DistX has just launched its token sale platform, where projects can quickly raise funds. Users of the new exchange can now find all past, present, and upcoming token sales in one convenient location.Users can also view the smart contract guaranteed settings designated by the token sale teams and contribute straight from the DistX site.What’s more, DistX offers rewards for contributors via a unique DISTXR redemption token. This non-fungible token (NFT) is redeemable for the token sale tokens at any time, and to any address, after the completion of the token sale.DistX Project UpdatesFollowing the DistX platform’s launch in Oct.28, the project has continued reaching out to token sales teams everywhere. Plenty of promising projects have expressed their desire to run their sale on DistX. Following the massive influx of teams, DistX has now mandated KYC to deter those who might attempt to rug pull.The token sale platform announced the Never Sellephant NFT give away on Oct. 14, the second in the DistX 10 collectible series.This token is for community members who have held on to a minimum of 500 DISTX in their wallet without moving or selling them for 14 consecutive days. The first 5 participants to collect all ten collectible NFT’s stand to win 20K DISTX each.Earlier last month, the project listed DistX on UniSwap and distributed tokens, followed by listings on HotBit, Probit, and two top exchanges. DistX also announced four strategic partnerships, including BitBoy, ProBit, CoinStats, and CryptoAdventure.DistX has now joined forces with Crypto World News, one of the leading crypto and ICO related Telegram groups. The popular platform boasts over 1 million subscribers across their two main Telegram groups, Crypto World News and Crypto World ICOs.Enjoying the Benefits of Using DistXDistX was designed from the get-go to become the future of decentralized token sales, offering a…
Archives for October 2020
Tokenization of classic cars: revival of a hidden gem for financial asset diversification?
When the 1962 Ferrari 250 GTO was auctioned off for more than 48 million dollars at RM Sotheby’s Auction on August 25, 2018, many raised their eyebrows due to the astonishing amount of money some people are willing to pay for cars over the age of 30 years. Cars tend to be considered a “bad investment”, as their value drops sharply after purchase and solely human emotions give them their true “intrinsic value”. But maybe it is in fact this emotional connection to cars which makes them so attractive from an investment standpoint. Classic cars are often sold and purchased through a variety of different channels, their value is estimated by different models and in overall the industry is very regionally fragmented. The tokenization of these assets could cope with mentioned issues and lead to a standardized, equally fair system. Therefore further boosting this precious industry. —How issuer and investor can benefit from tokenization of classic carsInvesting into alternative assets like classic cars can have major advantages compared to traditional investments. After experiencing a high degree of volatility in the stock and currency markets amid the Covid-19 pandemic, aspects like store of value became increasingly relevant when looking for investments. Classic cars provide an efficient hedge against inflation and consequently inherit the role of storing value. When tokenized, ownership in classic cars and other illiquid assets can be distributed, since partial ownership is enabled. This creates perfect conditions for a diversified portfolio to minimize risks. Now even retail investors can participate in investing as they can easily acquire fractions of the typically expensive vintage cars. This will lead to a far greater capital influx, due to the fact that classic cars are morphed into 24/7, peer-to-peer tradable assets for everyone. It is furthermore easily conductible to liquidate your assets at…
Alpha Market Freelancer Site Streamlines FinTech Hiring
In this day and age, companies in the fintech and blockchain industry are actively seeking out savvy fintech freelancers. They need people who can hop on board and get the job done without having to bring them up to speed in the fast-paced, technology-dense environment.“These last few years have seen a staggering increase in freelancing worldwide, especially since COVID-19 shutdowns forced a large percentage of the workforce to lose their jobs or move into a home office. During this same time, our contacts in the fintech and blockchain industries have been struggling to find talented freelancers that are technologically up to speed. They have to move fast as fintech is constantly evolving. We wanted to create a place where startup teams could easily find and hire freelancers with fintech expertise.” — Co-Founder of Alpha Market, @BullyEsqAlpha Market is a platform that provides the fintech expertise that these tech startups are looking for. And it does so in an intuitive fashion. It takes the best of prominent sites like Upwork and Fiverr and removes the shortcomings, effectively creating a vertical online marketplace. With an open and sleek gig-client interface, Alpha Market is suitable for both companies and people looking for work. They can use the platform to acquire their “Alpha” and gain an edge up on competitors.As a freelancer site focusing on fintech, Alpha Market allows freelancers around the world to list their services for free. Likewise, employers can browse for no charge and hire without a finder’s fee.Since the start of 2020, DeFi’s competitive environment has increased in intensity. All over the world, people are reminded every day about weakening economies. Because of this, there is lots of attention to the development of open and transparent money systems that shape DeFi. The industry blossoms thanks to open-source technologies. With it,…
Proof-Of-Stake is The Future: Inevitable Reality or Myth
How secure are Proof-Of-Stake systems, how fast they are, and what is wrong with (de)-centralized social media. These questions are asked by many. Let’s try to figure it out together!Tron vs. Steem (it), or local usurpationMore precisely, Tron is against Steem, but the conflict began with Steemit. Justin Sun bought a stake in Steemit (which is essentially a Dapp on the Steem blockchain) and then tried to move the entire Steem to the Tron blockchain. The community didn’t like it — the Hive hard fork took place.Who’s guilty? Both sides. The Steem community turned out to be tight-knit, but rather, lazy. It only woke up from a thirtyfold increase in staking value when it played a trick on it. San climbed into a strange monastery with his charter and even attracted some exchanges, which managed to use users’ coins to vote.This suggests that in (D/L) PoS, the problem of seizing power, known since the days of cooperatives and barbaric raiding, has not been solved. In PoW, for example, the centralization of pools since 2018 is only visual. Nominally, the TOP pools are located in China, but the location of nodes and communities of miners shows that there is physical equipment in Siberia, and Chile, and Venezuela, and Canada, and the United States. The mining leader has also changed: China, Russia, the USA …What to do? One potential solution that I have been able to find is Fair DPoS, in which voting for delegates assumes that the stake (stake) of the participant is divided by the number of votes. For example, a participant with a share of 100 tokens voted for delegates A and B. The blockchain will take into account that each received 50. If he voted for three, then each will receive 33.33. This makes it possible to neutralize…
Central Banks CBDC Issuance Preparations Continue Amid Digital Yuan Monopolization
China is making extra efforts to create the first central bank-issued digital currency (CBDC) and legalize its commercial usage. The People’s Bank of China announced a call for public feedback on a new draft law, aiming to further clarify the legislations around the DC/EP stablecoin, dubbed as digital yuan, and actually legalize it as a form of payment.In Chapter 3 of the “Law of the People’s Republic of China on the People’s Bank of China,” the PBoC proposes several overhauls. The most noticeable change in the law, however, is that China’s native currency, the Renminbi (RMB), “includes both a physical form and a digital form.” The new amendment legalizes the DC/EP stablecoin as a “legal tender,” which would be a green light for China’s biggest state-run bank to continue piloting and expanding its digital yuan programme and even rolling it out for official usage.However, the amendments also seek to eliminate any competition of the new currency by creating entry barriers for any individual or entity that issue digital products which may replace the digital yuan’s “market circulation.”“For anyone that violates such regulation, the PBoC will halt such activities and forfeit any proceed from the making and selling of yuan-backed digital tokens and issue a fine that is up to five times of the involved proceeds,” the proposed amendment reads.The text in the proposition effectively bans competitors of DC/EP. The PBoC explains that the measure is needed for managing the money supply, which can be difficult if private entities joined the market. Japanese financial news outlet Nikkei even reported that the ban on competitors would shut the door for Facebook’s Libra stablecoin project in China.Meanwhile, as China prepares for regulatory clarification and proper legal status of its digital yuan, the Swiss central bank and the Bank for International Settlements (BIS) have…
Bitcoin (BTC) reaches its high of the previous year — investors take profits
Bitcoin was able to continue its rally, rising to last year’s high of $ 13,858. BTC dominance can benefit from this bullish move and continue to rise as well. However, a sale on the global financial market due to rising Covid-19 numbers has allowed the BTC rate to be significantly corrected in the last few hours.Bitcoin rate: $ 13,239 (previous week: $ 12,198)Resistances / Targets: $ 13,858, $ 14,805, $ 15,814, $ 16,262, $ 17,187, $ 17,810, $ 19,882Price analysis based on the value pair BTC / USD on CoinbaseThe key currency Bitcoin has not stopped and rose significantly northwards this week as well. On Wednesday, October 28th, the BTC price hit the 2019 annual high of 13,858 US dollars. First investors are currently taking profits. The BTC price drops around $ 600 in the last hours of trading and at the time of this analysis is standing at $ 13,223.The current consolidation of the BTC rate is not surprising after the rally in recent weeks, and in the medium term, it is very healthy for a sustained rise in the key currency. It is now important for the bulls that the BTC rate does not slide below $ 12,492. From this level, renewed attempts to climb towards US $ 13,858 can be expected. If the bulls can dynamically break this mark higher than the daily closing price, the chances of a march towards the next price target of 14,805 US dollars increase. If the price of Bitcoin then stays above 13,858 US dollars, further subsequent increases in the direction of 15,814 US dollars and a maximum of 16,262 US dollars are to be planned. As long as investor interest continues unabated, there are 17,187 US dollars and 17. $ 810 other possible target areas. Only a significant break in…
Crypto Weekly News — October, 23
What important crypto events happened last week? Bitcoin Touches New 2020 High Above $13,000 — What’s Next?The first cryptocurrency has updated its maximum since July 2019. On the night of October 22, the Bitcoin’s price on the Binance Exchange reached $13,235, later corrected to $12,800. Still, it seems that the trend continues to be bullish, and we will see a rise to the $14,000 resistance level. Big Update For Stellar Lumens: Protocol 15 AnnouncedThe Stellar Development Foundation made an update of the Stellar Lumens public blockchain. It bypassed Protocol version 14, as critical errors were detected during the testing phase. Protocol 15, so named to avoid confusion, was launched on the test network on October, 20. Bitfinex Announces Staking Rewards For Polkadot (DOT)The Bitfinex Exchange has added a staking option for the Polkadot project’s token (DOT). The users depositing and holding DOT will get up to a 14% reward. According to Bitfinex, all the tokens will be securely stored in cold wallets. Kraken Relaunches Crypto Trading In Japan After Two-Year BreakKraken cryptocurrency exchange has resumed working for residents of Japan. To do this, it had to register as a crypto asset exchange service provider following the Payment Services Act of Japan. Customers will be able to trade Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin. Kraken first launched in Japan in 2014 but left the country in 2018 due to increased control of the cryptocurrency market after a major hack of the Coincheck exchange. Chainwire Launches Blockchain-Focused Automated Press Release Distribution ServiceMarket Across launches Chainwire, a project for automated distribution of press releases. This is the first such service for the cryptocurrency industry. The system is integrated with leading publishing platforms and blogs, which allows companies to create up-to-date reports using a convenient interface. Crypto Domain Owners Can Now Be Verified…
VeChain: A Protected Blockchain Platform
VeChain is a blockchain platform founded in 2015 by Sunny Lu and Jay Zhang. Today, this project is known worldwide and has branches from the USA to China. Keep reading to learn more about the project itself and a VeChain price prediction.VeChain is a smart contract blockchain project launched in Singapore in 2015. The goal of its developers was to build an ecosystem providing high-speed and protected value transfer. So, they developed a Blockchain-as-a-Service (BaaS) platform called ToolChain in 2019. This tool provides different services, such as:Supply chain process control;Product lifecycle management;Information and process certifications.This product can be utilized not only by international corporations but also by startups, regardless of the business area.At first, the VeChain project issued tokens on Ethereum and was only a supply chain. However, the platform announced its rebranding in December 2017. Since then, it utilizes two tokens:VET which is used for transaction costs;VTHO which is underlying the gas or energy used to power transactions.A VeChain wallet is available for both Android and iOS devices. Except for VET and VTHO, it has other assets and provides access to DApps developed on the VeChainThor blockchain. This project also has a Syns wallet for laptops and PCs. A desktop version has a user-friendly interface and is available for Windows, macOS, and Linux devices.These days, about 100 experts work on this project, and the company partners with NRCC, BitOcean, Groupe Renault, and other companies.The VeChain founders are doing their best to make the platform better for its customers. In September, it connected non-fungible tokens (NFTs) to the real world. NFTs are used to release unique digital tokens and crypto-collection items.What’s more, on September 17, this project became a member of the China Animal Food Safety Alliance. The main aim of this joint was to provide blockchain technology to this…
Ethereum Foundation Launches Fe, New Smart Contract Language
The Ethereum ecosystem has got a new programming language for writing smart contracts called Fe. The news was announced by Christoph Burgdorf, one of the leading developers of Ethereum blockchain. Let us briefly tell you what it’s all about.Fe is a variant of Vyper (in Rust), a programming language for EVM (Ethereum Virtual Machine). Currently, the better half of Ethereum applications are written in the Solidity programming language, but many developers want to have a simpler alternative to Solidity.The original idea was to create an alternative compiler just to improve Vyper’s security, but eventually, the compilers started showing syntax differences and it was decided to create a distinct language with a new name. This is the way Fe was born.As a rewrite of Vyper, it inherits certain properties from Rust such as coherent and easy to use syntax and the emphasis on safety, while remaining readable and familiar to developers who have dealt with Python. Although the differences between Fe and Vyper are still limited, as the developers continue to add new features, in the future Fe may become more Rust-like.The development of Fe is still in its initial stages, but it has accelerated significantly in the past month. The Ethereum Foundation is optimistic about adding support for all features necessary for an ERC-20 contract and expects to be able to complete this new smart contract language before the end of 2020. Although the compiler will not be a satisfactory choice for a production ERC-20 by that time, the developers look forward to demonstrating the capabilities of Fe with an efficient working example.According to Fe’s GitHub page, the short-term goal is to compile and implement an ERC-20 token contract. The long-term goals are: to introduce compilation modalities for the full set of current Fe features; to implement a Yul compiler…
Tether Outstrips Ethereum In Daily Trading Volume
The stablecoin Tether (USDT) pegged to the U.S. dollar has been on a tear in many ways in 2020 but most prominently in trading volume. As of 16th October, Tether’s 24 hours’ trading volume has grown to the astronomical $43.3 billion, according to CoinMarketCap. That is over three times more than Ethereum’s daily trading volume on the same day, which was $13.7 billion.The huge rise of the Tether coin has happened because Tether has largely substituted the fiat U.S. dollar on all notable exchanges. While back in 2017 when Tether was launched, it only had a tiny fraction of daily trading volume on the cryptocurrency market. Meanwhile, in 2020 its share of the cumulative cryptocurrency market’s trading volume has topped 80%. The accessibility of Tether has risen largely over the course of the last three years, and USDT to USD conversion has become much easier, which has positively affected Tether’s presence in the cryptocurrency market.The difference in USD and USDT volumes will be even more demonstrative if we look at Ethereum’s trading pairs across exchanges. On CoinMarketCap among the top 10 trading pairs for Ethereum by rank, there is only one ETH/USD pair at Coinbase Pro with $35,696,908 worth of daily trading volume, while the first trading pair by rank is ETH/USDT at Binance with $254,969,232 worth of daily trading volume, and the fifth is ETH/USDT at Huobi Global with $301,111,421 worth of daily trading volume.As for market capitalization, Ethereum is well ahead of Tether: $41.7 billion (ETH) against $15.8 billion (USDT). However, Tether’s capitalization is growing much faster than Ethereum’s: at the beginning of 2020 Tether’s capitalization was $4.116 billion and has reached $15.785 billion by 16th October, having grown by 284%. Moreover, the Ethereum value directly affects its market cap, and it has fallen considerably in September even…