IBM has taken its Blockchain World Wire (BWW) payment network out of beta this week.

IBM Takes Blockchain World Wire Out of Beta

IBM Takes Blockchain World Wire Out of BetaIBM has taken its Blockchain World Wire (BWW) payment network out of beta this week.

This development was made known in a post on IBM’s website. BWW, which makes use of digital currency on Stellar’s blockchain to facilitate foreign settlements between banks in “near real-time,” is the most recent step forward for IBM and Stellar, which have been considering blockchain payment options since October last year.

“The solution uses digital assets to settle transactions — serving as an agreed-upon store of value exchanged between parties — as well as integrating payment instruction messages,” a new summary of the platform relayed, explaining: “It all means funds can now be transferred at a fraction of the cost and time of traditional correspondent banking.

” IBM had collaborated with Stronghold, a Stellar-based asset, to make the Stellar network’s first stablecoin. “We see this as a way of bringing financial settlement into the transactional business network that we have been building,” the corporation’s vice president of global blockchain Jesse Lund quipped during that time.

The most recent move offers new competition for entities such as Ripple, which has had a contentious few months as executives express doubts over blockchain’s appeal to the banking sector.

While IBM claimed that blockchain could “revolutionize” the global financial system in an analysis released back in January, the firm nevertheless considered the idea of banks themselves becoming obsolete as “not likely.”

e-NetworkAssociates.com on Twitter: “In conclusion, the XRP Ledger is in many ways a more transactional, functional and decentralized ledger than either Bitcoin or Ethereum, which will only increase over time.” 

e-NetworkAssociates.com on Twitter: “In conclusion, the XRP Ledger is in many ways a more transactional, functional and decentralized ledger than either Bitcoin or Ethereum, which will only increase over time.” https://t.co/jD7JUruXCJ … #xrp #xrpthestandard #ripple”

“In conclusion, the XRP Ledger is in many ways a more transactional, functional and decentralized ledger than either Bitcoin or Ethereum, which will only increase over time.”

$87 million cryptocurrency theft in China: Highly-skilled hacker trio arrested

The three individuals are caught on August 15 in Hunan, Changchun provinces, and Beijing respectively, after a months-long probe.

 

Chinese police have arrested three persons for allegedly stealing bitcoins and other cryptocurrencies worth $87 million, Chinese news agency Xinhua reported on Saturday.

The three individuals are caught on August 15 in Hunan, Changchun provinces, and Beijing respectively, after a months-long probe.

See also: Monero [XMR] experiences steep decline in hashrate; community delighted

The report says a victim, who goes by the name Zhang, approached police in the northwestern city Xi’an after he allegedly lost crypto assets worth $14.5 million. He gave a complaint in March.

The police investigated the matter with the help of many internet firms. They learned that a person Zhou (surname) hacked Zhang’s personal computer and stole his crypto assets. The investigating officers later identified Zhou’s partners, apparently highly-skilled hackers, the report stated.

The trio had been accused of breaking into the networks of corporations and individuals and getting away with 600 million yuan ($87 million) as per estimates.

Earlier, 20 persons were arrested in Dalian city of China for allegedly using crypto mining malware to infect over a million computers. They reportedly earned over $2 million in a span of two years.

$300 mn Bitcoin scam: Indian cops nab two more in ponzi scheme case

The crime branch police have arrested two more involved in the ponzi Bitcoin scheme that duped thousands of cryptocurrency investors. The duo is said to be close aides of Amit Bhardwaj, the kingpin of the multi-million Bitcoin [BTC] scam. They are accused of marketing the schemes to lure gullible consumers.

Pune police arrested Amit Bhardwaj on April 5 from the Delhi airport. He is believed to be the mastermind behind scamming thousands of Indians. He allegedly made a fortune of $300 million (approximately 2,000 crore INR).

“The duo were involved in marketing the scheme. They had lured hundreds of people and then disappear. We are investigating the case and are also finding out the number of people that have been duped,” a police official said.

Source: $87 million cryptocurrency theft in China: Highly-skilled hacker trio arrested

Smart Phone Coin Mining ~ MINE ELECTRONEUM FOR FREE ~

MINE ELECTRONEUM FOR FREE

Good day folks.

So many of you may know that crypto currencies like Bitcoin will become ubiquitous in our lives, just like the internet is ubiquitous in our life.

Electroneum is a brand new British cryptocurrency launched via an Initial Coin Offering (ICO) in September 14th 2017. Developed to be used in the mobile gaming markets, it will be the most user-friendly cryptocurrency in the world with wallet management and coin mining all possible on a mobile app.

Electroneum (ETN) is a cryptocurrency that can be mined with a smartphone, requiring almost no technical knowledge or prior experience. This sets it apart from other cryptocurrencies (like Bitcoin) which require expensive hardware and technical know-how to mine.

So this makes it possible to mine Electroneum for FREE from your android phone while running in the background of your smart phone. [IOS version coming soon]

The Android mining app [IOS soon to follow] has only been available since the 5th March 2018 so, as of writing this blog post, we are only 6 weeks into mining, if you could have started Bitcoin mining 6 weeks into launch would you have joined?

 

How to open a wallet & buy Electroneum?

  1. Register here to make an Electroneum wallet: OPEN A FREE WALLET
  2. Buy on Cryptopia and transfer ETN to your wallet which you opened above: BUY (ETN) HERE   Or Here

How to MINE Electroneum on your Android smart phone?

Install the Electroneum App in the google play store for free:

https://play.google.com/store/apps/de..

How to Get A 1% electroneum mining bonus?

Each referred person will get a 1% bonus on top of what they mine. Please feel free to use my referral code 8ACEB6 so you will get the bonus…

How to earn free Electroneum?

For every user you refer, you get 5.00% bonus ETN based on what they are mining. In addition, your referrals will get a 1% bonus on top of what they mine when entering your referral code. So for every 10 ETN mined by one of your referrals, you will receive 0.5 ETN and they will receive 0.1 ETN as a bonus.

How to get 5000 Free Electroneum coins?

  1. Install the free Electroneum App https://play.google.com/store/apps/de..
  2. After registration login to the Electroneum App and go to More option
  3. Click on Earn FREE Coin and then Enter this Code 8ACEB6 and Submit, then click on Show My Referral Code / QR and promote your Referral Code. Once your friends have signed up, have them scan the QR code that is displayed on your phone. You need 5 referrals in a week to have a chance to win 5000 electroneum coins.

Is Electroneum worth it?

✓It has a single-minded development team behind it, with the clear goal to break into and dominate the mobile currency market

✓Electroneum is set to become the first digital coin to enter common usage due to its groundbreaking ease-of-use for the ordinary mobile user

✓Huge potential because of the 2.2 billion smartphone users around the globe

✓First cryptocurrency mining app in the world

✓Electroneum wallets can easily be managed on a smartphone, and the coins can be generated by the unique mobile miner running as a background activity

✓Maximum coin volume of 21 billion, which will mean transactions have only two decimal places and have a ‘real money’ feel that Bitcoin lacks

✓It enables very fast micro transactions and currency can be transferred between different apps, games and users

✓Electroneum relies on its own purpose-built blockchain, unlike many other currencies launched in 2017 so far

✓Offline Wallet (a completely secure, unhackable, offline wallet)

Is this not just so COOL?

Credits Market Capitalization Hits $26.85 Million (CS) – XNewsPress

Credits (CURRENCY:CS) traded 10.4% lower against the US dollar during the 1 day period ending at 21:00 PM Eastern on August 1st. Over the last week, Credits has traded 18.8% lower against the US dollar. Credits has a total market capitalization of $26.85 million and approximately $1.42 million worth of Credits was traded on exchanges […]

Source: Credits Market Capitalization Hits $26.85 Million (CS) – XNewsPress

MyShield – DECENTRALIZED ANTI-SCAM PLATFORM

 THE ECOSYSTEM OF CONFIDENCE 


MyShield is an innovative decentralized anti-scam platform. It

 is determined to inspire confidence when executing

 online transactions. Powered by both AI cyber intelligence and crowd wisdom, MyShield provides a constantly improving layer of security for the crypto-currency Ecosystem and eventually for the entire e-commerce world.

play videoYou are witnessing a game-changer for online transactions.

Forbes, April 3, 2018

THE COMPANY
BEHIND MYSHIELD
& THE MSLD TOKEN

MyShield is an innovative Anti-Scam Platform. MyShield was created based on the technology, knowledge and experience of BrandShield.

BrandShield was established in 2013 and developed a robust and innovative AI powered cyber intelligence system for online brand protection, anti-counterfeiting and anti-fraud.

The company’s system monitors the Internet to find scams of different types including fraud, counterfeits, trademark infringements and other malicious activities. on websites, eCommerce marketplaces (e.g. Amazon, eBay), social media platforms, mobile apps and PPC ads.

Read more about BrandShield @ www.BrandShield.com 

 

A secure well establish company with rock solid secure networks 

  • Enforcement services providers
  •  Guarantee providers
  •  MyShield bounties

This is an ICO to watch. If you are a private investor and are interested and are looking for assistance on how to participate in an ICO such as the one featured above we have the solutions needed to help you manage either your first crypto purchase or ICO.

John McAfee and TokenPay CEO Crypto Adoption Debate Interview Recap

Crypto Adoption Debate – With John McAfee, Craig Neil, Chris Painter and Derek Capo Popular crypto media personality Keith Wareing hosted a 1 hour debate which included CEOs from Tokenpay, Om…

Source: John McAfee and TokenPay CEO Crypto Adoption Debate Interview Recap

  • Crypto ecosystem needs users who utilize tokens for its intended purpose
  • Fads like CryptoKitties is essential for adoptions
  • Governments vs Cryptos
  • Proof of Stake vs Proof of Work
  • On NYSE’s new Bakkt platform

 

 

“The future is malleable.” Listen to Nolan Bushnell, Founder of Atari and Chuck E. Cheese, speak at the annual AFWERX #FusionXperience. #innovation #startups #entrepreneurs 

VIA: AFWERX on Twitter

We accept these Cryptocurrencies:

If you want to know how you or your business / organization want to accept  these coins we can help you set up multiple wallets for up to 870 Altcoin wallets to receive and store crypto payments sent to you as well as how to trade and exchange them into cash deposited you a regular or commercial bank account.

Have a website, blog, YouTube Channel, Facebook Page / Group? We have solutions for you.

Need Online shopping cart plugin integration to accept cryptocurrency? Contact us for more details.

Looking to Crowdfund. We have solutions for you.

Want to raise money for your non profit or organization, club, school, church etc. and need a reliable agent and advisement on how to integrate it.  We have solutions for you.

Looking for escrow service and advisement? We have solutions for you.

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GBP.Bitst

Choosing the right jurisdiction is key. What an ICO should be determining early in the formation stages.

Choosing the right jurisdiction is key.

Your ICO or one that you are looking at participating in, does it pass the Howey test and will it remain in compliance?

As for the USA… You and your team should have a firm grasp of what you are proposing to offer the public and where.

The Supreme Court, in issuing its decision finding that the defendants’ leaseback agreement is a form of security, developed a landmark test for determining whether certain transactions are investment contracts (and thus subject to securities registration requirements). Under the Howey Test, a transaction is an investment contract if:

It is an investment of money

There is an expectation of profits from the investment

The investment of money is in a common enterprise

Any profit comes from the efforts of a promoter or third party

Although the Howey Test uses the term “money,” later cases have expanded this to include investments of assets other than money. The term “common enterprise” isn’t precisely defined, and courts have used different interpretations. Most federal courts define a common enterprise as one that is horizontal, meaning that investors pool their money or assets together to invest in a project. However, other courts use different definitions.

The final factor of the Howey Test concerns whether any profit that comes from the investment is largely or wholly outside of the investor’s control. If so, then the investment might be a security. If, however, the investor’s own actions largely dictate whether an investment will be profitable, then that investment is probably not a security.

Substance Over Form

In deciding Howey, the Supreme Court created a test that looks at an investment’s substance, rather than its form, as the determining factor for whether it is a security. Even if an investment is not labeled a “stock” or “bond,” it may very well be a security under the law, meaning that registration and disclosure requirements apply. After the creation of the Howey Test, some promoters masqueraded securities to try and escape registration requirements (such as by calling an offer of securities an interest in a general partnership). To deal with these charades, courts look at the economic realities behind an investment scheme, rather than at its name or form, to determine whether it is a security.

If an investment opportunity is open to many people, and if investors have little to no control or management of investment money or assets, then that investment is probably a security. If, on the other hand, an investment is made available only to a few close friends or associates, and if these investors have significant influence over how the investment is managed, then it is probably not a security. Source: https://consumer.findlaw.com/securities-law/what-is-the-howey-test.html

Seek legal advisement. Secure legal advisement. Follow legal advisement

Blockchain startups like many starts ups are cash strapped. One of the things that in the early stages that goes neglected is a legal budget. If your ICO whitepaper is showing real promise and value, an early stage partner that happens to be in law could well be a perfect match for you if you have not made already made plans for in house or general counsel.

In the crypto space it is not odd to offer a lawyer or law firm your token in lue of cash or tokens and cash or a mix of various instruments. They could well see that shaving off the legal bill in whole or in part depending on what you negotiate could well be in thier best interest and yours if they have a stake substantial enough. Just like any other “partnership” or venture agreement.

Choosing the right jurisdiction is key.

Analysis

Given the data, we will look at the following countries/territory for our analysis:

  • Singapore
  • Switzerland
  • Cayman Islands

~Cayman Islands~

Though not a country, this British Overseas Territory boasts itself as being one of the most interesting regions for structuring an ICO. Through its stable political and legal platform, it has seen many offshore company formations, many of them being institutional clients as they prefer vigorous regulatory and legal frameworks pertaining to the international standards, rather than operating under a merky regulatory environment which would be more adapted to speculative initiatives.

This strong regulatory and legal ethos naturally makes this BOT one of the most attractive and reliable areas to start an ICO.

At the same time, one of the concerns for those thinking of starting an ICO campaign is to understand the nature of the token issued. Specifically, if it passes the Howey test (as described above) it will be considered as security, potentially exposing itself to the purview of SEC and other regulatory bodies’ oversight. However, some experts suggest that the definition of “security” as specified by the Cayman Islands’ related legislation does not apply to an ICO token, a favourable factor that facilitates the token sale process.

Although there still exists certain degree of legal ambiguity in its crypto ecosystem, we see this as the country’s regulatory authorities taking time to ensure that the supervisory structure for all the blockchain initiatives is properly set forth instead of them trying to delay the structural implementation in an attempt to attract as many fintech entrepreneurs as possible in a shadowy legal environment.

ICO initiatives with a clear set of goals and well-structured roadmaps will see the most success because of the Cayman Islands’ vigorous legal and regulatory ethos, not despite it.

Case study: Block.one

*Source: https://hackernoon.com/best-countries-for-ico-ef710ace2785

It appears the Cayman’s are a great place to domicile if not then just to incubate your ICO / Project and then take it to another jurisdiction. Singapore and Switzerland come with a cost in more fronts than one. If the cash is on hand to look at Switzerland and or Singapore it is advised to look into it early on. Shop your project around, you can find some world class legal support and investors overseas that sells out your coin offering sooner than you think.

On the other hand, the Cayman’s offer a rapid and safe sandbox and a long term solution for a world class cryptocurrency project / company / foundation. With regulation and red tape the cost of formation and compliance is decidedly more favourable in the Cayman’s for an upstart coin project. If participants believe in the platform and the directors the jurisdiction it legal is domiciled in are of no concern and does not necessarily mean a red flag. There is Old / Big money on the islands as it is notoriously known for. In conclusion a funds strapped crypto / blockchain project or ICO might well find world class counsel, savings, and favorable legal safe haven.

  1. *ICO tokens are less likely to be classified as securities, making them less subject to “harsh” regulatory oversight
  2. *Supportive community/governmental bodies are present, encouraging the fintech startups’ development

If you are looking for advisement for your blockchain project please feel free to contact me if you believe we should talk or even collaborate.

Contact me @: enetworkassociates@gmail.com

If you appreciate this article you can show your appreciation liking and sharing and by donating

https://e-networkassociates.com – Twitter – @cryptoguild

Paypal: enetworkassociates@gmail.com

USDT DEPOSIT ADDRESS:  “1MaGpn3ZzrKF3357vteHDf8np9M5pb96YN”

USDT DEPOSIT ADDRESS: "1MaGpn3ZzrKF3357vteHDf8np9M5pb96YN"
USDT ADDRESS: “1MaGpn3ZzrKF3357vteHDf8np9M5pb96Y”

BITCOIN – Deposit Address – “1L6cbfBk6w3KCVMowFUj3rwM8jSryBQsHp”

BITCOIN – Deposit Address – “LgLgcxcPAdCgdTaWjLWWbN4mTGBSpC3tRu”












Choosing the right jurisdiction is key. What an ICO should be determining early in the formation stages.

Choosing the right jurisdiction is key.

Your ICO or one that you are looking at participating in, does it pass the Howey test and will it remain in compliance?

As for the USA… You and your team should have a firm grasp of what you are proposing to offer the public and where.

The Supreme Court, in issuing its decision finding that the defendants’ leaseback agreement is a form of security, developed a landmark test for determining whether certain transactions are investment contracts (and thus subject to securities registration requirements). Under the Howey Test, a transaction is an investment contract if:

It is an investment of money

There is an expectation of profits from the investment

The investment of money is in a common enterprise

Any profit comes from the efforts of a promoter or third party

Although the Howey Test uses the term “money,” later cases have expanded this to include investments of assets other than money. The term “common enterprise” isn’t precisely defined, and courts have used different interpretations. Most federal courts define a common enterprise as one that is horizontal, meaning that investors pool their money or assets together to invest in a project. However, other courts use different definitions.

The final factor of the Howey Test concerns whether any profit that comes from the investment is largely or wholly outside of the investor’s control. If so, then the investment might be a security. If, however, the investor’s own actions largely dictate whether an investment will be profitable, then that investment is probably not a security.

Substance Over Form

In deciding Howey, the Supreme Court created a test that looks at an investment’s substance, rather than its form, as the determining factor for whether it is a security. Even if an investment is not labeled a “stock” or “bond,” it may very well be a security under the law, meaning that registration and disclosure requirements apply. After the creation of the Howey Test, some promoters masqueraded securities to try and escape registration requirements (such as by calling an offer of securities an interest in a general partnership). To deal with these charades, courts look at the economic realities behind an investment scheme, rather than at its name or form, to determine whether it is a security.

If an investment opportunity is open to many people, and if investors have little to no control or management of investment money or assets, then that investment is probably a security. If, on the other hand, an investment is made available only to a few close friends or associates, and if these investors have significant influence over how the investment is managed, then it is probably not a security. Source: https://consumer.findlaw.com/securities-law/what-is-the-howey-test.html

Seek legal advisement. Secure legal advisement. Follow legal advisement

Blockchain startups like many starts ups are cash strapped. One of the things that in the early stages that goes neglected is a legal budget. If your ICO whitepaper is showing real promise and value, an early stage partner that happens to be in law could well be a perfect match for you if you have not made already made plans for in house or general counsel.

In the crypto space it is not odd to offer a lawyer or law firm your token in lue of cash or tokens and cash or a mix of various instruments. They could well see that shaving off the legal bill in whole or in part depending on what you negotiate could well be in thier best interest and yours if they have a stake substantial enough. Just like any other “partnership” or venture agreement.

Choosing the right jurisdiction is key.

Analysis

Given the data, we will look at the following countries/territory for our analysis:

  • Singapore
  • Switzerland
  • Cayman Islands

~Cayman Islands~

Though not a country, this British Overseas Territory boasts itself as being one of the most interesting regions for structuring an ICO. Through its stable political and legal platform, it has seen many offshore company formations, many of them being institutional clients as they prefer vigorous regulatory and legal frameworks pertaining to the international standards, rather than operating under a merky regulatory environment which would be more adapted to speculative initiatives.

This strong regulatory and legal ethos naturally makes this BOT one of the most attractive and reliable areas to start an ICO.

At the same time, one of the concerns for those thinking of starting an ICO campaign is to understand the nature of the token issued. Specifically, if it passes the Howey test (as described above) it will be considered as security, potentially exposing itself to the purview of SEC and other regulatory bodies’ oversight. However, some experts suggest that the definition of “security” as specified by the Cayman Islands’ related legislation does not apply to an ICO token, a favourable factor that facilitates the token sale process.

Although there still exists certain degree of legal ambiguity in its crypto ecosystem, we see this as the country’s regulatory authorities taking time to ensure that the supervisory structure for all the blockchain initiatives is properly set forth instead of them trying to delay the structural implementation in an attempt to attract as many fintech entrepreneurs as possible in a shadowy legal environment.

ICO initiatives with a clear set of goals and well-structured roadmaps will see the most success because of the Cayman Islands’ vigorous legal and regulatory ethos, not despite it.

Case study: Block.one

*Source: https://hackernoon.com/best-countries-for-ico-ef710ace2785

It appears the Cayman’s are a great place to domicile if not then just to incubate your ICO / Project and then take it to another jurisdiction. Singapore and Switzerland come with a cost in more fronts than one. If the cash is on hand to look at Switzerland and or Singapore it is advised to look into it early on. Shop your project around, you can find some world class legal support and investors overseas that sells out your coin offering sooner than you think.

On the other hand, the Cayman’s offer a rapid and safe sandbox and a long term solution for a world class cryptocurrency project / company / foundation. With regulation and red tape the cost of formation and compliance is decidedly more favourable in the Cayman’s for an upstart coin project. If participants believe in the platform and the directors the jurisdiction it legal is domiciled in are of no concern and does not necessarily mean a red flag. There is Old / Big money on the islands as it is notoriously known for. In conclusion a funds strapped crypto / blockchain project or ICO might well find world class counsel, savings, and favorable legal safe haven.

  1. *ICO tokens are less likely to be classified as securities, making them less subject to “harsh” regulatory oversight
  2. *Supportive community/governmental bodies are present, encouraging the fintech startups’ development

If you are looking for advisement for your blockchain project please feel free to contact me if you believe we should talk or even collaborate.

Contact me @: enetworkassociates@gmail.com

If you appreciate this article you can show your appreciation liking and sharing and by donating

https://e-networkassociates.com – Twitter – @cryptoguild

Paypal: enetworkassociates@gmail.com

USDT DEPOSIT ADDRESS:  “1MaGpn3ZzrKF3357vteHDf8np9M5pb96YN”

USDT DEPOSIT ADDRESS: "1MaGpn3ZzrKF3357vteHDf8np9M5pb96YN"
USDT ADDRESS: “1MaGpn3ZzrKF3357vteHDf8np9M5pb96Y”

BITCOIN – Deposit Address – “1L6cbfBk6w3KCVMowFUj3rwM8jSryBQsHp”

BITCOIN – Deposit Address – “LgLgcxcPAdCgdTaWjLWWbN4mTGBSpC3tRu”












CPS Coin Update and Information

CPS Coin has proven to be a bigger success than anticipated amongst our merchants and our community. Since the end of the airdrop and release of the coins on July 1st, 2018, CoinPayments has seen over 4,000 transactions made with CPS coin, resulting in thousands of dollars in fees saved by our users! CPS Coin was also used to purchase over 1,800 $PayByName subscriptions.

Now that the initial stages of the launch are complete, the real work has begun to further develop partnerships and build out the functionality of CPS Coin on the CoinPayments platform. Presently, CoinPayments offers the following uses for CPS Coin:

  1. Payment Processing Fee Rebate: As long as you have any balance of CPS Coin in your account, you can qualify for a 50% rebate of all payment processing fees (payable in CPS Coin). To enable this feature on your account, make sure to check the box in your Account Settings
    Enable Processing Fee Rebate (Paid in CPS Coin)
  2. 2x Affiliate Commissions: As an affiliate, you will earn 25% of all processing fees we collect from accounts that you refer through your affiliate link. Affiliate payments are paid the in currency collected during the payment process, however if you agree to accept your affiliate commission payment in CPS Coin then we will pay you double the amount! To enable this feature, make sure to check the box in your Account Settings.
    Enable 2x Affiliate Commisions (Paid in CPS Coin)
  3. Staking Rewards: By staking your CPS Coins, you will earn 25% annually on the balance of CPS Coins staked. Staking rewards are paid on the 1st of each month and to qualify, you need to have your staked coins Vaulted for the entire prior month. Vaulting is a security feature offered by CoinPayments that locks your coins for a set amount of time before allowing access to them after unlocking/unvaulting them. To enable the Vaulting feature and qualify for the CPS Coin staking rewards, go through the Vaulting process from the CPS Options button on the wallets page.
    Use the Lock in Vault Feature
    Set the Time Lock for the Vault Feature
  4. ICO Participation: CoinPayments works with many companies looking to launch their ICO and use CoinPayments to accept payments in many of the coins we support – including CPS Coin. You can use your CPS Coin to participate in select ICOs hosted by CoinPayments. Currently you can use CPS Coins to participate in the ShelterDAO ICO via our CPSICOs Marketplace or you can participate in the SecurCoin ICO directly from the dashboard wallets page.
    Use CPS Coin to Participate in the Securcoin ICO
  5. Coin Hosting: If you are part of the core team of a new coin looking to increase adoption through being added to the CoinPayments platform, then our Coin Hosting Solution is an ideal strategy and requires CPS Coin to pay the deposit. Being added to the CoinPayments platform allows businesses to start accepting your coin via any of our prebuilt plugins and integrations for all the major ecommerce platforms, instead of you having to code your own!
  6. $PayByName Purchase$PayByName is a unique tag/identifier linked to your CoinPayments account, allowing you to receive payments from all supported coins by having them sent to your $PayByName instead of different wallet addresses. $PayByNames can be registered through the dashboard and only cost $1.99 per year!

While it’s clear that we at CoinPayments have been hard at work creating the above current uses of CPS Coin, there is still a lot to come as we are not even 1 month into the release of the coin! For a quick summary of the plans for CPS Coin, take a look at the explainer video below or visit the Official CPS Coin Website for full details.

How to Buy CPS Coin?

If you’re interested in taking advantage of the current and future benefits and uses of CPS Coin, we sell the coin directly from the CoinPayments dashboard at a fixed rate of €0.10 per CPS Coin (plus any ongoing promotions). All you need to do is load your CoinPayments account with any select supported coins and then convert them into CPS Coin. Read the step by step tutorial on How to Buy CPS Coins for more details.

CPS Coin Relationship to Syscoin

CPS Coin is closely tied to Syscoin because it is the first asset built on top of the Syscoin blockchain. What exactly does that mean? Well, just like ERC20 tokens exist on the Ethereum blockchain and require ETH to pay gas when transacting, there is a similar setup for CPS Coin. CPS Coin is an asset/token built on the Syscoin blockchain and requires a small amount of SYS to pay transaction fees. So, if you want to send CPS Coin, make sure you have a bit of SYS in your CoinPayments account to cover the sending fees. Alternatively, you can send CPS Coin to a $PayByName and there will be NO SYS required for fees. Read a more in-depth explanation on how to store, send and receive Syscoin assets within the Syscoin ecosystem.

NOTE: The SYS Asset ID for CPS Coin is: 777845ced7b6022b

CPS Coin Community

We are so thankful for the community surrounding both CoinPayments and CPS Coin and we could not have gotten to where we are without you all! So, we want to extend a HUGE THANK YOU to all of you!

Amongst the many active voices of our community, one stands out in particular – a member by the name of Bruce Bates, who reminds us how one person can make a world of difference! CoinPayments wishes to extend our sincerest gratitude to Bruce for his relentless work toward educating our users within the CPS Coin Official Telegram Channel, where he answers the question “how do I convert my CPS Coins?” at least 10 times a day! He even created a step by step guide on how to sell your CPS Coin on Syscoin’s Blockmarket.

For more answers to some of the most common questions about CPS Coin, listen to Christina and Samir answer them in the exclusive interview by Crypto Canal below.


Stay in Touch

To keep up with the latest updates about AltCoin and CoinPayments, make sure to follow us on Twitter or, join the Telegram Group or follow to our Facebook

A common language lesson on – What is Blockchain? – VIDEO – Citi Innovation Lab

Shai Rubin gives you a world class simple to understand and follow as to what the blockchain is and in specific an open immutable distributed ledger aka blockchain / tokens / cryptocurrency / smart contracts / distributed databases / etc.

In under 15 minutes! 

A common language lesson on what it is. If it cannot be explained simply or commonly then the one does not have a commanding grasp of what Bitcoin / Altcoin and a blockchain is and is not.  Citi Innovation lab is in good hands 🙂

Blockchain explained. Shai Rubin, CTO of Citi Innovation Lab, explains in an easy and simple way the basics of blockchain.

Documents ICO Investors Often Overlook

The first thing blockchain enthusiasts engage with when they hear about a new blockchain startup is its landing page. Here, they should find links to all the important documentation that relates to the project, such as a white paper, a one pager, and a presentation.

[Note: This is a guest article submitted by Nick Evdokimov]


All of these are vital to a potential user or investor’s evaluation. A white paper should provide information on the token economy, the business model, and the team of a blockchain startup. Accordingly, the one pager should be a short “elevator pitch” that summarizes all the important aspects that the white paper covers at-length. Then we have a presentation, which is somewhere in between the two. This should provide investors, funds, and final token holders with an overview of the startup’s business and how the token is connected to it.

Legal Opinion

However, there are other aspects to take into consideration before making any ICO investment that are easy to forget. Perhaps the first of these is the legal opinion, which should be provided by the lawyers who have counseled the startup. They should inform potential investors on the token’s compliance with all the relevant regulations.

It doesn’t matter if it’s a utility token, or a security token, it’s important to have a document that confirms the legal stability of the business and the ICO itself. Besides investors, this legal opinion will also be requested by blockchain exchanges prior to any token listing.

Issuer Registry

Documentation on where the issuer of the token is registered is also necessary. This should be requested from the startup and analyzed carefully. For instance, if a token issuer is registered in the Singapore jurisdiction, it’s wise to check the registration numbers and make sure that the project is actually on this registry. It’s a good way to confirm the startup’s transparency and make sure it’s not a scam or a fraud.

Fund Arrangements

Another thing to search for is if a startup has signed agreements with funds for token sales. These might indicate that its business model is in good standing. A deal with a fund is particularly positive because they buy tokens in bulk and then participate in the life of a startup, helping to sell tokens and increase the user base.

Technical Documentation

Then, there is the technical aspect. The code of a startup’s smart contract is usually published on GitHub, along with a description and other accompanying documents. It’s good to have access to these links and review them with an expert if possible. This is a sign of transparency from a startup.

ICO

Community

Finally, a startup should provoke enough social media activity, especially during the ICO. Checking up on a project’s Telegram, Twitter, Facebook, or other communities gives investors information on what is happening with the startup’s team. Ideally, they should be engaging constantly through these platforms, answering questions and providing any extra information. Also, their accounts should have a healthy number of subscribers and followers.

These are all things any blockchain investor should look into instead of just skimming through a white paper. Any responsible startup would happily provide all this information to potential token holders and users, so nobody should hesitate to ask. One should always be thorough when doing research in the blockchain market.

About Nick Evdokimov

Nick Evdokimov is a serial entrepreneur who first achieved success through his contributions to search engine optimization. Further accomplishments followed him as an investor, token designer, blockchain evangelist, fintech leader, and author of seven marketing books, including a textbook on contextual advertising for MBA students.

He is now a leading expert in the field of blockchain technology and Initial Coin Offerings (ICOs). After becoming involved with cryptocurrency mining, Nick went on to develop more than 40 tokens as an engineer. He has also invented a model for conducting mixed deals in which investors buy equity and conduct hedging transactions.

Nick is the founder of ICOBox, the world’s largest service provider for ICO solutions. With a total capitalization above $500 million, the company has attracted more than $1 billion in ICO investments for its customers as of 2018.

Visit Nick’s website to stay in touch.

Watch Nick’s YouTube channel

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Disclaimer:

This information is the opinion of the provider and is for informational purposes only. It is not intended as and does not constitute investment advice or legal or tax advice or an offer to sell any securities to any person or a solicitation of any person of any offer to purchase any securities. This information should not be construed as any endorsement, recommendation or sponsorship of any company or security.  There are inherent risks in relying on, using or retrieving this information.  Seek the advice of professionals, as appropriate, to evaluate any opinion, advice, product, service or other information provided.