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 EZEZ85 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:

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Ripple and XRP for the Corporate Treasurer

/CORPORATE TREASURY

Ripple and XRP for the Corporate Treasurer

Ikaros Matsoukas

Ikaros Matsoukas

FRM, treasury & risk management consultant, ∂ banking tech, and blockchain. History & photography escapist. Raised in Athens, adopted by London.

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“Isn’t Ripple only for banks? What can it do for our Treasury?”

tl;dr : Not all payments are created equal. Treasurers around the world feel the correspondent banking model inefficiencies, but the ones transacting in less liquid currencies suffer more. The adoption of Ripple’s solutions can result in lower fees and reduced risk, offering tremendous benefits to Corporate Treasuries. Certainty over settlements will also aid key treasury processes (e.g. more accurate cash forecasting) and can contribute to the overall stability of the business environment. The new payments technology landscape can open up new treasury operating models and reinforce the role of Treasury as a strategic partner to the business.

Intro

As a treasury & risk technology consultant, I am often asked about Ripple. “What can Ripple do for Corporate Treasury?”. “Is it only for banks? How would it fit in the current system architecture and our Treasury policy?”.
In this post, I will try to answer these questions and give some of my thoughts on the technology.

The (Treasury) world around payments, and Ripple

Even before the blockchain wave of interest (call me “hype”), payments have been in the spotlight for a few years. Technology innovation, new EU (PSD2) and UK (Open Banking) directives, as well as SWIFT’s gpi initiative, are stirring the waters, while some processes remain stuck in the previous century.

Despite the technological advances of the sector, if you are a Treasurer who wants to send a cross-border payment to or from a non-European country and your banking partner is not within the gpi network…you are in bad luck: Your payment will still need 2–3 (or more) business days to settle, the transfer will be costly, and during that time you will have virtually zero visibility of your funds’ tracks.

This happens due to a combination of the process architecture (correspondent banking), the limitations of the technology (unidirectional messaging) and a bad habit of some banks to add various fees along the way.
In a not uncommon scenario, that one payment will need to mobilise the ledgers of three or four banks. Your bank, your bank’s correspondent bank, the beneficiary’s bank and the beneficiary’ bank correspondent bank.

1-4oUzc2IobAgpmBdIEkEpMg

It is becoming clear that a distributed ledger solution would make the most sense here. If these three or four banks shared a common ledger, interbank reconciliation could be almost instant and the payment would settle immediately. In fact, the whole correspondent banking system could be placed into question as the business model would thoroughly change.

But let’s take things from the start:

What is Ripple offering?

Ripple offers three products:

  • xVia: A payments interface
  • xCurrent: A settlements solution for banks
  • xRapid: A liquidity solution

What is xVia doing for the Corporate Treasurer?

Have you used Alliance Lite 2 to track your company’s payments through SWIFT? (often, to find out that you need to pick-up the phone and call your bank to ask about that NACK message). Think of xVia as a connector to a payments network (RippleNet) which comes with an application similar to Alliance Lite 2 or to the new SWIFT gpi Tracker, adding features such as the ability to attach invoices and other rich data.

So, your TMS or ERP payments gateway would interface with xVIA’s API, sending instructions and receiving confirmations through RippleNet.

1-001osWuyT_SbglmbwZgR_Q@2x
Ripple’s xVia [source: ripple.com]

Wait, you said “RippleNet”? That means we should connect our Treasury system to RippleNet instead of SWIFT?

It could connect to both, but that would probably be quite costly (paying subscriptions to keep both channels open). Using RippleNet as a Treasurer, you are limited to the network of banks signed with Ripple. While its size (~100 members) cannot be compared to the 11,000-members SWIFTnet, RippleNet has seen a very good growth with some of the world’s biggest banks (MUFG, Mizuho, Credit Agricole, Santander) connected to it. To be fair, RippleNet’s size is actually comparable to that of gpi (~160 banks, according to SWIFT). Moreover, RippleNet members can also be SWIFT members, so if your Treasury’s only or main banking partner is one of them, the migration to Ripple would probably cause no stress to your existing banking relationship.

What does xCurrent do for the Treasurer?

If you are a non-bank Corporate Treasurer interested in Ripple, xCurrent is not your worry. Not that it is a less important component. On the contrary, xCurrent is the solution which enables your banking partner to achieve near-instant settlement of payments, and thus benefiting your business. Let’s see in brief what happens between the banks:

1-yQTJcdTxy8wcxW66GoOcuw
“xCurrent is for banks” [source: ripple.com]

When a payment in xCurrent is initiated, banks exchange KYC/AML information. The screening completes in seconds through xCurrent bidirectional messaging. This eliminates a common bottleneck of the traditional payments system, where correspondent banks would sometimes require additional information as part of KYC/AML processes. Treasurers often find out that after initiating a USD cross-border payment (under the current model), the correspondent bank blocks the transfer, leaving everyone in the dark for at least one business day, until the back office provides assurances that the payment will not benefit sanctioned individuals or countries.
Following these checks in xCurrent, the transaction cost is calculated and the banks settle the payment instantly on ILP Ledger (Interledger Protocol Ledger), which is a subledger of each transacting bank’s general ledger.

1-wVQqBkpIfORJLSswUfVPtg
xCurrent architecture [source: ripple.com]

Where does XRP (the digital asset) fit in this?

So, let’s imagine your TMS is connected to xVia. Payments along with invoices and other data are sent through the API, your banking partner settles the payment through xCurrent and the payment reaches the beneficiary’s bank.

**However, not all payments are created equal:
**

As we saw above, along the journey of the payment through xCurrent, there is an FX conversion stop. In case you are in the UK and you want to pay a supplier in a eurozone country, your bank feels comfortable that the market will be providing enough GBPEUR liquidity and that the FX quote they get will always be a very reasonable one. It could also be the case that your bank itself acts as a liquidity provider. As a corporate, you can expect lower fees and shorter processing times. Let’s call this, scenario A.

Now imagine a different scenario, let’s call it scenario B, where you are a Treasurer in the UAE (Group currency: AED) and your supplier is in Morocco. The payment should be made in Moroccan Dirham, MAD. Under the current SWIFT model, the friction would be enough to make any Treasurer..mad (pun intended): Your UAE Bank would send the payment to its correspondent bank, the correspondent bank would send it to the Moroccan Bank’s correspondent Bank and then it would reach the beneficiary’s account. Needless to say that the fees of four banks and the currency conversion spreads (possibly AEDUSD and MADUSD) would add significant cost. Add the likely KYC/AML delays during USD clearing and you have a perfectly inefficient process. Using xCurrent, your banks would alleviate the pain with shorter timeframes and guaranteed best FX execution, but the need to use multiple nostro accounts of illiquid currencies wouldn’t be eliminated.

Sadly enough, scenario B is the norm for many Treasuries around the world which are not in Europe or North America. Treasurers have either decided to swallow the exorbitant fees or have tried to mitigate the cost by maintaining subsidiaries accounts in countries where they have considerable business activity. The latter practice introduces additional FX risk for the Group, operational burden to manage the accounts and it has, of course, an adverse effect on the company’s liquidity.

Enter xRapid.

Ripple’s xRapid enables xCurrent members to use XRP (the cryptocurrency aka digital asset aka native token) as a bridge currency in order to settle payments. Under the scenario B above, this could happen in multiple ways:
1-eBFIGzJJMRI0M3EAtn5V9g

The simplest one (shown above) would require your UAE bank and your supplier’s Bank in Morocco to have pre-funded ILP accounts with XRP. As you send the payment, the bank converts your AED into XRP and settles the amount with your supplier’s bank in XRP. The Moroccan bank then converts the XRP into MAD and credits your supplier’s account. Alternatively, one or both banks wouldn’t need to maintain pre-funded XRP accounts but instead, they could request XRP liquidity on-demand from market makers.

In all cases, the need to maintain nostro/vostro accounts is eliminated. Capital is freed from sitting idle in correspondent bank accounts and as XRP transaction costs are minuscule (*), banking fees would be much lower.

To give you an idea about how minuscule the XRP costs are, please take a look at the posted transaction below, from May 24. The fee to transfer over 50 million XRP (> $30 million at that day’s market price) was 0.0000072 USD. Yes, you read well.
Screen-Shot-2018-06-05-at-13.27.17
source: xrp charts

Where is the caveat?

Ripple has taken the lead in payments innovation. But it has also received some criticism, mainly because of XRP. Criticicm has come from inside the crypto-world, as a number of enthusiasts have claimed that the design of the XRP ledger is not doing a good service to the decentralized vision or the community; but criticicm has also come from the business world, with some commentators arguing that XRP will not serve its purpose and xRapid will not be used by banks.

Ripple’s vision with XRP is indeed a bold one. One can endlessly debate on the crypto-community’s decentralization concerns, but, on the business world, Ripple will have to overcome a number of regulatory obstacles. Is XRP a security or a commodity? Will banks hold XRP in order to use it for settlement of cross-border payments? If not, meaning that they will rely on liquidity providers, what will ensure the availability of the providers in times of stress? If banks fund own accounts with XRP, how will these assets be defined in the books and how risk will be measured in order to meet capital regulations?

This is a very interesting discussion but the analysis is beyond the scope of this post. Ripple has been engaging with regulators globally and has provided answers to the above questions. Regulators might also find out that Ripple’s solutions can make their task easier.

Nevertheless, a transparent cross-border payments solution which settles within a few seconds and which is ready to be deployed today, offering tremendous benefits to Corporate Treasuries, is very hard to be ignored.

Where are we now in terms of market adoption?

  • Santander launched a mobile app for cross-border payments which uses Ripple’s distributed ledger technology.
  • Western Union and Moneygram are testing Ripple’s technology for payments.

The above is just a sample. There is a growing number of companies who have disclosed that they are testing or even deploying Ripple’s solutions into production.

Is SWIFT doomed?

SWIFT has announced that it is testing blockchain for payments with mixed feelings. The gpi launch, which promises intraday settlements and transparency over fees and FX rates, has been a great success for a number of banks and their customers, but it remains a distant reality for the majority of financial institutions and Corporate Treasuries.

SWIFT is enjoying a dominant market position and, although quite costly at times, the current process is a far too familiar one for Treasurers to replace it with a new one. Ripple’s suite is ready and robust, but it needs the network effect to speed up market adoption and to establish itself. Until then, SWIFT has a — limited in my opinion — time window to reassess its strategy.

What should the Corporate Treasurer do?

As with every period of rapid innovation advancements, there are only two choices: Treasurers can either adopt a wait-and-see stance or take an active approach and dip a toe in the blockchain ocean.

In case they choose to be actively involved, Corporate Treasuries can connect their TMS or ERP payments gateways with xVia and start processing payments through RippleNet. If your main banking partner is a member of RippleNet, it is definitely worth discussing with them on the viability of switching. As shown in the below diagram, a case study should take into consideration a number of factors such the destination of your usual/regular vendor payments, the appetite to disrupt existing banking relationships, etc. After all, when the disruption game is over, Corporate Treasuries will be the ultimate winners, enjoying lower payments costs and better visibility of their funds.

1-JQMA0yF2p4g2_mcJBRepBA

Conclusion or…“Do we really need instant payments?”

This is something that comes up quite a lot: “Treasuries will be more than fine with end-of-day settlements. Instant payments will not add any real advantage to the current processes and policies of many Corporate Treasuries”.

Despite being a legitimate argument, it can easily be contested:

First, we are still very far from even considering end-of-day settlements as the norm.

Second, the eliminated settlement risk and the certainty over fees and processing times, will contribute to a more stable business environment. Treasuries will be able to allocate freed liquidity in more efficient ways and cash forecasting will become more accurate.

But, the noteworthy keyword in the above question is “current”. As technology evolves, Treasury processes adapt in order to make the most of the advancements. How much easier was Hedge Management made since robust TMS’s included this functionality? And on the other side, how many TMS projects have disappointed because of the fact that the business processes were not properly redesigned or evaluated before the implementation?

Having the ability to settle cross-border payments instantly, with much lower risk and significantly reduced cost will open up the potential of new business processes and operating models and will reinforce the role of modern Treasury as a strategic partner to the business.

Could that lead to a new in-house bank operating model in the future? Possibly, but this is for the next post.

Thank you for reading 😊

For any questions or suggestions, get in touch: linkedin.com/in/ikarosmatsoukas

QuazarCoin is set to be delisted! – QuazarCoin (QCN)

QuazarCoin @QuazarCoin The star of cryptocurrency world. QuazarCoin [QCN] protects your data and privacy through untraceable and unlinkable transactions with ring signatures. quazarcoin.org Joined May 2014
QuazarCoin @QuazarCoin The star of cryptocurrency world. QuazarCoin [QCN] protects your data and privacy through untraceable and unlinkable transactions with ring signatures. quazarcoin.org Joined May 2014

Quazarcoin.org
QuazarCoin @QuazarCoin QuazarCoin (QCN)

Quazarcoin.org is down…

Twitter has no updates…

I too saw MinerGate Mining Pool delisting

Notification re: QuazarCoin.
You have until August 31 2018 to wallet them off MinerGate.

 

I guess we watch and see.

Please like and share if you have ever mined or traded in QuazarCoin.
Thanks.

 

QuazarCoin Official Twitter

QuazarCoin.jp (JAPAN)
quazarcoin.jp’s server IP address could not be found.
@QuazarCoin_jp
QuazarCoin.jpは、QuazarCoinコインQCNの最新情報をお届けしていきます。#Bitcoin #Litecoin #Dogecoin

What is CryptoCurrency?

What is CryptoCurrency?

A cryptocurrency is a medium of exchange like normal currencies such as USD, euros, CNY Chinese Yuan, but designed for the purpose of exchanging digital information through a process made possible by certain principles of cryptography. Cryptography is used to secure the transactions and to control the creation of new coins. Cryptocurrencies use decentralized control as opposed to centralized electronic money/centralized banking systems. The decentralized control is related to the use of blockchain transaction database in the role of a distributed ledger.

SVG Illustration

02.

What is Bitcoin (BTC)?

Bitcoin is a digital currency created in 2009 by an unknown person using the alias Satoshi Nakamoto. Simply put, bitcoin is a digital currency. No bills to print or coins to mint. It’s decentralized — there’s no government, institution (like a bank) or other authority that controls it. Owners are anonymous; instead of using names, tax IDs, or social security numbers, bitcoin connects buyers and sellers through encryption keys. It allows anyone to send money anywhere without the need of an intermediary.

SVG Illustration

03.

What is Crypto Mining?

We will use Bitcoin mining to illustrate. Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the blockchain. The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle. Mining is also the means through which new bitcoin are released… Miners are rewarded with bitcoin when their computers solve the complex computations. Sometimes, two competing blocks are formed by different miners. The block with the largest total proof of work embedded within it is chosen for the blockchain.

SVG Illustration

—> CREDITS CRYPTOCURRENCY CRED CX : JULY – AUGUST COMMUNITY UPDATES AND RUNNING ANALYSIS

https://new.reddit.com/r/CreditsCryptocurrency/comments/937w1n/we_need_to_talk_about_credits_llc_re_cfo/

We entered into August 2018 now a full 7 months after the launch of Cred CX @ Credits.Energy

As the jingle goes we have been hearing “Credits Cryptocurrency, Supports Green Energy”

Many are only waiting to have an exchange listing…. Many are questioning what they really have received after they paid for their Cred CX coins.
Most do not know they are still waiting for an actual Cred CX cryptocurrency coin.
If you read this I hope it will help educate some on matters of a cryptocurrency the one in review here is based upon cryptonote – The most popular cryptocurrency like Cred CX is Monero.

I would go over the last 7 months but there is little to Report. So little to report that Credits has not released a much anticipated end of July update as they did with the end of June. The end of June report was mostly about challenges and future or forward thinking and goals. Nothing in the way of a verifiable blockchain / coin.

Some ICO fundamentals:

~Dollars and Cents~
How well did the pre ICO and ICO and Now crowd sales do from a financial perspective is not clear to to purchasers and or investors alike.
The only thing I find is that in a May 2018 they edited the timeline infograph they ~ failed to reach the softcap of 100 million Cred CX sold. They have subsequently said that they have exceeded the softcap but have not made known a hard cap, nor do we know how many Cred CX where purchased as of this date.

As well they also have not published any official figures from their corporate offices regarding bonuses, incentives, airdrops or other distributions etc. This in addition to corporate distribution among themselves and their stake or holdings, the company, and what appears to be a un published foundation or “entity”, there are no details about any such entity as of yet in our knowledge. Perhaps the whitepaper plans have changed again with out noting public revisions.

We do know that they are still taking orders for Cred CX and are reportedly going to “explore” merchant account options. July saw Paypal suspended on Credits.Energy website. Another red flag.

Our analysis leads us to think it went something like this…
Read the following:

Hello xxxxx,
We are writing to you in regards to your PayPal Account.
PayPal appreciates that you have chosen us to accept payments for your business. A periodic review of your account shows that you are cryptocurrency trading using PayPal.

However, unfortunately we have determined there to be excessive risk involved with the business model that you engaged in using PayPal. While we wish you the best of success in your future business endeavors, we respectfully ask that you seek another method of payment for the online business.

Your remaining balance will be held in your PayPal account for 180 days from the date your account was limited. After 180 days, you will be notified via email with information on how to receive your remaining funds.
We deeply regret any inconvenience this matter may cause you.
Sincerely, PayPal Compliance Department PayPal”

^^The above was of an IOTA trader a well established coin.

Cash is still king with this ICO it appears.

Looking at their past known published crypto addresses used at some time over the last 7 months to receive crypto payments for orders of Cred CX it reveals “nominal” volumes. The current address advertised shows zero activity for in puts and out puts at the time of this writing.

I it is another cleaning of the crypto slate as it where. No update notification has been given of the change on social media other than now perhaps here. By publishing the explorer to their adresses and hashes here I am not promoting anything.

You can explore them here:
Bitcoin: https://www.blockchain.com/btc/address/1JFz4UHRrsKnL5aGj5V87FxFz7RxAmDJ3m?sort=0

Ethereum: https://etherscan.io/address/0x8ca65a6e0839ea2de06e0741b6325b9629eff928

With out the public having kept track of previously published address one would not know that they raised anything via crypto during this ICO and the pre ICO based on currently available data.

Please see this post for IMPORTANT INFORMATION: https://new.reddit.com/r/CreditsCryptocurrency/comments/937w1n/we_need_to_talk_about_credits_llc_re_cfo/

~ EXCHANGE LISTING/S ~
There is no data to reference as to who Credits llc has been in talks with or what applications they have submitted to whom. They say that is what they are doing still. Acceptance is reported to have been granted by two exchanges as to why thy have not taken the listing offer and acted upon it until now is not clear at all.

They have said they want to get it just right and the coin was not ready for release and others agreed. I am presuming that includes exchanges feedback, with out comments on the acceptance and negotiating there is nothing definitive I can find to clarify anything re exchange listings chatter.
The exchange listing seems to be the number one question with Cred CX owners.

~CODE~
We did not see any new code commits to the official github. Reginald Gaines created the first cryptonote fork 2 years ago.
Forked from Appinvestor/cred and is found here: https://github.com/CreditsCryptocurrency/cred-1

Appinvestor Reginald Gaines aka Appinvestor a seemingly abandoned github account that points to a now defunct domain and email, attached to a Business “AppInvestor.Co Inc”
Seattle Wa USA
admin@appinvestor.co
http://www.appinvestor.co/

We do see the blockchain project for Cred CX “CRED-1” was updated 6 months ago on or about the time Reginald Gaines was last known to be developing for Credits LLC.

Reginald Gaines was known by me to have been paid by the founders based on past phone conversations,

In fact I advised founder Luke to cut him loose as he was at the time failing to deliver as contracted and development of the blockchain rested solely with him. He was holding the project up and I advised Luke to not be held hostage by a prepaid contractor and take the loss and move on quickly. Last conversation I had with him about it in Feb 2018 he reported to me that he had candidates lined up to replace him.

Mobile apps:
Bidhan Baral Co founder of Technojagat.com is said to be responsible for the android and iOS apps. We are not certain that what Bidhan and or others @ Credits in collaboration have released is a cryptocurrency / blockchain wallet. On Andorid the back end is served by firebase.google.com
Firebase is built on Google infrastructure and scales automatically, for even the largest apps.

Firebase is not a open distributed ledger aka blockchain. Credits plans to include a credits run private (in app) auth network in tandem with an actual open distributed ledger. How they have implemented this is unknown.
App Store Preview gives it a 5 out of 5 out of 8 Ratings currently.
The current progress report is minor setbacks re the mobile miner. No reports on any Windows, Mac, Linux wallets, or mining pools. As for as we know there is no published list of mining nodes or if code exist for “testnet” and or actual mining.

We have seen no community activity among miners to create their own pools to Mine Cred CX and there are literally billions that need to be mined.
What kind of computing infrastructure is Cred CX relying on in the future or have already deployed the blockchain on, who are the service providers, they are part and parcel to a healthy “ecosystem” who are the supply partners?
I am not convinced that withholding details about logical questions asked of a blockchain company start up, or not, is good for business.

The current advertised CTO @ Credits.energy is Justin Farmer, he has a previous private relationship with Rick Floyd CEO before both of them came to Credits.energy executive team.

He has been the chief technical officer according to the website since approx mid March of 2018…?

Justin’s code developments or those of others he is in charge of as CTO appear to be one of the most closely guarded secrets about Credits LLC’s coin Cred CX’s development, just as much as fundraising data and operations.

Although this is not a secret many people do not know about the webwallet (https://wallet.credits.energy/) that is believe to be in part coded by Justin and Bindam. There are no verifiable details known to me. It is the code that I can reference as proof of development and evidence of an accomplishment task as set forth in the companies whitepaper…

We do not believe it is a webinterface to an actual blockchain but the same corporate ledger as is found in firebase.google.com that drives the android app.

Why Credits LLC Cred CX did not update github over most of the life of this opensource code based project has no official explanation as far as we are aware. Why they have not released where the development logs and code are is a mystery to us.

We have to presume that there are in fact those things some where. Both developmentally as is financially this companies ICO has been anything but transparent where it matters most.

Lastly on the subject of this topic heading is Steven Crider the Sr. Product Analyst is hoped to be in a position to provide his analysis on the product.

~GREEN ENERGY~
“Kendra” highlights the relationship between Credits (CRED – CX) and renewable energy.
https://www.youtube.com/watch?v=YjSKSKMeK0k –
Published on 2 May 2018

^^That is pretty much all of what some know regarding aabout Cred CX and how it support green energy.

Last know relationship building with green energy groups was focused on Denver area associations.

A Missed speaking engagement.
Former acting CEO and Credits LLC’s founder Mr. Ingraham was said to have be confirmed as speaking on March 13th at Solar Power Mountain West about how Credits LLC via Cred CX is incorporating blockchain technology into the renewable energy sector. Mr. Ingraham was not able to attend that conference @ Colorado Solar Energy Industries Association (COSEIA).

Since that time there has been no updates regarding green energy relationships or building a community of interested parties in the purported solar energy project on the outskirts of Denver Colorado.

With out a doubt the real world clean or green energy producing project is the most significantly complex and challenging part for Credits LLC and it’s Cryptocurrency with a purpose .

It seems that Jared Wells has the best publicly documented insight on how credits is actually thinking in part what they are achieving in what can be called a Green energy Cypto Currency – A Crypto with a purpose.

“Credits.Energy, the “crypto with a mobile mining app that supports green energy,” aims to virtually eliminate the cost of supporting renewable energy. We asked Credits.Energy COO, Jared Wells, to explain what the current barri-ers to entry are in the renewable energy market:

“Mainstream adoption of solar and wind power is all about efficiency. Obviously, if I put a solar panel on my house, I need batteries to harness that power overnight, charge controllers to manage wattage and voltage, and a way to integrate that energy into the power system. These same basic components are required whether you have 1 panel or 400 panels . . . 1 turbine or 50 turbines. . . . So while the overall cost per watt in the solar and wind power har-nessing platform decreases incrementally by increasing the number of generation components involved in the sys-tem, it is inversely more expensive per unit of electricity to implement the smaller scale systems that can be afford-ed by an individual homeowner. In addition to that, there are so many people who live in leased or rented housing and are unable to attach solar panels or wind generators to their residences or who maybe just can’t afford to have their own system….

Credits.Energy intends to resolve this problem by allowing for simple purchasing and management of the CRED cryp-tocurrency token through their intuitive website and mobile applications. ”

Source: https://cryptogo.news/2018/04/21/pr-green-energy-crypto-credits-energy-ico-is-now-live/

Google search: Credits.Energy ICO is now live Jared wells

As it is with the CEO, CFO, CTO, and Developers, Operations @ Credits has very little shared data on the strides taken to invest into a green energy project/s on the outskirts of Denver Colorado. The location of the Solar Project remains undisclosed. There has been no comments by the COO Jared or press releases with regards to acquisitions, investment or strategic partnerships with any Green energy related entities to date.

Participants in this ICO who participated based on the green energy components are due for a long anticipated report on how their investment and purchases have contributed to green energy, the environment and how it has helped the Cred CX ecosystem” and various charities.

~Community and Ecosystem~
Other than this reddit and the Facebook & Twitter pages Credits does not have a perceptible community.

Some cryptonote forks attract anaon coin investors, cryptopunks, miners etc. As there is know known blockchain and wallet / node / miner for Cred CX it is no surprise they have not joined our ranks as of yet. There is always the future.
Adoption and traction take time and delivering open source software tools to the community to create an ecosystem / auth network and mine the coins as reward for participation in the auth network. Potentially billions and billions of of hashes waiting to make this a viable anaon coin.

As for Ecosystem there is none that we can speak of. One can use the apps or webwallet to send and receive in app tokens. The functionality is only extended to include the ability to send a one line note. We have not tested to see what is the character limit is or if it is encrypted and will be recorded on the immutable open ledger.

So as a community, or one on one, holders I suppose could use it as a message or note app. It would “cost” you 1 Cred CX per as many characters you can write in the line space provided.

Although Cred CX is as said as being based on cryptonotes cryptonight algorithm it shares the note feature.

XDN has built a solid cryptonote enterprise on this one feature. Cred CX is it’s sibling technically speaking.

“DigitalNote XDN is a decentralized private cryptocurrency. It is based on CryptoNote anonymous technology and has a unique untraceable encrypted messaging system with blockchain based staking for a defined period.” https://digitalnote.biz/

There is always a bright side and we hope Cred CX will come into that as soon as is possible. DigitalNote XDN had a name change and a history that had it reinvent it’s self several times…

About DigitalNote XDN
Formerly known as DarkNote XDN
Formerly known as duckNote XDN
As you can see they have has some stormy seas and “right the ship”. The question is how is Cred CX navigating those waters?
“May 30, 2014 — day of the first XDN block”

We have been long waiting and anticipating the announcement of Cred CX first block announcement.

With a new cryptocurrency the first block mined is like the fist minting of a new coin in metal. It is generally a celebrated event and anniversary date.
Accounts…

It is unclear how one deletes or closes out their accounts.

Example in the case of refunds. Do you send them back their Cred CX using the convenient email address feature they sent it from and use the Note space to file an invoice / refund? After that is settled how does one close the account out for good. How does one close an account or in cypto speak burn their coins with proof (on the open blockchain).

Not being able to transfer off app has left Cred CX use limited to, limited in app only functionality.

I have not ever seen any press or pr promoting this feature alone.
A community of testers would have really helped. No group feed back forum was used including this the reddit group. That leads us to…

~ PR / IR / Social Media ~
Very little evidence of a concerted social media campaign/s Relative new comer to the Credit’s team is Torin Tostanoski the “Social Media Strategist”. The strategy seems to be that less is more in the way of social media and customer relations / support.

As was pointed out to me in analysis of this aspect of this ICO was that one could have looked at the youtube channel and some have said it speaks volumes perhaps even enough to make an informed decision to pass on Cred CX – https://www.youtube.com/channel/UChi2qFyDx5mynP52lTjDRLQ

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VIDEOS: Uploads 1 title “Credits Cryptocurrency & Platform” 162 views 6 months ago

It appears to be abandoned. Rick Floyd has a youtube Chanel set up for credits but the original “official” youtube account is inactive for over 6 months now….
Bitcointalk.org – Good news they created a Topic for Cred CX there. A powerful creditable account and community to have a voice in as an ICO, trader, miner. Minimal activity on the content and any substantial information shared has given no cause for exposure to arguably an ICO’s best source of support in all things cryptocurrency. It is a market place for ideas and collaboration as well as investment and traders. See: https://bitcointalk.org/index.php?topic=3086671.20

Most PR was done in the form of paid for press releases and they where picked up and syndicated on crypto centric investments aka ICO’s and technology blogs. I do not know of the effectiveness of the paid adwords and facebook ads. Facebook delivered a blow to all ICO’s this year with a change in policy.

Many holders of Cred CX are baffled by the choice to not improve Credits social media presence and reach. As it is, it remains a decidedly non communicative, non transparent ICO on this front as well.

With some issues in its executive ranks, lacklustre ICO participation, and very little to report regarding progress some might think it not surprising to have a policy that seems to be based on one of silence is golden.

~WHERE ARE WE AT?~
The issue is at this point very, very, basic: Where are our cryptonote blockchain tokens / coined as Cred CX?

What many holders in the public do not know is they do not need an exchange or mobile app with a mobile miner to hold the coins and exchange them. We have yet to see code written by them for the actual blockchain.
There are mobile apps and a webwallet. OK.

Where are Windows, OSX, and Linux wallets and miners? Where are Cred CX testnet/s? and the credits internal node network? Who has been recruiting or building a mining pool?

This reddit should be abuzz with posts about such things and @ Bitcointalk.org
The last update on twitter after a full calendar month of no updates @ credits.energy we hear that there are minor set backs and re the mobile mining feature. That could very well may be. It is understandable to have compliance issues both technical and policy, to not ever reference technical or policy data is a red flag for many.

It also does not explain why a mobile platform with an off app network cannot not give us our hashes, our coins on an immutable ledger aka blockchain. Cred CX Cryptocurrency a cryptonote fork is an anonymous coin by default. Transactions on the apps and on credits internal auth network are not truly anon, and require the public open blockchain for distributed off credits network authentications of transactions for them to be so.

We have not been given it. When looking at credchain.org (<— Hint the foundation that is or is not?) it redirects to credits.energy.

The chain explorer is not publicly active nor is the source code for anything as far as we can see other than the github – Last updated 6 months ago… It is a fork (a copy for those who might not know what a fork is) – no development code or update to or of code have been committed to the projects opensource software repository as advertised on the website.

How is the premine going? Is it started or over? Where are the cryptonotes coined and mined as Cred CX?

Do I need a mobile app with mining features to use my cryptonote wallet, no, no one does. So if a “feature” is what the project hangs on that is a red flag.
A quick way Cred CX could be made viable and live right now is like this:
MyMonero is the only web wallet for Monero. It is operated and owned by Riccardo Spagni, who is one of the lead Monero developers.

The wallet works like any account. You create an account and can login online to access your funds. MyMonero only encrypts your keys and stores the data on its servers. It cannot access your funds.
See https://mymonero.com/ for a live example

Monero Desktop Wallet
The best and only Monero desktop wallet is the official client which is a full node.It can be downloaded from the official Monero website.

Credits position:
“…crypto with a mobile mining app…” A Crypto. A mobile mining app. One does not need a mobile mining “feature” in an app for there to be a coin or crypto wallet, in fact it is quite the opposite in certain respects. “Technicalities”
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So set backs as of August 2018… We have no progress reports we just have our own ongoing independent analysis.

I hope this has been helpful to the community. Your feed back is welcomed.
If you have questions or concerns feel free to post here.

Start a new topic.

https://new.reddit.com/r/CreditsCryptocurrency/

I am certain there are other things people can share here that would be of a benefit to the community as small as it may be at the moment.

Supporters and fans of Cred CX are welcomed to share what good news the have and what inspires their enthusiasm and support for Cred CX. COME WAVE THE GREEN FLAGS FOR CRED (CX)

We are looking into sponsoring a Cred CX airdrop and give always! Tell your Friends 🙂

We hope for the best and truly want to see the CRED CX coin succeed
“Stay tuned” here for more in depth reports and analysis on (Cred) (CX)
John