Tokenomics

A manual audit of 10,000 Ethereum wallets has yielded a very bullish forecast for the leading altcoin, as it steams toward its long-awaited Ethereum 2.0 looms.

Tech entrepreneur Justin Sun will be sponsoring the shoes of Basketball star Spencer Dinwiddie this season, according to a recent Twitter post by the Brooklyn Nets guard.

Since Bitcoin’s emergence in 2009, the sheer myriad of cryptocurrencies available has continued to proliferate. While some believe this saturation is negative for the mass adoption of cryptocurrency, Bitgo’s CTO, Benedict Chan, thinks it could be good for the market. 

Hollywood actor Wesley Snipes is to tokenize a $25 million fund for investment in movie and television projects, Cointelegraph auf Deutsch reported on Monday.

In the last few days, a proposal from a member the ZCash community has sparked debate among users, developers and parties interested in the fortunes of the privacy centric cryptocurrency.

Ben Burns, Designer at 0x project, a San Francisco-based startup focused on the development of a protocol for trading crypto tokens, has published a blog post in which he revealed that an a update has been released for the 0x Launch Kit.

Samson Mow, the CEO at Pixelmatic, a Shanghai-based video game development firm, and the Chief Strategy Officer (CSO) at Blockstream, a leading blockchain and cryptoasset company, is planning to launch a security token on the Bitcoin (BTC) blockchain through a sidechain, called the Liquid network.

The SIX Swiss Exchange, Switzerland’s principal stock exchange, is reportedly developing its own stablecoin, a crypto token that will be pegged 1-to-1 with the Swiss Franc (CHF).

IFinex, Inc., the parent company which manages the operations of both its subsidiaries, Tether Ltd. and embattled crypto exchange Bitfinex, has reportedly acquired $1 billion in “hard and soft commitments” for its initial exchange offering (IEO).

Cryptoasset exchange Bitfinex has confirmed that it is planning to raise $1 billion through an initial exchange offering (IEO). Bitfinex,  has released a whitepaper, titled “Initial Exchange Offering of LEO Tokens For Use on iFinex Trading Platforms.”  

The developers of Currency.com, a Gibraltar-registered tokenized securities exchange, have reportedly decided to go public. This, after releasing and testing the beta version of the platform a few months back.  

BOLT, a cryptocurrency project that aims to become the world’s “largest mobile wallet” that is “powered by content,” is migrating to Binance Chain.  

Bancor, a Zug, Switzerland-based company focused on developing a protocol for “the creation of smart tokens” which can be traded on a “decentralized exchange service,” has launched a platform that allows for “built-in convertibility” of cryptocurrencies “directly through” smart contracts issued on the network.  

The developers of Waves (WAVES), a leading platform for creating decentralized application (dApps), have proposed “a new protocol for decentralized asset verification.”    

Hayden Adams, an Ethereum (ETH) developer and the inventor of the Uniswap Exchange Protocol, recently revealed how he established a company focused on developing open finance products.  

The developers of Ontology (ONT), a “distributed trust” network for building decentralized applications (dApps), had announced earlier that they would oversee the launch of Atlas’ initial exchange offering (IEO) on crypto trading platform, Coinsuper.    

The Enterprise Ethereum Alliance (EEA), an organization focused on “developing open, blockchain specifications” and standards that enhance “interoperability for businesses and consumers,” is working with Microsoft on an initiative that will help companies issue the appropriate type of crypto tokens for their requirements.  

Swarm, a blockchain-based development firm which provides “fee-free tokenization of assets” that generate dividends, has reportedly decided to allow financial service providers with “proper licensing” to launch security tokens on the Tron (TRX) blockchain.

Bancor, a Zug, Switzerland-based firm focused on developing a “protocol for the creation of smart tokens” which can be traded through a decentralized exchange (DEX), has published its quarterly progress report (for Q1 2019). 

Galia Benartzi, the co-founder at Bancor, the developer of a protocol which specifies “a standard for the creation of intrinsically tradable tokens,” has said that the initial coin offering (ICO) “phase … has shown us that people can [easily] create tokens.” 

Leo Cheng, the co-founder and CEO at Machi X, a marketplace for “discovery and exchange” of intellectual properties (IP) and their rights, has predicted that “every product and service that lives in the digital world, which should be most things, will be tokenized in order to interact natively and more efficiently with an increasingly digitized world.” He also told CryptoGlobe in an exclusive interviews that the future will consist of “a hybrid” of centralized and decentralized networks.  

OKEx, a leading Hong Kong-registered and Malta-operated digital asset exchange, has announced that it has reached an important milestone. Notably, it has now been more than a year since OKEx introduced its globally accessible utility token, called OKB.  

Brock Pierce, an American entrepreneur who was previously involved with the EOS project (mostly prior to its launch), has said that “we’re going to see big things being built, multiple [decentralized] applications hitting a million users.”

Loom Network (LOOM), a blockchain-based ecosystem for developing online games and social media apps, has announced that it will be supporting Binance Coin (BNB) as a payment method. According to Loom Network’s management, the BNB token will be accepted as payment across various applications on its PlasmaChain platform. 

Chris Burniske, a partner at Placeholder, a “thesis-driven” venture capital firm that is focused on investing in “decentralized information networks”, has argued that business leaders have increasingly been turning to the “relative equity-capitalized, cash-flow extracting” markets. 

New research shows a record number of crypto funds opened up in 2017, pushing the assets under management in the crypto industry to an all-time high, despite many funds closing in 2018.

RealBlocks, a blockchain-based platform for the real estate business, has completed a seed funding round led by Morgan Creek Digital, Cross Culture Ventures, Ulu Ventures, Science Inc.,  and Zelkova Ventures. According to the announcement’s press release, a $3.1 million funding round was closed after receiving investments from well-known venture capital firms. 

tZERO, a security token trading platform, has reportedly started giving its shareholders control of tokens they purchased during a public sale the company completed in August 2018. tZERO Group Inc., a subsidiary of online retailer Overstock, had informed its investors through an official company letter (sent Thursday) that they would be able to take custody of their tZERO security tokens. 

OKEx has released their third round of delisted trading pairs. This batch will remove 38 cryptocurrencies acros 49 trading pairs, bringing their total pairs removed (year-to-date) to 135.

Blockchain App Factory, a distributed ledger technology (DLT) focused firm that recently began working with security tokens, is reportedly managing three tokenized securities projects worth an estimated $225 million. Blockchain App’s management team said they’re helping three companies in the real estate sector to tokenize their assets – in order to raise funds for the projects.

Lykke, a Switzerland-based developer of a blockchain-enabled ”global marketplace for the free exchange of financial assets”, and Nxchange, a “regulated market / multilateral trading facility-licensed” Dutch securities exchange platform, have partnered to launch a Europe-based regulated tokenized securities exchange.

The Bancor Network (BNT), a “decentralized liquidity network” that allows users to easily convert between all tokens supported on its platform, has launched BancorX, a decentralized application (DApp) that can “function across blockchains.” It allows user to convert between Ethereum and EOS-based and tokens.     

KIN, the native cryptocurrency of the messaging app Kik, has been expanding the its reach, as more KIN apps launch everyday. These apps include everything from dating, business networking, productivity, and mental health.

Fabian Vogelstellar, founder of the Ethereum ERC-20 token contract standard, presented a talk on “reversible ICOs” yesterday at the Devcon4 developer conference. This token model would allow investors to reclaim their initial investment at any point during the ICO’s lifespan.

Britain’s Royal Mint, the world’s leading export mint, has suspended plans to launch its own digital gold token. According to Reuters, the plans fell through after a partnership with North American CME Group failed and the British government refused the proposal to have the tokens trade on a cryptocurrency exchange.

Long Vuong, the founder and CEO of TomoChain, a blockchain network that uses a “150-node architecture [to implement a] proof-of- stake voting (POSV)” consensus mechanism, recently said that distributed ledger technology (DLT) may not only transform the financial industry, but it also has the potential to streamline various other business processes in the tech industry.  

During the Money 20/20 conference held in Las Vegas, Novatti Group, an online payments processing platform, announced that it was planning to issue new type of utility token called Novatti AUD. According to the Australian firm, its token will be backed 1-for-1 with the Australian dollar (AUD) and will be introduced on November 19th. 

Accounting firm Ernst & Young recently published their second report about ICO’s. In the report, they found that the majority do not have a functioning product, and that most ICO tokens are trading below their initial offering price.

Circle Internet Financial Ltd, a Boston Massachusetts-based fintech firm, recently acquired equity crowdfunding company, SeedInvest, in order to make it easier for startups to raise capital with cryptocurrency. Jeremy Allaire, the co-founder and CEO at Circle, explained that the acquisition would help the company provide financial services in a future economy where “there’s going to be this tokenization of everything.”

Tony Sheng, the product lead at the Decentraland Foundation, an Ethereum-based virtual reality (VR) platform, recently published a blog post in which he clarified that cryptocurrency-based tokens are not a form of equity.

Qiao Wang, a mathematician, engineer, and trader, recently published a post on Medium titled: “Crypto Networks and the Theory of the Firm.” In his writeup, Wang noted that cryptocurrency platforms could be increasingly used to “organize economic activity” in the future.

Dr. Jerome Rousselet, the founder of Jita, a blockchain consulting firm, recently pointed out that “it is easy to take the whole Bitcoin source code, modify the project name and launch a new cryptocurrency that is 99.99 percent identical ‘under the hood’.”

Andy Bromberg, the founder and co-founder and president of CoinList, a crypto and initial coin offerings (ICO) “spin-off” of AngelList, recently told Bloomberg there is now a clearer “bifurcation” between “low-quality” blockchain projects and “high-quality” ones.

The Reserve Bank of India (RBI) is reportedly exploring the “feasibility” and “desirability” of issuing an Indian Rupee-backed (INR) central bank digital currency (CBDC). RBI’s annual report noted that using a CBDC for banking transactions could reduce the “costs of managing fiat/paper metallic money.”

The Brave browser, an open-source internet browser created by Brave Software Inc., has now been downloaded over 10 million times from Google’s Play Store. Notably, this could mean there has been a significant increase in the number of people using the privacy-oriented web browser, as it reportedly only had 3.1 million active users in July.

Demand Film, an Australian cinema-on-demand distribution company, is reportedly planning to introduce Screencreds, a new cryptocurrency that will be used to reward users who watch or share its movie trailers.

Unsponsored and unbiased research on the exciting Crowd Machine ICO. Crowd Machine is a project aimed at disrupting and enhancing the decentralized app (DApp) industry. CM plans to launch the first ever DAPP marketplace and enable developers to build and release DApps up to 45 times faster than current capabilities.

EQUI is a venture capital project that aims to democratize the world of venture capital and accredited investment and enable anyone to invest in real estate, new technology, and luxury assets that are typically available to wealthy accredited investors only.