Tag : ICO

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BitDegree Platform Grows While Token Struggles

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When you think about projects being undertaken in the cryptocurrency world, there are a few that are as strange as BitDegree. This is one of those projects that have a considerably solid platform. The same cannot be said about the performance of its tokens. In fact, the BitDegree platform is showing quite little use for its tokens.
Since its Initial Coin Offering, the platform has shown a lot of promise. The thing is that the token itself has been severely disappointing for the investors. From when it started off, it has lost over 98 percent of its value. That’s how bad things are.
Considering the horrendous performance of the token, developers of the project decided to shake things up. The BitDegree platform has finally begun accepting fiat currency. The creators felt that the token-only aspect of the project was too detrimental for the project. Having fiat payments would save the project and it has, to a certain degree. It is still trying to integrate the BDG token into the product somehow.
The BitDegree project has made a lot of special efforts to encourage the use of its native tokens for the courses that they offer. The first look at the BitDegree makes it look like a platform pretty much like Udemy and other such websites which offer self-learning courses. The difference is that the platform has made significantly more efforts to promote the use of BDG tokens for purchase its courses.
After the change, the prices are now appearing in their US Dollar value.
There is an argument being made. If a token is used within a specific ecosystem, it can have value in and of itself. When you look at the BDG token for the BitDegree platform, there is an ecosystem with course material, teachers and students involved. It is just that the community of cryptocurrency users has generally shown skepticism towards this token. This was not something that BitDegree could have anticipated (much like most things in the cryptocurrency world).
The team behind BitDegree has been trying to entice users to make purchases using the native cryptocurrency token. They have offered discounts of up to 20 percent for every course which is bought using the BDG tokens. It seems like a good enough move to encourage more use of the BDG token, right?
Wrong. The biggest issue with the BDG token is the process of acquiring it. It is too much of a hassle. Not going through the hassle is worth the extra 20 percent people have to pay when they use fiat currency on the platform.
The people who bought the tokens during the ICO have mostly sold their tokens. With a cryptocurrency token which has seen so much depreciation, not a lot of purchases have been made to consider the token viable.
That and the fact that there are only a few cryptocurrency exchanges offering the digital asset trading on their platform makes things worse.
The cryptocurrency community does not feel very good about the BDG token considering all these things. It can only have some worth if more cryptocurrency exchanges start to list it in their portfolio.
There are other projects geared towards education that have managed to create good revenue through releasing tokens. ACAD is the Academy Token which has its own token. It will be used to spend on the courses within its ecosystem.
Until and unless there is a proper user base of dedicated people, the aspect of cryptocurrency being used to make payments won’t take off.
The development team is still in the works. They are trying to make it possible to get the BDG tokens in an easier manner. They want to convert the payments being made on the platform into BitDegree’s native tokens. The platform itself is successful and they might just be able to make the token perform better at some point. It remains to be seen.

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Where Are the Celebrity Endorsed ICO Projects Now?

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Throughout last year we saw the cryptocurrency world reach soaring new heights and among the main drivers for that massive surge were the Initial Coin Offerings that were running rampant throughout the cryptocurrency community. Since there was such a saturation of Initial Coin Offerings throughout the cryptoverse, some of them took steps to stand out from the rest.
That is how the celebrity endorsed ICO projects came into being. The help of celebrities managed to give an added sense of credibility to many of the cryptocurrency ICO projects that took place throughout the year. Here is a look at some of the most prominent celebrity endorsed ICO projects and where they are right now.
The First Celebrity Endorsed ICO
The first Initial Coin Offering project which was endorsed by a celebrity and the first celebrity to get in on the cryptocurrency world was the Stox.com ICO project endorsed by Floyd Mayweather. The Stox.com ICO really took off when they managed to get Mayweather on board with his endorsement and the prediction market platform managed to raise $30 million US dollars in the ICO.
For all intents and purposes, the Stox.com ICO has become the only successful celebrity endorsed ICO project to date. Mayweather started calling himself Floyd “Crypto” Mayweather after his first investment took off. After that he invested in Hubii and Centra, two ICO projects that went belly up. Centra was charged with fraud by the SEC and Hubii didn’t even manage to raise the necessary funding it needed.
From That Point Onwards
Another one of the celebrity endorsed ICO projects was the LydianCoin. This was backed by the great granddaughter of the Hilton Hotels owner, Paris Hilton, who promoted the coin through her tweets, which have since been deleted.
It was only a couple of months after the ICO was announced that people found out that the CEO of the ICO project had been found guilty of committing domestic abuse. The SEC, at this point, also began to warn the would-be investors in the Initial Coin Offerings that there are significant risks involved with investing in ICOs. The fact that well known celebrities are endorsing them should not be considered as adding more credibility to the ICO project.
Lastly, there was another cryptocurrency ICO project which was a blatant rip off of Bitcoin known as “Bitcoiin” with two I’s. The actor Steven Seagal endorsed this project until the time came that he was given a cease and desist order from the court. That’s when he parted ways with the ICO project which was never really going to take off anyway.
There was also John McAfee who was charging $100k for every tweet he would post about the cryptocurrency world, that was until regulatory bodies warned him and urged him to discontinue.
Other than the Stox.com ICO project, none of the celebrity endorsed ICO projects have ever actually gone on to become successful. Most of them have been questionable projects and people have now been sufficiently warned about staying away from the questionable ICO projects.

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Conference in Stockholm Will See DLT for Different Uses be Discussed

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September 11th of this year will see the Smile Expo take place in Stockholm which will conduct one of the world’s largest blockchain technology based conferences, the Blockchain & Bitcoin Conference Stockholm for the second time. The conference is going to see experts in the field from all over the world come together in the capital city of Sweden and talk about the use of Distributed Ledger Technology in varying range of sectors.
Here is What Attendees Should Expect
Within the Blockchain & Bitcoin Conference Stockholm, the attendees should expect to see 16 well known speakers about blockchain and cryptocurrencies come together from all over the world. There will be a feature of over twenty different blockchain based companies and startups in the demozone. There will be a sharing of all the innovative ideas and products by these participants for the cryptoverse.
The conference will see 2 panel discussions taking place which the attendees can visit. These panel discussions are going to see the panelists clarify the involvement of blockchain technology within the energy sector and the blockchain technology’s use in various sectors in this new blockchain era.
Main Points of Discourse
There will be a lot of discussion about general topics in the cryptocurrency world right now and the experts are going to elaborate on a few topics surrounding Distributed Ledger Technology with a particular attention to the use cases.
The main points of discussion will be the analysis of Distributed Ledger Technology and its implementation within different industries, the real use cases of cryptocurrencies and their regulation across the globe, the potential that Distributed Ledger Technology has for entrepreneurs and a discussion about how to prepare for and launch an Initial Coin Offering.
What Makes The Conference Different?
You see the Blockchain & Bitcoin Conference Stockholm this time will be different because it will not only be focusing on the most popular uses of Distributed Ledger Technology but also all the implications the innovations of it can have on the world. The specialists coming together will exchange their points of views on the blockchain technology uses in the energy sector and its potential impact on global warming and climate change.
There will also be a discourse on blockchain technology’s “encroachment” in the real estate sector, the opportunities it presents for the transport industry, the impact it will have on logistics industries and healthcare.
Other than that there will be a discussion on integration of blockchain technology within the industry of journalism. Smile Expo has been hosting a series of Blockchain & Bitcoin Conferences all over the world.

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Mainnet Launch of Augur Seeks to Decentralize Ethereum Prediction Markets

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Augur is a protocol which has been made with the aim of decentralizing the prediction marketplace on Ethereum. Resulting from a very successful Initial Coin Offering back in 2015, Augur managed to raise $5.5 million worth of Ether for the project development fund.
The ICO which began in the August of 2015, allowed the developers of Augur to successfully create the protocol’s beta version which was launched just over two years ago on the testnet of Ethereum’s blockchain network. The security audit cleared the Augur protocol during that course of time and over the past few months, developers had been hard at work to remove all the kinks and fix all the bugs in order to prepare it for the mainnet launch scheduled for the 9th of July in 2018.
Disruption of Prediction Market
The main premise for Augur is that one can easily get an adequate reading of the probability of an outcome if you are going to give the right kind of incentive to users for the knowledge that they will receive. For instance, if someone is sure that it will rain today, they will be incentivized to a certain degree to continue buying shares in that particular market until it stops profiting them.
In this way, you will be able to get a reading on the probability by formulating a market around a certain event (like the rain in this case) based on the hypothesis that the markets are efficient.
The purpose for the protocol as defined by the development team is:
“Augur’s purpose is to democratize and decentralize finance. We’ll do this by enabling anyone, anywhere, at any time in the world to create and speculate on derivatives at a low cost for the first time.”
Looking Ahead
With all the kinks worked out and a successful beta phase on the testnet, Augur is looking to improve on the platform. It will lower the platform, making it easier for adoption and it is also
focusing on increasing the speed. There are several different types of markets and currencies on the Augur Roadmap and they have even taken the initiative to integrate the 0x protocol which will allow off-chain trading using the Augur platform, thereby tackling any possible scalability issue before it even has the chance to arise. The future looks bright in the context of prediction market disruption and decentralization on the Ethereum universe with Augur protocol’s mainnet launch.