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Bitbose ICO Review

Trading is not easy. Whether it is fiat money, cryptocurrency, assets, commodities, or real estate, there is a lot of red tape and expenses involved. Today’s market features a lot of transaction fees, paperwork, and intermediaries who all want a slice of the pie. This not only makes trading more difficult but also less profitable. On top of this, the market fluctuations can make it a hard space to maneuver. Bitbose is an ICO that aims to make life a little bit easier for traders in the cryptocurrency space.

What is Bitbose?

The team behind Bitbose brands their trading platform as “the future of crypto investment”. This is a bold claim to make, but when you look at all the features the Bitbose platform comes with, it is not inconceivable. Whatever your investment needs are, there is a good chance it will be covered by Bitcose. Whether you are looking to mine, trade, exchange, loan, lend, or generate a passive income with cryptocurrencies — the Bitbose platform seems to have it all.

What are the key features of Bitbose?

The trading platform comes complete with a smart portfolio management program. Traders can use this program to ensure that they receive a regular passive income from their trades. Traders will also be allowed to take up either fiat money or cryptocurrency loans via the platform. All they have to do is use their BOSE tokens as a guarantee for the loans. This way, it is possible to gain access to additional funds without having to sell any of their cryptocurrency tokens. In a sense, it will work a bit like a payday loan, with a quick application, quick approval, and quick payout. As with other forms of loan, there is an interest rate to account for. Fortunately, this is quite low on the Bitbose platform and is very competitive compared to other loans. There is also no set period for the loan, which means that users can pay back their loans and access their frozen BOSE tokens at any time. The Bitbose platform also features a mining program, where users can validate the transactions of other users. As with traditional mining, there will be monetary rewards for assisting with the validation of transactions. Finally, the Bitbose platform comes complete with a secure digital wallet that is used to store BOSE tokens.

What about the Bitbose token?

The native currency on the Bitbose platform is the BOSE token. BOSE tokens can be used for everything on the platform, including both cryptocurrency and fiat loans, as well as the funding of one’s portfolio. BOSE tokens can also be used for mining cryptocurrency in order to generate further profit. The transactions are cheaper and faster than most traditional methods, as the BOSE token is based on the ERC20 Ethereum blockchain. In short, the BOSE tokens are the key to purchasing products and services on the Bitbose platform. But holders of BOSE tokens will be at a slight advantage, as the tokens will contribute to generating a passive income. Only 300,000,000 BOSE tokens in total will be made available. The majority of this supply will be made available during the public sale, which has already started last week and runs until November 30th.

bitcointalk Username: Ico Friends

ChangeNOW ICO Review

There are over 1500 different kinds of cryptocurrency in circulation. That is a lot of different tokens, and unsurprisingly there are a number of cryptocurrency exchanges available for holders to change one token for another. Cryptocurrency exchanges, however, often require users to register their personal details. While this should not be a huge problem for most honest traders, there is the risk of data leaks. One only has to look at the many recent hacking incidents, where hackers have targeted cryptocurrency exchanges. Not only does this put the cryptocurrency tokens themselves at risk, but also puts personal data in jeopardy. Fortunately, ChangeNOW has a solution to this problem.

What is ChangeNOW?

ChangeNOW is a cryptocurrency exchange platform that allows people to exchange their cryptocurrency tokens for others. If users, for example, have Bitcoin and want to exchange them for Ethereum, this can be done quickly and easily with ChangeNOW. A cryptocurrency exchange will only take a few minutes. No personal information needs to be entered into the ChangeNOW system. The team behind this ICO has a lot of collective experience with blockchain technology and cryptography, so users of the platform will be in good hands. As an added benefit, there is no minimum or maximum amounts that can be exchanged. This makes it extremely convenient.

How does ChangeNOW work?

In order to use ChangeNOW, users will have to be in possession of a digital wallet with cryptocurrency tokens in it. They can then access the ChangeNOW platform at choosing the cryptocurrency they would like to exchange for. Once this has been selected, the user enters the address to their digital wallet, and confirm the address to ensure all details are entered correctly. ChangeNOW will then provide the user with the address to their digital wallet, to which the user transfers the number of cryptocurrency tokens they would like to exchange. ChangeNOW will then search the ten most popular cryptocurrency exchanges in order to find the best exchange rate. Once this rate has been identified, the cryptocurrencies will be exchanged for the desired tokens, and then transferred back to the user’s digital wallet.

Key features of ChangeNOW

The anonymity provided by ChangeNOW is definitely a key benefit for users who are afraid of their sensitive personal data being leaked. The fact that users do not have to create an account to exchange cryptocurrency also makes it much faster to use than similar services. The ease of use is also convenient, as all users need to exchange cryptocurrency tokens is a digital wallet or a payment card like Visa or MasterCard. ChangeNOW also finds the best exchange rate on behalf of their users, so it saves a lot of time on research. The fees charged by ChangeNOW is only 0.5%, which automatically added to the exchange rate. This makes ChangeNOW very competitive compared to similar platforms.

Conclusion

Overall, ChangeNOW seems like a very promising ICO. It offers all the capabilities of a traditional cryptocurrency exchange, but with many more benefits. The transaction fees are cheap, the exchanges happen quickly, and no account needs to be created to start using the service.

bitcointalk Username: Ico Friends

Lendsbay ICO Review

Lendsbay is a digital lending platform for the informal lending market. The informal lending market is a market in which friends, relatives, acquaintances, and other individuals lend money to each other. Banks, credit card issues, mortgage lenders, and leasing providers are not a part of this market. These entities make up the formal lending market. Lendsbay plans to use an app and blockchain technology to solve a lot of the problems that currently exist with the informal lending market, and to make informal lending easier and more secure for both borrowers and for lenders. 

Problems with the Current Informal Lending Ecosystem 

The reason why Lendsbay was founded is because the current informal lending ecosystem just has too many problems. There are six main problems with the current informal lending ecosystem. These problems are no formal loan records, no contracts, no credit history, no integration with the formal lending segment, no market-based mechanism for determining interest rates, and no tools for risk management. 

No loan records and no contracts are a problem because when disputes arise, there is no documentation that displays that a loan agreement or that a contractual agreement ever took place. So, the borrowing party can simply deny that a loan was ever given. This prevents the lender from being able to hold the borrower accountable in the event that the borrower defaults on the loan repayments. It also prevents the borrower from being able to hold the lender accountable if the lender fails to lend the agreed upon amount of money. No credit history is a problem because it prevents lenders from having any idea of the borrower’s creditworthiness. No integration with the formal lending segment is an issue because performance and behavior in the formal lending segment does not carry over to the informal lending segment. No market-based mechanism for determining interest rates is problematic because this can result in random and inconsistent interest rates. Finally no tools for risk management is an issue because there is no credit rating, diversification, or insurance, which makes the entire market riskier. 

How does Lendsbay Work? 

Lendsbay has an app that users can download to find informal borrowers or lenders. When they find the lender or the borrower they are looking for, they can agree to a loan amount. A record of this agreement is stored on app, which can be used later on for proof of the terms of the agreement. Through the app, social groups can come together to pool financial resources for lending. These groups are called “bays.” This is ideal for social groups, colleges, clubs, or other groups of people who would rather lend as a part of a group than do it individually. 

Another key feature of the Lendsbay platform is that blockchain technology is used to store the credit rating information of the users. This solves the problem of not being able to determine the borrower’s creditworthiness. The Lendsbay app also uses blockchain technology to facilitate financial transactions between parties on the platform. This helps to keep all transactions organized, secure, and undisputable. Finally, the Lendsbay app creates the elements of an ecosystem for financial relations. These elements include mutual insurance, purchasing, selling items, leasing items, and decision making systems. 

Why Lendsbay? 

The Lendsbay app essentially solves all six key problems with the current informal lending ecosystem. This means that anyone who would like to participate in informal lending can do so with the Lendsbay app in a way that is safe, secure, and much more advanced than without it. Without the Lendsbay app, doing informal lending goes something like this… Joey heard that his friend’s nephew needs a five thousand dollar loan. Joey would like to make some money through lending with interest, so he tells his friend he will give his nephew the $5,000 at a ten percent interest rate. This may seem relatively simple. However, Joey has no idea what his friend’s nephew’s credit score is, he has no idea if the nephew will pay him back, and he has no idea if he would be able to enforce the agreement in a court of law if the nephew did not repay him. So, in short, informal lending can be a nightmare with the current methods available. 

However, with Lendsbay, if Joey wanted to make some money through lending, he could just log onto the Lendsbay app, view available borrowers, check their credit scores, find one he likes, make a loan offer, have that offered accepted, have a record kept for that offer, and lend the money on the app.

The money would be sent in cryptocurrency using blockchain technology and the payments would also be sent in cryptocurrency using blockchain technology. So, with Lendsbay, all of the stress, risk, and hassle that currently exists in the informal lending market is eliminated. 

Final Thoughts

Lendsbay is exactly what the informal lending market needs. Right now, it is messy, risky, stressful, and inefficient. Lendsbay could genuinely change all this for anyone who wants to participate in the informal lending market. In fact, Lendsbay could not only fix the existing informal lending market, but it could create new and exciting opportunities for entrepreneurs who really want to dive into this market. Because borrowers will be so much easier to find, and their creditworthiness will be so much easier to determine, informal lenders may be able to quickly scale their lending operations. 

The new Lendsbay digital lending environment will also help to provide convenience and efficiency for informal borrowers who will no longer have to hound their friends and relatives for loans if they get rejected by the banks. So, essentially, Lendsbay has a lot of potential to dramatically improve the informal lending market, and to create new and exciting opportunities both for informal lenders and for informal borrowers. It is a very exciting project, and Lendsbay has the potential to be a solid ICO. 

 Lendsbay has the potential to change the informal lending landscape for the better. It could add security, efficiency, and convenience to this marketplace; all of which are needed and are missing from the currency market. It is an ICO to keep an eye on.

Shacklewell Lane Mosque, which is based in the east end of London, recently announced that it would begin to accept cryptocurrency donations. Although not a mainstream idea yet, charities have generally had great success with accepting donations in the form of cryptocurrency. Shacklewell Lane Mosque is no exception to this. The only surprise was the degree to which the proposal would gain popularity among the community of adherents.

Over four times as many donations in cryptocurrency as fiat money

The holy month of Ramadan is not only a month of fasting but also of charity and compassion. During this month, many mosques and Islamic charities call on adherents of the Muslim faith to donate to various humanitarian causes. Typically, these donations come in the form of fiat money. With the Shacklewell Lane Mosque accepting cryptocurrency donations, however, this changed. During the month of Ramadan, the mosque received a total of £3,460 in fiat money donations. That is in and of itself a decent amount of money for a local mosque to collect in one month. However, the mosque also received 24 cryptocurrency donations. Can you guess how much money those donations amounted to? £13,983. Just one individual donated what amounted to £5,200 in cryptocurrency tokens in one single transaction. The majority of the cryptocurrency donations were made in the most popular tokens, like Bitcoin and Ethereum.

Skeptics are silenced by the success

Erkin Guney is the chairman of Shacklewell Lane Mosque, and although he was a fan of the initiative, not even he expected it to become such a roaring success. In an interview with iNews, Guney expressed how surprised he was when he saw the number of cryptocurrency donations they received compared to traditional donations. Even now, after the month of Ramadan has ended, the mosque continues to receive cryptocurrency donations from its adherents. There are two kinds of charitable donations within Islam, one is the voluntary donation of Sadaqah, the other is the obligatory donation of Zakat. Zakat is 2.5% of a Muslim’s annual income or wealth. Currently, Shacklewell Lane Mosque is still receiving Sadaqah in the form of cryptocurrency.

The man behind the idea

Gurmit Singh founded the blockchain company Combo Innovations and was the man to come up with the idea of mosques accepting cryptocurrency donations. He knew that many Muslims were using cryptocurrency and that there was an untapped market for mosques to benefit from. Not only would the idea of accepting cryptocurrency donations make it easier and more convenient for Muslims to donate, seeing as they would not have to convert their tokens to fiat money first, but it would also open the door for international donations to the mosque. International donors would benefit from the faster and cheaper transactions that cryptocurrency payments offer them, compared to traditional bank transfers. Combo Innovations knew that not many at the mosque were trained in the concept of cryptocurrency, so the company took it upon themselves to set up the way to accept the donations. Singh and his colleagues set up Crypto Zakat and Crypto Sadaqah in collaboration with Zayd al Khair, who is the Islamic advisor to Shacklewell Lane Mosque.