Day: January 31, 2018

Cambridge Blockchain has partnered with IHS Markit to help financial institutions resolve compliance issues relating to know-your-customer information

Key Highlights

• Ripple price started an upside recovery after trading as low as $0.9599 against the US dollar.
• There was a break above a short-term connecting bearish trend line at $1.0500 on the hourly chart of the XRP/USD pair (data source from SimpleFx).
• The pair seems to be struggling to recover above $1.0880 and is moving lower once again.

Ripple price is recovering against the US Dollar and Bitcoin. However, XRP/USD seems to be struggling to gain momentum and it could decline once again.

Ripple Price Resistance

Yesterday, we saw a major decline from the $1.1250 swing high in Ripple price against the US Dollar. The price made a downside move and declined below the $1.0000 support area. It traded as low as $0.9599 before starting an upside correction. It managed to move above the 23.6% Fib retracement level of the last drop from the $1.3419 high to $0.9599 low.

Moreover, there was a break above a short-term connecting bearish trend line at $1.0500 on the hourly chart of the XRP/USD pair. The pair traded close to the 38.2% Fib retracement level of the last drop from the $1.3419 high to $0.9599 low. However, the pair faced a lot of sellers near the $1.0800 and $1.0900 levels. The mentioned $1.0800 level was a support earlier and now it is acting as a resistance. At the moment, it seems like the current recovery is facing and the price may move back below $1.0000.

On the upside, a proper break above the 1.0900 level is needed. Above the mentioned $1.0900 level, the next hurdle is near the 50% Fib retracement level of the last drop from the $1.3419 high to $0.9599 low at $1.1509.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD has reduced most of its bearish slope.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is once again moving lower and is currently below 50.

Major Support Level – $1.0000

Major Resistance Level – $1.0900

Charts courtesy – SimpleFX

The post Ripple Price Technical Analysis – XRP/USD Recovery is Fading? appeared first on NewsBTC.

After January 30 rapid slide, alt coin sellers should be a little bit disappointed because there was a general slowdown across most alt coin under our radar.

IOTA, LTC and NEO couldn’t muster a close below yesterday’s lows and what we are waiting for is perhaps a confirmation of January 30 depreciation. Bear break-out levels will act as our resistance and should NEO close below the middle BB in the daily chart, then sellers are likely to cruise.

Let’s dissect these charts:

IOTA Trending Within a Bear Break Out

Time and time again we have seen how break out patterns pan out. At first, prices surge completes the first phase before snapping back and retesting the break out level. We can see the same thing replicating in this pair.

After January 30 fundamental events that saw a wholesale depreciation of digital assets, many traders were expecting a strong follow through as FUD take over. Fact is, the minor support trend line defining the wedge was broken but surprisingly, yesterday’s IOTA price action remained muted at best.

We shall trade according to January 30 trend and aim at $1.85 targets especially if bears continue to load their short positions as prices close below $2.26 in the daily chart. Otherwise, a surge back and close above $3 will definitely cancel our short projections.

NEO Slows Down As Price Test Middle BB Resolve

There was a follow through but it wasn’t strong like January 30 price action. Because of this largely expected price action, NEO bears should view every price appreciation as another selling opportunity.

Our attention today shall be on the daily chart and how sellers will react to the middle BB and $130.

Remember, this has been a very reliable support line in previous occasions any close below will definitely signal the start of bear pressure. For that to happen, we need market participants to decouple from yesterday’s minor accumulation and preferably trend lower towards the second support trend line connecting January 17 and 23 lows.

On the flip side, assuming buyers find support, the first layer of resistance shall be the middle BB and any close above that will mean a bounce off the 20 period MA and a possible bull trend continuation with targets above $155.

LTC Sellers Are In Charge

The thing is LTC found support as bears got a little bit over the tops. However, LTC buyers couldn’t follow through and we are likely back to a bear trend with strong resistance defined by previous double bottoms at $170.

We must acknowledge the fact that the daily chart is a better angle to view short to medium term trend.

From previous price action the 4HR horizontal consolidation translated into series of bull and bear pin bars from January 17 to 27 printing along the 61.8% Fibonacci retracement anchoring of recent high lows.

Since prices broke below this key support level, sellers should be in charge and after all, bear candlesticks are beginning to print along the lower BB in the 4HR chart. If you are looking for buy opportunities, wait for prices to trend above $210 because picking out bottoms is a sure way of losing money in a strong bear trend like this.

EOS Bear Pressure Wanes but Prices Are Still Below $12

It’s a common thing for prices to slow down following an emphatic break out-regardless of direction. Following that surge and close below the middle BB on January 30, yesterday’s prices were restricted within a narrow range with buyers and sellers battling out for control.

Of course, at the end of the day as long as prices are below the middle BB in the daily chart, it would be best to short EOS and that is exactly what sellers should be doing in the 4HR chart.

Late entrants can wait for any retracement towards the lower limit of the consolidation at around $12 and short with immediate targets at $7.2 in line with yesterday’s recommendation.

The post Alt coin Analysis: NEO, EOS, LTC and IOTA appeared first on NewsBTC.

After a year in which the company suffered a high-profile hack, ethereum startup Parity is now moving forward on key project development.

Key Highlights

• ETH price recovered well from the $1,009 low and is currently trading above $1,110 against the US Dollar.
• Yesterday’s highlighted major bearish trend line with resistance at $1,090 was broken on the hourly chart of ETH/USD (data feed via SimpleFX).
• The pair is currently showing a lot of positive signs and it could continue to move above $1,140.

Ethereum price is showing a lot of positive signs against the US Dollar and Bitcoin. ETH/USD is trading above $1,110 and it seems to be resuming its uptrend.

Ethereum Price Support

Yesterday, we saw a major decline in ETH price to well below $1,040 against the US Dollar. The price traded near the $1,000 level and formed a low at $1,009. Later, an upside correction was initiated and the price was able to move above $1,060. There was also a break above the 23.6% Fib retracement level of the last major drop from the $1,229 high to $1,009 low. It opened the doors for more gains and the price moved above $1,075.

Most importantly, yesterday’s highlighted major bearish trend line with resistance at $1,090 was broken on the hourly chart of ETH/USD. At the moment, the price is trading above the 50% Fib retracement level of the last major drop from the $1,229 high to $1,009 low. There are a lot of positive signs above $1,110, but the price has to break the 100 hourly simple moving average at $1,130. Once there is an hourly close above $1,130 and 100 SMA, the price could move further higher.

On the downside, the broken resistance at $1,110 and $1,100 may now act as a support. It seems like the pair is back in an uptrend and it could continue to move higher towards $1,200.

Hourly MACD – The MACD is back in the bullish zone.

Hourly RSI – The RSI is currently well above the 50 level and is moving higher.

Major Support Level – $1,110

Major Resistance Level – $1,130

Charts courtesy – SimpleFX

The post Ethereum Price Technical Analysis – ETH/USD to Resume Uptrend? appeared first on NewsBTC.

Key Points

• Bitcoin cash price started a minor upside correction after trading as low as $1,390 against the US Dollar.
• Yesterday’s highlighted a new bearish trend line with current resistance at $1,520 is active on the hourly chart of BCH/USD (data feed from SimpleFX).
• The pair is currently trading in a range above the $1,450 level, but is facing hurdles near $1,520-1,540.

Bitcoin cash price fell sharply recently against the US Dollar. BCH/USD is currently recovering and is consolidating above the $1,420-1,450 levels.

Bitcoin Cash Price Resistance

Yesterday, we saw how there was a sharp decline in bitcoin cash price to well below 1,500 against the US Dollar. The price even traded a few points below the $1,400 level. It formed a low at $1,390 and is currently correcting higher. It has moved above the 23.6% Fib retracement level of the last major drop from the $1,638 high to $1,390 low. However, BCH buyers are facing a lot many hurdles on the upside near $1,520 and $1,540.

More importantly, yesterdays highlighted a new bearish trend line with current resistance at $1,520 is active on the hourly chart of BCH/USD. The pair is currently trading nicely above the $1,450 level and is consolidating losses. It almost tested the 50% Fib retracement level of the last major drop from the $1,638 high to $1,390 low. However, it seems like the trend line resistance and $1,540 are important barriers for buyers on the upside.

A proper close above $1,540 could initiate a fresh upside move in BCH/USD. On the downside, an initial support is near the $1,450 level. The most important and a buy zone on the downside sits near the $1,400 level. Any further declines below $1,400 could be limited.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD has reduced most of its bearish slope.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is slowly moving higher and is currently around the 50 level.

Major Support Level – $1,450

Major Resistance Level – $1,520

Charts courtesy – SimpleFX

The post Bitcoin Cash Price Technical Analysis – BCH/USD Consolidating Losses appeared first on NewsBTC.

Bitcoin Price Key Highlights

• Bitcoin price recently broke below its symmetrical triangle pattern an hit a low of $9,763.20.
• Price seems to be finding some support from here, so a pullback opportunity may be underway.
• Applying the Fib tool on the breakout move shows the potential resistance levels.

Bitcoin price made a bearish breakout from a consolidation pattern, but a correction seems imminent to the nearby Fib levels.

Technical Indicators Signals

The 100 SMA is crossing below the longer-term 200 SMA to confirm that bearish momentum is picking up. In addition, these moving averages are close to the broken triangle support to add to its strength as potential resistance from here.

This also coincides with the 50% retracement level around $11,000. A higher pullback could last until the 61.8% Fib at $11,297.20. After all, RSI has some room to climb, so bitcoin price might follow suit.

Stochastic seems eager to fall even without hitting overbought conditions, which suggests that bearish pressure could return soon. The current consolidation does look like a flag as well.

Market Factors

The slight bounce in bitcoin price was attributed by many to profit-taking activity at the end of the month. But the lack of major positive catalysts kept a lid on the move higher and failed to encourage more bulls to join in.

Besides, the US dollar drew some support from the FOMC decision as the central bank kept rates on hold but sounded more optimistic on inflation and future tightening moves. Risk appetite peeked back in the financial markets as well, reviving demand for stocks and commodities.

As it is, bitcoin continues to face increased scrutiny from regulators, giving more time for bearish commentary to influence investors’ decisions as well. Apart from that, there are some businesses that are also showing doubts about the cryptocurrency. Then again, keep in mind that bitcoin price has historically fallen for January for the past few years before regaining traction much later on.

The post Bitcoin Price Technical Analysis for 02/01/2018 – Bearish Pullback Opportunity appeared first on NewsBTC.

FOMO Moments

Yesterday was undoubtedly one of the worst for crypto markets for a long time. Over 20% fell off the total market capacity in one day alone, a crash only eclipsed by the January 15-17 selloff which resulted in a 40% market decline. As usual one altcoin shines above the rest during today’s Asian trading session and that accolade goes to Lisk.

LSK had been trading sideways at around $22 for the past week or so. It is one of the few altcoins that shows considerable resilience to large market swings, Ethereum is another. The price of LSK shot to the moon yesterday at 05.30 UTC when it jumped 60% to $36 in around half an hour. Since then the market has corrected and Lisk has returned to around $25 where it currently trades. LSK has made steady gains of around 35% over the past month and is up 25% on the day.

Lisk is a little like Ethereum and Cardano, it is an app development platform and not a currency as such. Developers can build dApps using Lisk and Javascript and have them run alongside the primary chain. The price spike was created by Japanese exchange BitFlyer which announced that Lisk will be added to their altcoin market. A rebranding and facelift is also due this month at an event in Berlin which should keep the coin in the green.

Lisk currently has a market capacity of $2.9 billion, it is 16^th in the market cap chart at the time of writing and there are 117 million tokens in supply. Most of the trade in LSK is made on Binance, closely followed South Korean exchange Upbit, and Bittrex.

More on Lisk can be found here: www.lisk.io

FOMO Moments is a new section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and fundamentals. 

The post Morning Asian trading roundup: the leading altcoin is Lisk appeared first on NewsBTC.

Since Ontology launched in late 2017 it has received a large following. Along with this the Ontology Team has received quite a few questions about the public chain system, for example regarding how it realizes blockchain integration with real-world businesses. We have also had individuals express their wish for the Ontology team to share the design principles, ideas, and direction of the public chain infrastructure.

Public Chain Development

Public Chain Exploration

In early 2009 the Bitcoin network went online and so begun the first generation of blockchain technology, a virtual currency system with its records untamperable and circulation quantity defined by the network consensus protocol. In the years following, Bitcoin’s underlying decentralized technology – blockchain – caught the eyes of financial representatives of The Bank of New York Mellon, Citigroup, and other financial institutions. For them, the impact blockchain has on finance and other industries is as significant as the invention of double-entry bookkeeping. This led institutions one after the other to begin to look into public blockchain.

After 2014, business circles started to comprehend the impact blockchain technology would have outside of the cryptocurrency sphere, for example in the areas of distributed identity verification, distributed governance, and distributed domain name systems. During this period, Ethereum began to emerge as a public chain with smart contracts designed to support the development of dApps across industries.

It became common knowledge that blockchain improves trust and offers exciting business development opportunities. This consensus has been followed up with the adoption of blockchain technology. In the brief history of blockchain, public chains have been the cornerstone of the industry, however, the technical direction of public blockchains has reached a decisive crossroads.

Public Chain Development and its Challenges

On existing public chain platforms, digital applications are largely supported by digital assets and have weak connections to our actual daily lives. However, a new technology/model that wishes to become the infrastructure of mainstream industries must reduce costs and improve efficiency. This is the sustainable development direction the blockchain industry needs.

Public chains should be at the forefront of real-world adoption, however, existing system public chains have encountered several challenges. Two of the key challenges arise at technical and architectural level:

(1) Performance Issues

In the case of blockchain networks such as Ethereum’s one, we all know congestion or concentration of transactions in a few applications can cause strain on the network performance (for example recently with “CryptoKitties”). Although Ethereum’s goal is to reach the world’s computers, a single public chain cannot support large-scale, broad applications and real-world scenarios.

Various technologies are being deployed to enhance the performance of the blockchain. Sidechains, lightning networks, state channels, and so on, have all helped ease the pressure on public chain performance and scalability. However, even with these, individual public chains can still experience performance issues. We therefore need to reconsider the development direction of the public chain architecture.

(2) Physical Business Requirements

In addition to performance, another key challenge is meeting needs in practical scenarios. Different scenarios have their own unique governance models and access, privacy protection, compliance, and regulatory requirements. These needs vary in different systems, industries, policies, and legal models, and cannot be met in a single public chain with a fixed technical architecture and governance model.

These challenges must be fully addressed in the technical architecture and governance model of public blockchains. This is the core objective of Ontology’s public blockchain development.

Exploring a New Generation for Public Blockchain

Starting from 2017, there has been a relatively clear and unified demand for a new generation of public chains in the fintech sector. To support this development strategy and address current public chain challenges, Ontology proposes a new public blockchain architecture which is not composed of a single chain, but instead multiple public service and application chains in a matrix model.

A chain network system can allow for specialized expansion, tasks to be divisively performed, and expansion through different protocol groups (different chains can use a series of protocol groups to support different chain network architectures). These protocol groups are not only for the data exchange system, distributed asset exchange protocol, but also for entity mapping, distributed data exchange, and so on.

Ontology has introduced its own public service chain, however, it can also provide a customizable blockchain framework. These chains are designed to meet specific industry and governance needs but can also be connected to Ontology to obtain basic services, modules, and other support. With this system there is improved independence, connection, and flexibility for business needs, governance models, and further expansion.

The chain network system will be the huge upgrade in performance and scalability the industry needs. At the same time, in the grand scheme of preparing the public chain for use by all entities, there will be a continued effort for greater versatility and industry model support.

In a single business scenario there are many universal logic modules such as requirements for identity management and account systems, data exchange, as well as specific requirements such as those from the financial sector. If entities developed and organized these basic modules and protocols themselves it would be a tremendous waste of time, not to mention the barriers created by isolated systems. Therefore, Ontology provides a series of universal modules and protocols that support a wide range of industry applications, such as distributed authentication frameworks, distributed data exchange protocols, and so on.

With this new generation of public chain platforms, teams across industries can quickly provide distributed or decentralized services without having previous knowledge in the technology, allowing them to focus on their core business operations. This lays a solid foundation for blockchain adoption in mainstream industries and will be the direction and key consideration in the development of the next generation of public chain platforms. Ontology will work hard with its partners to see this through.

III. Ontology: A New Generation of Public Blockchain Infrastructure

In the light of the diversity, complexities, and particularities of real-world businesses, single chains and chain networks cannot support the functionality, scalability, and practicability of all application scenarios. Therefore, Ontology has designed a hyper-converged chain group in the form of a matrix grid. This includes:

Public Service Chains

As mentioned above, Ontology will provide infrastructure for common services, such as entity mapping, data exchange, smart contract services, etc., through one or more chains. This will provide partners with blockchain services and other chains with basic service modules.

Application Chains

Using one or multiple public service chains, different industries, regions, and business scenarios can develop their own application chains in accordance with different admission, compliance, governance, and consensus requirements. Application chains can join Ontology’s chain network in accordance with their needs as specified below.

Through basic services: Application chains can have access to core services via Ontology’s public service chain, such as entity verification, data exchange, etc., and also collaborate.

Through collaboration with applications chains: Application chains can collaborate with other application chains from both inside and outside their industries. Ontology can design small-scale public chains/alliance service chains to facilitate professional collaboration support for smart contracts and business logic services.

High-Performance Blockchain Framework

Ontology blockchain is a high-performance blockchain infrastructure that is modularized and designed with a customizable structure. While providing high-performance public chain infrastructure, Ontology supports customized development of all application chains in the chain network.

Protocol Groups

Ontology provides and develops interactive protocols based on different business scenarios, industry features, and compliance and governance requirements. The purpose of Ontology’s protocol groups is to combine and adopt as many existing protocols and standards as possible (even under same scenarios) to allow for better compatibility and scalability. In the light of this, Ontology has designed a series of protocol groups, which are introduced below.

(1) Ontology Identification Protocol

Ontology uses “ONT ID” for labelling and managing digital identities of all entities. One entity can hold multiple identities (while each of the identities are not connected to each other). The first version of ONT ID fully realizes the W3C DID protocol and will support further protocols according to the ecosystem’s requirements.

(2) User Authorization Protocol

In Ontology users hold complete control over their own data. All data access and exchange requests involving the data owner require their authorization. For this Ontology has designed a series of user authorization protocols to protect user data privacy. Through verifiable claim technology protocols can complete asynchronous and verifiable authorization whilst offering authorization trusteeship and fine-grained access control.

(3) Distributed Data Exchange Protocol

Ontology designed a series of standards for data exchange between entities – the DDEP (Distributed Data Exchange Protocol). The decentralized system acts as a guarantor/escrow during the exchange process to assure payment is only made when delivery is complete.

(4) Cross-Chain Asset Exchange/Business Collaboration Protocol

Ontology provides protocol support for cross-chain scenarios. Users can select different cross-chain protocols according to different business collaboration requirements.

(5) More Specific Business Protocols

As new collaborations within Ontology’s chain network or with traditional IT systems emerge, Ontology will develop new protocols to accommodate these industries.

With the support of protocol groups, Ontology’s public service and application chains will co-construct a hyper-converged chain group in the form of a matrix grid. This allows for customizable collaborative chains, which builds new business model and collaboration opportunities.

Ontology’s Public Chain Infrastructure Business Support

The Ontology Team values its application ecosystem development. To better serve as the underlying infrastructure and connector for all applications, Ontology designed its public service chain, which includes but is not limited to:

Common Services

Real-world businesses have a high demand for common services such as multi-source identification verification, distributed data exchange, and so on. In the light of this, Ontology’s public service chain has designed a series of fundamental modules.

The Example of Data Exchange. The data exchange module designed four common modules:

(1) Identity management module: Identification management for all participants in the data exchange.

(2) Data resource management module: Binding access control of data resources and data ownership.

(3) Smart contract trading module:

Smart contract lock-position management: After confirming an account balance through a smart contract, the account of the data requester will be locked until the trade is complete or cancelled.

Smart contract trade completion management: The data requester confirms the trade completion with the trade contract and the funds are transferred to the account of the data provider as specified by the contract.

(4) Peer-to-peer contact module: Peer-to-peer data exchange avoids data monopolization on an exchange.

The data exchange module can be applied to various industries including finance, copyright, law, etc., while providing support for all types of applications.

Customized Design

To meet the needs and requirements of different industries and applications, the public service chain can be customized with different protocols and modules. Ontology’s public service chain includes but is not limited to:

(1) Loose Coupling Design

Ontology’s public service chain structure is modularized, pluggable, and has a loose coupling design to address the needs of different industries and provide flexible support for all applications. Meanwhile, the system and modules can develop and scale together with the constant technology and business functionality development.

(2) “Single Module, Single Function” Design

Ontology’s public service chain coordinates with various modules including the cryptography security module, user authorization module, and so on, to provide flexible support for different scenarios.

(3) Horizontal Scalability

Ontology’s chain network functionality development and ecosystem expansion is not performed by one blockchain, but by collaborating with several public service and application chains to assure the high performance of the entire chain network.

–

Taking into consideration the challenges existing blockchains systems, Ontology has designed the new generation of public blockchain infrastructure. However, the establishment of the ecosystem is a huge and arduous task. Therefore, Ontology hopes all kinds of technology partners, application partners, contributors, and volunteers will actively join in and contribute what they can to the public platform. At the same time, Ontology hopes with the joint efforts of its ecosystem partners that trust through distributed systems will be made accessible to all.

You can read more about Ontology at https://ont.io/.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

”   We combine the security and agility that new technologies provide with the peace of a conservative income generating investment on real estate. Practically is the same business that our grandparents have trusted for decades, just under a modern platform securely linked to a cryptocurrency.
”   Our crowdfunding plan is to raise 65 MDD of equity to acquire properties valued up to 150 MDD which will expandable on the first anniversary of the investment

Brickspool (BRICK) is a token, or virtual currency, backed by real assets on the Ethereum platform, which would allow investing on real estate in the United States in a safe and reliable manner, backed by securities issued by the Vienna stock market.

Bricks Asset Management LLC, the real estate investment fund adviser dedicated to foreign promotion under the Core strategy, has been working for two years on this project. The idea is to break with the systemic component traditionally applied to real estate industry and include the blockchain in transactions.

The investment through Brickspool is built on crowdfunding and capitalized by the Ether cryptocurrency. This is linked and sustained by the income from the commercial real estate acquired by the funds raised. The blockchain is the bond of trust and backed by a series of locks and financial mechanisms that will provide peace of mind to the investors.

“This cryptocurrency will be a haven as an investment formula in an asset linked to real estate, now there is a diminished risk option backed by real assets that generates value and liquidity,” said Alberto Azpúrua Lara, Bricks Asset Management CEO.

The investor buys the token through his wallet in Ether equivalent to a fund title, the money the will be received by IA Capital, who will deposit it in the Sanne Trust. This operation is guaranteed by an escrow account, supervised by the government of the state of Florida, where the responsible attorney will be the only one authorized to arrange it for the purchase of real estate and operating expenses.

The investment vehicle or Flex Fund is under Irish law and listed on the Vienna Stock Exchange. Flex Fund is contracted to calculate annually at its net asset value. The next step would be to generate a secondary market for investors with the registration of the token in the Altcoins exchanges or Ether Delta cryptocurrencies just in February of this year.

Due to its optimal annual economic growth above 2.7%, healthy public finances, constant growth in employment and the available commercial square footage, we plan to do our first investment on the state of Florida. Bricks Asset Management certifies each property with physical verification and taking care of optimal relation with tenants, maintenance, insurance, taxes and services.

Diego González Romano GFO at Bricks Asset Management stated that “all transactions and the value of the properties will be carried out through transparent, organized and secure management; based on quarterly reports and annual portfolio valuations, with the ability to manage and act on the best interests for investors by offering agile decisions in the acquisition process, as well as the daily asset management process.”

We estimate to finalize the acquisitions for the portfolio on the first two years of the term of the fund, with a leverage of 65% of the cost of the acquisition, projecting to collect $50,000,000 of equity to acquire properties up to a $150,000,000 of value which could be expandable on the first anniversary of the investment.

As for security locks, Bricks Asset Management LLC has a contract with three internationally recognized firms; the Flex Fund ETP responsible for issuing the fund or vehicle where the resources will be channeled adequately and transparently on the Vienna Stock Exchange. Kaufman, Rossin & Co one of the most important tax firms in South Florida who will establish the appropriate fiscal strategy for the investment, while Valis Capital Partners, SGPS will be responsible for the repurchase of tokens. These repurchases come from the product of the free cash flow of the projects, this generates a strategy that maintains and increases the value of the tokens.
Bricks Asset Management LLC has a team of professionals with experience and knowledge in real estate investment management in the United States and Mexico, with physical offices in Miami and Mexico City which allows a key interaction with the main members of the industry ecosystem as investment analysts dedicated 100% to the administration of the fund.

Name: Brickspool
Symbol: BRICK
1ETH = 1000.00 BRICK
Issue: 50,000.000 Tokens
www.brickspool.io

https://etherscan.io/token/0x92e578ecb8a93f26a6f650341aa500629d04777b

Bricks Asset Management LLC was established in September 2015, and has gain a proven track record in identifying, evaluating and managing commercial real estate acquisition investments advising commercial real estate investment funds considered as the lowest risk by focusing on acquiring real estate already rented where its acquisition cost is paid from the income stream, with the lowest volatility.

CEO Alberto Azpúrua Lara has a background in the financial and real estate industry since 1991 and has been involved in multiple debt, capital and quasi-capital transactions. He was CEO of Cactus Verde, which specialized in commercial real estate, as well as distributing the Argus Software in Mexico. He has also been an instructor of real estate financial analysis and asset management in multiple private equity companies and independent business analyst for various companies in Mexico and the United States.
He has a bachelor degree on Advertising from IUNP University in Venezuela, he also completed a program of High Management AD-2 of the IPADE in Mexico, and a Real Estate Executive Seminar at Harvard Business School. He will seek financing for capital and debt transactions as well as its analysis.
CFO Diego González Romano General Director in Grupo 7 Urbana is an specialist in the development of real estate projects in the residential sector, all with an impeccable commercial and financial execution and he is the creator of the Bricks concept in 2013, executing it as a spinoff of his company in 2015.
He has bachelor degree in Architect by the Universidad Iberoamericana with a master in Real Estate Development at ITAM, he has a certificate on Finance and Commercial Real Estate Development from the Massachusetts Institute of Technology .
He is responsible of the financial side of all the deals once they are acquired, managing the administration, accounting and taxes on the properties.

Any information [email protected]

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

About the project

The Moonlite Project plans to mine cryptocurrencies on an industrial scale, such as Bitcoin, Bitcoin Cash, Dash and Litecoin. Moonlite intends to become one of the largest cryptocurrency mining organizations in the world, all while using exclusively low cost, sustainable and green energy.

Moonlite will make use of emergent technologies, Artificial Intelligence and custom algorithms to improve on operational efficiency and profits, while limiting unplanned down-time.

Mission objective and roadmap

Moonlite aims to increase the value to their token holders, by implementing the latest and most advanced parts of blockchain technology, and by delivering an operation which will be run by the most experienced team.

Once the ICO ends, Moonlite will begin construction of their first Data Centre, starting on the 2nd of April 2018.  The next objective on Moonlite’s agenda is to have mining equipment delivered, installed, configured by 1st of July 2018.

The organization plans to have the data centre’s official opening, and to start its mining operations on the 1st of August 2018.

ICO details

The official date for the ICO is on 28 February at 12:00 GMT and it will last until March 15th.

Moonlite will allocate 35% of its annual net profits to its buyback campaign. This is where the organization purchases back its MNL tokens from token-holders at the trading price and additionally each tokens profit share.

All repurchased tokens will be ‘burned’, therefore reducing the supply and increasing each token holder’s share of the total supply of MNL tokens. This also allows the net value of the token to increase over time.

Token holders also have a vote in all corporate actions, profit distribution, expansion, directors, executives and the like, using the secure.vote system.

Coin holders will receive their buyback proceeds in BTC or ETH.

The capital that will result from the ICO will be allocated towards funding setup costs, cash reserves, the advisory team and operational reserves.

You can buy the MoonLite token with Bitcoin, Ethereum, Bitcoin Cash, Dash, Litecoin, Ripple, and you can also contribute using bank cards such as Visa or MasterCard.

The Token Swap Price will be 1 ETH = 1000 MNL only in the Presale Phase.

Bonuses

There are bonuses for those that contribute in the pre-sale phase or during the first hours of the ICO. The bonuses are as follows:

Pre Sale Phase 1: the buyer will get a 100-300% token bonus – ending 31 January 2018

Pre Sale Phase 2:  buyer will get a 50% – ending 28 February 2018

Main ICO: buyer will get a 50% Sign up bonus in the first 12 hours, thereafter 0% – Ending 15 March 2018

Conclusion

The Moonlite Project is a crypto mining project that is determined to become one of the largest, most efficient, and green mining organizations. The sale of MoonLite Tokens in their ICO will help them implement their “smart-mining” solutions.

For more details, you can check their Facebook, Twitter or Telegram group

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

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