Traveling holds an essential place in our lives and with that associate many things with the mode of transport and how we are traveling. So here we shall discuss all the HireGo system. It is basically a peer to peer car sharing platform. This system is ever increasing and has been accepted by many in the different nations. This system is basically a blockchain system market, and with a secure transaction system, the HireGo system is seeing huge growth. This innovative technology has given a new concept to the world of technology.
It is a company from the UK which is working with a San Francisco based company to work on with a peer to peer car hire car-sharing service. This idea of work is getting a huge response from different parts of the word making this system get a tremendous response. This system is getting a hit on the decentralized hire of car and sharing, and it is no doubt operating to be the future of the system. There are many as such organizations which are looking to follow the same system, but they are in lack of the blockchain idea which makes the system special.
Features of HireGo system
Anyone using the blockchain platform can smoothly use it as it is easy to use and have no complexion which increases the trust system and help in the better run of the system. The system is so secure that only the genuine and the trustworthy can get a system work out here. Here any comment or review is given is easily stored in the system and kept it as a record for any future purpose. It is totally a secure system to use.
The operating cost of the system is very reasonable as compared to that of any other. It every increase system has seen growth, and the main reason behind is the reasonable price tag. The cost of the system is associated with the running of the application. The reasonable price and long-term support system make this a reliable and supportive system. In the coming time, the cost of the system will run down more as will surely take the deal in the market system. The main reason behind the system is to have a decentralized running system.
The system comes with a contractual code which runs in the Ethereum network. This system helps in the removal of the middle man which allows the users to get direct access to the user and the company directly. Using the system for a free and rental transaction is easy. There are many as such system which this system comes loaded with which helps in the abolishment of the middle man making the system run smooth. People across nations are accepting this system and have a great appreciation of the system on work done.
The IoT system has come up with a fresh and updated version of the system which allows the users access to the vehicles which help in the govern by the requisite tokens. The updates and a new version of the system have helped the system to come up with many as such features too.
General information about HireGo
- Traceability and transparency
As the system belongs to a blockchain system, it gets easy to track down what is going on in the system and helps you to locate out the problems and sort it out easily. Unlike another place where the whole system needs to get shut down here only, the defected location can be brought out and can be treated quickly. This practical way helps from tempering the whole system and get help from saving time and money. The other companies across the globe are looking into this solution for the best of the outcome.
- Earning of the token rewards and the electric vehicle
The system rewards its users on the use of the system. Here you can use the system and work on it and get rewards on the use of the service. It encourages many people from using it. The attraction system used in the HireGo has helped many to get associated with the system and in the coming time, there will be many such schemes which will surely attract many of the users. There is a use in the electric vehicle where you get a special discount and get more towards the system.
- The user control system
The users get full access to the system and help to gain full control over how the system. There are many as such system, but there the user doesn’t get full access to the system, but here the users have full control on what they are doing and help you to get all kinds of updates so that you can get the best. Due to this reason, there is a huge population who got attracted towards this exceptional service making it soon reach the hike in the transport system.
- Blockchain encrypted key less access
Here the system will provide you with an ID with which you can get easy access to the system. The system is fast smooth and works very easily. There are many as such system available on the market but don’t work out. To get access to the system where you don’t have to pull out for any verification every time you want to get access with. Simply you need to get the log in with your ID, and that’s it. The better the system, the greater it will be to users
Here we shall list out the member of the teams who are in associate with the system making the system work smooth and helped in the elevation of the HireGo system.
- Luqman Hussain
He is the managing director of the system and also works as the block chain expert in the system. His contribution means a lot to the system.
- Adil Bashir
He holds the post of the operations director of the system and also manages the industry analyst of the system making the system go smooth for the long run.
- Coleman Maher
The ICO is one of the significant positions of the system and he hold that position for a better maintaining and better suggestion for the best of the value.
- Ali Ayyash
With the position of the block chain advisor he contribute a lot in the system run which helps in the smooth run of the system.
- Claudio Ramirez
He also works as the block chain advisor and helps in the smooth run of the block chain so that no such disputes can be traced on the run of the system.
- Dr. Vimal Gahlot
He holds the most important post which is the urban transport expert post. Without his contribution the system can’t get a start out. He also helps in managing the funds from the World Bank for the road projects. He also have a wide knowledge in the public transport planning and engineering.
- Esther Carrion
The economic advisor post is given to her and must say she really maintained the dignity of the post.
- Luke Mitchell
The smart contract advisor and the block chain department is looked after by him making this process a delightful one.
- Nyugen Quang
He is the marketing expert of the system and provide with all the best of the solutions for the promotions.
- Lee ming ming
The smart contracts developer post is given to him and yes he have delivered remarkable work for the company.
- Shakil Hussain
The interface design and other designs sections is looked after by him making this system go smooth and looks good.
This was all about the team members and their contribution towards the system. Now let’s have a look on the token information.
- Rob Tomkins
He looks after the ICO deparment and also have a hold on the investment advisor post which makes the system get a better and proper run in the system.
- Andrew Edginton
All the data related section is looked after by him making sure everything is going good with the system.
There are several challenges that AI-based e-commerce community faces is the inadequacy of data to advance neural network models via in-depth training, whether it be to resolve computer vision difficulties or try natural language recognition tests. While such huge businesses have access to some of the most extensive information sets in the world, small business, institutions, and individuals just do not, ULSee will alter this imbalance.
In its democratized program for data exchange, sources can be identified, indexed, curated, and conclusively crowdsourced and exchanged via ULSee Tokens (UCNS). In ULSee’s projected ecosystem, they purpose to go exceeding the present identification and security system. They have developed a fully decentralized ecosystem for a Facial ID service. Users can provide their face data to the AI database and also the shopping data in trade for rewards. Providing these data points also has added benefits for e-commerce.
The system will enable consumers to securely store their private data in the blockchain including payment information, shopping records, the body structures, even medical and insurance accounts, etc. All data will be encrypted and desensitized.
ULSee’s Technological Goals
ULSee is developed in various well-proven technologies, such as the blockchain, distributed consensus, and proof of contribution. Additionally, there are some unique features and purposes ULSee will approach:
• A facial-ID (U-ID) for ULSee users. U-ID provides access to ULSee’s facial wallet(U-Wallet), which is the access point to transaction platforms and all sets of personal data.
• A database that needs zero-knowledge proof and enables users to upload personal data without troubling data leakage. Third parties have no access to user’s data unless being authorized.
• A digital magic mirror that is designed primarily for the fashion industry (e.g., clothing, cosmetics), allowing users to have a clear look of what he/she is purchasing or what our AI system suggest him/her based on the shopping preference.
ULsee’s system, architecture has four major players:
Consumers can build a private token wallet opened by the facial recognition technology to save their UCNS tokens. The UCNS token will be given to users as a bonus for enabling the contribution of their face data to ULSee database and shopping data to the Merchants. The token will be accepted as currency by merchants within the ecosystem (e.g., Retail purchases, utilities, e-commerce, etc.).
Merchants can profit from various applications based on the ULSee database. Being a part of the ecosystem enables
merchants to have access to the universal database of consumer preferences based on shopping history
without asking personal information from the customer.
Validators exist to assist in validating commercial/shopping transactions on the blockchain and maintain the end
user’s private data in the process. By following this role in the transaction process, the validators are compensated
with UCNS which they can use the same way as consumers.
The ULSee team will act as the core development team creating vision based AI products that produce value for the ecosystem.
Privacy – Protection of Personal and Private Data
Today, a key concern of participants in any distributed and shared data platform is privacy – ever user desires vigorous and verifiable protection for all of their data. ULSee guarantees this for all users via a three-tier scheme rooted in well-established and trusted security techniques.
Easy-to-access, Distributed Flow of New Commerce Platform
For the ULSee commerce network and ecosystem to operate, large amounts of user data need to be easily accessed by merchants through practical and cost-effective means.
Strong and Innovative Neural Vison Framework
The ULSee team own dozens of US-certified patents in neural vision and related fields. Based on this patented technology, ULSee team will research and develop solutions.
Incentives and Rewards
The usage of ULSee’s platform, or any platform for that matter, must consistently provide rewards and benefits to its users.
ULSee, in addition to generally contributing for a set of global marketplaces to foster the e-commerce platforms and to provide real value and convenience for consumers, also lends its highly distributed framework to a series of popular and robust applications. An initial collection is described here in the areas of retailing, transactions, etc. Many others are sure to follow.
UCNS tokens are made available particularly for purchase with Ether (ETH). Potential buyers are advised to acquire sufficient ETH in the advancement of the sale. The token sale will employ Know Your Customer (KYC) controls with a unique technical mechanism to tie specific purchases to KYC data points including, but not limited to Country of Origin, email address, full name, IP address and acceptance of the terms in the Token Sale Agreement.
Caps / Limits No new tokens will be created after the close of the token sale period. The total number of UCNS tokens will be defined during the token sale. The highest number of tokens is capped. This cap is based on the maximum funding USD cap, the value of UCNS (in ETH) and the current ETH to USD exchange rate.
KuCoin is a distinguished cryptocurrency exchange market that contributes quality service to their customers. They have a state-of-the-art technology that authorizes users to experience stable and easy interface navigation. And today, they are delighted to announce the listing of another potential project, 0x Protocol (ZRX), known as an open protocol for decentralized Exchange.
Deposit is now possible with supported pairs such as ZRX/BTC and ZRX/ETH. Transactions can be processed utilizing KuCoin’s App or on their official website.
0x Protocol (ZRX) Introduction
0x ZRX is an open protocol that is created to administer a decentralized exchange as part of the Ethereum blockchain. 0x uses a protocol that includes Ethereum smart contracts supporting people globally to manage a decentralized exchange.
There will be hundreds or thousands of tokens that will be available from Ethereum in the future. 0x wants to implement an efficient and reliable way to trade them. The platform is distinct from both centralized and decentralized exchanges, providing the best possible combination of features.
How does 0x operate?
Most of the decentralized exchanges today face the difficulties of liquidity and rate. As the idea of a decentralized exchange is peer-to-peer trading, all new orders and their arrangements would need to go straight through the blockchain which is slow depending on the block time and costly fees to run the contract on the blockchain. 0x is trying to resolve this predicament through the development of a protocol to relay the orders off chain and only go into the blockchain when the trade settles.
0x intends to create a standard protocol on the Ethereum blockchain that enables any Ethereum token to be traded and for anyone to run a decentralized exchange. These parties building on top of 0x are introduced to as relayers as they host off blockchain order books and can impose fees for their services.
The ZRX Token
0x has its own native token identified as ZRX which could be utilized to pay for trading fees to relayers. Owners of ZRX tokens could also recommend for future protocol upgrade and have a say in how the protocol should be advanced over time.
Initial Coin Offering plays an essential part in the world of crypto-startups. More traders and investors are getting involved in this kind of digital venture. However, ICO investments are risky. Because of low walls on token sale entry, the market has been unfortunately afflicted by some ICO scams. Most ICOs are faked and made intentionally not to success. Some people have fallen to this scheme trusting the wrong projects and choosing the wrong deal. Revain likes to address this problem and is trying to help every individual have the safest possible experiences. Use the platform to review any ICO projects before starting investment career. It will help you choose the most reliable one.
Revain – An Honest Review Platform
Online reviews are a growing marketing tool today. Word of mouth is proven vital in keeping a decent reputation especially online. To retain a good status on the market, companies need to give high importance on customer reviews and make use of it to improve the business. Regardless of the industry types and company sizes, every project needs positive reviews. It is necessary to ensure that all posted feedbacks are genuine and only based on the actual experiences. Revain has successfully come up on an efficient way to generate authentic customer insights.
Revain is best known for providing real customer feedbacks and is visibly earning a good reputation on review industry. Revain is the most advanced review platform furnished with blockchain technology. Its users can leave feedbacks about companies, services or products and get paid for it. It will be passed through the filtering by AI and manual processing. One of its main features is immutability. Anything placed on the blockchain will remain there permanently. Reviews will never be changed or deleted. If reviews are confirmed authentic, authors will receive rewards.
Revain minimizes chances of having artificially done reviews. Its objective is to deliver adequate and correct feedbacks which can be used to improve businesses; goods and services.
You can write feedbacks on different projects using the Revain Dashboard v 0.8. It will soon reach version 1.0. All good quality reviews are welcome to the platform.
Revain coin – R and RVN
Revain uses two different tokens. R coin is initially used during Revain ICO and is now actively trading on various exchanges. It is created in a limited and maximum supply of 484,450,000 R. You can now buy Revain at the market price of USD 0.396785 on platforms like KuCoin, C-CEX, Yobit, BTCAlpha, Cryptopia, Merkatox, and Kuna.
RVN token is used inside Revain for rewarding and penalizing users or companies. Its currency rate is not affected by the market status or by even the first coin.
Revain Roadmap for the year 2018
First Quarter – adds projects to Dashboard and translates platform in diverse languages
Second Quarter – saves feedbacks to blockchain and builds AI reviews analysis system
Third Quarter – launches RVN tokens and adds a method for incentivizing review
Fourth Quarter – releases gaming reviews and cooperates with giants in the gaming industry
KuCoin as one of the most distinguished and reliable crypto exchange platforms, strive to support users the best experience in all blockchain asset activities. It is accomplished by uniting premium assets worldwide and developing a state-of-the-art trading platform. And today, KuCoin is excited to announce that they have once again listed another unique currency called Tronix TRX recognized as a blockchain-based platform establishing a decentralized Internet.
Tron (TRX) is now accessible on KuCoin with supported trading pairs such as TRX/BTC and TRX/ETH. TRX deposit is now in effect immediately.
About Tron Network (TRX)
Tron (TRX) is a blockchain platform started as the foundation for a decentralized entertainment ecosystem. Established by Justin Sun, whose first project is Peiwo — a pay-to-chat application already launched on the network — Tron converges on expanding the market of decentralized digital content applications by offering it more accessible to create and deploy them.
Adoption of blockchain technology is inadequate in part because of the difficulty many developers face in discovering to build from scratch entirely new protocols. Tron is designed to ease this development and hence accelerate the decentralization of existing platforms and the creation of new Dapps.
Tron will operate in the same way that other content networks work: creators produce content and consumers purchase it. Other applications can be developed and leverage the same resources, and the benefit of TRX hinges in part on the execution of code inside the Tron network.
A Peer-to-Peer Network
Tron TRX is one of many applications attempting to leverage the peer-to-peer nature of modern networks to allow content creators and distributors direct introduction to their consumers. YouTube, iTunes, and other centralized distribution networks have a significant choke-hold on the digital content market, creating a wall for independent content producers exploring distribution channels.
Several decentralized applications are planned for deployment on Tron to take an interest in the direct, peer-to-peer architecture of the network that excludes the need for a middleman. One such application that has received a lot of attention is Gifto, created by Uplive, a highly significant and successful paid social network platform in Asia.
Both streaming entertainment and content distribution are huge industries. The content delivery system market alone is predicted to approach $30 billion by 2022, while the entertainment industry as a total will surpass $2 trillion in the same period.
The high interest rates of unsecured loans are usually associated with unsafe loans; interest on costs reduction is one of the most important motivations in the securitization sector, which is often done via the credit advancement to make it appealing on both borrowers and lenders.
An unsecured loan refers to a loan that is not protected and secured by any asset. With this case, the lender is at high risk and will likely charge a higher interest rate.
With that being said, FintruX Network’s innovative concept solves the three major issues of small time business (especially startups) to borrow from accredited investors, lenders, and financial institutions.
The FintruX Network (FTX) is one of the world’s first block chain – based online market and auto – administration crypto platform that connects and enables the following to configure and construct real – time:
- 3rd Party Guarantors
- Specialized Service Agents
Provided that, the FintruX Network interrupts the way unsecured loans are being made and administered.
The Special Features of the FintruX Network (FTX)
The FintruX Network (FTX) aims to transform unsecured loans to highly secure ones. Given that intention, here are the following special features of the FintruX Network:
- Credit Enhancements – With credit enhancements, the network seeks to counterbalance the lender’s credit risk, and to provide surging levels of insurances to cover the loss – therefore increasing the overall credit rating and reducing the interest rates simultaneously – the four surging levels of credit advancement are as: over – collateralization (as an additional collateral), local 3rd party guarantor, cross – collateralization (as an insurance), FintruX ultimate protection reserve.
- No – Code Development – a unique Smart Contract is generated and deployed by the network for each approved loan of users who borrow real – time; this is to provide definite, immutable, and restriction – resistant where arbitration is not required. This process is all made possible by the no – code development feature.
- Open Ecosystem – This feature provides borrowers with post – funding and self – serving administration options and full access to 3rd party rated agencies.
- Instant Matching – This feature simplifies the loan application process
- Refinance and Prepayment – This serves as options to provide borrowers with post – funding, self – service administration.
What is the FTX Token?
The FTX token is the native payment system and universal utility token that is issued by the FintruX Network (fintrux.com). The FTX token serves the following purposes on the crypto platform:
- Rewards users for various participations
- Borrowers and lenders pay for certain transactional fees
- Agencies, guarantors, and the like are being paid with FTX tokens
In addition to that, we have indicated the complete details of the FTX token:
|FTX Token Information||Metrics|
|Token Type||ERC – 20 Compliant|
|Bonus for the First||Up to 5%|
|Minimum Viable Product (MVP)||No|
|Additional Token Emission||No|
|Restricted Countries||China, Canada, Hong Kong, New Zealand and United States of America|
List of the FintruX Network (FTX) Licensed Exchange Sites
Users can buy, sell, and trade FTX token on the listed exchanges below. Simply select an exchange site that honors fiat currencies such as USD, etc. and trade FTXs with other cryptocurrencies such as BTC, etc.
Having said that, the FintruX Network tokens are currently transacted in the following licensed exchange sites to get you started:
|FTX Licensed Exchange Sites||Trading Pairs|
|QRYPTOS||FTX/BTC; FTX/ETH; FTX/QASH|
The Team behind the FintruX Network (FTX)
The FintruX Network (FTX) founding team proudly harnesses decades of experience working in the Fintech industry and securitization sector. With that being said, the blockchain network has been applied with cascading levels of credit advancements to provide exceptional risk reduction towards loans.
Without further ado, here are the key people behind it:
Board of Directors
- Nelson Lin – Founder and Chief Executive Officer (CEO)
- Ng Eng Ho – Chief Operating Officer (COO)
- Yew Poh Leong – Chairman of the Board
- Bob Rinaldi – Business Director
- Brinden Anandakumar – Legal and Compliance Director
- Conrad Lin – Co – Founder and Chief Marketing Officer (CMO)
- Gary Ng – Chief Technology Officer (CTO)
- Aaron Xu – Frontend Developer
- Douglas Thiessen – Blockchain Developer
- Philemon Selvaraj – Data Analyst
Board of Advisors
- Dr. Jonathan Calof – Intelligence Advisor
- Yash Mody – Business Advisor
- Hussein Hallak – Strategic Advisor
- Binh Vu – Legal Advisor
- Victor Yuen – Financial Advisor
- Dan Poh – Compliance Advisor
- Elie Galam – Advisor
- Abhijith Naraparaju – Blockchain Advisor
- Jure Soklic – Banking Advisor
The FintruX Network (FTX) Roadmap Plan
The FintruX Network (FTX) aims to make the borrowing and lending process a no – brainer for both parties. Having said that, we have outlined the development progress that the team has accomplished since its launch:
- Conducted an Ethereum (ETH) R&D (research and development)
- DApp (development application) R&D (research and development)
- FintruX Network concept has been validated
- Whitepaper has been released
- Tokenization has started
- Focused practice
- Wireframe officially ready
- Prototype officially ready
- Open – source has started
- Funding has started
- New team members added
- Alpha test has been conducted
- Real customers has been welcomed
The FintruX Network (FTX) Project
The FintruX Network (FTX) aims to eliminate the need for physical infrastructure and bring the convenience, full automation, growing efficiency, lessen the manual processes, and improve the overall experience of borrowing and lending.
Given that intention, here are the upcoming projects that the cryptocurrency platform has in store for its users:
- To conduct Beta test
- To further develop the FintruX Network
- To organize the services offered
- To improve marketing strategies
- To begin general availability
- To officially go to the market
- To upscale the crypto platform
- To make some extensions
Traditional social media sites like facebook monetize user data in a lot of ways possible. They do it without the consent of the users reaping the benefit so that they can fill their wallets. Well, Tron is the answer to that problem. Tron is a centralized content sharing platform which uses blockchain as well as peer to peer technology. When a user utilizes Tron, blockchain technology ensures that you arebl in control of your data and you will be compensated for it. It can be considered a new generation of social media where you can create and share any content all around the world. Tronix with ticker symbol TRX is the basic units of account in the TRON network. TRX is what TRON use to pay for users’ content.
Tron has Justin Sun at its Chief Executive Offices. Justin is also considered the protégé of Jack Ma, the founder of Alibaba. He is also the established Peiwo app which has about 10 million users and even the leaders in online audio content sharing community. Lucien Chen is the CTO of TRON who is a well-experienced professional in many another tier one companies. Beyond the team, many gurus in the crypto world think that TRX is the next best thing and it will succeed.
HOW DOES IT WORK?
Tron’s workspace allows people to create, publish and share content by creating a decentralized platform for such purpose. Tron is a long-term project that spans from 2017 to 2023. It starts with the first phase called the EXODUS in 2017 and ends with the last stage called the ETERNITY in the year 2025.some of the crucial phases are as follows.
EXODUS (2017): the creation of a free P2P platform for content creation sharing and content storage.
ODYSSEY (2019): encouragement is done for more content creation and economic incentives put into place for overall empowerment.
GREAT VOYAGE (MID 2020): focus on individual initial coin offering capabilities.
APOLLO (MID 2021): ability is given for content creators to issue TRON 20 tokens.
STAR TREK(MID 2023): creating decentralized gaming platforms.
ETERNITY (2025): Eternity, the final stage envisions the ability to enhance fundraising and monetizing community growth.
WHAT IS TRX?
Trx is the cryptocurrency used by Tron. Trx can be bought in exchanges for other cryptocurrencies. At present, buying Tron with currency is not an option. It is not yet open. It can then be stored in wallets that support Etherium blockchain.
For the different contents that come up in Tron, Tronix can be used as a currency to access the content the buyer wants. Then the currency will be transferred to the content creator’s wallets where they can use it.
THE FUTURE POTENTIAL OF TRON
The case of Tron is pretty interesting as it is in its evolving stages and is slowly drifting towards catering to the needs of the entertainment industry worldwide. Interesting enough, the Tron team and Justin is now backed up by very influential as well as wealthy Chinese business populace. With the kind of research and development team they possess, then doesn’t have to sweat a lot to accomplish great deeds in the cryptocurrency world.
With the kind of visionaries that is at the helm of TRON and the kind of ironclad support and plush funding from the investors, the future is looking good for the fellows at Tron.
With the long-term vision and future-ready mindset that the people at Tron possess, and the increasing popularity of digital content among the next generation where Tron promises low-cost content making, seemingly unlimited funding from strong Chinese investors, makes Tron one hell of a combination and a force to be reckoned with.
In the latter half of 2017, many senior developers from Jack Ma’s Alibaba joined Tron’s research and development team. Rumors are that a partnership deal between Tron and Alibaba is in the making. It will be exciting to see the deal if it happens. Future surely looks bright for Tron and TRX.
If the project hits all of its objectives, it could become a giant in the market, but as of now, there are many questions to be answered before considering a serious investment of Tron.
Tron is a very high priced project in today’s market and has some unique futuristic goals that they set for themselves.
Deposit is now available using KuCoin’s app on any iOS or Android devices or to their official website www.kucoin.com.
About Merculet MVP
Merculet derived from Mercury and Blocklet, the Roman God of Commercial and the cornerstone of the blockchain, use blockchain technology to improve the relations between consumers, producers, and investors. It allows users to monetize their application. As an addition, it also assists businesses to increase their businesses by producing a good review ecosystem and the re-distribution of the trillion-dollar value-driven economy.
It has also generated an Attention Value Network (token: MVP). It connects the supply and market sides of attention with an open contract suite to promote good circulation of the Internet of Value.
Attention Value Network
Mobile Internet is mostly about traffic. The Internet of Value derived from the mobile Internet is essentially an attention economy.
Merculet presents a holistic solution to help companies and users embrace the attention economy and build a distributed, value focused network. It connects and performs the match and value exchange between the supply and demand side of attention.
It consists of three central components: The UAV (User Attention Value) evaluation system, User Attention Token(UAT) as the foundation of attention incentive system and Open Content Platform to solve the problem of attention source.
The MVP Token
MVP is short for Merculet Value Protocol and a standard ERC20 public chain asset.
Enterprises can immediately access other application circulation scenarios by anchoring their own UAT and MVP, or interact with the ecology of another public chain world; MVP also supports ecologically beneficial behaviors and introduces strategic priorities. Incentive resources to assure the healthy and orderly evolution of the entire growth ecology.
MVP is the cornerstone of Merculet Attention Value System and anchored by UAT. MVP could connect various enterprises by certain rates and promote the value distribution between them.
Meanwhile, MVP also implement better support for enterprises from various aspects.
The difference between UAT and MVP
UAT is distributed within the technical support of Merculet. It establishes the contractual relationship between each company and its users. It is mainly used to circulate as the operation tools within the company. The initial operation is in the Internet Asset Layer which maintained by Merculet and the entrepreneurs. It also could mapping their asset to the public chain according to the requirements of the enterprise;
In short, entrepreneurs could assign their UATs and offer to users according to the user’s UAV which based on their own operating rules. MVP comes from the Merculet Token Pool and softmining in different ways. Different UATs will run in specific APP/enterprise, while MVP will circulate over different apps/enterprises within the Merculet Ecology.
What is Emphy (EPY?)
Emphy is recognized as a decentralized lodging ecosystem where landlords and tenants meet to conclude short-term real estate rental contracts. It utilizes blockchain technology to provide faster, safer, reliable and most importantly an affordable way to rent properties for vacations. It uses smart contracts along with blockchain to provide the affordable renting solution. Emphy will reduce the problems that guests and most landlords face these days. With Emphy you can discover new places and meet exciting people. It is way better than your traditional travel experience.
Safety is the most important thing in travel for guests and even for landlords. Emphy users must pass identity verification, and the same goes for landlords. So there will not be any hesitation while renting a property. And the use of smart contracts allows both sides of the transaction to be confident in who they are dealing with. Rules will be defined in each specific lease transaction. And there is a system of bonus in the Emphy ecosystem, and it will be implemented for both owners of the real estate and guests. Most of the risk comes with the human factor will be minimized by using blockchain solutions. Emphy EPY coin is based on the Ethereum ERC20 platform, and it is a utility token used within the Emphy ecosystem.
How it works
Emphy uses blockchain and smart contracts. Smart contracts are used in such a way that allows both sides to be sure with what they are dealing with and giving definite rules in every distinct transaction. Smart contracts allow both parties to check if the deal is good for them or not only then the transaction will proceed. Emphy calculates and gets the best result for its users and then it is stored in the blockchain. Once the other party approves your contract you are ready for travel.
Emphy takes a very low commission for the service it also offers user bonuses. With Emphy guest can have a private virtual tour of the property. Emphy is secured and uses ID recognition for the authenticity of the person. Emphy is much faster than other systems. Emphy makes life easier for landlords as they can list their property in just a few minutes only with the use of their smartphones. And for guests, they will complete information about the property before they choose to book a property. And there will be a bonus system for guest. Both parties can leave each other feedbacks which will be stored in the blockchain, and it will eventually decide the ratings of a property and guest.
Face ID automatic confirmation system verifies every user of Emphy. And then guests will have access to panoramic photos of the property to allow you to view the property with an immersive experience. It will have 180 and 360 degrees panoramic photos. To book a property you need to use Emphy coin that is EPY, the Emphy coin is the unit of account inside the Emphy ecosystem. Every user of Emphy platform will deal in the EPY. And then to complete the transaction, Emphy uses smart contracts. Once the smart contract is done you can travel, Emphy will use QR codes to check in and check out.
The Team at Emphy
This idea was born in March 2017 to Russian entrepreneurs. Its whitepaper was released on June 2017. Dmitri Nogin and Igor Ursini co-founded Emphy. Dmitri Nogin is also the CEO of the project while Igor handles the Business development part. The Emphy team has a total of 11 members on the team. Dmitri Nogin also founded a company called NP Teeninus. Igor has also founded a company in the past. So it’s safe to say they know what they are doing. They have a team of experienced entrepreneurs and many frontend developers. They also have blockchain experts. Emphy has listed their team on their website, and they also have their Linkedin profiles attached so you can see for yourself.
ICO and Token
Emphy ICO took place from 7th October to 5th November 2017. It is based on the Ethereum ERC20 tokens. Originally they set the target of the hard cap at 7.26 million dollars, and total token supply from 100 million was reduced to 15.375 million. The new ICO information is below.
Token – EPY
Platform – Ethereum ERC20
Whitelist – Yes
Emphy ICO price – $0.1 USD per EPY token
Accepted payments – BTC, ETH, USD
Total supply of tokens – 15,375,000 EPY
Tokens for sale – 12,300,000 EPY
Now let’s take a look at the token distribution structure within the ICO period.
Token Distribution Structure
- 80% tokens were reserved for crowdsale
- 13% tokens were reserved for team
- 5% tokens were kept for the marketing
- And 2% of total tokens was available for the bounty program
The Remaining tokens from the ICO will be kept in a separate wallet and it will be a part of the special marketing fund. And these tokens that are sent to the marketing fund will be kept frozen until March 15, 2018. After March 16 Emphy can start selling if required on the exchange every month up to 600,000 EPY. And the token price from the marketing fund cannot be less than $0.15 USD.
Emphy recently announced their airdrop campaign on May 28th. Emphy will allocate 175,000 EPY tokens during the airdrop period. These tokens will be evenly distributed among all the participants of airdrop campaign. Every participant will have to follow certain guidelines to get the 20 free EPY tokens. And participants can win 5 EPY tokens for referral links, which is not limited everyone can refer to as many friends as they want. This campaign will be closed when either 7000 new participants are reached or within 14 of the campaign launch date. You can help via their telegram bot that is @EmphyAirDropBot.
In April, Emphy announced a new partnership with a custom software development company Teamwoy. They will work together on blockchain technology in the future to make the development of blockchain forward. Teamvoy specializes in custom software, application development and IT consulting. They have a portfolio of many successful products launches. Teamvoy will be working with Emphy to develop their blockchain project Emphy further.
Exchanges to trade on
Emphy can be traded on as many as two exchanges. It is not listed on most because it is relatively a new crypto currency and they don’t have their product ready yet. Once their product is prepared they can expect the number of exchanges will increase, and the price will also be affected. Emphy coin exchanges are as follows.
List of Emphy coin exchanges
These are the only two exchanges that currently allow trading of Emphy. They will be hoping to increase the number of exchanges when they fully launch their project, and people start using it.
Emphy price has been on a rollercoaster ride since their ICO. After their ICO was finished their price per token significantly increased and at one point Emphy traded at USD 1.24 per Emphy which was their high ever, but soon it came down to USD 0.63 and then dropping continuously since then till April. And since April it has been on a rollercoaster ride sometimes up and then down. And today itself it has dropped by approx 16% from last 24-hour price.
Currently, Emphy is trading at USD 0.15 with a trading volume of last 24 hours at USD 12.9K. And the circulating token supply of EPY tokens is 7.7 million from a total supply of 15.375 million EPY tokens. And the market cap of Emphy is USD 1.1 million which has seen a massive drop of 16% from the last 24 hours. And its price is often fluctuating in the market.
Emphy product is not fully launched as it is still in the development phase once its product is fully built and launched into the market for users to utilize it we can expect the increase in the price of its. As the Emphy platform will only work with EPY coins so everyone will have to purchase these coins to transact on the platform and Emphy has only released a minimal amount of coins, this will help in increasing its price.
Road Map to the Future
Emphy started their project in the March 17, and their token sale took place on Oct 17. UI was designed by Feb 18, and an Alpha version was launched on April 18.
In May they started testing their platform and start fixing the problems it has, and further development of product was started. In June 18 Beta version of the product will be released, and users will be able to test their software. July 18 will be the key month for the Emphy ecosystem as they will announce where they will first release their project means which country.
And from August they will start the expansion of the project in many countries. And they will develop their project further with the help of Teamvoy custom software company with whom they partnered on April 18. These types of partnerships are necessary for any business as these partnerships always take the technology forward. So in the coming future, they need to make these types of partnerships more and more to keep pushing for the development of the community.
Based on the published orders on the 22’nd of August this year, nine BTC ETF applications were rejected by the SEC of US. But according to the report from Reuters, the decision of rejecting 9 applications to list several (BTC) Bitcoin ETFs also knew as exchange-traded funds is said to be reviewed by US SEC. They will reconsider the applications by reviewing it once more.
US SEC is a nondependent federal gov’t agency that is accountable for securing investor, preserving impartial and organized functions of security markets and enabling capital formation. This was formed on 1934 as the first federal regulating the security markets. It stimulates complete public disclosure, protects investor from manipulative and deceitful actions within the market, and observes business takeover practices in US. It will maintain the efficiency of the markets.
Days ago, the SEC rejected the 9 reviews from 3 companies to take Bitcoin-based ETF to markets. According to SEC, the products failed to comply with some of the rules indicated on Exchange Act Section 6(b)(5). This specific law states that there should be a rule for every exchange to end practices or acts of fraud and manipulation. It should promote an equitable and fair trade principle. Exchange must foster coordination and cooperation with everyone engaged in clearing, regulating, processing and settling data. Also, the commission has disapproved the proposed rule because of failure on demonstrating the future of BTC market as a market of substantial size.
Shortly after the rejections, there was a letter released by US SEC that states an intention of reviewing the decision with delegated authorities to take actions in the application. But, these letters did not state a specific deadline for the decision and did not say what is entailed on the reviews.
An exchange-traded fund is a kind of funds that possesses an underlying asset and distributes ownership of asset into shares. This is a marketable security that tracks a commodity, index and baskets of asset which are proportionally signified in the fund shares. ETF experiences value changes all through the day because they are acquired or traded in stock exchanges. In case that the SEC permits a BTC ETF, a fund will obtain an underlying quantity of actual Bitcoin and issue these funds in to shares, which will be given to shareholders.
US SEC did not accept the appeal for Winklevoss BTC ETF funds of Bats BZX Exchange, Inc. last month. SEC denied its initial application presented on March last year. It is because of the largely not regulated way of BTC market.
After one day, Hester M. Peirce the commissioner of SEC issued an official statement of dissent from the agency disapproval of the Winklevoss fund application. The commissioner opposed that the SEC profoundly made a mistake on its most recently made decision and is going beyond its limited roles when it concentrated on the characteristic of the underlying BTC markets, instead of its derivative. Peirce recommended that the order for disapproval should probably constrain the establishment of BTC markets.