Commolior-T LP & BizWorld CCG LP’s Double Pre-ICO

BizWorld and CT Influence Games have announced a unique, Double ICO for the promotion of a collaboration among three companies aimed to develop entertainment and educational game solutions. Commolior-T LP, a company that develops games for smart audience and businesses is collaborating with two-game developers, BizWorld CCG LP and Social & Political Games LP, in an effort to yield a new range of educational games both for businesses and casual users. Double ICO, resulting out of this collaboration, will enable investors to buy two different tokens made over Waves platform. Many investors have already taken part in the pre-ICO, started on August 1, 2017.

What does Double ICO intend to bring?

The Double ICO will offer two tokens; SmartGames, a token for dividend based investment across various existing and upcoming online games for smart gamers, and CorpEdu, a token for liquidity investment in B2B educational digital games platform that is based on an existing profitable project.

The Double ICO enables participating businesses to divide the massive intellectual games segment for smart people, under two different categories; first is individual end customers, and another is the B2B sector.

These games, within a corporate setting, can act like quality education tools with their own ecosystem. The businesses already own some of the most popular games such as Business Games Club, Persona Quest, and BizWorld Guru etc. CT Influence Games also owns Simulate.Company project, developed along the lines of Business Games Club, offering B2B educational services.

Alexander Tolkach, the CEO of CT Influence Games states that the company has been watching growing video game market for adults, which is neglected by most developers focusing more on other target groups like teenagers. Similar is the case of educational elements of games for corporate usage. The company intends to push both of these decent markets.

The Revolution

Commolior-T LP (brand owner of CT Influence Games), BizWorld CCG LP and Social & Political Games LP, have already gained a great share in games through B2B and B2C games markets’ experience. The collaboration will lead to a revolutionary gaming ecosystem, as the partners are raising funds to launch the crowdsale, aimed towards issuing 75,000 coins of each type, at a great discount of 50%.

Lidiya Sobolenko, the CMO of BizWorld states that they believe that there is a massive market for such games and a need to develop new publishing expertise in order to take benefit of it. The companies find a lot of applications suitable for this project not just for entertainment but also for training and evaluation for corporates.

To know more about the Double ICO, please visit http://edutainment.tech/

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Ethereum continues to prove its mettle in an overcrowded cryptocurrency market. Its smart contract technology is among the fastest adopted technologies this year. The newborn tech companies are heavily relying on smart contracts to setup decentralized systems that facilitate, verify and enforce their negotiations or contracts. This has expanded the Ethereum ecosystem at a much faster rate than any other blockchain system.

However, at the same time, Ethereum remains inaccessible to non-techies. It would evidently be difficult for an everyday user to understand the complexity of a smart contract, to say the least. And this particular issue could hamper Ethereum’s growth as far as the mid-term future is concerned. Understanding the need for a platform that could literally simplify Ethereum adoption for everyday users, a new startup has been conceptualized.

BlockCAT, which is an acronym for Blockchain Complex Automated Transactions, is aimed at simplifying smart contract integration into the existing/new business models. They have proposed a “Visual Smart Contract” system, which allows everybody to deploy smart contracts, with just a few clicks.

So with that said, anybody — yes, everybody — can access Ethereum smart contracts, be it a local club holding deposits for equipment, co-workers raising funds for charity/startup, small business owners taking monthly payments from customers, huge companies managing their supply chain, or communities holding transparent and verifiable voting.

From the developers’ perspective, BlockCAT is a system for steady and fruitful earnings, similar to Apple’s App Store. The platform enables users to submit their smart contracts and earn a portion of the fees when these contracts are deployed.

“Last year, developers on the App Store earned over $20 billion from app sales,” stated Eric Huang, Chief Executive Officer. “There’s a huge untapped potential for the global adoption of smart contracts.”

“Our visual smart contracts could even be combined and chained together, building out entire business models – the possibilities are truly endless. If the smart contract you need doesn’t exist, you’ll have the visual tools to create it with BlockCAT.”

 

The Token Sale

In order to ensure the decentralization of BlockCAT platform, the board had decided to launch the crowdsale of their in-house CAT tokens. The crowdsale started from July 15th, 2017, and will go on until August 16th. As per the information available in BlockCAT whitepaper, a fixed pool of CAT will be generated. Out of the minted tokens, BlockCAT board will hold only 20% of the total tokens (subject to a freeze period), while the participants will get a good portion as incentives for their marketing assistance. At last, the community will hold 79% of all CAT — having the maximum share to ensure decentralization.

The base exchange rate at which CAT is available is 300 CAT per ETH.

To know more about BlockCAT and their Token Sale, please visit their official website here.

So that is another week pretty much done for our bitcoin price trading efforts and we’ve managed to close out the week on a pretty positive note. For anybody that caught this morning’s analysis, our efforts throughout the day to do just that won’t come as anything of a surprise. For anybody that missed it, we were primarily focused on keeping our risk management parameters tight in an attempt to make sure that – even if markets brought with them some volatile action – we didn’t give away the profits we had generated throughout the early to mid part of the week and that, in turn, we ended the week in the black.

As it turned out, that’s exactly what happened.

We didn’t have too much by way of opportunity to jump into the markets on the rules of our standard breakout approach, but when price moved, it didn’t move in such a way that we were muscled out of the markets for a considerable loss. We have the remainder of the US session ahead of us and our strategy tonight is going to be much the same as it was during the European session today.

That is, try and get in and out on a couple of quick turnaround trades, but don’t do anything stupid and ensure that we end the week net positive.

So, here are the levels we are looking at.

Support for this evening comes in at 3520 while resistance comes in at 3549. We are going to go with a standard breakout approach for this evening, so if we see price close above resistance we will enter long towards an immediate upside target of 3590. Conversely, a close below support will have us in short towards 3500 flat. A stoploss on both positions will ensure we are taken out of the trade in the event that – as outlined above – price reverses to trade against us.

Charts courtesy of Trading View

Various companies around the world show an interest in cryptocurrency these days. Envoy Group is a company focusing on mining, blockchain, and digital currency. In a recent announcement, the company mentions how they improve the management of their mining infrastructure. A new operating system is in use, which improves efficiency of the entire operation. All mining hardware is now centrally managed and monitored. An interesting development, although few people know this company even exists.

Envoy Group is not a name most people associate with cryptocurrency mining. That isn’t entirely surprising either, though. Their bread and butter is mining digital currencies. To do so, the company uses GPU technology rather than ASIC miners. This indicates they aren’t mining Bitcoin but altcoins, which can be pretty profitable. All of their mining arrays are located in a secure facility located in British Columbia. Maximizing profitability is always the number one priority for this company.

Envoy Group improves GPU Mining Infrastructure

To do so, the company has created a new solution. More specifically, their BitReturn division is able to improve mining operations. A new operating system has been created to maximize GPU mining efficiency. Additionally, it allows for easier monitoring and managing of the hardware in use. Reduced labor requirements and improved scalability are the main selling points of this development. It doesn’t happen often mining companies publicly share their advancements in this regard. However, even companies such as Envoy Group need to cut down on labor costs whenever possible.

Even though some people won’t admit it, cryptocurrency mining efficiency is affected by human error. More specifically, human error causes profitability, uptime, and efficiency to suffer over time. Envoy Group’s new product is designed to make those problems go away altogether. It is an ambitious development, though, considering they control thousands of GPUs at any given time. Large mining operations can certainly benefit from better operating systems. Additionally, it will improve overall earnings, which is never a bad thing.

According to the press release, Envoy Group is keeping tabs on a few altcoins to mine. That list includes ZEC, Sia, Ethereum, Monero, and Dash, among others. Those are all coins with a mining algorithm nearly unaffected by ASIC mining. Using GPUs to mine cryptocurrencies can certainly be profitable. However, it requires mining the right currency at the right time. This new operating system will switch between profitable coins automatically. Do keep in mind BitReturn doesn’t sell cloud mining contracts. The parent company’s stock is publicly traded, though, and this new development can have an interesting effect on its value.

The final day of the week is here in our bitcoin price efforts and the week has gone pretty quickly. We have managed to jump in and out of the markets on a number of occasions and – on many of these occasions – we have been able to draw a quick turnaround profit from the market. We haven’t been without hiccups, of course, but that’s just the nature of these sorts of strategies. With any luck, we can continue our winning the trend into

With any luck, we can continue our winning the trend into the weekend and end the week on a high. So, without further ado, let’s get some levels put together with which we can carry forward into the session this evening. As ever, it is best to take a quick look at the chart below before we outline the key levels so as to get an understanding of how price moved overnight and where things stand in the bitcoin price right now. It is a one-minute candlestick chart (the smaller frame charts are quite responsive in this asset at the moment) and it has our key range overlaid in red.

As the chart shows, the range we are going for this morning comes in as defined by support to the downside at 3463 and resistance to the upside at 3493. Standard breakout rules apply for the session, so we will look for a close above resistance to validate an immediate upside target of 3520. A stoploss on the position somewhere in the region of 3485 works well to define risk and will ensure we are taken out the trade in the event of a bias reversal.

Looking the other way, a close below support will have us into a short trade towards a downside target of 3420. We need a stop loss in place again and somewhere in the range of 3470 looks good for the time being.

Chad’s courtesy of Trading View

Many companies and projects see cryptocurrency ICOs as the new way to raise funds. Crowdfunding has become somewhat popular in the financial sector lately. An ICO, however, is largely unregulated and attracts investors from all over the world. NuMeLo Technology had a plan to host their own ICO in the future. However, the SEC has a different opinion about this plan. As a result, they suspended the trading of shares in this OTC-Traded technology company.

Things have gone from bad to worse for NuMeLo Technology. The company is quite successful on the OTC Markets Group. The company is actively looking to raise additional money as well. Their plan was to run a cryptocurrency ICO to make this happen. The plans have been public since July 6th, but the SEC is one step ahead. Now that these plans are known, the company’s shares are temporarily suspended by the SEC. A very strange turn of events, to say the least.

NuMeLo Technology Catches the SEC’s Attention

The decision for this upcoming ICO was made not too long ago. A blog post explains how a new management team is running things right now. A change of business strategy requires more financial means, which is to be expected. However, the company makes some odd claims which concern the SEC, by the look of things. Promising a US$530bn target market collaboration using blockchain technology is pretty ambitious. Such statements often influence decisions made by the SEC. Attempting to ICO may be the biggest mistake the company has made to date.

A press release regarding this ICO was issued three weeks ago. It mentions how the company wants to trade African public stocks from many different countries. NuMeLo Technology will do so using a single cryptocurrency on US trading platforms. Giving US investors access to growth opportunities is commendable. However, NuMeLo Technology’s description of this ICO almost makes it sound like a scam. It’s only normal the SEC wants to prevent that from happening. In fact, the SEC is concerned about the accuracy of assertions made by NuMeLo Technology.

All of this shows ICOs can become a very big threat in the long run. Publicly traded companies now see this method as a way to raise millions without going through traditional channels. That will have repercussions up to a certain degree in the future.  For now, the NuMeLo Technology shares remain suspended until August 23rd. It is possible they will be suspended further after that date, though. An official investigation by the SEC appears to be underway as we speak. Given the institution’s stance on ICOs lately, this move isn’t all that surprising, though.

At the Crypto Bazar forum focusing on developing and regulating the crypto-currency market in Russia, the creator of the Universa platform Alexander Borodich, who is the former top manager of the largest Russian IT company Mail.ru Group and now the head of the Venture Club venture fund announced the plan to attract over $100 million during the new ICO.

Universa is expected to make a rival to such financially successful projects as Tezos ($230 million) and EOS ($200 million). According to Borodich, the founding of Universa can be compared to the revolution in trade, after the advent of paper money, or the Internet, after the appearance of HTTP.

“The dependence of blockchain on mining process and its high expenses resembles the dependence of gold coins on the price of gold,” says Borodich. “Universa offers an easy and cheap way to produce smart contracts or smart banknotes – sort of a capsule with an emitter’s payment obligation.”

The Universa unique feature is a thin protocol and a fat client, unlike Ethereum, which uses a fat protocol. Each vendor, supplier, or market player will be able to provide their own local service within Universa, independent of the others, and to perform payment transactions in any tokens or currencies.

Borodich considers important that Universa does not act as a cryptocurrency provider. Universa provides a blockchain technology and interface for creating smart contracts and applications based on the Universa blockchain, where Universa smart contracts can be applied in the same way as a car “smart key,” in the car-sharing services, hotel business, entertainment centers, SPA, “smart houses,” at gas stations, toll roads, and parking lots.

Borodich gave an example of applying Universa in the cargo delivery business: “The label on the RFID system (the method of automatic object identification, which uses radio signals to read or write data) equipped “smart seals” is recognized by the terminal, and the user receives the cargo description, as well as any necessary details. To accomplish this, one only needs a Smartphone with a Universa blockchain mobile node.”

Universa presents many advantages in comparison with its competitors: Universa’s speed accounts for 10,000 transactions per second, while in Etherium, the number is 15, and in Bitcoin – from three to six. In addition, transactions in Universa are ten times cheaper and do not depend on mining.

The Universa ICO start will be announced in the near future. You can follow the project news on http://universa.io, or at the official group Facebook.

The experts at the forum mentioned Russian projects being popular with investors and noted the fact that the capitalization of the cryptocurrency market crossed the $95 billion mark. Thus, MobileGO ($53 million), SONM ($35 million), Polibius ($ 31million), Waves ($16 million) raised tens of millions of dollars in a couple of months. Along with the crypto-investors and founders of ICO-projects, the speakers at the Forum included the Russian State Duma representatives and the heads of the industry specific sectors at Russian leading banks.

GEORGE TOWN, CAYMAN ISLANDS – August, 10 2017, Rivetz Intl, Inc. (https://rivetzintl.com) today announced it has secured $5.5 million USD (19,000 ETH) in a private presale of its Rivet (RvT) token, a cybersecurity token developed to provide verifiable security controls for cloud authentication, IoT, blockchain, and legacy financial transactions.  The RvT token enables multifactor authentication across devices, to achieve provable security at both the transaction and authentication level. The Rivetz solution uses technology that is already built in to hundreds of millions of mobile devices to assure the keys and transactions can not be altered or stolen by malware infecting the operating system. The token sale will open to the public on August 10, 2017 at 17:00 UTC.

Institutional buyers in the presale, including BnkToTheFuture and Tally Capital, are vocal in their support for Rivetz’s multifactor authentication solution.

“We are very supportive of the goals of Rivetz and happy to add it to our portfolio of tokens,” said Simon Dixon, CEO BnkToTheFuture.com. “Turning our phones into hardware wallets in a way that is scalable will be an important advancement as the world adjusts to owning their own digital assets. Rivetz CEO Steven Sprague is a true expert in the field of security, and the perfect leader to bring this innovation in personal security forward.”

“The Rivetz token distribution is a groundbreaking moment in decentralized cybersecurity,” said Matthew Roszak, managing director of Tally Capital and co-founder of Bloq.  “Rivetz provides consumer protections and simplicity that will help blockchain applications achieve their next level of adoption.  This new platform will add a crucial new layer of protection to exchanges, wallet and new tokens to ensure a level of data integrity and identity protection never before available.”

The token sale is led by leading crowdfunding platform TokenMarket. For more information, visit https://rivetzintl.com. The team is available to answer questions on  Slack  or Telegram

About Rivetz

Rivetz is focused on solving problems associated with consumer and machine-to-machine digital transactions. Rivetz technology and services aim to provide a safer and easier-to-use model for all users to protect their digital assets using hardware-based trusted execution technology. The device aims to play a critical role in automating security and enabling the controls that users need to benefit from modern services. Rivetz leverages state-of-the-art cybersecurity tools to develop a modern model for users and their devices to interact with services on the Internet. For more information, visit www.rivetz.com

All product and company names herein may be trademarks of their registered owners.

Rivetz Media Contact: Transform Group, [email protected]

Rivetz Company Contact: [email protected]

TokenMarket Contact: Freya Stevens, [email protected]

ICOBox, the platform that facilitates ICOs and crowdsales has announced the launch of its own initial coin offering. The upcoming ICO will follow the presale which went live on August 9, 2017. The presale of ICOS tokens will continue till August 15, 2017, where future token holders can avail early bird discounts on the token purchase. ICOBox offers a suite of services, much needed for today’s cryptocurrency industry, in particular for the projects that are trying to sell products and services over the ICO route. The package includes technical, legal and marketing services; all offered at a flat fee. The ICOBox crowdsale will go on for a period of 32 days, and backers  of the platform will get to be part of the platform’s activities including the right to vote in selecting pre-screened ICOs and gain access to their tokens at fixed discount slabs that can go as high as 75%. In the recent press statement, the co-founder of ICOBox, Nick Evdokimov was quoted saying,

“We are thrilled to make ICO technology available to promising startups whose main worry is their inability to finance their business startup costs. With our own ICO, ICOBox is opening crowdselling know-how, which in the past was only available to blockchain startups, to the whole wide business world. “

The technology used in ICOBox offering includes a ready-to-deploy book building platform along with smart contract and token management system. The platform also offers legal and marketing solutions to the clients. The legal solutions include recommendations on whitepaper drafting, contracts, review, and recommendations. Similarly, the marketing solutions deal with marketing strategy including advertising target, budget, critical public relations recommendations, bounty program setup and more.

Projects can start making use of ICOBox tools to run their ICOs starting August 15, 2017. In order to do so, they will have to submit an application. Out of all the applications received, the community will select 10 of the best projects and provide them access to the tools. ICOBox has divulged its plans to start catering to 10 new projects every month and eventually increase it to 15 per day, reaching at least 800 projects in the very first year.

The crowdsale can be accessed at icos.icobox.io

Key Highlights

  • ETH price remained below the $308-310 resistance against the US Dollar.
  • There is a connecting bearish trend line with resistance at $308 forming on the hourly chart of ETH/USD (data feed via SimpleFX).
  • There pair is move to and fro between $290-308 before making the next move in the near term.

Ethereum price remains elevated against the US Dollar and Bitcoin, and ETH/USD might trading in a range above $290 before making the next move.

Ethereum Price Resistance

Recently, there was an upside move towards $308 in ETH price against the US Dollar. The price traded as high as $308.61 where it faced sellers and moved down. During the downside move, it broke a bullish trend line with support at $301.14 on the hourly chart. There was even a break below the 23.6% Fib retracement level of the last wave from the $276.83 low to $308.61 high.

However, the downside move was protected by the 38.2% Fib retracement level of the last wave from the $276.83 low to $308.61 high. The price is now once again moving higher towards the $308 resistance. There is a connecting bearish trend line with resistance at $308 forming on the hourly chart of ETH/USD. This trend line may prevent gains above $310 one more time. In the mentioned case, there could be a retest of the $300-295 area before the price resumes its uptrend.

Ethereum Price Technical Analysis ETH USD

On the downside, the 50% Fib retracement level of the last wave from the $276.83 low to $308.61 high is a good support at $292.72. Buying dips towards the $292 support and the 100 hourly simple moving average can be considered in the near term.

Hourly MACD – The MACD is reducing its bullish slope and may move into the bearish zone.

Hourly RSI – The RSI is attempting to settle above 50 level, which is a positive sign.

Major Support Level – $292

Major Resistance Level – $308

 

Charts courtesy – SimpleFX