10 Best Online Trading Platforms & Apps in Nigeria (2020)

Review of Huobi Global Exchange

Review of Huobi Global Exchange

HUOBI GLOBAL

A GLOBAL CRYPTOCURRENCY LEADER SINCE 2013
https://preview.redd.it/vj0kjfa6zay41.png?width=602&format=png&auto=webp&s=730841e36308f723e27b28e394dc2259a7d5d150
Its an exchange we can trust and trade on. Its packed with state of the art features and tools which any trader would love. It helps a trader to get so many products under a single umbrella. A single Huobi Account gives way to so many opportunities no one wants miss out. Its the most secured exchange in the world, in its operations since 2013 it has not been hacked and has user protection fund amounting to 20000 BTC. It always emphasizes on user safety and customer protection, thats what I love the most. Customer satisfaction has been its prime motto since its inception. We should give it a try as its always filled with lots of promotions and rewards for trading and participating in activities.
Lets take a look deeply how this exchange offers so much innovative and state of the products and how it fares compared with other top exchanges.
As a world-leading company in Blockchain industry, Huobi Group was founded in 2013 with a mission to making breakthroughs in core Blockchin technology and the integration of Blockchain technology and other industries. Huobi Group has expanded in to public chain, digital assets trading and wallet, mining pool, proprietary investment, incubation, Digital Asset Research etc., and established a global digital economy industry ecosystem, by investing in over 60 upstream and downstream companies in the Blockchain industry. Huobi Group is working with Argentina, Russia, Thailand, Nigeria and many other countries on the development of Blockchain technology and real world Blockchain applications.
Since its establishment, Huobi Group has been financed by ZhenFund and Sequoia. As a digital assets service provider, Huobi is far ahead of its competitors in establishing a global network of licences. It has over 1300 employees and established subsidiary companies and partnership companies in 12 counties, including the US, Japan, Thailand, Gibraltar, etc. The Huobi team is dedicated to providing safe, professional, trustworthy, and world class services to its global clients across 130+ countries.
Core Strengths of Huobi
A World Class Security System
· Secure and reliable class services
· Six years of experience in digital asset services
· Decentralized structure and anti-DDOS protection system
Local Operation Teams across the Globe
· Global Ecological Layout
· Local trading service centers in many countries around the world
· Blockchain ecosystem featuring integration of multiple business forms
Remodelling the Crypto Exchange
· Users first
· Develop compensation first system
· Develop User Protection Fund (20,000 BTC)
Now let’s take a look at the Exchange and its features

https://preview.redd.it/qoo3u6gezay41.png?width=602&format=png&auto=webp&s=ea22a9512fb6b6e4c8309cab8611c60904b2e46b
Huobi has one of the best UI for an exchange. Its really very smooth and easy to operate. It has integrated all the trading options and users can easily understand and operate it. The chart has all the options and function, it supports trading view also.
Huobi OTC
Huobi OTC Desk is an OTC (over-the-counter) trading service provided by Huobi Technology (Gibraltar) Co., Ltd for both institutional clients and individual clients with large trading volumes. This service allows our eligible clients to trade crypto-to-crypto and fiat-to-crypto pairs via request for quotes. Huobi OTC (otc.hbg.com) offers an exchange bridge between fiats and digital assets while Huobi Global (www.hbg.com) is a digital assets trading exchange that supports exchanges or investment services between various cryptocurrencies.
Huobi OTC (otc.hbg.com), serving an affiliated website of Huobi Global (www.hbg.com), is a platform devoted to over-the-counter trades of digital assets. You can buy/sell your digital assets by posting a buy/sell advertisement on Huobi OTC and then complete transactions with the other party so as to exchange your digital assets with fiats. Huobi OTC offers an aggregated display of buying or selling info and the actual payment is transferred and completed offline.(In other words, Huobi OTC provides escrow on digital assets)
Being an OTC digital asset platform with a leading turnover, Huobi delivers services to millions of users in over 130 countries with billions of daily turnover. Supporting fiat-crypto trading in many countries and seamless connecting to crypto-crypto trading, it provides trading of over 100 digital currencies. Being the first platform to deliver 7x24 customer support, it boasts professional services, rapid response and certified merchant security deposits to meet various demands.
Huobi DM (Futures)
Margin Trading
Huobi Global launched Huobi Derivative Market (Huobi DM) exchange to selected countries. It provides margin trading, with very low daily loan interest rates of 0.1%. Margin Trading allows users to increase their investment exposure given a limited base principal to enjoy multiple returns. With the introduction of Cross Margin on Huobi, users will have to explicitly input the respective margin type before executing the above 3 steps. Balances on the Cross Margin balance does not show on the Isolated Margin balance.
Huobi Futures
Huobi Futures is a kind of digital currency derivatives. Users can make a profit from the rising/falling of digital currencies prices by going long or selling short based on their own judgment. The Huobi Futures Contract adopts spread delivery. When the contract expires, all open positions will be closed at the index-based last-hour arithmetic average price, instead of physical delivery. Weekly, bi-weekly and quarterly contracts are available in Huobi DM. Weekly contracts will be settled on imminent Friday; Bi-weekly contracts will be settled on next Friday; Quarterly contracts will be settled on the last Friday of March, June, September and December. Choices of leverage: 1x, 5x, 10x, 20x
Huobi Perpetual Swap
On March 27, Huobi DM announced it entered into the realm of Perpetual Swaps through its well-established Huobi Derivative Market (DM). Derivative trading has become a popular and lucrative way in the cryptocurrency space, and Perpetual Swaps, as a kind of derivative product, is another way for traders to arbitrage better positions.
Perpetual Swaps are a form of futures contracts but there is no expiry date on these contracts.
Similar to futures contracts, perpetual swaps are standardized contracts that allow traders to long a position to profit potentially from the increase of a digital asset’s price, or short a position to profit potentially from the decline of a digital asset’s price. However, there are some uniqueness in perpetual swaps.
§ No delivery and therefore no expiry date
§ Funding mechanism Settlement in every 8 hours
There exist perpetual swaps already in crypto derivatives market. But what really makes Huobi’s Perpetual Swaps different at this launch is that they are a unique form of contract called inverse contract. Inverse perpetual contracts are also called coin-margined perpetual swaps which are quoted in USD but margined &settled in the given cryptocurrency.
Besides, the perpetual swaps can offer greater flexibility of fund. Your profits and losses are realized and settled three times a day, allowing you to leave the game and allocate your fund for other uses almost any time you desire.
Flexible leverage from 1x to 125x is also a plus on Huobi’s BTC perpetual swaps.
Partial Liquidation
Partial liquidation is a new mechanism that gradually reduces a user’s positions rather than liquidating them in full in a single event. With the new mechanism, the system will automatically start liquidating a user’s positions in stages—at predetermined margin ratios determined by the user’s calculated exposure—until the margin ratio reaches above zero. The liquidation process also includes a circuit breaker function that halts liquidation when large or unusual deviations between the liquidation price and market price are detected.
All coins and leverages on Huobi DM are supported by partial liquidation, and the mechanism is available to users with no fees. Huobi DM also lowered its overall adjustment factor, also named maintenance margin ratio, a key liquidation indicator that directly impacts how margin ratios are calculated, to reduce the frequency of liquidation events.
HUSD
In order to maximize the value of stablecoins to meet the various trading needs of users, Huobi Global is now providing a comprehensive and integrated solution: HUSD.
HUSD is a comprehensive solution for all stablecoins.
Three advantages of HUSD
  1. Safer and more convenient-to avoid single stablecoin risk, and seamless handover between stablecoins.
  2. More stable for stored value-the Huobi bears the risk of instability of stablecoin.
  3. Convert with no cost-remove the commission fee between stablecoin conversions.
Huobi Prime
Huobi Prime, the Launchpad platform is unique as it is not a fundraising platform, and any coins purchased on the platform are immediately deposited into the users’ wallets and tradable on Huobi Global. Huobi Prime offers its users early access to the coins of premium projects, which can be bought using its native crypto currency, the Huobi Token. To avoid dumping, Huobi has implemented an innovative idea of a period of tiered price limits.
Huobi FastTrack
Huobit FastTrack, rebranded from Huobi Prime Lite, is a new listing model. Wherein, all participants will have a direct say in what projects are listed on Huobi Global and when. In addition, winning voters will get access to quality tokens at below market rates. The program also provides much needed exposure and a straightforward listing process.
Huobi Wallet
Huobi Wallet is a professional Multi-chain light wallet app from Huobi Group, the leading global digital asset exchange. Huobi Wallet leverages multiple blockchain security-related patents, including patents for security isolation and data encryption, to provide state of the art protection for digital assets assured by the Huobi Wallet Security Team. For more information, visit: www.huobiwallet.com. So far Huobi Wallet supports BTC, BCH, LTC, ETH, ETC, USDT and all ERC20 tokens.
Huobi Chain
Created in partnership with technical development partner Nervos, Huobi Chain provides a regulator-friendly blockchain framework for financial organizations to deploy DeFi services and applications, including their own blockchains, tokenized assets, payments and identity verification, lending services, decentralized exchanges, and more.

Huobi Chat

Huobi Chat is the social network service platform oriented towards the era of blockchain and an autonomous social network in the future. Huobi Chat combines the advantages of the social network, Huobi Group and global ecosystem platform. It is established with an aim to achieve free communication, fair incentives and interconnectivity of upstream and downstream industry in the digital assets society. Based on blockchain encryption and consensus mechanism, it can connect Users and partners, and provide the digital enthusiasts worldwide with social, sharing, markets, information, e-commerce, games, entertainment, and other one-stop services. Meanwhile, we introduce third-party content and service providers through the IM open platform to build the global ecology of Industry and activate the flow.

Huobi Mining Pool

As a sub-brand of Huobi Group, Huobi Pool is an important component of Huobi’s global ecological strategy. It covers Staking business, POW business and public chain technical service provider. As the largest POS community in the Asia-Pacific region, a leading POW mining pool and a node for various public chains, Huobi Pool is dedicated to providing one-stop financial services and solutions for all types of token holders.
Huobi launched HT Lock and Mine operations on 25th July 2019 (GMT+8). Users who lock HT tokens receive daily HPT rewards. Specific reward quantity will depend on lock option period selected, quantity locked and Huobi Pool’ s mining hash power and daily float.
DPOS Rewards: All Huobi Global users with more than 1,000HPT holdings in their HBG account will receive DPOS mining rewards. Currently, token reward received under DPOS mining include EOS, TRX, CMT, ONG, IOST, ATOM, IRIS, LAMB。
Huobi Global: https://www.huobi.com/en-us/
Join Indian Group: https://t.me/huobiglobalindia
Global telegram Channel: https://t.me/huobiglobalofficial
Join Huobi by click here: https://www.huobi.com/en-us/topic/invited/?invite\_code=eyhj5
submitted by IndianCrypto to u/IndianCrypto [link] [comments]

Review of Huobi Global - Exchange we can bank upon

Review of Huobi Global - Exchange we can bank upon

HUOBI GLOBAL

A GLOBAL CRYPTOCURRENCY LEADER SINCE 2013
https://preview.redd.it/qeknttxd4by41.png?width=602&format=png&auto=webp&s=3434637627b38b0bc3741139b72c97ee96a2feba
Its an exchange we can trust and trade on. Its packed with state of the art features and tools which any trader would love. It helps a trader to get so many products under a single umbrella. A single Huobi Account gives way to so many opportunities no one wants miss out. Its the most secured exchange in the world, in its operations since 2013 it has not been hacked and has user protection fund amounting to 20000 BTC. It always emphasizes on user safety and customer protection, thats what I love the most. Customer satisfaction has been its prime motto since its inception. We should give it a try as its always filled with lots of promotions and rewards for trading and participating in activities.
Lets take a look deeply how this exchange offers so much innovative and state of the products and how it fares compared with other top exchanges.
As a world-leading company in Blockchain industry, Huobi Group was founded in 2013 with a mission to making breakthroughs in core Blockchin technology and the integration of Blockchain technology and other industries. Huobi Group has expanded in to public chain, digital assets trading and wallet, mining pool, proprietary investment, incubation, Digital Asset Research etc., and established a global digital economy industry ecosystem, by investing in over 60 upstream and downstream companies in the Blockchain industry. Huobi Group is working with Argentina, Russia, Thailand, Nigeria and many other countries on the development of Blockchain technology and real world Blockchain applications.
Since its establishment, Huobi Group has been financed by ZhenFund and Sequoia. As a digital assets service provider, Huobi is far ahead of its competitors in establishing a global network of licences. It has over 1300 employees and established subsidiary companies and partnership companies in 12 counties, including the US, Japan, Thailand, Gibraltar, etc. The Huobi team is dedicated to providing safe, professional, trustworthy, and world class services to its global clients across 130+ countries.
Core Strengths of Huobi
A World Class Security System
· Secure and reliable class services
· Six years of experience in digital asset services
· Decentralized structure and anti-DDOS protection system
Local Operation Teams across the Globe
· Global Ecological Layout
· Local trading service centers in many countries around the world
· Blockchain ecosystem featuring integration of multiple business forms
Remodelling the Crypto Exchange
· Users first
· Develop compensation first system
· Develop User Protection Fund (20,000 BTC)
Now let’s take a look at the Exchange and its features
https://preview.redd.it/2mo1zpgh4by41.png?width=602&format=png&auto=webp&s=0b7dfa11a3f067287e3fad11d2d804672105396d
https://preview.redd.it/vigncyyi4by41.png?width=602&format=png&auto=webp&s=f15e7fde4bfbeadae0e0432ba6dc5ab2c6a03140
Huobi has one of the best UI for an exchange. Its really very smooth and easy to operate. It has integrated all the trading options and users can easily understand and operate it. The chart has all the options and function, it supports trading view also.
Huobi OTC
Huobi OTC Desk is an OTC (over-the-counter) trading service provided by Huobi Technology (Gibraltar) Co., Ltd for both institutional clients and individual clients with large trading volumes. This service allows our eligible clients to trade crypto-to-crypto and fiat-to-crypto pairs via request for quotes. Huobi OTC (otc.hbg.com) offers an exchange bridge between fiats and digital assets while Huobi Global (www.hbg.com) is a digital assets trading exchange that supports exchanges or investment services between various cryptocurrencies.
Huobi OTC (otc.hbg.com), serving an affiliated website of Huobi Global (www.hbg.com), is a platform devoted to over-the-counter trades of digital assets. You can buy/sell your digital assets by posting a buy/sell advertisement on Huobi OTC and then complete transactions with the other party so as to exchange your digital assets with fiats. Huobi OTC offers an aggregated display of buying or selling info and the actual payment is transferred and completed offline.(In other words, Huobi OTC provides escrow on digital assets)
Being an OTC digital asset platform with a leading turnover, Huobi delivers services to millions of users in over 130 countries with billions of daily turnover. Supporting fiat-crypto trading in many countries and seamless connecting to crypto-crypto trading, it provides trading of over 100 digital currencies. Being the first platform to deliver 7x24 customer support, it boasts professional services, rapid response and certified merchant security deposits to meet various demands.
Huobi DM (Futures)
Margin Trading
Huobi Global launched Huobi Derivative Market (Huobi DM) exchange to selected countries. It provides margin trading, with very low daily loan interest rates of 0.1%. Margin Trading allows users to increase their investment exposure given a limited base principal to enjoy multiple returns. With the introduction of Cross Margin on Huobi, users will have to explicitly input the respective margin type before executing the above 3 steps. Balances on the Cross Margin balance does not show on the Isolated Margin balance.
Huobi Futures
Huobi Futures is a kind of digital currency derivatives. Users can make a profit from the rising/falling of digital currencies prices by going long or selling short based on their own judgment. The Huobi Futures Contract adopts spread delivery. When the contract expires, all open positions will be closed at the index-based last-hour arithmetic average price, instead of physical delivery. Weekly, bi-weekly and quarterly contracts are available in Huobi DM. Weekly contracts will be settled on imminent Friday; Bi-weekly contracts will be settled on next Friday; Quarterly contracts will be settled on the last Friday of March, June, September and December. Choices of leverage: 1x, 5x, 10x, 20x
Huobi Perpetual Swap
On March 27, Huobi DM announced it entered into the realm of Perpetual Swaps through its well-established Huobi Derivative Market (DM). Derivative trading has become a popular and lucrative way in the cryptocurrency space, and Perpetual Swaps, as a kind of derivative product, is another way for traders to arbitrage better positions.
Perpetual Swaps are a form of futures contracts but there is no expiry date on these contracts.
Similar to futures contracts, perpetual swaps are standardized contracts that allow traders to long a position to profit potentially from the increase of a digital asset’s price, or short a position to profit potentially from the decline of a digital asset’s price. However, there are some uniqueness in perpetual swaps.
§ No delivery and therefore no expiry date
§ Funding mechanism Settlement in every 8 hours
There exist perpetual swaps already in crypto derivatives market. But what really makes Huobi’s Perpetual Swaps different at this launch is that they are a unique form of contract called inverse contract. Inverse perpetual contracts are also called coin-margined perpetual swaps which are quoted in USD but margined &settled in the given cryptocurrency.
Besides, the perpetual swaps can offer greater flexibility of fund. Your profits and losses are realized and settled three times a day, allowing you to leave the game and allocate your fund for other uses almost any time you desire.
Flexible leverage from 1x to 125x is also a plus on Huobi’s BTC perpetual swaps.
Partial Liquidation
Partial liquidation is a new mechanism that gradually reduces a user’s positions rather than liquidating them in full in a single event. With the new mechanism, the system will automatically start liquidating a user’s positions in stages—at predetermined margin ratios determined by the user’s calculated exposure—until the margin ratio reaches above zero. The liquidation process also includes a circuit breaker function that halts liquidation when large or unusual deviations between the liquidation price and market price are detected.
All coins and leverages on Huobi DM are supported by partial liquidation, and the mechanism is available to users with no fees. Huobi DM also lowered its overall adjustment factor, also named maintenance margin ratio, a key liquidation indicator that directly impacts how margin ratios are calculated, to reduce the frequency of liquidation events.
HUSD
In order to maximize the value of stablecoins to meet the various trading needs of users, Huobi Global is now providing a comprehensive and integrated solution: HUSD.
HUSD is a comprehensive solution for all stablecoins.
Three advantages of HUSD
  1. Safer and more convenient-to avoid single stablecoin risk, and seamless handover between stablecoins.
  2. More stable for stored value-the Huobi bears the risk of instability of stablecoin.
  3. Convert with no cost-remove the commission fee between stablecoin conversions.
Huobi Prime
Huobi Prime, the Launchpad platform is unique as it is not a fundraising platform, and any coins purchased on the platform are immediately deposited into the users’ wallets and tradable on Huobi Global. Huobi Prime offers its users early access to the coins of premium projects, which can be bought using its native crypto currency, the Huobi Token. To avoid dumping, Huobi has implemented an innovative idea of a period of tiered price limits.
Huobi FastTrack
Huobit FastTrack, rebranded from Huobi Prime Lite, is a new listing model. Wherein, all participants will have a direct say in what projects are listed on Huobi Global and when. In addition, winning voters will get access to quality tokens at below market rates. The program also provides much needed exposure and a straightforward listing process.
Huobi Wallet
Huobi Wallet is a professional Multi-chain light wallet app from Huobi Group, the leading global digital asset exchange. Huobi Wallet leverages multiple blockchain security-related patents, including patents for security isolation and data encryption, to provide state of the art protection for digital assets assured by the Huobi Wallet Security Team. For more information, visit: www.huobiwallet.com. So far Huobi Wallet supports BTC, BCH, LTC, ETH, ETC, USDT and all ERC20 tokens.
Huobi Chain
Created in partnership with technical development partner Nervos, Huobi Chain provides a regulator-friendly blockchain framework for financial organizations to deploy DeFi services and applications, including their own blockchains, tokenized assets, payments and identity verification, lending services, decentralized exchanges, and more.
Huobi Chat
Huobi Chat is the social network service platform oriented towards the era of blockchain and an autonomous social network in the future. Huobi Chat combines the advantages of the social network, Huobi Group and global ecosystem platform. It is established with an aim to achieve free communication, fair incentives and interconnectivity of upstream and downstream industry in the digital assets society. Based on blockchain encryption and consensus mechanism, it can connect Users and partners, and provide the digital enthusiasts worldwide with social, sharing, markets, information, e-commerce, games, entertainment, and other one-stop services. Meanwhile, we introduce third-party content and service providers through the IM open platform to build the global ecology of Industry and activate the flow.
Huobi Mining Pool
As a sub-brand of Huobi Group, Huobi Pool is an important component of Huobi’s global ecological strategy. It covers Staking business, POW business and public chain technical service provider. As the largest POS community in the Asia-Pacific region, a leading POW mining pool and a node for various public chains, Huobi Pool is dedicated to providing one-stop financial services and solutions for all types of token holders.
Huobi launched HT Lock and Mine operations on 25th July 2019 (GMT+8). Users who lock HT tokens receive daily HPT rewards. Specific reward quantity will depend on lock option period selected, quantity locked and Huobi Pool’ s mining hash power and daily float.
DPOS Rewards: All Huobi Global users with more than 1,000HPT holdings in their HBG account will receive DPOS mining rewards. Currently, token reward received under DPOS mining include EOS, TRX, CMT, ONG, IOST, ATOM, IRIS, LAMB。
Huobi Global: https://www.huobi.com/en-us/
Join Indian Group: https://t.me/huobiglobalindia
Global telegram Channel: https://t.me/huobiglobalofficial
Join Huobi by click here: https://www.huobi.com/en-us/topic/invited/?invite_code=eyhj5
submitted by IndianCrypto to HuobiGlobal [link] [comments]

BiKi.com Launches New ARCC Staking Program in Partnership with IBMR.io

BiKi.com Launches New ARCC Staking Program in Partnership with IBMR.io
Singapore, 25th May 2020 — Global digital asset trading firm BiKi.com is pleased to announce the launch of a new ARCC staking program in partnership with the world’s first micro asset and crypto reserve currency for Asia and emerging markets, IBMR.io.
The ARCC token was listed on 8th April 2020 on BiKi Exchange and has shown tremendous progress since with a 529.27% increase in return on investment and a 715.13% increase in liquidity, clearly proving that a reserve currency is viable in the cryptocurrency landscape. Additionally, we can look forward to the future appreciation of the token owing to the project’s clear product development road map and through impactful partnerships.
When asked about why they chose to partner with BiKi Exchange, Sinjin David Jung, the managing director of IBMR.io says: “We chose BiKi over other top 10 exchanges because BiKi wants the best for their users for the short and long term. This was exactly the partnership we were looking for in an exchange that really treasures and protects their users now and for the future.”
ARCC Staking Program
With over 12,000,000 ALGO (2.4M USD) in reserve holdings, the ARCC project seeks to continuously run staking programs with the aim of making staking accessible to all traders and rewarding the smaller traders first. It is confident of its ability to achieve this because the project was fully funded by the founders and did not require any presale, ICO or IEO, therefore there is no hidden or excess supply in the market and all funds raised were deposited into the ARCC currency reserve.
The ARCC staking program will be conducted in 3 phases, each running for 30 days. The details of each phase are as follows:
Phase 1: 28th May 2020, 30 Days
Annualized Return: 151.82%
Min/Max Contribution: 88–188 ARCC (41.36–88.36 USDT)
Total Monthly Return: 8.00%
Total Staking Supply: 88,888 ARCC
Phrase 2: 28th June 2020, 30 Days
Annualized Return: 81.64%
Min/Max Contribution: 388–1888 ARCC (182.36–887.36 USDT)
Total Monthly Return: 5.10%
Total Staking Supply: 888,888 ARCC
Phrase 3: 28th July 2020, 30 Days
Annualized Return: 28.02%
Min/Max Contribution: 3888–18888 ARCC (1827.36–8877.36 USDT)
Total Monthly Return: 2.08%
Total Staking Supply: 8,888,888 ARCC
IBMR.io decided to launch the ARCC staking program with BiKi Exchange because it believes the BiKi platform creates real value instead of speculative trading value for its community and gives the project a platform to create a strong long term value proposition. Sinjin David Jung, managing director of IBMR.io comments: “We expect to analyze this 3-month promotion and make changes so we can best share the value of ARCC with BiKi’s members. Our objective is to be the best project on BiKi and become a top 20 coin globally in the next 1 year!”
ARCC Updates
In the coming months, the ARCC project will implement an aggressive development schedule and will launch at least 1 beta and 1 MVP site by Q4 2020. They will also announce at least 3 major partnerships which will aid in the adoption and use of ARCC on BiKi.
Follow us on:
English Telegram: https://t.me/BikiEnglish
Vietnam Telegram: https://t.me/BikiVietnam
Chinese Telegram: https://t.me/bikicoin
Russia Telegram: https://t.me/BikiRussia
Philippines Telegram: https://t.me/bikiphilippines
Nigeria Telegram: https://t.me/BiKiNigeria
Iran Telegram: https://t.me/bikiIran
Indonesia Telegram: https://t.me/BiKiIndonesia
Korean Community: https://open.kakao.com/o/gYmlp4Yb
Twitter: https://twitter.com/bikienglish
Facebook: https://www.facebook.com/bikiexchange/
Reddit: https://www.reddit.com/biki
Medium: https://medium.com/@bikicoin
Youtube: https://www.youtube.com/c/BiKiExchange
submitted by colllinsjie to CryptoCurrencies [link] [comments]

Weekly Update: Parachute Townhall, Welcome $GET to ParJar, Uptrennd reaches 50k members, Fantom on IncognitoChain... – 6 Dec - 12 Dec'19

Weekly Update: Parachute Townhall, Welcome $GET to ParJar, Uptrennd reaches 50k members, Fantom on IncognitoChain... – 6 Dec - 12 Dec'19
Hi Parachuters! As part of 2 of 3 from today's rapid catch up series of pending updates, here’s your week at Parachute + partners (6 Dec - 12 Dec'19):

As mentioned last week, Cap and Ice hosted a townhall to talk about where we are at and where we are heading along with ample feedback and Q&A from the community. We covered a lot of ground: "value hypothesis for ParJar, Product Market fit, and our growth approach for 2020...performance of two key PAR utility metrics, staking and gas, and how we see growth for each in 2020...questions from the community and reviewed upcoming community initiatives". Click here to catch up on all that happened. GET Protocol’s $GET token was added to ParJar this week. Belated Birthday wishes to Doc Vic from Cuba. Jason lost a 5k $PAR wager with Cap on Victor’s age. Haha. Congratulations to Martha for winning this week’s Parena. As per the latest Fantasy Premier League (#FPL) update shared by LordHades this week, he is still ruling the charts at the top with NovelCloud and Alexis hot on his heels. From next week, "You can now view your first opponent in the 2019/20 FPL Cup on the My Team page - under Leagues". While you slay those miles with the Parachute Running Club (which has done 44 miles so far BTW), here’s a podcast to listen to. Cap’s recommendation: "It's geared towards people building products - but super super useful to think about any products you use. Skip to like 9 minutes in to skip through all the advertiesments ". Yes, I know. Cap wouldn’t be Cap without typos. Typos FTW!
Parachute townhall
Parachute-themed shirts designed by Doc Vic and Alejandro on Doc’s birthday. These are sick!
If you want to see yourself on the Parachute world map, make sure to enter your location here. The entries are anonymous. In this week's Parachute Fantasy Football League update, Hang is in the first position followed by Clinton and Andy. Connor made it to the playoffs and is now in 4th position. So it means farewell to Nilz, Ken, Kamo and Cap from this season. CoD mobile players, don't forget to join the Parachute WarZone hosted by Doc Vic from Cuba. I hear there's $PAR and $AMGO to be won! The TTR Hat Contest ended this week with some solid entries running in the lead. Epic creation Wendell! In this week’s creative prompt by Jason, Parachuters had to “do 3 nice things for a total stranger”. Basically, be a true blue Parachuter 😊. For this week's Two-for-Tuesday, Gian made it free-for-all. No theme. Post music as you wish and win 500 $PAR. Cool! Benjamin and Charlotte hosted trivias in TTR this week. Those were loads of fun! Andy announced the start of a College Football Bowl Game Pickem contest in Parachute. 100k $PAR prize pool. Doc Vic hosted another round of Champions League wager this week in TTR.
So much epicness in one picture. Jose, you are a genius!
Andy's Advent Calendar journey continues
Catch up on the latest aXpire update and 20k AXPR burn here and here respectively. As you would already know, instead of pitting both startups against each other, XIO decided to accept both Opacity and Uptrennd into the incubator program and opened up staking for them. This marks the official launch of the XIO Blockchain Incubator and it’s been a roaring start with USD 7k worth of tokens locked up in one hour and Opacity portal getting oversubscribed in no time. Video instructions for staking can be found here. Read up on the startups here. In three days, the total staking crossed 1M XIO levels. Insane! That is a great metric to measure performance. How does the $XIO token play a role in all this? The crew explained in this tweet thread. And with that a series of related discussions got off starting with the possibility of self-nomination for startups. Have a sub-100 CMC project that you think should be part of the incubator? Don’t forget to tag them. Plus, a cool 25k $XIO giveaway was launched. Remember, meaningful conversation is always welcome at the incubator and more often than not, they get rewarded. Check out the latest update on the Birdchain App SMS feature along with an expanded list of supported countries. Silent Notary reduced the $LAW token requirement for running a Masternode from 100M to 20M this week. Russian research company sudexpa.ru also gave its vote of confidence to Silent Notary in terms of its immutability. Wibson Marketing Manager Fi Scantamburlo attended the Latin American Bitcoin Conference Uruguay to speak on Data privacy, monetisation and how Wibson helps achieve these. Opacity now allows shared file preview for uploaded docs.
Shared File Preview on Opacity
Fantom's foray into the Afghan Ministry of Health's efforts to fight counterfeit drugs and other public health initiatives were covered by Forbes this week. Last week, we shared that Sikoba's e-voting platform, Itugen, which is based on Fantom’s Lachesis consensus was released. This week, they published its technical whitepaper. With so many moving parts in the project and so much happening all around, a recap is always a welcome refresher to catch up. $FTM got listed on South Korea’s Coinone with a $KRW pairing. It was also integrated with the IncognitoChain project’s pDEX with a $pUSDT pairing (remember, Harmony was added to the same platform a few days back?). IncognitoChain allows cryptos to be transacted privately using sidechains including those coins/tokens which are not privacy-oriented. Fantom also launched a developer portal and technical documentation ahead of the XAR Network mainnet release. The interoperability bridge is out as well. This allows both ERC20 and BEP2 token holders to move their tokens to the XAR Network. The wallet allows both staking and delegation. For the guide to joining XAR Network as a validator node, click here. A simple guide to staking on XAR Network can be found here. The team also sat down for an AMA with COTI this week. Blockchain Magazine’s interview of Michael was published. Continuing with Uptrennd’s 24 Days of Celebrations started last week, this week they hosted an Escape Room contest and Photo contest. The latest $1UP tokenomics update can be seen here. After 11 months, the platform now has 50k users across 177 countries. Wowza! And wicked stats on the engagement metrics as well. Jeff’s interview with Crypto Beadles came out this week.
A few entries for the Uptrennd Photo Contest
Click here and here for the latest District Weekly and Dev Update from District0x. In case you missed this week’s Dapp Digest, you can watch it here. Aragon fans will be in for a treat since it features Aragon Co-Founder Luis Cuende as a special guest. Remember, we had discussed last week that the Shuffle Monster Raffle had crossed a 10k $SHUF pool. Turns out it got to 13k+. Wow! The latest Hydro developer update is a comprehensive roundup from the entire ecosystem. VCC Exchange listed $HYDRO with a $BTC pairing. Hydro’s security tokenisation protocol, Hail, moved to mainnet this week. The team travelled to Boston for MassChallenge Fintech. Hydro will be hosting a Banking-as-a-Service happy hour next week to talk on how they are building solutions in the BaaS space. For starters, don’t forget to read their article on blockchain applications in finance. The team appeared for an AMA with Apache Traders which also featured a 45k $HYDRO giveaway. Digital payments platform VoPay is now partnered with Hydro for end-to-end payment solutions using Hydrogen API and other Hydro tools. Hydro’s smart contract was audited by Callisto and passed their test with flying colours except for one "low severity" issue. The result: "The contract can be deployed". CTO Tim Allard was interviewed by Ethereum Network Nigeria as part of their Ethereum personality chat series. For the latest update on the community explorer Frost, click here. In Pynk’s first guest blog post, community member (or, Pynkster) Alistaire Wallace talks about what the coming year could hold for Pynk and its community of predictors. Check out the transcript of Sentivate’s AMA with tehMoonwalkeR here.
Sentivate’s new office in PA is shaping up quite well
This week at OST was all about the Pepo app: from angel investor Kartik to Rocket NFT’s Alex Masmej joining the platform, accelerator The Fledge using Pepo Conversations to power community-sourced improvements to businesses, Home for the Holidays Challenge to explain crypto/blockchain to relatives (with a total USD 2k in Pepo coins in prizes) and a “best lifehack” bounty posted by Jason on the app. If you’ve missed all SelfKey news from the past month, you can catch up from the November progress report. Also, did you know that the group Legion of Doom which was once considered to be the most capable hacking group in the world was in a long drawn feud with Masters of Deception in what is now known as the Great Hacker War? Learn more info like this from SelfKey’s latest article on hacking groups. Constellation CEO Ben Jorgensen will be speaking at the Crypto 2020 Summit. If you’re attending, make sure to say Hi. Arena Match announced a trading competition on DDEX with 4M $AMGO tokens to be won. Lucky Bluff Poker will be sponsoring next week’s Arena Match Raffle. The latest Harmony update compilation from the whole team can be found here. In the latest Pangea statistics (Harmony’s experimental staking game to test the limits of its tech), the average staking position is 1.8M $ONE with 75% of participants operate nodes themselves while the rest use delegates. Plus, check out the newest upgrades here. Honest Mining announced mainnet support for the native $ONE token swap. $ONE is also in consideration for listing on Binance US. The token was listed on Pionex this week. The Intellishare website registration and login functions will be down next week for a scheduled upgrade. Also, $INE traders make sure to keep a note of WBFex temporarily disabling the $ETH trading pair. Jobchain’s $JOB token got listed on Bilaxy exchange, P2PB2B exchange, SWFT Blockchain wallet and SWOP.SPACE exchange. The project was also given an A+ score by Xangle. Congrats!

And with that, it’s a wrap. See you again soon with another weekly update. Bye!
submitted by abhijoysarkar to ParachuteToken [link] [comments]

Dash & Bnb: The untold race for the Nigerian market

This is the second in my series of writings on Dash & Africa. Read first writeup here: When will Dash get Africa right?
During the last DCG quarterly call, I asked a question on the plans for Dash to take advantage of the opportunities in Africa. See my question and Ryan Taylor's answer below:
Q: What's the plan of Dash to take advantage of the opportunities in Africa? (Nathaniel)
A (Ryan): I think the question intended here is what's the plan of Dash Core Group to take advantage of the opportunities in Africa, hopefully I'm not distorting the intent of the question. I think that Africa, and I've stated this before, has a lot of high potential markets within it. We've seen that cryptocurrency adoption is stronger in markets with high inflation with a low degree of financial freedom and that certainly is the case in in quite a number of countries within Africa. So I think there's a good fit there. In terms of Dash Core Group we have limited resources at the end of the day we have a business development team of two. So we have to prioritize where we think our efforts are best utilized. Venezuela is clearly a standout, and so in terms of geographic focus, if we have additional resources right now I think that that we would pursue that just in terms of priority. But I think that one of the strengths of our proposal system is that it allows other teams to have a go and try to see what can develop there. Ultimately if the opportunities start to open up in particular markets in Africa, it benefits all of us. So Dash Core Group for the time being until we have the ability and the resources to expand our business development team, we really have to concentrate on making sure that the strategies that we are pursuing are successful first, before we can start to really expand out and diversify our efforts. So it's not that we don't think Africa is a good opportunity, it's just that in terms of priority we're really focused on Venezuela at the moment.
Ryan acknowledges the high potentials of Africa for Dash adoption and use, but states that DCG is not focusing on Africa right now due to resources constrain. This is a logical view imo.
However, he mentions the strength of our proposal system/ treasury that allows other teams to have a go to win markets such as Africa, for Dash. Has our treasury being living up to this in regards to Africa in the last 1 year?
Over a year ago, Binance launched a Nigerian arm and Kickstarted operations in a large way. The goal was to get mainstream adoption of Bnb (binance coin) and other binance products in Nigeria. My source tells me binance has allocated over 20 times more funding than Dash has to their nigerian teams in the last 1 year. But guess what? How many times have you heard of Bnb adoption in Nigeria in the media? None! With limited funding Dash Nigeria has established Dash as the choice altcoin in Nigeria.
However, Binance has also been strategic with their operations. Remember when yellowcard integrated Dash? (Yellowcard enables people to buy Dash via vouchers sold offline across stores in Nigeria.) We convinced them to drop Eth and Bch leaving just btc and Dash on their platform. After that, they got an offer from binance, which in turn they were to integrate bnb into their platform et al.
And now, binance lists naira as its first ever fiat pair! Why not the USD? Why not Euro? Pound? Or other currencies? Simple! They understand that their primary market for success will be Africa and of course Nigeria.
Someone asked me during a conversation yesterday on getting binance to list a Dash-naira pair. So here's it, I know the guys at Binance Nigeria, but I'm also informed on their reason binance limited the Nigerian trading pairs to BUSD/NGN, BNB/NGN and BTC/NGN - They want adoption for their coins, binance coin and binance USD stablecoin! They want people to easily convert from fiat to their coins. They're powering onramps strictly for their own coins.
They understand what I've always said that adoption is primarily driven by fiat onramps not by crypto-crypto exchanges where traders use TA et al just to make quick profits off several altcoins at once. We need people to buy and hodl/ use yet we're not making ways for them to do that.
People in the US and other nations can directly purchase Dash from the existing mobile wallets via Uphold but people from Africa can't and what are we doing about that?
My pain is that they're about to beat us in our game of adoption.
I've frequently heard a number of MNOs say they'll never support adoption in Nigeria as they think it's a misallocation of resources. However, the stats disagree with them as several cryptos including bnb are focusing their resouces on Nigeria.
We'ave got only 1 team operating in Africa for over one year and while we defund Dash Nigeria, binance is expanding their teams, funding and operations from Uganda to Kenya to South Africa and other african countries.
When I started Dash adoption in Nigeria in 2017, I never envisaged we'd still be at this point discussing whether or not to fund Dash Nigeria in 2 years time. You know, 2 years in crypto is a lot of time. The entire binance company is just 2 years old. While we started Dash Nigeria, they started binance, and 2 years down the line, they're making moves to be the choice altcoin in Nigeria while we make moves to defund Dash Nigeria. What an irony?
With the facts laid bare at this stage, what are we going to do differently regarding the adoption of Dash in Nigeria going forward?
Nathaniel Luz - Crazy Dash Advocate since 2017 & founder of Dash Nigeria
submitted by nathanielluz to dashpay [link] [comments]

MarcoPolo Protocol #3 #AMA: #AMAwithEvan - After the MarcoPolo Protocol Community Reached 120,000 people, What is Next?

MarcoPolo Protocol #3 #AMA: #AMAwithEvan - After the MarcoPolo Protocol Community Reached 120,000 people, What is Next?
How does MarcoPolo Protocol expand its market in South Korea, Turkey, Vietnam, Turkey, Russia, Indonesia, and other countries? What is the current community situations?

https://preview.redd.it/zaw9n51q6nj41.png?width=900&format=png&auto=webp&s=6927bfbc8de931393f24253a4465ec23b71fc931
On February 28, MarcoPolo Protocol hosted the third online AMA on MarcoPolo Protocol English Telegram group (https://t.me/MarcoPoloMAP) and they invited MarcoPolo Protocol Community Director Evan as our guest to answer questions from the community.
Here are the highlights from the AMA event, enjoy it.
#AMAwithEvan Question 1: I know MarcoPolo Protocol is expanding its market globally, could you tell us more about the current market situation?
MarcoPolo Protocol has been making individual operation and marketing plans for different countries and regions base on each of the local cultures. As of now, we have already had certain brand awareness and users in Turkey, South Korea, Vietnam, Indonesia, Russia, Brazil, and other countries.
Until now our main community numbers are as follows:
English:127,209
Russia: 5,732
Vietnam: 795
Indonesia: 3,414
Turkey: 1,424
Korea: 3,000 +
#AMAwithEvan How about the individual country’s market situation such as Korea?
In the Korean market, we have cooperated with Coinpan, the largest and most authoritative forum in South Korea, to promote us on their platform. Our MAP introduction article ranked second in the "Coinpan hottest article". Furthermore, many other articles done by users to introduce MAP were being selected on the list several times. We are also reaching out with Cobak for partnership and will comprehensively promote us on most of the Korean blockchain mainstream media platforms.

https://preview.redd.it/wynbo4zu6nj41.png?width=1031&format=png&auto=webp&s=a644afddbd874e05c97ec80b430ed7463eed6e06
South Korean media also have very enthusiastic reports for us:

https://preview.redd.it/rfdoc26w6nj41.png?width=770&format=png&auto=webp&s=5ecb199cf2fd84cf618998b6471263629c2fdb60
#AMAwithEvan How about the Vietnamese market?
https://preview.redd.it/uzcqnmhx6nj41.png?width=769&format=png&auto=webp&s=d0820e21f5139b3d915a595d328b4b2d54ebb99e
https://preview.redd.it/3q6mbdfy6nj41.png?width=763&format=png&auto=webp&s=c36d66ddb1fd9e34ef8cde9ab68772bae82063fc
There are many investors in Vietnam who have a strong interest in us and are optimistic and supportive of us for a long time. They organize offline meetings, please check it:

https://preview.redd.it/l505ohr07nj41.png?width=478&format=png&auto=webp&s=c8f9065a1db6ed054a41a4b86c39848687d0acc9
#AMAwithEvan How about other countries?
Besides Vietnam and Korea, we have more Market action, such as Turkey, Russia, Indonesia, Nigeria, and more.
Turkish community has reached a cooperative relationship with Cointral, a local offline OTC platform, Kazancrehberi, the largest local community, as well as a number of companies under the well-known local projects MenaPay and Venture Capital;
And On January 28th, MarcoPolo Protocol was invited to the Cryptotalks conference hosted by cc media, our core developer Seebook attended the event and delivered a speech. More than100 audiences attended the event, here are some images from the event:
Below are some pictures of meeting up, which were warmly welcomed by the locals

https://preview.redd.it/oxy1n5m57nj41.png?width=828&format=png&auto=webp&s=fb90955b832724ae77ab8c3d4c9a9fc19ad3b1d8
https://preview.redd.it/hzbszdd67nj41.png?width=1280&format=png&auto=webp&s=b065ec1468aa0ce6f928d4cd9ee9363eeea148bd
https://preview.redd.it/sg0cn5v67nj41.png?width=1280&format=png&auto=webp&s=ec1fb8803c926ddbc57f588ef8db870ba2abb566
#AMAwithEvan wow, that is a lot, is there more you want to add?
Indonesian community has reached strategic cooperation with Coinvestasi and Fanspage Pemburu Bitcoin Indonesia, two major blockchain media in Indonesian; here is the online KOL of Indonesia who introduced MarcoPolo Protocol
https://preview.redd.it/ctl4ipra7nj41.png?width=523&format=png&auto=webp&s=32e49183aa16bc65234902b6ac0a6a9b778dc92e
Russian community has docked with some Ada service providers for professional technical support and a professional service team to expand the Russian market online. we are also reported by Russia's biggest media crypto.russia.
We also received some support from Nigerian, they actively organized offline activities, thank you for your support
https://preview.redd.it/ivd937qc7nj41.png?width=1280&format=png&auto=webp&s=aa2e33a4a9b1e95dc21db059c8b5dd68098401e0
#AMAwithEvan Question 2: Has MarcoPolo Protocol work with any media?
In terms of PR, international media Yahoo Finance, and Russian media Cryptorussia,Turkey media BFmedia,has conducted PR reports with us. Each week, PR articles will be published on major websites, we have reached long-term relationships with more than 250 companies including but not limited to: Journal NBC, CBS, ABC, and FOX, etc.
Too many media report there, I can't show them all, please check here:
https://preview.redd.it/x3de6k6f7nj41.png?width=1280&format=png&auto=webp&s=2d9508afac71ce050a4d6ac93cf78e8435542a78
https://preview.redd.it/70lwmbfg7nj41.png?width=1280&format=png&auto=webp&s=ff63f6e8f00c801bb173058361a1001e249cc692
https://preview.redd.it/i9whixch7nj41.png?width=1280&format=png&auto=webp&s=6a6a7ed001a5b614e07536a5bf633ff7008b688f
#AMAwithEvan Question 3: Could you tell us more about MAP Token?
MAP was launched on 08/11/2019, MarcoPolo Protocol (MAP) is a peer-to-peer electronic cash system infrastructure. It aims to achieve the blockchain world public chain TPS sharing and intelligent scheduling. The peer-to-peer electronic cash system aims to offer an unlimited expansion of TPS and optimal GAS fees.
Total Supply is 10 billion MAP, currently, it is listed on CoinMarketCap and CoinGecko, and available on Kucoin exchange.
Only 0.5% in circulation
MAP/USDT pair: https://www.kucoin.com/trade/MAP-USDT
MAP/BTC pair: https://www.kucoin.com/trade/MAP-BTC

The official website: https://www.marcopolo.link/
Twitter: https://twitter.com/marcopologlobal
Medium: https://medium.com/marcopolo-protocol
https://preview.redd.it/pq178yhl7nj41.png?width=1280&format=png&auto=webp&s=4ae282b72d7b66dca768b01376b5f72c3a13a8b2
#AMAwithEvan Question 4: Could you tell us more about MarcoPolo Protocol community situation?
For the English community, one of our most important community, we have already had more than 120K users in Telegram groups. It is one of the most active blockchain groups. There are many MarcoPay loyal users. We will share MarcoPolp Protocol’s latest updates, tech progress, news, etc. You can ask any question in the group, our Angels will try their best to answer you. Also, you are welcome to make suggestions in the group. It is a fun group.
We are in this group😄. This is a community leading to freedom of wealth
#AMAwithEvan Question 5: After the MarcoPolo Protocol Community Reached 120,000 people, What is Next?
Next, we will mainly focus on South Korean, Vietnamese, Russian ,Indonesia and Turkish markets. We will support local community managers to host some meetups soon and we are cooperating with several big exchanges to list MAP.
We are cooperating with several big exchanges to list MAP. Stay tuned!

Right now, we are having a 50% Off BTC Launchpad on MarcoPolo Protocol event.
Here is the details information.
Excited about bitcoin halving in May? don't miss the last chance to buy BTC at half price, 50% off!! 50% off BTC Launchpad.
Rules:
  1. Participate in 50% Off BTC with MAP
  2. Total supply: 6 BTC
  3. Everyone can buy BTC with half price, the winning ratio is random, up to 30%.
  4. Deposit MAPC can increase your winning Odd.
  5. Successfully purchased BTC and the remaining MAP will be returned to your wallet account when Launchpad ENDS
  6. Download MarcoPay to join: https://www.marcopolopay.org/download

After the MarcoPolo Protocol Community Reached 120,000 people, What is next? For the community, we will host more fun events and give more benefits to community members. Also, we will host AMA events weekly to keep a close connection between the project and users.
Don't forget to Purchase BTC at half price, this is a good chance to earn money.🤑
#AMAwithEvan Bonus Question 1 from Niom706, he asked: What is the future/Roadmap Of Marcopolo Protocol?
Road map:
The First Stage 2019.Q1
Gravity:
The interoperability module Gravity has been developed, which realized useable interoperability between the third-generation public chain and high consensus digital currency such as BTC and ETH, will share computing power and performance gradually expand to more high-performance public chain through interoperability.

The Second Stage 2019.Q3
Electromagnet:
Online retail payment application - Marco Pay
POB Community Governance DAPP.
The Third Stage 2020.Q4 Interaction: Independently developed MarcoPolo main Network StandardChain will be launched, achieving APoS, On-chain governance, Architecture design of InteractChain.

The Third Stage 2020.Q4
Interaction:
Interaction: Independently developed MarcoPolo main Network StandardChain will be launched, achieving APoS, On-chain governance, Architecture design of InteractChain.

The Fourth Stage 2022.Q2
Grand Unification:
The realization of heterogeneous cross-chain operability, resource sharing between chains.
here is MarcoPolo Protocol official website: https://marcopolo.link/
#AMAwithEvan Bonus Question 2 From Lunox76, she asked: How do you anticipate a dump after MAPC swap?
Our marketing department will make a larger global market expansion in March.
The core technology team has also been developing products that contribute more to the blockchain industry.
This will promote our marketing, new investment, and commercial applications. It will bring an unprecedented increase, we are fully capable of accepting price dumps, and I predict that the map trading market in March will be larger. Big drops are impossible.
#AMAwithEvan Bonus Question 3 From u/Imamarifin90, he asked: What is the best plan for MAP holder? we all know BTC will halve in this May?
As I just said, we will do some big market activities and technological innovations before the Bitcoin halving in May comes.
This will promote our marketing, new investment, and commercial applications. It will bring an unprecedented increase,
we are fully capable of accepting price dumps, and I predict that the map trading market in March will be larger.
For MAP holders There will be a larger currency holding dividend system being released. Half-price bitcoin Launchpad is just the beginning. There will be more products that are more conducive to #built the price of MAP. We will also take out some market funds to ensure investors' Benefits are not lost.
Thank you all for joining the event, will host another AMA next week! See you next week.

https://preview.redd.it/insj38uw8nj41.png?width=900&format=png&auto=webp&s=294427ff120314f6c522b392711e85f834f2c27d
___________________________________________________________
Recent Activity:
50% Off BTC Launchpad on MarcoPolo Protocol.
Excited about bitcoin halving in May? don't miss the last chance to buy BTC at half price, 50% off!! 50% off BTC Launchpad.
Rules:
  1. Participate in 50% Off BTC with MAP
  2. Total supply: 6 BTC
  3. Everyone can buy BTC with half price, the winning ratio is random, up to 30%.
  4. Deposit MAPC can increase your winning Odd.
  5. Successfully purchased BTC and the remaining MAP will be returned to your wallet account when Launchpad ENDS
  6. Download MarcoPay to join: https://www.marcopolopay.org/download
You can get MAP on Kucoin exchange or MarcoPay instant exchange
https://twitter.com/marcopologlobal/status/1232998552453861377

Airdrop, join it on Telegram at https://t.me/MarcoPay_Airdrop_Bot
💰Per Participant: 200 MAPC
💰Each Invite: 50 MAPC
💰You can withdraw MAPC to your wallet instantly and swap MAPC to MAP on MarcoPay
⬇️Start Receiving Airdrops:
https://t.me/MarcoPay_Airdrop_Bot
⬇️Download MarcoPay:
https://www.marcopolopay.org/download
___________________________________________________________
Twitter:
https://twitter.com/marcopologlobal
Telegram:
English: https://t.me/MarcoPoloMAP
Chanel: https://t.me/MAP_POB_channel
Indonesia: https://t.me/MarcoPayindonesia
Russia: https://t.me/MarcoPayrussian
Turkey https://t.me/marcopoloturkiye
Vietnam: https://t.me/marcopolovietnam
Bangladesh: https://t.me/MarcoPay_BD
submitted by SamJia to MarcoPoloProtocol [link] [comments]

Weekly Update: #PARaroundworld – let’s get the word out, $COTI on ParJar, XIO Bonus, Fantom Opera Mainnet... – 27 Dec’19 - 2 Jan'20

Weekly Update: #PARaroundworld – let’s get the word out, $COTI on ParJar, XIO Bonus, Fantom Opera Mainnet... – 27 Dec’19 - 2 Jan'20
Sup folks! Here’s your week at Parachute + partners (27 Dec’19 - 2 Jan'20):

Firstly, Happy New Year from all of us here at Parachute. We started off the week with a new entrant to ParJar - $COTI. Welcome to the fam! This week’s movie trivia in TTR saw 25k $PAR in prizes given out. Woot! Congratulations to Donna for winning this week’s Parena. Belated birthday wishes to Tony. Doc Vic (from Cuba) launched the craziest guerrilla marketing campaign yet to get the word on $PAR out to all corners of the world: #PARaroundworld. If you want to print it as stickers, click here. The first posters are starting to show up around the globe. Freaking hilarious stuff Sebastian! Guerrilla marketing at its best. Carlos joined in the fun too. The winners of #PFFL were announced. Congratulations to Clinton, Hang and Andy for winning the thing and for bagging a boatload of $PAR. As always, Charlotte’s trivia in TTR this week was a ton of fun! LordHades, NovelCloud and Alexis are still ruling the #FPL charts. But the others are starting to close in with all top 10 participants hacing 1000+ points now. For this week's #wholesomewed, Jason wants "you to pick a random person and pair off. Ask each other questions and such. Then I want you to present the other person. Like a sales pitch about why they are a good person." Also, check out this cool ENJ collectible that was auctioned off to Richi for 106k $PAR in TTR:
Amazing stuff as always Jose!
#PARaroundworld: Print it, post it in your surroundings and help spread the word
In aXpire news, the weekly 20k $AXPR burn went ahead as per schedule. In this week’s #XIOSocial discussions, Citizens talked about success metrics and reward schedules. Nearly 1M $XIO tokens are now locked up in the XLP on Uniswap. The crew shared a sneak peek of an XIO pitch deck (which may or may not be under development. Haha). And as a New Year surprise, XIO hosted a snapshot bonus for Citizens. ETHOS’ Voyager token ($VGX) is planned for even more use-cases than it has currently. Click here to learn more. Fantom’s Opera Mainnet was released this week. Like XAR Network, it uses Lachesis consensus. A guide for staking and delegating $FTM on Opera was published as well. A simpler way to stake on the Opera mainnet is through MyEtherWallet. Check out the guide here. CMO Michael Chen’s video walkthrough breaks it down into easier steps. Almost 18% of all $FTM is now staked to secure the network as per Staking Rewards where $FTM was recently added. Fantom announced a partnership with blockchain-based verification company V-ID to work on several government projects in 2020. If you’ve missed out on $FTM news from the last 2 weeks, the community mailer should be helpful. For folks trying to make sense of the Lachesis code, here’s a detailed rundown. Uptrennd’s latest feature is an activity slider that encourages engagement. The more time you spend on the platform, the more daily activity bonus points. To mark the occasion, the crew did a 10k $1UP giveaway. Luke hosted another 20k $1UP giveaway as well. Sweet! Uptrennd reviews are back! The team did a community survey to select the next project for a free detailed review by Altcoin Buzz. Click here for pics from their Nigeria meetup. So cool! District0x’s weekly recap can be seen here. Plus, as the year came to a close, a detailed quarterly performance report was published too. Hydrogen’s year-in-review reports for the company, Atom and Molecule are extensive and perfect ways to catch up for anyone who hasn’t been keeping track. Also, the recap video by Mike and Mark does a nice summary of the year that was at Hydro. The first $DYT raffle happened this week.
XIO Citizens page from their pitch deck which they “may or may not be working on”. Haha
How does the Identity System work on Sentivate’s Universal Web, you ask? Click here for an answer. Pynk gives out shares in its Pynk trading vehicle every quarter to Pynksters. They paid out the latest tranche this week. CEO Seth Ward published a 2020 roadmap. CyberFM hosted a fun contest to mark the start of the new year. 20M $CYFM given away! OST Founder Jason Goldberg’s op-ed on DApps gaining mainstream adoption in 2020 came out. And congratulations on the "flipping"! OST’s L2 apps now have more token holders than the L1 $OST token holders. SelfKey shared a blog post on how mobile banking matches up to traditional banking. Their next update will include features such as incorporations marketplace and corporate wallet. The Mycro Hunter App is due for a release soon. Yazom’s annual review report is a comprehensive summary of all that’s been happening in the Project through 2019. We had shared that Harmony’s $ONE token was listed on IncognitoChain a few weeks back. This week, they announced listing of 3 trading pairs of $ONE on their privacy Dex. Plus, year-end networking with partners from Singapore. Harmony fans were treated to a giveaway to mark the new year. Click here to read Intellishare’s December update. Jobchain’s $JOB token was added to Atomic Swap wallet, WeShopWithCrypto marketplace and LiveCoinWatch tracker this week. It also got listed on the following exchanges: Speza, DEXTrade and Probit. GET Protocol published a highly detailed yearly roundup and future roadmap article which included sections on business development, marketing, CEO’s thoughts, development update and tokenomics. Global Crypto Alliance’s $CALL token was listed on Lukki and McAfeeDex. The project was also reviewed by YouTuber CryptoHubb. COTI published their 2019 review report covering tech updates, partnerships and other news from the COTIverse. The first decentralised mainnet and community nodes went live this week as well.

And with that, we come to a close for this week. Let’s have an amazing 2020. Bye for now!
submitted by abhijoysarkar to ParachuteToken [link] [comments]

EDC Blockchain and ECRO System in the List of Major Blockchain Events 2019!

EDC Blockchain and ECRO System in the List of Major Blockchain Events 2019!
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2019 showed that the Blockchain industry justifies the status of a technological revolution. Bitcoin's capitalization exceeded that of countries such as Turkey, Pakistan and South Africa. And China, India, and Nigeria have already bought cars, real estate and various services for an EDC coin!
Let's think about these and other events of last year, which had the greatest resonance.
Adoption of the cryptography law in China
Speculation and fiction are officially over! China at the state level said "yes" to Blockchain technology! The Chinese Communist Party now directly manages the Central Cryptography Agency. The agency will promote and support cryptography research, protect intellectual property rights and promote the development of public/private key technology, according to Primitive Foundation partner Dovey Wan.
Against this background, the Central Bank of China started talking about creating its own stablecoin, and Chinese President Xi Jinping said that the blockchain will be the main technology for important innovation breakthroughs! The Crypto market reacted instantly: bitcoin rose by more than $2000 in one week of October (from $7500 to $9500), while EDC quotations reached 1 US cents. The optimism then decreased again when it became clear that the Chinese are still fundamentally distinguishing between the notions of "Blockchain" and "Cryptocurrencies".
Bitcoin futures launch
On September 23, 2019, ICE Corporation (International Exchange) started trading daily and month bitcoin futures on the Bakkt platform.
The platform was officially approved by the U.S. Futures Trading Commission (CFTC), and bitcoin deposits of users are insured for $125 million.
The appearance of this platform was associated with certain expectations: the growth of bitcoin to $ 20,000, and the accession of institutional investors. As we already know, these forecasts did not come true, and the peak daily trading volume did not exceed $43 million. Nevertheless, the expectations from this news remain high: both the prestige and liquidity of the market can only improve.
Project Libra's failure
On June 18, the release of Facebook's own cryptographic currency called Libra was to be launched. By all primary signs, the coin could become a market favorite, and the project participants included Visa, Mastercard, eBay, and other major online platforms.
However, it did not work out: problems with regulators reached the hearings in the U.S. Congress, where Mark Zuckerberg himself had to personally promise that Libra will not be launched until all regulators approve of it, and Facebook may even leave the founders.
Project stoppage TON
GRAM Token from Telegram is another "loser" in the big games of life. The developers managed to make the initial offer (ICO) for 1.7 billion dollars and even presented a compiled test wallet. But the U.S. Securities and Exchange Commission (SEC) expressed confidence that GRAM at the token trading stage was sold illegally, falling under the definition of a security.
Now Pavel Durov is facing long legal proceedings, and the project is frozen for an indefinite period. This "triumph" of U.S. market regulators once again underscores the fact that big money at the stage of the birth of new players on the crypto market plays a much smaller role than the real value of coins and technology.
EDC Blockchain Coin constructor for entrepreneurs
Producers of goods and services and businessmen in various niches can now create their own bonus token or a full-fledged cryptographic currency using PoS mining without having at their disposal a team of IT professionals, ICO access opportunities or huge investments. Specialists of the EDC Blockchain platform offered the market a technological coin constructor and ready-made package solutions for the development of small and medium businesses.
It has never been easier to token and scale any project or startup. The constructor is available to all users of the EDC platform, which offers customers a number of bonuses (for example, an automatic listing of new coins on partner exchanges, marketing support and advertising at the level of its international community). A real step forward in business tokenization.
Start of a self-contained blockchain ecosystem ECRO System
Specialists of ECRO Chain Holding, under whose leadership ECRO System projects function, were able to create a "bridge" between the crypto industry and real business.
ECRO System provides an environment for cooperation between manufacturers, sellers and consumers anywhere in the world, including global marketplace, exchange, trading platform, a launching platform for startups, additional services and even an academy for educational purposes. In a global eco-system using a blockchain, a variety of goods and services are safely sold and purchased, any coins are exchanged conveniently and quickly, and new technology projects are made possible. And the ecosystem is expanding geographically by training its own marketers. Application of blockchain, technologies of an artificial intellect, a crypto-merchant allow ECRO System to create conditions for the reliable digital economy.
Crypto trading authorization for German banks
The Bundesrat passed a law allowing German banking institutions to officially sell and buy cryptocurrencies. Discussions in financial circles are still ongoing, as confidential transfers open up space for illegal transactions and money laundering. But the fact is that Vice-Chancellor of Germany Olaf Scholz advocated the creation of a national digital currency, and Sven Hildebrandt, head of the consulting company DLC, is confident that Germany will become a "cryptocurrency paradise".
Official cooperation of Ukraine with Binance Crypto Exchange
Binance International exchange has signed an official memorandum on cooperation with the Ministry of Digital Transformation of Ukraine. Popularization and legalization of the cryptographic industry in Ukraine led to a sharp increase in the interest of global exchange and trading services to start working in one of the largest European countries.
On November 6, the Verkhovna Rada adopted a draft law on the implementation of FATF rules, which regulates all basic concepts and legal aspects of virtual assets that can be considered as property or can be used for payment and investment purposes.
The draft law on asset tokenization, which will allow private and public companies to conduct commercial transactions with their assets in the form of tokens or crypto-stocks, is under development.
We are living at the peak of historical technology development when the speed of real technical changes outpaces even the speed of human imagination. The year 2020 could be a "quantum leap" in cryptographic technology around the world.
The world economy, as well as small and medium businesses, seems to be best prepared for the wide range of opportunities offered by the Blockchain. The EDC Blockchain and ECRO System project teams will continue to develop their products and services in order to maximize the quality of life of modern people through blockchain innovations. We wish you a successful 2020 year filled with new technologies!
via https://blockchain.mn
#edcblockchain #cryptocurrency #global_platform #graphene #lpos #coin_constructor #masternode #leasing #edc #edccoin #edcmining
submitted by EDC-Blockchain to u/EDC-Blockchain [link] [comments]

Top 10 Ways to Earn Bitcoin in 2020

Top 10 Ways to Earn Bitcoin in 2020

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Back in 2018, the most popular way to earn bitcoin seemed to be through Initial Coin Offerings (ICOs). Over $6 billion was raised in Q1 2018 for crypto projects — many with just a white paper and a website. Business was good for founders and investors until the end of 2018 when scammers were the only ones laughing. Most investors lost money, and capital investments into ICO dropped 97%. Companies like TruStory even launched whose sole mission was to stop ICO scams from happening. By Q1 2019, less than $900 million was raised through ICOs —with regulation being the coup de gras.
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So where has all the momentum shifted? The second wave of crypto projects will undoubtedly reward profits over potential. This article examines the top ways you can earn bitcoin in 2020 — from faucets and bitcoin mining to crypto savings accounts. The biggest winners of 2020 will likely fall into one of the following 10 categories. The strategy that is right for you will depend on your skills, network, access to capital, location, risk tolerance and investment timeline.

#1 - Holding
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Arguably the best way to make money on Bitcoin is to buy it and hold it for many years. Smart investors rely on a strategy called Dollar Cost Averaging (DCA) to reduce market volatility. This works by investing a fixed amount on a regular schedule, ie $100 once a week for 10 weeks, which helps offset the crypto market volatility. The hard part is being patient with the investment and resisting the urge to daytrade or sell too quickly.

#2 - Lending
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A number of fintech companies like BlockFi and BitBond now offer the ability to earn interest on your crypto holdings. Interest rates range start around 8% and can go as high as 20% for trusted lenders. The interest clients earn typically compounds monthly, although these returns mimic that of the S&P 500 so this is considered a low risk/reward option.

#3 - Day Trading
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A common way to earn Bitcoin trading is through trading cryptocurrencies on exchanges using 1X to as high as 100X leverage. Traders can also bet on the index of any crypto on sites like eToro or Robinhood. Daytraders will trade based on charts and trends, and try to grow their portfolio.
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Another much safer form of arbitrage is dropshipping. You can source products on Amazon or from sites like Oberlo who will help you find the right products to buy. You can build an e-commerce store using Shopify or just sell on eBay. If you have a store and supply chain already, it's easy to start accepting Bitcoin using a payment gateway like CoinPayments or BitPay.
Other peer-to-peer exchanges like Paxful, Purse and Redeeem allow you to trade gift cards and other digital and physical goods for bitcoin.

#4 - Gambling
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Gambling with Bitcoin is highly addictive, risky, largely unregulated, and offers the biggest and fastest financial volatility. Some popular crypto gambling sites include CloudBet, BetOnline, FortuneJack, Bovada, BetUS and hundreds of others. For more rankings, click here.

#5 - Mining
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Despite the fact that over 80% of Bitcoin has already been mined, bitcoin mining is still a $4 billion annual industry. Since mining was intentionally developed to require advanced hardware, it's an expensive process that requires large mining facilities to be profitable. For this reason, most large-scale mining operations are located in China where electricity is cheap.
To be successful, individual miners are forced to join collective mining pools like MinerGate or simply mine as a fun hobby with Coinmine or Homeyminer and not worry about the ROI. To learn more, click here.

#6 - Faucets
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A faucet is just a website that gives free coins to every visitor for staying on the site or engaging with content. Some examples are Cointiply, FreeBitcoin, SatoshiQuiz and others. Keep in mind, a satoshi represents roughly 0.00000001 bitcoin, so 100 satoshi is about 1 penny. It would take 100 correct trivia answers on SatoshiQuiz to make $1 USD. It's far more profitable to own a Bitcoin faucet and make money on advertisements.

#7 - Services
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There are dozens of job boards online where you can earn bitcoin for a variety of independent contractor services. Many clients on Upwork, Freelancer and other non-crypto platforms will gladly 15% discounts or more if they can pay their freelancers in bitcoin and avoid the costs of the marketplace. Other more dedicated sites are listed below.
Jobs4Bitcoin — Reddit job board for bitcoin tasks
AngelList — Job board for crypto companies and projects
Earn.com — Earn bitcoin while learning about crypto
CryptoGrind — Escrow for bitcoin freelancers
CryptoJobs — Job board for bitcoin freelancers
Coinality — Job board for crypto freelancers
Bitfortip — Earn bitcoin for helping people Indeed — Job board for crypto companies BitWage — HR services for paying in crypto XBTFreelancer — Freelancers get paid in bitcoin

#8 - Exchanges
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The simplest and lowest-cost exchange is a Bitcoin ATM. As of January 2019, there were 4,213 Bitcoin or cryptocurrency ATMs worldwide. With many countries like Venezuela, Argentina and Nigeria experiencing hyperinflation, the world's 2.3 billion unbanked people will continue to demand bitcoin and stablecoins as hedges against inflation. The estimated startup costs for a Bitcoin ATM is about $25,000 per location, according to CoinATMRadar.
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Building a crypto exchange or peer-to-peer trading platform will be a more expensive way to earn bitcoin as an exchange. This requires building a website, hosting wallets on the blockchain, building security protocols, creating KYC/AML policies, accepting crypto payments, building two sides of a marketplace, and a little marketing, branding and legal work. Some examples of successful P2P trading platforms are Paxful, Purse and Redeeem.
The fiat to crypto exchanges like Gemini, Coinbase and Kraken usually require venture funding, large engineering teams and banking partnerships for proper custody of the funds. Fiat exchanges also have to register as a Money Services Business (MSB). For a full list of fiat exchanges, click here.

#9 - Affiliate Rewards
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Affiliate programs in crypto are endless, and they can come in many different shapes and sizes. Products like Lolli and Pei will reward you with bitcoin cashback everywhere you shop. Exchanges like Changelly will give you a percentage of their fee revenue for referring clients. Wallets like Abra will give you $25 for each signup. The optimal strategy is picking a familiar product that you know and love. For a list of affiliate programs, click here.

#10 - Content
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Bitcoin is King. Content is King. So Bitcoin Content must be God. The ability to research, write and publish high-quality content on Bitcoin, blockchain and cryptocurrencies will be a highly coveted asset in 2020. It's free to start a Medium blog, video blog or podcast and share your ideas to passionate audiences on Facebook, Twitter, Reddit or Quora. Try to build an audience first then turn on AdSense or activate other partnerships to start collecting passive revenue for your content.
submitted by levi_d-19 to Redeeem [link] [comments]

EDC Blockchain Is a Solution For Turkish Business Tokenization

EDC Blockchain Is a Solution For Turkish Business Tokenization

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Several types of research from different companies have shown a huge interest to blockchain technologies and cryptocurrencies among Turkish people. An online poll conducted by German data company Statista confirmed that one Turkish among five have had the experience or currently own cryptocurrency.

Source: Statista.com 
However, the number of companies accepting Bitcoin as a means of payment is not that significant given the potential amount of cryptocurrency being held in Turkey - only around 50-60 stores. That’s an area that has a huge potential for growth in the near future, especially given the fact that Turkey does not consider Bitcoin payments illegal. It’s theoretically possible to buy either real estate or furniture with the help of crypto assets.

A way out
Turkey’s economic and social development builds the best ground for blockchain-based platforms that may not only allow its users not only to make extremely fast transactions with a minimum commission fee but also tokenize already existing businesses.
Such emerging markets as Malaysia, UAE, Nigeria, India, Indonesia have already shown a good example of integrating a universal blockchain platform into its e-commerce industry. More than one million users all over the world have become the members of the EDC Blockchain platform that offers an all-inclusive solution having its own blockchain, exchange and marketing options for any kind of business and startup.

What is the EDC platform?
EDC Blockchain is a universal blockchain platform that allows either individuals or businesses to develop and tokenize existing businesses joining EDC - from hobbies to small and medium scale businesses.
Moreover, the platform provides the opportunity to make fast transfers with a minimum commission and receive rewards for transferring coins for a lease to large pools.
The EDC Blockchain uses the most advanced technology Graphene, where open source acts as a consensus mechanism. In fact, Graphene is the only blockchain protocol with an industrial level of productivity which performance is enough for large socio-economic systems.
This is the fastest blockchain existing at the moment, which is able to process up to 100,000 transactions per second.
The technical characteristics of this platform involve the formation of a new block every 3 seconds, support for payments with a low fee, as well as the ability to work with several tokens at the same time.
To sum-up, EDC Blockchain technology has the following advantages:
  • Processing up to 100,000 transactions per second
  • The ability to create multiple tokens simultaneously
  • New block formation every 3 seconds
  • Safe and fast system
  • Low fee
That is why the EDC Blockchain platform is popular in 57 countries, including Turkey, Latin America, China, Indonesia, and others, while more than 1 million wallets are registered in the system.

Turkish market needs tokenization
In the environment of the thriving Turkish market crowded with small scale businesses looking for a new target audience, tokenization solution may become a unique selling point for any startup seeking to get advantage from the interaction with cryptocurrency holders.
EDC Blockchain is an advanced solution among modern blockchain platforms. This is an aggregator with its own blockchain, exchange, and marketing opportunities for any type of business or a startup.
By attracting promising startups, as well as creating projects on its blockchain with the help of the coin constructor, which are directly tied to existing assets, EDC Blockchain creates liquidity by itself.

EDC coin
The main tool of the EDC Blockchain platform and fuel for the entire ecosystem is the EDC coin. It provides access to all the services of the EDC Blockchain ecosystem and even makes it possible to receive rewards through a leasing program or can be used as a bonus coin in loyalty promotions for any company.
The total issuance of EDC coins is limited to 100 billion EDC - coin burning mechanism supports a natural shortage of coins in circulation. According to the CoinMarketCap data, 2.67 billion EDC coins are in free circulation currently. The last coin will be produced in January 2040.

Tokens for any audience
The constructor of coins on the EDC blockchain platform is designed for the production, storage, trading and management of digital assets, which gives big opportunities for business tokenization.
What’s more, any startup may find the best package for creating its own digital asset (token) that suits his/her interests starting from an opportunity to create a coin, give it a symbol and a description, and ending with an opportunity to create a cryptocurrency with the PoS mining algorithm and a wide choice of characteristics.
This is a perfect way to create fully or partially custom tokens, which allows you to implement various projects.
With the help of EDC Blockchain coin constructor, you will have everything at your hand, since a special code will reliably protect your digital assets. Thus, a customer will get a listing of his or her token on EDC Blockchain partner exchanges. There are many advantages that could be named, but the most obvious one is the savings on programmers and hosting.

About EDC Blockchain
ECRO Chain manages the EDC Blockchain project, while highly experienced blockchain expert Vaz Eghiazar holds the position of CEO of the ECRO Chain company.
The EDC Blockchain platform has already entered Asian, European, the CIS, and Latin American markets. The project aims at blockchain integration in the real economy, as well as small and medium scale business tokenization.
Turkey is an advanced country and may become an integral part of the ever-increasing community, enjoying the advanced innovative blockchain solutions of EDC Blockchain.
via https://blockchain.mn
#edcblockchain #cryptocurrency #global_platform #graphene #lpos #coin_constructor #masternode #leasing #edc #edccoin #edcmining
submitted by EDC-Blockchain to u/EDC-Blockchain [link] [comments]

You Wish, We Perform!

You Wish, We Perform!
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The EDC Blockchain and ECRO System team congratulates all members of our community on the New Year!
2019 was very fruitful for our projects, and we want to share our results achieved during the year!
One of the most important events for the projects was the participation of the EDC Blockchain and ECRO System team in the large-scale WBS Marvels blockchain conferences in Singapore and Seoul.
During these events, the management and representatives of our project presented ecosystem products to the participants of the Asian market were actively engaged in networking and expanded the range of strategic partnerships.
Participation in the WBS Marvels blockchain summits allowed our projects to open a new South Korean market and strengthen our positions both in Asia and in the international arena, helped establish useful contacts with representatives of large crypto projects, blockchain associations, entrepreneurs from different countries and public sector representatives. In particular, we have established friendly contact with the 8th President of the UN General Assembly, Ban Ki-moon. All this allows our projects to expand the audience in the Asian market, which is one of the most technologically advanced and developed markets in the world!
The main achievement in this direction was the signing of a memorandum with the WSB Marvels chairman, Mr. Bong Kyu Park on the collaboration of EDC Blockchain and the World Blockchain Summit MARVELS organization! The memorandum is aimed at mutually accelerating the development of both companies, exchanging professional experience and implementing joint projects in the field of blockchain technologies!
Besides, the EDC Blockchain and ECRO System team took part and presented our advanced products at several large blockchain conferences, such as the Global Blockchain Industry & Entrepreneurs Summit and TokenSky Meetup in China. Moreover, the EDC and ECRO representatives participated in trade shows in Xiamen and Shanghai. We also presented the products of the global independent ECRO System at the largest food exhibition in Southeast Asia Specialty & Fine Food Asia, which was held in Singapore in July 2019.
International development, the active community growth and the popularity of our projects around the world would not have been possible without the constant work of EDC and ECRO technical specialists on improving our products and adding new services and capabilities, the emergence of which is dictated by the rapidly changing blockchain technology market.
In 2019, our programmers did a great job! We have added to the list of our products the mobile versions of the EDC Blockchain wallet for iOS and Android, which makes it possible to use the advanced transfer functionality of the EDC Blockchain platform with a smartphone and greatly simplify the work with platform services! Now owners of iOS and Android gadgets can use the anonymous transfers function, create red envelopes for holding loyalty promotions for their customers, and take advantage of the EDC Blockchain leasing program to receive daily bonuses!
This year we have expanded the opportunities for holders of our EDC bonus utility coin and increased the number of its use cases. Our partner entrepreneurs from some countries have integrated the EDC coin into their business: for example, in Lagos, Nigeria, a travel agency has launched a program that allows clients paying for various travel services with EDC. In addition, a member of our community from India became the proud owner of a stylish SUV, which he purchased for bonuses received thanks to the EDC Blockchain leasing program!
But the main event related to the expansion of opportunities for EDC coin holders was the release of the ECRO marketplace using blockchain technology! The EDC coin can be used to exchange for any goods and services on the ECRO marketplace. We are actively developing this project and are confident that in the new year more and more consumers and sellers from around the world will discover the benefits of ECRO and become part of our global independent ecosystem!
2019 was also successful year for us because we launched a unique service for creating your own digital assets. The EDC Blockchain coin constructor is quickly gaining popularity among entrepreneurs around the world as it allows you to scale your business and create simple nominal tokens for small turnover and full-fledged cryptocurrencies with many parameters and the possibility of mining using the PoS algorithm.
Another major event of the year was the beginning of cooperation with the ECRO System project. ECRO System manages a masternode, which enables users to lease their EDC coins and receive stable rewards to their EDC Blockchain wallet! This year, users have leased more than 9.5 billion EDC coins to the masternode, and now they can simply watch the daily increase in the number of bonus accruals on their EDC Blockchain wallet!
In addition, we are preparing a New Year's surprise for our users: very soon the release of the ECRO P2P affiliate exchange will take place! This decentralized exchange platform using Atomic Swap technology allows instant secure exchanges directly between users.
We want to note the expansion of our projects on the world map thanks to the opening of new EDC Blockchain and the ECRO System project representations in different countries. In 2019, representations were opened in Turkey, China, and Latin America! EDC and ECRO representations allow members of our community to get acquainted with the company’s innovative developments and provide the opportunity for personal communication with community leaders in different countries.
During this year, the EDC Blockchain and ECRO System team held dozens of educational seminars and presentations for our community members from China, Turkey, Ukraine, Nigeria, Colombia, Venezuela, and Indonesia! Our educational events are the best way to learn about the EDC Blockchain platform and the ECRO System products, communicate with project representatives and leaders of our community, and find out how to use our innovative developments to improve everyday life!
We are actively working on the creation of the ECRO Academy educational platform. In 2019, the Academy received a functionality that will allow users developing and getting new knowledge in the area of the latest blockchain technologies, management, and marketing, and gaining professional skills to work in these areas!
Along with this, we held a major meeting and team-building event in Georgia for the international leaders of our community. The meeting was attended by EDC and ECRO community leaders from China, Latin America, Turkey, and Indonesia. This meeting made our team more united and charged participants with positive emotions for the most productive work!
This year, we have developed a detailed roadmap with all the important stages of the EDC Blockchain platform’s future strategic development for the next 2 years. This allows our community following the stages of the platform’s development and making sure the EDC Blockchain team accurately and timely fulfills all the points indicated in the roadmap.
Our company expresses its deep gratitude to the EDC Blockchain and ECRO System team participants, our partners, and the international leaders of our community! We are confident that the enthusiasm and desire for success that they demonstrate will allow us to double our achievements in the new 2020!
We wish you a Happy New Year and let this year pass for you in constant development and striving for success to achieve all your goals together with the EDC Blockchain and ECRO System!
via https://blockchain.mn
#edcblockchain #cryptocurrency #global_platform #graphene #lpos #coin_constructor #masternode #leasing #edc #edccoin #edcmining
submitted by EDC-Blockchain to u/EDC-Blockchain [link] [comments]

Stellar Lumens HODL alert: 2017 Round up, Partnerships, Lumens vs. Other Cryptos

Welcome everyone! The future of Stellar Lumens is bright! Today we will look at the accomplishments of Stellar.org in 2017.
. .
2017 Round Up
IBM / Stellar Partnership
• Kik Messenger’s KIN coin to move from Ethereum to Stellar in 2018
• Stellar ATM introduced in Singapore
• Jed McCaleb confirms IBM/Stellar has 30 banks on board (Youtube Video)
Lightyear.io enables forward thinking financial entities to easily join the Stellar ecosystem.
• IBM adds 8 new validators from 8 different countries onto the Stellar network (article)
Forbes calls Stellar “venmo, but on a global scale - and for larger bodies like banks and corporations.”
• Stellar Lumens Is Up 6,300% Since March and Is Aiming for Big Blockchain Partners (article)
• Many new partnerships (listed below) that will be using the Stellar network in 2018.
Binance and GoPax Exchanges Adds Stellar
Ledger Nano S support is now available for Lumens (XLM)
• The next coin to break into the top 10 cryptos (article)
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2017 Partnerships & Financial Institutions
IBM - is an American multinational technology company headquartered in Armonk, New York, United States, with operations in over 170 countries. IBM partnered with Stellar to help financial institutions address the processes of universal cross-border payments, designed to reduce the settlement time and lower the cost of completing global payments for businesses and consumers.
SatoshiPay - a web payment system that helps online publishers monetize digital assets like news articles, videos, or PDFs in tiny increments without friction.
EXCH.ONE - is a FinTech software company based in Switzerland currently working to integrate its platform and its first technology adopter Euro Exchange Securities UK Ltd. into the Stellar network. This addition to the Stellar network will bring access to currency markets of South and Central America,UK and a number of EU countries.
Novati (ASX:NOV) - is an Australian-based software technology and payment services provider. Novatti is currently working to integrate it’s platform into the Stellar network with the ultimate aim to build a global money transfer solution to provide cross border, cross currency and cross asset payments.
Pundi X - is an Indonesia based fintech company that provides POS device, debit card, multi-currency wallet that empowers individuals to buy and sell cryptocurrency at any physical store in the world. They say "buying cryptocurrency should be as easy as buying a bottled water."
MoneyMatch - is a Malaysia based fintech startup that provides a fully-digital peer-to-peer currency exchange platform for customers to transfer and exchange foreign currencies with complete ease and at great value. The company plans to integrate with the Stellar network and enable pay in and pay out from Malaysia.
Streami - is a Korea based fintech company that offers blockchain enabled cross-border remittance service and recently launched a cryptocurrency exchange. The partnership extends both on the exchange side and remittance operations.
Neoframe - is developing and marketing trading solutions for big brokerage firms in Korea and extends its business to blockchain based applications. Neoframe developed high performance centralized cryptocurrency exchange as well as secure wallet solutions and is working with big financial players. The company is planning to launch a remittance business for ASEAN countries (Thailand, Vietnam, Indonesia, Malaysia, Philippines, Singapore, Myanmar (Burma), Cambodia, Laos, Brunei) using Stellar.
SureRemit($RMT) - is a Nigeria based global non-cash remittances company. SureRemit leverages the Stellar blockchain platform to connect immigrants abroad directly with merchants that provide the services needed by their loved ones back home. With Remit tokens, immigrants all over the world can access digital shopping vouchers that can be spent on goods and services at accepting merchants wherever they are.
Cowrie Integrated Systems - is a Nigerian based Value Added Service Provider. Cowrie provides services at the intersection between telecoms and finance. Cowrie recently joined the Stellar network to bring novel fintech services to the African market.
Smartlands - is a Stellar-based platform designed to create a new class of low-risk tokens, secured by real, profitable assets in the real-world economy. Smartlands is designed to promote investments in the agricultural sector by allowing investment in individual projects, agricultural companies or indexes of groups of projects. These investments will be fully collateralized by agricultural real estate, other productive assets such as fruit or nut trees or, in some cases, the actual crop.
Klick-Ex - is an award winning regional cross-border payments system delivering financial infrastructure for emerging markets. It has been responsible for dramatic uptake in digital financial services in unbanked regions of the world, and lowering costs for banks, central banks and consumers in low liquidity currencies. Its key presence is in the Pacific and Europe, and it is a founding member of www.APFII.org processing more than 775,000 transactions per second, per billion of population (source).
Mobius - Mobius connects any app, device, and data stream to the blockchain ecosystem. Our simple and easy to use bidirectional API allows non-blockchain developers to easily connect resources to smart contracts and more. The Mobius MVP acts like Stripe for Blockchain by introducing innovative standards for cross-blockchain login, payment, smart contract management, and oracles. The Mobius Team includes David Gobaud, Jed McCaleb (Stellar.org founder), Jackson Palmer (creator of Dogecoin), and Chandler Guo (notorious Bitcoin & blockchain investor).
Chaineum - Chaineum, the first French ICO Boutique, will use the Stellar network for upcoming ICOs. “Chaineum is positioned as the first “ICO Boutique” in France, providing a range of end-to-end services to companies and international start-ups wishing to develop with this new funding mechanism. Chaineum is preparing 8 ICOs by the end of 2017, for European, North American and Asian companies, of which cumulative amount could reach € 200 million." (source)
Poseidon Foundation - Poseidon will simplify the carbon credit market with the creation of an ecosystem built on Stellar.org’s blockchain technology. This technology will prevent double counting of carbon and will be consistent across jurisdictions, making it easier for companies to deliver and measure progress towards their climate targets or other goals such as deforestation-free commitments.
Remitr - Remitr is a global platform for cross border payments, licensed in Canada. Remitr uses the Stellar network for international settlements for businesses as well as other payment partners. Remitr’s own payout network of 63 countries, comprising several currencies, is extended onto the Stellar network.
MSewa Software Solution (MSS) - MSewa Software Solution (MSS) Payments provides a one-stop digital payment service available across the Globe. MSS Payments aims at serving the consumers (Banked, Unbanked and Underbanked) with mobile banking facilities on the move from anywhere by transferring funds in their mobile phone.
PesaChoice - PesaChoice is a leader in international bill payment services for the African diaspora. PesaChoice aims at making international bill payment process easy, seamless, secure, with reasonable and competitive service fees, and up to date technological advances.
SendX - Singapore based SendX, in partnership with Stellar, is the better way to move money worldwide. The SendX team believes that the future of transactions is decentralized and distributed, bringing true equity to everyone across the value chain.
VoguePay - VoguePay, with offices in the United Kingdom and Nigeria, is partnering with Stellar to become the cheapest and most efficient way to send money between the United Kingdom and Nigeria. In the coming months, they expect to expand this service to other selected African countries.
HashCash - Hashcash consultants build financial solutions for banks and financial institutions over blockchain. We leverage the Stellar platform to build products that vastly improve the remittance and payments experience for banks and their customers. Transfers happen lightning fast at a fraction of current rates and operational cost is significantly reduced. HashCash is headquartered in India, with operations across South Asia and the Gulf.
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Stellar Lumens vs Other Cryptocurrencies
Lumens vs. Bitcoin: Jed McCaleb spoke at Distributed Markets in 2017 about the advantages, but more importantly, the disadvantages of Bitcoin. Listen to the talk here. Jed said, “Bitcoin is this awesome innovation. The first thing it does is converts a real world resource, electricity, into a digital asset. So it takes something from the real world and puts it into the digital realm. The second thing it does is provides immutable public record. It’s basically a database that everyone can see but no one change arbitrarily… That’s great, Bitcoin solves the double spin problem [ of proving possession and transmitting volume]… [However, to fix the problems of bitcoin] you might think well maybe we’ll just kind of keep adding [software] to Bitcoin until we get there, but that’s not really the way software works. You want to have the design from the beginning and solve these simple issues. Bitcoin was designed to be a new currency, it wasn’t really designed to be this unifying universal payment network. So that’s what Stellar does. It solves these three remaining issues.”
Lumens vs. Bitcoin #2: According to wired.com, "Bitcoin mining guzzles energy - and it's carbon footprint just keeps growing." Wired says "Today, each bitcoin transaction requires the same amount of energy used to power nine homes in the US for one day... The total energy use of this web of hardware is huge—an estimated 31 terawatt-hours per year. More than 150 individual countries in the world consume less energy annually. And that power-hungry network is currently increasing its energy use every day by about 450 gigawatt-hours, roughly the same amount of electricity the entire country of Haiti uses in a year." Because Stellar is based on a consensus algorithm rather than mining, it takes much less energy to run the Stellar network. The Poseidon Foundation decided to build their platform on Stellar rather than Ethereum or Bitcoin because of this (twitter source).
Lumens ICO tokens vs. Ethereum ICO tokens: According to Stellar.org, "traditionally, ICO tokens have been issued on the Ethereum network in the form of ERC20 tokens. ERC20 tokens are easy to issue and are infinitely customizable using Ethereum’s smart contracting language. However, recent events have highlighted and exacerbated some weaknesses of the network, including slow transaction processing times for the network during ICOs and increasingly expensive gas prices (by fiat standards) for transactions and smart contract execution. Moreover, many organizations require only basic tokens; they adopt the risk of Ethereum’s Turing complete programming language without taking advantage of many of its benefits."
"While Ethereum has the most expressive programming capabilities, we believe Stellar is the best choice for ICOs that do not require complex smart contracts. Stellar’s primary goal is to facilitate issuing and trading tokens, especially those tied to legal commitments by known organizations, such as claims on real-world assets or fiat currency."
Stellar vs. Ethereum #2: The median transaction time on Stellar is 5 seconds, compared to approximately 3.5 minutes on Ethereum (source). Stellar has a negligible transaction fee (.00001 XLM ~= $0.0000002) with no gas fee for computation, while depending on the complexity of the computation, the median cost for a transfer on the Ethereum network is $0.094. Security: While both Stellar and Ethereum run on a decentralized network, the Stellar network has fewer security pitfalls. Stellar uses atomic transactions comprised of simple, declarative operations while Ethereum uses turing complete programming capabilities which produces less auditable code and greater risk of exploitable vulnerabilities (source). Recently, a security flaw in the Ethereum network froze millions of dollars. According to Mobius ariticle written by David Gobaud, "On November 6, 2017, Github user deveps199 'accidentally' triggered a bug in Parity, a popular Ethereum mult-sig wallet, that froze more than $152 million in Ether across 151 addresses. The bug impacted several token sales including Polkadot, which has had ~$98 million out of its recent $145 million sale frozen."
"Mobius had none of its ongoing pre-sale Ether frozen because we do not trust Ethereum’s Smart Contract based multi-sig wallets given the vast Turing complete attack surface and did not use one. Security broadly is one of the main reasons the MOBI token that powers the DApp Store is a Stellar Protocol token and not an Ethereum token."
Lumens vs. Ripple: According to Wall Street Bitcoin Exchange, "Many investors like to compare the company [Stellar] to Ripple, and there are a lot of similarities, being that some of the founders worked on the Ripple team. In what can now be looked at as another blockchain development drama that plays out on chat boards and in interviews all across the globe. Stellar declared they fixed Ripple’s problems with their hard fork, however, Ripple has failed to admit to any of the flaws in its design that the Stellar team has pointed out." The article concludes by saying, "We Choose XLM Over XRP For 2018. That is why we are going with Stellar Lumens over Ripple in our portfolio for the rest of 2017 and 2018. After holding Ripple for a long time this year, it just never seems to make the big break like other names with bigger market caps like Bitcoin Cash, Dash, and Litecoin have. While we are holding on most all our larger market caps, we feel that Stellar Lumens will be one of the break out coins for 2018."
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Conclusion
The stellar.org team is doing an amazing job making partnerships and pioneering the use of blockchain technology for various types of transactions. What we are seeing is a new technology that can actually be used to solve real-world problems. As a community, we need to continue supporting Stellar and we will quickly see it power transactions across the world. What are your thoughts about Stellar? What do you see in the future of Stellar? Any important news you want to share? Comment below.
submitted by chargingerman to Stellar [link] [comments]

SureRemit Community: Weekly Update - Jan. 25th, 2019.

SureRemit Community: Weekly Update - Jan. 25th, 2019.

SureRemit Weekly Update Jan. 25th 2019
NEW MERCHANTS/MARKETS
Progress is made integrating the vouchers for India, Turkey and the voucher portfolio of WeGift which includes USA, Canada, Australia, Europe and more. For India, we expect to have the first batch of vouchers/merchants (approx. 80 mainstream merchants) to be available next week.

EXCHANGES
As stated in our 2019 Roadmap, we’re adding another exchange in Q1. Currently, we’re reviewing which exchanges suit our needs best and also have reasonable listing fees/conditions. More exchange listings provide exposure and visibility in the crypto landscape which also supports our endeavor. Ultimately, our success and upwards RMT price development is fundamentally supported through users of our services. The recently established global partnerships and hundreds of new merchants being added to our platform provide the necessary ‘inventory’ to achieve this. We’re very excited about the current developments and will update you on new exchange listings once we can.

TECH
SureRemit App updates
In-app purchasing/wallet funding of RMT and PIN login is currently being tested and we'll push the update next week.

Busha
The Busha team made excellent progress! Apps are now awaiting app store approvals. We'll be pooling beta users in Nigeria (for fiat transactions). The full trading engine is expected to be ready in a few weeks. RMT holders will have additional benefits using Busha, an example is Market Maker rewards paid in RMT. Other benefits will be disclosed once Busha is fully operational.
MARKETING
SureRemit established cooperation with Blockfolio! We will start using Blockfolio’s Signal feature to update on our progress, new merchants and other relevant developments.

SureRemit App referral program
SureRemit app has a referral program which gives you and the referred $5,- each, check it out in-app at the ‘Invite’ section!
DOWNLOAD SUREREMIT APP
Android: https://play.google.com/store/apps/details?id=com.suregifts.sureremitiOS: https://itunes.apple.com/nl/app/sureremit/id1102261592?mt=8
ROADMAP 2019
https://medium.com/sureremit/sureremit-roadmap-2019-1dfb3eb8775b
RMT EXCHANGES
LATOKEN: https://wallet.latoken.com/market/Crypto/ETH/RMT-ETH
SDEX: https://www.stellarx.com/markets/RMT:GDEGOXPCHXWFYY234D2YZSPEJ24BX42ESJNVHY5H7TWWQSYRN5ZKZE3N
StellarTerm: https://stellarterm.com/#exchange/RMT-sureremit.co/XLM-native
SUREREMIT SOCIAL
Join our Social Group: https://t.me/SureRemitSocial
This group is created for all of you SureRemit holders and enthusiasts for community social interactions. SureRemit Circle focuses on providing service, team contact, updates and answering questions.
BUG SOLVING
Despite thorough testing, bugs could occur in the SureRemit app. If you encounter any, please be so kind to log them using this form or contact us in App. Thanks for your help! https://docs.google.com/forms/d/1SczS7XxYDFU7nKUU3Ls1FRmryUrDrX9ueJwdYRS77N4/viewform?edit_requested=true
MERCHANT SUGGESTIONS
Use this form to submit your merchant suggestions: https://docs.google.com/forms/d/e/1FAIpQLSeSKDorxH_dAKGmMb-Qz3Xn7r_5o9LTPG7cEroWGC7Xh-BW_g/viewform
TOKENSWAP
For those of you who have not swapped their old RMT for new RMT please DM @sellucius in Telegram for the swap instructions.
JOIN OUR COMMUNITY
https://sureremit.co/
Twitter: https://twitter.com/SureRemit
Facebook: https://www.facebook.com/sureremit/
Medium:https://medium.com/sureremit
Telegram: SureRemit Circle: https://t.me/sureremit
SureRemit Social: https://t.me/SureRemitSocial
Reddit: https://www.reddit.com/sureremit/
SureRemitFacts: https://sureremitfacts.com/
submitted by SelwynSR to sureremit [link] [comments]

The Regulatory/Legal Environment

Hello! My name is Daria Volkova and I am the Head of Platinum Legal Department. Our team believes that these are exciting times for the crypto market. We supported more than 100 clients, created and promoted their STO and ICO campaigns, got from an idea to funding in a matter of 2.5 months! See the full list of our services: Platinum.fund We are more than proud to present our education project. The UBAI can help you to learn specifics about cryptocurrencies and blockchain technologies. Learn all about ICO avenues and opportunities, plug into the world of trading cryptocurrency markets, become an expert in scam projects, promoting ICOs and STOs, launching your own campaigns and many more! What are the different cryptocurrency regulations in major countries? Find the answer after reading this article.
Cryptocurrency Regulations across Major Countries
Cryptocurrency and the blockchain industry may seem sufficiently exciting and attractive to you now. After all, you are taking the time and effort to study this course. You may be planning to work in cryptocurrency and the blockchain industry. Of course, we want to encourage you and help you proceed toward your goal. But it is also important you understand the regulations guiding the blockchain industry to help keep yourself out of trouble.
This year, in particular, seems to be the year in which a lot of countries are looking to finally coalesce the regulations relating to the blockchain industry into a workable legal framework. Some countries are more accommodating to cryptocurrency and blockchain technological innovations while others are still more cautious. We will examine how each major country is forming their own regulatory framework for the blockchain industry.
Canada
Cryptocurrencies are not considered legal tender in Canada. This was clearly expressed by the country’s Financial Consumer Agency (FCA). Canada, like the US, has yet to clearly define or legislate a framework surrounding cryptocurrencies. But Canada still appears to be among the most transparent of countries for the nation’s interpretation and enforcement of the law surrounding cryptocurrencies (aside from Switzerland). For the time being, Canada has clearly stated its reluctance to adopt cryptocurrency as a legal tender, due to its high volatility. “ “The United States of America (USA)
There are certain laws regarding transactions in virtual currency in the US today but there is still no comprehensive legal framework. The Commodity Futures Trading Commission currently regulates virtual currencies as commodities. The CFTC is the first US regulator to allow for public cryptocurrency trading. The Securities and Exchange Commission requires registration of any virtual currency traded in the US if it is classified as a security (e.g. by the Howey test).
The regulatory authorities have not yet formulated or offered a coherent framework for regulations regarding cryptocurrencies. Typical of most legislators and regulatory agencies in the US, the Securities and Exchange Commission (SEC) has intensified its focus on the pressing need for comprehensive regulation. And it seems everyone is waiting for the right catalyst to coalesce into a usable set of legal guidelines that can protect the investing public and also allow for blockchain and cryptocurrency innovation as well.
If cryptocurrency becomes a form of legal tender in the US, there will likely be stringent laws on its use. However, if cryptocurrency is treated like a security, cryptocurrencies would be regulated under securities law as interpreted by the SEC. Present securities laws place a large number of limitations on who is able to buy securities, how they are traded, and how to ensure transparency in the flow of information relevant to investors. Also note that non-US investors may experience their own difficulties getting a license to trade cryptocurrencies in the country. “ “Japan
Japan has always been one of the most positive and forward-thinking nations regarding cryptocurrencies and the blockchain. Of course, they were cautious at first, and they knew no more than anyone else in government, which means they literally knew nothing. But they took time to research, learn, and develop an approach to regulate the industry without killing it. The official policy is clear: Protect the public interest, but also encourage the growth of the industry with a legal framework that allows for innovation in blockchain and cryptocurrencies.
China
The situation in China is a sad one. The country has been taking increasingly strict actions to discourage and outlaw any activity related to the blockchain industry. China has banned ICOs, frozen all accounts associated with cryptocurrency, stopped bitcoin miners and even ordered a nationwide ban on all forms of cryptocurrency trading.
China has the strictest laws against cryptocurrency. Yet, despite that fact, as of 2017, 50% of the world’s mining population was from China! If you are involved with the cryptocurrency industry it is strongly advised to stay away from China, and avoid transactions with Chinese business because of the unpredictable and negative legal framework.
“ “The United Kingdom & European Union
Brexit is scheduled to take place in March 2019, yet the UK and the EU still remain united in their regulatory attitude toward cryptocurrencies. There are also reports that the UK and EU are planning to end anonymity for cryptocurrency traders.
The UK and EU are both trying to control all the scams and frauds. They are working with cryptocurrency platforms to stop or at least report all suspicious transactions. This adds a degree of regulatory burden on the exchanges as well as increasing the associated compliance costs. Cryptocurrencies are extremely volatile. They are a high-risk investment. Governments across Europe are greatly concerned about the possibility of both retail and sophisticated investors losing a lot of money.
This has led to a situation similar to that in the US. The regulatory authorities have not yet formulated or offered a coherent framework for regulations regarding cryptocurrencies. There is an intense focus on the pressing need for comprehensive regulation. And everyone is waiting for the right catalyst to coalesce into a usable set of legal guidelines that can protect the investing public and allow for blockchain and cryptocurrency innovation as well. We certainly hope for intelligent and effective legislation from all the major countries. “ “Accommodating & Unaccommodating Countries
Below is a list of countries we have not specifically covered, but they have each taken an active position on a regulatory framework for cryptocurrencies. The following countries are either supportive or at least neutral toward cryptocurrencies:
-Switzerland. -Australia. -Nigeria. -Ghana. -South Africa. -Singapore.
Countries with the most stringent and negative cryptocurrency regulation:
-Venezuela. -South Korea. -India. -Russia.
Did you know?
It is not uncommon to see Bitcoin and other cryptocurrency ATMs throughout Japan.
Exchange robberies and hacks like MtGox, and the recent loss of $530 million NEM coins have led to serious debate in the Japanese government. The industry needs to provide a secure and manageable solution to these problems. Voluntary self-regulation and close cooperation with regulatory authorities is the most favored solution. It seems the regulators are working hard behind the scenes right now leading the industry in the desired direction in typical Japanese fashion. “ “Blockchain Industry Regulations in the USA
Based on the information received from the Columbia Science and Technology Law Review, there was a variety of responses from different government bodies about blockchain regulations. The regulators responses ranged from indifference to suspicion, and to positive expectation and excitement.
The US government has tremendous constitutional power to regulate business and industry, including of course the blockchain industry if it so desires. But basically, the federal government has been relatively indifferent and has even refused to speak on blockchain regulations despite the interest of various federal agencies. As of 2017, eight states in the US were working on bills promoting the use of cryptocurrency and blockchain technologies. It is even reported that a few states have actually begun the final steps before voting and passing legislation into law.
On April 3, 2018 Arizona introduced a law allowing corporations to hold and share data on the blockchain. The governor, Doug Ducey, put forward the legislation after the state began accepting signatures and smart contracts recorded on the blockchain as legally valid documentation. In 2017, Delaware was the first state to pass legislation allowing for shares of stocks to be legally traded on the blockchain.
Other notable developments have occurred in the US at the state or local level. Vermont makes use of blockchain as evidence in trials. Chicago uses blockchain to maintain real estate records. New York is currently evaluating four bills for the application of data storage on the blockchain. “ ” Blockchain Regulations in Europe
The entire European Union has approached blockchain with a positive and welcoming attitude. The EU has taken the position that they want to actively encourage innovation. This philosophy could support the development of cryptocurrencies in two ways:
-Encouraging the exploration of uses testing the impact and effect of the laws in a way that allows for a more finely-tuned and sophisticated understanding for all parties involved.
-Giving entrepreneurs the confidence that their target markets will be more trusting of their solution since they are operating with the explicit legal support of the state.
This approach, along with the EU’s scope as the regulator of 28 different countries, will encourage growth across the entire crypto ecosystem, and may end up transforming Europe into one of the most desirable destinations for blockchain development. Entrepreneurs are likely to move to the EU bloc to access the rich vein of available talent, as well as the positive and supportive laws.
The EU has actually disclosed through its executive arm that it is working on the use of blockchain for distributed ledger based projects. EU officials have constantly stated they are looking for ways to support more innovation with distributed ledger technology. The European Commission said it was “”actively monitoring Blockchain and DLT developments”” and has work in progress to explore “”DLT benefits and challenges as well as fields for application in financial services””.
The official press release stated that the commission clearly wants to “”pilot projects to foster decentralized innovation ecosystems and help reshape interactions between consumers, producers, creators and among citizens, businesses and administrations to the end benefit of society””. “ “Blockchain Regulations in Europe §2
Switzerland has gradually become the favored hub for cryptocurrency and blockchain development in Europe. This position has been enhanced through a Swiss non-profit blockchain and cryptographic technology ecosystem known as the Crypto Valley Association.
The Crypto Valley Association has begun working on the development of an ICO Code of Conduct to take advantage of the ban imposed by China on token crowd sales. They are hoping to capture the Chinese and Asian entrepreneurs searching for a new home.
Other countries are not as accepting of this new DLT technology and have even gone as far as classifying it as illegal and immoral behavior. There have been hyperbolic concerns most notably from China that cryptocurrencies will destabilize world financial markets.
There are various pilot projects and efforts to prove the benefits of cryptocurrencies and the blockchain industry currently being tested all across Europe. Yet even now they are barely scratching the surface of the full potential of the blockchain.
Country-by-Country Cryptocurrency Adoption
Citizens of countries all over the world have varying attitudes about cryptocurrency. These attitudes and sentiments can be very significant to the future adoption of cryptocurrencies because politicians and regulators tend to act in consideration of the collective opinion of the public. Some countries were more accommodating at first but then became stricter, despite positive public interest, basically saying they are still not sure about the possible consequences and benefits of the technology. “ “Country-by-Country Cryptocurrency Adoption
Estonia
Surprisingly enough this small Baltic nation has gained a reputation for being quick to accept technological innovation. Estonia has a tech-friendly government eager to accommodate the innovative use of cryptocurrency in fields ranging from blockchain technology for healthcare and banking services; and even granting citizens the right to become what is known as “e-Residents”.
As e-Residents, Estonian citizens and businesses are provided with digital business authentication. It is also one of the first countries to employ the use of a blockchain-based e-voting service that enabled people to become shareholders of NASDAQ’s Tallinn Stock Exchange.
This fascinating and highly innovative country is now host to a number of Bitcoin ATMs and startups, like Paxful. They are cryptocurrency friendly, and cryptocurrency user friendly as well. Estonia also has highest internet penetration rates in the world.
Estonia may be a fine place to consider basing your ICO due to the friendly legal and regulatory environment.
This and a lot more you can learn on our website: www.ubai.co! “ “Country-by-Country Cryptocurrency Adoption
The United States of America
The USA is the world’s dominant superpower, and it should come as no surprise that it has the highest number of cryptocurrency users in the world. It also has the highest bitcoin trading volume and the highest number of bitcoin ATMs.
Powered by Silicon Valley, which is home to a lot of cryptocurrency and blockchain startups, the US stands at the forefront of all things relating to cryptocurrency worldwide. Many other nations are planning to follow the US lead concerning cryptocurrency regulations. This means the USA will serve as the testing ground for cryptocurrency and crypto-regulation in the years to come. This is likely where the future regulatory framework will take shape.
Bitcoin in particular has shown massive growth in the US. This can only be interpreted as a strong tailwind for a positive regulatory environment because the population at large supports blockchain technology.
For the moment, due to regulatory paralysis and the resultant legal vacuum, ICOs are strongly advised against raising funds or basing operations in the US. The SEC has been particularly strict in its enforcement of securities and investment law which require an ICO to do an oppressive amount of compliance work. “ “Country-by-Country Cryptocurrency Adoption
Denmark
When it comes to technological advancements and the standard of living of its citizens, Denmark is among the world leaders. It is considered one of the most developed countries in the world. It is also at the forefront of countries looking to reduce the use of cash money and advance to the use of 100% digital currency. As such, sentiment among the general public and political sphere actively supports the adoption of cryptocurrencies as a means of payment. The only question left is which particular cryptocurrency system to adopt. It is still unclear whether bitcoin is the one, or BTC will mainly just be accepted as a means of exchange. There are also discussions in Denmark about when to redesign its national financial system; this would be a “world first”, and a radical leap forward for cryptocurrencies.
Another fascinating thing is that the Danish Central Bank has declared BTC as a non-currency; meaning its use is not subject to the country’s currency regulations. Some of the top bitcoin startups and exchanges such as CCDEK have their foundations in Denmark.
With its open market and encouraging regulatory framework, Denmark might very well rival Switzerland in Western Europe for the position of the continent’s preeminent ICO and blockchain industry hub. “ “Country-by-Country Cryptocurrency Adoption
Sweden
Sweden is quite similar to Denmark, for its social and demographic climate, and also for the government’s desire to eliminate cash. The Swedish Riksbank recently introduced negative interest rates. This can cause a spike in the demand for coins in the near future as citizens look for the best way to preserve their wealth. Negative interest rates like we have seen in Europe and Japan also, actively corrode savers’ wealth because people are actually paying a percentage of their savings to the central bank to hold their cash, in addition to losing out to inflation at the same time.
Sweden has taken the boldest step yet in all of continental Europe to legalize cryptocurrency. The country legalized the use of BTC and other cryptocurrencies as a means of payment by official public declaration. It is however expected that exchanges should file for a license in accordance with AML/CTF and KYC regulations.
Sweden is also home to a number of cryptocurrency startups such as the Safello Bitcoin exchange, and Stockholm-based KnCMiner. The gradually increasing trading volume of cryptocurrency has been a good indicator of the country’s appreciating demand for cryptocurrencies. “ “Country-by-Country Cryptocurrency Adoption
The Netherlands
The Netherlands is quite fascinating in its own right. How can a country not be referred to as Bitcoin-friendly when it can boast about having its own “Bitcoin City”? There are over 100 merchants that sell goods that can be purchased with cryptocurrency in Bitcoin City.
There are no regulations restricting the use of BTC in the Netherlands under the Act on Financial Supervision of the Netherlands. This explains why a lot of startups, BTC ATMs, and even a Bitcoin Embassy can be found in the heart of Amsterdam (the capital of Netherlands).
The friendly climate for cryptocurrency has led to a lot of very active bitcoin communities across the nation hosting regular meetups and other events. The country’s banking sector has been looking to incorporate BTC and blockchain to reduce costs and improve banking technology. The Netherlands is also a popular location for many important bitcoin conferences and bitcoin companies such as BitPay.
The Netherlands is increasingly becoming a prominent place for ICOs and blockchain related businesses to base their operations. “ “Country-by-Country Cryptocurrency Adoption
Finland
Well-known as the home of Nokia, Finland has constantly been at the forefront of technological innovation, just like its other Scandinavian neighbors. The Finnish Central Board of Taxes (CBT) has even gone as far as classifying bitcoin as a financial service, exempting it and cryptocurrency purchases from the VAT. What more could be better for Bitcoin?
Finland also boasts a significant number of BTC ATMs despite its small population. The capital of Helsinki alone is reported to have 10 ATMs for BTC. The country is also home to top exchanges such as FinCCX and Bittiraha.fi. As of January 2016, the most expensive bitcoin sale took place in Finland. It involved the sale of a Tesla Model S worth over €140,000 at Auto-Outlet Helsinki Oy.
Canada
Canada is home to a variety of bitcoin startups and ATMs. It is considered to be more favorable toward cryptocurrencies than the USA. The country has two cities on its eastern and western coasts, Toronto and Vancouver, that are recognized as “Bitcoin hubs”.
Canada has a vibrant cryptocurrency community and is home to startups such as Decentral, the Vanbex Group and a large number of merchants who accept cryptocurrencies as payment. Vancouver is known to have over 20 ATMs while Toronto is well-known for holding large cryptocurrency conferences.
There has been constant growth in cryptocurrency trading volume in the country. Canada might be the best location in North America to base an ICO or operate a blockchain business due to its supportive regulatory environment and a rich ecosystem for cryptocurrency, with human talent, ATMs and other tools, etc. “ “Country-by-Country Cryptocurrency Adoption
United Kingdom
The UK is one of the absolute top financial hubs in the world. It is also a center of innovation. There are a large number of bitcoin and blockchain related startups, BTMs and active communities. All of the previously listed crypto-friendly features make the UK a very desirable environment for bitcoin. The UK has identified the inevitable need for a new payment solution and is gradually bracing itself for a widespread adoption of cryptocurrency in the future. There are even a few local pubs that accept BTC as a means of payment.
It is also interesting to note that the Bank of England has been closely monitoring bitcoin technology and has requested ideas from citizens on the improvement of its monetary system. Bitcoin is presently seen as “private money” where VAT is imposed from suppliers of goods and services that accept cryptocurrency as payment. Profits and losses incurred from cryptocurrency trading are also subject to capital gains tax, just as in the US.
In the UK, it has become increasingly clear that BTC can be part of a bigger story, and the trading volume indicates steady growth. There are not clear laws against cryptocurrencies at the present time. But the lack of regulatory momentum suggests we may see more positive developments soon. One thing to keep in mind, while the Brexit is still in progress, the British government may be more likely to legislate on non-core issues. “ “Country-by-Country Cryptocurrency Adoption
Australia
The major banks in Australia have been quite hostile toward bitcoin, but at least the country has removed the burden of “double taxation” on cryptocurrency. This was good news to the local business community because blockchain startups had begun to leave the country as a direct result of unfavorable taxation and closure of bank accounts.
The use of BTC still remains unregulated, there is no law or regulation restricting the use of cryptocurrencies by Australian citizens. Cryptocurrencies are regarded as a form of property in Australia, and purchases with BTC, for example, are referred to as “barter”.
The Australian Securities Exchange (ASX), you will remember, is transitioning its CHESS verification system to a blockchain solution that should go live at the beginning of 2019. Cryptocurrencies in Australia are seen a lot like they are in the US. Topics like the imposition of capital gains tax, concern about securities law, the legal debate about using cryptocurrency as payment for goods and services, etc., are all problematic for regulators. While the general population is quite comfortable and supportive of cryptocurrencies and blockchain solutions, at the present it is not a high priority for the government to legislate or regulate. “ “Taxation and Cryptocurrency
Tax is of course one of the most important factors in financial matters on both a personal and corporate level. Taxes greatly influence investment decisions and returns, regardless of industry or size. It is one of the first things every individual or group considers before investing. Notably, in Australia and the USA, cryptocurrency gains are treated as capital gains and taxed at up to 50% of the return.
Some countries have low cryptocurrency taxes specifically to encourage the blockchain industry. By offering a more competitive tax rate, countries are implicitly supporting cryptocurrency and actively trying to offer a better return profile than other countries. We will discuss the different taxation regimes in a wide range of countries so you can ascertain the financial advantages and disadvantages of a variety of locations.
Belarus
Belarus charges 0% in taxation until 2023. That exemption is specifically for cryptocurrency exchanges and transactions. This has been done to help Belarus build a special economic zone, referred to as ‘HTP Belarus’. Their goal is to have an economic zone strong enough to compete with the likes of Silicon Valley.
The government of Belarus has also declared smart contracts as legal documents. Anyone looking to set up a blockchain company or a cryptocurrency startup should seriously consider Belarus. It has a supportive regulatory and legal environment which actively encourages the blockchain industry and does not impose punitive taxes upon those inside the industry.
“ “Taxation and Cryptocurrency
Portugal
Any and all personal income received from cryptocurrency transactions is tax-free in Portugal at the present moment. Income from cryptocurrency trading is categorized as something legally different from traditional income or capital gains.
The Portuguese government stated clearly that any kind of sale of cryptocurrency does not fall under capital income or capital gain. If an individual is however found to be carrying out professional activity, or any business activity related to cryptocurrencies, that is a different matter and such income will be subject to taxation.
From a personal perspective, Portugal is one of the leading countries where an individual can carry out their cryptocurrency transactions and enjoy a decent standard of living in the same country too. However, for ICO and Blockchain businesses it is not recommended to base your operations in Portugal.
China
China is famous the world over for being home to some of the largest cryptocurrency mines and many active cryptocurrency investors; yet at the same time China makes it illegal to conduct any cryptocurrency related business or investment.
But China still has an especially attractive environment for investors. Hong Kong runs on a policy of zero VAT or capital gains tax so it is easy to recommend you base your business there. Hong Kong also stands out as a major financial hub in the heart of Asia. “ “Taxation and Cryptocurrency
Netherlands
Actually, Netherlands was the first country to make use of a non-zero tax rate policy for cryptocurrencies. So, it may seem reasonable to expect a discouraging tax situation. But the fact is, Netherland’s tax policy is rather advantageous for cryptocurrency. They have a very simple, low-tax regime.
Cryptocurrency assets need to be declared with the total assets owned by an individual at the beginning of the year to assess their value. Cryptocurrency gains will be taxed at the highest tax bracket for capital income of just around 5%. The Netherlands is strongly recommended as a good country to work and live in, from both a personal and corporate perspective.
Germany
Germany is the economic center of the EU. This makes it a great place to start a cryptocurrency or blockchain company. Financial technology has been thriving there for more than ten years, and Germany has favorable cryptocurrency laws too.
Bitcoin and cryptocurrency assets have a 0% tax when used in making payments due to no VAT levied for making payments with BTC, because there is no “value added” through cryptocurrency as a fiscal product.
Germany offers a moderately compelling case for both blockchain business and individuals. While the tax rate on income at the company level is not competitive, the ability to pay for services in crypto as well as hold cryptocurrency assets and sell them at zero percent taxation rate is compelling. “ “Where to Base Your ICO
Let’s talk about the countries that are most accommodating with regard ICOs. Start-up ICO companies, like any company, essentially require three key principles for operation. The first is a sound legal and regulatory framework wherein the rule of law is preserved and business encouraged. The second is the ability to hire or acquire talented individuals to work at the firm. The third and final is the tax system and access to associated financial systems in order to allow the enterprise to succeed.
Estonia
This country is, perhaps surprisingly, widely referred to as the most digital society in the world. Estonians are known to be pathfinders deeply involved in setting up an efficient, secure, and transparent internet ecosystem.
The country ranks first when it comes to the number of ICOs per inhabitant. It has an incredibly supportive tax regime, actually among the most competitive in the world, as well as a deep pool of talent across all areas of the digital spectrum. Estonia offers possibly the most supportive and friendly regulatory and legal framework in the world for an ICO. This, in combination with a zero percent tax rate at both a personal and corporate level, combine to make Estonia one of the single most appealing locations from which you can launch and operate your ICO. “ “Where to Base Your ICO
Singapore
Singapore is another important regional hub in Asia for its strong rule of law as well as low taxation. The country offers one of the highest standards of living in the world. It is centrally located in the heart of Asia, so it easy to travel and recruit talent from surrounding countries. At the present there are not any specific regulations targeting the blockchain industry, but it is one of the world’s largest countries by funds raised for ICOs. It has a competitive tax regime in combination with strict AML and KYC. All of these factors make Singapore Asia’s leading location to launch and base an ICO.
The regulatory situation around the world may seem rather complicated. That is because it is. Laws and regulations are changing rapidly all over the world. And the regulatory framework is the most significant point of concern for a startup ICO. You should carefully study not only the current regulations surrounding your particular venture and how its tokenomics affects its classification, but you also need a reasonable sense of where the country is likely to be six months or a year later. Ideally you would base your ICO in a country that is supportive now, and all timeframes into the future with a competitive and legally sound tax system.
Where to Base Your ICO
Slovenia
Slovenia has recently transformed itself into the leading destination for blockchain technology in Europe. The government of Slovenia has placed a strong emphasis on the study of blockchain technology in public administration, and there has been an amazing success rate for ICOs in Slovenia. While the Slovenian government is a leader in terms of adopting cryptocurrencies, its rate of taxation is still considered quite high at 19%, even though that is still lower than other European countries. ICOs are considered to be normal business activities where you are taxed based on the funds received from an ICO less the expenses of doing business.
Switzerland
Switzerland is trying to remain relevant for the blockchain industry and for ICOs. The Swiss finance ministry is actively trying to attract investors to the country. Switzerland is considered a very important crypto location due to fact it was home to four of the largest ICOs in the world. The country is also very attractive to investors because of its friendly regulations and digital expertise. The taxation and regulatory environment is extremely secure and positive towards the cryptocurrency and blockchain industry in general.
Are there successful ICOs that have originated from the specific countries considered? Read the full article to get the answer! UBAI.co
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