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AltCoinNEWS

Aventus Coin: BlockChain Based Event Ticketing Protocol

by cryptocreed
written by cryptocreed

The team from Imperial College’s cryptocurrency Research and Engineering Centre launched the Aventus Coin a blockchain-based protocol, with the aim of providing a secure and transparent event ticketing industry, which eliminate imitative tickets and unacceptable touting.

Aventus will put the event ticketing industry in a decentralized manner.

The Aventus protocol allows organizers to create, manage, and promote their events and sell tickets for other events. Aventus allows its users to set prices and receive commissions on ticket resale.

Buy Aventus Coin here are at HitBTC.

Aventus also giving rewards to those who promote events and help them to identify fraudulent activity.

This is a new way to earn revenue for event organizers. Aventus solved problems like fraudulent activity, consumer confusion, and inequitable revenue distribution. aventus coin price

AVT is an Aventus Coin. AVT is the fuel of the Aventus ecosystem, AVT needed to facilitate a decentralized and autonomous protocol for the event ticketing industry. AVT has four primary use are Event hosting, organizers must purchase AVT to pay the event creation price.

Ticket Sales, which needs the purchased tickets of the Aventus Protocol. Community stake: events can be reported as being suspected of being fictitious or fraudulent through a mechanism that involves putting up a deposit of AVT. aventus coin.

The last one is Matching, the tickets sold on the Aventus Protocol in the secondary market must be matched with buyers who have previously registered a firm intent in their purchase at their listed prices. This will be an on-chain calculation that Aventus Coin Protocol users can run and receive rewards for doing so.

The Aventus pre-sale starts on 19 Jun and the public sale starts on 17th July. aventus coin price.

TEAM

  • Alan Vey director, Full Stack Engineer
  • Annika Monari director, Full Stack Engineer
  • Kavon Soltani, Head of Sales
  • Mario Vassiliades, UI/UX Design
  • Arnaud Gaboury, Head of Communications
  • Benedict Lewis, Full Stack Engineer

Contact Link

Website: https://aventus.io/

Announcement: Click on me

Whitepaper: Click on me

Twitter: https://twitter.com/AventusSystems/

Slack: https://slack.aventus.io/

Reddit: https://www.reddit.com/r/Aventus/

 

 

 

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AltCoinInvestmentNEWS

Orocrypt[OROC] Review by Cryptocreed [Updated 2020]

by cryptocreed
written by cryptocreed

Panamanian based company Orocrypt launched Initial Coin Offering (ICO). The Orocrypt share token sale will start on 14th June 2017 and run for the next 30 days or until all tokens are sold. During the ICO Orocrypt offer for sale 500,000 OROC tokens and it represents 45% of the company’s total equity. The price per OROC is 9 EURO.

OROC is developed on Ethereum blockchain which is fully compatible with any Ethereum wallet, so anyone can be part of the party. These gold-tokens will be backed up, securely stored, and audited. This token presents to share in the company, Orocrypt’s is linked to the price of precious metals on the Ethereum blockchain. Each token represents proof of ownership of precious metals.

If the minimum capital is raised before the ICO, Orocrypt will launch its first product in the form of the Gold Token. This token will represent the ownership of 30 grams of LBMA-quality gold. This will be stored in four vaults around the world. Maybe in the near future, the company will expand to Silver, Platinum, and bespoke tokens.

Transparency:

All facts of issuance of tokens will be open and auditable., including holdings, client funds, releasing digital tokens and procuring, and storing gold.

Security:

To reduce the risks of adverse legislation in any one jurisdiction. The company’s bullion will be stored in four specific reputable vaults.

The company has identified these specific locations, including the Cayman Islands (held by Byzantium), Zurich (Swiss Gold Safe AG), Liechtenstein (OZL AG), and Hong Kong (Swiss Gold Safe AG). These stores will audit monthly.

Team:

Orocrypt has an experienced and reputable team that includes former bankers, stockbrokers, accountants, and business professionals with extensive and senior financial management experience.

Regulatory Approval:

Orocrypt complies with all Panamanian regulations concerning precious metals merchants.

How Orocrypt gets benefited:

Everyone starts a business for profit and provides better service, hence orocrypt’s profits come from the fees over the gold spot price on all sales which is 1%. There is also a 0.04% transfer fee when tokens will get transferred between wallets.

Share Token Sales

Share token sales is already launched on 14th June 2017. 1OROC is equaled to 9EURO. There are a total of 11,120,00 shares which were divided into 2 classes. Total numbers of class A shares of 845118 (45%) of equity will be offered for the sale. And 354118 allocated to treasury, rewards, payments for services, and employee participation (31%) of equity.

In class B, the total number of shares which equals 24% of the equity will belong to founders.

​EUR 4.5 million will provide two years of operating capital. Funds not needed for short-term expenses will be invested in gold, silver, bitcoin, and ether.

The two largest investors in the company who buy over 56000 tokens each will have the right to seat on the Board of Directors (BOD). Also for early investors who make purchase tokens during the first week of the ICO will receive a discount of 5% and in the second week will receive a discount of 2% of the tokens price.

Team:

Alejandra de Gaustad, Founder, and CEO

José Antonio de la Cerda, Secretary

Darlene Hart, CFO

Margaret Bentham, Director

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NEWS

Palestine May Launch its Own Cryptocurrency Within 5 Year

by cryptocreed
written by cryptocreed

Recently the head of the Palestine Monetary Authority, the emerging central bank of Palestine, Governor Azzam Shawwa has revealed plans towards launching Palestine’s own digital currency to Reuters.

Palestine has no currency their own in fact Palestinians are using the euro, U.S. dollar, Israeli shekel, and Jordanian dinar for their daily use.

Governor Azzam Shawwa said with this step is designed to safeguard against interference from Israel, as Palestine Monetary Authority has no control over the money supply to use in Palestine.  Azzam Shawwa said

That is something we would like to see. It will be called the Palestinian pound.

Also, there was the biggest reason to launch its own cryptocurrency  is that Palestine has no money printing facilities as Shawwal added

If we print currency, to get it into the country you would always need clearance from the Israelis and that could be an obstacle. So that is why we don’t want to go into it.

Shawwa spoke to Reuters on the sidelines of the annual meeting in Cyprus of the European Bank for Reconstruction and Development. The EBRD said during the meeting it would start investing in the West Bank and Gaza via donations.

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NEWS

Bitcoin Can’t Kill The Indian Rupee, Says RBI Dy Guv

by cryptocreed
written by cryptocreed

As increasing bitcoiners from all over the world and in India. And Indian Bitcoin community achieved a response from the country’s central bank(RBI). The Reserve Bank of India was started exploring cryptocurrency technology has responded like any other bank when it comes to bitcoin usage.

The R Gandhi deputy governor of the RBI says

The emergence of bitcoins has led to some quarter predicting the end of the currency system itself.In my mind,it may remaion a pipe dream that blockchain will eliminate currency.

He was speaking at the technology summit organized by the Indian Banks Association(ABI). And he also mentioned, the two characteristics of currency that are necessary for widespread adoption, and Currency should make confident the users. Cryptocurrency shouldn’t be anonymous forever.

Also Read: Ethereum Mining Comparison: Ethermine vs 2Miners

Also Read: Know Everything About Fake Bitcoin Wallet Balance

R Gandhi also mentioned that most of the countries are currently in the process of printing more currency, with Nordic economics as an exception. In his view, the virtual currencies can’t mass used as it is not backed by any underlying assets and the financial, legal, security, and protection of consumers.

Unless R Gandhi’s statement misses some main points. The confidence in money, especially the Indian Rupee hasn’t stayed the same since last year’s demonetization move. And after all cash transactions are more anonymous than bitcoin transactions as blockchain maintains a record of every transaction happening over the network. Also, Bitcoin transactions can track easily by the user but in case it is hard to track.

Bitcoin adoption has few holes in it. Even though he is right about challenges currently being faced by the digital currency when it comes to widespread adoption, it doesn’t make fiat a perfect currency.
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NEWS

Ethereum Wins 100K$ in Dubai Blochchain Hackathon

by cryptocreed
written by cryptocreed

Project Oaken was awarded the top prize during a presentation at the world government summit, a Dubai government-sponsored event focused on smart governance held this week in Dubai.

Unveiled in late November the blockchain virtual GovHack was aimed at promoting blockchain-based solutions for advancing smart city applications. The initiative was organized by AngelHack, with support on the technology side from ethereum startup ConsenSys.

Project Oaken was one of three finalists presented during the event’s ceremony. According to the event’s organizers, there are 131 projects are submitted, encompassing more than 1,000 total participants. In the end, 9 are shortlisted. Two other teams -Team Land Registry and Health Blocks- also made the final round.

Also Read: Ethereum Mining Pool Comparison: NanoPool VS EtherMine

Also Read: How To Do Ethereum Mining? Ethereum Mining Guide

 

In its official pitch of the competition, Project Oaken moduled the use of smart contracts to automatically pay for tools, a Tesla as a test vehicle.

As the startup explains:

The tesla tells the toll gate that it wants to pay the toll,causing the booth to trigger a smart contract transaction.The toll booth takes the raw Tesla data and comminicates it the blockchain in the form of an IDFS hash.

While the hackathon is concluded, that doesn’t mean that Dubai is finished with blockchain.

Last week, gov agencies within Dubai announced an expansive trade finance-focused blockchain trial, being conducted in partnership with IBM. Also involved are Banco Santander and NBD Emirates, two banks have that also worked with the tech in the past

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NEWS

Africa’s Central Bank Warn About Onecoin

by cryptocreed
written by cryptocreed

The Bank of Uganda published an advisory earlier today which called for consumers to be mindful of the risks of investing in digital currencies.

Specifically, the notice highlights the creation of a company named “One Coin Digital Money” that has set up a shop in Kampala.

According to the Central Bank of Uganda, “Any person who deals with Onecoin company does so at his or her own risk”.

Related: 5 Free Litecoin Cloud Mining Platform

The notice goes on to explain; “the company is still in his formative stages but it is aggressively encouraging members to buy digital money and promising very high returns and rewards on ~First come first served basis

Onecoin is a Multi-Level Marketing (MLM) system, through which prospective investors buy packages of “tokens” that can be redeemed on a platform said to act as a hub for mining, or the process by which new transactions are added to a blockchain. As the hallmark of the pyramid scheme concept, Onecoin also teases major financial gains for those who can recruit others to invest- a characteristic that has sparked criticism and accusations of being a scam.

The warning represents the latest scrutiny directed towards Onecoin, which has drawn the ire of regulators across Europe, also sparking an investigation by the London Police. Nigeria’s Central bank issued a similar warning last month, today missive indicates that financial overseers in Africa are looking at Onecoin more closely.

In addition to Onecoin, the document names Bitcoin, XRP, Peercoin, namecoin, dogecoin, litecoin, bytecoin, primecoin, and blockchain as other examples.

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NEWS

Russian Bank to Replace 3,000 Employees With Robot Lawyer

by cryptocreed
written by cryptocreed

Robots(computers) are time-saving and quick results showing than humans. Computers are quickly elevating in many professions. Lawyer robots are creating a future in which the legal system becomes less costly and more efficient. Many companies are turning towards machines to perform routine tasks.

Russia’s biggest bank-Sberbank has recently announced a launch of a robot lawyer who will be assigned a task to process letters of complaints. This step will result in the axing of an estimated 3000 numbers of specialists who are working in the bank structure.

A Robot lawyer was launched in Q4 of 2016, with full robotization to be completed in the first months of 2017. According to Vadim Kulik, deputy chairman of the executive Board at Sberbank, said: “It means that approximately 3000 specialists who have been processing letters of complaints will be freed from this particular task. We have quite ambitious plans. We are planning to launch robot lawyers in a range of fields.”

He explained that this step will relieve the bank’s specialists from routine tasks. Looking into the future, he said that eventually the processing of all routine legal documentation will be automatized, allowing lawyers to deal only with serious legal procedures.

All current working specialists that have performed the routine legal jobs will be offered to take special training courses. Kulik also said that; it is important to re-evaluate “how we can apply their skills and where.”

The replacement will not happen immediately, but the process will be stretched over time.

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