Cosplay Token partners with blockchain-based digital identity management platform, SelfKey.

With the launch of their Crowdsale over the weekend, Cosplay Token partners with SelfKey, a self-sovereign identity system that is secure and efficient for participants to complete their Know Your Customer (KYC).

Participants to the Crowdsale will only need to set up their SelfKey ID once by providing their personal details and KYC documents such as a Passport, ID Card, Driver’s License, Proof of Address or a Selfie.

According to SelfKey, “All data and documents are stored locally in your device – not in a SelfKey server or in the blockchain. No one has access to your information but you and it can never be shared without your consent.”

Cosplay Token will unlock the potential of the $45bn dollar industry as a payment currency and as a reserve for the creation of Player Coins within the community.

Together with SelfKey, Cosplay Token is set to create a safer and more trustworthy environment for everyone involved in the cosplay-sphere.

The Cosplay Token Crowdsale is now live until the 1st of September (23:59 UTC). All participants will be rewarded with a generous bonus of 10% until the 11th of August.

All participants to the Crowdsale will also be eligible for special bonuses after the ICO when they pre-select their desired vesting period, setting aside a portion of Cosplay Token (COT). The total amount of COT including bonuses will be distributed after the Crowdsale. The bonus structure is as follows:3 months: +10% bonus
6 months: +20% bonus
12 months: +30% bonus
24 months: +40% bonus

Therefore, it is far more rewarding to secure COT in a longer vesting period for more rewarding bonuses.

To find out more about Cosplay Token, visit https://cot.curecos.com/token-sale/ and complete your KYC with SelfKey to join the whitelist. Join the community at https://t.me/cosplaytoken and reach out to them at [email protected].

Nestlé taps blockchain to track milk from farm to mouth

Food giant Nestlé Nestlé envisions real-time trackable products on the blockchain tracking baby food from source to mouth

NESTLE LOGONestlé, the largest food company in the world is tracking baby food products on the blockchain as part of a food industry exercise with nine other major food companies.

 

UPDATE: Nestlé has confirmed that Phase 3 of the Blockchain trial will testing products outside of the US which will be Mangoes from Columbia. The Phase 1 test last year on Libby’s product with single ingredient: pumpkin

 

The Blockchain implementation will be used to track the ingredients of its baby food product Gerber, with the goal of reducing food recalls and increasing consumer trust. Customers will be able to trace the origins of all ingredients and see where they have come from on a public ledger.

NESTLE baby food blockchain

 

Speaking to CIO Journal’s Kim S. Nash, “People want to know, quite rightly, where ingredients they give to their baby have come from,” he said.

 

 

“Nestlé tracks ingredients across Blockchain from suppliers to Babies mouths”

The Swiss headquartered company is working in conjunction with nine other major food companies including Walmart Inc, International Business Machines Corp and rival Unilever PLC to develop a system called Food Trust which leverages blockchain technology to create a single record shared among the firms to speed up investigations of bad food or products that are recalled.

The Nestlé blockchain experiment is making progress but is still in its early stages as the whole supply chain infrastructure requires redevelopment.This includes shipping, processing, trucking and many software stages currently used.

The supply chain industry is one of the hottest areas where Blockchain can be implemented. Just earlier this year a food scare saw twelve million boxes of baby milk being recalled in a salmonella scandal by French dairy giant Lactalis. With Blockchain technology implemented into the supply chain process food recalls, ingredients, shipping, tracking and other areas become transparent and subsequently prevent and quickly resolve such issues.

Earlier this year the UK’s Food Standards Agency trialed blockchain technology to ensure compliance in cattle slaughterhouses, one of the many governments and large companies around the world who are also looking into the benefits of the blockchain.

Crypto Trading Platform Radar Relay secures $10M Series A funding from Top Investment Firms

Radar Relay secures investment from Blockchain Capital, Tusk Ventures, Collaborative Fund, Distributed Global, and Reciprocal Ventures and others support in series A funding of $10 million dollars.

Radar Relay, the wallet-to-wallet decentralized trading platform, has announced the successful completion of its Series A funding round of $10 million USD. Led by Blockchain Capital with contributions from leading investment firms Tusk Ventures, Distributed Global, Reciprocal Ventures, and Collaborative Fund, among others, the raise will support the development of new product research, strategic hiring, and global expansion of the Radar Relay platform.

Radar Relay CEO Alan Curtis said: “The support from these leading venture capital and investment firms — many of whom also participated in our seed funding round last year — validates our progress towards onboarding the world to the token economy. Executing on our mission may take time, but with their support and industry knowledge, we can build an enduring, multigenerational company.”

Founded in 2013, San Francisco-based Blockchain Capital is one of the most established and active venture investors in the blockchain space. In March 2018, Blockchain Capital raised $150 million USD for its fourth fund, bringing its total value of assets under management to $250 million USD. Since its inception, Blockchain Capital has helped finance leading blockchain companies, protocols, and tokens such as Circle, Coinbase, ShapeShift, and Kraken.

Blockchain Capital Partner Spencer Bogart said: “The Radar Relay team has consistently demonstrated a superior ability to execute, ship, and deliver product that exceeds expectations and pushes the industry to higher standards. While Radar’s delivery to date has been exceptional, the most compelling aspect is Radar’s upcoming product roadmap and the opportunity ahead. Ultimately, this is a proven team executing against a high-conviction opportunity and I am thrilled to lead the Series A and join the Board.”

Tusk Ventures is a New York-based venture capital and political strategy firm dedicated to helping emerging technology businesses navigate complex regulatory landscapes. Founder and CEO Bradley Tusk notably served as Campaign Manager for former New York City Mayor Michael Bloomberg during his successful third-term campaign in 2009. Tusk and his venture capital firm have since provided political, investment, and operational guidance to more than a dozen successful startup companies including Uber, Circle, FanDuel, and Bird.

Tusk Ventures Managing Partner and Head of Investments Jordan Nof said: “Decentralized exchanges represent the next wave of innovation in cryptocurrency trading. We were highly impressed by Radar Relay’s focus on building an intuitive product for mainstream adoption and their commitment to proactively working with regulators to ensure a proper framework is established. We are excited to partner with Radar Relay and support the team’s regulatory strategy as they continue to grow their business and become the industry standard peer-to-peer trading platform.”

Other participants in Radar Relay’s Series A funding round include Distributed Global, Reciprocal Ventures, Collaborative Fund, Elefund, Slow Ventures, SV Angel, Kindred Ventures, Breyer Capital, Digital Currency Group, V1.VC, Kokopelli, Village Global, and Chapter One.

Since launching in October 2017, Radar Relay has welcomed thousands of users from 150 countries to its platform, onboarded 170 tokens, traded more than $150 million USD in volume, and grown its team to almost 30 employees.

For more information visit the Radar Relay blog post or radarrelay.com.

Pundi X technology to debut in the Gulf and Middle East following partnership with ebooc

Pundi X partnership targets rollout of NexGen POS devices to customers across the Middle East for payment of bills, school fees, utilities and more

Pundi X logoPundi X, the leading developer of a blockchain-based point of sales (“POS) allowing consumers to pay for real goods in multiple cryptocurrencies, will make its debut in the Gulf and Middle East following a partnership with the country’s first regional fintech company: ebooc.

Ebooc and Pundi X will work closely on developing digital payment gateway services for governments, financial institutions and major corporates in the Gulf and Middle East as well as broader business lines such as blockchain-based customer loyalty programs and NFC contactless payment options.

The collaboration will bring consumers in Dubai, UAE and the broader Middle East and Gulf region the ability to conduct real time commerce through digital payments using their mobile wallets, eliminating the need for traditional payment methods.

This technology also has the potential to transform value-added tax (VAT) collection for governments in the Gulf and Middle East as blockchain technology allows for instant computation and collection of a recently-introduced VAT in the region. Ebooc forecasts the introduction of instant VAT computation as holding major benefits for merchants and governments alike and bringing substantial efficiencies in reduced manpower devoted to audits, assessments and implementation.

PUNDI X TEAM

Signing MOU between Pundi X CEO and co-founder Zac Cheah (sitting left) and the CEO of Digital Force and co-founder of ebooc Abdalla Al Shamsi (sitting right) in Jakarta

Standing (L-R) Michael Lawal Business Development Manager at Pundi X, Rudy Danandjaj CEO of Infinite Mobile & President Commissioner of E2Pay, Pundi X President, Constantin Papadimitriou, MD Bchain, and ebooc co-founder Sunil Malhotra

Ebooc and Pundi X will provide several other uses for consumers such as making retail payments; paying for government services, fees and fines; utilities and bills; telecommunication bills and school fees on POS devices running a stable, digital equivalent of traditional fiat currencies in the region.

The two companies will rollout secure and seamless payments to clients and customers via a single NexGen payment portal, offering increase functionality at substantially lower running costs to market leading solutions.

The move brings Pundi X’s world-leading, blockchain-based POS technology, XPASS card and e-wallet to the Gulf, Middle East and North Africa region for the first time with ebooc as the official partner under the terms of the strategic partnership agreement as executed.

Following meetings in Dubai and Jakarta, a Memorandum of Understanding was signed between Pundi X CEO and co-founder Zac Cheah and the CEO of Digital Force and co-founder of ebooc Abdulla Al Shamsi, to commit to the deployment of a soon-to-be-announced number of Pundi X devices across the Middle East.

Abdalla Al Shamsi said: “We envisage consumers in the UAE being granted the ability to make retail payments for school fees, utilities and other necessities from a world-leading blockchain-based POS device provided by Pundi X”.

Cheah said: “We are delighted by this partnership in a nation-state that has long been considered a by-word for modernity and innovation.

“This latest project confirms that Dubai is yet again a source of global leadership, this time in the emerging field of blockchain-based payments technology, with the potential to forever change the way consumers make secure, digital payments.”

Sunil Malhotra, the Managing Director Bchain and co-founder of ebooc said: “An ebooc – Pundi X partnership will deliver a differentiated customer experience through innovative features, seamless integration, loyalty solutions, enhanced security and greater convenience to Governments, businesses and consumers in Dubai, UAE and the region to make financial transactions on the NexGen platform in a smart way, bringing together various service providers under one platform.

“There is no better way to announce Pundi X’s arrival in the Middle East and North Africa than with a partnership with ebooc in Dubai – the region’s technology hub”.

ebooc, from the Arabic word for e-wallet, is the first Emirati fintech company to establish a presence across the broader region. It aims to provide a secure and seamless payment experience to clients and customers which runs on NexGen technology as a decentralized, distributed ledger which creates trust, improving efficiency levels. Its solution for retail outlets can be channeled to the governmental organizations, creating a high level of trust and transparency.

Pundi X (Currency: NPXS), a multi-cryptocurrency point-of-sale (“POS”) solution provider, empowers blockchain developers, exchange platforms, crypto traders and token holders to buy, sell, and spend cryptocurrency at any physical store in the world. The company’s solution also enables the retail store owners who are seeking to accept digital currencies so that they can do ‘cryptocurrency to fiat’ or ‘crypto to crypto’ transactions for the mainstream consumers.

The company is aiming to roll out more than 100,000 blockchain-based POS devices worldwide in a major challenge to the status quo of the US$ 2.2-trillion global retail payments market.

Headquartered in Jakarta, Pundi X has offices in London, São Paulo, Shenzhen, Singapore, Seoul, and Tokyo.

Almonds on the Blockchain? Australian Commonwealth Bank blockchain collaboration shipped & tracked nuts

commbankYes! you read the headline right – Blockchain and Nuts made the perfect blockchain experiment 

Despite the blockchain market is still young and vulnerable, the distributed ledger technologies have already penetrated different industries to prove they are here to stay.

The most recent example is the successful blockchain collaboration between the Australian Commonwealth Bank and five local and international logistics companies to ship and track seventeen tonnes of almonds from Sunraysia in Victoria, Australia, to Hamburg in Germany.

almonds packed with protein

A team of high-qualified experts from the Commonwealth Bank’s Innovation Lab, trade specialists, and IT professionals came together to start the so-called Trade-chain experiment two years ago. The idea was to showcase how an innovative blockchain platform backed by distributed ledger technology and the internet of things (IoT) can facilitate the trade experiment by tracking the shipment from its home country to the final destination simultaneously to existing processes. How did it work?

Firstly, the blockchain platform digitized all the main aspects of international trade – operations, documentation, and finance. It stored all the container details, including the task list and the shipping documents on a tailor-made, private Ethereum blockchain. Any authorized partner in the process was able to monitor the location of the shipment. Furthermore, it was possible to double-check the conditions inside the container, such as humidity and temperature via four IoT devices. In addition to that, the blockchain technology allowed dedicated team members to upload various documents required by the customs – a bill of lading or proof of origin, for instance.

australia to germany almonds

The main aim of the project was to explore the diverse opportunities blockchain technologies and IoT offer to improve the shipping industry and to meet its increasing demands for the future, and to increase the transparency between all parties involved. Chris Scougall, Managing Director of Industrials and Logistics in Client Coverage at the Commonwealth Bank commented:

‘’ We believe that blockchain can help our partners reduce the burden of administration on their businesses and enable them to deliver best-in-class services to their customers.”

It is worth mentioning that this is not the first blockchain-enabled global transaction for the Commonwealth Bank. In 2016, it teamed up with the US bank Wells Fargo to lead the first international trade transactions between two independent banks worldwide. They used a combination of emerging technologies, including blockchain, smart contracts, and IoT to deliver cotton from Texas, the USA to Qingdao, China.

LocalCoinSwap ‘set to revolutionize peer-to-peer cryptocurrency trading’ after successful ICO

LocalCoinSwap (LCS) has released official figures from their recent ICO, with $12,151,457 USD raised and 47,732,420 LCS sold and distributed. The token burn count was 27,267,580.  In addition, they have announced that they successfully implemented the following new currencies on the exchange: ETH – BTC – LTC – DASH – BCH – ETC – Monero – Ripple – EOS – Tronix – Tether – VeChain – Binance – PowerLedger – Decision Token – Golem – Walton – Skrumble – Havven – Nomin.  This means the exchange will now open with a minimum of twenty currencies as opposed to the ten we originally promised. There are also 8,000+ users registered to get into the exchange which will be launched in August 2018.

Chief Operating Officer Daniel Worsley said,

“We are working towards the launch of our exchange platform which will be peer-to-peer, inclusive and accessible, to any trader in any location.  We will be offering trading out of fiat in every currency, as well as rewarding the community with dividends, so we are confident that our offering is unique in the marketplace.

LocalCoinSwap are also finalising new partnerships to strengthen their offering ahead of the exchange launch.

“We are working on new strategic collaborations continually”, Chief Marketing Officer Val Nantelov said, “including negotiating an exciting partnership with World Economic Forum Technology Pioneer Horizon State – their application truly aligns with our mission to be the most democratically-run, user-controlled exchange platform out there, by enabling decentralized decision-making which empowers every participant. We’ll be sharing new updates about this evolving collaboration very soon.

“All our partnerships are aimed at improving the robustness and effectiveness of the exchange for our users, who are also the shareholders”, he continues, “much like the decision to collaborate with Havven, and use their stablecoin (NOMIN) as a price risk management tool to optimize the value of the LCS token and community venture fund. We want to ensure a completely safe, scalable and powerful platform is created, that meets everybody’s trading needs.

The LocalCoinSwap platform is designed to enrich the entire community and is the only marketplace that distributes 100% of its profits back to its community, and allows the community to vote democratically in its operation.  It is a community-focused and community-owned marketplace. LocalCoinSwap is also the most financially transparent exchange on the market, with regular public announcements detailing exact revenue and expenses, all wages and all forms of income.  All contract code used by LocalCoinSwap is open source and publicly viewable on our GitHub.

Further information is available at www.localcoinswap.com or for images and comment, please contact: Nathan Worsley, CTO  [email protected]

 

Iranian Coin Bad for Crypto says Modulus Global CEO

“Less than two weeks after the industry kicked back against statements made by Congressman Brad Sherman, Iran’s government is angling to prove him right. He’s wrong, of course. It is utterly ridiculous to paint an entire industry with the broad brush of crime and corruption. But, undeniably, the industry needs to work harder to prevent the malfeasance of bad actors,” said Richard Gardner, CEO of Modulus Global.

“Fraud is bad — really bad. But what’s brewing in Iran will make industry enthusiasts yearn for the scandals of Turcoin. Fortune, yesterday, reported that Iran is moving ahead with a national cryptocurrency. Let’s be clear: Iran is no friend of crypto. After considering the use of Bitcoin last year, the country’s central bank torpedoed the idea, as well as the general concept of digital currency. Then, in an even more extreme move, they began clamping down on financial institutions involved in crypto. It is said that the action was taken to stop capital flight. Iran’s policy, clearly, was driven by national interest and worry over the strength of its fiat currency — not technology. And, now, as the country begins to signal its openness to cryptocurrency, it is driven by fear of sanctions. If Iran does, indeed, move forward with a national cryptocurrency, the whole industry should find itself uncomfortable with the arrangement,” continued Gardner.

Shortly after the firing of the former governor of Iran’s central bank, Alireza Daliri, who hails from the technological directorate of the Iranian Presidential Office, has been quoted as saying, “We are trying to prepare the grounds to use a domestic digital currency in the country. This currency would facilitate the transfer of money (to and from) anywhere in the world. Besides, it can help us at the time of sanctions.”

“Since 1984, Iran has been considered a state sponsor of terrorism. If and when the country launches its own cryptocurrency, it will, undoubtedly, be used to that end. Brad Sherman has made a lot of outrageous claims about cryptocurrency, but if the community does not wholly condemn this terrible, and likely tragic, misuse of the powerful technology within our industry, the industry will, in the court of public opinion, become complicit in the misdeeds of a nation which is an enemy to the libertarian ideas from which the crypto revolution was born. In closing, I would call on the rest of the crypto industry to denounce the actions of the Iranian government as contrary to the spirit of our industry. This is one moral test which we cannot fail,” concluded Gardner.

Neluns – New generation financial ecosystem

The Neluns team recently announced it’s ICO, which will be held in three stages (rounds): Pre-Sale, Pre-ICO, ICO. The mission of Neluns is to create an innovative financial ecosystem combining within itself a bank that works with fiat as well as cryptocurrencies, a cryptocurrency exchange, and insurance company, thus, creating the most beneficial conditions for the quality development of the cryptocurrency market.

Main project features

The Neluns ecosystem includes:

  • Neluns Bank – new generation bank, providing all key banking services with fiat and cryptocurrencies.
  • Neluns Exchange – an innovative cryptocurrency exchange, making secure and fast cryptocurrency trade operations accessible.
  • Neluns Insurance – an insurance company, allows for any transaction_ and trade_ carried out by ecosystem users to be secured.

Within the Neluns ecosystem users can:

  • Buy and sell cryptocurrencies in a few clicks.
  • Carry out active cryptocurrency trading on the exchange.
  • Make deposits and withdrawals into the system from any part of the world in just a few clicks.
  • Open an IBAN account – private or corporate multicurrency accounts.
  • Issue debit and credit Visa, MasterCard, American Express cards.
  • Instantly send and receive international money transfers.
  • Store funds in Neluns deposits in fiat or cryptocurrencies and gain interest.
  • Receive loans from Neluns in fiat and cryptocurrencies.
  • Gain profits by lending out funds at interest on a Peer-to-peer (P2P) Lending Platform.
  • Insure any trades.
  • Draw profits from trading NLS tokens on cryptocurrency exchanges.
  • Receive dividends.
  • Active market participants will be able to increase their profits and lower risk levels.

Neluns bank presents a broad spectrum of services for personal and corporate goals. While at the same time, all operations are conducted in fiat and in cryptocurrencies.

After opening a multicurrency account, Neluns users will be able to carry out operations in USD, EUR, GBR, as well as in cryptocurrencies. A bank card will accompany the multicurrency account.

We have developed four types of software products and bank cards for our users: Lite, Silver, Gold, Platinum.

Carrying out payments, purchasing and selling cryptocurrencies, and fund withdrawals from any ATM in the world will be available 24 hours a day 7 days a week.

In the Neluns Bank, users will be able to receive loans in fiat and cryptocurrencies, make interest yielding deposits. Bank deposits are FDIC (The Federal Deposit Insurance Corporation) insured. A P2P fiat and cryptocurrency lending platform will function at the base of Neluns Bank. Authorized users will be able to receive and provide loans to other users.

The use of the “Bank guarantee” principles allows us to create a new, high-quality cryptocurrency exchange, the Neluns Exchange. The combination of this principle with the use of innovative technologies, which allow easy fund withdrawals, high levels of protection from cyber attacks, and continual operations even under peak loads, creates the best conditions for cryptocurrency traders and funds.

Neluns mobile application for iOS and Android devices will make bank and exchange operations accessible at any time from any part of the world. While around the clock support services will instantly solve all users’ issues.

The Neluns team aims to minimize risks and carry out the project in accordance with all legal norms. We are working on acquiring a bank license. The Neluns Bank will adhere to all financial regulatory requirements, which licensing and supervisory activities over banks. The Neluns exchange and insurance company will also be registered in accordance with all regulatory requirements. The Neluns Exchange will carry CFTC (U.S Commodity Futures Trading Commission) and SEC (U.S Securities and Exchange Commission) licenses.

About the Initial Coin Offering

The NLS token is created in accordance with the ERC-20 standard, it is a security token, and will provide its holders with 50% dividends based on the Neluns ecosystem (Neluns Bank, Neluns Exchange, Neluns Insurance) profits.

Dividends will be distributed quarterly in accordance with the number of tokens one holds compared to the total.

Aside from this NLS token holders will have access to bonuses and privileges when using Neluns ecosystem products. The more tokens one holds, the greater are his privileges.

  • During the ICO, 200 000 000 NLS tokens will be released
  • Base price of 1 NLS token = 1 USD

In accordance with the law, in 15 days from the start of the first stage (round) of ICO, the Neluns team will send an official notification (Form D) announcing the start of the ICO to the SEC (U.S Securities and Exchange Commission).

ICO stages (rounds)

Pre-Sale

Hard Cap – $2.000.000

Soft Cap – $500.000

1 stage (round), pre-sale, stage (round) length 14 days, from 08-01-2018 to 08-15-2018.

bonus 30%

extra-bonus 40% investment of more than 1 ETH in one transaction

extra-bonus 50% investment of more than 10 ETH in one transaction

Pre-ICO

Hard Cap – $10.000.000

Soft Cap – $2.000.000

2 stage (round), pre-ICO, stage (round) length 21 days, from 08-15-2018 to 09-05-2018.

bonus 20%

extra-bonus 30% investment of more than 1 ETH in one transaction 

extra-bonus 35% investment of more than 10 ETH in one transaction

ICO

Hard Cap – $112.000.000

Soft Cap – $10.000.000

3 stage (round), ICO, stage (round) length 31 days, from 09-05-2018 to 10-05-2018

bonus 10%

extra-bonus 20% investment of more than 1 ETH in one transaction

extra-bonus 25% investment of more than 10 ETH in one transaction

Projects Website: https://neluns.io/

White Paper: https://neluns.io/static/ver165/whitepaper/whitepaper.pdf

E-mail: [email protected]

KuCoin Cryptocurrency Exchange Platform Is Announcing The Listing Of DACC Today

A new blockchain based content platform, Decentralized Accessible Content Chain, has listed their native and transaction currency DACC to the leading cryptocurrency exchange platform, KuCoin.

Deposits are now available utilizing KuCoin’s official apps on Android and iOS or direct to their website, www.kucoin.com. Buying will start at 19:30 pm UTC+8 while selling/withdrawal at 20:00 pm UTC+8.

DACC kucoin

About Decentralized Accessible Content Chain (DACC)

DACC is the world first decentralized IAM (identity and access management) based content blockchain with exceptional blockchain infrastructure and complete developer tools and templates to build any content related to DAPP. DACC is devoted to solving the concerns of unclear and abuse of content and user data rights in the digital media business.

The project’s core team members recognized as from famous institutions such as MIT, Harvard, CMU, Tsinghua with substantial experience in blockchain and software. DACC has also garnered an impressive list of early investors and partners such as TRON, Consensus Capital, D Fund, Crypto Capital, Block VC, Kim’s Capital and more.

DACC (“DAC”) has a top-notch international blockchain core community, 128 world-class advisors, and investors with backgrounds in the blockchain, investments, technology, and law. DACC’s foundation partner, Sky, is the co-founder of the 3 AM community and 499 Community. DACC not only has China’s largest community support but also has hundreds of thousands of foreign community supporters.

About KuCoin Cryptocurrency Exchange

KuCoin is a cryptocurrency exchange begun on September 15, 2017. The platform uses KuCoin Shares (KCS) in a related way to Binance. Users acquire a discount on trading charges when they use KuCoin tokens.

Overall, KuCoin intends to be a more user-friendly exchange than traditional exchanges available at present. The platform shares 90% of transaction fees with users, for example. They also offer 24/7 customer service and generous referral bonuses.

KuCoin has also been recognized for posting coin pairs before they operated other major cryptocurrency exchanges. The website highlights a list of coins scheduled to be added on their platform.

ProtonMail ICO rumours “unsubstantiated”

ProtonCoin rumours are “unsubstantiated” says firm

Over the last few days rumours have been circulating across social media and various crypto publications suggesting ProtonMail are exploring the idea of Initial Coin Offerings to raise funds for their project ProtonCoin.

These rumours were based on the firm registering the domain name ProtonCoin.com back in 2017 and more recently the launch of the website last month.

The website ProtonCoin.com says it wants to fulfill several goals, some of which include enabling the public to participate in the growth of ProtonMail, increase privacy and security and decentralise the organisation.

ProtonMail surprisingly quashed the rumours via a Reddit post on the official Subreddit saying they were “unsubstantiated” and “have made no announcements on this topic”. They also went on to also confirm that the domain ProtonCoin.com was owned by them.

https://www.reddit.com/r/ProtonMail/comments/91fxi8/regarding_protoncoin_rumors/

The post further explains that ProtonMail has registered multiple domains to protect their trademark and it should not be taken literally or suggest that they are signalling an immediate ICO launch.

Despite this clarification the Reddit post still leaves many questions unanswered. On one hand you have a ProtonMail owned website that is explaining the benefits of implementing blockchain technology whilst on the other an official statement that downplays this message.

It gets even more confusing reading the questions and responses on the Reddit post, as it has been uncovered that ProtonMail recently posted that they have sought advice from the Swiss government on tokenising the company stock, specifically on the blockchain (also known as equity crowdfunding) not a traditional ICO.

ProtonCoin

Despite dabbling in the benefits of blockchain technology and funding avenues it seems nothing is certain at the moment and ProtonMail are not ready to go public with their blockchain related endeavours, if any.