ABCC Exchange Launches Poseidon Network IEO for Decentralized Space Sharing

The world is moving towards decentralization of the internet via the blockchain. Several startups exist that provide one form of service or the other in the decentralized ecosystem. Poseidon Network, one of such startups is focusing on decentralizing data and bandwidth sharing among internet users and has launched an IEO through ABCC Exchange today, 13 May 2019.       
How it works
Just like miners who share spare space and bandwidth for mining cryptocurrencies and get paid for it, other internet users can do the same and Poseidon Network is out to make this possible. According to the company, it is providing an alternative data sharing method that is much faster and cheaper than the existing structures for such sharing by using the Internet of Things (IoT) devices.
Users of the network will be rewarded with two types of tokens, QQQ tokens, and PSD token. The first will be used as a utility token on the network for miner reward and users who pay using this token are entitled to discounts. The second token PSD, on the other hand, is real security tokens distributed to users. Holders of PSDs have certain rights on the network such as contributing to making decisions on the developments on the network through voting and share in the profits of the network.
About Poseidon Network
Poseidon Network, under CEO Light Lin is building a decentralized sharing platform for unused internet bandwidth, storage, and processing power in exchange for cryptocurrencies. It provides a decentralized CDN (Content Distribution Network) service which is incentivized by using the QQQ Tokens. It is both faster and cheaper than existing cloud services provided by AWS (Amazon Web Services) and GCP (Google Cloud Platform).
Poseidon now has major clients in the gaming industry in Taiwan who use the company’s bandwidth sharing service to cut server cost. The company is also part of the Tron ecosystem which is focused on decentralization of the internet. The Co-Founder of Longhash and Co-founder/COO of Aelf is its advisors and it has signed an MoU with Harmony and Aelf for collaboration.
The IEO
Poseidon Network is supported by ABCC Exchange for its IEO which is to be launched on 13th May. The IEO has a total of 250 million QQQ for sale, a total of 1.19% of the token’s total supply of 21 billion. Only USDT is accepted for the purchase of tokens at 0.0002 USDT per token on a first come first serve basis and will last till 17 May 2019. Users from the United States cannot participate in the IEO due to regulatory reasons.
With the Poseidon internet users with extra storage space and bandwidth can now earn money sharing their space and the QQQ and PSD tokens will be used in the decentralized data sharing economy.
You can buy the QQQ tokens on ABCC.
You can also contact Poseidon’s team on telegram
The post ABCC Exchange Launches Poseidon Network IEO for Decentralized Space Sharing appeared first on Coingape.
Source: CoinGape

ABCC Exchange Partners with Tron Becoming the First Trading Platform to List TRC10 Tokens

CoinSpeaker

ABCC Exchange Partners with Tron Becoming the First Trading Platform to List TRC10 Tokens

Having entered in a partnership with Tron, ABCC crypto exchange has become the first exchange to list tokens based on TRC10 technical standard.

ABCC Exchange Partners with Tron Becoming the First Trading Platform to List TRC10 Tokens

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Source: CoinSpeaker

Tron [TRX] and its affiliates added to popular exchanges as market roller coaster continues

Tron [TRX]’s surge in the new year has created ripples in the cryptocurrency world with several updates and developments coming out of the Tron Foundation’s stables. The announcements have generally come in from the Foundation’s Chief Executive Officer, Justin Sun. The Tron official has been instrumental in propagating the cryptocurrency, a role that he has carried forward in his latest reveal too.
On January 15, Justin Sun announced that Tron had partnered with ABCC, making the cryptocurrency exchange the first platform to list TRX10 tokens. He had tweeted:
“ABCC Exchange is truly an awesome platform that has witnessed great development. We are glad to partner with #ABCC as it’s the first exchange listing #TRX10 tokens. #TRON #TRX $TRX”
The exchange itself had tweeted about it, leading many users to connect the price rise to the development. ABCC Exchange had said:
“We are excited to announce our partnership with @Tronfoundation ahead of #niTROn2019! @Justinsuntron #ABCC is the 1st exchange that will list #TRX 10 tokens – We are one of the top exchanges with great security and user interface. Stay tuned!#Blockchain mass adoption is coming”
Tron received another boost when the token was listed on OKCoin, a move considered to push the Juin Sun led cryptocurrency into the mainstream realm. OKCoin’s press release stated:
“We are pleased to announce that TRX is now listed on the OKCoin exchange. Starting today, authorized OKCoin customers can acquire TRX by depositing US dollars or Argentine pesos, and starting on January 17th they’ll be able to trade TRX against USD, BTC, and ETH.”
Justin Sun’s presence in the cryptoverse was made even more apparent when he debunked accusations concerning TRC10 BitTorrent token [BTT]. Sun had rebutted against the former BitTorrent CSO had said that the Tron CEO was not technically sound when it came to cryptocurrencies. As a reply Sun stated:
“The BitTorrent token project recently became the subject of an article about whether TRON provides the necessary processing capacity to handle the thousands of transactions per second required to make tokenizing BitTorrent work.”
He further added:
“BitTorrent parted ways with the former employee quoted in the article upon the early July completion of the acquisition. Since then, our BitTorrent engineering team has been joining their peer-to-peer expertise with TRON’s blockchain team on our shared vision of remaking the internet.”
The post Tron [TRX] and its affiliates added to popular exchanges as market roller coaster continues appeared first on AMBCrypto.
Source: AMB Crypto

Upcoming Ethereum Constantinople Hard Fork Already Backed by 19 Exchanges Worldwide

CoinSpeaker

Upcoming Ethereum Constantinople Hard Fork Already Backed by 19 Exchanges Worldwide

Ethereum is preparing for its next milestone – Constantinople hard fork. The launch is planned in four stages: Frontier (beta stage to develop and test dapps), Homestead (to stabilize the platform), Metropolis (ongoing) and Serenity (upcoming).

Upcoming Ethereum Constantinople Hard Fork Already Backed by 19 Exchanges Worldwide

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Source: CoinSpeaker