Cryptocurrency – CryptocurrencyTrade.com https://cryptocurrencytrade.com Fri, 08 Dec 2017 21:22:48 +0000 en-US hourly 1 https://wordpress.org/?v=5.4.16 NakamotoX Cryptocurrency Exchange – Safe Investment Trading? https://cryptocurrencytrade.com/nakamotox-cryptocurrency-exchange/ Fri, 08 Dec 2017 21:22:48 +0000 http://cryptocurrencytrade.com/?p=34 What Is NakamotoX Cryptocurrency Exchange?

Based in the Czech Republic and registered in the United Kingdom, NakamotoX claims to be the next generation digital asset trading platform. It is currently in Alpha release and invites users to test the various features on the platform and participate in a trading contest.

As described by the NakamotoX team, “NakamotoX has a simple and easy-to-use interface that ensures a straightforward trading experience for beginning and advanced traders. The exchange is also fully responsive [and] is available on all desktop and mobile browsers with Android and iPhone apps coming soon.”

NakamotoX’s goal is to provide the highest quality, low fee and maximum user-friendly interface experience (simple enough for beginners, customizable for professionals. The state of the art technology stack comes with the utmost reliability and security currently possible. The team believes that their experience in digital assets trading and strong technical background leads them to full commitment to our mission to become the largest exchange for crypto currencies in the world.

The platform has been built completely from scratch with a field-tested matching engine able to handle hundreds of thousands of trades without any lags or unresponsive UI. Even though it’s not fully decentralized, the platform is going to offer some decentralized features, which will be introduced later on.

Features include high security standards, built with the fastest and most reliable trading engine capable of handling transaction rate of 1M/s, complete data encryption and storage in accordance with GDPR, voluntary adoption of EU AML directives, completely decentralized infrastructure, all risk engine procedures derived from standard banking systems, instant settlement processing as per predefined verified limits, extended support and fiat withdrawal options.

NakamotoX Cryptocurrency Exchange Security

NakamotoX takes a comprehensive, while somewhat conservative approach to security. It has built in a number of sophisticated measures to prevent the theft of money or information and it also recognizes how essential it is for a professional exchange to offer financial stability, with full reserves, healthy banking relationships and the highest standards of legal compliance.

All new deposits are immediately moved to offline cold storage and the wallets are encrypted. Only a finite amount of coins required to maintain operational liquidity are stored in hot (online) wallets. User accounts are secured with 2FA, PGP/GPG for email encryption and email signature/verification and all sensitive account information is encrypted. Various other measures are also to be implemented to ensure system and financial security and transparency of the exchange’s finances.

NakamotoX’s legal approach is to operate conservatively, entirely within the bounds of the current law, and to constantly monitor regulatory developments. Compliance measures are designed by a five-member team of legal advisors, including a full-time General Counsel who is responsible for constantly evaluating legal stance in the face of regulatory developments.

NakamotoX Cryptocurrency Exchange Alpha Contest

For the initial launch of the platform, 10,000 users will be invited to participate in a contest. All users will have access to a test account with preloaded balance of various cryptocurrencies and a fiat balance. At the end of the Alpha testing phase, 5 users who most gainfully increase the value of their portfolio will receive awards ranging from 1 Bitcoin for first place to a TREZOR hardware wallet for 5th place.

As a way of showing gratitude for participation in Alpha testing, all active participants will get special benefit which will be voted upon for trading during follow up Beta version. The final structure of trading fees will be announced during Alpha version. The primary purpose of the Alpha is to obtain feedback on the platform’s performance and the identification of defects.

To be eligible to participate in the the Alpha test phase, users must be 18 years of age or older and have the capacity to contract under applicable law. Entry into the Alpha and Contest is free. No purchase of any service and no payment is necessary in order to enter the Alpha contest. Participants cannot enter the contest with more than one email address. In the case of multiple entries, the participant may be disqualified from participation at the sole discretion of NakamotoX.

Users can request an invite to test the Alpha release at: nakamotox.com/

The Team Behind NakamotoX

  • Jiří Fiala – General Manager
  • Kamil Brejcha – Operations Manager
  • Radim Kozub – Compliance
  • Pavel Urbaczka – Compliance
  • Jiří Procházka – Financial Manager

NakamotoX Cryptocurrency Exchange Verdict

NakamotoX talks the talk, hitting all the right notes when it comes to being a secure, solvent, reliable cryptocurrency exchange. It remains to be seen if it can walk the walk. Early signs are promising.

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Billionaire Token – XBL ICO Gambling Games, Dice, Raffle & Cards? https://cryptocurrencytrade.com/billionaire-token/ Wed, 29 Nov 2017 00:52:32 +0000 http://cryptocurrencytrade.com/?p=31 Cryptocurrency has been welcomed with open arms by the online gaming and gambling world since the earliest days of the blockchain. The concept of decentralized, extremely liquid, valuable, and completely anonymous currencies sit well with many online gamers and gamblers, which has led to the creation of thousands of highly popular crypto gambling sites and platforms.

The tokenization craze has also led to the launch of hundreds of different gaming and gambling oriented initial coin offerings. Some of these have been highly successful, while others have failed dramatically. A recent successful initial coin offering is currently offering gamers a new outcome prediction based crypto, but with an interesting twist.

Billionaire Token claims to be the world’s first super deflationary gambling oriented token, and is based on the Ethereum network. In this article, we’ll take a look at the Billionaire Token and find out what it does to help you determine whether it’s worth investing in.

What Is The Billionaire Token?

Billionaire Token recently ran an initial coin offering that began on the 26th of August and concluded on the 26th of September. During the ICO, 3,333,333 tokens were created. The most unique aspect of the Billionaire Token, however, is that the asset itself is highly deflationary- tokens are burned on a regular basis through the “Billionaire Decentralized Raffle”.

While this may sound complex, the core concept is relatively simple. Each week, Billionaire Token runs a lottery system that results in the destruction of Billionaire Tokens. The system uses a smart contract to burn 10% of the tokens that are sent to it on a weekly basis. This reduces the total supply of Billionaire Tokens, increasing the value of each remaining token.

At the end of the week, the Ethereum smart contract that manages the Billionaire Decentralized Raffle delivers 40% of the total amount of funds delivered to it. The first runner up receives 20%, and the second runner up receives just 10%. According to Billionaire Token, 10% of the tokens collected are burned as an “offering to the market gods”, while the final 20% is used to reward other coin holders for burning their currency via a twisted faucet.

While the mechanism that drives the Billionaire Token deflationary process is interesting, the token itself has a number of other applications. Billionaire Tokens can also be used to play a range of different game. The Billionaire Token development team plan to release a Billionair Hold’em game, in the same style as Texas Hold’em , in early 2018.

Interestingly, the Billionaire Hold’em game is completely open-source, and will be built on top of an Ethereum smart contract to ensure that it is provably fair.

Billionaire Token Verdict

Billionaire Token is one of the most interesting gaming and gambling based cryptocurrencies to hit the market recently, and is supported by a unique deflationary mechanism that simultaneously rewards market participants while functioning as a lottery system. If you’re interested in the gaming applications of cryptocurrency, it may be worth sinking some capital into Billionaire Tokens.

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Javvy – JVY ICO Buy/Sell Bitcoin Cryptocurrency Exchange & Wallet? https://cryptocurrencytrade.com/javvy/ Wed, 29 Nov 2017 00:49:59 +0000 http://cryptocurrencytrade.com/?p=29 In the contemporary world, investors are constantly looking for ways in which to diversify their stakes, such as investing in cryptocurrency. Javvy is a platform on which users can comprehensively manage all their cryptocurrency transactions. The system is entirely spread out, with users having the ability to run their wallets from virtually any location worldwide.

Javvy’s Token Utility

Currently, Javvy’s ICO is ongoing, where investors can only buy Ethereum at the rate of one ETH per 500 JVY (Javvy Tokens), with a maximum cap of 2 million ETH. After buying, users can opt to sell, hold or convert the tokens to other forms of cryptocurrency. Those who opt to hoard the tokens after purchase benefit from the price differential, which enable them to enjoy more friendly rates when converting to other cryptocurrency forms.

Javvy Token Sale Overview

The Javvy token sale is a capped event, with a minimum purchase of 5,000 and a maximum of 2,000,000. Early buyers benefit from the discounts, while interested parties can be enjoined in the presale by contacting the company and paying a small amount as down payment.

  • Token symbol –JVY
  • Pre-sale – 15th October 2017 9:00 AM, with bonuses and discounts
  • ICO start date – 1st November 2017 9:00 AM
  • ICO end date – 15th February 2018 9:00 AM
  • Platform – ERC 20

Upon the successful completion of the ICO, Javvy plans to release the funds within 4-6 months. Marketing will take the biggest chunk of the proceeds, as the company is still in its baby steps and therefore needs to aggressively promote its unique services. Also, salaries will consume a significant proportion of the first payout, though this is expected to subside as years go by.

Facts About Javvy

Every transaction made with Javvy is documented in a virtual location known as the ‘wallet’. This method is employed to enhance the simplicity of the cryptocurrency model, which more than often proves to incomprehensible, even to elite business minds. The wallet eases the process of acquiring, selling, and converting digital currency while also guiding your investment through the regular and timely provision of market research and analytics.

Through their ‘wallet’ Javvy offers to its customers a myriad of benefits, making a suitable choice for consideration when looking to delve into the cryptocurrency business. Below are some of its pros:

  • No registration – transactions on this platform are entirely anonymous.
  • Full-service exchange – this avoids the insincerity associated with peer-to-peer and third-party connections.
  • Accessible on all popular platforms, Windows, Linux, Android, and Mac.
  • Multiple means of payment – deposits can be made through cash, debit cards, and bank transfers.
  • Multiple languages – the project is available in all major languages.
  • Security and user-friendly backups – the project is not web-based, hence eliminating the chances of malicious persons getting traces of your digital transactions.

What Lies In The Future For Javvy?

Without a doubt, the Javvy project got off on a strong footing. By offering cutting-edge, simplified and uniquely comprehensive cryptocurrency management solutions, the enterprise lay its foundation on the rock. If the initial show is anything to go by, the future looks promising for this up and coming financial tech giant-to-be.

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