Cryptocurrency users can surely transfer funds to each other easily, but they are still dependant on fiat currencies when buying day-to-day items granted that very few places take cryptocurrencies. Part of the crypto world has become conventional to the concept of growing alongside the legacy financial system, a method that may view blockchain technology integrated with the present financial standard cooperatively, rather than overcoming it. With this in mind, various projects in crypto have set out to design products created with the existence of fiat currencies in mind. It is the case with stablecoins.
A stablecoin is a blockchain-based cryptocurrency whose worth is pegged to that of a more stable asset like gold, oil, or fiat currencies. As such, stablecoins remains the same value as their underlying asset, alleviating the high volatility currently present in the Bptocurrency industry.
What is TrueUSD (TUSD)?
TrueUSD is a new project that has developed and launched a stablecoin, proposes a separate strategy to trade with both of these issues and, while the project is young, TrueUSD seems to endeavor towards a higher figure as its name alludes to.
US Dollars in the TrueUSD system are kept in the bank accounts of many trust companies that have contracted escrow agreements, rather than in a bank account managed by a single company. According to TrueUSD, the contents of related bank accounts are issued every day and are subjected to monthly audits. This method of storing USD guarantees that the user can have higher trust in TrueUSD considered as the collateralized holdings are not centralized in any single entity, but preferably distributed throughout multiple fiduciary partners.
Technology and Features
Regarding the technology, TrueUSD executes a framework that assures they are not in management when issuing tokens. While the USDT tokens are distributed on the Bitcoin blockchain through the Omni Protocol, TrueUSD (TUSD) tokens are based on the Ethereum blockchain, enabling for a more advanced issuance mechanism.
If someone wants to get TrueUSD through the online application, they will require to pass a KYC/AML check. Once that’s finished, they can transfer USD to one of TrueUSD’s trust company partners. Once the trust company establishes the funds, their API will direct the TrueUSD smart contract to distribute tokens on a 1 to 1 ratio and to transfer them to the Ethereum address connected with the account at hand.
Once transferred to the wallet, the tokens can be carried to a friend or used as payment, merging the benefits of fiat (stability and trust) with those of cryptocurrencies, decreased fees and transfer times. The user can also claim real US Dollars by giving the TUSD tokens back to the smart contract address, which will inform the trust company, and begin a bank transfer to the account user.
The system above proves that the issuance occurs in a decentralized environment that uses multiple APIs, which guarantees the handling of the underlying fiat currency is higher to previous alternatives.
The TrueUSD (TUSD)
TrueUSD is considered as a USD-backed ERC20 stablecoin that is sufficiently collateralized, legally protected, and transparently supported by third-party attestations. TrueUSD utilizes multiple escrow accounts to lessen counterparty uncertainty and to give token-holders with legal protections against misappropriation. TrueUSD is the first asset token created on the TrustToken platform.
How To Use TUSD
TrueUSD has been produced with some use cases in mind including manageable financial services, trading, and online commerce. Although a very different infrastructure can be created around the TUSD token and other upcoming TrueCoins, the possibly strongest use case is as a replacement or option to USD on cryptocurrency markets.
Who can utilize TrueUSD?
They’ve created the alpha version to address the urgent requirements of crypto exchanges, crypto traders, and financial businesses.
Crypto Traders and Exchanges:
Cryptocurrency traders require a trustworthy stablecoin to hedge upon volatility and access crypto markets without immediate exposure to BTC/ETH.
Everyday people and businesses can experience the advantages of digital currencies, faster transaction speed than ACH, global influence without the volatility of Bitcoin. Now users can repay a salary, take out a loan, or get coffee with a cryptocurrency, allowing a new economy of cryptocurrency financial applications.
Some developing markets are more reliant on cryptocurrencies for trade.
Financial companies that require to get into crypto, but have right reservations against setting, e.g. $100M into a new algorithmic stablecoin versus $100M of “legally-enforceable certificates of ownership of the US dollar.”
The Core Team
The team comprises from Stanford, UC Berkeley, Palantir, and Google; its supporters include Founders Fund Angel, Stanford-StartX, and Blocktower Capital. The TrueUSD team has produced a legal framework for collateralized cryptocurrencies in partnership with WilmerHale and White & Case and has a system of fiduciary, yielding, and banking partners.
What is DigiByte?
DigiByte is considered as a public, fast-growing and highly decentralized blockchain. It is a digital asset that cannot be destroyed, forged or hacked, making them ideal for guarding objects of value like currency, data, property or important digital information.
DigiBytes can be transmitted over the DigiByte Blockchain and forever marked on an immutable public ledger that is decentralized on thousands of computers all over the planet.
How Does DigiByte Works?
DigiByte at first glimpse is another digital asset that subsists on its own decentralized public blockchain. It successfully claims to be “the world’s longest, fastest and most reliable UTXO blockchain in existence.” It was built as a superior option to Bitcoin, thinking a faster, more secure cryptocurrency that reaches a broader community. The blockchain is expanded over more than 100,000 nodes, endeavoring for the final level of decentralization.
Whereas Bitcoin’s regular block time sits at 10 minutes, DigiByte’s 15 seconds gives users just enough time to open devices. The project has an imperative need for speed, with the block time doubling every two years – efficiently turbocharging the network’s number of transactions per second with an unbelievable projected rate of 280,000 p/s in 2035. DigiByte’s current scale of 560 p/s already overshadows Bitcoin’s 7 p/s.
DigiByte’s peripheral concern was to bridge the gap between gaming and digital currencies, with players being compensated in-game with the DGB token. Things started with a bang, with DigiByte adding many integrations with games that include Minecraft and League of Legends. After giving out millions of tokens, the team shut down DigiByte gaming in May 2017 after severe technical issues.
What makes DigiByte More Secure?
The DigiByte blockchain is spread over 100,000+ servers, computers, phones, and nodes worldwide.
5 Mining Algorithms
DigiByte utilizes five secure and exceptional cryptographic mining algorithms to stop mining centralization compared to single algorithm blockchains.
Advanced Difficulty Stability
Difficulty regulations protect a blockchain from several forms of malicious attacks. By designing and executing DigiShield & MultiShield, DigiByte has the most advanced complexity stability of any blockchain in the world today.
What makes DigiByte Faster?
15 Second Blocks
DigiByte has the fastest block speed of any public UTXO blockchain in the world presently with 15-second block timings.
Early SegWit Implementation
Segregated witness acknowledges for several innovations to occur on top of the DigiByte blockchain such as cross chain transactions and single authentication transactions.
DigiByte transactions, unlike other transactions on other blockchains, are limited in size and range to increase speed, efficiency, and throughput. Most importantly this preserves security.
The DigiByte Team
DigiByte’s reliability rests on the shoulders of Jared Tate. While Tate has an important presence both in the physical and online world, the DigiByte project is not similar to Bitcoin in the understanding that it’s an open-source project.
The team is comprised of dozens possibly more of contributors worldwide. While the idea of an open-source venture is commendable, the implementation of such a project is complicated. Almost every sustainable, successful cryptocurrency has a well-documented team composed of experts from a diverse range of industries at least; these are the projects that draw corporate partnerships and public adoption.
That said, the “team” is available across its broad array of social media channels such as Twitter, YouTube, Facebook, and more.
The Stellar (XLM) is a distributed hybrid blockchain technology platform that is based on a ledger and database. It is a non – profit community – owned network which facilitates cross – asset transfer of values (such as payments) at a portion of a penny.
XLM serves as an open source financial cryptocurrency system that connects people of all income levels to access low – cost financial services. This cryptocurrency is intended to bridge the gaps between distinct closed systems that comprise of existing international financial markets. Plus, the network establishes a common and egalitarian international financial platform; it has adopted a bilateral stand which instantaneously provides solutions to centralized banking system by expanding the access to low – cost financial services to the unbanked and underbanked institutions.
In addition to that, Stellar has a technical architecture which consists of three elements:
- Stellar Network – worldwide network of nodes that are maintained by users, holders, and organizations.
- Stellar Core – serves as the network’s nodes
- Horizon application programming interface (API) – applications such as online banking apps, mobile wallets, and payment services all work together through this element.
Fun fact: Did you know that Stellar was originally based on the Ripple (XRP) cryptocurrency model and protocol? It is actually the fork of the said crypto that is backed up by a $3,000,000 loan from Stripe. That is why both the crypto exchanges have a lot in common, the only catch is Stellar is an open source and decentralized network.
The Special Features of Stellar Lumens (XLM)
The Stellar Lumens founding team aims to integrate within the modern financial ecosystem. Having said that, here are the following special features:
- Fast – processing transactions
- Stellar Consensus Protocol – the platform’s consensus algorithm which uses a united byzantine contract model that is unique in the blockchain ecosystem.
- Distributed exchange – with XLM coins, users can send any cryptocurrency that they hold to anyone else in a different currency.
- Order book – crypto exchange is submitted as an “offer” to the order book – a special feature which finds the cheapest exchange rate for the transaction in – order to minimize the fees.
- Anchors – also called as integrators, these serve as trusted entities that issue credits and hold users deposits. So instead of using a standalone cryptocurrency to transfer value on an international reach, XLM users would simply transfer fiat currency – equivalent credit over the blockchain. Essentially, anchors connect different currencies to the Stellar Network.
- Built – in decentralized exchange (DEX) – with this special feature, company startups to establish their own custom ICO on the Stellar Core Network. DEX allows users to combine concepts into modified structures that facilitate dividend issuance, bonds, collateral debt and escrow.
Stellar (XLM) ICO Profile Information
The ICO acronym stands for “Initial Currency Offering” and/or “Initial Coin Offering”. Initial Coin Offering refers to an individual who offers potential investors some units of a new cryptocurrency platform or a new crypto – token in exchange of legal tender or other cryptocurrencies.
On the other hand, an Initial Coin Offering is the unregulated way of crowdfunding is used for the development of new cryptocurrency endeavors. An ICO is typically used as a source of capital by company startups to avoid the demanding procedures required by financial institutions such as banks.
The Stellar Lumens does not handle any software type (like Ethereum) but it is one of the better choices for ICOs. With that being said, we have provided tables below indicating the detailed ICO profile information of Stellar (XLM):
|STELLAR (XLM) ICO OVERVIEW||PERCENTAGE|
|Complete Metrics Score||Total of 69%|
|Major Exchanges Trading Activity||67% Liquidity|
|Source Code Repository Activity||82% Developer|
|Social Media and Discussion Board||59% Community|
|STELLAR (XLM) CORE OVERVIEW||STATISTICS|
|Merged Pull Requests||280|
What is a Stellar Lumens Coin (XLM)?
Stellar Lumens or Lumens (XLM) is the unit of a digital currency (native asset) that issued by the stellar.org platform (do not confuse Stellar with Lumens, Stellar is the network platform while Lumens is the cryptocurrency of the said network).
XLM serves as the intermediary cryptocurrency on the Stellar Network which facilitate multi – currency transactions at a low cost whilst preventing denial – of – service attacks (spam). Fully half of the Lumens coins are distributed via a direct signup program that dispenses free XLM coins to users; 50% are directed to a partnership program that encourages contribution to the network; and 20% is airdrop to BTC and XRP holders, with the remaining 5% to be reserved for the Stellar Development Corporation.
In line with Stellar’s low fees, a base fee (or nominal fee, which increases if the system suspects that a certain account is submitting transactions with the intention of shutting the system down) of 0.00001 XLM is accompanied with every transaction to dissuade malicious users from spamming the platform (the base fee is collected, redistributed and goes to the network’s inflation pool, this releases 1% rate of Lumens per annum).
What is the Potential Price of a Lumens Coin (XLM)?
The Stellar boasts Lumens (XLM) built – in crypto coin capabilities which made it possible for organizations that do not require difficult smart contracts to create their own custom – made tokens on the XLM blockchain and launch an ICO.
Speaking of the value of Lumens (XLM), the crypto coin has experienced an unstable start this 2018. XLM coins experienced an uptick of over $0.90 USD to a late March plummet of $0.18 USD. Current announcements of potential bank incorporation, however, have seen Stellar evoke its lost ground, recovering to the $0.24 USD.
With that being said, we have provided tables which indicate the potential price of Lumens coins (XLM):
|XLM Coin Information||Details|
|Current Price||$0.213413 USD (0.00003215 BTC)|
|Market Capitalization Rank||#8|
|Coin Price Hourly Change||+0.73%|
|Coin Price Daily Change||+3.99%|
|Coin Price Weekly Change||+11.74%|
|XLM Coin Investment Information||Details|
|Market Capitalization||$4,003,814,097 USD (603,215 BTC)|
|Available Supply||18.8 billion XLM|
|Circulating Supply||18,760,872,565 XLM|
|Total Supply||104.1 billion XLM|
|Trading Volume (24 Hours)||$34,294,100 USD (5,167 BTC)|
|Trading Volume (24 Hour Low)||$0.202334 USD|
|Trading Volume (24 Hour High)||$0.215803 USD|
|All – Time High||$0.875563 USD|
|Since All – Time High||-76%|
|All – Time High Date||
|Restricted Countries||No Restrictions|
List of Stellar (XLM) Trading Exchange Sites
As of the moment, Lumens coins earned the 7th spot of having the largest market capitalization among cryptocurrency exchange platforms.
The Stellar (XLM) Team
The Stellar Lumens (XLM) cryptocurrency exchange platform was officially found in 2014, it is dubbed as the “future of banking”. Without further ado, let us introduce you to the key people that launched stellar.org in 2014:
- Jed McCaleb – co – founder of the Stellar Development Foundation; McCaleb also works as a developer and chief technology officer (CTO)
- Nicolas Barry – works as a chief technology officer (CTO)
- Scott Fleckenstein – works as a software developer
- Rafal Malinowski – works as a software developer
- Bartek Nowotarski – works as a software developer and engineer
- David Mazieres – works as a chief scientist
- Boris Reznikov – works as a director of partnerships
- Lisa Nestor – works as a director of partnerships
- Ella Qiang – works as a director of partnerships in China
- Tunde Ladipo – works as a director of partnerships
- Keith Rabois – former senior executive at PayPal, board member at Xoom, and an early angel investor at Youtube, Airbnb, among others.
- Greg Brockman – former chief technology officer (CTO) at Stripe
- Shivani Siroya – chief executive officer (CEO) of InVenture
Board of Advisors
- Patrick Collison – co – founder and CEO of Stripe
- Matt Mullenweg – CEO of Automattic which is the founding company of WordPress.com; Mullenweg also earned a spot in Forbes’ “Most Influential Angel Investors on AngelList”
- Ronaldo Lemos – board member of Mozilla Firefox Foundation and director at the Institute for Technology and Society of Rio de Janeiro (ITSrio.org)
- Dan Kaminsky – serves as Stellar’s technical advisor
- Greg Stein – director at the Apache Software Foundation and member of the Phyton Software Foundation
- Naval Ravikant – co – founder and CEO of AngelList; Ravikant is also an active angel investor of Twitter, Uber, among others.
- Sam Altman – president of Y Combinator
- Bhagwan Chowdhry – professor of finance at UCLA Anderson
The Stellar Lumens (XLM) Road Plan
The Stellar Core Network core team aims to combat poverty and develop people’s potentials when it comes to financial services. Having said that below is a glimpse of the milestones of the Stellar road plan through the years:
- The Stellar Network has officially launched 100 billion Stellar coins (former name of Lumens coins).
- The core team has officially released the upgraded version of the network.
- The core team has come to a decision to change the network’s cryptocurrency’s name from Stellar to Lumens (this is to not confuse the users that Stellar.org is the non – profit organization network and Lumens is its crypto coins)
- Stellar has officially partnered with International Business Machines (IBM), Stripe, Deloitte, Wipro and many more organizations that use the Stellar Network to simplify cross – border transactions.
- The Stellar Network has already given away more than 8 billion XLM coins to users
The Stellar Lumens (XLM) Project
The Stellar Core Network project is a conflict-ridden subject matter within the blockchain community (competitors of this cryptocurrency argue that the platform is not really decentralized), nevertheless the platform still have the upcoming projects in store for the coming years:
August 30, 2018
- Hard fork of the Stellar Network – soon all XLM holders will be official owners of Stellar Dolphin
October 1, 2018
- Lightning Network Beta Version – the Lightning Network will be integrated to the platform soon, in collaboration of Bitcoin core developer Jeremy Rubin. This beta version will feature “lightning” speed transactions (hence the name) while keeping the transaction fees very low.
- To integrate the Lightning Network on the Stellar Livenet
- To launch The Stellar Decentralized Exchange (SDEX), the core team is still on the works to release a world – class frontend which features: a day – one trading for any XLM ICO token, atomic matching to partner the cheapest rates between any two digital assets, and end – user control of secret keys.
- To improve general brand communication
- To implement walk – through to help people on all income levels to get going
- To enhance technical documentations (such as release notes)
- To further improve the Horizon API and surrounding software development kits (SDKs)
- Stellar Lumens users will be required to procure XLM coins from 3rd party users.
To conclude, the Stellar Core Network together with its Lumens coins (XLM) is competitive with other cryptocurrency on so many levels. As a matter of fact, the platform is in direct competition with Ethereum’s ICO for being a digital assets partner of financial institutions, banks, and other businesses.
This makes the Lumens coins (XLM) the crypto to look out for, due to its low price, low transaction fees, and fast processing transactions.
Solve.Care, known as a decentralized platform for the administration of healthcare and benefits programs announces their partnership with LYFT. It aims to accommodate patients and providers with more options and control over non-emergency medical transportation.
Lyft providing a more technically excellent, economical alternative to taxi services, will assuredly improve access to medical care with first-of-its-kind blockchain and ridesharing service integration.
With more than 300 cities served in the United States and expansion plans to other countries, it is perceived as a company that in the coming years they will have a more significant number of users. This growth can serve to solve.care, since many users can refer directly to require the services of the company blockchain.
The integrated solution will allow for Solve.Care’s wallet holders with higher access and control over healthcare-associated transportation. The users will be capable of scheduling their own Lyft rides to doctors’ offices, hospitals, and pharmacies, with the facility to plug in sought arrival times. As an addition, patients can automatically compensate for the ride with their Care.Wallet and share ride costs with their family members, employers, insurers and others. The partnership also allows for coordination between a patient, provider and family members, regarding assistance, arrival, cost and schedule adjustments.
Pradeep Goel, Solve.Care’s CEO explained that they are continuously working to give better access to medical care. By partnering with Lyft, their platform will provide a more effective and seamless experience for patients and allow payers, employers, and other agencies to improve patient satisfaction in timely access to care, lessened wait times, and simpler cost-sharing and access to transportation support.
The platform utilizes Blockchain as the underlying distributed ledger to totally change the way coordination of care, benefits administration and real-time payments are fulfilled in healthcare. The innovative use of Blockchain by the Solve.Care platform supports for configuration of patient-centric care administration networks that enable participation based on disease conditions, financial and social requirements, employment, and other eligibility standards.
The blockchain technology has positively presented great promise of service for multiple applications, over many areas. But, despite the potential, we have still to witness a new generation cryptocurrency achieve mainstream mass adoption on a global scale.
There is an arising demand for cryptocurrencies, although, cryptocurrencies are only at 0.5% adoption globally. A strategically created cryptocurrency that can scale and maximize value for the world serves a welcomed alternative at this instant in time. Right now, top cryptocurrencies don’t have all that it takes to attend this need.
What is Energi?
Energi is the cryptocurrency for world adoption. It aims to accomplish this by fostering a self-funding and governance system, understanding and innovating the most advanced technology in the space that includes full smart contract capacities, and infinite scalability. Moreover, by eliminating the cryptocurrency space’s current restrictions to admission, Energi will become the most user-friendly, reliable and trusted platform for building and trading value.
The Value Propositions
Energi is a self-funding cryptocurrency that envisions to bringing mass-adoption of cryptocurrency. It highlights a self-funding treasury system and will ultimately evolve into a
smart contract platform.
It is self-funded by the treasury emissions, which support for the long-term development of the technology platform. The Treasury has one of the most significant percentage allocations in the space. This treasury funding admits for a viable long-term model that will advance the technology and the community.
In an organization with self-funding, a strong governance model allows Energi to bypass the pitfalls and magnify the successes of its predecessors, making community-driven choices that will maximize scalability and also drive global adoption.
Out of the want to raise a fair and stable cryptocurrency ecosystem, Energi preferred not to organize an Initial Coin Offering (ICO) and to not pre-mine any NRG. It served to reduce the centralization of the Energi network.
Smart Contract Platform
Energi’s working blockchain system, and with NRG currently traded on \different exchanges and just recently listed on one of the leading cryptocurrency exchange globally known as KuCoin. Energi’s blockchain development team is in the process of developing a smart contract platform, to moreover drive network effects that will support global adoption.
Energi Coin Specifications
Block time: 1 minute.
Hashing Algorithm: EnergiHash (ASIC-resistant).
Masternode requirements: 10,000 Energi.
Treasury cycle: Every 14 days.
About 1 million Energi is released per month.
The allocation can be recognized easily as “10/10/40/40.”
10% to the Energi Backbone
10% to Miners
40% to Masternodes
40% to the Treasury
The Energi Team
Energi joins strong practices from all connected realms to build out a truly world-class and top-level cryptocurrency platform. Its core team honors from remarkably strong backgrounds in Cryptocurrency, Finance, Economics, Marketing, and Development.
Energi is lead by their CEO and Chairman, Tommy World Power. He is a respected thought leader and educator in blockchain & Cryptocurrency community. Founder of the Energi vision and had organized teams of high-quality developers.
Ryan Lucchese managed the day-to-day operations and heads the development team. He is Energi’s President and people-first approach to technology while leading by example.
Other important members are David Doss, the VP of Marketing, and Carolyn Seet as the VP of Operations.
Hybrid evidence of work for service system provides a unique method to incentivize the whole process of full nodes financially. Loki leverages these incentivized nodes to produce a secondary private routing layer. Minimum node functionality around the second layer is monitored and enforced with a novel method known as swarm flagging. Loki relies on off an altered form of the Monero source code, assuring that transactions acquire a high amount of privacy.
What is Loki?
Loki is considered as an open source and decentralized cryptocurrency, messenger plus an application platform based on CryptoNight. It adopts key privacy top features of Monero for instance: Stealth address, ring signatures and rings private transactions. On top of that, they intend to give you a platform through which anyone can take shape Service Node Applications (SNApss). SNApss are anonymous, decentralized and uncensorable which functions as a tool to create an application that mainly focuses on privacy and resilience.
The initial Service Node Application to get develop this network is a messaging service. Loki messenger that’s a finish to complete encrypted privacy messenger. This feature is stated inside their road-map that’s likely to be offered by this year’s end.
The Loki Network
With Loki, there’s a blockchain layer like most are knowledgeable about then from that you have a protocol layer or network layer. The blockchain layer is created within the source code of Monero also it’s what imparts to Loki all the fantastic features like RingCT, ring signatures, and stealth addresses. Aside from individuals features the blockchain layer has some variations from Monero. The primary change is the hybrid Proof-of-Work/Proof-of-Stake consensus protocol and hybrid nodes which will make its second protocol layer possible.
The protocol layer can be a distributed network comprised of the service nodes and operates involving the nodes themselves without any blockchain. Because of these design individuals operations happening in this particular layer are off chain which is what gives Loki its scaling ability, and it’s called Lokinet.
The nodes speak with each other using onion routing that’s a protocol that creates pathways between nodes to talk packets of understanding. The value of that protocol is its familiar with obfuscating where the packages originated in where they’re likely to own user anonymity. It comes down to this layer that SNApps will probably be utilized and located. Check out the appearance below for just about any visual representation of the way the two layers might be organized.
Loki Messenger is the messaging application that’s being produced by the Loki team and will also be the initial SNApp on Lokinet. The messenger is an finish-to-finish encrypted private messaging service also known as it enables you to send private messages with other people. That front-finish service already exists but where Loki differentiates is with the outcome as described above.
What’s meant with that is services like Telegram offer the opportunity to have encrypted messages they’re still running from the main server. With Loki that finish-to-finish file encryption is provided and happens on the distributed network that can’t be subpoenaed or shut lower by a government entity.
The LOKI Token
LOKI is the network currency from the Loki blockchain, and it is used in exchange for individuals who keep up with the network. The network is maintained in multiple ways because of the hybrid consensus model that Loki employs. Service node holders are going to be rewarded with 50% from the block reward once they launch over a couple of days and miners is going to be receiving 45% from the block reward. The final 5% of the block reward is allotted to governance.
Loki includes a straightforward roadmap with four major release goals. Every one of individuals goal is vital for the project to ready to go. The very first goal was the Loki mainnet release which happened in April of 2018. Presently, they are focusing on getting their service nodes ready to go for that blockchain. That milestone is scheduled for November of the year. 2019 brings by using it the large guns and also the discharge of the Loki messenger in The month of January or Feb of 2019 and lastly the release from the SNApp Free SDK in March 2019 which is crucial for growing Loki.
Bitcoin’s phenomenal success has made the society interested, and because of this, many would like to become involved in the cryptocurrency trading. But the complex presentation of this industry has made it an intricate system to comprehend and to utilize especially to those non-technical people. To resolve this difficulty, what everyone needs is a user-friendly crypto exchange that consolidates social trading with a hybrid-decentralized architecture to further assist with an assurance of reliability and safety. It is definitely what Blockport is aiming to solve and to develop.
What Is Blockport?
Blockport is known as a hybrid-decentralized exchange with a strong focused on user-friendliness, social trading features and creating a knowledge sharing community. It aims to promote an end-to-end trading platform that addresses the current problems by efficiently connecting proven technological, social and crypto industry concepts to generate an entirely new crypto trading experience.
It is not just the regular kind of Bitcoin or cryptocurrency trading platform. In particular, Blockport strives to achieve something considerably more impressive by tackling the essential pain points of mass adoption by bridging the high-tech blockchain world with the “real” world.
What Advances Blockport From Existing Exchanges?
Exchanges today such as Bittrex, Binance, or Kraken are centralized networks which come with a multitude of concerns that somewhat set the barrier for people to invest in cryptocurrencies. This complexity includes:
Lack of Liquidity
Makes it difficult to trade and induces costs of investment to be higher because not enough people are getting and trading assets on the exchange.
Lack of Security
The highly liquid and most selected exchanges are centralized exchanges that take their customers’ funds and have shown to be very receptive to internal scam and external hacking.
Lack of Transparency
Apart from hidden liquidity expenses, exchanges and especially brokers are not always clear about the real commissions and fees that are affiliated with a trade.
Lack of Usability
The user interface (UI) of recent exchanges highly exhibit that it’s developed for professional traders and tech-savvy people.
Collectively these five problems outlined are inflicting high barriers for the mainstream society to engage in the crypto market. Therefore, Blockport is designed to overcome these restrictions and aid in this exciting development towards the new crypto economy. Blockport will accomplish this by operating best practices from a socio-technical viewpoint that will effectively endeavor to address all those complications.
How Blockport System Works?
Blockport roles as an intuitive portal between the current financial system and the new digital blockchain-based economy. It is an end-to-end trading platform that allows everyone to be part of this worldwide value network. Currently, the process of buying, selling and collecting of cryptocurrencies is still highly fragmented and complicated. The current crypto initiatives are striving effortlessly to accomplish the level of trust that organized financial institutions possess today.
To use all of the multiple Blockport functionalities including the internal decentralized exchange, public centralized exchange connections and social trading a lot is going on after the scenes.
1. When a trade inquiry is presented, it is transmitted through the governance manager. Once the trade is verified, the governance manager will order the members’ funds to be locked by the wallet operator, thus enabling the internal trade engine to coordinate any available internal trades. These orders are submitted to a private order book and only become public when completed.
2. If the trade cannot be filled internally, the internal trade engine will partly fill the order if viable and then pass the balance on to the external trade engine to be harmonized with connected exchanges. The external trade engine bases decisions on accessible supply, transaction costs, and volatility, which are provided by the analytics manager from exchange order books. This data is forwarded to both the external trade engine and the exchange manager, who converts the action into an API order. Once filled externally, trade data will be merged with the internal trade engine to confirm the order was complete.
3. Throughout this process, the Blockport accountant traces member’s funds to support member order privacy, decrease transaction costs, and resolve all interactions in one trade. Once complete, the funds are settled and stored in the on-chain multi-wallet, which is controlled by the wallet operator who operates a node for each supported blockchain, and the trade is openly broadcasted on the blockchain.
The BPT Token
Blockport’s network token BPT is an Ethereum (ERC20) based token that contains various functionalities inside the Blockport ecosystem. The Ethereum Blockchain is presently the most significant platform that supports the production of tokens and therefore enables BPT to interact with other ERC20 tokens seamlessly. Users can exchange BPT for premium services, discounted trading fees, and social trading functionalities.
The BPT token is utilized in various functions across the platform:
1. BPT is issued from the reserve and sold to users via the token shop.
2. Blockport produces income from the sale of BPT.
3. Members can obtain BPT with fiat or cryptocurrencies.
4. Members can pay other members with BPT to copy their portfolio and cryptocurrency trades.
5. Members can use BPT to decrease trading fees, generating clear value for the token and increasing demand.
6. Order costs from other exchanges are included via income from trading fees.
Roadmap And Development
Whitepaper (Q4 2017)
– Whitepaper release
– Community building
– Development & Audit of token sale contracts
– Development of Alpha prototype
Pre-Sale (Q1 2018)
– Commencement of pre-sale on the 3rd of January
– The launch of Alpha prototype
– Start of crowdsale on the 24th of January
– The launch of Blockport 1.0 Beta in March
– Implementation of the knowledge sharing platform
First release (Q2 2018)
– Blockport 1.0 full release, supporting: Bitcoin, Ethereum and several other tokens
– Blockport 2.0 Beta release (Exchange of Exchanges)
– Social trading features
Second release (Q3 2018)
– Blockport 2.0 full release, supporting 50+ cryptocurrencies and tokens.
Third release (Q4 2018)
– Blockport 3.0 Beta release, supporting 100+ cryptocurrencies and tokens.
Fourth release (Q1 2019)
– Blockport 3.0 full release (Hybrid-decentralized Exchange), supporting most popular cryptocurrencies and
The Core Team
The team behind the trading platform comprises a group of specialists and advisory among others. The team works with TQ, a tech hub supported by Google and KPMG in Amsterdam.
Sebastiaan Lichter (Chief Product) and Kai Bennink (Chief Strategy) are the founders of the team. Both have years of background in technology, and Bennink specialized in blockchain at the Delft University of Technology.
Most distinctly, the team lately partnered with Ark, a project that’s building an ecosystem of interconnected blockchains. With Ark’s center on design and ease-of-use, it makes sense that these two companies would pair up. Lars Rensing, the CFO of Ark, is also part of Blockport’s Advisors.
Dogecoin is created originally as a joke, referencing a meme about a funny-looking Shiba Inu dog that earned wide popularity on the internet. This altcoin is an open source peer-to-peer digital currency, favored by Shiba Inus worldwide.
The cryptocurrency’s popularity and importance have skyrocketed since its creation, and there is a large online community that grows dramatically over the years with several loyal fans of the coin. Dogecoin along with their community has made incredible things, using the cryptocurrency to raising funds such as making the Jamaican bobsled team to possibly make it to the Sochi Winter Olympics, funding a project to develop a well in rural Kenya to have access to drinking water.
What is Dogecoin?
Dogecoin is known as a peer-to-peer digital currency similar to Bitcoin and Litecoin and founded in 2013 by Jackson Palmer and “Shibetoshi Nakamoto.” The site and project are bound with honors to its mascot, a Japanese Shiba Inu dog. For those unknown with the meme, “doge” is obtained from the word, and the memes often turn around simple-minded expressions of emotion Comic Sans font such as “much wow,” “very crypto,” and “such moon.”
The token is intended to have over 100 billion coins, a stiff difference between that of its rival Bitcoin, which will only have 21 million total tokens. Dogecoin functions just like any other cryptocurrency; it can be mined or acquired on most exchanges.
Where to buy and store Dogecoin?
Predicting the price of anything on the market that advises whether or not to buy an asset is very difficult. The decreases and flows the of the market could sway Dogecoin in any direction, and users should be ready to lose 100% of investment in any cryptocurrency.
Dogecoin had some substantial growth in 2017, and its market cap broke $2 billion in January 2018. The meme-based token began attracting media recognition like never before.
One big reason Dogecoin was capable of breaking into popularity and remaining popular is because of its extensive availability in exchanges. Some popular exchange for Dogecoin is Bittrex and Poloniex, as well as minor exchanges Gate.IO, HitBTC, Cryptopia, and CoinExchange.
To start with Dogecoin, new users can download the MultiDoge wallet from their official website and set it up in less than 5 minutes. Also, users can store their Dogecoin either on their exchange wallets or other wallets that support the Doge.
The most valuable lesson from the Dogecoin project is the importance of creating a community. The token has been long excluded as a joke by the cryptocurrency elite, but yet Dogecoin is far from being out-of-date and thanks to its strong community of people that simply desire to see the coin succeed.
Dogecoin, joke or not, has been capable of accomplishing something that some tokens can. It has been about for nearly five years, which earns some respect.
A study of Dogecoin also touches some color to the current cryptocurrency ecosystem. This straightforward token doesn’t play to be anything but what it is: a peer-to-peer digital currency. Among the thousands of whitepaper pages, complicated theories, and scholastic information of the cryptocurrency market, Dogecoin is a gem which the community loves it.
The current banking system has radically underserving the microeconomy. Rising technologies grant the possibility to create an option that addresses continuing difficulties of the banking system in new ways, including systemic danger, data privacy, financial exclusion and inactive competition.
Distributed ledger technologies, biometrics and machine learning provide tools to create a new variety of bank, global and decentralized, which can sustain and enable individuals and businesses globally in ways that conventional banks clearly cannot.
“Everyone Is A Bank” Introduction
BABB is the decentralized bank intended for the microeconomy, contributing individuals and businesses with a UK bank account, powered by blockchain technology. The account is operated through a smartphone app, and grants access to a decentralized payment card. As an addition, partnerships with central banks enable integration and issuance of other digital currencies globally that further stimulate local micro-economies and extending the scope of the BABB solution and its underlying BAX token. BABB is already an FCA Authorised Payment Institution (API) and will be applying for a Banking license in 2018.
Risky Banking System
The modern banking system is modeled on an antiquated infrastructure which no longer favors the interest of its direct customers specifically the microeconomy. Individuals, freelancers and Small to Medium-sized Enterprises (SMEs) have continually strived to achieve affordable funding from these banking titans and often been excluded entirely. This problem has been worsened lately by the banks’ thoughtless behavior in the run-up to the financial disaster, which has additionally raised the public’s dissatisfaction towards these traditional banking systems.
BABB New Banking Approach And Solution
People worldwide are now given a positive approach for a revolutionary decentralized banking service that leverages blockchain, biometrics and machine learning. Regardless of background, income, location, BABB will offer a UK bank account to everyone in the world, serving to expand financial addition and social alliance, while also empowering local markets to produce wealth for themselves.
BABB strives to connect people and markets to a frictionless new global financial arrangement which revolutionizes the current micro-economic ecosystem by advanced technological, social, economic and regulatory capacities. By linking social connectivity with convenient social banking, they are developing a global banking network raising international collaboration and inter-community commitment. In nature, BABB is creating a decentralized bank powered by the blockchain, working full resources and integrating digital currencies throughout the world.
The BAX Token
BABB is driving a shared application platform where FIAT reserves are tokenized. These tokenized funds will be utilized by the BABB APP Bank, partner services, banks globally, as well as central banks in progressive countries. The BAX token is used following the hood to run the services of the platform over all the geographies and domains assisted by the platform.
BAX token will be executed on the public Ethereum blockchain as an EIP20/ERC20 token. The Ethereum blockchain is currently the business standard for distributing custom digital assets and smart contracts and is compatible with the current infrastructure of the Ethereum ecosystem, such as development tools, wallets, and exchanges. This current ecosystem and technology make Ethereum a natural fit for BAX.
The BAX token is the power of the platform. All services, charges, and licensing of the BABB system utilized BAX under-the-hood. If a user doesn’t hold any BAX to work on the platform, they can directly purchase the required value from banks in the BABB platform, and also from other users, online exchanges and other third-party services. The BABB Bank app grants BAX to be purchased a single step, without affecting user experience and without the requirement for the user to take extra efforts.
The BABB Platform regulates the amount of BAX needed for its services depending on the regular token price in open exchanges, which gives a permanent price experience for the end user. It is only reasonable and healthy that banks may add a small premium over any BAX they market, which is used to cover their charges of service. It includes the process for a balanced and salutary banking industry, where individuals pay only for the services they use and continue in control of their funds and information.
The BABB Team
The BABB team is composed of successful blockchain entrepreneurs with a proven track record, central bankers, investment bankers, data scientists, crypto investors, researchers, and engineers. They are a diversified group with an exceptional range of experiences and cultures globally.
They aim to transform the world by developing a new era of a complete economic assistance.
The rise of cryptocurrency has come to a great height, but as the industry developed, the volatility has dropped considerably. The market had traded sideways for over three months in the second half of 2018. Several traders believe that there’s little revenue in this market, but, nothing might be distant from reality. Monfex, a new cryptocurrency broker will change this understanding.
What is Monfex?
Monfex is considered as a powerful cryptocurrency trading platform that allows users to trade cryptocurrencies with up to 50x leverage. It is a trading platform that has a newbie-friendly interface aiming to make crypto trading accessible and straightforward for everyone. There are several crypto exchanges nowadays, but Monfex aspires to be a crypto broker.
Monfex has perpetual, non-expiring contracts on five coins instead of just 2. The platform has two unique features in the pipeline that will disrupt the crypto industry and will be in the second quarter of 2019.
The first feature is called “managed accounts” that means users can trade crypto for other people. Another feature is social trading, which permits others to follow a “master trader” and imitates their trades in real time.
What is Crypto Broker and how does it work?
Monfex will let users trade the top coins long or short with leverage on their super user-friendly platform. Then they will provide features that are only accessible at full-service brokerage firms such as great market research, social trading, the capacity to handle their own managed accounts, and more.
The team guarantees a productive platform by leveraging their relationship with key institutional crypto trading firms. Those firms give great pricing and liquidity, which the platform transfers to the client. Every client receives an institutional level product while the institutions take the trade flow, presenting it a win-win situation.
A most important advantage of Monfex is the safety of funds. They have a two-factor Authentications that maximizes the security of the accounts. Users can access their account statements and can withdraw any time by filling out a simple online form.
Monex has four main actions when a client works with a broker: account opening, depositing funds, trading and withdrawing funds. Their main aim is to deliver each of these processes as simple and efficient as possible.
Opening An Account
Client’s account opening with Monfex could not be any simpler. They are only required to fill out a short form, generate a password, and it is done. The entire process will only consume 30 seconds or even less.
Account funding is also not complicated. For the moment, they only allow Bitcoin deposits. Users can click the DEPOSIT button at the top right-hand corner of Monfex platform.
Their deposit box contains a user’s unique deposit address that will open up, and they can send the amount they want to deposit to this address. Also, the system will receive the Bitcoin and credit the user’s account with the amount deposited. Then they can now start trading.
Monfex trading priority is to be reliable and user-friendly. They have simplified the trading by allowing trade perpetual contracts on the top coins with up to 50x leverage. Their contracts do not expire and move dollar for dollar with the currency that is traded.
Fundamentally, it’s the same as buying or selling cryptos, but it can go long or short and only require to put up a fraction of the price of the coin to begin trading.
The platform provides a straightforward process in withdrawing funds the same as depositing. Users will just click the withdrawal option from the profile menu and choose the amount they want to take out and enter their BTC wallet address. Monfex will then send their Bitcoin. It’s that simple!
The Monfex team is excited to have their platform finally live and have users on board. Their short term plan is to develop their platform further, add more coins and increase leverage.
They also want to offer social trading, managed accounts and build their mobile app. And for their long term proposal, they want to add new instruments like crypto indexes and crypto options.