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EcomToken: The Ecom Platform Born To Simplify The Operation With Crypto
Global adoption takes its course and continues to expand a new trend shift. In the age of data, privacy, and other Internet-related issues, we are witnessing a progressive crypto boom during 2019 that focuses on simplifying and expanding ecosystem services and applications. In this line of events, the Ecom platform presents version 4.0 of its wallet. For those interested in downloading, it can be found in the App Store (iOS), Google Play (Android), and APK File (Android). The wallet is compatible with the storage, reception and sending of contrasted cryptocurrencies and tokens, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Binance token (BNB), 0x (ZRX), Maker (MKR), Basic Attention Token (BAT), Huobi Token (HT) and VeChain (VET). It also has secure, stable tokens (stablecoins) such as True USD (TUSD) and USD coin (USDC). In addition to offering a range of pairs that will grow progressively, the wallet is compatible with cash withdrawals, receipts, and other functions including exchanging with the ECK token quickly. All complicated operations become waiting-free and straightforward for users, thanks to a system managed by artificial intelligence (AI) and EcomToken’s smart contracts. Automated technology for fast order management with BotTrader Through the Ecom wallet, the platform can tokenize all products bought and sold in the system; mainly thanks to the exchange pair in its native ECK token. The ECK/BTC swap pair will provide a good part of the liquidity and will activate the artificial intelligence gear that makes quick exchanges happen. This type of automation guided by smart contracts will feed an entire order network that will make the BotTrader service possible. BotTrader offers an easy way to manage a wide range of orders. From placing a single order to thousands of them; by this, we mean wholesale orders (whether buy orders, sell orders or both). By offering this service, scanning low point purchases on all pre-programmed exchanges are automated. Combined with automatic market scans, BotTrader also scans the upside outlets on those exchanges. When there is a price difference, the opportunity to arbitrage the price appears, and BotTrader performs thousands of trading orders at both ends with the price difference. Therefore, BotTrader not only facilitates maximizing the profit potential for the users but also has liquidity characteristics for the user’s portfolios. Virtual and physical cryptographic card By obtaining a reliable and instantaneous liquidity base, the system will support the payment network planned in the technical documentation. On society, we can see how the cash in bills and coins is beginning to be margined. Smart device wallets and personal bank cards capture a large percentage of the total spend on normal operations. It is for this reason that a system designed to support thousands of operations needs simplification in the use of stored funds. The ecosystem is designed to be able to withdraw funds from the portfolio at any time. Either through withdrawals or payments. When it comes to payments, Ecom’s virtual and physical cryptographic card offers the versatility and convenience of everyday life. Linked to its platform account, it provides the comforts of traditional systems; so the adoption barrier seems to fade over time. The distribution and technology of the ECK native token The native token of the project is the ECK token, being a utility type token. The platform focuses on trade and therefore will not own a blockchain itself, has been chosen Ethereum, being the most adopted for platforms of its kind. As a utility token under the ERC20 standard, it offers general uses to release every one of the platform’s functions. For a fair and equitable distribution, a token acquisition plan and percentages assigned to the token sale, reserve, reference program, core team, partners, and advisors have been devised. The total market offer is 101 million ECK tokens distributed based on the following proportions: · Tokens are offering — 38%. · Referral Program — 25 · Reserve — 22%. · Team, partners, advisors — 15 Allocation of the funds collected in the sale of the token An internal fund allocation plan accompanies the distribution of the tokens described above. This plan is posted both on the website and in the corresponding technical documentation. We proceed to break it down: · Technological development 15%. Technology, products for the platform, new products, and updates of ecosystem characteristics. · Commercial development 15%. This is one of the pillars of the project, even more so in the newly created company phase. It is orienting to implement a brand image recognized, respectable, modern, and backed by an active user base and constituting business development by building value-added joint ventures with industry leaders. · Marketing 10%. Global promotion and orientation of the EcomToken ecosystem. It also ensures visibility in the sector. · Operations 40%. Active financing of the necessary operations and legal bases, as well as advice, are required to start. The planned robust infrastructure will lay the groundwork for a stable future for the ecosystem in the medium and long term. This ranges from liquidity for automated operations to the maintenance of excellent performance, legal assistance, and customer support. · Ecosystem development 20%. The secured funds guarantee the complete development of the Ecosystem offer the peace of mind of remaining outside the funds allocated for liquidity and other diverse goals. Therefore, developers and ancillary teams will be able to stay focused on the development and implementation of a seamless global ecosystem. Can the native ECK token be mined? The issue model of the ECK token is not linked to PoW mining. Instead, Token Holders will be encouraged to maintain them through a daily interest. Platform users can deposit ECK tokens into EcomToken’s portfolio to enjoy the resulting calculated interest regularly. This model promotes the adoption of the token by withdrawing it from the markets to the user’s portfolios. This and other initiatives seek to establish a strong base of users and early holders. To calculate the daily interest to be received, the value of the conversion to US dollars (USD) will be taken as a reference; that is, the ECK/USD pair will be calculated. According to this exchange rate, the daily interest to be received will be calculated. Note that the reference source for obtaining the price will be taken from the metrics publicly exposed in Coinmarketcap.com. Partners: ECK Tokens will list on big Exchanges on Coinmarketcap as: Sistemkoin, BTC-Alpha, Bancor, WhiteBit, Probit, Token.Store… Investors and traders can trade ECK when listing · EcomToken Web — https://ecomtoken.com/ · Telegram — https://t.me/globalecomtoken · Twitter — https://twitter.com/TokenEcom · Facebook — https://www.facebook.com/global.ecomtoken · Youtube- https://www.youtube.com/channel/UCKyjFWsd1VNxZx_wgCO4WzA BOUNTY : Video Review and make Pictures Get 5 ECK for make Pictures with Screen ecomtoken website/EcomToken app Get 8 ECK for make Pictures with your friends (from 3 friends) with screen ecomtoken website/EcomToken app Get 10 ECK for make Pictures with your friends (from 5 friends) with screen ecomtoken website/EcomToken app Get 20 ECK for make video review ecomtoken projects (say where are you from, how old are you, and why you interesting in EcomToken Special: Top 3 awards for the most votes from the organizers: In Pictures 1 Prize 1: 100 ECK 2 Prize 2: 50 ECK 10 Prize 3: 10 ECK In Video Review 1 Prize 1: 500 ECK 2 Prize 2: 200 ECK 10 Prize 3: 100 ECK Please submit your works in the submission form: https://drive.google.com/open?id=1niidisZ2wRMaMZaPtqKNL6N9XyX6NUVSlvagwEUgZgk Spreadsheet: https://drive.google.com/open?id=1ymfm58X0eiIsljD1duCLSl2KkLMcn0hrlkXPdB8mMNs
Cryptocurrencies mixed this morning after yesterday's rally, study released suggesting hard-forks weaken market's stability
Austin, Texas is working on a blockchain-based identification system that is geared towards helping homeless individuals keep track of important documents, like birth certificates, social security cards, and other identification documents. City officials cited that in the past, they have had difficulty providing aid to homeless people, as lack of identification has been one of the biggest deterrents. The city of Austin has been working closely with the University of Texas’ Dell Medical School and Austin-Travis County’s Emergency Medical Services on the project.
Seasoned blockchain researcher, Vlad Zamfir, claims to have created code for a successful proof-of-concept idea at Ethereum’s hackathon, EthBerlin. Zamfir worked with several other developers, including Tim Beiko and John Marlin, in creating code demonstrating how Ethereum shards could one day circulate on the blockchain. Sharding is an experimental scaling solution that alleviates the strain of a grown network by breaking the blockchain into smaller units, known as shards.
Brae browser, an open-source blockchain-powered browser developed by Mozilla co-founder Brendan Eich, has filed a privacy complaint in Ireland and Britain against Google. Brave’s complaint states that Google and the online advertising industry practice “wide-scale and systematic breaches of the data protection regime.”
Coinmarketcap may allow users to vote on what assets to track after Bitcoinist reported a scandal with exchange platform Binance involving extremely high listing fees and lack of adherence to decentralized principles. Coinmarketcap was also forced to remove South Korean crypto exchanges from price data after excessive volatility in local markets last January. Coinmarketcap may see user voting as a solution to these scandals.
Homero Joshua Garza, CEO of GAW Miners, was sentenced to 21 months in prison after defrauding investors, according to the Hartford Business. Garza received this sentence after pleading guilty to a wire fraud charge that related to the creation and sale of a scamcoin, PayCoin. The CEO of GAW Miners will be forced to pay USD$9.2 million in restitution to investors.
IBM announced Thursday that it has joined a decentralized cross-blockchain registry initiative, known as the, “Yellow Pages for Blockchain Projects.” The initiative, known as Unbounded Registry, is led by blockchain startup HACERA and aims to “provide a decentralized means to register, look up, join, and transact across a variety of blockchain solutions.” Other members of this initiative include some big players, like Huawei, Batavia, Hitachi, and the Australian Blockchain Association.
Initial Coin Offerings (ICOs) have sold three times as much Ethereum (ETH) in the past ten days as they did in the entire month of August, according to research by TrustNodes. Over USD$33 million of ETH tokens were sold, with more than half of that coming on September 4, which was followed by a sharp decline in crypto markets.
Large Japanese financial company, SBI Holdings, is preparing to launch a payments application for both iOS and Android that would be powered by Ripple’s distributed ledger technology. The application would enable customers to execute transactions 24-hours a day by using either a phone number or QR code, with the main goal being to eliminate time constraints associated with traditional banking methods.
Mike Novogratz, founder and CEO of crypto investment firm Galaxy Digital Capital Management, said in a tweet Thursday that he believes the crypto market has reached a bottom. In explaining his reasoning, Movogratz cited that yesterday, the market touched a low seen late in 2017 and immediately rallied. Novogratz believes the crypto market is retracing its breakout that caused the cryptocurrency boom in late 2017/early 2018.
Oak Ridge Institute for Science and Education fellow, Benjamin Trump, published a paper reviewing the state of cryptocurrency “forks” after investigating over 800 soft and hard forks from Bitcoin. The study suggests that stability in cryptocurrencies are hurt mainly by hard forks. Trump also argues that governance challenges seen in cryptocurrencies can have an effect on people’s trust in cryptocurrencies, hurting its capacity to serve as a reliable vehicle of exchange.
R3 hosted its annual gathering of the Corda platform community known as CordaCon 2018 in London over the past two days. The event saw a huge spike in demand from last year's registration numbers, seeing over 1,100 registrations in just two days. Corda runs Corda Marketplace, a ‘pseudo app store’ where users can discover new partners to help build decentralized applications on Corda’s blockchain.
Robinhood, the low-cost investing app that is popular with millennials, sells users’ data to other financial companies, according to their 2nd quarter SEC filing. The SEC filing reveals that Robinhood profits millions from selling its users’ data to high-frequency trading firms. A report on Seeking Alpha goes on to suggest that Robinhood’s sale of customer data may be a conflict of interest and bad for its customers.
A study conducted by Coin Telegraph reveals that Bitcoin mining energy consumption is not as intensive in summer months compared to the rest of the year. The study attributes more expensive electricity costs in summer months as the reasoning for crypto mining seeing less energy consumption growth over that same time-period. Bitcoin’s Proof of Work validation process has faced criticism in the past, as Bitcoin mining uses about as much electricity as country’s like New Zealand and Columbia.
Sonny Singh, Chief Commercial Officer of crypto payments processor, BitPay, said in an interview with Bloomberg Wednesday that he believes altcoins will never come back while Bitcoin will see a rebound in 2019. Singh believes cryptocurrency markets are at a point where they need a ‘defining moment’ to breakout, and that defining moment will be when large institutions like Goldman Sachs and Morgan Stanley truly get involved with cryptocurrencies.
Bitmain Raises $400 Million in Pre-IPO Funding, Now Valued at $12 Billion: Report
https://preview.redd.it/idmn8yynmf311.jpg?width=760&format=pjpg&auto=webp&s=8345ae872ab639dccd2ae603b5f9972323adee2d Bitmain, the dominant force in bitcoin mining, has reportedly raised $400 million as it gears up to go public later this year. Regional media outlet China Money Network reports that the funding round, which values the China-based firm at $12 billion, was led by Sequoia Capital China, a VC that has been quite active in the nascent cryptocurrency space. Bitmain has not yet confirmed the funding round publicly. The $12 billion valuation matches Bitmain’s internal estimates but exceeds that of many external analysts, who estimated that the firm was worth between $8.8 billion and $10 billion. According to the report, Bitmain plans to hold an initial public offering (IPO) on the Stock Exchange of Hong Kong in September and expects to go public with a market cap between $30 billion and $40 billion. Bitmain, which was founded in 2013, designs application-specific integrated circuit (ASIC) chips and manufacturers cryptocurrency miners. It currently controls 80 percent of this market, though a number of upstart competitors hope to chip away at its dominance. Bitmain’s largest competitor, Canaan Creative, recently filed to hold an IPO in Hong Kong. The firm, whose devices account for roughly 15 percent of the bitcoin mining market, believes it can raise as much as $2 billion through the offering. If Bitmain’s IPO is successful, the firm would not only be the most valuable public cryptocurrency company but would also be worth more than two times as much as chipmaker AMD, which has a $14.8 billion market cap and has also benefitted from the cryptocurrency mining boom. As CCN reported, Bitmain has also begun to design ASIC chips for artificial intelligence-related applications, and CEO Jihan Wu has said that this field could account for 50 percent of the firm’s revenue within five years. Earlier this year, Bitmain led a $110 million funding round for US cryptocurrency firm Circle, which operates an over-the-counter (OTC) trading desk, a retail-focused brokerage app, a cryptocurrency exchange, and plans to build a USD-pegged “stablecoin.” Notably, Sequoia Capital China is currently embroiled in a legal battle with cryptocurrency exchange Binance — formerly based out of Hong Kong — who the VC firm has sued for allegedly violating an exclusivity agreement stemming from fundraising discussions held in 2017. Source
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