Starbase Presale Shows the Massive Demand For Blockchain Integration

Source : Starbase Presale Shows the Massive Demand For Blockchain Integration Though initial coin offerings, or ICO, have been around for several years, 2017 is the year where they really decided to take off. There has been tremendous growth in ICOs the past couple of years, with a large majority of it coming this year. Time will tell what will happen in 2018, but even if the growth continues at a moderate pace, ICO investors are in for one wild ride. As is expected, not everyone is a fan of ICOs. Some are quite critical of them. One of the reasons is because of scam ICOs. If a company raises money for a product that hasn’t been created, where’s the incentive to actually create the product? The cash flow is already there–why the need to go and develop it? Another reason is the perceived inaccessibility of ICOs. Those who aren’t familiar with blockchain technology or even the concept of ICOs feel like they’re missing out. This isn’t to say that blockchain companies aren’t reaching out to potential investors, they are. But perhaps something needs to be done to kick ICOs into their top gear. One idea floated by several companies is to create a blockchain platform that actually automates large parts of the initial coin offering process. These platforms, which run off of blockchain platforms themselves, provide the resources necessary for any company–blockchain based or not–to participate in an ICO. One company that is pioneering this type of blockchain platform is Starbase. The sale can be accessed via their website. The demand for such a platform is substantial, as evidenced by the Starbase presale which was completed with great demand. Starbase’s own crowdsale begins on November 9th and runs until the 24th. Blockchain Technology Paves the Way for ICO Integration The genius of these platforms lies in their ability to create blockchain based infrastructures which easily integrate with a company’s products and business objectives. Those without any blockchain, coding, or software experience can fully participate in ICOs by running their crowdfunding through a designated blockchain infrastructure. The barriers to entry are removed, creating an easy experience where the technical aspects of the ICO are taken care of. Additionally, these blockchain platforms provide companies with a way to find and hire short-term human capital. By creating a decentralized marketplace, companies can list projects or tasks that need to be completed before a product or service is launched. A company’s core teams can get immediate help for any quick jobs they need to be completed, while investors are given a way to participate in the growth of their investment. Once a task or project is completed, hires are paid in cryptocurrencies like Bitcoin or Ethereum, but they may also choose to receive the coins of the platform they assisted with. From the beginning, these investors will have a deep interest in the success of the company. As an added benefit, companies can cut down on middleman costs and longer-term hiring costs by …

Plus…Starbase Presale Shows the Massive Demand For Blockchain Integration

BlockStarter CTO on the ICO Boom: Lots of People Want to Invest, Few Want to Understand

Source : BlockStarter CTO on the ICO Boom: Lots of People Want to Invest, Few Want to Understand These days, the ICO market is booming. Companies come up with more and more synonyms for this notion: crowdsale, token sale, contribution campaign, and so forth. Even those who have never been related to cryptocurrency, let alone invested therein, weigh on launching a token sale for different purposes. The market is still expanding, and most new ICO’s, whatever they are called, use Ethereum-based solutions to issue their tokens and roll out smart contracts.  Some companies hire blockchain / smart contracts experts to close the conceptual and technological gap, others attempt to do everything themselves, and some others even hire specialized companies to develop a customized solution for their purposes. The hype around ICO’s has not subsided even after the notorious SEC decree that bans all such campaigns in case they don’t meet their requirements. Bitcoinist talked with Andrei Stehno, CTO and co-founder of Blockstarter, the company developing a comprehensive platform that enables anyone to create and hold an ICO.  There is some scarcity of such solutions on the market right now, so they hope their solution would be of use. [youtube https://www.youtube.com/watch?v=lfVeCiq_cSI?feature=oembed&w=500&h=281] Bitcoinist: Is Blockstarter some sort of an ICO lego? How did you come up with this idea? AS: I wouldn’t say it’s really a lego, but it’s an erector set all right. Our solution doesn’t require some in-depth knowledge of crypto technologies or smart contracts to issue a token or generate a contract. It’s not that difficult to use a regular computer interface, and lots of people do that without knowing the internal workings of a machine. It doesn’t require them to have a profound knowledge of software engineering, or any knowledge at all for that matter. Our concept mainly seeks to do the same for token sale campaigns. If you analyze the entire process sequentially, you can understand how to make everything way simpler. You just need to create a comprehensible and manageable interface for an average computer user who knows the ideology but is not that tech-savvy. The need for such an interface doesn’t pertain solely to ICO’s. That’s the common problem of the entire cryptocurrency industry. That is one of the reasons why it still can’t reach the general public. Bitcoinist: So you think such a solution will be demanded? AS: We think it’s more than a demand, it’s actually needed. Take a look at announcements of ICO’s these days. Literally, thousands of new campaigns kick off every week. And it’s a truly rare occasion when they don’t use an ERC20 token or some other Ethereum-based solutions. Bitcoinist: So, in fact, you’ll enable anyone to hold a token sale? Aren’t you afraid your solution will become a dreamboat for scammers of all sorts? AS: We can argue a lot as to whether one needs to raise money in order to raise more money over a token sale later. What goes without any doubt is that none of …

Plus…BlockStarter CTO on the ICO Boom: Lots of People Want to Invest, Few Want to Understand

Decentralized Sports Betting Platform, EtherSport, Announces ICO

Source : Decentralized Sports Betting Platform, EtherSport, Announces ICO The decentralized sports betting platform, EtherSport, has announced the launch of its ICO, which is set for November 13th. [Note: This is a press release.] EtherSport is raising funds through the issuance of its native ESC token, as a means of funding its roadmap and day-to-day operations. Ethersports’ goal is to create an innovative and transparent betting platform for sports events through the use of Ethereum smart contracts. One way they plan on doing this is through their ‘Ethersports lottery,’ which involves people guessing the exact result of a sports event — something they claim no one can influence. The platform will offer two main products: “Lottery 11,” an innovative online sports lottery platform, and something similar to a a P2P betting exchange that will give players an option to do either one-on-one or one-against-all bets. The lottery mechanism is handled via the Ethereum smart contract process, which affords participants completely fair and transparent results, avoiding unnecessary risks and scams. Because the platform leverages both blockchain tech and smart contracts, payouts will be instantaneous and transparent — all without having to fear scams or corruption because of the lack of third-party involvement in the process. “We decided to make a perfect match between traditional online sports betting and cutting-edge technologies, namely, blockchain and smart contracts, to guarantee the fairness and full transparency of the process,“ says Alex Tsymbal, CEO and Co-Founder of EtherSport. “The platform provides equality for each participant in the system, and smart contracts guarantee the fulfillment of all conditions and payouts.” The platform also guarantees unlimited winnings, with no limitations on betting amounts. Fast withdrawals, streamlined and easy registration with minimal personal information, and data about users will avoid third-parties. EtherSport guarantees ease-of-play as well, with its simple lottery system. EtherSport will launch its Lottery 11 for testing early into Q1 of 2018. This will allow for preliminary, unsimulated testing. Shortly after this, Lottery 11 will be released fully, allowing users to wager ESC tokens on events. By Q2 of 2018, P2P betting will be enabled, whereby players can bet against each-other. EtherSport ICO To raise funds for the ongoing development of the platform and project, EtherSport will issue its native ERC20 Ethereum-based token – EtherSportCoin (ESC). ESC tokens can be used within the platform to buy the lottery tickets, as a way to earn (15% of the money raised from each lottery), or as a speculative commodity to trade on major exchanges. 100,000,000 ESC tokens will be created, with 70% of these being distributed within the pre-ICO period (November 13th to November 19th) and the main ICO (November 20th, to December 20th). More detailed description of the EtherSport project, clear roadmap, profit distribution, and ICO stages are presented in the white paper, which is publicly available on the website. Additional links with information about the project can be found below: Visit the Ethersport Website here to learn more: https://ethersport.io Read the Whitepaper in English here: https://ethersport.io/whitepaper.pdf Read …

Plus…Decentralized Sports Betting Platform, EtherSport, Announces ICO

SALT Lending Phishing Scam Alert

Source : SALT Lending Phishing Scam Alert Update received from SALT Lending… Dear SALT Members, Security Update It has come to our attention that there is currently a phishing scam circulating. Please avoid any website and twitter account claiming a SALT airdrop promotion. Our security team is addressing the issue. Thank you, The SALT Team

Remove Limits when Exchanging Digital Currencies with Cointal

Source : Remove Limits when Exchanging Digital Currencies with Cointal Digital currencies are bound to revolutionize the financial market, yet at this time, exchanging coins for fiat and vice-versa isn’t straight-forward, and often requires users to share personal information as per know-your-customer (KYC) policies, respect deposit and withdrawal limits, use specific payment options, but also deal with lack of security, slow customer support and no transparency. Disclosure: This is a Sponsored Article This slows down the digital currency ecosystem and is a barrier to the free-trade principles that the market strives for. Cointal represents the first multi-cryptocurrency peer-to-peer (P2P) marketplace where users can buy or sell Bitcoin, Ethereum, Ripple, and Litecoin, without needing to face the issues addressed above. Cointal will help revolutionize the market, as it gives users the possibility to easily exchange their coins by bypassing traditional exchange rules. As it is a marketplace rather than an exchange, Cointal doesn’t have to abide by the same regulatory issues that exchanges often face, thus giving users access to a quicker, more privacy-oriented and safer way to purchase and sell cryptocurrencies. With this in mind, some of the best features associated with Cointal include, but are not limited to:    Escrow and feedback system The fastest transactions thanks to their BitGo wallet    Absolutely no deposit or withdrawal limits applicable for any currency    Live chat, phone and ticket-based customer support team    Great security practices and an anti-hacking platform to keep your coins safe    Worldwide, transparent service    Lucrative affiliate program Cointal’s services are straight-forward. When buying a digital currency, users will have to search for a seller that meets their requirements, post a purchase offer, make the payment through the multi-signature escrow system, and then get access to their newly-purchased coins. The process is similar for sellers as well. Simply post an offer and wait for a buyer to purchase your coins. Safety is the number one priority of the service, therefore scamming attempts aren’t possible here, thanks to the escrow service provided. Free insurance is also provided for hacking and phishing attempts. As part of their continuous development, Cointal has recently announced that they’ve scheduled the launch for 11 additional digital currencies including IOTA, NEM, Bitcoin Cash, Dash, Ethereum Classic, SiaCoin, Bitcoin Gold, and Monero,  a ‘Pay with Cointal’ button and marketplace similar to that of Amazon. Soon enough, the website will get a big redesign and even more services will be offered. Cointal was entirely funded from the pockets of its creators, with no ICO, or investment round being held so far. Those who wish to learn more about Cointal and its services can check out the website, alongside the explanatory video, and start selling/buying digital currencies.

Two Popular Hardware Wallet Firms Reveal Segwit2x Fork Plans

Source : Two Popular Hardware Wallet Firms Reveal Segwit2x Fork Plans This week two well-known bitcoin hardware wallet manufacturers, Satoshi Labs (Trezor) and Ledger Wallet, revealed their contingency plans for the pending Segwit2x fork that may take place in nine days. Both companies explain they will support both chains and tethered tokens if there is a split and provide a tool for the splitting process. Also read: CEX.io and Unocoin Announce Fork Arrangements Satoshi Labs Trezor Models Will Support Both Chains The hard fork announcements keep piling up as block 494784 approaches with many cryptocurrency based businesses revealing their plans. On November 6 the two hardware wallet companies Satoshi Labs and Ledger explained how the firms would handle the upcoming fork. Satoshi Labs explains Segwit2x is a proposal to fork the network by increasing the block size to 2 MB. The company says the fork “is a contentious hard fork” that will likely result in a split. However Satoshi Labs explains Trezor wallets will support both chains calling the Segwit2x token “B2X,” and wallet owners will receive a 1:1 distribution if a split occurs. “If you have held BTC on your Trezor before the fork, you will own the same amount of BTC and B2X after the fork — With Trezor, you own your private keys (in the form of the seed), therefore you have control over all of your coins, including forked coins,” explains Satoshi Labs. The Prague-based firm explains their users need to be careful sending transactions during the fork due to Segwit2x’s lack of replay protection. Additionally, Satoshi Labs will provide a splitting guide and tool for users looking to obtain B2X within the platform’s beta version.    “B2X will use the same address format as Bitcoin,” Satoshi Labs notes. “However, Trezor will generate B2X addresses with a different derivation path.” When transacting, please make sure you are sending the right coins to the correct chain. Ledger Wallet Will Also Support Both Chains The France-based Ledger Wallet also says it will support both chains and the associated tokens if a split happens. Ledger explains users should be precautious about sending transactions during the fork and says users should “wait until the dust settles.” “As for the previous bitcoin cash fork, we’ll let our users trade on both chains and split coins easily, even if the ride might be slightly more bumpy due to the fact that Segwit2x was not initially designed to cause a split,” details Ledger’s fork announcement. For the sake of clarity and as different actors might name a different chain “Bitcoin” during the fork and some time after, we’ll call in this article the current Bitcoin chain Bitcoin-1x and the potential Segwit2x chain Bitcoin-2x. Ledger also details the company’s wallet platform will display a warning if a user’s transaction is vulnerable to replay attacks. At that point, the platform will ask the user if they want to split the coins or they can choose to bypass the warning as well. Additionally Ledger will offer both …

Plus…Two Popular Hardware Wallet Firms Reveal Segwit2x Fork Plans

GoldenShield ICO Aims to Hack North Korea

Source : GoldenShield ICO Aims to Hack North Korea We have seen many interesting cryptocurrency ICOs so far. Most of these business models seem to have some form of merit. There are also currencies which are clearly designed to have no value, with their teams being transparent about this fact. It is hard to fit GoldenShield into either of these categories, as it almost appears to be a scam project. Its business model revolves around North Korea. It’s not something anyone should get involved with or invest in. GoldenShield Sounds Like a Scam First of all, it is perfectly possible the GoldenShield team has nothing but honest intentions with their initial coin offering. At first glance, that certainly doesn’t appear to be the case, though. The website is pretty sparse and it seems their “objective” will raise a lot of questions. In fact, one could argue this business model doesn’t even warrant an ICO in the first place. Nor should anyone partake in this investment either, based on what little information we have available. We know there are state-sponsored hacking collectives all over the world. Governments in various countries hire specialist hackers to target the infrastructures of their “political enemies”. North Korea certainly seems to play its part in this regard, even though most relavent information remains somewhat incomplete. Attacking North Korea through an ICO-funded hacker collective simply makes no sense whatsoever. It will only create legal issues for anyone involved in this project. After all, that seems to be the main objective of GoldenShield. The website claims that the project aims to “open up the North Korean network”. Decentralizing activism is a noble thought, but it shouldn’t be achieved by purposefully hacking regimes which will only retaliate in a much larger capacity. No one knows what North Korea is capable of exactly, especially in the world of cyber espionage and hacking. The country seems to target virtually everything, from the US government to South Korean cryptocurrency exchanges. While it is commendable GoldenShield wants to be the first activist cryptocurrency, there is no real reason to create such a token. After all, activists can use any of the existing cryptocurrencies or digital tokens in circulation already. GoldenShield’s token will offer no additional value in this regard whatsoever, nor does it seem to have any chance of appreciating in value. Without any business model whatsoever, demand for these tokens will not increase in the slightest. Under the hood, GoldenShield claims to use the IPFS network and the Ethereum blockchain. This mainly pertains to the native token rather than any infrastructure used by the project itself, though. It is unclear what people can really expect from this project or what its long-term goals are exactly. With so many questions and very few answers, the future is shrouded in shadows for this particular ICO. It’s not the most appealing investment model whatsoever; that much is certain.

Fake WEX Emails Advertise Ponzi Schemes and Bitcoin Doublers

Source : Fake WEX Emails Advertise Ponzi Schemes and Bitcoin Doublers Fake WEX Emails Advertise Ponzi Schemes and Bitcoin Doublers Ever since BTC-e rebranded to WEX, someone has been purposefully trying to discredit the company. More specifically, someone is faking emails from WEX in an attempt to defraud cryptocurrency users. So far, we have seen several attempts to make people send Bitcoin or partake in a… The post Fake WEX Emails Advertise Ponzi Schemes and Bitcoin Doublers appeared first on Altcoin Today.

Calling an ICO a Crowdsale Doesn’t Make It Less of an Initial Coin Offering

Source : Calling an ICO a Crowdsale Doesn’t Make It Less of an Initial Coin Offering No one can deny initial coin offerings have become increasingly popular as of late. While a lot of companies have successfully raised money this way, regulators all over the world are looking into the matter as well. This has forced some companies to label their ICOs in a creative manner. However, any professional company will call a spade a spade and not a tool used to dig dirt out of the ground. A Polished ICO is still an ICO in the end No matter how creative some ICO projects get with their wording, no one can deny what an initial coin offering is exactly. It is not just the money-raising aspect that matters here. Anyone can do a perfectly legitimate crowdfunding campaign using cryptocurrencies without being considered an initial coin offering. It is the way that investors are rewarded which makes a project either a crowdsale, a crowdfunding campaign, or an initial coin offering. The differences may be subtle, but they can’t be dismissed whatsoever. What makes an initial coin offering an ICO is the way teams or projects create a new digital token out of thin air and attribute some value to it. Investors are rewarded these digital tokens in exchange for their monetary contributions. This concept has been around even before Ethereum was created. A few years ago, we saw various companies raise Bitcoin and reward users with new colored coins that were proprietary to the platform or service being created. ICOs are a lot “older” than most people assume, and it doesn’t matter which blockchain is used to create the tokens either. One recent Facebook conversation shared on Reddit shows how creative some teams are getting. In this particular case, it seems the team – Paragon, by the look of things – is trying to tell people that they are not an ICO whatsoever. Rather, they conducted a pre-sale and a crowdsale later on. This juggling of words means very little when the method utilized is still that of an ICO. Just because they may not officially use that wording doesn’t mean regulators or the general cryptocurrency community won’t label these activities as initial coin offerings. After all, the definition of an ICO revolves around creating native tokens and offering a prospective return on investment. An ICO and a crowdsale are virtually the same thing, although not every crowdsale will be an ICO. Without making things too confusing, issuing a new token and selling it in exchange for investors’ money will always be considered an ICO. That doesn’t mean the token in question is a security, but that is a different debate altogether. In a way, it is not entirely surprising most ICO projects don’t wish to be associated with the initial coin offering world. With regulators taking a very close look at every company in this space and the money they raise, projects are trying to distance themselves from this industry. Using different words will not achieve this goal whatsoever. To avoid the ICO label altogether, projects …

Plus…Calling an ICO a Crowdsale Doesn’t Make It Less of an Initial Coin Offering

Qchain’s Forward Advancement Amid the Changing World of ICOs

Source : Qchain’s Forward Advancement Amid the Changing World of ICOs Alongside Bitcoin’s meteoric rise in global interest and price has been a frenzy of activity around initial coin offerings (ICO). According to the online coin offering tracker Coinschedule, in 2017 alone there have been nearly 250 ICOs collectively raising over $3 billion. This heightened interest combined with the potential for lucrative returns has prompted fears in some investment circles that we are facing a bubble. Indeed, the bubble seems to have already popped to some extent, with far fewer ICOs hitting their target raises than they were a few months ago. Today’s ICOs are being initiated by funding-hungry startups, often with a blind eye toward any sort of regulatory due diligence. As a result, this wild and reckless approach has raised the eyebrows of the U.S. Securities and Exchange Commission (SEC) among other regulatory bodies worldwide. The SEC, in fact, has opened a new cyber unit for cryptocurrency violations to address the proliferation of these campaigns. What’s problematic here is the lack of compliance guidance with respect to ICOs relative to crowdfunding regulations or federal securities law. This prevailing environment has ignited calls for stricter oversights addressing scams and “pump and dump” schemes that are now infiltrating this space. Startups have an enormous amounts of wiggle room when forming an ICO token. Unfortunately, many of these campaigns are launched with little more than a hastily constructed website and white paper with the company’s core product rarely battle-tested by real users. This heightens the notion that reaching cash rich startup status does not ensure product success. Once acquired by investors, ICO tokens can then be exchanged in a secondary market for liquid value. In the meantime, shareholders (mostly founding members and lead developers) often lay claim to 10 or 20 percent of the initial tokens tied to a vesting schedule. It’s the outside token investors that are often at risk as they, at times, find themselves subjected to “pump and dump” and other nefarious schemes, harming the overall integrity of the crypto landscape. Navigating the Ever-Evolving ICO Landscape Wally Xie, CEO of Qchain, an emerging digital marketing, advertising and analytics platform seeking to leverage the strengths of both NEM and Ethereum blockchain protocol, said that that while know-your-customer (KYC) compliance really hurt his company’s recent ICO, he felt that it was a necessary sacrifice to make in terms of long-term legitimacy and the safe development of Qchain in the U.S.   “We are finding that we perhaps made the wrong move by targeting the cryptocurrency community at large, rather than negotiating with ‘whales’ from the outset,” Xie said. “We’ve also faced lots of legal challenges, such as having to do stringent KYC to comply with U.S. regulations, since lots of money laundering is also happening in the space.”   Xie noted that similar issues involving integrity and credibility are plaguing the industry his company is taking aim at, namely, native advertising. He said that as that industry’s expansion leads to …

Plus…Qchain’s Forward Advancement Amid the Changing World of ICOs

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