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Trade Recommendation: Litecoin (LTCEUR) | Hacked: Hacking Finance

Trade Recommendation: Litecoin (LTCEUR) | Hacked: Hacking Finance

This article was posted on Sunday, 16:42, UTC.

The price moves upward in the borders of an ascending price channel. When the price bounced from the trend line of the channel, we got a buy signal. RSI confirmed price reversal. Now we have to place pending orders for buy above the local swing high. If the market moves higher than 41.00, it will be a good confirmation of further upward movement. Stop orders must be placed below 34.50 level. Profit target should be at 50.00 resistance level. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.

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Buy: 41.30
Stop: 34.50
Profit Targets: 49.00

The trading signal is based on Kraken chart.

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Twitter CEO Jack Dorsey is a Bitcoiner, Talks up Blockchain Tech

Twitter CEO Jack Dorsey is a Bitcoiner, Talks up Blockchain Tech

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In an interview with The Verge, at the Computer History Museum in Mountain View, California, Twitter and Square CEO Jack Dorsey revealed that he’s a bitcoiner and that he believes that blockchain technology will be a part of our future.

According to The Verge, Jack Dorsey believes that blockchain’s potential goes far beyond accounting, as he stated that it has the potential to “be applied to so much more,” and described it as “the next big unlock.”

Dorsey went on to talk about blockchain’s benefits and potential, even stating that it enables proof of work and proof of one entity in an untrusted network. This led to a simple conclusion that, presumably, means Jack Dorsey shares the ideas of experts who have described blockchain technology as analogous to the early days of the internet. He stated:

“There are so many problems we can help solve [with blockchain] that are not just related to finance, but finance is an obvious one.”

The entrepreneur also warned that despite blockchain technology’s availability and potential, it shouldn’t mean that everyone should try to use it. Per his own words, he believes there will be a bunch of people trying to apply blockchain everywhere and solve every single problem with it, the same way machine learning, data science, and artificial intelligence are currently being used to address every problem we have.

Dorsey believes we need to be more thoughtful with this type of technology, and first stop to think about people’s needs and how technology can help them progress.

Jack Dorsey is a Bitcoiner

Daring the interview, Jack Dorsey also addressed bitcoin and its explosive growth, both in value and in popularity. His company Square has been accepting bitcoin payments since 2014 and Dorsey even admitted he has personally invested in the cryptocurrency, although he didn’t reveal how much he had.

Notably, the entrepreneur revealed that his friends and family, who aren’t as tech-savvy as one would expect, have been asking questions about investing in the cryptocurrency. He stated that they keep asking him how they can buy bitcoin, as they heard it is “a fast easy way to make money” and that “someone said it’s like digital gold.”

In the interview, Dorsey went on to talk about the pros and cons of a decentralized digital currency like bitcoin. Regarding his friends and family asking him about the cryptocurrency, he concluded:

“It’s not about the currency at all to these people who asked me. It’s about the investment.”

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Filecoin ICO Raises Record $250 Million from Accredited Investors

Filecoin ICO Raises Record $250 Million from Accredited Investors

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Initial coin offering (ICO) investments have exploded in 2017, surpassing early venture capital (VC) funding for internet companies. Individual funding totals have ratcheted up throughout the year. In June, Bancor raised a then-record $153 million; today, that might be considered a disappointing haul for a high-profile crowdsale. EOS and Tezos quickly surpassed Bancor, raising $185 million and $232 million, respectively, during July. Now, the Filecoin ICO is leaving those token sales in the dust.

Filecoin ICO Sets Record in Accredited-Only Sale

Filecoin is a decentralized storage network that will use the peer-to-peer InterPlanetary File System (IPFS) to secure and store data. Simply put, users can get paid to donate their unused hard drive storage space.

Prior to the ICO, Filecoin raised $52 million from venture capital firms such as Andreessen Horowitz, Union Square Ventures, the Digital Currency Group, and Sequoia Capital. These investors received a discounted price (maximum $0.75 per token) in exchange for providing strategic advice and committing to a minimum vesting period of 1 year.

Despite strong competition from other decentralized storage projects such as MaidSafe and Storj, the Filecoin ICO launched on August 10 to much fanfare. One unique–and controversial–feature of the Filecoin ICO was that to comply with SEC securities regulations, only accredited investors were allowed to contribute. Since accreditation requires a high net worth, the average investor in the cryptocurrency community was excluded.

Despite these restrictions, the crowdsale was so popular that many users had trouble accessing the website, but Filecoin still managed to confirm more than $186 million in the first hour.

filecoin ico

Filecoin ICO Details

Early participation was key to maximizing one’s investment because the Filecoin ICO operates on a pricing model that increases token prices with every subsequent investment. After beginning at $1, the current price of a Filecoin token is $4.96. This is nearly 7x the maximum price paid by investors in the pre-sale VC funding round.

filecoin ico

Filecoin ICO Funding to Date

To date, the Filecoin ICO has raised nearly $199 million. When coupled with the $52 million in VC investments, this brings Filecoin’s fundraising total to a record-setting $251 million and year-to-date ICO investments ever closer to $2 billion.

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Bitcoin Price to Reach $5,000 This Year, Predicts Gatecoin CEO

Bitcoin Price to Reach $5,000 This Year, Predicts Gatecoin CEO

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Gatecoin, a Hong Kong based cryptocurrency exchange, expects bitcoin’s price to reach $5,000 by the end of the year, according to Bloomberg. The price prediction was headlined on “Bloomberg Daybreak: Asia,” which featured an interview with Aurelien Menant, Gatecoin’s CEO and founder, about the causes of bitcoin’s recent price surge and his expectations for continued growth. He said the markets are driving increasing interest in bitcoin.

“Another factor that is very important is the arrival of more and more institutional investors in bitcoin,” Menant said. “Historically we used to have a few hatch funds trading bitcoin in Europe and the U.S. Now we have around 60 or 70 of them that are starting to trade bitcoin.”

Some funds are now dedicated to digital currencies. “So this is definitely driving a surge in the price,” he said.

China Will Increase Regulations

Asked if he expects more regulation from China, Menant answered in the affirmative. “China is catching up with other countries like Japan or the U.S. that have already regulated bitcoin,” he said. Given that bitcoin’s market capitalization has reached $70 billion, “Obviously you need to have some rules in place to prevent money laundering, so to me it’s natural and rather a good thing that the governments and central banks are starting to regulate bitcoin.”

Asked if the popularity of bitcoin and cryptocurrencies is driven by the perception that they are safe havens, he said bitcoin is not dependent on traditional markets, central banks and other currencies.

“Another property of bitcoin is to make it impossible – I mean you own your own bitcoin so nobody can seize them, and in that regard when people are less and less trusting of government, the central bank or regular markets, bitcoin is even more efficient asset than gold,” he said.

Also read: Bitcoin price to reach $6,000 in 2018, predicts Wall Street strategist

Bullish Price Predictions Continue

While the bitcoin price pulled back from its all-time high this weekend, weighed down by a bitcoin cash price surge and disagreements over the SegWit2x scaling proposal, Wall Street strategist Tom Lee wrote a note to clients establishing a mid-2018 bitcoin price target of $6,000. He also forecasts that it could rise as high as $25,000 by 2022.

Lee – who co-founded Fundstrat Global Advisors and is bearish on the outlook for the stock market –  believes that the long-term prospects of the bitcoin price remain quite promising.

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2019: Which ICOs Are Now Thriving Firms? (Part 3 of 3)

2019: Which ICOs Are Now Thriving Firms? (Part 3 of 3)

This article was posted on Sunday, 13:54, UTC.

Just like every romantic encounter can produce a child who grows into a billionaire or a janitor, every ICO is creating a company or product which must now navigate its way into the world. In this three-part series, the author makes predictions on a few ICOs he believes will stand the test of time.

// — Discuss and ask questions in our community on Workplace. Don’t have an account? Send Jonas Borchgrevink an email — //

Often during this series, you will notice that the author is an active investor or participant in the thing he is writing about. We hope you keep this in mind when reviewing all forward-looking statements from the author, who is not a registered financial advisor nor wishes you to strictly follow his advice instead of your own intuition.

Read the first part of the series here and the second part here.

Aragon

We like Aragon as a long-term ICO play. Aragon has performed okay to date, in terms of token value, but we have to remember that we’re really only at the beginning of this whole blockchain thing. The more companies that want to integrate with the blockchain, the more that Aragon will become important in helping them get there.

We think that this software will probably revolutionize the adoption of the blockchain, at least for some. We think that other plays in this space are bound to do well in addition, because the space is wide open. We will periodically update with more ICOs in this category of long-term plays, but of our top three that we are currently aware of, Aragon certainly makes a nice third.

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The importance of Aragon and things like it is hard to understate. In particular, Aragon wants to enable the ease of fundraising through the blockchain. This would limit the number of ICOs by existing companies, which would be nice. In essence, if we’re going to fund ICOs, we want the generation of tokens that are going to hold some value.

As we can see above, the Aragon ICO went well enough. We’re still waiting on it to break the five dollar mark, let alone the ten dollar mark, but again, we call this a long-term play, and now would be a good time to acquire it, at least when it dips. Much like the Basic Attention Token [analysis link], we think that this is a token before its time, but still worth holding – in the same way it would have been prescient to buy and hold Bitcoin, Litecoin, and Dash in 2015.

P. H. Madore

P. H. Madore

http://phm.link

P. H. Madore lives in Arkansas with his wife and children. He has covered the cryptocurrency beat over the course of hundreds of articles for Hacked’s sister site, CryptoCoinsNews, as well as some of her competitors. He is a major contributing developer to the Woodcoin project, and is currently nearing the completion of a cryptocurrency exchange in concert with the firm he primarily works for, Vermont Secure Computing Consultancy.

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IOTA Unveils Flash Network, Allowing for true Nanopayments

IOTA Unveils Flash Network, Allowing for true Nanopayments

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The vision behind the IOTA Foundation’s distributed ledger protocol, the Tangle, has always been twofold: unlimited scaling and zero fees. Using a unique, non-block based system, the Tangle promises to deliver just that. Since the listing on Bitfinex, the IOTA Foundation has seen incredible growth, both in the form of increases in value as well as striking up several significant research projects to put their tech to the test. Enter the Flash Network.

Pushing the Tangle Forward

The Flash Network is a protocol layer that functions in parallel with the Tangle and is designed specifically to facilitate the volume of transactions IOTA’s network is designed to handle. While it might seem confusing that a network purported to have unlimited scaling ability would need any sort of additional layer to handle transactions, the Flash Network is a support system to allow for instantaneous validation of nano-payments at high-volume, such as paying for each second of charging an electric car, until the maturity of the IOTA network is sufficient to where this can all be done on-ledger. In other words ‘Flash Network’ is a stepping stone towards IOTA’s full inherent potential.

What allows the Tangle to circumvent the scaling and transaction fee challenges faced by traditional blockchain is the use of a direct acyclic graph to process transactions added to the network. Traditional blockchain runs into scaling issues because users transacting and the validation of said transactions are siloed and often at odds with each other. Marrying validation with transacting, the DAG-based system allows for each transaction entering the network to validate previous transactions, thus enabling the throughput of on-ledger transactions to scale in conjunction with the validation.

Validation in a Flash

As Flash Network lead developer Paul Handy explained, if a user wanted to pay someone a nano-payment for each second of a service, the user and the recipient would have to wait for enough additional transactions to be added to the Tangle to validate the high volume of nano-payments per second. Though the math and technology behind the network are significantly more complex, essentially with the Flash Network, users can open parallel channels “prepaid” with the appropriate amount of MIOTA; these channels can encompass significant quantities of transactions and a transaction added to a Flash channel is as good as confirmed, granting near-instantaneous validation. The Flash channels then compress all transactions contained within to a single instance on the Tangle.

At first glance, the Flash Network may invite comparison to the Lightning Network or Raiden, both protocols designed to handle transactions on the blockchain. Flash, however, is inherently different. “From my perspective,” said Handy, “the Lightning/Raiden solution seems to be a “Layer 2” attempt to solve an open scalability problem with blockchain, and higher expected throughput is a result.” Flash, on the other hand, is specifically designed with throughput in mind. “The problem we seek to solve with Flash is high-throughput of transactions, and perhaps we’ll see some other helpful side-effects as a result.”

The Future of the Tangle

As the IOTA Foundation and their research partners continue to develop and test new use-cases for the Tangle and the technology becomes more widely adopted, the transaction volume will organically increase as seen in other distributed ledger environments. Eventually, the network will reach a critical mass of users and nodes, establishing a base volume of new transactions that will ensure user transactions, even at a micro-scale, will be validated almost instantly.

Founder of IOTA David Sønstebø said:

We are very happy to unveil the Flash Network as it enables the IOTA project to already now start deploying these real world use cases of high throughput which it was built for leading up to the point where the public Tangle grows to the size where validation is so expedient that all of these transactions can be done on-ledger, or on-Tangle, unlike current blockchains which are forever stuck on ad-hoc, off-chain solutions. Because Flash only defines the relationship between two users in a channel due to the underlying IOTA network has being void of transaction fees, we bypass the focus on routing mechanism that would, amortise costs. This unique aspect of Flash is vital for microtransactions. There is already a lot of corporates preparing to deploy the Flash Channels for upcoming projects, further cementing IOTA as ‘the’ ledger’ for real world usage…

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Next Level Token Rewards Gamers for Their Skill with Digital Currency Tokens

Next Level Token Rewards Gamers for Their Skill with Digital Currency Tokens

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The video-game industry has exploded in the past few years. According to a study published by Newzoo, the global gaming market is expected to reach $108 billion this year, and $128.5 billion by 2020.

However, only a small minority of gamers are actually rewarded for their abilities and manage to become sponsored professional players. Most just buy a game, learn how to play properly, enjoy the competitive scene for a while, and then move on.

Enter the Next Level Token (NLT), a blockchain-based solution that rewards players with digital currency tokens when they win multiplayer matches, so as to promote a strong competitive community and guarantee an interest in cryptocurrencies. These tokens can then be used to purchase in-game upgrades, or be cashed out for real world value.

Uniting the Blockchain and Gaming Industries

Next Level Token is already developing games that will be connected to its blockchain. Its flagship, Diplomatic Deathmatch, already has a demo version available on app and has been well-received. Mini arcade games are also being developed for less skilled players to be a part of the Next Level Token Economy.

As stated, players will be awarded tokens for winning multiplayer matches. These tokens can be used on items, game improvements, or be cashed out. As more tokens are given, the more the value of each of these tokens increases, while the amount paid per victory is reduced to increase scarcity. The games apply a small transaction fee when awarding the tokens through an Ethereum smart contract.

When there are less than 20 million NLT tokens in circulation, a subtoken will be created to increase NLT’s value. This means players will either have NLT tokens by winning competitive matches and tournaments with their skills, or by purchasing them from Next Level Token.

Next Level Token’s end goal is to help by introducing gamers to the cryptocurrency ecosystem, by providing them a user-friendly introduction, as all they have to do to earn tokens is win multiplayer matches. Soon enough, through experience, players will be immersed in blockchain related terminology and will be familiarized with cryptocurrency wallets, markets, and regulations.

The ICO

The Next Level Token’s ICO started on August 14, and will end on August 31. NLT adheres to the SEC’s securities guidelines and ensures that ICO investors will receive quarterly financial statements that outline where the funds are being spent. Issued tokens won’t be viewed as securities, but as a digital asset given for in-game value.

Early ICO investors have an edge over their competitors, as they will have access to exclusive content, which means they can get to know the game before others. However, at the end of the day, winning games will come down to skill.

Tokens can be purchased with Ethereum (minimum 1 Ether investment), or with a debit/credit card. You can keep up with the project using Facebook, and Twitter. Users are thoroughly advised to read the project’s whitepaper.

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CCN Interviews Bytecoin Community Leader Jenny Goldberg

CCN Interviews Bytecoin Community Leader Jenny Goldberg

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The Bytecoin developers are notoriously hard to track down. Until the last 8 months or so, no consistent community voice emerged. Now in Jenny Goldberg, the Bytecoin development team has a way to communicate its aims to the public. CCN got on the line with Goldberg on Wednesday, and the following is what she had to say.

CCN got on the line with Goldberg on Wednesday, and the following is what she had to say.

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Indorse Utilizes Ethereum to Improve Social Networks and Online Reputation

Indorse Utilizes Ethereum to Improve Social Networks and Online Reputation

Blockchain technology finally provides the tool that can allow social networks to reward users for their network contributions and at the same time give them complete control of how their personal data is used.

The Indorse platform, which uses Ethereum as its compute engine and the Inter Planetary File System (IPFS) as its storage mechanism, uses rewards and a reputation system to encourage members to contribute their skills and “indorse” those of other members.

Led by a team of experienced blockchain entrepreneurs, engineers, consultants and fintech experts who believe that the existing model of how people interact with online social networks is deeply unfair towards the end user and flawed in how information is accurately portrayed, Indorse enables members to benefit from the time they spend curating their digital lives and leverage their attention, which is in higher demand than at in any time in history.

Such a platform, which is currently undergoing an ICO, has the potential to become a more vibrant social network for professionals and create a more opportune medium for advertisers. Advertisers will be incentivized to buy space on the platform using Indorse (IND) tokens.

Indorse’s talent acquisition revenue and advertising models distribute profits to the active community members as rewards for continually posting verifiable information and for verifying the information of others.

Beyond being paid in tokens, the identity and personal brand that members build for themselves on Indorse will be portable into other social networks and (D)apps. This allows the identity that a member builds on Indorse to be an asset in and of itself.

Indorse Pte. Ltd., a Singapore-based blockchain company, is developing Indorse under the leadership of its founders, Guarang Torvekar, CTO, and David Moskowitz, CEO. Torkevar co-organized the Ethereum Singapore Meetup while Moskowitz co-organized the Bitcoin Singapore Meetup.

Recognizing Existing Deficiencies

Torkevar and Moskowitz recognized concerns about data protection, personal privacy and information ownership undermining the value of existing social media networks. This is unfortunate, since the value of a social network is based on the number of users. Interactions build profiles, and members’ ability to spend money attracts advertisers.

“Networks such as LinkedIn (and of similar service offerings) have never been able to pass the litmus test of accurate sharing of information, leave aside letting its users also benefit from the growth,” said Indorse COO Dipesh Sukhani. “One cannot simply rely on the information put up; every single claim has to be tested separately, which means time costs! As an ex-Big4 consultant, I was always on a hunt for my clients to write me testimonials, so as to add that extra edge to my credentials. We at Indorse make that step the first stepping stone, i.e., community based endorsement.”

Indorse has focused on the central weakness of the current social media network model. Social media network providers look to advertising for revenue by requiring members to grant rights to their information to the provider and selling these rights to advertisers. Hence, social media is not free, but paid for by intrusions of privacy.

Centralization of social media also places the platform under the control of its providers. The concentration of power in the hands of platform providers leads to the potential for abuse. Facebook moderators, for instance, censored a picture showing atrocities of the Vietnam War due to nudity, missing the point of the photograph’s intent.

Indorse, by providing a decentralized, transparent platform, removes the potential for this type of abuse.

Recognizing A Solution

Torkevar and Moskowitz also recognized that Ethereum and similar technologies are allowing new economic models that will enable more people to benefit from the products they consume. Indorse will allow content contributors to be rewarded for their content while those making incorrect “indorsements” will be penalized.

“We envision a serverless, decentralized future, where the users will build their profiles and profit from their reputation,” Sukhani said. “This future will need a decentralized platform where others can judge the quality of a person’s profile not just by where they have gone to school, but what they have actually done in their professional and personal lives.”

Each member can act as both a claimant and a moderator on the platform.

The claimant makes a “claim” connected to his profile that can be either professional or personal. With every claim, the claimant attaches at least one proof of information. The moderators then verify and either “indorse” it or flag it.

Key Mechanism: ‘Indorse Score’

A unique Indorse functionality called “Indorse Score,” similar to proof of stake, will allow claimants to stake their claims. If the claim is approved or the “indorsement” supported by other users, the member’s reputation increases.

A claimant’s rewards are automatically converted to IND tokens that are paid to the platform for advertising and other services obtained by business customers for the period.

Members will be reluctant to participate in the “indorsing” process if the claim is too subjective since they would be more likely to reduce their Indorse Score.

A member who continues to indorse against the majority, either through frivolous claims or by indorsing in a dishonest manner, will see their Indorse Score suffer. Once it reaches a minimum score, the member will only be able to improve the score by making “correct” indorsements over a period of time.

When a member makes a claim, they will either choose random indorsements or get the claim verified from an influencer on the platform. To be verified, the member has to pay with their Indorse Rewards or their SCR tokens. If they get random indorsements, the platform chooses indorsers based on their level of separation from the member.

Creating A Community Through A Token Sale

Early supporters in the token sale, which began Aug. 8, 2017, will receive SCR tokens in addition to IND tokens. They will also begin with a minimum Indorse Score that will allow them to indorse one claim at a time. It will take time to earn a higher Indorse Score.

The presale of 17,000 ETH was completed in a matter of days, and 50% of the hard cap has already been met.

The initial sale of IND tokens will be made via ETH. One thousand IND tokens will be distributed to participants per 1 ETH. IND tokens sent to sale participants will comprise about 35% of the total supply, about 37.71% of the total supply will be set aside for future use, while 25% will be held by the network administrators. The remaining 2.29% were issued to seed round supporters. The token sale exceeded its 15,000 minimum by Aug. 13.

Third Party (D)apps

The platform will integrate with several third party (D)apps that will allow Indorse to integrate with the larger Ethereum community to build a bigger network effect.

The combination of a more decentralized social network that protects user privacy and rewards them or their network contributions will create a more vibrant network that will naturally attract advertisers who want visibility on the network.

This is a sponsored story.

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More Than $7 Million Was Invested in DMarket during the First 24 Hours of Token Sale

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.

The first global marketplace for cross-platform game trading has received more than $7 million investments during the first day of the token presale.

As Volodymyr Panchenko, the co-founder and CEO of the project has noted, “This sum has already exceeded the half of our hard cap. It is a clear indication of the trust the investors put in our product”

DMarket opened their initial coin offering on August 17, 2017. The sales last only 96 hours. The company is intending to trade up to 50 million of DMarket tokens overall (the exchange rate during the first stage is 1000 DMarket tokens for 1 ETH). Up to $2.5 million were contributed during the presale. The contributors were mainly represented by investment companies and private investors. Pantera Capital, one of the most influential investment funds among those that specialize in blockchain and the biggest bitcoin owner among the venture capital firms, has supported the project.

DMarket is the first global marketplace for trading in-game content. DMarket tokens will become the major currency for the new gaming economy. Gamers will use them to sell, buy and barter items from any game on the new marketplace.

Vladimir Panchenko emphasizes that the number of transactions within the service will gradually grow, as will the value of the tokens. Given the fact that the number of issued tokens is strictly limited, this will provide the best guarantees of the coins’ value.

The next “opportunity window” for investors will open in November 2017, during the second stage of the DMarket token sale. The price will be 25% higher compared to the first stage (750 Tokens for 1 ETH). The company is not planning to hold an additional emission of tokens after the end of the second token sale.

DMarket will create opportunities for trading virtual goods for gamers from all over the world. Until now, only 6% of 2.2 billion gamers had such a privilege.

The cumulative revenue of the gaming market reached $100 billion in 2016. It is estimated that this sum will amount to $128 billion in 2020.

About the DMarket Team

  •    Vladimir Panchenko is the founder and CEO of the DMarket. He is the #1 private merchant of computer games, with more than 15 million copies sold via eBay, G2A, and Kinguin in the past five years. He is also the founder of SkinsCash, the second largest marketplace for in-game items trading (more than 12 million items sold in 2016, $50M total annual revenue).
  •    Alexander “ZeroGravity” Kokhanovsky is the co-founder of the project with 17 years of experience in eSports, and the founder of Na’Vi (Natus Vincere), one of the most popular and successful eSports teams in the world. In 2016 he became a shareholder of ESForce Holdings, the third largest eSports establishment in the world with the total investments amounting to $100 million.
  •    Andrei Havrutchenko is the blockchain architect of the project, with more than 26 years of experience in software development and four years of experience in cryptocurrency development. Andrei is the senior developer of the DASH cryptocurrency, which is included in the list of top 10 world cryptocurrencies with the market capitalization of $1,4 billion.

Check additional info about the project at www.dmarket.io.

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