Ethereum price analysis – Rising steadily towards $713.24

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Ethereum price has been rising steadily during the past few days along the upwards trend line that has been evident since April  7th. $700 was repeatedly the day high on Saturday and Sunday. Repeated cycles of upwards price bursts followed by brief downwards price correction attempts have been evident on the 4 hour ETHUSD charts, since last Friday. However, the upwards trend line has been acting as a rising support level during the past few days. The market seems to be moving towards testing the resistance around $713.24 during the first few days of the upcoming week.

So, can we expect ethereum price to exceed $700 during Tuesday’s trading sessions?

Ichimoku Cloud just turned green on the 1 day ETHUSD chart:

We will examine the 1 day ETHUSD chart from Bitfinex, while plotting the 50 day SMA (green curve), the 100 day SMA (red curve), and the Ichimoku Cloud, as shown on the below chart. We will maintain the Fibonacci retracements  we plotted during an earlier analysis, which extend between the low recorded on October 23rd, 2017 ($273.50), and the high recorded on January 13th, 2018 ($1,424.06). We can note the following:

  • During the past week, ethereum price has been recording higher highs during most of the days. However, on Saturday and Sunday, the day high was repeatedly $700, which reflects that the bullish momentum is somehow slowing down as we are approaching the resistance around the 61.8% Fibonacci retracement ($713.24) (the orange horizontal line on the above chart).

 

  • The rising uptrend line (bluish upwards sloping trend line on the above chart) is acting as a rising support level that is preventing the drop of the price of ether below its level. This is evidenced by the rising day lows during the past few days, and the relative long downwards shadows of candlesticks of Wednesday’s and Thursday’s trading sessions. As price continues moving along this uptrend line, ethereum price will most probably rise towards testing the resistance around $713.24 early during the upcoming week. As repeated testing of a resistance level weakens it, the resistance around the 61.8% Fib. retracement ($713.24) is likely to be broken if it is tested again during the next 24-48 hours.

 

  • Ethereum price is currently above the 50 day SMA, and the 100 day SMA. Moreover, the 50 day SMA is currently above the 100 day SMA, which reflects the current bullish sentiment of the market. The 50 day SMA acted as a support level that prevented further price drop during the trading sessions of last Wednesday and Thursday.

 

  • The Ichimoku Cloud has just turned green (bullish), and ethereum price is currently above the cloud. Moreover, the Conversion Line (blue line) is above the Base Line (red line), and ethereum price is above the level of the Base Line. All these bullish signals conveyed via the Ichimoku Cloud indicate that we can see the price of ether exceed $700 early during the upcoming week.

Rising support level evident on the 4 hour ETHUSD chart:

Now, let’s examine the 4 hour ETHUSD chart from Bitfinex, while plotting the 50 period SMA (green curve), the 100 period SMA (red curve) and the Bollinger Bands indicator, as shown on the below chart.

  • As the price of ether dropped near the level of the uptrend line, it became evident how this uptrend line is supporting price quite well, as shown by the formation of a “doji”, and the long downwards shadows of candlesticks.

 

  • A “bullish crossover” is now evident, as the 50 period SMA has crossed above the 100 period SMA.

 

  • Since last Thursday, repeated bouts, consisting of bullish bursts followed by downwards price correction attempts, have been evident on the chart. These repeated bouts have been supported by the upwards sloping trend line (greenish trend line on the chart). As such, the market is steadily moving towards retesting the resistance around $713.24 (orange horizontal line) early during this week.

Conclusion:

Ethereum price has been moving along an upwards trend line during the past few days. Even though the price of ether failed to exceed $700 during Saturday’s and Sunday’s trading sessions, we are most likely to see it move towards $713.24 during the next 24-48 hours.

Charts from Bitfinex, hosted on Tradingview.com

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The 2018 Year of Cryptocurrency Challenge – Week 16

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At the beginning of 2018, I wrote an article outlining a New Year’s resolution that I thought could help boost cryptocurrency adoption and awareness in 2018, as long as enough people were doing it. Last week was the fifteenth installment of my challenge. After a few slower weeks for my challenge, I’m happy to say that this week was far more productive for me.

I’m going to change up the usual format of this series a little bit, but probably only for this one post. I had an interesting encounter recently that checked the boxes for all of my challenge goals. Story time!

A few days out of my week, I try to go to a coworking space to get some work done, and one of the building’s weekly networking events includes a spread of free snacks and wine. My interest was piqued! I realized that this was probably a great place to try to engage with more people on cryptocurrency and blockchain. Admittedly, the prospect of free wine was also a driving force (as it is for most writers). Almost immediately, I was able to start up a conversation with the woman in front of me in line. She was new to the building and asked what I did, and seemed intrigued by the idea of cryptocurrency. She was mostly interested in it as a potentially lucrative investment vehicle. Despite my attempts to steer the conversation to focus more on the technology, she was pretty dead-set on trying to get financial advice out of me. I told her the only advice I’d ever give was to never invest any money you can’t afford or are unwilling to lose.

Next, I spoke with a few of the building’s Community Managers. They are the points of contact for the space’s members and the event organizers. At events like these boozy and foody networking events, I do my best to stay on their good side (I know where my bread is buttered) and have tried to avoid annoying them with too much crypto-talk. However, two of the Community Managers were extremely receptive, and we spoke for about 30 minutes. I learned that for many, the hardest concept to grasp is the use case for cryptocurrency. This disconnect is understandable. With so many coins, so many projects, and so many “experts” all saying what crypto is good for and what crypto is not good for, the layperson can be left dumbfounded. So I started to show them some of the places I like to spend my cryptocurrency online.

While telling them how I’d just bought some plane tickets off cheapair.com with Dogecoin, I saw another educational opportunity for these two. “Do you two want some Dogecoin?” I asked. Both chuckled and said yes. I helped them set up their wallets, and sent them 500 Doge each. It wasn’t much, but they seemed pretty excited to have Dogecoin. “I feel like I’m part of a completely new culture! I’m in the crypto game now!” one said after the transaction was confirmed.

The Community Managers are going to plan a blockchain and cryptocurrency-specific happy hour networking event soon. I look forward to attending.

*

Are you challenging yourself with this resolution too? Do you have any good/random stories that resulted in great crypto-centered conversation? Tell us on Twitter or in the comments!

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Bitcoin Price Watch: Currency Still Sits at $9,300

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Bitcoin is holding its ground at $9,300. The currency has been sitting at this mark for several days, and while the price hasn’t necessarily dropped, it hasn’t jumped forward either.

This suggests that bitcoin is encountering newfound resistance at its present level, and perhaps $10,000 is not as close as we originally thought. Though support remains relatively firm at the current price, bitcoin could potentially experience spikes to $11,700 and even $12,000 respectively granted it is able to move above the $9,500 mark. Once this resistance is broken, we may witness bitcoin firing forward at a rapid rate.

The upside is that bitcoin has reached its highest position since mid-March, when the price jumped slightly beyond $9,700. For the most part, bitcoin is retaining its bullish bias, though analysts suggest that “reduced crypto market volatility” is keeping bitcoin locked in place for the time being.

In addition, recent comments made by billionaire Warren Buffett regarding bitcoin and cryptocurrency in general may be another potential reason behind its unwillingness to climb higher.

Buffett has never been a large advocate for bitcoin. In fact, he has been relatively critical of it, citing it as a figure of pure speculation and rejecting the notion that it could ever hold physical worth of any kind.

Buffett recently stated:

“There are two kinds of items that people buy and think they’re investing in. One really is investing and the other one (bitcoin) isn’t. If you buy something like a farm, an apartment house or an interest in a business, you can do that on a private basis, and it’s a perfectly satisfactory investment. You look at the investment itself to deliver the return to you. Now, if you buy something like bitcoin or some cryptocurrency, you don’t really have anything. You’re just hoping the next guy pays more. You aren’t investing when you do that. You’re speculating. There’s nothing wrong with it; if you want to gamble, somebody else will come along and pay more money tomorrow. That’s one kind of game, but that is not investing.”

It is true that Warren Buffett and other top financial figures continue to remain skeptical of bitcoin’s prowess and advantages, but many analysts remain insistent that another bull run is right around the corner, citing the number of bitcoins already mined as a major reason.

Bitcoin’s total market cap is 21 million coins. At press time, less than four million non-extracted coins remain. The fewer coins in existence, the harder the mining process becomes. The final bitcoin is expected to be mined sometime in the year 2140 – more than 100 years from now.

It is a long time to wait, but putting this into context, we realize it has taken just over nine years to extract the original 17 million, and with this scarcity becoming a stronger reality every day, many experts believe the price of bitcoin will go up even further, as older coins become more difficult to gather. Many current bitcoin holders are expected to keep a tight grip on their coins and avoid cashing out in the hope they could potentially witness their earnings increase tenfold in the next three to five years alone.

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Bitcoin Is a Bubble! And Other Crazy Things We’ve Heard

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Bitcoin is a bubble! Bitcoin is a scam! Bitcoin is a Ponzi scheme! Bitcoin will crash soon! How many times have you heard these and similar comments from people who seem completely convinced they are right? Too many times, right? Well, me too. Bitcoin, and by extension the whole cryptocurrency industry, has been described as the biggest bubble in recorded history by more people than we care to remember. Such statements are particularly bold considering that there have been some huge bubbles over the years, such as the Dutch tulip bubble of the 1630s, the Japanese real estate and stock market bubble of the 1980s, and the more recent dot-com bubble of the early 2000s. Will all these doubters become convinced that Bitcoin and the blockchain are here to stay and that ‘a bubble’ is the one thing it’s not?

Investment Titans To Tech Pioneers

When someone on Twitter comes out and condemns cryptocurrencies, or someone rants on Facebook about how it’s all about to come down before the year ends, we tend not to take them seriously. After all, which revolution ever garnered everyone’s support? We do our best to correct them and to enlighten them about the revolution that cryptos are part of, but that’s as far as it goes.

However, when one of the richest men calls Bitcoin a scam, it’s a different reaction altogether. Warren Buffet has been among the most vocal opponents of cryptocurrencies. Just recently, in an interview with Yahoo Finance, Buffet described cryptocurrencies as a game and a gamble, and interestingly added that “no one knows exactly what Bitcoin is.” This is not the first time Buffet has openly condemned cryptos; in the past, he’s referred to them as scams and the biggest bubble in history. In another interview earlier this year, he declared that he was certain that cryptos would come to a bad end. The most interesting part of that particular interview, which was conducted by CNBC, was when Buffet admitted to not knowing much about cryptos.

Buffet is not alone in condemning cryptos. Less than a week ago, former PayPal CEO Bill Harris described Bitcoin as the biggest scam in history. In a blog post, Harris, who was also one of the founders of PayPal, described Bitcoin as a colossal pump and dump scheme, “the likes of which the world has never seen.” His sentiments are echoed by Jeffrey Robinson, a renowned journalist whose book, “BitCon”, was intended to discredit Bitcoin as far back as 2014. In his book, Robinson described Bitcoin as a pretend currency which has no real use and which won’t be accepted by the masses. That was back in 2014 when the price of Bitcoin was below $1,000 and when not many people in the world had embraced cryptos. Robinson is, however, unmoved, and in an interview earlier this year with CNBC, he called Bitcoin a loaded roulette wheel.

You’re better off in Vegas. The food is better.

Institutional Condemnation

The condemnation has not been left to prominent individuals alone. Some major global institutions have also made their stands against cryptos known, one of which is the Bank for International Settlements (BIS). BIS, which facilitates international monetary and financial cooperation, came out and condemned cryptos as a “combination of a bubble, a Ponzi scheme and an environmental disaster.” Its general manager, who doubles as the governor of the Bank of Mexico, questioned the sustainability of cryptos and called on authorities to clamp down on the crypto industry.

Munich-based global investment giant Allianz, which has over $81 billion worth of investment, has come out and condemned cryptos as well. Its head of strategy described cryptos as a bubble, saying that despite their liquidity, they lack intrinsic value. The firm went on to state that Bitcoin’s demise would have a negligible spillover effect on the ‘real world’, as the market capitalization of cryptos is still relatively small.

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Sergey Brin Refers to Ethereum as an Advance in Computing

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TheMerkle Dether Ethereum

Technology pioneers have been showing an interest in blockchain technology and cryptocurrency for quite some time now. Especially for pioneers active in the coding world, the concept of cryptocurrency is rather intriguing. Alphabet’s Sergey Brin recently mentioned Ethereum in a positive light. This took a few people by surprise, although most of his comments revolved around artificial intelligence.

Sergey Brin and Ethereum

As is usually the case when a famous technology pioneer references cryptocurrency, there is a fair bit of surprise and confusion to contend with. In the case of Alphabet president Sergey Brin, his recent comments regarding Ethereum shocked a lot of people. Not because they were negative, but mainly because he sees the bright side of cryptocurrency in general. It is quite uncommon to hear someone think along those lines these days.

To put this into perspective, Sergey Brin recently talked about cryptocurrency and artificial intelligence. In issuing Alphabet’s annual founders’ letter, Brin highlighted two emerging trends which are of great importance to him personally. Brin has mixed feelings about AI, which is not entirely surprising. Cryptocurrency, on the other hand, gets a rather big vote of confidence from Brin, although it will not have any impact on the Ethereum price.

Brin referenced the effect cryptocurrencies have had on the computing industry and in general. Specifically, he mentioned the “GPU-friendly proof-of-work algorithms found in some of today’s leading cryptocurrencies, such as Ethereum.” This particular algorithm is one of the reasons why the demand for more powerful graphics cards has risen so sharply in the past few months. Mining cryptocurrency has become a booming industry, but the demand for GPUs to mine Ethereum may drop off if the price remains on the relatively low end of the spectrum.

While the public’s opinion on cryptocurrency is still all over the place, one cannot deny the impact it has had on the computing industry. Currencies such as Ethereum have shown the world how things can be done differently and how one could empower such ecosystems. That in itself is an unexpected advancement in the world of computing, and one which might not have been triggered by any other technology. According to Brin, that is a positive development, even though a lot of people remain wary of cryptocurrencies, for obvious reasons.

How Ethereum and other cryptocurrencies will affect the future of computing as a whole remains to be seen, but Ethereum has shown the world that GPU-friendly proof-of-work algorithms can exist without too many problems. Now that Ethereum mining ASICs have come around, it will be interesting to see if any modifications are made to this algorithm.

We do know that Ethereum’s developers are planning a switch to proof-of-stake in the very near future. When that will happen remains a bit unclear, although Casper is coming together nicely as we speak. It is evident GPU mining will come to a halt where Ethereum is concerned, but that doesn’t have to be a bad thing. It is good to see technology pioneers such as Sergey Brin acknowledge that cryptocurrencies have a positive side which most people tend to overlook for no apparent reason.

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South Korean Company Launches Platform Meant to Protect ICO Investors

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Various Asian countries have taken a harsh stance against initial coin offerings. Given the previously unregulated nature of that industry and the large sums being raised by ICO teams, that is not a big surprise. It seems one South Korean company is trying to have a positive impact on the sector. The Korea M&A Center is launching a new platform meant to protect ICO investors.

A Positive ICO Development in South Korea

No one will deny the role of importance which South Korea plays in the world of cryptocurrency. After China banned CNY trading, South Korea was fairly quick to take its place in the fiat currency trading department. That was a rather interesting development, and one that has also caused some regulatory challenges in the region. Particularly when it comes to initial coin offerings, things have gone from bad to worse fairly quickly.

Several months ago, it became clear that South Korea’s FSA did not take kindly to ICOs and ICO-related products. As such, many people expected initial coin offerings to be completely banned in the country, even though that is not exactly what has happened. There is still a lot of unease when it comes to embracing this business model in South Korea, but that situation may come to change fairly soon.

That’s because the Korea M&A Center has made it clear they are working on a new patented platform to protect ICO investors. That is a rather surprising turn of events, although it also has a lot of merit. More specifically, their ESC Lock service offers an escrow system similar to those found in traditional financial markets, but tailored to initial coin offerings. The end result is that investments will be locked, as will be the ICO tokens issued by the companies in question.

That’s a very different take on initial coin offerings, and one that could bring a lot of legitimacy to this particular industry. With various ICO scams having been recorded in recent history, it is evident something will need to change where ICOs are concerned. Moreover, there is an alarmingly high rate of projects failing to reach commercialization, which doesn’t bode well for investors either. ESC Lock should be able to address all of those issues, as investors need to be protected.

ESC Lock will only deposit investments in ICO companies if certain conditions are met. Any company failing to live up to these expectations will not receive any funding, and investors will simply get their money back. This will put a lot of pressure on ICO projects to actually deliver the goods, and will hopefully weed out the bad seeds altogether. It is a positive development for the industry, albeit one that will remain limited to South Korea, for the time being. Of course, one could argue that ICO investors simply need to conduct their own research first and foremost. That would certainly solve a lot of problems, though companies may still not be able to enter the commercialization stage. 

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France to Reduce Bitcoin Capital Gains Tax From 45% to 19%

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TheMerkle Bitcoin Taxes Tips

Capital gains taxes and cryptocurrency have always been an odd couple. Although a lot of people see the merit in proper taxation guidelines for cryptocurrency, things are never as clear-cut as they might appear. In France, a new proposal has been introduced to reduce the capital gains tax on Bitcoin from 45% to 19%. It’s a positive development, as a lower flat rate simply makes a lot more sense.

France Reduces Bitcoin Capital Gains Tax by 60%

Anyone who currently deals with Bitcoin for speculative or professional reasons in France will pay a capital gains tax on their profits. That’s been the situation for quite some time now. The original regulation dates back to July 2014, and it has not seen any major changes since that time. This is not to the liking of local cryptocurrency users, as paying a 49% capital gains tax seems crazy.

Changing this rule has been an ongoing battle, although major success has been achieved. French sources report that the Council of State will reduce the capital gains tax on Bitcoin and other cryptocurrencies. That is a very positive development, even though the flat fee concept will remain in place. With the tax rate dropping from 45% all the way to 19%, a very positive change has been introduced by French officials.

Although this still means French cryptocurrency enthusiasts will lose one-fifth of their profits, it is better than giving up almost half of them. Any gains from the sale of cryptocurrency are now considered to be industrial and commercial profits if these sales occur regularly. For users who only sporadically sell cryptocurrencies, the earnings will be labeled as non-commercial profits.

It is important to note that the Council of State is now putting the sale of cryptocurrency on the same level as that of movable property. The movable property designation usually applies to more tangible assets, such as jewelry, cars, and so forth. However, it also applies to intangible goods, such as patents, copyrights, and now cryptocurrencies. With the flat fee of 19% now applying to all of these products and assets, a more lenient ecosystem has been created which may allow cryptocurrencies to thrive in the years to come.

It is possible that there will be exceptions to this tax ruling. That’s because the Council of State acknowledges that certain “circumstances specific to the transactions” could cause this tax rate to change. It all depends on the type of trading activity, the amount involved, and the origin of the cryptocurrency in question. Any gains not considered the result of an investment transaction will always be considered to be industrial and commercial profits, even if it is a one-off transaction.

This latter point could have big consequences for people who mine Bitcoin. As mining is not related to investment, it is only normal that it would be considered commercial profit first and foremost. Any income from a professional activity – such as freelancers being paid in Bitcoin – will also fall into that category, which is no big surprise either. All things considered, this new regulation is rather positive for the cryptocurrency industry in general.

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CryptoCarz Combines VR with Ethereum-Based Assets

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TheMerkle CryptoCarz

There is growing interest in issuing assets on the blockchain. Projects such as CryptoKitties have shown the world how powerful this business model can be. It now seems CryptoCarz is trying to achieve the same goal, as they want to offer the world’s first blockchain-enabled VR racing experience. Combining distributed ledgers with virtual reality will undoubtedly have some interesting consequences.

Can CryptoCarz Succeed in the Long Run?

While one can only marvel at the power of blockchain-based assets, there is a question as to how viable this business model really is. Although anyone and everyone can issue new blockchain assets as they see fit, not every project will succeed. CryptoKitties is a great example of a project with a lot of initial hype which was rekindled a few times, but still isn’t on that many people’s radar.

Whether or not CryptoCarz will meet a similar fate remains to be determined. The team wants to take blockchain assets one step further by linking them to virtual reality racing. More specifically, CryptoCarz is a multiplayer game, with a fully immersive VR-enabled racing experience. As one would expect, there is a slight twist, as players will need to own or rent a virtual car.

Each of those cars is issued on the Ethereum blockchain in the form of an ERC721 token. This attributes a collectible status to the various cars which make up the CryptoCarz universe and can be raced in virtual reality. Interestingly, the CryptoCarz vehicles will be associated with the top cryptocurrencies. More specifically, twenty car models will be created, representing the top cryptocurrencies on the market today. As for the cars themselves, they are not entirely unique, as every model will have up to 650 units. However, only one type of each car will be allowed in a given race, which makes a lot of sense.

It is evident this initiative may prove somewhat successful. There is a lot of excitement regarding blockchain assets, but virtual reality still remains a rather niche market, for obvious reasons. Such blockchain assets usually cater only to existing cryptocurrency enthusiasts, which won’t necessarily improve its chances of success in the long run. Even so, CryptoCarz may attract some mainstream attention, at least when the technology is in place.

For those interested in this project, it can be worth checking out the project’s whitepaper. Although there is no shortage of ambition where this project is concerned, it is evident things may not necessarily turn out all rosy. A lot of projects want to ride the coattails of CryptoKitties, but it remains to be seen whether any venture can even hold a candle to that project’s success in the coming months and years.

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LEEKICO helps Blockchain Network Connectivity Project NKN to Close Successful Crowdfunding

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April 30th, 2018 – Sydney, Australia – LEEKICO, a one-stop-service ICO platform, successfully supported NKN, a project aiming to rebuild the Internet that will be truly open, decentralized, dynamic, safe, shared and owned by the community, to complete its highly anticipated token sale on April 19th, 2018. With LEEKICO’s support, NKN collected a total of ETH 24,100.

NKN’s early bird sale, which was only opened to participants who were previously whitelisted for the project, started on April 2nd and was completed on April 8th. The main ICO took place on April 19th and collected 70% of the hard cap in the first 3 minutes, with the cap reached shortly after.

LEEKICO supported NKN in both stages of the ICO, managing the KYC (Know Your Customer) whitelisting during the first stage and the crowdfunding during the second. Thanks to LEEKICO’s service and marketing support, the project managed to reach 2,000 participants, and generate over 9,000 new sign ups to LEEKICO’s platform and deliver over 15,000 visitors per second to the project’s website at its peak.

NKN (New Kind of Network) is a new generation of highly scalable, self-evolving and self-incentivized blockchain network infrastructure. NKN addresses the network decentralization and self-evolution by introducing Cellular Automata (CA) methodology for both dynamism and efficiency. NKN tokenizes network connectivity and data transmission capacity by a novel and useful Proof of Work.

NKN focuses on decentralizing network resources, similar to how Bitcoin and Ethereum decentralize computing power as well as how IPFS and Filecoin decentralize storage. Together, they form the three pillars of the Internet infrastructure for next generation blockchain systems. NKN ultimately makes the network more decentralized, efficient, equalized, robust and secure, thus enabling healthier, safer, and more open Internet.

NKN intends to revolutionize the entire network technology and business. We want to be the Uber or Airbnb of the trillion-dollar communication service business, but without a central entity” Said Yanbo Li, founder and core developer of NKN. “We aspire to free the bits, and build the Internet we always wanted, and we could not have found a better partner than LEEKICO to help us run the token sale while we focus on developing our vision.

NKN is an open source community-driven blockchain project, where the team members join on a voluntary basis. The project is spearheaded by experienced blockchain, network and computing specialists including Yanbo Li, previously co-founder of Onchain, and eminent advisors such as Whitfield Diffie, winner of the 2015 Turing Award.

The LEEKICO platform allows project teams to focus on developing their solution and technology by taking care of the ICO process. LEEKICO applies strict KYC (Know-Your-Customer) and region restriction policies and works with compliance agencies on top of its rigorous due diligence process to ensure a successful token sale. The LEEKICO team thoroughly reviews each project team, solution and plans, before giving them access to its friendly customer support team, marketing and promotional resources, as well as its network of over 30,000 users in 40 countries.

LEEKICO is extremely experienced in managing both private sales and crowdfunding and has successfully supported a number of projects including IPFS, Singularitynet, Qash, INS, Cybermiles before NKN.

LEEKICO is currently supporting the upcoming ICO of Shivom (www.shivom.io), a new blockchain project aiming to provide a platform where individuals can ‘donate’ their genomic data for use by researchers, securely store and control who accesses the information, and earn rewards as a result.

About LEEKICO

LEEKICO shares the belief of asset decentralization and commits to promoting the wave of global cryptocurrency start-up companies. LEEKICO aims to build an initial coin offering platform with ensured security, integrity, fairness and transparency for both start-up companies and investors. LEEKICO provides cryptocurrency and blockchain start-up companies with crowdfunding services, and provides investors with comprehensive cryptocurrency consulting services, pre-ICO, and post-ICO management service. Both start-up companies who are planning to go through an ICO process and investors who are involved in ICO projects will enjoy the best experience with LEEKICO’s one-stop service provided by the LEEKICO platform.

http://leekico.com/

About NKN

NKN (New Kind of Network) is a new generation of highly scalable, self-evolving and self incentivized blockchain network infrastructure. NKN addresses the network decentralization and self-evolution by introducing Cellular Automata (CA) methodology for both dynamism and efficiency. NKN tokenizes network connectivity and data transmission capacity by a novel and useful Proof of Work. The NKN Foundation is registered in Singapore.

https://www.nkn.org/

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

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Cryptfunder Press Release: New Decentralized Funding Source for ICO’s…

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George Town, Cayman Islands, April 30, 2018: Cryptfunder, a new, decentralized funding source for startup ICOs and blockchain companies, is creating a new way for pre-ICO startups and other blockchain entities to receive the required funding for success in today’s market.

Employing expert analysts to identify the projects with the greatest potential market value based on factors such as the quality of their team and the real-life application of their technology, Cryptfunder will fortify and expand the world’s latest, most innovative concepts for a more productive and revolutionary future.

“We’re here to be the funding source for startup ICOs that every blockchain project desperately needs today,” said Kevin Sarisky, CEO of Cryptfunder. “Through our provided crypto-capital at pivotal points of the ICO startup building phase, the now fully funded ICO or blockchain company can now fully realize its goals and dreams, enabling delivery of their new, disruptive technology.”

Cryptfunder will provide seed crypto-capital at a crucial phase in return for pre-ICO tokens at a discounted rate, as well as through other methods of compensation. Additionally, Cryptfunder’s backing will enable these startups to kick-start their projects, boost their security, obtain and solidify better servers, and develop better overall technology for sustained success. In exchange for funding, pre-ICO tokens will be provided following the close of the ICO or prior.

Releasing a new kind of ICO contingency model, Cryptfunder’s business plan will be successful depending on the success of the funded startups and their success downstream, which guarantees integrity, transparency, and fairness for Cryptfunder and its’ token holders.

Cryptfunder’s cryptocurrency will be the CFND token. As an ERC20-based token, CFND is built on the Ethereum blockchain according to the industry’s latest protocols. It will serve a dual purpose:

  • Fund other startup ICOs and blockchain companies
  • As a store of token value and growth

“We selected Ethereum as a tried and tested blockchain with an infallible track record, an increasing volume of tokens in circulation, and a transparent approach to their 100% verified crypto-community,” said Sarisky. “From the start of Cryptfunder’s inception, we wanted this to be a valuable platform that all community members can trust and believe in the vision, the growth and success of the token.”

With statistics detailing an enormous increase in the amount of ICOs and funds raised since their introduction in 2016 ($94 million raised by 30 ICOs in 2016; $6 billion raised by 891 ICOs in 2017), the market saturation has contributed to fraudulent activity, mistrust, and hesitation to delve into new startup ICO platforms. Cryptfunder connects with ICOs during their early stages, providing legitimacy before a negative stigma is attached to the new venture due to a possible lack of proper funding. With these needed funds, startups can now expand their platforms and pursue their future endeavors and achieve their full potential.

“We want to develop newer, better technologies. Sometimes, the only thing standing between a life-changing creation and its widespread adoption is funding,” said Sarisky. ”We’re proud to be officially launching our new platform, sporting the tagline: Cryptocurrency Funding of the Community and for the Community.”

The main objectives of Cryptfunder in today’s cryptocurrency market is to repair ICO public perception, reduce ICO failures due to lack of funding, kick-start promising and innovative projects, and boost the overall crypto-community moving forward.

For more information about the company and the upcoming Cryptfunder ICO launch on May 25, 2018, visit: https://www.cryptfunder.io/.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

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