Tag Archives: token

Microsoft and Partners Make it Easier for Businesses to Issue Crypto Tokens

Microsoft and Partners Make it Easier for Businesses to Issue Crypto Tokens

                                

The cryptocurrency industry sees an influx of new tokens and assets on a regular basis.

The new service launched by Microsoft will only accelerate this trend moving forward. Microsoft has shown a keen interest in blockchain technology in recent years. It allows corporations and users to deploy ledgers as-a-service. This lowers the barriers to entry significantly for novice users and enthusiasts. 

More Crypto Tokens are Coming

In a new announcement, the technology now shifts its focus to issuing crypto tokens. This is a new approach aimed directly at enterprise clients experimenting with blockchain-as-a-service. Any company can select a set of token-building templates and deploy their own offering accordingly. How the companies decide to use such tokens in the end, is entirely up to them. Potential use cases for this technology include loyalty rewards, incentives, and even letters of credit. 

Creating such a new ecosystem where tokens can be issued and put to use directly is a bold move. It will also pave the way for building additional applications utilizing these new tokens accordingly. The new service is known as the Azure Blockchain Tokens platform. When it launches, there will be a list of “examples” for token issues to look at. It is also worth pointing out this is not just a Microsoft venture either. The company received the support from IBM, R3, and Digital Asset. It is plausible to assume this list will be expanded upon further as more time progresses. 

Article Produced By
JP Buntinx

https://cryptomode.com/microsoft-and-partners-make-it-easier-for-businesses-to-issue-crypto-tokens/

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Tokyo-Based Bank Announces The Tokenization Of Real Estate In The EU

Tokyo-Based Bank Announces The Tokenization Of Real Estate In The EU

                                 

MBK, a Tokyo Stock Exchange-listed merchant bank has announced its plans

to begin with the tokenization of property in Estonia. According to the announcement published by the company, through an alliance with BitOfProperty (BOP), a Singapore-incorporated enterprise that sells fractional ownership of real estate properties in the European Union, both companies will begin with the tokenization of their assets. As detailed in the announcement, BOP will handle the acquisition of the properties and will work alongside MBK to transform these assets into blockchain-based tokens (a process known as the tokenization of assets), which then will be traded through Angoo Fintech, an Estonian company acquired by MBK a few months ago. 

As explained by Deloitte, the tokenization of assets refers to the process of issuing a blockchain token (specifically, a security token) that digitally represents a real tradable asset—in many ways similar to the traditional process of securitization, with a modern twist. These security tokens are created through a type of initial coin offering (ICO) sometimes referred to as a security token offering (STO), which can produce different tokens such as equity, utility, or payment tokens. An STO can be used to create a digital representation – a security token – of an asset, meaning that a security token could represent a share in a company, ownership of a piece of real estate, or participation in an investment fund. These security tokens can then be traded on a secondary market. 

Last month, MBK also signed a deal with Hong Kong Stock Exchange-listed BS Securities to further expand its reach in the security token offerings, providing more support for the development of business in Japan and China. The tokenization of assets has been discussed by experts for quite some time now, with many claiming the advantages that blockchain technology could bring to the process of transferring assets through its tokenization. The security and untampered ledger only blockchain technology can offer and the cost-effective and speedy process that this tech could bring to the table are just a few examples of what blockchain could offer. With Bitcoin (BTC) turning 11 years old, companies are becoming more aware of where the future is heading, which makes sense as to why many industries are applying or beginning to apply blockchain technology at some level. 

Article Produced By
CryptoCoin.News

CryptoCoin.News is the central news source for information on cryptocurrencies. We cover crypto news and analysis on the trends, price movements, ICO reviews, companies and people in the Blockchain world.

https://cryptocoin.news/news/tokyo-based-bank-announces-the-tokenization-of-real-estate-in-the-eu-31773/

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Telegram to Delay TON (GRAM) Token Launch for Spring of 2020

Telegram to Delay TON (GRAM) Token Launch for Spring of 2020

Ahead of a US Securities and Exchange Commission court hearing, the Telegram team decided to delay the actual token launch.

                             

Telegram may want the least complications in its upcoming hearing with the Securities and Exchange Commission.

For that reason, the project sent out a message to ICO participants, stating the distribution of TON tokens would be delayed at least until April 2020. At this point, the token distribution may give the SEC more grounds to state that Telegram will distribute an

unregistered security via exchanges.

“Telegram never held a public ICO and instead raised funds directly from 171 private investors, each of whom were verified as "professional clients," meaning that they have sufficient wealth to avoid the usual level of protection provided by the SEC. Nevertheless, the government claims that the distribution of those tokens itself should be considered as a public offering of securities, even though Gram tokens are clearly meant to be used as money and not as shares in the Telegram app,” commented Mati Greenspan, senior market analyst at eToro.

The SEC called for a court order to halt the activity of the Telegram token-based project, based on claims that the TON digital asset was an unregistered security. Currently, large-scale ICO backers still hold onto the tokens, with only a small-scale secondary market on derivatives

based on TON (GRAM) tokens.

The SEC's move to shut down Telegram's crypto project raises questions about the big venture capital firms that gave it $1.7 billion and convinced themselves that it would pass regulatory muster. That includes Benchmark, Sequoia and Lightspeed.

The Telegram ICO, which reportedly gathered the equivalent of $1.7 billion, did not go through a crowdsale, which may diminish the impact of the SEC action. Unfortunately, all backers had to wait for more than a year until the token launch. The SEC announced its decision to block the token project just two weeks before the tokens were supposed to be unlocked for trading. The Telegram ICO was supposed to be an event to boost the performance of the altcoin market, with a long-awaited asset that also has a strong use case within the Telegram ecosystem. Unfortunately, the announcement that the token sale was illegal broke down optimism further. The GRAM token was also supposed to be another instance of using a digital asset within a well-established product, the Telegram chat app. Unfortunately, the launch is not going to be used as a gauge on the potential success of Facebook’s Libra. In the past, multiple projects tried and failed to link mainstream chat products with a token. The Status Network project did not have an appealing chat product, and Kik saw

its token attacked by the SEC as well.

The SEC's move to shut down Telegram's crypto project raises questions about the big venture capital firms that gave it $1.7 billion and convinced themselves that it would pass regulatory muster. That includes Benchmark, Sequoia and Lightspeed. 

The Telegram ICO, which reportedly gathered the equivalent of $1.7 billion, did not go through a crowdsale, which may diminish the impact of the SEC action. Unfortunately, all backers had to wait for more than a year until the token launch. The SEC announced its decision to block the token project just two weeks before the tokens were supposed to be unlocked for trading.

The Telegram ICO was supposed to be an event to boost the performance of the altcoin market, with a long-awaited asset that also has a strong use case within the Telegram ecosystem. Unfortunately, the announcement that the token sale was illegal broke down optimism further. The GRAM token was also supposed to be another instance of using a digital asset within a well-established product, the Telegram chat app. Unfortunately, the launch is not going to be used as a gauge on the potential success of Facebook’s Libra. In the past, multiple projects tried and failed to link mainstream chat products with a token. The Status Network project did not have an appealing chat product, and Kik saw its token attacked by the SEC as well.

Article Produced By
Christine Masters

Business writer with a knack for bubbles and market madness. Has tracked it all: the financial crisis of 2008 and the implosion of Lehman Brothers; bank bailouts and peak gold and silver, penny stocks…and now Christine has moved to cryptocurrencies for fresh stories.

https://cryptovest.com/news/telegram-to-delay-ton-gram-token-launch-for-spring-of-2020/

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The Perth Mint Issues a Digital Token Backed by Physical Gold Reserves

The Perth Mint Issues a Digital Token Backed by Physical Gold Reserves

The issuance of new digital currencies has almost become a given in this day and age.

Not all of these currencies are linked to companies active in the world of blockchain and cryptocurrency. The Perth Mint Gold Token is a good example. It is issued by a recognized financial institution and aims to revolutionize payments.

Back to the Gold Standard?

It is somewhat remarkable to see so many companies and service providers show a desire to go back to a form of money tied to physical gold. Although the gold standard was removed from the equation many decades ago, there appears to be a chance it will make a comeback. Whether that will be through digital currencies or other means, remains to be determined. For the Perth Mint, a digital currency is seemingly the way to go.  Earlier this week, the institution introduced its own currency, known as the Perth Mint Gold Token. It may not be the catchiest name by any means, but it does serve a purpose. This currency is tied directly to a real commodity in the form of gold. Those god reserves are located in a physical vault owned by the Perth Mint. It is a sensible business model, and one that may help put digital currencies on the map as a whole. 

What is its use?

There are several reasons as to why the Perth Mint decided to take this course of action. Although the trading of gold has been going on in physical form for some time now, it is not all that easy to trade it in a digital format. Several service providers exist, but it seems investors and traders have waited for a legally recognized entity to get in on the action. The Perth Mint is a major institution in Australia, thus their venture will undoubtedly attract a lot of attention. Clients who use the Perth Mint Gold Token can exchange it to cash through a mobile application. The mint also confirms the value of the currency will be certified. Users can have the physical product – i.e. the gold linked to this digital currency – delivered to their door for safekeeping. In doing so, the Mint instills a lot of trust, as the user is not reliant on their vault to move money around. All of the tokens are tracked using a proprietary blockchain, which will allow for instantaneous transactions between users at all times. 

An Interesting Venture

Regardless of how one feels about this new digital currency, it sends an interesting signal to the financial sector. Gold often gains popularity during times of financial instability and looming recession. It is no coincidence the Perth Mint decides to embark on this journey at this exact moment. There has been plenty of volatility across all financial markets, and investors have flocked to gold as a result. By digitizing this commodity, it suddenly becomes a lot more accessible for everyone to get their hands on bullion, at least in Australia. 

Article Produced By
JP Buntinx

https://themerkle.com/the-perth-mint-issues-a-digital-token-backed-by-physical-gold-reserves/

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Terra and Mining Token Luna Listed on KuCoin Cryptocurrency Exchange

Terra and Mining Token Luna Listed on KuCoin Cryptocurrency Exchange

                            

August 30th, 2019, Singapore

Stablecoin Terra SDT (SDT) and mining token Luna (LUNA) listed on BTC and USDT markets.

Terra, the project building the next-generation payment system on the blockchain, announces today that its stablecoin Terra SDT (SDT) and mining token Luna (LUNA) will both list on global cryptocurrency exchange KuCoin. Deposits will open on August 28, 8:00 am UTC, and trading will start at 10:00 am UTC with trading pairs LUNA/BTC, LUNA/USDT, and SDT/USDT.

Terra is a blockchain payments network that is powered by two tokens: Terra and Luna. At its core lies the algorithmic stablecoin Terra, which refers to a family of cryptocurrencies that are each pegged to the world’s major currencies. Terra’s flagship currency, Terra SDT, is pegged to the IMF’s SDR and serves as the unit of account for the Terra protocol. Terra is backed by a second token called Luna, the mining token that not only powers Terra’s blockchain, but also derives its value from receiving Terra’s transaction fees.

Terra is making blockchain-powered payments commonplace by providing incentives to consumers and merchants alike. Terra offers significantly cheaper transaction fees to merchants by cutting out unnecessary middlemen, and also offers 5-10% off every purchase to shoppers which is funded by growth in its underlying stablecoin economy. Terra’s plan to get its stablecoin into the hands of millions is propelled by an ever-growing e-commerce alliance, which includes Asia-Pacific giants such as TMON (e-commerce, Korea), Woowa (food delivery, Korea), Carousell (C2C, Singapore), and Tiki (e-commerce, Vietnam).

Michael Gan, CEO at KuCoin, said:

“As the People’s Exchange, KuCoin is committed to empowering promising blockchain projects and providing a wide range of digital assets to crypto investors. The next-generation payment network developed by Terra has the potential to grow the blockchain economy. We are happy to see this great project join our trading platform and we really appreciate their contribution to driving the mass adoption of cryptocurrencies.”

“Since launching in June, Terra’s transaction volume has been growing at a rapid pace, with usership already exceeding 400,000. We are excited that a global exchange like KuCoin is listing Terra and Luna at a time of unprecedented growth, and we look forward to continue growing Terra’s economy as more and more e-commerce partners offer Terra as a payment option,” said Daniel Shin, Co-Founder of Terra.

Terra recently announced new e-commerce partners such as Korea’s music-streaming giant Bugs and Sinsang Market, the largest B2B fashion platform in Korea. It has also recently announced investments from Hong Kong’s HashKey Capital, Singapore’s LuneX, and U.S. hedge fund Ulysses Capital. Terra’s mining token Luna (LUNA) is also listed on global cryptocurrency exchanges Bitrue (BTC/XRP) and Bittrex (BTC).

About Terra:

Terra is designing a price-stable digital currency that will power the next-generation payment network on the blockchain. Terra partners with an ever-growing alliance of global e-Commerce platforms to bring blockchain’s benefits such as low transaction costs to merchants and everyday consumers. By bridging the gap between digital currencies and real-world application, Terra aims to evolve into an open platform for innovative financial dApps and grow the real GDP of the blockchain economy. Founded by a team of business, finance and blockchain experts, Terra has offices in Singapore and Korea.

About KuCoin

The KuCoin Exchange opened for cryptocurrency trading in September 2017 and enjoyed steady growth into 2018. The KuCoin Exchange puts a high priority on the quality of the projects listed based on a well-trained research department that scours the blockchain industry for the highest quality projects. KuCoin provides an exchange service for users to conduct digital asset transactions securely and efficiently. Over time, KuCoin aims to provide long-lasting, increased value to its more than five million registered users, in over 100 countries. In November 2018, ‘The People’s Exchange’ officially partnered with IDG Capital and Matrix Partners.

Article Produced By
Bitcoin Blast, Bitcoin Press Release

https://bitcoinprbuzz.com/terra-and-mining-token-luna-listed-on-kucoin-cryptocurrency-exchange/

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How to create a MHV wallet on Raisex.io exchange

You have probably heard that the Markethive Consumer Coin (symbol: MHV) has been listed on the Raisex.io exchange.

So that means that MHVs are tradable on that exchange.  MHVs are paired with BTC, ETH, & USDT.

After creating an account on RAISEX.IO, it is real easy to create a wallet on the exchange for MHV.

First, login to Raisex.io

Click on Wallet and Search for MHV

Then click on deposit and it will create a MHV wallet address for you.  

This sets you up to be able to buy & sell MHV.  You can use BTC, ETH or USDT to trade MHV.  Always generate the wallet first before trading MHV.  Without a MHV wallet generated, the funds are phantom, and if wallet is generated later, funds could disappear. 

Here are some additional notes;

  • You have to purchase MHV using BTC, ETH or USDT. 
  • To withdrawl MHV to another wallet you will have to pay the fees in ETH
    • The fee for all token ERC20 is in ETH (fee 0.007 ETH)
      • Generate Ethereum Wallet
      • Deposit funds Ethereum
      • Request withdrawal MHVs
  • You do not need to KYC unless to want to withdraw more than Raisex's daily/monthly limits
    • KYC is easy to achieve, upload:
      • Passport or Identify Card
      • Proof of Address (Bank Statement or Utility Bills)
      • Selfie with passport and a sheet of paper with "Raisex" and the current date
  • Transfer of MHVs out of Markethive.com is coming soon.

Here is a link to Raisex's FAQ; https://raisex.io/FAQ

 

 

 

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How to create a MHV wallet on Raisex.io exchange (UPDATED)

How to create a wallet on Raisex.io Exchange

You have probably heard that the Markethive Consumer Coin (symbol: MHV) has been listed on the Raisex.io exchange.

So that means that MHVs are tradable on that exchange.  MHVs are paired with BTC, ETH, & USDT.

NOTE: We have found that new account creation works best in the FIREFOX browser

Click here to use Markethive's referrer link to open your account.  NOTE:  Raisex's signup process requires the internation code without any preceding 0 (zeroes), eg  number say 0xxxxxxxxxxx in uk international code +44 SO entered +44xxxxxxxxxxx (drop front zero) or in US +11231231234 (no parens or dashes)

After creating an account on RAISEX.IO, it is real easy to create a wallet on the exchange for MHV.

First, login to Raisex.io

Click on Wallet and Search for MHV

Then click on deposit and it will create a MHV wallet address for you.  

This sets you up to be able to buy & sell MHV.  You can use BTC, ETH or USDT to trade MHV.  Always generate the wallet first before trading MHV.  Without a MHV wallet generated, the funds are phantom, and if wallet is generated later, funds could disappear. 

To BUY MHV go to TRADE page. 

In the BUY form, the first field (designated with "MHV") put the total number of MHV coins you wish to purchase

In the Price field, you put how much per MHV you are willing to pay, in BTC (for this example, if you are purchasing MHV/ETH, you put price in ETH…)

Then you hit the GREEN buy button.  You should see your buy order post under the MHV volume/price graph, under BUY ORDERS.

To Sell MHV you use the SELL side of the form and following the same instructions.

Here are some additional notes;

  • You have to purchase MHV using BTC, ETH or USDT. 
  • To withdrawl MHV to another wallet you will have to pay the fees in ETH
    • The fee for all token ERC20 is in ETH (fee 0.007 ETH)
      • Generate Ethereum Wallet
      • Deposit funds Ethereum
      • Request withdrawal MHVs
  • You do not need to KYC unless to want to withdraw from Raisex's;
    • KYC is easy to achieve, upload:
      • Passport or Identify Card – MUST BE A PHOTO YOU'VE TAKEN IN JPEG or PNG formats – NO PDFs or SCANS.
      • Proof of Address (Bank Statement or Utility Bills) – MUST BE A PHOTO TAKEN IN JPEG or PNG formats – NO PDFs or SCANS.  Bill must be less than 3 months old.
      • Take a Selfie with you holding your passwort and a sheet of paper with "Raisex" and the current date written on it (handwritten).  JPG or PNG – NO PDFs
  • Transfer of MHVs out of Markethive.com is coming soon.

Here is a link to Raisex's FAQ; https://raisex.io/FAQ

 

 

 

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Hemp Grows Faster Than Bitcoin – 

CBD Backed Token in Private Sale,
With 750,000 Reasons to Participate

CBDoken, a Vienna-based company, plans to shock the traditional CBD market by creating an open, distributed alternative marketplace through their asset-backed cryptocurrency.

  • Tokenizing CBD products creates an open marketplace where pricing is determined by the public trading the token on the exchanges.
  • Learn how this company can help remove up to 80% of unnecessary costs associated with CBD distribution.
  • Utilizing “proof of burn” will enable clear and transparent communication through the blockchain, making information about supply readily available to the public.
  • Worldwide distribution of publicly priced CBD is the goal of CBDoken. By leveraging the best of blockchain technology and great business practice, the team behind CBDoken has created a plan that will tokenize CBD Full Spectrum Extract.

Why is this important?

Because of the controversy associated with cannabis, even completely legitimate CBD extracts are not traded on the open market due to the potential for supply chain abuse. Some countries even consider CBD to be an illegal product, regardless of the fact that it contains 0-0.02% THC.

This type of attitude from regulators is what prevents the traditional economy from bringing this commodity to the open markets. Utilizing a decentralized token to facilitate trade is perfect because the traders never come into physical contact with the product. On the other hand, white-label brands sell CBD products at outrageous prices, 300-800% more than what they pay to the producers in the US and the EU.

CBDoken shows incredibly high potential to mitigate two of the largest contributors to high CBD prices. The “CBD Full Spectrum Extract” that CBDoken will provide is of the highest quality extracts, with a minimum of 55% CBD concentration. This is a highly competitive product on the quality-based marketplace, for which people are currently prepared to pay up to 8x from production prices. With the help of their proprietary ERC20 token, they will be able to effectively price and position their partner’s CBD product to the open marketplace. No other CBD company in the world has done this before, so there are a lot of curious minds looking to see what the results will be.

How does the token work?

Once the platform is launched, the company will utilize the tokens as a representation of 1g CBD Full Spectrum Extract in stock. The ratio between tokens and the stocked product will remain the same, as part of their smart contact will burn the tokens when an order has been made.

Burning the tokens means that they are getting destroyed at the point of sale, and the product is already on its way to the consumer. The smart contract connects their CBD manufacturer to the end users, providing a clear path of distribution without inflating the price along the way.

CBDoken’s partners own warehouses and extractions facilities in both US and EU markets, and the deliveries will be made through these establishments. The profits made by sales of the first tokenized CBD product “CBD Full Spectrum Extract” will be reinvested into restoring the warehouses’ stockpiles.

In addition to this, a CBDoken Webshop will be opened which will sell the CBD product in exchange for fiat prices based on average token exchange prices. To facilitate the sale, CBDoken will purchase a token from the exchanges and will execute the burning process.

Private Sale Details

There is a limited amount of tokens available for the private sale which will end at the beginning of August. The company is looking to raise about $200k in this period, through the sale of 15000 tokens, i.e. grams of CBD Full Spectrum Extract.

This CBD product is the asset that is backing up the cryptocurrency, and once their solution becomes operational, the smart contract in place will burn the tokens, informing the market about the purchase, and keeping the 1:1 ratio in place.

Original article, video and additional information from:
​https://dailyhodl.com/2018/07/04/pr-hemp-grows-faster-than-bitcoin-cbd-backed-token-in-private-sale-with-750000-reasons-to-participate/

The original content is sponsored by CRYPTO LIVEWIRE dated July 4, 2018 Press Release and should be regarded as promotional material. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.​

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