Businesses presently face many challenges. Amongst them is the concern of trust in data exchange with other parties’ and their individual agreements. The blockchain implements new capabilities with transparent, peer to peer information exchange and sets a common ground in uncertain areas.
Such information exchanges are of limited scope, accomplished by complicated and expensive middleware interfacing products and not yet exposed to true peer-to-peer transparency and trust. The SophiaTX Blockchain, directed at such peer to peer information exchanges, provides a complete set of tools allowing developers to build and distribute applications which utilize the capability of the blockchain and shared data integrated with ERP and CRM solutions.
SophiaTX As Decentralized Business Solution
SophiaTX is the first platform concentrating on integrating blockchain with SAP and other significant ERP, CRM, and SCM systems aiming to expand the opportunities of enterprise applications with the trust and security that comes with blockchain technology. The platform can be considered of as three components: a blockchain designed and built specifically for the business environment, a development platform with integration APIs to SAP and other enterprise applications, and a marketplace for both industrial corporations and a global community of experts, consultants, and developers to purchase and sell apps.
It is also considered as a public blockchain platform with a center on application by businesses of all sizes, i.e., from large global enterprises to small local businesses and ultimately to end consumers. It permits businesses to secure and participate across the entire value chain, allowing SophiaTX the best possible drive for global adoption. This opportunity, over the alternative of a private blockchain, supports the goal of creating a truly holistic collaboration.
Demystifies Enterprise Blockchain
Organized by Evanta, a Gartner company, the Boston CIO Executive Summit was an opportunity to gather thoughts and spur debates among successful global business and IT executives, clearing any misconceptions and revealing the true potential of blockchain technology in business application. The executive summit attracted numerous leaders from diverse industries and organizations such as General Electric, Federal Reserve Bank of Boston, Deloitte, MIT, Harvard, and many more. Following are the insights gathered from the boardroom discussion on blockchain.
Due to the rising importance of securing the integrity and transparency of information in business, blockchain technology and its simplicity yet immutability in storing data will have a significant impact on how companies operate and collaborate, as well as how information is shared across various stakeholders. As the CEO of SophiaTX, Jaroslav Kacina explains: “Similarly to how the Internet revolutionized the way how information is being exchanged towards the end of the last century, blockchain will have a profound impact on business, and the SophiaTX team is already offering services utilizing this technology to improve collaboration across value chains and evolve entire business models, with more blockchain solutions being identified and developed as we speak.”
Additionally, given the disruptive nature of such technology, awareness about blockchain and its potential impact on business should be developed by the IT jointly with business and its functions. A good understanding of blockchain could be acquired by identifying potential use cases and launching a ‘hands-on’ proof of concepts.
“Blockchain technology has found its use in many industries apart from cryptocurrency, and large companies are already investigating how to exploit it. This is why it is crucial for leaders and companies desiring to sustain competitive advantage to explore and adopt new digital strategies, investigate organizational capabilities, and get ready for this next wave of disruption,” Jaroslav Kacina adds.
Finally, the participants deem it important to separate cryptocurrency from blockchain technology which has now evolved and found a myriad of new and profound use cases in providing functionality and allowing changes and evolution of existing business models.
OriginTrail (TRAC) Takes Part in EUR 20M Digital Transformation Project for the European Agri-Food Sector
Blockchain technology is becoming part of a large-scale EU-funded project, intended to boost the digital transformation of the European countryside! OriginTrail (TRAC), a blockchain company developing data exchange protocol for interconnected supply chains, has become the go-to blockchain solution for 108 organizations, from 22 different European countries, involved in a SmartAgriHubs project, managed by Wageningen University & Research, the world’s leading provider of scientific education in the healthy food and living environment domain.
European Farming Sector Needs the Blockchain
By 2050, 70% of the world’s population will live in cities. As a result, cities will, to an increasing degree, face issues concerning sustainability and quality of life. This will have an impact on food security, mobility and logistics, the availability of water, dealing with raw materials and waste, health, and well-being. The European Commission recognized the importance of facing this challenge by creating a competitive advantage for non-urban regions, including the initiatives connecting the countryside with the Information & Communication Technology (ICT) sector.
George Beers, Project Manager at Wageningen University & Research and SmartAgriHubs Project Coordinator: “SmartAgriHubs will not only increase the competitiveness and sustainability of Europe’s agri-food sector. It will become the 4th industrial revolution that will strategically re-orient the digital European agricultural innovation ecosystem towards excellence and success. Together with our partners we believe SmartAgriHubs will unlock the potential of digitization by creating a pan-European network of Digital Innovation Hubs, organizing an inclusive ecosystem around them and fostering them to achieve their full innovation acceleration capacity.”
EUR 20 Million from the European Union to Develop and Stimulate the Adoption of the Technology
The project aims to involve 2 million European farms and introduce 80 new digital solutions onto the market. Digital Innovation Hubs are spread across the European Union with a regional approach, focused on 9 regional clusters, building a network covering all EU regions and connecting technology, business and industry-specific expertise with relevant players. The consortium consists mostly of small and medium enterprises, but also of consultancies and private banks rooted in agriculture. It also plans to involve the broader community, with activities such as hackathons and datathons.
Among other partners in the project are other R&D companies as well as public entities, such as UK’s Innovation for Agriculture, Schuttelaar & Partners, Austrian Chamber for Agriculture, French region of Loire, FIWARE.
Blockchain technology provided to partners via the OriginTrail protocol is the underlying technology for building trust in supply chains that SmartAgriHubs is addressing. The blockchain is bringing the decentralization of trust, through end-to-end visibility and better guarantees of integral quality and safety. It is also addressing European consumers’ needs for traceability and transparency.
With this undertaking, the results of OriginTrail’s pilot projects will be disseminated across the network of DIHs and beyond the agricultural sector. In the second stage, the consortium will also publish open calls for both private and public entities to utilize the technology on further use cases.
In the graphic below, you can see the main technological and consumer trends that are vital to the project, including robotics, biotechnology, IoT, machine learning and the blockchain.
Žiga Drev, Co-Founder of OriginTrail, on the importance of this achievement and acknowledgment: “OriginTrail’s team has been actively solving supply chain transparency and efficiency challenges since 2013. We have worked closely with farmers, producers, supply chain companies, and end consumers to fully understand what the challenges in food supply chains are. This approach was welcomed by stakeholders. We are proud that the European Commission appreciates these efforts, too. OriginTrail solutions have been presented to European Commission officials on several occasions, including the anti-counterfeit IoT traceability proof-of-concept and the Smart Villages initiative. The response was always encouraging. In association with the Wageningen University and the SmartAgriHubs project, we are making a significant step towards protocol adoption and will be working on tangible use cases.”
Key facts at a glance
- Instrument: Horizon 2020, DT-RUR-12-2-18: ICT Innovation for agriculture
- Contribution of the European Union: €20 million
- Duration: 4 years, 2018-2022
- Consortium: 108 initial partners, possibility to extend through open calls
- 140 digital innovation hubs, 9 regional cluster & 28 flagship innovation experiments
- Bridge public-private funding by mobilizing additional funding (30 M€)
- Strong focus on establishing a sustainable network of DIHs with viable business models and investment funds
The modern advances of blockchain use-cases cause a lot of enthusiasm in the technology community that reaches far beyond the financial sectors. One area which contributes significant value is the application of blockchain in a company’s operational and management processes. Effectively all companies perform these operational processes on enterprise resource planning software (ERP) which usually involves a variety of modules such as accounting, manufacturing, project management, controlling, procurement, logistics, warehousing, sales and distribution, and quality management.
In order to advance blockchain into business operations, the blockchain must merge with ERP and other enterprise applications including SAP. As an instance, 76% of the world’s transaction revenue meets SAP systems1. This division has been comparatively untouched until lately when SophiaTX announced their first project, an open source blockchain platform and marketplace designed for businesses of all sizes called “SophiaTX Blockchain.”
SophiaTX and Equidato Technologies AG
SophiaTX is a civil association striving to develop the opportunities of enterprise applications with the trust and security that begins with blockchain technology and launch the world’s first open source blockchain platform to integrate blockchain technology with business applications fundamentally. To ensure the development of individual software, SophiaTX will engage Equidato Technologies AG, any of its subsidiaries or other developers.
Equidato Technologies AG is an organization concentrated on the integration of blockchain with enterprise applications, such as SAP, IoT sensors, smart printing, and other exceptional technologies producing the ‘industries of the future’ eco-system
Technology and Architecture Overview
SophiaTX architecture is designed to ensure compliance with established international standards, guidelines, and legislation concerning data protection, privacy, and security. The developer has to perform their solution so that data is encrypted before it is sent to the SophiaTX Blockchain. Only the customer has access to their private key, as well as know the public key of their customers/vendors.
As a component of the API, SophiaTX Blockchain provides the methods enabling a developer to encrypt and decrypt the information package, in such a system that the same implementation can be utilized without having to code encryption/decryption methods each time an application is written.
The SophiaTX Blockchain is not created for high throughput or low latency, and it does not scale. Consequently, SophiaTX implements a decentralized data backbone, which renders a Data Store for the information which cannot be passed through the SophiaTX Blockchain.
SophiaTX Blockchain for B2B is based on a distributed server technology that integrates on several components:
● Marketplace including Application Store
● Authentication Engine
● Sophia SDK
● Test and Publishing Engine
● Application Library
● Logic Engine
● Event Handler
● Data Store and Analytics Engine
● User Data Store
The SophiaTX Token SPHTX
SophiaTX Blockchain’s own proprietary token is called SPHTX. It has various uses on the blockchain, within the marketplace and also as a utility token in many decentralized applications (Dapps):
● Transaction charge and reward for miners verifying transactions and blocks on the blockchain
● Subscription to obtain rights to the SophiaTX Blockchain
● Reward allocation for buying and selling of assets in the marketplace (App Store and Dev Store)
● Reward for the developers when an end customer installs and uses a SophiaTX Application (Dapp license)
● Transaction and data storage fee for document file server
● Licensing for private Blockchain
Latest News and Update
SophiaTX has signed a Memorandum of Understanding (MoU) with a Hybrid Exponential Technologies research and innovation centre, Crypto Valley Malaysia, expressing their readiness to bridge the gap in the industry 4.0 value chain in ASEAN by advocating the use of blockchain technology to create more efficient, lean and productive enterprise ecosystems.
The MoU was signed by the APAC Regional Director of SophiaTX, Choo Kok Weng and President of Crypto Valley Malaysia, Koh How Tze, and witnessed by Secretary General of Crypto Valley Malaysia, Effendy Zulkifly and Director of Youth Development of Crypto Valley Malaysia, Haidar Darus respectively.
Under the agreement, SophiaTX will offer technologies, resources, capacities and expertise in blockchain technology to support and improve the uptake of new technologies by companies through the provision of proper training and shared services to the industry. Both organisations will develop and deploy innovative technologies to support business principals, CEOs, entrepreneurs and innovators in major industries, from government to manufacturing and healthcare.
Speaking about the partnership, Koh said, “As the industry is readying itself to embrace blockchain technology, enterprises have a mammoth task at hand to upskill and reskill its resources. Our partnership with SophiaTX is a great synergy and a major step not only to support strategic enterprise transformation through the adoption of the highly scalable and robust SophiaTX platform, but also to accelerate the blockchain journey through the creation of real-world industry knowledge and innovation.”
According to Choo, the partnership is an encouraging step forward to realise the potential of the SophiaTX platform and advance its application to the next level of maturity. Other areas of collaboration include exploring and integrating IoT, wearables, smart devices, analytics, big data, robotics and artificial intelligence in order to allow traditional ERP systems to evolve into hybrid enterprise systems with new digitally enabled business functions and processes which enhance enterprise agility and independence.
Distributed Credit Chain [DCC] is a blockchain venture that plans to change the budgetary space utilizing its stage to change circulated credit announcing, obligation enlistment, riches administration, and resource exchanges.
DCC is will make a decentralization framework for providers of monetary administrations all through the world. By growing the capacities of blockchain innovation and bringing back the information privileges of people, the MISSION-dispersed credit chain should change the different money related situations and execute genuine financing.
As the worlds initially distributed managing an account open anchor with an objective to set up a decentralized biological system for monetary specialist co-ops around the globe has arrived. The customary budgetary industry is exceedingly brought together. With considerable exchange charges paid out to expansive budgetary foundations, monetary exchanges depend vigorously on the underwriting and support of these establishments. Actually, loaning rates for borrowers are raised while decreasing the intrigue wage for banks by the monopolistic money related organization. Now and again making it unthinkable for moneylenders to precisely recognize the hazard, the middle people have even contorted the FICO assessment of borrowers for their own advantage.
This imposing business model has broken by the general population chains for dispersed saving money in light of blockchain innovation. DCC can for all intents and purposes abrogate exchange expenses and commissions as the principal at any point conveyed blockchain budgetary administration stage. It can give anchor and helpful administration that is moderate for conventional money related establishments. Every single monetary administration firms have rise to status on DCC’s open chain. There are not any more a monopolistic rare sorts of people who “control the entirety”. The estimation of the DCC originates from the money related exercises and exchanges of every one of its individuals. The DCC computerized cash will have a more solid establishment because of expanding quantities of money related exchanges which are finished by means of DCC. With the stream of substantial wholes of money related capital, at show financial tasks go as an inseparable unit. This presents to DCC an expansive scope of potential business applications and priceless potential.
This is the start of the commercialization of blockchain innovation. DCC can turn into a fantastic advanced resource which merits clutching in the long haul with their immense market request and by disposing of the key shortcoming of conventional computerized monetary standards.
DCC Platform Features
Client Account Identification System
To make an address every individual or foundation has one DCCID produced through Public-Private Key Pair in DCC. This is much the same as a part ID in a customary web framework which recognizes and relates different certifiable qualities and data on the credit chain. DCCID is a decentralized record framework, and its age does not rely upon any individual DCC hub. Any individual, association, or organization can produce this DCCID disconnected. To completely ensure the non-renouncement of an individual chain, DCC utilizes advanced mark innovation at each progression of information trade.
An open source individual credit information administration structure which is called Distributed Credit Data Management Framework will be given by DCC and it is upheld by a particular distributed storage supplier and engineers. This can rapidly reconstruct clients’ close to home credit revealing information utilizing DCDMF in light of their APP advancement needs. By trading the wallet addresses, clients having a DCCID can trade information in a few APPs which utilize DCDMF.
Circulated credit information administration system or DCDMF is given by DCC. DCDMF use to remake clients information report. Clients can take information whenever they need utilizing their client ID and secret word.
Distributed credit support
Clients have the specialist of information by means of Distributed Identity Verification (DIV) and can decide the substance.
In this DIV procedure, there is no outsider association so the information specifically goes to the client from information establishment.
Conveyed Credit chain ensures information produced in the blockchain is precise.
- Personal information go to the information foundation
- Data process by the foundation will get information report
- Data report will spare by people locally or in intrigue stockpiling
- Apply report for confirmation
- Finally the affirmation
Information spillage is least amid the procedure. Since information just old fashioned just amongst people and information organizations.
On the other hand, information reports can utilize again by information foundation. DIV make ready to utilize information benefits by enormous information organizations and AI-based organizations.
Utilization of Distributed Credit chain arrange
- Loan enrollment
- Loan utilizations
- Blockchain Mastercards
- Token credit benefit
- Mortgage guarantee benefit
- Assets dissemination
Problems Distributed Credit Chain will Solve
- Most importantly, the foundation of the DCC expects to take out centralization and imposing business model. In this framework, every loan specialist will have the capacity to pick a borrower in a decentralized market with awesome rivalry. Estimating approach will be managed straightforwardly by the market, not by middle people and theorists. In addition, all market members will get a benefit by giving counts and calculations on the blockchain.
- Likewise, one of the issues of the present managing an account framework is the arrangement and capacity of individual information from outsiders. With DCC, clients ‘ information will be put away in their on-premises or cloud encoded capacity. Individual information can be sent to the beneficiary in scrambled shape with the goal that no one but he can see them. On the other hand, there will be a zero-learning confirmation convention, where the inspector can check the exactness of individual information without unveiling the first content of the reports. This additionally diminishes the danger of individual information spillage, as they won’t be put away in a brought together capacity.
- Additionally, through the presentation of blockchain and AI, associations issuing credits will have the capacity to better control the dangers. The blockchain will unveil the calculation of the leasers ‘ hazard methodology, and the borrowers will channel the banks as indicated by these calculations in due time, because of which the borrower will apply just to the association that will have the capacity to give him a credit as per the calculation. At last , decreased the cost of information preparing and expands the effectiveness of exchanges.
- Planning of FICO assessment open to all market members. A sort of record as a consumer for borrowers. With the assistance of blockchain innovation, all records in the square will be freely accessible and not accessible for change.
- The arrangement of client account recognizable proof will be executed utilizing DCCID, which will be produced utilizing a couple of open and private keys to frame the address. This ID interfaces the DCC account (credit ask for, credit, recovery data) to the individual’s genuine properties (genuine name verification, Bank cards, and property).
Benefits of Distributed Credit Chain
- Simple access to individual data — Users can get to this data whenever without reaching credit offices.
- Enhanced security-Information put away in one place isn’t shielded from programmers. A striking illustration is Equifax, which was hacked in 2017, and aggressors disclosed social protection quantities everything being equal.
- Great rates on loans — integrating numerous money related associations, the stage makes a situation in light of rivalry, as opposed to agreement, which is standard in the customary monetary area. Because of this, clients will pick organizations offering positive conditions, and incorporated associations will debilitate their grasp.
Client Account Identification System
In DCC, every individual or establishment has one DCCID created through Public-Private Key Pair to frame an address. This address demonstrations simply like a part ID in a conventional Internet framework, distinguishing and partner different certifiable qualities, (for example, genuine name validation, bank cards held, number of properties possessed) and data on the credit chain—an advance demand, advance, reimbursement, and so forth . DCCID is a decentralized record framework, and its age does not rely upon any individual DCC hub. Any individual, association, or organization can create this DCCID disconnected. Just when there is data waiting be related to DCC would information be able to be put away on the DCC biological community. DCC utilizes computerized signature innovation at each progression of information trade to completely ensure the non-revocation of individual-chain or organization chain cooperation of information.
DCC will give an open source individual credit information administration system DCDMF (Distributed Credit Data Management Framework) which is bolstered by a particular distributed storage supplier, and engineers, can rapidly reconstruct clients’ close to home credit detailing information utilizing DCDMF in view of their APP improvement needs. Clients having a DCCID canexchange information in a few APPs which utilize DCDMF by sending out their wallet addresses.
Computerized Asset Lending
At display, in computerized resource loaning, the absence of compelling individual credit data relationship between the universe of information resources and the customary world, brings about no gathering of chronicled credit. What’s more, there additionally needs viable intends to stay away from chance previously, amid and after credit handling. DCC circulated credit announcing framework can help the blockchain-based credit loaning stage open up credit revealing connections, direct pre-credit chance control, oversee execution amid advance, and cultivate the development of the computerized resource loaning market. Envision that individuals with various advanced resources could promise their computerized resources through the advance chain and acquire standard advanced resources (ETH, BTC, and so forth.) from various people for reinvestment through credit revealing information and credit records. Such advance market would make greater liquidity for computerized resource exchange advertises and give more money related subordinates.
DCC is a decentralized open credit stage. Any stage with activity and situations can present its own Dapp applications to DCC, gave that these entries depend on Distributed Credit Chain models. In the beginning periods, to guarantee the wellbeing and dependability of the environment, the Foundation would survey Dapp discharge applications. The Cyber Sheng Foundation urges distinctive situation stages to enter the DCC biological system to give utilization situations of Internet fund through Distributed Credit Chain ecoystem.
The Cyber Sheng Foundation intends to issue a sum of 10,000,000,000 tokens of the scrambled computerized money DCC. a year after this issuance, the aggregate course volume will be 3,700,000,000, representing 37% of the aggregate. In the private round , renowned qualified financial specialists in the fields of credit and managing an account will be welcomed for the speculation, with the gathering pledges rate close to 17%, and the venture measure of single speculator no under 100ETH. At this stage, DCCs will be bolted, with 25% of the aggregate to be opened before the opening of trade, and another 25% to be opened at regular intervals, with everything to be opened in a half year. In ICO cycle, 500,000,000 DCCs will be issued to Non-Chinese and American financial specialists. All these will be specifically coursed. The ICO hardcap is 500,000,000 DCC tokens, DCC token will be traded by ETH. To know current pattern of ICOs, you can check ICO details.
Team behind Distributed Credit Chain
Stewie Zhu –Distributed Credit Chain Founder
Before he established DCC, he drove a main SaaS organization in China and drove the advancement of Internet credit frameworks for multi-billion trusts. Later on, this organization was effectively sold to a freely enlisted organization.
- Oxford University M. s in Financial Economics
- Ph.D. (Competitor) in Finance, London School of Economics
- Research concentrating on back and diversion hypothesis
Stone Shi –Co-Chief Researcher at the Distributed Credit Chain
For a long time he filled in as Vice President of J. P. Morgan. With noteworthy ability in coding and specialization in python programming, Mr. Stone Shi is a specialist in quantitative research, subsidiary valuing, and quantitative model hazard examination.
- Nanjing University, Computer Science/Math
- Nanjing University, Electronic Science and Engineering
Dr. Daniel Lu -Boss Innovation Officer at Distributed Credit Chain
Danielle Lu is one of only a handful couple of specialists in science and budgetary building. He has solid central preparing and broad involvement in keeping money, discount and retail exchange and resource administration. He is additionally a pro in Finance, because of his involvement with Deutsche Bank and Blockchain. It directs the improvement of DCC items for monetary organizations.
- Ph.D. in Mathematics, Yale University, USA
- Postdoctoral Research in Financial Engineering, concentrating on the Representation Theory, University of Leipzig, Germany
I can’t help thinking that this undertaking, sooner or later, has an exceptionally extraordinary opportunity to wind up a pioneer in the managing an account segment among organizations working with the assistance of blockchain innovations. A solid group, an unmistakable activity design, dependable accomplices and financial specialists ‘ trust in the undertaking ought to end up a quickening agent for the DCC.
Coinbase is at present one of the greatest, most trusted, and most straightforward cryptographic money banks/intermediaries on the planet. Flawlessly intended for the new crypto and ICO financial specialists, you can exploit this simple to-utilize and bother free cryptographic money trade stage to purchase, get, and exchange Bitcoin and other advanced monetary standards and furthermore see effortlessly about the best ICOs to contribute.
Built up in 2012 and bolstered by confided in financial specialists, the stage is headquartered in San Francisco, California and encourages the crypto trade benefit in excess of 30 nations with in excess of 10 million clients.
Not at all like customary cryptographic money trades, has this crypto trade stage empowered you to buy digital money in return for fiat monetary standards, for example, USD, EUR, and so on.
The stage comprises of two center items; one is an agent trade and other is an expert exchanging stage named GDAX. Both these items work diversely and freely from each other.
Here are some of the people who can use Coinbase:
- First-time Bitcoin purchasers: If you are a first-time crypto purchaser, you can utilize this stage to make your buys.
- Those looking for a safe place to purchase Bitcoin: If you are looking for a sheltered place that you can use to purchase Bitcoin, this place is for you.
- Those needing to pay with a Mastercard or by bank exchange: If you wish to make installments for your buys, at that point this stage is appropriate.
- Those who are ready to provide their identification details: If you are not anxious of giving over your distinguishing proof points of interest, at that point you can confide in this stage.
- Not utilizing this stage to bet on the web: Finally, yet critically, the stage isn’t to be utilized for betting purposes. On the off chance that you are not hoping to bet on the web, at that point this is a perfect place for reasonable crypto offering, purchasing, and exchanging.
On the off chance that the previously mentioned components apply to you, at that point this is the correct cryptographic money stage for you.
Setting up an Account with Coinbase
Joining with this stage is exceedingly basic and bothers free in examination with other crypto-trade stages that as of now exist in the crypto scene. With a specific end goal to make a record, you simply need to take after and finish only a couple of key advances, for example,
Go to its site, open it’s joining page and after that enter the required points of interest (see the picture underneath for a case).
When you have effectively finished the above procedure, the stage will send you an email requesting that you check it. As you tap the record confirmation connect contained in the email, it will divert you to its site, where you can proceed with your character check. When you have checked your character, basically select the sort of installment you wish to make through this stage.
Purchasing Cryptocurrency from Coinbase
After the join procedure, you have to pick a sort of record. There are two sorts of record: individual and business. You have to pick between these two records. When you have experienced this procedure, you can bounce ahead to the subsequent stage (see the picture for more data).
Confirm your telephone number
When you have effectively chosen your record, it will request that you enter your telephone number for confirmation. The organization utilizes this number as a type of 2-Factor Authentication, along these lines giving full security to your own record. The underneath picture will best outline it:
Set up your installment technique
After your telephone number has been confirmed, you have to set up your installment technique (see picture underneath).
It is to be noticed that this crypto trade stage acknowledges installment by means of bank exchange and Visa.
When you set up your financial balance with this stage, you should make two little exchanges and check the sums.
When you set up a charge card, the stage likewise solicits you to transfer a picture from your Mastercard.
Similarly as with other crypto trades taking care of fiat monetary standards, for example, USD, EUR, and so on, this crypto trade stage commands both these strategies to keep different government controls.
A great opportunity to purchase Bitcoin, Ethereum, or potentially Litecoin
When you have finished the above procedure, you can begin purchasing your digital currency. This stage obviously expresses its charges and costs while you are putting in your request (see underneath for the crypto obtaining step).
Your record will now demonstrate to you the credited measure of cryptographic money.
How secure and safe it is to use Coinbase
The wellbeing and security of assets are what most concerns crypto purchasers. No one needs to store his/her assets into a bank/trade that does not ensure security of assets. In any case, this stage is outstanding for the wellbeing, security, and straightforwardness of its clients’ assets. These key components in reality best characterize this crypto-trade stage.
Thus, on the security front, this stage effectively gives three layers of security to its clients.
Consenting to all fundamental U.S. laws and controls
Coinbase is a completely real organization, which agrees to all fundamental U.S. laws and directions required to run an organization in the United States, at both a state and government level.
A portion of the key enactments, controls, and administrative bodies this stage submits to are as per the following:
- It consents to state cash transmission laws and controls.
- It is enrolled with FinCEN as a Money Services Business.
- It consents to the Bank Secrecy Act.
- It consents to the USA Patriot Act.
Keeping every one of these enactments and controls, this stage satisfies its duty to give its clients a well behaved and completely secure installment exchanges benefit, instead of other crypto trades working in a wide range of nations. Aside from the United States, none of the nations from where this stage works commands licenses to maintain a digital currency business. Plus, it is likewise imperative to take note of that cryptographic money is bolstered by numerous reliable financial specialists, for example, Alexis Ohanian (Reddit Co-Founder), Blockchain Capital, Bank of Tokyo, and Digital Currency Group.
Assurance of assets security
Not at all like other crypto trades, has Coinbase kept its client stores isolated from the organization’s operational assets. The organization holds these assets in custodial bank accounts.This demonstrate that it won’t abuse your assets to maintain its business. Additionally, the organization itself says that if at any point it ends up wiped out; neither this stage nor its loan bosses can guarantee the assets held in the custodial financial balances. The assets held in those records will be returned just to the Coinbase’s clients.
It is vital to take note of that 98% of clients’ assets are held in secure disconnected cool stockpiling. These assets are put away on different paper wallets and equipment wallets. The physical digital currency wallets are later held in security store boxes and vaults (another component that enables you to “share a record” with at least 2 clients) all through the globe. These measures help in anchoring clients’ assets from being hacked or stolen by programmers.
Individual record security
Aside from guaranteeing security for your digital currency finances, this stage likewise anchors your own record with numerous 2-factor verification (2FA) strategies. A standout amongst the most fundamental techniques that you can embrace is by means of SMS writings; however it is prudent to set up an outsider 2FA application. You can look over choices, for example, Google Authenticator and Authy. Likewise, the framework additionally enables you to screen all your record exercises. It additionally advises you when somebody attempts to noxiously get to your record.
This crypto stage however has a broad FAQ area to answer general inquiries. On the off chance that you confront any specialized issues while exploring the site, this stage offers day in and day out hours client bolster benefit by means of email.
Nations serviced by Coinbase
Nations bolstered and overhauled by Coinbase include: the United Kingdom, France, Greece, Norway, Poland, Sweden, Switzerland, Denmark, Finland, Monaco, the Netherlands, Slovenia, Spain, Cyprus, Czech Republic, Lichtenstein, Malta, San Marino, Slovakia, Bulgaria, Croatia, Italy, Latvia, Portugal, Romania, Austria, Belgium, Hungary, and Ireland.
Coinbase’s purchasing and offering limits
Purchasing and offering limits rely on the kind of installment strategy you pick, nation you dwell in, and your check status.
For instance, on the off chance that you are a completely confirmed US client, the week by week points of confinement will be like the accompanying:
- USD50 purchase through a credit/platinum card
- USD5, 000 purchase through a ledger
- USD50, 000 offer
On the off chance that these breaking points aren’t sufficient for your necessities, you can apply for higher cutoff points. It is outstanding that your breaking points for prompt buys, as Visa buys, must not go past the pre-chosen constrain. Curiously on the off chance that you are an European client, you may get up to €30,000 in your record.
Send digital currency from your crypto wallet to Coinbase
You can use the benefit of a Coinbase wallet to effectively send, get, and store digital money. You should simply total a couple of straightforward advances (see underneath) before hitting the “Send Funds” catch to send Bitcoin, Ethereum, and Litecoin from your wallet:
- Navigate to the Send tab of your record.
- Select the wallet you wish to send from, adequately choosing what digital money you are sending.
- Enter the sum you might want to send.
- Enter the deliver you wish to send assets to.
- Send assets.
Send cryptographic money from Coinbase to your crypto wallet
Similarly as sending cryptographic money from your crypto wallet to Coinbase is effectively done; it is likewise extremely easy to get digital money through this stage. All you have to do is:
- Navigate to your “Records” tab.
- Check the wallet where you might want to send the assets.
- Click the “Get” catch.
Presently you can get your record’s wallet address and utilize it in the sent field of an exchange to get cryptographic money.
The charges structure of this stage keeps on changing, running from 0 to 200 premise focuses. Be that as it may, you will be required to pay change charges with regards to exchanging from financial balances or obtaining with credit/platinum cards.
Client cautioning while at the same time utilizing Coinbase
This cryptographic money trade stage takes each conceivable measure to stop the abuse of its stage. It screens its clients every time digital money is sent and got by means of its stage and places limitations if a client is observed to be engaged with the accompanying exercises:
- Sending digital currency for darknet buys.
- Sending digital currency to betting destinations.
- Sending digital currency to LocalBitcoins.
If there should be an occurrence of shut records due to above exercises, clients will get a discount to their financial balances.
Is Coinbase a wallet?
Coinbase isn’t precisely a wallet; however it can be utilized as a wallet. The multi-utility stage additionally gives additional security to those needing to store their assets for a more extended term called “Vault.” This again brings up a similar issue of whether it is a sheltered stage or not. The appropriate response is yes, as it generally organizes your assets and individual record security.
This is an astonishing crypto trade stage with regards to sending, accepting, and exchanging (through GDAX) cryptographic money. Rather than other crypto trades, this stage is the most trusted, greatest, most secure and most straightforward cryptographic money trade. It isn’t only simple to utilize yet in addition offers greater installment strategies, giving an extraordinary crypto exchanging and executing background to its clients.
Albeit some trust it to be even more a wallet than a crypto trade stage, it allows you to make three sorts of wallets, for example, Coinbase Bitcoin wallet, Coinbase vault, Multisig vault.
Along these lines, this stage is a section entryway to the crypto market and gives you a chance to purchase Bitcoin, Litecoin, Ethereum, and Bitcoin Cash which are the most widely recognized what comes to put resources into ICO’s.
What is Wemark (WMK)?
Wemark (WMK) is a blockchain – based technology marketplace specifically focuses on the rights and revenue of digital content contribution – photos – it allows all types of photographers (from freelance to professional ones) to keep all the copyright to their contents and license it directly to clients.
This cryptocurrency platform aims to eradicate the need for stock photo agencies (such as Getty Images) and greedy intermediaries that take up the credit and get up to 85% of their potential revenue. With WMK, users can have real-time peer-to-peer transactions between creators and consumers – ensured with security, authenticity, and transparency.
With the Wemark (WMK) platform, creators and content owners can directly license their content to clients via the blockchain. Because of this, they can benefit more on the potential revenue, while clients can get high – quality photos at a much affordable price range.
Fun fact: Did you know that Wemark (WMK) is the first (also one and only) cryptocurrency platform which is a concern to the digital content sector? With that being said, WMK is growing crypto – community of leading independent professional and freelance photographers and content creators.
The Special Features of Wemark (WMK)
The Wemark (WMK) core team aims to put a stop to the highly – centralized content agencies that remove the rights of the original content creators of images. Having said that, Wemark brings you the special features below that will give back the rights and revenue to the respective owners:
- Direct licensing – creators and owners can directly license their content to clients for legal use (no agency and middleman involved), this special feature protects your copyrights to the said content while maintaining an affordable price and getting 100% of the revenue for each sale.
- Immutable distribution terms – this special feature promotes mutually agreed terms which are registered on the blockchain which is immutable.
- Immutable distribution agreement – this agreement enables content creators and owners to work together with marketplaces that will benefit both parties. The agreement comes with the price for the content licensure, the licensing terms to be issued to the user/s, distribution fee/s to be salaried to Wemark, and the referral’s percentage for their succeeding sales. This agreement is digitally signed, and then the contract’s terms are organized on the public blockchain ledger which is immutable (the only way to revert the agreement’s terms is to get consent on all the related parties).
- Smart agreement – this agreement is based on the Ethereum (ETH) smart contracts which allow you to receive payments, issue licenses directly, and automatically distribute revenues.
- Automated payments distribution – basically, Wemark’s blockchain technology serves as the middleman and/or agency which automatically manages and distributes payment with complete transparency. Contributors who put content licensure earn money according to a series of pre – set rules which are not controlled by the platform. Blockchain technology – based smart contracts automatically distribute payments to the respective parties under the immutable terms.
- Referral rewards program – be rewarded by successfully inviting fellow content creators to use Wemark (WMK); plus promoting original content on the platform.
What is the Potential Price of Wemark (WMK) Token?
Wemark (WMK) introduces the cryptocurrency industry to a token that powers up a direct economy for digital content (images as of now). The WMK token serves as the native payment system and acts as the internal currency of the network.
With that being said, we have provided the tables below regarding the potential price of WMK tokens:
|WMK Token Information||Details|
|Token Type||ERC – 20|
|Price in ICO||$0.2 USD|
|Available Tokens for Sale||51,300,000 WMK|
|Available Token Percentage for Sale||38%|
|Total Tokens Supply||135,000,000 WMK|
|Limited Token Supply||Yes|
|WMK Token Investment Information||Details|
|Soft Capitalization (2% of the Total Supply)||$1,500,000 USD|
|Hard Capitalization (5% of the Total Supply)||$8,000,000 USD|
|Investor Supply||51,000,000 WMK|
|Token Generated Event (TGE) Pre – Sale||May 7, 2018 – July 23, 2018|
|Token Generated Event (TGE) Public Sale||July 24, 2018 – August 7, 2018|
|Burning||Yes (all unsolved WMK tokens will be burned)|
|WMK Token Supply Distribution||Percentage|
|Reserved for Community Rewards and Economy Scaling||37.5%|
|Advisors and Partnerships||12%|
|Founding Team and Employees||11%|
List of Wemark (WMK) Trading Exchange Sites
For the time being, no legitimate trading exchange site that honors the WMK cryptocurrency is known or provided.
Wemark (WMK) ICO Profile Information
The ICO abbreviation stands for “Initial Currency Offering” or “Initial Coin Offering.” Initial Coin Offering refers to an individual who offers potential investors some units of a new cryptocurrency platform or new crypto – token in exchange of legal tender or other cryptocurrencies.
This 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 table below indicates the complete ICO profile information of Wemark (WMK):
|WMK ICO OVERVIEW||Information|
|Category||Marketplace, Music and Arts|
|First Announced||April 7, 2018|
|ICO Start Date||July 24, 2018|
|ICO End Date||August 7, 2018|
|Know your Customer (KYC)||Required|
|GENERAL ICO INFORMATION||RATINGS|
|Number of Members||2/2|
|SOCIAL MEDIA INFORMATION||RATINGS|
|SOCIAL MEDIA INFORMATION||STATISTICS|
|Alexa Rank||482,895 th|
|Promotional Video||161,945 views|
The Team behind Wemark (WMK)
Wemark (WMK) was officially found in 2015; it has physical headquarters located in San Francisco, USA; it also has a physical Research and Development (R&D) office in Tel Aviv, Israel. The cryptocurrency platform is also backed up with leading global investors and renowned advisors.
Without further ado, here are the key people behind the cryptocurrency platform of the digital content sector:
- Tai Kaish – co – founder and also works as the chief executive officer (CEO); Kaish has a decade of digital marketing and growth hacking experience in Israel’s top organizations, brands, and even for business startups. Kaish is also a guest lecturer and mentor for Marketing and Entrepreneurship in several academies and international schools.
- Pavel Elkind – co – founder and also works as the chief technology officer; Elkind has more than a decade of software engineering and management experience. Elkind holds a degree in Computer Sciences at the Open University of Israel.
- Roy Meirom – co – founder and also works as the vice president of business development; Meirom is also a successful entrepreneur who is highly experienced in strategic partnership building and business development. Meirom holds Honors LLB degree in Law, a bachelor’s degree in Business Administration, and an IB Diploma in The American International School of Zagreb, Croatia.
- Tomer Gabbai – works as a lead frontend founding engineer
- Barak Simon – works as a lead backend senior software engineer
- Ohad Peled – works as a lead UX and UI designer
- Shenhav Yehuda – works as a marketing director
- Adam Wolski – works as a full – stack software developer
- Chen Feldman – works as a full – stack software developer
- Or Twig – works as a cryptocurrency marketing specialist
- Sophia Danziger – a marketing intern
Board of advisors and angel investors
- Lars Perkins – former founder and CEO of Picasa
- Keren Sachs – former director and content development at Shutterstock
- Michael C. Lesser – former vice president and general counsel at Shutterstock
- Miguel Forbes – co – founder of Forbes.com
- Lee Torens – marketplace director at Canva
- Gilon Miller – co – founder and CEO of Gurushots
- James Currier – angel investor, serial entrepreneur, and world expert in network effects and growth
- Gigi Levy – one of Israel’s most nominated angel investor
- Ram Avissar – strategy advisor for blockchain – based projects
- James Waugh – ICO and TGE advisor; founder of Blueblock
- Yan Pritzker – advisor and founder of Onchain Ventures
- Amir Feder – token economics advisor
- Philippe Bouaziz – advisor and investor; founder of Prodware and chairman at Sarona Ventures
- Ran Oz – serial entrepreneur and co – founder of Wochit Inc. and EquityX
- Dr. Raphael Yahalom – blockchain and cybersecurity researcher
- Lior Prosor – investor in several Israeli startups and managing partner at Elevator Fund
- Ari Shpanya – founder at Slice RE, Zent, imOnline, and Wiser Solutions Inc.
- Dr. Dov Greenbaum – blockchain regulations and ethics researcher
The Wemark (WMK) Road Plan
The Wemark (WMK) core team makes the most of the blockchain technology ecosystem to eradicate large photo content agencies and give the full credits to where it is due. With that being said, here is a glimpse of the accomplished milestones of the content creator – friendly platform:
- Wemark has officially took part in the S17 NFX class and took 3 months of acceleration program that focuses on market and network effects in California.
- Raised and completed a pre – seed fundraising round of $1 million from leading stage venture capitalists in Israel and USA
- The WMK core team has officially joined the NFX accelerator program – a $150 million worth of fund that focuses in market and network effects.
- Official launch of the creator waiting list for pioneering contributors. This milestone has attracted more than 1,000 photographers from across the globe to sign up on Wemark (WMK).
- Official launch of Wemark’s first product – photographers can now create their own profile, verify identity, upload their images, and submit to the blockchain for review . This milestone has attracted thousands of photographers who have submitted more than 20,000 images.
- Official announcement of Wemark’s first board of advisors: Lars Perkins, Lee Torrens, and Keren Sachs.
- Official release of Wemark’s whitepaper
- Crowdsale information officially published on the website
- Official announcement of exclusively strategic partnership with the world’s biggest content providers in stock photography.
- Wemark has officially launched a new token generated event (TGE) website.
- The TGE public sale of WMK tokens has officially begun on May 7, 2018.
- Wemark.com officially goes live. The site is a full-force marketplace which includes safe transactions, licensing, and payment distribution.
- WMK alpha version
The Wemark (WMK) Project
The Wemark (WMK) core team promises to continue to invest its funds on Research and Development (R&D), marketing and business development aiming for a thriving marketplace and ecosystem. Wemark seeks to establish a global network which enables the distributed exchange of different types of digital content, getting rid of greedy intermediaries and agencies, and creating a low-cost and transparent way to transact to the official content creator directly.
Here are the upcoming projects of WMK for the coming years ahead:
- To release the beta version of WMK. This includes a fully-functional marketplace, newly improved UX, a wide array of curated images (all ready for direct licensing from creators), and large-scale marketing campaign for new clients.
- To launch “Wemark (WMK) Pioneers” – an early clients’ program exclusively for photojournalists and graphic designers from top advertising and design firms, in-house design studios, and notable publications. Members will receive perks, complete onboarding process guide, and tons of WMK tokens.
- To add more payment methods including wire transfer, credit card, Bitcoin (BTC), Ethereum (ETH), etc.
- To support new, different types of digital content such as videos, vectors, illustrations, 3D models, games, and even stock music.
To conclude, Wemark (WMK) has done an excellent job in transforming the digital content sector (photography for the time being). The core team successfully identified the issues with the current highly – centralized approach to the contribution of digital content. As a result, this new cryptocurrency platform has addressed and gradually puts a stop to the dirty thriving business of greedy photo agencies and intermediaries who abuses the talents/skills of professional photographers and content creators.
Wemark (WMK) successfully moves the digital content (photos) marketplace to the decentralized world of blockchain and cryptocurrency which has benefited both the creator and the consumer.
Raiden Network (RDN) is a blockchain technology service with an off-chain scaling solution which offers nearly instant, low transaction fee, and secure payments. It is complementary to the Ethereum (ETH) blockchain and works with any ERC 20 – compliant tokens.
Since all the transactions made on the Raiden Network happens off-chain (outside the blockchain technology), they will not require expensive, supply – heavy, and slow processing time reaching the consensus for confirmation. Payments can be made in an instant, and the funds are available for just a matter of minutes (once the upcoming available payment channel is confirmed by the blockchain). The participating parties of the transaction will digitally sign a payment to validate and verify a smart contract on the blockchain.
This network was made to eradicate network congestion and slow transaction processing time just like what the ETH users are currently facing. This cryptocurrency network was established with the following concepts:
- Fast transaction processing time and confirmation of global payments
- Scalable blockchain technology
- Comprehensive implementation of digital assets and cryptocurrency transactions
The Raiden Network (RDN) is currently at the stage where µRaiden or Micro Raiden Network (µRDN) is utilized in stand-alone, private enterprise distributions. This micro network enables quick point-to-point (p2p) micropayments for pay-per-use websites (take note that RDN and µRaiden are different networks).
Fun fact: Did you know that a core developer of Ethereum blockchain founded Raiden Network? The founder saw the flaws of the blockchain network. Thus, he created his off-chain!
The Special Features of Raiden Network (RDN)
The Raiden Network (RDN) is dubbed as Ethereum’s (ETH) “Lightning Network” since it has addressed the slow processes of the said network.
Without further ado, here are the unique features that the Raiden Network (RDN) enables:
- Low transaction fees – this special feature also allows users to have multiple transactions to take place off – chain.
- Bidirectional payment channel – this allows RDN token transactions to go back and forth without the hassle.
- Multi – hop hash – locked transfers – this allows RDN tokens to go through numerous nodes (not only through a single node) while being secured with a “secret key”.
- Secret key – a secret key keeps a – RDN token secure as it goes through nodes. This key is only provided by the sender so that the receiver can claim it on – chain.
- Payment channels – this special feature works by having fixed payment routes where transactions are assured to be verified instantaneously.
- Balance proof – this feature is a method where a payment channel exists once an on – chain deposit takes place. It serves as an insurance policy for transferred funds.
- Payment channels which allow off – chain transactions – this special feature guarantee users to have secured transactions. With its cryptographic proof and smart contract/s, each transaction can be securely completed.
- 100% private transactions – all transactions made in the Raiden Network (RDN) are 100% untraceable on the public ledger.
- Expedited transfer confirmation – the Raiden Network verifies and confirms each and every transaction for less than a second!
- Atomic swap – this special feature enables all ERC-20 compatible tokens to be interchangeable. Meaning to say, users can instantly swap for other ERC-20 compatible tokens without a 3rd party and with low transaction fees.
- Interoperable cryptocurrency – RDN token is interoperable between all ERC – 20 compliant tokens.
- Micropayments capability
What is a Raiden Network Token (RDN)?
Even though the Raiden Network (RDN) is not a cryptocurrency but rather, an ecosystem, Raiden Network Token is an ERC-20 compatible which was made to be the means of exchange on the platform and to fund the network.
The Raiden Network Token is the corresponding cryptocurrency of the Raiden Network (RDN). Each of which is the off-chain solution to Ethereum’s (ETH) shortage of scalability and transaction processing duration.
What is the Potential Price of Raiden Network Tokens (RDN)?
For the time being, about 100 million RDN exist, approximately 50 million RDN are currently in circulation, 50% are held for public auction, 34% are held by Brainbot Labs Est., while the 16% remainder is stored for the external development fund.
Statistics suggest that compared to other cryptocurrencies, the RDN tokens has had a stable increase in the past years, this factor will have a significant impact on the investors that this network is for long-term hold rather than a one day millionaire.
In line with this, below is the table that details out the RDN token info as well as its potential price for 2018:
|RDN Token Information||Price Predictions|
|Total Coin Supply||100,000 RDN|
|Total Target Market Capitalization||$8,500,000,000 USD|
|Total Competitors||Truebit and Ethereum Upgrades Only|
|Total Expected Market Share||<70%|
|Price Target||$62 USD|
|Potential Price Increase||1300%|
|Potential Market Capitalization||6.2 billion USD|
|RDN Token Information||Details|
|Token Type||ERC 20|
|Token Price||$0.74 USD/ 0.0016794828 ETH/ 0.001269 BTC|
|Current ICO Price||$0.67 USD (0.00219060 ETH)|
|ICO Profit||1.12x USD/ 0.77x ETH/ 1.23x BTC|
|Token for Sale||55,000,000 MTL|
|Total Tokens Raised||$1,945,000 USD|
|RDN Fundraising Goal||$33,400,000 USD (109,532 ETH)|
|Trade Start||November 8, 2017|
|Raiden Network Token (RDN) Information||Statistics|
|Market Capitalization||$37,427,782 USD/ 6,364 BTC/ 84, 812 ETH|
|Hard Capitalization||90,779,226 ETH (2.77 billion)|
|Percentage of Tokens Distributed to Crowdsale||50|
|Trading Volume (24 Hours)||$1,029,460 USD/ 175.04 BTC/ 2,333 ETH|
|Trading Volume (24 Hour Low/ 24 Hour High)||$0.743428 USD/ $0.800192 USD|
|All Time High||$8.65 USD|
|Since All Time High||-91%|
|All Time High Date||01-09-2018 (6 months)|
|Circulating Supply||50,168,936 RDN|
|Total Supply||100,000,000 RDN|
|Raiden Network (RDN) Financial Information||Details|
List of Raiden Network Token (RDN) Trading Exchange Sites
The RDN token can be traded at numerous exchange sites including Binance (however you are required to buy Ethereum first from your selected exchange site such as Coinbase). Once you have finally established the right account, you can use any ERC-20 compatible wallet.
Without further ado, enlisted below are the legitimate sites that honor RDN tokens to get you started:
|RDN EXCHANGE SITES||PRICE||TRADING PAIRS|
|Huobipro.com||$0.752613 USD/ 0.00012768 BTC/ 0.00169154 ETH||RDN/BTC; RDN/ETH|
|Binance.com||$0.755678 USD/ 0.0001282 BTC/ 0.0017009 ETH/ 0.05307 BNB||RDN/BTC; RDN/ETH; RDN/BNB|
|Latoken.com||$0.739214 USD/ 0.0016637 ETH/ 6.8223 LA/ 0 BTC/ 0 USDT||RDN/ETH; RDN/LA; RDN/BTC; RDN/USDT|
|Gate.io||$0.753990 USD/ 0.751 USDT/ 0.001686 ETH||RDN/USDT; RDN/ETH|
|OKEx.com||$0.755990 USD/ 0.00012732 BTC/ 0.00171131 ETH/ 0.754 USDT||RDN/BTC; RDN/ETH; RDN/USDT|
|Ethfinex||0.0016604 ETH/ 0.00012417 BTC/ $0.7047 USD||RDN/ETH; RDN/BTC; RDN/USD|
|Bibox.com||$0.751952 USD/ 0.00012664 BTC/ 0.00169401 ETH||RDN/BTC; RDN/ETH|
|KuCoin.com||0.00012313 BTC/ 0.0016109 ETH||RDN/BTC; RDN/ETH|
IMPORTANT: Please bear in mind that you have to use only the mentioned sites below as a lot of exchanges steal personal information and even your digital assets!
How to Buy RDN Tokens?
In this guide, we will teach you the most straightforward way on how to buy RDN tokens. Just follow the steps below:
- First, create an account on Coinbase or on Bitstamp (you will receive a confirmation email once you are done with the registration, click the link to verify your account).
- Once your account is verified, you can now buy Ethereum (ETH) via local bank transfer or credit card.
- Deposit the tokens on your selected exchange site.
- Once you received the tokens, follow the steps on your selected exchange then start trading.
Where to Store RDN Tokens?
Since RDN tokens are ERC-20 compatible, users can store it on a hardware wallet that honors the Ethereum (ETH) blockchain. With that being said, users can also save it on MyEtherWallet (MEW).
Raiden Network (RDN) ICO Profile Information
The ICO abbreviation stands for “Initial Coin Offering.” This refers to the unfettered means where funds are raised for new cryptocurrency and digital asset endeavors. This offering is usually utilized by pioneering businesses who want to avoid the demanding and regulated processes of capital-raising that are required by financial institutions and venture capitalists.
With that being said, below is the table about the complete ICO information of Raiden Network (RDN):
|RDN ICO OVERVIEW||PERCENTAGE|
|Complete Metrics Score||Total of 54%|
|Major Exchanges Trading Activity||40% Liquidity|
|Source Code Repository Activity||84% Developer|
|Social Media and Discussion Board||35% of the Community|
|RDN ICO||TECHNICAL NOTES|
|Raiden Network (RDN)||The network which supports the 3 networks made by Brainbot Labs Est.|
|Micro Raiden (µRaiden)||The mini network which enables one recipient to send payments to numerous senders|
|Raidos version 2.0||A proposed side chain technology which simplifies state channels|
|Raidex||A part of the Raiden Network, it is a work in progress cryptocurrency exchange built on its technology|
|GENERAL ICO INFORMATION||RATINGS|
|Number of Members||2/2|
|SOCIAL MEDIA INFORMATION||RATINGS|
|SOCIAL MEDIA INFORMATION||STATISTICS|
|Average Users Online||1,000|
|Average New Hot Posts Per Hour||0.1|
|Average New Comments on Hot Posts Per Hour||0.4|
|MISCELLANEOUS ICO INFORMATION||DETAILS|
|Genesis Date||October 18, 2017|
|Available Supply||50.2 million RDN|
|Total Supply||100 million RDN|
|ADDITIONAL ICO INFORMATION||DETAILS|
|Whitelist||Yes (however, period is not yet set)|
|Know your Customer (KYC)||Yes (however, period is not yet set)|
|Bonus/es for the first||No|
|RDN Token Issue||1 week after the end of ICO|
|MISSING ICO INFORMATION||DETAILS|
|Social Media||BitcoinTalk and Reddit links are missing|
The Team behind Raiden Network (RDN)
Brainbot Labs Est created the Raiden Network (RDN). Brainbot Technologies AG – a software company focusing on the blockchain protocol development studio – Heiko Hees officially founded it in the year 2000.
Heiko Hees is the founder and chief executive officer, Hees is a German national who graduated in Johannes Gutenberg University Mainz.
The Raiden Network consists of up to 50 employees in physical offices in Berlin, Copenhagen, and Mainz (Unfortunately, identities and information about the core team members are not provided).
The Raiden Network (RDN) Road Plan
The Raiden Network (RDN) road plan is a work in progress (and it will always be to give an excellent user-experience), the core team’s goal is to explore what the state channel technology can do, outline protocols, and improve reference operations.
The core team did not provide a clear road plan (which is one of the factors that made this network admirable to users). While it is a typical expression to appreciate cryptocurrency networks that publish development milestones, outline a road plan, and solve various problems on their platform. Some users found a valid reason why you should not be afraid of investing on a platform without a detailed road plan.
What sets the Raiden Network (RDN) apart, is the excitement it brings to the users that no one will know when the core team will launch a new unique feature, etc.
The Raiden Network (RDN) Project
Raiden Network (RDN) describes itself as a much – anticipated blockchain core infrastructure project. Since the founder is a former core developer of Ethereum (ETH), its primary goal is to scale up the capacities of the said cryptocurrency to upkeep with the significant adoption.
Unfortunately, there are no information and updates regarding the upcoming projects of the said network even on their official social media accounts.
With the lack (or absence) of information about the upcoming projects of RDN, users only hold on to high speculations about this off – chain network.
To conclude, the Raiden Network (RDN) runs on the Ethereum (ETH) blockchain and does not (in any way) intend to replace or compete with the said cryptocurrency. RDN is dubbed as Ethereum’s “Lightning Network.”
KuCoin has already proven its efficacy in the cryptocurrency industry. Their continuous development both in interface and customer service has made the platform a stable and reliable system for every user. Therefore, making KuCoin as amongst the leading crypto exchanges in the present time.
Today, they are very pleased to announce that they have listed another promising currency called Fantom (FTM).
Deposits are now available with supported trading pairs such as FTM/BTC an FTM/ETH. All transaction activities are done utilizing KuCoin’s official website, www.kucoin.com, or to their mobile application.
Buying order starts at 17:30 (UTC+8), while Selling order at 18:00, and Withdrawal at 20:00 (UTC+8).
About Fantom (FTM)
FANTOM is a DAG-based platform that will enable users to build and perform smart contracts in a much flexible and scalable manner contrasted to blockchain-based agreements. Often without recognition, most people do not understand that the blockchain technology moves its transactions and smart contracts within the blocks which operate under the miners. With them in between it often presents various risks which point to snag the trades. Through the DAG disqualification of miners, the deals will go on faster since the solution eliminates several transactions.
How does Fantom DAG Smart Contract Opera Chain operate?
FANTOM define their platform as using a more improved version of the DAG model to increase the speed of resolving the contracts and raising the levels of scalability.
Fantom FTM Token ICO
The FANTOM platform primary token (FTM) will adopt an inflationary system which facilitates the expansion of the ecosystem. The total token number will be 3.55 billion with an initial 5% inflation rate annually. Once the price approaches 20%, the rest of the tokens go into offering incentives and rewards for the FANTOM platform users. Still, it is discerning to note that the concept is still primarily on paper and plans to roll out once it concludes all its improvements at the beginning of 2019.
Fantom ICO Team
The lead team behind Fantom Foundation is composed of 11 members, along with eight advisors. Beyond the core foundation members, the platform development team holds an additional 16 members in total.
Dr. Ahn Byung Ik (Founder and CEO) Dr. Ahn holds a Ph.D. in computer science from Yonsei University and is President of the Korea Food-Tech Association. Dr. Ahn’s record of previous successes in the startup realm is noteworthy. In 1998, he founded a location based service company called Point-I which he then sold after IPO. Again, in 2010, Dr. Ahn founded food-tech platform SikSin (similar to Yelp) which according to Google Play has reached 1 million+ downloads.
Bob Tucker (COO) Bob has over 25 years of experience managing businesses for leading financial institutions and asset managers, including Barclays Capital, Bank Austria Creditanstalt, Man Investments and ANZ Bank. Most recently, Bob was the Head of Business Management for the Global Markets and Institutional Loans division of ANZ Bank. He has prior experience in the cryptospace through his role as COO at Digital Currency Holdings.
Sean Yun (CFO) Sean concurrently serves in several different positions aside from Fantom- he is an Auditor for Natural FNP and TCN Bioscience, and also CEO of Foodntable. Prior to his current roles, he served as a manager at the Industrial Bank of Korea for 3 years.
Even though more and more outlets and retailers are starting to accept cryptocurrency as a method of payment, anyone in a hold of a sum of bitcoins or “altcoins” can still not utilize them in day-to-day financial operations. The idea of designing a marketplace came to the project team after a crowdfunding platform where small-scale productions and startups find crowdfunding for the development of their projects and recognition of their ideas.
The process we shop online is advancing to develop by leaps and bounds in the years to come. As the Internet is becoming more comprehensive, the number of online shoppers and businesses is on inflation.
Storiqa assists businesses to streamline their sales processes for the new digital economy by utilizing smart contracts and facilitating payments in various cryptocurrencies.
What is Storiqa?
Storiqa is an online crypto marketplace that strives to resolve several problems such as financial borders, false reviews, and extra charges that are present within the present generation of marketplaces by utilizing blockchain technology and smart contracts to help businesses streamline their sales processes and payment mechanisms. Their focus is on SMEs (Small and Medium-Scale enterprises), and they intend to achieve their focus by providing an easy-to-setup marketplace that can be heavily customizable and secure for individual enterprises.
Storiqa is based in Russia and has already partnered with over 50 shops and vendors in Russia for their concluded test launch, and they are currently seeking to expand their presence to the Asian and American markets. Moreover, Storiqa has also released their Beta MVP version,
What problems does it solve?
Currently, payments are one of the largest problems in this business because of low transparency, the involvement of agents and high charges. It is a trouble for both buyers and sellers.
Storiqa’s platform treats payments immediately, without the involvement of intermediaries, using any currency of your choice set against the cryptocurrency price defined by the seller. Furthermore, unified smart contracts make transactions extremely fast and reliable.
The smart contract guarantees that the money goes to the seller when and only when the buyer approves the delivery. So, the buyer makes the fee once their order arrives, which makes it suitable for both parties and rises trustworthiness.
Customer analysis tools
Storiqa enables businesses to follow customers’ activity in a simple and classy way. It offers the required mechanisms to constantly collect, analyze and process customer information.
Storiqa offers an integrated telephony service that allows the store owners to receive feedback calls from their clients with next to no setup needed. Owners can also save and playback recorded calls, and monitor the performance of their call managers. This makes it easy to gather feedback quickly, and implement changes to increase sales.
Storiqa STQ Token
The STQ is the native crypto of the network produced according to blockchain standards and will be the primary currency within the Storiqa market. Low transaction costs are some of the benefits presented as the reason why people can settle for the currency.
Storiqa made a symbolic sale of STQ tokens earlier this year. Anyone who has bought the tokens in the ICO is eligible for more profits and bonuses. The starting price of an STQ token in ICO time was $ 0.003
Storiqa Coin Features
The Storiqa coin, as a sufficient number of encrypted coins, has a limit on the total number of coins that will be in circulation. The maximum bid is linked to 11,287,544, 272 STQ coins. Currently, there are around 7, 767,544,247 STQ coins on offer.
The company made its first initial coin offer between November 27, 2017, and January 26, 2018. The company intends to provide 10% for the first STQ buyers, and 15% for the Storiqa team. The remaining 60% were disseminated through the symbolic sale.
The Cryptomaniac has a constant supply of coins and accepts soft, hard coins. One of the digital wallets that the coin is compatible includes Storiqa Wallet, MyEtherWallet and any Wallet that is compatible with ERC20 as it is an ERC20 token. STQ tokens should be utilized for external and internal payments in the Storiqa market.
Storiqa Core Team
Genaro Network is a blockchain based ecosystem that aims at encouraging users to share their spare disk space in return for a reward paid in tokens. The Genaro Network has its eyes set on making the world’s largest cloud storage system by utilizing storage spaces from the users. They aim at providing a base for new projects where blockchain developers can deploy smart contracts and also store their data simultaneously. Now with the introduction of blockchain 3.0, Genaro Network also aims in developing blockchain infrastructure.
Genaro Network also has plans to focus more on DApps and user application hosting. It can also act as a base for more intelligent as well as powerful programs that need a hell lot of space to accommodate its computing power. This platform has the potential to power simple user programs like small apps to high-level programs like evolving artificial intelligence or high-level programming in the robotics field.
Genaro Network is revolutionizing the storage scenario. It is moving from cloud to blockchain which is more secure and connected. According to Genaro, the only blockchain can help us in revolutionizing the way which we deal with large data and programs like artificial intelligence. They say that only if we move from cloud to blockchain, decentralized applications will be as useful as internet applications.
Larry Liu is the founder and project lead of Genaro Network. Larry is an entrepreneur with an engineering degree who has worked as a security engineer in Hewlett Packard, after getting his degree from North Western University U.S.A. Jason Inch is the co-founder and the strategic lead at Genaro Network. Inch has more than twenty years of experience in Silicon Valley as a tech expert. He is also the founder of China Business Events meet up the community. He is also an accomplished author. Waylon Wu is also a co-founder and the technology lead at Genaro Network. Andrea Liu is the technology lead.
HOW DOES Genaro WORK?
The prime objective of Genaro Network is to build a Turing-complete public blockchain with a decentralized network. This will act as the new breeding ground for the Genaro Network’s ecosystem of decentralized applications. Applications which need a lot of space, which is currently not as good in blockchain 2.0 platforms like etherium will come running for Genaro Network ecosystem as it can handle massive files like videos and solve the scaling issues.
Genaro Network’s other ventures like Genaro HUB and Genaro ACCELERATOR will aid in making the Genaro Network ecosystem more friendly for DApps. The Genaro HUB has physical co-working spaces where the Genaro Network helps in developer collaborations. Genaro ACCELERATOR provides the support needed for developers in the Genaro Network ecosystem.
GNX, THE Genaro token.
A total of 7 billion GNX tokens is issued where eighty-five percent of the supply is allocated to the general public. Fifteen percentage is designated to the Genaro Network team where the fifteen is further split into two, nine percent for co-founders and six for the consultants. The GNX tokens are priced at the rate of 1 ETH = 3000 GNX
One of the main drawbacks of blockchain 2.0 based platforms like etherium and bitcoin is its incapacity to hold large data. Here is where Genaro Network comes in, with its new ecosystem based on blockchain 3.0 it can focus on smart contracts and storage to the blockchain, hence creating the world’s first smart storage. Developers can build DApps or decentralized applications on this platform by taking advantage of Genaro Network’s smart storage and smart contracts. The future does look bright for Genaro Network.