MedCredits (MEDX) is a cryptocurrency that is based on a telemedicine platform. It is the very first blockchain technology platform that connects patients to physicians worldwide on a decentralized network. It also serves as the very first decentralized registry for physicians.
This cryptocurrency came from the idea of Hippocrates application – the original software developed and released by the founders of MedCredits. It is a user-friendly dApp – dApp stands for a decentralized application which is supported by a backend code that operates on a decentralized peer-to-peer network.
The purpose of MedCredits is to connect patients to licensed dermatologists in the U.S. for fast and real-time diagnosis (yes, patients are guaranteed not to experience waiting even just for a minute to receive a response) with affordable price ranges.
It is created with a goal to decentralize the medical field. Thus, MedCredits (MEDX) serves as a free marketplace system that provides reliable and more affordable healthcare services and medicine. MedCredits (MEDX) aims to provide a cryptocurrency platform for the sick to get the fastest way to diagnosis whenever and wherever they are.
The concept of this telemedicine cryptocurrency platform is to leverage the blockchain technology. Thus, the core team created a network where users worldwide can reach reliable healthcare and medical services at the tip of their fingertips at a low cost.
Because of this, patients will no longer need to head on to the hospital and wait for the long queue before they finally get consultation and diagnosis! MEDX users can get the legitimate medical help they need through a mobile app or asking questions in front of a desktop computer.
Fun fact: Did you know that MedCredits (MEDX) serves as the very first (also the one and only) decentralized network specifically designed for the medical industry? It is the only cryptocurrency utilized for medicinal purposes and healthcare services that are 100% free!
The Special Features of MedCredits (MEDX)
The MedCredits (MEDX) provide users the tools and features for open-source developments of telemedicine applications. With that being said, listed below are the telemedicine platform’s unique features:
- MEDX Token-curated registry (MEDX TCR) – MedCredits (MEDX) guarantees its users that all the physicians – on – boarding the ecosystem are licensed medical practitioners. MEDX TCR is an open-source public network that allows users to access a pool of licensed medical practitioners and create decentralized healthcare applications. It provides an incentive game where the medical practitioners seek entry to the physician registry.
- MEDX TCR primary incentive game – This incentive game comprises of three parties such as (1.) doctors who seek registry – are required to stake MEDX tokens and upload images of medical diploma, license, and certification documents for credential verification; (2.) physician verifiers of applicant credentials – this involves the verifier challenging an applicant if he is nefarious or not, the verifier must match the applicant’s staked tokens. Once they passed the game, the applicants are granted privileges to be recognized and gain access to patients’ case data (3.) patients who are registry consumers must only use MEDX-powered apps if the registry comprises of licensed medical practitioners
- Partial Lock Commit Reveal (PLCR) Contract – Any challenged applicant will go through voting round where verifiers will vote a “Yea” or “Nay” on the Partial Lock Commit Reveal (PLCR) contract these applicants will be reviewed and approved/disapproved by medical verifiers. If the applicant fails the challenge, the tokens at stake are distributed to the majority voters and vice versa.
- Physician-verifier registry utility – To guarantee honest votes, verifiers who vote for the majority will be rewarded with a portion of MEDX tokens of verifiers in the minority side and a 1% fee of all the transactions on MEDX TCR.
- MEDX physician-registry smart contract – if no challenge is initiated by a physician-verifier to an applicant, a medical practitioner’s public key will be automatically added to this contract. Any public key in this contract can freely request to decrypt patients’ case data. On the contrary, if a challenge is initiated, the voting period starts, and all MEDX holders must cast a vote. The voting results will determine if the applicant is admitted to the physician registry or if they are proven a “fake doctor.”
- Smart contracts – this contract guarantees a hassle-free payment method on both parties by removing the central authority or middleman to make the transaction.
- Independent nodes – MEDX independent nodes verify all the physician applicants’ credentials; this is to ensure the patients who trust MedCredit that only licensed physicians are a part of the network “NO FAKE DOCTORS ALLOWED.”
- Borderless network – MedCredit (MEDX) has a borderless network which connects all the time zones across the globe. This allows patients and users to receive instantaneous response and diagnoses any time of the day!
- MEDX user-friendly app – yes, MedCert is compatible on your mobile device. With this user-friendly app, patients can directly submit their case and get a fast diagnosis (guaranteed no waiting time) by just touching a few buttons and sending a photo (for instance, send a clear picture of their skin rashes to ask what it is and how to treat it).
- Electronic medical records (EMR) – the ecosystem allows medical professionals to communicate with patients via an interconnected network. Don’t worry, MEDX patients are still and always in control of the private keys to their EMR.
What is the Potential Price of MEDX Tokens?
The potential price of MEDX tokens is based on the patients’ level of trust in a physician registry and if the services provided are used (or not). In return, physician verifiers receive incentives which motivate them to assure users that only certified and licensed medical practitioners are granted privileges to be a physician on-board.
Here is the potential price of MedCredits (MEDX) for the time being:
ICO Price: $0.008518 USD
Market Cap: $? USD; ? BTC; ? ETH
Volume (24 Hours): $62, 453 USD; 9.18 BTC; 116.99 ETH
Circulating Supply: MEDX
Total Supply: 10, 000, 000, 000 MEDX
Where to Store MEDX Tokens?
As of now, the most popular MEDX wallet to store your tokens is Coinbase.
How to Buy MEDX Tokens?
Nowadays, there is no need for you to head on to the hospital just to be consulted by medical professionals, all you have to do is use MedCredits and make use of the MEDX tokens.
- Buying MedCredits (MEDX) for funds via your bank account is easy (even for starters), follow the steps below:
Open a MEDX wallet on Coinbase.
- Buy Bitcoin (BTC) and/or Ethereum (ETH) at Coinbase (if Coinbase is not available in your jurisdiction, look for other trading exchange sites that accept deposits from bank accounts and debit cards; go for exchange platforms that transfer BTC and/or ETH to a marketplace that sells MEDX for fiat currency or government-issued currency).
- Transfer your newly bought BTC and ETH from your Coinbase wallet to your selected exchange that supports MEDX.
List of MedCredits (MEDX) Trading Exchange Sites
Need some daily dose of good and high-quality MEDX? You better make use of the modernization of the medical field! With that being said, here is the list of legitimate MedCredit trading exchange sites that you should make use of:
|MEDX EXCHANGE SITES||MEDX TRADING PAIRS||PRICE|
MedCredits (MEDX) ICO Profile Information
The ICO abbreviation stands for Initial Coin Offering; it is the unregulated way of offering investors units of new cryptocurrency endeavors in exchange. ICO is usually utilized by start-ups who are dodging the difficult capital-raising process that is mandated by financial institutions.
With that being said, below is the detailed table of MedCredits (MEDX) ICO profile information:
|GENERAL ICO INFORMATION||RATINGS|
|Number of Members||2/2|
|SOCIAL MEDIA INFORMATION||RATINGS|
|MEDX INVESTMENT INFORMATION||DETAILS|
|Restricted Countries||No restrictions|
|Know your Customer (KYC)||Required|
|MISSING ICO INFORMATION||DETAILS|
|ICO Start/End Date||Specified|
|LinkedIn Profile||Some members’ profiles are missing|
|Social Media||Facebook and Github link are missing|
MedCredits (MEDX) core team is comprised of licensed medical practitioners and techie crypto experts. This cryptocurrency platform was founded by Dr. James M. Todaro and Dr. Moshe Praver who both graduated at Columbia University.
The combination of the world of digital currency and medical industry led to this blockchain network. Without further ado, here are the key people behind it:
MedCredits (MEDX) Core Team
MEDX Advisory Board
MedCredits (MEDX) core team never fails to keep their users health a top priority by modernizing the medical industry. Here is a glance of the MEDX road plan to better telemedicine services:
December 2016 – international recognition of MedCredits as a marketplace for telemedicine services.
March 2017 – telemedicine market analyzation; study of technological/institutional margins of existing telemedicine services.
August 2017 – the official release of whitepaper; MedCredit underwent legal consultation; recruitment of licensed dermatologists for Hippocrates app development
September 2017 – the addition of MEDX to Productive Edge blockchain incubator.
January 2018 – the official release of Hippocrates app; the opening of physician registry; implementation of granting of Hippocrates access upon request.
March 2018 – the opening of physician on-boarding
The MedCredits (MEDX) Project
With the MedCredits core team’s goal of incorporating medical industry to the digital world, the MEDX cryptocurrency can only get better this year 2018 with the following projects:
- To release MEDX TCR on the Ethereum (ETH) blockchain
- Hippocrates to have a mobile app
- TCR and Hippocrates app to become open-source via GitHub
- To adopt and support 3rd party dApps development on the MedCredits platform
- To launch an “Ask a Doctor” feature
- To provide live medical consultations
- 3rd party dApps to have patient charts, appointment setting, appointment alerts, and physician referral program, and the integration of decentralized electronic medical records (EMR)
- To reach the $200 USD billion market by the year 2020’s
To conclude, MedCredits (MEDX) is indeed creating the very first globally-recognized decentralized registry of physicians. Then, the MEDX tokens to power up the platform’s physician registry. The said registry has the potential to reach a global scale and will initially power up the Hippocrates dApp. It also has the potential to create 3rd party dApps that require licensed medical practitioners.
The said registry also empowers medical professionals to manage their services and can lead to the possibility of forming a peer-to-peer foundation for the healthcare and medical field.
HTML5 technology has been identified as a cross-platform solution globally. It includes the Internet, mobile games, video, advertising and other enterprises, with the global market size of hundreds of billions of dollars. After blockchain game CryptoKitties became successful, Ethereum’s smart contract applications added a new member, the HTML5 games. This project collaborating with Egret Technology, a globally well-known HTML5 technology service provider, set up Egretia Blockchain Lab, uniting blockchain with HTML5 technology to build the world’s first HTML5 blockchain engine and platform, endeavoring for applying blockchain to vertical industries. Drawing Egret Technology’s existing 200,000 developers and 1 billion mobile terminal devices into the blockchain world, this project has effective and far-reaching importance.
Egretia As The First HTML5 Blockchain Platform
In collaboration with Egret Technology, the global leader in the HTML5 industry, the Egretia team is charged to developing the world’s first HTML5 blockchain engine and platform, combining blockchain technology with certified tools, communities and the content of partners, striving to bring 200,000 developers and 1 billion mobile devices into the blockchain world.
• The content powered by Egret Engine has touched hundreds of millions of users. For every user, a unique cryptographic passport with digital encryption will be generated.
• Users will be presented with a low-threshold, high-security digital wallet, working as a safe payment platform for all HTML5 blockchain applications.
• A digital virtual currency token that conceivably distributes in HTML5 projects all over the world will be formulated: (Egreten).
A compelling, sustainable ecosystem will be built for users.
• Modularising blockchain purposes, integrating them into the Egret Engine and its front-end development tools, will contribute to acquiring more than 200,000 developers straightly. Integrating Egreten into hundreds of thousands of games and
applications will help to reach more than 1 billion users worldwide directly.
• Incorporating blockchain technology into the backend service logic, utilizing node servers around the world will provide HTML5 products with quick communication solutions and trusted smart contract server logic.
• A comprehensive development suite, documentation, and development community will be built, to give a most full and convenient developer ecosystem.
Operational Aspects :
• Through the current Egret game platform with 40 million monthly active users, the Egretia Network already has a worldwide professional team of game and app distributors. They are running the content, and there are plays to combine the Egreten token payment system, therefore improving the actual utility and circulation of Egreten.
• Collectively with strategic partners such as Facebook and Google, the Egretia Network has a well-organized advertising platform to promote Egreten-based games and products.
Egretia Network True Token Circulation
Based on the user ecosystem of the Egretia Network, there is the goal of advancing a new virtual currency token that can be utilized in all content powered by the Egret Engine: Egreten.
• The ecosystem will present well-established tools + SDKs for the blockchain community and developers to design and create applications and products.
• Users can utilize Egreten as the currency to buy in-game items, pay for content, etc.
• Users can use Egreten to take part in lotteries, discounts, and other promotions on the Egretia Network globally.
• In the Egretia Network, users can engage in crowdfunding of games which they support through the regulation of Egreten and potentially gain Egreten incentives.
• Developers and content publishers can apply Egreten to advertise their products and services on the advertising platform of the Egretia Network.
• Distributors of content and users from the media industry can get Egreten in content distribution, advertising, etc.
• An Egreten digital wallet is generated based on the unique token passports of users, to guarantee safe storage of the virtual assets, goods, crowdfunding rewards, platform incentives, etc. of each user.
Throughout the ecosystem, it is visualized that more than 200,000 developers worldwide would be capable of using the Egretia Blockchain SDK to develop HTML5 blockchain games and applications rapidly. It will increase the reach of Egreten to over a billion users, the token will be circulating in all areas of HTML5 content, virtual goods platforms, advertising platforms, and communities.
A Decentralized Game Distribution Platform
The decentralized game distribution platform is presently under development; all the games are developed based on the blockchain of the Egretia Network, accessing the KYC authentication system, the digital tokens, the data storage module, and other attributes of the Egretia Network.
On this game platform, players can not only play all HTML5 games but also receive digital virtual currency tokens through playing games, while at the same time gaining token incentives through completing the tasks in games. The assets of all players are securely stored in an Egretia wallet.
Professional Team And Incubator
With its excellent global promotion skills in mobile games and applications, the professional gaming operations team of the Egretia Network will concentrate on the worldwide promotion of premium games and applications based on the blockchain of the Egretia Network. Cooperative agreements have been established with some content providers worldwide to develop quality games and apps based on the Egretia Network. At the same time, the native incubator will support outstanding content or technical teams, collectively increasing with them together.
Egretia Lab Core Team
The Egretia Blockchain Lab is composed of core members from Qualcomm, Adobe, Microsoft, etc., as well as specialists in blockchain field, is dedicated to combining blockchain technology with Egret’s leading HTML5 engine and tool technologies, aiming for implementing blockchain to vertical industries.
Founder of Egretia, continuous entrepreneur, previously the technical manager of Adobe Flash Platform and has 18 years of expertise in internet project and game development.
Senior Program Manager at Adobe, with more than 20 years of experience in global project administration. Made significant addition to Adobe strategic business plans and so with the innovative programmes.
Co-founder & CEO of Egret Technology, continuous entrepreneur, previously to be Discuz! core member, founder of Ismole.
Compiler and toolchain specialist, entrepreneur, Qualcomm senior staff engineer. He has almost two decades of practice in compiler development of operating system network. Built fastest Fortran compilers for Intel / AMD. Used to work in Microsoft, Absoft, etc
Founder of D20Studios and former producer of Electronic Arts and with more than fifteen years of experience in software development and ten years of experience in game development, focusing on developing great games.
Decentralized Accessible Content Chain (DACC) is known as a platform that will innovate the digital content and media industry. DACC established a public blockchain that features ownership and access management at the infrastructure level in the digital media enterprise. A decentralized file system that includes the fundamental identity and access management (IAM) will be executed to provide users and content creators methods to securely initiate, store, and control access permissions to their data and IP. IAM assures that only verified users can access the resources they are entitled to use, and resource owners will have full authority over the user authentication and authorization process. Content creators, curators, and consumers will all be accurately and equitably incentivized to build a community that places content creators at the center stage.
Moreover, a full set of developer tools will also be performed which will enable any user or entity to easily create and develop content-related decentralized applications (DAPP’s) for any digital media platform on top of DACC. DACC Foundation will also place alongside a special fund, aka, community development fund through DACC labs, to sustain developer community to build innovative Dapps on DACC platform. DACC will revolutionize the digital media economy through innovative technology, distributed global community and unique token model and reward system, which ultimately empower real creators in the digital media industry.
DACC IAM-Based BlockChain Platform
DACC platform is the first IAM based platform in the world which comprises three parts, a distributed file system with built-in IAM, public chain, and development tools. It will center on developing a modular based decentralized file system with IAM; this can be plugged in other public chains too. Their public chain also features strong IAM controls, with the DPOS/VRF Consensus to ensure scalability. Additionally, it will provide development tools for various parties of the digital media industry, including content creators who have limited development resources, developers who are building their DAPPs in the digital media industry and other blockchains who need IAM system.
DACC’s public chain integrates IAM and content permission controls at the infrastructure level. This gives DACC the excellent blockchain solution for any types of content based DAPP’s, primarily where personal data and IP are essential assets. From token curated registries to social network platforms, DACC’s software allows content creators and owners full authority over how their data is accessed, shared, and price for the use of their data.
DACC Global Distributed Crypto Community
Core members of the DACC team have been developing artificial intelligence technology, social media platforms and a global community in the past 12 years. Cumulatively, the team composed of core members with total of up to 50 years of community involvement with a user community with over 20M user base. The team aims to produce technological innovations in blockchains, merging experience in building community, first to the content media industry.
The global crypto community of 200,000+ users with organic growth of 50,000 users per week, in major English speaking countries such as USA, Europe, as well as Korea, Japan, and China.
The DACC Foundation
The DACC Foundation Pte. Ltd. (“DACC Foundation”) is designed to be an unrestricted private company limited by shares that maintain and promotes the democratic governance of the
DACC for all members.
The DACC Foundation will consist of 3 Directors. These Directors will be studied and selected rigorously upon their merits and reputation in their industries. Key decision making concerning the operations and applications of the DACC will be settled by the majority vote of the DACC Foundation only.
The DACC Token
The DACC token is the native currency for all transactions, gas fees and rewards to block validators and storage providers: (“DACC Token”). Also, a special distribution of the token will be utilized to develop the community (10%), software development, system support and security development (15%), also reward the special contributors and advisors (10%). The price of the Token is 1 ETH for 200,000 Tokens.
DACC Token holders will not be given any shares and administration rights over the DACC platform, DACC Foundation and any succeeding company being set up. DACC Token holders will not be authorized for any profits or income from the DACC Foundation or the platform as a result of holding the DACC Tokens.
Initial Token Allocation
The DACC Foundation aims to create and issue DACC Tokens shortly after the incorporation of the DACC Foundation. Upon issuance and before the completion of the DACC platform, DACC Tokens will be distributed as tokens based on the ERC20 Ethereum Token Standard.
The initial issuance of DACC Tokens will consist of 30 billion tokens. The hard-cap of the Token Sale Sale is 30,829ETH. The allocation of this initial issuance is summarized in the following table.
DACC Core Team Members
The DACC Development Team is composed of talents from the world’s prestigious universities and institutions.
What is Cryptonex?
Cryptonex is a cryptocurrency based platform which is developed on its blockchain technology. CNX token does all type of trading in this platform. Users those are associated with this platform can exchange this token for any types of Fiat currency as well as in other digital currencies. Their goal is to offers users instant exchange directly from their credit, debit cards, and other traditional payment systems. In this platform, you can exchange currencies with the help of their app for both Android and iOS with very negligible transaction fees.
The currency of Cryptonex is based on PoS system where every user can earn more and make a profit by mining and as well as by completing a successful transaction. Unlike from other blockchain systems which you might be familiar with runs on ERC20 standard, but Cryptonex has its blockchain platform and technology. The whole system is developed in open source programming language. To offer users account right cryptonex and CNX is used. Not only they deal in trading them also provides users to buy goods and services with the help of their currency directly from the web as well as from your smartphone. Blockchain technology is a very successful technology regarding security and coverage. Blockchain technology is now trending, and both common users and companies can have massive benefit from this technology. Blockchain technology is introduced to overcome some significant drawbacks on the traditional system. With the same technology and system, Cryptonex came with an innovative approach to make the trading platform more effective and simple.
This project is developed by a globally renowned financial investment group those who are expert and specialize in the development of software related to finance.
Features of Cryptonex
• They deal with maximum types of Fiat currencies. All its users can easily deposit and withdraw Fiat currencies like USD, EUR, BRL, RUB and GBP through any of the payment method systems as e payment, perfect money, Peyeer, and Advcash.
• Transaction fee for trading is low as compared to other platforms in this blockchain system. They charge a minimal amount as fees ranging from .10% to .20%.
• The interface of this platform is safe and user-friendly that let users with the minimum technical knowledge to handle easily.
• If you want to deposit Fiat or cryptocurrencies on this system, then they will not take any type of charge or transaction fees from their users.
• They developed an app for both Android and iOS platform reason which trading becomes more comfortable and flexible directly from the smartphone.
• They come with full web and mobile solution. The whole interface is nicely designed and developed which shows all details of transaction, trading and many other graphically with the help of the chart.
• They also offer P2P service on this platform which is another significant advantage for its users.
• They have many program and option which are available for all users to earn some extra profit. You can earn buy its PoS mining. You can also earn by purchasing CNX and even by transferring it on your wallet.
• Cryptonex system also offers many rewards s and bounty program to their users to have some more profit from this platform.
• In this year 2018, they launched a p2p service where users can sell and buy digital currencies among others in this platform. In the whole process, Cryptonex is the legal transaction guarantor.
Services from Cryptonex
They offer different types of services and possibilities to their users which are listed below. Check all its facilities in details.
1. This platform supports all major cryptocurrencies and day by day they are adding all different types of digital currencies. As here users can get benefits of instant currency conversion, so it saves time, and the Cryptonex guarantees every type of conversion. This application shows the price of the token in both FIAT and cryptocurrencies so that users can choose as per their requirements. They are going to introduce Hardware wallet soon to ensure secure conversion during large scale of currency conversion.
2. It is listed on the exchange’s platform in the year 2017, and they now collaborate with currency exchangers like Ethereum and Bitcoin. They in the upcoming days will add all long-term and growing most popular digital currencies in this platform.
3. Here in this platform users can connect with third party miners which will offer then extra profit and reward which will automatically get stored in their wallet from where they can directly do shopping.
4. Those who want to integrate Cryptonex platform on their website for any purposes can use their API. Like all types of trading and exchanges instantly completed so a user can get their funds directly to their account or virtual cards from where they can do transactions.
5. For quick and secure trade and payments, they develop and introduced a web wallet and contactless payment system on their app for both Android and iOS platform.
6. Protection and security is an enormous challenge which they managed by their own security algorithm Scrypt. This algorithm protects and keeps data safe of all types of transaction in this platform from any kind of hacking and data loss.
Cryptonex CNX Token
Recently users can have CNX token in Ethereum wallet, and when those token are on airdrop, then those token can be traded for CNX. They decided to keep the creation of coin in a limit of a number around 210000000. From the total number of CNX coin 85000000 coins are held for circulation and remaining 15000000 CNX will be used in future for Cryptonex reward and bounty program.
In Cryptonex bounty program, users can earn CNX as a reward for sharing a post on the social network and as well as on the forum. Users will get 1 CNX for every single post and also if their posts have more than one active links directly to their official site then that user will get 2 CNX. Users can also earn CNX through its referral program. For every referral, they will get CNX and even 20 % profit when their references buy CNX token. They also keep bounty program for users those can write contents in a different language for different countries. Recently the price of 1 CNX in terms is the American dollar is $ 2.4531374. The price of CNX is gradually increasing which shows that users will have more benefits in the upcoming days.
They launched an ICO in September 2017. Their fund raised by around 17 million dollars from their 5000 users. They supplied 210 millions of coins and distributed in a different sector. 85 millions of CNX token are sold during is ICO pre-sale phase.15 million of CNX is kept reserved for bounty and reward program. 100 millions of CNX toke is in reserved for liquidity of currency exchange, and the remaining 5 million are reserved for their team members.
You can buy Cryptonex CNX from Yobit or HitBTC. To store Cryptonex, you can you can use your mobile Cryptonex app and also their web version which will save CNX directly on your desktop wallet account.
Cryptonex is in the news today as they have reduced the price of their commission. They recently launched their platform in many other languages like Hindi, Arabic, Vietnamese, Portuguese, Turkish, Russian, Chinese, French, Spanish and many other languages. They also clarify in the news that their P2P platform is developed and going to launch in a few days.
How to Buy Cryptonex CNX
To buy CNX, you need to first create an account directly from their official website. You need to register by offering some details, username, and password. When the registration is successful, you will receive an email link. Open your email account and click on the link to activate your Cryptonex account.
- Now sign in to the wallet with the help of your username and password. After login to buy CNX transfer Bitcoin or Ethereum to the wallet.
- If you want to buy Fiat currencies then first you need to first login to the Cryptonex wallet. You also need to register any of the three payment systems which I have mentioned above. After registration, you need to do with your KYC procedure. After successful KYC you can transfer money directly from your bank account to the wallet.
- Trading and digital currency exchange become more comfortable and straightforward with the Cryptonex decentralized blockchain ecosystem. It comes with an innovative thought which runs on its blockchain technology. First, it started to offers service on desktop version but gradually as technology getting advanced they make their application available for Android and iOS. With the help of the app, you can buy and transfer CNX, cryptocurrency and Fiat currency. For its simple and easy steps to covert and to exchange cryptocurrencies, they acquire a huge response from their user. Might they come late in this blockchain technology but within a short span of time they have got a positive rating from many brands those are on top in this digital currency platform.
After Bittrex controversial cancellation of RAID token’s Initial Exchange Offering (IEO), it did not stop the Singaporean based cryptocurrency exchange, KuCoin, to launch its first Spotlight project called MultiVAC. IEO has become a trending concept to native tokens of major crypto exchanges like KuCoin’s KCS that reportedly has gained 15.17 percent over the past 24 hours after hosting their first project on Spotlight or their IEO launchpad.
The MultiVAC project is the first of its kind that is hosted on the KuCoin Spotlight platform and is set to happen on April 3rd. Multivac is a fully sharded blockchain that has already accumulated a USD 15 million war chest from round A investments from a group of prominent blockchain project investors including Arrington XRP.
The sale will be for 600,000,000 MTV tokens, worth ~USD 3.6 million, with each token initially selling at USD 0.006. The IEO sale will be for 6% of total supply of MTV tokens and tokens will be allotted on a first come first serve basis and will only be accessible with KCS.
How To Participate in the Token Sale of Spotlight Projects
To participate in any of KuCoin Spotlight project, users can start by clicking the ‘Spotlight’ tab on KuCoin’s official webpage.
New and existing users need to log in to their KuCoin account and ensure that their KuCoin account meets the following buying guidelines:
1. KYC verification
To participate in the Token Sale of Spotlight, first, users are all needed to complete identity verification (KYC).
2. Trading Password
All users are also required to set up a trading password to ensure that their accounts are secured.
3. Countries Allowed To Participate
The following countries and areas that are not supported and cannot join the Token Sale:
United States of America, Bahamas, Botswana, Cuba, Democratic People’s Republic of Korea, Ghana, Serbia, Tunisia, Somalia, Zimbabwe, Pakistan, Nicaragua, Republic of Macedonia, South Sudan, Sudan (north), Sudan (Darfur), Iran, Iraq, Libya, Syria, Eritrea, Canada, New Zealand, Thailand, Japan, Mainland China, Ethiopia, Yemen, Côte d’Ivoire, Democratic Republic of the Congo, Sri Lanka, Afghanistan, Albania, Belarus, Bosnia & Herzegovina, Burundi, Central African Republic, Guinea, Guinea-Bissau, Lebanon, Liberia, Myanmar, Uganda, Ukraine, Trinidad & Tobago, Venezuela, and Tunisia.
4. Purchase Agreement
Users need to sign the purchase agreement. All are required to read the terms and conditions carefully. If they accept the agreement, please click ‘confirm.’
5. Enough KuCoin Shares (KCS) in Trading Account
To purchase, only KCS is approved as a payment method. They recommend that users purchase KCS in advance to guarantee that they have sufficient funds in their trading account (not Main Account).
All the above steps can be performed on the Spotlight page before the start time of the Token Sale.
How To Purchase Using The KuCoin Spotlight Page
1. After confirming that all criteria are meet and completed, ‘Coming Soon’ will be displayed. Or it will display “Unable to proceed the purchase; please complete the following criteria.”
2. If the activity has begun, users will be capable to select the purchase amount and click ‘Purchase Now’ to join the token sale.
3. To validate the purchase, users are required to input their trading password, then check the amount and total price before clicking ‘Purchase Now.’ Once the order proceeds successfully, there will be a message confirming the purchase.
4. To check users’ purchase history, they can just visit ‘Purchase History’ in the upper right area of the website.
What is BitShares?
BitShares, formerly known as ProtoShares (PTS), is a decentralized cryptocurrency exchange that is part of the Microsoft Azure blockchain. The platform was established in July 2014 by visionary Dan Larimer (“Bytemaster”), the co-founder of Steemit, Cryptonomex, and EOS.
BitShares is based on Graphene, which is an open source C++ blockchain implementation that works as a consensus mechanism. It is used by various other projects like Steemit.com, and PeerPlays.com (gaming site and token PPY) registering real-world usage.
Online exchanges are centralized systems, and the database is stored on servers managed by the exchange alone. Users require to create verified accounts to utilize its services, normally including scanning passport or driver’s license. Bitcoin and altcoins are still comparatively fresh concepts and yet experience from wild fluctuations. For this cause, there remains a requirement for a way to convert cryptocoins into a stable asset usually USD. Exchanges work this need by enabling users to buy and sell cryptocoins by converting from and to USD, EUR, and most other universal fiat currencies.
BitShares’ answer is BitAsset. It is a coin pegged to a real-life asset. Its value follows that real-life asset’s value. For instance, the BitAsset BitUSD follows the value of USD. In this way, users can convert BTS into BitUSD, the same way it would convert BTS to USD, without neglecting the blockchain itself. It preserves users anonymity and is immediate, costs less in transaction charges.
BitShares Lending Service
BitShares extends the capacity to loan BTS holdings with customizable reserve levels with a minimum of 200%, touching as high as 1000 or even 2000%+ reserves. BitShares integrates with any stock, commodity or currency pair given there are price feeds accessible. Also, bitAssets like bitGold, bitSilver, bitOil, and other crypto centered commodity pairings can even exist in this way.
It’s a working, dynamic “smart” economy which adapts to the requirements of the market. To help maintain price stability, large collateralized loans (10-20x) can be formulated enabling loans to last almost continually.
The BitShares Team
BitShares was founded in 2014 by Daniel Larimer, an American programmer, and entrepreneur, who was also responsible for the making of the Steem blockchain and is currently operating on the highly awaited EOS blockchain. Although Dan Larimer isn’t as well-known as Ethereum’s Vitalik Buterin or Litecoin’s Charlie Lee, he is still an influential brand in the world of cryptocurrencies, seen as an exceptional visionary who minds about the project and not just the immediate collection of funds.
BitShares is known as an open, scalable decentralized exchange and fintech platform with Smart Coins, which are a great tool for everyone from critics and savers to traders and entrepreneurs. Their services are just excellent, and notwithstanding all of these risks and difficulties mentioned, the team endures, grows and continuously irons out complications.
The BitShares blockchain has been around for several years, and it gives a toolset with which innovators can test to find optimal currency solutions utilizing free market discovery. BitShares has been under continuous development, gives a lot of functionalities and can be used for a wide array of purposes.
What is Monero?
Monero is known as a secure, private and untraceable currency system. It utilizes a special type of cryptography to guarantee that all of its transactions remain 100% unlinkable and untraceable. It is a fungible cryptocurrency that converges on anonymizing transactions and sets a private, censorship-resistant token that can be applied to transfer value around the world. By the use of a powerful privacy-focused protocol identified as CryptoNote, Monero has been capable of showing that transactions of value can certainly remain private from spying eyes.
How Does Monero Work?
Monero is from an application level cryptographic protocol centered on privacy called Ring Signatures.
Ring Signatures were originally introduced at a 2001 Cryptography conference in Queensland, Australia. The authors of Ring Signatures include Adi Shamir, Ron Rivest, and Yael Tauman. These are the core mechanism behind how Monero transactions are structured after being transmitted from the wallet.
The center use case of Monero is how transactions are not linkable or identifiable because of stealth addresses. It protects sender and receivers while also enabling selective observation of transactions through a public/private view key construct in addition to regular private/public keys.
Monero has a variable block limit which permits flexibility in data management (block sizes) and scalability. It requires this in significant part due to its architecture. Privacy needs more cryptography and data throughout transactions.
Eventually, Monero utilizes ring signatures, private ring transactions (RCT), and stealth addresses to confuse transactions at the protocol level to ensure sender and receiver protection from prying agents while still authorizing transactions to be verified by a third party if desired.
The Core Team
The core developer team at Monero comprises of highly talented individuals with a keen eye for privacy and anonymity. It is headed by a group of 7 developers of which five have preferred to remain anonymous while two have come out fully in public. They are David Latapie and Riccardo Spagni aka “Fluffypony.” Monero project is open source and crowdfunded.
Monero also has over 200 contributors to the project throughout its life. It goes within development upgrades that usually add updated features and enhancements to security nearly once every six months. A schedule like this enables Monero to continue growing and assures that the core team and all of the contributing developers can adjust to these changes, ultimately letting the Monero ecosystem and network to evolve.
Monero (XMR) completed a hard fork on March 09 that will further enhance its privacy, security and ASIC resistance. The hash rate following on its update of the Monero network fell by from 1.14Gh/s to 162.14Mh/s which is 90 percent. Moreover, two new Monero trading pairs were added by topmost global exchange, Binance. Provided these developments, the cryptocurrency came out this week as the fifth best performer.
The bulls are endeavoring to bring the XMR/USD pair above the strike of the range at $60.1470, and then the 20-week EMA at $62.50. If successful, a fast rally to $81, succeeded by a move to $114.840 is feasible. The long-term objective is $150.
As part of their continuous development, Monero has listed XMR to KuCoin, one of the leading cryptocurrency exchanges globally. Deposits commenced on March 26, 2019, at 4 pm HK time with supported trading pairs including XMR/BTC and XMR/ETH.
Golem The Decentralized Supercomputer
Golem is one of the most ambitious projects that have come from Ethereum. Golem is one of a kind supercomputers that use the combined power of systems available on its network. It is a decentralized worldwide distribution of computing power. In this, a user can give their systems power to the golem network where others need computing power to perform some very complex tasks, and you can earn money in the form of Golem tokens for lending your computing resources. It is a great way to make some money while browsing the internet just by borrowing your underutilized resources.
With this platform, users can rent the computing power according to their need or to speed up their tasks. It is an ideal scenario for users who perform CPU intensive tasks like artificial intelligence, natural language processing, machine learning, and neural network processing. But the Golem team is primarily focusing on the CGI rendering which is a very intensive task and takes more time than anything to complete it.
Nowadays Crypto investors are closely monitoring the cryptocurrencies besides the top 10. The top 10 cryptocurrencies are already performing to their potential but to find the hidden gem that comes out beside top 10 is essential as the investors don’t want to miss out on anything.
How Golem Works
Golem is often referred to as the Airbnb for computers just because of the nature of the working of Golem. Golem has come a long way since its inception. The Golem ecosystem mainly consists of two key attributes which drive the Golem network forward. First Golem version Brass was released way back, and it is still in the beta phase of the development as they have only completed the development for CGI rendering. Its Brass beta version is live on Ethereum mainnet. Its payment system is dependent on Ethereum smart contracts once smart contract completes the funds moves from a requestor to the provider.
The key components of Golem are listed below.
It is a tool for other developers to publish their own Ethereum smart contract based Golem applications which will deploy on Ethereum mainnet. It will be straightforward for developers to find the users and requestors and provide them the tools they’ve been looking.
It consists of the specific rules for developers to follow to implement the payment infrastructure for their own Golem app. It will make Golem one of the most robust and decentralized application that consists of all type of devices which ranges from personal laptops to big data centers.
The decentralization is a huge aspect of the Golem as it can never be dominated by a single entity that is why this is a considerable achievement in the field of computing one day it will become a necessity for every developer in the world. Golem uses technologies like Whisper, IPFS/Filecoin, Swarm, Ethereum and DEVp2p and one day by using all these it will substitute the existing data centers to power the projects.
The Team at Golem
The founders of Golem factory are Julian Zawistowski, Piotr Janiuk, and Andrzej Regulski. Here Julian serves as the CEO of company and Piotr as CTO. Andrzej is the COO of the Golem factory. These are the main people at Golem factory, and many other members also work at Golem in various departments. Golem has more than 30 members in their team, and they are looking to expand their team. There are various open positions at Golem if any of you is interested in working with Golem you should check it out. They also listed the LinkedIn profiles of every member of the Golem team. It is a good thing as they are fully transparent about the structure of the team.
ICO and Token
The ICO of Golem was held way back in 2016, and it was priced at USD 0.0101 and they sold about $8 million worth tokens in the sale. The necessary details about the ICO are listed below.
Basic ICO details
- Token – GNT
- Type – ERC20 based on Ethereum
- ICO start date – 16th November 2016
- ICO end date – 16th November 2016
- Price – $0.0101 USD
- Hard Cap – USD 8 million
- Accepted payments – ETH
- Tokens for sale – 820 million
Total of 1 billion tokens was created, and out of them, 820 million tokens were available for sale in the ICO. The Token of Golem GNT is based on the Ethereum, and their whole project is launched around Ethereum blockchain. The GNT is responsible for all the communications between the requestors and service providers. The network only accepts the GNT tokens for any of the transaction completed on the network.
Where to Buy Golem Token
Golem token GNT is available to trade on many exchanges as of now. The token GNT is quite popular in many trades and many parts of the world. It also has a special partnership with binance. There is not any single exchange that is trading more than 1 million USD per day in GNT value. But many exchanges have the trade value close to that. The most popular exchanges for GNT are listed below.
Golem coin exchanges
• CoinEx Market
These are those exchanges that have daily trade volume more than tens of thousands. Upbit alone accounts for around 17% of total daily trade volume. Trading with these exchanges is quite easy you can sign up with exchanges, or you can use one of your existing wallets that are available online like EAL or Metamask. But to be safe in storing your coins you should use one of the hardware wallets like Ledger. You can use any wallet that supports ERC20 type token then you’ll be all right.
It is one be better projects to come out of Ethereum blockchain. So it is evident that everyone from the crypto industry was waiting for the project and seeing how it perform on the market than invest in it. Well, it was not until April 2017 that its token saw an increase in the performance and by June 19 it was reached at USD 0.68 per GNT, and the market cap was 565 million USD. But the burst of the crypto industry in January 2018 was the better day for Golem tokens. As it saw five-fold increase in price and it was priced at USD 1.15 and the market cap at that time was USD 956 million which was touching a billion dollars I mean billion dollars that is massive.
But as that phase of the crypto industry passed and every major crypto coin saw a decrease in their prices and was brought down to the ground in the following months but mind you, its price again surged in the May 2018. And since then its price is quite steady relative to other cryptocurrencies and currently is priced at USD 0.28 and saw a minor drop of 0.57% in the last 24 hours. It should not be a worry for its investors. The previous 24 hours trade volume is sitting at USD 3 million which is relatively low from its past, and the current supply of GNT tokens is 839 million out of 1 billion tokens.
The price of GNT tokens has not been predictable at all, but we can surely say that it will go up soon. As of right now, an only beta version of Golem platform is live, but they are working on a more upgraded product of their platform. Once It is fully live, then it will attract more users, and that will mean its daily trade limit will improve and thus the improvement in its pricing.
Golem team is not entirely fond of social media platform which is why they are not on almost all social media platforms except some. They have a dedicated chat for their users and consumers called Rocket chat where the requestor and provider can chat, and I don’t know if you can contact the company personnel with Rocket chat. I guess that one you’ll have to figure out yourself.
However, they do use Twitter quite frequently as their feed on twitter looks legit and they post every little update there so you can follow there. They do have an official Reddit thread where all the users can participate in the discussions and be updated about the project and their guidelines all the time. They do have an official blog for their updates and post at blog.golemproject.net where you can find the entire informative article about Golem project.
Overall it seems a good project but the real question is that is it scalable or not well we can only find out about that after the release of the next stage of development. That is Claystone and then Stone Golem and lastly Iron Golem and with all these releases the platform will become stronger and powerful. The full potential can be attained with the version of each phase of the project.
They had also held a bug bounty competition for anyone in the world to earn some extra money only if you expose the bugs. It is an excellent way to test the platform for potential flaws and make it stronger. So it has come a long way, and it only remains to see how far it will go.
GoNetwork proposes to resolve the big issue of scaling in the Ethereum network. It is intended to be a highly scalable, low cost mobile first network for Ethereum.
According to Anderson Horwitz’s presentation cited by Forbes, “mobile is eating the world.” Cryptocurrencies have helped small business in the real world to date. By their estimation, the adoption of cryptocurrencies by consumer masses connects to developing transaction latency and implementing accessibility to blockchains through mobile platforms.
The GoNetwork platform (“GoNetwork”) is being created and developed by the Company. The Token Generator is managing the generation and sale of GoTokens. The Company and the Token Generator are separate legal entities. There are many outstanding communities, such as Plasma or Raiden, generating tools to succeed scalability boundaries on blockchains for desktop platforms. However, GoNetwork’s participation address difficulties associated with scalability on mobile platforms into supporting state channel transfers to mobile platforms.
GoNetwork Platform Overview
A significant limitation of blockchain is transaction throughput, which points to high latency. A process that is broadly studied and the frontrunner to relieve the scalability issues involves state channels. State channels allow a minimum number of transactions on-chain to facilitate a set of balance transfers between parties “off-chain” effectively at no cost and with high throughput. State channels involve two participants, herein referred to as “actors.”
Transactions are serialized and signed13 by the payer so that neither party can modify the value transfer; as long as at shortest one of the actors chooses to present it to the blockchain which requires the final balance confirmation.
In the situation of dispute, resolution happens on-chain with a time window for each actor to perform counterparty approved transactions.
GoNetworks’ GoToken As A Promising Token
A significant concern with blockchain technology centers on speed and a high charge of transactions. Transactions on blockchains like bitcoin are costly and slow. With increasing usage, Ethereum will manage no difference over time. GoNetworks solution resolves this difficulty by enabling off-chain transactions.
Adjacent direct transfers, GoNetwork performs Hashed Time Lock Contracts (HTLC)14 which are state transfers that are secured with a cryptographic hash. It is only when the receipt of the secret can the transfer be accomplished. The development of HTLC mechanics permits future discharges to incorporate such functionality as; single-hop mediated transfers within the state channel network topology and atomicswaps. HTLC allows arbitrators to carefully forward value transfers amongst payer and payee.
GoNetwork uses GoToken, an ERC20 cryptocurrency, to perform all transactions.
The team is unquestionably exceptional, with skilled developers and business experts from major companies like Infinidy Corp and Tinder.
Founder of the Infinidy Corp, a major game development company. Khan has a background as the CEO of a major company, and with several connections in the business world already built, he’s an influential leader for the team.
Software architect & Blockchain specialist. Spearheaded research and development while operating at Internet of Things company BlueRover as Vice President of Software Architecture R&D. He has also served at several Ethereum based open source projects.
Cai graduated with distinction and honors in Software Engineering from the University of Waterloo, Ontario, Canada. He’s the co-founder and CTO of Infinidy Corp, and a serial entrepreneur who has built outputs that have been adopted by millions of people and have gained a large active user base.
Tezos is the world’s first self-evolving blockchain and is a smart contract platform comparable to Ethereum. Cryptocurrency tech is innovating at such a pace that it appears rather difficult to keep up with all the modern developments. As discoveries unfold, Tezos predicts that their blockchain will endure on the cutting edge.
How Tezos Work
Tezos is a peer-to-peer, distributed, and permissionless network which strives to advance a few notable enhancements over its well-established neighbors. To be specific, the team markets themselves on the principal approaches of self-amendment and on-chain governance.
It is a key feature that focuses on the involvement of all stakeholders in the administration and governance of the platform. Stakeholders can vote on corrections to the Tezos protocol and even modifications to the voting procedure itself. In the most straightforward case, stakeholders will support or veto changes in the code or protocol.
The Code Evolution
A typical blockchain utilizes the following three protocols to work:
Network protocol – recognizes blocks and broadcasts transactions
Transaction protocol – determines what constitutes a transaction valid
Consensus protocol – defines how consensus is reached in a unique chain
But, in Tezos’s case, they adopt a generic network shell which is compatible with the various transaction and consensus protocols a blockchain requires. In other words, it was created with a modular fashion. This new blockchain is kickstarted with a seed protocol which will then be democratically designated as the project develops.
The source code is executed in OCaml which is a fast, compliant, functional programming language which should accommodate such an ambitious project and its technical specifications.
Tezos points to the staking process as “baking.” In this blockchain model, bakers perform deposits and are compensated for signing and publishing blocks. Any lousy behavior by bakers will end in a lost deposit. Based on the latest data, there are then 450+ bakers providing to the safety and security of the system.
Since one of the primary philosophies turns around a virtual democracy, any token holder may choose their baking and voting rights to others in the network.
ICO And Trading History
The Tezos foundation had obtained 66 000 Bitcoin and 361 000 Ether after the completion of their ICO. In 13 days, a huge $232 million in funding was sent to the project using investors and is a record-setting amount for any ICO at the time. It is a huge success compared to barely two years earlier. Mr. Breitman failed then to convince various big banks to invest roughly $5 to $10 million in his project.
Tezos XTZ was launched on June 24, 2017, at a price of about $3 per coin. It touched a peak of $10.50 at the height of the buying craze in the overall cryptocurrency market throughout the middle of December 2017. The price had yet declined considerably sharply since then along with the rest of the market and trades at around $2.65 on August 17, 2018. Daily volumes are reasonably stable and trade above the $2 million marks paired with Bitcoin(BTC), Ether(ETH) and Tether(USDT).
According to CoinMarketCap, there is a total supply of approximately 763 million “Tezzies” in the currency pool. The live blockchain or mainnet was officially launched on Monday, September 17. The much expected mainnet launch follows the beta testing phase, which commenced on June 30.
The project is the idea of Arthur Breitman. A French-born, and has notable experience working for large corporates like Morgan Stanly and Goldman Sachs. Along with his wife Kathleen, they now manage the cryptocurrency project from a San Francisco office.
Arthur Breitman is a known computer scientist and mathematician who has background working in the financial sector. He closely regarded the historical rise and adoption of Bitcoin from the outset and perceived it’s “inability to evolve” and instead direct to hard forks. His suggested solution is the Tezos project that exists today.
Kathleen Breitman also has expertise in the financial sector as she was working for distinguished companies such as Bridgewater Associates and R3. The latter provided her insights into distributed database technology.
Arthur issued two papers about his self-amending cryptocurrency vision in 2014. Those papers have developed into the present Tezos whitepapers. In the following year, he founded a company in the US called Dynamic Ledger Solutions (DLS).