Category Archives: Exchange

Konios: Trusted F2F Exchange

Konios is a trusted F2F cryptocurrency exchange.

In the world of cryptocurrencies, being a trusted exchange carries great advantages, given their largely unregulated and uncertain terrain. To bring trust to cryptocurrencies, Konios has developed a face-to-face (F2F) platform for trading cryptocurrencies along with a ratings system to determine the trustwortiness of users.

The Konios app that will be available for Android and iOS mobile devices will make storing and exchanging cryptocurrencies easy for users. Increasingly the public is embracing cryptocurrencies, leading to a combined market capitalization of over $300,000,000, and user-friendliness will be key to capturing this very large potential market. Users will be able to send and receive cryptocurrencies, trade cryptocurrencies, engage in F2F transactions involving cash, check their transactions, and set account preferences using the app.

The F2F transactions on the platform will make it easier for cryptocurrency users to exchange cryptocurrency for cash by providing a search function to find nearby users who meet their criteria. Users will be able to send requests to other users, and will be able to set a date and time to meet to transact in person. The app will require users to scan a QR code to verify their presence when meeting, with multiple steps of verification during the exchange before which the cryptocurrency is released to the buyer using a smart contract. Users will then be able to rate each other, thus incentivizing honest behavior, given that users with high trust ratings will get more requests from other users.

The main currency of the platform is the KON token, an ERC20 token that will be used for all transactions. KON tokens will be rewarded to users who participate in the platform to encourage its growth. In total, 5,000,000,000 KON tokens will be minted. Businesses willing to provide a secure location for F2F transactions among users can earn KON tokens, and they can participate in transactions as well.

The main crowdsale for Konios starts May 1, 2018 and ends June 30, 2018, during which each KON token can be purchased for $0.01. The minimum investment required is $10. The project is based in Zug, Switzerland and complies with the standards of its country. By building trust among users who wish to trade or own cryptocurrencies, and making them easy to use, Konios has the potential to gain a large market share of the cryptocurrency market by meeting these needs.

*I am receiving KON tokens for the growth of the community.

To learn more about Konios:

Website: https://konios.com/

Whitepaper: https://drive.google.com/file/d/1Nf6o1WJooXwv8KCe6vxxqoqmQFpIcMY1/view

LAPO: Finance Powered by Blockchain

LAPO is a finance blockchain.

As cryptocurrencies increasingly become mainstream, the infrastructure for transacting in cryptocurrencies is being built. While numerous projects have arisen to fulfill this need, LAPO stands out for using the DASH protocol and applying smart contracts to it.

Though cryptocurrencies have risen in popularity and now constitute over $300 million in market capitalization, investors are experiencing difficulties trading the cryptocurrencies of their choice and converting them to fiat currencies. The lack of liquidity and incompatibility between platforms have prevented cryptocurrencies from gaining even greater adoption and being used for daily transactions. To fix these problems, LAPO will establish a platform with numerous financial services, including a cryptocurrency exchange, cryptocurrency wallet for sending and receiving payments, payment processing for merchants, and loans, to name a few. Users of the platform will have access to these services using mobile devices or desktops.

In order for cryptocurrencies to become mainstream, the underlying technology, the blockchain, will need to scale. Due to the speed, security, and low transaction fees of the DASH blockchain, LAPO has decided to base its platform on its protocol and add smart contract capabilities to it. Due to the platform’s use of the DASH protocol, transactions within it will only take two to five seconds. Smart contracts allow users to execute contracts without intermediaries, effectively reducing the costs of transactions. Essentially, LAPO will function as a bank without bankers who charge high commissions that are passed onto consumers.

Essential to the LAPO platform is its native currency, LAPO Coin (LAX). LAX will be used in all transactions on the platform as an intermediary coin that will add liquidity and stability to the platform. Additionally, users will be able to create their own tokens on the platform to use as currency.

LAPO has been conducting an unofficial presale from February 1, 2018 to May 1, 2018, with LAX selling for $0.01. Its official presale, or crowdsale, starts May 1, 2018 and will last to June 1, 2018. During the official presale, LAX will sell for $0.025. According to the whitepaper, no more than 10,000,000,000 will ever be created. Cryptocurrency enthusiasts interested in a project incorporating DASH and smart contract capabilities, and aiming to disrupt global finance, may want to look further into this project while doing their due diligence.

*I am receiving LAX for the growth of the community.

Author: pushups44

To find more information about LAPO:

Website: https://lapo.io/

Whitepaper: https://lapo.io/files/lapo-whitepaper.pdf

Telegram: https://t.me/lapoofficial

Forty Seven Bank: Cryptocurrency Financial Services

Forty Seven Bank provides cryptocurrency financial services.

Forty Seven Bank will connect the world of cryptocurrencies with the mainstream banking system, allowing cryptocurrency owners to convert their cryptocurrencies into numerous assets including fiat currencies. By combining the best of both worlds, Forty Seven Bank has the potential to revolutionize the global financial system by unleashing the power of blockchain technology.

When bitcoin was introduced in 2009 by a reclusive character named Satoshi Nakamoto, the press either ignored or mocked his creation, asserting it could never be regarded as money. What made bitcoin unique compared to other forms of money that have been tried in the past was that it was decentralized and distributed, preventing any person or group from taking control of the currency and dictating its value and terms. The distributed ledger that records transactions, which any user with a bitcoin client can download, is known as a blockchain. Because the ledger is not stored at any one location, and because miners are rewarded by securing the network by solving complex mathematical problems, blockchain offers unrivaled security compared to the vulnerable systems before it. While the financial world largely continued to ignore blockchain back then, today it is coming to grips with the revolution unleashed by this disruptive technology.

Since the creation of bitcoin, advancements have been made in the blockchain industry, such as with the development of smart contracts by Ethereum in 2015. Smart contracts allow users to execute contracts once the obligations or terms are fulfilled by both parties without intermediaries such as brokers that add on costs. By allowing parties to engage in brokerless transactions, the potential of smart contracts to disrupt many industries, and especially finance, cannot be overstated. The Ethereum blockchain also allows developers to build Dapps (decentralized applications) on top of it. Forty Seven Bank, building on the Ethereum blockchain, will allow developers to create apps to participate in and enhance its financial ecosystem.

Forty Seven Bank, in compliance with European regulations, will allow users to set up a Multi-Asset Account that will provide access to their accounts from different banks. The Multi-Asset Account will also give users access to their account details and transactions, and will enable users to trade cryptocurrencies with fiat currencies. Users will be able to obtain a debit or credit card to spend their cryptocurrencies and withdraw money from an ATM. Forty Seven Bank will also provide loans, cryptobonds, and payment processing for businesses, among other services. The platform will also implement biometrics and machine learning to remain on the cutting-edge of technology.

The FSBT token, the native currency of the platform, is an ERC20 token that can be stored in popular Ethereum wallets and traded at exchanges. Token holders can use the tokens to buy products and services on the platform, use them as collateral for loans, and will be entitled to 20 percent of the annual revenues generated by the platform to build loyalty to the platform and give the tokens value tied to the platform. During the crowdsale that is now taking place and ends April 31, 2018 or when the hard cap of 5,000,000 FSBT are sold, whichever comes first, each FSBT token will sell for 0.0047 ETH. As a platform offering individuals and businesses many financial products and services based on blockchain technology, Forty Seven Bank has the potential to radically transform the industry.

*I am receiving FSBT tokens for the growth of the community.

To learn more about Forty Seven Bank:

Website: https://www.fortyseven.io/

Whitepaper: https://drive.google.com/file/d/0BzvESRkgX-uDeHc1QjRzbHRBelU/view

Midex: Digital Asset Platform

Midex provides a cryptocurrency exchange and financial platform.

As cryptocurrencies increasingly become mainstream, financial institutions must adjust to this emerging asset class and allow customers to fully utilize them for their personal and financial needs. Midex is one such company seeking to bridge the gap between this emerging asset class and the traditional financial world.

Among the services offered by Midex on its platform is the licensed Midex Exchange, which allows customers to freely trade cryptocurrency and fiat currency pairs 24 hours a day, 7 days a week. Midex Exchange customers can obtain the private keys to their cryptocurrency wallets, unlike at other exchanges. This exchange is live and accepting new users. As a platform with a working product, Midex stands out for actually delivering services that cryptocurrency traders and enthusiasts can actually use. In this industry, many companies are currently making promises and seeking funds without even a product or even team assembled.

Midex will also offer other essential financial services on its platform, such as debit and credit cards for shopping and withdrawing cash from an ATM, loans, investment services, news, and escrow services. Customers will also be able to interact with a virtual Midex office and employee using a VR headset to have any basic questions about the platform answered.  For businesses, Midex will make accepting payments from customers in cryptocurrencies or fiat currencies easy, thus opening up the possibility of attracting new customers who prefer to use cryptocurrencies over fiat currencies for payment. Potentially, businesses that accept payments using the Midex platform can save substantial amounts of money in the long run by avoiding the high fees charged by conventional payment processors.

The native token of the platform, MDX, is ERC20 compatible and runs on top of the Ethereum blockchain. MDX tokens allow users to obtain services and products on the platform, and MDX token holders will receive 20 percent of the daily commissions generated by the exchange and other services on the platform. As an integral part of the platform, MDX tokens have value that users will recognize and appreciate.

The  Midex crowdsale that began January 15, 2018 ends April 15, 2018. For the remainder of the crowdsale, the MDX token will sell for $1. The funds raised during the crowdsale will cover the expenses of developing and marketing the platform. ICOBench has given Midex a laudable 4.7 rating. Cryptocurrency enthusiasts interested in a platform that gives essential financial services to cryptocurrency owners may want to review this project further while doing their due diligence. If Midex achieves the goals set out on its roadmap, it can potentially become a highly disruptive force in global finance.

*I am receiving MDX tokens for the growth of the community.

To find more information about Midex:

Website: https://ico.midex.com

Whitepaper: https://ico.midex.com/docs/Whitepaper_EN.pdf