With just 6 hours left it looks like Ben Swann's proposal will not be passing. While I was an ardent supporter of the proposal at the beginning and advocated for its adoption, I've been swayed by those who've suggested that Dash hasn't gotten enough return on its investment. How did they determine this? By looking at the comments of Ben's Youtube videos. They noticed something, a pattern if you will. Most people were negative towards Cryptos in general and Dash specifically--for sponsoring Ben. Old timers claimed that, unlike with Amanda, Ben's videos did not drive many new users to the discord/slack channels. This is curious. Unless you understand what is happening. So why is this a bullish move for Dash?
Consider, for a moment whatsapp. If you're from the U.S. you can be forgiven for not knowing what this even is because most people in the U.S. don't and don't use it. In fact, you would also be forgiven for not knowing that whatsapp has more than 1 billion users worldwide. So why is this relevant? Well, if 1 billion people use whatsapp then 300 million of the US use? SMS. Not only casually, almost exclusively. Sure they use facebook messenger, but that's only because they have facebook. If they have an iphone they use the special Apple messenger. But if you ask them why they don't use whatsapp they can't tell you why, but they will become almost annoyed at you when you tell them why they should.
Whatsapp is far superior to SMS especially in western countries (where it is legal to spy on your messages and steal them off your phone electronically etc.), group chat, video chat, attachments, video calls, voice calls, unlimited data/calling (if you use over wifi), not to mention end-to-end encryption. It is an overall better experience, yet 90% of U.S. citizens will dismiss it as unecessary out of hand, even though its free. Ok so what does this have to do with anything?
The reason Ben Swann's audience rejected Dash/crypto is the same reason U.S. citizens reject whatsapp and they're just as stubbornly irrational about it as they are too. See, when you got something that just works its really hard to get on and try something new, unless you have a big incentive to do so. And that is why rejecting Ben Swann's proposal is a bullish move, because Ben Swann's audience is the wrong audience.
Whatsapp didn't grow to 1 billion users by catering and kow-towing to U.S. subscribers who irrationally stuck to carrier data plans etc. designed to screw them over, whatsapp appealed to the masses of '3rd worlders' who can't afford the exorbitant text and calling rates charged by the thieving phone industry overseas. The fact that the Dash MNOs have become savvy enough to realize this and gauge the impact or lack thereof of the proposal is a strong signal that they are maturing as an organization and learning to focus on the groups that will return the greatest reward.
That's why we should double down on places like Venezuela, Ghana, Nigeria, India, Africa and retreat from the West, Europe, and the U.S. as much as feasible. I.e. don't throw them under the bus, if something comes up grab it, if conferences come up grab them, but if say there's a choice between a project in Venezuela and say Ben Swann, choose Venezuela everytime! Because that's where are 1 Billion users are. Because you can spend 1 million dollars (!!) on a Ben Swann in 6 months and get 0 increased views, or you can spend 20k in Venezuela and create thousands of new users.
That's where our 100k tx/day are. Trust me, you can waste your time trying to evangelize over in btc, bitcoin and cryptocurrency and you can try to reach the comfortable tv-addled masses, but you will be trying to get blood from a recalcitrant stone! The truth is bitcoin, btc, monero, litecoin and everyone involved KNOWS already that we are the correct and best coin. They know of our innovation and they watch and pray that the day that our price skyrockets never comes (again).
The only hope they have is that they can forcefully ignore and slander us while they use our innovations or come up with complementary ones to release to the market in the meantime. There will never be a time when they come and say, 'Wow you guys really got it right.' and they admit that we are the right coin and they throw in the towel and jump ship like MOST of the old-timers (like me) did from BTC, UNLESS we come to them with that 1 BILLION users and 1m per day tx volume. Then they will have no choice but to acknowledge that our innovations, hodlers, Core team and open source contributors made Dash into the best coin in the space.
Earlier, u/goto1415 stated that the masternodes need someone to tell them what they should be voting towards, because its not obvious what the network needs to grow and we're getting a lot of chaff in the proposals that are not really giving us the maximum return. This is the solution to that problem. Throw your money (wisely) at Venezuela, Uruguay, Ecuador, Ghana, Nigeria, India, etc. that way you get those 1 billion users, and then you win. Your MN Duff will go MUCH farther in places where $1000 is a lot of money. Can you imagine how many people hungry for financial freedom would jump at the chance to use Dash as a way to escape their crazy government's manipulation?! $1k won't even buy you a moment of Ben Swann's time, no offense. Its obvious where we should be focusing our money. If a proposal fails down there, chances are high that the Dash is going into more hands (lower cost=more proposals=more teams=better distribution).
EDIT:
After reading more comments by members arguing against the Venezuela 'Dash Nation' proposal, can you not agree that our enemies have also seen our path to victory and are desperately trying to derail it? Someone argued that we were 'spending too much money' in Venezuela and accused to creator of that proposal of improprieties when they were nothing but respectful and open! I warned you that our competition had bought up masternodes before, and that they would use them at a critical moment. This is that critical moment! You know where our bread and butter is, it is in the open-minded, honest, fair peoples of the third world, who only want to escape the financial mismanagement of their governments!
Being close-fisted with them is not going to cut the mustard! Listening to trolls and agents who bought their masternodes up early, created a rapport with the community, only to sabotage us at a crucial moment is not going to get us ahead. We have to be able to use only logic, reason and facts to debate, not personal attacks. Our trolls use personal attacks because that's the only way to break up successful cooperation and partnerships. You should expect more attacks like this on other projects around the world in our wheelhouse. STOP BEING NAIVE! We have enemies who will give no quarter.
Edit 2:
Debating with another user below opened my eyes to this even further, I left out the greatest, most stupendous reason why we should be focusing almost exclusively on the third world: they don't have the same draconian banking empires in complete control of their legislature like we do. Do not get me wrong, they control their countries govt and currencies (mostly through predatory agencies like the IMF and 'World' Bank), but the banks in the US are quite special compared to the rest of the world. They are the govt.
They write the laws for their benefit, etc. In places like Ghana there are not many banks, and people are already used to paying things by phone, and 'being their own bank' in a sense through things like M-Pesa and other grass roots payment networks. So we can basically do what the solar industry is about to do in the 3rd world: completely leapfrog the legacy banking industry like renewables will leapfrog traditional macro-grids and coal power for a more on-demand, local, clean power source. Unlike the west, they will skip the hundred years of coal-fueled infrastructure. Let's do the same thing with money using Dash!

Hello! My name is Daria Volkova and I am the Head of Platinum Legal Department. Our team believes that these are exciting times for the crypto market. We supported more than 100 clients, created and promoted their STO and ICO campaigns, got from an idea to funding in a matter of 2.5 months! See the full list of our services: Platinum.fund We are more than proud to present our education project. The UBAI can help you to learn specifics about cryptocurrencies and blockchain technologies. Learn all about ICO avenues and opportunities, plug into the world of trading cryptocurrency markets, become an expert in scam projects, promoting ICOs and STOs, launching your own campaigns and many more! What are the different cryptocurrency regulations in major countries? Find the answer after reading this article.
Cryptocurrency Regulations across Major Countries
Cryptocurrency and the blockchain industry may seem sufficiently exciting and attractive to you now. After all, you are taking the time and effort to study this course. You may be planning to work in cryptocurrency and the blockchain industry. Of course, we want to encourage you and help you proceed toward your goal. But it is also important you understand the regulations guiding the blockchain industry to help keep yourself out of trouble.
This year, in particular, seems to be the year in which a lot of countries are looking to finally coalesce the regulations relating to the blockchain industry into a workable legal framework. Some countries are more accommodating to cryptocurrency and blockchain technological innovations while others are still more cautious. We will examine how each major country is forming their own regulatory framework for the blockchain industry.
Canada
Cryptocurrencies are not considered legal tender in Canada. This was clearly expressed by the country’s Financial Consumer Agency (FCA). Canada, like the US, has yet to clearly define or legislate a framework surrounding cryptocurrencies. But Canada still appears to be among the most transparent of countries for the nation’s interpretation and enforcement of the law surrounding cryptocurrencies (aside from Switzerland). For the time being, Canada has clearly stated its reluctance to adopt cryptocurrency as a legal tender, due to its high volatility. “ “The United States of America (USA)
There are certain laws regarding transactions in virtual currency in the US today but there is still no comprehensive legal framework. The Commodity Futures Trading Commission currently regulates virtual currencies as commodities. The CFTC is the first US regulator to allow for public cryptocurrency trading. The Securities and Exchange Commission requires registration of any virtual currency traded in the US if it is classified as a security (e.g. by the Howey test).
The regulatory authorities have not yet formulated or offered a coherent framework for regulations regarding cryptocurrencies. Typical of most legislators and regulatory agencies in the US, the Securities and Exchange Commission (SEC) has intensified its focus on the pressing need for comprehensive regulation. And it seems everyone is waiting for the right catalyst to coalesce into a usable set of legal guidelines that can protect the investing public and also allow for blockchain and cryptocurrency innovation as well.
If cryptocurrency becomes a form of legal tender in the US, there will likely be stringent laws on its use. However, if cryptocurrency is treated like a security, cryptocurrencies would be regulated under securities law as interpreted by the SEC. Present securities laws place a large number of limitations on who is able to buy securities, how they are traded, and how to ensure transparency in the flow of information relevant to investors. Also note that non-US investors may experience their own difficulties getting a license to trade cryptocurrencies in the country. “ “Japan
Japan has always been one of the most positive and forward-thinking nations regarding cryptocurrencies and the blockchain. Of course, they were cautious at first, and they knew no more than anyone else in government, which means they literally knew nothing. But they took time to research, learn, and develop an approach to regulate the industry without killing it. The official policy is clear: Protect the public interest, but also encourage the growth of the industry with a legal framework that allows for innovation in blockchain and cryptocurrencies.
China
The situation in China is a sad one. The country has been taking increasingly strict actions to discourage and outlaw any activity related to the blockchain industry. China has banned ICOs, frozen all accounts associated with cryptocurrency, stopped bitcoin miners and even ordered a nationwide ban on all forms of cryptocurrency trading.
China has the strictest laws against cryptocurrency. Yet, despite that fact, as of 2017, 50% of the world’s mining population was from China! If you are involved with the cryptocurrency industry it is strongly advised to stay away from China, and avoid transactions with Chinese business because of the unpredictable and negative legal framework.
“ “The United Kingdom & European Union
Brexit is scheduled to take place in March 2019, yet the UK and the EU still remain united in their regulatory attitude toward cryptocurrencies. There are also reports that the UK and EU are planning to end anonymity for cryptocurrency traders.
The UK and EU are both trying to control all the scams and frauds. They are working with cryptocurrency platforms to stop or at least report all suspicious transactions. This adds a degree of regulatory burden on the exchanges as well as increasing the associated compliance costs. Cryptocurrencies are extremely volatile. They are a high-risk investment. Governments across Europe are greatly concerned about the possibility of both retail and sophisticated investors losing a lot of money.
This has led to a situation similar to that in the US. The regulatory authorities have not yet formulated or offered a coherent framework for regulations regarding cryptocurrencies. There is an intense focus on the pressing need for comprehensive regulation. And everyone is waiting for the right catalyst to coalesce into a usable set of legal guidelines that can protect the investing public and allow for blockchain and cryptocurrency innovation as well. We certainly hope for intelligent and effective legislation from all the major countries. “ “Accommodating & Unaccommodating Countries
Below is a list of countries we have not specifically covered, but they have each taken an active position on a regulatory framework for cryptocurrencies. The following countries are either supportive or at least neutral toward cryptocurrencies:
-Switzerland. -Australia. -Nigeria. -Ghana. -South Africa. -Singapore.
Countries with the most stringent and negative cryptocurrency regulation:
-Venezuela. -South Korea. -India. -Russia.
Did you know?
It is not uncommon to see Bitcoin and other cryptocurrency ATMs throughout Japan.
Exchange robberies and hacks like MtGox, and the recent loss of $530 million NEM coins have led to serious debate in the Japanese government. The industry needs to provide a secure and manageable solution to these problems. Voluntary self-regulation and close cooperation with regulatory authorities is the most favored solution. It seems the regulators are working hard behind the scenes right now leading the industry in the desired direction in typical Japanese fashion. “ “Blockchain Industry Regulations in the USA
Based on the information received from the Columbia Science and Technology Law Review, there was a variety of responses from different government bodies about blockchain regulations. The regulators responses ranged from indifference to suspicion, and to positive expectation and excitement.
The US government has tremendous constitutional power to regulate business and industry, including of course the blockchain industry if it so desires. But basically, the federal government has been relatively indifferent and has even refused to speak on blockchain regulations despite the interest of various federal agencies. As of 2017, eight states in the US were working on bills promoting the use of cryptocurrency and blockchain technologies. It is even reported that a few states have actually begun the final steps before voting and passing legislation into law.
On April 3, 2018 Arizona introduced a law allowing corporations to hold and share data on the blockchain. The governor, Doug Ducey, put forward the legislation after the state began accepting signatures and smart contracts recorded on the blockchain as legally valid documentation. In 2017, Delaware was the first state to pass legislation allowing for shares of stocks to be legally traded on the blockchain.
Other notable developments have occurred in the US at the state or local level. Vermont makes use of blockchain as evidence in trials. Chicago uses blockchain to maintain real estate records. New York is currently evaluating four bills for the application of data storage on the blockchain. “ ” Blockchain Regulations in Europe
The entire European Union has approached blockchain with a positive and welcoming attitude. The EU has taken the position that they want to actively encourage innovation. This philosophy could support the development of cryptocurrencies in two ways:
-Encouraging the exploration of uses testing the impact and effect of the laws in a way that allows for a more finely-tuned and sophisticated understanding for all parties involved.
-Giving entrepreneurs the confidence that their target markets will be more trusting of their solution since they are operating with the explicit legal support of the state.
This approach, along with the EU’s scope as the regulator of 28 different countries, will encourage growth across the entire crypto ecosystem, and may end up transforming Europe into one of the most desirable destinations for blockchain development. Entrepreneurs are likely to move to the EU bloc to access the rich vein of available talent, as well as the positive and supportive laws.
The EU has actually disclosed through its executive arm that it is working on the use of blockchain for distributed ledger based projects. EU officials have constantly stated they are looking for ways to support more innovation with distributed ledger technology. The European Commission said it was “”actively monitoring Blockchain and DLT developments”” and has work in progress to explore “”DLT benefits and challenges as well as fields for application in financial services””.
The official press release stated that the commission clearly wants to “”pilot projects to foster decentralized innovation ecosystems and help reshape interactions between consumers, producers, creators and among citizens, businesses and administrations to the end benefit of society””. “ “Blockchain Regulations in Europe §2
Switzerland has gradually become the favored hub for cryptocurrency and blockchain development in Europe. This position has been enhanced through a Swiss non-profit blockchain and cryptographic technology ecosystem known as the Crypto Valley Association.
The Crypto Valley Association has begun working on the development of an ICO Code of Conduct to take advantage of the ban imposed by China on token crowd sales. They are hoping to capture the Chinese and Asian entrepreneurs searching for a new home.
Other countries are not as accepting of this new DLT technology and have even gone as far as classifying it as illegal and immoral behavior. There have been hyperbolic concerns most notably from China that cryptocurrencies will destabilize world financial markets.
There are various pilot projects and efforts to prove the benefits of cryptocurrencies and the blockchain industry currently being tested all across Europe. Yet even now they are barely scratching the surface of the full potential of the blockchain.
Country-by-Country Cryptocurrency Adoption
Citizens of countries all over the world have varying attitudes about cryptocurrency. These attitudes and sentiments can be very significant to the future adoption of cryptocurrencies because politicians and regulators tend to act in consideration of the collective opinion of the public. Some countries were more accommodating at first but then became stricter, despite positive public interest, basically saying they are still not sure about the possible consequences and benefits of the technology. “ “Country-by-Country Cryptocurrency Adoption
Estonia
Surprisingly enough this small Baltic nation has gained a reputation for being quick to accept technological innovation. Estonia has a tech-friendly government eager to accommodate the innovative use of cryptocurrency in fields ranging from blockchain technology for healthcare and banking services; and even granting citizens the right to become what is known as “e-Residents”.
As e-Residents, Estonian citizens and businesses are provided with digital business authentication. It is also one of the first countries to employ the use of a blockchain-based e-voting service that enabled people to become shareholders of NASDAQ’s Tallinn Stock Exchange.
This fascinating and highly innovative country is now host to a number of Bitcoin ATMs and startups, like Paxful. They are cryptocurrency friendly, and cryptocurrency user friendly as well. Estonia also has highest internet penetration rates in the world.
Estonia may be a fine place to consider basing your ICO due to the friendly legal and regulatory environment.
This and a lot more you can learn on our website: www.ubai.co! “ “Country-by-Country Cryptocurrency Adoption
The United States of America
The USA is the world’s dominant superpower, and it should come as no surprise that it has the highest number of cryptocurrency users in the world. It also has the highest bitcoin trading volume and the highest number of bitcoin ATMs.
Powered by Silicon Valley, which is home to a lot of cryptocurrency and blockchain startups, the US stands at the forefront of all things relating to cryptocurrency worldwide. Many other nations are planning to follow the US lead concerning cryptocurrency regulations. This means the USA will serve as the testing ground for cryptocurrency and crypto-regulation in the years to come. This is likely where the future regulatory framework will take shape.
Bitcoin in particular has shown massive growth in the US. This can only be interpreted as a strong tailwind for a positive regulatory environment because the population at large supports blockchain technology.
For the moment, due to regulatory paralysis and the resultant legal vacuum, ICOs are strongly advised against raising funds or basing operations in the US. The SEC has been particularly strict in its enforcement of securities and investment law which require an ICO to do an oppressive amount of compliance work. “ “Country-by-Country Cryptocurrency Adoption
Denmark
When it comes to technological advancements and the standard of living of its citizens, Denmark is among the world leaders. It is considered one of the most developed countries in the world. It is also at the forefront of countries looking to reduce the use of cash money and advance to the use of 100% digital currency. As such, sentiment among the general public and political sphere actively supports the adoption of cryptocurrencies as a means of payment. The only question left is which particular cryptocurrency system to adopt. It is still unclear whether bitcoin is the one, or BTC will mainly just be accepted as a means of exchange. There are also discussions in Denmark about when to redesign its national financial system; this would be a “world first”, and a radical leap forward for cryptocurrencies.
Another fascinating thing is that the Danish Central Bank has declared BTC as a non-currency; meaning its use is not subject to the country’s currency regulations. Some of the top bitcoin startups and exchanges such as CCDEK have their foundations in Denmark.
With its open market and encouraging regulatory framework, Denmark might very well rival Switzerland in Western Europe for the position of the continent’s preeminent ICO and blockchain industry hub. “ “Country-by-Country Cryptocurrency Adoption
Sweden
Sweden is quite similar to Denmark, for its social and demographic climate, and also for the government’s desire to eliminate cash. The Swedish Riksbank recently introduced negative interest rates. This can cause a spike in the demand for coins in the near future as citizens look for the best way to preserve their wealth. Negative interest rates like we have seen in Europe and Japan also, actively corrode savers’ wealth because people are actually paying a percentage of their savings to the central bank to hold their cash, in addition to losing out to inflation at the same time.
Sweden has taken the boldest step yet in all of continental Europe to legalize cryptocurrency. The country legalized the use of BTC and other cryptocurrencies as a means of payment by official public declaration. It is however expected that exchanges should file for a license in accordance with AML/CTF and KYC regulations.
Sweden is also home to a number of cryptocurrency startups such as the Safello Bitcoin exchange, and Stockholm-based KnCMiner. The gradually increasing trading volume of cryptocurrency has been a good indicator of the country’s appreciating demand for cryptocurrencies. “ “Country-by-Country Cryptocurrency Adoption
The Netherlands
The Netherlands is quite fascinating in its own right. How can a country not be referred to as Bitcoin-friendly when it can boast about having its own “Bitcoin City”? There are over 100 merchants that sell goods that can be purchased with cryptocurrency in Bitcoin City.
There are no regulations restricting the use of BTC in the Netherlands under the Act on Financial Supervision of the Netherlands. This explains why a lot of startups, BTC ATMs, and even a Bitcoin Embassy can be found in the heart of Amsterdam (the capital of Netherlands).
The friendly climate for cryptocurrency has led to a lot of very active bitcoin communities across the nation hosting regular meetups and other events. The country’s banking sector has been looking to incorporate BTC and blockchain to reduce costs and improve banking technology. The Netherlands is also a popular location for many important bitcoin conferences and bitcoin companies such as BitPay.
The Netherlands is increasingly becoming a prominent place for ICOs and blockchain related businesses to base their operations. “ “Country-by-Country Cryptocurrency Adoption
Finland
Well-known as the home of Nokia, Finland has constantly been at the forefront of technological innovation, just like its other Scandinavian neighbors. The Finnish Central Board of Taxes (CBT) has even gone as far as classifying bitcoin as a financial service, exempting it and cryptocurrency purchases from the VAT. What more could be better for Bitcoin?
Finland also boasts a significant number of BTC ATMs despite its small population. The capital of Helsinki alone is reported to have 10 ATMs for BTC. The country is also home to top exchanges such as FinCCX and Bittiraha.fi. As of January 2016, the most expensive bitcoin sale took place in Finland. It involved the sale of a Tesla Model S worth over €140,000 at Auto-Outlet Helsinki Oy.
Canada
Canada is home to a variety of bitcoin startups and ATMs. It is considered to be more favorable toward cryptocurrencies than the USA. The country has two cities on its eastern and western coasts, Toronto and Vancouver, that are recognized as “Bitcoin hubs”.
Canada has a vibrant cryptocurrency community and is home to startups such as Decentral, the Vanbex Group and a large number of merchants who accept cryptocurrencies as payment. Vancouver is known to have over 20 ATMs while Toronto is well-known for holding large cryptocurrency conferences.
There has been constant growth in cryptocurrency trading volume in the country. Canada might be the best location in North America to base an ICO or operate a blockchain business due to its supportive regulatory environment and a rich ecosystem for cryptocurrency, with human talent, ATMs and other tools, etc. “ “Country-by-Country Cryptocurrency Adoption
United Kingdom
The UK is one of the absolute top financial hubs in the world. It is also a center of innovation. There are a large number of bitcoin and blockchain related startups, BTMs and active communities. All of the previously listed crypto-friendly features make the UK a very desirable environment for bitcoin. The UK has identified the inevitable need for a new payment solution and is gradually bracing itself for a widespread adoption of cryptocurrency in the future. There are even a few local pubs that accept BTC as a means of payment.
It is also interesting to note that the Bank of England has been closely monitoring bitcoin technology and has requested ideas from citizens on the improvement of its monetary system. Bitcoin is presently seen as “private money” where VAT is imposed from suppliers of goods and services that accept cryptocurrency as payment. Profits and losses incurred from cryptocurrency trading are also subject to capital gains tax, just as in the US.
In the UK, it has become increasingly clear that BTC can be part of a bigger story, and the trading volume indicates steady growth. There are not clear laws against cryptocurrencies at the present time. But the lack of regulatory momentum suggests we may see more positive developments soon. One thing to keep in mind, while the Brexit is still in progress, the British government may be more likely to legislate on non-core issues. “ “Country-by-Country Cryptocurrency Adoption
Australia
The major banks in Australia have been quite hostile toward bitcoin, but at least the country has removed the burden of “double taxation” on cryptocurrency. This was good news to the local business community because blockchain startups had begun to leave the country as a direct result of unfavorable taxation and closure of bank accounts.
The use of BTC still remains unregulated, there is no law or regulation restricting the use of cryptocurrencies by Australian citizens. Cryptocurrencies are regarded as a form of property in Australia, and purchases with BTC, for example, are referred to as “barter”.
The Australian Securities Exchange (ASX), you will remember, is transitioning its CHESS verification system to a blockchain solution that should go live at the beginning of 2019. Cryptocurrencies in Australia are seen a lot like they are in the US. Topics like the imposition of capital gains tax, concern about securities law, the legal debate about using cryptocurrency as payment for goods and services, etc., are all problematic for regulators. While the general population is quite comfortable and supportive of cryptocurrencies and blockchain solutions, at the present it is not a high priority for the government to legislate or regulate. “ “Taxation and Cryptocurrency
Tax is of course one of the most important factors in financial matters on both a personal and corporate level. Taxes greatly influence investment decisions and returns, regardless of industry or size. It is one of the first things every individual or group considers before investing. Notably, in Australia and the USA, cryptocurrency gains are treated as capital gains and taxed at up to 50% of the return.
Some countries have low cryptocurrency taxes specifically to encourage the blockchain industry. By offering a more competitive tax rate, countries are implicitly supporting cryptocurrency and actively trying to offer a better return profile than other countries. We will discuss the different taxation regimes in a wide range of countries so you can ascertain the financial advantages and disadvantages of a variety of locations.
Belarus
Belarus charges 0% in taxation until 2023. That exemption is specifically for cryptocurrency exchanges and transactions. This has been done to help Belarus build a special economic zone, referred to as ‘HTP Belarus’. Their goal is to have an economic zone strong enough to compete with the likes of Silicon Valley.
The government of Belarus has also declared smart contracts as legal documents. Anyone looking to set up a blockchain company or a cryptocurrency startup should seriously consider Belarus. It has a supportive regulatory and legal environment which actively encourages the blockchain industry and does not impose punitive taxes upon those inside the industry.
“ “Taxation and Cryptocurrency
Portugal
Any and all personal income received from cryptocurrency transactions is tax-free in Portugal at the present moment. Income from cryptocurrency trading is categorized as something legally different from traditional income or capital gains.
The Portuguese government stated clearly that any kind of sale of cryptocurrency does not fall under capital income or capital gain. If an individual is however found to be carrying out professional activity, or any business activity related to cryptocurrencies, that is a different matter and such income will be subject to taxation.
From a personal perspective, Portugal is one of the leading countries where an individual can carry out their cryptocurrency transactions and enjoy a decent standard of living in the same country too. However, for ICO and Blockchain businesses it is not recommended to base your operations in Portugal.
China
China is famous the world over for being home to some of the largest cryptocurrency mines and many active cryptocurrency investors; yet at the same time China makes it illegal to conduct any cryptocurrency related business or investment.
But China still has an especially attractive environment for investors. Hong Kong runs on a policy of zero VAT or capital gains tax so it is easy to recommend you base your business there. Hong Kong also stands out as a major financial hub in the heart of Asia. “ “Taxation and Cryptocurrency
Netherlands
Actually, Netherlands was the first country to make use of a non-zero tax rate policy for cryptocurrencies. So, it may seem reasonable to expect a discouraging tax situation. But the fact is, Netherland’s tax policy is rather advantageous for cryptocurrency. They have a very simple, low-tax regime.
Cryptocurrency assets need to be declared with the total assets owned by an individual at the beginning of the year to assess their value. Cryptocurrency gains will be taxed at the highest tax bracket for capital income of just around 5%. The Netherlands is strongly recommended as a good country to work and live in, from both a personal and corporate perspective.
Germany
Germany is the economic center of the EU. This makes it a great place to start a cryptocurrency or blockchain company. Financial technology has been thriving there for more than ten years, and Germany has favorable cryptocurrency laws too.
Bitcoin and cryptocurrency assets have a 0% tax when used in making payments due to no VAT levied for making payments with BTC, because there is no “value added” through cryptocurrency as a fiscal product.
Germany offers a moderately compelling case for both blockchain business and individuals. While the tax rate on income at the company level is not competitive, the ability to pay for services in crypto as well as hold cryptocurrency assets and sell them at zero percent taxation rate is compelling. “ “Where to Base Your ICO
Let’s talk about the countries that are most accommodating with regard ICOs. Start-up ICO companies, like any company, essentially require three key principles for operation. The first is a sound legal and regulatory framework wherein the rule of law is preserved and business encouraged. The second is the ability to hire or acquire talented individuals to work at the firm. The third and final is the tax system and access to associated financial systems in order to allow the enterprise to succeed.
Estonia
This country is, perhaps surprisingly, widely referred to as the most digital society in the world. Estonians are known to be pathfinders deeply involved in setting up an efficient, secure, and transparent internet ecosystem.
The country ranks first when it comes to the number of ICOs per inhabitant. It has an incredibly supportive tax regime, actually among the most competitive in the world, as well as a deep pool of talent across all areas of the digital spectrum. Estonia offers possibly the most supportive and friendly regulatory and legal framework in the world for an ICO. This, in combination with a zero percent tax rate at both a personal and corporate level, combine to make Estonia one of the single most appealing locations from which you can launch and operate your ICO. “ “Where to Base Your ICO
Singapore
Singapore is another important regional hub in Asia for its strong rule of law as well as low taxation. The country offers one of the highest standards of living in the world. It is centrally located in the heart of Asia, so it easy to travel and recruit talent from surrounding countries. At the present there are not any specific regulations targeting the blockchain industry, but it is one of the world’s largest countries by funds raised for ICOs. It has a competitive tax regime in combination with strict AML and KYC. All of these factors make Singapore Asia’s leading location to launch and base an ICO.
The regulatory situation around the world may seem rather complicated. That is because it is. Laws and regulations are changing rapidly all over the world. And the regulatory framework is the most significant point of concern for a startup ICO. You should carefully study not only the current regulations surrounding your particular venture and how its tokenomics affects its classification, but you also need a reasonable sense of where the country is likely to be six months or a year later. Ideally you would base your ICO in a country that is supportive now, and all timeframes into the future with a competitive and legally sound tax system.
Where to Base Your ICO
Slovenia
Slovenia has recently transformed itself into the leading destination for blockchain technology in Europe. The government of Slovenia has placed a strong emphasis on the study of blockchain technology in public administration, and there has been an amazing success rate for ICOs in Slovenia. While the Slovenian government is a leader in terms of adopting cryptocurrencies, its rate of taxation is still considered quite high at 19%, even though that is still lower than other European countries. ICOs are considered to be normal business activities where you are taxed based on the funds received from an ICO less the expenses of doing business.
Switzerland
Switzerland is trying to remain relevant for the blockchain industry and for ICOs. The Swiss finance ministry is actively trying to attract investors to the country. Switzerland is considered a very important crypto location due to fact it was home to four of the largest ICOs in the world. The country is also very attractive to investors because of its friendly regulations and digital expertise. The taxation and regulatory environment is extremely secure and positive towards the cryptocurrency and blockchain industry in general.
Are there successful ICOs that have originated from the specific countries considered? Read the full article to get the answer! UBAI.co
Learn more about our STO and ICO marketing services right now! Contact me via LinkedIn: LinkedIn

Hello, everyone!
In honor of the Talladega race, here is a list of 98 facts relating to Dogecoin and other Dogecoin-related facts, however tenuously. ;) This list isn't an official fact sheet, nor is it particularly authoritative, but hopefully you'll learn something interesting.
I tried to offer a mix of obvious and esoteric information.

1. Josh Wise is the underdog(e) racer driving the Dogecoin-sponsored car in the Talladega NASCAR race.
2. The number 98 comes from the number of Josh Wise's race car. You'll often see tips, etc. with 98 in them on the dogecoin subreddit.
3. Other funny tip amounts include 4.20 and 777.
4. NASCAR is an acronym meaning National Association for Stock Car Auto Racing, referring to the stock cars that are souped-up from “normal” vehicles.
5. NASCAR's roots are in bootlegging, where people drove illegal booze around and avoided cops with fast cars during the Prohibition.
6. Doge- has become a useful prefix. A well-known example is the Dogecar.
7. The Dogecar in question is a Ford Fusion.
8. “Talladega” refers to the name of the racing track, the Talladega Superspeedway. The track was originally known as the Alabama International Motor Speedway, which is not nearly as catchy as 'Dega.
9. The actual name of the race that Josh Wise is racing in is the Sprint Cup, during Aaron's 499.
10. The Dogecoin “mascot” is a Shiba Inu, a Japanese dog breed whose name is sometimes translated as “Small Brushwood Dog.”
11. People in the Dogecoin community are known as “shibes,” the nickname of the Shiba Inu.
12. Sometimes “Shibes” is capitalized, just as “dogecoin” can be written in lowercase.
13. The palindrome of Dogecar is Racegod.
14. “To the moon!” is a rallying cry in both the Dogecoin and Bitcoin communities. It can refer to several things: the skyrocketing price, the adoption of the currency, or both.
15. Dogecoin is based on a meme in which a Shiba Inu named Kabosu looks quizzical and uses strange grammar to remark on things.
16. In fact, there are rules for Doge grammar.
17. A mainstay of Doge grammar includes the use of “wow” at the end of statements.
18. The Dogecoin font of choice is Comic Sans, released in 1994 with Microsoft products.
19. Comic Sans, a much maligned font, was redesigned recently as Comic Neue. Classy!
20. Dogecoin's code is derived from Litecoin, which is a cryptocurrency that developed after Bitcoin.
21. Some of Dogecoin's biggest fund-raising efforts have included sending the Jamaican Bobsled Team to the 2014 Winter Olympics, building wells in Africa, and supporting victims of natural disasters. Plus the Dogecar!
22. A Dogecoin ATM was demoed at Coinfest in early 2014.
23. In Tijuana, Mexico, there are two Bitcoin-based ATMs that support Dogecoin.
24. A house was recently put up for sale with the price of 100 million Dogecoins.
25. A key difference between Dogecoin and Bitcoin is that Dogecoins are less rare, with 5.2 billion coins released into the economy every year.
26. There are a handful of Dogecoin-friendly restaurants that accept Dogecoins as payment for food. One of the most well-known is the Iron Rail Diner.
27. The Iron Rail Diner offers a “To the Moon” Sundae.
28. If you'd rather buy food online, Dogecoin marketplaces have sprung up to allow shibes to grocery shop in their favorite cryptocurrency.
29. The dogecoin subreddit lists a ton of service providers and shops that allow Dogecoin purchases, and there are other directories that can help you lighten your Dogewallet.
30. Three foods available for purchase on ShopDoge are two flavors of Doritos and a pack of Mountain Dew.
31. The stereotype does stand to some scrutiny: recent demographic surveys have skewed towards young, tech-savvy males.
32. In fact, two recent surveys have shown female participation within the Dogecoin community at less than 15%--and one showed the level to be less than 10%.
33. Mountain Dew is generally shown on labels as Mtn Dew. No period after Mtn, much like there being no period after the Dr. in Doctor Pepper.
34. The no-period thing wouldn't be that unusual to someone familiar with British English: in many situations, the period is omitted after the title.
35. The Tex-Mex fast food chain Taco Bell has exclusive rights to Mountain Dew Baja Blast.
36. Tipping is a huge deal in the Dogecoin community.
37. Although dogecoin is obviously very welcoming towards Dogecoin tips, other subreddits are less excited about them.
38. “Tip” as a word isn't all that old. It originated in the 1700s and was originally a slang term.
39. Tipping started in England when guests would offer “vails” for overnight accommodations.
40. The word “gratuity” is much older, though the word in English has a much more official feel than the tipping found in the Dogecoin community.
41. Tipping is a common practice in the U.S., but it's not an expectation around the world.
42. The practice of tipping waitstaff in the States derives the fact that waiters and waitresses earn a much lower wage in order to offset food costs.
43. In Japan, it's weird to tip people.
44. Tips in USD are considered taxable income by the IRS, the Internal Revenue Service.
45. The drinking water campaign in Kenya was funded partially by a 14 million-doge tip through Twitter, so-called the “most valuable tweet in history.”
46. Dogecoin can be bought, acquired through tips, or acquired through faucets.
47. Faucets are sites that offer a slow leak of cryptocurrency to users who enter their wallet address. Although the faucets offer free coins, the amounts are generally very small.
48. A common occurrence in the Dogecoin community is the giveaway, a spontaneous tipping event with rules and parameters—even if the rules are that everyone who comments gets some Dogecoin!
49. Although there are many shibes who start out in Dogecoin via mining, many others are lured in by the giveaways and the free Dogecoins that dogecoin hoists upon newcomers.
50. The first Dogecoin conference happened in May 2014 in San Francisco. It was appropriately called DOGECON SF.
51. Dogecoin started as a joke, but it soon became serious business.
52. Another thing that started as a joke includes the game Goat Simulator, a ridiculously game in which the player causes goat mayhem.
53. Testing new ideas as “jokes” can be a good way for businesses to get a sense of what their consumers actually want.
54. One big example is ThinkGeek's Tauntaun sleeping bag, a joke that was so awesome that it had to eventually come true.
55. You can buy legal services through Dogecoin.
56. You can pay for an obstacle run through Dogecoins.
57. There is such as a thing as caffeinated peanut butter, and it's available for purchase via Dogecoin.
58. Master Gardeners—or at least one in Wisconsin—support Dogecoin!
59. Master Gardeners are those individuals who have gotten intensive training through the American Horticulture Society.
60. You can relax at a spa using Dogecoin.
61. You can become a Korean martial arts master via Dogecoin.
62. There are numerous ways to gamble your Dogecoin.
63. Be careful, though: depending on where you live, online gambling may be illegal regards of currency.
64. Actually, the laws regarding cryptocurrency and gambling are a bit nebulous.
65. Online poker sites began to disallow U.S. Players from gambling their USD on a Black Friday.
66. Black Friday is the day when profits go “in the black” (to the moon!) in time for the upcoming Christmas and holiday shopping season. It's a U.S. holiday of sorts after Thanksgiving in November.
67. DogeMusic brings busker tips from the real world into Dogecoin tipping online. Much generous.
68. Tipping in Dogecoin can be a type of crowdfunding, a pooling together of money for a cause that's rife around the Web of 2014 on sites such as Kickstarter, Kiva, and Indiegogo. In fact, these sites could one day accept Dogecoin tips!
69. A handful of nonprofits accept Dogecoin, a few of which include Shelter Card, League Against Aids, Wags & Whiskers, and Ghana Medical Help.
70. You can get a six-pack through Dogecoin. Sort of.
71. You can surf in London through Dogecoin.
72. May 4th is Buy Something with Doge Day, an effort to stimulate the burgeoning Dogecoin economy.
73. May 4th is also Star Wars Day, an unofficial celebration that was given the nod by LucasArts. May the Fourth be with you!
74. Dogecoin was introduced to the world on December 8th, 2013.
75. If Dogecoin were a person, it would be a wobbly toddler. At the age of four months, toddlers' eyes have generally sharpened to 20/40 vision.
76. If Dogecoin were a puppy, its vision wouldn't be in black and white, like some people believe. Instead, it would be saturated in yellows and blues!
77. Dogecoin shares a birthday with Nicki Minaj, Mary Queen of Scots, Eli Whitney, and Ann Coulter.
78. Another famous birthday twin includes Sinead O'Connor, who was sent to an asylum for shoplifting when she was a teenager.
79. The day after Dogecoin's inception, an article reported that over 500 were mining the new cryptocurrency. That number has increased tremendously since then.
80. One famous Dogecoin supporter is the man behind Goatse.cx.
81. Goatse.cx is a shock site from the Internet days of yore featuring, well... Google it.
82. The owner of the .cx domain, Christmas Island, is the one who stopped the scourge of Goatse.
83. Before the advent of novelty domains such as .ninja or .bar, domain names were based on actual locales.
84. Colombia, owner of all .co domains, gets revenue from sites with a .co suffix.
85. One of the top-rated posts on dogecoin shows a photo of the Jamaican bobsled team in the Olympic parade.
86. Another post shows 50,000 Dogecoin-worth of pizza being delivered to a homeless shelter.
87. Dogecoin is very much focused on philanthropic efforts. Studies show that doing good makes you feel good, which has likely contributed to the tipping culture on Dogecoin.
88. That said, there have been Dogecoin scams and the like, so it's important to be cautious but friendly, much like how you'd approach an unfamiliar doge.
89. Reddit supports Dogecoin not only through the dogecoin community. The co-founder of Reddit, Alexis Ohanian, accepts Dogecoin donations for crowdfunding efforts and is a big supporter of the currency otherwise.
90. Much as there is doge, there is cate. Cate doesn't have a spokescat, however.
91. One of the most famous meme cats is Grumpy Cat.
92. Grumpy Cat arose to fame on Reddit in 2012 and has since become a cat celebrity of sorts.
93. Dogecoins have been featured in street art, the most famous incidence being when an anonymous shibe started donating thousands of Dogecoins to people in San Francisco.
94. FUD is an acronym for “fear, uncertainty, doubt.” It's bandied about in an effort to calm people down during spikes and lulls in the Dogecoin economy.
95. The amount of Dogecoin raised to fund the Dogecar was 67.8 million Dogecoins, around $55,000 at the time of exchange.
96. Before the Talladega race, dogecoin was a trending subreddit.
97. The future of Dogecoin appears bright, but there's nothing factual to say about it: so many things can happen that it's impossible to predict any sort of growth trends.
98. This list is 1,901 words long. Whew!

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SEARCH Hacked: Hacking Finance Hacked: Hacking Finance SUCCESS STORIES TREND SIGNALS RECOMMENDATIONS ICO RATINGS TRADING 101 ABOUT US CONTACT JOIN LOGIN ICOICO Analysis: SwissRealCoinPublished 1 month ago on May 14, 2018 By Gerelyn Terzo
The Money Makers Club now has 13 of 15 available seats. Learn more here! Tokenized real estate is a rising trend around the globe. While each project is unique, whether by regional focus or the composition of the token, one common feature they share is the likelihood of appearing on the regulatory radar. As a result, it’s common to see blockchain-fueled real estate projects register tokens as securities in their respective jurisdictions.
// -- Discuss and ask questions in our community on Workplace. While Switzerland has been dubbed Crypto Valley, there hasn’t been a flood of real estate ICOs in the country, or really any — till now. SwissRealCoin, which is behind the ERC20 SRC token, dubs itself “Switzerland’s first real estate crypto token.” They’re looking to capitalize on the stability in the Swiss commercial real estate market and disrupt real estate management in the process.
Token SwissRealCoin is registering SRC as an asset-backed security token and the company has applied for a letter of non-action by FINMA, Switzerland’s financial market supervision authority.
One of the key issues/risks with real estate investments is a lack of liquidity, considering the time and costs involved with divesting assets, a process that SwissRealCoin describes as “cumbersome”. SwissRealCoin (SRC) is built on the Ethereum blockchain, and it is designed to bring data transparency (rental and occupancy rates, etc. so you can track the asset manager performance) and “full liquidity” to the table.
// -- Become a yearly Platinum Member and save 69 USD. Click here to change your current membership -- // SRC is backed by Swiss real estate, which the startup describes as “one of the most stable asset classes in the world.” Each token reflects a fraction of the investment portfolio, and the securitized nature of SRT is designed to bring stability to the price.
Should the price of the token surpass that of the real estate investments amid robust demand, SwissRealCoin will issue additional tokens at the market rate. The new tokens are then invested in more commercial properties, growing the value of the portfolio and accelerating it nearer to the market price, which is a hedging mechanism to mitigate volatility. Token holders are entitled to vote on the direction of the investment portfolio.
Source: SwissRealCoinThere’s a potential 25% bonus reserved for ICO participants who pre-register.
Team Yauhen Yakimovich is the co-founder and CTO is a tech entrepreneur and seasoned software developer with nearly two decades of experience. Yakimovich is the former CTO of PriceHubble and has served in various engineering capacities and research including data mining and data analysis at the University of Zurich.
Brigitte Luginbuehl is the CEO and head of real estate. She is a real estate veteran, having spent more than a decade with Jones Lang LaSalle Ltd Switzerland across real estate-fueled corporate finance and M&A.
You can view an interview with Luginbuehl via the below YouTube link –
Verdict The SwissRealCoin token sale is backed by a professional management team with experience both in the real estate and software development markets, both of which are a boon for the ICO. The asset-backed nature of the SRC token is another positive, giving investors the ability to diversify their cryptocurrency portfolio with exposure to commercial properties that are collecting rents, etc.
But as with any ICO there are risks, and in the case of SRC the glaring one appears to be tied to the startup having only recently emerged from the conceptual stage. Meanwhile, the composition of the real estate portfolio is dependent on token holder votes, and SwissRealCoin doesn’t even enter into the sourcing and acquiring real estate phases of its roadmap until next month. So you are placing a bet that they will be able to deliver on what they are promising without any real evidence that they already have, at least not as SwissRealCoin.
Risks SwissRealCoin is a startup in the true sense of the word, with the project only having been launched in Q2 2017 when cryptocurrency prices were thrust into the spotlight. That doesn’t mean SRC won’t reach all of its lofty goals, including a global expansion that begins with broader Europe and Asia, the Middle East, South America and North America. But it’s one of those projects without the wind of historic performance at its back. -2.5 Real estate market risk. Switzerland weathered the housing crisis intact, but SRC’s expansion plans include developing Latin American economies like Brazil and Venezuela, the latter of which is battling hyper-inflation currently. -1.5 Growth Opportunity SwissRealCoin has volunteered to be objectively rated by Swiss ICO and blockchain asset-rating agency Alethena. Alethena plans to present its findings on SwissRealCoin as a use case on May 22, a day before the public crowdsale begins. The fact that SRC is willing to cooperate and proactively seek out a market rating suggests they have nothing to hide and are confident about the viability of the project. +1 SwissRealCoin has plans for the SRC to trade on some popular exchanges once the ICO is complete and considering they at least reach their hard cap (details below). They identify Binance and EtherDelta as a couple of the trading platforms they’re targeting. +2.5 Professional management team with experience valuing the real estate market and making deals. +4 SwissRealCoin is registering SRC as an asset-backed security token and has applied for a letter of non-action by FINMA. +3.5 Disposition SwissRealCoin displays great promise for returns, and it boasts many of the features that you want in a coin and a project. But it’s early days for the commercial real estate portfolio, and while they may have already identified attractive assets to purchase, there’s not yet a precedent for what they’re doing. So for that reason, we’ll rate SwissRealCoin a 7 out of 10 for now but will keep our eyes on this project and the token once it’s launched on cryptocurrency exchanges for sure!
Investment Details Token Type: Security Platform: Ethereum ERC20 Symbol: SRC Pre-Reservations: Open since February 2018 for shareholders, friends and family, partners and early community members. Public Crowdsale: May 23, 2018 Token Supply: 150,000,000 + a maximum of 7% more tokens issued Tokens Available for Sale: 150,000,000 Price: CHF 1 Soft Cap: CHF 30 million Hard Cap: 160,500,000 SRC Payment Methods: BTC, ETH or fiat currency Jurisdictions Banned: “United States (including its territories and dependencies, any state of the United States and the District of Columbia), Canada, Japan, Australia, North Korea, Iran, Myanmar, Afghanistan, Angola, Aruba, Bangladesh, Belarus, Benin, Bhutan, Bolivia, Botswana, Brunei Darussalam, Burkina Faso, Bosnia, Burundi, Cambodia, Cameroon, Cape Verde, Central Africa republic, Chad, Comorros, Congo, Congo Democratic republic, Cuba, Cote d’Ivoire, Djibouti, Dominica, Ecuador, El Salvador, Equatorial Guinea, Eritrea, Ethiopia, Gabon, Gambia, Ghana, Guatemala, Guyana, Guinea, Guinea Bissau, Haiti, Honduras, Iraq, Jordan, Kenya, Kyrgyz Republic, Laos People’s Republic, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Micronesia, Moldova, Mongolia, Mozambique, Nauru, Nepal, New Caledonia, Nicaragua, Niger, Nigeria, Niue, Oman, Pakistan, Palestinian Areas, Papua New Guinea, Reunion, Rwanda, Samoa, Sao Tome and Principe, Senegal, Sierra Leone, Somalia, South Georgia, Sudan, Sri Lanka, Suriname, Syria, Swaziland, Tajikistan, Tanzania, Timor, Togo, Tonga, Tunisia, Turkmenistan, Uganda, Uzbekistan, Venezuela, Western Sahara, Yemen, Zambia, Zimbabwe,” as per the company’s disclaimer. Featured image courtesy of Shutterstock.
Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.
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Gerelyn Terzo 4.5 stars on average, based on 15 rated posts Gerelyn has been covering ICOs and the cryptocurrency market since mid-2017. She's also reported on fintech more broadly in addition to asset management, having previously specialized in institutional investing. She owns some BTC and ETH.
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CLICK TO COMMENT ICOICO Analysis: AIRBLOCPublished 2 days ago on June 14, 2018 By VlaSem The Money Makers Club now has 13 of 15 available seats. Learn more here! AIRBLOC is a platform for the analysis and trade of personal data, uniting buyers and companies wishing to obtain information about their customers.
// -- Discuss and ask questions in our community on Workplace. As a decentralized platform for the exchange of personal data for both people and applications, AIRBLOC is planning to expand the data market to a level where individuals and small applications can participate, which will improve the quality and quantity of data transferred so that all market participants eventually benefit from this exchange.
Users will be able to monetize their own data, while monitoring and controlling transactions. Through the DAuth protocol on AIRBLOC, applications can receive permission from users and sell data on their behalf. In addition, advertisers can easily acquire and access a small amount of data and optimize their marketing campaigns using effective micro-targeting based on a high-quality and diverse set of user data.
// -- Become a yearly Platinum Member and save 69 USD. Click here to change your current membership -- // Data Providers are end users, and fully control the use and dissemination of data.
Gatekeepers are a network node; they keep the network from fraudulent activities by checking data and detecting user violations.
Data Collectors are applications that collect data and monetize them on behalf of users. They can collect indirect data using DAuth or collect direct data from users.
Data Refineries analyze data collected from Data Providers and processes them into user-level attributes. The processed data is then added to the user profile so that Data Consumers can filter them according to the specified attributes when creating a new segment.
Data Consumers are advertisers who purchase data for targeted ads using ABL tokens.
The protocol layers are described below:
Application Layer: Consists of third-party DApps that use Airbloc, including Airbloc Client, Airbloc DMP, and SDK. API Layer: an interface provided for communication with Airbloc Network and third-party DApps. Service Layer: Airbloc Contract, which includes all the functions of Airbloc Network. Core Layer: This layer is based on the Ethereum platform. It uses the internal subchain network to verify the data and uses the interchain network to link the two block libraries.
The data in the AIRBLOC system go through the seven stages of data processing, involving all five types of stakeholders. User-created data is collected and stored after Gatekeeper checks them. The refinery will refine these data in commercially available Ad data and sell it to consumers.
AIRBLOC has many competitors, including Wibson, Datum, Bitsabout.me, Insights Network, Opiria, Metame and BitClave. However, the whitepaper explains how AIRBLOC differs from these companies.
Token The total token supply is set at 400 million ABL. The tokens will be mined based on the annual inflation rate of 2.5% with the depreciation rate of -10.9%. The mined tokens will be stored on the AIR rewards pool. Such accumulated rewards will be given to Users and Gatekeepers as rewards. The block reward has a half-life of six years. As a result, more rewards will be given to early stage Network participants.
Nodes need ABL tokens in order to validate the date, and be rewarded in ABL as per usual POS
The token sale metrics are provided below:
In terms of token economics, AIRBLOC offers two types of tokens. One is the AIRBLOC (ABL), and the other is AIRBLOC Reward (AIR). ABL is a transferable ERC20 token and AIR is a non-transferrable token belonging to Users but can later be converted into ABL at a ratio of one-to-one.
While AIR cannot be transferred to others, it could be converted to ABL. However, it is impossible to convert ABL back to AIR.
The ABL token utility is spelled out below:
[DATA SOURCE] Data Providers who provide data will be rewarded with ABL tokens. [DATA CLEANSING+VALIDATION] Data Validators are rewarded in ABL tokens for validating and cleansing data (removing unnecessary segments of the data) before the data is registered on-chain. [STORAGE] Data Storage nodes are rewarded in ABL tokens for storing data. [DATA REFINING] Data Refineries analyze data and refine them into insights. [MARKETPLACE] Interactions and transactions on the AIRBLOC Data Marketplace would require the ABL token. AIR is a reward token for Users that complete productive activities in AIRBLOC, such as:
Provide data or contribute to the data reliability mining process. When Gatekeepers maintain AeroNetwork node. Refiners process raw data into valuable data. Inflation Actually, I was bothered by the inflation concept, so I dug into inflation and AIR issuance.
inflation will work in two ways:
1) ABL mined by nodes through a POS which requires ABL and is set at 2.5% per annum with 10.9% decrease in yield. 2) Through conversion of AIR, which is also given to user as per their contribution and amount of AIR they have.
To get ABL tokens, you must:
Buy at the exchange Receive reward from node Convert from AIR In this sense, the procedure of AIR issuance is rather important. And for this AIRBLOC introduces a concept of AIR pool.
AIR pool will be a dynamic account, from which rewards will be given as per process described above. What is important is to understand how it is filled in the first place:
10% of total supply of ABL goes to AIR pool to ensure liquidity. It is filled with trading fees, data usage rights fees paid by refineries and penalties for misbehavior. Thus we see that issue of AIR is an ongoing process. But in order to hinder potential price dumps by AIR holders, conversion of AIR to ABL per hour is limited to 0.1% of AIR generated by the network.
Team
Roi Nam is the CEO and co-founder. He also served as CEO of ab180 (parent company) for two years. He was engaged in web development for 1.5 years, as well as CSO for 1 year.
Wonkyung Lyu is the Dev Team Lead and co-founder. He is also co-founder in ab180.
Hunjae Jung serves as the project’s Back-end Part Lead and co-founder and was also part of the founding team at ab180. Naeun Kim, Design Team Leader, rounds out the founding team at AIRBLOC.
The broader team is filled with developers and business professionals that are associated with ab180.
The advisory team includes JH Kim, who is also part of the ICON Foundation. He has almost 20 years of experience in the field of security, has experience in developing patented applications, such as the FCI protocol, has the CISA qualification, and is currently the director of Theloop.
Jason Han, who serves General Director of Kakao Blockchain, is also on the advisory team. He has served co-chairman and technical director of FuturePlay Tech VC.
Serial entrepreneur Sungjae Hwang is also an adviser to the project. He is a partner of Futureplay, the initial high-speed accelerator in South Korea and the CEO of FoundationX. Prior to these companies, he founded several start-ups. He worked as the chief product officer in Fluenty Inc. and AI chatbot startup, which was acquired by Samsung Electronics in 2017.
Louis Jinhwa Kim, who previously served as Director of the Tide Institute Institute of Finance and Delegate of the Republic of Korea to the United Nations Conference on Environment and Development (2012), is also on the team.
Partners include:
GS SHOP, a leading online retail platform in Korea. Allbit, a new type of crypto exchange gateway. . FoundationX, one of the growing funds and accelerators of venture capital in Korea. VEAT, which is one of the leading law firms in Korea specializing in startup advisory services. ORANGEFARM, which is focused on incubating promising startups in Korea. ab180, the parent company AIRBLOC, was incubated in ORANGEFARM as early as 2017. SENTIENCE, one of the leading Korean research companies,. Deblock, an accelerator in Korea which is jointly invested by ICON Foundation & Ad4th Insight, a specialized block-chain company. Battle Entertainment, a leading comic platform in Korea, serving more than a million customers. Humanscape, a the leading medical platform for customer relationship management in Korea, which helps hospitals monitor the condition of patients after surgery and provide follow-up services to patients. Rainist, a leading Korean software company which provides recommendations for financial products based on lifestyle patterns. Fysical, the world’s first full-fledged, fully functional, decentralized market for location data. Indorse, a decentralized social network for professionals. Verdict A large team with extensive experience in the sector looks solid. The guys were able to attract consultants in areas where there are obvious gaps, as well as partners represented by ICON.
Risks Based on token sale ROI statistic, marketplaces and advertising related projects do not have a good performance in the short term. -1 Customer attraction could face challenges. However, to offset this, the platform has developed a proprietary AirBloc Protocol SDK (software development kit) that has already been stress tested by 60 million devices in Korea. The SDK Protocol functions like a layer that can be easily implemented on top of apps, allowing acquisition of customers. -0.5 Platform implementation and scaling could face difficulties, as Ethereum is not suitable for this. Therefore, AIRBLOC uses the hybrid-chain architecture that uses Ethereum and ICON. Data validation and the process will be done through Aero Network, which will use ICON. Such a combination seems promising; however, without a working MVP (planned to be in Q3 2018) it is hard to judge on its performance. -1 There are ptential regulatory barriers in relation to private data protection laws, although the team looks prepared to handle it. -0.5 I do not like the fact that private sale participants get 45%, even though 30% of 45% will be locked for 3 months as their overall part in the token distribution is rather high. -2 The project involves a complex inflation model, which involves two tokens. -1 Growth Potential Mother company ab108 is already successful in advertising market analysis in Korea. +2 Whitepaper and documentation are pretty good. +1 The team is above average with many strong developers. +2 A lot of strong partnerships like ICON and GS shop, Coinplug as well as several VCs. +2 Token metrics and distribution are in a good range with a hard cap of 20,000 ETH (around $12 million). +2 Strong token use case. +1 A good growth strategy for user attraction. +1 Hype is there (Telegram has 10,000+ members and lots of people are on the whitelist). +2 Disposition This is definitely a project to look for. The team has all the necessary experience and knowledge for a successful execution. They leverage on their mother company ab108 and numerous partnerships. They have some obstacles in their way, but they have a clear plan how to overcome them. AIRBLOC receives 7 of 10.
Investment Details Type: ERC20 – Utility Symbol: ABL Platform: Hybrid chain structure: Ethereum and ICON Crowdsale: June Minimum Investment: 0.2 ETH Price: 1 ETH = 10,000 ABL Hard Cap: 20,000 ETH Payments Accepted: ETH Restrictions Barred from Participating: USA and China General details :
Website : https://airbloc.org/#main
Whitepaper : https://docs.google.com/document/d/1JFpgTbp3W76Q45HmefSpLBraZ_XeTHmdtWheYMU0czQ/edit
Telegram : https://t.me/airbloc
Github : https://github.com/airbloc
Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.
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VlaSem 4.9 stars on average, based on 6 rated posts Vladislav Semjonov has a legal and financial background. He has been involved in crypto space since early 2017 in both ICO advising positions in several ICO consultancy firms, and as an ICO analyst for VC. He began contributing for Hacked.com in April 2017.
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CONTINUE READING ICOICO Analysis: RedPenPublished 3 days ago on June 13, 2018 By Kent Hamilton The Money Makers Club now has 13 of 15 available seats. Learn more here! RedPen is a breakthrough social news and storytelling platform powered by blockchain and artificial intelligence. It combines news and public opinion into one experience to showcase what the internet thinks, feels and says about stories. The RedPen platform transforms online communities and information consumption while highlighting author reputation.
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Despite previously issued memos, signed by career Ghanaian bureaucrats, which evoked possibility of crypto-currencies going completely legit in Ghana, in its January 2018 memorandum Bank of Ghana representatives announced that trading and using digital money in Ghana falls outside of the Payments System Act.
It says "The Bank of Ghana wishes to notify the general public that these activities in digital currency are currently not licensed under the Payments System Act 2003 (Act 662) . . . The public is therefore strongly encouraged to do business with only institutions licensed by the Bank of Ghana to ensure that such transactions fall under our regulatory purview".
Although this statement just reinforces the notion that digital currencies are currently unregulated in Ghana, overzealous local officials may also interpret it as a hint on the illicit nature of all crypto-related assets. For a country, which has consistently spent its resources to establish itself as the African technological leader, this resolution can do more harm than good. Among other negative consequences it might result in unnecessary legal restrictions and drive Bitcoin underground.
Business Notes for Startups Founders:
political climate: marginally friendly; economic climate: moderately friendly; regions to focus: locally, Sub-Saharan Africa; industries to focus: e-commerce, media, mobile applications, e-job, marketplaces, entertainment, FinTech, tourism, solar, bio-tech; major limitations: relatively low Internet penetration (under 30%), high level of corruption, low personal income, limited access to VC and seed money; stimulus: expanding economy (GDP growth rate about 6%), many new market opportunities, large young population, access to qualify pool of local coders and talents from neighboring countries, potential to became one of major African's technological hubs. opportunities: many; Cryptocurrencies and ICOs (outlook): not regulated (moderately negative). The author: Svyatoslav (Svyat) Sedov Angel investor and founder of The First International Incubator for Silicon Valley Companies (FirstInternational.In) in the Bay Area, CA, USA.
Twitter: https://twitter.com/SvjatoslavSedof