Elastos project endeavors to build a new kind of Internet, powered by blockchain technology. On this smart-web Internet, individuals will be capable to own digital assets and produce wealth from them. Now, there is an apparently limitless supply of digital books, movies, music, and games. But people do not significantly control their digital property. You can buy a digital book, for example, but you can’t sell it to anyone else. Elastos aspires to make digital assets limited, identifiable and tradable. Property rights cover the way for wealth production, and Elastos proposes to create a new World Wide Web that recognizes those rights.
The purpose is to create an Internet that permits users to access articles, movies, and games undeviatingly, without proceeding through a media player or another platform mediator. It will use blockchain technology to issue IDs for digital content, making it plausible to know who owns which digital assets. On the Elastos Internet, filmmakers will recognize how many times their movies were seen. The combination of Elastos and blockchain technology sets the foundation for a trustworthy and reliable Internet of Wealth.
Elastos Technical Background
The Bitcoin Blockchain is a decentralized and immutable ledger that empowers people to put their trust in data. Ethereum executed a programmable blockchain that could help smart contracts, permitting people to put their trust in code. Smart contracts, put simply, provide for transactions to be automatically performed once contractual obligations are satisfied. Traders will only get paid, for example, after buyers favorably obtain their products. Businesses that do crowdfunding can attribute specific production tasks just after they have accumulated a certain level of money.
Thanks to smart contracts, they don’t need to worry about violations of contract or the credit scores of trading partners, because the blockchain will perform transactions after both parties have met their promises. This system reduces mistrust between buyers and sellers.
ELA Token Allocation
The Elastos Token, or ELA, is the natural token on the Elastos blockchain. ELA is the basic unit. Also, to pay honor to the cryptocurrency torchbearer Satoshi Nakamoto, it would like to use Satoshi ELA (Sela) as the minimum currency unit for ELA. 1 ELA is equivalent to 108 Sela. It will assign a limited amount of tokens. The total number of Bitcoins will ultimately reach 21 million, and Elastos would like to generate a total of 33 Million ELA.
To repay for the natural loss of tokens, such as users losing their wallets, as well as to keep up with sparse inflation, the amount of ELA in circulation will increase annually at a fixed rate of 4%. ELA will be given every two minutes throughout Bitcoin merged mining. These newly issued coins will be designated to the Elastos Foundation and miners. The Foundation will take 30%, and the remaining 70% belongs to miners.
The Elastos Foundation
The Elastos project has a great history. Its antecedent dates back to 2000 when founder Rong Chen returned to China to begin his business. Since then, Rong Chen has been dedicated to developing a robust and comprehensive operating system for the Internet age. In 2017, the project matured a global, free open-source software project that is motivated by the Elastos community. The developed software source code and documents are announced with the free open-source software license. The company foundation manages the Elastos project. It comprises the free open-source and digital currency community, supports shared learning and promotes the advancement of human civilization.
What is Quantstamp (QSP?)
Quantstamp (QSP) is the platform to review and audit the smart contracts technology. It is designed to fix the flaws with the Ethereum smart contracts. It is the first security audit protocol planned to fix vulnerabilities in the Ethereum smart contracts. In other words, Quantstamp is a company that tests the new coin before their release into the market to test the new coin for security risks and exposing bugs in their system. Quantstamp network links the users, investors, and developers in an audit system that is transparent and can also be scaled. Quantstamp networks can also perform automatic checks of the different bugs in the smart contracts.
Quantstamp uses the QSP tokens on their platform to pay for the audit, it is also used to reward the users who identify bugs in the system, and you can also invest in the company with QSP tokens as well. In Quantstamp validation nodes are run by different users, and those who run these nodes also gets the QSP tokens in return. You need to pay a certain amount of QSP tokens when users verify your smart contracts.
Quantstamp is also developing a pack of security tools. They also have skills for secure software development and in application security.
How it Works
Smart contracts are very complex and evolving with each passing day. So their mission is to help their customers with the evaluation of their strategy so they can benefit from the blockchain and smart contracts. Quantstamp protocols function in two steps. The first is the verification system that is fully automated, and it can update anytime. The Quantstamp team is always working on some updates on their networks to add in the future. And the second part is the automated payout of the bounty to reward human verifiers for finding errors in the system.
Quantstamp is a very cost-effective tool, so new companies have no problems in using its technology to enhance the security and reliability of their smart contracts. Quantstamp can verify any project that is built using Ethereum technology, and it is also scalable. As it is so cheap eventually it will become the part of Ethereum’s adoption one day, people who will build their project on Ethereum will use the services of Quantstamp to better the security of their smart contracts systems.
The Team at Quantstamp
The Quantstamp team has more than 30 members across their offices, and they are hiring more people to improve the security of their systems. The team of Quantstamp is comprised with experienced professional in software testing. Their team also includes many professionals who have done Ph.D. and has many years of experience in various fields.
Richard Ma and Steven Stewart founded Quantstamp. Richard currently serves as the CEO of the company and Steven serves as CTO of the company. The core team members include Kacper Bak, Sabrina Keum, and Mei McCullar. Kacper is the senior research engineer while Sabrina and Mei serve as a senior software engineer. The Quantstamp team also has more than eight advisors on the team. They have advisors for blockchain, security, engineering, and marketing of the product.
Quantstamp ICO and Token
The ICO of Quantstamp was directed in two phases. The presale was conducted form 7th November 2017 to 15th November 2017. In the presale, there was a bonus of up to 100%. The main crowdsale started on 17th November 2017. The main details about the ICO are listed below.
Quantstamp ICO Information
Token – QSP
Token type – ERC20 (based on Ethereum)
Token price – $0.0720 USD per QSP
ICO start date – 17th November 2017
ICO end date – 19th December 2017
Total tokens – 1 billion
Tokens for sale – 65 million
Hard cap – USD 31 million
The Quantstamp token, QSP is based on the Ethereum platform, and it is an ERC20 token. Quantstamp tokens were allocated during the ICO in the following manner.
• 65% tokens were reserved for Crowdsale
• 20% tokens were kept for the developing team and advisors
• 10% tokens were for reserve
• And 5% tokens was reserved for the community development
The cap from the crowdsale was distributed among the various departments. Let’s take a look at the fund’s allocation for Quantstamp.
• 50% of funds were reserved for the Product development
• 30% was for the marketing and community of Quantstamp
• 15% of funds were reserved for the Administrative and general uses
• 5% funds were reserved for the security purposes
Exchanges To Trade On
The Quantstamp tokens QSP can be traded on many mainstream exchanges. These exchanges allow the trading of QSP tokens with ETH, BTC or USD and you can also use fiat to trade QSP. Some of the main trading exchanges are listed below.
Quantstamp coin exchanges
With these exchanges, the trading of QSP is possible at any time. You can select your favorite exchange and start trading QSP. But you need to sign up for these websites to trade QSP, or you can use your wallets such as Metamask or EAL wallet to connect with these exchanges. The Quantstamp team is committed to bringing more exchanges on board to facilitate their users.
Roadmap to the Future
Quantstamp was founded in June 2017. They have some success in the market of crypto in the short period. They have their product released and have completed the semi-automated verification process.
They have released the V1 of their network this was tested in the April month, and it will complete the full functions in the August 2018. And they will evaluate the early performance of their protocol and will act by that to improve the features in the next update.
Their mainnet version 2 will be released in April next year. And after that, they will continue working on the security library and network development. They will also increase the team till next year. They already have offices in many countries including San Francisco, Toronto, New York, Europe, and Tokyo. They are planning to hire more staff in these locations.
Overall the Quantstamp tokens QSP are a good bet and will profit its investors in the long term. The Quantstamp technology is in the development phase. Once it is fully developed and everyone realized its potential, it will almost become necessary for future project developments of the Ehtereum based projects.
KuCoin, one of the most advanced cryptocurrency exchange markets has announced that they have listed Mobius MOBI as part of their tradable tokens. Supported trading pairs including MOBI/BTC and MOBI/ETH.
Schedules are as follow:
MOBI Deposits Effective Immediately
MOBI Withdrawal: 20:00 May 30, 2018 (UTC+8)
MOBI Buying order: 21:30 May 30, 2018 (UTC+8)
MOBI Selling order: 22:00 May 30, 2018 (UTC+8)
Connecting internet developers to the blockchain network through a set of protocols defines Mobius. It strives to become Stripe in the blockchain world, a conventional and straightforward toolkit for developers to associate with various blockchains.
Mobius is formidable and has unique features. First, it has a DApp store, which is comparable to Apple App Store and Google Play Store but lower charges. Any DApps acquired by Mobius will be listed on the store.
Mobius also has a manageable REST API that enables non-blockchain developers to interact with blockchains efficiently such as processing in-app cryptocurrency payment, management, login, and others. Third, it aspires to enable Smart Market in the long run, which provides devices to pay for themselves like IOTA.
To guarantee a clean and secure data input, Mobius has a Proof of Stake Oracle Protocol that needs oracles to lock-in particular value of MOBI tokens. They will be compensated for extra tokens if the data is accurate, and get punished otherwise to incentivize them to ensure satisfying data quality. It is a universal protocol for Universal Protocol for the Blockchain Ecosystem and Real World Data.
Opportunities and Roadmap
The expanse that Mobius works to cover is vast but the concept is very exciting, and it can entirely give an impression to mass adoption. But, the problem is that the team of Mobius is actually small, and they do not have a notable background in the blockchain. The execution of the designs will be robust and rationalistic about their future distributions.
KuCoin same as Binance is an Asian crypto asset exchange and was developed to provide crypto exchange services. It provides an efficient charting system and supports almost all of the most popular altcoins that include Bitcoin, Ethereum, Litecoin, and other promising tokens plus it has its own native currency called KuCoin KCS. The system operates relatively well and has a reliable and skilled team of support staff, which are available for inquiries and assistance.
KuCoin platform operates very similarly to Binance. Each time a user exchange crypto assets on the platform, it basically trades BTC/ETH/etc. for the KuCoin token (KCS
Mobius aspires to become the “Stripe” of the blockchain business. It connects the world to the blockchain ecosystem. It essentially makes it accessible for developers to transact with any token that has lower transaction charges. It also benefits developers who would like to obtain tokens that are native to their Dapps. Mobius thinks that with the development of its platform and its Dapp store, the project will incentivize higher creation and adoption of Dapps because it will build a network influence.
Additionally, Mobius will permit for the commoditization of information with a smart market by creating oracle reward mechanisms. It will assist in the production of active, smart contracts that will be capable of performing according to high-quality data inputs.
Mobius Main Features
Mobius aims to integrate the ecosystem of blockchain into applications. It makes it easy to connect applications, devices or data streams to the blockchain ecosystem.
- Mobius develop a universal store DApp, which will be similar to the Apple App Store and Google Play Store, which will make it simpler for users to search for DApps.
- The MOBI tokens are utilized in the Mobius DApp Store to facilitate payment in applications, and it rewards users and developers, avoiding the higher commission of 30% that can be located in Apple and Google app stores.
- The principal responsibility of the Oracle is to provide data for smart contracts. Smart contracts are intended to trigger transactions that are communicated to them by oracles, operating programmed tasks based on data entry.
- A protocol with proof of the stake’s presence is utilized to encourage oracles to render the correct data and a penalty for Oracles that provide incorrect data. Extensive proof of the Mobius protocol Oracle Protocol will need Oracles to host and transfer MOBI tokens before entering data into the blockchain ecosystem. Oracles that provide inaccurate data will be penalized, while MOBI tokens will give oracles that provide the correct data by data consumers.
- The Mobius Blockchain Smart Market Protocol enables auctioneers, industrial designers, and game theorist to work with developers to develop and execute smart markets to ensure the safe and transparent trading of commodity data and services.
- Decentralized intellectual contracts or end users apply for purchase and offer to sell data or services commercially.
- Smart markets are designed to significantly reduce transaction costs and eliminate external factors, while competition is not possible under more traditional conditions.
Mobius is formulated on the Stellar blockchain, which can assist thousands of transactions per second with a confirmation time of fewer than 5 seconds.
Project Advancement And Roadmap
Mobius has a DApp beta store and a beta payment protocol. Below are the future milestones of the project:
Publish a research paper
Release the Mobius Python SDK
Stage 1 Concept Conceptual Design Stealth
R & D for scaling and accounting for tokens
Universal Control Protocol
Recommendations for connecting the cross-circuit
Oracle Oracle Universal Protocol
Protocol Blockchain smart markets
Mobius MOBI Token
MOBI tokens are used as currency on the Mobius platform – DApp Store, oracle data and smart contracts.
Oracles also need to put on and put MOBI tokens before entering data into the blockchain ecosystem, following a system of evidence of a stake.
Since MOBI tokens are required to perform various actions on the Mobius platform, the more the platform is used, the more important MOBI tokens should be.
- It seems that Mobius is trying to do everything at once. The roadmap includes a solution for scaling tokens other than Oracle, the dApp store, and the ability to connect through the chain. Each of them is a huge undertaking in itself, and there are projects that deal specifically with this area. Lack of focus will direct the attention of the team, and we are not sure if the Mobius team can pull it all out.
- The project works on the Stellar blockchain, with which most people are not familiar. ICO participants will need to learn how to use Stellar wallets to store and send MOBI tokens. This will create another barrier for potential participants interested in purchasing MOBI tokens.
- There is a trade-off between scalability and decentralization. In the Stellar consensus protocol, network validators are not rewarded for good behavior or punished for bad behavior. Each node selects a set of publicly trusted peers and forwards only transactions that have been verified by a certain majority of trusted partners. Thus, Stellar can support thousands of transactions per second with a confirmation time of less than 5 seconds.
- Since Mobius has very wide coverage, it to some extent competes with many blockchain projects – Status, Decentraland and District0x for the DApp store; Chainlink and Oraclize on the Oracle side.
Mobius appears to offer numerous opportunities for Dapp developers, smart contract developers and others who understand completely how to take advantage of the commoditization of data. As for the users of these smart contracts, Dapps, and oracle-cured data, aside from developers, the market is considerably limited as for the moment. It might develop completely a few years down the road, but that is unlikely to happen within the next year or two. Mobius seems to be positioning itself for a world in which there will be additional IoT and blockchain tech integration.
After SingularityNET ICO launching, the result seems to be in all’s lips, and everyone is talking about it.
With the emergence of different cryptocurrencies around the world, an intense rivalry has aroused on the market. More businesses are getting on the line to launch their unique ICO project. SingularityNET is one of the few companies that had successfully released Initial Coin Offering.
Based on reports, the company team has unexpectedly sold all ICO in just a minute and has reached the hard cap worth of $36 million. The ICO started on December 19 and lasted only for 24 hours. SingularityNET ICO price that day was USD 0.1000.
While I am writing this article, SingularityNET price hits USD 0.171960 and touches a market cap of USD 92,802,214.
This fantastic outcome is undeniably a strong indication that the perfect timing for SingularityNet has indeed come. The interest shown by the community is truly overwhelming.
Introduction to SingularityNET
It is a Swiss company that is based in the Netherlands.
SingularityNET aims to be the primary source of AI interaction on the web. It visualizes a combination of blockchain technology and good Artificial Intelligence creating a decentralized market industry for any distinctive types of AI products and services.
Generally, anyone can place AI on the internet, cover in API and declare it to SingularityNET. Any business may then request for it, and the developers will, of course, receive payments in the form of AGI tokens.
It is designed to become very valuable and to place the foundation for the appearance of an artificial cognitive organism. It carries intellect services to everyone. This will stimulate the occurrence of gradually powerful dispersed universal intelligence and will position AI to the welfares of everyone.
SingularityNET’s Dynamic and Flexible Software Design
SingularityNET is a highly technological structure for creating new varieties of smart contracts. It can provide AI interactions to market. The network is interoperable to many blockchains. All user data have privacy and sovereignty control. There are validation processes before anyone can access data information. It is flexible enough to produce customized topography, to recover quickly from failure and to help AI Agents arrange proper collaborations. Also, it protectively hosts public and private smart contracts within the network.
It is a non-profit foundation accountable for constructing, managing and quickening the system progression. With the excellent combination of AI Agents, affluent customer’s ecosystem and prosperous developer’s community, the network can perform well. Some of the main founding partners of SingularityNET Foundation are OpenCog Foundation which is the leading platform for AI and Hanson Robotics which is the creator of robot Sophia. Other founding partners are Vulpem, Novamente LLC, and Economic Space Agency.
The growth of SingularityNET brings a real advancement to the world. It helps every individual to cope with the progressive technology and fills the growing demand for Artificial Intelligence. The modern ecosystem needs an open AI source like of SingularityNET
The surprising level of investors’ response to SingularityNET ICO is a vibrant sign that everyone is really into blockchain.