IOTA (MIOTA) Ledger support coming soon!

You will soon be able to store IOTA (MIOTA) on the Ledger hardware wallet!

The official IOTA wallet is currently the best option to store MIOTA; however, its usability and functionality have long been questionable at best, with many users frequently experiencing issues when sending, receiving, broadcasting and attaching transactions. In some cases, users have even been unable to retrieve their IOTA.

Navin Ramachandran IOTA
Navin Ramachandran IOTA

However, this is all likely to change very soon. We spoke with IOTA Foundation member Navin Ramachandran, who assures us that with the upcoming Trinity wallet and ledger support the team are confident they are about to deliver the most user friendly, secure wallet on the market.

 


1. Will IOTA support Ledger hardware wallets and, if so, when? Security is becoming paramount for investors due to phishing and exchanges that are unable to secure customers’ funds.

The Ledger team have recently revealed that IOTA support is on the roadmap. There are a team currently working on this and we are working with them to expedite the integration. Concurrently we have committed to supporting this integration, as soon as it is available, in the new Trinity wallet. The Trinity developers are already in contact.

2. How user friendly will the new wallet be? Lots of users are reporting problems with having to re-attach transactions several times.

The new Trinity wallet has been built from the ground up to be user friendly. This was my main aim for the project. We have tested this with over 400 users during alpha testing, and we will soon be moving into beta testing.

At beta we are confident, based on feedback, that it will be one of the best wallets in the crypto realm. But we are also currently working with an excellent designer to tweak the design to minimise user friction and maximise usability.

The challenge is always how this can be achieved in a decentralised manner but still allow for synchronisation between devices. We are working on some novel approaches together with the IOTA core developers, which we hope will bear fruit in the next few months.

3. A number of IOTA users have no confidence in the current wallet; they are stuck in limbo with no safe way to store their cryptocurrency. How are you solving this?

There’s been a lot of confusion around IOTA’s wallet, but it is important to keep in mind that when IOTA pioneered the next generation of distributed ledgers we made it clear that we had no intention of even creating a UI, as the main focus was on IoT. As demand for a GUI increased, we decided to give the community what they wanted, and we are confident that Trinity will deliver.

From Navin’s feedback it seems that the team are confident that the IoT fundamentals are functioning correctly in a tried and tested environment. In turn this allows them to now focus on and allocate more resources to user software/interaction, with the aim of developing confidence in this area.

Development in these areas is in full swing, with the Trinity wallet concentrating on squashing bugs. It is very likely that once the wallet hits beta testing, it will already be an extremely polished product. Given the problems users encounter with the current wallet, it is reassuring to see the IOTA team carrying out extensive testing and taking the community’s feedback very seriously.

Yodse: Your Open Direct Sales Ecosystem

Ecosystem that brings digital transformation in industrial sector of economy with blockchain technology.

What is Yodse?

  • the first marketplace, connecting manufacturers and consumers of industrial segment of the market.
  • opportunity for manufacturers of industrial product family to enter the global market.
  • direct payments inside the network without intermediaries.
  • symbiosis of long-term experience and creative solutions based on the blockchain  technology.

Yodse project is created with the aim to:

Bring together interests, erasing borders and distances for customers and manufacturers in real economy, increasing efficiency, reducing financial and time costs.

Yodse is a project of the nearest future 2-5 years!

Yodse will help manufacturers to solve marketing issues associated with the need in the big staff of employees and to reduce costs on the own IT infrastructure maintenance and marketing and sale specialists. Yodse differs from other platforms in that it does not retain any fees for manufacturers registration, only in the case of real transaction conducting there is 1% fee as a  reward for the ecosystem’s services. Yodse helps each manufacturer to be represented on the platform due to the set of online instruments. Yodse provides training for people involved in information placement about produced goods, performing sales, control and analytics of sales.

Ecosystem Yodse is open for large business customers as well as private individual and it will also focus its attention on retail buyers of industrial products. Yodse reduces time and efforts in the process of search for essential price and quality.

Ecosystem gives total transparency, excluding intermediaries and as a result reduces risks associated with the fail of delivery or incomplete delivery. Customers will have warranties for the goods from manufacturers and have a clear vision about terms of delivery, will be able to choose optimal terms of delivery and cargo insurance. Thus, Yodse will reduce time expenses for both sides of transaction while carrying out routine procedures connected with concluding contracts and following transaction support. Yodse minimizes paper work and bureaucracy and helps to avoid chain of intermediaries.

Token holders get an opportunity to:

  • pay for platform services;
  • take part in referral program and earn rewards;
  • pay for services and products with manufacturers and vendor services;
  • give token loans and get income in tokens;
  • improve the work of the ecosystem and expand its functionality;
  • to keep assets in secured accounts for sale at a more favorable rate, which will
  • grow by increasing the number of participants in the ecosystem;
  • encourage scaling of the project and real economy sector development;
  • promote project development, which combines economical efficiency and social partnership.
  • Social partnership will consist in cooperation not only manufacturers with customers, but also in attracting to the ecosystem other people who seem to be far from production, business, but whose talents and entrepreneurial activity can help both the project and its participants. For example, copywriters, community managers, marketers and students from South-East Asian may be of benefit to a small, unknown African or Latin American producer to enter their local markets by providing assistance within the framework of the skills and competencies in which they are strong. Both parties will have guarantees on fulfillment of obligations.  Ecosystem includes rating system for reliable customers, manufacturers and participants of social partnership projects.

Finally, we have a decentralized and transparent ecosystem that will raise industrial market segment to a new level due to socially useful marketing that will be provided by a direct communication between customer and manufacturer, excluding imposition of illusive values on the end-product and as a result we receive product improvement based on real consumer demands. This is an evolutionary transformation on the path to the perfect capitalism.

Pre-ICO is carried out from 23 April 2018 and to 06 May 2018 with 30% bonus available within the entire period of the Pre-sale.

ICO from 20 May 2018 to 30 July 2018
20% bonus from 20 May 2018 to 31 May 2018
15% bonus from 01 June 2018 to 15 June 2018
10% bonus from 16 June 2018 to 30 June 2018
5% bonus from 1July 2018 to 15 July 2018
3% bonus from 16 July 2018 to 30 July 2018

To get more information about the project and join 30% bonus token pre-sale please visit: https://yodse.io/

CryptoSolarTech Finishes Successful Pre-ICO with the Goal of Making Cryptocurrency Mining Energy-Efficient Like Never Before

CryptoSolarTech, a blockchain start-up dedicated to addressing the problem of high energy consumption in cryptocurrency mining, has just completed a successful pre-ICO phase of their token sale campaign and broadly surpassed the softcap. A total supply of 1260 million tokens called CryptoSolarTech tokens (CST) is up for grabs during this ICO.

April 30, 2018

CryptoSolarTech is pleased to announce the successful completion of the pre-ICO phase of their token sale campaign. A blockchain start-up, this pioneering venture looks to fix one of the glaring problems of cryptocurrency mining by making it energy-efficient and environment-friendly. Their token sale campaign will continue until July 14, offering a total supply of 1260 million proprietary tokens of the ecosystem named CryptoSolarTech tokens (CST) with a minimum investment of 100 tokens. The collected funds during the ICO will be used to both construct a solar photovoltaic pool and build the biggest mining farm in Spain.

With the rapidly growing popularity of cryptocurrencies, the mining of different crypto coins have become commonplace these days. However, this mining process consumes a huge amount of energy for the necessary complex mathematical calculations. In countries with cheaper energy cost due to the abundance of coal and oil, indiscriminate mining has already resulted in a significant increase in CO2 emissions. There is no denying the fact that in order to ensure a better future for the rapidly growing crypto economy, the problem of high energy consumption must be addressed.

A company based in Spain, CryptoSolarTech proposes to solve the present scenario of cryptocurrency mining by creating a solar photovoltaic pool capable of generating 45,000kW of energy. With this objective, they have already signed a fifteen year power purchase contract with Respira Energía, an organization that provides electricity to consumers at wholesale prices with a guarantee of 100% CO2 free production. Respira Energía will play a pivotal role in CryptoSolarTech’s efforts to make mining sustainable and profitable, without the need for the common form of electricity.

CryptoSolarTech informs that their upcoming solar project will comprise of ten solar plants with an investment of €42.8 million. The mining center will be located in Malaga. Whereas, the solar plants will all be installed in the southernmost and the sunniest region in Spain, Andalusia near Sevilla. The uniqueness of this project lies in the fact that it will have its own solar plants as well as mining infrastructure. Though there have been some similar projects in the past, but they were not equipped with self-mining set-up.

“The operation will be based in one of the sunniest areas of Europe. Our team has an extensive experience of in mining operations,” explains Pablo Alonso, co-founder and CEO at CryptoSolarTech. “We have no doubt that this is a winning package with excellent returns that any crypto enthusiasts will be interested in.”

CryptoSolarTech token (CST), an ERC-20 type token, will be a key component of the CryptoSolarTech ecosystem. “Possession of this digital asset will indicate ownership of a fraction of a cryptocurrency mining farm and a photovoltaic solar energy plant. Users of this platform will be able to obtain their own cryptocurrencies during the CryptoSolarTech ICO in a farm where around three thousand equipment are to be installed” says Alain Aguirre, co-founder and director of the mining operation.

The Ethereum public Blockchain will be used for the management, generation of income and start-up of the physical assets that make up this project. The primary objective of the ongoing ICO is to create a cryptocurrency mining farm and a photovoltaic plant of solar panels to generate electricity. The company informs that 80% of the funds raised through the ICO will be used for the development of the mining platform, the acquisition of land and construction of several solar power plants, the acquisition of an industrial warehouse, and the servers. Pool platform development, licenses, infrastructure issues, and maintenance will consume the remaining 20%.

The future plan for CryptoSolarTech includes applying for an environmental approval request for the project, authorization for the public construction, and grid-connection of the power plants in June, 2018. The acquisition of land and the industrial warehouse is expected to be completed by September. The launch the application for the construction permit for the solar PV projects has been scheduled in October.

Mentioned below are some key points related to the ICO campaign:

Total supply of tokens: 1.260.000.000

Number of Tokens for Sale: 1.008.000.000 (80%)

SOFT-CAP: 983.733 €

HARD-CAP: 71.400.000 €

Accepted Currencies: ETH, FIAT

176, 900,524 CST tokens were sold during the just concluded pre-ICO phase, raising 8.845,026 €.

To find out more, please visit https://CryptoSolarTech.org/en/

About CryptoSolarTech:  CryptoSolarTech is a project oriented towards the development of a platform for clean, ecological and profitable mining with efficient results. It will provide a photovoltaic plant that will generate power capable of obtaining a performance of 45.000 kW. In its fully functional form, the project looks all set to make cryptocurrency mining energy-efficient like never before.

Contact: Sara Picazo

Website: https://CryptoSolarTech.org/en/

Email:  [email protected]

EOS is Outperforming the General Cryptocurrency Market Against All Odds

Blockchain holds the promise of delivering trust in trustless environments using decentralized and cryptographically secure ledgers. One of the most popular applications of blockchain technology are decentralized applications (Dapps). Ethereum is a leading DApps platform but a number of new rivals such as EOS and NEO are challenging its market dominance. In fact, it is no longer news there’s an ongoing rivalry between Ethereum and EOS communities as both blockchains try to gain market dominance in the Blockchain as a service market for enterprise clients.

Ethereum is the older of the two blockchains and it enjoys the support of a consortium of high-profile enterprise clients who are exploring the possibilities of leveraging blockchain to improve their competitive advantage in their respective industries. The relative newness of EOS however presents it with an opportunity to bypass many of the pitfalls besetting Ethereum. EOS comes to the market with the promise of the latest advancements in blockchain technology to process a higher volume of transactions and at a higher speed than Ethereum.

Source: Smartereum

The thoughts of joining the Ethereum VS EOS debate is quite tempting but I think the arguments on both sides of the debate are overflogged already. Interestingly, most of the arguments are based around technical specifications which don’t usually hold much importance to traders and investors. The cryptocurrency market is booming at an incredibly fast pace and EOS is also riding on the market boom. This piece attempts to beam the searchlight on the performance of EOS relative to Ethereum and Bitcoin with a view helping traders and investors make educations decisions about the direction of the market

EOS is booking massive games in defiance of the prevailing downtrend in the market

The EOS coin price charts for the year-to-date period shows an incredible 121% surge in trading price. In addition, EOS’ trading volume has spiked by more than 1400% from $312M on January 1 to $3.96B on April 30. EOS’ market capitalization has also soared more than 217% from $5.04 B on January 1 to $16B as in the same period (see chart below).

Source: Coinmarketcap

EOS YTD performance dwarfs Ethereum (ETH) performance

Source: Coinmarketcap

Ethereum has however been struggling to keep its 2017 gains as its performance in 2018 continues to head south. On January 1, Ethereum was trading around $765.51; however, its trading price has declined to around $685.39 on April 30 to mark 10.46% decline in the year-to-dater period.

Ethereum started the year with a market cap of $74.01B but its market cap has since declined to $67.95B to mark a decline of 8.18% in market price in the year-to-date. Ethereum’s 24-hour trading volume has however climbed up marginally by 6.6% from $2.55B on January 1 to $2.72B on April 30.

Here’s how EOS has performed relative to Bitcoin (BTC)

The fact remains that the impressive outperformance of EOS in the year-to-date period isn’t representative of the performance of the general cryptocurrency industry. In fact, EOS’s massive uptrend contrasts sharply with the decline in the performance of Bitcoin.

The trading price of Bitcoin has declined from $14,112 on January 1 to $9,186 on April 30 to mark a 34% decline in its trading price in the year-to-date period. The 24-hour trading volume of Bitcoin has declined from $12.13B on January 1 to $8.55B on April 30 to mark a 29.5% decline since the markets opened for trading this year. More so, the market capitalization of Bitcoin has declined from $236.73B on January 1 to $158.46B to mark a 33% decline within the same period.

The Game Is On

The gaming industry is one of the fastest growing tech industries around. It crosses over different aspects of the ecosystem from design graphics, internet technology, to interactive virtual reality and now the blockchain.

Numbers don’t lie. International video game revenue in 2015, was estimated at US$91.5 billion; more than double the revenue of the international film industry.  According to newzoo.com, in 2016 China alone generated $24.4 billion in video game revenue, and that is just scratching the surface. The developers and target audience of the gaming industry are young and tech savvy, making the field very open to the latest technological innovations. For instance, according to researcher Stanley J. Baran one-third of all global mobile gaming revenue already comes from tablets. The secret to maintain growth is to create innovative and diverse content for all platforms. Game creators, nevertheless, have to rent expensive development environments from monopolies like Amazon or Google to host the new multiplayer functionality, stifling the creativity the industry needs to grow.

Since the industry is so open to new technologies and approaches, some companies are applying blockchain technology to help game creators develop their multiplayer games. Here are two companies who are helping game creators realize their vision through the use of advances in blockchain technology.

GamyTech’s platform, GameProtocol, allows game creators to generate a webpage in the GameStarter website explaining their game to the crypto-community. The community can then invest in the idea using Game Protocol Tokens which is the native token of the GameProtocol ecosystem. Investors receive, in exchange, better inApp tools that will help them play the completed game. A smart contract guarantees that the creating team will get paid once the game is developed. At the end of the development process, GameProtocol will publish the finished game in its own game store where users can play it provided they pay for the access with Game Protocol Tokens. Games like special Guns and Soccer championship were developed this way.

Network Units is a platform that built a decentralized gaming environment that is run on a network of cooperating player and service provider nodes. Using the blockchain, Network Units provides an environment where hardware owners share their unused CPU resources and bandwidth with game creators that require an infrastructure of servers to run the multiplayer mode in a game. Such distributed gaming network hosting asserts that this whole multiplayer functionality could be run on the blockchain, helping game creators reduce their cost of rented servers. Each player on the network can play from a node that exhibits the best geographical proximity reducing the distance that a gamer has to the nearest “server” providing better connectivity. However, the claim of getting lower latency just because a user is closer to the server though not always true, can help.

Bridging Markets and Reviving lost Demand Finally Becomes a Reality with INGOT

INGOT Group has created a first- of-its-kind blockchain ecosystem named INGOT Coin that promises to link the existing financial markets and the rapidly emerging crypto markets like never before. INGOT Group claims that this specialized ecosystem will make the customers more confident and increase market liquidity, while providing more efficient market pricing and access to funds for a wide variety of stakeholders.

April 28, 2018

INGOT Group, a multi-industry company with industry-specific professionals, is all set to bring about a groundbreaking impact on the existing financial markets. By creating a revolutionary blockchain based ecosystem named INGOT Coin (IC), they have finally made it possible to build a new pathway between the crypto and the current traditional market participants, enabling them to diversify their portfolio in an efficient and secure manner.

The vision of the IC Ecosystem is to revive the lost unity and demand for both the markets by establishing six different components to work hand in hand under one umbrella, providing all community members the chance to capitalize on the upcoming opportunities in all markets. The ecosystem is comprised of an IC Wallet, IC Exchange, IC Brokerage, IC Digital Bank, IC Certifier and IC ICO Accelerator.

“INGOT Coin will create a complete solution by integrating 6 core ecosystem components and providing a one-stop-shop for the digital asset, traditional asset and currency markets,” said Iman Mutlaq, the Director of INGOT Group and the founder of INGOT Coin.

The IC Ecosystem will provide round the clock support, services and linkage between markets, providing the industry’s fastest and safest entry and exit mechanism for both sides, leading to making reallocation and trading techniques as  efficient as possible, without being hindered by the time and cost associated with the previously segregated markets.

Primarily, The IC Ecosystem will facilitate custodial and brokerage operations that will encompass all traditional financial instrument functions needed. Linking multi-signature and cold storage IC Wallets with the full-fledged IC Exchange in addition to linking the IC Brokerage to both components will allow clients to safely trade in crypto and alter to the traditional market freely then easily expand or liquidate their investments through the IC Bank.

“The IC Ecosystem will transform trades, settlements and payments and make them instant, bringing together different necessary components and cutting out third party intermediaries who usually delay the process and increase associated costs,” explains Ahmed Khawanky, the CMO of INGOT Coin.

INGOT Coin has already established partnerships around the region as well as globally and has been participating in the market since 1993 through their holding group INGOT Group.

INGOT Group continuously works on providing all stakeholders an ever-growing broad range of innovative products and services globally, thus allowing it to gain sufficient expertise to link this knowledge to the new blockchain environment and create an all-inclusive and self-serving Ecosystem.

The group has recently added seven advisors, all with an extraordinary background and a wealth of industry experience.

  • Warren Whitlock, PR & Marketing Advisor
  • Navin Kapoor, Blockchain ICO Advisor
  • Pranav Bhatia, Blockchain R & D
  • George Mentz, ICO Legal Advisor
  • Sydney Ifergan, ICO Marketing Advisor
  • John Van Der Voss, ICO Advisor
  • Bogdan Fiedur, ICO Tech Advisor
  • Victor Chow, ICO Business Advisor

More about INGOT Group and INGOT Coin can be found at https://www.ingotcoin.io/

About INGOT Group: A multi-industry company founded in 1993; INGOT Group has grown into one of most successful firms with industry-specific professionals operating in different companies and sectors under one umbrella. The group has fortune companies across multiple industries and adopts a strategy to expand its business and to leave an influential impact in the market field.

Website: https://www.ingotcoin.io/

Email: [email protected]

Crypto Highlights 28/04/2018

Vitalik Buterin boycotts CoinDesk conference

In a series of tweets Ethereum co-founder Vitalik Buterin explained why he’s not not attending CoinDesk’s Consensus 2018 conference, citing the $2-3k ticket prices as “rent seeking” and the publications ethics based around “off the record” interviews.

IBM planning to use Blockchain to track diamonds

IBM’s latest blockchain initiative TrustChain will bring transparency to the diamond industry by tracking the process from raw material to finished jewelry.

Read more at Investopedia.

Sony files blockchain patent

Sony has filed a patent with the US Patent & Trademark Office to store consumers digital rights on the blockchain dubbed Rights Management (DRM

Read more at Toinnov.

Venezuela to get $1 billion cash injection from petro ICO

The Venezuelan president has said the country will receive a $1 billion cash injection from the sale of its cryptocurrency named the PetroDollar (XPD) which allegeldy raised $5 billion dollars, $1.7 of which will be set aside for importing “food, medicine and industrial goods.”

Read more at Phys.

Penny stock firm proposes Blockchain mining at coal plant

Plans to create an Australian “Blockchain Valley” with cheap fossil energy have been met with a stony reception from blockchain insiders.

Read more at GreenTechMedia.

AirSwap breaks $1 million trading volume in 24 hours

Decentralised trading platform AirSwap has handled more than $1 million dollars worth of transactions within the first 24 hours of launching. AirSwap was co-founded by a veteran of automated trading firm Virtu Financial Inc

$100,000 bounty for crypto pump-and-dump whistleblowers

The US Commodity Futures Trading Commission (CFTC) has created a bounty to encourage whistleblowers to come forward in exposing “pump-and-dump” schemes withunique information that leads to sanctions of $1 million or more are eligible.

Read more at CFTC.

Crypto exchange more profitable than Germany’s biggest bank

In the first quarter of 2018 the world’s largest cryptocurrency exchange Binance, recorded profits of $200 million surpassing Deutsche Bank’s $146 million. Today Deutsche Bank announced the loss of 1,000 jobs equating to 10% of its US workforce.

Read more at Reuters.

8% of Americans are invested in crypto

Around 8% of Americans know of cryptocurrencies according to a survey of 2,000 adults carried out by Finder.com

Read more at CNBC.

Singapore to speed up Blockchain patent processing

The Intellectual Property Office of Singapore (IPOS) has announced a new initiative named ‘Fintech Fast Track’ that aims to speed up the patent application-to-grant process for blockchain-based patents.

Read more at BlockTribune.

IBIN Introduces Blockshares to the Blockchain via International

Blockshare Identification Number 

As the DIM Foundation ventures closer to releasing their new Hybrid Stock Exchange, a trading platform based on blockchain technology, they are all set to adopt innovative features to sustain the needs of the ever growing industry.

April 25, 2018

Most people that are familiar with the Stock Market are aware of the need of acquiring an ISIN. The International Securities Identification Number (ISIN) is a 12 character code that uniquely identifies a specific security, such as stocks. It is the most popular securities identifier and is used globally.

With the pre-registration for issuers and users soon to be opened, the inaugural DIM Ecosystem introduces the International Blockshare Identification Number (IBIN), a 13 digit, unique serial number used to identify a corporation or organisation for listing on the Hybrid Stock Exchange. It will be this unique IBIN that will be used as a reference to buy, sell, trade and hold equity, with all details retained on the Blockchain. Each unique IBIN will function as the reference to buy, sell, trade and hold equity, with all details stored securely on the Blockchain.

The DIM Foundation is a non-profit organization that recently grabbed the attention of the crypto world by creating and distributing the two different versions of the DIM cryptocurrency (DIMCOIN and DIM Currencies). The Data Interchange Module (DIM) cryptocurrency is a p2p, quantity-committed, secure, private and robust digital medium of exchange. DIMCOIN is a speculative digital coin built upon the NEM blockchain protocol. On the other hand, the DIM Currencies serve as a medium of exchange in the DIM Ecosystem.

An online stock exchange, Hybrid Stock Exchange provides the small to medium enterprises a platform where they can engage in online stock and equity exchanges and access international capital from investors. Cryptonized assets such as intellectual property or company shares will be available on the HYBSE platform.

DIM Currencies and cryptonised assets can be managed across the globe via computers and handheld devices with the help of a state-of-the-art block chain wallet called DEPOTWALLET. The registration process is simple and easy because there is no need to have any banking details to open an account with DEPOTWALLET.

With the mainstream equity markets suffering from downsides such as over-regulation, red-tape, excessive fees and long waiting periods, HYBSE‘s blockchain-based platform looks to eliminate hurdles and allow issuers as well as investors to conduct business on a secure and efficient platform. Lower operational costs, transparency, quick learning, easy web interface, P2P trading, robust security, and the availability of a large pool of financial instruments are some of the many benefits enjoyed by HYBSE users. Tradable securities on HYBSE currently include cryptonized shares, cryptocurrencies, exchange-traded commodities, exchange-traded fund, index, and more.

In the coming weeks, issuers on the DIM Ecosystem will be able to apply and register for their IBIN at no charge. This limited time offer will be available until August 31, 2018. Anyone interested in finding out more may check the DIMCOIN Social Media for the upcoming announcement.

For any questions and information, please visit the DIMCOIN social platforms:

Telegram: https://t.me/dimcoinICO
Facebook: https://www.facebook.com/DIMCOINICO/
Twitter: @DIMCOIN_

About DIM Foundation: The DIM Foundation is a non-profit organization that is responsible for the creation, management and distribution of the DIM (DIMCOIN and DIM Currencies) and DIM TOKEN. All the profits received by the foundation will be utilized to further improve the DIM in order to increase its value.

HYBSE has a license of Dealers in Securities in Vanuatu with the license number 17911

Parsec Frontiers Announces Start of Token Crowdsale Opening Way to Stars Colonization

On May 15, Parsec Frontiers, an online game about humanity’s colonization of the stars and planets in the Milky Way, starts the crowdsale of its tokens. The project has already succeeded in early presale stage. The team raised more than 700 ETH in January during the closed sale round, while the soft cap for the sale was 400 ETH.

There is not much time left before the stars will be open for travellers! Galaxy exploration starts in December 2018, when the first Ark ships leave the Earth, and about 900 spaceships will frequently leave the Earth for the following three months. After this, all additional spaceships must be crafted by players. The game is planned to be feature complete in December, 2019.

“We are targeting regular space/strategy MMO game fans, to reach beyond the traditional crypto gamer crowd that buys crypto kittie tokens on Ethereum,” comments Henning Rokling, the project founder. “We are creating a full blown MMO for hardcore strategy gamers, with blockchain as an underlying technology.”

Why Parsec Tokens?

Parsec Credits will be the only accepted currency for the spaceship and space station auctions. And the crowdsale is the last chance to buy this currency, as all unsold tokens will be burned. if you are late to buy Parsec Credits, you will have to go on an exchange to get involved in the game.

To incentivize holders of Parsec Credits, a deflationary mechanism relating to all in-game value transactions will reduce the money supply in the economy. Trading exchanges on space stations and planets are either operated by the game’s backend or are owned by players who has purchased an exchange.

Every transaction on a trading exchange will be subject to a transaction fee paid by the seller from the achieved sale price. The fee has a fixed portion of 3% paid to the server wallet, and an optional portion of up to 2% paid to the exchange owner’s wallet as per the exchange owner’s discretion.

The game thus contributes 2% of all transactions proportionally to all token holders by reducing the total money supply in the economy.

More details are available in project White Paper .

Bought The Wrong Coin? CoinJanitor Can Help You Out!

Cryptocurrency markets are tricky. Despite the wealth of innovative ideas in them, most of the projects fail. In many cases, people end up buying coins that fail despite their promising concepts and technological innovation. Therefore, there is a need for a project to come into the market and recycle these valuable ideas while lending those who were unfortunate to buy into the wrong coin, a way out. That is exactly what CoinJanitor will do.

What is CoinJanitor?

CoinJanitor introduced a unique concept into the cryptocurrency markets. The idea is that CoinJanitor can buy out dead coins using its own JAN token, and give dead coin users a way to get some of the value they have in dead coins back. Integrating dead coin holders to CoinJanitor through these buy outs will create a powerful network effect by amalgamating thousands of people under the CoinJanitor umbrella.

These buy outs also allow CoinJanitor to acquire other assets that belong to dead coins, like their marketing assets, and they will put the CoinJanitor in a privileged position to analyze dead coin code and blockchain data to produce new tools with it. This will allow CoinJanitor to effectively recycle all those valuable components that dead coins have for the benefit of the CoinJanitor community and cryptocurrency markets.

How will CoinJanitor Achieve its Goals?

CoinJanitor has already started gathering data to profile these dead coins, finding out which are the most valuable dead coins out there and how it can use those assets to create more value. A key component of this profiling exercise is to define what a dead coin is. CoinJanitor came up with the following 4 main features that allow it to understand which coins are dead and which it can buy out:

  • The dead coin has a market cap of $50,000 USD or less.
  • It is a PoW – Proof of Work – coin.
  • Said coin has been given an opportunity to succeed but has failed, so it has been in the market for 2 years or more.
  • The coin is not traded on exchanges.

Once CoinJanitor starts going through the lists it has compiled with coins that fit these conditions, it will start contacting the communities and creators of those coins to establish a buy-out agreement. Then it will proceed to take over those coins’ assets and decommission them. This includes burning all the coins it acquires during the buy outs, to effectively put the targeted dead coin to rest.

The Odds of Holding a Dead Coin are High

There are many more coins that fit this definition than many would think. For starters, there are more than 4,500 cryptocurrencies out there. More than 3,000 are not traded on any exchange. That means the odds of having bought or mined a dead coin at some point are quite high. There are thousands of people out there that bought the wrong coin. In many cases these coins offered a promising idea, but they failed and died.

What are the odds that you hold one of those coins? What are the odds one of your friends owns one? There are enough dead coins out there and enough people who ran out of luck when they bought these coins. Therefore, the cryptocurrency market clean up that CoinJanitor proposes is important. So, if you are interested in this project, the network effect it will create and the potential to find value through its recycling process, join its Telegram group, follow them on Twitter check out their YouTube channel or visit the CoinJanitor website to get more information about how you can be part of this exciting opportunity!