Category Archives: Altcoins (Alts)
Source of Image: Populous Medium
One week on from launching v1.0, and ahead of schedule of the new timeline, the team at Populous have been grinding away and are thrilled to announce that v2.0 will open tomorrow at 1800 GMT.
The latest version encompasses new features and functionalities that the developers at Populous are excited for users to explore.
The functionalities of V2.0 includes:
- Bidding on invoices in a crowdsale and outbid peers in real time, either as an individual or contribute to a group that has made a bid to fund the bigger invoices
- Win (or lose) bids and witness the close of auctions.
- Use test Pokens in a simulated environment.
As well the new functions, many issues and bugs have been updated since the release of v1.0
Be sure to continue to read at the source: Populous Medium
Last week we announced and deployed our new version of the dApp code named Omura. So far we’ve had more than 100 loan requests since the release.
Over 3 500 ETH in Decentralized Loans
We have now gone through statistics on the old smart contract which was deployed from December 15th to February 8th 14:00 GMT and our decentralized lending application reached over 3,500 ETH in lending volume over that period. We managed to reach 1,000 ETH in the first four weeks since Alpha 0.2.0 release and the lending volume then rose to 2,500 ETH for a month since then totaling at 3,500 ETH for 8 weeks the version was live despite Ethereum network congestion during January.
Visit our Medium blog to read more details.
Double Lender Bug Refund
On the Alpha 0.2.0 version we came across bug where if two lenders tried to fund a loan at same time the first one to get his transaction through would become the lender and the second one would be counted as first installment of the loan and then receive only part of his ETH, which he tried to fund the loan with back. We’ve called this “double lender” issue and we’ve now went through almost all known cases of this bug and refunded everyone fully for their ETH.
Another bug we and many of our users came across during Alpha 0.2.0 was with user interface where days left to pay timer reverted back to zero even if there was still time left for borrower to pay back the loan. This bug a nuisance but less significant since the smart contract maintained the agreed terms when loan was funded.
It is no secret that global small business financing is hampered by a monopoly vested in the traditional financial system – a monopoly well served by the flaws embedded in legacy systems. This is about to change in an immensely positive and powerful manner.
Source of Image: Debitum Network
Here is an opportunity to learn more about the Debitum Network. How it is about to change the world of small business financing through the utilization of cutting edge blockchain technology. You’re invited to be part of this voyage – a paradigm shift in the way small business financing is done.
The Problem: Centralized SME Financing
To start, maintain or expand a business: You need capital.
Business loans are a way to obtain this essential lifeblood of business, but not all loans are granted. I am sure you know the drill. Even when granted – after an uphill battle and what seems forever – unfavourable requirements and other anti-competitive practices are quick to leave a bad taste in your mouth – not to speak of the hole in your pocket.
Micro, small and medium-sized enterprises (SMEs) are especially vulnerable – they have extremely limited access to credit or capital required to succeed. As mentioned above, this is the direct result of the monopoly the traditional financial system holds when it comes to small business financing – both on a local and global scale – and the flawed legacy systems that serve them.
To give you an idea of the severity of the problem – an estimated 200 million SMEs are either disqualified or underserved by traditional financial institutions. This impacts heavily on the ability of SMEs to grow and expand their businesses, especially on a global basis.
In fact, it is estimated that SMEs in developing countries is staring a $2.6 trillion credit gap in the face. This while many SMEs in developed countries are also having a tough time when it comes to obtaining credit – and at competitive rates.
The Solution: The Debitum Network – Decentralized SME Financing
Where others see a $2.6 trillion+ problem, Debitum Network – a funding platform for SMEs – sees a golden opportunity to build a decentralized financing solution that will effectively serve SMEs when it comes to acquiring small business finance. They intend to make it easier and more cost-effective than ever for SMEs to apply for and receive business loans.
How do they intend to accomplish it?
By creating a self-sustainable ecosystem with a sound token model. It will utilize smart contracts within an environment earmarked by cutting-edge blockchain technology. For example, by giving SMEs access to business loans that would usually require an uphill battle to obtain via traditional financial systems and channels.
Source of Video: Debitum Network
Debitum Network’s focus is on decentralized lending. To state it eloquently, the kind of lending that aims to bypass traditional intermediaries such as banks and investment funds – to break the monopoly the latter hold when it comes to small business finance.
Users of the Debitum Network will be making use of smart contracts to perform steps including risk assessment, insurance and debt collection via global credit sources. Unlike many other projects in the blockchain technology space, a functional MVP (Minimum Viable Product) has already been launched. The MVP demo is accessible through their website.
Source of Image: Debitum Network
Debitum Network aims to make a global impact. To do so, the founders – Mārtiņš Liberts, Donatas Juodelis and Justas Šaltinis – aim to launch the network in up to 50 countries with the worst indicators for access to credit. Once established globally, the Debitum Network will be able to develop further in a self-sustained manner.
Key Principles of the Debitum Network
The key principles of the Debitum Network are:
– The formation of global communities to decentralize the lending process – essentially eliminating anti-competitive forces when it comes to global small business financing.
– Investments and loans will be available in both crypto and fiat (connected by a hybrid) – depending on the operating currency. This will allow the service to be available immediately without delay. All services provided in between will be making use of Debitum tokens (DEB) – ERC223 utility tokens created to be used in the Debitum Network.
– The “Trust Arbitrage” smart contract – a smart contract that will be triggered by each and every activity done on the network. It will provide a trust rating to evaluate intermediaries, as well as providing incentives to members.
Why not simply use Ethereum (ETH) tokens?
Compared to Ether, the advantages of using DEB tokens are that the value of the tokens are only influenced by the activities within the Debitum Network, the tokens can be controlled better, own rules can be set, it can adapt to technology changes far easier (it has no ties to other platforms), and lastly, complex legal compliance requirements can be avoided.
Source of Image: Ethereum Blockchain App Platform
DEB tokens will be awarded in exchange for services provided on the network. These pure utility tokens will also serve as a guarantee to all parties involved that services purchased will be delivered. While no further minting, mining or burning will be possible – beyond the total supply of 400m tokens, the demand for these tokens is expected to increase as their utility value increases and the network effect gets stronger.
How does Debitum Network compare to other Fintech ICOs?
When comparing Debitum Network to other fintech ICOs, like Populous, SALT and ETHLend, the following stands out:
– Availability is not limited to those who already hold blockchain assets, but open to SMEs in developing countries in any currency used and with any available collateral.
– They make use of different counterparties, and therefore create a truly decentralized ecosystem globally.
– DEB token sale is still ongoing, while the above-mentioned competitors closed sales in 2017.
Award-Winning, Experienced Team – Financial and Technology Sectors
Looking at the team behind Debitum Network, it is clear they have solid expertise in the financial and technology sectors. There are 13 members in the core team. In addition to that there are a group of advisors, who are all experienced professionals. Their aim is to keep the team small, and to progress towards an independent operation over time.
Source of Image: Debitum Network
Team members come from two highly successful companies, namely DEBIFO – one of the leading alternative financing platforms for SMEs and INNTEC – one of the most innovative IT companies in Northern Europe.
This award-winning team, made history in October last year when they walked away with both awards in the prestigious ICO Pitch Competition at the leading international conference in decentralization, namely the d10e Gibraltar.
The Opportunity – Debitum Crowdsale – Round B
Not surprisingly, the Debitum Network has got investors and potential users excited. Make no mistake, this network represents a serious challenge to the monopoly held by the traditional financial establishment when it comes to global small business financing.
The Debitum Network already enjoy the support of many, including most notably, the support of the Minister of Economy of the Republic of Lithuania.
$1.2m in funds were raised during Round A of the Debitum Crowdsale in 2017. Good news is that they’ve recently launched Round B of their Crowdsale. This round will run until February 25, 2018 (15:00 London time). This leaves only about 10 days to get involved before the Debitum ICO (crowdsale) closes for good.
Get involved in the Debitum ICO today. Don’t miss the opportunity to be part of a paradigm shift in the way small business financing is done. Decentralized lending is here to stay.
P.S. Do your own due diligence. Be sure to read their whitepaper.
bitJob Teams up with the Dutch Government Blockchain Program to Enrich Students Résumés with a Crypto Flair
After raising $2.7M on its ICO in 2017, bitJob, the company that reshapes the way students make a living, teams up with the Dutch government blockchain program to deploy a pilot in the Netherlands
Tel Aviv, Israel, February 2017– bitJob, the P2P marketplace that connects students and businesses, is announcing today its partnership with the Blockchain projects division inside the Dutch government, to deploy its pilot project in Holland. The marketplace, developed by bitJob, bridges the gap between businesses and students by enabling both sides to offer/look for employment with a technology that promotes honesty, immediacy and robustness.
Founded by three childhood friends in Israel, bitJob enables students to utilize their free time to earn a fast and stable income, a benefit that they didn’t have few years ago. In addition, the website will reshape the recruitment process that HR departments are going through by relying on validated evidence of their demonstrated abilities, rather on their Linkedin profile or traditional CV.
The idea behind bitJob emerged when the executives were university students. Like many students, they were struggling to find sufficient time during their studies to earn a significant income. After graduation, they were faced with a problem that hasn’t been appropriately addressed: students finish their academic degrees and begin their careers without any practical experience. As executives, they have encountered with the pain from the employer’s side: employers take great amount of risks when securing the services of a new employee; The absorption of the new employee in the company, training, assimilation, overhead costs, equipment, etc., are vast – as the employee can give a heads-up and just quit his job.
Employment in the “adult world” has a coherent problem of supply and demand; students lack professional opportunities from the businesses side, and are discouraged from searching for high level jobs that prepare them post graduation. Current job platforms direct students to jobs that aren’t related to their experience or field of study.
By integrating blockchain into the marketplace, bitJob hosts a variety of features including:
- Decentralized Job Market – Members can engage in a direct hiring or bidding process through rules set by both the platform and the participants.
- Decentralized Payment System – The platform will issue payments through PayPal, using cryptocurrencies to measure the value of the service in order to minimize fees by eliminating banks and money exchange services.
- P2P Lending and Scholarships – The businesses and firms collaborating with bitJob, will offer the users with both financial services as student loans, that will allow both sides to build trust. The bonding between the firms and students will enable the blockchain based to minimize the gap for the next generation of talent-pool.
- Uniting 500 Million Students as a new consumer segment – Firms will be able to reach their millennial customers, on a global scale, with one click.
Users will register to the system and offer their services and availability to a personally customized job category based on the users past experience and professional abilities. The student will be actively building his reputation and enriching his dynamic portfolio which is connected to his/her own “name” site.
“The employment market is moving towards online jobs without the need for physical access to offices or factories. We love to call this era the Industrial Revolution 2.0”, says Dror Medalion, Co-Founder and CEO of bitJob. “Working with the Dutch government organization that is in charge of the Blockchain project will help us deploy our pilot project in Holland, enabling students to find employment and transact with small/big businesses across the nation.”
BTCBusinessconsult Update: EtherDelta down for 118 hours plus, Different Exchanges and Discussion
Vincent Briatore Update: Raiblocks Nano (XRB) 170 Million HACK
Source: Vincent Briatore
We are proud to announce our new team member, Savo Lovsin, as a Head of Trading at RIALTO.AI.
Savo is a highly experienced trader with demonstrated experience from the financial industry, particularly from trading, portfolio management and risk management.
His expertise will greatly contribute to the growth of our trading department and help us to further advance our trading strategies. His primary role inside the RIALTO.AI will be leading the arbitrage and market-making team where he will be able to apply his broad spectrum of experience from the financial industry to the developing cryptocurrency industry.
Be sure to continue to read at the source: Rialto.AI Medium
ADA token will be supported in the FINNEY™, the world’s first blockchain smartphone.
Tokyo, February 14th, 2018 – Emurgo (Shibuya, Tokyo, CEO Ken Kodama), announces that Emurgo has a strategic partnership with SIRIN LABS, a pioneer in secure open source consumer electronics, as a part of its global strategy in developing and expanding the ecosystem of Cardano’s blockchain. Cardano’s native token (ADA) will be supported in the world’s first blockchain smartphone, the FINNEY™, which SIRIN LABS is currently developing.
SIRIN LABS, which successfully completed the fourth largest crowdsale in history, raising $157.8 million for the development of the blockchain-based FINNEY™ family of devices which will include an all-in-one PC and the FINNEY smartphone, the the world’s most secure blockchain smartphone. The FINNEYTM is scheduled to launch globally in the second half of 2018.
FINNEYTM will support ADA token
The FINNEYTM smartphone’s cold-storage wallet, which provides seamless user experience for exchanging tokens, and is developed using the blockchain-enabled and proprietary SIRIN OS, will support Cardano’s native token, ADA. Users will be able to use the ADA token as a choice of payment within the DApp store which will come pre-installed on the device.
Partnership in research and development
Emurgo will aid the SIRIN LABS R&D team to integrate the FINNEYTM smartphone with the Cardano protocol, which is currently developed by Input Output HK, a global blockchain engineering company.
Moshe Hogeg, CEO of SIRIN LABS said:
“We are incredibly excited to be able to work with Emurgo on implementing the Cardano protocol into SIRIN OS and our upcoming FINNEYTM family of devices. The availability of the ADA token will undoubtedly enhance the user experience and utility of the FINNEYTMsmartphone, to both crypto enthusiasts and mainstream users.”
Ken Kodama, CEO of Emurgo said
“It’s very exciting that we can work with SIRIN LABS to expand the blockchain industry. Also, it’s great news for the Cardano community that such an innovative smartphone will support ADA.”
About SIRIN LABS
SIRIN LABS, the developer of SOLARIN, an ultra-secure mobile phone – is currently developing FINNEY™, the first open source blockchain smartphone and all-in-one PC. Backed by significant investment from some of the most respected players at the forefront of new technologies, the company vision is to bridge the gap between the mass market and the blockchain economy by creating a simple to use, feeless, ultra-secure standard that will solve the current blockchain pains of security and bad user experience.
Emurgo was founded in 2017 and is a registered company in Japan. Emurgo develops, supports, and incubates commercial ventures and helps integrate these businesses into Cardano’s decentralized blockchain ecosystem. Emurgo is investment focused and invests in two ways: through direct investment into start-up ventures; and by developing commercial partners who want to use blockchain technology to revolutionize their industries.
Cardano is a decentralised public blockchain and cryptocurrency project and is now a top-5 cryptocurrency by market capitalisation. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.
The Crypto Lark Update: Populous / PPT Review – Blockchain Invoice Financing
Source: The Crypto Lark