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Category Archives: Crypto Uses (Crypto Applications)

Populous Update: Beta v2.0 set to release 16/02/2018

Populous Update…

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

ETHLend Update: ETHLend Alpha 0.2.0 Lending Volume Update and Bug Refund

ETHLend update…

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.

Both of these bugs have been fixed for Omura. Visit our Medium blog to read more.

Place a loan request by installing Metamask and browsing to the decentralized application at https://app.ethlend.io. Press help for instructions or chat with us.

Start Lending Now

Join our almost 18K member Telegram Communty: https://t.me/ETHLend
Stay up to date with the project join Announcement Channel: https://t.me/ETHLend_Official

Discuss on Telegram

Global Small Business Financing: The Debitum Network Solution

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.”

Vincent Briatore Update: Raiblocks Nano (XRB) 170 Million HACK

Vincent Briatore Update: Raiblocks Nano (XRB) 170 Million HACK

Source: Vincent Briatore

Cryptobud Update: Is Debitum better than Populous PPT? Missed out on PPT?

Cryptobud Update: Is Debitum better than Populous PPT? Missed out on PPT?

Source: Cryptobud

Rialto.AI Update: Savo Lovsin, New Head of Trading at RIALTO.AI

Rialto.AI update…

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

The Crypto Lark Update: Populous / PPT Review – Blockchain Invoice Financing

The Crypto Lark Update: Populous / PPT Review – Blockchain Invoice Financing

Source: The Crypto Lark

Altcoin Buzz Update: Altcoins of the Week By Altcoin Army Cryptocurrency Community

Altcoin Buzz Update: Altcoins of the Week By Altcoin Army Cryptocurrency Community

Source: Altcoin Buzz

FUSION completes a successful crowdsale, showing the strength and vitality of its new public chain

The FUSION public chain, which builds on inclusivity and balance in its community, has attracted over 126,000 ETH in a successful crowdsale

Singapore, February 2018FUSION, (https://FUSION.org/), the Foundation, that focuses on creating an inclusive cryptofinance platform to solve the barriers hindering the widespread use of blockchain technology in finance, announces today the successful completion of its crowdsale, with over 126,000 ETH (worth 104M USD today) committed by participants. FUSION hit the crowdsale’s cap in the first 24 hours, and has concluded the crowdsale today with an oversubscription of 2.5 times of its hard cap. As per the crowdsale’s unique mechanism, contributions over the cap have been returned to participants. FUSION is creating a system that can connect a variety of tokens, enabling complete financial functionalities that have not yet been explored using blockchain technology.

The FUSION Foundation has a strong commitment to support and foster its community, proven by the success of the new crowdsale mechanism. Nicknamed the “FUSION-type ICO,” this method not only allows everyone who would like to participate to do so but also eliminates Gas Wars and supports a good balance between small and large investors. Some further findings from this crowdsale have been:

  • Contributions came from over 7,000 unique addresses (some of which made repeated contributions during the crowdsale).
  • An overwhelming response to FUSION’s Community Partners Program, for which more 13,000 people from over 130 countries registered prior to the start of the crowdsale.

The FUSION Foundation aims to make smart contracts really smart, and actually usher in an era of cryptofinance. FUSION is the first public blockchain to provide a tangible solution for all digital currencies, constructing a truly connected financial ecosystem, and helping blockchain progress from a great theory to a practical system.

FUSION addresses the compatibility of cryptofinance, as the FUSION blockchain will support both tokens that already exist, and those that will be issued in the future. By solving pitfalls like this, FUSION allows smart contracts to interact with various parties despite the variety of tokens used to form them. For example, the platform can support applications offering multiple currency risk free loan system, by which users can apply for a loan in one form of token, and pay it back with another.

“We are extremely excited about the success of the FUSION Crowd Sale,” said Dejun Qian, Founder of FUSION, “However, it’s not only the monetary success that matters, but also how that success occurred. FUSION has a strong community backing it, because of the different features our public blockchain offers. Rather than our crowdsale hitting its cap because of a small number of large ‘whales’, we have the support from a community that truly believes in the project we will build, and that’s just as much a success as raising $50 million.”

About

Founded in 2017, FUSION provides a comprehensive solution for integrating cryptocurrencies that exist today and ones that will be issued in the future by connecting centralized and decentralized organizations, balancing authentication and anonymity, and integrating both on-chain and off-chain data. FUSION utilizes distributed bookkeeping nodes to control various types of tokens’ private keys, and establishes a control and management layer on top of different types of blockchains.