IndiCoin: A Blockchain Based Crypto-Social Initiative

Blockchain technology has created a buzz around the world by changing the way we bank online, changing the online social community among others. This is just the beginning. Among the countries caught up in the blockchain frenzy, India has one of the largest blockchain talent pools in the world. The country has registered a rise in the number of companies adopting the blockchain technology which has in turn led to an increase in demand for blockchain courses from within the country. Blockchain technology is finding application in more than just the businesses world but also the social service sector where ordinary people can contribute to uplifting the society and receive a reward for their effort.

Let’s consider Indicoin — ICO launches on 1st November 2017. Indicoin is an open-source community-based governance model for social innovations all across the world, with each member contributing towards the betterment of humanity and the planet as a whole. The principle implemented is to provide an autonomous platform where a number of social planning and work can be done and shared by the community on the basis of governance and consensus model using the funds locked in smart contracts. This aims to disrupt the centralized hierarchy structure in the society today which has been characterized by widespread corruption.

Well, how will this be possible you ask? Blockchain technology creates a system of decentralization which makes sure that no single person, entity or organization has control over the funds allocated to social welfare and betterment. Collected funds are distributed through smart contracts to trusts, NGOs and any other individual working in the society, in a proof of work scheme which any independent social worker or organization will provide on the platform. The actual proof of work can range from anything but not limited to live videos, images, RTI, E-way bills in full anonymity. The social proof (proof of work) is voted and validated by the community and funds distributed according to the consensus model.

Indicoin is launching its own decentralized autonomous cryptocurrency whereby users who achieved a portion of votes would be able to forge Indicoins from the blockchain, benefiting the members and all those who voted in their favor. Indicoin will issue 1 billion Indicoin tokens (INDIs) within 10 days after the crowdfunding exercise ends, where each token represents a percentage ownership of the Indicoin platform. The Indicoin token will be an Ethereum-based token of value which enables cost saving, efficiency and transparency on the platform and the Indian society as a whole.

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Renowned Professor of Economics and Political Science, Barry Eichengreen, has declared that he believes decentralised cryptocurrency will “not really” play a part in the future of finance.

For the University of California lecturer, it is far more likely that central bank-issued digital currency will be favoured, thanks to the ability virtual currency has to streamline existing financial services. Meanwhile, the ease with which people can use truly decentralised currencies for illicit activity will fatally hinder their adoption. Speaking to CNBC, Eichengreen stated:

I think there is a role for central bank-issued digital currencies which are a very different thing than crypto, anonymous currencies… The first alternative central bank digital currencies will make transactions more efficient. The second one is a vehicle for money laundering, tax evasion and the like.

Of course, one of the largest draws of true-cryptocurrencies (like Bitcoin and Ether) is their independence from central banks. Many naysayers, such as JP Morgan Chase’s Jamie Dimon, seem to believe that the appeal lies in subverting the law for the purposes of money laundering, drug dealing, or child pornographing. However, this reading is downright offensive to the many crypto-advocates who simply believe that central banking institutions exert too much control over cash flows. Thanks to Bitcoin and other cryptocurrency’s qualities of decentralisation and scarcity, their users are protected against the often questionable decisions of bankers who seem to care about little else than lining their pockets with gold.

For the proponents of cryptocurrencies, the time has come to take back control of global financial systems which are controlled by centralised institutions such as the Federal Reserve in the US. Fractional reserve banking has systematically devalued currencies across the planet and, along with other dubious banking practices, serve as a tool of the elite to control cash, and therefore people. By controlling the system, they allow themselves to reap the benefits with scant regard for the fate of those at the bottom of the economic ladder. Unfortunately, central bank-produced digital currencies like those suggested in Russia and China would simply allow for even greater control. Every dodgy trick in the book would still be available to those who control the nodes running a centralised digital cash system. Meanwhile, they’d also ensure that every incidence of tax aversion could be irrefutably proved. Essentially, rather than providing an avenue to escape oppressive control, the digital currencies which Eichengreen favours would just allow for even less financial liberty from centralised points of failure. This equates to a win-win for those, like Dimon, who have most to fear from true decentralised cryptocurrencies.




Most of the applications of the Blockchain technology is driven by the smart contracts, which have the capability of automating decision making and execution in most of the settings. As most of the big names across industries pour money into creating and implementing these smart contracts into their organization’s operations and workflow, smaller players with limited funds are left scampering, finding the most viable method to keep up with the evolving industry standards. In such a scenario, Confideal – a blockchain project claims to be on a mission to address various issues and solve the needs.

We at NewsBTC connected with the CEO of Confideal, Petr Belousov and asked him few questions to get to know the project better and to understand whether it really has something exciting in store for the masses.

Q: Confideal has been making a lot of noise lately in the cryptocurrency community. The platform claims to make smart contract creations walk in the park. Can you please elaborate on it?

A: The main idea is pretty well known in the crypto world: we have a very simple idea to build an ecosystem that will allow to build smart contracts from templates and as the final flourish – add the arbitration module to that. Thus, this kind of transparency is a great thing in the ICO world. The simpler the project is the easier it will be to keep all promises brought to life.

We are interested to implement all of the above to the fast growing IoT sphere.

Q: How different is Confideal from other platforms that claim to do the same?

A: The trick is that they all start to copy some things from our service. However, our competitors only build the arbitration or the templates. We are, however, building an ecosystem for both of those features. Moreover, the biggest and the main difference that other projects have only the idea of the project without a ready to use product. We have an MVP (minimum viable product) and we are working on new templates to bring them to life. Other projects have only their websites with white papers, without a ready product. In fact, only 16% of all ICOs have a ready to use product and that makes us somehow unique.

Q: Is this platform being built keeping a particular industry in mind? Where do you see the platform implemented the most?

A: There is certainly nothing particular, we have the most basic smart contract template that can suit every industry out there. To elaborate: we will introduce smart contracts with special purposes like freelancing, IoT sphere that will be supplied with sensors in order to make our smart contracts work in a proper way. Moreover, we are interested in doing smart contracts for renting or selling real estate and so many other things.

Q: Regarding the ICO, how much are you planning to raise and what will it be used for?

A: We want to raise 70,000 ETH. For what, you will ask? In order to have the ability to carry out the necessary heavy projects. The real arbitration with real law firms implemented into the ecosystem; IoT integration etc. To connect all this with hardware (for example plug your refrigerator to the blockchain, making it order the products all by itself).

Q: Any partnerships or industry associations in the making?

A: Yes, of course, we have partnerships. It is hard to survive as a business or a startup nowadays without a normal partnership. We have partnered with a lot of new projects and we will release a press release about that, just before our ICO.

Q: Do you think there will be an impact of the ICO ban in China and other places on Confideal’s crowdsale?

A: Well, on the one hand, I think it can have an impact on it, for the simple reason to lose the investors from China. However, on the other hand, we targeted our project globally and we don’t think will have an impact.

Q: Future plans?

A: We have built a very precise plan for the future in our Roadmap. You can take a look at it on our official website:

Well, looks like Petr aced it with the last question, by implying that the team has everything in place to make their vision a reality pretty soon. With the crowdsale round the corner, we will continue to keep an eye on the developments and appraise the readers of any significant news from their end.

As per data from, a total of 2,286 arbitration cases were filed in August 2017, with 1,511 (66%) being filed by customers and 775 (34%) being intra-industry cases.

The average settlement time (in months) for these disputes was 14.6 with 17.1 months taken to totally address complex issues and 6.7 months for simple ones. This shows that international trade is not free of disputes arising from contracts.

Traditionally, these cases are heard and settled in the court of law. But when it comes to settling disputes on blockchain, the picture changes radically. Have you ever heard about escrows? That’s how it happens on decentralized networks.

Confideal is a platform meant for commercial interaction based on smart contracts. Individuals, small businesses, large enterprises, and online companies across the world can participate in automated arrangements with the use of predefined conditions on the Ethereum blockchain.

What makes Confideal stand out is its ability to eliminate contract disputes pertaining to counterparties interaction, foreign exchange regulations, and arbitration. The platform attracts qualified arbiters to act as escrow agents and settle disputes between users. They can provide the platform with their data for enhanced transparency in the process.

An escrow agent is a person or entity responsible for withholding assets for parties bound by contracts. This happens while an associated transaction is finalized or a dispute related to the contract is being resolved.

They essentially serve as neutral middlemen. The role of an escrow agent is defined by the escrow agreement entered into by parties to a contract. The parties thereby agree that the designated third party (escrow agent) shall control an asset on their behalf until the transaction is complete. The assets are held onto, until the third party receives appropriate instructions about the contractual obligations being met completely.

Confideal isn’t just arbitration, though. It’s an inclusive ecosystem for making deals, and therefore its structure is one of a kind. From signing the contract to its conclusion, Confideal supports every operation with the contract. Moderation of disputes is divided here into two separate modules: Arbitration and Mediation. In the Arbitration module, the arbiters’ decision is legally binding and can be enforced in a court of law. The decision conforms to national laws and the UNCITRAL international arbitration regulation.

Mediation is by far the better option for any disputes. It does not conform to any strict regulations. Instead, it relies on the agreement made between disputing parties. This takes less time as the decision is enforced within Confideal.

The platform is currently running a crowdsale campaign. More information is available on the website.

In this morning’s bitcoin price analysis, we noted that price had spent the night last night in a corrective phase and that this correction would serve to clear out some of the shorter term operators in the bitcoin markets. We also noted that when we see a correction like this (and, importantly, when the correction is pinned back by a key level such as the 6000 mark we’ve been watching over the last few days) then it generally marks the beginning of a reversal in line with the overarching upside momentum.

Turns out we got exactly what we expected during the session today. The bitcoin price bottomed out in and around the time of our initial coverage and – subsequent to the intraday lows – quickly turned around and spent the remainder of the day steadily appreciating in line with the general bullish trend that we’ve seen across the last few weeks.

As we head into the late US session this evening, then, let’s get some levels in place that we can use to (hopefully) take advantage of this current upside trend. As ever, before we get into the details of the positions we are looking to enter, get a quick look at the chart below. It’s a one-minute candlestick chart and it’s got our key range overlaid in green.

So, as the chart illustrates, the range we are going with this evening comes in as defined by support to the downside at 6311 and resistance to the upside at 6363. Standard breakout rules apply for the entries, so we’ll try and jump in long on a close above resistance and short on a close below support. We’ll target 6400 on the former and 6270 on the latter. Stop losses just the other sides of the entry points will ensure we’re taken out of the trades if things turn against us.

Charts courtesy of Trading View

NewsBTC: You have created a unique product, which at the moment has virtually no competitors on the market: a system for lending using blockchain technology. Tell us about it.

Vladimir: Our credit token really is a revolutionary product. It stands alone against the background of what we’re doing with our main token. You could say that our major contribution to the development of the blockchain community is comparable, for example, to the Commit project that TenX recently presented. What we’re doing with the help of our technology should create an entirely new lending format. Nothing similar has ever existed anywhere, either before or since; this system can only exist due to the existence of blockchain.

Please explain how it works, and what are the potential pitfalls of this system? 

Today we’re seeing an extremely active development of peer-to-peer lending, i.e. a system of lending in which unrelated parties make loans to each other directly, without traditional financial intermediaries. Services are appearing that allow one person to take out a loan from another person at a specific rate, peer-to-peer lending exchanges are appearing, and there’s really quite a number of these solutions – it’s a growing segment. But if you look at blockchain, which should become an important stage in the development of lending, here there’s no lending yet. No one has yet thought of anything worthwhile because they are all working in different legal spaces.

What’s the danger of that?

There’s one very important thing about today’s peer-to-peer market: that’s the risk of a one-hundred percent loss of the lender’s capital. Imagine that a very reliable, the proven person has borrowed money from you, and the next day his son gets into an accident, or he loses a bundle at the casino… From a good borrower with a solid reputation, he turns into a person who can’t pay his debts. Of course, you could make attempts to recover your money, but exchanges don’t usually get involved in this, and this task falls to the creditor itself.

In other words, it works out that the borrower bears no responsibility at all? 

Exactly. Of course, somewhere it will be written down and recorded that he’s a bad guy, but he bears no actual responsibility at all. For example, if he’s from Indonesia, go ahead and try to prove to them there that you lent him some coins or bitcoin. This is why the main challenge that we encountered was to take the risk away from the lender.

Have you come up with a way to do so?

Yes, and it’s blockchain-based loans. This solution has huge potential for the so-called “unbanked” audience – people who for various reasons don’t use banking services but do want the ability to take out loans. We need to bring them into a kind of decentralized space, and learn to make the right assessment of these people. On the other hand, people need cryptocurrency right now in order to make transactions. Blockchain-based loans allow all of this to be done in a decentralized way and make it possible to serve the entire audience worldwide at once.

And how do you see the future for your credit token?

When we had just come up with the model of the credit token, we simply couldn’t believe that everything could be so beautiful. We carried out an extended analysis and we understood that the project we’d come up with was very similar to the appearance of the dollar, to the model of its first distribution. Do you remember, when the world changed over from the Genoese currency system to the modern financial system? The working logic of our credit token is such that it does not involve trading on exchanges; it exists to realize the goal of lending, and possibly in the future we will give other banks the opportunity to use this technology as well. At the heart of this token there are three participants: the bank, the borrower, and a party that you could call the passive lender (we call them credit token holders). There will be a fairly large number of both borrowers and token holders.

Let’s try to explain this using a specific example.

You need a loan, so you come to us. We find out everything about you as a client, we integrate with the credit bureau, we look at how you have taken out loans and how you’ve repaid them, we analyze the information, and understand how many credit tokens we can issue to you. For example, a thousand tokens. At the same time we see that on the exchanges where the credit token holder is at, the exchange rate is 1 dollar per token, for example. Relying on this, we issue you 1,000 credit tokens. Now what can you do with them?

Well, for example, sell them and exchange them.

Absolutely right. There’s only one reason you have them: you need to turn them into money. Because you came looking for money, and all we gave you is tokens, but we explained that you can sell them to a specific lender on the exchange and receive 1,000 dollars, and if you don’t want to or can’t sell them there at an exchange rate that suits you, you can return them to us within a week at no interest.

And if we’re talking about longer than a week? What does the process of repaying the loan look like? 

On the exchange, everyone sells tokens at various rates. You come in, choose the rate that suits you best, buy some tokens and return them to us.

What role do credit token holders play in all this? 

At the time when the tokens are bought from the so-called passive lender, he or she confirms the borrower’s liabilities to the cryptobank and de facto becomes the owner of these liabilities. However, it’s all the same to them who the borrower purchases credit tokens from when they come to repay the loan…

Let’s look at this aspect in more detail. What’s the benefit? 

It’s very simple. The lenders don’t risk losing the money that they gave to the borrower, since even if the borrower doesn’t come back to them, there are another 500 people who will show up with their liabilities to return loans. They come to the exchange in order to buy up tokens in just the same way and give them to the bank. People come to the token holders because they are the only ones who give them the ability to settle with the bank. Without a token, nothing works; take it away, and the system grinds to a halt. It maintains the system, is the exchange unit in this infrastructure, forms the value and the scope of liabilities, protects creditors, stores information on each borrower, etc. When we arrived at this, we understood that the dollar itself once arose using approximately the same model. In fact, it was lent out to a large number of people, and a deficit was created, when the amount of the issue was less than the financial obligations taken on by people. We’ll become the dollar when we allow other banks to issue tokens under our own rules, and also to use our single centralized exchange at our rates.

But what should a token holder do if their value falls? How can it compensate for the difference?

Token holders do not risk losing their capital. We balance the value of tokens: if we see that it is growing less than 50% per year on average, then when the borrower takes credit tokens, we set a lending rate. That is, for example, the person takes 1,000 tokens but has to repay 1,010. If we introduce a lending rate, this means that the number of financial liabilities taken out is greater than the emission. Roughly speaking, we are owed a million dollars, but we’ve only issued loans for 700,000 – this also balances out the value and demand on these lenders.

Tell us, how do you identify and review your clients?

When someone comes to us, they fill out a special form, we learn their main details, passport and so on, then we identify the client and create a credit rating based on a points system. If the person gets a high number of points, then depending on this we decide what loan to approve for them. When we issue tokens, we put lenders at risk, and our job is to protect them, because if we issue bad liabilities, then the income that lenders get on their tokens falls.

Who do you ask about a borrower’s credit history?

There are something like 20 international credit bureau services, and we have already begun communications with some of them. They give out ratings. We also plan to work with the guys at MicroMoney, and they promise to provide the ability to create a credit rating even for those people who don’t have any appreciable capital.

What credit limits will you have at the first stage of operations, and what are your goals going to be for say the first five years?

The first goal is to create statistics. That is, people should get a reputation. There’s not much of it yet in this format. Of course we will have limits, both for specific countries and limits based on the results of client identification. If you’re talking about figures, then we probably won’t be securing loans for large amounts like 50,000–100,000 dollars. It would be quick lending, up to 5,000–7,000 dollars. At the start it’ll only be 1,000–1,500 dollars, so that people can borrow and confirm their reputation.

Which countries will be affected by lending limits? And could there be a situation where people in one country have access to your bank, and say in the next country over they don’t? 

Tokens will be available in all countries where we have the ability to identify the client. Ideally, we’d like to have agreements with local credit bureaus, which cover a fairly broad audience. In addition, we also study social networks, perform a behavioral analysis on the client, and on this basis we create a trust index for them. As for countries with a limit on making loans, we’re talking about those states where there are capital restrictions. Indonesia, for example.

What kind of terms are you planning to lend for? 

Loans will be fairly short-term, up to three months at the beginning.

Will the credit token holder determine the rate? 

Yes, but we regulate the maximum cost of a token on the exchange. We give people the opportunity to earn income, and we protect their interests through regulation, so they don’t lose money.

Let’s talk a bit about lenders’ security. How are you going to carry out collection work?

Today banks have this common practice, which works in the regions: it’s collection call-centers. Our business can be regulated, and its main goal is to ensure income for lenders. Of course, we will work on the issue of default, but it’s not as scary for us as it is for a bank, because banks that are engaged in attracting funds are also tasked with securing them. In our case, due to the fact that growth of the token may reach 50% per annum, we can allow ourselves a default rate on the order of 15%, and at the same time no one is subject to risk. Lenders will continue to earn, we will continue to issue loan liabilities in credit tokens, and borrowers will continue to receive money. The main thing is that no one will lose anything.

What would you estimate is the current size of the credit token market, and what do you forecast it will be over the next three to five years? 

Analysts forecast that in the next three years the audience of owners of cryptocurrency will increase to 500 million people – that’s quite a lot. Even 1% of this audience means 5 million potential customers for our services.

CME Group, the US-based financial market company operating the world’s largest options and futures exchange, has officially announced its plans to launch bitcoin futures by the end of 2017.

In a corporate statement, CME revealed that its bitcoin futures trading platform is currently being reviewed by US financial authorities and regulators. Upon the approval of the US government in the fourth quarter of 2017, CME will launch a bitcoin futures exchange for institutional and retail investors.

Terry Duffy, CME Group Chairman and Chief Executive Officer, stated:

“Given increasing client interest in the evolving cryptocurrency markets, we have decided to introduce a bitcoin futures contract. As the world’s largest regulated FX marketplace, CME Group is the natural home for this new vehicle that will provide investors with transparency, price discovery and risk transfer capabilities.”

It Has Become Difficult For Large Markets to Dismiss Bitcoin

Even for some of the largest financial conglomerates like CME Group, Goldman Sachs, and Fidelity, it has become increasingly difficult to dismiss bitcoin and the rapidly rising demand from their clients. Consequently, CME revealed its plans to address the growing demand for bitcoin by introducing an infrastructure for retail traders, Goldman Sachs disclosed the possibility of launching a cryptocurrency trading platform, and Fidelity have started to allow clients to invest in cryptocurrencies.

Earlier this week, during a presentation, highly regarded bitcoin and security expert Andreas Antonopoulos described the competition of bitcoin against the traditional financial industry in its early stages as a lemonade stand up against Walmart. But, the dismissive attitude of banks and financial industries have led to the emergence of a $180 billion market with nearly $4 billion in trading volume.

Within 9 years, the bitcoin market has matured to a point wherein financial service providers like CME and Fidelity can either isolate themselves from the market and allow the market to grow exponentially without their involvement, or participate in the market and help the industry grow at a faster rate. CME and Fidelity have chosen the path of assisting the cryptocurrency market and addressing the demand for bitcoin from clients, investors, and traders.

Can Bitcoin Evolve into a Trillion Dollar Market

Upon the launch of the CME bitcoin futures exchange, Crypto Facilities’ BRR system, which aggregates the trade flow of major bitcoin exchanges including Bitstamp, GDAX, itBit, and Kraken, will be used to evaluate the market valuation and price of bitcoin in real-time. Timo Schlaefer, the CEO of Crypto Facilities, said:

“We are excited to work with CME Group on this product and see the BRR used as the settlement mechanism of this important product. The BRR has proven to reliably and transparently reflect global bitcoin-dollar trading and has become the price reference of choice for financial institutions, trading firms and data providers worldwide.”

With LedgerX in place, the integration of bitcoin by CME will further trigger the interests and demand from institutional investors and retail traders, which will allow bitcoin to evolve into a trillion dollar market in the long-term.

SimplyVital Health, the company behind the blockchain-based healthcare protocol Health Nexus, has announced a delay to its token offering to give further time for AML and KYC analysis. SimplyVital Health is dedicated to creating the best possible foundation for its Health Cash [HLTH] token that is critical to building out a new healthcare ecosystem and amid a climate of heightened interest in cryptocurrency offerings, SimplyVital Health is adhering to current best practices as closely as possible.

“While the AML/KYC process during the pre-sale is a significant bottleneck, we are happy to comply with this requirement as it not only helps us review our earliest supporters, but even in some cases, we have the opportunity to connect personally with them.” Kat Kuzmeskas, MPH CEO, SimplyVital Health

SimplyVital Health is responsible for one of the first working blockchain applications in healthcare called ConnectingCare, a solution for securing patient care data in accordance with the Health Insurance Portability and Accountancy Act (HIPAA). ConnectingCare integrates blockchain technology to allow users to securely access medical data, reducing friction in the system and improving outcomes.

 Now, SimplyVital Health plans to scale out their operations with the introduction of the Health Nexus protocol, a healthcare-specific blockchain protocol fuelled by HLTH. The unique design of Health Nexus allows users to securely share medical data across multiple care providers whilst still ensuring data storage meets stringent HIPAA compliance guidelines.

The Health Nexus protocol can bring huge benefits for the industry by connecting healthcare facilities with insurance agencies, pharmaceutical companies, and research institutions to significantly augment existing care pathways. In real terms this is accomplished via an executive governance system that carefully ensures node validation only takes place by compliant entities, forming an entirely new protocol for data integrity and security within healthcare. According to Accenture miscommunication and waste in existing healthcare systems contributes to a loss of $12bn per year. SimplyVital Health’s CEO Kat Kuzmeskas has seen this first hand from her work in the industry in several roles including strategic planner for Yale New Haven Health. Her experience within healthcare and vision to improve on the status quo earned her a place in Fortune magazine this year as ’34 Leaders Who Are Changing Healthcare’. The team includes blockchain experts and business leaders putting SimplyVital Health in a strong position to expand.

The HLTH token pre-sale period will now continue until 20th November with the main token offering launching on the 22nd of November at 17:00 UTC. The extension allows further opportunity for pre-sale contributors to receive 40% bonus tokens for contributions of 35 ETH or more. For more information visit

Join the SimplyVital Health Telegram group to discuss more about the project


Traditional investment models, as well as capital funding and project support, have had many disruptive models change the way people invest, as well as how projects are funded. Now, it is the ancient practice of farming that is getting an upgrade in terms of its funding.

From crowd funding to venture capitalism, the age old bank loan is no longer the be all and end all when it comes to funding a project. ICOs have emerged as powerful tools for helping start ups and other small businesses take their ideas and projects to the next level.

However, Khokholskaya Agricultural Company is not about to be excluded from the possibilities of a successful ICO, they are releasing MilkCoin in order to fund a dairy farm Voronezh region of Russia.

Cutting out the middleman

Because banks have such difficult and stringent rules when it comes to getting loans, including ones for businesses, many businesses have looked elsewhere. Khokholskaya Agricultural Company is one of these such businesses as they have found that procuring a loan with just land as collateral is impossible.

The demand for food production in Russia is extremely high and is inline with an ideology of a national priority project for agricultural production. To this end, companies that seek to help the food production are often backed by Russian government.

MilkCoin thus is looking to be the company that creates a viable, functioning dairy farm that is open to investors to get off the ground. Rather than relying on banks for funds, MilkCoin is going down the route of decentralized direct investment.

By offering a direct and decentralized opportunity to invest, MilkCoin is allowing investors much more control and insight. In return of course, MilkCoin believes that they will receive the funds to get the farm off the ground.

Building the farm

Khokholskaya Agricultural Company have a pretty substantial edge when it comes to other companies that are launching ICOs. They’ve been in operation since 2009 and already have invested over $10 mln into the project over the past few years.

They also already own the land 3,500 hectares of it – and are looking to add machinery, reconstruct the feed elevators, as well as build the animal feed mills, and then bring in the dairy cows, in four stages.

As a lucrative business, that Investors have open and transparent interest in, MilkCoin see an ideal working relationships in a sectors that is well established, and paired up with revolutionary technology.

The early indications from MilkCoin are that the annual dividends can reach 70 percent as well as quarterly three percent pay outs. MilkCoin are also predicting the token buyback might reach up to $1.20

On top of their reputation as an established business, MilkCoin have also secured their initiators for their ICO out of Liechtenstein, which they hold will add legitimacy to investors’ input, as well as make it reliable and secure.

The second half of October has seen ICO funding slow down dramatically as several seemingly promising ICOs struggle to gain any traction despite a strong following and community.  Alttradex, a new player looking to take on the cryptocurrency exchange space, is one of them.

The innovative platform who’s features are more akin to the traditional FX trading platforms has a heavy focus on transparency and customer support. Composed mainly of investment managers, technology consultants and developers, aims to change the game in terms of customer service and has a long term vision of becoming a household name in the next 5 years as cryptocurrency goes mainstream. With the ability to process 1M+ transactions per second and the ability provide liquidity from a number of other platforms when in-house liquidity is low, the Alttradex platform will enable traders to trade their coins 24/7, from anywhere in the world, without seeing big drops in liquidity in the coins they want to trade.

The cryptocurrency space has evolved at a tremendous pace in 2017 and it is set to keep on growing even faster in 2018. The team at Alttradex is well aware of this and recognises the need for non-stop development and improvement. Security is key, so Alttradex is investing heavily in that side of the platform and this will be an ongoing investment for Alttradex.

The Alttradex ICO kicked off on 25 October and will run through to 5 December, meaning there is still a long time for funding to pick up. Early ICO participants will benefit from a 20% bonus until the first $1M dollars of ATXT tokens are sold. The Alttradex ICO is structured as a revenue sharing model and contributors will receive Alttradex tokens in return for their Ethereum contributions. The token is based on the ERC20 protocol.

With exchanges at the forefront of the growth in the cryptocurrency world dropping left right and centre, it is essential that new professional platforms emerge in order for the cryptocurrency market to grow exponentially.

There is a real chance for competent platforms to become household names over the next 5 to 10 years, Alttradex aims to be one of them.

You can find out more on the Alttradex website: