CleverPlace launching commercial marketplace tokenizing cashback

CleverPlace, an e-commerce profit-sharing and open-source marketplace on the blockchain today is introducing a new way to offer buyers cashback by giving them a substantial percentage of the commercial margin back on their purchases against CleverTokens (CLVR).

CleverPlace will pilot this transparent and secure marketplace ecosystem in the French real-estate space, due to the team’s deep experience in the market and the returns that can be achieved. The real-estate market is just the starting point, as the platform will be available in open-source to allow any entrepreneur to develop it in other high-margin verticals, including automotive and other industries, globally.

Token Sale

A basic viable version of the CleverPlace marketplace will be available August 2018. CleverPlace will also open its initial token pre-sale from August 14th through September 10th, 2018, and a broader market sale from September 18th through October 15th of 2018, with a total 210 million tokens being made available.

How it Works

When purchasing a new apartment worth €300,000 on CleverPlace, the buyer would receive cashback of €21,000 against CleverTokens. One-hundred percent of the tokens received by the platform would then be distributed to the community members through a smart contract.

“The real-estate development market will be CleverPlace’s showcase to validate the powerful concept of a marketplace sharing its profits, however, we’re about to embark on a much larger vision to bring an open-source offering to a variety of high-margin verticals across the globe. This means that any customer, in any vertical market across the globe, will be able to benefit from total price transparency and the use of their private data by joining a CleverPlace marketplace community built on trust – no more false users or fake reviews.”

Jean-Luc Monchant, CEO of CleverPlace“

The CLVR tokens will help develop an ecosystem of services associated with the purchase of a new property: work of any kind, furniture, kitchen, decoration, home insurance, etc. The platform will offer its users the opportunity to be rewarded in the form of CLVR tokens, depending on their participation in the quality of the platform as well as the services provided.

The CLVR token will be designed to universally share e-commerce profits with all participants within the marketplace. This aims to create a complete ecosystem that incentivizes buyers and token holders to actively participate and foster a strong community that brings quality to the platform and promotes a strong viral effect, enabling the most involved users to receive up to twice as many CLVR tokens each time a transaction occurs.

CLVR tokens can also be kept, for future use in the community marketplace.

“For the first time, any marketplace in any vertical will be able to transparently display the buy and sell commercial-margin prices of each product. When everyone knows the margin on the products and services they purchase, and the margin can be quite significant depending on the product and sector, we believe it will explode what could be a $70 billion per year market opportunity.”

Irwin Favere, CleverPlace co-founder, and project manager

The growth of the platform will be tied to the CLVR token and blockchain infrastructure. The CleverPlace platform will also use blockchain-based governance best practices to create autonomy for its users. Users will be able to vote on platform expansion and modification, access reputation functions, and manage disputes through the platform, ensuring that the CleverPlace marketplace offers an easy, vibrant and protective ecosystem of vertical-relevant services.

Devery launches mobile app for blockchain-based enterprise supply chain

Devery, a blockchain startup focused on secure product verification and counterfeit protection has announced the release of its first mobile verification application, a major milestone in its development roadmap. The app is now published on Devery’s Github repository and is also available for download on the Google Play Store.

The app is in its first public iteration and serves as a simplified demonstration of the applications Devery is building for enterprises. Unlike predecessor apps, this more advanced version is now able to read directly off the Ethereum blockchain to verify the authenticity of the QR code or ethereum address.

Devery has also re-launched its website and made a series of promising updates for its community. Notably, its recent activity signals a strong focus on developing world-class supply chain solutions for businesses, utilizing the capabilities of the blockchain to implement solutions in product verification.

Earlier this year, Devery captured significant attention with its inclusion in the inaugural blockchain accelerator launched by JD.com, e-commerce juggernaut and China’s largest online retailer. Devery followed this news quickly with the announcement of its joint plan with the Tunisian Ministry of Education and the United Nations World Food Program (WFP) to develop systems to track school lunches distributed to Tunisian children.

Devery is expected to be on the ground in Tunisia in coming weeks to deploy the first iteration of its custom solution and commence ground trials. While the Devery hasn’t yet indicated which other companies or governments it is courting, it is expected that future iterations of this solution will be targeted to a range of other broadly comparable situations globally.

The recent updates by Devery reflect its steady progress as it continues to hit its key milestones. This includes the announcement of a new advisor,  Sebastian Quinn-Watson, a partner at Blockchain Global and advisory board member on several successful projects including Powerledger, Bluezelle, Simple Token and a number of others. Devery has also significantly expanded its development team with a number of new hires.

The Devery team is expected to release more updates and announcements in weeks to come as it steps up community engagement.

 

EVE is the utility token underpinning the Devery protocol for product verification services. The token serves as fuel for verification within the microcosm of the Devery ecosystem. EVE is used to utilize the protocol functions, as well as services that are built on top of the protocol layer.

The second life of Augur (REP) – the Ethereum-based project’s story continues…

Augur is a rather bold project that relies on the wisdom of the crowd philosophy. In essence, it’s an Ethereum-based platform that allows you to make bets and forecasts for any event in the world – and get paid if your forecast comes true.

Users are motivated by their desire to earn a reward for a good guess, and the aggregate rewards are divided among all the participants of the project: the Augur network, REP holders, and special members, called oracles. These oracles act as arbitrators and validators: they verify that a certain offline event has taken place.

The number of REP tokens that a member holds determines his or her status on the Augur network. If you guess right, then you earn more reputation points (tokens), if you make a wrong guess, then you lose some of your tokens.

The system is built in such a way that all Augur token holders have to work non stop, reporting on events at least biweekly. If you don’t perform even this minimal amount of work, your tokens are automatically distributed among more active participants.

Augur aims to motivate users to bet on events using its network (and not through traditional bookies) by means of very low commissions. Another advantage is the impossibility to tamper with deals and results thanks to decentralization. This way, the betting and forecasting platform can be protected from any interference by states or other regulators. Augur plans to bring together experts from across the world – brilliant minds who wish to earn money on their knowledge and intelligence.

What’s new?

A recent spike in the REP token price has brought Augur back to public attention. Let’s take a look at their recent updates and see if they help explain the price hike.

Key update – starting in June 2018, Augur will transfer all the tokens from its old smart contracts, written in Serpent, to new Solidity-based contracts. In case you didn’t know: a critical security issue was found in the old Augur smart contract – so serious that it threatened the existence of the project. This flaw could potentially allow criminals to edit REP tokens’ time tags, inserting any date in the distant future and thus blocking the tokens forever. Once this error was discovered, the REP token price crashed.

However, now we can safely say that Augur has resolved the issue, transferring its code to a new smart contract type and changing its whole logic. This is highly positive news: the system is now not just safe, but also faster than before. The market welcomed the serious and necessary upgrade: as soon as people decided that the project’s future was indeed bright, they started buying REP while the price was low, and the “reborn” REP tokens’ value went up quickly.

So what’s the conclusion?

At the moment, Augur is one of the largest Ethereum-based projects, with over a hundred smart contracts (the second-highest number on the market) – in fact, it is one of the top 20 tokens by capitalization.

The project has good chances to take over the lucrative gambling and betting market. One more thing that works in its favor is the vested emission: back in 2015, founders promised to keep only 11 million tokens in circulation, and so far they’ve kept their word.

 

Svandis and Cindicator partner for cryptocurrency trading analytics

Svandis and Cindicator today announced a strategic partnership as part of the Cindicator Symbiotic Network. At the core of the partnership, Svandis – a platform for crypto asset trading and investing analysis – will provide Cindicator with early access to the novel ecosystem of analytics tools and data.

Users will experience an enhanced data-driven experience in both ecosystems, benefiting their overall market proficiency and potentially impacting a trader’s likelihood of success.

Cindicator will add Svandis’ tools to their Hybrid Intelligence platform to provide its community of analysts with easily accessible data, so they may make more informed market predictions.

The Svandis ecosystem consists of a unified analytical and visualization platform for analyzing cryptoassets. The data-entry process couples automatic data mining with incentivized data submission from Svandis users. Svandis users receive SVN tokens for data submission and by running a data processing app on their devices.

Svandis is led by Hermann Finnbjornsson, CEO and Co-Founder of Svandis, who is a veteran of the tech world, having founded the first cryptocurrency exchange in Iceland, an electronic voting system, and a digital token card for multiple-purpose payments.

Mike Brusov, CEO of Cindicator, commented: “Cindicator and Svandis share a similar vision for better decision-making in crypto markets and beyond. While we are approaching this issue from different angles, there are strong synergies in combining forces.”

EOS Asia qualifies as Block Producer to develop EOS blockchain DApps

EOS Asia, a technical team and seasoned blockchain DApp developer, recently announced its qualification as an official Block Producer (BP) candidate, elected to become one of 21 presidents of the EOS blockchain ecosystem. There will be only 21 Block Producers in total for this role, where EOS holders have the option to vote coming up on June 2nd, 2018.

EOS Asia qualified for the competition due to its dedication to bringing the best technical and international representation to build DApps, making EOS the blockchain infrastructure for mainstream applications.

“Our mission is to ensure EOS continues its success as a healthy, community-driven decentralized protocol,” said Dafeng Guo, co-founder of EOS Asia. “We promise to defend the ecosystem from anyone who wants to privatize it for their own benefit.”

EOS is the fifth-largest digital currency by market cap with the goal to become a decentralized operating system supporting industrial-scale applications, eliminating transaction fees and conducting millions of transactions per second — solving the scalability issues of blockchains like Bitcoin and Ethereum. It’s scheduled to be released as open-source software on June 1, 2018.

The EOS Asia team brings together experts from all over the world, including China, Europe, the United States, and South Korea. The BP candidate’s core technical members are backed by Silicon Valley incubator Y Combinator and highly recognized by well-known industry veterans. The EOS Asia team has more than 15 years of experience in server and cloud technology and has previously built applications and games used by tens of millions of people.

Currently, EOS Asia is working on developing DApps everyone can use. The team’s most recent projects include EOS Gems and Traffic Exchange Token (TXT). EOS Gems is an EOS-based DApp and blockchain game inspired by CryptoKitties that allows players to trade, collect, and fuse gems to create new unique shapes and effects. EOS Gems will be custom built using three.js and will be airdropped to EOS holders following the launch of EOS Mainnet.

TXT (Traffic Exchange Token) is an innovation targeting the $335 billion market of digital advertising, rewarding users for viewing and engaging with ads. EOS Asia is developing TXT to put the power of advertising back in the hands of the user, increasing profits from ad spend by removing middlemen, and eliminating fraudulent bot traffic altogether. TXT’s high transaction volume requirements can only be accomplished using EOS.

“We’re incredibly proud of our team’s technical expertise, which spans a variety of areas in EOS and blockchain development. Our core team’s credentials include an Alibaba Cloud Tech MVP award in 2017, the building and scaling of products from zero to tens of tens of millions of users, exemplary expertise in blockchain technology, and the development of infrastructure for millions of users.”

Joseph Fanelli, co-founder of EOS Asia

Tezos approaching the launch of its beta network

Tezos, a blockchain that can evolve by upgrading itself including support for smart contracts and decentralized applications announced today that final preparations for the Tezos beta network (betanet) are underway.

The Tezos community has been running the alphanet test network successfully for well over a year. Although this provided valuable engineering insight, the team says there is no substitute for real-world experience. To that end, the Tezos Foundation is looking forward to the launch of the betanet.

The Tezos team said that contributors who opt to interact with this network must understand that it will undergo unscheduled downtime and require maintenance and adjustments.

User Contributions

A genesis block will be proposed by the Tezos Foundation at the betanet launch. To prepare for this, all contributors must verify their donation — regardless of size — to confirm that it was received by the Foundation. The Foundation intends to recommend allocations in this proposed genesis block for donations of any size that were received during the fundraiser, but they must appear in the “Check Your Contribution” tool.

Contributors can now check their contribution and enter the Tezos public key hash that was included in the PDF document created during the fundraiser. Only use this link and do not enter any other information besides your public key hash. If the donation does not appear when entering the public key hash, then it will not be included as a recommended allocation in the genesis block proposed by the Foundation unless additional steps are taken to make sure it is included. Further information is given on the linked page.

IOTA Foundation launches beta release of the Trinity mobile wallet app

IOTA token holders now get to experiment with today’s beta release of the IOTA Trinity mobile wallet. Initially a community-driven project, Trinity was adopted by the IOTA Foundation in order to provide assurance to the wider community that the wallet is safe to use, and as free from the threat of user error as possible.

The IOTA Foundation has subsequently subjected Trinity to two external reviews, a threat modeling exercise, and a security audit, to ensure maximum safety for users. Any threats or bugs that were identified during these two external reviews have been investigated and mitigated or patched where required.

The wallet features safe seed storage with 2FA, multiple accounts, quick transfers, and a price feature which enables users to stay current with the value of their IOTA holdings. Trinity is designed to make transactions as simple and convenient as possible. It offers a variety of helpful features, from easy-to-use QR code support, to under-the-hood details like address reuse prevention.

Trinity mobile beta is out on both iOS and Android. Soon to come, the Trinity desktop beta is scheduled to launch, but no date of release been mentioned. The current design work aims to harmonize the user experience and feel of the desktop and mobile apps.

The IOTA Foundation said:

“We must give special mention to the community alpha testers (over 400 users), who have helped to us iron out numerous bugs and improve usability, and the community translators, who have enabled us to support 35 languages. This is an ongoing process and we thank you for your tireless efforts.”

HydroMiner’s H3O launching as EU compliant security token

HydroMiner, a cryptocurrency mining project launched last year with its H20 token is now underway in launching its new H30 token, to which the original H20 tokens will be transferable towards. Unlike the H20 token, H30 is designed as a security token for its investors for several reasons. HydroMiner’s H3O token introduces a model where mining profits from the operation go to the company, funds will be distributed for reinvestment and growth, in a tax friendly environment.

The H3O token will be one of the first tokens relying on a full capital market prospectus in accordance with European financial law, making it one of the most transparent, safe and open tokens. H3O will be Europe’s first security token, and at a later stage will be convertible into an equity token compliant under EU regulations.

The HydroMining team said:

“With cheap energy and an effective cooling solution, the team has an average profitability ranging from 20%-30%, based on past figures. HydroMiner’s aim is to offer investors the best possible way to participate in the mining process, in terms of technical expertise, lean management, tax and legal status. We believe that cryptocurrencies should be as open and inclusive as possible. This is all in line with our attempt at creating a token which is a hybrid of traditional securities and cryptocurrencies in that it offers the rights, security, and protections of traditional securities as well as the flexibility of crypto-tokens.”

Features of H3O

If the company succeeds, the token will grow in value and investors will benefit as the HydroMiner team expects the mining business will remain profitable into the future. It’s the next best thing to a traditional share allowing investors to tag-along. In case the HydroMiner team sells off their company-shares, up to 80% of the profits are distributed to H3O token holders

Who can participate in the H3O Pre-Sale?

The tokenized H3O securities will combine the legal characteristics of participation rights with the advantages of the blockchain. Tokenized securities — unlike utility tokens — don’t give the investor access to a future product or service of a company. The investors are participating in the performance of the company itself. Thus, the H3O token will be subject to the Austrian Capital Markets Act which results in compliance with European capital market regulations. Thus, HydroMiner will release a full prospectus during the ICO, following approval by the Austrian Financial Market Authority (FMA).

H2O Token Swap

The H2O token swap will be available with the start of the pre-sale, to an exchange rate of 1 H2O to 50 H3O. If holders would like to convert their H2O, they are advised to hold it in their wallet until the main sale starts, which is scheduled for Q3 of this year, after the capital market prospectus is approved.

H3O Main Sale

After the presale, as soon as the capital market prospectus is approved by the Austrian authorities, the H3O main sale will begin, approx. in Q3 2018. The prospectus is currently under review. Due to regulatory requirements, the exact details and timing of the upcoming main ICO are subject to the prior approval of a capital market prospectus by the Austrian Financial Market Authority (FMA).

To summarize, H3O token holders will have a position similar to shareholders. Especially, H3O holders will participate in HydroMiner’s future performance. H3O will be traded on security exchange platforms in a compliant high-liquidity environment.

Ethorse crypto price betting dApp provides an updated roadmap

The team of Ethorse, a decentralized application for the pari-mutuel betting on the price of cryptocurrencies has provided a long-awaited update on the current status of the application. Of chief importance, the team is currently seeking a new solution to smooth network bottlenecks the Ethorse app is currently experiencing. Among other plans, the team is looking to improve mobile and add more coins to bet on.

The Ethorse team said: “Recently, races have been paused due to severe congestion on the Ethereum network. We haven’t been able to receive prices on blockchain because of the congestion and races were going in to refund state despite the high fees we have been spending (around 1 ETH a day). Before we paused, we had some races with a pool size around 10 ETH. Such interest even during these times shows huge potential for the Ethorse dApp. We are hoping this will be resolved soon so the races can run uninterrupted.”

The Oracle solution used to fetch price and automate races has been the main bottleneck for the past few weeks according to the team. They are now working on exploring several alternate solutions to overcome issues caused by relying exclusively on Oraclize.

This is an initiative to reduce the number of refunded races as much as possible. There are several Oracle services other than Oraclize that are currently being developed. The Ethorse team has been experimenting with the following services over the past few days:

  • TownCrier – is a service that serves as a decentralized oracle which offers features similar to Oraclize. Unfortunately, TownCrier does not offer scheduled calls. Scheduled Oraclize calls have helped Ethorse automate the app to a great extent.
  • ChainLink – is an Oracle solution that Ethorse is eagerly looking out for. They have a secure method as well as a distributed way of fetching the results from an API endpoint. This reduces the central point of failure to a great extent. Also, they claim to handle scalability issues caused by Ethereum network. Considering the above-mentioned features and the off-chain capability of ChainLink, its inception into Ethereum mainnet would be very useful for Ethorse. The team is going to use their services on the Kovan Network.
  • Aeternity -the data availability and advanced data formatting provided by Aeternity could be very useful in reducing the number of queries. This would improve the time, cost and reliability of fetching data. They are expected to come out with a mainnet solution by the end of June 2018.

Other than these solutions, the team is also exploring Plasma, Channels, and Sidechains. They have also begun interacting with teams of ConsenSys Oracle, GoChain, and others. Though the current situation with the network is not looking good for dApps, with the above solutions, the future looks very bright for greater performance and user experience.

While waiting for these solutions, the Ethorse team has decided on an in-house implementation of an oracle which runs on its web server and acts as a backup to the existing Oraclize methods. Oraclize is given priority for fetching the results which is indeed the best method to get untampered data with TLSNotary proof. There are instances when Oraclize callbacks are either delayed or lost in the re-org. In these cases, the team has given a slack time up to 30 minutes for the callback to get back. If prices don’t arrive even after the slack time, the backup functionality will kick in. In the fallback method to fetch prices, the team will use a secure TLS GET method to fetch the prices. The prices fetched through the fallback mechanism will be displayed on a portal with a timestamp so that users can cross verify it with Coinmarketcap. The Ethorse team will be releasing this after meticulous testing over the next few weeks. Until then Ethorse will continue to run the races on varying frequency depending on the network quality at the time.

Updated Roadmap

Oracle (Q2-Q3)

As described above, this is one of the top priorities of the project. The team wants to have a have a temporary solution (their own oracle) to keep the races running, research oracle solutions for long-term (Chainlink/Plasma/Sidechains) and implement them immediately when they are ready, to improve the dApp quality irrespective of the Ethereum network state.

Automated Seeding (Q2-Q3)

Seeding races have proven to be very successful in increasing user participation. The team has made significant progress on automating seeding, which is currently under test. This will be rolled out soon. Ethorse will also be increasing the seed as the user bets increase. This will encourage users to bet more and increase the volume.

Exchange Listings (Q2-Q3)

The team promised to get HORSE token listed on at least one high volume non-DEX exchange by the end of Q2. Exchange listing will bring a lot of attention to Ethorse product and will bring on new users to try the dApp. First, the team wants to make sure the dApp is ready for that. Due to the technical challenges mentioned, unfortunately, this had been delayed. However, the team says they are very confident about doing this by the end of June or early July 2018. Ethorse has allocated a considerable amount of funds from their crowdsale for this and has started reaching out to some exchanges.

Dividends Portal (Q2)

A portal to claim dividends will be developed by the end of Q2. This is where users will be able to claim dividends similar to a claim on winnings from a race. Dividend claiming periods will begin on July 17, 2018, during which all the tokens transfers will be disabled for a week.

Improvements to the UI/UX (Q3)

The team will implement ideas to significantly improve the user experience such as a visualization of the race progress. Developers are prioritizing them based on user interest and the ease of implementation.

Price Source (Q3)

Once the Oracle related updates are made, the team will move from using Coinmarketcap to its own price index that is based on data pulled directly from multiple exchanges and aggregated.

Voting Platform (Q3)

A voting portal will be developed where HORSE token holders can vote on the important decisions for the project.

Adding More Coins to the Race (Q3)

Ethorse is planning to add more large volume coins to the races including BCH, XRP, EOS, etc. There will be different race categories with a variety of coins. This along with more game types and increased frequency will enable the dApp to entertain users 24×7.

Mobile Support (Q3)

Currently, the dApp works to a certain extent on Cipher browser for mobile. However, Ethorse will be releasing updates to make it extremely smooth to be used on Cipher. Ethorse will be providing support to other mobile platforms as well.

The team also said they will continue to increase marketing efforts and add more functionality to the dApp during Q4 2018 and in 2019. The team notes that the roadmap is subject to reprioritization based on several variables including traction, community feedback, new technology or partnerships that they will keep exploring.

 

BitGo hires new VP of Sales to lead new digital asset custodianship

Bitcoin and cryptocurrency storage company BitGo recently announced a new service called BitGo Trust. The solution will hold digital assets for institutional investors independent of any exchange or trading activities. With the announcement, also came news that BitGo will no longer proceed with its acquisition of banking company Kingdom Trust.

BitGo is now seeking its own charter to build BitGo Trust. Their vision is to build a new, regulated, qualified custodian that will be the first and only one built from the ground up for digital assets.

The company currently offers multiple options for custody, from self-custody to full custody at BitGo. BitGo Trust will seek to expand the offering with a regulated, qualified custodial product for US investors.

Josh Schwartz Joins BitGo as VP of Sales

On the back of the BitGo Trust announcement, BitGo informed today they have brought aboard Josh Schwartz as VP of Sales. Josh’s experience with the institutional investor market complements BitGo’s leadership in building institutional-grade security, storage, compliance, and custody solutions for digital assets.

Josh comes to BitGo with over 16 years of sales leadership in financial services. He brings a strong background in trading technology and transaction cost analysis and has extensive capital markets experience across buy-side and sell-side firms. Most recently, Josh worked at Bloomberg, where he led the global new business effort for Bloomberg Tradebook.

Prior to Bloomberg, Josh served as Head of Business Development at Axiom Investment Advisors, LLC. Before that, he held several roles at Cantor Fitzgerald, including VP of Business Development for eSpeed (acquired by Nasdaq in 2013). Josh also co-founded the Trior Group, a buy-side advisory business to help optimize execution costs and commission allocation policies