CoinAll lists MINDOL [MIN]and offers a 25,000 MIN Giveaway

On April 9th, 2019, CoinAll, one of the fastest-growth cryptocurrency exchanges, announced the listing of Mindol [MIN]. At the same time, a 7-day celebration was launched as well. CoinAll will give away 25,000 MIN tokens during the celebration time.
Mindol circulates MINDOL token and establishes a market place of “eMINDOL” that provides functions of posting, voting, donation, settlement, and copyright management. Besides, Mindol also develops a project of contents creation including animation, game and film productions.
Katherine Deng, the general manager of CoinAll, said Mindol project has real use scenes and completed logic of ecosystem building, which perfectly meet the CoinAll’s requirement for projects. We will also continue to explore projects with high quality for global users.
The 7-day MIN celebration lasts from April 9th, 2019 to April 15th. The whole promotion is divided into 3 parts. First of all, deposit MIN to share 15000 MIN, secondly, buy MIN to share of 6000 MIN, last but not least, follow and retweet first come first served Win 4000MIN.
For MIN holders, they can use the contents that MINDOL has produced, of or directly participate in contents creation for anime, manga, and film, and invest in their favorite project, and support their favorite idol and participate in various events. In addition, they can make a settlement by the token in the real shops MINDOL cooperates with.
The operating policy of Mindol consists of four parts.

creating an opportunity to use MIN by developing contents and services.
enhancing the benefits package in accordance with the holding period according to the increase of holder and its liquidity.
implementing dividend payment and buyback from the market.
for operating revenue, we invest it in new contents creation and the related business.

The MINDOL economy will develop by implementing the cycle of these four parts above.
CoinAll is committed to excavating global projects with high quality and potential, with a particular focus on Lambda, Fetch.AI, Bitex and other eco-friendly infrastructure builders. As a deep strategic partner of OKEx, the world’s top exchange, CoinAll shares OKEx’s world-leading security system, 24-hour global customer service, and transaction liquidity, and is devoted to bringing better projects and trading experience to their 20 million users’ community.
For more details, please visit here or check out the official website.
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Source: AMB Crypto

Renewable Energy Offers a Bright Future for Investors

Coinspeaker
Renewable Energy Offers a Bright Future for Investors
As humanity continues to evolve and technology along with it, there is one constant that cannot seem to be outrun: the dependence on energy.
Renewable Energy Offers a Bright Future for Investors

Continue reading at Coinspeaker
Source: CoinSpeaker

CoinAll Lists Lambda [LAMB] and Offers a 1.6 Million LAMB Giveaway

On March 26th, 2019, CoinAll, one of the famous emerging cryptocurrency exchanges, announced the listing of Lambda and the LAMB celebration – a 7-day celebration. CoinAll will give away 1,600,000 LAMB tokens during the celebration time.
Lambda is a safe, reliable and infinitely expanding decentralized storage network, whose mission is to promote the development of the Internet decentralization and build storage infrastructure for the new generation of the Internet.
Katherine Deng, the general manager of CoinAll, says the Lambda project having three highlighted features: high storage reliability, high data security, and high performance. CoinAll has always insisted on the initial faith and will bring more high-potential projects like Lambda to users in the future.
The LAMB celebration lasts from March 26th, 2019 to April 2nd, and plans to invite new users of CoinAll to get a share of 600,000 LAMB and trade rankings of 1,000,000LAMB.
Source: CoinAll
Since the Lambda project launch in early 2018, it has received strong support from well-known strategic and financial investors including Bitmain, Viking Capital, FBG Capital, Bluehills, Zhen Fund, FunCity Capital, Ceyuan Digital Fund, BlockVC, INBlockChain, DATA Foundation, Bitcoin World, Reflextion Capital, etc. To date, Lambda has received investment funding in excess of $10 Million.
In terms of technology, Lambda has realized and published the PoST space-time proof for the first time in the world. Lambda supports dynamic data access, protects data privacy, and makes unremitting efforts for the great vision of “Return the data value to data owners”.
CoinAll is committed to excavating global projects with high quality and potential, with a particular focus on Lambda, Fetch.AI, Bitex and other eco-friendly infrastructure builders. As a deep strategic partner of OKEx, the world’s top exchange, CoinAll shares OKEx’s world-leading security system, 24-hour global customer service, and transaction liquidity, and is devoted to bringing better projects and trading experience to their 20 million users’ community.
For more details, please visit here and the website.
CONTACT: Kana Wen, +8618202787899,
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Source: AMB Crypto

Coinsbit: the first cryptocurrency exchange in the world, integrated with the 200,000 POS terminals

Coinsbit is the first exchange in the history of cryptocurrencies, which has implemented a large integration with 200,000 POS-terminals. Now it provides the possibility to its users to purchase digital coins for Fiat funds with no mediator involved. Tokens will be available for purchase through terminals, in case it is listed both on the exchange and on POS-terminals.
In this regard, Coinsbit will constantly add coins to the exchange and act as a gateway for POS-terminals. In the future, this model will make the exception of Fiat funds during the IEO possible.
200,000 terminals are owned by the startup Cylcebit and distributed worldwide, including South Korea, Vietnam, China, India, and other countries. Cyclebit’s goal is to make each trading terminal capable of accepting cryptocurrency payments. Now the platform processes 1 million transactions per month with an annual turnover of card payments of $1 billion.
Source: Coins Telegram
A word from CEO – Nikolay Udianskiy:
-How did the idea of Coinsbit come to you?
We worked as a development team before and built quite many projects. We gained vast experience in building exchanges for others, so now it is a time for our own exchange!
We decided to build something different to conquer the market. We want to make crypto market accessible for ordinary users and good enough for skilled traders.
-What are the main features of Coinsbit?
We want to integrate completely new features such as lending between users [on the security of crypto] and the integration of POS terminals around the world through the exchange gateway.
We stand out for strongest security: more than 95% of all currency are stored on cold wallets.
Another main distinguishing feature of Coinsbit is support for processing speed of up to 10 000 trades every second and 1 000 000 TCP connections.
-What startups did you run previously?
We were engaged only in the development of IT products.
-What is your intention to give to the crypto community?
Interaction with the fiat world is so necessary for the crypto community worldwide. That’s why we are implementing the POS technology which is linked to Coinsbit.
-How long does it take to build your own crypto exchange?
We had been building the exchange since the beginning of 2017 and finished it in summer 2018.
-What do you think about decentralized crypto exchanges?
Decentralized crypto exchanges are run not by people, but by software, so they allow the participants of the market to trade directly with each other without any trusted third party to process all trades. P2P exchanges offer high resistance to transaction censorship, are cheap to use, private and secure, thus we look very positively and understand that the crypto community really needs them.
-There are so many exchanges already, what makes Coinsbit better than competitors?
We are creating new services that are very necessary now and which have never been used before us: loans, POS. Coinsbit is the first exchange, which provides the possibility to its users to purchase digital coins for fiat funds without any mediator.
-For fun. What is your prognosis on Bitcoin’s price in 2019?
I suppose it will fluctuate from 3300 USD to 4900 USD during this year. Growth will start in 2020 approximately.
-How long will it take to hit Coinmarketcap’s top by Coinsbit?
There are very strict requirements for being on top, we are investing a lot of money in our IT capabilities, we develop infrastructure which can afford to reach this place within such a huge market and meet the needs from sophisticated, high-frequency traders and institutions.
There are so many exchanges with fake volume. What do you think about that and how to solve this problem?
I don`t think about it. This doesn`t affect the crypto community as a whole. This is just innocuous marketing.
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Source: AMB Crypto

XDAT steps into the cryptocurrency space; aims to become a global trusted brand

Bitcoin [BTC], the largest cryptocurrency by market cap and the first of its kind, is often referred to as a revolution. The digital currency’s potential to disrupt the financial industry is recognized by many, and the innovation of Bitcoin has led to the creation of several other coins with a different utility. As the market gradually expanded, the adoption of these cryptocurrencies also grew over time.
One of the major factors contributing to the adoption of Bitcoin and other currencies is noted to be cryptocurrency exchanges, often referred to as the gateway to the crypto-market. The exchanges not only open the market for investors but also play a vital role in the development of the space by providing various services to its users.
To ensure the continued growth of the overall space, an exchange platform must ensure that it tends to all the need of the traders and investors in the space. This could range from providing the best trading tools for top-notch traders and services to creating a user-friendly platform for the beginners. So far, only a handful of exchanges have been able to satisfy their customers, although none of them have managed to perfect all the services available in the market.
XDAT – Exchange of Digital Assets with Trust, a cryptocurrency trading exchange, has entered in this space with an aim to make the ends meet. The platform was created by Prashanth Swaminathan, an Investment Banking Veteran, who worked for Morgan Stanley London for 10 years. The EU-based exchange, launched in 2018, is managed by a team of experts, with most of them formerly associated with leading firms in the financial and technical industry.
With their years of experience, the team has built a secure, easy, and transparent exchange for the people participating in the cryptocurrency space. The platform’s aim is to “redefine the global landscape of cryptocurrency trading by becoming a global trusted brand that sets its policies and procedures in full compliance with the incumbent regulations of its jurisdiction”.
To achieve this, the exchange has complete Know-Your-Customer and Anti-Money Laundering [AML/KYC] policy, which is required to be complied with, by all the users of the platform. The exchange has also applied for an operational license with the local regulatory body in Malta and also works with the legal counsels, with an intention to abide by all the rules and regulation laid down by the country’s officials. This also ensures a relationship built on trust between the customer and the exchange platform, making it more reliable than the other exchanges in the space.
The platform offers trading services for fiat-to-crypto transactions, crypto-to-crypto transactions, and crypto-to-fiat transactions. The platform offers trading services for fiat-crypto-fiat transactions and provides deep discounts on transaction fees and attractive incentives to promote trading. Much to users’ delight, the exchange also has one of the best referral programs and the lowest transaction fees across exchanges in line with their vision on ‘Crypto for All.’
The exchange currently supports 10 of the market’s top liquid cryptocurrencies, including Bitcoin [BTC], Ethereum [ETH], Litecoin [LTC], Ethereum Classic [ETC], Bitcoin Cash, EOS, XRP, Dash, True USD [TUSD], and the Euro. The exchange plans to list more cryptocurrencies and open fiat market for more coins in the future, especially coins that have good liquidity and have the potential to disrupt its respective industry.
What drove you to create XDAT? What was your perspective of the cryptocurrency industry when you first heard of it?
In my decade odd career in investment banking, I witnessed the massive transition from cash to digital currencies. Having become an investment banker with Morgan Stanley, in London, right before the great financial crisis in 2008, I have seen the limitations of centralized banks first-hand and believe that cryptocurrencies have a great future to operate as a parallel economy.
However, along the way, especially in the last few years, I believe that this industry has lost its way, and the focus is almost entirely on price paranoia and institutional adoption, rather than education and adoption within retail society. When you look at crypto exchanges, they primarily cater to crypto enthusiasts who are also invariably tech savvy. This leaves out more than 95% of the global investing population.
XDAT was formulated to deviate from this approach. The goal of XDAT is to make crypto trading as simple as possible for anyone and everyone with specific custom made interfaces for beginners and advanced users to provide a seamless trading experience. On XDAT, one can trade in fiat-crypto-fiat and crypto-crypto in a secure and easy manner.
We are vehemently striding towards bringing our vision, “CRYPTO FOR ALL” to life. We want to emerge as ‘The’ Exchange of Digital Assets with Trust. As many look at cryptocurrencies with an iota of doubt, we want to make sure that our users place their trust in us, for mass adoption.
XDAT claims to be one of the most secure and transparent digital currency trading platforms. How does it set to achieve it?
At XDAT, we follow comprehensive procedures to achieve KYC and AML, especially while adding users to our exchange platform. Users cannot trade without completing their Full KYC. We also strictly adhere to regulatory compliance and GDPR standards. Additionally, we provide our users with robust security and multiple secure layers for protecting our users’ assets, should they choose to leave them with us.
Following incumbent regulations and manifesting trust is quintessential for us, only when we match our investor expectations can we penetrate further into mass adoption and achieve CRYPTO FOR ALL.
How is the platform working towards achieving its vision – Crypto for All – and how does XDAT differentiate itself from other digital asset exchanges?
XDAT acknowledges the broad spectrum of users who visit and trade on our platform. For better user experience, we have custom-made interfaces for beginners and experienced traders. Our collective belief at XDAT is “CRYPTO FOR ALL” and we take significant measures to provide a seamless trading experience for all our users.
For beginners, we are rewarding all our first-time users with KYC Incentives. Further, we are providing multiple features for them:
– Accepting deposits in EUR
– Featuring a simple ‘Buy & Sell’ dashboard
– Facilitating fiat-crypto-fiat trading
– Offering 18 trading pairs and many buy-in options
– Providing 24*7 customer support
Apart from the above, we have introduced some pro-level features that are unique to XDAT, which are not available even in the most established cryptocurrency exchanges. For accurate trade placement in our order section, the platform provides options, such as Stop-Loss, Trailing Stop-Loss, Fill or Kill, Immediate or Cancel, and Reserve Order.
In this bear market, XDAT aims to build a global crypto community through our initiative “Bullwhip Movement” for mass adoption.
Could you elaborate on the Bullwhip Movement?
The intent behind the Bullwhip Movement is to create a new wave of adoption of cryptocurrencies amongst users. We want to create a positive ripple of adoption that leads to an amplified nature of adoption and trading. We envision to initiate this ripple effect as our primary step to fulfill “CRYPTO FOR ALL.”
To manifest this belief, we are investing over €1,000,000 (1 Million Euros) to create the world’s largest crypto inclusive ecosystem. Through this initiative, we are incentivizing our traders up to €2000, for we believe that only when they grow, do we grow.
Bullwhip Movement: Phase 1, is our first step to facilitate crypto for the masses. At, XDAT we are working many more revolutionary products that may simplify crypto trading.
Who is your target audience for the Bullwhip Movement? What are the benefits of becoming a Node in the Bullwhip Movement?
Our target audience will primarily include early adopters of crypto, crypto traders, crypto enthusiasts, experienced traders. Predominantly, anyone who wants to earn while trading in cryptos, even if they are individuals who want to trade in cryptos for the very first time.
The Bullwhip Movement encourages individuals to become ‘Nodes.’ Our Nodes will be our endorsers, who will propagate the movement by adding new users through their referral link. Nodes shall enable trade activities on our exchange. In return, for their participation, they shall receive a Community Token (XCTY) when they achieve €1000 cumulative trading from their referred users. Apart from that, they can also earn incentives worth €2000 when they reach trading volumes and massive KYC & Transaction Incentives.
Apart from the Bullwhip Movement, are you offering some incentives for regular users on XDAT platform?
At the moment, crypto needs as many ambassadors to support crypto adoption, and we believe that the Bullwhip Movement will be a channel to encourage crypto trading in this bear market. But, if our users choose not to be part of this initiative, we are still rewarding our users with KYC incentives, referral incentives, and the lowest transaction fees across exchanges.
What do you think are the important steps that are required to get XDAT to the list of top exchanges in the space?
Crypto space is still very nascent and we believe that the landscape will keep changing over time. We believe that the following factors will be essential in determining the top exchanges over time – bringing in more fiat capital, generating trust amongst the masses, and providing easier access to crypto.
XDAT aims to become the largest global exchange by the end of 2020. We’ll grow organically and inorganically towards this while focusing on being fully compliant with incumbent regulations. We also aim at operating across the globe, expanding to various geographies to foster widespread adoption of crypto. Bold words, but we see ourselves on par with other renowned crypto exchanges.
The Bullwhip Movement is our first step towards revolutionary leaps in the crypto sector. We are simultaneously working on diverse products that will revolutionize the way users transact in cryptocurrencies.
The post XDAT steps into the cryptocurrency space; aims to become a global trusted brand appeared first on AMBCrypto.
Source: AMB Crypto

New ERC-20 Stablecoin Generates up to 45% Profit to Crypto Investors

A new decentralized stablecoin from USDDex Japanese company will be available for purchase by crypto investors one month before its launch on cryptocurrency exchanges in a limited number with 45% bonus.
A new era in blockchain evolution
Most analysts and experts at cryptocurrency market with certainty declare 2019 the year of stablecoins. The monthly traded value of only the first five stablecoins exceeds $100 billion and continues to grow.
The rapid industry growth is influenced by the inflows of new technological players. One of them is USDDex, a Japanese company. Its founder, Hitoshi Shibata, who has been worked for 15 years at Mizuho Financial Group and is a member of Working Group in the Japanese banking industry and blockchain integration, emphasized core advantages which allow USDDex Stablecoin to take one of the leading positions on the market.

Fixed rate (1 USDDex = 1 USD)
Ethereum ERC-20 Standard
Absolute decentralization
Certified security audit
Open source code
Adaptable to centralized exchanges
Adaptable to decentralized exchanges
Supported by all largest Ethereum wallets

The model of decentralized stablecoins has already attracted attention and hundreds of millions of dollars financing from the largest venture companies, such as Google Ventures, Andreessen Horowitz, Digital Currency Group, MetaStable Capital, Pantera Capital, Bain Capital Ventures.
The USDDex development team has extensive experience in the blockchain industry and in such projects as OpenVZ and Debian. The highest priority is set at cooperation with behemoths like 0x Relayers and leading cryptocurrency exchanges. USDDex complies with all highest requirements of the largest exchanges and is ready to launch in mid-April 2019.
Why USDDex Company?
The USDDex professional team represents the world a breakthrough technology and a chance to develop the most independent, transparent and potentially greater stable monetary policy than ever before. USDDex is directly pegged to US Dollar and 1 USDDex is equal to 1 USD. Each USDDex is always collateralized in excess, so you never have to worry about its price fluctuations and its stability is guaranteed regardless of the market behavior. The highest reliability rating is secured by open source code, multiple and thorough security audits and the possibility for any participant to look information on the locked collateral of each USDDex.
According to the forecasts, USDDex will eventually surpass the largest players and become the dominant and most useful stablecoin on the market. USDDex is a technologically superb token which offers significant value, relevance and transparency. First, large investors and several thousand active members of the community in the industry have commended USDDex for its unique approach to so-called digital asset able to protect its value against volatility.
How a crypto investor can reach up to 45% profit with USDDex?
One month prior to the stablecoin official offering, USDDex team made a strategic decision to launch an additional stage of sale with 45% bonus from March 19th. Its main goal is open and active participation of the crypto community in the project. This approach affords an opportunity to invest and gain profit to all willing crypto investors.
The main closed round of investment had been conducted in December 2018 exclusively for investment funds and exceeded all expectations, having been successfully over in just several hours.
Additional sale starts from March 19 on the official USDDex site.
* The number of submitted applications and increased interest in the project from potential investors leads to the suggestion that the additional stage of the sale will be completed for first hours.
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Source: AMB Crypto

CoinAll Lists Fetch.AI and Offers a 350,000 FET Giveaway

On March 13th, 2019, CoinAll, the famous cryptocurrency exchange, announced the listing of Fetch.AI and will hold a 7-day celebration to give away 350,000 FET tokens. Fetch.AI has gathered a lot of attention of crypto world since their $6 million token sale in 22 seconds on Binance Launchpad.
Fetch.AI is a digital infrastructure provider and data trading platform. The Fetch project is revolutionary with its idea of bringing together machine learning, artificial intelligence, multi-agent systems, and decentralized ledger technology to create an economic internet.
Among members of Fetch.AI’s leadership team, many were previously involved in DeepMind, a UK-based company focused on artificial intelligence [AI] that was later acquired by Google in 2014.
Katherine Deng, the CoinAll general manager said that the Fetch.AI project has pioneering technology and forward-looking vision, leading in the synchronous promotion of AI and blockchain. CoinAll is proud to cooperate with Fetch.AI and list FET tokens.
The 7-day FET listing celebration includes an individual depositing competition, individual trading competition, team competition, and invitation competition. Mega prizes are awaiting in each game, and the celebration will last from March 13th, 2019 to March 20th.
Crypto’s world’s eyes are on Fetch.AI because Binance successfully conducted a crowd-sale for the Fetch.AI tokens on the Binance Launchpad raising $6 million in 22 seconds. CoinAll, as an emerging exchange star, has also reached in-depth cooperation with Fetch.AI. In addition to the listing of FET tokens, CoinAll will provide a 350,000 FET giveaway for users.
Humayun Sheikh, CEO, and co-founder of Fetch.AI said in an email response to Forbes,
“Technologies like Fetch.AI are disruptive: they act as disintermediation agents in the economy, break down the barriers between centralized entities and opens access to a world powered by decentralized AI.”
CoinAll is committed to excavating global projects with high quality and potential, with a particular focus on Fetch.AI, Bitex and other eco-friendly infrastructure builders. As a deep strategic partner of OKEx, the world’s top exchange, CoinAll shares OKEx’s world-leading security system, 24-hour global customer service, and transaction liquidity, and is devoted to bringing better projects and trading experience to their 20 million user community.
For more details, please visit here.
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Source: AMB Crypto

Crypto Startup Develops SHA-256 Blockchain for Smart Contract Implementation

Crypto tech startup jumps on the journey to improve scalability and security with new quantum resistance blockchain.
The benefits of Bitcoin, “patient zero” of the cryptocurrency world, are indisputable. However, it presents scalability flaws mainly concerning speed and transactional fees. To combat these concerns, a four-year-old tech startup ILCOIN has developed an upgraded alternative to Bitcoin; an independent cryptocurrency that seeks to build a “global digital currency-based economic system” for the community.
With vast experience in development and various programming languages, the ambition of ILCOIN’s development team is to improve the crypto world by launching the first SHA-256 blockchain that can handle smart contracts. Since inception, the startup has been committed to creating an all-in-one platform where users can access a wide spread of different online wallets for storing and trading ILCOIN [ILC].
Source: Cointelegraph
Different wallets for different applications
At the core of the ILCOIN blockchain lies a variety of wallet solutions meant for different applications. Some of the wallets currently available on the platform are ILCOIN Web, Android/iOS, Windows/Mac QT, and Android ILC/BTC. A unique feature of ILC cryptocurrency is the centralized nature of its mining process via the SHA-256 encryption technology. According to the team, a centralized system that makes sure blockchain development is kept under control nuances the decentralized concept. The team further stated,
“Becoming decentralized is not equal to just publishing your source code on GitHub. Allowing everyone to mine won’t make you decentralized either, as the 51 percent attack can happen in case of proof-of-work [PoW] as well. The real power comes from the ownership of nodes, which means that our concept of being decentralized is more nuanced.”
On the ILCOIN platform, ILC’s are stored safely on cloud-based, OSX, Android and PC-based wallets. Trading can be done instantly without chargebacks or banks and without fees. To track and monitor all transactions, users can use the ILCOIN block explorer, a system that manages close to 170k TX/block. Regarding main security features, the explorer includes VPN, SSL Certificate 256 encryption, SSH key implementation, and more.
The first PoW blockchain protocol with smart contract implementation
In Bitcoin’s case, the SHA-256 hash function serves two purposes: mining and creating addresses. Developed as a modern, upgraded version of Bitcoin, ILCOIN plans to implement smart contracts on its blockchain in quarter four of 2019. The team mentioned that in the initial stages they will add five types of personalized smart contracts in five business sectors.
Scalability concerns mostly related to speed and security are linked to many types of blockchains, including Ethereum and Bitcoin. To combat such concerns, ILCOIN has built a Quantum Resistance Blockchain, a unique protocol that is meant to help scale the SHA-256 protocol by increasing the block size. The team at ILCOIN emphasized that their new approach will be a C2P consensus that will eliminate malicious attacks. At the same time, the consensus is said to speed transactions and make them happen almost instantly, without compromising the security levels of the blockchain.
The ILCOIN platform has a supply of 2.5 billion ILC’s, currently listed on more than ten international exchanges. Three of the most recent ones are Bit-Z [March 15], CoinTiger [March 28], and DigiFinex, where trading will start on April 10. Regarding future development plans, the team at ILCOIN plans upgrades for its existing wallets, as well as further wallet improvements in connectivity and security for enhanced user experience.
In Q4 of 2019, ILCOIN plans to launch its proprietary “buy ILC with BTC” module, which will allow buying and selling orders of ILC/BTC pairs from various exchanges. To learn more about the development team at Ilcoin, the project’s official social channels are Telegram, Facebook, and Twitter.
The post Crypto Startup Develops SHA-256 Blockchain for Smart Contract Implementation appeared first on AMBCrypto.
Source: AMB Crypto

The race to regulation: German government turns to startup Lition for guidance

Former IBM Chairman & CEO Sam Palmisano spoke to Bloomberg Markets about reconciling blockchain technology with the European Union’s GDPR laws. Palmisano now chairs the Center for Global Enterprise which recently studied the compatibility issues facing blockchain. GDPR guarantees the “right to be forgotten,” requiring companies to delete user data after a person leaves the network or face hefty fines.  Most public blockchain networks are incapable of deleting data, and therefore, are in direct conflict with GDPR.
The Center for Global Enterprise’s inquiry, spearheaded by David Kappos, former director of the U.S. Patent and Trademark Office, found that no current public blockchains were able to comply with the GDPR. They did, however, lay down guidelines for a compliant platform.

Use a private, permission enabled blockchain
Avoid, if possible, the storing of personal data on the blockchain
Implement a detailed governance framework
Employ innovative solutions to data protection problems

Unfortunately, these guidelines relegate blockchain to internal enterprise use cases and prevent it from ever reaching the “holy grail” of public deployment.
Lition is offering the world a better solution by launching the world’s first public-private deletable blockchain infrastructure, both perfectly compliant with the GDPR and allowing for unfettered blockchain functionality.
Lition is able to accomplish this by combining a public mainchain with private, deletable side-chains. The side-chains store private data on the chain, but separate from their hashes. When user data needs to be deleted, data is wiped from the side-chain, but the hash trail remains intact, maintaining blockchain integrity while complying with the GDPR. Lition works closely with German lawmakers to ensure GDPR compliance.
Lition is the first and only public blockchain that enterprises can legally deploy in the EU.
About Lition Technology AG

Lition is a blockchain infrastructure and dApp developer, with 20 employees mostly based in Berlin. Lition’s new blockchain infrastructure addresses key commercial and business issues that have prevented blockchain networks from reaching widespread mainstream adoption so far.
With scalable public-private blockchain and ‘deletable’ data features, the Lition network allows businesses and large enterprises to bring innovative blockchain applications to the mass-market that are legally compliant. Lition has also developed and launched the world’s first commercially live P2P energy trading platform, currently serving customers in 100 cities across Germany.
For More Information, please contact:
Stephan Vogel, Head of Business Development
The post The race to regulation: German government turns to startup Lition for guidance appeared first on AMBCrypto.
Source: AMB Crypto

Ankr, powering the cloud for the next decades to come, soon to be listed on BitMax.io

Bitcoin [BTC], the very first digital currency often referred to as the king of the cryptoverse, has been recognized as a revolution ever since its inception. Interestingly, along with the idea of a digitalized and decentralized economy, the coin’s underlying technology, Blockchain Technology has gained a lot of traction across the globe.
Several industries including leading government are looking into the use-case of the blockchain technology and working towards implementing it all the sectors. More so, one of the key industries the blockchain is going to disrupt noted to be the cloud storage industry.
The introduction of blockchain to cloud storage industry is going to be marked as a significant revolution as it is the reckoned to be the pioneering sector in this internet generation. From individuals to companies and governments, everyone avails the services offered by this industry. Moreover, companies such as Amazon and Microsoft are currently thriving in the world because of their cloud computing services.
In general terms, Cloud computing services refer to providing computer system resources over the Internet on-demand. This service is the most-sought-after one because it reduces the operating cost, increases efficiency, and paves the path for faster innovation.
This service is mainly categorized into three types: enterprise cloud service, dedicated to a single entity, public cloud service, available for several enterprises, and hybrid cloud service, a mixture of both public and enterprise. And, the three main services provided are Platform as a Services [PaaS], Serverless Computing, Software as a Service [SaaS], and Infrastructure as a Service [IaaS].
The most common resources offered over the internet by cloud computing services are servers, computation power, storage, database, software, networking, intelligence, and analytics. Despite its vast advantages, the industry also has several drawbacks, limiting it from reaching its full potential.
One of the main drawbacks of this sector is that it is filled with centralized players. This factor comes across as concern because of the control these entities have over individuals data. This is also a raising question, especially with the recent revelation of Facebook’s abuse of personal data has cast a doubt pertaining to one’s ownership of their data, and more importantly privacy protection.
In addition, these centralized entities have the power to monitor the data stored and even disclose to third parties. The other pressing issue of centralized cloud computing services is that they create the perfect honeypot for hackers and malicious players as most of the data is connected to one single point.
These are exactly the key factor that will be tackled with the help of blockchain technology. Along with driving its efficiency to a whole new level, blockchain also adds a huge value in terms of privacy, security, and scalability. And, one such project working towards bringing the best of both the worlds is Ankr.
Ankr is blockchain based distributed cloud computing network, providing serverless infrastructure for the business application. The project is dedicated to leveraging idle computing resources in data centers and other devices. The main goal of the project is to “provide a smooth on-hand experience for cloud users and minimize the switching cost to integrate Ankr’s DCCN into their solutions.”
Unlike any other project in the space, the main aspect of Ankr makes energy consumed for wasteful computation into a profitable. Ankr paves the path for cheaper and more accessible computing power to users as it adopts a Sharing Economy model. With this model, users can monetize their devices computing power on a public and private cloud at a given time.
Ankr is container-native, supports container orchestration and confederation cross clusters and cross data centers to automate application deployment, scaling, and management in any personal device or commercial resource provider. The DCCN platform uses multiple-master-multiple-slave architecture.
The masters include the marketplaces and schedulers, and the slaves include all kinds of resource providers, usually data centers and personal devices. Core product components include service discovery, load balancing and routing, API gateway, autoscaling and self-healing, scheduler and job management, marketplace, configuration management, metering and telemetry, logging and metrics. Moreover, Ankr provides all the computational services that match to those offered by centralized technology companies such as Amazon and Google for a much cheaper price, adding along the benefits of blockchain technology to it.
Blockchain is heavily leveraged in the product too. All the usage data and transaction data will be recorded in the block, which means it will be easy to verify and back tracking and prevent from manipulation. Data predictive analytics based on blockchain data helps create Ankr user account reputation system.
Code-is-low will replace the traditional Service-level Agreement [SLA]. Blockchain-based contract functionality will be used by Ankr cloud Marketplace platform, which matches the buyers and sellers using advanced matchmaking algorithms for trading computing resources and applications. Ankr’s native blockchain is also an alternative method for data centers to communicate with messages. Ankr cloud platform is trying to reduce unnecessary data center communications.
Ankr cloud provides five levels security for cloud platform,

OS virtual isolation
Host Security
Service communication security. Ankr cloud uses certificate-based service-to-service policy for segmentation and encryption.
Configuration security. Ankr cloud uses cryptographic identity for dynamic configuration update and limit resource for each identity.
Container application security. Users need to put deposits or stake for its own applications. The damages will be restricted to the resource’s users have already paid for.

AMBCrypto reached out to the project heads to gain more perspective on the project:
Team member names in picture team: [left to right] 1. Chandler Song, CEO 2. David P. Anderson, Creator of BOINC, Advisor to Ankr 3. Stanley Wu, CTOWhen did you come across the blockchain and cryptocurrency space? What was your first impression when you first heard of it?
Chandler Song, fellow Ankr Co-founder, and our CEO, actually sparked my interest in the blockchain. Chandler was one of the early members of Blockchain at Berkeley, a student organization focused on blockchain innovation with the first undergraduate university-accredited blockchain course, Blockchain Fundamentals. This was the first step in Chandler’s interest in the blockchain, and in turn, my own journey.
We first experimented with crypto during our time at college, back in 2014, when Bitcoin was still hovering in the hundreds. From then on, having come from a more traditional financial background, I realized that banking systems are primarily determined by human decision-making, and the introduction of blockchain would be able to bring about a new way of trust due to its nature as a decentralized entity. At the core of it, while blockchain remains in its early days, the immutability and trust in the code will cement it as the future of trust.
What drove you to create Ankr Network? Could you tell us the reason you choose to provide cloud computing solutions instead of opting for other services?
It’s an interesting story, actually. Amazon is the common thread between us three founders.
Ankr CTO and Co-founder, Stanley Wu was one of the early engineers for Amazon Web Services and a Tech Lead at Amazon for over 10 years while Ankr CEO and Co-founder, Chandler Song worked with Stanley at Amazon.
While I was heavily exposed to AWS from a user-perspective – As a finance and statistics student I dealt a lot with machine learning, using AWS amounted to a few thousand dollars. While this was a considerable sum for a college student, I was convinced by my first-hand experience that this was a lucrative business that was worth looking into, with a higher margin that placed it ahead of its retail counterpart.
If you look at distributing or decentralizing something that already has a thin profit margin to start with, it becomes significantly harder to do so, as in the case of a cloud where there is a big pie to share. The aim of a distributed cloud system is to make it cheaper, and it is our firm belief that utilizing idle cloud resources will be the way forward.
Why did Ankr choose to introduce blockchain to cloud computing instead of launching itself as a centralized cloud computing firm?
We wouldn’t call ourselves at this moment of time decentralized network. What we will be trying to achieve, is distributed network first. It is running almost like a decentralized company, but the core focus we have right now is to enable the distributed network to mash together with the cloud.
Recently, we’ve partnered up with Telefonica, which is one of the largest European telecommunications company. They have lots of idle resources. What we’re able to do is to mash together their resources with public cloud resources to provide together a cloud for potential clients and our platform is about lunch in just one or two days. And we’re all very excited about having the initial contributor to the platform.
Blockchain, we think is an extremely important part of the distributed computing platform, because you know the promise of blockchains is that is truly in trust. I think this is the future for distributed computing, and the blockchain part is an extremely important part of our offering.
What are the key differences you think is between centralized and decentralized cloud computing, in terms of challenges?
There are a lot of difficulties for distributed computing company. We have already seen, you know, many companies in the space, we actually know many of the projects, for eg., Golem from Poland. A lot of companies are trying to do this, but the challenges that people face are essentially the following.
Firstly, if you’re only focused on personal computing, we’re not going to be able to have enough resources, and it’s not as stable as it is compared to the centralized cloud. The way we think about it is that we are a little more enterprise focused and compared to some of the other distributed computing company, so that we can potentially first, knock down the supply side problem so that we can have relative stability. That’s basically our first challenge.
The second biggest challenge is the type of the work a distributed compute platform can do versus a centralized platform.
We are currently working with a video compression company, and they’re going to be one of our first three clients. They have spent a lot of money on AWS, and we are working with them to develop a solution to cut their costs down a whole lot. We’ve currently focused more on computing other tasks that are definitely in the pipeline and in the future, we would look to work with other distributed computing or distributed storage companies.
I think the true challenge is the stability of the supply of the compute network. I think we are on the right track to tackle them one by one.
What, according to you, are the major obstacles in cloud computing solutions provided by centralized firms? How do you think Ankr network will eradicate these obstacles by introducing decentralization?
At this point in time, it’s important to note that Ankr is not yet fully introduced as decentralization, but instead distributed and utilizing otherwise idle resources. We see ourselves bringing value to a market with untapped potential, evident in the many data centers that have low utilization rates. The US, for instance, has on average 25-35% utilization, and it is often lower in some cases. As an aggregator of idle resources, we provide a cheaper, more accessible, and a much more efficient alternative.
While we certainly cannot achieve everything AWS purports to do, we are committed to excelling at our chosen niche and have our attention focused on computing resources. To that end, we are also currently working with pilot clients across different industries, with an emphasis on compute functions.
In the blockchain and cryptocurrency space, at present, there are several cloud computing services available such as Siacoin. What sets Ankr Network apart from them and could you tell us a little about the platform’s key features that would promote its adoption?
Yes, there are several cloud computing services within the industry, however, each has a slightly different focus and offering. Siacoin, as you mentioned, is centered around decentralized storage, while Ankr focuses on decentralized compute. While there are other decentralized compute companies in the industry such as Golem and iExec, their architecture – and proposition – is slightly different.
Ankr is first and foremost focused on enterprise adoption, recognizing the state of idle resources within companies as it relates to inefficient inventories. We had previously launched a testing platform back in October 2018 and found that the result of 600 people contributing their computing resources formed a highly unstable network, and this marked our transition to enterprise usage.
An appreciation for the amount of waste and under-leveraged systems in the corporate ecosystem has led Ankr to focus on streamlining and bringing efficiencies in line for companies, and this is the biggest difference that marks Ankr apart from our competitors.
Shifting beyond a myopic comparison, it is perhaps more important to look at the unique strengths of each model and their own architecture. The blockchain space has been throwing out elaborate terms and exciting promises of late, but at the end of the day, it will be those who can go to market, produce a viable product, and attract partners and users, that will prove their worth. An excellent example is WeChat – when users use the application, they care only about the utility, and not the underlying technology supporting it.
AMBCrypto also reached out Ariel Ling, the CEO, and Co-Founder of Bitmax.io about her opinion on the cloud computing project and the reason for their partnership.
First of, could you tell us about your experience in the blockchain and cryptocurrency space?
I’m a new member of the blockchain space. My team and I have a very traditional Wall Street background. I have actually got more than 18 years of experience in terms of  Wall Street, crossing boundaries of our top tier investment banks, doing strategic planning, business development, financial risk management and implementation across major trading asset classes at several top global banks.
The main reason is a bit similar to what Ryan’s vision and the objective was for his venture encore. What we’re looking at is really looking at the current state of the crypto, in terms of the trading market structure as well as the regulatory developments. We do think there is a quite a bit of future developments, where we can definitely lend our expertise to in terms of improving the efficiency, the transparency, as well as a lot of the product innovation.
How do you like the shift from centralized space to a decentralized space?
When it comes down to the digital asset, it’s very nice. So the industry itself it’s at an early stage of development form, you know, full of opportunities as risks and promises. And from a blockchain technology. So, again, as I said, I’m very pleased to have a chance to work with Ryan’s Ankr, to look into his project, to help the success of this project because blockchain from a technology perspective right now is kind of like Internet in the 1990s.
So there’s a lot more development to be done and more innovation, and also there are a lot more business transformation yet to take place. And it’s very exciting. And that’s why we think, you know, that makes sense for us to work with such you know pioneer venture like Ankr; particularly at the moment we are really looking at how we can take the distributed clouding and blockchain technology to actually transforming or optimizing, some of the existing industry that is dominated by, you know, like AWS and some other the mature players in a cloud computing.
I do think this is very similar to what we are trying to do, in terms of leveraging our expertise in the algorithmic quant trading, and trying to enhance the market structure, or at least make some effort, right?
Could you brief us about your opinion on Ankr network?
One of the key things we’re very proud of is really the quality of top client services as well as our very innovative trading platform. When we’re looking at what our users, what our clients want, a lot of them is really about coming down to quality projects. So we’re not one of those exchanges which just randomly list a whole bunch of, tokens or projects. We actually have a pretty strict listing requirement in order to identify the very high-quality project for our users.
And so far, we’ve already listed five industry star project in the last several weeks and then a couple more, including Ankr and all of them, but when we are looking at it when we evaluate, it is based off where we came from – I come from traditional finance. So we’re not looking at all projects as a random investment opportunities. It is almost a combination of, basically a very traditional finance evaluation perspective, as well as how the market develops in that regard.
So there are a couple of parameters, that we are always looking at from project evaluation:

has a viable profitable business model;
a growing use user base;
strong community support
various solid reputable funding source.

So when we assessed Ankr and when I initiated discussions with Ryan back in December, almost three-four months back. What we’re looking at is the partnership – where it’s going, you know, how the project paves a huge way for the futures. So we want to know each other well and look at the product itself from a business model perspective. I’ve definitely thought and it is quite interesting the way that they are looking at the overall network computing space.
Their angle is fairly, established and comprehensive from a revenue model perspective. Right. And just in the common sense, how they’re taking the idol cloud computing power and optimizing it is actually very common sense driven, meaning how you drive the efficiency, how you optimize the network. This is something every single firm I’ve been with, at different six different investments, is struggling with.
I think from what they’re approaching, it’s a fairly viable business model, and it makes sense. And, then from a second point about growing your space and I’ve also been spending a lot of handling with Ryan, Chandler, and the team. I’ve known that just before this partnership, that he had very established players and, they’re working very closely with them on the prototype of their product development. So there’s definitely a growing appetite for their product.
And, then from a strong community support perspective, I think they have done a fantastic job managing meetup across the globe, especially in Asia, where there is a lot more activity for users. And, from the user training perspective, that they’ve done quite successfully in a meetup in Korea, in China and in different parts of the dynamic marketplaces. I’ve definitely noticed their community has been growing, and there is a telegram group, we chat group. It’s a pretty solid use community. We’re also looking at what their backers are and who actually provided their initial funding. And then, a lot of them are pretty top tier VCs in the crypto world. We actually share one exactly same, same VC, DHVC.
These are the four criteria with which, we have done our due diligence and spent a lot of time getting to know them to know their product, their community. So we’re pretty comfortable. This is a pretty high-quality project.
And I think from a vision perspective, that the partnership makes sense. They’re striving for transparency, efficiency, as well as transformational efforts to a very matured industry, as it is a very similar thought process with us.
The post Ankr, powering the cloud for the next decades to come, soon to be listed on BitMax.io appeared first on AMBCrypto.
Source: AMB Crypto

Cocos-BCX, Loom Network and Tron trifecta aiming to change the crypto space for the better

The blockchain technology and cryptocurrency space has always been regarded as revolutionary. Due to the numerous benefits it offers, even top industry players are now looking into its use-cases. One of the key sectors blockchain has proved itself to be beneficial is the gaming sector.
In fact, the gaming sector is speculated to be blockchain’s “killer app,” the catalyst for its mass adoption. Presently, the notable players in the space are TRON, Loom Network, and Cocos-BCX. Recently, United Labs of Blockchain Technology based in China did an analysis of the three leading projects in the space.
Loom Network
It is the second layer scaling solution for Ethereum [ETH], the second largest cryptocurrency in the space and the leading smart contract platform. This scaling solution enables DApps with large transaction volumes to scale to millions of users. More so, Loom achieves this without causing major congestion on the Ethereum blockchain.
The primary product of the Loom network is SDK. It enables developers to build blockchains without the need of understanding its mechanisms. The key feature of Loom SDK is the generation of DApp chain, a Layer 2 blockchain that uses Ethereum blockchain as its base layer. It is an application-specific chain that functions parallel to the Ethereum’s main chain. Here, the rule can be customized based on the use-case of the application, whereas the security is entrusted to the mainchain’s consensus algorithm.
Loom Network currently has three sidechains namely,

PlasmaChain
GameChain
SocialChain

PlasmaChain is a revamp of ZombieChain and is considered to be the most important chain among the three. The chain was rebranded as it was going to be the center-point for token transactions that are linked to Ethereum via Plasma Cash. In simple terms, PlasmaChain is a built-in decentralized exchange that acts as a bridge to Ethereum mainchain and other sidechains, thereby enabling faster and cheaper transactions.
Plasma Cash, on the other hand, is the scaling solution proposed by Vitalik Buterin, the creator of Ethereum, and Joseph Poon, the co-creator of Lightning Network. The solution is basically adding a layer of smart contract that interacts with the main chain. This is done in order to decrease the transaction fees associated with smart contract and developer applications.
Features of PlasmaChain

In order to support ETH, ETC20 and ERC71 token transactions, Plasma Chain is linked to the mainnet
Has it own built-in decentralized exchange
Allows payments of fees in Ethereum and Loom token
Will enable BTC payments in the future
Will link Plasma Cash to Layer 3 chains, with PlasmaChain as the main chain

Plasma Chain architecture | Source: Loom Network
Much to users’ delight, Loom network and Cocos-SDK have partnered up with each other in order to integrate Cocos-SDK in Loom DApp development environment. This basically means that the Loom network would be releasing a developer application chain support for the gaming platform.
TRON
Tron is one of the most popular cryptocurrencies in the space, currently the eighth-largest cryptocurrency by market cap. Tron is also one of the largest blockchain-based operating systems around the world, aiming to surpass Ethereum in the next few months. Unlike Ethereum’s Proof-of-Work [PoW] consensus mechanism, Tron chose Delegated Proof-of-Stake [DPoS] consensus mechanism, which supports smart contracts.
The platform strives towards building a “free, global digital content entertainment system with distributed storage technology and allows easy and cost-effective sharing of digital content”. The key features of Tron are high-throughput, high-reliability, and high-scalability, all of which focus on supporting developer applications.
More so, Tron fundamentally has three main layers:

Application Layer
Core Layer
Storage Layer

These layers are further divided into different levels based on their features. Storage Layer comprises of block storage and state storage, Core Layer comprises of Tron Virtual Machine [TVM] and TVM compatibility with Ethereum Virtual Machine [EVM], and Application Layer comprises of DApps and wallets.
Additionally, Tron protocol is well-known because of Protobuf, a protocol that is used to generate code, and which supports multi-language extension. The languages supported on Tron include JAVA, Scala, C++, Python and Go. This enables clients to develop applications in an easier way by unifying the API definitions. It also paves the path for optimized transfer of data.
According to the report, Tron will be collaborating with Cocos-BCX in order to enable cross platform digital asset circulation. The collaboration will ensure the integration of fungible token standard of Tron and CoCos-BCX.
Cocos-BCX
Cocos-BCX is one of the most popular end to end solutions for decentralized game development. The core features of the platform are the game engine, development environment, and its own blockchain. Cocos-BCX, similar to Tron, makes use of Delegated Proof-of-Stake [DPoS] consensus mechanism, thereby ensuring high-throughput, speedy confirmation, community incentive and low resource consumption.
The platform aims to build a “complete run-time environment with multi-game system compatibility,” thereby creating a convenient and perfect ecosystem environment for the development of games on the blockchain. More so, Cocos-BCX also aspires to “bring users new game experience and unprecedented game forms”, wherein users will have complete control over game assets and environment, thereby ensuring fairness and transparency.
Cocos-BCX architecture is divided into four layers,

Application Layer
Runtime Layer
Contract Layer
Blockchain infrastructure Layer

Cocos-BCX architecture | Source: Cocos-BCX
The platform’s Contract VM is noted for using Lua 5.3-based language as it is compatible with most of the library functions and standard Lua syntax. Moreover, the platform will soon provide support for JavaScript as it is the most preferred language by Web game developers.
The key-features of Cocos-BCX are,

Multi-device adaptability and Inter-operable interface
Inter-blockchain exchange converts fungible and non-fungible tokens which have different data structure and standards
Improved DPoS consensus mechanism
Enables execution of smart contracts across blocks
Improved data transmission and high-performance VM solution

The most popular products and protocols of Cocos-BCX are,

Cocos, based on GrapheneTM framework – Max theoretical throughput: 100,000 TPS; tested: 3500 TPS with 3 seconds block intervals
In order to support multiple blockchain systems, Cocos-BCX has its operating system and integrated development environment
It also has distinct protocols for exchange, customization, and universal asset creation

Comparison between Loom Network, Tron, and Cocos-BCX:

System
Feature
Loom Network
Tron
Cocos-BCX

System Layer

Consensus Mechanism

High-throughput support
Each DApp has its own sidechain system, wherein the throughput can be adjusted in accordance to node configuration
Enabled with its DPoS mechanism and lower block generation period
Improved DPoS mechanism and lower block generation period ensure high throughput performance, thereby shortening the redundant computing process in the transaction

High-response support
Latency of transaction response <1s
Latency of transaction response <3s
General transaction response latency <1s. Special latency of transaction <50ms

Business Logic

Randomness support
External source randomness input & Double-blind randomness input
External source randomness input & Double-blind randomness input
External source randomness input, Double-blind randomness input and Internal source randomness input

Transaction atomic merges
Implement atomic operations with combined transactions defined by contract
Implement atomic operations with combined transactions defined by contract
Implement atomic operations with combined transactions defined by contract; combined OPs into one transaction in the form of OP group

Digital Assets

Homogenous Assets

Homogenous Assets Support
Under ERC20
Under TRC10 and ERC20
Under Graphene framework standard

Smart [pegging] Digital Assets Support
Unsupported
Unsupported
Supported

Non-Homogenous Assets

Circulation
On-chain business use; Circulation with Ethereum system
On-chain business use
On-chain business use; On-chain cross-business use without interfering mutual business data; Circulation with Ethereum and EOS networks; Circulation with networks such as TRON, ONT, NEO, etc.

Standard
ERC721x non- homogenous assets standard
Ethereum alike non- homogeneous assets standards
BCX-NHAS-1808 Standard; NVAS-1809 Non- Homogenous Assets Standard

Complex business model support
Unsupported
Unsupported
Support models such as collateralization, lease, pawn etc.

Despite all these features, the report states that there are problems that are inevitable in terms of transaction-level cross-chain docking in blockchain system. Since the security of blockchain is highly dependent on a series of authorization design and complex signature technology, there will be problems with verification, identification, and authorization during the interaction between the main chain and the sidechain.
The report reads, “The interoperability and security become two contradictory issues for the two chain systems. To maintain the existing security mechanism of the blockchain system, it will require various verification modes such as multi-signature, and proposals/voting etc., which will significantly lower the performance [1~3 min/transaction].”
Nonetheless, the three projects are working towards providing the best and the safest platform for developers. In the current scenario, Cocos-BCX seems to be leading the way as it not only provides improved features but is also playing a major role in the adoption of cryptocurrency and the blockchain space.
The platform has formed strategic partnerships with other leading projects in the cryptocurrency space, such as Binance, Nebulas, Loom, Slow mist, HelloEOS, OK Blockchain Capital, and NGC. This indicates that the horizon regarding the cryptocurrency sphere could be on the bright side of development.
The post Cocos-BCX, Loom Network and Tron trifecta aiming to change the crypto space for the better appeared first on AMBCrypto.
Source: AMB Crypto

PANTHEON X steps into the cryptofund ecosystem by building a platform best suitable for new and experienced investors

Satoshi Nakamoto is well-known in the blockchain and cryptocurrency space for creating the largest digital currency in the market at present, Bitcoin [BTC]. The inception of the coin led to the creation of several others alongside the creation of a decentralized ecosystem. The entire ecosystem now strives to take the power back from governments and financial institutions and return it to ordinary people.
Notably, the cryptocurrency is not the only greatest invention of Satoshi Nakamoto. The creator is well-known across the globe, especially the Fintech industry for developing the blockchain. The primary use-case of the technology was to serve as a public ledger for the currency’s transactions.
However, the vast use-cases of the technology were soon recognized by several people from various industries, with key factors such as transparency and security grasping everyone’s attention. The blockchain is currently hailed as a disruptive technology and is considered a revolution in the system of records. In the present scenario, the use case of blockchain technology is being tested in several industries including supply chain management, healthcare, and travel and tourism.
Once such industry that the technology has a massive impact on is the financial industry. Here, blockchain paves a path for increased transparency, faster payments, eliminates intermediaries – thereby by enabling peer-to-peer transactions and reducing counter-party risks.
PANTHEON X has stepped into the space with an aim to bring about all the best advantages to cryptocurrency investors and traders. The firms aim to build a blockchain-based open financial business platform, with a reliable network that allows everybody in the ecosystem to engage in a safe and transparent trade. PANTHEON X intends to build an ecosystem that defines decentralization at its best, wherein people will self-govern the entire system by transforming it into an efficient one.
In general, PANTHEON X is composed of three stages:

Cryptofund Marketplace
Knowledge Network
3rd party services/ PANTHEON Intelligence

This is essentially the front office service that raises existing cryptocurrency financial funds or new cryptocurrency financial funds. This window is managed by certified crypto-managers specializing in the cryptocurrency market. These managers operate and sell their crypto financial products, which is, later on, bought by investors. For an individual to become a crypto-manager, one will have to pass the minimum requirements laid down by the platform.
Much to the users’ delight, Cryptofund Marketplace has a very simple set-up, which can be very well understood even by a new investor in the cryptocurrency space. Crypto-managers, at first, are required to register on the platform. This will be followed by the managers setting up their wallet and launching cryptofund products that they consider is best suitable for the investors depending on market conditions.
The product will then be promoted by the crypto-manager, along with a marketer. And, at the same time, the product will be analyzed by a cryptocurrency analyst.
The analyst’s review on the fund is passed onto the investors through the firms’ Knowledge network.With the help of the intelligence function, managers can effectively manage their customers’ funds. With this set-up, managers will be able to focus on providing the cryptofunds that are demanded by the investors. For this, managers will receive rewards and management fees in cryptocurrency, when a certain amount of profit is earned.
Knowledge Network
This network is the knowledge centre that creates, distributes and consumes content pertaining to crypto-financial investment. This network also has all the data collected by crypto-analysts that details the various funds available on the platform and otherwise. The main agenda of this network is to create an active ecosystem, within which users promote trust by detecting system errors, verifying information and providing suggestions that would contribute to the platform’s improvement.
This network plays a vital role in creating content that focuses on cryptofunds, advertising and promoting these products. It also encourages healthy communication among the participants by providing all the necessary instruments.
In addition, this network also functions on a reward system. Here, the rewards are based on Appendix – The Reward System on the Knowledge Network. Users are rewarded in accordance with their contribution and reliability on the network. This is based on their participation, which is determined through the users’ social media activity and their projects.
PANTHEON Intelligence:
This is the work that is managed by the middle office and the back office of the ecosystem. Here, the middle office is responsible for the market risks, credit risks, and most importantly, supervising the front office. On the contrary, the back office engages in operations such as confirming and processing a transaction and also settling payments.
Additionally, with all the data accumulated on the cryptofunds on the platform and with the internal infrastructure, the firm will later expand these services by collaborating with a 3rd party.
The platform will also have an authentication process, which will ensure that only the participants contributing to the healthy development of the platform can make transactions. PANTHEON X ensures effective asset management by providing infrastructure such as consignment and escrow.
Most importantly, the platform employs an Artificial Intelligence Engine, which provides automated services that are determined on the data collected on Cryptofund Marketplace, Knowledge Networks, and PANTHEON Intelligence. But, the key role of the AI engine is to detect fraud, enable automated compliance, maintain the reputation of the marketplace, and act as an evaluator of the platform on a constant basis.
The platform also provides support to the users’ activities that take place in the ecosystem. This is achieved by collecting users’ information, analyzing their activity on the platform, and studying their financial records. All the information is encrypted and stored in the platform’s Inter Planetary File System [IPFS].
Token Economy
Along with its mind-boggling concept, PANTHEON X has decided to adopt the double token economy. The platform will have a utility token, XPN token and a token for internal operations, XPW [Xpower]. The utility token will be used to participate in the cryptofund marketplace and the other tokens will be used to reward users on the knowledge platform. This token can immediately be swapped for XPN tokens on the platform.
Revenue Distribution
Unlike most of the projects in the space, PANTHEON X aims to give a part of its revenue back to its community for contributing to its development. The team has decided to allocate 40% of its revenue for all the XPW token holders, a reward for staking and actively taking part in the knowledge network. More so, once the revenue is distributed, the users get to chose the token they want to collect their reward. The rest of the token is divided into 40% and 20%, wherein 40% will be considered as the profits earned by PANTHEON X after the expenses are deduced from this and the rest is going to be reserved for unexpected costs.

AMBCrypto reached out to PANTHEON X to clarify doubts about the project
What drove you to create PANTHEON X?
Finance is one of the most important and sophisticated industries and can utilize the technical advantages of blockchain technology including the prevention of forgery of transaction history, automation of related procedures and P2P payment. Also, the issuance of security tokens that use securities like stocks and bonds but also actual assets like real estate and precious metals as their underlying assets, is significantly increasing. Therefore, the need for crypto finance that uses cryptocurrencies as an underlying asset is on the rise.
Unlike the existing financial system, the crypto financial service has a self-regulating system and bare minimum guidelines. It not only enhances the transparency of transactions through a distributed ledger system but also lowers the transaction costs by minimizing the role of centralized financial intermediaries. Moreover, it can reduce the processing time through automated systems like Smart Contract. The crypto financial service also has a high-security level because it is impossible to counterfeit and forge information on the blockchain.
Why is PANTHEON IPFS required? Isn’t collecting and storing information of users activity on the platform and breaching privacy to a certain extent?
PANTHEON Intelligence is not to record all user activities but to detect abnormal behavior of fund managers. We store the data but sort out the ones that may be the basis for investors to make an investment decision and only expose those data. We do not disclose data that may infringe the privacy of other individuals to other users. Furthermore, the collected data will be used as resource data for internal AI engine only and does not breach by public disclosure.
Will PANTHEON X seek data collected from other platforms apart from its own AI engine to ensure the well-being of its users?
We will use the information gathered from PANTHEON X and will use the resources of the partnerships to the extent that personal information is not infringed.
Why did PANTHEON X choose a dual token economy?
We chose a dual token system because each token serves different purposes.
XPN is listed token on exchanges. XPN is used when fund managers build crypto funds, pay a performance fee when XPW holders exchanging to XPN to cash out when users purchase contents from Knowledge Network.
XPW is a non-listed token and used within PANTHEON X platform only. It can be a compensation or purchase method on Knowledge Network for ads, content creation, sharing, and reporting, etc.
What is the key milestone PANTHEON X is planning to achieve this year?
The main sale is expected to be on March-April, Cryptofund marketplace MVP this mid-Feb – March, PANTHEON Protocol test-net Q2, main-net Q3, and Cryptofund Marketplace official launching Q3.
The post PANTHEON X steps into the cryptofund ecosystem by building a platform best suitable for new and experienced investors appeared first on AMBCrypto.
Source: AMB Crypto

The $700 billion dollar “Death of Cryptocurrency” is just the beginning

It is important to talk about where we are right now.
You can probably feel it yourself, the depression stage of the cycle categorised by fear, doubt, the reluctance to invest capital and general panic.
Do you know how far Amazon stock dropped in the tech bubble from January 2000 - September 2001 [20 months later]?
It dropped 95% – sound familiar?
During this time nobody wanted to touch it, the market could only think of negative reasons why the price would go down forever. Investors were pessimistic, and nobody had the courage to act.
Some companies died, forever, but what came next was the re-birth of something 100x bigger. It went from a tech bubble to the tech revolution. And you wouldn’t be here if, at some stage, you didn’t believe in the blockchain revolution. Now, we don’t know which companies will be the next blockchain Amazons, but we are looking for them every day. And we will find them.
While we move through this stage of the cycle, capital will be tight, and we need to be even more prudent with our investments. Keeping portions in cash, taking profits earlier than usual or making long term investments that you intend to hold for long periods of time.
You can get my complete trading strategy in the FREE Boss Cryptocurrency trading and investing course.
Price cycles around a trend. This is something we all know.
When using trends as forecasts for the future price of an asset you are simply extrapolating the past into the future and there is no guarantee that the previous trend will repeat exactly, but it may rhyme.
I believe they offer a good amount of insight into the flow of price, yet would not trust it, for example, to predict the exact dollar value of Bitcoin in 2021.
The below is a simple breakdown of the past trends as they were before the bulls took over and blew the price to crazy highs.
This phenomenon is in no way just related to cryptocurrency trading and investing. It happens in every market. Why? Because humans are involved in every market.

Firstly
You can see the % retrace marked in blue. And you can see the horizontal green box, which was the depression stage at the end of the 2015 bear market, duplicated to today’s market.
Secondly
You can see the two red trend lines. The highest of the two was the 2012-2013 bullish accumulation period before the major breakout at the start of 2013 and the second is the bullish accumulation period from the end of 2015 to the start of 2017 before the major breakout.
As you can see, the second accumulation trend was at a slower incline than the first, and I believe that was caused by a much larger collection of money in the pool.
From this data, I would make the assumption that the next bullish accumulation trend, after the depression period, will also be slower than the 2015–2017 trend. If there is a similar boom, the peak of that boom might reach near the bottom of the previous trend as we saw in December 2017.
Thirdly
You can see similarities in volume. I wanted to talk about this because the volume charts look similar across most exchanges that were trading Bitcoin during the last bear market. The amount of volume in both the bull market and bear markets of 2017 and 2018 was lower than the volume of the 2014–2015 markets.
However, the shape is the same:

A build-up of Euphoria
Mass Panic
Uncertainty
More Panic
Unknown in 2019, and in 2015 we saw more uncertainty, or as I am referring to it: Depression.

Conclusion
There is no way that we can know for certain what is to come, and it is unlikely to repeat exactly however this picture does show us a clear picture on the past market performance in all times, across all emotions. It is a complete picture.
The depression cycle is always [not just in cryptocurrency] the most important time to be vigilant for new investments. While a lot of old projects will succeed, a lot that came through in the ICO boom are dying, new ones will be there to take their place.
You need to know what ones, and why.
Safe trading,
Boss Cole  - Boss Crypto Trading Academy
The post The $700 billion dollar “Death of Cryptocurrency” is just the beginning appeared first on AMBCrypto.
Source: AMB Crypto

Mobile Payments Is A Big Market – And It’s About To Get Much Bigger

CoinSpeaker

Mobile Payments Is A Big Market – And It’s About To Get Much Bigger

In recent years, mobile payment has become a key method of online shopping and other forms of eCommerce. With more members of Generation Z, who grew up in a world where smartphones were not an innovation, but a reality, this segment of the financial space is expected to grow tremendously in coming years.

Mobile Payments Is A Big Market – And It’s About To Get Much Bigger

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Source: CoinSpeaker