Day: June 19, 2018

When Brian Armstrong founded Coinbase in 2012 Bitcoin was worth around $10 and existed in relative obscurity. Those who had heard about this digital money or even the word cryptocurrency probably did so through a news brief about the dark web. Those who were trading in it already were a very select few.

Coinbase CEO Tweets Words of Wisdom to Staff

Then came a series of price bubbles which eventually rocketed the price to nearly $20,000 and saw the crypto space grow exponentially in just a few months in late 2017. That market corrected, the price fell to about a third of its all-time high value where it languishes today at about $6,600, and those who came in late are wondering if they are ever going to see their initial investment comeback, never mind a profit.

Armstrong, the CEO of Coinbase, a cryptocurrency exchange that recently self-evaluated its worth at $8 billion, had a word of advice to new employees who might be getting the jitters as the price of Bitcoin remains low. Actually, it was more than a word, it was a 10 part twitter thread giving a mini-history on the price of Bitcoin since its launch but the take away was don’t panic, I have seen this before.

When Bitcoin surged in 2017 so did Coinbase’s user numbers and trading volume which stimulated the company’s growth. They went from 250 to 500 employees, many who presumably walked away from solid jobs in the tech world to get into the volatile space of cryptocurrency and who maybe now thinking twice about that decision.

In his tweets, Armstrong strove to reassure those new to the game that he had seen bubbles before and that by focusing on doing the work they would rise above the hype. One tweet measured the space as only a crypto player would, as Armstrong wrote,

“When there is hype, people are irrationally exuberant. When there is despair, people are irrationally pessimistic. Neither is true, reality is always somewhere in the middle, more correlated with real usage (transactions per day) than the price.”

Don’t Panic

Coinbase ran into its own problems as it grew to meet user demand. Suffering from systems outages and customer service problems but Armstrong told his team that this is the time to improve.

6/ We use the down cycles to build a strong foundation so we can thrive in the next growth cycle.

— Brian Armstrong (@brian_armstrong) June 19, 2018

Through the twitter thread he tried to put the recent boom and correction into long-term perspective by comparing it with the less dramatic but still considerable price spikes of 2013 and 2014, writing that; “It can be scary the first time you see it, but to us who have been in the industry for many years, it feels like old news,”

Image from Shutterstock

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A first of its kind program named ChainAccelerator has been launched in Paris, France at Station F. The program’s goal is to nurture blockchain startups, and it has 29 mentors from across the blockchain and finance industries as well as partnerships with 13 companies.

Some notable mentors include Leonard Schrank, former CEO of major international transaction settlement protocol SWIFT, Bibop Gresta, chairman of Hyperloop Transportation Technologies, Pascal Gauthier, president of Ledger cryptocurrency wallets, Diana Bigga from HSBC bank, and Jonathan Benassaya, co-founder of Deeezer.

Blockchain-based companies had been popping up across the different programs at Station F, so it felt the need to dedicate an entire program to blockchain startups. Station F brands itself as the world’s biggest startup campus with an entire entrepreneurial ecosystem under one roof and has 26 different startup programs. Under one program, dedicated entrepreneurs who are trying to get out of poverty can study at Station F for free.

ChainAccelerator will offer workshops on smart contracts, cryptographic security, cryptocurrency markets, and initial coin offering (ICO) legislation. It also offers its own token protocol so startups can create their own cryptocurrencies, in addition to support to facilitate ICOs. ChainAccelerator will actively matchmake blockchain startups with corporations, and will also link startups with investors. Additionally, legal, financial, business development, and marketing support will be provided.

Essentially, blockchain startups will be given all the tools and connections they need to become full-fledged companies in the ChainAccelerator program. Station F could become a major breeding ground for blockchain technology since there will be so much collaboration and experimentation between blockchain experts going on in one spot.

In general, France has a very positive view towards cryptocurrency, so it is perhaps not surprising that the first physical ‘Blockchain University’ has sprung up in Paris. The French Finance Minister, Bruno Le Maire, warned that France “should not miss out on the blockchain revolution”. Paris National Assembly member Pierre Person says France “must become a leader in blockchain”.

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Key Highlights

• Ripple price failed to move above the $0.5620 resistance area and trimmed gains against the US dollar.
• There is a key connecting bullish trend line in place with support at $0.5250 on the hourly chart of the XRP/USD pair (data source from Kraken).
• The pair has to remain above the $0.5250 support area to avoid further losses in the near term.

Ripple price struggled to hold gains against the US Dollar and Bitcoin. XRP/USD is currently moving lower and is testing a major support area near $0.5250.

Ripple Price Support

Yesterday, we saw a nice upside move above the $0.5400 level in Ripple price against the US Dollar. The price traded above the $0.5500 and $0.5600 resistance levels. However, the price failed to hold gains above $0.5600 and formed a high near $0.5620. A fresh downside move was initiated and the price declined below the $0.5400 level. There was also a break below the 50% Fib retracement level of the last wave from the $0.5100 low to $0.5616 high.

More importantly, the price broke the 100 hourly simple moving average to test the $0.5200 support. On the downside, there is a key connecting bullish trend line in place with support at $0.5250 on the hourly chart of the XRP/USD pair. The trend line support is close to the 61.8% Fib retracement level of the last wave from the $0.5100 low to $0.5616 high. If the price fails to hold the trend line and support at $0.5250, there may be more losses. The next support on the downside sits around the $0.5100 level.

Looking at the chart, the price must stay above the $0.5250 support. On the upside, an initial resistance is at $0.5400, above which, the price may perhaps retest the $0.5600 resistance.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD has moved back in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now well below the 50 level.

Major Support Level – $0.5250

Major Resistance Level – $0.5400

The post Ripple Price Analysis: Can XRP/USD Hold This Support? appeared first on NewsBTC.

Bithumb, South Korea’s largest crypto exchange announced on its website that between Tuesday evening and Wednesday morning, Korean time, 35 billion won (about 31.5 million USD) worth of cryptocurrencies vanished. Just a few hours later, the announcement was taken down, along with promises of compensation. At press time, it appears Twitter announcements of the heist remain published without explanation.

Also read: Bithumb to Lower Withdrawal Limit for Crypto Traders Not Using Real-Name System

Korean Bithumb Loses $31.5 Million Less Than 2 Weeks After Coinrail Attack

Bithumb is the second Korean exchange targeted by cyber thieves in less than two weeks. Earlier this month, Coinrail, South Korea’s seventh-largest cryptocurrency exchange, announced that it was hacked, losing between $37.2 and $40 million in altcoins, according to local media.

Around 9 a.m. on Wednesday, Bithumb informed the public in a Tweet that it was temporarily suspending deposits and changing its wallet system due to increasing safety issues. Bithumb apologized for the incident, asking its customers “not to deposit any funds into Bithumb wallet addresses.” This second attack in less than a month highlights the vulnerabilities faced by cryptocurrency exchanges.

“The loss will be compensated by Bithumb’s own reservoir,” the exchange told Yonhap News and also stated that “all of clients assets in safe cold wallet,” which operates on platforms not directly connected to the internet.

Markets Momentarily Rocked

In South Korea, the price of bitcoin fell 3.88 percent to 7.23 million won as of 11:00 a.m., according to another cryptocurrency exchange, Btrade, Yonhap News reported. Ripple and Ethereum reportedly declined 3.16 percent and 4.22 percent.

Bithumb is one of the largest exchanges in Asia, with a daily trading volume of over $330 million, according to Coinmarketcap. A Bithumb spokesman has confirmed over the phone to News.Bitcoin.com that it does not know which virtual currencies exactly were stolen at this point, and did not mention whether it was indeed a hack. Bithumb trades more than 37 different crypto currencies, according to its homepage.

Do you think the Bithumb hack spells doom for the coin? Let us know what you think of this subject in the comments below.

Images via the Pixabay, Bithumb. Kevin Helms and Jamie Redman contributed. 

Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi Pulse, another original and free service from Bitcoin.com.

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Journalist and former Wall Street trader Max Keiser has expressed his views that with the Bitcoin hash rate reaching another all-time high and 15% spike this month, an increase in the value of Bitcoin will be triggered.

Sharing a post on Twitter illustrating the growing hashrate in a graph, Keiser wrote: ”My mantra since $3. Price follows hashrate. If you don’t understand this then you don’t understand Bitcoin.”

My mantra since $3. Price follows hashrate. If you don’t understand this then you don’t understand #Bitcoin. Sorry, but dem the facts, Bro pic.twitter.com/DchJEkONfA

— Max Keiser (@maxkeiser) June 19, 2018

The Bitcoin hashrate saw a 15% gain through June before reaching the highest levels to date, despite a decline in transaction volumes and Bitcoin’s price valuation. This growth strongly indicates more parties are choosing to invest in the cryptocurrency despite the rocky market.

Hashrate refers to the aggregate computing power of the Bitcoin network, reflecting the number of tries a unit can make when attempting to solve one of Bitcoin’s computational puzzles required in the mining process.

Reaching the Bitcoin bottom

Keiser is not the only prominent industry figure to anticipate Bitcoin is ready to rebound.

Speaking to CNBC this week, president of commodities brokerage and trading firm Blue Line Futures Bill Baruch noted that Bitcoin’s recent price plummet was a sign of selling becoming exhausted. Now the price and volatility are stable, Baruch believes the bottoming process can begin.

He also advised investors not to sell Bitcoin below the price of USD 10,000, as he sees it as likely to have enormous payoffs for those willing to hold in the long run.

CEO of the Blackmore Group and Wealthchain Group, Phillip Nunn also reaffirmed his Bitcoin prediction this week, standing by his belief that the cryptocurrency would reach USD 60,000 by the end of the year.

Nunn had also expressed a belief that Bitcoin would drop to USD 6,000 in the first half of the year, which has already been met. Nunn, however, believes it is predominantly blockchain technology that will lead to the boom of cryptocurrencies.

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A group of industry stakeholders is trialing blockchain to more efficiently cover margin calls in securities trading.

Data generated by local vehicles is critical to building safer, convenient, affordable, and more efficient mobility models. While companies continue to profit from the massive amount of data generated, there is currently no way for end users to to personally benefit from this data. Until now.

Journey of a Thousand Miles

Hong Kong-based blockchain startup, Moveco, is developing a rewarding ecosystem for the projected $750 billion (by 2030) mobility industry. The ecosystem directly connects car owners with retailers and mobility partners on an empowering platform where value can be easily exchanged through an innovative token, MOV.

Lawrence Hui, Founder of Moveco said:

“Moveco believes car generated data is important to drive the future of mobility. We, however, also believe that consumers should be rewarded for the data shared,”

MOV Token is the key to all exchanges of values on the platform. With MOV, users can positively contribute to the development and enhancement of mobility standards, and earn compensation for their contributions instantly. These tokens can be used to pay for their next fuel bill, purchase services, or even be exchanged for air miles through the synergetic partnerships established by Moveco.

“We look to create a win-win situation, in which car generated data can be collected while consumers are rewarded.”

Moveco began as a telematics solutions provider focusing on how to improve car sharing through technology. To this end, the company developed a series of applications, including Drivebox and Drivebox Lite, for the reading and analysis of sensor data, route tracking, and interpretation of driving behavior.

The Moveco blockchain platform enables any user to turn their miles into rewards and discounts that can help then significantly offset car ownership, maintenance, and travel costs. By incentivizing the community and rewarding them for generating critical data, Moveco is paving the way towards a more secure, safer, and efficient future for the mobility industry, while reducing costs.   

All onboard with the Community

Moveco has been developed with the community at the forefront of every decision. The rewarding ecosystem is also poised to help build the next generation of autonomous vehicles and provide city planners with valuable information. The transparent ecosystem brings together stakeholders and key actors in the mobility industry, eliminating friction in the exchange of value between end-users and businesses.

By building on the blockchain, Moveco is empowering users from all over the world to contribute to the development of better mobility features and performance. Blockchain technology enables Moveco to facilitate state-of-the-art exchange of values with no third-party mediation, while guaranteeing the privacy of every users and information shared. Data freely flows unto the platform and compensations are automatically distributed to the source of the data through smart contracts.

Furthering Development and Innovation

To further its reach within the industry, Moveco recently became a member of MOBI (Mobility Open Blockchain Initiative). MOBI is a new consortium mandated to discover ways of making transportation safer, accessible, and more affordable through blockchain technology. MOBI is now in collaboration with global companies accounting for over 70 percent of the market share in global vehicle production, including BMW, Bosch, Ford, General Motors, Renault, ZF and more.

As a member of MOBI, Moveco can further the accessibility and availability of mobility data, while providing a rewarding ecosystem for all.

Visit the Website: https://moveco.io/

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FOMO Moments

Markets have dopped, altcoins getting hit hardest are Iota, Dash, Qtum and Bytecoin.

What appeared to be signs of a rebound over the past day have been quashed this morning when news broke that Korea’s second largest exchange Bithumb had been hacked. Markets tumbled once again, with almost $10 billion being wiped out in half an hour. The fall as usual was led by Bitcoin which dropped $150 and settled at just over $6,600, down 1.6% on the day. Ethereum remained relatively stable and is trading at the same level as yesterday, $520. Altcoins as usual all got battered and a sea of red has now replaced the green that was there a few hours ago. Most are down 3-4% and only a couple or minor tokens are not feeling the selling pressure at the moment.

24 hour total market capitalization chart from Coinmarketcap.com

Those taking the biggest hits in the top 25 include Iota losing 4%, Dash down 5%, Monero shaving 4% off its price, Qtum losing 4.4%, and Bytecoin getting hit 7.2% over the past 24 hours. The red wave extends all the way down the market cap chart until 54 spot where Huobi Token is bucking the trend. Coinmarketcap is currently reporting a 12.7% gain for HT while all others are dropping on the news. Currently trading at $4.87 Huobi Token is up from $4.33 this time yesterday.

Exchange based tokens usually do well when bad news hits crypto land, they provide a somewhat safe haven from the inevitable dump. Tether is the other option and volume in USDT is up around $5 billion since yesterday. Many traders will drop their altcoins into Tether when markets are dumping only to buy back their stash back at a cheaper price when markets start showing signs of recovery.

At the moment the drop seems to have leveled out and total market capitalization is at $283 billion, down one percent from the same time yesterday. The Bithumb hack announcement so far has had a minimal impact on the markets, far less than the big dump of June 10 when $15 billion left the markets in a couple of hours. Crypto traders and investors should now be used to exchange hacks, they are not the big news that they used to be, and if true $30 million is chicken feed to an exchange that regularly trades over $500 million every 24 hours.

At the time of writing Bithumb has suspended trading while they figure out exactly what just happened.

Bithumb urgently ask our valuable customers not to deposit any fund into Bithumb wallet addresses for the time being.

https://t.co/rnMGmKMBUf

— Bithumb (@BithumbOfficial) June 20, 2018

Bithumb had also removed the original tweet notifying users of the hack, the implications of which are likely to be revealed as another day in crypto land unravels.

FOMO Moments is a 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 possible fundamentals.

The post Crypto Markets Lose $10 Billion as Altcoins Predictably Plummet on Exchange Hack Story appeared first on NewsBTC.

A former Indian legislator has been found a “proclaimed offender” by the local court presiding over a USD 1.3 million Bitcoin extortion case.

As reported by The Indian Express, former member of Legislative Assembly Nalin Kotadiya failed to show up in court regarding the case, despite multiple summonses. The Indian Criminal Investigation Department (CID) was not able to serve him an arrest warrant.

The sessions court Monday in Ahmedabad approved the CID’s application to register Kotadiya as an absconder from justice, meaning any resident can make his arrest and he is not at liberty to leave India.

An arrest warrant has also been issued for Jatin Patel, who has been declared a co-conspirator.

The case

Kotadiya became a person of interest earlier this year in the CID’s investigation that saw businessman Shailash Bhatt accuse a group of policeman extorting approximately USD 1.7 million in Bitcoin in February. New reporting indicates that Kotadiya stands accused of assisting in the police officers’ kidnap of Bhatt.

The case has an additional twist, as the victim Bhatt also faces his own accusations of extortion. He and an associate Kirit Paladiya face charges of extorting a member of BitConnect at gunpoint for around USD 22 million in cash and Bitcoin.

The director general of police Ashish Bhatia further discussed the case in a statement, saying: “Bhatt and his accomplices extorted Bitcoins and cash worth a total of Rs 155.14 crore. Later, they distributed the Bitcoins among themselves. Bhatt had kept around 700 Bitcoins.”

A report from the Hindustan Times cites Bhatt as an investor of BitConnect, which was shut down in India in January due to allegations of being a Bitcoin Ponzi scheme. The article describes the extortion as Bhatt’s plot to recover his investment.

Seven constables of the Amreli district police that are allegedly involved in the case are currently reported to be on the run.

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US Senate candidate Austin Petersen revealed his campaign received, and promptly returned, a giant amount of bitcoin this week, as the donation ran afoul of financing laws. Leading candidate for the Libertarian Party’s national chair, Joshua Smith, has made cryptocurrency a key part of his platform heading into the convention. Candidate for congress, coder Brian Forde, former MIT Media Lab digital currency director, and one-time technology advisor to President Obama, came out strongly in favor of cryptocurrency. The community is divided about political influence generally, but if there must be politicians it’s probably a positive sign some are warming to crypto like never before.

Also read: Troll Slayer: Derek Magill Defends Peer-to-Peer Electronic Cash Against Defamation

US Senate Candidate Austin Petersen Returns $130,000 Bitcoin Donation

“To whoever tried to give us $130,276 in #Bitcoin on Saturday,” posted US Senate hopeful Austin Petersen in what had to be a tortuous Facebook message, “we had to refuse your donation. Please donate $5,400 to http://austinpetersen.com/bitcoin in order to comply with FEC regulations. Also, start a PAC or something mate!”

Mr. Petersen is a well known figure in liberty circles. His background includes producing Fox political shows, founding influential website The Libertarian Republic, along with coming third in the race for the Libertarian Party’s presidential nomination in 2016. He’s currently mounting an outsider campaign for Missouri’s Republican US Senate nomination. Should he win the nomination this August, he’ll face incumbent Senator Claire McCaskill, Democrat, in November.      

Mr. Petersen’s embrace of bitcoin is well documented, and he’s openly run on a platform embracing money’s future. It’s actually not the first time his campaign has had to return a crypto donation. Twice before he’s sent back hundreds of thousands of dollars worth. He holds the record as receiving the most legally donated bitcoin, roughly $4,500. If recent polling numbers are to be believed, Mr. Petersen is some 30% percent off the pace for the nomination.

Mr. Petersen’s campaign manager told ABC News, “I think it goes without saying we’re going to see a lot more of this in terms of campaign contributions and campaign financing.”

Coder Brian Forde’s Run for Congress

It started as a slur. Mr. Forde’s opponent branded him a bitcoin apologist for accepting donations, insinuating something sinister. Brian Forde, candidate for Congress, responded, “My supporters didn’t HODL, but they made donations to my campaign in bitcoin because they have faith in the technology. The comments accusing my supporters are completely inaccurate, sensationalist and it is due to my opponent’s lack of understanding of the technology. My supporters wouldn’t have donated to the campaign if they were just trying to speculate.” 

Mr. Forde wrote some of the earliest and highest-up memorandums for the US government regarding cryptocurrency while in the Obama administration. His accuser was a former SEC attorney, which might explain the hostility and misunderstanding of financial impropriety. Mr. Forde’s campaign was backed by luminaries in the crypto ecosystem such as venture capitalist Mike Novogratz and even the Winklevoss twins. Ultimately, Mr. Forde came in a distant fourth place among six candidates, and so will have to wait at least another two years if he’s inclined to mount another challenge.

Joshua Smith Challenges Libertarian Party Insiders for Party Chair

The United States’ most viable third party option is the Libertarian Party. In recent years, some have seen the leadership of the party fawn and beckon very mainstream candidates to its national platform. And while there might be nothing wrong with that strategy per se, libertarians such as Joshua Smith wondered what the point of even being a libertarian was if the official party offered up basically the same type of candidates as the two majors. Rather than just moan about it, Mr. Smith threw his hat in the ring, and is running for the Chair position as an insurgent candidate. Among his disagreements with previous, current leadership is how they’ve not done enough to welcome the crypto community, a seemingly natural constituency.  

“We also need to do a better job of leveraging our membership’s connections within the Crypto community as a fundraising avenue,” he posted. “Right now, there are literally billions of dollars wrapped up in Crypto, with the majority of those currently investing being very Libertarian-minded people. Building coalitions with this community can help change our financial situation immensely, as well as quickly, and serves the added bonus of bringing new members to the party. I have already started building coalitions among libertarians involved with Crypto-community leaders such as Nexus and Vector Space Systems and would continue to build upon these efforts as LNC Chair.”

The electoral process will end at the Libertarian National Convention, held this year in New Orleans (June 30th through July 3rd). It promises to be a very interesting battle for the party’s soul. Mr. Smith continues, “It is worth remembering that the millions of people who make up the Crypto and Blockchain communities also make up a large portion of the people in this country who do not vote, as political parties have never made it a point to advocate for their interests. This all changed two weeks ago, when I and others passionate about this issue showed up to an LNC meeting and were able to get a Blockchain Committee voted on and put into place. As a result of that effort, we are now the first American political party actively pursuing blockchain solutions for party issues, as well as continuing to look for creative ways to advocate and fight for causes that are near and dear to the Crypto-community. Continued focus in this area will allow for both the growth of our party, as well as the retention of those who see the promise in this most ‘free-market’ of technologies.”

Should bitcoin be involved in politics? Let us know in the comments. 

Images via the Pixabay, Austin Petersen, Brian Forde, Joshua Smith.

Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi Pulse, another original and free service from Bitcoin.com.

The post Bitcoin More Influential in US Politics Than Ever appeared first on Bitcoin News.

Bitcoin Price Key Highlights

• Bitcoin price looks ready to resume the slide after hitting the resistance at the descending channel.
• This lines up with the Fib retracement levels, adding strength to the ceiling.
• Technical indicators also support a continuation of the downtrend.

Bitcoin price climbed to the top of its descending channel where sellers were waiting to push it back down.

Technical Indicators Signals

The 100 SMA is still below the longer-term 200 SMA to confirm that the path of least resistance is to the downside. This suggests that the selloff is more likely to resume than to reverse.

The shorter-term moving average is also close to the 50% Fibonacci retracement level to signal that selling pressure is returning. This might be enough to push bitcoin price back to the channel support around $6,000 or lower.

RSI is also turning lower from the overbought zone to signal a return bearish momentum. Similarly stochastic is turning lower without even hitting overbought levels, indicating that bears are eager to return.

If bulls keep charging, there are still a couple of upside roadblocks to contend with. This is the 200 SMA dynamic inflection point at $7,600 and the swing high around $7,800. From there, a move past the $8,000 handle could signal that the uptrend is gaining traction.

BTCUSD Chart from TradingView

Bitcoin price got another blow from remarks by Goldman Sachs CEO Lloyd Blankfein who said that this cryptocurrency is not for him. However, there is still some degree of positive sentiment coming from the New York FSA’s approval of Square’s Cash mobile app license and remarks from a senior SEC official last week citing that bitcoin shouldn’t be treated as a security.

However, dollar strength is proving tough to oppose as risk aversion on a fresh round of tariffs threats is keeping the safe-haven currency supported even against bitcoin.

The post Bitcoin (BTC) Price Watch: Make or Break at Channel Resistance appeared first on NewsBTC.

Airdrops are a multi-purpose free token giveaways that are meant to incentivize token holders and the crypto community in general in a new token project. Previous successful airdrops have been effective as new token owners try to maximize the potential of their rewarded tokens.

Trade.io, a next-generation fintech institution based on Blockchain has announced a massive airdrop campaign to existing token holders with over fifty different coins to be potentially distributed among the community. All native TIO token holders are automatically eligible for the airdrop but a thorough vetting process has been started by the experienced trade.io team for Anti-Money Laundering processes, technical viability and longevity to ensure the success of the project.

Trade.io Airdrop

The Trade.io airdrop will see as many as 2 million various altcoins being airdropped to TIO users and its loyal investor group. The clients who are looking to airdrop tokens include TV-TWO, INGOT coin, DarcMatter and ZeroEdge. Overall 50 tokens have joined the trade.io token sale pipeline and will see their coins reach the rightful owners. As much as 100 million eventual coins will be airdropped to TIO holders in the coming months.

Who is Eligible for the Airdrop?

The airdrop campaign will be for the current members who have joined the trade.io’s telegram groups and token holders. The Telegram group will be immediately airdropped tokens that will be a pre-set percentage of the total number of tokens.

The TIO token investors and holders who actively participated in the token generation event will be given free tokens through the future airdrop campaign website being planned by trade.io. The allocation for this group is a whopping $100,000.

Trade.io will take snapshots of wallets of all investors will over 2500 tokens and they will be eligible for the free give-away. This will eventually become part of the process of all future token generation events in the new platform.

In addition to token holders, the participants of the token generation event through trade.io’s official link will receive additional bonuses that will be in addition to the previous airdrops.

What the Partnership Means for these Companies?

According to the CEO of Trade.io Jim Pressler:

“We are constantly looking for ways to add value to the experience of our loyal community and TIO holders. We feel that an ongoing airdrop of this enormity is the perfect way to both thank our community for their loyalty plus to assist new high potential ICOs in accessing our informed and ambitious community.”

Trade.io is working on a system that will allow onboard token sales to grow and bring a multitude of different tokens for TIO holders on an ongoing basis.

Visit the Website: https://trade.io/

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