Binance CEO Explains How CBDCs Could Replace Bitcoin

Binance CFO Wei Zhou about Bitcoin SV delisting & Binance blockchain!

Binance CFO Wei Zhou about Bitcoin SV delisting & Binance blockchain! submitted by BlockchainStories to binance [link] [comments]

I am Richie Lai, co-founder of Bittrex, and today I’m joined by some industry colleagues, so you can Ask Us Anything on the Bitcoin Halvening.

My name is Richie Lai, I am the co-founder of Bittrex, one of the longest running cryptocurrency exchanges on earth.
Today I’m joined by a few colleagues and friends to answer your questions about the Bitcoin halving. With the spike in interest in Bitcoin because of the economy, the COVID-19 pandemic, and the halving around the corner, we thought this would be an interesting discussion.
I’ve been involved with Bitcoin since the very early days; mining in 2011, our first bitcoin business in 2012, and finally Bittrex in 2013. Our business now has millions of users and the Bitcoin Halving aka “The Halvening” has been top of mind for everyone recently. As the Halvening approaches, we are working 24/7 to support the increased demand—so ask us anything about the Bitcoin Halving!
By the way, in celebration of the Bitcoin Halvening we are also hosting a reddit giveaway of half of a Bitcoin for someone in the USA, and another half of a Bitcoin for someone outside the USA. Contest details will be shared on Bitcoin shortly.
Joining us today on IAmA:
Richie Lai Co-Founder of Bittrex and lover of Bitcoin
Prior to Bittrex I was at Amazon, Qualys, and Microsoft. I’m a long-time believer in Bitcoin, and avid sports junkie. You might also find me at a stadium in Seattle watching the Seahawks, the Sounders, the new hockey team, or hopefully a basketball team one day.
Find me on reddit @richiela, and on Twitter @richiela.
Proof: https://i.redd.it/xnx2saxh70x41.jpg
Tom Albright CEO Bittrex Global
I’m the chief executive officer and a director of Bittrex Global. We’re an exchange based in Vaduz, Liechtenstein in the heart of crypto valley that utilizes the Bittrex technology platform. Prior to becoming CEO in February 2020, I was general counsel of Bittrex, Inc. I’m at Bittrex Global because I’m passionate about Bitcoin and crypto and how they will change the world.
You can find me on reddit @tomalbrightBG, Twitter @_tom_albright and on LinkedIn.
Proof: https://i.redd.it/sioc5ktl70x41.jpg
Stephen Stonberg CFO & COO Bittrex Global
I am the CFO and COO for Bittrex Global, based in Vaduz, Liechtenstein. I have 20 years in the Traditional Finance and Asset Management industry. Prior to Bittrex Global, I was with Binance doing business development in their global operations. Prior to Binance, I was in the Investment Management Division at Goldman Sachs, a Managing Director at Credit Suisse, J.P. Morgan and Deutsche Bank, and a Partner at Brevan Howard and Winton Capital.
You can find me on reddit @StephenStonberg, Twitter @StephenStonberg, and LinkedIn.
Proof: https://i.redd.it/7cj432nc80x41.jpg
Rahul Sood creator of Microsoft Ventures, co-founder of Unikrn
I am the co-founder of the Esports Entertainment platform Unikrn and a long-time tech entrepreneur.
Unikrn was founded in 2013, and we are backed by Mark Cuban, Ashton Kutcher, Shari Redstone, Liz Murdoch, and many others. I’m here because I love Bitcoin, and my business foundationally uses blockchain technology and we accept multiple cryptocurrencies including Bitcoin. We’re currently experiencing a significant spike in new users due to COVID-19—things are pretty nuts considering traditional sports are on pause and esports are . Besides esports, I’m also a massive Seahawks fan.
You can find me on reddit at @voodooftw, Twitter @rahulsood and on LinkedIn.
Proof: https://i.redd.it/h28qjzri80x41.jpg
submitted by richiela to IAmA [link] [comments]

Bruno's message

Focus everyone:
When Oyster boomed in December I wanted to go on a huge hiring spree. I was always very product focused but people only wanted to hear about marketing. Chris Bamber approached me along with Bill. Bill turned out to be an honest and hardworking guy (as CFO), but Chris did next to nothing. I paid each member of c-suite 1 million PRL each which was evaluated at half a million dollars each.
Chris bailed on us for the exponential hiring. Why was I so pushy about hiring? Because I knew Bitcoin and all of crypto was in a bubble. I sold a lot of my own PRL and PRL for the treasury but Bill preached hesitation instead.
Then ETH went from $1200 to $200. It became difficult to keep hiring people, my plan for a large robust team of developers was blocked. I spent downtime to start healing from trauma I was going through.
Then Bill told the group that we got accepted on Binance. That’s when the problems started. The price immediately started pumping from 4c to 26c. I warned Bill against insider trading, he didn’t care. So instead of him and his VC friends dumping on you, I dumped on him.
I advise all of you to get out of crypto. Go educate yourselves about what is happening with Tether. The entire crypto sphere is a giant Ponzi scheme. I warned all of you, multiple times, in private and public, and nobody listens. Ethereum is going back to $5, if you want to sell back to a greater fool then you will only find yourself to be that fool.
https://twitter.com/Bitfinexed/
https://reddit.com/buttcoin
What will now happen:
  1. Bill, you’re fired.
  2. I am going to program the protocol on my own, gradually. If someone wants to help me they can do so free of charge. No marketing, no nonsense.
  3. PRL will still be the valid token used by the protocol (no contract swap).
  4. I reject the Binance listing and I don’t want Kucoin to re-activate our listings.
  5. Focus on the storage peg, that is what brings value to the token, not your Ponzi-Shenanigans.
If you want to buy only to sell to a greater fool, then you are that greater fool. PRL and SHL are not to be listed on an exchange until they are actual functioning products. I will also consider revealing my identity over the next few days. I will be posting updates on development after I straighten out this situation.
I am now going to dump as many chat logs as I can to show what happened with Oyster.
UPDATE:
If you want to play greater-fool games with Bill and co, and there is an overwhelming vote in support for Oyster becoming a permaponzi, then I will leave you all to have fun with it.
If you want PRL to operate as I've described in the whitepaper, everyone is fired and I will slowly but surely work on the protocol and post progress publicly. The last time I hired a bunch of people and threw money at them they turned it into a circus.
However, I don't believe there will be electricity running through the power grid soon. I sent this video and others like it a long time ago to this chat:
https://www.youtube.com/watch?v=VOMWzjrRiBg
Go learn about peak oil and the fractional reserve banking system. The stock shale bubble is an obfuscated means to subsidize the price of oil. In Brazil, Indonesia, and other developing nations, the price of oil is subsidized with debt directly by the government. When the debt bubble pops, the price of oil will skyrocket, trucks won't be bringing produce into your city let alone computers won't be spending energy to secure the blockchain.
I believe in Oyster as a product, but I don't believe there will be a future to host it. I will program it since the program is a promise from me, but don't complain that Oyster isn't running when a banana costs $5,000.
Anyone here who has swiped a credit card or taken an interest-bearing loan has the blood of the incoming collapse on their hands. Billions of people will die, there are massive droughts and food shortages as we speak. I've made a lot of dollars by selling PRL, I immediatelly ditched the dollars to buy real things so that I can protect myself and my family from the collapse. That's all I ever wanted, and now that I have that secured, I will deliver the protocol which I promised myself. Give me some time to get my head straight after these dramatic few days, I will gradually post progress on github.
You can also buy popcorn futures on /buttcoin.
submitted by thehugeshort to Oyster [link] [comments]

Tron founder gives 1 BTC to Warren Buffett

Tron founder gives 1 BTC to Warren Buffett

https://preview.redd.it/eq0f1pk12jf41.jpg?width=1280&format=pjpg&auto=webp&s=9694cc03e85a716c0021d86a14e47b9911a9682f
The hotly anticipated dinner of Tron CEO Justin Sun and the famous investor Warren Buffett finally took place. Sun won this opportunity at a charity auction, having paid $ 4.5 million for the meeting.
The dinner guests also included other representatives of the crypto industrу: the litecoin founder, Charlie Lee, the CEO of the eToro investment platform, Yoni Assia, the CFO of Huobi, Chris Lee, and the head of the Binance Charity Foundation, Helen Hai.
Sun said that he gave Buffett his first bitcoin along 1,930,830 TRX coins (worth $43,758) a number that corresponds with Buffet’s birthday.
“Warren Buffett received his first Bitcoin! This lucky Bitcoin is safely stored in his Samsung Galaxy Fold. Since I gifted him this Bitcoin, BTC has increased 16%! Hope it continues to moon!” – the Tron founder tweeted.
He added that he was grateful to Buffett for the advice and guidance he plans to use “to make TRON a better ecosystem, business with all the partners in the blockchain space and beyond.”
submitted by bestchange_pr to bestchange [link] [comments]

The Manipulation of Crypto 2018, Outlined.

This entire downward trajectory and war on crypto started with Bill Gates, February 28th saying "cryptocurrency kills in a fairly directly way" in a reddit AMA. Previously Bill has been very positive on bitcoin. Microsoft has accepted it for years. It wasn't priced in psychologically as it lingered until March 7th. The day in which there was fake news about a Binance hack which never existed.
CHECK THE PRICES
https://imgur.com/a/1EvzfeR March we had Google banning ads MARCH 14TH. Then you had Facebook ban ads one week. YouTube the next, Twitter the next. Taking their time to suppress further and further.
CHECK THE PRICES
https://imgur.com/a/wCCgfph
https://imgur.com/a/wlwGBuF
Then in May we had Warren Buffett, Bill Gates, and Charles Munger interviewed on CNBC. Attacking relentlessly. It was one of the 1st questions in the interview with 3 very important people in finance as they asked them collectively. If you don't think this was planned, please reevaluate. Interviews with people of this magnitude have pre-written questions that are approved ahead of time. The Federal Reserve openly attacking it publicly in May. Authorities looking into "price manipulation". When the only price manipulation was the actual news about price manipulation.
https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe
May charts - The interview was May 7th.
https://imgur.com/a/WxIHfnX
After that it was probe "cracking down" on crypto. When they have had tools to track crypto for chain analysis for years. There's been a major piece of FUD news at least once a month for the past 7 months. Look at the charts for correlation. If you see a big dip, you will see there was FUD that day.
South Korea ban MARCH 6TH, South Korea unban, South Korea exchange raids MARCH 11TH. China reiterating their ban. India ban JULY 3RD, India unban, India ban. SEC same cycle (has been + lately). CFTC same cycle. Russia same cycle.
South Korea -
https://cointelegraph.com/news/south-korean-government-bans-officials-from-crypto-holding-and-trading
https://www.coindesk.com/south-korea-may-lift-ico-ban/
https://imgur.com/a/PzrROKg
https://www.coindesk.com/indias-supreme-court-continues-ban-on-cryptocurrency-exchanges/
https://cointelegraph.com/news/is-india-about-to-reverse-its-crypto-trade-ban
https://imgur.com/a/WmsTfFg
https://imgur.com/a/oldr1gr
Now recently the FUD play is coming from banks. JP Morgan (has crypto patents DYOR) is bullish and might offer custodian services. The next month Dimon calls it all a scam. Same from Goldman. Same from Mastercard (has crypto patents DYOR). Same from PayPal (has crypto patents DYOR) and American Express (has crypto patents DYOR).
Mastercard CEO - July 26th.
https://cointelegraph.com/news/mastercard-ceo-calls-anonymous-cryptocurrencies-junk-again
https://imgur.com/a/W3VsvHA
https://www.bloomberg.com/news/articles/2018-06-18/regulated-crypto-custody-is-almost-here-it-s-a-game-changer
AUGUST 4TH -
https://cointelegraph.com/news/jpmorgan-ceo-jamie-dimon-returns-to-bitcoin-bashing-calls-cryptocurrency-a-scam
https://imgur.com/a/gbuYloF
Goldman Sachs FUD - confirmed as fake news.
September 5th -
https://www.cnbc.com/2018/09/05/bitcoin-falls-after-goldman-reportedly-drops-crypto-trading-plans.html
https://imgur.com/a/gGtN16h
Corrective report, it didn't matter considering it was already priced in and everyone was panicked
https://cointelegraph.com/news/goldman-sachs-cfo-recent-reports-about-crypto-trading-desk-are-fake-news
In addition, how many times will we be played by FUDdesk or coin-sell-graph with unnamed sources and unconfirmed reports? Or using "A NYSE trader" as a legitimate source.
https://cointelegraph.com/news/nyse-trader-following-bakkt-launch-bitcoin-is-very-iffy/
Or "An IT worker" today.
https://cointelegraph.com/news/it-analyst-jason-bloomberg-what-im-really-saying-is-shut-down-permissionless-blockchains
How many times are we going to be this stupid? Will this ever end? Go ahead and down vote me into nothing you astro turfing, hired bots. See the bigger picture. All tactical analysis stems from news. News has been controlling the price down to get retail to sell as illustrated. As you can see, centralized institutions have seized power in this space, not surprisingly. Convince me otherwise. Thank you for reading.
submitted by HitWithTheWOWeffect to ethtrader [link] [comments]

Tron founder gives 1 BTC to Warren Buffett

Tron founder gives 1 BTC to Warren Buffett


The hotly anticipated dinner of Tron CEO Justin Sun and the famous investor Warren Buffett finally took place. Sun won this opportunity at a charity auction, having paid $ 4.5 million for the meeting.
The dinner guests also included other representatives of the crypto industrу: the litecoin founder, Charlie Lee, the CEO of the eToro investment platform, Yoni Assia, the CFO of Huobi, Chris Lee, and the head of the Binance Charity Foundation, Helen Hai.
Sun said that he gave Buffett his first bitcoin along 1,930,830 TRX coins (worth $43,758) a number that corresponds with Buffet’s birthday.
“Warren Buffett received his first Bitcoin! This lucky Bitcoin is safely stored in his Samsung Galaxy Fold. Since I gifted him this Bitcoin, BTC has increased 16%! Hope it continues to moon!” – the Tron founder tweeted.
He added that he was grateful to Buffett for the advice and guidance he plans to use “to make TRON a better ecosystem, business with all the partners in the blockchain space and beyond.”
submitted by bestchange_pr to bestchange [link] [comments]

NYC Meetup - Full Summary!

Following up on my other post which shared only a few high level points I thought people would be interested in, here's a more in-depth summary of the meetup. THIS IS VERY LONG! I don't really have a TL;DR beyond my other short highlight thread, but I think there are some other high level summaries. This is for those who want a very thorough recap of what was discussed. I'm happy to update this with anything shared in the comments which I remember and think is additive to the summary, definitely didn't catch every single thing.
I'm leaving out a few talking points/questions that either 1) I didn't totally catch, 2) provided no incremental information or 3) were just bad questions (there were some).
Sunny's Speech
Sunny began with a history of blockchain, from the bitcoin whitepaper to the first few alt coins to the advent of Ethereum. He then went on to discuss the extent to which these various stages involved meaningful/useful innovation: original alt coins did not, ethereum of course did, but is heavily flawed for enterprise use. He then went on to discuss what those primary flaws are and how VeChain is trying to solve them (scalability, governance, cost, etc.) He noted that technology is not blockchain's biggest obstacle, it's adoption. He talked about how, although some people will tell him to "get lost or something" he doesn't really believe in full decentralization. I think his point was that although it's nice in theory, it just isn't really practical, and it's a bad approach in particular for trying to get this new blockchain technology adopted in the mainstream. This goes back to something he said in another interview at some point - you can't just come in with totally new, radical technology outside the existing framework and replace everything that exists from the outside. You have to start within the existing framework, show people what's possible, and then change the system from the inside out.
He went on to discuss what he sees as problems with some of the existing projects. Talked about how projects in the top 20 have ecosystems worth 2 billion dollars, hold hundreds of millions of dollars worth of their own tokens to be used for the project's development etc., but they don't have a CFO. He thinks that should concern people.
I don't remember exactly where it fit in the narrative, but he discussed valuation/speculation. He pointed out that they have a number of their university research partners trying to work out token valuation models. He made a general point that more utility should equal more value, the implication being VeChain will have more real utility (and should therefore have more value) than any other blockchain. They had a slide showing some calculations and pointed out that if you look at the known metrics, the dividends, etc., the price of Google's stock is 85.7% speculation. Only $161 of it's $1,128 value (at the time they ran these numbers) can be tied to the current value. For Tencent, it's 93.5% speculation. He jokingly pointed out that in crypto it's about 99.99%, but I think one of the unspoken points here is that it's silly to think that on mainnet launch speculation about the future value is going to go away and you'll just have token value based on current Thor production. That isn't how markets or valuation work.
He then basically mocked people complaining about the code not yet being open source, and there being no whitepaper - the people who think these are red flags and that the project might be a 'scam'. As if PwC and DNV GL didn't do extensive diligence.
On this point, I'll quote GarzyWarzy from another thread:
"Sunny mentioned that the crypto community as a whole doesn’t seem to appreciate the level of reputational risk that these multi billion dollar enterprise partners take by publicly backing a blockchain startup (“what do people think would happen if PwC backed us and we failed in 6 months?”). As an investment banker who deals extensively with corporate governance issues and every type of business risk imaginable, I will add my two cents that this risk is massive and that is it a clear sign of extensive diligence and extreme trust in the VeChain team to execute their business plan for developing their ecosystem. Always remember, “it takes many years to build a reputation, and seconds to ruin it”."
I'm a corporate lawyer and couldn't agree with this more. The people who think a whitepaper (which they likely wouldn't even understand) is more reassuring than the endorsement by DNV GL, PwC, Draper and Breyer (who would never, ever make such an investment without extensive due diligence) have no idea how things work in the corporate world. DNV GL and PwC are recommending VeChain to clients, and Draper and Breyer have made investments through their funds, where they have a fiduciary duty to the investors in those funds. The amount of diligence that occurs before taking those reputational and legal (negligence, breach of fiduciary duty, etc.) risks is truly exhaustive.
Back to adoption, Sunny went on to compare blockchain to TCP/IP, as he's done in the past. Most people use email every day, but do they care about TCP/IP? Of course not. Blockchain will be the protocol infrastructure for things people use every day, whether they know it or not.
At this point, continuing to talk about adoption and use cases, he mentioned that they signed a top 3 insurance company in China as a client, and he also mentioned a CRM use case that's in the works.
He said the whitepaper will be out in a few days, and will explain a lot of what they're doing/what they're trying to do, and what some of the use cases are. They are focused on developing as many practical use cases as possible - this is how you get adoption. Once the use cases are defined, you can start "developing killer dApps" in relation to them. I think this is, to some degree, a subtle shot at Ethereum - his point here being that developing lots of dApps on a platform doesn't really mean much unless those dApps actually relate to a practical, defined real world use cases which ensures they will be used and adopted.
The whitepaper took so long because, in Sunny's words, his "english sucks" and after he wrote it, his teams needed to double, triple, and quadruple review/edit/refine what he wrote so that it is in professional english.
Back to adoption, he stated there are around 13/14 crypto projects they are working with who intend to use VeChain (either porting over from Ethereum or launching an ICO on the platform. More on this in the Q&A section). One of them is a company that already generates $50 million/month in revenue and want to 'blockchain-ize' their business. He pointed out here this is a company that isn't just interested in padding their coffers - they have money, that isn't an issue. These are the types of projects they like to work with. They aren't interested in being a 'shitcoin generator' (this was said by Sunny in the Q&A and got a laugh and round of applause). Last point on this, he noted that BitOcean is taking so long because the "Japanese government are being assholes". That's a direct quote. Sunny is hilarious. I can't overstate how likable he is - he comes off as a down to earth, cool, funny and easy going guy.
Kevin's Speech
Next, Kevin spoke. This was a short update on authority nodes and the mainnet. He mentioned that most projects have masternodes as basically a marketing tool, they aren't that meaningful or necessary. VeChain's authority masternodes are essential to the ecosystem. You can not become an authority node if you can not meaningfully contribute to growing the ecosystem. There is no room for negotiation on this. They aren't interested in having random people running validating authority nodes for profit and nothing else. As far as the application process, they received over 100 applications and are expecting more (authority node application and monitoring process will be ongoing to make sure VeChain has the best authority nodes possible and that each node is continuing to fulfill all of its obligations). As far as the applicant pool, they were about 71% enterprise, 29% individual. About 52% China, 23% America, then a mix of HK, Singapore, Japan, and others.
He then addressed the mainnet. Internal testing is done, they are now moving on to the public alpha testing, which is by invite only and is not the open source phase. This phase starts today and includes a number of professional firms auditing the code: PwC's cybersecurity team, secureware.io, Slow Mist, and Hosho. They will also be putting a bug bounty on Hacken eventually, finding a critical vulnerability could get you up to 2000 VEN tokens. This private testing will go on for a few weeks, before the public testing begins in early June which involves the code becoming open source - as of now, they expect it to start in the first week or two of June.
Then, he announced the 1 VEN to 100 VET token split. The example he gave was talking to friends about buying Bitcoin - some responded "it's already $8000, I can't buy a bitcoin I can't afford it". Kevin would respond, well actually you can buy .001 bitcoin if you want... and then they'd lose interest. I think what he's getting at is they want to be prepared for years down the road when demand is enormous - they don't want people dealing in fractions. Yes, I'm also sure they are aware of the implications for this in terms of price and the attractiveness of a 5 cent token verses a 5 dollar token. I don't deny that. Look at fucking Tron.
The Q&A Session
Someone asked about how the authority nodes will be monitored. Kevin explained there will be a dedicated team for this. They are serious about having the highest quality authority nodes and holding them to the standards they expect. There will be a quarterly review process, and any issues will be brought to the Steering Committee, which may decide to remove/replace an authority nodeholder if they aren't contributing and fulfilling their obligations. He noted that the whitepaper will include a thorough section on their governance model.
Question about it being difficult, currently, for companies (especially in the west) to find out how to contact them and work with them. What are VeChain's plans in terms of a business development team, marketing, etc. Sunny explained that while obviously they'll have an internal BD team, and this is being built out, they also want to heavily leverage the resources of the community. In a way, the community will be a giant business development team, and they will create standard toolkits for the community to use to market/introduce VeChain to people in the first instance. The guy then asked what if I got you Pfizer - that's enormous, what's my incentive? Sunny responded there will be rewards in VET tokens for bringing them clients.
I don't remember what the exact question was, but it was noted at this point that although the private, consortium chain is an Ethereum fork, the mainnet was built from scratch and is not an Ethereum fork. They did intentionally use the Ethereum Virtual Machine, though, so that Ethereum dApps can be easily ported over to VeChain. It sounds like they expect this to happen quite a bit. They also talked about how they went through the web3 libraries and 80% will be able to work directly with VeChain. They want interoperability, compatibility, and ultimately, an easy transition for Ethereum developers and dApps.
Someone asked about them building out their own IoT business or letting others do the IoT work. Sunny talked about how he believes IoT is the way to connect blockchain to the physical world. There was a story not worth sharing about why they initially acquired an IoT team, but he gave this example: when Apple first released the app store and the ability to develop, nobody knew how or used it. So, Apple built the apps themselves and basically showed everybody what was possible and how to do it by example. So too will VeChain take this approach. They are partnering with IoT manufacturers and developing some of their own IoT solutions, and they'll continue to do this, but the point isn't to dominate IoT. They are showing the world by example what can be done in terms of IoT on the VeChain platform, and they ultimately want people/enterprises to be able to create their own value and their own IoT solutions on the VeChain blockchain. Anyone who wants to do so will be able to.
Question about enterprises buying once the enterprise pool runs out - what happens if enterprises aren't comfortable doing what all of us have done (wiring money to a fiat gateway exchange, buying bitcoin/ethereum, moving it to binance, buying in the market, transferring out of binance, etc.). Kevin isn't really worried about this. They are talking to exchanges and service providers about it, they're talking to Circle about fiat pairing, etc., but realistically Kevin can see that exchanges are becoming more advanced and that ultimately they will be institutionalized in a way that basically just mitigates this concern.
Question about storage of VET tokens after mainnet. There will be a mobile wallet launch at the exact same time. This mobile wallet will 1) facilitate the token swap from VEN to VET (most people will probably do this on exchanges, but eventually you'll be able to do it in the mobile wallet if you missed doing it on an exchange), 2) have a module that shows you what kind of node you are, 3) automatically receive your generated Thor, and 4) eventually allow you to hold other ERC-20 tokens. They also mentioned that although they're talking to ledger, etc. they are developing their own hardware wallet. Kevin explained this is essential for enterprises serving as authority nodes or holding large amounts of VET. They aren't going online and ordering a ledger and setting it up. VeChain needs to be able to provide this service and assurance for them, and they will. This is why these guys are lightyears ahead in terms of enterprise adoption. They've thought about these things.
Question about 'competitors' like Waltonchain. First, Sunny goes "who?" and Kevin goes "what's Waltonchain?" But then Sunny went on by saying the "right" thing - there are no competitors in such a fledgling industry. He would love to hold hands with the other blockchain projects trying to do good things, and walk into the future together. He thinks projects can learn from each other and help each other. They aren't trying to crush competitors or beat anyone or anything like that. However, Sunny also jokingly asked "Seriously, why do people think Waltonchain is our competitor? We are what, 15th biggest project, and they are...?" He also went on to say that he is judging some competition or tech demo later this month on the 26th-28th, and that Waltonchain is the demo product. He thinks this is sort of funny, but also said if their product is great and the demo is good, there is no reason he wouldn't support them, vote for them, etc.
Question about Breyer and Draper relationships. Draper is invested in many cryptocurrency projects and many companies, has tons of connections, and he gives VeChain a way of talking to all of those projects/companies. Breyer was the one who set them up with the research team at a Chinese university, he was the link to Circle to discuss fiat onramps, etc. The connections these guys bring are tremendous. I should note here that in a small group conversation with Kevin during the networking portion after the speeches, which was initiated by GarzyWarzy (perhaps he can elaborate further), he confirmed that Breyer and Draper are both meaningfully invested in tokens, not just equity of the technology portion of the company.
Some clown actually used up time to ask "is CCK here?" Sunny said someone asked him this at Harvard also, and he was absolutely adamant that he doesn't know who this person is or how they are getting the information they have. He did not comment on it beyond that. He clearly thought it was a dumb question and said seriously that once and for all, he really doesn't know who it is.
Question about how many projects will be running on the mainnet day 1. Sunny said it's hard to say for sure, but that there are currently between 20 and 25 use cases deployed on the consortium chain, all of which will be moved over in the first few months. He also mentioned the 15ish crypto projects that will be moving over to or launching on the platform, and the fact that their client pipeline is now over 250. He transitioned a bit from this point to discuss how they "don't want to be a shitcoin generator". If you come to them with a project that is just an ICO with a whitepaper and no product, no proof of concept, etc., they're not going to want you to launch that. They would rather invest in you if they think you're a good project, help you develop those things, prove out what you're trying to do, then help you launch a serious ICO or dApp with a real use case. Again, they are all about practical use cases, this is the path to adoption. That said, the project will be open source ("you guys asked for open source, so") there will be some shitcoins, it's unavoidable.
I think that covers most of what I remember. Hope you all enjoy!
submitted by CryptopherWalken to Vechain [link] [comments]

QuadrigaCX: A history of suspicious activity

This is a compilation of everything suspicious I found with Quadriga. Please let me know if there’s anything incorrect or missing

Early History (2013-2017)
All account fundings are considered to be purchases of QuadrigaCX Bucks. These are units that are used for the purposes of purchasing Bitcoin or other cryptocurrencies. QuadrigaCX Bucks are NOT Canadian Dollars. Any notation of $, CAD, or USD refers to an equivalent unit in QuadrigaCX Bucks, which exist for the sole purpose of buying and selling Bitcoin and other cryptocurrencies.
QuadrigaCX is NOT a financial institution, bank, credit union, trust, or deposit business. We DO NOT take Deposits. We exist solely for the purposes of buying and selling cryptocurrencies.

Banking troubles throughout 2018

Period leading up to Gerry’s death

Gerry’s death and announcement

Chain analysis of the crypto trapped in cold storage

Formal Active Investigations

References:
Quadriga’s History
CCN Article listing suspicious activity
Court Documents
submitted by crashcow51 to QuadrigaCX2 [link] [comments]

Find Out Why Institutions Will Flood the Bitcoin Market

As originally written via CoinLive: (improved reading experience)
Back in 2017, the blockchain industry experienced an unprecedented interest which ended in what is often referred in financial terms as “irrational exuberance”, with a large portion of the rally led by retail-type investors flooding the market to ultimately chase prices at illogically hefty levels based on the infancy stage of the technological advancements and its implementations.
That rise was too fast too quick and eventually, in early January 2018, the bubble-like move came to an abrupt end. The question now is, what will it take for another sustainable bull run to materialize? At CoinLive, we will inspect the key missing pieces of the puzzle. In this article, we will investigate the ever-growing list of evidence that shows why a new type of investors, the institutional ones, looks set to enter the market in mass.
The two critical impediments for the ‘smart money’ to have been on the sidelines are clearly identifiable. Firstly, it has to do with custodianship, in other words, having formal mechanisms that allow the safe storage of the asset. Secondly, the regulation around the crypto market must be clarified with clearer guidance.
When it comes to the first missing piece of custodianship, the NY Times recently helped shed a light on where we are headed. The influential newspaper reported that ICE (Intercontinental Exchange), which is the parent company behind the NY Stock Exchange (NYSE), is working confidentially in the implementation of swap contracts for banks and large investors that will be settled with the physical delivery of Bitcoin.
For ICE to even consider this idea it means that the problem of legal custodianship is being worked out so that the backing and security of Bitcoins by the NYSE will be in place. This will open the floodgates to a whole new market, where the King of cryptos and other digital assets down the road become available to a much wider and more influential customer base. We are certainly at a stage where institutions have recognized that Bitcoin is “too big to ignore”.
What’s also important is that by using a swap contract, the trading of Bitcoins will be oversight under the existing regulatory framework of the Commodity Futures Trading Commission, hence less regulatory uncertainty.
As a reminder, the CFTC is headed by J. Christopher Giancarlo, who is a proclaimed pro-blockchain endorser after his popular appearance in front of a U.S. Senate hearing on blockchain technology last February, where he famously said: “We owe it to this generation to respect their interest in this new technology.”
Moreover, earlier this year, Boston-based State Street, the world’s second-largest custody bank with around £24tn in assets under custody and administration, came out to announce that safeguarding clients' digital assets could be a service they are looking to provide a solution in the near future. If confirmed, it would represent a major move as it sets a precedent as the first global bank to provide custodianship services for crypto-related investments.
While Bitcoin is not serving its initially intended purpose as a widely used method of payments (for now), it has found another appeal as a store of value that is uncorrelated to any other asset class, hence it has an exceptional use as a hedging strategy for multi-billion dollar portfolios to help reduce the overall volatility.
Other stories strengthening the notion of institutional capital set to come into the cryptoverse include the news that Goldman Sachs will be trading futures contracts linked to Bitcoin’s price as an initial step, only to gradually transition into a more direct trading of buying and selling actual Bitcoins.
Find our recent article where we explain why Goldman Sachs trading Bitcoin is such a big deal.
Even the chief executive of Nasdaq, Adena Friedman, recently said considerations were being given to set up a virtual-currency exchange should the needed regulatory framework be resolved.
Additionally, we have seen a growing trend of senior-level executives at institutional firms flocking off the safety of their well-established positions to venture into blockchain-related jobs. We include a few articles with evidence below:
Goldman Sachs Executives are Moving to Cryptocurrency Hedge Funds
Mike Novogratz Makes Goldman VP the COO of His Crypto Company
Coinbase Hires Ex-Barclays Director to Expand Its Institutional Client Base
Commonwealth Bank CFO to Lead Block.one as President and COO
The migration in job positions from traditional financial markets into blockchain comes as no surprise and quite frankly, it appears to be a logical and rational step to be taken, especially in light of the new revenue streams the blockchain sector has to offer.
Proof of that is the fact that Binance, a crypto exchange with around 200 employees and less than 1 year of operations has overcome Deutsche Bank, which has more than 100,000 employees and over 150 years of history, in total profits. What this communicates is that the opportunities to grow an institution’s revenue stream is formidable once they decide to integrate cryptocurrencies into their business models.
Another piece of the puzzle, even if occurring behind closed doors, is the consideration to launch a Bitcoin ETF. Back in April, it was reported that the US Securities and Exchange Commission (SEC) has put back on the table two Bitcoin ETF proposals, according to public documents. The agency is under formal proceedings to approve a rule change that would allow NYSE Arca to list two exchange-traded funds (ETFs) proposed by fund provider ProShares.
The introduction of an ETF would make Bitcoin available to a much wider share of market participants, with the ability to directly buy the asset at the click of a button, essentially simplifying the current complexity that involves having to deal with all the cumbersome steps currently in place.
More evidence of the emergence of institutions playing a more dominant role in the blockchain industry is the unprecedented interest to amass Bitcoins in the OTC (Over the Counter Market). We perceive this trend as directly linked store Bitcoin as a store of value. This article by Bloomberg should give you a taste of what's happening behind the scenes: The Wealthy Are Hoarding $10 Billion of Bitcoin in Bunkers.
As ConLive recently tweeted: "Our network of Insiders telling us between 5000-10.000 BTC are being sold every week OTC by Chinese BTC miners to Israeli buyers - Wall Street type - as they look to accumulate a big hand in BTC. “
![](https://coinlive.io/ckeditor_assets/pictures/868/content_2018-05-15_0957.png)
Lastly, one of the most critical missing piece is the subject of global regulations. Back in March, Mark Carney, the head of Bank of England and the chief of the Financial Stability Board of G20 stated that “crypto-assets do not pose risks to global financial stability at this time.” That caused a temporary relief in the crypto sphere as the risk of a regulatory backlash was removed for the time being until July, the month when more clarity will be provided.
The chair of the Argentina Central Bank, Federico Sturzenegger, on his role of sitting the G20 summit, said that members showed a unifying view on the need of cryptocurrencies to be supported by a more sound regulatory framework. The policy-maker, however, made it clear that they first need to examine the cryptocurrencies universe to gather the necessary data before proposing regulations.
“In July we have to offer very concrete, very specific recommendations on, not ‘what do we regulate?’ but ‘what is the data we need?” Sturzenegger said.
To sum up, the improvements in custodianship solutions, along with more clarity by the G20 committee, which is set to provide less uncertainty for institutional investors’ involvement, is a recipe for a renewed bull wave, this time of institutional capital, to shake up the crypto space.
At CoinLive, we will not venture into the timing, as that is quite irresponsible trying to pretend we have a "crystal ball" to determine when moves will occur. We just simply look at the big picture and try to connect the dots by first breaking down the latest developments to then draw some conclusions. Never forget, markets should always be approached as a numbers' game, and while nothing is certain, we just attempt to envision and inform on scenarios with the highest likelihood.
submitted by Ivo333 to BitcoinMarkets [link] [comments]

Fidelity Will Start Institutional Bitcoin Trading Within Weeks

Fidelity Will Start Institutional Bitcoin Trading Within Weeks
https://preview.redd.it/w5rq71cyxrw21.png?width=1024&format=png&auto=webp&s=6282f83910d741aea690ab9d2e07ebb5cd30f69a
United States $7 trillion investment firm Fidelity will reportedly roll out bitcoin (BTC) trading for institutional clients in the coming weeks, Bloomberg reported on May 6.
Citing a source who asked to remain anonymous, the publication revealed Fidelity’s cryptocurrency-focused spin-off, Fidelity Digital Assets, would be adding to the existing range of services.
The subsidiary launched in October 2018 and has offered cryptocurrency custody from March this year ahead of planned over-the-counter (OTC) trading.
Now, the trading side will go live for Fidelity’s users in as little as several weeks, the source said, and will primarily target large-volume traders like other OTC offerings.
While Fidelity itself did not confirm the time frame, the company hinted that its future direction would only involve more integration with the bitcoin space.
“We currently have a select set of clients we’re supporting on our platform,” spokeswoman Arlene Roberts told Bloomberg. She added:
“We will continue to roll out our services over the coming weeks and months based on our clients’ needs, jurisdictions, and other factors. Currently, our service offering is focused on Bitcoin.”
The report comes on the back of a survey Fidelity conducted last week that revealed consistent appetite for bitcoin among its target market.
Specifically, 22% of the over 400 institutional investors who responded said they already owned the cryptocurrency as part of their portfolio. Almost half were sympathetic to including it.
“More institutional investors are engaging with digital assets, either directly or through service providers, as the potential impact of blockchain technology on financial markets — new and old — becomes more readily apparent,” Fidelity Digital Assets president Tom Jessop commented in an accompanying press release.
submitted by Rajladumor1 to omgfin [link] [comments]

Waltonchain All-in-One - Extended

Welcome!

I would like to warmly welcome everyone to waltonchain
This is an updated, extended community-written post and I will try to update it regularly over time.
Please respect our rules (see sidebar) and feel free to comment, contribute and ask questions.
Don’t forget to subscribe to the subreddit for any news on Waltonchain!
 

Getting Started

What is Waltonchain?

The Waltonchain Foundation is building a cross-industry, cross-data sharing platform by integrating Blockchain with the Internet of Things through self-developed RFID Chips with intellectual property rights.
The in-house developed Waltonchain RFID chips integrate a proprietary, genuine random number generator and an asymmetric encryption logic and hardware signature circuit, all of which are patent-protected.
The combination of self-developed RFID chips and the Waltonchain blockchain will ultimately achieve the interconnection of all things and create a genuine, believable, traceable businessmodel with totally shared data and transparent information.
Waltonchain will unfold a new era of the Value Internet of Things (VIoT).
 
Waltonchain Introduction Video
Launch of Waltonchain
 

The Project

The Waltonchain team has formulated a 4-phase development plan, starting from infrastructure platform establishment to gradually incorporating retail, logistics and product manufacturing, and to finally achieving the full coverage of the business ecosystem.
 
As for the phase 1.0 of the project, the team has developed the clothing system integration scheme based on RFID. The application scenarios at phase 1.0 will establish Golden demonstration template
At phase 2.0, our RFID beacon chip will be massproduced and can be used in clothing, B2C retail and logistics.
At phase 3.0, manufacturers will achieve traceable customization of intelligent packaging.
At the project phase 4.0, with the upgrading and iteration of assets information collection hardware and improvement of blockchain data structure, all assets can be registered in Waltonchain in the future.
 
Original Roadmap Thread

Project-Updates:

Video: WTC-Garment System by Waltonchain & Kaltendin
Video: WTC-Food System by Waltonchain
 

Official Resources

Waltonchain Whitepaper
Waltonchain Official Website
Waltonchain Github
 
Official Official Medium
Official Slack
Official Instagram
Official Facebook
Official Twitter @waltonchain
Official Telegram @waltonchain_en
 
Dedicated community Telegram channel for Waltonchain miners, MN & GMN holders.
@WaltonchainMining
 
 
Chinese Community
本群为沃尔顿链华文官方社群
Chinese Telegram @waltonchain_cn
官方网站 - Waltonchain China - Website
 
Korean Community
공식사이트 - Waltonchain Korea - Website
카카오톡 - Waltonchain Korea - Kakao
트위터 - Waltonchain Korea - Twitter
블로그 - Waltonchain Korea - Naver Blog
인스타그램 - Waltonchain Korea - Instagram
Freyr 공식텔레그램방(한국) - Freyrchain Korea - Telegram
Communities in Progress
Russian Twitter @waltonchain_ru
Russian Website
Japanese Twitter @waltonchain_jp
Japanese Website
Brazilian Twitter @waltonchain_br
 

Waltonchain Wallet

Please note that before the token swap,
DO NOT transfer your ERC20 WTC tokens to the WTC wallet!!
 
Wallet for PC (Github)
Web Wallet - Instruction Manual
Windows Wallet - User Manual
Windows Wallet - Tutorial Video
Wallet for Android
Google Playstore
Github
Android User Manual
Android Wallet - Tutorial Video
 
Wallet for IOS
(pending Apple Store approval)
 
Explorer
Waltonchain Explorer
Waltonchain Blockchain Explorer User Manual
 
Mining
Waltonchain GPU Mining User Manual
Waltonchain Progressive Mining Reward Program
 
Unofficial
Unofficial Guardian Masternode Tracker
waltonchain.tech - Unofficial collection of news and useful resources

The Foundation

>> Waltonchain Organizational Chart <<<--
 
Waltonchain Foundation Ltd. (Singapore) - 沃尔顿链
Waltonchain (HK) Development Co. Ltd. (Head company)
Walton Chain Technology Co. Ltd. (Korea)
Silicon (Shenzhen) Electronic Technology Co. Ltd.
Silicon (Xiamen) Electronic Technology Co.Ltd. (RFID Chip Research)
Silicon (Quanzhou) Electronic Technology Co. Ltd.(IoT Intelligent Switch Chip)
Nanjing Sleewa Information Technology Co. Ltd. (Blockchain)
Quanzhou KEDIHENG Electronic Technology Co. Ltd
Xiamen IOT Technology Co. Ltd.
Xiamen Citylink Technology Co.Ltd.
Xiamen ZhongChuan IOT Industry Research Institute Co.Ltd.
 

The Team

Founder:

Do Sanghyuk (都相爀) – Initiator in Korea
Korean, Vice Chairman of the China - Korea Cultural Exchange Development Committee, Director of the Korea Standard Products Association, Chairman of Seongnam Branch of the Korea Small and Medium Enterprises Committee, Chairman of Korea NC Technology Co., Ltd., Senior Reporter of IT TODAY News, Senior Reporter of NEWS PAPER Economic Department, Director of ET NEWS.
 
Xu Fangcheng (许芳呈) – Initiator in China
Chinese, majored in Business Management, former Director for Supply Chain Management of Septwolves Group Ltd., has rich practical experience in supply chain management and purchasing process management. Currently, he is the Director of Shenzhen Silicon, the Director of Xiamen Silicon and the Board Chairman of Quanzhou Silicon. He is also one of our Angel investors.
 

Senior Experts:

Kim Suk ki (金锡基)
Korean, South Koreas electronics industry leader, Doctor of Engineering (graduated from the University of Minnesota), Professor of Korea University, previously worked at Bell Labs and Honeywell USA, served as vice president of Samsung Electronics, senior expert in integrated circuit design field, IEEE Senior Member, Vice President of the Korea Institute of Electrical Engineers, Chairman of the Korea Semiconductor Industry Association. Has published more than 250 academic papers with more than 60 patents.
 
Zhu Yanping (朱延平)
Taiwanese, China, Doctor of Engineering (graduated from National Cheng Kung University), Chairman of the Taiwan Cloud Services Association, Director of Information Management Department of National Chung Hsing University. Has won the Youth Invention Award by Taiwan Ministry of Education and Taiwan Top Ten Information Talent Award. Has deeply studied blockchain applications over the years and led a block chain technology team to develop systems for health big data and agricultural traceability projects.
 

Chief Experts

Mo Bing (莫冰)
Chinese, Doctor of Engineering (graduated from Harbin Institute of Technology), Research Professor of Korea University, Distinguished Fellow of Sun Yat - sen University, Internet of Things expert, integrated circuit expert, Senior Member of Chinese Society of Micro-Nano Technology, IEEE Member. Has published more than 20 papers and applied for 18 invention patents. Began his research of BitCoin in 2013, one of the earliest users of btc 38.com and Korea korbit. Served as Technical Director of Korea University to cooperate with Samsung Group to complete the project Multi sensor data interaction and fusion based on peer to peer network. Committed to the integration of block chain technology and Internet of Things to create a real commercialized public chain.
 
Wei Songjie (魏松杰)
Chinese, Doctor of Engineering (graduated from the University of Delaware), Associate Professor of Nanjing University of Science and Technology, Core Member and Master Supervisor of Network Space Security Engineering Research Institute, Block Chain Technology expert in the field of computer network protocol and application, network and information security. Has published more than 20 papers and applied for 7 invention patents. Previously worked at Google, Qualcomm, Bloomberg and many other high-tech companies in the United States, served as R D engineer and technical expert; has a wealth of experience in computer system design, product development and project management.
 

Core Members

Shan Liang (单良)
Graduated from KOREATECH (Korea University of Technology and Education) Mechanical Engineering Department, Venture Capital PhD, GM of Waltonchain Technology Co., Ltd. (Korea), Director of Korea Sungkyun Technology Co., Ltd., Chinese Market Manager of the heating component manufacturer NHTECH, a subsidiary of Samsung SDI, economic group leader of the Friendship Association of Chinese Doctoral Students in Korea, one of the earliest users of Korbit, senior digital money player.
 
Chen Zhangrong (陈樟荣)
Chinese, graduated in Business Management, received a BBA degree in Armstrong University in the United States, President of TIANYU INTERNATIONAL GROUP LIMITED, leader of Chinese clothing accessories industry, Chinas well-known business mentor, guest of the CCTV2 Win in China show in 2008. Researcher in the field of thinking training for Practical Business Intelligence e-commerce and MONEYYOU course, expert on success for Profit Model course. Began to contact Bitcoin in 2013 with a strong interest and in-depth study of digital money and decentralized management thinking. Has a wealth of practical experience in the business management, market research, channel construction, business cooperation and business model.
 
Lin Herui (林和瑞)
Chinese, Dean of Xiamen Zhongchuan Internet of Things Industry Research Institute, Chairman of Xiamen Citylink Technology Co., Ltd., Chairman of Xiamen IOT. He successively served as Nokia RD Manager and Product Manager, Microsoft Hardware Department Supply Chain Director. In 2014, started to set up a number of IoT enterprises and laid out the industrial chain of the Internet of Things. The products and services developed under his guidance are very popular. Assisted the government in carrying out industrial and policy research and participated in planning of multiple government projects of smart cities, IoT towns and project reviews.
 
Ma Xingyi (马兴毅)
Chinese, China Scholarship Council (CSC) special student, Doctor of Engineering of Korea University, Research Professor of Fusion Chemical Systems Institute of Korea University, Korea Sungkyun Technology Co., Ltd. CEO, Member of Korea Industry Association, Associate Member of the Royal Society of Chemistry, has published his research results in the worlds top journal Nature Communications and participated in the preparation of a series of teaching materials for Internet of Things engineering titled Introduction to the Internet of Things. His current research direction covers cross-disciplines that combine blockchain technology with intelligent medical technology.
 
Zhao Haiming (赵海明)
Chinese, Doctor of Chemical Conductive Polymer of Sungkyunkwan University, core member of Korea BK21th conductive polymer project, researcher of Korea Gyeonggi Institute of Sensor, researcher of Korea ECO NCTech Co., Ltd., Vice President of the Chinese Chamber of Commerce, Director of Korea Sungkyun Technology Co., Ltd. He has been engaged in transfer of semiconductor, sensor and other technologies in South Korea. He is an early participant of the digital currency market.
 
Liu Cai (刘才)
Chinese, Master of Engineering, has 12 years of experience in design and verification of VLSI and a wealth of practical project experience in RFID chip design process, SOC chip architecture, digital-analog hybrid circuit design, including algorithm design, RTL design, simulation verification, FPGA prototype verification, DC synthesis, backend PR, package testing, etc. Has led a team to complete the development of a variety of navigation and positioning baseband chips and communication baseband chips, finished a series of AES, DES and other encryption module designs, won the first prize of GNSS and LBS Association of China for scientific and technological progress. Finally, he is an expert in the consensus mechanism principle of blockchain and the related asymmetric encryption algorithm.
 
Yang Feng (杨锋)
Chinese, Master of Engineering, worked at ZTE. Artificial intelligence expert, integrated circuit expert. Has 12 years of experience in VLSI research and development, architecture design and verification and 5 years of research experience in artificial intelligence and the genetic algorithm. Has won the Shenzhen Science and Technology Innovation Award. Has done an in-depth research on the principle and realization of the RFID technology, the underlying infrastructure of blockchain, smart contracts and the consensus mechanism algorithm.
 
Guo Jianping (郭建平)
Chinese, Doctor of Engineering (graduated from the Chinese University of Hong Kong), Associate Professor of the Hundred Talents Program of Sun Yat-sen University, academic advisor of masters degree students, IEEE senior member, integrated circuit expert. Has published more than 40 international journal conference papers in the field of IC design and applied for 16 patents in China.
 
Huang Ruimin (黄锐敏)
Chinese, Doctor of Engineering (graduated from the University of Freiburg, Germany), academic advisor of masters degree students, lecturer of the Department of Electronics of Huaqiao University, integrated circuit expert. Mainly explores digital signal processing circuit and system implementation and works on digital signal processing technology long-term research and development.
 
Guo Rongxin (郭荣新)
Chinese, Master of Engineering, Deputy Director of the Communication Technology Research Center of Huaqiao University. Has more than 10 years of experience in design and development of hardware and software for embedded systems, works on the long-term research and development of RFID and blockchain technology in the field of Internet of Things.
 
Dai Minhua (戴闽华)
Chinese, graduated in Business Management, received a BBA degree from Armstrong University, senior financial expert, served as Vice President and CFO of Tanyu International Group Co., Ltd. Has 13 years of financial work experience, has a wealth of experience in developing and implementing enterprise strategy and business plans, as well as achieving business management objectives and development goals.
 
Liu Dongxin (刘东欣)
Chinese, received an MBA from China Europe International Business School, Visiting Scholar of Kellogg School of Management at Northwestern University, strategic management consulting expert, investment and financing expert. His current research interest lies in the impact of the blockchain technology on the financial sector.
 

Angel Investors

Song Guoping (宋国平)
Qiu Jun (邱俊)
Yan Xiaoqian (严小铅)
Lin Jingwei (林敬伟)
He Honglian (何红连)

Advisory Team

Ko Sang Tae (高尚台)
Liu Xiaowei (刘晓为)
Su Yan (苏岩)
Zhang Yan (张岩)
Ma Pingping (马萍萍)
Peng Xiande (彭先德)
Fu Ke (傅克)
Xiao Guangjian (肖光坚)
Li Xiong (李雄)
 
The Team (pt.I)
The Team - The Engineers (pt. II)
The Team - Angel Investors & Advisors (pt. III)
WaltonChain Office Tour
Meet the team #1: Xu Fangcheng
Meet the team #2: South Korean Team
Meet the team #3: Wei Songjie
Meet the team #4: Suk Ki Kim
Meet the team #5: Lin Herui
Meet the team #6: Bing Mok (CEO)
 

Partnerships, Affiliations & Corporate Interests

Government Affiliations
Fujian IoT Industry Association
Air purification and smart monitoring project with Jinhu Provincial Government
"Smart Oceans" blockchain R&D project with Fujian Provincial Government
Building "Blockchain Silicon Valley" with Taiwan Cloud and Fujian Provincial Government
KISA and Korean IoT research centre
Taiwan Cloud Association
Korea University engineering department
Korea Blockchain Enterprise Promotion Association (authorized by South Korean National Assembly)
 
Smart Logistics / Smart Warehouse
Xiangyu Group
Fuyao Glass Industry Group co., Ltd
Kehua
Lipson Plastic
NanKang City Furniture industry
Direct delivery
Fujian Soonbox Logistics Park
Huodull Technology
 
Smart Retail
Guangdong Original Clothing Trading Center
Shenzhen M&A Association of Listed Companies
Septwolves
Fuguiniao
SMEN
TANYU
JoeOne
Lalabobo
Ishijah
Kaltendin
 
Technical Alliance
Alibaba Cloud
China Mobile IoT Alliance
Xiamen Branch of China Telecom Corporation Limited
Zhangzhou Branch of** China Telecom** Corporation Limited
NC Technologies
Shenzhen Card Cube Smart Technology co., Ltd
NIDS Sensor Technology
Sungkyun Technologies
NH Tech
Jiangsu Zhongke Internet of Things Technology Venture Capital Co., Ltd.
Fujian C-TOP Electronics co., Ltd.
 
Finance
Sinolink Securites
Gingko Capital (Investment Arm of Waltonchain) -> Investments
Gingko Investment List on Reddit
 
Blockchain Partner
Mobius
Freyrchain
Loci
Coinlink
SwftCoin
Morganchain
Aston
 
Media Partner
JU&KE Creative Design
Yunnan Yunshanghuaxia Trading co., Ltd.
ArtCrypto
Fanfangxiang Culture & Media co., Ltd.
 
Waltonchain Government Affiliations Infographic
Waltonchain Business Affiliations Infographic
Summary of Some of Waltonchain's Government and Business Partnerships
 
Child Chains
Freyrchain - Freyrchain - The world’s first blockchain-based collectibles data authenticity platform
Fashionchain Fashionchain - Fashionchain restructures the strongly-centralized pyramid structure inherent in the fashion industry ecology into a decentralized structure in which all parties connect point to point directly.
 
Click here for the News, PR & Awards Thread.
Click here for a Timeline of Official - Waltonchain-Medium - Posts.
 
Videos
Waltonchain Annual Meeting Presentation Video
Waltonchain Introduction Video
Waltonchain Visit and Product Demo! (Part 1 of 2) - Boxmining
Waltonchain Interview and Demo (Part 2 of 2) - Boxmining
Waltonchain Coinnest Meetup with Mo Bing
Dr. Mo Bing's First Live Interview with Coinnest CEO
Waltonchain CEO Mo Bing announcing the official launch of Waltonchain Mainnet
List of AMAs
First Reddit AMA - October 1, 2017
Technical AMA - October 9, 2017
Hardware AMA Summary - October 17,2017
Extended Hardware AMA - October 24, 2017
Retail Demo AMA - November 27, 2017
Masternode AMA - December 7, 2017
Slack AMA Live Thread - January 3, 2018
Waltonchain Beta Release AMA Part 1 - January 5, 2018
Waltonchain Beta Release AMA Part 2 - January 15, 2018
Waltonchain February Q&A - February 18, 2018
Waltonchain March AMA Part 1 - March 19, 2018
Waltonchain March AMA Part 2 - March 27, 2018
Progress Reports
Waltonchain Work Progress in Q2 2018
Waltonchain Work Progress in Q1 2018
Waltonchain: New Logo · New IC strategy ·New Journey!
The Summary of Waltonchain in 2017
Waltonchain Project Progress Report (Nov. – Dec. 2017)
Professor Kim Suk Ki Arrived at Xiamen for Project Review and to Provide Guidance
A letter to the waltonchain family
A Letter from Waltonchain Foundation
Waltonchain Alpha Version Internal Testing
Noteworthy Posts
Waltonchain’s Bigger Picture: OBOR
Waltonchain: Ushering an Era of IoT Mass Market Adoption
What is Waltonchain and Why Should We Care?
Waltonchain and the Chinese Government: Cooperation, Collaboration and a Bright Future
Top 5 Cryptocurrencies Set For Success In 2018 - Invest in Blockchain
 
Exchanges
Binance, Coinnest, HitBTC, LATOKEN, OKEx, Kucoin, COSS, Coinlink, Allcoin, Coinrail, Cobinhood, Huobi
 

Frequently Asked Questions

 
 
Walton Knights
u/fent11
u/NetworkTraveler
u/yayowam
u/Crypto_RALLY
u/TheSideQuest
RikkiTikki (slack)
Crypto Buff (telegram)
submitted by istaan69 to waltonchain [link] [comments]

Binance Jersey: Everything You Need To Know

Sign-up for Binance Jersey Fiat Exchange
At this time, the digital currency exchange market is filled with a wide variety of choices, therefore choosing the right exchange or trading platform can be quite a headache for both novice and veteran cryptocurrency users.
Binance is a popular cryptocurrency exchange which was started in China but recently moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. While the company is still fairly new on the market ( it launched last year ), it has managed to gain a lot of popularity thanks to its impressive number of Initial Coin Offering listings, professional attitude and friendly CEO and also due to its low trading fees.
Binance Website
In our review, we will attempt to outline everything that you must know about Binance, including how it works, the crypto pairs that you can exchange, trading fees/limits, security aspects, and customer support.
Visit Binance »
How the Exchange Works Contents [Show]
Those who visit Binance for the first time will quickly notice that the platform offers two options for digital currency trading- basic and advanced. Neither the basic, nor the advanced versions are bound to be easy to use for complete beginners. However, anyone with a background in digital currencies and with a bit of knowledge into how exchanges work should be able to use the platform and its different services.
The main difference between the basic and the advanced version is that the advanced one offers more-in-depth technical analysis of digital currency value over time. At this time, the dashboard for the basic version offers several graphs and charts for the pairs that you’re trading, order books, and trade history.
3Commas This is what the basic view looks like :
Binance Trading View
The Basic view is nicely designed and well laid out, all the information you need is clearly presented with prices on the left, graphs in the center along with the buy and sell boxes and the trade history is presented on the right so you can quickly see what the latest trade prices were.
And this is what the advanced view looks like:
Advanced View
The advanced view uses a dark theme and makes the trading charts larger and the latest trade prices are displayed on the right with the buy sell boxes underneath.
Which you choose is a matter of preference really, I like the lighter colored basic view and find the layout a little easier to use.
Binance Signup & Login To use the exchange, users will first have to create an account. The process behind this is fairly simple and straight-forward and you don’t have to verify your account for level 1 which is a 2BTC daily withdrawal limit. For level 2 which allows up to 100BTC per day, you need to upload a photo ID and wait till you are approved. There are higher limits still, but you will need to contact them directly to arrange that.
Time for verification can vary depending on how busy the site support staff are, so make sure to plan ahead if you wish to withdraw larger amounts and make sure this step is complete before depositing and trading large sums on the exchange.
ID Verification
Now, that this is out of the way, users can go ahead and fund their Binance account. While you can choose from a multitude of digital currencies, it is recommended that you stick with either BTC or ETH.
To fund your account visit the “Funds” > “Deposits / Withdrawals” link at the top of the site and find the currency you wish to send, then click the “Deposit” button next to it which will then you give you the wallet address. You can then send your funds to this address to begin trading on the platform, depending on which currency you deposit it will take different times to show up as this is reliant on that currencies blockchain. Some currencies like Ethereum are faster than Bitcoin which can take a while.
Binance Wallets
Now that your account is funded, you can simply start trading, exchanging and investing in various digital currency pairs. Binance offers plenty of choices, as they support all major digital currencies, but also numerous ICO listings and their respective tokens.
At this time, the platform can only be used to generate limit and market orders. This has been considered a disadvantage by some, as many expected trading options that would be more advanced. Following the placement of your order, simply wait for it to be fulfilled according to the terms that have been set.
How to Trade on Binance Trading on Binance is fairly straight-forward if you have used any other cryptocurrency exchange before. To get started, make sure you have deposited some funds – there are options for trading pairs in BTC, ETH, BNB and USDT. Once you have your funds, at the top right menu, select “Exchange” > “Basic” or “Advanced” to load the trading screen. We will be using the Basic view.
Binance Trading View
On the right hand side, of the screen select a tab from BTC, ETH, BNB or USDT this is what you will be trading in. Then choose your desired currency from the list. You can also search here and you can create a favorites list by clicking the star next to any currencies.
Choose currency to buy
Once your desired currency has loaded, take note of the left-hand column which shows prices that people are willing to sell at in the top half in red and prices people are willing to buy at in green in the bottom half. The number in the middle shows the last sale price.
Buy and Sell Prices
Now to place a buy order, use the center box underneath the graphs and you will see the buy box is in green on the right. You can manually enter a price you wish to purchase at, but a better way is to click a number on the left-hand column. You can then enter the amount of the currency you wish to buy or click the 25%, 50%, 75% or 100% buttons which will fill it with an amount based on how much of the buying currency you have ( in this case BTC ).
Buy Order
Once your order is placed it will be show underneath in the “Open Orders” section until it is filled. At that point your new currency will be available under the “Deposits / Withdrawals” menu where you can withdraw it to the wallet of your choice.
Supported Crypto Currencies Binance has often been praised for its wide variety of support coins. Traders can use the platform for multiple digital currencies, including, but not limited to Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, EOS, Dash, LiteCoin, NEO, GAS, Zcash, Dash, Ripple and more. As mentioned before, Binance also supports numerous tokens, as part of ICO listings. With this in mind, traders can use the platform to trade these tokens for a profit as well.
Binance is currently very quick to add new coins and tokens after their ICO which usually means you can purchase them cheaply which allows for greater profit down the road.
They currently offer trading pairs in BTC, BNB, ETH and USDT.
Binance Markets
Binance ICO & BNB Coin Another thing to note is the Binance Coin, which was issued during their own ICO. The Binance coin can be used to pay fees and it will also feature in their future plans to create a Decentralized Exchange where it will form one of the key base currencies. Purchasing the Binance coin itself looks like a good investment for the future as the exchange plans to use their profits to buy back a portion of the coins every quarter and destroy them: hence decreasing the supply and making them more valuable for holders.
Every quarter, we will use 20% of our profits to buy back BNB and destroy them, until we buy 50% of all the BNB (100MM) back. All buy-back transactions will be announced on the blockchain. We eventually will destroy 100MM BNB, leaving 100MM BNB remaining.
Binance BNB Coin
If you’d like to read more about the BNB Coin, check out our indepth guide.
Binance Fees & Limits At the time of writing, Binance charges an average fee of 0.1% on each trade that a user makes. Those who choose to pay via the Binance token can get a 50% discount on the trading fee, which is absolutely great news. These are surely some of the lowest fees available at this time.
Withdrawal fees tend to vary for each digital currency. For instance, 0.0005 is charged for Bitcoin withdrawals, and 0.005 is charged for ETH withdrawals. Here are some examples to give you an idea of the fees you will be paying for withdrawals:
COIN CODE Fee Unit Binance Coin BNB 1 BNB Bitcoin BTC 0.001 BTC Ethereum ETH 0.01 ETH Litcoin LTC 0.01 LTC Neo NEO Free NEO Qtum QTUM 0.01 QTUM Status SNT 10 SNT Bancor BNT 1.2 BNT Eos EOS 0.7 EOS Bitcoin Cash BCC 0.0005 BCC Gas GAS Free GAS USDT USDT 50 USDT When it comes down to transfer limits, there is no limit on the number of coins that you can deposit. However, without getting verified, users are limited in terms of how much they can withdraw. Verification will establish you as a level two users, thus lifting these limits and providing a lot more freedom when using the platform. The verification process requires users to provide Binance with their full name, country, gender, a photo of passport/government-issued ID, and even a selfie with the passport.
Binance Competitions A unique feature of Binance you will notice is that they regularly hold competitions with some amazing prizes. Some examples of competitions in the past include Waves and Tron. The waves competition gave away 20,000 Waves to Traders based on how many trades they have made of this currency.
The other competition for Tron (TRX) gave participants the chance to win a Maserati car, Mercedes Benz car, a Macbook Pro or a iPhone X. Again, the winners were the people with the highest trading volume of this currency.
The current rankings show that the person in first place had over 358 BTC volume in trades so you will need to be a whale to be in with a chance of winning first prize. There are other regular competitions though, so keep an eye on the site for your chance to enter.
Is Binance Safe? While Binance is one of the newest cryptocurrency exchanges available on the market, it has quickly managed to attain a high level of trust from its users and the digital currency community. However, the exchange fails to provide users with enough information on how the funds are being secured, yet we like to believe that security is taken seriously. Two-factor authentication is available and is always a nice sight. It is however known that the platform offers a multi-tier and multi-tier system architecture.
Update: In March 2018 Binance suffered a hacking attempt.
The hackers tried to pull off an audacious move which was luckily caught by the automated systems in place at the exchange. For months the hackers had been accumulating people’s logins via a phishing website and secretly installing API access on the affected accounts. They then struck, converting all the victims altcoins to BTC and purchasing Viacoin, pumping the coin to a huge price and then selling their own supply of Viacoin at the high point, before trying to withdraw the BTC to their own wallets. Luckily no one lost funds as the hack was caught and the only people to lose out were the hackers, whose funds will be donated to charity.
As this hack was made possible by people entering their site logins and 2FA details into a fake website, you should always make sure you are on the correct Binance url before logging in. We recommend you bookmark the site and only use that to access it, never click links from emails, Twitter, Telegram etc.
This event has done a lot to instill confidence around Binance, not only did their automated processes catch the attempted hack before anyone lost any funds, they have since offered a $250,000 bounty to anyone who can help catch the hackers. Throughout this event, Binance acted exemplary and have been praised for their swift action in resolving this.
Binance Customer Support For an exchange to be successful, it requires a great customer support team, capable of answering all user questions and requests in a timely manner. While the support area on Binance could use a little work, the team is responsive and capable of offering professional aid to traders in need. Support tickets are submitted via an online form featured on the website, and responses are made via email. There is currently no live chat support, nor a phone number where customers can get in touch with the support team.
Binance Customer Support
Other than the CS team, Binance offers a couple of FAQs and articles meant to help users get accustomed to the exchange and the way it works.
Binance FAQs
It should be noted that customer support on Binance has been known to be slow to respond to customer requests. This is a familiar phenomenon with most of large exchanges and is due simply to the volume of users and amount of support staff. The exchanges have grown at an explosive rate this past year and the companies simply haven’t been able to keep up with demand. Binance grew fast especially, going from launch to the largest exchange on the planet in a few short months. Support staff for exchanges have to be carefully vetted and trained due to the technicalities and security requirements involved – unlike other traditional companies where staff can be trained quicker.
Some things to bare in mind are double-checking wallet addresses, make sure you are sending the correct cryptocurrency to it’s corresponding address on the site. Mixups with wallets are one of the biggest mistakes people make when using exchanges. Other things to note are, try a smaller test payment first if you plan to transfer large sums – it may cost you a little more in fees but will be worth it for peace of mind.
If you do need to contact support, make sure you provide them with enough information to be able to help you first time. Include wallet addresses, times of transactions and any other information you think they might need to help speed up the process.
The Move to Malta In March 2018, Japanese Newspaper Nikkei reported that Binance was trading in Japan and not following their official regulations. This caused some turbulence in the markets until Binance made an official announcement that they were going to be moving operations to the crypto-friendly island of Malta in Europe, stating :
After reviewing several different locations, the company decided to invest in the European nation due to its existing pro-blockchain legislation and the stability that it offers financial technology companies through its regulatory framework.
This is good news for the company and they even received a warm welcome from the Prime Minister of Malta on Twitter. Binance also announced that they were in talks with Maltese banks with the goal of providing Fiat transactions, meaning they can offer an on-ramp for fiat to crypto transactions in future along with fiat trading pairs on the exchange.
More good news for Binance, it seems as their profile and reputation within the industry continues to grow.
Launching a Decentralized Exchange More recent news for Binance and what seems like good news BNB holders is the fact that they are planning to launch their own Decentralized Exchange ( DEX ):
“After extensively researching decentralized exchange frameworks and analyzing existing implementations, we believe significant improvements can be made in providing Binance users with a level of trading experience to which they are already accustomed. Centralized and Decentralized exchanges will co-exist in the near future, complementing each other, while also having interdependence.”
The BNB digital asset, now an ERC-20 token, will migrate as the native token of that network and be used for paying the trading fees on the new exchange.
Launching a Decentralized Stock Exchange More good news recently for Binance is that they are partnering with Neufund to build the world’s first Decentralized Stock Exchange. Alongside the Malta Stock Exchange, they are aiming to create a regulated and decentralized, global stock exchange for listing and trading tokenized securities alongside crypto-assets.
According to CapLinked, the market cap of equity tokens alone is projected to reach $1 trillion by 2020 and thanks to the partnership with MSX, a subsidiary of the Malta Stock Exchange and Binance, Neufund will become the first end-to-end primary issuance platform for security tokens, in particular, equity tokens. It will secure ways for secondary trading of equity tokens and enable companies around the world to fundraise on Blockchain in a legal way while offering much-needed liquidity.
This is more positive news for Binance as they aim to consolidate their position as the world’s number one Crypto Exchange.
Binance Jersey Launch – Now Supports Fiat to Crypto As of 16th January 2019, Binance has announced the launch of a new Fiat to Crypto exchange named “Binance Jersey“. The trading platform is live and active and allows you to trade in fiat currencies such as euros and pound sterling, with Europe being their target market.
We have now carried out a full review of Binance Jersey, so take a look for more indepth details about the new platform.
Binance Jersey
Visit Binance Jersey »
At the time of writing they are only offering four trading pairs with more to follow soon:
BTC / EUR BTC / GBP ETH / EUR ETH / GBP Supported Jurisdictions: Argentina Eswatini (formerly Swaziland) Latvia Romania Armenia Finland Liechtenstein Singapore Australia France Lithuania Slovakia Austria Germany Luxembourg Slovenia Azerbaijan Gibraltar Macau South Africa Belgium Greece Malta South Korea Brazil Hong Kong Mauritius Spain Bulgaria Hungary Mexico Sweden Canada Iceland Monaco Switzerland Chile Ireland Netherlands Turkey Croatia Israel New Zealand United Arab Emirates (UAE) Cyprus Italy Norway United Kingdom (UK) Czech Republic Jamaica Peru Uruguay Denmark Japan Poland Estonia Jersey Portugal Customers who wish to trade in the support fiat currencies will need to carry our KYC procedures by uploading their ID documents such as passport and driving license.
Wei Zhou, Binance’s CFO released this statement about the launch :
“Expanding the cryptocurrency exchange markets with fiat currencies in the European region is opening new economic opportunities for Europeans as well as freedom from looming Brexit uncertainty where the pound and euro are also in concern. Through Binance Jersey, we want to help bridge the crypto-fiat channel for Europe and the U.K. as part of our global expansion to support broader cryptocurrency adoption”.
If you are familiar with trading on Binance, then you will feel at home on their new exchange – it uses the same engine and the trading screen is laid out in the same fashion with the option to choose between Basic and Advanced views:
Binance Jersey Trading Screen
To fund your account in fiat, you will first need to complete the KYC process, once that is done you can then deposit funds directly from your bank account by linking it from the Deposits screen. You can also fund your account with BTC or Ethereum. Once you have your account setup and bank account linked, you can also withdraw funds in fiat currency – this is great news as Binance is now able to offer a way for investors to cash out their cryptocurrencies.
We have upgraded our review scores below and we feel this is a huge improvement to Binance’s Exchange offering, if they manage to roll this out to even more countries ( USA is currently excluded) it could be a game changer as people now have an extra, regulated fiat on and off ramp for their holdings.
Buying Bitcoin with Australian Dollars On March 20, 2019, Binance announced the launch of Binance Lite Australia, the continent’s first fiat gateway to the world of cryptocurrencies which provides a secure, reliable, and easy to use way to buy Bitcoin with cash in Australia.
The cash-to-Bitcoin brokerage service operates via a network of over 1,000 newsagents across Australia, and currently allows anyone to buy Bitcoin using Australian Dollars (AUD), and there are plans to include additional digital currencies and fiat purchasing options in the future.
Users must first undergo account verification on Binance Lite, and after being successfully verified, users can place online orders and deposit cash at their nearest newsagent, in order to receive their pre-ordered Bitcoin.
The Binance Lite brokerage service is operated by InvestbyBit, an independently operated subsidiary of the Binance.com cryptocurrency exchange. The service aims to simplify the process of purchasing cryptocurrencies and make digital assets such as Bitcoin readily accessible across Australia.
Fees A 2.5% transaction fee (50% discount applied) plus GST on the transaction fee for each purchase is currently being charged as an introductory rate. Therefore, for a $50 order, the transaction fee will be $1.22 and the GST will be 10% of the transaction fee, which is $0.12. Limits The system is currently in its Beta phase, and the minimum purchase amount has been lowered to $30 with the maximum purchase amount capped at $1000. These limits may change over time and only multiples of $10 are being accepted, such as orders for $50, $60, $70 etc. Verification First time customers are required to go through a one-time Know Your Customer (KYC) document verification. When using the service, it’s necessary to follow the instruction prompts after the order page and go through the verification.
In order to complete the verification process, it’s necessary to submit 1 or 2 forms of government issued ID documents as a Passport, Driver’s Licence, or Medicare card, in addition to your residential address. Any returning customers, who have already completed KYC verification, will be sent to the order summary page directly after opening a new order.
Each account is linked to a mobile number, and users should ensure to use the mobile number provided when first completing the verification process. Anyone choosing to use a new mobile number will be required to complete the ID verification process once again.
Paying by Debit and Credit Card Binance allows users to make debit and credit card payments for cryptocurrencies via a partnership with Simplex. It’s possible to purchase Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and XRP tokens by Visa and MasterCard and the benefits of using a debit or credit card on Binance include:
Swift Transfers: Average 10-30 mins for cryptocurrency to reach your wallet Low Fees: only 3.5% per transaction or 10 USD, whichever is higher Convenient: Visa and MasterCard accepted In order to purchase the supported cryptocurrencies with a debit or credit card, users can first go through the official instructions page and then visit: https://www.binance.com/en/creditcard.
Binance Launchpad and Initial Coin Offerings (IEOs) Binance Launchpad is the exchange’s token launch platform that aims to connect blockchain projects with the greater cryptocurrency community and enable projects to raise funds while interacting with Binance’s significant user base. In December 2017, the BREAD and GIFTO projects were able to hold successful token sales on Binance Launchpad and projects such as BitTorrent and Fetch.AI have also held successful launches in 2019. The platform makes use of the exchange’s native BNB token and rewards users for holding the token as well as allowing it to be used to participate in token sales.
Read: What is an IEO?
How Token Offerings Work on Binance Launchpad The ability to part in token offerings continues to attract a significant amount of users to Binance and it’s necessary to go through a number of steps in order to get used to the Launchpad platform. Anyone interested in a project should first go to the Binance Launchpad website and click on the project page and thoroughly research any of the projects on offer. If not already done, it’s also necessary to complete your Binance account verification, as token sales are carried out in compliance with the regulatory requirements in supported user jurisdictions.
The Lottery System Binance Launchpad operates a lottery system which sees that the number of lottery tickets you can claim being dependant on the amount of BNB tokens you hold in your Binance account over a 20-day period leading up to the day of the lottery, with a maximum of up to 5 tickets per eligible account.
The 20 days leading up to the lottery draw date is represented by X below, and by example, 100 ≤ X < 200 means that your BNB balance over the entire 20-day period is kept at 100 BNB or more, but does not exceed or reach 200 BNB.
A snapshot at 0:00 AM (UTC) each day records each user’s BNB balance, and should your BNB balance drop below the minimum balance required on any given day during the 20-day period, they will be put into the lower threshold. For example, if User A holds 301 BNB for 19 of the 20 days but their balance drops to 299 BNB on one day. They will move to the lower threshold and only be eligible to claim 2 lottery tickets.
Before the actual lottery date, users are given a 24 hour period to select how many lottery tickets they wish to enter, with the maximum number based upon their BNB holdings over the previous 20 days. Here, if a user submits an entry of 5 tickets and 2 tickets end up winning, they are committed to pay for 2 ticket allocations (in BNB) for the tokens.
Each lottery ticket has a unique number with multiple lottery ticket holders, obtaining tickets with consecutive numbers. For example, when claiming 5 tickets, the tickets may be numbered 100010, 100011, 100012, 100013 and 100014.
Once the 24 hour period ends and all tickets have been fully issued, Binance begins to randomly select multi-digit numbers. These are matched against the tail digits of all issued tickets in order to determine the list of winners. The selection process continues until the maximum number of winners are matched, and the respective BNB is deducted from each winning user’s balance, as soon as they are deemed a winner.
Binance announces the maximum number of potential lottery ticket winners, and the allocation amount corresponding to each winning ticket in advance.
Conclusion Currently, the matching engine of the exchange is capable of processing approximately 1.4 million orders each second, hence making it one of the fastest exchanges available on the market. Additionally, the exchange works on all forms of devices, including web, Android, WeChat, and HTML5. Non-English speakers will be happy to know that Binance offers multiple-language support in Chinese, English, Korean and Japanese.
Based on everything that has been outlined so far, Binance is undoubtedly the leading Cryptocurrency Exchange and offers great fees and awesome digital currency support. As it reportedly has access to abundant resources and partners, chances are that Binance will continue to evolve and offer great digital currency exchange services to its clients. We are happy to recommend Binance and have added it to our list of the Best Cryptocurrency Exchanges.
Update, April 2019: We have continued to update this review since Binance was first launched ( we were one of the first to offer a review of the platform at the time ). And as time has progressed, time and time again Binance have proven to be one of the very best, if not the best, exchanges available. Their CEO Changpeng Zhao (CZ for short) has been part of the cryptocurrency community and shown high standards of integrity. Binance the exchange has continued to innovate, bringing new products to market and new options for purchasing and trading cryptocurrencies to all corners of the globe.

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A detailed simple guide for Pundi X in Spanish language.

Website; https://www.bitcobie.com/pundix/
Extracted from site below;
¿Qué es Pundi X?
Comprar criptomonedas debería de ser tan fácil como comprar una botella de agua. Esta frase es el eslogan oficial de Pundi X y no hay una frase que defina mejor al proyecto ni el camino que deben coger las criptomonedas para llegar a una adopción masiva.
A principios de 2018, justo cuando se empezó a desinflar el mercado tras el espectacular rally del 2017, Pundi X cumplía con las expectativas y consigue recaudar en su ICO 35 millones de dólares en apenas 90 minutos.
No era para menos ya que Pundi X puede convertirse en una pieza clave para el éxito de todo el ecosistema blockchain. Lo interesante de este proyecto es que se puede convertir en el puente perfecto para que el resto de las criptomonedas lleguen a billones de personas que de otra manera tardarían mucho más en conocerles.
Comprar criptomonedas debería de ser tan fácil como comprar una botella de agua.CLIC PARA TUITEAR
Las aspiraciones de esta ambiciosa empresa son el desplegar una gigantesca red de puntos de venta con la que facilitarían el acceso a la criptoeconomía a entusiastas, comerciantes y cada vez a más usuarios para así llegar lo antes posible a una plena adopción de las criptomonedas.
Este proyecto de origen indonesio nace también con un gran propósito, que es el de dar acceso a servicios financieros a la población desbancarizada de indonesia que es una inmensa mayoría. Ese mismo modelo lo podrán replicar en zonas de África y Sudamérica, sin duda es un nicho de mercado prácticamente infinito.
Pundi X ofrecerá también a los usuarios un monedero simplificado y es que la fortaleza de este proyecto es la debilidad de muchos otros, la larga y costosa curva de aprendizaje del usuario medio es lo que pone más barreras a la entrada de nuevas personas al criptomundo, con Pundi X esta curva se hace mucho más pequeña y llevadera.
¿Quién es quien en el equipo de Pundi X?
Para mucha gente el equipo de Pundi X es de los más activos que existen y el trabajo en el proyecto es constante, además de eso es un equipo muy abierto a la comunidad y lo han demostrado con numerosos ejemplos en los que se han atendido peticiones de los usuarios en beneficio del proyecto.
Su CEO y cabeza visible es Zac Cheah, formado en diversas universidades tecnológicas y con una amplia experiencia en el ámbito de los videojuegos, ha trabajado en Google y en Opera. No duda en moverse por todo el mundo para mostrar las posibilidades de Pundi X a curiosos e inversores.
Pitt Huang es su CTO/COO, emprendedor desde muy temprana edad vendió su primera empresa a los 25 años, es un apasionado de los gadgets y una figura muy importante para PundiX, igual que su presidente Constantin Papadimiriou, que cuenta con una dilatada experiencia en el ámbito del Fintech.
El CFO de PundiX, Danny Lim, es un experto financiero con experiencia laboral en Lenovo o Baidu. El equipo lo cierra David Ben Kay, que es el encargado de que todos los ámbitos legales y normativos se cumplan. David estuvo dentro de la Ethereum Foundation, en Microsoft China y se graduó en la universidad de UCLA.
Este equipo se complementa con una infinidad de embajadoresrepartidos por todo el mundo que hace una labor diaria de acercamiento a la comunidad, recientemente se ha nombrado a Joao Victor representante de PundiX en Latinoamérica, a Liko Yosafat como una de las personas más activas dentro de Pundi X o a Gerhard Drobits, responsable de PundiX en Europa.
¿Cuales son las alianzas de Pundi X?
La naturaleza del proyecto de PundiX permite que para los grandes actores del criptomundo les sea muy atractivo remar al costado de este gran proyecto. Ahora mismo entre las filas de asociaciones con PundiX se encuentran empresas como Binance, Nem, Verge, Qtum, Stellar, Achain, ZCash, Utrust o Fintech Indonesia entre muchos otros.
Se rumorea también por internet que Pundi X pudiese tener entre parte de sus advisors a gente de McDonalds Indonesia o Nike, de eso no hemos podido confirmarlo así que lo dejaremos como un simple rumor, pero sin duda es cuestión de tiempo que grandes empresas se sumen a la revolución de las criptomonedas.
¿Qué es NPXS?
NPXS es el actual token de Pundi X, un token ERC20, funciona en la blockchain de Ethereum y es el gas de la plataforma PundiX y el que garantiza su funcionamiento.
En un principio el token de Pundi X era PXS, pero tras recibir innumerables peticiones por parte de la comunidad de realizar una fracción mayor del mismo la comunidad decidió realizar un swap, en el que el usuario que enviaba un PXS recibiía 1.000 NPXS. De esa manera las métricas de Pundi X se convirtieron en algo más coherente para el correcto funcionamiento del XPOS, la joya de la corona.
Es muy importante que conozcas la naturaleza real del token NPXS, ya que no fue ideado para convertirse en un medio de pago, si lo fue Pundi X, el token NPXS es la gasolina del XPOS y el elemento con el que se podrá interactuar tanto con la empresa como con las funciones del punto de venta.
Podrás observar que el número total de tokens de Pundi X es bastante mayor que el de la mayoría de criptomonedas, algunos eso lo ven como un freno a una subida considerable de su precio, pero la realidad es que si el supply fuera más bajo quizás se quedaría corto una vez desplegada toda la rede de puntos de venta, que es el propósito por el que trabaja el equipo de Pundi X.
¿Cómo funciona el airdrop de Pundi X?
Mucha gente llega a este proyecto por su airdrop y es que parte de la distribución planteada por Pundi X en su Whitepaper es la de desbloquear los tokens en beneficio de sus holders progresivamente todos los meses, así quedó fijado que durante el 2018 se daría cada mes un 7,316% sobre los tokens que hubiese en cada wallet de Pundi X, incluso estando en la mayoría de exchanges, aunque no en todos en los que se pueden negociar.
Este porcentaje se reducirá en 2019 al 2,11637% y al 0,88187% a partir de enero del 2020, dando por finalizada la distribución del token de Pundi X el 31 de enero de 2021.
Este sistema que a priori es muy atractivo para el poseedor de Pundi X a largo plazo se convirtió a mediados de 2018, en pleno mercado bajista, en un arma de doble filo para el holder ya que la sencillez de obtener los tokens atrajo a más especuladores de los que podría soportar el proyecto.
El sistema de distribución antiguo solo requería tener tokens de Pundi X tres horas antes del snapshoot y tres horas después. Esa cantidad es la que determina cuantos tokens tenía tu wallet y acto seguido al cabo de unos días recibías tu recompensa por aguantarlos.
Este sistema provocó que un gran número de personas compraran masivamente NPXS antes de la foto y vendieran inmediatamente después ya que una vez hecha esta, recibirían igualmente los tokens que les corresponde, esos tokens por supuesto se vendían nada más llegar para arañar BTC o ETH, convirtiendo a Pundi X en un “proyecto escalón” vapuleado por grandes especuladores que perjudicaban al fiel holder de Pundi X.

Revisando el sistema de distribución de tokens
Una vez más el equipo decidió escuchar las numerosas peticiones de revisar el sistema de distribución de los tokens de PundiX y propuso a votación en agosto del 2018 un nuevo sistema, que, aunque no es totalmente perfecto, es inifinitamente más justo con el holder de Pundi X que el anterior.
El nuevo sistema hace una media de los tokens que tienes durante todo el mes en tu monedero, de tal manera que para recibir el 7,316% total de 1 NPXS este tiene que estar 30 días en tu poder, de no ser así te corresponde la parte proporcional a los días que lo hayas guardado. La nueva formula es la siguiente:
(La cantidad más baja de tokens NPXS del mes X 10%) + (la cantidad promedio diaria de NPXS X el resto de los días de retención X 90%)
Para que lo entiendas mejor, te planteamos tres ejemplos:
Ejemplo 1:
Imagina que a principio de mes tienes 2.000 NPXS, decides vender 1.000 NPXS el 15 de agosto y vuelves a comprar 1.000 el 30 de agosto. Realmente solo hay dos transacciones en tu monedero ese mes y el número de tokens es el mismo al final de mes, pero durante 14 días sólo has tenido 1.000 NPXS, por lo tanto:
(1000 x 10%) + {[(2000 x 14 días) + (1000 x 14 días) + (2000 x 2 días)] / 30 días} X 90% = 1480
Los tokens desbloqueados que recibirás serán alrededor de 108 NPXS (1480 X 7.316% = 108)
Ejemplo 2:
Si no tenías ningún NPXS a principio de mes y decides comprar 2.000 NPXS el 30 de agosto, sólo has tenido tokens de Pundi X 2 días, por lo que entiende la comunidad que no es justo que recibas lo mismo que alguien que los ha tenido todo el mes, por lo tanto con el nuevo sistema el calculo sería:
(0 x 10%) + {[(2000 x 2 días + 0 x 28 días) / 30 días] X 90%} = 120
120 X 7.316% = 8
Los tokens desbloqueados que recibirá serán aproximadamente 8 NPXS.
Ejemplo 3:
Si el número de tokens de tu monedero no varía en todo el mes, es decir tienes 2.000 NPXS y no haces ningún movimiento lo que recibirás es lo siguiente:
(2000x 10%) + [(2000 x 30 días) / 30 días] X 90% = 2000
2000 X 7.316% = 146
Recibirá alrededor de 146 NPXS
Reparto equitativo de tokens
Como puedes observar este sistema reparte de una manera equitativalos tokens en función a los días que los mantienes en la cartera, por lo tanto si tu idea es acumular y recibir el total del airdrop mensual es importante que compres los tokens antes de las 23:59:59 SGT (GMT+8) del último día de mes, para recibir el mes siguiente el porcentaje total de la distribución de tokens de Pundi X.
Este reparto entrará en funcionamiento a partir de septiembre del 2018, el equipo aún no sabe si por dificultades técnicas las casas de cambio harán correctamente ese reparto por lo tanto recomiendan fervientemente mantener los tokens de Pundi X en una wallet ERC20 en la que tengas el control de tus claves privadas.
En un nuevo comunicado el equipo ha anunciado el día 28 de agosto del 2018 que los exchange Binance y OkCoin Korea soportarán el nuevo sistema de airdrop.
(Nosotros en Bitcobie te lo recomendamos inclusive si los exchanges hiciesen el reparto correctamente ya que, sin control de tu clave privada, no tienes realmente nada)
Cómo invertir en PundiX sin morir en el intento
PundiX actualmente es un token ERC20, por lo tanto, funciona en la blockchain de Ethereum y como todos los tokens ERC20 se puede almacenar en una wallet compatible con esa tipología de tokens. Por lo cual, el primer paso que tienes que realizar es el de elegir bien donde vas a almacenar tus NPXS.
El equipo de Pundi X (y Bitcobie) te recomienda fervientemente que almacenes tus tokens NPXS en una wallet en la cual controles las claves privadas, bien puede ser en MyEtherWallet, usando la interfaz de Metamask o en tu Ledger Nano, siempre en función a la seguridad con la que quieras trabajar.
Lo que no es recomendable y no sólo por no recibir correctamente el airdrop con el nuevo sistema, es almacenarlas en un Exchange. No olvides que si lo haces de esa manera no tendrás el control de tu clave privada por lo tanto serás vulnerable a los hackeos de estas páginas pudiendo perder todos tus fondos.
Una vez elegido el recipiente es importante que te hagas con Bitcoin o Ethereum para intercambiarlo por Pundi X, actualmente no hay ninguna casa de cambio que acepte el cambio directo entre Pundi X y dinero FIAT. Para eso las opciones recomendadas suelen ser Coinbase, Localbitcoins o si resides en España, Bit2me, una página que realmente pone muy fácil al usuario el acceder a sus primeras criptomonedas.
La verdadera revolución de Blockchain llegara cuando mejore al menos 10 veces lo que tenemos hasta ahora.CLIC PARA TUITEAR

Cuando tengas la cantidad deseada de Ether o Bitcoin, deberás mandarlos a la casa de cambio de tu elección que permita el intercambio de esas criptomonedas por Pundi X, actualmente puedes hacerlo en: Binance, Latoken, Hotbit, Coinnest, Bitbns, CoinBene, Coinrail, Gate.io, Tidex, Tokenomy, Bit-Z y Radar Relay (por orden de volumen diario)
Una vez hecha tu compra llega el momento de decidir enviarlos o no a la wallet que has escogido previamente, nuestra recomendación es que te fijes siempre en las comisiones que te vayan a cobrar las casas de cambio, hay ocasiones en que, si la cantidad adquirida es muy pequeña, la comisión se come demasiada parte del lote.
Si tu idea es tradear con Pundi X, lo mejor es que lo mantengas en el Exchange de tu elección para poder disponer de ello cuando sea necesario, aunque si ese va a ser tu camino, a partir de septiembre podemos decir que el airdrop para ti será totalmente testimonial ya que buscarás beneficios por otra vía que no es la del holder.
¿Qué es NPXSEM y en qué se diferencia de NPXS?
Este punto es delicado para algunos de los inversores de Pundi X, pero nada más lejos de la realidad. Pundi X llegó un acuerdo con NEM para desarrollar también sus XPOS en la blockchain de NEM, este acuerdo implica la distribución de 20.000 dispositivos en tres años (las previsiones para Pundi X son de distribuir al menos 100.000 dispositivos en tres años)
Esta versión del token no divide al proyecto ya que el proyecto siempre ha sido NPXS, en el caso de NEM es simplemente un cliente del proyecto, ya que toda la investigación y desarrollo del equipo de Pundi X se centra en NPXS. Además, todas las funciones del XPOS se realizarán con NPXS y el uso del XPOS basado en NEM también quemará tokens NPX.
Si has llegado aquí para saber de uno y de otro proyecto, lo que tienes que tener claro es que el que actualmente tiene más volumen, más equipo, más distribución y mayor proyección es NPXS, el otro token es independiente de los logros del primero.
La blockchain de Pundi X, f(x)
Uno de los anuncios más importantes de Pundi X desde su lanzamiento ha sido el de su futura blockchain. Una vez lanzada Pundi X dejaría de depender de la red de Ethereum o Nem, y pasaría a ser un agente muy poderoso en el criptomundo y teniendo en cuenta las aspiraciones de convertirse en el puente entre el mundo real y el criptomundo, era necesario dar un paso así.
Internet cambió por completo todas las capas del mundo. El TCP/IP se convirtió en el estándar de comunicación y empresas como Cisco o IBM fueron las encargadas de colocar las tuberías y engrasar la maquinaria que ejecutaría esos protocolos. Internet propició un mecanismo de información tan rápido que han permitido a Google, Facebook o Amazon terminar prácticamente con la industria tradicional de comunicación e información. ¿Puede blockchain convertirse en el próximo internet?
Zac Cheah, CEO de Pundi X Labs, ve la revolución de blockchain en tres fases. Bitcoin fue la carta de presentación al mundo de lo que eran las criptomonedas. Ethereum nos enseñó como construir activos descentralizados, los miles de altcoins que conocemos. La tercera fase de la revolución es lo que tantas compañías Blockchain anhelan, llevar el rendimiento de la cadena de bloques a un nivel completamente superior al de la industria tradicional e internet.
Para llegar a ese punto, es necesario que blockchain mejore al menos 10 veces lo que tenemos hasta ahora. En otros momentos revolucionarios, Disquetes, VHS, fibra óptica, han demostrado que esa mejora es esencial en la ecuación si se pretende cambiar un estándar.
Velocidad x10
Actualmente Visa puede ejecutar entre 7.000 y 20.000 transacciones por segundo, TPS. Cualquier cadena de bloques que ofrezca pequeños múltiplos de mejora no desplazará un sistema tan robusto como el de Visa o MasterCard. Una mejora de 10x significa que tendríamos que conseguir 200.000 TPS. Hay varias compañías que pretenden conseguir ese punto, incluso algunas dicen haberlo conseguido, al menos sobre el papel.
PundiX pretende conseguir esa mejora no sobre su whitepaper, sino en aplicaciones reales, ya que de otra forma el resto sería palabrería. La pregunta entonces es si Pundi X puede llegar a esos números o superarlos de manera realista.
Habría que analizar por puntos. El sharding es el proceso de dividir una red global en partes de una red local. Cada red local se hace cargo de un consenso de dos tercios para que una transacción en particular se verifique en la red local para luego transmitirse a la red global.
Esto es uno de los métodos en el que las compañías de blockchain están trabajando muy fuertemente, Pundi X es una de ellas ya que uno de los problemas actuales es que si una blockchain actualmente tiene 21 nodos (por ejemplo) y tarda un segundo para confirmar una transacción, en el momento en el que tenga 210 nodos, tardará 10 segundos en verificar por consenso esa transacción.
Por lo tanto, Pundi X pretende convertir en un nodo cada XPOS que distribuya, de esa forma con el Sharding, conseguiría tener una blockchain con 100.000 nodos, que mediante el sharding conseguiría una velocidad de TPS envidiable.
Escalabilidad x10
Cuanto mayor escalabilidad, más negocios se pueden tener. En blockchain eso está más patente que nunca, en este caso dependemos del código y de los nodos. Actualmente Ethereum es la blockchain con mayor número de nodos, pero quizás no por mucho tiempo. PundiX tiene como objetivo implementar 100.000 XPOS en todo el mundo que actuarían como nodos de la red de PundiX, eso en tres años.
Consenso x10
Muchas veces llegar a un consenso es un gran problema, como en la vida, cuanto más grande es la población más lento es llegar al consenso. Si un pequeño grupo puede decidir por el grupo mayor en un parlamento, el consenso se puede acelerar, ¿pero de qué manera sabemos que hemos elegido bien al grupo que nos gobierna?
PundiX propone que de sus 100.000 XPOS se elijan aleatoriamente el 1% de los nodos para tomar una decisión, pero señala la necesidad de que los nodos no sean de una misma región, ya que eso haría que el consenso no fuese del todo efectivo. Si cumple con su objetivo de distribuir sus XPOS por todo el mundo conseguirá aumentar la velocidad del consenso a la vez que garantiza su descentralización.
Apertura x10
La Blockchain de Pundi X se está construyendo para que todas las blockchains públicas puedan trabajar en ella. Pretenden que desarrolladores puedan crear dAps que se incluirían en la blockchain de Pundi X, los minoristas de XPOS podrán descargar actualizaciones y expandir su oferta a los consumidores, o incluso se podrán desarrollar Smart contracts que permitan una conexión total entre usuarios de Pundi X y emisarios.
F(dApps)
Los desarrolladores especializados en Android podrán desarrollar aplicaciones en f (x) y por ende en el XPOS, de la misma manera que lo hacen con las apps para Android. Habrá una DApp store que permitirá cargar aplicaciones desarrolladas para el XPOS e instalarla en el dispositivo del comerciante, como si de un Smartphone se tratara. El XPOS además servirá de nodo neutral para que otras blockchains puedan desplegar aplicaciones propias.
¿Qué es el XPOS?
El XPOS es la joya de la corona de Pundi X, sin duda es la pieza con la que pretenden revolucionar la revolución que supone para el mundo la tecnología Blockchain. Este aparato, que recuerda por su forma a un datafono permite que la interacción con las criptomonedas sea algo sencillo para el usuario ya que podrá pagar con tarjeta de crédito, con XPASS, con Apps para adquirir criptomonedas o incluso usar estas últimas para intercambiarlas por bienes y servicios.
La implementación de este dispositivo no es meramente comercial, ya que cada uno representará un nodo en la futura blockchain de Pundi X, por lo tanto, son una pieza clave para el éxito de este ambicioso proyecto.
El Pundi X XPOS soporta pagos desde monederos de criptomonedas o de métodos tradicionales como pueden ser Visa, ApplePay etc… De esa manera el comerciante puede tener en un sólo dispositivo todos los métodos de pago que acepte en su tienda. El comerciante también puede recibir beneficios de los anuncios que se pongan en la pantalla del XPOS, estos anuncios se pagarán con NPXS.De una manera sencilla el XPOS ayuda a los comerciantes a facilitar las operaciones de compra venta de Bitcoin, ETH, XEM, QTUM, ACT, NEM, VERGE, BNB y muchos más, ya que incluso se permite el listado de monedas locales siempre que tengan al menos 5.000 usuarios.
Además de esto, el XPOS permite comprobar las transacciones con criptomonedas, las membresías Premium de la tienda, controlar el inventario, controlar los pedidos etc…
Cuando el empleado va a hacer una transacción, como por ejemplo comprar Bitcoin, el usuario ve en la pantalla el precio en moneda local, entonces escanean el código QR con sus monederos y completan la transacción de manera inmediata.Una vez hecha la transacción de manera satisfactoria, el XPOS imprime un recibo para el cliente y el comerciante, como los datafonos tradicionales. En este recibo también se podrían emplazar anuncios, por los que el comerciante recibiría también una comisión.
Hay que destacar que los puntos de ventas convencionales suelen cubrir una gama de funcionalidades, como puede ser una caja registradora, un datafono de tarjetas de crédito o un software para gestionar el inventario. El XPOS de PundiX es capaz de hacer todo eso y aceptar y procesar criptomonedas, de esa manera enriquece la experiencia minorista tanto para comerciantes como para clientes.

Especificaciones técnicas
El XPOS combina lectores de tarjetas múltiples, estándares de encriptación y funciones de casa de cambio de criptomonedas. Todo ello lo consigue además con un dispositivo ligero que se adapta fácilmente a la mano del usuario.
El XPOS tiene una pantalla de 5,5” de alta resolución y un teclado táctil, con la batería puesta el dispositivo pesa 450g, con unas medidas de 210 x 75 61 mm, consiguiendo reducir muy notoriamente el espacio que ocupan los cajeros de bitcoin habituales, facilitando así su distribución en cualquier tipo de proyecto.
Batería: el dispositivo XPOS es alimentado por una batería desmontablede polímero de iones de litio con una capacidad de 4000mAh (salida de 3.8V), equipada con un cable de carga microUSB y una fuente de alimentación externa, así como una batería de celda de botón de respaldo. La batería y el estado de carga están convenientemente indicados por luces LED.
El software que usa el XPOS de Pundi X está basado en Androidañadiendo una capa extra de seguridad, diseñada para admitir tanto apps sobre blockchain como para admitir monederos de criptomonedas o realizar conexiones continuas con casas de cambio seguras.
El hardware del dispositivo incluye un procesador ARM COrtex MTK8735 de cuatro núcleos (1,3GHz), 1 Gb de RAM, ROM 8G y un módulo dedicado de CPU de seguridad, (Megahunt Micro 1901C). El XPOS viene con una variante de ROM2Gb (RAM) + 16Gb. La capacidad de almacenamiento del dispositivo es de 4,11GB
Lectores de tarjeta, bandas magnéticas y lectores Contact-Less
Pundi X ofrece una gran variedad de hardware compatible que incluye un lector de bandas magnéticas, lectores IC de contacto y sin contacto, lector PSAM, Lector SIM/UID y un lector TF.
Además de esos lectores está equipado con una cámara trasera AF de 5MP con flash que permite escanear códigos de barras o QR, tomar fotos para el registro KYC al activar la tarjeta criptográfica, una impresora térmica para imprimir los recibos, puertos de E/S y micrófono y altavoz integrados.
Gestión segura de claves y protocolos de encriptación
La compatibilidad del XPOS es global, se puede usar por todo el globo terráqueo. Las bandas anchas que pueden usarse incluyen FDD-LTE (B1 \ B2 \ B3 \ B5 \ B7 \ B8 \ B20 \ B28), b (B40 \ B41), WCDMA (B1 \ B2 \ B5 \ B8) y GSM (cuadrante banda). También viene con Wi-Fi de doble banda, Bluetooth y GPS incorporado.
La CPU y su área circundante se diseñaron minuciosamente y se han ubicado en un segmento protegido. Cualquier intento de abrir el componente protegido activará la alerta de seguridad y eliminará los datos confidenciales.
El XPOS tiene un diseño de CPU especial para almacenar la clave pública encriptada y proporciona la seguridad física. Tanto el número de identificación único de la CPU como una clave cifrada generada al azar protegen los datos FLASH y la clave pública encriptada, asegurando que los datos subyacentes de XPOS y BOOT, KERNEL sean seguros.
Desde los niveles BOOT, KERNEL, SYSTEM y APK, la verificación de la firma se realiza capa por capa. Solo APK legítimos se pueden instalar en el sistema. Para actualizar la capa subyacente hasta la capa superior, el sistema debe verificar y validar la firma, de lo contrario, las aplicaciones no se pueden instalar en el XPOS.
El lector de banda magnética está diseñado para evitar la extracción o colocación de detectores. Si se detecta dicha acción, activará una alerta de seguridad y eliminará los datos confidenciales.
Precio y distribución del dispositivo
El precio del dispositivo ronda los 300$ si se compran franjas de 1 a 10 dispositivos, en caso de pedidos mayores va descendiendo su precio. El pago de los 300$ se debe hacer en NPXS, tomando el valor del momento de la compra, parte de esos fondos son la garantía de funcionamiento del XPOS ya que es Pundi X siempre la propietaria del dispositivo y la encargada de repararlo o sustituirlo en caso de avería.

Aunque cada dispositivo vendrá con 10 tarjetas, es posible comprar lotes por separado incluso tu como usuario pedir tu propia tarjeta. Una de las características más interesantes es que si un comerciante hace un pedido medio tendrá la posibilidad de personalizar sus tarjetas con su logotipo e incluso el nombre de su cliente.

El plan de distribución de Pundi X es el de conseguir colocar 100.000 dispositivos como mínimo en tres años, viendo la gran demanda de soluciones como la suya, seguramente esa cifra se pueda quedar corta, en Julio del 2018 se inició la distribución de 5.000 dispositivos a los inversores de la ICO y socios estratégicos y en Agosto del 2017 se abrió la posibilidad de realizar un pedido de otros 5.000 dispositivos, en esta ocasión abiertos a todo el mundo.
Comisiones y beneficios para Pundi X y el comerciante
El comerciante que emplea el XPOS obtiene beneficios de diferentes fuentes:
Obtiene un 1% extra sobre el precio como comisión (Se puede configurar desde un 0% a un 3%, aunque Pundi X recomienda usar el 1%)
Puede vender Criptomonedas aplicando de nuevo esa tarifa del 1%
Puede vender las tarjetas XPASS
Puede configurar su inventario, programas de lealtad, anuncios o imprimir recibos inteligentes
Recibir ingresos por publicidad mostrada en sus recibos o dispositivos
Puede aceptar criptomonedas como medio de pago, recibiendo otra vez el 1% de comisión
Por supuesto, será un pionero en tender un puente entre el usuario medio y el criptomundo.
El 100% de los ingreses que genere Pundi X a través de las transacciones en el XPOS se quemarán automáticamente del circulante de NPXS, eso quiere decir que si en una transacción, Pundi X gana 1$ de comisión, se eliminará automáticamente y de forma permanente el equivalente a 1$ en NPXS de ese momento.
El plan de distribución de Pundi X es el de conseguir colocar 100.000 dispositivos como mínimo en tres años.CLIC PARA TUITEAR
Si la operación se ha realizado con tokens de Pundi X, la comisión se retirará automáticamente del circulante, en caso de que la transacción se haya hecho con otra criptomoneda o incluso con FIAT, se realizará una recompra de la comisión que acto seguido se quemará del circulante total. En el caso de que se haga un pago en FIAT incluyendo pagos con tarjetas Visa o Mastercard se quemarán de la misma forma tokens NPXS.
Imagina entonces que un usuario compra un valor de 1.000€ en criptomonedas a un comerciante, y lo hace además usando la tarjeta XPASS. El cargo total que pagará el usuario será de 1.010€, es decir, 1.000€ por el valor de las criptomonedas y 10€ de la comisión del servicio. De estos 10€ se pagan 3,5€ a Pundi X y 6,5€ al comerciante por proporcionar el servicio de XPOS y XPASS.
Si en un mismo caso el usuario no emplea una tarjeta XPASS de Pundi X y emplea una tarjeta de un Partner de Pundi X o del comerciante, la comisión se repartiría en un 65% para el comerciante, un 5% para Pundi X y un 30% para el Partner emisor de la tarjeta.

Conclusión
Cuando estábamos ideando Bitcobie no conocíamos un proyecto como PundiX, si lo hubiésemos hecho, seguramente la primera guía que hubiésemos escrito hubiese sido esta y no la de Bitcoin. No por desmerecer a la reina de las criptomonedas, ni mucho menos. Lo hubiésemos hecho porque PundiX puede convertirse en la pieza clave de la adopción mundial de la tecnología blockchain.
Su solución facilita la vida al usuario y facilita la vida al comerciante, de hecho, la posibilidad de concentrar en el XPOS todo lo que necesita un comercio para funcionar hace que su atractivo se multiplique por 10.
Por no decir que la relación de PundiX con su comunidad es de las más cercanas que hemos podido ver, cosa que se agradece. El equipo muestra una transparencia total y es de los equipos más activos que existen en el panorama cripto.
La noticia de su propia blockchain que a la vez dará servicio a otras blockchain es una muestra más de que PundiX se quiere convertir en una piedra angular para todo el mundo. El convertir los XPOS en nodos es una auténtica jugada maestra que dotará a PundiX de la posibilidad real de mejorar la velocidad de transacciones soportada por un gigante como VISA.
Como en todo en este mundo hay que ser prudentes y ver la blockchain de PundiX en funcionamiento, pero si funciona igual de ligera y eficaz que su XPOS sin duda estamos ante uno de los proyectos más prometedores que se pueden encontrar hoy en día en el criptomundo (Sin contar que es de los pocos que ya tienen un producto en la calle funcionando, no solamente un MVP o una idea).
submitted by Superbit123 to PundiX [link] [comments]

Cryptocurrencies are largely negative as Bakkt announces official December launch of Bitcoin futures trading

Crypto News

Sources:
https://www.ccn.com/caspian-ico-raises-19-5-million-for-institutional-crypto-trading-platform/ https://www.coindesk.com/fidelitys-blockchain-incubator-lead-just-went-full-crypto/ https://www.coindesk.com/htc-will-start-shipping-the-exodus-blockchain-phone-in-decembe https://cointelegraph.com/news/nyse-parent-company-reveals-launch-date-for-bitcoin-futures-on-bakkt-platform https://www.theice.com/publicdocs/futures_us/exchange_notices/ICE_Futures_US-Notice_BitcoinLaunch102218.pdf https://www.coindesk.com/bitcoin-futures-will-go-live-on-ices-crypto-trading-platform-in-decembe https://www.ccn.com/nyse-owners-bitcoin-futures-market-will-open-in-mid-decembe https://www.coindesk.com/payments-startup-square-is-open-sourcing-its-bitcoin-cold-storage-solution/ https://cointelegraph.com/news/national-bank-of-canada-pilots-blockchain-to-combat-complex-processes https://www.ccn.com/sec-suspends-cryptocurrency-related-otc-stock-for-false-claims/ https://cointelegraph.com/news/us-sec-suspends-securities-trading-of-nevada-based-firm-for-false-crypto-claims https://cointelegraph.com/news/govt-owned-holding-company-subsidiary-invests-in-binances-singapore-expansion https://www.coindesk.com/singapores-sovereign-fund-venture-wing-invests-in-binance/
submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

Binance CEO Makes Rare Price Prediction—Says This Is When ... CFO Insights-Unleashing blockchain in finance Bitcoin. Btc Airdrop - Binance broadcast by CZ CEO - YouTube Binance CEO about Bitcoin & Ethereum Giveaway, platform ... Binance - CEO Zhao Changpeng Talks - Bitcoin - Ripple - South Korea Regulations Hack Bitcoin From Blockchain Unspent and Unconfirmed ... CZ Binance interview – What to expect from crypto in 2020 Binance CFO Wei Zhou about Bitcoin SV delisting & Binance blockchain!

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Binance CEO Makes Rare Price Prediction—Says This Is When ...

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