bitcoin press release, blockchain, cryptocurrency, decentralized, digital currency, malaysia, singapore, startup, ultimate, Velix.ID, virtual currency

A Blockchain RegTech Solution to the World’s $200 Billion a year Identity Verification Crisis: Introducing Velix.ID

Bitcoin Press Release: RegTech Startup Velix.ID are building a blockchain platform to ease the processes of identity verification and sharing across business and consumer markets globally.

January 15th 2018, Singapore, Malaysia – In the fast-moving 21st century with a 7 billion strong population — accessing any consumer service requires identity information — signing up on websites, ecommerce checkouts, accessing private properties, buying bitcoins, or gettings loans! However, this incautious sharing of Identity bring many problems for both the consumers and the businesses.

The Problems with Identity Verification

Identity Fraud: As per the data compiled and fact checked from Forbes, BBC, Mashable, CNBC and the Telegraph, the world is losing  up to $200 Billion in Identity Fraud every year, and more than 4 Billion data records were stolen globally in 2016 alone.

Data Breaches: When the data is stored in central databases with authorities or businesses, it is susceptible to mass data breaches. It is not just random websites on the internet that are compromising people’s data, even some of the world’s major brands have suffered mass data breaches. The list includes popular names such as Uber, Yahoo, Adobe, Sony, JP Morgan, eBay, Zomato; the government databases are no exceptions either. In India particularly, Aadhar has suffered multiple massive data breaches, compromising the most sensitive personal data of millions of Indian citizens. Other key government enterprises including DRDO, ISRO, RBI, EPFO, SBI, BSNL, and several others have faced data breaches as well.

Time & Cost Inefficiency: Current Methods of Identity Verification are too slow and inefficient for both consumers and businesses — taking the cost of verifying identities to near $100 billion a year. The laws relating to Cryptocurrencies in India are so stringent, that the Exchanges have to spend millions of dollars performing KYCs, which inconveniences the consumers by having to wait for multiple days before they can actually start trading. At new

The Velix.ID Solution

Decentralization: Storing the data in a centralized database makes the identity information susceptible to mass data breaches or misuse in the hands of the concerned authority (such as selling your information to advertisers without your explicit consent). Blockchain  Technology allows for this information to be stored on a public ledger in an anonymous manner with no authority having singular control over this information.

Easy Transaction: A unique easy-to-remember 8-digits alphanumeric  ID that can be shared globally with anyone to allow seamless sharing of identity information in a secured manner without requiring to repetitively provide the same information over and over again.

Mandatory User Consent:  The identity holder should always be in charge of how and where their identity information gets shared. Any transaction of Identity cannot occur between two parties without the explicit consent of the Identity Holder.

A Platform that doesn’t require Trust: The blockchain & zero-knowledge proofs technology that Velix.ID utilizes ensures that it doesn’t have any information stored about the user with it, and the identity information is transacted directly to the identity information requester, without any intermediary control. This means that the platform works even without trust.

Improved Customer Experience: Users can access services easily and instantly without repeatedly requiring to sign-up or entering identity information.

Time & Cost Conservation: The cost for new customer acquisition and identity verification comes down since the same processes do not have to be repeated over and over again. The time spent in performing multiple signups, gathering and verifying identity information also reduces significantly.

Identity verification has been one of the biggest concerns in the last decade globally because of the costs and risks involved in the process. I started exploring the identity space in 2015 when i discovered that my email ID got hacked in a mass data breach” Said Manav Singhal, CEO at Velix.ID.

“The idea behind Velix.ID has always been to make it safer and more efficient to share & verify identities across the consumer markets. As a consumer, I shouldn’t have to wait for days for the business to verify my identity before I can start accessing their services; it is a loss-loss situation for both businesses and their customers

Velix.ID Token Sale

  • Pre-Sale Phase 1: 1 VXD = 0.6 USD, starts: 27 Jan 2018, discount: 40%
  • Pre-Sale Phase 2: 1 VXD = 0.7 USD, starts: 3 February 2018, discount: 30%
  • Crowdsale Phase 1: 1 VXD: 0.8 USD, starts: 10 February 2018, discount: 20%
  • Crowdsale Phase 2: 1 VXD: 0.85 USD, starts: 18 February 2018, discount: 15%
  • Crowdsale Phase 3: 1 VXD: 0.9 USD, starts: 26 February 2018, discount: 10%

Visit the Velix Website: https://www.velix.id/
Check out the Whitepaper: https://www.velix.id/assets/Velix.ID%20White%20Paper.pdf
Connect on Telegram: https://t.me/velixID
Follow on Twitter: https://twitter.com/VelixId
Check out the Blog: https://blog.velix.id
Read the BitcoinTalk Thread: https://bitcointalk.org/index.php?topic=2721724

Media Contact
Contact Name: Neer Varshney,
Contact Position: Head of Communications & Outreach,
Contact Email: neer@velix.id

Velix.ID is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest

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A Blockchain RegTech Solution to the World’s 0 Billion a year Identity Verification Crisis: Introducing Velix.ID

barcelona, bitcoin press release, blockchain, cryptocurrency, decentralized, digital currency, ethereum, spain, startup, ultimate executive, virtual currency, voise, voise tokens

Blockchain Music Platform VOISE Joins Ethereum Enterprise Alliance

Bitcoin Press Release: Blockchain music startup VOISE is the latest member of the Ethereum Enterprise Alliance (EEA), the largest open source blockchain alliance in the world. With direct access to some of the most talented Ethereum professionals within a network of Fortune 500 alumni, the VOISE mission to decentralize music is set to benefit from expert advice and networking.

November 15, 2017 Barcelona, Spain  – Less than a month after launching its much anticipated platform, decentralized music pioneer Voise has now joined the prestigious Ethereum Enterprise Alliance (EEA) as a full member.

The EEA membership now places Voise in the same standing with some of the most reputable global companies in a diverse range of fields such as management consulting, the energy industry, academia and blockchain and financial technology.  This relationship will enable the start up to network and engage directly with the likes of Bancor, Credit Suisse, British Petroleum, Deloitte, Intel, JP Morgan, Microsoft, Thomson Reuters and many more.

This latest development will be seen as a crucial step in gaining recognition and wider influence for the Swiss-based start up, with EEA being a valuable partnership opportunity through its endeavour in developing decentralized solutions for enterprises. With the company’s pioneering efforts in eliminating middle parties in the global music streaming industry, EEA and Voise will now be able to synergize expertise towards a common advancement of the Ethereum protocol.

Disrupting the global online music industry

Musicians and labels everywhere are retreating from conventional album sales, looking instead to online avenues where more than 110 million customers are already paying for their music. However, independent artists in particular, continue to struggle with the high costs of distributions, as major centralized platforms charge them between 15% to 40% of revenue generated from paid downloads*. Streaming services take even larger cuts, compounding the problem of an unfair model of revenue distribution that shortchanges artists.

This is where Voise comes in. Building on previous attempts at developing complex blockchain-based and decentralized platforms, the Voise solution focuses on simplicity. It will be easy to use for mainstream users, allowing both crypto and fiat payments to cater to crypto users and average music listeners, with options to deposit and withdraw to their wallets either in Voise tokens or ETH.

From the homepage, users can directly access popular music, top downloads or find new music from a thematic search engine categorized by favorite artists or genres. They can also access Radio DAO to discover the latest top performers and get first-hand updates on Voise developments.

Music artists themselves can easily upload songs and albums at a price of their own choosing, while leveraging a rich profile section to gather new fans. The platform also supports free-of-cost models that allow artists to earn from donations instead.

Rapid developments on the Voise platform

From conceptual idea to a working alpha product, Voise has made solid progress on development and delivery, with an eye firmly trained on its founding objective to deliver an artist-focused, truly decentralized platform by replacing commission-heavy business models. It believes that all revenue from music content should remain with its creators – the music artists who prop up the entire industry.

Its development roadmap has also been updated to reflect new partnerships and soon-to-be available platform features including an artist verification system and search engine. Prepared to keep up with  industry relevance, Voise also intends to create a South Korean music community to attract investment from an emerging market with global aspirations.

With endorsements from Grammy-nominated Carolyn Malachi and DJ sensation Jinco, Voise has also firmed up its business viability with partnerships with prestigious companies including MicroMoney and Coinomi.

These developments have resulted in bullish sentiment for its institutionalized VOISE tokens, as evidenced by its growing market capitalization on CoinMarketCap. Already recognized for their intrinsic value, VOISE tokens are recording steady trading volumes thanks to successful listings on many leading cryptocurrency exchanges including Bit-z, CoinExchange and LiveCoin.

About Enterprise Ethereum Alliance

The Enterprise Ethereum Alliance (EEA) is the world’s largest open-source blockchain initiative and offers the most industry-focused, member-driven Working Groups. It is an industry-supported, not-for-profit established to build, promote, and broadly support Ethereum-based technology best practices, open standards, and open-source reference architectures. EEA is helping to evolve Ethereum into an enterprise-grade technology, providing research and development in a range of areas, including privacy, confidentiality, scalability, and security. EEA’s membership represents a wide variety of business sectors from every region of the world, including technology, banking, government, healthcare, energy, pharmaceuticals, marketing, and insurance, as well as a number of fast-growing Ethereum startups.

 Learn more about the EEA at: https://entethalliance.org/

About VOISE
VOISE is a blockchain-based content distribution and monetization platform for the music industry. It introduces the multibillion-dollar global music industry to cryptocurrencies and blockchain technology.

Trade VOISE with BTC at: https://www.coinexchange.io/market/VOISE/BTC
Learn more about VOISE at: https://voise.com
VOISE on Telegram: http://t.me/voiseit
Join VOISE Slack channel: https://voise.herokuapp.com/
VOISE on BitcoinTalk: https://bitcointalk.org/index.php?topic=1846376.0
VOISE Twitter channel – https://twitter.com/voiseit

Media Contact

Contact Name: Isaac Rodriguez
Contact Email: isaac@voise.it

Location: Barcelona, Spain

VOISE is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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Blockchain Music Platform VOISE Joins Ethereum Enterprise Alliance

altcoins, bitcoin, bitcoin press release, cryptocurrency, digital currency, ico, soma, startup, switzerland, token, ultimate executive, utrust, zug

UTRUST and Soma Announce Powerful Partnership to Upgrade Classifieds Business Model

Bitcoin Press Release: UTRUST is pleased to announce a partnership to onboard Soma as the first merchant to utilize UTRUST’s upcoming blockchain payments platform.

October 4th 2017 Helsinki, FISoma, the blockchain startup that facilitates trade in classifieds, and UTRUST, a payment processor solution that enables merchants to accept multiple cryptocurrencies from buyers as payment methods while receiving in fiat money, announced a partnership to upgrade the classifieds business model.

“Soma is proud to announce a partnership with UTRUST,” stated co-founder Joseph al Sharif, “UTRUST is a revolutionary payment platform that empowers buyers to pay with cryptocurrencies while providing a groundbreaking purchase protection mechanism. Soma and UTRUST will both benefit by this fruitful partnership and we are excited to begin this collaboration as a long-term union between two innovative concepts.”

This partnership will create an entirely new breed of C2C business models. In harmony with the decentralized model, consumers will trade their goods on Soma, not through middlemen, brokers and corporations, but through mass engagement and ingenious code.

Soma and UTRUST will abolish unfair and incorrect trading fees, thus providing a just proportion of profits among its community. This partnership will usher the era of decentralized social wealth and creating a digital marketplace that will rival with the likes of eBay and Amazon.

About SOMA:

Soma is an Ethereum blockchain-based social marketplace that leverages social capital through its rewarding system and utilizes blockchain technology to create a decentralized ecosystem that incentivizes its community members to perform value-adding services for the benefit of the community as a whole.

About UTRUST:

UTRUST is the world’s first cryptocurrency payments platform to implement consumer protections on a mass scale. The company is building a global PayPal–like payments platform with extensive cryptocurrency support.

UTRUST’s end goal is to provide all the benefits of fast, secure, convenient, and inexpensive cryptocurrency transactions, in tandem with the world’s first cryptocurrency payment protections, which consumers need to fully embrace blockchain technology en masse.

Visit the UTRUST website: https://UTRUST.io/
Follow UTRUST on Facebook: https://www.facebook.com/UTRUST.io/
Follow UTRUST on Twitter: http://twitter.com/UTRUST_Official

Visit the Soma website: https://soma.co
Follow Soma on Facebook: https://www.facebook.com/socialmarketapp/
Follow Soma on Twitter: http://twitter.com/SomaToken

SOMA Media Contact:
Name: Emie-Claude Lamoureux
Email: ec.lamoureux@mlgblockchain.com
Location: Helsinki, Finland

UTRUST Media Contact:
Name: Nuno Correia, UTRUST CEO
Email: nuno@utrust.io
Phone: +41 22 518 70 77
Location: Zug, Switzerland

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UTRUST and Soma Announce Powerful Partnership to Upgrade Classifieds Business Model

altcoin, bitcoin, bitcoin press release, blockchain, chicago, cryptocurrency, decentralized, digital currency, foreground, ico, startup

Foreground Announces Plans to Build a Decentralized Advertising and Affiliate Marketing Solution

Bitcoin Press Release: Technology startup, Foreground, announced its plans to build a decentralized affiliate marketing and advertising solution today.

Foreground promises to simplify advertising and affiliate marketing by connecting advertisers and publishers on both the traditional internet and the rapidly growing decentralized web (Web 3.0) to an open and honest network. The network will allow advertisers and publishers to build reputations based on a verifiable, immutable ledger of payments and conversions.

“We see an opportunity to connect advertisers and publishers without the middle man,” says Rick Feiner, Founder and CEO of Foreground. “The blockchain provides a 100% accurate history of payments. We’re using that data to build a verifiable reputation for each and every advertiser and publisher that joins the Foreground network.”

Foreground enters the market at a time when the tech community is starting to realize the disintermediating effect that blockchain technology will have on digital marketing. Up to 40% of ad budgetary allocation tends to go to large networks and service providers. By leveraging technology, automation and transparency to reduce cost, Foreground is set to disrupt the industry by making it simpler, more transparent and efficient.

“The exploding ecosystem of decentralized apps is going to need a monetization solution,” continues Feiner. “The ICO market alone is $3 Billion and growing, but doesn’t yet have access to even the most basic affiliate tools. Foreground is the only solution that makes advertisements and affiliate marketing work seamlessly on the blockchain, allowing us to serve one of the fastest growing markets in the tech space.”

Foreground is building a decentralized app that includes a full suite of tools to empower advertisers and publishers, including tools for reporting, conversion attribution, and payment. The product is being built by accomplished developers and is backed by the Blockchain Incubation division of Productive Edge, a world class digital transformation consultancy based in Chicago.

More information about Foreground can be found at foreground.io.

Media Contact: Rick Feiner
Contact Name: Rick Feiner
Contact Email: contact@foreground.io
Location: Chicago, Illinois

FOREGROUND is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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Foreground Announces Plans to Build a Decentralized Advertising and Affiliate Marketing Solution

#btc, altcoin, bitcoin, bitcoin press release, blockchain, cryptocurrencies, cryptocurrency, decentralized, digital currencies, digital data interchange module, dim, dimcoin, ico, startup

DIMCOIN Announces a 10% Additional Bonus When Paying with XEM in Pre-ICO Launch

Bitcoin Press Release: Blockchain equity startup DIMCOIN to offer investors an additional 10% bonus for XEM contributions during the upcoming ICO.

June 30, 2017, Singapore – Blockchain equity startup DIMCOIN has announced the day before its Pre-ICO launch that it will be offering investors an additional 10% ICO Bonus when paying with XEM. The DIM TOKEN and DIMCOIN, inclusive of the bonus will be transferred to the sender’s XEM address after a successful payment. The DIMCOIN Pre-ICO will run from the 1st of July 2017 at 12:00 (CET) until the 15th of July at 23:59 (CET).

DIMCOIN has stated that there will be a total of six payout rounds. The first payout round will start on July 10th, second on July 20th, then July 30th, August 10th, August 20th, and the final round on August 30th. As the DIM cryptocurrency is built upon the NEM Blockchain, DIMCOIN wants to incentivize XEM coin holders to participate in the Pre-ICO with an extra 10% Bonus.

The Pre-ICO will give investors an opportunity to get involved with the project. DIMCOIN has already chosen to reward early investors a 30% bonus during the Pre-ICO, that means an investor purchasing the platform’s tokens with XEM during the Pre-ICO will receive a grand 40% bonus.

What is DIMCOIN?

The DIM blockchain-based ecosystem enables cryptocurrency stock trading and equity tokenization on computers, mobile devices or via password-encrypted paper certificates. The DIM Ecosystem also offers its users a broad range of financial products and services that allow the user to engage in a multitude of digital interactions.

The platform utilizes two different types of digital tokens, DIMCOIN, and DIM currencies. DIMCOIN is a speculative asset that can be traded against its counterparts, and DIM Currencies are crypto tokens whose value will connect to that of various fiat currencies.

The DIM TOKEN holders with more than 50 DIM TOKENS will be entitled to voting rights within the DIM ecosystem and 30% of the fee’s collected by the ecosystem. The DIM TOKEN is an opportunity to earn lifetime recurring income based on transactions.

Utilizing NEM blockchain technology, DIMCOIN is built over a unique two-tier design using node reputation, spam protection, and incentivized infrastructure through supernodes, all to ensure transparent and secure online trading and transactions. DIMCOIN aims to revolutionize the financial service industry by delivering a cutting-edge ecosystem platform of assets and services.

Learn more about DIMCOIN at – http://www.dimcoin.io/
Find DIMCOIN Whitepaper at – https://www.dimcoin.io/DIMCOIN-whitepaper.pdf
Follow DIMCOIN on Twitter at – https://twitter.com/DIMCOIN_ICO
DIMCOIN on Facebook – https://www.facebook.com/DIMCOINICO
DIMCOIN’s Instagram – https://www.instagram.com/dimcoinico_/
DIMCOIN on Telegram – https://t.me/dimcoinICO

Media Contact

Contact Name: Uros Trajkovic
Contact Email: info@dimcoin.io
Company: DIMCOIN Foundation
Location: Singapore

DIMCOIN Foundation is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to FDIC and other consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

 

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DIMCOIN Announces a 10% Additional Bonus When Paying with XEM in Pre-ICO Launch

#btc, altcoin, bitcoin, bitcoin press release, blockchain, cryptocurrencies, cryptocurrency, decentralized, digital currencies, digital data interchange module, dim, dimcoin, ico, startup

DIMCOIN, the Future of Equity on Blockchain, Proudly Announces ICO

Bitcoin Press Release: Blockchain equity startup DIMCOIN, offering a digital DIM (Data Interchange Module) Ecosystem with an array of services announces ICO dates.

June 19, 2017, Singapore – DIMCOIN has announced the dates for its upcoming pre-ICO and ICO crowdsales along with other details for participation. The crowdsale facilitates the involvement of investors in the digital ecosystem that allows individuals and businesses to conduct encrypted transactions (send/receive), including trading and management of company shares and assets using online wallets.

The DIM blockchain-based ecosystem enables cryptocurrency stock trading and equity tokenization on computers, mobile devices or via password-encrypted paper certificates. The DIM Ecosystem also offers its users a broad range of financial products and services that allow the user to engage in a multitude of digital interactions.

The platform is designed to make use of two different types of digital tokens; DIMCOIN and DIM Currencies. DIMCOIN, like Bitcoin and other altcoins, is a speculative asset that can be traded against its counterparts. Whereas, DIM Currencies are cryptotokens whose value will be pegged against respective fiat currencies.

The DIM TOKEN investors holding more than 50 DIM TOKENS will be entitled to some unique and exclusive privileges regarding the development of the DIM Ecosystem. These holders will be entitled to voting rights and a percentage (30%) of the fee’s collected by the ecosystem. The DIM TOKEN is an opportunity to earn lifetime recurring income based on transactions.

DIMCOIN is built using NEM blockchain technology, which offers a unique two-tier design using node reputation, spam protection, and incentivized infrastructure through supernodes, all to ensure transparent and secure online trading and transactions. With NEM as a foundation, DIMCOIN will revolutionize the industry of financial services and deliver a state-of-the-art ecosystem platform for assets and services.

DIMCOIN ICO

DIMCOIN has announced that it will host a pre-ICO from the 1st of July 2017 at 12:00 CET until the 15th of July at 23:59 CET. It will give early investors the opportunity to get involved with the project. DIMCOIN has chosen to reward early investors a 30% bonus during the pre-ICO. Every 100 DIMCOIN purchased during the pre-ICO will receive 1 DIM TOKEN and 30 DIMCOINS BONUS. The pre-ICO price will be 100 DIMCOIN per $1.00 USD.

The official ICO will run from the 16th of July at 00:00 CET until the 27th of August at 23:59 CET. The platform has announced a maximum cap of 10 million DIM TOKEN, and 1 billion DIMCOIN, which can be purchased during the ICO campaign.

The bonuses offered during the ICO will gradually decrease after the Pre-ICO starts in the 1st of July, 2017. During the Pre-ICO(1 July – 15 July), 30% bonuses will be offered for purchased DIM Tokens. Phase 1 of the ICO(16 July – 29 July) will have 20% bonuses. Phase 2(20 July – 12 August) will have 15% bonuses. Phase 3(13 August – 19 August) will have 10% bonuses. Phase 4(20 August – 27 August), the last week of the ICO, will have 5% bonuses.

Once the first fundraising goal of $10 million is reached, the price will switch from the fixed $0.01 per DIMCOIN to a dynamic price offer ranging from $0.02 and $0.12 until the next target of $30 million. At 30 million, the price of DIMCOIN will be fixed at $0.12 per DIMCOIN until all tokens are purchased. Soon after the ICO, the cryptocurrency will be listed on major exchange platforms, kicking off trading sometime during the beginning of Q4 2017.

Learn more about DIMCOIN at – http://www.dimcoin.io/
Follow DIMCOIN on Twitter at – https://twitter.com/DIMCOIN_ICO
DIMCOIN on Facebook – https://www.facebook.com/DIMCOINICO
DIMCOIN’s Instagram – https://www.instagram.com/dimcoinico_

Media Contact

Contact Name: Uros Trajkovic
Contact Email: info@dimcoin.io
Company: Dimcoin Foundation
Location: Singapore

Dimcoin Foundation is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to FDIC and other consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

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Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 5 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information.

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Source: PR
DIMCOIN, the Future of Equity on Blockchain, Proudly Announces ICO

#btc, bitcoin, bitcoin press release, blockchain, crowdsale, cryptocurrencies, cryptocurrency, decentralized, digital currency, startup, viva, vivaconomy

Blockchain Startup VIVA Officially Launches the VIVAconomy, Announce Crowdsale

Bitcoin Press Release: New cryptocurrency startup, VIVA has officially announced its blockchain-based digital currency economy — VIVAconomy accompanied by VIVA Crown ICO.

May 8, 2017, Cheyenne, USA – Blockchain startup VIVA, has announced the launch of its digital currency economy and ICO crowdsale. The platform is built around the digital currency VIVA COIN with a primary focus on stability achieved by its three-tiered framework. The platform will be running the ICO/crowdsale of its VIVA Crown digital assets over a period of three weeks. In the duration, the platform will make 6500 elite VIVA Crowns available to investors. Holders of this unique VIVA Crown will receive a license to operate a VIVA Mint generating VIVA Coins and contribute in making key decisions in the VIVAconomy for the whole community’s benefit.

VIVA’s Blockchain platform’s three-tiered, economically stabilized digital currency framework incorporates innovative technologies that not only eliminate the extreme volatility that plagues other digital currencies but also has the potential to provide long-term stable recurring income for all participants.

Unlike other cryptocurrency projects, owning VIVA Crowns confers significant powers to the holders within VIVAconomy, including a license to operate a VIVA Mint. Every quarter each Crown Holder is assigned a “Treasury Right”, enabling them to mint an agreed upon quantity of VIVA Coins.

The rights conferred by owning a VIVA Crown can also be sold to a mint based on the wishes of the holder. In addition, the platform also sets aside a portion of VIVA Coins generated by transactions within the VIVAconomy for worthy causes. These Award Rights are also decided by the VIVA Crown Holders.

Each VIVA Crown Holder is also entitled to one vote regardless of the number of Crowns they may possess. These votes are invoked while making important decisions that influence the VIVAconomy. Thus, ensuring that every Crown token holder has an equal influence on the platform’s progress.

Dawn Parker-Waites, CEO of VIVA explains the VIVAconomy by saying,

“The VIVAconomy harnesses the cumulative power of all the transactions that occur in the system and reinvests them in the long-term future of everyone involved. Instead of inflating corporate balance sheets, we aim to provide financial stability for individual human beings. Thanks to our cutting-edge technology, there’s no longer a need to pay financiers for keeping track of transactions that can easily be handled on the blockchain at a fraction of the cost.”

In the VIVAconomy, a VIVA Crown is a software license that allows the Crown holder to participate in the economy’s decision-making process. From a business perspective, owning a VIVA Crown allows an individual to offset infrastructure costs by leveraging the economic energy that would otherwise feed banks and government. Similarly, from a legal standpoint, VIVA Crowns are in fact a software license required to run a mint in the VIVAconomy, making it an indispensable asset whose value is bound to appreciate with time.

When asked about the ICO, Parker-Waites added,

“It is, however important for people to understand that the project is just getting off the ground. The ICO is predominantly to raise funds so we can hire more developers. At the moment, the best way into or out of the VIVAconomy is through TradeQwik.com, or via bitShares since we have an asset and gateway there now as well. People can also use the two VIVA ATMs that have been operating in Mexico for over a year. We’re in this for the long haul, but there is still lots of work to be done. This opportunity is for people interested in getting in on the ground floor.”

Unlike the commonly used Proof of Work (PoW) or Proof of Stake (PoS), VIVA makes use of a concept called Proof of Authority (PoA). The Proof of Authority system supports instant transactions and seamless consensus. Proof of Authority disposes of certain egalitarian notions involved in weaker consensus models and replaces them with cryptographic signature proofs and business contracts enforced and backed by the network.

The VIVA Coin team’s decision to move away from widely used Proof of Stake to Proof of Authority consensus is influenced by its intention to overcome certain disadvantages of the former algorithm.

“While Proof of Stake might have certain advantages, it is not a panacea. The problem is that there is no guarantee that the validator with the highest collateral deposited for a block is going to operate the network in its best interests. In fact, Proof of Stake coins are plagued with issues because rational people tend to act in their own self-interest. PoS works only because the best interests of the largest stakeholders usually do align with those of the network. In the case of a disagreement, however, the largest stakeholder might assume the role of the supreme commander.”

The total number of VIVA Crowns are capped at 42,000, mined at the rate of one Crown per week following the conclusion of the ICO. Through the crowdsale, VIVA is in the process of raising funds required to expand its team of developers to ensure rapid development of the entire VIVA ecosystem. VIVA has lined up a series of enterprise-class business applications built on its technology which will be released soon.

By bringing more and more real world solutions into the ecosystem, the company will continue to improve the financial future of all participants. The beauty of VIVAconomy is that every VIVA plays a role in the economic growth of the community.

VIVA Coin ICO

To get started in the VIVAconomy, participants can go to the platform’s ICO page and follow the simple instructions. Supported currencies include Bitcoin (BTC), LiteCoin (LTC), Ethereum (ETH), Steem Backed Dollars (SBD), STEEM (STEEM), USD, GOLOS (GOLOS), Mexican Pesos (MXN) and WANGCHANGE (XWANG). VIVA intends to extend support to other currencies and will update the page as and when they are added.

For detailed information on how the VIVAconomy works, readers should visit www.vivaco.in and download the project’s whitepaper.

Media requests should be directed to Dennis Lewis by email at dhlewis@vivaco.in, and of course, please feel free to visit chat.vivaco.in for a live chat.

Learn more about VIVA platform at – https://vivaco.in/
Join the VIVAconomy ICO at – https://vivaco.in/non-crypto
Buy VIVA Crowns on Tradeqwik – https://www.tradeqwik.com/
Article about ‘Proof of Authority’ here – https://cointelegraph.com/news/why-blockchain-needs-proof-of-authority-instead-of-proof-of-stake
Contact VIVA Chat on – https://chat.vivaco.in
VIVAconomy Introduction on Bitcointalk here – https://bitcointalk.org/index.php?topic=1878942.0

Media Contact

Contact Name: Dennis Lewis
Contact Email: dhlewis@vivaco.in
Location: Cheyenne, WY USA

VIVA is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

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Source: PR
Blockchain Startup VIVA Officially Launches the VIVAconomy, Announce Crowdsale