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Caviar Announces Real Estate and Crypto Backed Token, Crowdfunding Platform. Pre-Sale Begins November 28, 2017

Bitcoin Press Release: Blockchain startup Caviar has announced the launch of its real estate-backed digital asset platform. Caviar’s token reduces the risk for backers through diversification of cryptocurrencies and real estate debt, while facilitating crowdfunding of real estate projects. Pre-sale begins November 28, 2017.

1 November 2017, The Cayman Islands – Caviar is pioneering a dual-purpose token and crowdfunding platform built on the Ethereum blockchain. Caviar’s token offers access to stable real estate and cryptocurrencies, with built-in downside protection and automatic diversification. The team behind Caviar has successfully managed a multi-million-dollar real estate debt fund since 2013, and brings years of experience and research to this project. Caviar is powered by Intelligent Predictive Model (IPM), an artificial intelligence algorithm, allowing for stronger predictive power and more effective asset allocation. In addition, Caviar Platform will allow real estate developers to raise funds for their upcoming projects, and for Caviar token holders to earn additional rewards by staking their tokens. Caviar is launching a pre-sale on November 28th, 2017, with the goal of raising $25 million.

Caviar Leverages Rising Value of Cryptocurrency with Increasing Demand for Real Estate

Global real estate equate to over 60% of all mainstream assets, and are worth over $217 trillion dollars. In comparison, the total cryptocurrency market capitalization recently hit a new all-time high when it surpassed $175 billion. “Considering these factors, the potential financial benefits of a real estate backed cryptocurrency are massive,” comments Caviar partner Guy Neumann.

In the past several years, cryptocurrencies have been outperforming most other asset classes. However, diversification within this asset class is problematic. There is high correlation to Bitcoin and to other cryptocurrencies. This new asset class is also highly volatile, illiquid and often not backed by anything tangible.

Caviar partner Alex Shvayetsky explains how Caviar aims to mitigate risk for backers and address the issue of diversification, stating:

Diversification of cryptocurrency investments is difficult because most assets are highly correlated. Caviar aims to solve this by providing exposure to fast-growing crypto assets and income producing US-based real estate in a single token – minimizing risk and maximizing returns in both asset classes.”

Caviar Capital: Successful Real Estate Track Record Outperforms S&P by 300%

Caviar combines large cap and most stable cryptocurrencies, select new token projects, and real estate, utilizing its’ proprietary Intelligent Predictive Model in order to perfectly time investment decisions. Caviar is the successor to Caviar Capital, which, in the past five years, successfully financed dozens of redevelopment projects and has a 0% default rate, 0 late payments and an average IRR (internal rate of return) of 16% per year. Since its inception, Caviar Capital has consistently outperformed S&P 500 Real Estate and S&P 500 Bond indices by over 300%

Higher Returns for Real Estate Investment & Diversified Portfolios for Traditional Investors with Digital Currency

By combining crypto assets and real estate, Caviar aims to offer a higher rate of return than traditional real estate investments, while maximizing downside protection. In addition, Caviar will provide traditional investors with the financial benefits of a more diversified portfolio that includes digital currencies.

Although cryptocurrency traders can profit from the volatility of the market, they are offered little in the way of real assets. Caviar provides a unique opportunity for crypto-investors to diversify their portfolio through exposure to real estate. Caviar’s tokenization approach to investments in real estate, cryptocurrencies and crypto-assets lowers the cost of management, reduces entry costs for investors, and removes the problem of illiquidity associated with traditional real estate investments. With the rising value of the cryptocurrency market and the increasing demand for real estate in a growing world, Caviar could turn out to be the perfect diversified portfolio.

The Tech Behind the Token

Caviar has developed their Intelligent Predictive Model (IPM), an artificial intelligence predictive algorithm based on a machine learning approach for price forecasting in both short and long-term projection timescales, allowing for stronger predictive power and more effective asset allocation. IPM uses historical data and a mixture of qualitative/quantitative metrics, in combination with analysis of the underlying cryptocurrency ecosystem, social signals, and trends. Data is automatically collected from various sources to make judgments in real time.

Caviar Token Generating Event

Caviar is launching a pre-sale on November 28th with the goal of raising $25 million. Here is some information about the upcoming token sale.

  • Goal Raise Amount: $25 million
    Token Type ERC20
    Maximum token supply: 375,000,000
    Price per token $0.10
    Pre-sale Minimum $500
    Pre-sale Discount: Up to 30%
    Pre-sale Period: November 28, 2017
    Crowd Sale Period: December 12th, 2017 to January 31st, 2018

Use of Funds
The funds raised by the Caviar crowdfunding campaign will be distributed as follows:

  • 80% will be invested directly into the Caviar portfolio
    10% will be used to cover administrative costs
    5% will be invested into development of platform technology
    5% will be allocated into a reserve fund

Token Distribution

  • 85% of all Caviar tokens created will be sold at the Token Generating Event
    12% will be allocated to partners and advisors
    3% is reserved for bounties

Official Website – https://www.caviar.io/
Caviar Investment Presentation – https://s3.amazonaws.com/caviar-presentations/CaviarInvestorPresentation_Final.pdf
Read the Caviar Whitepaper – https://s3.amazonaws.com/caviar-presentations/CaviarWhitepaper.pdf
Find Caviar on Facebook – https://www.facebook.com/Caviario-399312880484276/
Twitter – https://twitter.com/caviar0x
Telegram – https://t.me/caviar0x
Reddit – https://www.reddit.com/r/Caviar0x/

Media Contact
Contact Name: Kathy Berardi
Contact Email: media@caviar.io
Location: The Cayman Islands

Caviar 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 startups for over 5 years. Get your own professional Bitcoin Press Release. Click here for more information about Bitcoin PR.

 

Revolutionary eSports Platform, SKRILLA, Proudly Announce Tokenized Daily Fantasy Experience, Sale Running Until 20th November

Bitcoin Press Rerelease: Licensed, eSports Daily Fantasy Esports provider Skrilla offer an unprecedented look into the operation of their live platform, and share details about their ongoing Token Sale. The Token Sale will run from November 6th until November 20th 2017.

31st October, 2017, Australia –  It’s heating up down under, as Australian-based tech startup Skrilla look to bring the benefits of Blockchain to the world of eSports Daily Fantasy. Combining excellence in the industry between two established players, Puntaa and the GAMURS Group, Skrilla seek to develop beyond the release of their live Daily Fantasy Esports Platform, bringing a range of benefits to their community through tokenisation. Platform users can already throw themselves fully into the world of eSports; whether it be watching tournaments live, building fantasy rosters, or competing for prizes on the platform.

The Backdrop

This all-encompassing vision from Skrilla comes off the back of the rapidly expanding growth within the eSports industry. 40% year-on-year growth was experienced in 2016 within the eSports spectatorship segment and future proofing this growth became more viable in 2017, the first year in which the majority of 18-35 year-olds show strong preference to an eSports team, over a traditional sports team. Additionally, $23bn in betting turnover is expected to arise by 2020. Skrilla saw this opportunity along with the huge increase in interest in the application of Blockchain technologies, which solve a number of community challenges, and have moved.

What is Skrilla?

Skrilla’s ability to execute and foresight comes down to its’ composition. With deep roots in the gaming and wagering industries, Skrilla is a collaboration between Puntaa and the GAMURS Group, who have worked on innovative and ground-breaking projects within the gaming industry over the past 3 years. Puntaa provide expertise with the wagering side of the business, having created the world’s first licensed P2P social betting platform. Puntaa recently also secured additional funding, generating investment from Altor Capital and the co-founders of Unlockd.

Handling the eSports domain experitse, content and distribution is the GAMURS Group, who run eSports platform Dot Esports, amongst their 12 esports brands. The platform offers a high-quality round-the-globe coverage service for all major eSports events, and will soon be the largest hub for eSports data globally. With its’ solid grounding in both essential parts of an eSports Daily Fantasy platform, Skrilla looks set to integrate tokens for the benefit of their community, to further build upon their engaging, and entertaining platform.

The Platform

The core of the Skrilla platform consists of the Daily Fantasy Esports, which will revolutionize the way that eSports fans watch and engage with their favourite events. Social-based competitions, where participants compete against other fans to win will see members paying an entry fee to participate in daily contests. The Daily Fantasy Esports world will cover front-page titles such as CS:GO, League of Legends, and DOTA2, among others.

Members pick a roster of their favoured professional players, who they think will amass the maximum amount of points. A budget is assigned for the team, with different players costing varying amounts. It is up to the player to use their in-game and metagame knowledge to make an informed decision on the best roster composition, whilst adhering to the price cap. As matches play their course in real-time, pro players will gain points depending on their performance. Once the set list of games concludes, participants on the platform gain access to the prize pool, if their roster has performed exceptionally. This will add another dimension to the eSports experience, as getting that crucial clutch frag will mean much more than an appreciation for the immense skill required. It could also mean a big payout.

ERC20 SKR Token

Powering the Skrilla ecosystem will be the Skrilla Token (SKR). This ERC20 token will be the native currency and mode of transfer within the current Skrilla platform. Initially, SKR tokens will be deployed alongside traditional currencies, to ensure the building of value through usage of the tokens, and providing utility for early backers in the ICO. At the same time, Skrilla are transitioning the platform to a decentralised and licensed, P2P platform, phasing out Fiat currencies entirely. At this point, SKR tokens will be the sole method of value transfer within the Skrilla ecosystem. Additionally, SKR tokens may be implemented within the previously-mentioned GAMURS Group ecosystem, which pulls in 3.5m monthly active members.

Skrilla Token Sale

To fund the ongoing development of Skrilla’s live platform and international expansion, SKR tokens are available to purchase through a token sale. This will allow early contributors unprecedented access to the ERC20, Ethereum-based SKR tokens, at a discount rate. The token sale runs from November 6th to November 20th 2017, with a total cap of 150,000 ETH. Exchange rates in the token sale range from 2400SKR/1ETH, to 2000SKR/1ETH. SKR tokens will be available to trade on reputable exchanges 14 days from the completion of the sale.

Given their established market position, and strong composition, Skrilla will launch their platform in the US in Q1 of 2018. To find out more, visit the Skrilla website below. You can also find a host of useful links, to stay in the loop.

Visit the Token Sale Website: https://tokensale.skrilla.com
View the Whitepaper: https://tokensale.skrilla.com/skr-token-whitepaper-v0.6.pdf
Skrilla Video Overview: https://www.youtube.com/watch?v=PHP3ILxmMxM
Get Involved on Telegram: https://t.me/SkrillaTokenSale
Chat on Discord: https://discordapp.com/invite/F77VmjV
Follow on Twitter: https://twitter.com/playskrill
Read the Blog: https://medium.com/@skrilla
Like on Facebook: https://www.facebook.com/skrillaesports

Media Contact
Contact Name: Damon Oudejans
Email: Damon@skrilla.com
Location: Brisbane, Australia

Skrilla 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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The post Revolutionary eSports Platform, SKRILLA, Proudly Announce Tokenized Daily Fantasy Experience, Sale Running Until 20th November appeared first on Bitcoin PR Buzz.

Source: Bitcoin Press Releases
Revolutionary eSports Platform, SKRILLA, Proudly Announce Tokenized Daily Fantasy Experience, Sale Running Until 20th November

Caviar Announces Real Estate and Crypto Backed Token, Crowdfunding Platform. Pre-Sale Begins November 28, 2017

Bitcoin Press Release: Blockchain startup Caviar has announced the launch of its real estate-backed digital asset platform. Caviar’s token reduces the risk for backers through diversification of cryptocurrencies and real estate debt, while facilitating crowdfunding of real estate projects. Pre-sale begins November 28, 2017.

1 November 2017, The Cayman Islands – Caviar is pioneering a dual-purpose token and crowdfunding platform built on the Ethereum blockchain. Caviar’s token offers access to stable real estate and cryptocurrencies, with built-in downside protection and automatic diversification. The team behind Caviar has successfully managed a multi-million-dollar real estate debt fund since 2013, and brings years of experience and research to this project. Caviar is powered by Intelligent Predictive Model (IPM), an artificial intelligence algorithm, allowing for stronger predictive power and more effective asset allocation. In addition, Caviar Platform will allow real estate developers to raise funds for their upcoming projects, and for Caviar token holders to earn additional rewards by staking their tokens. Caviar is launching a pre-sale on November 28th, 2017, with the goal of raising $25 million.

Caviar Leverages Rising Value of Cryptocurrency with Increasing Demand for Real Estate

Global real estate equate to over 60% of all mainstream assets, and are worth over $217 trillion dollars. In comparison, the total cryptocurrency market capitalization recently hit a new all-time high when it surpassed $175 billion. “Considering these factors, the potential financial benefits of a real estate backed cryptocurrency are massive,” comments Caviar partner Guy Neumann.

In the past several years, cryptocurrencies have been outperforming most other asset classes. However, diversification within this asset class is problematic. There is high correlation to Bitcoin and to other cryptocurrencies. This new asset class is also highly volatile, illiquid and often not backed by anything tangible.

Caviar partner Alex Shvayetsky explains how Caviar aims to mitigate risk for backers and address the issue of diversification, stating:

Diversification of cryptocurrency investments is difficult because most assets are highly correlated. Caviar aims to solve this by providing exposure to fast-growing crypto assets and income producing US-based real estate in a single token – minimizing risk and maximizing returns in both asset classes.”

Caviar Capital: Successful Real Estate Track Record Outperforms S&P by 300%

Caviar combines large cap and most stable cryptocurrencies, select new token projects, and real estate, utilizing its’ proprietary Intelligent Predictive Model in order to perfectly time investment decisions. Caviar is the successor to Caviar Capital, which, in the past five years, successfully financed dozens of redevelopment projects and has a 0% default rate, 0 late payments and an average IRR (internal rate of return) of 16% per year. Since its inception, Caviar Capital has consistently outperformed S&P 500 Real Estate and S&P 500 Bond indices by over 300%

Higher Returns for Real Estate Investment & Diversified Portfolios for Traditional Investors with Digital Currency

By combining crypto assets and real estate, Caviar aims to offer a higher rate of return than traditional real estate investments, while maximizing downside protection. In addition, Caviar will provide traditional investors with the financial benefits of a more diversified portfolio that includes digital currencies.

Although cryptocurrency traders can profit from the volatility of the market, they are offered little in the way of real assets. Caviar provides a unique opportunity for crypto-investors to diversify their portfolio through exposure to real estate. Caviar’s tokenization approach to investments in real estate, cryptocurrencies and crypto-assets lowers the cost of management, reduces entry costs for investors, and removes the problem of illiquidity associated with traditional real estate investments. With the rising value of the cryptocurrency market and the increasing demand for real estate in a growing world, Caviar could turn out to be the perfect diversified portfolio.

The Tech Behind the Token

Caviar has developed their Intelligent Predictive Model (IPM), an artificial intelligence predictive algorithm based on a machine learning approach for price forecasting in both short and long-term projection timescales, allowing for stronger predictive power and more effective asset allocation. IPM uses historical data and a mixture of qualitative/quantitative metrics, in combination with analysis of the underlying cryptocurrency ecosystem, social signals, and trends. Data is automatically collected from various sources to make judgments in real time.

Caviar Token Generating Event

Caviar is launching a pre-sale on November 28th with the goal of raising $25 million. Here is some information about the upcoming token sale.

  • Goal Raise Amount: $25 million
    Token Type ERC20
    Maximum token supply: 375,000,000
    Price per token $0.10
    Pre-sale Minimum $500
    Pre-sale Discount: Up to 30%
    Pre-sale Period: November 28, 2017
    Crowd Sale Period: December 12th, 2017 to January 31st, 2018

Use of Funds
The funds raised by the Caviar crowdfunding campaign will be distributed as follows:

  • 80% will be invested directly into the Caviar portfolio
    10% will be used to cover administrative costs
    5% will be invested into development of platform technology
    5% will be allocated into a reserve fund

Token Distribution

  • 85% of all Caviar tokens created will be sold at the Token Generating Event
    12% will be allocated to partners and advisors
    3% is reserved for bounties

Official Website – https://www.caviar.io/
Caviar Investment Presentation – https://s3.amazonaws.com/caviar-presentations/CaviarInvestorPresentation_Final.pdf
Read the Caviar Whitepaper – https://s3.amazonaws.com/caviar-presentations/CaviarWhitepaper.pdf
Find Caviar on Facebook – https://www.facebook.com/Caviario-399312880484276/
Twitter – https://twitter.com/caviar0x
Telegram – https://t.me/caviar0x
Reddit – https://www.reddit.com/r/Caviar0x/

Media Contact
Contact Name: Kathy Berardi
Contact Email: media@caviar.io
Location: The Cayman Islands

Caviar 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 startups for over 5 years. Get your own professional Bitcoin Press Release. Click here for more information about Bitcoin PR.

 

The post Caviar Announces Real Estate and Crypto Backed Token, Crowdfunding Platform. Pre-Sale Begins November 28, 2017 appeared first on Bitcoin PR Buzz.

Source: Bitcoin Press Releases
Caviar Announces Real Estate and Crypto Backed Token, Crowdfunding Platform. Pre-Sale Begins November 28, 2017

Blockchain Start-Up EtherSport to Develop Ground-Breaking Sports Betting Platform, Announces ICO Commencing November 13th

Bitcoin Press Release: 1st November, 2017, London, United Kingdom — EtherSport, a decentralised sports betting platform, has announced its ICO campaign to launch on November, 13th. The company is raising funds through the ESC token sale, in order to create an innovative and transparent betting platform on sports events by implementing Ethereum smart contracts.

EtherSport’s lottery, contrary to many similar services, is not based on guessing random numbers, but involves the exact determination of sports events results, which cannot be influenced by anyone. This means that players can leverage their analytical skills, to generate immense profits. By using this particular lottery type, players can not only guess the game results by using their knowledge, but also get an additional kick, by viewing the  events themselves, and supporting their favourite teams.

EtherSport will provide two main vehicles for participation; “Lottery 11”, an innovative online sports lottery platform, and an analogue of a P2P betting exchange with one-on-one and one-against-all bets. This will provide a good amount of product diversification, opening up revenue streams and accessing differing market segments. The lottery mechanism is handled via the Ethereum Smart Contract process, which affords participants completely fair and transparent results, which avoids unnecessary risks and scams. The use of smart-contracts also guarantees transparent and immediate payment, eliminating hidden fees. Security and anonymity are also guaranteed via the use of the Blockchain, making EtherSport one of the most fair and secure platforms in the future.

“We decided to make a perfect match between traditional online sports betting and cutting-edge technologies, namely, blockchain and smart contracts, to guarantee the fairness and full transparency of the process,“ says Alex Tsymbal, CEO and Co-Founder of EtherSport. “The platform provides equality for each participant in the system, and smart contracts guarantee the fulfillment of all conditions and payouts.”

The platform also guarantees unlimited winnings, with no limitations on betting amounts. Fast withdrawals, streamlined and easy registration with minimal personal information, and data about users will avoid third-parties. EtherSport also guarantees ease-of-play, with its’ simple lottery system. EtherSport will launch its’ Lottery 11 for testing early into Q1 of 2018. This will allow for preliminary, unsimulated testing. Shortly after this, Lottery 11 will be released fully, allowing users to wager ESC tokens on events. By Q2 2018, P2P betting will be enabled, whereby players can bet against each-other.

EtherSport ICO

To raise funds for the ongoing development of the platform and project, EtherSport will issue its’ native ERC20 Ethereum-based token – EtherSportCoin (ESC). ESC tokens can be used within the platform to buy the lottery tickets, as a way to earn (15% of the money raised from each lottery), or as a speculative commodity to trade on major exchanges. 100,000,000 ESC tokens will be created, with 70% of these being distributed within the pre-ICO period (November 13th to November 19th) and the main ICO (November, 20th, to December, 20th).

The EtherSport team has years of experience in the lottery and bookmaker industries. The project’s developers were one of the pioneers in terms of working with the blockchain and smart contracts.

More detailed description of the EtherSport project, clear roadmap, profit distribution, and ICO stages are presented in the white paper, which is publicly available on the website. Additional links with information about the project can be found below:

Visit the Ethersport Website here to learn more: https://ethersport.io
Read the Whitepaper in English here: https://ethersport.io/whitepaper.pdf
Read the Whitepaper in Russian here: https://ethersport.io/whitepaper_ru.pdf
Read the FAQ here: https://ethersport.io/faq.html
Reach EtherSport on Twitter here: https://twitter.com/ethersport_esc
Like EtherSport on Facebook here: https://www.facebook.com/ethersport.io/
Find EtherSport on Medium here: https://medium.com/@ethersport
Catch up on the Telegram here: https://t.me/joinchat/HAJNAA4UJPyoNf0n4dpe0A

Media Contact
Contact Name: EtherSport.io
Contact e-Mail: contact@ethersport.io
Location: London, United Kingdom

EtherSport 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

First Blockchain-Based Bandwidth Marketplace Privatix Reaches Soft Cap in Token Sale

Bitcoin Press Release: PrivatixToken Limited announces its token sale for its Broadband Marketplace powered by P2P VPN Network on has already reached its soft cap. Autonomous and decentralized P2P VPN Privatix allows users worldwide to sell unused internet channels for cryptocurrency or buy such channels for business purposes. The platform can be user by developers to build variety of products like CDN, VPN, Proxy marketplaces and others.

October 30th Gibraltar: Privatix Network is the first fully decentralized and autonomous P2P VPN-network based on the blockchain technology that allows its participants to buy and sell internet channels for cryptocurrency. All settlements between members of Privatix Network are done using the cryptocurrency based on Ethereum blockchain. PRIX, an ERC20 token is the central part of Privatix Network, it can be freely exchanged to other currencies.

On October 19, 2017, 14:00 UTC – PRIX token sale started. Importantly, the Token Sale offer 8,000,000 PRIX  and successfully finished hitting the minimum goal (soft cap) of 3,350 ETH. The Token sale ends November 16, 2017 and indicating a great interest of the audience to the concept of a standalone blockchain-powered p2p VPN platform. Unlike other tokens, PRIX tokens cannot be mined. After the initial emission, the overall number of tokens remains fixed and no more new tokens will be issued. A bonus of 40% was granted to every buyer in the first 48 hours after the token sale starts. Then the bonuses will decrease every week.

The founders of Privatix recognize their main goal as creating an autonomous open source decentralized platform that can migrate between blockchains if necessary to remain fully operative under any circumstances. Each developer can implement various solutions based on the platform or use the platform as is. A number of products are already planned for future release: Privatix.Agent – a cross-platform application to buy and sell internet channels, will be released in Q4 2017. In 2018, a completely decentralized VPN service will be launched, and users will receive an option to buy and sell Proxy/Socks using the API. Finally, the roadmap of the company announces two more products for 2019: Privatix.FAAS (Freedom-as-a-Service) and Privatix.Monetize, both available as SDK for mobile platform developers. The official launch of the platform is planned for Q1 2019.

Links
Project page: https://Privatix.io

About the company

Privatix develops distributed broadband sharing solution based on P2P VPN platform. The company possesses more than 10 years of experience in the VPN development field. Among products created by Privatix: free VPN service Privatix.com, VPN for professionals – 5vpn.net, Temp-Mail.org temporary mail service.

Media Contact:
Name: Dmitriy Rubtsov
Company: PrivatixToken Limited
Email: rubtsov@privatix.io
Location: Gibraltar

Privatix 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.

Skycoin, the Third-Generation Cryptocurrency Building A New Internet, Announces Updates

Bitcoin Press Release: Skycoin, the third-generation cryptocurrency of alternative P2P project Skywire,  announces several updates, including a new mobile wallet, new logo and site revamp to reflect its ever-evolving branding and design. Approaching its fifth year of development, Skycoin continues to pursue a “new Internet” under an overarching goal to implement Bitcoin’s original vision and address its underlying problems.

October 26, 2017 Zug, Switzerland: One of the oldest crypto projects in development, Skycoin is an infrastructure project rooted in the basic founding concept of Bitcoin: decentralization. Unlike the peers of its time, it was not forked from Bitcoin nor is it merely another ETH-based token. Instead, Skycoin was built using a completely original and unique codebase, featuring a revolutionary consensus algorithm dubbed “Obelisk” that bore none of the PoW/PoS similarities of most other alts, eliminating the need for miners and operating instead on a Web of Trust.

As part of continuous development, Skycoin has announced several key updates, including the launch of Skycoin wallet v2.0, a new mobile wallet, a new logo, and an ongoing site content and design revamp. It has also initiated work on a range of further developments, such as a Skywire coding rewrite, development of cluster management and global network dashboards, a brand new, quicker Skycoin wallet, and the Skycoin OTC market and exchange federation protocol for enabling decentralized exchange (DEX).

Bitcoin’s old problems have not gone away

When Skycoin launched in 2013, it recognized that the Bitcoin network could not achieve true decentralization. Envisioned by its creator to be decentralized over hundreds of thousands of computers, large mining cartels instead exerted considerable power and influence over the network.

Four years later, little has changed. Mining cartels have only grown in strength, asserting their agendas with punitive effect, as evidenced by the miner-led Bitcoin Cash fork of August 2017. By November 2017, the Bitcoin network may see as many as two further fork splits as a result of miner interests.

Skycoin’s agenda in 2013 was to implement Bitcoin’s original vision and address the underlying issues of the world’s most-used cryptocurrency. Four years on, Skycoin’s mission has only become more relevant.

A third-generation cryptocurrency that solves Bitcoin’s technical weaknesses

Skycoin’s Obelisk is a sustainable alternative that aims to replace Proof-of-Work (POW) as a major solution for blockchain consensus. Inspired by academic research into adversarial distributed time-stamping, it offers strong mathematical security guarantees even when the majority of nodes are hostile.

The immediate benefit is environmental friendliness and minimization of economic profiteering. Skycoin does not waste electricity or consume exponentially growing power. Instead of fees, users will receive “coinhours” for holding coins, which can be put towards transaction fees. Transactions bid to enter a fixed-sized block.

Skycoin is immune to double spending and the 51% attack, regardless of hashing power and/or financial might. Transactions are as fast as they need to be, with as low as four-second confirmations without compromising security.

Skycoin transactions have increased privacy, with native support for advanced CoinJoin features.

Ushering in a new Internet

Beyond addressing Bitcoin’s outstanding technical issues, the Skycoin project envisions a new generation of foundational networking, storage and application primitives – collectively, a new Internet.

Skycoin sees blockchain as one of several new mathematical and algorithmic primitives that will be the founding blocks of the Internet’s successor.

The Skycoin Project

The Skycoin project is a hermetically-contained software/application platform, that operates in parallel to and on top of but independently of the existing internet. Its five pillars are:

1. Skycoin

Skycoin was built first as a standalone solution to Bitcoin’s flaws at decentralization, due to the growing prominence of powerful mining cartels. It features a new consensus algorithm to secure the network through a mechanism called Web of Trust.

2. Skywire

Skywire was created to address centralization problems, but of the Internet itself where large institutions control its infrastructure. It aims for a sustainable democratization of the internet, while enhancing privacy and security.

3. Skyledger

Skyledger is a blockchain platform built with CX and running on top of the Skywire infrastructure. Each developer will have their own independent data storage and are free to hardcode their own chain.

4. An ecosystem of apps

Apps including Sky-messenger, distributed social media (BBS)and file-sharing, all built on top of Skycoin, Skywire and Skyledger.

5. A hardware platform

The Skywire “miner” hardware acts as a specialized VPN operating on Skywire’s new networking protocol based on Multi-Protocol Label Switching.

Skycoin and Skywire: the blockchain and the network

The Skycoin project envisions a symbiotic relationship between Skywire and Skycoin, one that would enable individuals to generate revenue for running the Internet, instead of large ISPs. Any application that works over the Internet can also work over Skywire. Using it will be free but users can pay nodes to receive better bandwidth and priority.

This is the basic model that will provide a long-term demand for Skycoins, which are currently distributed over-the-counter (OTC).

Current project focus

As part of continuous development and to maintain relevance to ever-evolving conditions, Skycoin has announced several key updates, including the launch of a new mobile wallet, a new logo, and an ongoing site content and design revamp.

It has also initiated work on a range of further developments, such as a Skywire coding rewrite, development of cluster management and global network dashboards.

It is also reviewing its distribution plan, which it aims to continue in its current form of limited OTC. It will continue pursuing listing on exchanges but will focus instead on the OTC market and an exchange federation protocol for enabling decentralized exchange (DEX).

A range of of hardware “miners” are also planned for release on a soft date of March 2018, with 300 initial units planned.

To learn more about Skycoin, please visit: https://www.skycoin.net/

The Team:

The Skycoin Project has been in continuous development for over eight years and is currently

led by a team of experts in the field of mathematics, cryptography, engineering, programming and marketing. Some of them include:

Synth, Architect and Project Figurehead

Synth has a background in mathematics and cryptography and is the face of Skycoin. Telegram: @haltingstate

Steve, Developer and Project Manager

Steve wrote most of the Skycoin software in 2013-2014. Github: https://github.com/gz-c

Michael Terpin and Richard Kastelein, Marketing Advisors

Terpin is an experienced marketeer with a CV that includes the likes of Coinovate, CoinAgenda and BitAngels. Kastelein brings experience with asset launches and news, working with Blockchain News and CryptoAssets Design Group. Together, they oversee Skycoin’s marketing efforts and manage other counterparts for communication and content production.

Other developers include iketheadore, Monty Crypto, Erich Quist, meam364, Evan, johnstuartmill, nyf, Weng Zhiyi, amherag, logrusorgru and others, who work on the various components of the Skycoin Project.

Learn more about Skycoin: https://www.skycoin.net
Read the Skycoin Whitepapers: https://www.skycoin.net/whitepapers/
Trade Skycoin with BTC at: https://www.cryptopia.co.nz/Exchange/?market=SKY_BTC
Chat with the team on Telegram: https://t.me/skycoin
Join Skycoin at bitcointalk: https://bitcointalk.org/index.php?topic=380441
Follow Skycoin on Twitter: https://twitter.com/skycoinproject

Media Contact:
Name: William Russel
Email: contact@skycoin.net
City and Country Location: Zug, Switzerland

Skycoin 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.

UTRUST Blockchain Payments Platform Raises Profile in Global Conferences, Targets 2.5 Billion Unbanked

Bitcoin Press Release: UTRUST will embark on a global awareness campaign that will see the company participating in major blockchain conferences across three continents. UTRUST’s blockchain-based platform will launch through an ICO on November 2nd 2017 (2pm UTC), as it works to bridge cryptocurrency payments with 2.5 billion unbanked people and merchants.

October 20, 2017, Zug, Switzerland: It is estimated that 2.5 billion people still do not have access to the global financial system. Their digital inclusion is predicted to boost the GDP of emerging economies by $3.7 trillion by 2025, buoyed by some 95 million jobs created as a result of blockchain revolution in unbanked countries. UTRUST seeks to capitalize on the boom of developed markets while leveraging the potential of emerging ones.

In view of this, UTRUST will commence on an awareness campaign that hopes to advocate for its innovative platform and raise its profile as a pioneer in blockchain solutions for the unbanked. So far, it has confirmed its participation in a series of nine key blockchain conferences scheduled to take place over the remainder of the year:

Blockchain Economic Forum 2017 – October 31 to November 1, New York, USA
Web Summit 2017 – November 6 to 9, Lisbon, Portugal
Blockchain & Cryptocurrency Conference– November 11, Tokyo, Japan
Switzerland Wealth Innovation Tour
– November 15, Zug, Switzerland
Blockchain Summit – November 22, Zug, Switzerland
Blockchain Summit London Olympia
– November 28, London, UK
Blockshow Asia – November 29 and 30, Singapore
Cryptocurrency World Expo – December 1 and 2, Warsaw, Poland

UTRUST believes these conferences are opportunities to strike up new, relevant partnerships in the areas of cryptocurrency development and financial technology, harmonizing multiple efforts to bring blockchain’s disruptive technology to digital payments and emerging markets.

Recognizing the global trends of cryptocurrency regulation and pre-empting the impending need for a standardized KYC/AML for regulated exchanges, UTRUST remains committed to fulfilling all necessary requirements that would result in a solution that is legally compliant and future-proof.

UTRUST continues to make progress on legal recognition and legitimization in Switzerland, following its initial step of getting incorporation as a GmbH (Swiss equivalent of a limited liability company). An announcement will be made in the near future regarding the first steps of UTRUST’s AML/KYC onboarding.

About UTRUST

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 will be held on November 2nd. 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
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/
Join the UTRUST Slack conversation: https://utrust-official.slack.com/
Join UTRUST on Telegram at: https://t.me/utrustofficial
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:

Financial Solutions Startup Etherecash Announces ICO To Change The Way We Lend, Send and Spend

Bitcoin Press Release: Financial Solutions startup Etherecash has announced its blockchain-backed financial platform. Etherecash Pre-ICO set to launch October 25th, 2017.

Oct 25, 2017, – Financial services startup Etherecash has proudly announced its Pre-ICO Campaign, which will raise funds to develop its blockchain-backed financial platform. The Etherecash platform aims to revolutionise three core functions of finance to bring greater transparency and security in the way we lend, send and spend. The Etherecash platform will allow its users to leverage their cryptocurrency holdings to acquire fiat currency loans without the need for credit history, through the application of lawyer-backed smart contracts. The Etherecash Pre-ICO campaign will run from October 25th, 2017 until November 7th, 2017 and ICO campaign will begin November 15th, 2017 and finish on  December 19th, 2017.

In the modern world there are over 2.5 billion unbanked people, with no access to basic financial services resulting in exclusion. In addition, current financial systems tend to be rigid with complex lengthy systems and often unfair criteria that prevent us from getting a loan. Etherecash’s mission is to solve this problem by offering these individuals the chance to acquire fiat currency loans, based on the strength of their cryptocurrency portfolio. Etherecash aims to totally disrupt the financial services industry by introducing its decentralized, transparent lending platform, which is driven by safe, lawyer-backer smart contracts.

CEO, Jacky Thanh explains the core focus of Etherecash is

To bridge the gap between those with access to finance and those without, eliminating borders, intermediaries and prejudices.”

The financial solutions platform processes three core functions to revolutionise how we transact. Through the implementation of its lawyer-backed ethereum smart contracts, Etherecash can provide its users with a more secure and affordable way for individuals from all backgrounds to have access to flexible loans and competitive terms that meets their needs.

The Etherecash platform offers the user a global peer-to-peer cryptocurrency-lending platform which lenders and borrowers can connect with one another to conveniently exchange fiat currency for profits. Those taking out a loan have the freedom to choose all the factors surrounding the loan, such as the type of loan, duration, and amount.

Both lenders and borrowers can select mutually beneficial terms when creating the contractual agreement, which is later secured by the professional lawyer-backed smart contracts.

The platform benefits all users but is certainly most beneficial to borrowers holding cryptocurrency, who would otherwise find it difficult to acquire a loan through the traditional sources. All loans are border free and borrowers are not judged on any additional criteria, other than the value of their cryptocurrency holdings.

Etherecash is a great option for crypto-enthusiasts to gain safe, secure fiat currency loans, based on their cryptocurrency holdings. For most of us Cryptocurrency is a high risk, yet high-return investment of sorts, and for this reason, most holders of cryptocurrencies do not want to be forced to liquidate their holding for day to day expenses or when they need a short term loan.

Although it is becoming easier to spend cryptocurrency, most options still include the task of converting altcoins into bitcoin which is then usually sold online. Etherecash tackles the problem of remittance with the introduction of its multi-cryptocurrency debit card. The multi-crypto debit card offers fast, global payments with a low, streamlined fee structure. The card works as any standard debit card would, with a full application for online purchases and ATM withdrawals.

Etherecash comes from a highly experienced team of blockchain experts, with over 50 years experience between them. Together they have designed an ecosystem that has the potential to offer a better future for billions of people across the globe. The lawyer-backed smart contracts and blockchain technology provide total security, transparency, affordability, and convenience for the users of the multi-currency lending platform. From the billions of unbanked individuals to cryptocurrency lenders, to the everyday user, Etherecash offers financial solutions, and a better tomorrow.

Meet the team

Etherecash CEO Jacky Thanh

Etherecash CEO and Founder of Pro-Life Global, has over 20 years of experience in US Stock exchange and over 18 years of experience in export and import. As the Head of Chinese Organisation trade, he currently runs PROLIFE GLOBAL, which is a multi billion business helping cure more than 108 worldwide illnesses.

COO Miguel Aguirre

Former CEO and COO of many global scale operations, Miguel Aguirre has over 18 years of international experience managing multicultural teams in the United States, Spain, India and Brazil. With a background in engineering, a passion for innovation and a proven history to deliver global scale projects.

Etherecash ICO Campaign

Etherecash will create a total of 360 million tokens (ECH), 144 million of which, will be available throughout the course of the ICO campaign. The Etherecash ICO Campaign will be broken up into a Pre-ICO and a main ICO. The Pre-ICO will run from October 25th, 2017 at 2.30pm (GMT+2), until November 7th, 2017, and the main ICO will run from November 15th, 2017 to December 19th, 2017. The ICO campaign will have a soft cap target of $15 million (35 million tokens) and a hard cap of $100 million.

Pre-ICO Bonus

October 25th – 25%
October 26th to 31st – 22%
November 1st to 7th – 20%

Main ICO Bonus

15th November – 15%
Week One – 12%
Week Two – 10%
Week Three – 5%
Week Four – 3%
Week Five – 0%

About Etherecash

Etherecash is a three prong financial platform enabling peer to peer lending, global money transfer and a crypto debit card, which allows it’s users to maximise the potential of their assets and leverage cryptocurrency to secure fiat loans. The platform uses lawyer-backed smart contracts and blockchain technology to offer full transparency and security for its users. The Etherecash platform is a complete ecosystem to bring speed, security and reliability in the way we lend, send and spend.

 
Etherecash Official websitehttp://etherecash.io
Youtube Video by Etherecash COO Miguel Seoanehttps://www.youtube.com/watch?v=urqek6AUzdM&feature=youtu.be
Find on Facebookhttps://www.facebook.com/Etherecash-1875597305787865/
Follow on Twitterhttps://twitter.com/Etherecash1
Google plushttps://plus.google.com/u/1/105307012881383936970
YouTube Video: https://www.youtube.com/watch?v=dUP9B2UhTUg

Media Contact

Contact Name: Jacky Thanh Ly- CEO, Etherecash
Contact Email: ceo@etherecash.io
Phone: +91 98216 91005
Location: Harjumaa, Estonia

Etherecash 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 startups for over 5 years. Get your own professional Bitcoin Press Release. Click here for more information about Bitcoin PR.

 

If you like gaming, you will love Xenio

Bitcoin Press Release: Open source blockchain technology is what makes Xenio unique, capable of upending the entire gaming industry.

October 23th, 2017, Vancouver, Canada – What will the future of gaming look like? It will run on Xenio.

Xenio is a decentralized open-source gaming network with its own distribution platform and game-optimized blockchain. Xenio’s built-in asset token creation and smart contract functions power the integrated global asset exchange system where in-game assets can be securely exchanged for other tokens or XNO coins.

The backbone of Xenio is a game-optimized, dedicated blockchain that runs its own innovative reward system called “Proof-of-Networking.” The Xenio Client connects gamers directly to game servers distributed all over the world based on their own criteria, such as low latency or preferred game rules. With the Xenio platform, server operators continually compete to provide YOU with the best connection possible.

The servers are automatically rewarded proportionally to the number of connected users, meaning benefits increase for gamers and game servers as the servers become increasingly popular. The system provides game developers with the ability to distribute games and, optionally, integrate games into the ecosystem. The advantages of the marketplace, distribution system and the integrated tokenization framework present gamers with advanced adaptive open features, while developers retain control of their games.

The innovative technology powering the Xenio system isn’t limited just to gaming. The projected global node distribution combined with the extended Proof-of-Networking model can be expanded to create any number of new decentralized architectures.

Learn more about Xenio athttps://xenio.io/
Whitepaper: https://xenio.io/assets/whitepaper.pdf
Bitcointalk.org: https://bitcointalk.org/index.php?topic=2142127
YouTube: https://www.youtube.com/watch?v=j-1s9Nfzaz0&feature=youtu.be&app=desktop
Reddit: https://www.reddit.com/r/Xenio/
Slack Channel: https://xenio.herokuapp.com/
Facebook: https://www.facebook.com/Xenioblockchain
Twitter: https://twitter.com/xenioblockchain
Telegram: https://t.me/joinchat/EKyDN0FxIwotU9IAmKjBfw

Media Contact
Contact Name: Alex Alexandrov
Contact Email: marketing@coinpayments.net
Location: Vancouver, Canada

Xenio 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.

UTRUST Attending Blockchain Conferences in Europe, Asia and North America Ahead of November 2nd ICO

Bitcoin Press Release: Two weeks ahead of its ICO on November 2nd 2017 (2pm UTC), cryptocurrency payments solution UTRUST has confirmed participation in key blockchain conferences across Europe, North America and Asia. These represent ongoing efforts to raise awareness and build new partnerships as part of UTRUST’s bid to be the world’s leading digital and blockchain payment platform.

October 19, 2017, Zug, Switzerland: After incorporation as a limited liability company in Switzerland and continued progress towards full regulatory compliance within the Swiss jurisdiction, UTRUST aims to further its goal through active participation in upcoming Internet and blockchain events over the coming weeks and months.

The team behind UTRUST will make their way across the globe, promoting awareness of its digital and crypto payments platform in at least nine conferences targeting professionals and corporations involved with digital currencies, blockchain innovations and Internet technology.

Beginning with the Long Finance – Digital Currencies Trade Fair in London, UK, on October 23, 2017, UTRUST will be represented at the following events:

– Long Finance – Digital Currencies Trade Fair October 23, London, UK
Blockchain Economic Forum 2017 – October 31 to November 1, New York, USA
–  Web Summit 2017 – November 6 to 9, Lisbon, Portugal
–  Blockchain & Cryptocurrency Conference– November 11, Tokyo, Japan
– Switzerland Wealth Innovation Tour – November 15, Zug, Switzerland
–  Blockchain Summit – November 22, Zug, Switzerland
– Blockchain Summit London Olympia – November 28, London, UK
– Blockshow Asia – November 29 and 30, Singapore
– Cryptocurrency World Expo – December 1 and 2, Warsaw, Poland

UTRUST hopes to raise its profile and build momentum leading up to its ICO launch on November 2nd, 2017 (2pm UTC),  while firming up business synergy with relevant partners throughout the duration of its project.

Users and supporters are welcome to meet and speak to the team members at any of these events, so if any are attending, do come up for introductions.

The UTRUST ICO will run for a maximum of seven days or until a hard cap of $49 million is reached from the sales of its tokens (priced at a base rate of $0.065 each), or until sold out, whichever occurs first. No further tokens will ever be issued and any unsold tokens will be burnt, permanently reducing the total supply, currently at 1 billion.

This ICO represents the final round of fundraising for the world’s first blockchain payments platform with consumer protections, that is also targeting some 2.5 billion unbanked worldwide.

About UTRUST

UTRUST has currently raised $3.5 Million through private early investors and the sold out pre-ICO, with the public ICO scheduled for November 2nd 2017.

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 will be held on November 2nd. 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
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/
Join the UTRUST Slack conversation: https://utrust-official.slack.com/
Join UTRUST on Telegram at: https://t.me/utrustofficial
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.

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.