Stellar Price Fights for Control Over $0.2 With Very low Trading Volume

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The weekend is usually a bit of an awkward period for cryptocurrency trading. This is not just because we see far less trading volume, but also because strange trends tend to materialize which don’t last all that long. As of right now,  most markets are in the green without apparent reason. Especially the Stellar price notes some strong upward momentum.

Stellar Price is Surging, for now

It is evident the current cryptocurrency price trends will most likely turn bearish in the next few hours. Given how the overall trading volume is below $10bn for the first time in a while, there appears to be no demand for any cryptocurrencies as of right now. Any movements taking place – good or bad – are achieved through low volume, which means they can turn around at any given movement.

For the Stellar price, the current uptrend looks rather brittle. While a 6.18% gain is more than respectable as of right now, it is evident the low trading volume may pose a big problem in the near future. Even so, we are now looking at a Stellar price of just above $0.20 again, which is on par with what we have seen for most of the week. Holding on to this price may prove to be rather difficult, though, as there no long-term positive momentum in any market right now.

Even though the Stellar price is up in USD value, the gain over Bitcoin is rather minimal as of right now. An increase by 1.9% in favor of XLM is nothing spectacular by any means. It only further confirms how reliant Stellar – as well as other cryptocurrencies – are on the Bitcoin price as of right now. Depending on how BTC evolves this weekend, the Stellar price may see some hiccups along the way.

Speaking of the trading volume earlier, Stellar’s volume is not impressive by any stretch of the imagination. Over the past 24 hours, we saw $32.25m worth of XLM changing hands, which is a lot lower compared to what most people would like to see at this point in time. Even so, it is sufficient to propel the Stellar price to this current level, although it may not remain there for much longer.

With such a  low trading volume, it is still interesting to see which exchange generates the most trades. As of right now, Binance is clearly in the lead, as it provides 45.25% of all XLM trading. Upbit and Bittrex complete the top three, albeit with far less volume to speak of. It is remarkable how few fiat currency pairs we see in the top ten right now, albeit it is not entirely surprising either.

How all of this will evolve in terms of the Stellar price, remains to be seen. As of right now, things do not look mightily impressive, but the weekend is only just getting started. Even so, there are still a lot of ways things can play out. Holding on to this current $0.20 XLM price may prove to be difficult, but we have seen a lot of strange things in the world of cryptocurrency as well. Weekends are always unpredictable in this regard.

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Join WeiCrowd Whitelist for 80% Bonus and 80% less Trading Fees on the WeiX Exchange!

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Singapore, 6th April 2018, www.weicrowd.com: WeiCrowd, the go-to platform for ICO standardization and end-to-end ICO life cycle management, is live with its Whitelisting. Launched at the Singapore Blockchain Summit 2018, the platform is gaining appreciation at different summits by Blockchain startups and experts globally. Currently, the platform is offering 80% bonus for the first 3000 KYC verified users with a minimum contribution of 1 ETH.

WeiCrowd as a Token marketplace is powered by its own Exchange and Incubator. The platform helps Blockchain startups to raise successful ICOs and facilitating Token Buyers to select from the best of breed Tokens. WeiCrowd is built of 7 key modules: WeiLauncher, WeiFolio, WeiCubator, WeiX, WeiScrow, WeiCap and WeiScore. All together it aims to address the Key challenges of the Token economy and power up the growth it deserves.

Buying WEIS (WeiCrowd Token) brings the following exclusive benefits to the users:

  • WEIS can be liquidated at its own exchange, WeiX.io (Beta) within just two weeks of the ICO end date.
  • Whopping 80% discount on trading fees on WeiX Exchange for first 2 years applicable for first 1000 users with a minimum contribution of 5 ETH.
  • Early access to private sales and free airdrops of all ICOs on the WeiCrowd Platform to first 5000 contributors with a minimum contribution of 2 ETH.
  • 50% service fee discount on the use of WeiCubator for first 1000 buyers of WEIS with a minimum contribution of 10 ETH.
  • Zero service fees on the launch of ICOs and 50% discount on Success fee for the first 1000 contributors of minimum 15 ETH each.

Users can avail these exciting bonuses and discounts by opting for WeiCrowd today, the platform which aims to make the Token economy successful.

Join the Whitelist today!

Join Whitelist: https://www.weicrowd.com/whitelist

Read Whitepaper: https://www.weicrowd.com/white-paper

E-mail: marketing@weicrowd.com

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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Blockchain and ICO Expert David Drake comes onboard as REPU’s Advisor

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Repu, the smart reputation management project, is pleased to welcome the ICO investor and entrepreneur in their Advisory board

REPU, the rating and feedback platform based on decentralized blockchain technology, is expanding its advisory board by welcoming LDJ Capital Chairman David Drake into their team. David will steer  Repu on a number of significant issues such as international business development and investor relations.

Incredible Knowledge and Understanding

David Drake is the highly qualified advisor founder and chairman of LDJ Capital, a family office , that has more than 50 global directors that maintain relations with institutions and family offices with  access to over a trillion worth of assets.

Drake is an expert in the cryptocurrency market and has invested in cryptocurrency even before it  became popular. In 2011, Drake took an active part in developing the JOBS (Jumpstart Our Business Startups) Act, the set of underlying laws which inspired the ICO. In 2012, he represented the US Commerce Department at the EU Commission in Brussels and Rome, as well as in the UK Parliament as a speaker.

Taking into account his vast experience in the field of crowdfunding and regulatory framework, Drake was invited to the White House Champions of Change ceremony in Washington D.C. and spoke at the UK Parliament in 2013.

He has given his insights on international conferences and has spoken at the universities of Cambridge, New York, Columbia, and Cornell. His articles are published in the leading financial publications such as Forbes, WSJ, and Thomson Reuters. Having vast experience in business and investment, he published a couple of business books on investment, business, and finance. Drake’s holdings have media partnership with the European Business Angel Network, European Venture Philanthropy Association, and Angel Capital Association of North America.  He sits on four angel networks and has co-founded two angel networks.

“Using blockchain technology, Repu is poised to elevate the already powerful social network into a more formidable assessment tool for its users,” said Drake. “With its smart management platform, Repu has the potential to identify the user’s weaknesses and strengths based on their interaction with the public, whether the user is an individual or a business. I am delighted to be on board to guide Repu in their ICO journey.”

“Considering David’s experience in ICO and cryptocurrency, we are happy to get his support. Having a deep knowledge of law and funding, Drake will provide us with a valuable help on all stages of ICO and platform development. Our team is really excited about working with David Drake,” – REPU Founders.

About REPU

REPU platform is a unique and revolutionary project that aims to create a new smart rating and feedback system, and improve the existing one in social networks.

It is not a secret that social networks became a powerful tool for promotion and advertising. A number of companies use social networks, such as Facebook, Instagram and others to promote their products and services. Moreover, a number of companies use social networks for employee search and vice versa. It is the reason why a rating becomes incredibly important since there are no objective ratings in social networks, but likes instead.

REPU aims to create a platform where information about companies, services, products, and individuals can be rated transparently with the help of a completely new smart decentralized rating and feedback system. The rating can then be used as an assessment tool in various areas of the individual’s life — from professional skills, financial stability, to all possible aspects of behavior and interaction with the public. The information will be based on real people’s rating and feedback. For each feedback, a user will get a certain amount of REPU tokens that will be used within the platform. The REPU platform will help companies reveal the areas of business that should be improved, while users may express their opinion and earn tokens simultaneously.

The REPU private pre-sale is running live now. To find more information about the project and upcoming public pre-sale, and/or to participate in the current private pre-sale, please visit: https://repu.io/

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Has Bitcoin had its Day?

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“Nothing is guaranteed in life (but) I’ve never been surer of something that this ends really bad for people.”

The ‘Wolf of Wall Street’ Jordan Belfort is convinced that Bitcoin is heading for a fall – although he admits it could still rise to US$50,000 first.

Belfort is far from the only harbinger of doom for Bitcoin – people have been queuing up to call time on the cryptocurrency that captured attention of the world in 2017, with Warren Buffett issuing a similarly gloomy prediction that the Bitcoin bubble will burst. But can it really be the case that Bitcoin has already had its day?

The end of the hype

Bitcoin’s rise in 2017 was certainly eye-catching. Jumping from US$1,000 to US$20,000 defied all expectations. Indeed this rise made everyone sit up and take notice – from experienced economists to rookie traders who could never have previously answered ‘what is a CFD trade?’ but now were keen to invest their cash. It was new, exciting and disruptive.

That initial rush is clearly over now. Once anything gets as big as Bitcoin, critics are always going to be out to knock it from its pedestal with intense scrutiny. The number of transactions – setting aside the price for the moment – has halved since December, even though the price has seen some growth.

That scrutiny has flagged up some facets that people didn’t like: the sheer energy required to mine Bitcoins, for example, was a little too much to stomach for an eco-conscious generation. Then there’s the association with wrongdoing. It might be harsh, but it’s clear that the secrecy and privacy offered by cryptocurrencies does much to attract them to people engaged in some pretty shady behaviour.

The rise of the rivals

Then there’s the fact that Bitcoin isn’t the only show in town. Newer and fresher cryptocurrency rivals have sprung up, catering quite well for those who feel they ‘missed the boat’ as the Bitcoin bubble expanded beyond their spending power. Ethereum is the most established of the up-and-coming rivals, while the likes of Litecoin and Ripple offer greater speed than Bitcoin.

The stronger – and more popular – these rivals become, the more it dilutes the dominance of Bitcoin as the king of the cryptocurrency jungle.

Regulation: The oncoming storm

Perhaps most seriously of all, however, is the fact that regulators are finally starting to catch up with the world of cryptocurrencies. Governments and Central Banks are beginning to flex their muscles, exploring and introducing new rules to curb the practices of the likes of Bitcoin after being caught largely by surprise.

While the new rules haven’t yet been as dramatic as some feared – with talk of outright bans at the turn of the year – the introduction of legislation does suggest that cryptocurrencies will be kept in check. South Korea has led the way so far, but others – including the European Union – have talked of following suit and each whisper and rumour sends a ripple through the market, impacting the price. As The Atlantic noted, “Perhaps that’s the most ironic thing about bitcoin: a system designed to distribute value away from individual authorities is exquisitely sensitive to mere rumors about individual regulators.”

So, is this really the beginning of the end for Bitcoin? It’s important to stress that while the hype has died down and rivals and regulation threaten to undermine its position, these facts don’t necessarily point to an imminent collapse. Even Belfort says there could yet still be some growth left in this story – and any price fall ought to be put in the context of the start of last year. The lowest price for 2018 so far was a little under US$7,000 – still significant growth from January 2017. The advent of regulation might even help Bitcoin, giving cautious investors the confidence that cryptocurrencies are are safe to use.

There are, however, some clear warning signs that no investor should ignore. Given the dramatic shifts we’ve seen so far, it seems that the only safe prediction is that unpredictability beckons for Bitcoin.

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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Study Finds Cryptocurrency Isn’t Among the World’s Payment Trends

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When you’re absorbed in the bubble of the cryptocurrency world, it’s sometimes hard to remember there are plenty of people who still haven’t heard of Bitcoin, let alone Monero, Ethereum, and Ripple. While experts in the industry are busy debating the use of blockchains to expedite payments and eradicate fraud (among a myriad of other things), the majority of the world is blissfully unaware.

But while you can probably cut your parents some slack, and maybe those distant relatives who live out of town, what about WorldPay, the global payment experts? With a reputation for detecting and even shaping the future of payments, according to their research, cryptocurrency will make up a resounding 0% of global e-commerce payments by 2021.

If you’re reading this and thinking, “That’s some BS,” don’t take it up with me. There’s an 800 number you can call on their website. In the meantime, here are some other things the report disclosed:

Credit Cards Are on the Decline

Another hit for VISA and Mastercard comes from outside the crypto world, as the report notes a global rise in alternative payment methods (APMs). In fact, by 2019 (oh right, next year), more than half of all online transactions will be carried out using an APM of some kind. But cryptocurrencies aren’t among them.

The report found that cryptocurrencies currently make up 1% of global online payments, but that number is expected to dwindle to zero by 2021. It should be noted that “zero” does not mean there will not be one single payment made in crypto, or that they’re predicting the four horsemen of the apocalypse. Zero percent actually represents $7 billion (0.2%), but also includes “mobile carrier billing” and “other emerging technologies.”

Bank Transfers Are On the Up

A cold shower in the morning for crypto nerds: bank transfers are actually on their way up as a preferred payment method, particularly in Europe. This APM is set to replace credit cards to become the second most popular e-commerce payment method by 2021, with a 16.5% market share. (Note: “APM” refers to a payment method outside of traditional credit card schemes).

e-Wallets Rule the Roost

Apple Pay, Google Pay and other applications that allow consumers to pay with their phones are gaining traction. But so too are online e-wallet companies like PayPal and AliPay. Since they can be funded in a variety of ways, they offer consumers convenience and flexibility.

Cash Is Not Dead Yet

“We’re living in a cashless society,” you’ve probably heard a thousand times. Well, maybe you are, but the vast majority of the population in Nigeria, Indonesia, India, or the Philippines still relies on coins and bills. WorldPay research found that cash on delivery is still a preferred option in some of these countries, as are cash-funded prepaid cards that have a set spending limit. These are popular among consumers with shaky credit histories, minors, and people with limited means.

What About the Long Term?

The report doesn’t say what WorldPay expects to see beyond 2021. The future, it seems, is anyone’s guess. But if cryptocurrency is going to put the unbanked on the radar and open up large segments of the global economy, it may not be doing so anytime soon.

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Bitcoin Price Watch: Down Another $100, but Trends in Asia Show Promise

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Bitcoin is down another $100. After yesterday’s “high” of roughly $6,700, the currency has dropped down to $6,600. This appears to be an ongoing theme with bitcoin as of late; the currency has been falling by approximately $100 per day since the week began.

Though the price is repeatedly falling, this could suggest that bearish trends are not as powerful as when bitcoin first fell from the $9,000 or even $8,000 range. Additionally, resistance levels could allegedly be strengthening as the technology behind bitcoin incurs further implementation and popularity – especially in the business world.

Indeed, however, the cryptocurrency scene has been marred by several massive decisions over the past few days. In review, we’ve examined that Coincheck may be “rescued” by Monex Group in Tokyo, the second time since Kraken took over Mt. Gox accounts that a victimized Japanese exchange has been “given a backup system.”

Though the price quickly rose to roughly $7,500 following the news, things swiftly took a turn for the worse. The hack on Verge and the cancellation of bitcoin allowances in India – a country that accounts for nearly 10 percent of global bitcoin transactions – certainly imposed repercussions on the digital currency, which may have brought the price down to its current level.

However, it appears a light is glowing at the end of what was looking like a long, dismal and particularly dark tunnel. South Korea – which accounts for nearly 25 percent of the globe’s crypto transactions – is renewing its love for bitcoin following hefty and daring moves towards regulation.

The environment in Korea has been somewhat up-and-down since January, with many sources originally (and falsely) reporting at one time that the country was on the brink of banning crypto exchanges permanently. Though this news was scrapped and the true stories behind upcoming regulation were brought to light, the price of bitcoin took a near-10 percent stumble, and things have gone relatively downhill since then.

To an extent, South Korea is still home to many contradictions surrounding the cryptocurrency arena. The nation’s biggest bank Kookmin, for example, has officially sworn off providing financial services to platforms that deal or trade in digital assets.

This seemed like a nasty blow to a once enthusiastic community, but that move was countered by financial establishments like Shinhan and Woori – two of South Korea’s largest commercial banks. Both institutions have continued to support cryptocurrency platforms, and have backed a growing number of blockchain and bitcoin enterprises since January, ranging from cold wallet storage to the utilization of the Ripple Network.

In addition, Shinhan is now partnering with Ethereum-based banking platform OmiseGo to potentially enhance the blockchain presence in Asia.

CEO Jun Hasegawa released the following statement:

“The OMG platform, using the Plasma architecture, is being built as a public network that is powered by Ethereum. The first phase of the wallet SDK was recently released, and is available for anyone to use. We want to make it easy for those who need an online asset exchange as part of their business to connect seamlessly to the OMG network.”

Financial trends in Asia – particularly in China, Japan and South Korea – have a way of catching on in neighboring countries. If we’re to assume that banks are becoming more open and friendly towards cryptocurrency ventures, it won’t be long before that attitude spreads, which may potentially lead to the recovery bitcoin so rightfully deserves.

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Blockchains in Supply Chain Management: A Deeper Look (Part 2)

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TheMerkle_Supply Chain Blockchain

Walmart, AmerisourceBergen, JD.com, UPS, FedEx, Maersk and many other global giants in the supply chain industry have begun exploring the blockchain to solve their supply challenges. From automation to efficiency and speed, the benefits of doing so have been immense. However, these benefits are not uniform in every field, and neither are the blockchain solutions being pursued.

Autonomy Through Smart Contracts

Smart contracts have been revolutionary and are transforming many industries including insurance and legal services. The supply chain industry is benefiting as well, with smart contracts making autonomy a reality. The supply and distribution industry has tedious and time-consuming processes that delay even the most minute activities for hours. For example, the movement of funds which must be legally authorized by various network participants takes longer than it has to. Smart contracts are changing the narrative, making these processes smooth and autonomous. Since smart contracts are self-executing, most tasks in the supply chain can be autonomous. The execution of a contract is predicated on the outcome of an event. For example, funds can be released from a supplier’s bank account to a manufacturer’s when the supplier receives the goods.

Real-time Tracking

The efficiency of any supply chain is greatly dependent on its ability to respond to changes in real time. A breakdown in the chain, such as if some of the goods in transit are harmed, can lead to losses arising from the supplier’s inability to meet demand. Unfortunately, the current systems in place are ill-prepared for such events. Blockchain-based solutions are, however, able to provide real-time tracking of goods from the producer to the final consumer. In the event that goods are harmed while in transit, the company expecting them can respond in real time by ordering more or seeking a substitute.

Eliminating Counterfeiting

In any supply chain, there is always the looming danger of counterfeits being introduced into the system, especially when goods are changing hands. In some industries, this is extremely dangerous and can cause loss of lives. One such industry is the pharmaceutical industry, which has seen a rise in the number of counterfeit drugs, especially in developing nations like those in Africa and Latin America. In 2010 alone, WHO estimated global fake drug sales to be a $75 billion business, and that number is rising every year.

Blockchain-based systems are helping to curb this toxic behavior through the use of bar codes on drugs in the supply chain. These codes are scanned and entered into a decentralized ledger which is immutable. As the drugs exchange hands, the codes are scanned again and recorded on the ledger. This gives authorized parties the ability to track the drugs as they move through the supply chain to the final consumer. Counterfeit drugs are thus made much easier to spot, and culprits much easier to apprehend. This could save the lives of millions around the world whose conditions are worsened by counterfeit drugs introduced into the system by unscrupulous businessmen with no regard to people’s well-being as long as they make money.

Transparency and Data Availability

The decentralized nature of the blockchain makes transparency a primary principle. While the importance of transparency in financial transactions on the blockchain has been highlighted and praised, its value in the supply chain is just as crucial. Transparency is fostered by the availability of data to all involved parties instantly. Any data recorded on a blockchain can be accessed by any user who is permissioned, which nurtures trust. The ability to track goods throughout the supply chain and investigate any anomalies also fosters trust within the ecosystem, which eventually leads to a more conducive business environment.

Cutting Costs

The streamlining of most processes will lead to cost-cutting for companies in the long run. Activities that delayed the entire process (such as having lawyers sign off on almost every little thing) are being replaced by smart contracts which will save the associated costs for companies. The bulky paperwork that was involved in the shipping process will also eventually become digitized, and the blockchain will be the primary platform where all information related to the supply chain will be found. The costs associated with this will also be spared.

The supply chain industry is experiencing a revolution. Archaic practices are being replaced by more efficient methods, and blockchain technology is at the heart of this revolution. While it’s still in a nascent stage, the benefits have already been demonstrated, and as more development and research is undertaken, the blockchain will become the driver of this crucial sector of the economy.

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Stay tuned for the third and final part of this three-part series.

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Meet Jose Santana Torres and His Puerto Rican Crypto Taxi

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Jose Santana Torres’ first Bitcoin payment for taxi services was sort of an accident. His clients, Logan Ryan Golema and Lauren Slade, paid him an extra $135 for a $15 fare in Bitcoin. Jose’s story is about more than just accepting crypto, however. He is part of an emerging crypto economy on the island following Hurricane Maria. He spoke at the Coin Agenda Conference in March, sharing his story with audiences from around the world. He agreed to this exclusive interview with The Merkle.

Jose’s first crypto taxi ride

“I had no idea how to accept it or if I should, but I told him I’d accept it if he paid for the first taxi ride in cash and Bitcoin for the way back to his hotel. His fare was only $14.97 but he accidentally paid me $147.90. I contacted him to let him know he’d paid an extra $135 [by] accident and ended up giving him extra rides all week to cover the difference. Since then, I learned everything I could about Bitcoin and all my cabs accept it as payment.”

At the time, Jose had heard about Bitcoin a few times, but he wasn’t an investor.

Bitcoin Taxi Service, Anyone?

That first crypto payment is what led Jose to form Puerto Rico’s Bitcoin taxi service. Jose runs both a taxi service – including a VIP luxury fleet – and a second business repairing taxis all over the island. Needless to say, he keeps busy. Now a crypto believer, Jose’s made cryptocurrency payments a standout feature of his business, and he’s holding onto it for the long haul. “All crypto I accepted in my taxi is to invest and ‘hodl’, or hold onto for the future. I am saving for my retirement.” Jose also accepts Ethereum, Bitcoin Cash, Litecoin, Lisk and TravelFlex.

Building a Business

Jose started his taxi service twenty years ago as a family business after studying electronic engineering and serving in the U.S. military. “A couple years into the taxi business, I opened up an auto body shop for taxi vehicles. Taxi-Meter Shop, my second business, serves all taxi drivers in Puerto Rico in need of repairs or help with meter services. In 2012, with my taxi and auto mechanic experience, I opened a new division in my business to cater to high-end clients called Taxi Concept Puerto Rico.”

Hurricane Maria’s Effects

Last year, after the hurricane, tourists stopped visiting, buildings were destroyed, and understandably, Jose lost a lot of taxi business. “I wanted to help in the efforts of rebuilding Puerto Rico. I started working as an Emergency Response Official with FEMA for the next three months. Today, we continue to rebuild Puerto Rico, and that makes me proud.”

Puerto Rico’s Emerging Crypto Economy

He hopes for a “crypto utopia”, as many are calling it, to be a place where U.S. investors looking for tax savings and Puerto Ricans can combine their talents. “Yes, there’s great tax advantages, but I would also like to see these investors bring in local entrepreneurs and students here in Puerto Rico. There are a lot of students graduating that emigrate straight to the United States for a better future. I would like them to stay and apply their skill here, to build a better Puerto Rico.”

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Photo: Jose Santana Torres with AnthemGold’s CEO, Anthem Blanchard, and his wife, Cynthia French Blanchard.

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What Is Xaurum Cryptocurrency?

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TheMerkle Hive Drops Gold Mining Cryptocurrency

With the advent of smartphone-enabled payment portals and finance apps, the landscape of the payment market has been changed irreversibly. Experts suggest that this trend is here to stay, especially since blockchain technology has become increasingly prevalent.

Xaurum can be thought of as a representative cryptocurrency that is based upon a gold reserve model and is ever-increasing in its value. To be more specific, this alt-currency is designed to be a value storage entity that distributes profit obtained from created money (seigniorage), thereby allowing investors to earn steady revenue streams on the side.

Xaurum brings together a host of different financial entities to establish a stable ecosystem. Some of these key economic agents include:

  • A commonwealth gold reserve
  • Traders and buyers
  • Money creators and destroyers

Moreover, an increase in the amount of commonwealth gold provides the basis of unity of interests for all economic agents within this platform. Since physical gold is used as the standard that determines the exchange value of Xaurum, the entire process is dictated by a centralized body – Auresco Institute – that oversees the creation and destruction of money. This independent body was created for the specific purpose of overseeing the money creation process, which sustains itself via the rebate it generates automatically.

Overview

  • This currency is based upon a Profit Inflation Model. As more Xaurum tokens are created and exchanged, the greater the value of each coin (in gold) becomes.
  • Since the currency is backed by physical gold, it has the potential to keep growing in value over time.
  • Currency holders have the option of exchanging their tokens for real gold at any time.
  • Transaction fees are gathered and maintained in a common ledger. After a defined period of time, the accumulated value is then distributed among all of the users of this network.
  • Because the platform is driven by the Ethereum blockchain, it is able to provide users with a high level of security and privacy.

Key Features

Firstly, Xaurum proposes a shared system that allows for the even distribution of seigniorage between the principal money creator and the rest of the users. This not only helps democratize the way in which the entire setup runs but also establishes more consumer confidence.

Overview of Xaurum’s business model

Additionally, to promote increased system usability, the platform separates the consensus mechanisms of implementation from the value on the ledger, thereby allowing for the incorporation of newer technologies as they are developed. Not only that, but Xaurum uses the commonwealth concept in an effort to unify the interests of money creators and users.

The cost of this currency is determined by two primary factors:

  • Quantity of gold reserves
  • Market price

All other functions of the token are based upon its role as a value storage unit. Its value is a combination of intrinsic digital asset information and extrinsic value as a representation of a physical asset.

                           

 The flow of money within the Xaurum ecosystem

Lastly, Xaurum controls the issue of artificial scarcity in a unique manner. It bases its scarcity model upon the quantity of gold required for new money to enter circulation, thereby allowing for more currency stability.

How Xaurum Works

The value of Xaurum (or XAUR) tokens increases with each newly issued coin. As a result, the amount of gold backing the currency becomes greater relative to the amount of XAUR issued.

Every transaction processed through this platform allows for an increase in revenue for XAUR holders.

Transaction scheme employed by the platform

It should also be noted that Xaurum provides its customer base with stable monetary growth, and all acquired profits are distributed equally among coin holders.

Positive inflation (or an increasing gold ratio) also plays a part in all this, and as time progresses, new Xaurum mints will add the full value of gold to the gold base. Every new edition of Xaurum covers the value of the previous one with fresh gold.

Additionally, every transaction gradually improves the XAUR/gold ratio, with each transaction leaving behind a small revenue stream which then encompasses the remaining cash stock.

Lastly, this currency is easily transferable, mobile and borderless. Its short liquidation time means everyone can sell Xaurum through an exchange in less than five seconds.

About the project

Gasper Kenda is the co-founder of this venture. In addition, Gasper is also the CEO of Auresco Institute. In the past, he has been linked with many high-profile projects and has been in the digital domain for nearly a decade now.

Matija Pribosic is the back end developer for this platform. His previous work experience includes:

  • Raspotija — co-editor and graphics advisor
  • DPU SND — visiting lecturer and faculty member
  • Tribuna — student correspondent and writer

Lastly, Roman Puhek is one of the technical brains behind this project. He has been in this sector for some time now and has previously worked at:

  • Aragorn — CEO and owner
  • Libereko — co-founder
  • Marand — management board advisor

Token Performance History

Introduced into the crypto market back in 2015, XAUR has experienced many highs and lows over the course of the past three years.

XAUR token three-month performance chart (courtesy of CoinMarketCap)

In August 2016, the currency was trading for US$0.11. XAUR’s value surged in 2017 when the price of a single token touched US$0.285. In recent weeks, the price of XAUR has stabilized, and its value currently stands at US$0.081 per token (as of the 5th of April, 2018).

Final Thoughts

Xaurum brings to the table a highly innovative crypto service that has the potential to become one of the most talked about cryptocurrencies of 2018. Since gold can never go out of fashion, it remains to be seen how the investment market will continue to utilize this platform and foster its use around the world.

If you would like to start investing in Xaurum, XAUR trading pairs are currently available on HitBTC, Livecoin, Mercatox, and C-CEX.

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New Atomic Swap Interface for the Lightning Network Is in Development

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Lightning Network Bitcoin

The Lightning Network is one of the biggest current developments for Bitcoin. It is a layer-two scaling solution which will introduce a lot of new opportunities. Making this technology more accessible is not easy, even though DMG Blockchain Solutions is looking into ways to improve the Lightning protocol.

Harnessing the Power of Lightning

In the world of cryptocurrencies, scalability has always been a major concern. This holds true for Bitcoin as well as for all other altcoins. Things are not looking so great right now, but vast technical improvements will be coming in the near future. For Bitcoin, the Lightning Network is one of those developments of which people have incredibly high expectations.

Even though the Lightning Network is still in the testing phase as of right now, there is still a ton of work to be done before LN is even ready to be used. DMG Blockchain Solutions is looking for ways to improve upon this protocol. With a strong focus on higher transaction throughput and scaling Bitcoin in every way possible, the company has the same vision as most other developers working on this technology.

As of now, the Lightning protocol is not all that easy to access for the everyday user. There is no convenient user interface to speak of, which is always a big concern when it comes to cryptocurrency. This is where DMG Blockchain Solutions comes in, as one of its developers is working on a user-friendly visual swapping tool which will highlight one particular aspect of the Lightning protocol.

With this tool, users should be able to swap between various cryptocurrencies with the help of the open-source Lightning protocol. This technology is used by the developers of Bitcoin, Litecoin, and a few other currencies. In a way, this new interface will make cross-chain atomic swaps a lot easier, while still benefiting from the Lightning protocol itself.

DMG’s CTO, Danny Yang, commented as follows:

DMG, along with others in the bitcoin community, is adding its technical resources and time to build the basis for a more scalable version of the Bitcoin network. As both coin mining and blockchain technology have gained traction even among large businesses, we see more payments and commercial transactions happening over cryptocurrency networks. We all stand to gain by making bitcoin-based transactions more affordable and accessible.

All of this further confirms there is a genuine interest by developers to work with the Lightning protocol, as it is a massive breakthrough for cryptocurrencies as a whole. Individual coins will receive scaling and micropayments, whereas the industry will slowly migrate away from centralized exchanges. It seems to be a solution in which everyone wins, assuming it can be made convenient enough for less tech-savvy users to access. 

HashFlare

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