Why Cryder ICO May Change Ridesharing Forever

Cryder is a radical new concept in ride sharing. Often a completely decentralised, open-source platform that any passenger or driver can plug into. Perhaps most astonishing if it it lives up to its hype it will be completely unregulatable. Once live it could change the way we think about ride sharing forever.

Challenges Of The Current Market

The current on-demand marketplace is plagued with challenges. Existing players in the market with plenty of political sway like Taxi drivers can ensure that on-demand services are either banned or heavily limited. This in turn that passengers typically have to resort to either public transport or taxi services. Even the leader in the on-demand transportation industry, Uber, is only available in less than half of the countries in the world.

For passengers this has meant that transportation is very expensive on a cost per kilometer, service can be highly variable and wait times unpredictable.

There are a number of reasons why existing transportation solutions within the taxi and service car industry are not currently meeting consumers needs. Chief among these a limited number of licences available for taxi drivers and the high cost of acquiring these licences. The process of acquiring a licence can be time consuming and the requirements of maintaining that licence are intensive. This meets that there has been an undersupply of taxis relative to demand in most markets.

Challenges Faced By Existing Rideshare Companies

The growth of rideshare companies like Uber and Lyft has certainly been impressive. But, this growth has been with an almost equally large backlash from entrenched taxi services and regulators.

On-demand ride share companies are facing multiple lawsuits and regulatory challenges. In many key markets they have been outright banned. The uncertain regulatory environment for on-demand ride share companies means that it is impossible for shareholders to predict the future prospects for the companies.

Drivers have been reluctant to invest with a particular ride share company because it is unclear whether any specific platform will exist long term.

The problem of existing taxi companies and regulations isn’t the only issue facing these on-demand companies. There is also many concerns around privacy. These companies are highly centralised but also retain a large amount of financial and geo location data about their users. This makes this data both susceptible to spying from governments and criminals.

Cryder Token Sale

Why Cryder Is Different

Cryder isn’t aiming just to compete with existing ridesharing and taxi companies. Instead it is looking to create an entirely new self regulated industry where anyone is able to become an on-demand driver. This will be a completely decentralised marketplace where drivers can join without paying any fees. There will in fact be no third parties involved in the process at all. Cryder is simply the mechanism which will connect drivers with passengers.

No More Discrimination

In this new marketplace the only determining factor will be what you are willing to pay for a ride, and what a driver will charge you for it.

Passengers will not be able to see any other information about the person who will drive them. Likewise drivers won’t have any personal information about their passengers.

The only determining factor will be price. While this may mean less information for both parties, it also will mean complete privacy and the end of discriminatory practices.

Cryder Drivers Will Receive Up 80% Of Fees

Drivers who choose to drive with Cryder will be able to earn up to 80% of their driver fees. Compare this with Uber where drivers typically only receive 50% of the fees that they earn from driving. This will make it considerably more economical to drive with Cryder compared to any existing centralised on demand ride service.

Cryder Is Open Source

One of the primary concerns people have about working for ride sharing services is the possibility of them being shut down. With Cryder this will not be possible because it will be completely open source.

If the Cryder app was to be removed from the app store, then a developer could produce a completely new app for consumers to use.

Other software can be built on top of Cryder allowing the platform to expand and adapt according to developers and users needs.

Cryder Token Sale

Cryder will be issuing Cryder Tokens ($CDT). In total there will be 450 million $CDT issued. 50 million $CDT will be issued during the pre sale and the remainder during the main sale. 8% of all tokens will be locked up for a period of one year.

In order to ensure that there is broad public recognition of Cryder as a ridesharing solution 45% of the funds collected during the token sale will be used as a part of a marketing campaign. A further 35% will be used for the development of the Cryder platform.

Read more

Website: https://www.cryder.io/

Whitepaper: https://www.cryder.io/files/cryder_whitepaper_en.pdf

 

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Hydrominer ICO To Provide Green Alternative For Mining – And It’s Cheap!

For most crypto-enthusiasts being involved with mining is no longer practical. However a new crypto mining operation is currently running their token sale giving everyone the opportunity to get a piece of the mining pie. What’s more this mining operation will be powered by clean, green hydropower.

Hydrominer At A Glance

  • Hydrominer is a crypto mining operation based in the Austrian Alps powered by hydroelectricity.
  • Hydroelectricity benefits from being extremely cost effective and having a minimal environmental impact.
  • Hydrominer is running a token sale from October 18th to November 15th during which time backers can buy into the H20 Token.
  • The H2O token can be exchanged for mining time.

Background To Hydrominer

Hydrominer has its roots in 2012 when two sisters Nicole and Nadine Damblon starting experimenting with mining at home in their apartment. Seeing the profit potential from mining the sisters started to examine how they could run their mining operation most cost effectively. The identified that in order to obtain electricity at the minimal price it was necessary to go to the source. In Austria this is the hydropower in the alps. The sisters set up Hydrominer in 2016 with two rented hydro mining operations. They are now looking to expand the operation through the token sale.

How Exchanging H2O Tokens For Mining Time Works

Any H20 holder will be able to exchange their tokens for mining time on the Hydrominer platform. In order to do this the owner of the token simply needs to register on the platform and then exchange the token for mining time. Any proceeds earned from that mining time will be paid out on a daily basis. This gives H2O two significant advantages. Firstly the total supply of the tokens available will decrease over time. All else being equal this should cause the price to rise. Secondly token owners can earn additional income by taking advantage over mining time.

Which Coins Hydrominer Will Mine

Hydrominer is planning on focusing on the following coins:

  • ETH
  • BTC
  • ZEC

They will also focus on a profitable mix of coins based on a particular algorithm. Token holders will be able to choose which coins they choose to mine when they exchange their tokens for mining time credits.

Read more:

Hydrominer Token Sale: https://www.hydrominer.org/

Hydrominer White paper: https://www.hydrominer.org/wp-content/uploads/HydroMiner.pdf

How Fidcom Is Creating The 1st Crypto Investment Company Using Decentralised Governance

Cryptocurrencies have opened a whole new world of investment opportunities.

From new ways of funding startups, to new trading opportunities to innovative ways to buy and sell financial assets, the world of investing is being turned on its head.

A brash new startup called Fidcom is tackling these opportunities head on with their new ICO.

Fidcom is entering a range of hot areas in the cryptocurrency sphere.

To fund these projects they are currently opening up a token sale to the public.

Fidcom ICO In BriefFidcom ICO

ICO symbol: FIDC
ICO start date: 19th October 2017
ICO finish date: 19th November 2017
Raise target: $18 million
Technology: Standard ERC20
Blockchain: Ethereum
Buyback: 50% of new profits allocated to buybacks on a quarterly basis.
Website: https://fidcom.net
Whitepaper: https://fidcom.net/wp-content/uploads/2017/08/Whitepaper_en.pdf

Activities Planned For Fidcom

Fidcom has a number of interesting activities planned off the back of their token sale. The funds raised during the token sale will be allocated to these different activities based on their profit potential and cost to develop.

In order to bring more fiat funds into the cryptocurrency space Fidcom will be launching their own cryptocurrency exchange. The goal for this exchange is to hit daily trade volumes of $6 million. Fidcom have determined that in the beginning they are likely to be the market maker for their exchange. Over time however they hope to bring in other market makers.

By the 1st of December 2017 Fidcom plans to launch an investment portfolio with up to $9 million in funds. This fund will focus on some of the most popular cryptocurrencies. Fidcom will also invest in promising startups within the cryptocurrency space.

In April of 2018 Fidcom plans to release a new payment service. This will allow people to pay for everyday purchases using cryptocurrency with a plastic card.

Evaluation

Fidcom have identified some very interesting areas for potential investment.

If they are able to execute on their vision then token holders could do very well.

As a large part of their investments will be into either very large cryptocurrencies or promising crypto startups, the overall success of Fidcom should closely match that of the cryptocurrency market as a whole.

Crypto bulls could therefore see Fidcom as an interesting particularly if they are looking for more actively managed approach.

FLIP Crypto-token Aims At Fast Growing Digital Gaming Goods Market

It’s difficult to overstate the size of the digital gaming products market. Estimates vary but most put the size of the digital goods market at over an incredible 100 billion dollars annually. And that market will only increase in size. According to accountancy firm Price Waterhouse Cooper the gaming industry is predicted to increase by 5% per year until 2020.

One crypto company looking to capitalise on fast growing trend is Gameflip. Established in 2014 Gameflip has grown to become one of the leaders in the gaming good industry. It’s looking to build on the success and introduced the premier crypto token for the digital gaming goods market – FLIP.

In order to fund the development and promotion of the FLIP token Gameflip is currently running ICO.

Gameflip Gaming ICO

Details of the Gameflip ICO

Token Pre-sale

The presale for FLIP will last from the 13th of October through to the 27th of October 2017. The minimum purchase for FLIP during the presale is one ethereum with a goal to raise 3000 Ethereum. There will be a hard cap for the presale of 7000 Ethereum. Bonuses during the presale or range from 30% up to 70% depending on the amount of FLIP tokens which are purchased.

Token Main Sale

The main token sale for FLIP will last from the 28th of November through to the 30th of December. During the main saie the minimum purchase is 0.1 ethereum. The goal of the main sale is to raise 3000 Ethereum. They will be bonuses during the main token cell depending on how early people buy into the token sale.

About The Gameflip Marketplace

Gameflip is already one of the most successful digital goods marketplaces online today. Gameflip has over 2 million users who each month collectively trade millions of dollars worth of digital games goods. The Gameflip website receives over 10 million visits each month.

This is one of the clear difference between Gameflip and many other of the of the other current ICOs. Gameflip already has an extremely successful product. It also has a team which has been shown to be able to acquire users of digital goods.

Transitioning these users over to a crypto token should be significantly easier than trying to acquire these users without an existing market place. This gives Gameflip a serious advantage over other competitors that maybe trying to enter the digital goods market.

Growing FLIP Into The Premier Token

Gameflip has identified a number of reasons why they believe they can grow FLIP into being the premier token for the gaming digital goods market.

Gamers face serious problems when trying to trade digital goods. One of the main problems is there is ensuring ownership of the digital goods and then trading them securely with other gamers.

The blockchain can solve these problems. Blockchain tokens like FLIP are built on ethereum which allows the creation of smart contracts. Using the ethereum blockchain ownership details of digital goods can be stored. This means that users have ownership of their digital goods independent of the specific gaming platform.

Smart contracts also allow gamers to trade digital goods safely. Because a smart contract can be set up so that the transfer of digital goods is only made when payment and token is made digital goods can be exchanged without worry about fraud.

Gameflip also has a strategy for ensuring that game developers and publishers are incentivised to promote FLIP tokens to their users. 40 million FLIP tokens will be retained to be distributed to game developers and publishers. These can be in be used as an ongoing revenue stream by game developers and publishers. This should enable FLIP tokens to be widely distributed amongst gamers.

Recommendation

Gameflip has to be one of the best ICOs for 2017. I’s got a team which is already proving it knows how to build a digital gaming good marketplace. It has a very compelling argument as to why the gaming market needs a solution like the FLIP token.

FLIP tokens will not only be a less expensive way of making payment for digital goods, they will also be significantly more secure thanks to smart contracts.

Finally Gameflip has a very well developed strategy about how to get game publishers and developers on board with the FLIP token.

Further reading

Gameflip Token Sale: https://tokensale.gameflip.com/#token-sale
Gameflip Whitepaper: https://tokensale.gameflip.com/static/Gameflip_whitepaper.pdf

How Aeron Plans To Make Flying Safer For Everyone

Each day more than two million people fly somewhere. And of course for most of those people the experience will be incredibly safe – if not always comfortable.

But there are far more aviation accidents each year than most people are aware of. In fact there are an estimated 3302 aviation accidents each year.

It’s a serious problem because when something goes wrong in the air lives are at risk.

Aeron is a blockchain startup which wants to make flying safer for everyone. They have a unique solution to helping solve the problem of increasing aviation safety.

By introducing the new Aeron crypto token they want to make it much easier to track the key components which might flying safe (or unsafe) and along the way build a thriving business.

Why Humans Are The No 1 Aviation Danger

When people think about the danger of flying they might think about parts failing or perhaps even the possibility of a terrorist hijacking.

What people rarely think about is the dangers that are caused by the person sitting in the cockpit.

In fact it is estimated that 57% of aviation accidents are caused by human error.

That’s a really big problem but it’s one that is actually relatively easy to solve when the correct technology is applied.

There are some key reasons why human error is common in many aviation accidents. Pilots unfortunately do have incentives to be deceptive about their flight history, as do flight schools.

Pilots can relatively easily claim to have experience which they may not have and they can forge the records to back these claims up.

Some flight schools in the past being complicit in allowing pilot to fake their experience. Lastly Aircraft operators in may under report the amount of flight hours that a plane has done in order to reduce requirements for expense of maintenance.

Of course all of this can be solved by having improved tracking and data retention which is difficult – if not impossible – to change.

That’s where the blockchain comes in.

The blockchain isn’t just for creating cryptocurrency. it also allows you to store data on it. Because the data is decentralized it is virtually impossible to change records. once information is recorded it is there permanently. it is also roughly easy for people to check the data which is on the blockchain.

How Aeron Works

Each pilot that uses the Aeron platform would have access to a pilot application. Using this application they can easily log flight data.

This data is then added to a decentralised transparent global aviation registry system.

Passengers are able to access the data using the Aerotrips.com portal.

The third part of the system is the company application. The corporate application will cross check data from flight schools, aircraft suppliers and maintenance organisation amongst others to verify its accuracy.

Details of the Aeron Token Sale

ICO Rated -= 4.2
1 ARN = 0.5 USD
100 million tokens issued
Ethereum ERC20

Further links:

Participate in the Aeron ICO: https://aeron.aero/
Read the whitepaper: https://aeron.aero/AeronWhitepaper.pdf

Soma ICO Wants To Transform The Way We Buy And Sell

Crypto startup Soma is creating the first decentralized socialized selling platform. Using a unique rewarding system users that contribute to the Soma platform will be rewarded with the native SCT tokens. These SCT tokens are being made available to the public in a token sale. read more to find out if investing in the Soma ICO is right for you.

What Problem Does Soma Solve?

Anyone has purchased something online realises that there are two major problems. Knowing whether the person that you are purchasing from is a reliable seller and that the product you’re buying is authentic and fits the description isn’t always easy.

Sellers also faced with the problem of how to reach the desired audience.They might have a great product to sell and are genuinely good people, but they just don’t have the social reach to get that product in front of the people there would love to buy it.

Using social selling Soma is seeking to solve both of these problems.

How Soma Wants To Revolutionise Online Selling

Soma is designed to be a decentralised platform which rewards people who contribute socially to the marketplace. Sellers can use SCT tokens to incentivise sharing and liking content.This allows users to leverage people who have large social followings in order to promote the products that they’re selling.

For sellers it is an opportunity to be be financially rewarded for their social activity.Currently on Facebook, Twitter and other social platforms actives social users aren’t rewarded for these activities. In fact it is quite the contrary. Social platforms in these case monetize their users social sharing activities.

Soma wants to change that by making sure that those people who contribute into the platform are the ones that are actually rewarded.

Soma Social People

What You Need To Know About The Soma ICO

  • Ratio: 1 ETH = 450SCT
  • Max cap: 120 000 ETH
  • Supply for Token sale: 54 000 000 SCT

Preserving Product Data On The Blockchain

Soma is not only creating a platform which improves the social experience of selling. It is also designing an environment with every product is tracked and recorded.

When an item is listed on the Soma platform it is given a Interactive Item Card. You can think of an Interactive Item Card as being the unique DNA for that particular product. Every interactive item card has all records of the key information about the product.

Using the interactive item card potential buyers can see how much the item has sold for in the past, how the quality of the product is rated and whether it is actually the genuine article.

Alternative Payment Methods On Soma

Off course when Soma is first introduced not everyone is going to want to use the SCT token. Adoption is going to take time and the Soma team have recognised this fact. Consequently they have made it possible to make and received payment in a variety of popular cryptocurrencies and Fiat currencies.

they believe though that as the Soma community grows and more people acquire SCT tokens users will switch over to the native token. Because they will be being rewarded in SCT tokens active users will have a supply of these tokens available for purchases. SCT tokens will also be considerably less expensive as a payment option leading to lower transaction costs.

Links

Website: https://soma.co/token-sale/

Whitepaper: https://soma.co/wp-content/uploads/2017/09/Whitepaper-2-compressed.pdf

Contributor: https://bitcointalk.org/index.php?action=profile;u=1138788

Papyrus ICO Review: Pros and Cons of the Papyrus Token Sale

Papyrus is a blockchain ad tech startup currently undergoing its token sale. Papyrus mission is to create an advertising ecosystem which is beneficial to all of the people that are involved.

The current advertising system gives users little or no control over their private information and provides no compensation for viewing ads. As a consequence ad blocker rates have been skyrocketing.

The system is no better for advertisers. They have been hit by a double whammy of increasing ad blockage usage and billions of dollars lost to ad fraud. For publishers rates of return on content are declining due to the challenges of ad blocker.

Papyrus Ad Tech

Papyrus in a nutshell

Papyrus is a decentralised autonomous organisation that is owned by the token holders and developed through the Papyrus organisation. Papyrus is developing a new ecosystem where all of the participants are incentivised to play fairly and rewarded for doing so. Papyrus will introduce a sophisticated reputation management system that evaluate all of the participants involved in the advertising ecosystem.

Papyrus token sale overview

Token symbol: PRP
Exchange rate: 1 PRP = $1USD
End date for token sale = 2 Nov 2017
Blockchain = Ethereum
Hard cap = $5 million

Pros of Papyrus

Users are incentivised – One of the biggest problems with the existing advertising system is that users aren’t incentivised for viewing ads or sharing data. It is no wonder then that adblock usage is rising so fast. There is no reason for users not to employ ad blocker or to try to try protect which data they share with advertisers. Trying to incentivise users to watch ads would be very difficult outside of using blockchain technology which enables fast micropayments. This means that Papyrus will have a clear advantage over more centralised solutions for preventing adblock usage.

Advertisers receive improved returns – Advertisers currently lose 50% of their ad spend. This means that money is spent on advertising is completely wasted. Consequently they have a clear reason to try a platform which offers for lower rates of wasted ad spend.

Papyrus is flexible for publishers – Publishers may be reluctant to commit completely to a new advertising ecosystem like Papyrus. The Papyrus team appear to understand this and have developed a system which can work side by side with centralised advertising networks. This means that publishes can test Papyrus without having to forgo the revenue they are currently receiving from traditional advertising. If Papyrus does in fact lead to higher returns on the content in it would be natural for them to switch from Papyrus over traditional advertising networks.

Cons of Papyrus

Competition – There is no shortage of competition in the ad tech space. Papyrus is by no means the only company that is focused on the issue of ad blocking and ad fraud. If another company is able to present a more compelling solution to these problems then it could quickly capture market share from Papyrus.

Wariness over tokens – The participants in the advertising ecosystem may be weary of accepting payments and incentives through the Papyrus. The general public is not yet that well educated about the value of cryptocurrencies. In order for the system to function correctly users do need to have buy in to the Papyrus token.

Overall recommendation

While Papyrus may seems similar to other advertising products currently being developed on blockchain technology, Papyrus is actually quite unique. Papyrus is actually an open-source ecosystem that other projects can be integrated with. This means that in order for it to be successful it doesn’t meant that other blockchain ad tech companies need to fail. In fact Papyrus could easily grow alongside these other companies. This makes it one of them more compelling plays currently available in the blockchain Ad tech space.

fLinks

Papyrus official website: https://papyrus.global/

Papyrus whitepaper: https://papyrus.global/media/files/whitepaper_en.pdf

 

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Why The Global Jobcoin ICO Is A Clear Winner

Sometimes there are ICO’s that are just clear winners.

Here I’m going to explain why global job coin is one of those rare ICOs.

What is Global Jobcoin?

Before look at why Global Jobcoin is such a strong ICO, first a brief explanation of what exactly this ICO is.

Global job coin (GJC) is a token built on the Ethereum blockchain designed to meet the needs of the jobs market.

Global Jobcoin is the brainchild of the founders of the Jobs Today websites. Jobs Today is an extremely popular jobs website based in countries like Switzerland and Austria. GJC will be firstly employed as a payment method on this popular jobs website.

Why is Global Jobcoin such a strong ICO?

Understanding why Global Jobcoin is such a strong ICO let’s look at all of the factors that are in its favour.

Firstly when assessing any ICO it’s a good idea to look at whether it has a proven and profitable product. It may be surprising but most ICOs don’t even have a working product, let alone one that is making money.

This is not the case with Global Jobcoin. Jobs Today already has more than 1 million plus users and 5000 clients. The company is making money and growing at a rate of 500% per year.

So we can tick the box on proven product.

Now let’s look at the team. While some ICO teams may be strong technically one of the key ingredients of the success of a token is whether they can get that token to be widely accepted.

Jobs Today was started in 2014 and since then the Jobs Today team have grown the website from zero up to what it is today with more than a million users.

With its strong track record there’s a very good chance that they’re going to be able to grow Global Jobcoin as well.

Next if the token is going to be adopted it needs to have an initial core group of users with a compelling reason to use the token. This is another factor that is in Global Jobcoin’s favour.

Global Jobcoin can be immediately distributed through the Jobs Today website. because of the much lower transaction costs of using a blockchain token there will be clear reasons for both employees and employers to switch to the GJC token.

Another factor that’s good to look at when evaluating an ICO is how many tokens are going to be available. Too many tokens can dilute the value of smallholders.

In the case of GJC there is only ever going to be 100 million tokens available. And only 70 million days will be in circulation.

What’s more the GJC team are retaining 10% only of their tokens so there one be a small group of founders able to manipulate the price easily.

Lastly 20% of profits earned by Global Jobcoin during are going to be distributed each quarter to the holders of the tokens. this should help to support the long-term value of GJC.

Global Jobcoin Team

Conclusion

Global Jobcoin has some pretty clear advantages over the other ICOs currently open towards the end of 2017.

If you’re looking for an ICO which ticks all of the boxes make sure you take a closer look at the Global Jobcoin token sale.

ICO Key Facts

Total Token Supply: 100,000,000 (100 Million)
ICO Presale: 10,000,000 (10 Million)
Hardcap: 200,000 ETH
Total ICO Crowd Sale: 70,000,000 (70 Million)
ICO Crowd Sale: 60,000,000 (60 Million)
ICO Crowd Start date: 28.10.2017 – 15:00 UTC
ICO Crowd End date: 06.12.2017 – 15:00 UTC

Links

Website: https://www.globaljobcoin.com/
Whitepaper: https://www.globaljobcoin.com/media/files/documents/GJC_Whitepaper.pdf

How SelfPay Plans To Make Accepting Cryptocurrency Seamless For Sellers

In the last year the price of Bitcoin has risen dramatically hitting over $6,500 per coin just in the last month.

Other cryptocurrencies like Ethereum have also risen equally as sharply.

As a consequence there are now plenty of people with some pretty fat crypto wallets.

There are plenty of people with crypto to spend. The challenging part is finding someone who will actually accept crypto payments.

Merchants have been reluctant to accept crypto payments. There are a number of reasons for this.

First accepting Crypto can just seem to complicated. Merchants are after all trying to run a business, not necessarily cater to a very specific portion of their customer – albeit an affluent one.

Secondly, there is the problem of speed of transactions. Bitcoin can be slow, which doesn’t make it an ideal medium of exchange.

Lastly, there is the issue of the fluctuating exchange rates. Overall Bitcoin and other cryptos have headed up. But along the way it has certainly been volatile. Thats the kind of volatility that most merchants don’t want to have to deal with.

Naturally they would like to receive their payments in their local fiat currency.

For the crypto industry this is actually a pretty big problem. Bitcoin doesn’t necessarily have to become a medium of exchange but at least one cryptocurrency should be able to be used for day to day purchases if the sector is ever going to realise it’s full potential.

Lot’s of cryptocurrency startups are trying to tackle this problem but one seems to have a very good workable solution.

SelfPay is a decentralised, cryptocurrency payment aggregator.

It takes the pain out of accepting cryptocurrencies for merchants because all of the exchange takes place on a web app used by the buyer.

The merchant can receive final payment for their goods and services in fiat currency – or cryptocurrency if they prefer.

For buyers, they don’t have to download anything or add a new app to their phone. It’s as simple as scanning a QR code or clicking on an SMS message.

Even better for merchants they receive 20% of the transaction fees as a reward.

Token holders do just as well out of the system thanks to the Buy Back program.

40% of the transaction fees are sent to a Buy Back program. This executes a smart contract which buys back SxP tokens in the market at a set price.

Token holders can be confident that there will always be liquidity in the market and a base price available for selling their SxP tokens.

Overall, it’s a big win win for every participant – customers, merchants and token holders.

SelfPay Mobile Phone

Overview of the SxP Token Sale

Token symbol: SxP
Token sale length: 30 days
Goal of token sale: 250 ETH
Tokens available: 7,404,000
Link to website: https://ico.selfpay.asia/

Going Forward

SelfPay have established a clear road map of where they want take the network. Following the token sale they are set to have their official product release in Q4 2017. The funds raised during the ICO will enable the SxP buyback and cash back programs to be integrated into the app. The SxP will also be added to major crypto exchanges. Sales teams will be established in order to market the product in Southeast Asia.

By Q1 2018 it’s all about expansion. Customers will be able to pay using their banks accounts and credit cards. SelfPay will also develop a new marketplace where every merchant in the network can sell their products. This will give merchants another e-commerce channel and enhance the benefits they receive from using SelfPay. In line with this SelfPay will also integrate with any e-Commerce platforms that they haven’t already done so with.

In Q2 2018 the blockchain will be fully integrated into the system. Sellers will be able to receive rewards in any of the major cryptocurrencies. The added bonus of this for SxP is that the fees will be taken in the tokens that the sale is transacted in. This will in turn be sent to the distribution contract helping to support the value of SxP tokens.

By Q3 2018 the SelfPay exchange should be fully setup and sellers can be paid in any cryptocurrency. This will make accepting cryptocurrency completely seamless from the merchants perspective. In addition SelfPay will look at integrating with other blockchain projects in the eCommerce space.

Read more:

SelfPay ICO Website: https://ico.selfpay.asia/
SelfPay ICO Whitepaper: https://ico.selfpay.asia/pdf/whitepaper-selfpay.pdf

How MicroMoney Can Provide Loans In 15 Seconds For Billions Of People With Zero Credit History

Imagine for a moment that you had never used a bank account.

That all of your expenses – bit and small – had to be paid only with cash.

When emergency strikes or you need to make a large purchase like buying a car, house or business, you would need to save up all of the money.

After all no bank account means that you have absolutely no credit history.

To many people in developed countries it may sound like a highly unlikely scenario.

But in fact it’s exactly how 2.5 billion people live today.

Being “Unbanked” is incredibly common. In Africa it is estimated that up to 80% of people have never have had a bank account.

Not only is this problem of people being unbanked extremely trying for those it effects, it is also detrimental to the overall economy.

Having to save capital to make large purchases is highly inefficient. Imagine a local neighbourhood where people need basic businesses like a grocery, hardware store, auto mechanic or a clinic.

People in that community are unable to setup those businesses because they don’t have the capital to get started.

The problem is typically not one of sheer poverty. Most of those effected are either blue or white collar workers. They have employment earning between $200 – $500 per year.

The issue is a lack of credit history.

MicroMoney is a new blockchain startup which has a solution to these problems.

The technology is already being used every single day with over 95,000 people already registered on the platform.

Applying for credit is super simple. Using a smartphone app applicants can apply for a loan in a few simple steps. The process only takes about fifteen seconds to be approved.

Most importantly applicants don’t need to have any credit history.

MicroMoney instead uses an extremely rich source of data – the applicants smartphone.

Even in countries where people don’t have bank accounts, most have smartphones.

Leveraging this fact MicroMoney uses ten thousand different parameters and then an AI Neural Network to quickly evaluate the credit worthiness of the applicant.

MicroMoney from micromoney on Vimeo.

MicroMoney ICO

Token symbol: AMM
Total token supply: 60,000,000
Planned raise: $15,000,000
Hardcap for ICO: $30,000,000
Token type: ERC20
Initial price: 1AMM = 1USD
Token sale link: https://www.micromoney.io/

How The AMM Token Works With MicroMoney

The AMM Token is an essential part of the MicroMoney network. Firstly, people who want to borrow money can place their AMM tokens as collateral. This will help to reduce the interest rates that they need to pay. If they default on the loan then the AMM tokens are returned to the network. This helps to reduce the risk of defaults on loans.

People who repay their loans on time will be rewarded with AMM tokens. What’s more people in the network can choose to vouch for other borrowers. If that person they vouched for repays the loan, then both the voucher and the borrower are rewarded with AMM tokens.

This creates a positive cycle because people who repay their loans on time will earn more AMM tokens. In turn they will be able to use these AMM tokens as collateral and reduce the interest rate they pay. Over time good borrowers are rewarded for paying on time.

Going Forward

MicroMoney has set themselves some pretty big goals for the platform.

By 2020 they want to have raised the entire capitalisation of the company to $1 billion.

That is certainly ambitious. But, when you consider the number of people who are currently unbanked it doesn’t see unreasonable.

Crypto investor who want to do good and do well at the same time may want to join them for the journey.

Website: https://www.micromoney.io/
Whitepaper: https://www.micromoney.io/MicroMoney_whitepaper_ENG.pdf