Polymath Aims to Legalize ICOs by Helping Companies Issue Securities Tokens

Initial coin offerings have become a big liability in the world of finance. That’s not only because a fair few of them are outright scams, but also because most of the tokens are securities. As a result, we will see a growing list of projects which violate securities law, especially in the US. This is where Polymath comes into the picture, as this platform helps companies issue securities tokens.

POLYMATH AND SECURITIES TOKENS

It is evident a lot of companies taking the ICO route offer something they officially can’t without regulatory approval. So far, there have been virtually no ICOs whose tokens aren’t designed to derive value over time from speculation and product development. As a result, every single one of these projects is in violation of existing securities laws, something that is often frowned upon by regulators. This has become pretty apparent in the United States as of late, with the SEC cracking down on multiple projects in recent weeks.

Changing this situation will not be easy. Most ICO projects now try to avoid catering to US-based investors, rather than take the necessary legal steps to avoid any repercussions in the future. However, there is a third option, which comes in the form of hosting a securities token sale on a regulated platform. Polymath aims to provide exactly that service, although it remains to be seen how successful it will be at it.

More specifically, this new platform serves as a securities token issuance solution. So far, it has partnerships with three companies looking to combine the ICO concept with securities tokens. It is good to see some companies openly acknowledging they are indeed issuing securities tokens and not something else. Other ICO teams could learn a thing or two in this regard, as it doesn’t matter what you call your token if it is still a security on paper.

Surprisingly, one of the partners of Polymath is Ethereum Capital. Although the latter project has not made any major media headlines yet, it is a real estate investment trust focused on commercial and residential housing in Latin America. The team wants to introduce an asset-backed crypto token for that purpose. Whether or not this project will have any degree of success remains to be seen. When even Ethereum Capital doesn’t issue its token on the Ethereum blockchain, it becomes evident Polymath may be onto something with its product.

With this new platform available to the masses, it becomes easier to issue securities tokens. Moreover, said tokens can represent shares in traditional financial assets and investment vehicles. The concept of digital tokens has a lot of merit, as they are easier to use and trade, and a fair bit cheaper too. Whether or not other companies will take note of Polymath’s initiative moving forward remains to be determined.

No one can deny initial coin offerings have had a good run in 2017. At the same time, the regulatory uncertainties and potential repercussions should not be overlooked either. Partnering with a company that knows how to issue tokens – even if they are securities – is an option more companies will need to explore. For now, it seems most groups will keep issuing tokens on the Ethereum blockchain and not worry about legal matters too much. It’s a daring approach, but one that might come back to bite them in the rear eventually.

Website: https://polymath.network/
Whitepaper: https://drive.google.com/file/d/0B2pD5w-G5-sJVGc5YjdmZ0hsYVE/view
Telegram Group: https://t.me/polymathnetwork
Info Deck: https://docs.google.com/presentation/d/1riV0ARjpGbYdaP2RetaXQkeiy4PaDDt0mN87zImLGCQ/edit#slide=id.g2a9a3733a2_167_325

 

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From left to right: the Head of the G-Global Business Portal Denis Tsyro, the Deputy Chairman of the Eurasian Economic Club of Scientists Hanon Barabaner, Secretary-General of the Centre Party, Member of Parliament Mikhail Korb, ChronoBank Chief Executive Officer Sergei Sergienko

In the Parliament of Estonia, Mikhail Korb, a Member of Parliament and the Secretary-General of the Centre Party of Estonia held the meeting with Sergei Sergienko, the owner of the Australian project ChronoBank, Denis Tsyro, the Head of the international organization G-Global Business Portal and Hanon Barabaner, the Deputy Chairman of the Eurasian Economic Club of Scientists.

The meeting led to the signing of a cooperation agreement between the G-Global Business Portal and ChronoBank. Parties agreed on the development of joint activities in the direction of human resources management during the digitalization of the real sector of the Estonian economy.

Consulting marketplace G-Global Business Portal is an auxiliary tool for digitalizing enterprises in Estonia. Digitalization implies the transition of the economy to new formats using cryptocurrency.

ChronoBank is ready to provide an alternative to traditional financial systems – a new generation of time-based currency utilizing the latest developments in blockchain technology.

TIME token is linked to average hourly wages, is inflation-proof and have next to zero volatility. It is possible now to tokenize labor – the most tradeable resource in the real economy. Blockchain technology is the key to discovering new employment opportunities.

The use of the TIME token at enterprises will ensure a stable evaluation of the productivity of a person during working hours. The ChronoBank system can measure the real efficiency of the employee and inform the employer about the usefulness of the employee for an enterprise.

Denis Tsyro, the Head of the G-Global Business Portal platform, will integrate ChronoBank’s systems into the consulting marketplace.

The meeting was attended by Boris Berkovs, the Board Member of the TokenEst, who also expressed a desire to take part in the tokenization of enterprises of the real sector of the economy and offered his platform for ICO placement in Estonia.

After implementation of the G-Global Business Portal in Estonia, it will be scaled to other countries.

G-Global Business Portal has an agreement on the promotion of the consulting marketplace in Kazakhstan.

In these past few years, there has been a tremendous growth in interest in blockchain technology and cryptocurrencies in general. It showed businesses a new capital investment model – Initial Coin Offerings. ICOs are the new way of startup financing due to the inclusivity and global outreach offered. The technology offers a number of unique benefits, and the token sale is quickly becoming a valuable way to raise startup funds. With the ever-growing number of startups and up-to-date technologies, there really isn’t going to be another such exciting time to be a cryptocurrency investor.

Perhaps the most advanced beneficiary of the blockchain protocol is the gaming industry. In this year alone, the sector has witnessed an increase in development and adoption of blockchain powered gaming platforms as the annual revenues exceed $116 billion. Further contributing to the revolution is the growth in spending on video games by the millennial generation as gaming consoles replace PCs as the preferred gaming platform. A recent analysis by GameIndustry.biz shows that players are playing on consoles as much as they are on PCs. Now, with the implementation of blockchain solutions, PC gaming could once again witness exponential growth.

Game Machine is one particular startup in the gaming industry to have embraced blockchain technology. The platform plays a unique role in the gaming industry by creating a loyal gaming audience while bringing together all the stakeholders including game developers, gamers, advertisers, game studios and more. The platform is powered by GMIT tokens and uses a combination of Limited Proof of Work, Proof of Authority and Proof of Stake principles to ensure transparency while maintaining credibility of the ecosystem. The main features of Game Machine include Game Crowdfunding through Rise Machine, Game Machine Client for mining, Ads machine – Advertising Exchange and the Exchange Machine – a cryptocurrency exchange for gamers.

Through Game Machine, developers can raise necessary funds to create and launch their dream games, gamers can earn by playing and advertisers get sufficient exposure within and outside the gaming community.

Currently in the midst of an ongoing token sale, Game Machine is an ambitious project that is powered by a clear vision and fundamental ideas. Established in March 2017, the team of bright-minded individuals has since achieved more towards the firm’s ultimate goal. Game Machine’s CEO, Taras Dovgal explains in a news release;

“Game Machine is constantly developing and growing. Currently, the team consists of 15 members. It isn’t a big group, but we can easily say that we’re friends and are united by the same ideas. We also have additional help from talented marketers, designers, and traffic-managers”.

Game Machine has already produced a working product. The team has just released an Open Beta version of its client app, which consists of a miner and a store of items for popular games such as CS:GO and DOTA 2. The client app has attracted over 30,000 users in less than a month and a half as gamers only need to share their PC’s processing power and not hard-earned money.

As the product development continues, the platform aims to further expand its library of games and other digital items as more and more projects are included in the pool. In 2018, the Game Machine team looks forward to providing constant product updates while releasing the first version of the app for developers and investors. The platform has already raised close to $1 million through the ongoing token sale. And those planning to participate stand to receive a 5% bonus for a limited time. The GMIT crowdsale will continue until January 31, 2018. Once the token sale is over, GMIT will be listed on at least 3 major exchanges, ready for exchange and trading.

Token holders will also be able to sell their tokens to gamers and developers for a better price. They can also invest in the most promising projects on Game Machine by following complex data and quality predictions supplied by the platform.

In the near future, Game Machine will be implementing neural networks and artificial intelligence into the platform, which will play an important role in tackling instances of fraud.

More information about Game Machine and its ongoing token sale is available at – https://goo.gl/BFLAo6

So that’s another day done in our bitcoin price trading efforts and we’ve had another busy day in the cryptocurrency markets. Things have been pretty volatile and we’re looking to take advantage of any further examples of this volatility as things mature through to their conclusion this evening.

So, with this said, we’re going to jump straight into things and get our levels in place so as we don’t miss out on anything going forward.

As ever, take a quick look at the chart below to get an idea where things stand and where we are looking to jump in and out of the markets as and when things move. It’s a one-minute candlestick chart and it’s got our primary range overlaid in green.

As the chart shows, then, the range that we are relying on for the session this evening comes in as defined by support to the downside at 14800 and resistance to the upside at 14947.

We’re going to look at bringing just our standard breakout strategy to the table this evening (as opposed to employing our intrarange strategy, as was the case earlier this morning when we set up our wider range in the bitcoin price), so the two trades we are looking at are outlined as follows:

First up, we’ll be looking at jumping into a long trade if we see a close above resistance. On this one, we’ll enter towards an immediate upside target of 15100. A stop loss on the trade at 14910 will define risk nicely and will ensure we are taken out of the position in the event that things turn against us.

Looking the other way, if we see price close below support, we’ll get in short towards an immediate downside target of 14700. A stop on this one at 14830 looks good.

Charts courtesy of Trading View

The US Securities and Exchange Commission (SEC) has issued its second warning in a month to those investing in cryptocurrencies. In a statement earlier today, the governmental body advised those involved in the space to “exercise caution” with Bitcoin and other digital currencies. SEC Chairman Jay Clayton, along with Commissioners Kara Stein and Michael Piwowar, said many companies hosting initial coin offerings were not doing so within compliance of federal and state securities regulations.

They went on to state that whilst legislators were attempting to keep pace with the rapidly evolving markets, policing them is difficult and thus investors must use their due diligence when deciding whether to get involved with crypto investments.

According to a report by Reuters, the Commissioners’ statement read:

 “The SEC and state securities regulators are pursuing violations, but we again caution you that, if you lose money, there is a substantial risk that our efforts will not result in a recovery of your investment.”

As mentioned, today’s warning is the second from the SEC in less than a month. On Monday 11 December, Jay Clayton advised caution to those wishing to partake in initial coin offerings. The SEC Chairman’s statement came just hours after the Commission were forced to intervene in an ICO being held by a restaurant review application. The issue arose due to the company not registering as a security:

“A number of concerns have been raised regarding the cryptocurrency and ICO markets, including that … there is substantially less investor protection than in our traditional securities markets, with correspondingly greater opportunities for fraud and manipulation… If an opportunity sounds too good to be true, or if you are pressured to act quickly, please exercise extreme caution and be aware of the risk that your investment may be lost.”

Despite the frequency with which the SEC are issuing warnings surrounding the cryptocurrency space, the Commission seems much more concerned with initial coin offerings than it does with Bitcoin and existing digital currencies for now. The cautionary words should go without saying to anyone hoping to invest in anything.

Acute Angle PC is coming out, please stay tuned.

Acute Angle PC had been launched on its official website at 12:00 on December 12th. This is a universal hardware host based on IPFS point-to-point hypermedia protocol storage and Acute Angle Chain management of digital assets and formulating reward system for the users through smart contract.

History of Acute Angle PC

Based on blockchain technology, Acute Angle PC acquires digital assets by sharing idle disk space and bandwidth through distributed cloud storage and cloud computing. This is what we commonly refer to as “mining” and the hardware that acquires digital assets is what we call “mining machine”.

Acute Angle PC

Gao Shengli, the developer of Acute Angle PC, is a computer enthusiast. He started to keep an eye on blockchain technology as early as 2014 and began to devote himself to personal computer development the following year: he started with iterating computer hardware performance and appearance constantly and never stopped research on the application of blockchain technology, and finally completed the world’s first Acute Angle PC based on the blockchain technology.

Acute Angle PC

Acute Angle PC, built with 128G SSD hard disk storage inside and interface with hard disk storage device outside, provides comprehensive and stable CDN services for the Internet business with the idle resources provided by users and a series of innovative and valuable massive business acceleration services for the download platform, UGC acceleration platform, streaming media platform and dynamic acceleration platform.

In the future, Acute Angle Cloud will offer more massive services to provide users on the cloud with CDN acceleration services that better meet the needs of the Internet business. Users can not only earn Acute Angle Coin by sharing the idle storage space and bandwidth through Acute Angle PC but also easily win community rewards and technological innovation bonuses by sharing contents.

Why Acute Angle PC?

 The significance of Acute Angle PC’s research and development lies in that it can bring users point-to-point information dissemination at lower costs and has made a great contribution in the direction of globalization. In addition, Acute Angle PC also has the necessary advantages of long lasting storage and great stability to go global. Let’s take a closer look at its advantages.acute angle pc

Storage advantages

It solves the waste of storage space through distributed storage technology and automatically reallocates data to improve utilization of storage space and connect all computing devices with the same file system.

Its principle lies in that the domain-based address is replaced with the content-based address, that is, the user is looking for the content stored in an address instead of the address itself, and there is no need to verify the identity of the sender, but only verifying the hash of the content. In this way, the web pages can become faster, more secure, more robust and more durable.

 Lower cost of use

The distributed IaaS platform is realized through technologies such as blockchain, cloud computing, and IPFS to subvert the operation mode of the traditional centralized computer room with high operation and maintenance costs and makes rational use of idle resources and returns benefits to users.

 Avoiding waste of resources

Acute Angle PC solves idleness of the personal computer hard drive, CPU, and other resources through virtual technology. It collects, allocates and fully recycles the user’s idle hard disk and CPU resources to apply Acute Angle PC and Acute Angle Cloud in the chain ecological system.

Comparison between Acute Angle PC and OneCloud, LLT Box

 The biggest difference between Acute Angle PC and OneCloud, LLT Box is the form of the equipment. The essence of Acute Angle PC is a computer based on blockchain technology with the Windows10 system, the latest Apollo N3450 14nm quad-core microprocessor of Intel, 8+64G internal memory, solid node storage with capacity of 128G or larger, which is safe and high-speed with node storage. Thus, it can not only be used for mining, but also for daily office working and entertainment. The other two are private Nas (Network Attached Storage), and if users use Nas’ memory, the unused space for digging up the mines is more limited. In addition, Acute Angle PC’s service system also surpasses the only cloud storage services of the other two devices, and constructs a better global distributed IaaS platform.

Acute Angle PC

At present, we have already released the White Paper and the product has drawn the attention of many investment institutions.

For more information, please go visit our official website: www.acuteangle.com and leave your email to be the first to know any updates regarding the product.

Amsterdam, January 4, 2018: Icecat, a listed company in The Netherlands and exploiting a unique and global open content catalog in the e-commerce market, is working on the creation and issuance of a so-called “2.0” cryptocoin, ICURY. The ICURY, Icecat CryptocURrencY, will be a cryptotoken that is accepted by Icecat, and will play a role in payments and content creation in Icecat’s existing ecosystem. It is a 2.0 coin in the sense that the token is issued by an existing and profitable business with substance, running operational services and a track record. Icecat is not just a startup with only a business idea.

ICURY is defined as a cryptotoken to decentralize Icecat’s existing global product content syndication network, which already facilitates 18 billion downloads per year by tens of thousands of e-commerce companies. Icecat wants to use the token as pre-pay for its services at a minimum value. Next, the token can be used to incentify decentralized content production and syndication. Currently, Icecat produces around one million product data-sheets per year. In a decentralized set-up, including token incentives, Icecat expects that the production can increase to tens of millions of product data-sheets annually. In its token ecosystem, independent Proof-Of-Quality checks are seen as critical, as users demand standardized and verified product content.

For the technical creation and issuance of the ICURY, Icecat is collaborating closely with the Tacxe/Ledgable blockchain team. As soon as the technical pilot is concluded, Icecat will announce its time schedule for the Initial Coin or Token Offering (ICO/ITO) of the ICURY.

About Icecat NV
Icecat NV, stock noted at Dutch NPEX, is a global publisher and syndicator of product information for the e-commerce market. Icecat NV, founded in 2009, works with  some 68,000 webshops and hundreds of brands such as Philips, Sony, Samsung, HP, P&G, Lego, and L’Oréal.

Icecat includes the subsidiaries Icecat LLC (Icecat Ukraine) and Icecat Content Sourcing OÜ (Icecat Estonia), Iceshop BV, and participation Hatch B.V. The cost centers Icecat Ukraine and Icecat Estonia are responsible for hiring editor and software developer capacity. Hatch BV delivers smart “Buy Now” buttons that help manufacturers to turn their websites into measurable lead generators for their online retailers. Iceshop is specialist in e-commerce-integrations and Product Information Management (PIM) solutions.

More information:

Contact
Name: Martijn Hoogeveen
Email: [email protected]
Mobile: +31654256476
https://twitter.com/mjhoogeveen

DASH/USD

DASH continues to be a bit volatile, but we are underneath the downtrend line that makes the top of the downtrend in channel. If we can break above the $1200 level, the market could continue to go higher, perhaps reaching towards the $1400 level. If we break down below the $1000 level, then I think we go down to the $850 level.

 

LTC/USD

Litecoin fell a bit during the trading session on Thursday, but I think there is plenty support below at the $200 level to keep this market afloat. We may drift down towards that area, but right now I think the volume simply isn’t there, meaning that we are going to go back and forth.

Thanks for watching, I’ll be back tomorrow.

ETH/USD

Ethereum continues to grind higher, as it looks likely to reach towards the $1000 level over the next several days. Because of this, I believe that the markets will continue to find buyers on dips, as the large, round, psychologically significant number is far too tempting of a target. I believe that it is not until we break down below the $800 level that you should worry about the uptrend.

 

ETH/BTC

Ethereum rallied against Bitcoin as well, and it looks as if the markets are starting to favor Ethereum overall. The market looks likely to go looking towards the 0.07 handle above, and I think dips continue to be supported at the 0.06 level below.

Thanks for watching, I’ll see you tomorrow.

BTC/USD

Bitcoin drifted a bit lower during the trading session on Thursday, as traders continue to bounce around the head of the nonfarm payroll number coming out of the United States. This will have a drastic effect on the US dollar, and by extension Bitcoin. It looks currently as if we are consolidating still, with the $13,000 level being the “floor”, and the $16,000 level being the ceiling. Because of this, back and forth range bound trading strategies seem to be the best way to deal with Bitcoin currently.

 

BTC/JPY

Bitcoin fell a little bit against the Japanese yen after initially rallying, but in the Japanese market, it looks as if Bitcoin is trying to make a move to the top of the consolidation range at ¥1.9 million. If we can break above there, we will challenge the ¥2 million level, and a move above there becomes more of a “buy-and-hold” scenario. Until then, buying the dips continues to be the best way to trade.

Thanks for watching, I’ll be back tomorrow.