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Golden Fleece Token – First Georgian Cryptocurrency Mining Project Utilizing Green Energy

Bitcoin Press Release: Golden Fleece is a Georgian cryptocurrency based on the ERC20 platform, with an altcoin mining business model.  Golden Fleece looks to raise $40 million to make this a reality, via its’ public-released ICO, which runs until march 2019

Nov 5th, 2017, Tbilisi, Georgia – Being the first Georgian cryptocurrency, Golden Fleece looks to make not only a local impact, but also an international impression with their project. Golden Fleece looks to raise $40 million during their ICO, in order to fund construction of a 20MW Datacenter, with capacity increases in the future to remain competitive and profitable.

The $40 million will be used to build mining rigs, which cost on-average $2,500 per rig. Golden Fleece looks to make over $12 million in revenue the first year, with predicted increases to almost $100m by year three. More details can be found by accessing the whitepaper.

Golden Fleece will be distributing dividends to coinholders, but they are switching it up with two unique traits. One of them being the percentage of the payout: 50% of revenue will be given to stakeholders. The second trait, is that the dividends are only applicable to token holders holding a minimum of 10,000 GFL tokens.

$400,000 has already been invested in a pilot mining data center, which boasts a predicted return of 7% monthly. Electricity consumption is to reach 20MW through five stages; the first year will see the first two stages, with total capacity being upped to 5MW. Year two will see the next two stages, to bring an additional 10MW.

The hardware will come from Singapore and Dubai, and will mostly utilize Nvidia P106-100, GTX 1070’s, and AMD RX 580 cards for mining, which through careful planning have been optimized to bring a positive rate of return. Computing power will be split, offering an operation with a portfolio of 50% Ethereum, 10% ZurCoin, 10% DASH, 10% Zcash, and 20% Bitcoin. The team believes that this split in mining assets leverages its’ ability to offset market volatility.

Golden Fleece ICO

To fund the development of the mining centre, Golden Fleece are holding an ICO, where their native GFL tokens are being sold. 350,000,000 GFL tokens in total will be created, with the first Round of 100,000,000 having just closed on October 31st. Round 2, 3, and 4 will continue to raise more money,, all the way until the end of March in 2019, by which point the project will be in full-swing, offering positive returns for contributors.

Learn more about Golden Fleece at: http://www.goldenfleece.co/
Read the Golden Fleece Whitepaper: https://goldenfleece.co/-/~/m/u/ck/files/Golden%20Fleece%20White%20Paper%20v%203_0.pdf
Learn more about the ICO: https://goldenfleece.co/#aboutico
Meet the Team: https://goldenfleece.co/#team
Read the Latest News: https://goldenfleece.co/#news

Media Contact
Contact Name:
Contact Email: contact@coinhelper.org
Location: New York, USA

Disclaimer: Golden Fleece is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. ROI cannot be guaranteed. Readers are urged to make investment decisions at their own discretion and the company will not be responsible for the outcome of such decisions. This press release may contain certain forward-looking statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations they are based on will occur.

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The post Golden Fleece Token – First Georgian Cryptocurrency Mining Project Utilizing Green Energy appeared first on Bitcoin PR Buzz.

Source: Bitcoin Press Releases
Golden Fleece Token – First Georgian Cryptocurrency Mining Project Utilizing Green Energy

UTRUST Breaks $10 Million Soft Cap on Opening Day of Public ICO For Blockchain Payments Platform

Bitcoin Press Release: UTRUST has surpassed its $10 million soft cap target on only the first day of its public ICO on November 2nd 2017, picking up where it left off from the intense demand during its pre-ICO, which sold out in 90 minutes. The digital payments platform is set for reaching its milestone of raising $49 million in financial leverage.

November 3, 2017, Zug, Switzerland: Barely a day after the launch of its upgraded ICO, UTRUST continues to surpass expectations, with a high demand for its tokens pushing the total funds raised to $10 million. Having achieved the soft cap target, UTRUST now has a strong foundation upon which to achieve its mission of disrupting online payments with cryptocurrency.

The surge in token sales on opening day likely benefited from UTRUST’s ICO being one of the few of its kind to welcome conditional participation from US citizens. Accredited US investors are allowed to buy tokens on a first come, first served basis, and are subject to a 12-month vesting period applied to tokens sold.

Interest and demand for UTRUST tokens have been further buoyed by recent developments with regards to regulatory adjustments, which ensures that the ICO adheres to all rules and regulations by financial entities in the Swiss jurisdiction. This is in line with the startup’s commitment to protect customers by ensuring a legally-compliant and future-proof platform.

The project continues to gain pace and build momentum with multiple appearances at several key blockchain conferences scheduled across the globe. The UTRUST team carry the key messages of UTRUST’s mission to bridge some 2.5 billion unbanked people and merchants to the global financial economy through the innovative features of blockchain-based cryptocurrency.

UTRUST offers a simple solution focused on consumer protection. Acting as a mediator for transactions, both parties to transactions are relieved of liability. Users can purchase goods and services while merchants get paid, using their choice of cryptocurrency or traditional fiat.

About UTRUST

UTRUST has currently raised $10 Million and reached its soft cap in its ongoing public ICO.

UTRUST is the world’s first cryptocurrency payments platform to implement consumer protections on a mass scale. The company is building a global PayPal–like payments platform with extensive cryptocurrency support.

UTRUST’s end goal is to provide all the benefits of fast, secure, convenient, and inexpensive cryptocurrency transactions, in tandem with the world’s first cryptocurrency payment protections, which consumers need to fully embrace blockchain technology en masse.

With 2.5 billion unbanked people in Emerging Markets yet to benefit from financial inclusion, UTRUST is also planning to build the bridge to enable the unbanked worldwide to access the mainstream global financial system.

UTRUST ICO and Tokens

UTRUST’s public ICO launched on November 2nd to obtain a financial leverage of up to $49 million. The company will use the collected funds to establish key industry partnerships and to develop the world’s first PayPal-like cryptocurrency payments platform. The ERC20 compatible tokens are created over the Ethereum protocol, and can be used as a means of payment on UTRUST’s payment gateway along with other cryptocurrencies.

UTRUST’s token can be used for making zero fee payments to the thousands of merchants accepting any cryptocurrency via UTRUST, and be traded against other currencies on supported exchange platforms.

UTRUST will allocate a certain portion of the revenues to buyback and destroy the tokens in circulation. Being a deflationary currency by design, the demand for UTRUST tokens will increase with time, which combined with buyback should lead to appreciation in its market value.

To learn more about UTRUST’s ICO please go to: https://utrust.io/ico

The Team

UTRUST is backed by a highly experienced team from various sectors including corporate management, startups, payments, cryptocurrency development, law, finance, and computer science. Some of the prominent members of the team include:

Nuno Correia, CEO

Nuno Correia is an early cryptocurrency investor who has been involved in the cryptomarkets since the beginning of 2011. Having founded multiple B2C businesses in the past, Correia has a background in Law and Marketing, and his passion lies in transforming the future of digital payments.

Filipe Castro, CIO

Filipe Castro holds a business degree from MSENG and is passionate about disruptive technologies. He has experience developing electronic payment systems and other software solutions during the early days of his career. Castro is engaged in business development and strategic development of new ventures.

Artur Goulão, CTO

Artur Goulão comes with previous experience in the payments industry. He has previously donned the role of a CTO in one of leading digital payment platform and is currently serving as the Head of Development at a Swiss-based Cybersecurity company. With a background in computer science from IST and MIT, Goulão is well-acquainted with both classical and blockchain smart contract based approach.

Roberto Machado, CPO

Founder and Product Manager at several startups prior to UTRUST, he has been leading different teams to build highly-reliable software products, with a focus on the end user experience. Previously, he has worked together with major international companies such as AT&T, Betfair, Airtel, and Uphold, being responsible for the vision outline, goals and product strategy of solutions used by millions of users.

Other significant team members include Luis Ferreira as Head of Engineering; Laura Esteves as Head of Operations; Joao Ferreira as Head of Design; Nick Olender as Head of Sales and Partnerships; and Francisco Baila as Product Designer. UTRUST has a team of software engineers like Miguel Palhas, Gabriel Poca, Ronaldo Sousa, Fernando Mendes, Bruno Azevedo, Pedro Costa, and Joao Justo.

UTRUST’s diverse advisory team includes Francisco Maia, Francisco Cruz, Joao Paulo, Sergio Viana, Marc Howland, David Dryan, Daniel Pierce and Sascha Benz.

Learn more about UTRUST: https://utrust.io
Join UTRUST on Telegram at: https://t.me/utrustofficial
Read the UTRUST Whitepaper: https://s3-eu-west-1.amazonaws.com/utrust/UTRUST-whitepaper-v1.0.1.pdf
Visit UTRUST on bitcointalk: https://bitcointalk.org/index.php?topic=2078433.0
Learn more about UTRUST’s ICO: https://utrust.io/ico
Follow UTRUST on Twitter: https://twitter.com/UTRUST_Official
Join UTRUST on Facebook: https://www.facebook.com/utrust.io/
Read UTRUST’s posts on Medium: https://medium.com/@UTRUST

Media Contact

Contact Name: Nuno Correia, UTRUST CEO
Contact Email: nuno@utrust.io
Contact Phone: +41 22 518 70 77
Location: Zug, Switzerland

Watch UTRUST‘s new video here:

UTRUST is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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Source: Bitcoin Press Releases
UTRUST Breaks Million Soft Cap on Opening Day of Public ICO For Blockchain Payments Platform

Blockchain Fintech Firm, MicroMoney Starts a Private Presale for EARLY BIRDS

Bitcoin Press Release: MicroMoney, the Singapore based fintech company, announces private presale.

September 23, 2017, Midview City, Singapore –  MicroMoney, a global fintech blockchain company and lending services provider, announces a private presale for its token-generating event for the early birds among funds and big contributors. This presale started on September 15th, 2017.

MicroMoney is a fast-growing company founded in 2015 with the offices in five Asian countries – Thailand, Myanmar, Indonesia, Sri-Lanka, and Cambodia. The company plans to expand its presence to 5 more countries by 2018. MicroMoney was established as a company focused on micro-financing in the money lending industry, providing customers with online loans without any collateral requirements using machine learning algorithms.

There are still more than 2 billion of the unbanked in the world, especially in the emerging market. These people are excluded from local and global economies as they are still using cash and don’t have access to basic financial services. Taking out a loan is a great challenge for them as well unless they have a credit history.

With over two years track record in providing stable, mature businesses on emerging markets, MicroMoney will solve the problem of the unbanked and unbankable by using blockchain technology and artificial neural network to provide financial inclusion into the global crypto economy.

The private presale campaign was designed only for funds and significant token-buyers with the target to reach $2,000,000 during this stage and $30,000,000 by the end of the whole token-generating event.

Learn more about MicroMoney athttps://micromoney.io/

Media Contact
Contact Name: Vladimir
Contact Email:grin@micromoney.io
Location: Midview City, Singapore

MicroMoney is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

About Bitcoin PR Buzz:

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 5 years. Get your own professional Bitcoin Press Release. Click here for more information about Bitcoin PR.

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Source: Bitcoin Press Releases
Blockchain Fintech Firm, MicroMoney Starts a Private Presale for EARLY BIRDS

Avalon Life Puts Land Ownership on Blockchain, Launches GREEN EARTH ZERO Service with NEM Technology

Bitcoin Press Release: Avalon Life announces Green Earth Zero tokens, makes buying less than one square meter of land possible in Costa Rica.

May 15, 2017, San Jose, Costa Rica – Avalon Life, a cryptocurrency mining company has announced the launch of an innovative GREEN EARTH ZERO service, backed by the namesake Green Earth Zero token. Created using the NEM blockchain technology, GREEN EARTH ZERO service enables participants to own land by the square meter in Costa Rica.

Avalon Life has incorporated a simple, easy to use three step process for the users to sign up and buy Green Earth Zero tokens directly on the blockchain platform in a quick and secure way. Avalon Life has developed a customized blockchain wallet based on NEM technology to release this service.

The CEO of Avalon Life Tom Koller, explaining the choice of NEM over other technologies said,

“We use NEM because of its customizable features, assets, and security measures. It is the only platform advanced enough to launch GREEN EARTH ZERO that has proven over time to be secure and reliable.”

Participants in the GREEN EARTH ZERO project can try out the platform’s cryptocurrency wallet at www.greenearthwallet.com for free, sign-up and manage their tokens and cryptocurrencies at any time. The project is considered as a breakthrough in the financial technology because, for the first time in history, a blockchain technology has rolled out a real-world service where ownership of a piece of land is managed on the blockchain with a token. Avalon Life is looking into a promising future where many people realize that owning land on the blockchain means security and decentralized registry of land ownership.

About Avalon Life S.A

Avalon Life is a company committed to the production or “mining” of DASH, a digital currency similar to Bitcoin. Avalon Life maintains five mining facilities in Costa Rica and Switzerland, with plans to expand its mining operations across the globe. The head office of Avalon Life S.A. is in Costa Rica, Calle Blancos del Colegio de Microbiólogos 50 metros al Oeste, San Jose (Goicoechea) 20801. The company was registered in HR San Jose as a limited company in May 2016 under the registration number 3-101-715204.

About NEM

NEM is an out-of-the-box blockchain platform launched in March 2015. NEM has some of the best-designed blockchain features which include multisignature account contracts, customizable assets, a naming system, encrypted messaging and an Eigentrust++ reputation system. The NEM blockchain software and its successful permission-chain adaptation, “Mijin” are being tested by financial institutions and private companies in Japan and internationally.

Learn more about Avalon Life S.A. at – http://www.avalon-life.com
Try out Green Earth Wallet at – http://www.greenearthwallet.com
Know more about NEM at – https://www.nem.io/

Media Contact

Contact Name: Tom Koller
Contact Email: avalonlife@protonmail.com
Location: San Jose, Costa Rica

Avalon Life is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

About Bitcoin PR Buzz:

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Source: Bitcoin Press Releases
Avalon Life Puts Land Ownership on Blockchain, Launches GREEN EARTH ZERO Service with NEM Technology

DNotes Launches New Website – Aims to Bridge the Gap Between Centralized and Decentralized Worlds

Bitcoin Press Release: The new, updated DNotes website is user-friendly and reflects the latest developments in the blockchain platform and its various initiatives.

May 12, 2017, CHICAGO, Illinois – After a period of relative silence as the DNotes team migrated from ecosystem building to technology development; the company recently launched its new website – showcasing one of its many initiatives to bridge the gap between the centralized and the decentralized world.

Co-Founder Alan Yong, a well-regarded visionary, successful entrepreneur, and author of “Improve Your Odds – The Four Pillars of Business Success” observed that mass acceptance of Bitcoin and other digital currencies would not be achievable unless there are deliberate and large-scale global initiatives. These initiatives should bridge the gap between the dominant centralized world and the new decentralized world of digital currency and financial technologies (FinTech).

As Yong explains,

“For any digital currency to be adopted on a global scale, it must be completely accessible and suitable for use by everyone in the world – regardless of wealth or technical knowledge.”

DNotes is a decentralized digital currency founded with a purpose, designed with the common person in mind. For over three years DNotes has been reaching out to segments of the population that are under-represented in the digital currency community and stand to lose out on tremendous amounts of potential wealth due to that exclusion.

With the launch of projects like DCEBrief, DNotesEDU, CryptoMoms, and DNotesVault, the DNotes team has strived to reach out beyond the industry to inform, educate, and encourage the participation of underserved demographics, including the female population. Visitors to the new website will quickly recognize that DNotes has created a robust ecosystem, with rich content designed to eventually pave the way toward mass acceptance of its digital currency.

The DNotes Difference

Yong and his team pride themselves on doing things differently than others in the cryptocurrency community. As the company’s website notes:

“DNotes is different. We’ve strategically positioned the DNotes digital currency as a solution to the challenges of gaining mass adoption and meeting the full functions of money as a unit of account, a medium of exchange, and a store of value. Our vision has been focused on building a trusted digital currency that is superior to fiat currency, conveniently available to everyone in the world, and capable of serving as a supplement to fiat currency in commerce around the globe.”

DNotes’ path to achieving those goals has been different as well. The company has focused on strategically building the foundation for an integrated ecosystem that will seamlessly bridge the divide between decentralized digital currency and the centralized world of finance and commerce. According to Yong,

“DNotes’ superiority as a digital currency cannot be fully realized until its technical representation and simplicity are equal to that of traditional money. Our infrastructure will eventually include a full array of frictionless financial services that enable account holders to save, store, spend, convert, and transfer DNotes as easily as any fiat currency.”

What Makes DNotes Different?

DNotes puts ease-of-use near the top of its priority list. While the general public has been bombarded with tech jargon and overly complex hype, DNotes has made a conscious effort to reach everyone and simplify the user experience. DNotesVault was released in 2015 as part of that pledge to simplify things. It is easier to open a DNotesVault account than it is to open a new bank account, and the company offers several different Cryptocurrency Investment Savings Plans for account holders.

DNotes has not only been committed to simplifying cryptocurrency use but has also been educating the general public since 2015 – using DNotesEDU to provide basic cryptocurrency education and promote financial literacy. Dedicated volunteers operate DNotesEDU, funded by donors from the DNotes team.

A Foundation For Success

Based on the well-founded principles described in The Four Pillars of Business Success, DNotes has deliberately taken a much different approach than its cryptocurrency peers. DNotes has spent three years laying the foundation to execute the next stage of the company’s plan as it draws closer to its goal of creating a global payment network that is more efficient than traditional networks and easier to use. To help facilitate this lofty goal, DNotes Global Inc. was incorporated in the State of Delaware in 2016, with the platform’s cryptocurrency holders retaining 25% equity in the new company.

For DNotes, every move is made with optimal timing in mind. Every piece of DNotes’ infrastructure is a vital component that enables the company to scale and service the world’s financial needs at substantially lower cost. The highly-anticipated release of DNotes 2.0 will move the company one step closer to its goal of providing the superior innovation and technological leadership the industry needs for mass acceptance.

To learn more, or to get started with DNotes go to http://dnotescoin.com/.

Media Contact

Contact Name: Alan Yong
Contact Email: contact@dnotescoin.com
Location: Chicago, Illinois

DNotes is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

About Bitcoin PR Buzz:Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 5 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information.

 

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Source: Bitcoin Press Releases
DNotes Launches New Website – Aims to Bridge the Gap Between Centralized and Decentralized Worlds

Fit&Funky Starts Selling Fitness Apparel for VEROS Cryptocurrency

Bitcoin Press Release: Fit&Funky, the Swiss dance-fitness company, has started accepting VEROS cryptocurrency on its online shopping portal.

March 14, 2017, Singapore – Fit&Funky customers can now buy dance fitness clothes online with VEROS cryptocurrency. The European company, operating since 2013 is entering the Asian market with its fitness services. Fit&Funky specializes in dance workout routines that combine all key elements of a balanced training which include aerobic warm up, intense choreographed bodyweight exercise, dance moves and stretching.

The outfits on Fit&Funky web-portal and social media platforms are designed and supplied by GFit, a Malaysian fitness event organizer, and workout gear designer. GFit is a lifetime partner and distributor for Fit&Funky since 2017.

Fit&Funky and GFit, with plans for global expansion, find alternative payment methods like cryptocurrencies as great opportunities for further growth. Exploring the use of cryptocurrencies, GFit has become one of the first merchants to accept VEROS (VRS) for goods earlier this year. Fit&Funky follows GFit’s footsteps by beginning to accept VRS payments on its online shop, starting March 2017.

Explaining the rationale behind VEROS acceptance, Navanita Sgambato — one of the founders of Fit&Funky said,

“Our fitness clients represent a huge network, in which the boundaries like age, gender, and social status do not exist. The VEROS community also resonates with this idea and presents a great chance for us to enter the global market seamlessly”

Cryptocurrency VEROS is based on the Ethereum blockchain, which is extremely safe and efficient. It aims to achieve a massive user adoption with the aid of its core features such as transparency, security, ease of use and high compatibility with other platforms and payment gateways. The development team behind VEROS based in Romania and Singapore is extremely open-minded and receptive to fruitful collaborations.

VEROS intends to achieve its goal of mass adoption by using Crypto-One-Stop-Solution (COSS) platform. COSS platform encompasses all the features of a digital economical system. Launching officially in April 2017, the VEROS fueled COSS platform aims to shape the foundation for a community of cryptocurrency users comprising of companies, startups, employers, employees, traders and gamblers in what promises to be a very viable market.

From February 15, 2017, till March 7, 2017, the GFit team has already organized 15 events in Singapore and Malaysia, featuring Fit&Funky on their Asian tour. One of the tour’s highlights was the Fit&Funky Fitness Party held on March 4, 2017, in Johor Bahru, Malaysia at Horizon Hills Golf and Country Club. The event sealed the partnership between VEROS, GFit, and Fit&Funky. As a part of this partnership, the latter will soon include VEROS payment method to its online shop.

About Fit&Funky

Fit&Funky™ is a dance-fitness company founded in Switzerland, promoting funky dance workouts with an all-in-one training concept. More details about the company’s Asian tour are available on Fit&Funky Asia Facebook page and website.

About GFit

GFit is a fitness event host and organizer headquartered in Malaysia. GFit designs and manufactures its own fitness apparel which can be bought with VEROS cryptocurrency. GFit fitness garments can be purchased here.

About VEROS

Launched on 2016, VEROS is a secure and transparent cryptocurrency, implemented on the Ethereum blockchain. VEROS is designed specifically for massive adoption and everyday use.

Learn more about Fit&Funky at – http://www.fitandfunky.ch/en/home/
Shop on Fit&Funky at – http://www.fitandfunky.ch/en/shop/women/tops/
Learn more about COSS at – https://coss.io
Find GFit on Facebook at – https://www.facebook.com/GFIT.GLOBAL/?fref=ts
Learn more about VEROS at – https://veros.org
Watch Fit&Funky Video on – https://www.youtube.com/watch?list=PLz2-MB3mKvkNqH_fTvKLWN1Pe767fRYI8&v=jwqfsa7bqk0

Media Contact

Contact Name: Maria
Contact Email: maria@coss.io
Location: Singapore

 Fit&Funky is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

 

About Bitcoin PR Buzz:

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information.

The post Fit&Funky Starts Selling Fitness Apparel for VEROS Cryptocurrency appeared first on Bitcoin PR Buzz.

Source: Bitcoin Press Releases
Fit&Funky Starts Selling Fitness Apparel for VEROS Cryptocurrency

ARK Mainnet Goes Live on March 21, 2017, Token Distribution to Follow

Bitcoin Press Release: ARK blockchain ecosystem gears up for the mainnet (main blockchain) launch on March 21, 2017.

March 9, 2017, France – The blockchain ecosystem, ARK proudly announces the launch of its mainnet — the ARK blockchain on Tuesday, March 21, 2017. Along with the genesis block, the platform will also generate all the ARK tokens for distribution amongst the Token Exchange Campaign (TEC) participants.

A result of few months of extensive coding and testing, the mainnet launch will mark a major accomplishment for both the ARK Crew and ARK Community. The team behind the development of mainnet prioritized core’s stability over the speed of delivery to ensure a flawless, efficient system. ARK Crew expresses its gratitude to the understanding community that has been supporting them all along.

Once the genesis block is created on March 21, 2017, at 19:00 UTC, the crowd sale participants will be able to visit http://tec.ark.io/ to claim their ARK tokens. They can start withdrawing the tokens into their personal ARK wallets or addresses. ARK TEC participants and community members can also download an updated version of the ARK personal desktop wallet from the website before March 21st. At the same time, ARK insists existing wallet users to upgrade their ARK wallets to the latest mainnet version before launch.

The ARK Crew will soon start adding bounties to the Token Exchange website or manually process them after the mainnet launch, ensuring ample time for verifying the network before distribution. ARK will make the exchanges available to the community during the initial launch period. While additional details about the exchanges are limited at this time, the platform will soon update more information on its Slack Chat and official blog during the mainnet launch.

About ARK

A new decentralized digital asset token, ARK is based on a much-advanced blockchain technology and is meant for mass consumer adoption. ARK, with its extensive capabilities, incorporates some of the best features like SmartBridge Technology, allowing it to communicate with other blockchains. It uses Encoded Listeners that listens for any communication sent via the ARK SmartBridge vendor fields inserted as small code snippets by participating blockchains. The SmartBridge can be utilized by other coins like Bitcoin, Ethereum, and even SmartBridge Apps.

ARK is the first Delegated Proof of Stake (DPoS) consensus based cryptotoken, with initial upgrades like HD (Hierarchical Deterministic) Wallets. ARK has made significant improvements to its DPoS algorithm and the Lisk codebase from which it was forked.

ARK Updates

Significant upgrades made to ARK ecosystem includes the replacement of sidechains with SmartBridge, removal of custom node version, UI (for stability and security reasons), changes in constants like block time, block rewards, etc.

ARK now adds simple PBFT before forging a new block. It has also made some changes to the address format, keeping it close to the Bitcoin type addressing format while enabling HD Wallet (as per BIP32) functionality. Other changes include completely rewritten node management (using single Node-Manager and messaging system), forging round management (removal of mem-round, reward block fee to forger – zero delay reward) and an addition of 64 bytes Vendor Field as the first SmartBridge iteration.

In-memory Peer management processing for improved efficiency, strengthened transaction management and broadcast core functionality, division of relay nodes and forging nodes, modified nodes broadcast pattern for improved transaction speeds and SPV support for lite clients are some of the other additional updates included in the mainnet.

Once the ARK mainnet is launched, the platform intends to add IPFS as first class citizen (using SmartBridge addressing), improve the protocol (uncle forging, voting weights), remove unsecure APIs and create routing tables.

The ARK network is secured by 51 delegate nodes, chosen by a voting process involving public votes with ARK tokens. Each ARK token containing wallet will be eligible to cast one vote during the launch. However, once the mainnet starts operating smoothly, the voting mechanism will change to support multiple votes per wallet.

Approximately one week after the mainnet launch, ARK will introduce Community Forging at block 75,600, allowing anyone to run a forging node by making use of the ARK Commander Node installer and monitoring tool (instructions available on the blog). ARK has successfully tested 25 transactions per second, with 8 second block times on its testnet. However, the newly launched mainnet will be hard coded for 5 TPS, to be scaled on demand.

ARK once again expresses its gratitude to the community and ARK TEC participants for making the initiative possible. It invites people to submit their queries, support requests, and suggestions on the official ARK Slack channel.

Learn more about ARK at – http://ark.io/
Access ARK whitepaper at – https://ark.io/whitepaper
ARK on Bitcoin Talk – https://bitcointalk.org/index.php?topic=1649695.0
ARK on GitHub – https://www.github.com/ArkEcosystem
Learn more about SmartBridge at – https://www.smithandcrown.com/ark-smartbridging-blockchains/

ARK Crew Interviews

Managing Director – http://thebitcoinpodcast.com/episode-102/
Managing Director and Lead Developer – https://youtu.be/VnES7nR-MEY
Managing Director and Board Member – https://soundcloud.com/errorbytrial/blockchain-dynamics-episode-42-12182016

Media Contact

Contact Name: Travis Walker
Contact Email: pr@ark.io
Location: France

ARK is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

 

About Bitcoin PR Buzz:

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information.

The post ARK Mainnet Goes Live on March 21, 2017, Token Distribution to Follow appeared first on Bitcoin PR Buzz.

Source: Bitcoin Press Releases
ARK Mainnet Goes Live on March 21, 2017, Token Distribution to Follow