Rememberful Bitcoin News.
The CCO of BitPay predicted that altcoins will “never come back,” while Bitcoin will “rebound” in 2019 when “big entrants become real”
The CCO of BitPay predicted that altcoins will “never come back,” while Bitcoin will “rebound” in 2019 when “big entrants become real”
Dublin, Ohio wants to develop a prototype blockchain platform that will serve as a decentralized voting and identity system.
Dublin, Ohio wants to develop a prototype blockchain platform that will serve as a decentralized voting and identity system.
CoinMarketCap offers historical snapshots, which are basically like a time machine that allows you to look at the state of the crypto market at a point in the past. These historical snapshots give perspective on the crypto market, showing how far it has come and how the 2018 bear market isn’t bad at all. Plenty …
The post CoinMarketCap’s Historical Snapshots Put Crypto Market in Perspective appeared first on BitcoinNews.com.
CoinMarketCap offers historical snapshots, which are basically like a time machine that allows you to look at the state of the crypto market at a point in the past. These historical snapshots give perspective on the crypto market, showing how far it has come and how the 2018 bear market isn’t bad at all.
Plenty of crypto investors have become depressed with the situation in 2018, having seen Bitcoin decline from USD 20,000 to as low as USD 5,800, a 71% decline. The CoinMarketCap snapshot from 17 December 2017 shows Bitcoin with a market cap of USD 327 billion, versus USD 111 billion today 13 September 2018. At that point, five other cryptocurrencies had a market cap in excess of USD 10 billion: Ethereum, Bitcoin Cash, Ripple, Litecoin, and Cardano, and those altcoins actually rose significantly through January 2018. Whereas now, the entire altcoin market has a market cap of USD 84 billion, with only Ethereum and Ripple holding above USD 10 billion.
However, when rewinding to 5 January 2014, during the rally that brought Bitcoin to USD 1,000 for the first time, it can be seen how much the crypto market has grown, even at current levels. In early 2014, Bitcoin was becoming mainstream and there were building hype and optimism, yet Bitcoin’s price was less than USD 1,000 with a market cap just over USD 10 billion. This is about the same as the market cap of Ripple currently, which is an altcoin that is much weaker than Bitcoin and less than 10% of the current Bitcoin market cap.
At that time, there were no other cryptocurrencies with a market cap in excess of USD 1 billion. Litecoin was #2 at USD 617 million, with Ripple a distant #3 at USD 219 million. Compare this to the present day where there are 15 cryptocurrencies with a market cap in excess of USD 1 billion. Also, at that time, only 67 cryptocurrencies were listed on CoinMarketCap, versus 1,944 on CoinMarketCap as of this writing.
When looking at 28 April 2013, the difference with the present day is even more extreme. This was around the time that Bitcoin first rallied to over USD 100. At that time, Bitcoin’s market cap was USD 1.5 billion, equivalent to modern day Dash which sits at #12 on CoinMarketCap. Also, there were only seven cryptocurrencies recorded on CoinMarketCap at that time, the six altcoins having a combined market cap of less than USD 100 million, most of which was Litecoin at USD 75 million.
Essentially, there was practically no altcoin market only five years ago when compared to the present day. The number of altcoins has proliferated from fewer than ten to nearly 2,000, and market caps have boomed from millions to billions of US dollars. CoinMarketCap historical snapshots make it clear that 2018 is not that significant a bear market at all.
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Last week, after a slow grind up to its most recent peak of roughly $7,400, Bitcoin’s price plummeted over 20% in less than 48 hours. All signs had pointed to a slow, steady recovery for the cryptocurrency market, leaving investors shocked as recent gains evaporated before their eyes. This prompted the cryptocurrency community to do…
The post Fake FUD Blamed For Market Slump, One Bitcoin Whale Proves Otherwise appeared first on NewsBTC.
Last week, after a slow grind up to its most recent peak of roughly $7,400, Bitcoin’s price plummeted over 20% in less than 48 hours. All signs had pointed to a slow, steady recovery for the cryptocurrency market, leaving investors shocked as recent gains evaporated before their eyes. This prompted the cryptocurrency community to do what they do best: speculate. Speculation ran wild, and internet sleuths discovered a wallet transaction trail leading back to a mysterious bitcoin whale that dumped a large sum of bitcoins on the market.
After much debate on Reddit and other social media platforms, users turned detectives discovered a cryptocurrency wallet dating back as far as 2011 was on the move. The Bitcoin whale’s original wallet at one point had 111,114 Bitcoins, but was distributed to a number of smaller sub-wallets over time. Reddit user u/sick_silk found that “at least 15,593 BTC,” worth over $100 million at the time of the selloff, was sent to wallets at Bitfinex and Binance – two of the world’s largest cryptocurrency exchanges by trading volume.
The coins were transferred between August 24 and September 2, just days prior to the massive sell-off on September 5 when Bitcoin’s price neared the current bear market downtrend line, plummeting over 20% in two days.
Given the timing of the wallet original funding date of June 21, 2011, speculation led to the cryptocurrency community pointing fingers at two potential sources: defunct and hacked cryptocurrency exchange Mt. Gox, or a wallet potentially tied to convicted Silk Road head Ross Ulbricht.
Speculation suggests that the wallet could have been Mt. Gox trustees selling Bitcoins to pay back creditors. Mt. Gox trustee Nobuaki Kobayashi has reportedly been responsible for previous Bitcoin price declines at key peaks throughout the 2018 crypto bear market.
Another potential source could have been related to dark web drug den Silk Road. A BitcoinTalk forum post dating back to October 2013 noted on what was presumed to be a Silk Road related wallet that had around 111,114 BTC in it “with nothing spent.”
However, it could just has easily been an early Bitcoin adopter frustrated with declining prices who finally decided to sell their holdings. Thanks to Bitcoin’s pseudo-anonymous design, the owner of the wallet may never been known.
Per usual, shocked cryptocurrency speculators sought out news that they believed could coincide with, or may have been responsible for large price movements. In this case, that speculation was further fueled by mainstream media outlets reporting that the sell-off was due to the market’s reaction to Goldman Sachs reportedly delaying their cryptocurrency trading desk for the foreseeable future.
Neither the correlation or even the news itself turned out to be true. Goldman Sachs CFO Marty Chavez told TechCrunch while speaking at the recent Disrupt San Francisco Conference that the Goldman Sachs report was “fake news.” Later, the evidence of the Bitcoin whale was discovered, throwing a wrench in the theory that the sell-off was related to the Goldman Sachs non-event.
Charts further disprove the theory, showing that the Goldman Sachs false sell-off had occurred mid-way through this Bitcoin whale’s coin dump. This serves as a shining example of how cryptocurrency bear market has seemingly weakened the previously strong hands of cryptocurrency “hodlers,” who are too often overreacting to FUD-focused news from mainstream media.
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The post Fake FUD Blamed For Market Slump, One Bitcoin Whale Proves Otherwise appeared first on NewsBTC.
Brazil: major furniture and electronics chain Casa Bahia integrates payments via blockchain finance app Airfox
Brazil: major furniture and electronics chain Casa Bahia integrates payments via blockchain finance app Airfox
BiteBTC is a Singapore based cryptocurrency exchange. Recently, there has been a thread on bitcointalk accusing the exchange of scamming users and faking trading volume. We reached out to the exchange and got their response on the accusations. What is BiteBTC? The BiteBTC exchange is based in Singapore and is still relatively new. At the time of […]
The post BiteBTC Responds to Accusations of Faking Trading Volume appeared first on NullTX.
BiteBTC is a Singapore based cryptocurrency exchange. Recently, there has been a thread on bitcointalk accusing the exchange of scamming users and faking trading volume. We reached out to the exchange and got their response on the accusations.
The BiteBTC exchange is based in Singapore and is still relatively new. At the time of writing, it is ranked #65 by average daily trading volume ($10 million), mostly dominated by BTC/USD and ETH/USD markets. The company also offers access to a few smaller altcoins, and seems to be popular among primarily novice users.
The problems users are reporting with the exchange range from the exchange not working properly, faking trading volume, problems with account verification, and a large fee on withdrawals.
BitcoinTalk user Raske summarizes the accusations as follows:
“Now try to withdraw your coins – you’ll see why they are scammers. First of all, there is an extra big widrawal fee, this is how this scam exchange (BiteBTC) is working. They attract you with a bigger price of some coins to make a deposit, and there is no volume or there is a fake volume made by bots. Then you get pissed and you withdraw your coins, but the exchange is taking the profit by taking enormous fee on the withdraw. count that scenario now on 1000+ people, and those scammers are getting a big pot of coins every hour…..Stay away from BiteBTC and spread the word around, don’t be lazy.”
To summarize, Raske believes that the exchange baits users with high prices of certain altcoins created by faking volume. Once traders deposit the coins, they realize there is no volume and when they try to withdraw their funds they get hit with high withdrawal fees.
There are also other complaints about the KYC verification process. One user on twitter goes as far as to claim that if you aren’t fully verified you still cannot trade on the markets. BiteBTC claims that you can trade and withdraw up to $2,000 a day with partial verification.
That is a lie. even if you're partially verified you won't be able to trade. I am partially verified but when i tried trading, i always get an error that i need to be fully verified before i can trade in the market!!
— Bessie Mae Desierdo (@Besmae19) August 23, 2018
When I reached out to comment from BiteBTC, I received a response within an hour. When it comes to customer support at least we know that they do check their inbox.
Regarding the scam accusations, Bill Morton, BiteBTC Marketing Director believes the rumors are coming from owners of scam-coins who got denied listing on the exchange. He said:
“If you look at the authors of these posts, you will see there [sic] a few active haters.”
He continued: “These are owners of scam-coins which we did not allow to increase the volume and value of their coins and thereby mislead our traders and investors. These people have time and motivation to constantly invent more and more “facts” about our activity. If you look at the history of their accusations, they first stated that we don’t have any real trader[s] and even don’t have the opportunity to trade. The basis of these accusations was the complicated procedure of KYC, which we soon managed to simplify and it became obvious to everyone that these accusations were fake.”
One thing I wanted to mention, the verification period might have been quite long prior to August 17th. On that date BiteBTC released a statement saying they simplified their KYC process which should make for faster verification time as of right now.
The above addresses accusations about the exchange being a scam, what about the fake trading volume? Morton says:
“Then they switched to fake volumes. However, we have more than 70k traders, there are a number of large traders from Singapore and almost 20k subscribers on Twitter. [These are] real people and it’s easy to check – every [] Twitter campaign collects at least 1,000 likes.”
“Our Alexa Rank (125k) is higher than most exchanges, which indicates the high traffic of our site.”
Finally, BiteBTC addresses the comments about high withdrawal fees:
“A separate theme – is a high withdrawal fee. In fact, we adhere to the rule that the fee should be about $5 in most cases. This rate includes multi-level verification of each withdrawal to prevent theft of funds from the exchange. This is the manual labor of our employees. Many exchanges don’t pay so much attention to security and are ready to withdraw funds instantly. But are traders who trust their funds to the exchange expect this? Don’t they worry that someone will be able to withdraw their money in case of an error? Are they willing to pay a small fee and be sure that their funds are safe?
Our fees have not changed for a long time and are always available on the site: https://bitebtc.com/pricing/“
So there you have it, now you have both sides of the story. What do you think about these accusations? Is BiteBTC legit? Let us know in the comment section below.
The post BiteBTC Responds to Accusations of Faking Trading Volume appeared first on NullTX.
Now that Bitcoin Cash has successfully survived its first year, it is a good time to look at the project’s rich list. The numbers look somewhat similar to Bitcoin itself at this stage. One address is clearly holding significantly more coins than others, but it seems there are numerous “wealthy” BCH holders out there. The […]
The post Top 6 Most Valauble Bitcoin Cash Wallet Addresses appeared first on NullTX.
Now that Bitcoin Cash has successfully survived its first year, it is a good time to look at the project’s rich list. The numbers look somewhat similar to Bitcoin itself at this stage. One address is clearly holding significantly more coins than others, but it seems there are numerous “wealthy” BCH holders out there. The following six addresses stand out. However, keep in mind some of these wallets might belong to one of the numerous exchanges on the market.
According to Bitinfo charts, Bitcoin Cash address 13trzcocngHQdEzRGjyqoSYNva17BMaJKt is currently holding just under 101,000 BCH. It has not seen any notable changes over the past week or month, seemingly indicating this particular address is not actively used at this time. That always raises a lot of questions, as one would expect users to move such vast sums around on a regular basis. Its latest transaction dates back to November 4th of 2017, when the BCH price was sitting at $627.72.
Another peculiar Bitcoin Cash wallet address holding a vast amount of funds is 1EeBbBiJGvVzemoLodsrZxv9sEKq1dz1KT. It has received even fewer transfers than the address above, and does not generate any recent activity either. With a balance of nearly 115,000 BCH, it is currently valued at just over $55m. The final transaction dates back to March 4th of this year, albeit its amount is negligible.
There is no shortage of Bitcoin Cash address holdings which make most crypto traders’ mouths water. With over 124,000 BCH, address 1JCe8z4jJVNXSjohjM4i9Hh813dLCNx2Sy is on the cusp of surpassing $60m worth of assets with no transactions in the past month. The final transaction dates back to August 18th of 2017, although the only noteworthy transfers occurred in September, October, and November of 2016. That is a bit odd, as the Bitcoin cash “fork” only occurred in 2017.
For an address which recently increased its balance by an additional 24,903 BCH, wallet 1FoKDqYPGwHpPJTshTucY3FezMBGCYZ7FQ is quickly rising to the top of the rich list. Holding more than 132,000 BCH, it is now valued at nearly $64m, and that value will probably increase even further over the coming months. Given the vast sums flowing in and out of this wallet, it seems likely this wallet is associated with an exchange of sorts.
It is rather interesting to see just one multisig address in the entire top 15 of the Bitcoin Cash rich list. Wallet address 3DD91Qx1Tat7zGWhtcowXCFZTrePstERYu contains over 148,000 BCH and did not have a balance until rather recently, as its first transaction was completed several weeks ago. Even on the day of writing, it still received two relatively big transactions. At this pace, surpassing $75m worth of BCH is not out of the question whatsoever. This seems to be a large accumulator or an exchange moving funds to cold storage.
Similar to Bitcoin, Bitcoin Cash has one wallet address which dwarfs everything else. Wallet 19hZx234vNtLazfx5J2bxHsiWEmeYE8a7k currently sits on 1.61% of the entire supply, or $134.6m worth of Bitcoin Cash. Holding over 278,000 BCH, it generates plenty of incoming and outgoing transactions. Surprisingly, it also got rid of over 162,000 BCH in June of this year, which may indicate this is not related to a mining pool, exchange, or wallet provider.
The post Top 6 Most Valauble Bitcoin Cash Wallet Addresses appeared first on NullTX.
Huobi Japan Holding Ltd. has acquired a majority stake in Japanese cryptocurrency exchange BitTrade, marking the top-three exchange’s formal entry into the Japanese market.BitTrade, which is one of the 16 governm…
Huobi Japan Holding Ltd. has acquired a majority stake in Japanese cryptocurrency exchange BitTrade, marking the top-three exchange’s formal entry into the Japanese market.
BitTrade, which is one of the 16 government-approved crypto exchanges in the country, announced the news yesterday, September 12, 2018.
Japan’s Financial Services Agency (FSA) began issuing exchange operating licenses in 2017, but in light of the Coincheck hack in January 2018, the approval rate has plummeted as the agency has tightened its requirements.
Huobi Japan, which is a wholly owned subsidiary of Huobi Global, plans to “aggressively scale up the platform” in partnership with the management team of BitTrade. The subsidiary will work on making the platform user-friendly for its international customers, while providing more professional and compliant services as well.
Huobi CFO Chris Lee hailed the partnership as a strategic success, saying the companies’ synergy will strive toward improvement “through continued investment into R&D and compliance.”
“Leveraging on BitTrade’s leadership team and its Japanese government-approved license, this is just the beginning,” he added.
Huobi, currently ranked the third largest crypto exchange in the world by trade volume, has shown an inclination toward expanding into new regions through partnerships with local companies. The exchange currently operates in Singapore, Korea, Canada, Australia, the UAE, Luxembourg, Brazil and others.
BitTrade’s owner Eric Cheng, a Singaporean millionaire who acquired a 100 percent stake in BitTrade Co. Ltd. for $50 million earlier this year, said both parties would scale the platform into the “largest in Japan with the potential to extend its services globally.”
He went on further to state:
“Together, we will leverage on Huobi’s global footprint, excellent management team, and advanced security systems to grow BitTrade into a market-leading position in Japan. Having a long-term partnership with an established brand such as Huobi is the right step for BitTrade as we look to continue our rapid growth trajectory.”
This article originally appeared on Bitcoin Magazine.
The Reserve Bank of India has argued at the Supreme Court that bitcoin cannot be recognized as either money or currency.
The Reserve Bank of India has argued at the Supreme Court that bitcoin cannot be recognized as either money or currency.
Morgan Stanley is joining Wall Street’s race toward an institutional-friendly bitcoin derivative.According to anonymous sources reporting to Bloomberg, the financial institution is devising price return swaps tie…
Morgan Stanley is joining Wall Street’s race toward an institutional-friendly bitcoin derivative.
According to anonymous sources reporting to Bloomberg, the financial institution is devising price return swaps tied to bitcoin. These derivatives would allow investors to indirectly invest in the market’s flagship currency, allotting them the option to buy into long or short positions through the contracts.
Taking their prices from bitcoin futures, the swaps will not handle bitcoin directly. Seeing as Morgan Stanley is a regulated and established financial institution, tying the product to futures contracts is a safer bet than basing them on bitcoin’s spot price, as the Chicago Mercantile Exchange and Chicago Board of Exchange offer fully-regulated bitcoin futures from which Morgan Stanley can pool pricing data.
Bloomberg’s source claimed that the derivatives are ready for launch, but it’s waiting on an in-house approval process and sufficient investor demand before taking them to market. In the original reporting, a Morgan Stanley spokesperson declined to comment on the developments.
If the tip is valid, it would make Morgan Stanley the latest in legacy financial groups looking to open a doorway for institutional investors to enter the cryptocurrency market. Despite false reports claiming that Goldman Sachs had put hopes for a bitcoin strategy behind it, the bank has a strategy desk in the works, a service that, if opened, would add to the bitcoin futures options it facilitates for its clients.
Citigroup also reportedly has so-called digital asset receipts in the works. Like its traditional counterpart in American depository receipts, these receipts offer investors an option to purchase an asset that doesn’t trade on local markets from a foreign exchange.
Institutional-tier offerings such as those detailed above are seen as much-needed catalysts to stimulate the flow of institutional money into the market, offering heavyweight financial players a less-risky way to buy into assets like bitcoin. For the same reason, custody services like those offered by Coinbase, BitGo and others are necessary for safely storing and managing these investments as well.
This article originally appeared on Bitcoin Magazine.
A Nevada-based cryptocurrency investment company is planning to convert a US Department of Defense facility into crypto mining data center. The company, Wuhan General Group (China) Inc, has seized the opportunity to use the redundant facility, originally called the Defense Department Data Center, for its mining project which will eventually be able to tap into …
The post US Defence Department Facility to Become Crypto Mining Data Center appeared first on BitcoinNews.com.
A Nevada-based cryptocurrency investment company is planning to convert a US Department of Defense facility into crypto mining data center.
The company, Wuhan General Group (China) Inc, has seized the opportunity to use the redundant facility, originally called the Defense Department Data Center, for its mining project which will eventually be able to tap into a power supply able to support a total of 1,300 mining rigs.
Amid stiff competition around the world, companies are finding it increasingly difficult to find locations suitable for Bitcoin mining. The US has seen a flurry of activity this year with numerous outmoded plants being readapted for crypto mining.
Many aluminum sites around the country have been readapted towards utilization for mining. Alcoa World Alumina and Chemicals (AWAC), with customers in China, the United States, Europe and Brazil, have notably seen some of their old operational US sites for aluminum processing go.
Bitmain has been creating mining supersites, mining farms on a scale never seen before. Other major cryptocurrency mining firms like Coinmint are also building similar sites. Ramy Kamaneh, Wuhan General Group’s CEO, maintains that it was just a matter of time before the company seized the opportunity to become another overseas company to mine in the US:
“We had planned to build this operation three months ago, but with the bearish cryptocurrency market, we took a step back to reassess our strategy. The decision to wait for market stability was a good one, especially considering many cryptocurrency machines are no longer profitable in the current market.”
Once negotiations have been completed, the first 1,300 rigs will be installed in October, followed by the potential to add 12,000 more rigs in 2019. The initial installation according to the company should create a monthly revenue of USD 3.5 million.
The challenge for industrial-scale crypto mining in the US as the sector moves forwards is to develop more sustainable methods of operating, such as utilizing more hydroelectricity. A good example of how this can be both profitable and ecologically sound is DPW Holdings new Installation at Valatie Falls, New York, and geothermal plants in Iceland.
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CointelegraphMarket Rebounds: Ethereum Soars 18% Back over $200, Bitcoin Regains $6500 MarkCointelegraphBitcoin (BTC) is trading just above $6,500 as of press time, up a solid 3.17 percent over the 24 hour period. The leading crypto has seen a volatile…
Cointelegraph | Market Rebounds: Ethereum Soars 18% Back over $200, Bitcoin Regains $6500 Mark Cointelegraph Bitcoin (BTC) is trading just above $6,500 as of press time, up a solid 3.17 percent over the 24 hour period. The leading crypto has seen a volatile week, with major losses briefly taking hold September 8-9, since which Bitcoin has made a jagged and ... |
The Reserve Bank of India has continued is tirade against the legalization of cryptocurrencies by filing an affidavit to the country’s supreme court. The Supreme Court will be holding a hearing on the case of legalizing cryptocurrency on September 17th, at which time the affidavit will be reviewed. According to a recent report, the RBI…
The post India Update: RBI Claims Court Can’t Recognize Crypto as Currency Due to Existing Laws appeared first on NewsBTC.
The Reserve Bank of India has continued is tirade against the legalization of cryptocurrencies by filing an affidavit to the country’s supreme court. The Supreme Court will be holding a hearing on the case of legalizing cryptocurrency on September 17th, at which time the affidavit will be reviewed.
According to a recent report, the RBI claims that cryptocurrencies cannot be recognized as legal currency due to the existing legal frameworks, and that cryptocurrencies cannot be legalized unless the government adjusts the requirements for what a legal currency can be.
The RBI noted that, in addition to not meeting the legal framework for a currency, cryptocurrencies are “neither currency nor money; they can’t even be considered as a valid payment system.” This statement is exceptionally bold, considering that many investors and users of crypto see it as a better means of payment that traditional fiat currency.
The ban on the trading of cryptocurrencies was first put in place this past April, when the RBI isolated Indian based crypto exchanges by banning banks from working with them. Preceding these unprecedented actions, India’s government had issued multiple warning about Bitcoin and crypto, emphasizing that they are not legal currencies and that investors should trade with caution.
At the time of the April ban, the RBI made a statement, saying that:
“It has been decided that, with immediate effect, entities regulated by RBI shall not deal with or provide services to any individual or business entities dealing with or settling cryptocurrencies. Regulated entities which already provide such services shall exit the relationship within a specified time.”
These actions infuriated Indian cryptocurrency investors and significantly reduced the liquidity from these exchanges. The amount of anger and inquisition from investors led to an unnamed government official to make a clarifying statement on the ban, saying:
“I don’t think anyone is really thinking of banning it (cryptocurrencies) altogether. The issue here is about regulating the trade and we need to know where the money is coming from. Allowing it as (a) commodity may let us better regulate trade and so that is being looked at.”
Since then, there have been contradictory actions and statements taken by various government organizations, which have led to significant confusion on what the outcome of the ban will ultimately be.
In early September, reports surfaced claiming that India’s main regulatory authority, the Securities and Exchange Board of India (SEBI), which supposedly sent teams to multiple countries in order to gain a better understanding of how multiple countries, like Japan and Switzerland, are regulating cryptocurrency.
The Supreme Court is currently reviewing the RBI’s affidavit and will be holding a hearing on the case between crypto exchanges and the RBI on September 17th.
Featured image from Shutterstock
The post India Update: RBI Claims Court Can’t Recognize Crypto as Currency Due to Existing Laws appeared first on NewsBTC.
Airdrops have begun playing an integral role in the world of cryptocurrency. These free tokens usually bring some additional value to existing cryptocurrency holders. In the case of NEO, a fair few airdrops are on the agenda for the remainder of the year. The following projects – ranked by expected airdrop closing date – are […]
The post Top 5 Neo Airdrops You Dont Want to Miss appeared first on NullTX.
Airdrops have begun playing an integral role in the world of cryptocurrency. These free tokens usually bring some additional value to existing cryptocurrency holders. In the case of NEO, a fair few airdrops are on the agenda for the remainder of the year. The following projects – ranked by expected airdrop closing date – are worth keeping an eye on in this regard.
This particular NEO airdrop is coming to a close on September 17th. Anyone who has not taken part in this airdrop may want to take the necessary steps to effectively do so. Spotcoin is designed to make “digital currencies work for everyone”. The company focuses on both liquidity and direct access. The NEO airdrop is part of the company’s mission to gain initial traction.
The DeepBrain Chain NEO airdrop will run until October 1st, after which it comes to a close. This specific project aims to bridge the gap between artificial intelligence and digital assets. As such, DeepBrain’s native token will be the cornerstone of the world’s first AI industry digital asset exchange. It is always good to get one’s hands on free tokens associated with such a NEO-based project.
At this stage, the exact launch or close date of this NEO airdrop has not been officially communicated by the team. The Next Generation of Advertising (NXAD) is designed to create a peer-to-peer advertising ecosystem for the entire world. It is a very simple concept which seems to reward users for sharing information through a personally generated URL. For every person clicking that link, the person sharing the information will be rewarded in NXAD.
Exact details regarding the RS Coin airdrop remain a bit unclear at this point as well. It is rather interesting to see this project choose NEO for it’s airdrop. It does have support of football star Ronaldinho, which makes this project an interesting choice. A total of 50 RSC tokens will be distributed per person, with a maximum of 30,000 users being eligible to receive this airdrop. Users will need to register their address and get whitelisted prior to participating, though.
Another upcoming NEO airdrop goes by the name of Yezcoin. It is a very interesting concept, especially when considering how the airdrop has been ongoing since September 1st. At this stage, there is no official closing date for the project, although time may be of the essence for interested parties. There is a KYC requirement to participate in this airdrop, though, and only 10,000 users are eligible for the tokens being distributed.
Outside of the traditional airdrops, there are also a few NEO bounty campaigns. These are not included in the list, as their model is a bit different from what most people understand under the term “airdrop”. Regardless, these are exciting times for NEO holders, as a lot of tokens are being issued on this blockchain in very quick succession. Next year will undoubtedly see more of the same, albeit nothing has been confirmed as of yet.
The post Top 5 Neo Airdrops You Dont Want to Miss appeared first on NullTX.
Ethereum soars over 18 percent on the day, as a flush of green spreads across virtually all of the top 100 crypto assets
Ethereum soars over 18 percent on the day, as a flush of green spreads across virtually all of the top 100 crypto assets