) than any other platform of its kind.
Finally, there will also be ample opportunity for ICO creators to raise funds on the LocalCoinSwap platform. This will make it easier for anyone interested in an ICO to invest in new and exciting projects, using whichever cryptocurrency the prefer.
What problems are solved?
To summarise, the LocalCoinSwap project aims to solve the following problems currently facing the cryptocurrency trading community:
- Centralised exchanges make it difficult for new traders to register without giving away personal information
- Centralised exchanges are subject to various local regulations affecting traders
- Existing exchanges are limited in their capabilities when it comes to the number of cryptocurrencies facilitated
- Existing exchanges incur too many fees on traders
- Existing exchanges don’t share their profits with the users
- Existing exchanges have too much in common with traditional stock exchanges, including lack of transparency and insider trading
What do you think of P2P exchange? Leave your comments below!
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April 29, 2018
Switzerland is quickly turning into the central hub for ICOs and blockchain technology.
Four out of the ten most popular ICOs last year were based in Switzerland. Why?
The Swiss franc is one of the strongest and least volatile currencies in Europe, which stands in stark opposition to the market for cryptocurrencies.
Yet, Zurich is booming with startups utilizing blockchain technology for their innovative offerings.
MyBit is a great example of this. Although not initially based in the country, the founder Ian Worrall decided to move his operations to a lakeside town in Switzerland.
What attracted him, and other entrepreneurs with their own initial coin offerings?
The benefits of Switzerland
First of all, Switzerland is a financially stable country, in large part due to the booming banking industry.
Another pull factor is that the country has very low taxes, which is a blessing for any startup company short on funding.
Finally, Switzerland is home to some of the best universities in Europe, which means that entrepreneurs have access to a large pool of talent.
Put together, these factors provide very fertile ground for ICOs.
There are even talks of an emerging Crypto Valley in the town of Zug, not dissimilar to California’s Silicon Valley.
This is not unintentional.
As a matter of fact, the Swiss minister of economics has expressed an interest in expanding the Crypto Valley into a Crypto Nation.
This is in large part due to the fact that the banking sector in Switzerland has begun to shrink drastically.
The Swiss Bankers Association reports that the number of banks has shrunk by as much as 20% in the last ten years.
A shrinking banking sector means that the country’s economy has to draw sustenance from another source.
That source could very well be the cryptocurrency community.
The rapid growth
Crypto Valley Labs is one of the places that house a lot of blockchain startup companies.
The proprietor reports that only 15 such companies were renting their spaces at Crypto Valley Labs in early 2017.
Today, this number has skyrocketed to 100. This is an excellent indication of the growth projected by the Swiss government.
None of this was artificially constructed. The corporate tax rate in Zug, which is home to the Crypto Valley, is only 14,5%.
This is a no-brainer for any budding entrepreneur, and soon startups began popping up everywhere around town.
Not only did this mean lower employment and a rapid increase in population for the town, it also turned it into a tourist destination.
Cryptocurrency enthusiasts from around the world would visit Zug, and guided tours would be offered there.
On top of all this, the financial regulator in Switzerland, Finma, is very receptive and flexible.
The downside
All is not rosy in Switzerland, however.
Along with the low taxes comes a high cost of living, which makes scaling up a startup business difficult.
The Swiss National Bank is not too fond of the risk associated with cryptocurrencies, either.
This means that they will be reluctant to cut the eager entrepreneurs much slack when it comes to loans and interest rates.
What do you think? Are you planning on starting your own ICO? Would you do it in Switzerland? Leave your comments below!
April 28, 2018
Blockchain and cryptocurrencies have been around for what seems like forever, and yet governments around the world have only begun to pick up the ball last year.
There is still a lot of confusion surrounding blockchain and the community that is working with it, which has resulted in several political knee-jerk reactions.
More crypto-crackdowns in China
Whilst regulators in various countries have begun setting up stricter limits for ICOs, cryptocurrency exchanges, traders, and miners, there is one country that takes a much harder line than the others.
That country is the People’s Republic of China.
Not only has the government placed restrictions on ICOs, they have issued a complete blanket ban on anything related to cryptocurrencies.
Chinese citizens have expressed an incredible enthusiasm for blockchain technology and cryptocurrencies in general, but it would seem that the more interest they showed, the more restrictions the government placed on them.
A series of shutdowns
Miners of cryptocurrencies have had their computers confiscated, and this is not without reason.
Given the incredibly large coal reserves China has, the government is able to subsidize electricity for its citizens.
As anyone with knowledge of crypto-mining know, the process of mining requires a lot of energy.
Hopeful miners have attempted to capitalize on the government subsidization of their electricity, but it has been shut down.
Last year, the government banned fundraising (ICOs) related to blockchain projects, as well as some of the cryptocurrency exchanges.
Early this year, the turn came to peer-to-peer (P2P) and similar trading networks, which were shut down promptly.
Offshore exchanges were not saved either: just a month later, the government shut them down too.
The bans are not just limited to the traders and miners, however.
Even entrepreneurs looking to produce new solutions based on blockchain technology are being shut down.
Just this month, an entrepreneurial event in Shanghai was shut down by the government to prevent the spread of ideas related to the blockchain.
What these bans and shutdowns have made a lot of people consider, is that China’s government is completely hostile to blockchain technology and cryptocurrency.
This would be a wrong assumption to make.
In fact, China’s government is investing heavily in blockchain technology, and are exploring the possibilities of engaging with cryptocurrencies.
Method to the madness
The Xiong’An Global Blockchain Innovation Fund is a great example of how the Chinese government is investing in blockchain – even if doing so indirectly.
Xiong’An Global Blockchain Innovation Fund is offering as much as $1.6 billion to Chinese startup companies working with blockchain.
The Chinese government and the People’s Bank of China know that the future lies in blockchain technology and cryptocurrencies.
They want to be in control of the process, however.
This is not necessarily due to malice or ill-will towards independent Chinese entrepreneurs, traders or miners.
Rather, the Chinese government is, in their own way, acting in the interest of China.
They want to ensure that no money is flowing out of the country, whilst still benefiting from the technological advances offered by blockchain.
April 26, 2018
XYO Network Review
Being able to track the location of items and people has been invaluable since the invention of the first map.
Being able to actually prove that something is where it is supposed to be, in real-time, has also proved extremely useful since the first radio-based navigation systems like LORAN.
Modern-day Global Positioning Systems (GPS) are more precise because they actually cross-reference multiple sources of information in order to provide us with the actual coordinates.
Whilst this should provide a Proof of Location, the issue is that false location signals will also be picked up on.
Previous blockchain projects have attempted to remedy this issue by using the decentralization and time stamping possibilities offered by the blockchain technology.
Combined with non-blockchain (off-chain) technology, this should provide a reliable enough Proof of Location.
However, the reliance on an off-chain Oracle makes the crypto-location solutions just as flawed as the more traditional methods of determining location.
About the XYO Network
The XYO Network aims to create an entirely new ecosystem, which will be more reliable.
Here, the Oracle (which the off-chain data source) moves around in the real world, as opposed to having a fixed and centralized location. Because of this difference, the team being XYO Network has dubbed it “Sentinel”.
The main innovation of the XYO Network team, however, is to create a Proof of Location that is created by a protocol based on crypto-location.
This will create a trustless and decentralized system consisting of multiple Oracles, which will be much more resistant to any false signals caused by hackers.
Not only will this system developed by the XYO Network team make it more resistant to attacks, but it will also increase the reliability of the tracking and the accuracy of the reported location.
How will they do this? By implementing a series of abstractions that will make it more difficult for anyone to interfere with the signals.
The components of the system has been fitted with zero-knowledge proofs, and uses a network of connected devices to produce the accurate data as and when requested.
Users of the XYO Network will then be able to make queries about the location of the data on the blockchain, similar to when transactions are made with cryptocurrencies.
What about the tokens?
The XYO Network are offering investors XYO tokens for helping to fund their ICO.
When users of the network make a query about the data located somewhere on the blockchain, they will use the tokens as payment.
The amount of tokens spent will determine the accuracy and reliability of the data yielded from the query.
Users will, in other words, be able to set the level of reliability they desire for a specific location when making their query.
More reliability means that more resources and data will be needed to respond to the query – thus more tokens will need to be paid.
The XYO team aim to invest in 1,000,000 devices to be located across the globe, and the tokens will help fund the maintenance of these device.
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