Blockchain gambling machine placed in the land-based casino

In the network appeared news that one of the offline casinos has placed a test model of the world’s first slot machine, fully working on blockchain technology. The futuristic style terminal developed by SmartPlay.tech represents the hardware realization of classical European roulette table.

Many online casinos have already switched to cryptocurrencies and invest millions of euros in the rapidly developing bitcoin market. For example, the PlayAmo platform spent $ 2.5 million to expand its services to include bitcoin payments offering attractive promotions and bonuses to its customers.

According to the international analytical resource TheBitcoinStrip, about 60% of the current transactions in the Bitcoin network are occupied by gambling bets, and the number of transactions made by gamblers per second has exceeded the mark of 337.

Such popularity of the cryptocurrency in gambling is caused by the absence of additional commissions, security of funds and unlimited withdrawals. But can the appearance of bitcoin completely reverse the view of how we used to see the casino?

The SmartPlay.tech company answered this question, challenging the traditional gambling. “In order to completely revolutionize the gambling industry, it is necessary to integrate new generation technologies such as Blockchain and Lightning Network, which will make casino activities more profitable for the operator and attractive to the player. We have a technical solution based on the ready-made software, which we can offer to big players in the offline market in the form of full-fledged equipment. ”

The project team has already announced its intention to launch a full line of new SmartBox machines, to which other games can be connected, for example, online slots, blackjack, bingo or poker. Now the company is at the stage of negotiations with the game design studios and slot machines developers. For the purpose of expanding the presence in the market is undergoing the process of legal registration of project activities.

The basic configuration of SmartBox machine includes a touch screen gaming table, a terminal for depositing fiat money, and a QR scanner for connecting cryptocurrency wallets. The gambling software is developed on the technology of blockchain, which has been successfully tested in SmartPlay.tech products. In particular, a model of operational efficiency which ensures that casino profits are always higher than its costs by optimizing transaction commissions to a minimum market price of a few cents was proved in practice.

The first sample of the machine has already been put on closed testing in a land-based casino in order to measure the performance indicators of blockchain technology in the real economy of a gambling establishment. Within the testing it is planned to obtain actual data, including game time, average spending, turnover, number of players, and also make a portrait of the target consumer. In the case of a successful experiment, mass production of full-fledged SmartBox machine will be launched.

“SmartBox looks pretty reliable and I can see the technology is going forward, so I give my thumbs up and hope everybody can join as well,” says Philipe Comini, CEO of the Gimmer project, an algorithmic trading platform for Bitcoin and other cryptocurrencies, “it’s a very revolutionary technology introducing the blockchain on gambling, and I’m really watching for SmartBox.”

The preliminary success of the decision is conditioned, among other things, by the doubtless benefits for the casino. After all, the gambling establishment significantly reduces the cost of maintaining staff, automating the processes with the help of smart contracts. SmartBox does not need an accountant, a cashier, or a croupier, which saves large structures at least $ 200,000 a year. By saving money, the casino will be able to pay higher winnings, attracting a greater flow of visitors.

Now in the course of closed testing, players do not spend real money and do not receive real rewards. However, after the full-scale launch of SmartBox, bets and winnings will be available not only in cryptocurrencies, but also in shares of SmartPlay.tech in the form of RLT tokens.

By the way, RLT is automatically added as a bonus to each bet made regardless of the outcome of the game. Thus, each player becomes a partner and gains profit from the growth of the company’s capitalization and the cryptocurrency rate.  At the moment, SmartPlay.tech has already paid more than $ 300,000 to players, and the rate of the RLT token, which is traded on the LiveCoin exchange, just the day after the announcement of the SmartBox launch increased by 7 times.

As for the market share claimed by SmartPlay.tech, the game market volume is 88% in land-based casino versus 12% for online platforms. This means that the launch of the world’s first slot cryptomachine and RLT tokens have great prospects compared to analogues on the online casino market.

Betex Blockchain P2P Platform Brings Transparency to the Binary Options Market

The market of financial derivatives, including binary options, has always been an attractive one for many people willing to earn money. However, due to the shady schemes and scams, the binary options have lost their reputation and have even been banned in some countries. Now, as the blockchain technology is gaining momentum, many fields are experiencing a rebirth. And this is exactly how Betex is bringing a revolution to how the binary options work. 

Betex Binary Options Platform: How It Works?

Betex is a blockchain peer-to-peer platform for transparent financial derivatives trading. Contrary to the shady traditional models, Betex uses the blockchain technology to keep all the information public and maintain the equal conditions for all the players. Within Betex, users bet against each other, which is recorded in the blockchain, where everyone can have access to. The rates are taken from several liquidity providers/exchanges. Thereby, the platform is not able to manipulate results. 

Thanks to the smart contracts, users do not need to make deposits or wait for the payouts. The bets are made directly to the smart contract, and the payouts are instant to the users’ ETH wallets. 

Finally, users will be forming one shared liquidity pool for each asset, instead of creating multiple ones. 95% of funds are distributed among traders who make correct assumptions, while Betex charges only 5% commission. 

To vividly show the advantages of the common liquidity pool, Betex has already launched 2 MVPs in the test net: https://Betex.io and https://GoBet.io.

How Betex Can Be Profitable? 

Being transparent and provably fair, Betex is creating a win-win solution for traders and brokers. Traders can constantly earn by correctly indicating the short- or medium-term trend in the price change of the asset. The size of the trader’s reward is limited only by the volume of the general pool of rates and the ratio of the number of bets to each of the outcomes. 

Brokers receive a 2% commission of the total amount of their users’ bets. The larger the turnover, the more earnings a broker gets. Thereby, the white label mechanism provided by Betex allows to quickly set up the platform under their own name, as well as get technical support. 

The last but not least, investors in Betex can also profit from the exchange through participation in its ICO.  

Betex Token Sale Details

To raise funds for the platform’s development and promotion, Betex is holding an ICO campaign and selling BETEX tokens. 2.5% of the platform’s turnover will be distributed among the BETEX tokens holders, according to their investments. 

Betex pre-sale is held in 2 rounds, one of which is already live. Tokens will be issued in accordance with SAFT agreement after the pre-sale, once they are generated and registered. The details of the pre-sale can be viewed below:

Start of pre-sale round 1:

04.12.17 at 14:00 GMT

End of pre-sale round 1:

08.01.18 at 14:00 GMT or 500,000 of BETEX tokens are sold out

Pre-sale round 1 BETEX token price:

$2.00 Max amount of tokens to be sold: 500,000 out of 10,000,000 (5%)

Pre-sale round 1 hard cap:

$ 1,000,000

Min purchase amount:

15,000 BETEX

Start of pre-sale round 2:

10.01.18 at 14:00 GMT

End of pre-sale round 2:

31.01.18 at 14:00 GMT or 1,500,000 of BETEX tokens are sold out

Pre-sale round 2 BETEX token price:

$2.50

Max amount of tokens to be sold:

1,500,000 out of 10,000,000 (15%)

Pre-sale round 2 hard cap:

$ 3,750,000

Min purchase amount:

5,000 BETEX

Only qualified investors who have completed the KYC/AML process will have access to the Betex Token pre-sale. The timeframes and conditions of the general token sale will be announced later. 

Audure – The biggest automate trading solution associates Ethereum

Audure is the biggest automate trading solution, introducing its tie-up with Ethereum platform. The platform is powering the system of trading through automatic trading bots.

What is auto trading bot?

An automated trading systems or auto trading bot simplifies your trading and monitor your trade throughout the process. It is an algorithmic trading which act as an alternative person performing in your absence, indicating you all the possible signals of crypto trading.

Built on programmed language, these automated trading bots may as simple as scrolling the page or as complicated as understanding the complex coding.

What is Audure?

Audure launched an automated trading platform to simplify crypto trading. Since several months Audure is around the industry assisting crowd of traders and crypto mavens throughout the trading. The trading bots of Audure is implemented with Zeta 4 Technology, Enhanced Fibre Disk currency passage system and AY-16 2016 Auto Boost Sysntax.

The platform has already created its benchmark all around Bitcoin community and now advancing their users with Ethereum trading bot.

Audure is upgrading its trading bot with Ethereum Technology

Beyond Bitcoin trading bot, Audure enable users experience Ethereum trading bot on its platform. This implementation is trailed by profound understanding and research in a meeting conducted in November 2017. The Ethereum community experts and cryptorrency professionals examined the Eth future volume and growth.

The discussion of crypto specialists predicted that Audure implementation of Ethereum on its platform would affluence its community member and will supplement profitable opportunities.

The team excites with its new launch and encourage traders to move into the era of next biggest cryptocurrency with biggest automated trading solutions.

Stay updated with Audure’s new feature: https://audure.com/

Follow Audure on Twitter: https://twitter.com/audureworld

Join Audure on Telegram: https://t.me/audure

The New Blockchain Venture That Rewards you for HODLING Your Tokens…

If you’re heavily invested in crypto and you’ve been following the industry closely, you’ve probably heard of the famous bitcointalk post where the concept of ‘HODLING’ was first created.

Since then, the phrase has caught on worldwide. Some ‘experts’ are questioning whether or not the method is successful, while others have been quick to show their support.

But one thing’s for sure…it’s getting a lot of publicity.

Introducing HODLING to ICOs…

We’ve seen people using this method when investing in cryptocurrencies – primarily Bitcoin – but what if we brought it to ICOs too?

Well, that’s exactly what CanYa has created. It’s called The CanYa HODL Club.

In less than a year, ICOs have raised more than $3,000,000,000 – more than 30 times the amount that was raised last year in 2016.

Considering that ICOs were almost unheard of as recently as five years ago, this statistic is staggering.

However, along with the increasing popularity of ICOs, we are seeing a rapid increase in ‘pump-and-dump’ scams that companies are using to get rich fast. Unfortunately, this dissuades honest users, and drives them away from making investments in the future.

This new initiative is designed to convince their users they are here for the long-haul, and that they want their community to join them in their journey.

The premise is simple: members of the HODL club will be rewarded for the length of time they keep their tokens.

After the ICO has ended, users will be rewarded with tokens once per month for the next three months. After this, members will be rewarded with tokens every year.

There is only one catch – once you withdraw any of your tokens from the exchange, you will lose membership to the HODL club, and will no longer be able to take advantage of the rewards.

As the years progress, the number of members in the HODL club will slowly decline as people withdraw their tokens. As a result, each member will receive a higher proportion of tokens with each airdrop. Ultimately, members who stay for a longer will reap most of the rewards.

This is a brand new idea, and CanYa are the first to implement anything like it. However, reception has been overwhelmingly positive.

It might just be the call-to-arms we’ve been waiting for to convince crypto startups to put their money where their mouth is and up their game for future ICOs!

A Brief Insight into a Brand New Global Marketplace…

CanYa is the global peer-to-peer marketplace of blockchain-powered services. The platform is designed to give users the freedom to hire local experts and skilled professionals from anywhere in the world.

It is based on a trustless payment system. The marketplace is a true metoricacy – the best providers get the best work. Meanwhile, lower quality providers are left behind.

The platform was initially founded in November 2015, when the team got together and laid out a plan for a new global marketplace of services – with an emphasis on quality.

CEO and co-founder, John-Paul Thorbjornsen has stated:

“The whole point of CanYa is that it’s quite easy and you can use it as a currency in your daily life; it brings a meaningful reason for users to spend and retail their services with cryptocurrencies.”

By December 2016, the team had released their MVP. By March 2017, they had soft launched in a major Australian city.

The platform now hosts more than 4,000 service providers, including electricians, gardeners, and even crocodile wrestlers, and has over 8,000 users Australia-wide.

The Current State of CanYa’s ICO

CanYa’s ICO is currently underway. It began on the 26th November and will run through until the 26th December. This means there is only 12 days left to get involved.

The funds raised throughout the ICO will be put towards the development of their decentralized platform, and to allow the release of CanYa to the rest of the world beyond Australia.

The ICO is currently going well. So far, sales have exceeded 8,100 ETH – almost half of the 19,333 ETH hard cap. For every ETH you invest in tier 1, users will receive 1,200 CAN.

There is currently under 1000 ETH worth of CAN up for grabs before tier 1 sales end.

Their pre-sale ICO raised more than $1.5 million in less than 24 hours.

There will be an overall total supply of 100 million CAN tokens in circulation.

IOTA PARTNERSHIPS & ASSOCIATIONS SO FAR

Handy list of IOTA partnerships so far.

iota partnerships

Volkswagen source: 

https://in.reuters.com/article/us-blockchain-iota-cisco/blockchain-network-iota-teams-up-with-microsoft-others-on-data-marketplace-idINKBN1DS2EE

Cisco Source: ( please note this is unconfirmed)

https://in.reuters.com/article/us-blockchain-iota-cisco/blockchain-network-iota-teams-up-with-microsoft-others-on-data-marketplace-idINKBN1DS2EE

Samsung Artik:

Microsoft:

https://thenextweb.com/hardfork/2017/11/28/iota-microsoft-data-marketplace-cryptocurrency/

Fujitsu:

https://thenextweb.com/hardfork/2017/11/28/iota-microsoft-data-marketplace-cryptocurrency/

BOSCH:

http://www.prweb.com/releases/2017/10/prweb14822551.htm

LATTICE80:

LATTICE80, World’s Largest Fintech Hub, Partners with Germany’s IOTA on New Innovation Lab

Sopra Steria:

https://www.soprasteria.com/en/media/press-release/blockchain-and-the-iot-sopra-steria-partners-with-iota

RuuviLab:

https://lab.ruuvi.com/iota/

Innogy:

https://innovationhub.innogy.com/news-event/3lj6DX6LS0C4SyKmgEOiQq/meet-our-future-customers–machines-with-wallets

ElaadNL:

https://www.elaad.nl/news/how-elaadnl-built-a-poc-charge-station-running-fully-on-iota-and-iota-only/

Ubuntu,Canonical:

IOTA: IoT revolutionised with a ledger


Microsoft Azure BaaS https://azure.microsoft.com/en-gb/blog/azure-blockchain-update-5/
DIF:

http://identity.foundation/

Trusted IoT Alliance:

https://www.trusted-iot.org/

F6S:

https://www.f6s.com/iot/p/iota-team-up-with-f6s-on-a-10-million-dollar-iota-ecosystem-fund-
Outlier Ventures:

Why We’re Investing in…IOTA

Refunite:

https://www.cryptocoinsnews.com/iota-foundation-enters-historic-partnership-with-refugee-nonprofit/

Sirin Labs:

https://www.engadget.com/2017/09/26/blockchain-smartphone-sirin-finney-solarin/

Netobjex:

https://www.prnewswire.com/news-releases/netobjex-demonstrates-dynamic-electric-vehicle-wireless-charging-prototype-using-distributed-ledgers-and-cryptocurrency-300548157.html
Nakamo.to:

Brickblock And nakamo.to Announce Partnership To Fuse Real-World Asset Trading With The Potential Of IOTA’s Tangle Network

Blockchain Bundesverband e.V.:


RSKsmart:

Ecologie:

Home


Evernym, inc.:

UK Government plans to develop digital fund for Blockchain

In a press release today the UK government has outlined a long term approach for enhancing the country’s future generation of investment management with one of the key areas focusing on blockchain technology.

The proposal named ‘Investment Management Strategy II’, includes six areas of growth including the development of Asset Management Centre’s of Excellence at various Universities across the UK. The core aim is to strengthen the UK’s investment management pipeline in order to make the country a world leader in Fintech. It would like to achieve this through a digital fund based around blockchain technology.

The UK is often seen as very attractive base for overseas firms who wish to make use of competitive corporation tax rates. The government hopes to further entice new firms and encourage relocation of core business through regulatory incentives which facilitate growth in the blockchain industry.

Employing just shy of 40,000 people and contributing to 1% of the UK’s gross domestic product, the Asset Management industry plays a big role in Britain’s economy.

The Economic Secretary to the Treasury, Stephen Barclay, said:

The UK is a world leader in asset management, and it is vital that we keep it that way. The new Strategy for the sector outlines how we will do this, and I look forward to working closely with the industry to fully realise it’s potential.

Chris Cummings, Chief Executive Officer of the Investment Association said:

We are delighted to welcome the government’s new, ambitious Investment Management Strategy. This strategy will give asset management firms, who collectively manage the pensions of millions of British households and hold the UK’s biggest listed companies to account, a roadmap to success through Brexit and beyond.

Together with the Asset Management Taskforce, this comprehensive strategy provides the opportunity for partnership between Government, industry and regulators to ensure the UK remains the leading European asset management centre. The forward-looking agenda brings a welcome focus on the critical success factors of tomorrow, including harnessing the fintech revolution, encouraging sustainable investment and ensuring a diverse and world-leading workforce.

Domestic excellence will help to boost the industry’s export and trade contribution as the UK looks to a new place in the world. This strategy means our industry will continue to deliver the best possible outcomes for savers and for the UK economy in the years to come.

Cryptocurrency rush comes to the US trucking industry: Doft launched Pre-ICO 2.0

Silicon Valley truck-sharing startup, DOFT (Do Freight Transportation), rescheduled its ICO and launched the Pre-ICO 2.0 offering its tokens with a 40% bonus. Doft is giving out 100% of the company’s total coin supply, meaning that anyone can become an owner of Doftcoins (DFC) and enjoy the benefits of being a part of the transportation community.

The token sale is live now and will end on December 15, 2017, 00:00 a.m. UTC. Doft Bounty Campaign is also available for everyone during the whole crowdsale.

The Doftcoin token will be used to access all the services and products provided by the platform. Today Doft accepts only USD when a customer pays for the services. In the nearest future Doftcoins will become a number one payment method within the network.

Another important value of the token is scaling to other countries. Doftcoins will make the expansion process outside the US market much easier.

The total hard cap for the sale is 200,000 ETH (roughly $90 million) for a total supply of 50 million tokens. 90% of the 50 million tokens will be distributed in the Doft ICO except for 10% (5% reserved for Bounties and 5% more reserved for future mining). None of the tokens have been kept in reserve for further raises or distributed to the Doft team.

The current Pre-ICO 2.0 crowdsale will be live until December, 15, 2017 with a hard cap of 5,000,000 DFC. The second and final ICO round will be held in the early 2018.

The funds raised during the whole crowdsale period will be used for the technological improvement, business development and market expansion in the world’s 10 major countries.

When we imagine a new logistics’ era, we think of a free to use, simple, user-friendly solution suitable for every type of business which is involved in the logistics chain. No doubt, the solution should make business processes much easier and quicker, yet without breaking the habits of industry professionals who do the job every day. Doft’s solution is equally suitable for all the parties involved into the transportation chain. Whether you are a carrier, a broker, a trucker or a dispatcher, you’ll find potency as Doft covers all necessary vertical services in transportation.

About – Doft

Doft – a Silicon Valley based startup – developed a mobile app for the trucking industry that provides freight matching services. The on-demand instant freight and truck matching application has been labelled the “Uber of trucking.” Doft aims to improve the lives of truckers and provide ever-increasing value to shippers and carriers through its peer-to-peer service. Doft is changing the way American truckers and shippers work together, and now taking it further with a Doft ICO crowdfunding campaign, allowing Doft’s users to be part of the project by contributing and receiving Doftcoins, which can later be used within Doft to pay for services and goods in Doft App and Doft Store where Doft sells trucking related products.

DateCoin collected more than 688 ETH during the first days of the pre-sale

The Pre-ICO of the project DateCoin – which is the world’s first dating service that uses intelligent algorithms and neural network technology and it is based on already operating successful business model (MVP – app Denim) and has a buyback program on the blockchain – has been launched at  midnight on the 29th of November. Duribg the first few minutes of the pre-SALE of the project DateCoin collected over 527 ETH (about $244 000). For the first days of the Sael more than $ 320,000 was collected.

DateCoin – is a service of “pragmatic dating”. That’s how sites where successful men are looking for companions, and women are hoping to catch a wealthy bachelor are called. After all, if there is a demand, there will be a supply, won’t? The first wave of buying the tokens eloquently proves this fact! During the Pre-ICO DTC tokens can be bought with a discount up to 50%, the tokens are created and function on the basis of smart contracts of Ether, and it is possible to invest  BTC or ETH cryptocurrencies in the project.


What is the main idea of the project? Tinder, Mamba are also the sites for online dating and there are lots of them, but the vast majority suffer from several serious problems:

– Weak protection services. Including the risk of loss of confidential data due to negligence or hacker attacks. One wrong line in a code and all your private correspondence becomes public. We’ve been through this more than once.

-Weak free functionality of the application which implies the need for regular payments for additional services. The most advanced sites promote paid services even without your desire.

-The vast majority of accounts are fake, specially reated to extort money from you.

– And finally, it is really difficult to find the right person. And this problem can’t be solved by setting the settings and different filters.

However, the market of online dating services is changing rapidly – its global volume is approaching to $ 5 billion, and this is not the limit of growth. More and more new people join this direction, because, agree that it is so nice to look for the perfect pair, not running through the endless dates… And even nicer when an artificial intelligence do it for you! In the project DateCoin this becomes possible – imagine that you’ve always liked girls of a certain type and that you want to find exactly her… You don’t even need to set criteria starting from the size of the breast and the waist, ending with a tone of the voice. Moreover, there is no need to enter all the data manually – just upload the photo of a girl you are interested in, the rest of the work the system will do itself. Pretty cool, huh? And what about the security? Your conversations and personal data will be encrypted on the basis of end-to-end… And the fake accounts will be deleted by the intelligent system of the verification of users.

The token DTC brings not only the investment value, but also the consumer one. It means that, it is worthy not only to keep it, based on the rising cost of the token (and the rise is sure to be due to the possibility of the buyback and the total growth of this sector on the market), but it’s also worthy to spend it while having special privileges within the service.

The World’s First Blockchain Platform for Tokenized Self-Regulating Traditional Financial Assets

jibrel network logoJibrel Network focuses on bridging the gap between the crypto-economy and traditional financial infrastructure, enabling investors and users to store, send, receive and exchange assets for almost zero fees

Jibrel Network, one of the earliest Blockchain-technology startups, has just launched their token sale that will remain open to investors until 26 January 2018. The first decentralized platform to tokenize traditional financial assets such as currencies, bonds, equities and commodities on the Ethereum blockchain, Jibrel Network leverages the cost efficiencies associated with the digital assets’ storage and transaction. Launched earlier this year, they have already secured funding worth over USD 4.0 million from numerous international investors including TaaS Fund, Tech Squared, Aurora Partners, and Arabian Chain during the public token presale in September 2017.

Jibrel Network was founded to address crypto-economy’s need for regulated, safe and insured assets on the blockchain. With this goal, Jibrel Network built a team of experts specializing on the game changing concept of asset-backed tokens and smart regulations. The entire framework of Jibrel Network revolves around asset-backed tokens known as Crypto Depository Receipts (CryDRs). Utilizing these smart tokens, users will be able to carry out remittances, global payments, trading, and crypto-hedging. In order to ensure KYC and AML compliance of all token transfers on the Jibrel Network, CryDRs have also been regulation-embedded.

Highlighting the importance of the token sale, Hamzeh Kolaghassi, Operations Lead said: “ The adherence to financial regulations is the main key driver for sustained scalability, and Jibrel Network is taking all the necessary steps to ensure that our compliance is to the highest of global financial standards. We aim to partner with existing financial institutions, and more importantly, financial regulators and we are confident that this technology will become an integral part of business environments across the globe in the near future.”

Within its short lifespan, Jibrel Network has taken the role of a key innovator in their domain by creating a financial infrastructure that is expected to play a critical role in helping the industry advance. The company’s maiden product jWallet was launched earlier this month. This enterprise-grade crypto wallet solution is not only extremely reliable and user-friendly, but it also focuses heavily on maximizing user security.

The impressive show by Jibrel Network following its inception has brought together several distinguished figures from the financial and blockchain industries to support the development of the company as advisors. Particularly notable amongst them is Don Tapscott, a global leader in Blockchain and the author of Blockchain Revolution. He was named the world’s most influential leader in digital thinking, and the second-most influential living management thinker by Thinkers50. Other key advisors include Abbas EddyZuaiter (Ex-COO of Soros Fund), Ruslan Gavrilyuk (Founder of TaaS), Dr. Moe Levin (CEO of Keynote), Saul Hudson (Ex-GM of Thomson Reuters), and Mohammed Al Sehli (Founder of Arabian Chain).

Mentioned below are some of the key points related to the Jibrel Network token sale.

  • Accepted currencies are ETH and BTC
  • Accepted Fiat Currencies such as CHF, EUR, USD, GBP, DKK and SGD are also available on Bitcoin Suisse
  • Jibrel Network Token (JNT) to be offered at USD 0.25
  • The minimum and maximum investment limits are USD 50 and USD 850,000 respectively
  • The hardcap for sale is USD 30,000,000
  • Token sale supply 120,000,000 JNT

To participate in this token sale, please visit the dedicated token sale websites below:

https://sale.jibrel.network

https://www.bitcoinsuisse.ch/jibrel/

-ENDS-

About Jibrel Network

The Jibrel Network provides traditional financial assets such as currencies, commodities, money-market instruments and futures as standard ERC-20 tokens on the Ethereum blockchain. The Jibrel Network is a Jibrel AG initiative. Jibrel AG is registered in Zug, Switzerland, Qubist Labs Inc is a software development company based out of New York, US.

For more information, please contact:

Hamzeh Kolaghassi
Operations Lead at Jibrel Network
Email: [email protected]

The world’s first blockchain investment option in the oil and gas sector

With the development of the blockchain technology and possibility of creating your own tokens and cryptocurrencies, there are many fields that want to improve their work by connecting to the blockchain. This technology is not only limited to computer programs, apps and platforms. ODMCoin project want to benefit from blockchain, while operating in an industrial area.

Oil drilling mud

ODMCoin want to explore the oil and gas sector. The company will set up facilities for oil drilling mud, which is a mixture of both oil products and soil and ground particles. Over $1,000,000 was invested in research and development of technologies for processing these muds and extracting raw materials that can be used for building, electricity and fuel. Another distinctive feature is the development of unique process that lets recycle the mud right on the working side, without any need for special storage and transportation to recycling factories. Not only the project aims to just obtain these products, but it’s all done with the idea of clean and safe for environment improvements in industrial field. Usually, such companies care only about profits, while ODMC wants to introduce innovative production technology with ecological environment in mind.

It’s also worth noting, that this project’s whitepapers are very detailed, and explain from the technical but also easily understandable the whole process of drilling the mud and the technologies used for it. This for sure acts as a huge advantage and shows to the potential investors that ODMCoin know exactly what they are doing.

Clean Country

While we are at the environmental aspects of the project, ODMCoin want to be a part of the Clean Country project, which is a high priority Russia project, officially accepted and implemented by the government. But taking into consideration the problems with oil mud storage that other countries struggle with too, the project may become a solution of environmental issues in the whole world.

Blockchain Industrial Club

One of the main features and benefit for a token holder, will be a membership in a Blockchain Industrial Club, possibly the first of its kind, that will connect companies focused on revolutionizing the industrial business with the help of the blockchain technology. They will develop their own tokens, which will give a right to receive company’s profits. BIC is a platform to regulate the interaction among participants of the ODMCoin project and token holders and it mutual work on the development and prosperity of the project. As an advantage acts the fact that it is developed to make secure transactions with the help of smart contracts and escrow agents.

Product for investors

To strengthen the promise that the holder of the token, by supporting the project financially on the very early stages of the development, becomes also in a way a co-owner of the company. ODMC is taking it rather seriously and are ready to share the drilled products directly with the investor. Each investor has a possibility to receive the finished products like oil, gas or construction materials. This may encourage even big corporation, which are related to the trade of such products to invest in ODMC, leading to a very successful ICO phase.

ODMC Token

ODMCoin will be Ethereum based, meaning you can store it with your other ICO coins in most of Ethereum wallets. It will be directly related to the drilling project and profits of the company, but also it’s worth noting that this token can be used to possibly bigger project, which is Blockchain Industrial Club, as BIC token also gives a right to receive 20% club profits and 80% from industrial company profits, which holder has a token for.
Also to maintain the prosperity of the token’s price, ODMCoin will buyback a particular amount every month.

ICO

The pre-ICO phase has already ended and turned out to be rather successful. ODMCoin have raised and met the goals they had set. These funds will be mainly used for the preparation of the final ICO phase, the whole marketing and PR campaigns and any other expenses of the early preparation stage. The main ICO phase stars on the 1st December, 2017 and will last a month, ending on the last day of 2017. With these funds, the team will be able to start fully developing the projects just from the very beginning of 2018.

The team

ODMC team is Russian based. It especially focuses on specialists to deal with the management and technical side of the whole drill mining process. Also there are experienced international advisers, like Ludmila Golubkova (Managing partner of Starta Capital and Starta Capital Accessor Fund), supporting the team.

Final Thoughts

The project has an advantage of focusing on real assets and direct work. ODMCoin team seem to know a lot about the whole technical process of drilling and have the environment’s safety in mind at the same time.