KuCoin is a kind of exchange platform run by advanced technology. It has listed hundreds of different crypto coins including POLL, Electrify Asia, Odyssey, Havven, Ontology, DADI, Ethereum, Kickcoin, Credits, I- House token, Fortuna, Neblio, Dock, Revain R, Bitcoin, Alphacat, Neo, DENT, Lympo, Nano, Wanchain, Polymath, Debitum Network, EOS, Oyster, Red Pulse, GAS, Hacken, UTRUST, etc. Kucoin only charges 0.1% of the traded assets inside the platform and absolutely zero fee for all deposit transaction.
Referral program re-opened!
Initially, Kucoin has offered referral program which was believed as effective strategy of the system. This is one way for holders to earn more from this investment. However, upon reaching millions of users, Kucoin removed the scheme and focuses more on the platform security. But, Kucoin announces that they reopened the referral program.
Here are the updated terms regarding Referral program:
- Once the invitee finishes order, inviter will get a bonus coming from the fees of that transaction.
- The referral is effective from the first day the invitee completes its initial order to one year.
- The referral bonus will depends on the invitee’s amount of transaction, rate of transaction fee and also on bonus rate that based on invitee’s level.
- A level of invitee = 20% B level of invitee = 12% C level of invitee = 8% referral bonus rate
- Every 2 hours, Referral bonus will be issued by Kucoin.
- Inviter can saved the bonus to coin wallet in just a single click.
Steps on how to refer a friend
Users should log in to their personal accounts to get the link for inviting. Then, share it to anyone for them to know how to start their Kucoin investment. Let the potential invitee to register through the provided referral link and ask them to finished ordering on Kucoin. Inviter will automatically receive all the bonuses every time the invitee completes order. It is better if users can invite more people to register through their link. It will mean more bonuses to enter on coin wallets.
Through restarting this referral program, KuCoin will grow more and many investors will enter the platform. The KCS value will eventually increase its value and the community will go bigger. It will surely benefit all users because they will definitely earn more. The Kucoin team ensures that all its users will receive only the best crypto experience in the whole market. Just recently, the system launched new listings and rankings process to make this happen. As we can see, the platform continues on developing to serve efficiently. It proves that Kucoin is really the best platform for everyone to invest in.
The KuCoin is considered as a newer exchange with excellent user software, speedy running charts and plenty of minor and major crypto coins listed in the system. It is also known because of the quick response period from their help desk, they are those who manage any kind of problem that calls for an answer.
Definitely, this is the reason why they are named as the people’s exchange.
Starting a Kucoin account is on its simplest form. Anyone can register with it easily by giving an active e-mail address. Then create a strong password to get entry access. There is no verification a user should pass.
KuCoin offers the cheapest exchange charges of all trades, just a 0.1% fee for purchasing and selling trades. Withdrawal fees are also the least expensive to be discovered in the industry. One more positive thing about KuCoin is that users can vote or elect any coin they preferred to be listed. The more votes a currency can get is a more chances it can be included in KuCoin. Some of the already listed coins are Neo, Bitcoin, Ethereum, Dragonchain, Pura, Odyssey, Revain, Havven, Fortuna, Oyster, Dent and a lot more.
Kucoin gives KCS holders a good income as their daily dividend. KuCoin was generous enough to share the fifty percent of all collected commission. It was divided evenly to holders basically depending on the coins or shares they stored. This is how their users gain from them. This makes the system very encouraging for users and for some cryptocurrencies who wants to get listed on their network.
Is KuCoin safe to use?
Many big investors have already proved that KuCoin is so secured and truly tested. Even though it just started operating last year, they saw no reason to feel worried about investing.
KuCoin belongs to the list of highly protected trading platform in this modern era. Protection efforts for the operational system can be observed also. For added security, KuCoin provides multiple authentications.
KuCoin has a standard level for financing. It contains good level encryption method which makes sure that personal info is saved securely in every data transferring. It contributes an assurance for the users that all their assets are on the right hand.
The safety of all transactions within KuCoin like withdrawal and payment are well examined by algorithm of Artificial Intelligence. The moment a certain request has passed, the structure will instantly verify the entrance and remittance. It gives suitability and protection for all.
Another good thing about this incredible team is the way they efficiently executed the scheme it created.
Those above mentioned security features prove that KuCoin is something that can be trusted. If it continues in facilitating its system with the same effective way, Kucoin can achieve a long term success which is beneficial for both parties – the system and the user. As always, investing in it is one of the smartest moves any person can do.
Is KuCoin safe to use? Definitely the answer will be a confidently YES!.
Author: Delton Rhodes
The increasing popularity of blockchain and cryptocurrency is bringing a lot of opportunities to the business world. Not everyone can create a top five cryptocurrency project or exchange platform. However, there are still all sorts of other business benefits of blockchain and the industry surrounding it. Social media, smart contracts, and decentralized applications all present possibilities for entirely new business models. In this article, we’ll take a look at how these innovations will change the future economy and look at some companies that are already emerging in these areas.
Social Media Platforms
While many people in cryptocurrency might see ad bans on sites like Facebook, Google, and Twitter as a setback for the cryptocurrency market, this can also be viewed as a long-term market opportunity. As anyone who is familiar with ICOs and cryptocurrency projects knows, there are already all sorts of emerging social media platforms that have benefited from crypto’s rising popularity. Here are a few examples.
Telegram, which only launched on August 14, 2013, has already accumulated 200+ million monthly active users and has become a staple platform for successful crypto projects. While Telegram, of course, is not solely focused on cryptocurrency, many of its users utilize this app as a form of communication between themselves and crypto project teams.
Steemit is an example of a platform that revolves around cryptocurrency. By tokenizing content creators and curators, Steemit continues to attract more content creators and consumers to use its platform. More details about this project can be found in this detailed guide.
It is very likely that more social media companies will build entirely new platforms around blockchain technology and cryptocurrency. Some of these new businesses could very well compete and even surpass the popularity of today’s top social media platforms.
Smart contracts are quite possibly the most far-reaching business benefits of blockchain and crypto projects. They are game-changing both for the project teams that create them and the businesses that use them. Essentially, smart contracts eliminate the need for 3rd party intermediaries in the approval/disapproval process of important public documents.
For example, a traditional contract must go through the approval process of a legal expert and is typically sent back-and-forth between the two signing parties until a consensus is reached. However, smart contracts use code to quickly verify the legitimacy of contracts.There are tons of crypto projects that are working to use smart contracts as a way to create official documents in a wide range of industries (legal, healthcare, real estate, finance, global trade).
The teams that can best develop and market this technology can sell this as a B2B service. The value upside is enormous because companies can use smart contracts to save money on legal fees and eliminate the need for constant, back-and-forth contract negotiation. Projects like Propy for real estate or IBM/Maersk for global trade are good examples of how smart contract technology can be implemented to solve specific, real-world business problems.
Decentralized Applications (DApps)
The rise of mobile apps have changed the way that people around the world interact on a daily basis. However, there is one large problem with the current app market: centralization of power. Essentially, Apple and Google determine which apps are available for the world to use. Many apps are even be censored by national governments around the world. Decentralized applications, however, have no single authority controlling which users can or can’t access them. This decentralization is one of the huge business benefits of blockchain for the wider economy.
Weifund is one example of a dapp that utilizes smart contracts to create a robust crowdfunding campaign platform. This project is likened to a next-generation Kickstarter that gives both investors and companies more freedom. KYC-Chain is an example of a dapp which prevents fraud and completes identity verification checks through the use of distributed ledger technology.
Dapps have the potential to replace and improve many of today’s existing mobile apps. The companies that are successful in developing them can have a significant impact on the future of the P2P sharing economy.
Entrepreneurship in the Crypto Era
Yes, there are lots of projects working on similar ideas and not every venture can succeed, but the good thing about the business benefits of blockchain and impact of cryptocurrency is that it is an ever-evolving space without one clear-cut winner.
Since this technology is still being perfected, there are new market opportunities every day. These opportunities exist for everyone, from dapp development companies to industrial-level ASIC chip manufacturers. Moreover, businesses that take the time to understand how blockchain/cryptocurrency technologies can benefit potential customers could very well become some of the biggest tech giants of the near future.
KuCoin has become one of the most reliable and state of the art trading platforms that dominate the cryptocurrency world lately. It rapidly increases popularity because of the generous benefits explicitly sharing 90% of its trading fees with its users that made this exchange market a choice to millions of altcoin traders. Aside from that, they have a sleek User Interface, low fees, and superbly excellent customer service. Their aggressive marketing approach is assured to bring them accelerated adoption in the crypto community.
Recently, their generosity together with CarVertical has expanded to giveaway luxury gift to the luckiest KuCoin traders – and that is an expensive Tesla Model S.
The first to win is a Designer in one of Netherlands reputable banks. He lives with his partner, and the couple has been a cryptocurrency enthusiast for few years.
In a recent interview, he said that he didn’t expect to own a Tesla Car, and it’s almost a dream come true. It was his interest to CarVertical that had made him decide to trade with KuCoin. He was so surprised that aside from gaining shares from trading with KuCoin is another unexpected generosity.
A fast-growing blockchain exchange system that was officially released on the 15th of September 2017 and has recorded over a 100 million dollars worth associated with transactions daily.
The development of system started way back in 2011; creating the architecture of the program to be fully extensible as well as highly reliable. It was lastly released in 2017; the platform is capable of making over 2 million purchases every second without delay.
The system has some unique features that have driven the exchange best place in the 200+ billion dollars cryptocurrency market. The characteristics include:
Efficient System Protection: The system follows a standard security protocol which guarantees that each user data on the network is kept hidden from all other users. This provides a safe atmosphere that allows maximum security for performing transactions on the platform.
Supports Multiple Cryptocurrencies: The KuCoin blockchain exchange platform sustains over 300 major cryptocurrency assets which include BTC, ETH, NEO, and all ERC20 tokens. These give users an array of assets to trade on a single platform.
Excellent Customer care: KuCoin’s customer support is available all the time for assistance on any issue. The problem is instantly solved via the platform or even through email communications.
Worldwide Transactions: The platform uses a multi-cluster and multi-layer architectural program that helps process more than one deal simultaneously. This feature balances the system even when there’s the hardware failure.
CarVertical is a company founded to help people get access to information about cars. Commonly, information such as the history and subscription of car details is definitely kept in government tools which are centralized, and they rarely facilitate the access regarding such information. CarVertical is actually a blockchain decentralized solution regarding storage and verification regarding the authenticity of all car details which can then be widely accessible. The data kept from the blockchain registry cannot be faked, changed, rewritten or inflated. The platform offers transparency this means you will be trusted.
By using blockchain technology, CarVertical wants to make a global decentralized car record registry. Just like major cryptocurrencies which seek to solve precise real-life problems, this venture is designed to help buyers involving cars get easy access for you to vital information about the cars they need to buy. The inability of key databases to share such crucial information makes CarVertical the best platform for car purchasers from around the world.
How CarVertical works
CarVertical whose ticker symbol is CV is founded on the Ethereum blockchain. The system takes information from several centralized databases and then creates this information on the blockchain. The system gets access to Interpol directories, leasing, police, and nation registries and any other data source which might ensure the information in regards to a car is complete. The actual developers of the crypto tend to be developing products which will allow users on the platform to collect information about their cars, handle their car’s registration is to do much more.
What impact will certainly CarVertical have?
The car industry is vast however at the same time intensely competitive. CarVertical attempts to grab part of the 200 bucks billion auto insurance business. This plans to launch the actual carWallet mobile app within 2020. In 2017, the corporation entered into talks with PZU-Lithuania, a branch of a large American insurance company. The talks were being on how to integrate insurance income channels into the carWallet iPhone app. It is concluded that by 2022, carWallet will generate consistent earnings of around €0.5 million.
Based on a report co-authored by Morgan Stanley, the regular auto insurance players are being cornered by new market entries. In the report, new technological innovation particularly blockchain will give brand-new players access to proprietary motorist data, direct access to buyers and unmatched analytics functions. In the report, it is likely that 55% of contemporary drivers will buy their very own insurance from a nontraditional person with those below thirty-four years more likely to do so.
How the altcoin is performing?
On February 4th, 2018, CarVertical set a price of $0.008. Two days later, the buying price of Bitcoin, the largest cryptocurrency out there, dropped to a low involving $6,000. This surely had to affect the brand-new CV coin whose price tag dropped to $0.0039. The price rose to reach a superior $0.01 on March 10th. The crypto has not been as volatile several of the altcoins introduced in 2017. On March fifteenth, the coin closed your day at a high of $0.00577, and its market cap had been $14 million. On Fri, the 24-hour traded volume level for CV was $1.9 million, and coinmarketcap ranked it as the fourth most traded crypto for the day.
Is it a good investment?
CarVertical looks to solve the real-life issue of falsification of vehicle information. When buying a used vehicle, one of the leading factors which influence buyers is the odometer reading. Odometer tampering continues to be one of the biggest frauds that authorities around the world are trying to deal with. Along with CarVertical, odometer fraud is a thing of the past.
The early start of 2018 has already conferred the rise of several decentralized marketplaces. One unique feature of blockchain contracts is that it enables users to exchange and trade without an extra escrow service like the banks.
This new technology can permit anybody to utilize a piece of Sophia’s mind. Sophia, as everybody can remember is the AI robot created by Hanson Robotics. In fact, all of the algorithms and items that built Sophia are up to be used via SingularityNET, similarly as the other AI. It’ll be the first and largest Artificial Intelligence marketplace, where anyone can buy or sell computing.
SingularityNET could be a protocol for coordinating, discovering, and transacting AI algorithms at scale. AGI is the token employed in SingularityNET’s marketplace — there’ll solely be one billion tokens ever in circulation, with the general public ICO entry worth at $0.10 per token.
In January, the token was discharged on a couple of small exchanges, as well as Kucoin for the very best volume and Tidex with the second highest. Once initial discharged, the token peaked ar around $2.30 and is currently averaging around $.74.
It’s a little additional difficult to grasp what the market cap is simply, however, as solely 1/2 the tokens were discharged within the public sale. The tokens that square measure presently in circulation square measure merely of the general public token deal, which might provide AN calculable worth of anyplace between $30-75 million market cap.
But these numbers small business executive mount Goertzel’s estimates of what a suburbanized AI marketplace will faucet into. Currently, the AI marketplace is a couple of $122 billion markets. By 2025, researchers estimate that this will become a $3.05 trillion market.
Ben believes that the most significant obstacle holding back AI innovation is lack of cooperation. Several scientists measured manufacturing AI results however encountered an issue in communication. SingularityNET will become the middle affiliation for humans and humanoids alike to trade computer science.
The AGI token could be a utility token that may create the marketplace seamlessly and ordered. With numerous entirely different services on the marketplaces, having the thousands of transactions bear one blockchain ledger can create all transactions clear. Since there’s no different use for the AGI token apart from for the marketplace, all the transactions are going to be SingularityNET connected.
SingularityNET has recently partnered with Ocean Protocol, a redistributed knowledge exchange that may facilitate folks legalize their knowledge. Different investors embrace NR Capital and SGInnovate. Several investors flocked to AGI’s ICO because the $36,000,000 cap was reached in sixty-six seconds. The whitelist demand was at $360+ million.
Telegram is one of the most popular messaging apps with over 200 million app users. The company behind the said app is now venturing into the crypto market with one of perhaps the most ambitious token sale in cryptocurrency’s history. Telegram is proposing the creation of the Telegram Open Network (TON), a platform that would offer decentralized online communication packaged with premium services like file sharing (TON Storage) and private anonymous browsing (TON Proxy). These premium features can be bought with the use of the network’s in-house cryptocurrency token, “Gram.”
The Telegram ICO sought to raise an estimated $1.2 billion. This is set to become one of the biggest token sales. The previous holder of the title was Filecoin, raising 257 million during its ICO phase. Telegram is also considered as one of the most mainstream companies (relative to its size and market influence) to issue a token.
The Telegram gained a lot of attention not just from the media and public but also from hedge fund managers. Rumors of Telegram’s ICO only began on the first week of Januaryin Russia. It was later on reported by TechCrunch.
Telegram had been citedas the favored messaging platform by those involved in cryptocurrency. It is considered as a very secure and intuitive. So it is expected that the Telegram ICO would receive a lot of attention from cryptocurrency industry.
The ICO’s crowdfunding goal is to raise $500 t0 $600 million during the presale and raise the remaining $600 to $700 million in the crowdsale. The minimum presale investment is set at $1 million with a high cap on proceeds. Overall, 5 billion grams would be released. About 52 percent would go to the TON Reserve, 44 percent would be sold during the ICO crowdsale and 4 percent would be reserved to Telegram’s team. There is a one-year Gram token lockup (with 60 percent discount) and a four-year vesting period for the Telegram team’s share.
The presale was scheduled forthe first quarter of 2018 with 1 Gram token priced at $0.1000.The presale occurred in February as stated by the SEC filing of Telegram’s CEO Pavel Durov. Telegram ICOsurpassed its presale goal of raising $600 to $700 million after they were able to raise $850 million from 81 accredited investors.
It is expected that Telegram ICO’s goal of raising $1.2 billion would be extended to $2 billion. There was a rumored exclusive second presale but Telegram declined to comment about this.
A Simple Agreement for Futures Tokens (SAFT) structure was enacted. This structured ensures that the ICO won’t get in trouble with SEC laws. The crowdfunding is first established before the network itself. Only accredited investors are asked to contribute and the Gram tokens would be delivered later on and resold to the public. The Gram token is expected to be converted and delivered to SAFT investors by the fourth quarter of 2018.
But even with Telegram ICO’s high ambition, some prospective investors are steering clear from the token sale. Kyle Samani, Multicoin Capital’s co-founder and Managing Partner has this to say about the ICO, “This is like Elon Musk-level ambition.”But he declined to invest in the ICO. “My concern as an investor is thefocus and diluted effort,”Samani said during an interview with CoinDesk. Samani explained that Telegram ICO’s scope is too broad and the issues it wants to solve have already been addressed by other ICOs.
Even with this trepidation, Telegram ICO is set to meet their goal, gaining the support of not only venture capital firms (Sequoia Capital and Benchmark) but also the giants in the investment scene (Yurii Milner, a Russian venture capitalist was said to be one of these investors). The support of the cryptocurrency community was also unprecedented as the demand for the Gram token rose. Some pre-sale investors were said to be selling their Gram token allocation for more than double the Gram token’s price. This is not surprising as the Gram token’s total potential value is expected to be about $3.5 billion.
The Telegram ICO Primer and Technical Whitepaper
Telegram’s 23-page ICO primer and technical whitepaperwereinitially released only to investors. In the primer,Telegram described how the blockchain technology resembles an outdated automobile: admired but inefficient and complicated for average use. This is cited as areason why for cryptocurrency’s failure to break into mainstream success. Telegram believes that they have what it takes to create a decentralized counterpart to fiat currency.
This primer also went to explain that the Telegram Open Network (TON) is a blockchain protocol designed to facilitate in peer-to-peer cryptocurrency transactions and purchases. The network aims to simplify micropayment exchanges between users and bots – something that is yet to be accomplished through blockchain. TON’s protocol would be integrated with Telegram’s app.
Aside from this functionality, TON includes services like the TON Storage, TON Proxy, TON services, and TON DNS. The TON Storage is a file-storage technology backed by the TON P2P Network. The storage technology uses torrent-like access capabilities in storing arbitrary files. The TON Proxy, on the other hand, creates a decentralized VPN paired with a blockchain-powered TOR-like technology. The TON Services is an umbrella platform for third-party services that enable intuitive interfaces for decentralized smart contracts, apps, and browsing. Finally, the TON DNS assigns readable names to smart contracts, network nodes, account names and other services.
A roadmap was available, revealing that aside from the expected conversion of the SAFTs to grams in the fourth quarter, an initial product, “External Secure ID,” will be released in the first quarter of 2018, probably shortly after the Gram token sale. An MVP TON version will also be released in the second quarter of 2018. Other products will only be rolled out in the first quarter of 2019. And by 2021, Telegram would shift the TON project’s status as anon-profit foundation.
Telegram ICO Final Thoughts
A lot of prospective investors shy away from the Telegram ICO because of the hype it was able to amass. But even with this, Telegram’s TON ICO has a lot of promise especially with the way they plan to implement the TON blockchain and TON services. Telegram started as a self-funded startup, entering an already crowded chat market so it won’t be a stretch for the Telegram ICO to actually perform well even when similar implementations of the blockchain technology already exist.
Revain ICO’s revolutionary review platform changed the way reviews are made, handled, and viewed. The platform combined the power of blockchain technology and AI to create a truly unbiased blockchain platform for honest online reviews. This capability won’t be available until the second quarter of this year. This isn’t too far in the future and the review platform is already available with projects to review.
But before you can add reviews, make sure that you are aware of Revain ICO’s review posting policy and guidelines. Of course, common courtesy and consideration of others’ feelings are always advised but there are also rules that need to be strictly followed. These do’s and don’ts in the Revain ICO review platform:
- Do not create more than one personal account. Those who had their accounts disabled should not create another account without permission from Revain ICO.
- Minors aren’t allowed on the platform. One should be at least 18 years old to create reviews on the platform.
- Posting reviews in a language other than English are prohibited unless a multi-language interface becomes available.
- Profanity, inappropriate language, disrespectful words, and poor writing structure are not allowed. The review also shouldn’t incite and encourage controversy, violence, self-harm, hate, and discrimination.
- Reviews and messages should not endorse personalities, groups involved in violence and illegal activities.
- The endorsement and sale of prohibited or illegal items are prohibited. These items or merchandise may include tobacco products, alcohol, ammunition, weapons, and even pharmaceutical products.
- Links to inappropriate content are prohibited. Copyright and trademark infringement are prohibited. Posted content should not violate any proprietary rights of companies and individuals.
- There should be no violation of privacy and endorsement of unwarranted publicity. The posting of personal, sensitive and identification information is strictly prohibited. This includes the posting of direct links to said information.
- Spam messages are prohibited. Messages and content can be considered spam if they contain advertisements for products, services, websites. Links for self-promotion and non-review related content are also prohibited.
Reviews and messages that violate the rules are immediately deleted without prior notice.
There are two ways to add reviews to the Revain blockchain platform. One is to add the review through the “Add Review” button under the listed cryptocurrency project. Another is to through the “Add Review” button in the project dashboard.
The process is actually quite straightforward.
- Head to Revain.org’s dashboard.
- Make sure to login or sign up. The platform doesn’t have any guest posting option.
- Select the cryptocurrency project you want to review the list.
- Click the “Add Review” button on the project’s tab.
- A window would pop-up contain an overview of the cryptocurrency project, rating options, and review options.
- You can rate the cryptocurrency project according to:
- Your overall impression
- The project’s team
- The quality of the project’s communication channels
- The project’s progress.
A one-star rating is equivalent to “poor”, two star is “not so hot,” three-star is “ok,” four-star is “efficient,” and five star is “very efficient.”
- Fill in your review of the projects:
- Review summary
- Click “Submit My Review.”
You can also use this method.
- From the Revain ICO dashboard, click the cryptocurrency project’s name. You will be directed to the project’s dashboard.
- Scroll down to the ratings. There is an “Add Review” button on the ratings’ right side. You can also scroll down to the bottom where you can see the user reviews. There is another “Add Review” button there. You can also select the “Reviews” tab on top of the page to directly head to the user reviews.
- The review creation and submission process would be the same from the first method.
After submitting your review, it will undergo Revain ICO’s two-phase filtering system. The first phase of the filtration process is backed by AI algorithms and the high-power IBM Watson platform. These combined systems are capable of detecting user sentiment including writing tone and emotions. The algorithm used can also detect spam, abusive language, and other prohibited content stated in the rules. Once the initial filtration process is done, Revain ICO’s in-house team would undergo the final screening. There are no external influences in both phases, especially during the latter phase.
Not all reviews are approved and Revain ICO won’t give notices regarding the rejection of reviews. But all approved reviews will remain posted on the platform and can’t be deleted. Users can amend their reviews as they please but the initial review would remain. In some cases though, ICOs and companies can successfully dispute a review. The review would have a footnote stating that “This review was disputed,” together with ICO/companies message explaining their side.
Revain ICO: The First of Its Kind
There hasn’t been a decentralized review platform like Revain’s platform. There are several advantages that Revain ICO has that even regular review platforms do not offer. This includes:
- A two-step verification process
- There are two stages of review filtration, ensuring that only high-quality reviews pass through.
- A reward and punishment system based on the native RVN token
Of course, the Ethereum blockchain technology ensures that the platform remains uncorrupt and unbiased. The set price of the RVN token at 0.0001 BTC (USD$0.05) also ensures that smaller companies and services can afford to compensate customers based on the quality of their reviews.
The review filtration process is accomplished through AI backed by the state-of-the-art IBM Watson system. The system uses an advanced user sentiment analysis algorithm that enables it to analyze and detect writing tone and emotion. It can also detect spam and abusive language. After the initial filtration, the reviews are forwarded to Revain’s in-house team. There are no external influences on this part of the process. All approved reviews – reviews that are entered in the Revain blockchain remain posted in the platform and can’t be manipulated in any way.
The two-coin approach is also clever. The RVN token is exclusive and non-tradable. It creates a stable internal funding source for the Revain platform. While the R token ensures the platform’s cryptocurrency market influence and the continuous increase in value while also sustaining the growth of the platform.
Revain ICO Token Performance
The crowdsale of the Revain ICO tokens was launched on August 14, 2017. The crowdsale was set to end on September 6, 2017. The initial price for the Revain tokens was 0.000011 BTC with a minimum investment of 0.003 BTC. In just 30 minutes Revain ICO was able to raise $850,000. About a billion Revain tokens were issued but investors can only buy Revain tokens up to 70 percent of the issued cryptocurrency. About 55 percent of the crowdsales proceeds are reserved for marketing endeavors with 15 percent for R&D purposes, and another 20 percent for the platform support and team, and the last 10 percent that will be dedicated for the infrastructure and additional expenses. All in all, about $12.5 million worth of Revain tokens were sold in the Revain ICO crowdsale.
The Revain tokens continued to perform relatively well compared to other coins that launched their crowd sales around the same time. Revain tokens had been stable, showing low volatility even with high market fluctuations. Revain token’s price rose up to 113 percent in the next three months following the crowdsale. It reached its historic high right after its first test version was launched in November 2017.
Reviews of the Review Platform
There were those who voiced out that the adoption of blockchain technology isn’t really necessary. But those were immediately silenced with verified reviews of Revain ICO’s platform. Revain ICO was also open to how the platform operates and its processes. The source code was made open to everyone through a Github page that can still be viewed to this day.
Currently, Revain covers reviews on cryptocurrency exchanges, ICOs, e-commerce sites and services, and fast-moving consumer goods (FMCG). Revain ICO plans to crossover to other sectors in the near future. But there were questions about the effectiveness of the reviews on the platform, especially on their timeliness. Some people pointed out that, especially in crowdsales, reviews only appear right after the bad investment was already done. The Revain blockchain also cannot detect underlying motivations for reviews, especially those that are compensated by companies and services for excellent reviews. Most the trepidation comes from the motivation for participation in the platform and if companies are really willing to give their end of the bargain. Companies and services don’t receive incentives for participating.
The Revain ICO Aftermath: What Next?
The team revealed that the initial Revain ICO project would last for two years. The platform would expand and cover more review segments. But the team is already planning ahead for the next five years of the Revain ICO.
Rinat Arslanov, Revain’s CEO emphasized the importance of honest reviews saying, “…I saw and understood how important trust was. After all, a person shares their impressions of work and talks about them in their inner circle. My customers share their emotions in social networks, talk about my product wherever there is an opportunity. Feedback takes the form of value, a form of trust, a form of an invisible asset that generates new customers for your business.”
Revain’s blockchain platform facilitates the creation of an ecosystem where no third-party site is necessary for the unbiased, honest, and uncensored product, service, and company reviews. This type of review service is actually in demand with 84 percent of consumers using reviews as a basis for purchases. But it was also found out that 20 to 60 percent of reviews posted online are either fake or purposely misleading. With Revain’s platform, companies and services do not have the power to manipulate the reviews that they are subject to. This somehow makes the platform, and the Revain ICO, in general, an important but polarizing step in the evolution of online reviews.
The Revain ICO platform now has five versions. V0.1 was released on November 2017, v0.2 on December 11, v0.3 on December 28, v0.4 on January 29, 2018, and v0.5 on March 5. Each version release saw changes in the interface and some key features. Starting v0.4, the ICO platform’s starting page was moved from the project page to the dedicated dashboard. Revain ICO also added the first list of 20 projects and tokens.
Each item on the list includes details like rating, trading volume, current price, ICO price, and open source activity. These features remained in v0.5. The details can be toggled to reveal more information including statistical data. There is also a link to the project’s official site. The overall ratings and review highlights are shown. There’s also an option to add their own review or follow the project status. The Project’s name can be clicked to view the specific reviews from other Revain ICO users and a more detailed view of statistical data. Users can toggle between the “Summary,” “Token Dynamic,” and “Reviews,” tab to go directly to the desired part of the project window.
In vo.4 the dashboard’s user interface was improved, especially the design and accessibility. Specific improvements were made on the search tab and button animations. The “Add Review” button was placed at the bottom of the page. Social sharing buttons were also added.
In v0.5 some of these improvements were once more redesigned. The sharing buttons were gone and the “Add Review” button was placed for each project.
Here is a breakdown of specific features and improvements that are implemented in Revain Dashboard v0.5:
- Another 20 cryptocurrency projects. The total number of cryptocurrency listing is now 80.
- There is a new “Buy/Sell” button. Users are redirected to a cryptocurrency exchange platform where they buy or sell the listed cryptocurrency. This is feature is now available for all listings instead of just the Revain token as implemented in previous versions.
- The percentage difference is now available. The percentages show the difference between the ICO price and the current cryptocurrency market price.
- There are viewing options for 24 hours, 1 week, 3 weeks and 1 month.
Before the launch of Revain Dashboard’s v0.5, Revain ICO launched the v0.5 Beta in February. The beta was used to gather community feedback. Features rolled out in the beta release include:
- An expanded project view
- Share widget as an image (Twitter and Facebook)
- Volume/Price sorting in the dashboard
- Cryptocurrency exchange list button for all active projects
Revain ICO has an ongoing Customer Feedback survey created for the evaluation of the Revain Dashboard. The survey takes about 4 minutes and includes questions about the dashboard’s features and about your cryptocurrency project preferences, and what you think about the platform in general.
The NEO token and blockchain platform was originally designed to improve upon the shortcomings and vulnerabilities in Ethereum’s protocol. Dubbed as the “Chinese Ethereum” or the “Ethereum Killer,” NEO was China’s first ever decentralized and open-source blockchain platform. NEO was first launched as Antshares but was rebranded as NEO in June 2017. The rebranding was announced in front of an audience of 200 in Microsoft’s Beijing headquarters.
The decision for rebranding stems from the company’s desire to renew and bolster their professional image. NEO is derived from the Greek word “neos” that means “new, fresh, and young” – adjectives that the company wants to be associated with.
Even with the comparatively low adoption rate, NEO aims to compete against Ethereum. NEO mainly converts conventional trading assets into digital assets using smart contracts. Aside from smart contract use case, NEO also has a crypto token, GAS that it uses to generate dividends. Holding NEO cryptocurrency in Kucoin and private wallets automatically generate GAS. It is especially advantageous to hold NEO cryptocurrency in Kucoin since it can earn GAS dividends daily.
NEO cryptocurrency’s value is steadily rising, not only in terms of price but also in reputation. Just this January, Kucoin encouraged its users to switch to using NEO cryptocurrency for transfers and withdrawals. Ethereum and other major cryptocurrencies have ongoing issues with network congestion. Kucoin especially called for understanding, stating that the “global Ethereum network is in a jam now.” ERC20 tokens, in general, are affected by this issue so it is wise to actually look for other transfer options.
NEO has had numerous ICO issuances with about 20 ICOs slated this year. Its approach with ICOs is different. To compare it with Ethereum, NEO’s ICO has an entrance fee while Ethereum is a free-for-all. There is an initial requirement of 500 GAS before one can launch an NEO smart contract. This is implemented by the NEO Council to prevent the entry low-quality ICOs and oversaturation of the blockchain.
There’s a strong case for NEO’s network stability and efficiency. That’s why it’s no wonder that Kucoin includes more and more NEO tokens in its cryptocurrency list. Each token in the NEP-5 token standard is unique with unique value propositions. Earlier this year, NEP-5 tokens gained a lot of support from cryptocurrency exchanges. But long before that, Kucoin had been supporting NEP-5 tokens even at the early stages of their release. Until recently, only Kucoin listed NEP-5 tokens, solidifying the cryptocurrency exchanges’ reputation of supporting coins before any other cryptocurrency exchange platform.
The following NEP-5 tokens are included in Kucoin’s cryptocurrency listing.:
- DeepBrainChain (DBC) – Listed December 25, 2017
Decentralized Artificial Intelligence
- Qlink (QLC) – Listed December 29, 2017
- THEKEY (TKY) – Listed February 6, 2018
Decentralized Record Keeping
- Red Pulse (RPX) – Listed October 28, 2017
- Trinity Network (TNC) – Listed January 22, 2018
State Channel Technology
- Zeepin (ZPT) – Listed January 30, 2018
Decentralized Multimedia Platform
- Alphacat (ACAT) – Listed February 9, 2018
Decentralized Investing/Hedge Fund
Tokens that are yet to be listed in Kucoin:
- APEX (CPX)
- Neon Exchange (NEX) –
Decentralized Cryptocurrency Exchange
- Aphelion (APH) –
Decentralized Cryptocurrency exchange
- Concierge (CGE)
Decentralized Travel Booking
- Universal Health Coin (UHC)
- PikcioChain (PKC) – Migrated from ERC-20 to NEP-5 token standard
Note that this is not an exhaustive cryptocurrency list and some ICOs and tokens may not be included in the list as ICOs are continually issued in the NEO ecosystem. But there are several lessons why listing these NEO tokens can be beneficial for Kucoin. A handful of tokens under the ERC-20 standard had already jumped ship to NEP-5. Aside from network congestion, NEO addresses the most pressing issues that Ethereum is yet to solve in their platform. NEO is secure, convenient, and on the rise.
What do you think of this cryptocurrency list? Should Kucoin list more NEO tokens? Tell us in the comments.