Day: December 1, 2017

ICO’s are swiftly changing the rules of funding for ambitious, new projects involving Blockchain. While ICO’s are proving to be a boon for budding and seasoned entrepreneurs with brilliant business ideas, they also present lucrative investment opportunities for investors, who gain profits from their coin/token holdings when the projects do well.

Win-win situation for both the parties? Not every time. There are ICO’s galore, but not all of them are worth investing in. In fact, most of the ICOs fail either because of incompetent ideas, team, articulation of the project to the audience, etc. or they are Ponzi schemes or scams from the very beginning. 51 projects conducted their ICO’s between July 1 and September 25th 2017, yet most of them (59%!) failed to meet their funding targets.

In my experience with ICOs, I have found out that there are no hard and fast rules around them which can help one decide if an ICO is based on a serious project, or a scam, or if it will do well or tumble. I look at various factors while considering an ICO for its investment potential, and my reviews are always backed with careful research and analysis. This time, the project I have reviewed is the Vietnam-based Teky, and I believe that it will be worth investing in its token. Here’s why – 

1. A great product empowering parents with new possibilities of educating their children

Teky is a not a run-of-the-mill e-commerce platform selling mobile phones and tablets. Mek.store, the project’s online store, will sell those, and a host of smart-tech technology products such as VR equipment, wearable technology, drones, robots, 3D printers, as well as STEM (Science – Technology – Engineering – Mathematics) education toys. And unlike other popular e-commerce platforms such as Amazon, it will not sell only expensive products from big brands, but it will also have products from lesser known brands from China and other countries, which are priced more economically but are at par with the quality of products from bigger brands. TEKY Academy, on the other hand, is an education company with Lab chains, franchisees, and online courses for children from 4 to 17 years old in 3 main categories including Programming & Application Development, Robotics & Engineering, and 3D Technology & Multimedia. Teky will offer cross-border delivery service of their products for parents around the globe. Thus, this platform can help parents introduce their children to technology in a constructive and safe manner at a young age.

2. TKC utility token

The TKC token can be used on mek.store for purchasing any tech product, or for purchasing any technical course from the Teky academy. The value of TKC will increase as its usage in the community increases. TKC token holders will be a rewarded with a share of annual profits.

3. Good reviews from Top ICO Listing sites

The Teky project is being perceived favourably by crypto-enthusiasts as well. It has a score of 8.53/ 10 on icoforyou.com and a score of 4.2/ 5  on icobench.com.

4. Project being featured by Major Media Houses

The project has been featured by platforms such Forbes Vietnam, Deal Street Asia, Geektime.vn, Viettimes.vn, Thebitcoinnews.com, etc. With such renowned mainstream and crypto-media houses giving attention to Teky, it speaks volumes about the project’s credibility and potential.

5. Strong team

Teky is also a robust project because it has industry veterans working on it.

• Emma Dao, the Group CEO & Founder has been a part of the executive management of several successful projects such as the multi-million dollar revenue earner NextTech Group, WeShop Group Holdings – a Cross Border E-commerce Business in Malaysia, Thailand, Indonesia, Philippines, Vietnam and US, and ViMo Payments Company – one of the leading mobile payment solutions in Vietnam.
• Jack Yang – Group CTO & Co-Founder, has been working in the Blockchain space for 3 years, and has  10 years of experience in designing, building and developing IT system, information infrastructure for e-commerce transactions, online communication and ERP system. The profiles of all the team members can be found on their site.

6. Great Recognitions

In March 2017, TEKY was recognized by Melbourne University and the Australian Government as the Most Outstanding Project that could have an impact on future society in Southeast Asia. In June 2017, TEKY was chosen as a Top 4 project in the NextGen Women Entrepreneurs Program in Switzerland.

5. Strong Partnerships

Teky has already entered into partnerships with eminent national and international organisations such as Hanoi Department of Education and Training, Hochiminh department of Education and Training, Next Tech Group of Technopreneurs, First Code Academy, Citibank, SIGNONG Media, VIC Partners, List Premier Education and Zenobot.

Thus, the project has several strong factors in its favour which underline its soundness and reliability. The project’s team members are connected with their audience on Facebook, Twitter, Telegram, Reddit, Medium, Steemit and Bitcointalk and keep updating them on developments about the project.

The details of the project are given in their whitepaper, a comprehensive but easily-readable document available in English, Vietnamese, and other languages on their website. To read their whitepaper, and stay updated on their upcoming ICO, visit their website: https://ico.tekycorp.com/.

Did you like this review? Let me know in the comments.

The post 7 Reasons Why You Should Invest in the Teky ICO – Unbiased Review appeared first on NEWSBTC.

From price action, it is turning out that NEO and NEM bulls shall close the week strongly.

What we should note though is the strong NEO bounce from the main support trend line at around $29.

The thing is, NEO is now above $34 line and technicals are even set for more upside.

DASH and Monero are slowing down with lower lows while IOTA is oscillating around key resistance zone of $1.3

Let’s look at the charts:

AFTER TESTING LOWS OF $0.20 NEM BULLS BOUNCE BACK

NEM bulls are trending higher in the daily chart and clearly fading the double bar reversal pattern that formed on November 28 and 29.

Overly, the bulls are in charge even if we take a top down approach and base our trades on the weekly chart. In the 4HR chart, bull momentum is strong. In fact, there is a stochastic buy signal turning from oversold territory.

Then again, notice how price action bounced off the support trend line at $0.20. Right now, NEM bulls have broken two levels of resistances at $0.22 and $0.24 with $0.26 highs printed on November 29 being the next target.

It will be extremely important for bulls to close above $0.24 and the main support-previous resistance trend line in the daily chart.

$820 REMAINS A SHORT TERM RESISTANCE ZONE FOR DASH BULLS

In the daily chart, DASH is moving within a very steep ascending channel.

Even if we have a stochastic sell signal turning from overbought territory, buyers looking to enter the trade should tread with caution. This is largely because DASH is bullish in the weekly chart.

Zooming in to the 4HR chart, the lower lows relative to the upper BB is clear and with stochastics in place, DASH looks likely to correct towards the 20 period MA should prices fail to close above November 30 highs of $818.

The ideal bear target is at November 20 highs of $670 but since the trend is bullish, we only initiate longs when there are stochastic buy signals in place.

IOTA BULLS SHOULD IDEALLY CLOSE BETWEEN $1.1 AND $1.3 BY WEEK END

While trading IOTA, we should remember that price action is around highs Fibonacci retracement tool stipulates. This is our area of temporary resistance.

Going forward we expect two things to happen in order to rubber stamp our bull projection. As the week close tomorrow, IOTA bulls should at least close within $1.1 and $1.3.

The second and the most ideal situation calls for IOTA bulls to close strongly above the resistance trend line of this rising wedge even if we have stochastic sell signal in place.

At the moment, intra-day traders should wait for a close below the 20 period MA to execute short positions with immediate target at $1.3.

$170 IS A SHORT TERM SUPPORT LINE FOR MONERO BULLS

Yesterday, Monero short term trend was entirely based on which part of the divide price action closed at.

Resistance line was at $170 while support was $154. Well, bulls took over after price action moved in sync with the weekly chart trend.

Because of this break and close above resistance, our immediate support is at $170. This will largely depend on if bears shall manage to close below the 20 period MA.

The later has been a strong support zone over the last 4 weeks and is therefore a significant level. Overly we remain bullish and take long positions only.

BOUNCE OFF MAIN SUPPORT TREND LINE MEANS NEO BULLS ARE IN CHARGE

NEO bulls are reversing from below the main support line at $34.

This is after that spectacular reversal from the main support trend line after a double bar reversal pattern was formed accompanied by a stochastic buy signal turning from oversold territory.

Immediate support remains at $34 and retest is a buy opportunity.

Generally, every dip is a buy opportunity going forward and will remain so especially if prices close above $40.

All charts courtesy of Trading View

The post NEO AND NEM ENDING THE WEEK STRONGLY AFTER INITIAL BEAR PRESSURE-ALT COIN TECHNICAL ANALYIS DECEMBER 2, 2017 appeared first on NEWSBTC.

In August, on Kibo’s official blog, Kibo team published detailed report, where they summarized all the work done and shared results of the finished testing of the first version of Kibo Lotto gaming platform, in which more than 1000 token holders participated. The team shared plans for the near future and told about what unsolved issues in Ethereum technology today are constraints to the Kibo launch and to many other projects based on Ethereum smart contracts.

As the team reported, despite the high degree of project readiness, the launch is impossible due to the high cost of gas and significant limitations with the capacity of the network itself.

Recall that Kibo Lotto was the first decentralized platform for lottery games, which held ICO back in October 2016, and, despite the DDoS attack on the Ethereum network during the sales period, the project managed to attract almost $ 4,000,000. The project is based on the so-called KiboPlatform affiliates – platforms where each owner gets the opportunity to develop their own lotto with a fully-prepared infrastructure and a single growing jackpot, working conditions of which are fully managed by smart contracts.

To date, Kibo has more than 6,000 well-motivated affiliates from the ICO period, whose geography numbers dozens of countries. Many of these affiliates have their own significant traffic in their regions. All these affiliates will become points of growth and attract the first audience to get acquainted with the benefits of Kibo.

The main boost for such familiarization for each user will be an unprecedented for the entire gaming industry promo campaign. Organizing such promo was one of the main tasks of the ICO in October 2016. The amount of promo-prizes at the launch will already be more than 40 000 000 USD

Last months KiboLotto development team were focused on refactoring the code and implementing updated concept, they plan to complete this works by the end of this year — beginning of the next year.

«Our team designed a new solution that in preliminary tests allowed to significantly reduce gas costs of Kibo contracts, which can become a solution that will allow the platform to launch in the current network conditions and accept the first users.

If we don’t encounter unforeseen obstacles in the testing process, we’re planning to report the results of this work and seek to launch the first version of Kibo, which will be able to accept a limited number of users, in the first quarter of 2018.»

– said on Kibo’s official blog

The other day the team reported that it was decided to make an unprecedented for the whole industry step and distribute some of the funds belonging to the team between all those who supported the project at an early stage of development and participated in the ICO a year ago.

The total amount of distributed funds will be about $ 13 million.

Distribution plan includes all Kibo partners, including KiboPlatform owners, and it is made in an amount of investments in US dollars at the time of the ICO with an additional double-rate charge.

«The decision to distribute part of the funds belonging to the team was made solely from the personal considerations of the team that is working on the project, so that our investors can wait until the launch of the platform, starting from today, with no more financial risks for themselves.

And of course, we see this as the best opportunity to thank all those who supported us in the beginning of the road and continue to support, despite the fact that we have faced problems, solution of which doesn’t depend on our team.

The distribution plan does not in any way affect the further development of Kibo. Large team is working on the project, and in the coming months we will publish a lot of news. In the same way, this distribution is by no means a purchase of tokens or platforms from their owners. All tokens and platforms in full and without any changes will remain to the current owners.»

– сommented project’s CEO Alexey Miller

All funds will be distributed from the Kibo’s marketing fund, which increased due to the fact that developers of the project didn’t convert part of the funds into the fiat currencies and, predicting the growth, left Kibo’s prize fund in ETH.

Now the team is focused on optimizing the platform to launch the first release of KiboLotto in the real network.

It is also possible that in the first months of 2018 Kibo tokens will finally be released to exchanges. The team has not yet listed the token to open trades, since it initially decided to list tokens only after the work is completed and the project is launched.

Given that the large-scale launch of Kibo is delayed until the scalability of the Ethereum network is resolved, tokens can be released at the beginning of the next year, when a limited version of the platform is launched, which can receive tens of thousands of users.

Kibo’s official blog

The post Kibo Lotto team announced the distribution of $ 13 million between holders of tokens and platforms appeared first on NEWSBTC.

AWS CEO Andy Jassy claimed there are limited use cases of Blockchain “beyond the distributed ledger.” He also reiterated the company’s policy not to “build technology because we think it is cool.”

29.11.2017, Singapore. The DIM Ecosystem has expanded further with the launch of DIMPAY, an instant, borderless and decentralized payment system based on NEM blockchain technology. DIMPAY aims to facilitate cashless transactions for consumers and merchants, along with providing a potential financial solution for the 2 billion individuals worldwide without access to bank accounts.

DIMPAY is specifically developed to facilitate the generating of invoices, tracking of inventory, making payments and much more. The use of DIMPAY will eliminate numerous payment errors as the use of NEM blockchain technology makes this platform less expensive and instantaneous, mainly directed at peer-to-peer, business-to-business, consumer-to-business and business-to-consumer transactions.

Consisting of the DEPOTWALLET web-app, the mobile-app and the DIM Debit Card, this payment platform will allow users to buy, sell, hold and manage cryptocurrencies and cryptonized assets in a secure manner. Additionally, the DIM Debit Card will allow consumers to engage in e-commerce and walk-in purchases within the mercantile sector. All while the consumer is in full control of his finances at all times, trusting that strong fraud protection and illegal activity measures have been implemented accordingly.

DIMPAY further makes use of a QR code which imbeds all required information securely with no corresponding email address, enabling customers to make purchases and merchants to receive payments utilising anonymous accounts. Accounts that can also not be blocked or frozen, as with many other payment systems. Moreover, the DEPOTWALLET Business Account is accessed through scanning a Quick Response (QR) code with a mobile device instead of applying the common one dimensional barcode system.

According to Cisco’s Global Mobile Data Traffic Forecast Update, global mobile traffic acquired a growth of 63% in 2016 reaching heights of 7.2 exabytes (7.2 billion gigabytes) per month. This went up from 4.4 exabytes per month at the end of 2015. Further growth is expected, 49 exabytes by 2021 to be exact, while mobile devices will represent 20% of the total IP traffic with smartphones accounting for over 50% of global devices and networks.

As mobile devices continue to increase in popularity, the adoption of QR codes and mobile payments will increase. DIMPAY is positioning itself to reap the rewards of this anticipated mobile usage boom.

The QR code will be the foundation for P2P, B2B and B2C sectors using DIMPAY. The use of the QR code will eliminate the need for numerous participants such as cashiers within the payment process. The elimination of these partakers in turn will lead to decreased costs and increased efficiency, resulting in savings for both the consumers and merchants.

The DIMPAY ICO is designed to facilitate the development of this platform with full details available on www.dimpay.io. (Please note the mobile version of the site will be complete December 8)

The DIMPAY Foundation is a stand-alone company that is not associated directly with the DIM Foundation. It is the first step towards a decentralized idea of the DIM Ecosystem.

ICO Dates: 4 December (00:00 CET) – 15 December (23:59 CET) 2017

Purchase: DIMCOIN

Maximum ICO Target: 1,500 BTC

Bonuses Available:

• 25% (35% for using NEM) 1 – 3 December 2017
• 10% (20% for using NEM) 4 – 9 December 2017
• 5% (15% for using NEM) 10 – 15 December 2017

Further Information: www.dimpay.io

The post DIMPAY’s ICO Launch The future of decentralized cryptocurrency payments appeared first on NEWSBTC.

Indian government concerned about Bitcoin’s potential use in illegal activities, will not legalize the currency until regulations are in place.

The decentralization that comes from Blockchain usage can free commuters and taxi drivers from the control of centralized institutions, increase efficiency.

That awkward moment when your subordinates publically disagree with you… JP Morgan Chase strategist parts ways with Jamie, says Bitcoin has legitimacy.

According to survey results, millennials prefer to control their own money and are displeased at low interest rates offered by banks.

CME Group today announced that it has self-certified the initial listing of its Bitcoin futures contract to launch on Monday, December 18. “We are pleased to bring Bitcoin futures to market after working closely with the CFTC and market participants to design a regulated offering that will provide investors with transparency, price discovery, and risk transfer capabilities,” said Terry Duffy, CME Group Chairman and Chief Executive Officer.