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178 days agocryptonomist
GCEX Receives Operational VASP Licence from Dubai’s Virtual Assets Regulatory Authority
GCEX, which opened its Dubai office in July 2022 and received its MVP (Minimal Viable Product) Preparatory License from VARA in February 2023
179 days agocryptopotato
GCEX Receives Operational VASP Licence from Dubai’s Virtual Assets Regulatory Authority
[PRESS RELEASE – Singapore, Singapore, November 22nd, 2023] GC Exchange FZE (GCEX), part of the GCEX Group, has been granted an Operational VASP Licence for VA Broker Dealer services from Dubai’s Virtual Asset Regulatory Authority (VARA). GCEX, which opened its Dubai office in July 2022 and received its MVP (Minimal Viable Product) Preparatory License from […]
199 days agocoindesk
Privacy Technology Firm Nym Plans Early 2024 Rollout of 'Decentralized VPN'
The privacy-focused infrastructure project says that the new NymVPN will disperse traffic across a network of nodes rather than running data through single servers as centralized VPNs do.
200 days agocointelegraph
Project mBridge reveals details of its workings ahead of MVP, commercial debut
Project mBridge has put together a slick publication with lots of new information to let the world know what the hottest project in CBDC is.
270 days agocryptodaily
Nomura, CoinShares, Ledger-Backed Komainu Receives VARA License
Crypto custody joint venture Komainu announced it received a full operating license from Dubai’s Virtual Asset Regulatory Authority (VARA). Komainu, the joint venture (JV) between Nomura, Ledger, and CoinShares, has been awarded a full operating license from Dubai’s Virtual Asset Regulatory Authority (VARA). The operating license allows Komainu to offer its full range of custody services. Komainu To Offer Full Range of Custody Services In a press release, the digital asset custody service provider announced that it had been granted the operational license after securing its MVP license in November 2022. Komainu said that achieving “this final step in VARA’s licensing process allows Komainu to offer its full suite of custody services,” which includes institutional staking and collateral management through its Komainu Connect platform to clients in Dubai. Komainu’s Head of Strategy, Sebastian Widmann, said in the press release: “We see tremendous opportunities to scale our business here amid a significant boom in assets driven by fund formation and exchange launches.” Adding, “Dubai has a vibrant digital asset ecosystem and impressive talent pool, and we are proud to contribute to the growth of this innovative financial hub. Our presence and desirable regulatory status in the region marks another differentiator for us as we execute the next phase of our business.” The regulated digital asset custodian was built by “institutions for institutions” and came into existence as a JV between digital asset manager CoinShares, digital security company Ledger, and Nomura. The custodian, established in 2018, offers regulatory complaint multi-asset support. Komainu launched in June 2020 and provides custody services to exchanges, financial institutions, asset managers, government agencies, and corporations. Nomura Holdings announced recently that its subsidiary, Laser Digital Middle East FZE, received a full crypto license in Dubai. Laser Digital’s license allows the firm to offer Virtual Asset Broker-Dealer Services and Virtual Asset Management and Investment Services. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
270 days agocryptodaily
Nomura, CoinShares, Ledger-Backed Komainu Receives VARA License
Crypto custody joint venture Komainu announced it received a full operating license from Dubai’s Virtual Asset Regulatory Authority (VARA). Komainu, the joint venture (JV) between Nomura, Ledger, and CoinShares, has been awarded a full operating license from Dubai’s Virtual Asset Regulatory Authority (VARA). The operating license allows Komainu to offer its full range of custody services. Komainu To Offer Full Range of Custody Services In a press release, the digital asset custody service provider announced that it had been granted the operational license after securing its MVP license in November 2022. Komainu said that achieving “this final step in VARA’s licensing process allows Komainu to offer its full suite of custody services,” which includes institutional staking and collateral management through its Komainu Connect platform to clients in Dubai. Komainu’s Head of Strategy, Sebastian Widmann, said in the press release: “We see tremendous opportunities to scale our business here amid a significant boom in assets driven by fund formation and exchange launches.” Adding, “Dubai has a vibrant digital asset ecosystem and impressive talent pool, and we are proud to contribute to the growth of this innovative financial hub. Our presence and desirable regulatory status in the region marks another differentiator for us as we execute the next phase of our business.” The regulated digital asset custodian was built by “institutions for institutions” and came into existence as a JV between digital asset manager CoinShares, digital security company Ledger, and Nomura. The custodian, established in 2018, offers regulatory complaint multi-asset support. Komainu launched in June 2020 and provides custody services to exchanges, financial institutions, asset managers, government agencies, and corporations. Nomura Holdings announced recently that its subsidiary, Laser Digital Middle East FZE, received a full crypto license in Dubai. Laser Digital’s license allows the firm to offer Virtual Asset Broker-Dealer Services and Virtual Asset Management and Investment Services. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
271 day agocointelegraph
Nomura, CoinShares, Ledger joint venture Komainu wins Dubai crypto license
Komainu attained the final step in VARA’s licensing process nearly 10 months after securing its MVP license in November 2022.
281 day agocryptodaily
Developers’ Commitment Shines As Uwerx Maintains Launch Momentum By Tackling Hack Challenge
Beyond its ground-breaking features, Uwerx's developers' agile methodology approach has significantly contributed to the project's success. They have been so committed to promoting Uwerx’s vision and purpose that investors and users could completely trust them and buy into the project. This was part of why the Uwerx launch was overwhelmingly successful, surpassing expectations and initial forecasts. The developers are back to work and ready to take Uwerx to the next level. However, they witnessed a setback as Uwerx was attacked. The team has yet again shown commitment by quickly and efficiently developing recovery strategies and plans. This article will detail the launch, updates, the hack, and Uwerx’s road to recovery. Uwerx’s Successful Launch: Developers Set To Renounce Smart Contract Ownership After so much anticipation, Uwerx finally launched on August 1, 2023. The launch was successful, as everyone wanted to become a WERX holder. Also, investors and users made tons of profits with all the bonuses that were up. The developers released updates on what to expect next from Uwerx as soon as the launch ended. Uwerx has finally deployed liquidity on Uniswap. The Uwerx Vault, which received positive feedback from 84% of the community, will soon be available as the smart contracts await a thorough audit. To show their commitment to Uwerx’s community, the developers immediately began the 25-year liquidity locking they promised to do once Uwerx launched. They are also ready to denounce smart contract ownership when Uwerx goes live on centralized exchanges. The team has submitted their applications to CoinMarketCap and CoinGecko to facilitate this. The team is working to ensure the Uwerx platform is completed immediately. They are working on the core functionality design, focusing on Freelancer, Client, and Agency Dashboards, Project Management, and Additional Settings Pages. Once this is finished, a Minimum Viable Product (MVP) with functions will be released to the community for testing. Based on the feedback obtained, they will proceed with the premium design. There will be a buyback campaign that will scale accordingly to provide support for Uwerx. It will happen weekly, although the dates and times will not be released to avoid anyone taking unfair advantage of the system. Uwerx Gets Exploited On August 2, Uwerx reported it got hacked, with the hacker stealing around $327,000. The attacker flash-loaned 20,000 ETH, which he swapped for 5,053,637 WERX. He then sent 4,429,817 WERX to the Uniswap pool. This amount was ten times the prior balance. Afterward, he used the skim() function of Uniswap with the address 0x00...1 as the “to” address. He also used the transfer function of the Uwerx contract, which first modifies a sender’s balance. Since the “to” address was a UniswapPoolAddress (0x00...1), an extra 1% of the initial amount was burned. As a result, there was an imbalance that the attacker took advantage of to gain 176 ETH ($327,000). Uwerx Maintains Momentum As It Sets To Relaunch Despite the hack, Uwerx continues to shine as it devises ways to tackle the hack and maintain its momentum. Once they noticed the hack, they immediately alerted SolidProof and InterFiNetwork, their auditors. Also, the team contacted PeckShieldAlert and SlowMist_Team directly on Twitter. The team began by putting out a white-hat bounty, stating the attacker should return 80% of the exploited funds and keep 20%. A new WERX will be relaunched, and its platform will have more robust security measures. As to the relaunch, there will be a new contract address, which will be released to the community soon. However, the contract address will be audited twice by reputable companies and once by an independent contractor. Due to a change in the contract address, the Uwerx Vault smart contracts are being altered, after which they will be audited before being released to the public. The new WERX will be deployed on the Polygon network instead of Uniswap, on which it is currently deployed. This will enable token holders to easily use WERX on the Uwerxplatform without having to bridge, and it will also lower gas fees. However, those who bought WERX on Uniswap will not be abandoned. The team has decided to airdrop the tokens at the end of the vesting period to ensure they still benefit. They also assure those who bought WERX during the presale that they are safe and will be unaffected by the relaunch. The new WERX will be deployed with more liquidity. To do this, the funds reserved for the buyback campaign will be directed to liquidity. Also, the team is proposing a no-burn tax and a sliding sell tax, of which 100% will be directed to liquidity. A poll is already up on Uwerx’s Twitter page and Telegram channel, asking the community if they support a sliding sell tax wholly directed to liquidity. Another poll also asks the community how long the vesting period should be. These polls will end on August 13, after which the development of the new WERX will commence on August 14. The team also welcomes feedback or opinions, which can be sent to [email protected]. Also, there will be press releases this week and another major announcement on August 21 to update the community on the new WERX development and plans for the relaunch. The Uwerx platform development is ongoing, and the team has completed certain sections like Settings, Security, Help Center, Login, Privacy Policy, Create Account, and Finished Payments. The WERX allocations will also be changed, and the new allocation is: ● Presale: 57% (427,500,000) ● User Performance Incentives: 6% (45,000,000) ● Liquidity Reserve: 14% (105,500,000) ● Marketing: 9% (67,500,000) ● Team Tokens: 6% (45,000,000) ● Partnership Incentives: 2% (15,000,000) ● Joining Incentives: 6% ( 45,000,000) At the end of the presale, 25,499,071 WERX will be burned. The airdrop and vesting schedules were shifted, and the new schedules have been released. Uwerx’s whitepaper will also be modified to reflect the ongoing changes. Uwerx is on to big things, and once the polls are concluded on August 13, the team will announce the specific details of the new WERX, as they are committed to launching it as soon as possible. Uwerx’s dedication throughout this period has been incredible. Their efforts in tackling this challenge have removed all forms of doubt and fear the community initially had. No wonder its community has continued to gather momentum, growing to over 2,500 Telegram members and 2,000 Twitter followers. Uwerx remains focused on its vision, which is to be a change in freelancing, and no matter what, it is resolved to achieve this purpose. So why not throw in your support? Be a part of this value-driven community by following the links below: Website: https://www.uwerx.network Telegram: https://t.me/uwerx_network Twitter: https://twitter.com/uwerx_network Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
281 day agocryptodaily
Developers’ Commitment Shines As Uwerx Maintains Launch Momentum By Tackling Hack Challenge
Beyond its ground-breaking features, Uwerx's developers' agile methodology approach has significantly contributed to the project's success. They have been so committed to promoting Uwerx’s vision and purpose that investors and users could completely trust them and buy into the project. This was part of why the Uwerx launch was overwhelmingly successful, surpassing expectations and initial forecasts. The developers are back to work and ready to take Uwerx to the next level. However, they witnessed a setback as Uwerx was attacked. The team has yet again shown commitment by quickly and efficiently developing recovery strategies and plans. This article will detail the launch, updates, the hack, and Uwerx’s road to recovery. Uwerx’s Successful Launch: Developers Set To Renounce Smart Contract Ownership After so much anticipation, Uwerx finally launched on August 1, 2023. The launch was successful, as everyone wanted to become a WERX holder. Also, investors and users made tons of profits with all the bonuses that were up. The developers released updates on what to expect next from Uwerx as soon as the launch ended. Uwerx has finally deployed liquidity on Uniswap. The Uwerx Vault, which received positive feedback from 84% of the community, will soon be available as the smart contracts await a thorough audit. To show their commitment to Uwerx’s community, the developers immediately began the 25-year liquidity locking they promised to do once Uwerx launched. They are also ready to denounce smart contract ownership when Uwerx goes live on centralized exchanges. The team has submitted their applications to CoinMarketCap and CoinGecko to facilitate this. The team is working to ensure the Uwerx platform is completed immediately. They are working on the core functionality design, focusing on Freelancer, Client, and Agency Dashboards, Project Management, and Additional Settings Pages. Once this is finished, a Minimum Viable Product (MVP) with functions will be released to the community for testing. Based on the feedback obtained, they will proceed with the premium design. There will be a buyback campaign that will scale accordingly to provide support for Uwerx. It will happen weekly, although the dates and times will not be released to avoid anyone taking unfair advantage of the system. Uwerx Gets Exploited On August 2, Uwerx reported it got hacked, with the hacker stealing around $327,000. The attacker flash-loaned 20,000 ETH, which he swapped for 5,053,637 WERX. He then sent 4,429,817 WERX to the Uniswap pool. This amount was ten times the prior balance. Afterward, he used the skim() function of Uniswap with the address 0x00...1 as the “to” address. He also used the transfer function of the Uwerx contract, which first modifies a sender’s balance. Since the “to” address was a UniswapPoolAddress (0x00...1), an extra 1% of the initial amount was burned. As a result, there was an imbalance that the attacker took advantage of to gain 176 ETH ($327,000). Uwerx Maintains Momentum As It Sets To Relaunch Despite the hack, Uwerx continues to shine as it devises ways to tackle the hack and maintain its momentum. Once they noticed the hack, they immediately alerted SolidProof and InterFiNetwork, their auditors. Also, the team contacted PeckShieldAlert and SlowMist_Team directly on Twitter. The team began by putting out a white-hat bounty, stating the attacker should return 80% of the exploited funds and keep 20%. A new WERX will be relaunched, and its platform will have more robust security measures. As to the relaunch, there will be a new contract address, which will be released to the community soon. However, the contract address will be audited twice by reputable companies and once by an independent contractor. Due to a change in the contract address, the Uwerx Vault smart contracts are being altered, after which they will be audited before being released to the public. The new WERX will be deployed on the Polygon network instead of Uniswap, on which it is currently deployed. This will enable token holders to easily use WERX on the Uwerxplatform without having to bridge, and it will also lower gas fees. However, those who bought WERX on Uniswap will not be abandoned. The team has decided to airdrop the tokens at the end of the vesting period to ensure they still benefit. They also assure those who bought WERX during the presale that they are safe and will be unaffected by the relaunch. The new WERX will be deployed with more liquidity. To do this, the funds reserved for the buyback campaign will be directed to liquidity. Also, the team is proposing a no-burn tax and a sliding sell tax, of which 100% will be directed to liquidity. A poll is already up on Uwerx’s Twitter page and Telegram channel, asking the community if they support a sliding sell tax wholly directed to liquidity. Another poll also asks the community how long the vesting period should be. These polls will end on August 13, after which the development of the new WERX will commence on August 14. The team also welcomes feedback or opinions, which can be sent to [email protected]. Also, there will be press releases this week and another major announcement on August 21 to update the community on the new WERX development and plans for the relaunch. The Uwerx platform development is ongoing, and the team has completed certain sections like Settings, Security, Help Center, Login, Privacy Policy, Create Account, and Finished Payments. The WERX allocations will also be changed, and the new allocation is: ● Presale: 57% (427,500,000) ● User Performance Incentives: 6% (45,000,000) ● Liquidity Reserve: 14% (105,500,000) ● Marketing: 9% (67,500,000) ● Team Tokens: 6% (45,000,000) ● Partnership Incentives: 2% (15,000,000) ● Joining Incentives: 6% ( 45,000,000) At the end of the presale, 25,499,071 WERX will be burned. The airdrop and vesting schedules were shifted, and the new schedules have been released. Uwerx’s whitepaper will also be modified to reflect the ongoing changes. Uwerx is on to big things, and once the polls are concluded on August 13, the team will announce the specific details of the new WERX, as they are committed to launching it as soon as possible. Uwerx’s dedication throughout this period has been incredible. Their efforts in tackling this challenge have removed all forms of doubt and fear the community initially had. No wonder its community has continued to gather momentum, growing to over 2,500 Telegram members and 2,000 Twitter followers. Uwerx remains focused on its vision, which is to be a change in freelancing, and no matter what, it is resolved to achieve this purpose. So why not throw in your support? Be a part of this value-driven community by following the links below: Website: https://www.uwerx.network Telegram: https://t.me/uwerx_network Twitter: https://twitter.com/uwerx_network Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
292 days agocryptopotato
Binance Becomes World’s First Exchange to be Granted Dubai’s Operational License
The issuance of the operational MVP license permits Binance to operate two licensed activities.
293 days agocryptodaily
Binance Becomes First to Receive Operational MVP License in Dubai
Binance FZE, the exchange’s Dubai-based subsidiary, has become the first exchange to receive an Operational Minimum Viable Product License in Dubai. Binance, the world’s largest crypto exchange, has been awarded an Operational Minimum Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). Binance FZE is the first cryptocurrency exchange in the world to receive such a license. #Binance FZE, our Dubai based subsidiary, is the world's first exchange to receive the Operational Minimum Viable Product licence in Dubai.Eligible users can now access regulated virtual asset services, such as fiat on and off ramp services via Binance FZE.More here
327 days agocointelegraph
ByBit’s MVP license in Dubai ‘very restricted,’ CEO says
Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services.
328 days agocryptodaily
Binance Eyes Strategic Move to UAE
The world’s top cryptocurrency exchange is eyeing a move to Dubai, in the midst of its battle with the United States’ Securities and Exchange Commission (SEC). Binance Dubai General Manager Alex Chehade has said that the UAE is the prime destination for crypto businesses and has noted its pro-crypto stance and policies. Chehade notes that the UAE is diversifying away from fossil fuels and has turned to cryptocurrency to achieve this. He also expects the influx of young people to the country to contribute to the rapid adoption of cryptocurrency. In a tweet last June 15, Binance MENA retweeted that over 27.7% of the UAE’s population are crypto owners. Virtual Assets and Financial Diversity The UAE has its own regulator exclusively for virtual assets, the Virtual Assets Regulatory Authority (VARA). Just last June 15, top crypto exchange OKX received an MVP preparatory license from VARA. MVP stands for ‘minimal viable product’ and a preparatory license allows approved licensees to fulfill all pre-conditions required to undertake MVP operations within the VARA regime. Binance itself received its own MVP license last September 2022. All of these point to the UAE’s pro-crypto environment and why numerous crypto businesses are eyeing to expand on the country. “There’s a clear framework for people and businesses to engage with, whereas you’re just not seeing as much of that elsewhere,” Chehade said. Contrasts and Regulation This is in contrast to the United States and the SEC. Binance is currently in the middle of a dispute with the United States’ SEC and has just filed a lawsuit against the commission last June 23. The SEC and its chairman Gary Gensler in particular, have not flinched on their hardline stance against virtual assets and businesses and there seem to be no signs of a shift anytime soon. Binance's interest in Dubai emphasizes the potential for countries with forward-thinking policies to position themselves as global crypto centers. By welcoming industry leaders like Binance, they can drive innovation and economic growth. Conversely, regulatory hostility or uncertainty, as observed in the US, can deter businesses and stifle the sector's development. The implications of Binance's strategic move extend beyond individual companies or countries. This shift illustrates a key aspect of the future growth of the cryptocurrency industry – the necessity of harmonious interaction between crypto businesses and regulatory bodies. While the robustness and security of the crypto market are paramount, overregulation can inhibit innovation and advancement. Striking this delicate balance could determine the trajectory of the global crypto landscape. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
339 days agocryptopotato
OKX Middle East Receives MVP Preparatory License From VARA in Dubai
[PRESS RELEASE – Dubai, United Arab Emirates, June 15th, 2023] UAE to serve as a strategic global and regional business hub, OKX to expand to 30 staff OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, today announced that OKX Middle East Fintech FZE (OKX Middle East) has received a […]
339 days agocoindesk
Crypto Exchange OKX Wins Preparatory License in Dubai, Set to Boost Staff
Once the so-called MVP license becomes operational, OKX Middle East will offer spot, derivatives, and fiat services, including U.S. dollar and UAE dirham deposits and withdrawals.
363 days agocointelegraph
TON Foundation launches $25M accelerator program
The accelerator will invest between $50,000 to $250,000 per project that builds on TON and has an MVP.
2371 day agocryptodaily
Press Release: The way to stop ICO scam - Trust Rank & Experts Platform for ICO Market!
Ratei.co Website About the Rate ICO RateI.CO platform which consists of experts in IT, blockchain, business & marketing, will make the ICO market cleaner and more transparent. RateI.CO will not allow potential investors to be confused by hype, Fear Of Missing Out or Fear, Uncertainty and Doubt. Experts from various fields will analyze and rate each ICO on a measure of trustworthiness, which potential investors can use to help guide them in their endeavors. Reviews will be available in 11 different languages. RateI.CO is currently working on new features, which include: additional parameters under which an ICO can be rated, tools for investors and ICO teams, and an internal STARS exchange. Many are currently unaware of the importance and benefits which our project brings to the sphere of ICO’s. Market problem & our solutions While many enthusiasts are turning to the ICO market, most are without resources to understand events and their significance. Ratei.co is currently garnering attention and interest from many investors and industry experts for its role in spreading awareness of the importance and benefits of a more critical, professional approach to ICOs. The Ratei.co platform consists of experts in the spheres of IT, blockchain, business, financial & marketing who are looking at the emerging ICO market with professional cautious optimism. They're a community united by one thing - experienced and sober assessment of business. We've come together to be a force to make the ICO market cleaner and more transparent. Ratei.co experts will not allow potential investors to be confused by hype, scare tactics, uncertainty or doubt. Ratei.co experts analyze and rate each new ICO against a range of metrics to measure its viability which potential investors can use as a guide in making investment choices. Reviews will be available in 11 different languages. Ratei.co is currently developing new features to serve the ICO market, including the creation of a set of standardized and economically proven parameters for assessing and rating ICOs, tools and metrics for investors and ICO teams and an internal STARS exchange. Offering Trust Ranking & Expert Reviews Investors and other subscribers to Ratei.co will be able to view and select projects according to several different indicators and ratings parameters. Auction is only one way of monetization. A portion of STR tokens will be made available as a bonus fund. Ratei.co offers a its platform to experts with transparent credentials who can write reviews and earn STR as a fixed fee for their reviews. The authors of the most useful reviews will receive extra incentives from a Ratei.co bonus fund. All submitted reviews will be distributed by Ratei.co to its network of experts to minimizing the possibility of conflict of interest or other misinformation that might decrease the value of the review. 1. Hundreds of experts in Business, Finance, Tech, Marketing write reviews for ICO projects. 2. Based on reviews & evaluation creates an Trust Rank, translators prepare reviews and all information in more than 10 languages. 3. ICO projects are buying STR and raise their positions and thereby form a STR budget for experts, translators, affiliate partners, good ideas for projects and etc. Token Mechanisms & Usage STR (Stars token) are based on the Ethereum Blockchain standard ERC-20 with a total supply of 60,000,000 STR Stars will used as points (bonuses) system and will not generate any equity. Stars token creates utility for Ratei.co platform, and with STR you can: Earn STR as experts on platform Earn STR as translator Earn STR in affiliate program Participate in an auction as ICO project As points for ideas, competitions Teams and ideas, its will be also as freelance platform Use STR it for order tools for ICO projects & investors Use for additional functionality, services, gamification The beta release of what we have announced is the end of December, on the way of ICO we will announce some additional functionality. The Profit & Financial model Combined monetization model of auction, gemification, commission from additional services and from own exchange. Users rate ICO’s on ratei.co using star (STR) tokens. The more stars (STR) an ICO accumulates, the further up on the list they move. ICO’s are divided into three lists: past, current, and future. How it works In order to be included in the list, an ICO must be registered on Ratei.co. In order to move up the list, an ICO must purchase or accumulate stars. Stars can be added to an ICO project by clicking on the “up” arrow located beside the listing for the project. All transactions are recorded in the blockchain, ensuring maximum transparency. All ICO’s included in the list will be sorted in accordance with the amount of stars they receive first, and will be able to select ICO projects according to several different indicators and ratings parameters. Each ICO receives 1 star (STR) upon registration. Each ICO may receive/purchase stars (STR) at any time and in any amount. Main expenses: Office and equipment Platform development Marketing expenses Payment for experts and translators Hiring the best employees in the team IT Department Management Department Analytical department Legal and consulting expenses Sponsorship of various events and conferences Why STR tokens will grow in value Blockchain technology is beginning to be implemented in various applications. However, it is obvious that the ICO phenomenon has been the most successful application so far. Currently, hundreds of new ICO projects are being launched every month. In a few short years, there will be thousands. Try to imagine how much will be rate if every ICO project will use our tokens. Benefits to the participants The opportunity to purchase tokens at a discounted rate, for after the end of the ICO, these tokens will be traded on cryptocurrency exchanges. Therefore, participants will have the ability to make a significant profit. From the standpoint of futures and speculation, ICOs are definitely worth participate in. What is the logic behind the certainty If one were to look at the current state of affairs, they will notice some indicators which have never been present for all of human history. Until now: Possibilities which arose from the growth of technology, globalization, the internet, and blockchain. More specifically: - Population growth throughout the last 20 years; - The number of entrepreneurs has grown 15 times in the last 15 years; - The growth in the amount of companies; - The thousand-fold growth in the amount of data and connection shared between entities; - Geo-politically, the world is becoming uni-polar; - The rapidly increasing speed of data transfer in finance and other applications will drastically change the world we live in. - We are witnessing nonlinear and revolutionary leaps in technology on an ever-increasing basis. - The rapidly-growing number of programmers, engineers, qualified market experts, and professionals who analyze data. - The proliferation and growth of cryptocurrencies which remove all barriers involved with international business and do away with middlemen. This gives individuals and businesses alike the opportunity to utilize their resources as they see fit, without restriction. The ICO phenomenon is clear evidence to this. - The ability to set forth with key initiatives is no longer reserved to corporations, visionary leaders, or governments. Instead, this power is given to individuals united around a common idea. This used to be close to impossible, but new and revolutionary technological developments have made it possible. The previously stated points are a testimony to the fact that the world is not standing in one place. On the contrary, the forward development of humanity, along with technology, is irreversible. As a result, the thousandfold increase in the number of new ICO projects will solidify this method as the go-to method for most, if not all future investment projects. Therefore, the utilization of Ratei.co and demand for STR tokens will only increase. Road Map October Launched Beta MVP showcase Received the first payments & ratings from users within 24 hours of launch November Team Building ICO Legal Set up Additional ICO rating indicators - more indicators from which the rating of an ICO will be determined. A platform for Blockchain and ICO experts. They will monetize experience Votes for Experts section for Advisors for ICO user-friendly tools for investors and Teams knowledge base December section for ICO Ideas & Teams for ICOs that can offer them to implement Development and launch of the STARS Exchange. With the help of the STARS exchange, users will have the ability to acquire other cryptocurrencies with STR tokens. The addition of STARS tokens to exchanges. Further development of the platform The creation of a section on the Ratei.co platform enabling companies to find a team and advisers in order to launch their own ICO project. Translations all reviews & services for 10 popular languages (Chinese, Russian, Spanish, German, Arabic, Hindi, Portuguese, Japanese, French, Korean) Great interest in the project, which is very pleasing. Many investors call and are negotiating, many investors are ready to enter the project, but with a smaller amount. We decided to divide this 800ETH (for kick start, and marketing costs) into 400 parts for early investors: For First 10 Pioneer Investors   2ETH - 4,000 STR (1ETH - 2000STR) 2ETH - 3,600 STR (1ETH - 1800STR) 2ETH - 3,300 STR (1ETH - 1650STR) 2ETH - 3,000 STR (1ETH - 1500STR) 2ETH - 2,800 STR (1ETH - 1400STR)  2ETH - 2,600 STR (1ETH - 1300STR)  2ETH - 2,400 STR (1ETH - 1200STR)  2ETH - 2,200 STR (1ETH - 1100STR)  2ETH - 2,000 STR (1ETH - 1000STR)  2ETH - 1,800 STR (1ETH - 900STR) 400 positions for early investors  1st 100 positions  2ETH - 1,200 STR (1ETH - 600STR)  2nd 100 positions 2ETH - 1,000 STR (1ETH - 500STR)  3rd 100 positions  2ETH - 900 STR  (1ETH - 450STR)  4th 100 positions  2ETH - 800 STR  (1ETH - 400STR) ICO Rate - 1STR - 150STR Now ICOs buying 1Star - 100 STR After ICO, try to imagine how much will be Rate if every ICO project will use our tokens *In the comments we will write how many positions are left *1 investor can buy more than 1 position Ratei.co Website
2371 day agocryptodaily
Press Release: The way to stop ICO scam - Trust Rank & Experts Platform for ICO Market!
Ratei.co Website About the Rate ICO RateI.CO platform which consists of experts in IT, blockchain, business & marketing, will make the ICO market cleaner and more transparent. RateI.CO will not allow potential investors to be confused by hype, Fear Of Missing Out or Fear, Uncertainty and Doubt. Experts from various fields will analyze and rate each ICO on a measure of trustworthiness, which potential investors can use to help guide them in their endeavors. Reviews will be available in 11 different languages. RateI.CO is currently working on new features, which include: additional parameters under which an ICO can be rated, tools for investors and ICO teams, and an internal STARS exchange. Many are currently unaware of the importance and benefits which our project brings to the sphere of ICO’s. Market problem & our solutions While many enthusiasts are turning to the ICO market, most are without resources to understand events and their significance. Ratei.co is currently garnering attention and interest from many investors and industry experts for its role in spreading awareness of the importance and benefits of a more critical, professional approach to ICOs. The Ratei.co platform consists of experts in the spheres of IT, blockchain, business, financial & marketing who are looking at the emerging ICO market with professional cautious optimism. They're a community united by one thing - experienced and sober assessment of business. We've come together to be a force to make the ICO market cleaner and more transparent. Ratei.co experts will not allow potential investors to be confused by hype, scare tactics, uncertainty or doubt. Ratei.co experts analyze and rate each new ICO against a range of metrics to measure its viability which potential investors can use as a guide in making investment choices. Reviews will be available in 11 different languages. Ratei.co is currently developing new features to serve the ICO market, including the creation of a set of standardized and economically proven parameters for assessing and rating ICOs, tools and metrics for investors and ICO teams and an internal STARS exchange. Offering Trust Ranking & Expert Reviews Investors and other subscribers to Ratei.co will be able to view and select projects according to several different indicators and ratings parameters. Auction is only one way of monetization. A portion of STR tokens will be made available as a bonus fund. Ratei.co offers a its platform to experts with transparent credentials who can write reviews and earn STR as a fixed fee for their reviews. The authors of the most useful reviews will receive extra incentives from a Ratei.co bonus fund. All submitted reviews will be distributed by Ratei.co to its network of experts to minimizing the possibility of conflict of interest or other misinformation that might decrease the value of the review. 1. Hundreds of experts in Business, Finance, Tech, Marketing write reviews for ICO projects. 2. Based on reviews & evaluation creates an Trust Rank, translators prepare reviews and all information in more than 10 languages. 3. ICO projects are buying STR and raise their positions and thereby form a STR budget for experts, translators, affiliate partners, good ideas for projects and etc. Token Mechanisms & Usage STR (Stars token) are based on the Ethereum Blockchain standard ERC-20 with a total supply of 60,000,000 STR Stars will used as points (bonuses) system and will not generate any equity. Stars token creates utility for Ratei.co platform, and with STR you can: Earn STR as experts on platform Earn STR as translator Earn STR in affiliate program Participate in an auction as ICO project As points for ideas, competitions Teams and ideas, its will be also as freelance platform Use STR it for order tools for ICO projects & investors Use for additional functionality, services, gamification The beta release of what we have announced is the end of December, on the way of ICO we will announce some additional functionality. The Profit & Financial model Combined monetization model of auction, gemification, commission from additional services and from own exchange. Users rate ICO’s on ratei.co using star (STR) tokens. The more stars (STR) an ICO accumulates, the further up on the list they move. ICO’s are divided into three lists: past, current, and future. How it works In order to be included in the list, an ICO must be registered on Ratei.co. In order to move up the list, an ICO must purchase or accumulate stars. Stars can be added to an ICO project by clicking on the “up” arrow located beside the listing for the project. All transactions are recorded in the blockchain, ensuring maximum transparency. All ICO’s included in the list will be sorted in accordance with the amount of stars they receive first, and will be able to select ICO projects according to several different indicators and ratings parameters. Each ICO receives 1 star (STR) upon registration. Each ICO may receive/purchase stars (STR) at any time and in any amount. Main expenses: Office and equipment Platform development Marketing expenses Payment for experts and translators Hiring the best employees in the team IT Department Management Department Analytical department Legal and consulting expenses Sponsorship of various events and conferences Why STR tokens will grow in value Blockchain technology is beginning to be implemented in various applications. However, it is obvious that the ICO phenomenon has been the most successful application so far. Currently, hundreds of new ICO projects are being launched every month. In a few short years, there will be thousands. Try to imagine how much will be rate if every ICO project will use our tokens. Benefits to the participants The opportunity to purchase tokens at a discounted rate, for after the end of the ICO, these tokens will be traded on cryptocurrency exchanges. Therefore, participants will have the ability to make a significant profit. From the standpoint of futures and speculation, ICOs are definitely worth participate in. What is the logic behind the certainty If one were to look at the current state of affairs, they will notice some indicators which have never been present for all of human history. Until now: Possibilities which arose from the growth of technology, globalization, the internet, and blockchain. More specifically: - Population growth throughout the last 20 years; - The number of entrepreneurs has grown 15 times in the last 15 years; - The growth in the amount of companies; - The thousand-fold growth in the amount of data and connection shared between entities; - Geo-politically, the world is becoming uni-polar; - The rapidly increasing speed of data transfer in finance and other applications will drastically change the world we live in. - We are witnessing nonlinear and revolutionary leaps in technology on an ever-increasing basis. - The rapidly-growing number of programmers, engineers, qualified market experts, and professionals who analyze data. - The proliferation and growth of cryptocurrencies which remove all barriers involved with international business and do away with middlemen. This gives individuals and businesses alike the opportunity to utilize their resources as they see fit, without restriction. The ICO phenomenon is clear evidence to this. - The ability to set forth with key initiatives is no longer reserved to corporations, visionary leaders, or governments. Instead, this power is given to individuals united around a common idea. This used to be close to impossible, but new and revolutionary technological developments have made it possible. The previously stated points are a testimony to the fact that the world is not standing in one place. On the contrary, the forward development of humanity, along with technology, is irreversible. As a result, the thousandfold increase in the number of new ICO projects will solidify this method as the go-to method for most, if not all future investment projects. Therefore, the utilization of Ratei.co and demand for STR tokens will only increase. Road Map October Launched Beta MVP showcase Received the first payments & ratings from users within 24 hours of launch November Team Building ICO Legal Set up Additional ICO rating indicators - more indicators from which the rating of an ICO will be determined. A platform for Blockchain and ICO experts. They will monetize experience Votes for Experts section for Advisors for ICO user-friendly tools for investors and Teams knowledge base December section for ICO Ideas & Teams for ICOs that can offer them to implement Development and launch of the STARS Exchange. With the help of the STARS exchange, users will have the ability to acquire other cryptocurrencies with STR tokens. The addition of STARS tokens to exchanges. Further development of the platform The creation of a section on the Ratei.co platform enabling companies to find a team and advisers in order to launch their own ICO project. Translations all reviews & services for 10 popular languages (Chinese, Russian, Spanish, German, Arabic, Hindi, Portuguese, Japanese, French, Korean) Great interest in the project, which is very pleasing. Many investors call and are negotiating, many investors are ready to enter the project, but with a smaller amount. We decided to divide this 800ETH (for kick start, and marketing costs) into 400 parts for early investors: For First 10 Pioneer Investors   2ETH - 4,000 STR (1ETH - 2000STR) 2ETH - 3,600 STR (1ETH - 1800STR) 2ETH - 3,300 STR (1ETH - 1650STR) 2ETH - 3,000 STR (1ETH - 1500STR) 2ETH - 2,800 STR (1ETH - 1400STR)  2ETH - 2,600 STR (1ETH - 1300STR)  2ETH - 2,400 STR (1ETH - 1200STR)  2ETH - 2,200 STR (1ETH - 1100STR)  2ETH - 2,000 STR (1ETH - 1000STR)  2ETH - 1,800 STR (1ETH - 900STR) 400 positions for early investors  1st 100 positions  2ETH - 1,200 STR (1ETH - 600STR)  2nd 100 positions 2ETH - 1,000 STR (1ETH - 500STR)  3rd 100 positions  2ETH - 900 STR  (1ETH - 450STR)  4th 100 positions  2ETH - 800 STR  (1ETH - 400STR) ICO Rate - 1STR - 150STR Now ICOs buying 1Star - 100 STR After ICO, try to imagine how much will be Rate if every ICO project will use our tokens *In the comments we will write how many positions are left *1 investor can buy more than 1 position Ratei.co Website
2391 day agocryptodaily
Is an Ico really necessary to improve your startup?
Why do you need a token for your biz? Every blockchain project has a team and a group of advisors. Understanding the capabilities of the team, their engagement in the project and their view is a critical in deciding the type of outside help needed for a successful project. Advisors are one way to bring creditably and attract the attention of the media and the community, but it is important to understand what each advisors actual role and contributions will be. Do you really need to blockchain to run your company? Unless the additional resources needed to build the blockchain and incorporate it in your business are adding value by making your goods or services cheaper, better, faster or more reliable. There is no legitimate reason to incorporate blockchain into your business. With the exception of a security token, an Ico is a way of distributing a token to as many as possible in the network. ICOs allow the community and developers to share in the success of the company in a way that survives the hype and brings real world value. What are you really trying to achieve? Is there a market for this project? Does this project disrupt the market of application or is it an evolutionary project? Does it make sense for other market players (including corporates) to collaborate or be stakeholders? Support from other blockchain projects could be a possible advantage. Are you Working with specialized partners in terms of credibility? Does the addition of blockchain give you an advantage over competitors and what is the unique value proposition of the project? Technology and the building blocks of your campaign! What is the roadmap? The tech stack? Is it credible? Is there a MVP or just a white paper? Do you have an economic model? Is there a Github for the project where third parties could check the credibility and reliability of the code and the projects progress? Do you have the resources for legal and marketing? A successful Ico typically has a huge marketing budget for PR and conferences. Conclusion I see a lot of very interesting new ICOs where the token has no real value to the business and the founders are claiming blockchain has solved the companies problems like magic. I also see other projects where it is obvious that they have added blockchain as a way to fundraise by jumping on a hot trend, although previously they could not get their startup funded. Disclaimer This article is for informational purposes only and does not constitute investment advice and is not a recommendation to participate in any crowdsale, or Intial coin offering. Disclosures The author is not referring to any specific projects in this article .
2391 day agocryptodaily
Is an Ico really necessary to improve your startup?
Why do you need a token for your biz? Every blockchain project has a team and a group of advisors. Understanding the capabilities of the team, their engagement in the project and their view is a critical in deciding the type of outside help needed for a successful project. Advisors are one way to bring creditably and attract the attention of the media and the community, but it is important to understand what each advisors actual role and contributions will be. Do you really need to blockchain to run your company? Unless the additional resources needed to build the blockchain and incorporate it in your business are adding value by making your goods or services cheaper, better, faster or more reliable. There is no legitimate reason to incorporate blockchain into your business. With the exception of a security token, an Ico is a way of distributing a token to as many as possible in the network. ICOs allow the community and developers to share in the success of the company in a way that survives the hype and brings real world value. What are you really trying to achieve? Is there a market for this project? Does this project disrupt the market of application or is it an evolutionary project? Does it make sense for other market players (including corporates) to collaborate or be stakeholders? Support from other blockchain projects could be a possible advantage. Are you Working with specialized partners in terms of credibility? Does the addition of blockchain give you an advantage over competitors and what is the unique value proposition of the project? Technology and the building blocks of your campaign! What is the roadmap? The tech stack? Is it credible? Is there a MVP or just a white paper? Do you have an economic model? Is there a Github for the project where third parties could check the credibility and reliability of the code and the projects progress? Do you have the resources for legal and marketing? A successful Ico typically has a huge marketing budget for PR and conferences. Conclusion I see a lot of very interesting new ICOs where the token has no real value to the business and the founders are claiming blockchain has solved the companies problems like magic. I also see other projects where it is obvious that they have added blockchain as a way to fundraise by jumping on a hot trend, although previously they could not get their startup funded. Disclaimer This article is for informational purposes only and does not constitute investment advice and is not a recommendation to participate in any crowdsale, or Intial coin offering. Disclosures The author is not referring to any specific projects in this article .

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