Bytecoin (BCN), known as the first cryptocurrency that implemented CryptoNote technology, is now live for trading on the Chinese crypto exchange Gate.io.
The cryptocurrency, Bytecoin, continues its expansion on the Asian market after successful listings on both Binance and Okex earlier this year, and Gate.io is the logical continuation of BCN’s approach to be presented on more reputable exchanges.
This event reflects on the adoption rate of the first, privacy-oriented cryptocurrency between Chinese users, as Gate.io mostly suits traders from this region. In addition, Bytecoin has also adapted their ecosystem for Korean and Japanese users by translating the web wallet into their respective native languages. Moreover, this wallet also contains the ability to purchase BCN with Bitcoin and Ethereum, which makes owning the coin much easier.
One more fact which supports the necessity of the Bytecoin listing on Gate.io, is the ability to use OTC (over-the-counter) exchange for Chinese users, which simplifies access to BCN for some traders. In addition, Gate.io has mobile applications for both iOS and Android, which makes trading smoother and easier, as the only thing that the trader needs is a phone with an internet connection.
Bytecoin was originally launched in 2012 as the first privacy-focused cryptocurrency based on the CryptoNote technology, with such features as unlinkable transactions, untraceable payments and scalable blockchain.
After the continuous flat for the last months, Bytecoin has shown stable growth caused by listing on Gate.io and increased its rate by 15% on September 28, according to coinmarketcap.
Gate.io has started in 2017 and has since that time gained noticeable popularity in the crypto community for the variety of features, such as robust security system, mobile apps, and smooth interface.
Recently, DaoCoin announced its plan to open its stablecoin issuance infrastructure to qualified partners.
DaoCoin is an issuance infrastructure for fiat-backed cryptocurrency. The issuance infrastructure includes; a global network of fund management nodes consisting of multiple third-party trust companies; a blockchain-driven AML/KYC framework supported by global regulators; live APIs for real time token-fund-matching disclosure and auditing mechanism to ensure full reserve; a set of streamlined, customizable ecommerce-style widgets to issue and redeem fiat-backed cryptocurrency.
With this open infrastructure, any qualified third-party can issue its own brand of stablecoin, a special type of crypto-asset that maintains a stable value against the target price of fiats (e.g. USD) or assets (e.g. Gold).
DaoCoin is not a stablecoin, however, it offers the infrastructure to produce stablecoin. More importantly, it produces stablecoin that addresses the transparency and efficiency issues of existing stabecoins (such as USDT and Dai)
USDT is issued by Tether pegging US dollars with a centralized solution. USDT has been criticized for opaque costs and processes, causing doubt as to whether USDT is fully backed by fiat. MakerDao deploys a decentralized method to create a stablecoin Dai. Note that it is not collateralizing with USD, but instead with Ethereum. Since ETH is volatile it requires $150 to create $100 worth of Dai.
Here is how DaoCoin addresses transparency and efficiency at the same time.
Funds are held by third-party trust companies worldwide and audited by top accounting firms on a regular basis. Community operation and reserve management are completely independent, where a mature trust mechanism is applied. Prestigious international third-party trust companies are employed to manage and ensure 100% security of the reserve. Real time information disclosure on Fund-Token matching is available through the API and website. Records of issuance and redemption may be tracked in the blockchain and are open to all community members. DaoCoin provides real-time updates of reserve assets data such as transaction history, account balance, etc. Trustworthy third-party auditing bodies are employed to conduct strict audits. They publish monthly audit reports to ensure transparency and openness in asset management.
To improve the efficiency of legal clearance and flow of funds, DaoCoin has established a worldwide network of AML checkpoints and fund-processing pipelines. Per customer region, DaoCoin can auto-switch between nodes for the most efficient choice, allowing it to be constantly up-to-date and not reliant on a centralized server system. Also, DaoCoin has adopted a Delegated Proof-of-Stake strategy, allowing KYC/AML cleared key partners to cash in or redeem in real time.
As well as leading in transparency and efficiency, DaoCoin is the first community-governed cryptocurrency. DaoCoin issued its own ERC-20 governance token, DaoCoin Power (DCP). Holders of DCP exercise voting right and obtain gainsharing, DaoCoin will also reimburse fees paid for minting and redeeming tokens in the form of DCP.
DaoCoin is currently in collaboration with multinational retail chains and international commodity traders to help them issue their own brands of stablecoin.
Company name: DaoCoin
Company site: http://daocoin.money
Company contacts: firstname.lastname@example.org
Ethos has announced the partnership with Voyager Digital to build a best-in-class Fiat Gateway into our flagship product, the Ethos Universal Wallet. This partnership will offer all users access to exchange functionality utilizing their liquidity network. CEO Shingo Lavine will be joining Voyager as an advisor. This announcement formalizes the relationship between Voyager and Ethos.
Pesamill Africa founded by Brian Ngugi is a peer-to-peer and centralized exchange which has launched its services in Kenya expanding the already growing Cryptocurrency culture in the country. It aims to solve some of the major problems that face global crypto exchanges such as KYC requirements, Security and risk which lie in the Cryptocurrency environment.
We need to discover a new system for the cryptocurrencies and address the problems. We need time to revisit the restrictions and limitations of established systems. The regulations of the currencies by the government are features and not bugs. The virtual currencies are in no way a replacement for the actual currencies and it is due to the government control.
Blockchain is supposed to make it possible to keep an updated database without having a central authority in charge. As of now, Walmart data is being stored in IBM’s computer and cloud. But this has led to questions as to why a distributed blockchain is even necessary. Many stated that the idea is good but the execution is the one that’s the problem.
Major league Italian soccer club Juventus will launch its own Cryptocurrency known as Juventus official Fan Token. The product of a partnership with Blockchain based fan engagement platform Socio.com aims to release in Quarter 1 next year. The Juventus club ranks top in Italy and number two worldwide. This will enable fans to be involved via a mobile voting and polling platform.
On September 7, 2018, SIX network held a meetup at Ookbee office, Empire Tower, Bangkok under the theme “the World is now Crypto!” with Mr. Vatchara and Mr. Natavudh (CO-CEOs) discussed SIX network vision.
Mr. Vachara said “In today’s world, Blockchain technology has evolved significantly in these past couple years. This allows us to promote the use-case of this technology in our daily life better. We have formed a partnership with our partners that will help us achieve our goals faster with an easy-to-connect and effective partnership program”
“Yes, We are Moving From Promotion to Real Adoption”
Today, there are over 100 million creative workers around the world that are currently being affected by the middleman system. Over 60% of their income is currently being stripped off to the middlemen. For an example, if their revenue is 100$, they would only receive 40$ since the middleman, such as payment processor, application platform or marketplace, took the big chunk out of their income. Also, each platform usually contains a token that can only be utilized on their respective platform, thus making it virtually impossible to transfer the token to different platforms. These tokens also usually do not hold any monetary value so they cannot be used in a typical financial transaction.
SIX network is one of the first ICO projects that focused on solving problems for over 100 millions creative workers around the world to help them lead a better life. SIX network is formed by the group of companies that own leading creative platforms in South East Asia. These companies are comprised of Ookbee U, a joint venture between Tencent and Ookbee, Computerlogy, a company expert in technology and big data, and YDM from South-Korea. There are over 10m creative workers and 85 million USD revenue circulated on our platforms combined monthly and we have the plan to replace SIX token as a medium of our future.
SIX network started ICO process in March 2018 and sold out all of its tokens in May 2018. In June 2018, we continued to roll out our Strategy & Vision to solidify the confidence of our investors. One of our goals is to become the first platform in the world to change the perception of Blockchain technology from difficult to use and interact to become the technology that is easily applied and applicable in our daily life for creative workers and normal users.
In today’s world, we cannot ignore the fact that the trend of application development is to use API system acting as a bridge to connect other applications to the platform. At SIX network, we have one of the best team of developers that are expert in API development in the country. We hope to develop our infrastructure to become Blockchain-as-a-service. This year, we are developing SDK for our partners and developers to use via our infrastructure through our API system. We plan to let our partners use “Pay with SIX” system that is integrated with our API, making their integration as easy and seamless as possible.
“SIX network has formed a partnership and co-invested in Chomchob, which is a platform that collected points/tokens from different providers and converts into over 200,000 products and services in Thailand. When we are fully integrated SIX Token to Chomchob platform, SIX token will become one of the world first cryptocurrency to be able to buy products and services in our daily life such as exchanging the tokens as a money coupon in fast food restaurant to purchase the foods” Mr. Vatchara, Co-CEO of SIX network, said
Mr. Natavudh, Co-CEO of SIX network added “SIX network consists of platforms with over 10 millions creative workers in South East Asia and is constantly growing. We believe that our roadmap will help creative workers experience Blockchain technology in a more refined way under the approach that they can all relate to.”
The new SIX are including features with the focuses of four key areas to meet the needs of the new generation users.
The new SIX application focuses on creating a seamless way to communicate between users and improving users experience by integrating their favorite contents and assets from different platforms to SIX application. With our new application, users can send and receive tokens and contents within our built-in chat application.
Partnering with leading financial institutions, SIX application allows the user to do more than just storing the asset; we want to help you grow the assets. The users will be able to invest their assets on our platform, which is managed by top investment gurus in Thailand or even utilize lending portalsto secure the financial needs.
The brands can interact with users more than ever with the new platform on SIX application. With this platform, brands can create their page to promote their contents and promotions directly through SIX application. They can also provide an incentive for users to follow their channels and stay updated with their latest contents.
Move beyond just the wallet into communities platform for the users to stream and buy contents from creators directly on our platform. Last but not least, the new “marketplace’ feature will allow users to trade, sell and buy assets from all platforms on SIX application’s marketplace.
Ultimately, SIX network will become an important platform for creative workers and users that will suit the lifestyle, including using it to purchase product both offline and online or making an investment or transaction between both parties. SIX network aims to be the platform that contains one of the highest net worth of digital content in the world. SIX network still seeking for new partnerships that are poised to thrive and help develop the creative industry.
Lastly, be apart of the SIX network project today, visit Liquid.com and Coinsuper.com to get SIX token. This is just the first step of us, and there will be couple more exchange markets coming soon so please stay tuned.
Advised by Steve Chen, co-founder of YouTube, Theta’s decentralized video delivery network reached over 530,000 users on Theta testnet, partners with leading Korean media platforms.
Cupertino, Calif., September 18, 2018 – Theta, the leading video delivery network on blockchain advised by the co-founder of YouTube, announces that MBN and CJ Hello has joined its Media Advisory Council as strategic partners. MBN is a division of Maekyung Media Group, a highly-diversified media company that owns some of the biggest names in communications and broadcasting in South Korea, and CJ Hello, a subsidiary of the $25B Korean conglomerate CJ Group is one of the country’s largest cable TV operators and mobile providers, will each partner with Theta to deepen media engagement and power revenue growth. The Theta token was recently listed on Bithumb exchange at the end of August.
Theta’s initial results from its June testnet launch revealed strong user engagement on the SLIVER.tv esports platform which rewards users with Theta tokens for re-streaming content to others in the network. After deploying Theta’s video delivery network powered by blockchain, SLIVER.tv saw a 70 percent increase in total monthly visits, reaching nearly seven million. The average viewer spent 31 minutes on the testnet channel, compared to 11 minutes across other channels and 6 minutes on Twitch during the same time frame. Since the launch, more than 530,000 users across 150 countries have shared bandwidth on the Theta network.
“Theta’s impressive early results from June convinced us to take a closer look at Theta as a media blockchain partner to build a decentralized video delivery network,” said Mr. RYU Ho-Gil, CEO of MBN. “We’re excited to collaborate with Theta to achieve three key business goals, deepen user engagement and session times across our platform, reduce content delivery costs and drive increased market share. Together, we hope to explore a range of exciting opportunities to deliver content in new ways.”
“Speaking from my media experience working at YouTube Korea and Naver, the battle for consumer attention is fiercer than ever with a sea of content on every device from set top boxes to mobile and web desktop” said Yooshim (Karen) Huh, Senior Vice President of CJ Hello. “Theta’s new blockchain model provides a valuable tool to stand out and encourage users to spend more time with content we’re already delivering, from hit TV shows to K-pop. With a focus on powering mobile and OTT solutions, Theta promises to be a core part of our long-term growth strategy.”
“South Korea has always been at the forefront of technology development and innovation. We’re delighted to partner with two of the largest Korea media platform to bring blockchain technology to the mainstream and invent the future of media,” said Mitch Liu, co-founder and CEO of Theta Labs. “MBN and CJ Hello are deploying real world media and entertainment solutions powered by Theta blockchain that are still just theories for most companies. As video streaming continues to grow exponentially, these Korean media leaders are staying ahead with breakthrough innovation that’s proven to connect viewers with content at massive scale.”
Theta is a video delivery network powered by blockchain that incentivizes anyone to restream video and enables next-gen video apps that drive more revenue, deepen viewer engagement and reduce costs. Theta’s protocol enables users to earn tokens by restreaming video via excess bandwidth on any device. Restreamers improve quality by serving video locally and can use tokens to purchase premium experiences, content and products. By deploying Theta, platforms can create new business models, generate more touchpoints with viewers, deepen engagement and seed superfans. Learn more at thetatoken.org.