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Chinese telecoms and electronics giant Huawei has been secretly working on a project designed to gauge the abilities of various blockchains.
Chinese telecoms and electronics giant Huawei has been secretly working on a project designed to gauge the abilities of various blockchains.
As the global blockchain ecosystem continues to foster digital innovation at an unprecedented rate, many market experts have raised valid concerns pertaining to the maintenance of new alt-currencies as well as their overall accountability. WhiteCoin is a cryptocurrency designed to help bridge the gap between anonymity and persistent identity that currently exists within e-commerce. This currency makes use of a trustless exchange model that allows network participants to seamlessly exchange goods or services without having to digitally identify one another. Additionally, Whitecoin makes use of a peer review protocol along with a loose consensus model that helps foster crowd-sourcing and
As the global blockchain ecosystem continues to foster digital innovation at an unprecedented rate, many market experts have raised valid concerns pertaining to the maintenance of new alt-currencies as well as their overall accountability.
WhiteCoin is a cryptocurrency designed to help bridge the gap between anonymity and persistent identity that currently exists within e-commerce. This currency makes use of a trustless exchange model that allows network participants to seamlessly exchange goods or services without having to digitally identify one another.
Additionally, Whitecoin makes use of a peer review protocol along with a loose consensus model that helps foster crowd-sourcing and leadership initiatives. Not only that, the platform also follows a root mandate that helps it remain self-sufficient and automated.
Another underrated aspect of this project is that it serves as a medium for assisting the community behind this venture to create new initiatives. This is done primarily by leveraging network power that allows participants to recruit more talent, thereby allowing developers to deliver a service that goes beyond the simple operations of a crypto coin.
Whitecoin employs the latest Proof of Stake 3.0 consensus protocol that allows users to keep their e-wallets safe and secure from third party miscreants. POS 3.0 also allows network participants to earn a side revenue stream by staking their holdings. Users will be eligible to receive anywhere from 0.5% to 6% interest per year depending on the weight of the network.
Key features offered by the Whitecoin platform
From a security standpoint, we can see that Whitecoin provides its users with a high degree of anonymity. This is illustrated by the fact that this platform allows anyone to run a wallet and execute transactions while enjoying the same level of privacy that Bitcoin and other premier blockchains are offering. In addition to this, no personal information is required to create and use Whitecoin addresses to send and receive funds.
In terms of its functionality, the Whitecoin network is extremely quick and can help facilitate payments between users within a matter of seconds. Transactions can be carried out remotely, and since the platform is open source based, third-party organizations can audit the system so as to ensure a high level of transparency.
Other important aspects of Whitecoin include:
Since this platform relies heavily on community participation, its mandate requires the implementation of a detailed organizational construct. The WhiteCoin General Assembly will hold regular meetings in which operators can propose new projects and ideas, present progress reports, and issue reviews and critiques.
The WhiteCoin ecosystem’s governance operations will be done in subcommittees which will allow the ecosystem to grow in an organic and sustainable manner. Some of the core groups that will dictate and organize the flow of work within the network include:
Currency and blockchain specifications
For rulings related to money, a special consensus team will be used to assess detailed financial reports so as to streamline the entire work process. Special expenses are handled as needed and approved by the core team as and when required.
Owing to its highly detailed framework, Whitecoin is adaptable within democratic as well as merit-based processes.
The native Whitecoin token (XWC) has been on the crypto market since 2014. While the performance of this currency remained relatively stable for the first couple of years, its value started to increase quite dramatically in 2017 — around the time Bitcoin started to grab everyone’s attention.
XWC token lifetime performance history (courtesy of Coinmarketcap)
The price of XWC began at a modest US$0.0027. However, its value increased significantly during July 2017, when the price of a single token scaled up to an impressive US$0.24, an increase of almost 10,000%.
The price has since stabilized quite a bit, and the value of XWC currently stands at US$0.10 (as of March 14).
Whitecoin is offering an established decentralized global blockchain that has a particular focus on elements such as:
These features, coupled with the platform’s dedicated community of supporters, make Whitecoin a highly interesting investment prospect.
If past market performance is anything to go by, the platform’s stable and compelling technology makes this currency one of the more appealing crypto ventures of 2018.
If you would like to start investing in Whitecoin, XWC trading pairs are currently being offered on Lbank, EXX and Bittrex.
Crypto exchange and wallet Coinbase has been granted an e-money license from UK regulator that applies only to its fiat activities #NEWS
Crypto exchange and wallet Coinbase has been granted an e-money license from UK regulator that applies only to its fiat activities #NEWS
With the average marketing company spending between $4,000 and $7,000 per month on social media marketing, competition is intense among marketing consultancies to provide the best eMarketing and technology solutions. The Friendz app may have outdone them all by unleashing individual creativity to promote businesses on social media networks. Over 200,000 users now endorse commercial … Continue reading Making Marketing More Efficient with Friendz App
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With the average marketing company spending between $4,000 and $7,000 per month on social media marketing, competition is intense among marketing consultancies to provide the best eMarketing and technology solutions. The Friendz app may have outdone them all by unleashing individual creativity to promote businesses on social media networks. Over 200,000 users now endorse commercial products by sharing them with their social network friends over the Friendz app.
Going Public With Friendz
Friendz is putting more marketing muscle behind its word-of-mouth advertising by moving it to the blockchain and rewarding peer advertisers with its own cryptocurrency, the Friendz Coin (symbol FDZ). The products of over 200 multinational brands are promoted through this digital advertising tool, but Friendz believes the network could be much bigger if issues of trust in the online advertising community are addressed. Only seven percent of internet users have a positive view of online ads, and more than 50 percent use an ad blocker, according to a Choozle survey. Meanwhile, bots are increasingly creating fraudulent traffic, further straining the trust of users.
Receiving ads endorsed by friends is helping rebuild trust in the digital advertising network. Friendz is creating more trust by launching its own cryptocurrency. Using the Friendz Coin, big companies can now pay Friendz promoters (called ‘goldfish’) to use their creativity to promote their products through personal social networks.
On March 1st, the Friendz team opened its ICO to the public. ICO, which stands for Initial Coin Offering, is the first step for crowdfunding in the cryptocurrency world. Nowadays, it is the most common, and fastest method used by digital startups to obtain funds for developing their businesses. In less than 48 hours, Friendz received more than 13,000 contributions worth $20 mln, which corresponds to 350 mln Friendz Coins.*
Friendz has created a system to guarantee priority to smaller contributions and maximizes the number of participants, setting themselves apart from other ICOs. This was done because one of Friendz’s main goals is to make the advertising process democratic. Therefore, Friendz decided to defend its army of little goldfish, giving them priority to access the token sale on the ICO day.
Placing More Trust in Friendz
Certainly, Friendz’ international appeal played a key role. Even though the company has only been in existence for two years, it already has a large community of users from Italy and Spain and counts several multinational companies among its clients.
Friendz’ business model values common people — especially those who are fond of photography and social networks- and lets them earn virtual coins by taking part in advertising campaigns on their personal social media profiles. Friendz applied its marketing strategy philosophy to the launch of its cryptocurrency by prioritizing the thousands of people who believed in the project that could only buy normal amounts of FDZ.
The ICO will continue until March 21st. Once over, FDZ will be implemented in the Friendz app as well. The app is free and available in both the App Store and Google Play.
Users will be able to use FDZ to unlock special features and premium services, while companies will use Friendz Coin to buy advertising campaigns. The entire revenue of the ICO will be used to grow and expand the business on a global scale. The goal is to make the Friendz Coin the tool with which brands all over the world can reach their target audience on trusted social media networks and engage international communities through on-demand marketing actions.
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With the collapse of Lehman Brothers and other global traditional investment banks and with the outburst of the global financial crisis of 2008, the trust in the system got a major hit. Authorities were interrogated and it seemed evident that a third party with centralised operations is not a right option to place your investment … Continue reading Optimizing Investment Banking Costs, Banca Is Shaping Crypto Asset Management
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With the collapse of Lehman Brothers and other global traditional investment banks and with the outburst of the global financial crisis of 2008, the trust in the system got a major hit. Authorities were interrogated and it seemed evident that a third party with centralised operations is not a right option to place your investment funds. This led to the development of blockchains and cryptocurrencies to make a system which is free from centralised control and manipulation.
Banca, an investment bank of cryptocurrencies is one of its kind platform which has beautifully combined blockchains with artificial intelligence and big data processing, leading to a quintessential amalgamation of benefits of the traditional system with latest technology. It will cover almost all businesses of traditional investment banks, including four aspects: primary market, secondary market, OTC digital financial services and basic services. It is infused with intelligent search which allows users to quickly find accurate information and services.
The analysis of big data provides ratings for each member’s business level, professional skills, and reliability. Business terms are automatically determined using smart or intelligent agreements. Every bit of business data is recorded and open, transparent & tamper resistant reports are generated automatically. Also, business processes are continuously optimized via AI. All the project performance data is continuously tracked and entered into the database by Banca. As the first platform servicing investment bank businesses by using big data & artificial intelligence, Banca is at the forefront of the industry.
Coin AI is the digital currency central to this investment banking platform. It can be used by clients to conduct an in-depth analysis of digital tokens and compare the investment value and risk of different currencies and to obtain the prediction for the future trend of tokens based on artificial intelligence and big data smart beta market timing models. An optimum portfolio can be easily built as per the risk assessment done by the users on their own. The returns are far higher than that of Bitcoin, while the risk is far below than that of Bitcoin; based on the dynamic management of the optimized portfolio on token fund and outstanding old back-testing performance.
Banca’s AI system predicts accurate future movements of tokens by mining hidden information from historical transaction data and from deep behavioral records. From a user’s point of view, a smart contract can be regarded as an automatic guarantee account. A traditional contract means that two or more parties agree to do something in exchange for something or not, each party must trust each other to fulfill their obligations. But smart contracts does not require fulfillment of such conditions because the smart contract is not only defined by the code but also by the code, mandatory to be completely automatic and uninterrupted. Smart contract system contains trigger conditions in order to decide whether to implement a transaction on the basis of event description information. When the trigger condition is satisfied, the smart contract automatically sends the trigger to proceed with the transaction. Due to decentralised systems and processing by intelligence, the transaction fee or the information fee is really low for users.
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Etherecash: A Decentralized Way to Finance the Average Person Decentralized P2P finance and lending are the future of the Banking industry as Blockchain Technology is disrupting it. Previously, without the decentralization, P2P lending was virtually impossible due to the fiat banking system’s centralized loan programmes and the lack of a true P2P financial ecosystem. But, with the rise of a new Blockchain-based lending systems in which everything is under the individual’s control, a new era of investment and lending is likely to begin. Disclosure: This is a Sponsored Article Estonian crypto financial ecosystem called Etherecash has been making considerable waves
Decentralized P2P finance and lending are the future of the Banking industry as Blockchain Technology is disrupting it. Previously, without the decentralization, P2P lending was virtually impossible due to the fiat banking system’s centralized loan programmes and the lack of a true P2P financial ecosystem. But, with the rise of a new Blockchain-based lending systems in which everything is under the individual’s control, a new era of investment and lending is likely to begin.
Disclosure: This is a Sponsored Article
Estonian crypto financial ecosystem called Etherecash has been making considerable waves in the cryptosphere with its successful crowdfunding campaign in Q4 2017 that saw it raise over $40 million in exchange for new Ethereum-based tokens that it launched. Now the financial platform is looking towards a successful 2018 with token distribution and recognition. For this purpose, the Etherecash team has registered itself on Qryptos, one of the most popular cryptocurrency exchanges right now.
Etherecash is a cryptocurrency-based financial ecosystem that is using three-pronged approach to capture the P2P lending market which is actually bigger than the banking industry itself. The three pronged approach include enabling P2P money lending, faster global transfers and the all-important crypto debit card that allows users to get loans in fiat currency by leveraging the cryptocurrency portfolios. With this revolutionary measure, there is no need to set other material guarantees in a lending transaction as the leveraged cryptocurrencies are withheld by the system and released to the lender if the borrower fails to pay back on time. It is that simple.
Etherecash uses a smart lawyer-backed system that allows full transparency and security for its users. It aims to disrupt the financial industry that continues to be in disarray because of overconsolidation and monopolization by a few big banks. The Etherecash platform is extremely adaptable and scalable. It will allow cryptocurrency holders to borrow up to 80% of their total crypto portfolio in fiat so that the precious bitcoins may not be lost when one is in need.
QRYPTOS is a cryptocurrency exchange launched in June 2017 and is the subsidiary of one of the leading fintech companies in the world QUOINE which has offices around the world in Japan, Singapore and Vietnam. It is the very first trading company that was granted a crypto license from Japan Financial Services Agency. With a strong backing in Japan, QRYPTOS is the ideal platform for a new cryptocurrency like Etherecash.
Visit the Etherecash Official website – http://etherecash.io
Bloomberg |
Bitcoin’s Anarchy Is a Feature, Not a Bug
Bloomberg The fact that Bitcoin was designed to confound human decision-making is a feature, not a flaw. The core protocol is tasked with enforcing the single rule most crucial to the cryptocurrency’s value: no counterfeit spending. By contrast, the U.S. dollar … |
Bloomberg | Bitcoin's Anarchy Is a Feature, Not a Bug Bloomberg The fact that Bitcoin was designed to confound human decision-making is a feature, not a flaw. The core protocol is tasked with enforcing the single rule most crucial to the cryptocurrency's value: no counterfeit spending. By contrast, the U.S. dollar ... |
The Thai Cabinet has provisionally passed two royal decree drafts aimed at regulating cryptocurrencies, a report states.
The Thai Cabinet has provisionally passed two royal decree drafts aimed at regulating cryptocurrencies, a report states.
Over the past few months, the Chicago Board of Exchange (Cboe) and the Chicago Mercantile Exchange (CME Group) have been selling bitcoin-based futures products. Predictions have been dull as most forecasts are around the $9-9.4K USD range for bitcoin derivatives using both firms’ futures data. On the other hand, crypto-derivatives trade volumes have been increasing. Also […]
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Over the past few months, the Chicago Board of Exchange (Cboe) and the Chicago Mercantile Exchange (CME Group) have been selling bitcoin-based futures products. Predictions have been dull as most forecasts are around the $9-9.4K USD range for bitcoin derivatives using both firms’ futures data. On the other hand, crypto-derivatives trade volumes have been increasing.
Also Read: Nasdaq-Listed Marathon Begins Bitcoin Mining Operations, Stock Up 32%
Bitcoin futures markets have seen some monotonous forecasts because they really haven’t been much different than spot markets. This week marks the March expiry date for Cboe’s bitcoin derivatives on Wednesday, and products are trading between $9,490 – 8,820. CME’s contracts will expire this month as well and forecasts there are also around $9,000 – 8,800.
Cboe contracts are seeing the most volume for March and the following three months later. CME Group’s numbers have been relatively consistent at 1,000 per day, but the month of May has zero volume at the time of publication. The sentiment across both derivatives markets show that currently, all the past hype about bitcoin futures markets affecting spot markets turned out to be incredibly lackluster.
However, Cboe’s contracts have seen significant volume especially this month as the March expiry will close above 10,978 for the daily volume. April has 1 has a 24-hour volume of 517, May – 90, and June – 88. The projections for Cboe’s futures in June show an increase of 330 percent and a price at $9,250 per XBT. CME Group’s products are not as popular but still have been consistent 1,000+ per day. Right now the firm’s March expiry is 3,288, April is 78, May – 0, and June shows only 10. The last month’s expiry for CME Group’s bitcoin futures shows an increase of 410 percent and a price around $9,370.
Skeptics believe futures traders and traditional exchanges cannot grasp the wild fluctuations that take place in a market that never stops. Even though bitcoin futures products haven’t produced the fervent action many speculators thought, Terry Duffy, the chief executive of CME is not worried. Speaking in a recent earnings call, Duffy said the bitcoin derivatives market maturation would be lead-footed.
“It’s [Bitcoin futures markets] going to be a slow grower, which is fine,” Duffy explains.
Further CME Group’s margin investors must pay 40 percent on contracts (Cboe 44% of the BTC/USD price). This means most margins are single digits, and some people have suggested reducing the margin. This kind of development could introduce risk, and according to Duffy that type of strategic move is “the last thing” he would want to do right now.
What do you think about the past few months of bitcoin futures markets? Let us know what you think about this subject in the comments below.
Images via Shutterstock, Pixabay, CME, and Cboe charts.
Do you like to research and read about Bitcoin technology? Check out Bitcoin.com’s Wiki page for an in-depth look at Bitcoin’s innovative technology and interesting history.
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The updated version of the world’s first self-mining smart contract Minereum was launched in 2017, named Artemine, which revolutionized the public mining with smart contract mining technology having added features and advantages for the users. Artemine has led a major technical breakthrough by launching public mining where anyone can mine coins manually without any mining … Continue reading Artemine Releases the Long Awaited ICO Factory
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The updated version of the world’s first self-mining smart contract Minereum was launched in 2017, named Artemine, which revolutionized the public mining with smart contract mining technology having added features and advantages for the users. Artemine has led a major technical breakthrough by launching public mining where anyone can mine coins manually without any mining equipment. And now, as a part of the Artemine roadmap, the much-awaited ICO Factory has been released, which is an update to an already existing Minereum Token Creation Service where anyone can create fully functional Ethereum tokens in exchange for a minimal MNE fee.
About Artemine
Artemine has set up a new market in which users autonomously sell their genesis addresses with no need of a third trusted party. More than just the freedom offered by a streamlined ICO factory, the concept of Genesis addresses is introduced through the self-mining paradigm. Artemine’s plan is to create an untouched marketplace by offering consumers the chance to freely sell their genesis addresses on the open market without a third party intermediary. Sales occur through smart contracts in a peer-to-peer environment.
ICO Factory by Artemine
The version 2.0 of the first self-mining contract Minereum was launched titled “Artemine” with an aim to push the smart contract mining technology ahead with added benefits for the users and community as a whole.
The recently launched ICO Factory, coupled with the platform, enables the creation of tokens. The ICO Factory lets users create their own ERC20 Ethereum tokens and ICO Smart contracts that simplify the entire process of setting up an ICO. These features in the Artemine ecosystem are available for a symbolic amount of ARTE, the Artemine token. The current price is just 50 ATRE i.e. about $40.
The ICO Factory, integrated with the platform, makes the token creation seamless and quick, leading to an ideal setting for the users to create their own ICO smart contract. These features and services are at users’ disposal in exchange for the amount of ARTE. The exchange can be done at Livecoin.net under the symbol ARTE/ETH and ARTE/BTC and Etherdelta.com under the symbol ARTE-ETH.
Tokens Created by ICO Factory
In view of the rising popularity of the recently launched ICO Factory, users and experts have been studying its features and conducting research to practically use the functions. For instance, a research has been done by the Twitter user cryptedrice, where he has listed the tokens created through Minereum Token Creation Service. Around 1000 tokens have already been created by the platform, which anyone can view here, presented in the list form.
The Bottom line
ICO Factory is now live and you can create your Token & ICO Smart Contract. To know more about the ICO Factory and its features, please visit https://www.artemine.org/icofactory/ and keep checking Artemine Twitter Account for the latest updates and happenings.
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Fortune |
Bitcoin Falls on Bad News From Google and the IMF
Fortune On Wednesday morning, the price of one Bitcoin slipped back below the $9,000 mark for the first time this week, following several pieces of potentially worrying news for the cryptocurrency community. First came a blog post from Christine Lagarde, in … ‘Fight fire with fire’: IMF’s Lagarde calls for bitcoin crackdownThe Guardian |
Fortune | Bitcoin Falls on Bad News From Google and the IMF Fortune On Wednesday morning, the price of one Bitcoin slipped back below the $9,000 mark for the first time this week, following several pieces of potentially worrying news for the cryptocurrency community. First came a blog post from Christine Lagarde, in ... 'Fight fire with fire': IMF's Lagarde calls for bitcoin crackdown |
Japanese cryptocurrency exchange Coincheck Inc. started making refunds in yen from March 12 (JST) to users who had NEM deposits when the exchange was hacked and lost a significant amount of the NEM cryptocurrency. Refunds started on March 12. Refund amounts are calculated as \88.549 ($0.83) multiplied by the amount of NEM held as of … Continue reading Coincheck Starts Refunding Customers’ NEM
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Japanese cryptocurrency exchange Coincheck Inc. started making refunds in yen from March 12 (JST) to users who had NEM deposits when the exchange was hacked and lost a significant amount of the NEM cryptocurrency.
Refunds started on March 12.
Refund amounts are calculated as \88.549 ($0.83) multiplied by the amount of NEM held as of 11:59:59 p.m. on January 26, 2018 (JST).
Customers who held NEM as of the same time were eligible for refunds.
Refunds are made in yen from a Coincheck account.
Coincheck had halted cryptocurrency transactions, but resumed withdrawals and sales for certain cryptocurrencies from March 12.
The transactions resumed from March 12.
The resumed transactions included withdrawals and sales but not deposits or purchases.
Withdrawal services resumed for Ethereum (ETH), Ethereum Classic (ETC), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH) and Bitcoin (BTC).
Sales of the same cryptocurrencies also resumed, with the exception of BTC, for which sales services had not been halted.
NEM’s price has risen since March 8, when Coincheck representatives told a media conference that it would refund customers. As of 7 p.m. on March 12, the price has risen by 11.51% on the back of Coincheck’s announcement.
At the media conference announcing its planned resumption of operations and refunds, Coincheck explained the cause of the NEM hack and showed its efforts toward a full resumption of services and improvements needed to register with the Financial Services Agency. Coincheck told the conference it hoped to support withdrawals of some cryptocurrencies other than NEM if it could confirm the safety of doing so. Before being hacked, Coincheck handled cryptocurrencies such as Z Cash, Dash and Lisk, but has not resumed trading in these. Coincheck is apparently in discussion with the National Tax Agency about tax issues arising from making refunds in yen. It will not cover losses due to the decreased prices of cryptocurrencies other than NEM.
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Playboy TV is launching a new payment option that will allow customers to access its exclusive content using cryptocurrencies.
Playboy TV is launching a new payment option that will allow customers to access its exclusive content using cryptocurrencies.
Essentially, Zeroedge is the world’s first online casino that offers two unique advantages to the general online gambling public. Firstly, Zeroedge runs exclusively on cryptocurrency (like Bitcoin for example) although, in this case, that cryptocurrency is Zeroedge Casino’s own unique cryptocurrency called ZeroCoin. The second advantage, and by far the most significant, is the fact … Continue reading Interview with Zerocoin’s CEO – Adrian Casey. How Zeroedge.bet Will Impact the Gambling Industry?
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Essentially, Zeroedge is the world’s first online casino that offers two unique advantages to the general online gambling public. Firstly, Zeroedge runs exclusively on cryptocurrency (like Bitcoin for example) although, in this case, that cryptocurrency is Zeroedge Casino’s own unique cryptocurrency called ZeroCoin.
The second advantage, and by far the most significant, is the fact that Zeroedge, much like its name suggests, will be offering a true 0% house edge to its players. This essentially means that, unlike conventional online casinos, where they can enjoy a house edge (an advantage the house has over the player) of as much as 10% in certain casino games, and 1% or higher in others.
The old saying that the house always wins really does apply to conventional online casinos, as they have stacked the odds in their favor, meaning that you will never ever really win your games (not for long anyway). Since Zeroedge does not make any profit from the losses incurred by players, but rather through the increased value of ZeroCoin which is the main economy driver on the Zeroedge Casino’s network.
Interview with Adrian Casey – Zerocoin’s CEO.:
Q: When was your business founded?
A: The Idea came up in the summer of 2017.
Q: How many founders, employees & part-time workers?
A: I and my partner were the initial founders, but he went on to work on another venture. So I was pretty much left with just an idea. We currently have a team of 10-15 employees including people working on a full-time & part-time basis
Q: Thanks for offering the interview! First question – When did you first get into Bitcoin and why?
A: After Mt. Gox in 2013, was when I got into Bitcoin and started my research around it. This was also the time when most investors/people started to pay more attention to cryptocurrencies. I guess you could say I was caught by the wave. Although, I wasn’t that much interested in the Bitcoin itself, my main interest was understanding how and why it works. So naturally I first opened up Mr.Nakamoto’s whitepaper to start from the roots and work my way up. I was both overwhelmed and captivated by the concept and ideas outlined in that document. It allowed me to reflect on how inefficient and fragile our financial system was, especially looking at events during and after economic crisis in 2008.
Q: Where did the inspiration for your ICO come from?:
A: The inspiration came from my own personal experience with online casinos. Playing at an online casino can’t be any more boring. The social isolation while playing those games is at a high-level and I dare to say, this is one of the main problems that lead to problem gambling. And to think that you must “pay” to have such an experience was something I couldn’t get my head around. I thought there is definitely something wrong here and it can’t last with all the technological and social progress we make as a society.
Therefore, our mission at ZeroEdge is to make online gambling fun and most importantly “free of charge”. We want to create a platform where people can interact with each other and socialize to eliminate some of the problems present in the traditional form of online gambling.
How will your business make money in the future?:
We will be generating income from our games since not all players will be able to perfect game strategy, but the main source of revenue will come from parties wanting to build and operate their own games. For example, social influencers who wish to create some form of competition and reward their audience. We expect that games will become a big part of customer acquisition and retention strategies to keep businesses competitive and innovative.
Q: What is the idea behind your ICO?:
A: The main idea behind ZeroEdge.bet is to make gambling “fair & free of charge”. By eliminating the house edge from our games, we are essentially giving players an equal chance of winning. We think gambling shouldn’t be a “pay-to-play” service as it is now, where the casinos have a locked-in profit mechanism in place without their players ever realizing this fact. With the help of smart contracts, we are creating a new approach to gambling where players can actually win, have more opportunities and are not pressured to play.
Q: Can you walk us through the critical components of your business and how it will work?:
A: The most important component will be the ease of purchasing Zerocoin which is required to play 0% house edge games at Zeroedge.bet. Zerocoin will be purchasable on-site and in secondary markets such as exchanges. The key for us will be to ensure sufficient supply of tokens in circulation, i.e. liquidity. The token supply will be controlled by releasing a small batch of tokens from our reserves to meet growing demand for the token and fixing token’s price.
Another component is making our games look good to the eye. Obviously, we want to make our games as engaging as possible so that players are not bored after a few spins/hands. For this task, we use big data to identify patterns of visual preferences and player’s game choice based on certain characteristics. We have a dedicated team of UX/UI designers who have previously built and designed enticing games.
Q: What was the greatest challenge you have faced so far?:
A: The greatest challenge so far was and still is convincing people that gambling doesn’t need to be negative. With ZeroEdge.Bet we want to use gambling as a means for people to socialize and build social circles which could possibly lead to an increased social inclusion and decreased problem gambling.
Q: Where do you see your business in 5 years time?:
A: We expect our business to evolve into a social platform rather than just a casino. Our games will only be a medium for people to connect. Main activities on the platform might include sharing interesting content related to personal lives and stories, educational and cultural material, etc. In 5 years, the technology, particularly AI & VR might advance considerably and we might be seeing new forms of social interaction over the web. This is definitely something we will be looking to explore ourselves and implement on our platform to enhance user experience and continue pioneering the industry.
Q: What are the biggest factors that will bring success?:
A: I would say the biggest factor will be acquiring a substantial user base. The gambling industry is a highly-competitive business which requires a unique approach to stand-out from the crowd. The crypto-gambling is still relatively small market compared to fiat gambling, therefore I would say that the biggest factor that will influence our success will be our capability to capture fiat gamblers who might not be familiar with cryptocurrencies at all.
Q: What’s your advice to other ICOs or Bitcoin businesses who are just starting out?:
A: My best advice for people looking to start their business, is to think BIG. You have to have a grand plan and not settle for a small thing. Do your research, follow knowledgeable people from the industry and learn. Think of something revolutionary, that can possibly bring a lot of value not only to the business but to society as well.
Q: Aside from your website where else are you present on Social Media and how can people get in contact with you?:
A: Absolutely, we are present on Twitter where we announce major news regarding our project. Bitcointalk forum is another medium where we are very active with discussions and answering questions. However, I would definitely recommend joining our Telegram where our main community resides to talk anything related to the project, share ideas, ask questions and more.
What You Need to Know About ZeroCoin ICO and Launch Dates
Pre-ICO is set to start on the 28th of February 2018, closing out on the 15th of March 2018. While there is no soft cap set during the Pre-ICO stage, the hard cap is set at 1500 ETH. https://tokensale.zeroedge.bet
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The cryptocurrency industry continues to fight an uphill battle on all fronts. Facebook officially banned ICO advertisements earlier this year. Google is now doing the same, but they are removing any advertisements related to cryptocurrency in general. This is a rather worrisome development that may hurt cryptocurrency’s chances of success in the long run. A … Continue reading Google to Remove All Cryptocurrency Advertisements in July
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The cryptocurrency industry continues to fight an uphill battle on all fronts. Facebook officially banned ICO advertisements earlier this year. Google is now doing the same, but they are removing any advertisements related to cryptocurrency in general. This is a rather worrisome development that may hurt cryptocurrency’s chances of success in the long run.
The new decision by Google comes at a rather interesting time. In June of 2018, cryptocurrency-related advertisements will no longer be allowed on the platform. That is quite worrisome, as it virtually nullifies any promotion attempts related to Bitcoin and altcoins. It seems Google mainly wants to weed out ICOs, trading advice, and so forth.
Even legitimate companies will no longer be able to serve ads through Google. That is not a positive development by any stretch of the imagination. A lot of smaller cryptocurrency companies will struggle because of this missed opportunity. With Facebook also cracking down on cryptocurrencies, it has become evident these centralized technology giants will try to oppose this new form of money.
Whether or not other companies will follow this example, remains to be seen. Cryptocurrency interest is at an all-time high as we speak. Despite falling prices, the general public still wants information regarding Bitcoin and altcoins. If Google can’t help them out, people will flock to other solutions in this regard. This decision also highlights the need for decentralized ad networks.
It is evident Google faces a lot of advertisements violating its policies. At the same time, targeting the cryptocurrency industry doesn’t appear to be the right course of action either. Removing reported ads is a system that simply works well. At the same time, advertising is the main source of revenue for Google parent company Alphabet. Removing anything potentially “dangerous” or “malicious” from their ecosystem makes a lot of sense.
For cryptocurrency companies, the news will be a big blow. At the same time, every closed door means another opportunity will come around. How this will affect the industry, remains to be determined. This advertising industry may remain off-limits until we see actual cryptocurrency regulation. Even then, companies such as Google may keep their foot down and not allow any ads related to this new form of money.
This news comes at a time during which Google Ventures invests in Currencycloud. This company uses cryptocurrency to improve remittance flows. It is rather uncanny how Alphabet cracks down on cryptocurrency advertisements, yet still invests in companies exploring this business model.
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