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June 6, 2018
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If you have only recently become interested in the world of cryptocurrency, you will probably have come across a few terminologies that seem unfamiliar to you. If you have experience in trading on the stock market or foreign exchange, you will recognize some of them. However, it is always good to refresh one’s memory when it concerns the lingo being bandied around in the crypto-space. Have a look at some of these terms below.
Trading Related Terms Exchange
These exchanges are also commonly referred to as ‘cryptocurrency exchanges’, and are the places where you can buy and sell cryptocurrency tokens.
Fiat money
Fiat is currency issued by the government, or what the average person considers to be ‘real’ money.
Market order / market buy / market sell
This is the most straightforward method with which you can buy or sell cryptocurrency tokens on an exchange. This is an instant trade, as opposed to limit orders.
Limit order / limit buy / limit sell
When you trade on the cryptocurrency exchanges, you can place these kinds of orders in order to buy or sell tokens once a specific price point is met.
Sell wall / buy wall
Think of this as a depth chart where you as a cryptocurrency trader can see the current price points for buying and selling.
Whale
A whale is someone who has been incredibly successful in the cryptocurrency space, and as a result of their success has a huge amount of cryptocurrency.
Margin trading
If you are an experienced trader, and you would like to become a whale one day, then you can experiment with margin trading. Margin trading is very risky, but the pay-off can be proportionately rewarding.
Going long
If you have decided to margin trade and profit when the price increases, then you are going long.
Going short
Similar to going long, this means that you have made a profit from the price decreasing when margin trading.
Bullish
If you are bullish, then it means you expect the price to increase. When the majority of traders in the market have this expectation, it is called a bull market.
Bearish
Similar to bullish, but with the expectation that the price will be decreasing. When the majority of traders in the market have this expectation, it is called a bear market.
ATH
This is an acronym for All-Time High, and refers to the point at which a given cryptocurrency reaches the highest value it has ever been. A god example of this is the Bitcoin peak in December 2017.
Altcoin
Altcoin is short for alternative coin, and is generally any of the newer cryptocurrencies that came after Bitcoin. Opinions are divided on whether or not Ethereum is considered an altcoin.
ICO
This is an acronym for Initial Coin Offering, and refers to the crowdfunding phase of a new blockchain project. Most ICOs use Ethereum’s network, but there are some exceptions.
Tokens
ICOs will offer potential investors tokens, which are the native cryptocurrency used on any given ICO’s platform. These tokens are cryptocurrencies that can be used on the platform, or be exchanged for other cryptocurrencies.
June 4, 2018
Qurrex Review
For those of you who are already investing and trading in various cryptocurrencies, exchanges are not a new phenomenon. However, few cryptocurrency exchanges have a built-in hybrid system that allows you to exchange cryptocurrency for fiat and vice versa. Qurrex is an ICO that promises to change the landscape for cryptocurrency exchanges by allowing for this exact thing to happen. In this review we will take a look at exactly what Qurrex is, the team behind it, and how you can get involved.
What is Qurrex?
The concept behind Qurrex is quite simple. The team is developing a trading platform which, in addition to having all the capabilities of a regular cryptocurrency exchange, also will have some added benefits to it. As with other ICOs, the platform will be using blockchain technology to deliver a decentralized and secure means of trading in cryptocurrencies and fiat money. This will make it very advantageous to traders on regular stock exchanges, as well as foreign exchanges. Because of the way it is set up, intermediaries and middlemen will be all but eliminated, which will result in a much more efficient and cost-effective experience for users of the platform. The team behind Qurrex aims to set a new standard in the crypto-economy landscape, by creating the world’s first universal cryptocurrency exchange. The technology underlying the platform is derived from that of existing worldwide exchanges, which means that the architecture of Qurrex will produce a very high-performing platform. Finally, it will be able to bridge the gap between cryptocurrency traders and stock exchange traders, and perhaps contribute to bringing the two worlds together.
What are the features of Qurrex?
The key features of Qurrex is what makes this ICO truly unique. The high-performance architecture not only ensures that all data is kept confidential and safe, but it is also subject to regular audits by tech experts. The team behind Qurrex also promises maximum transparency, and this will also be maintained by having regular audits carried out by an independent agency. As with all companies, financial accounts will be published for all to see. By using APIs, users can customize the interface to suit their needs, offering a good amount of flexibility. Finally, there will be a customer service team standing ready 24/7 to assist users with any issues and requests they might have.
How does Qurrex work?
The platform is designed to handle 70,000 transactions per second, with a latency of only 650 us. All trading being carried out on the platform will be subject to rigorous trading standards to ensure compliance with the law. By contributing to the platform with their knowledge, experienced traders will also be rewarded for sharing information that can benefit other users. The platform also comes complete with analytical tools and charts that traders can take advantage of.
Who is behind Qurrex?
Mathhijs Johan LEK is the founder and head of the company behind Qurrex. Having dealt in investment banking and business development for over two decades, he is leading a team of equally experienced traders who are specialized in different fields. Investors can rest assured that the team has a wide range of knowledge when it comes to trading robots, strategies, and algorithms.
bitcointalk Username: Ico Friends
June 1, 2018
EIPlatform Review
E-sports is a huge global phenomenon, and it is growing faster than any other sport. For that reason, many global brands are keeping an eye on the market for e-sports, as the huge audience is a potential customer base for them. However, up until now, the major brands have run largely ineffective marketing campaigns, which has proven to be an expensive endeavor. The main reason for this is that the brands tend only to engage with the major tournaments and the top team. Meanwhile, the smaller local streamers do not get this attention despite being a perfectly adequate customer base. Another problem facing the brands is that the agencies they use as intermediaries between themselves and the audience do not always know what the audience truly wants. The fact that the marketing agencies eat up a lot of the marketing budget makes this even more unreasonable. This is where EIPlatform enters the picture.
What is EIPlatform?
The platform proposed in this ICO is an effective method with which brands can connect with audiences without having to go through other intermediaries. The team behind EIPlatform will be using artificial intelligence to conduct a data analysis on all the participants in the e-sports space. This will show which Twitch streamers fans enjoy watching the most. These streamers can then be contacted by brands and sponsored so that their fans can be targeted by the marketing. The native currency of the EIPlatform is the EMI token, which brands can use to gain access to the identified top streamers. Naturally, the platform will be using blockchain technology, which means that all data will be securely handled and safely stored on the decentralized blockchain. EIPlatform will be a great way for brands to gain audience insight, as it will also allow them to incentivize viewers to watch their sponsored streamers, as well as reward the viewers for offering their insight and feedback.
How does it work?
The platform itself will deal with both brands, promoters, streamers and viewers. A brand can endorse a streamer by allocating a number of EMI tokens to the streamer. When a brand has endorsed a streamer on the platform, viewers will then earn these EMI tokens for watching that particular stream. This method of direct advertising completely circumvents the marketing agencies, and thus the brands avoid paying their fees. The money saved on marketing agencies can then be allocated to the marketing budget. From the point of view of the e-sports fans themselves, this is a great incentive to watch a particular streamer as they get monetary rewards for doing so. Brands will also be able to directly get in touch with the potential customer base, which will provide them with further insights. The team behind EIPlatform is also planning on allowing betting companies to participate on the platform in the future. In short, EIPlatform will be a very valuable resource for companies looking to gain data insight and stretch their marketing budget further than they are currently doing.
bitcointalk Username: Ico Friends
June 1, 2018
There is an influx of ICOs with startups raising millions of dollars to start or expand their operations. However, funds theft is a common problem affecting many of the startups in the cryptocurrency and blockchain startups. The latest victim is Taylor where the attacker stole all of the money raised in their ICO.
Taylor is a startup company using a blockchain in an effort to link cryptocurrency exchanges with mobile technology, and issued an ICO to fund their design and launch of a dedicated trading app. Dubbed Taylor Smart, the app is an easy to use cryptocurrency trading assistant.
In a blog post, the Taylor team said that the attacker drained all their balance, 2,578.98 ETH, as well as the TAY tokens allocated to the team and the bounty program, bringing the amount of funds stolen to approximately $1.5 million. The only funds left untouched were those locked by a smart contract allocated to the founders and advisers. According to ongoing investigations, the attack seems to be perpetrated by the same attacker who robbed off CypheriumChain.
Failed Security Measures
The Taylor team maintains that they had security measures in place to avoid such an attack, which eventually failed, and they confessed to have been negligent in attending to various security details. After seeing an attempt on IDEX, the Taylor team opted to delist from the platform. While they may never recover the stolen funds, they believe that there is still a future for the Taylor app and are calling on their community to help them overcome the setback and grow bigger and better.
The Taylor team sent an open letter to their supporters, where they revealed that they only have $25,000 left, and they are currently rethinking their future. In a statement give to ZDNET, Taylor’s CEO and co-founder, Fabio Seixas, said that they are thinking about rebranding and issuing an emergency token sale to raise more funds for their operations. Seixas also notes that they are working with various angel investors to inject cash into the project, but it would take months before a deal goes through.
Taylor’s goal with the two funding options is to raise enough to have a sizeable team to work for 12 months as well as paying for pertinent infrastructure and operational costs. The timeline according to Seixas is enough to launch the app, gain its first users, get traction, and start generating revenue.
Growing Skepticism
When a cryptocurrency and blockchain related startups or ICOs claims that they have become cyberattack victims, there is skepticism surrounding it. Most of them disappear with the investor funds while conducting exit scam. Taylor was on the verge of releasing their app in a matter of weeks when the attack happened and they are calling on investors to participate in their emergency token sale.
They have not revealed further information, only that the attack was a highly coordinated and advanced attack. However, before you invest into any token sale, you had better do your due diligence to ensure the security protocols are sound.