Author: Delton Rhodes
While the cryptocurrency market can be a good way to make money, it is also a prime target market for scammers. In this article, we’ll look at some of the most common Bitcoin schemes and how to protect yourself from falling for them.
Be Weary of Cryptocurrency Giveaways
Amongst the various types of bitcoin schemes, many of the top people and projects in the
While the cryptocurrency market can be a good way to make money, it is also a prime target market for scammers. In this article, we’ll look at some of the most common bitcoin schemes and how to protect yourself from falling for them.
Be Weary of Cryptocurrency Giveaways
Amongst the various types of bitcoin schemes, many of the top people and projects in the industry are concerned with the prevalence of giveaway scams. These scams often take place on popular social media platforms, especially Twitter. Big names like Vitalik Buterin even list “Not giving away ETH” in their profiles to make the cryptocurrency community aware of this issue.
Typically, these scams will tell people to send ETH or BTC to a given address. The scammer promises to give that person more ETH or BTC in return. While this might seem like an obvious scam, the number of profiles that include “Not giving away ETH” make it apparent that this type of scam is quite rampant.
Even in the case of legitimate airdrops or bounty programs, the amount of funds given away are typically much lower. Most importantly, legitimate giveaways would never ask a user to send funds first and then give funds in the same cryptocurrency back.
“Guaranteed Returns” on ICOs
In some financial markets (i.e. bonds, CDs, etc.), banks guarantee returns of a certain amount. However, this is not the case in other financial markets. Much like in the stock market, the cryptocurrency market has no profit guarantees. Any cryptocurrency ICO that guarantees that the price of its token will rise to a certain percentage is likely to be a scam. ICO scams continue to be a problem for the cryptocurrency market, especially due to the lack of regulatory frameworks throughout the world.
Even if it is very possible that a given cryptocurrency will rise in value over time, scams are likely to use precise numbers and phrases like “guaranteed returns”. Similar to the giveaway scam, these ICOs will ask investors to send BTC, ETH, or other popular cryptocurrencies to the scammer’s wallet address.
The problem is that almost every cryptocurrency project (legitimate or not) relies upon this type of exchange of funds. The only major difference, in the end, is that a scam doesn’t send tokens in return.
So what separates ICO scams from legitimate ICOs?
While some fake projects guarantee returns, legitimate ones do not. Legitimate ICOs typically have several positive reviews, verified team members with KYC and AML checks, established strategic partnerships, and other factors.
Cloud Mining Scams
Cloud mining continues to be another popular option for bitcoin schemes. The above-mentioned cryptocurrency scams might appear to be more obvious. In contrast, cloud mining scams often seemingly appear more legitimate. In some cases, cloud mining companies guarantee returns. Again, this is an obvious scam, especially since it’s very difficult to predict cryptocurrency price fluctuation.
Sometimes, fake cloud mining companies are disguised much better and don’t include guarantees on returns. They merely charge users a subscription fee upfront without any real chance of profitability. It’s also worth noting that even the most popular and legitimate cloud mining companies do not offer a good return on investment.
Even if you are thinking about going with a legitimate cloud mining service, it’s important to consider how long it will take you to get a return on investment. Most of the time, it’s easier to make profits via mining rigs or cryptocurrency trading. In any case, always thoroughly read reviews on any cloud mining service.
Don’t Go Phishing
There are few different types of crypto-related phishing scams that anyone should be aware of. First, emails that attempt to fool users into thinking that they are a popular service are commonly scams. For example, a scammer might send a fake security alert saying that someone has just tried to log in to a user’s account. This type of email generally asks a user to click on the link to verify that everything is fine. A scammer can even ask a user to participate in a survey or giveaway by clicking on the link.
Once a user provides the scammer with sensitive data (i.e. login credentials, private key, etc.), the scammer then has the information needed to hack the user’s account. In some cases, scammers have created Facebook pages and other social media accounts in order to pretend to be a legitimate exchange. Sometimes, scammers even create Google ad campaigns. Always be careful of the outbound links and try to verify that you are going to a legitimate website.
There are a few ways to prevent against phishing attacks. First, it’s always important to make sure that you are going to the correct website. Sometimes, the URL can be similar enough to make you think it is a crypto-site that you use on a regular basis. By verifying that you visit the correct URL every time when entering login credentials, you can keep your funds safe.
Another way to prevent scams is through increased security measures. For example, by enabling two-factor authentication (2FA), you can make it a bit more difficult for hackers to access your actual accounts in case you accidentally fall for a phishing attack. Hopefully, by setting up 2FA, you will be able to increase the security of your funds.
In an age where it is actually possible to become a ‘crypto millionaire’, it’s also important not to think that doing so is easy to accomplish. It should be a top priority for any investor to understand how to prevent from falling for bitcoin schemes. The types of cryptocurrency scams mentioned in this article provide just a few examples of what to watch out for. By using these strategies to detect various scams, it will be simpler to mitigate potential risks and sort out the real opportunities from the fake.
Introduction to Verge (XVG)
Verge is an online peer to peer payment system that focuses mainly on the privacy of the user which is to make the transaction anonymous. It uses anonymity networks such as TOR and I2P to achieve the anonymous transactions. With Verge, the IP addresses and the transactions of the users are completely untraceable. Verge also provides wallets for storing the XVG tokens on platforms like Windows, Mac OS, Linux and TOR wallet for mobile.
The wallet of the Verge is pretty secure and fast as it only takes about 30 seconds to make a transaction. It is mainly a community driven project with developers contributing from different parts of the world to the development of the platform. It is not a private company that I funded through the ICO or the mining. The fact that the fee per transaction in Verge is so low that anyone can afford it. It is not necessary to send money as the private transaction can send with user’s name also as it provides with the choice of the privacy whether it wants it or not.
There is a wraith protocol in the Verge system that enables users to send money anonymously to anyone in the blockchain this wraith protocol empowers the stealth addressing services to the users. And the user can turn it off any time. This functionality migrates its users to SSL enabled Tor over the Clearnet. Through this, the users of Verge will have an additional layer of the IP mask to provide stealth to the transactions.
The Verge was created in 2014 as DogeCoinDark, but later it was rebranded in 2016 as Verge. By the end of 2017 and the starting of 2018, it became one of the most traded cryptocurrencies on the market taking its market cap to more than USD 3 billion.
How it Works
Verge has an open blockchain, and it aims to protect the privacy of users while sustaining the open blockchain platform. In the field of cryptocurrency transparency is the top priority that is why most businesses want to invest only in the transparent cryptocurrencies. And by providing public blockchain Verge is aiming for that.
Verge has two main features that separate it from the rest in the crypto market, and those features are using TOR to anonymize the IP addresses and the Wraith protocol to make the transaction public or private. But a lot of people complaints that TOR can be used with Bitcoin also agreed, but the Wraith protocol of Verge is not something that any other cryptocurrency offers. They are the first mover on the functionality of Wraith protocol.
Wraith Protocol – this protocol makes it possible for users to choose between the public or private blockchain ledgers. It has been implemented for the first time in the history of the blockchain. And while selecting this will remain anonymous in both transactions anyway because of the utilization of the TOR network. This leads to an interesting way for users who want to see their transactions and who don’t. For example, if any merchant wants to see the history of their transactions they can do that by allowing it in the wraith protocol. And for the users who want their transactions to completely vanish, they have that choice now. Wraith protocol offers complete anonymity while maintaining the safety and security of the network.
The Team behind Verge (XVG)
Being an open source project Verge has a global community who are active in the development of the project. Verge is not a company they view them as a community of extraordinary people with high ambitions. There was no ICO held when they launched the Verge currency.
Every member of the Verge community is unpaid even the core members. Every member and contributor donates their time and energy just because they believe in the project. They have formed a Development team, Business development team, and marketing team to make the hierarchy of the project as a functioning company. Some contributors are giving to the project when they can via Github.
Recently on April 17, Pornhub announced that they would be accepting the Verge tokens XVG as one of the payments methods on their platform. This partnership was considered a significant win for Verge at the time. It was the first partnership and many more to come in future.
Verge has joined hands with Binance to support the flood victims in Japan. Verge family is helping the needy people and giving out donations. They are supporting the victims of torrential rain in the area of West Japan. This leave many people dead and many missing. In this cause, Binance initiated the donation call to support with the total sum of USD 1 million.
Where to buy Verge
Verge tokens XVG can be bought on many exchanges including popular exchanges such as Binance, Bittrex, and Upbit. When verge has reached the market cap, more than USD 3 billion at that everyone wanted a share of the transactions in that period. Only then many new exchanges have come on board for Verge. The user can sign up with these exchanges to buy XVG tokens or can use one the existing wallets that are industry standard for holding the crypto tokens. The most optimal solution is to use the wallets provided by the Verge itself. Verge wallets can be used on any device and any operating system. The Verge coin exchanges are as follows.
Verge coin Exchanges
These are the main exchanges to trade XVG tokens. Binance has more than a million trade volume in the past 24 hours. But in the recent months, the trading of XVG tokens are somewhat limited, and it will pick up once again when they form new partnerships.
The price of Verge has been an issue for them as they were not able to control the pricing due to lack of some solid partnerships. Their price goes up any time they announce a partnership, but after a few days, it goes down again. In April, they announced the partnership with Pornhub that Pornhub will be accepting XVG tokens as a payment method for their platform. It gives users of Pornhub an option to make payments. And the price of XVG surged significantly, but after a few days, it was again at its usual stage.
The highest it has ever gone was in January 2018 when its market cap reached USD 3.2 billion and the price was USD 0.22 but after that its price has never come close to that range. The Current price of Verge is USD 0.022 with the trade volume of USD 4.5 million and the circulating supply of XVG tokens is 15 billion out of 16 billion total tokens issued. And the market cap is USD 337 million. Its price has gained 5.6% in the past 24 hours.
Its future sure looks bright as there are rumors about the partnership with Paypal and Venmo. And Spotify may also support XVG on the day. So the more partnerships it makes, the more it will trade resulting in the price surge once again.
We all know that Verge is a community-driven platform, but still, they are managing all the social media accounts for communicating with the rest of the world and also for updating their investors about the development of the platform.
Verge is available on all social media websites such as Facebook, Twitter, Youtube, and Discord. The user can see the updates and also ask them anything on their accounts they are pretty active on these social accounts. They also have an active Reddit thread to discuss the stages of development and answer the queries of users to their satisfaction. The Source code of Verge can be found on their official Github account.
Many companies have already adopted the blockchain technology which has elevated the system to a new extent. There are over thousands of companies monthly who are getting in associated with the system quickly with the help of this system. With the advancement of the Jingtum tech has come up in the market providing the best in class information based exchange network which will help in boosting the entrepreneurship in the Chinese market. The system has seen the high response from the Chinese market, and many are in use of the system for their better growth in the market.
The Jingtum technology is a modern based value related to advanced internet technology which is from China which helps in the upgrading on the information associated networks to all the value pertaining network system. The system is based on the ecological and promoting all the Chinese enterprises which will help us in developing a new generation digital assets system. The system is getting a huge outcome from the citizens and has been used by many people across the nation. So this was a small introduction to the jingtum system which will help you know how the system run’s on.
Features of the Jingtum technology
Here we shall guide you on all the essential features of the Jingtum technology which will help you know about the system more precisely for better use.
The system gets the best in class internet technologies which will help you get the best in the upgrading of information’s based on your networks for your value based exchange networks. With the help of the system, you can get a better internet which will help you get a boost in the web-based technology for a long run in the order easily. In the coming time, the system will get much of updates which will help you in elevating the system for a better and smooth run in the system. There is always something new to offer in this system which makes it run long for the betterment of the users.
The system main aim is to prepare and promote Chinese enterprises which will help them in revolutionizing new and digital type of assets. There are over thousands of people who are in use of this system for their growth, and it has also helped the nation to grow more into a new extent. The revolutionary ideas and techniques used in the system made it rank good in followed by maintaining a significant mark in the system for a stable enterprise system. The system always gets their new ideas and updates which helps them to make the system run much smoothly and efficiently without any hassle. This revolutionary system will help other nations to get a massive market in the nation.
Best in class security feature
The system gets their best in class security feature which helps in marinating the best of the asset system run ok with the use. There are over millions of users who use the trade system to work on with the system followed by using it on their day to day uses for which the system needs huge security support, so this is the reason why they maintain a huge security feature. The security feature gets the best in class updates for the better run of the system which helps them get a good rank on the system efficiently. The encrypted system allows the best in a class shield for the users to get hold from any kinds of miss lead on the system.
Here we shall guide you on the token information about the system and the related information’s.
Price of Jingtum- $0.00378526.
Gecko rank- 1859.
Market cap rank- 1818.
All-time high- $0.01665510.
Block time- minute.
So these are some of the informations on the token price and other data’s which will be beneficial for the system in the long run. Now let’s have a look at the information on the news about the system and what are the latest things going on with the system.
News on the Jingtum system
Here we shall update you on the information about the jingtum system which will help you know the latest from the system.
– The volume of the system is $269,807 which is a figure to look on.
– The ratio of the system is 1741047.2740538311 which will get a hike soon depending upon the market.
– Soon to get an app for the system which will help in the system use more comfortably and smoothly.
– There are other essential updates with the security system which is coming soon on the system for a better run on the system and better flexibility.
So these are some of the informations on the news updates which will help you get a better idea about the system and how it works on. Now let’s have a look on the social world interaction about the system.
Social World Interaction
Here we shall guide you on with the information’s on the social world and its usages which will help it know how interactive the system is and for how long it can run on.
Facebook- The world of Facebook shows how systematically the system runs and with the amount of like and comments the system gets on the page shows how interactive and positively the system is going on with. The best in the class system shows how smoothly the system is looking for its future and in its coming time how strongly the system will be coming up with. All the latest updates and news are shown on the system easily.
Twitter- The twitter world shows how popular the system is going is up. The system is very smooth to work on, and all the information’s are easy to be displayed on the system easily. The system is straightforward and smooth as the retweets from people shows how best the system is to work on. There are over thousands of likes which the system gets every time they tweet on.
So these are some of the important information on the Jingtum system which will help you know what the important features of the system are and how they work on. Here we have also mentioned out the information on the feature of the system followed by the information on the latest news regarding the system. With the data on the token information, the investors will definitely get a better idea about the system and also helps them in getting the best idea about the system to work on with. With the best in the security updates, the syBstem ranks top on our list.
What is Traxia?
Traxia is a non-profit with designs to organize blockchain technology within the $43 trillion industry that is Financial Technology (FinTech). They’re currently operating the first Cardano-based ICO after Cardano financed in the Traxia ecosystem through their investment team at Emurgo.
The partnership started after Cardano took notice of Traxia’s purpose in the FinTech marketplace. Traxia thinks Cardano is established on a higher system compared to its competitors.
Financial Technology is explained as “a new financial industry that applies technology to improve financial activities” according to Wikipedia. The current technology has been assigned to automating everything like insurance and risk management. However, the antiquated system only enables banks to finance 7% of the entire $43 trillion industry.
The principal financial product the Traxia whitepaper details upgrading are recognized in the financial world as factoring, which is when a business sells an unpaid invoice to a third-party for a discount.
Traxia is being created by the Traxia Foundation, a non-profit located in Switzerland that manages the financial process of the platform. On the technological aspect of the token, Traxia’s substantive feature is being developed by LiqEase, a Shanghai-based corporation. LiqEase’s CEO is Tobias Pfütze, who founded the company in 2017.
He also works as a board member of the Traxia Foundation. However, it’s logically clear that Pfütze, in his capability as executive leadership of both Traxia and LiqEase, is operating both organizations in a pair along with whatever other unknown staff he has at his disposition.
Traxia (TMT) Token Details
The contribution amounts for purchasing TMT has a minimum and maximum value. The least contribute equally to 10 ETH and maximum pays equal to 1,000 ETH. All payment must come from wallets that provide investors with exclusive keys. It indicates that services such as Binance are conflicting or incompatible with the TMT ICO.
There are 1 billion tokens in total that will be accessible. Individuals who do not want to share using ETH can also do so with Bitcoin investments, or through acquisitions comprising Cardano’s ADA token. It is because the Cardano blockchain will be the inevitable home of Traxia. However, for now, Traxia is being developed using Ethereum as a structure and will transition at a later date.
Users who do not have 10 ETH but yearn to participate are welcome to reproduce investment alliances with others through an Ethereum pooling service identified as PrimaBlock.
The totality of the TMT sale operates until June 2, 2018. Only then will purchased tokens be transferred out to investors.
The project at hardcap will have a marketcap of around $41.4 million (400 million TMT) if no additional tokens are issued at the time. In the current ICO environment, the estimated marketcap is on the high side. The high amount of funding is expected to fund the loan warehouse that Traxia is executing accurately.
The loan warehouse will enable Traxia to purchase accounts receivable and retain them until a buyer repurchases them. In the initial stages of the project, the warehouse will function an essential role in matchmaking and the inhibition of bottlenecks for the ecosystem.
The total token number is 1 billion TMT.
Traxia is one of the several projects that has stated a date for their token to issue on exchanges. TMT is scheduled to be listed on exchanges starting June such as the KuCoin cryptocurrency exchange market.
Social and Trend
Traxia TMT Telegram group has 1100+ members and exhibits that this project is in the early stages of marketing. The Telegram is increasing in activity, and team members including the CEO Tobias and CMO Bruno both appear to answer questions.
This crowdsale is not extremely hyped at this time, but it is assumed to increase as the token sale creates momentum. It is the first project to build on Cardano and is supported by Emurgo, both of which should improve to increase interest.
KuCoin is excited to announce that they have listed QuarkChain as one of their tradable tokens. QuarkChain (QKC) is now available at KuCoin and supported trading pairs are QKC/BTC and QKC/ETH.
The schedules are the following:
QuarkChain (QKC) Deposits Effective Immediately
QuarkChain (QKC) Withdrawal: 17:00 June 4, 2018 (UTC+8)
QuarkChain (QKC) Buying order: 17:00 June 4, 2018 (UTC+8)
QuarkChain (QKC) Selling order: 17:00 June 6, 2018 (UTC+8)
QuarkChain is a blockchain project based on the concept of shards, sub-chains, and root-chains. The project was first introduced in the digital world in February 2018. The company is planning to launch the first version of their blockchain by Q4 2018.
In an introductory video, QuarkChain defines itself as “a highly scalable, decentralized, secure, public, permissionless blockchain.” The objective of the blockchain is to drive the industry advancing by giving enhanced transactional capability.
According to Ian Balina, QuarkChain (QKC) is an all-star ICO, the best ICO in this quarter. Ian Balina is an influential and important Blockchain and Cryptocurrency Investor, Advisor, and Evangelist. He has appeared in several popular magazines like The Wall Street Journal, Forbes, CNBC, Huffington Post, The Street, INC and Entrepreneur Magazine for his distinguished work in analytics, entrepreneurship, and cryptocurrencies.
How does QuarkChain work?
QuarkChain offers a highly-scalable blockchain that declares to be capable of processing 1 million on-chain transactions every second.
QuarkChain succeeds better scalability using a two-layer structure. The first layer gives elastic sharding, which is a kind of database partitioning that divides very large databases into smaller, faster, and easily controlled components called data shards. Data shards are a fundamental part of the QuarkChain project.
QuarkChain also offer practical cross-shard transactions in two types, including in-shard and cross-shard transactions. In-shard transactions happen when the input and output locations of the transaction are in the same shard, while cross-shard transactions occur when the input and output addresses are in separate shards. Cross-shard transactions can be assigned at any time and established within minutes. As the number of shards rises, the pace of the cross-shard transactions will also increase.
Finally, users will associate with the QuarkChain blockchain through an easy account dashboard. That dashboard will enable users to view all cryptocurrencies from various blockchains – i.e., different shards – from one wallet screen. As an addition, it can handle all addresses using a single private key.
QuarkChain has interesting and unique features:
Anti-Centralized Horizontal Scalability Expansion:
QuarkChain has a node that verifies all minor blocks and root chain blocks. It is named the super-full node. Driving a super-full node on your own would be expensive.
QuarkChain offers two kinds of transactions, including in-shard and cross-shard transactions. Any users can distribute cross-shard transactions at any moment. Cross-shard transactions can be approved within minutes.
QuarkChain allows cross-chain transactions because it supports only one root chain. The root chain helps token transactions from another chain utilizing an adapter. Then, the blockchain performs the process like a cross-shard transaction from the QuarkChain’s part.
QuarkChain has a smart wallet that has two levels, including users primary account and secondary account. The primary account is the address of the user in a default shard, while the secondary account handles the rest addresses of the user in the rest shards.
The Team Behind QuarkChain
QuarkChain is directed by Qi Zhou (Founder), a specialist in high-performance systems and a previous Google employee with 15+ years of development background. He also holds a PhD from the Georgia Institute of Technology.
Almost a month ago, Revain launched the updated Dashboard Version 0.7 which is now moving the Revain into a much better and more reliable platform. It will create a stronger connection between the projects and the users. Revain has started experimenting on its established economic model as well.
This release is a step towards the real evolution of Dashboard architecture. With this development, it can excellently serve the community as the project tool for working with feedbacks and managing public reputation.
Revain is now doing specific project accounts launched in beta versions. This will allow businesses to do page managements on Dashboard including descriptions and logos editing. With this new version, companies can now reply to consumer reviews that will help improve brand reputation and awareness. All project accounts will contain sections for account settings, obtained reviews, project’s information and project’s list of followers.
Along with these changes is the growth of pricing page. The platform is currently in search of the perfect balance between user services and product monetization that the new subscription will bring. As of now, Revain has not announced any official prices regarding this matter.
What is thrilling in this version is the users’ reputation system. It will indicate the users’ total counts of karma. If karma is with a high number, the user has probably high-engagement reviews in history. Anyone can see how a user got karma by checking the user’s name and all reviews were written.
Any projects that have successfully launched ICO can be discussed in Revain. Users can post their pros, cons, and summary regarding a specific project, individual or organization with no worries that Revain might edit their reviews. They will receive RVN token in return. The primary goal is to do a friendly-user service that will provide constructive reviews for businesses. Moreover, Revain extended its access to Booking, FMCG, E-Commerce and Gaming markets.
Revain is the platform for dependable and rational reviews in the crypto industry which utilizes two different functional tokens, R and RVN. It uses Artificial Intelligence and multiple levels of security that protect the platform. It features a fair system, transparent platform, high-quality feedbacks, automatic filtration and AI to give the 100% user satisfaction and to create a better system. Revain gives more importance on reviews and how it can influence the business as a whole.
Revain has cooperated with IBM Watson. The Tone Analyzer Services can automatically define all emotions associated with the written reviews. All feedbacks will pass RAF, an automatic filtration. Reviews will be filtered in two ways, AI, and company. The company will manually decide if a review is approved or not. After this, a portion of feedbacks is saved in Blockchain Ethereum. There is also a Review Snapshot Storage where reviews are stored. Smart contracts are big helps to protect all reviews against modification.
The team wants to upgrade user experiences by totally redesigning the Revain Dashboard. It aims to give users new interface features, convenient services and cleaner platform appearance on the beta version.
Introduction To The Future Of Forecasting
Augur is noticeable for its different yet exciting use of blockchain technology. Augur is a blockchain based wholly decentralized platform built on etherium which can be used for making predictions. Augur cleverly uses the wisdom of the crowd present in its ecosystem to make predictions on the events happening all around the world. Augur believes in the policy that the prediction made by a group is always superior to the forecast of an individual who is within the group. The forecast of a crowd still combines the knowledge, information, opinion, and analysis of every individual member and aggregates it to get a near perfect result. Moreover, truthful reporting is offered with rewards and incorrect reports are penalized with penalties.
The Augur foundation has Jack Peterson as the co-founder and Lead Developer. Basically known as the ‘fountain of knowledge, Jack has extensive expertise in physics, software development and entrepreneurship. Joey Krug is also a co-founder and also a Senior Developer at Augur. He studied computer science at Pomona College and had spent most of his life perfecting his computer skills. He also has in-depth knowledge in the bitcoin field. Alex Chapman, Aaron Drake, and Scott Bigelow are the other main developers at Augur.
How does Augur work?
As we all know now, Augur is a platform meant for prediction function which rewards its users for correct and spot on information and also penalizes the same for wrong or misleading information. It operates on the policy called ‘wisdom of the crowd’ where the prediction of the crowd is considered superior to the forecast of a single person from the team.
Trading shares make market predictions for an inevitable outcome of a real-world event. If you think Dwayne Johnson will run for president in two thousand twenty or NASDAQ will hit twenty-five thousand or Avengers infinity war four will collect five billion worldwide, you can buy the shares for that particular outcome. And if the shares acquired were for the correct result, you will get profit.
The profit you make is determined by the likely hood of an event happening which is defined by the crowd. Value of each share is determined to be 1 ETH. For example, if you think there is even an odd chance that an event would happen, you buy a share for .5 ETH. If it happens, you will get 1 ETH. If it doesn’t, you will lose your .5 ETH or whatever you paid for it.
The REP Token
The REP tokens are considered to be Augur’s powerhouse who runs the decentralized oracle system. REP tokens are the medium through which a participant can buy shares and score when something happens out in the real world. People with this coin can use it as a stake and report on the outcome of events. Only a limited supply of 11million REP tokens is there. Out of which eighty percentages were sold in the initial coin offering.
Even though Augur is still in its infancy period, it has shown great resilience and is growing swiftly. Many experts say that this fast growth of Augur is going to be a teaser of its future success. Token wise also Augur can be considered a wonder child. Even though there has been some rough patches and market fluctuations, since its inception, the REP coin has always been able to stay stable, irrespective of the market.
Overall view for the Augur platform has always been optimistic. With the kind of experts, they have in their team that is second to none and also Augur has a plethora of gurus in their advisory panel that has done worlds of good for Augur itself. The future of Augur Foundation is looking bright and sunny.
What BABB offers?
BABB is a decentralized banking platform that leverages the features of the blockchain and biometrics to offer the banking solution to every citizen in the world. BABB will provide their users with a UK based account to allow users access to pee to peer financial services. It is a bank account based blockchain platform that will enable users to access same banking services with the security of blockchain technology. Its decentralized platform will allow users to open a bank account and anyone in the world can open BABB account it is not limited to the UK only.
Services of BABB can be accessed through their mobile app. Their app work globally, so the location of the users is not a concern. Many blockchain projects offer the same features as BABB is providing to its users. Some of them are Bankera, Monaco, and TenX. For these types of projects, the correct implementation of the blockchain is significant. BABB lets you open a bank account so its main feature will be transferring the value. To open a BABB account you need to complete the social KYC set by BABB infrastructure which is any member of the BABB community can vouch for the new users and existing member can initiate the limited access to the new user. When Full KYC is done, new users will have access to full features of BABB platform.
They also planned using central banks to issue local currency accounts with the extension of tokenization and all the information of that bank account will be hosted on the BABB network. This feature of the BABB network is expected to launch by the end of 2018. But currently, there is no update on that, so it is difficult to say that it will be launched in time.
BABB platform works on these central concepts:
Mobile APP – With mobile app of BABB users can access their services such as BABB cryptocurrency on the exchanges, and you can use this app for sending and receiving the money from anywhere in the world. BABB app can also be used receive money for fundraising for a project. BABB mobile app comes with global connectivity to all users.
The Black Card – You can have a BABB card which is to be linked with your BABB account, with this card you can spend your fiat (traditional) currency of BABB’s cryptocurrency that is BAX. It is decentralized blockchain based card which can be used for online or offline transactions all over the world, and it linked directly with your BABB bank account.
Social KYC – There is something called social KYC within BABB platform. Social KYC works for new users whenever a new user comes to the platform the already established users can vouch for the new user, and new users will have limited access to transact on the platform and later they need to complete their full KYC.
CBDC – it stands for Central bank digital currencies. The BABB platform’s native token BAX can be used by banks to release their currency which will boost the economy. These local currencies will offer users with international payment.
Open Source – BABB platform is open source platform which enables businesses to accept supported currencies all over the world, and it is fully compliant with fiat currencies.
BABB ICO Review
BABB ICO was held from 15 Jan to 15 Feb. Total of 50 billion tokens was created at the time of starting. And 60% tokens were available for sale during their crowd sale. And the tokens which were not sold in their ICO was set to be burned.
BABB ICO Information
Token – BAX
Token Type – ERC20
Token price – USD 0.0012 per BAX
Goal amount – USD 20 million
Sold on presale – USD 10 million
Total Tokens – 50 billion
Accepted payment – ETH, USD
Token was required to whitelist, and KYC was mandatory during the presale. There was a bonus of 25% tokens was available at the presale time. There was also a bounty program at the time of presale. Now let’s take a look at token allotment at the time of ICO.
BABB ICO Token Allotment
• 60% tokens were reserved for Crowd sale that was conducted in two phases, in the first phase only 40% tokens were available for sale and rest 20% was for the next period of crowd sale.
• 2% was reserved for the bounty program
• 18% tokens were reserved for the company of BABB
• 20% tokens were reserved for the founding team of BABB
Total $20 million was raised during their ICO which was then divided into many categories for the further development of the BABB platform. Have a look at the BABB token sale funds allotment.
BABB ICO Funds Allotment
• From a total of 20 million 30% funds were reserved for the development of the platform.
• And 20% of the total was reserved for operations of the company.
• 20% of funds were kept for the marketing the BABB platform.
• 10% was for the legal department of BABB.
• 10% was reserved as the working capital of the platform.
• And lastly, 10% funds were kept in reserve in case of the future requirement.
And their ICO is conducted in the three phases first is the pre-sale and second phase will be crowdsale and it will be conducted in spring 2018, and the last phase of crowdsale will be conducted in 2019.
BABB is very new to the crypto world. But it has a promising platform in which everyone seems to be interested in. BABB is listed on many exchanges. Now BABB listing on exchanges are as follows
Recently they’ve been listed at KuCoin, one of the most promising cryptocurrency.
These are the exchanges that allow trading BABB token BAX which can be traded using ETH and USD as the payment method.
BABB is trading at $0.0020 with trading volume of $317K for the last 24 hours. It has gained against USD around 6% in the previous 24 hours. Circulating supply of BAX total is 20.9 billion. Max supply of BAX tokens is 50 billion. Market cap of BAX is at $42 million which is reasonably good for a new token it hasn’t even completed its whole phase of crowdsale of the tokens.
BABB token BAX will gain momentum in the coming months as it is going steadily over the last month.
BABB is an excellent bet in the market, and early investors could enjoy outstanding success in the coming year. BABB team is very active in their development of the platform and on their social media platforms like Twitter. They keep posting things for users and keep them updated with the latest evolution of the project through their twitter feed. Everything seems right about this currency, and it has potential, but it needs to breach the barrier and reach to a wider audience.
Artificial Intelligence helps modern devices become skilled from real-world experiences, adapt to new information and execute human-like activities. Machines today depend significantly on in-depth studying and standard language controlling. Through this innovation, a computer can be used to complete a specific task. Large amounts of data are processed and will then recognized patterns on data. AI helps on serving customers easier and provides better offers which are much relevant to people.
AI is becoming more popular, and the demands for its services are drastically increasing. It is continually evolving to extend the benefits it brings to the industry. To satisfy all the needs, SingularityNET was born!
SingularityNET and its uncountable Purposes
SingularityNET is a collection of different AI solution driven by decentralized practices. In today’s financial and technological framework, most of the companies require AI services. That is why it works hard to deliver great programmed protocols. It connects every business to existing AI applications that will build the solution it needs. All development procedures can function efficiently through easy tools set-up. It offers modification and availableness while cutting down the reduplication of dedicated efforts.
The system has various templates of smart contracts. This is what AI Agents use when requesting for AI work, exchanging data and supplying work results. Deals are also available for external clients (non-AI Agents) who need services. Nodes can be created by anyone and can be placed online through PC, server or any available devices. After entering to SingularityNET, users are now ready for interacting to other nodes. They can request or fulfill task regarding AI and can participate in financial transactions.
It is an advanced mechanism built to bring machine and man intellect into a new style of morally and advantageous self-managing intelligence. It is made to deliver AI solutions to clients around the web and self-organize in the direction of substantial objectives. It is hugely profitable and can plausibly perform a central role in the changeover of humanity to an excellent Technological Singularity.
AI Agents and marketplace participants have reputations and ratings (provided by the network) which are critical factors when making transaction choices. Rating mechanism is a complicated task and should grow along with SingularityNET.
AGI and Official Marketing Exchanges
AGI token is the cryptocurrency for SingularityNET. Users can have access to the network through AGI. Token holders can obtain AI goods or services inside marketplaces and can be involved in democratic governance procedures.
AGI has a progressing market value and is now trading on exchange sites including Radar Relay, ForkDelta, Bitfinex and most trusted KuCoin.
The growth of SingularityNET will promote breakthroughs not just in realistic AI formulas and components, but also in the general concept and application of valuable AGI. It is also significant support in the design and evaluation of properties, in fairly-wise financial systems and in the continual polishing of way to contemplate and estimate gain or achieve a higher good.
SingularityNET is indeed a useful and suitable open market for AI needs!
The Launch of KuCoin Listing BABB is set to happen today (May 31, 2018) 6 PM Hong Kong time. This means that BABB merchants will now access BABB/ DASH/ ETH trading markets from KuCoin platform. The merchants will also be in a position to trade and make deposits on KuCoin at whatever time they like.
What Is BABB?
BABB is a decentralized saving money stage that exploits blockchain and biometric innovations to offer anybody on the planet access to a ledger in the United Kingdom for point-to-point budgetary administrations.
BABB exploits blockchain innovation to offer anybody on the planet a financial balance in the United Kingdom. With the BABB application, any client can open a ledger in the UK from anyplace in the world.
BAX, the local token of BABB, will enable national banks to issue their computerized financial standards to animate nearby microeconomics. Neighborhood computerized financial standards offer natives access to worldwide settlements and installment passages. With CBDC, national banks can imitate the numerous valuable and creative parts of digital forms of money, for example, Bitcoin and Ethereum, while taking out a large number of the destabilizing components.
What is KuCoin?
KuCoin is one of the numerous cryptographic money trades accessible for those looking for a cutting edge and secure stage to exchange between digital forms of money.
It was established by a gathering with energy for the blockchain who had officially developed solid notorieties at industry mammoths, for example, GF Securities, Ant Financial, Youling, Jianbang Communication, and iBOX PAY. KuCoin dependably intends to furnish clients with a sheltered and clear strategy for changing over their monetary standards on a best in the class stage.
KuCoin offers clients the one of a kind opportunity to hold the stage’s own particular local digital money, KuCoin Shares, which clients can hold to get rebates while exchanging and also gain profits from trading charges gathered on the stage.
Holders get a 1% markdown on exchanging expenses for every 1,000 KCS they hold, up to a most extreme of 30%.
The profits framework is the thing that separates KCS and KuCoin from other trade coins. KuCoin pays out half of all charge income from the stage every day, which is similarly isolated between each KCS token hung on the stage.
This implies a client who holds upwards of 1,000 KCS gets both a markdown on all exchanging on the stage and also automated revenue regularly. KuCoin offers may likewise be exchanged with a few coins, yet KuCoin offers may just be obtained on the KuCoin trade.
KuCoin at present offers exchanges between digital forms of money, which means it doesn’t give you a chance to purchase cryptographic money with fiat cash. In any case, KuCoin offers a vast scope of altcoins, which can be exchanged with six distinctive cryptographic forms of money (called an exchanging pair), including BTC, ETH, NEO, USDT, BCH, and KCS. You can locate a full rundown of accessible coins on its site.