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  1. goodwinnat

    CrowdIF - Is this a scam or real?

    CROWDIF - Is this a scam or real? The technology behind the platform and the accuracy of price movement predictions that it can make. The immense profit potential that the platform opens up not just for the company, but most importantly for all CrowdIF-ires, that's all of YOU! These profits are not for the company alone. All CrowdIF-ires will be able to participate in programs which will allow them to earn tremendous profits. In simplest terms, the predictions of SentimentScore are become better with the quality and quantity of the data that we can analyze. To gather this data, we scour various sources on the internet but our biggest strength is the data that we get from human sources. For this purpose, we run the CrowdIF Collective Intelligence Program (The C-CIP). This is one of its kind initiative which is aimed at pooling the Collective Intelligence of Crowd and using it to predict the market sentiment and hence the direction of the market. It's the first time that anyone is doing something like this in the crypto industry. You can participate in C-CIP through a 100 USD participation fee (paid in BTC/ETH or CIF tokens). This is to ensure that only serious candidates apply. Keeping the participation free or open makes it vulnerable to spamming and abuse. Once you become a participant, you become eligible for a ton of options from where you can earn insane profits. To give you a better idea, here's a list of all the ways in which YOU too can earn through the CrowdIF platform: 1. Referral Profit The biggest power of CrowdIF platform is, of course the CROWD! The more people use the platform, the more intelligent it becomes. The most effective method of making something viral is the word of mouth. Keeping this in mind, we will be running a referral program with possibility to make awesome profits. For every person that joins the C-CIP (CrowdIF - Collective Intelligence Program) using your referral link or the referral link of anyone in your team, you get a referral benefit. You will receive amazing 'Referral Profits' for bringing more users to the platform. It's easy to do. All you need to do is to share your referral link on your social media and other places on the internet. Here's the benefit structure: Layer/Level-1 (Your immediate referrals): 10 USD Layer-2: 5 USD Layer-3: 4USD Layer-4: 3USD Layer-5: 2 USD 2. Intelligence Profit High quality and quantity of data is the key to the best analysis. You can help CrowdIF in our data aggregation efforts and when you do so, you open another profit stream - the 'Intelligence Profit'! To earn the intelligence profit, you have to participate in the C-CIP (CrowdIF - Collective Intelligence Program). As a part of this program, you can answer some questionnaires about cryptocurrency that will appear on your user dashboard from time to time. Answering the questionnaire to the best of your ability will make you eligible for intelligence profit. As a C-CIP participant, you may expect around 10 questionnaires per month and a payout of minimum 2 to 4 USD per questionnaire. 3. Portfolio Profit Using the intelligence gathered by through the C-CIP (CrowdIF - Collective Intelligence Program), the company predicts crypto price movements and trades all across global exchanges based upon these insights to earn profits. As a company, we have decided to let our users take advantage of our technology as well. After all, it's our users who give us our superpower by sharing their intelligence with us. CrowdIF can manage your trading portfolio using its revolutionary price prediction platform, for you too. You get minimum 25% return every month in the form of 'Portfolio Profit'. All you need to do is to participate in C-PIP (CrowdIF - Portfolio Income Program). 4. Portfolio Referral Profit When users in your team build their own portfolios, they start receiving their own Portfolio's profit and on YOU receive another referral benefit as a percentage of THEIR portfolio profits. For all the Portfolio Profit generated anywhere in your layer-1 team, you receive a 25% Portfolio Referral Profit (PRP). For example if a person in your layer-1 team earns 100 USD Portfolio Profit on his investment, you automatically get 25 USD Portfolio Referral Profit (PRP). 5. Distributed Mining Profits CrowdIF will also allow you to rent out your surplus CPU power on your computer and mobile phones when you're not using it to generate more profits through distributed mining of cryptocurrencies. All you need to do is to become a free user at CrowdIF and just keep a webpage open in your browser on your computer or mobile phone. Till the time this webpage is open on your device, it will use the processor for distributed cryptocurrency mining and a part of the profits will be shared with you in the form of Distributed Mining Profits (DMP). You don't need to install any special software on your computer to benefit from this program.
  2. Hello Friends, It's a very breaking news Crowdif is a great investment platform Crowdif introduce Earn page it have 5 type earning program 1) Referral profit 2)Intelligence Profit 3)Portfolio Profit 4)Portfolio Referral Profit 5)Distributed Mining Profits 1)Referral Profit -The biggest power of CrowdIF platform is, of course the CROWD! The more people use the platform, the more intelligent it becomes. The most effective method of making something viral is the word of mouth. Keeping this in mind, we will be running a referral program with possibility to make awesome profits. For every person that joins the C-CIP (CrowdIF - Collective Intelligence Program) using your referral link or the referral link of anyone in your team, you get a referral benefit. You will receive amazing 'Referral Profits' for bringing more users to the platform. It's easy to do. All you need to do is to share your referral link on your social media and other places on the internet. Here's the benefit structure: Layer/Level-1 (Your immediate referrals): 10 USD Layer-2: 5 USD Layer-3: 4USD Layer-4: 3USD Layer-5: 2 USD 2)Intelligence Profit- High quality and quantity of data is the key to the best analysis. You can help CrowdIF in our data aggregation efforts and when you do so, you open another profit stream - the 'Intelligence Profit'! To earn the intelligence profit, you have to participate in the C-CIP (CrowdIF - Collective Intelligence Program). As a part of this program, you can answer some questionnaires about cryptocurrency that will appear on your user dashboard from time to time. Answering the questionnaire to the best of your ability will make you eligible for intelligence profit. As a C-CIP participant, you may expect around 10 questionnaires per month and a payout of minimum 2 to 4 USD per questionnaire. 3)Portfolio Profit- Using the intelligence gathered by through the C-CIP (CrowdIF - Collective Intelligence Program), the company predicts crypto price movements and trades all across global exchanges based upon these insights to earn profits. As a company, we have decided to let our users take advantage of our technology as well. After all, it's our users who give us our superpower by sharing their intelligence with us. CrowdIF can manage your trading portfolio using its revolutionary price prediction platform, for you too. You get minimum 25% return every month in the form of 'Portfolio Profit'. All you need to do is to participate in C-PIP (CrowdIF - Portfolio Income Program). 4) Portfolio Referral Profit- When users in your team build their own portfolios, they start receiving their own Portfolio's profit and on YOU receive another referral benefit as a percentage of THEIR portfolio profits. For all the Portfolio Profit generated anywhere in your layer-1 team, you receive a 25% Portfolio Referral Profit (PRP). For example if a person in your layer-1 team earns 100 USD Portfolio Profit on his investment, you automatically get 25 USD Portfolio Referral Profit (PRP). 5) Distributed Mining Profits- CrowdIF will also allow you to rent out your surplus CPU power on your computer and mobile phones when you're not using it to generate more profits through distributed mining of cryptocurrencies. All you need to do is to become a free user at CrowdIF and just keep a webpage open in your browser on your computer or mobile phone. Till the time this webpage is open on your device, it will use the processor for distributed cryptocurrency mining and a part of the profits will be shared with you in the form of Distributed Mining Profits (DMP). You don't need to install any special software on your computer to benefit from this program. I have share Some origin screen shot its all real there is NO-LOCK-IN-PEROID any time you widthwrall your BTC or Money If you want Full questionnaires screen-shot Direct message me........
  3. What is CrowdIF CrowdIF is a path-breaking, first-of-its-kind cryptocurrency trading platfrom which is capable of harnessing the power of the Collective Intelligence of the Crowd and includes it in a major way in its crypto-trading strategy. CrowdIF is the only crypto trading platform which is capable of objectively gathering something as abstract as market sentiment and quantify it. We call this quantified market sentiment - The SentimentScore. This is our secret rocket fuel. As is widely known, market sentiment plays a vital role in defining the direction of crypto market movements. Capitalizing upon SentimentScore gives CrowdIF a superpower and allows it to consistently outperform market with better results than using the conventional techniques. The CrowdIF Process The Collective Intelligence of Crowd is harnessed by following a four step process 1. High Quality Data Aggregation The system aggreates huge amounts of realtime data from all across the internet using advanced crawling and scraping algorithms. We also seek help from our users in our data aggregation efforts. The users who contribute to this process are rewarded with CIFcoins 2. Realtime Sentiment Analysis We use some sophisticated cutting-edge techniques like Natural Language Processing with advanced mathematical modeling to perform realtime sentiment analysis on what's HOT and what's NOT. This analysis gives us our proprietary "Sentiment Score" which is our secret rocket fuel. 3. Accurate Price Predictions The sentiment analysis results are combined with all other market signals to make price movement predictions with unprecedented accuracy. 4. Insight based Trading Our smart trading algorithms use the insights generated above to trade 24x7 across multiple cryptocurrency markets around the globe. The CIF ICO Besides the trading engine, CrowdIF is also launching a blockchain based crypto token - The CIFcoin. The CIFcoin has the following purposes: - To function as a medium of value exchange for all transactions happening on the CrowdIF platform - To act as an index of users' portfoliCrowdIF Tutorials | How to Register CrowdIF ?o on CrowdIF platform - To reward the users who help CrowdIF in its data aggregation efforts - To reward the beneficiaries of our various other bounty programs Here are some other details about the CIF ICO: Total tokens available for ICO = 16.6 million (40% of the total supply) ICO Round 1 Token Price: 0.80$ - 1.25$ Tokens available for sale: 1,600,000 ICO Round 2 Token Price: 1.26$ - 1.50$ Tokens available for sale: 5,000,000 ICO Round 3 Token Price: 1.51$-2.00$ Tokens available for sale: 10,000,000 Minimum purchase = 70$ Soft Cap = $4,500,000 Hard Cap = $26,015,000 Token distribution For sale during ICO period - 40% Company reserve - 15% Bounty Programs - 6% ESOPs - 4% Planned slow emission over the next 10 years - 35% Fund Allocation The funds raised during the ICO will be allocated to the following purposes: Core SentimentScore Algorithm Development: 34% Advertising and Marketing: 28% Data Aggregation Technology Development: 14% Technology Infrastructure (Clusters, Servers etc.): 12% Operational Expenses:9% Other Payroll: 2% Legal:1%
  4. What is CrowdIF CrowdIF is a path-breaking, first-of-its-kind cryptocurrency trading platfrom which is capable of harnessing the power of the Collective Intelligence of the Crowd and includes it in a major way in its crypto-trading strategy. CrowdIF is the only crypto trading platform which is capable of objectively gathering something as abstract as market sentiment and quantify it. We call this quantified market sentiment - The SentimentScore. This is our secret rocket fuel. As is widely known, market sentiment plays a vital role in defining the direction of crypto market movements. Capitalizing upon SentimentScore gives CrowdIF a superpower and allows it to consistently outperform market with better results than using the conventional techniques The CrowdIF Process The Collective Intelligence of Crowd is harnessed by following a four step process 1. High Quality Data Aggregation The system aggreates huge amounts of realtime data from all across the internet using advanced crawling and scraping algorithms. We also seek help from our users in our data aggregation efforts. The users who contribute to this process are rewarded with CIFcoins,Click here for know more bounty program:- http://bit.ly/2LWef65 2. Realtime Sentiment Analysis We use some sophisticated cutting-edge techniques like Natural Language Processing with advanced mathematical modeling to perform realtime sentiment analysis on what's HOT and what's NOT. This analysis gives us our proprietary "Sentiment Score" which is our secret rocket fuel. 3. Accurate Price Predictions The sentiment analysis results are combined with all other market signals to make price movement predictions with unprecedented accuracy. 4. Insight based Trading Our smart trading algorithms use the insights generated above to trade 24x7 across multiple cryptocurrency markets around the globe. About The Project Every once in a while, an extraordinary idea is born. Something that's completely new, something that's truly unique. For such ideas to flourish, what's required is a fresh perspective; a new way of looking at things. In business terms, this is what is called disruptive innovation. CrowdIF is a fine example of this very disruptive innovation. We took up a simple question, but one with a very explosive potential : How to maximize trading profitability in cryptocurrency markets. Given how high-value this question is, a lot of smart people and companies across the world are trying to solve this challenge. The key difference, however is that instead of looking at the existing approaches, we decided to answer this question in a completely new way. Instead of asking 'HOW to trade better?' like everyone else, we decided to perform some Root Cause Analysis by asking 'WHAT decided the crypto price movements'. This question took us on an amazing journey full of new ideas and insights, the result of which is CrowdIF, Click here for know more bounty program:- http://bit.ly/2LWef65 Differences between Stock Market Trading and Crypto Trading One big mistake a lot of traders and trading companies make is using the same strategy as they use in stock markets and applying exactly the same strategy to cryptocurrency trading. Using the same old tricks over and over again to solve new problems doesn't work well. Cryptocurrency markets are fundamentally different from the stock markets for various reasons. Stake ownership in Stock Markets vs. Token Ownership in Crypto Markets Much higher volatility of Crypto markets = Higher Profit Potential but requires faster trades Diffrences in terms of asset supply and trade fluidity,Click here for know more bounty program:- http://bit.ly/2LWef65 Due to these inherent differences, the trading strategy that works well for stock markets doesn't work for cryptocurrency markets. In fact, a lot of times, trying to use the same strategy backfires badly. This is where there was a need for a fresh perspective. The Science Behind CrowdIF Click here for know more bounty program:- http://bit.ly/2LWef65 Upon careful observation of the cryptocurrency markets and price movements, it becomes amply clear that unlike stock market, investor sentiment plays a very big role in deciding the direction of the price movement for any cryptocurrency. A company's stock value is directly linked to the company's overall valuation, which in turn is a function of company fundamentals and the company's performance & products. For cryptocurrencies however, it's important to understand that the price of a particular coin is not directly linked to the valuation of the company behind it. Whereas stock markets rely more on company's performance, the crypto market is driven primarily by public sentiment. Click here for know more bounty program:- http://bit.ly/2LWef65 Therefore, we decided to tap into the very foundation of cryptocurrency price movement - Market Sentiment. At CrowdIF, we collect huge amounts of cryptocurrency related data from all possible sources all across the internet. As the next step, we implement some highly sophisticated techniques and software algorithms to perform Big Data Analytics on the collected data to discover insights pertaining to the price movement of various cryptocurrencies. On the basis of these distilled insights, we perform trades on a variety cryptocurrency exchanges across the globe to derive the highest possible profits. Click here for know more bounty program:- http://bit.ly/2LWef65 Here are some other details about the CIF ICO: Total tokens available for ICO = 16.6 million (40% of the total supply) ICO Round 1 Token Price: 0.80$ - 1.25$ Tokens available for sale: 1,600,000 ICO Round 2 Token Price: 1.26$ - 1.50$ Tokens available for sale: 5,000,000 ICO Round 3 Token Price: 1.51$-2.00$ Tokens available for sale: 10,000,000 Minimum purchase = 70$ Soft Cap = $4,500,000 Hard Cap = $26,015,000 Click here for know more bounty program:- http://bit.ly/2LWef65 Token distribution For sale during ICO period - 40% Company reserve - 15% Bounty Programs - 6% ESOPs - 4% Planned slow emission over the next 10 years - 35% Fund Allocation The funds raised during the ICO will be allocated to the following purposes: Click here for know more bounty program:- http://bit.ly/2LWef65 Core SentimentScore Algorithm Development: 34% Advertising and Marketing: 28% Data Aggregation Technology Development: 14% Technology Infrastructure (Clusters, Servers etc.): 12% Operational Expenses:9% Other Payroll: 2% Legal:1% Click here for know more bounty program:- http://bit.ly/2LWef65
  5. Hello , Let Start talking about Crowdif, What is Crowdif? CrowdIF is a path-breaking, first-of-its-kind cryptocurrency trading platfrom which is capable of harnessing the power of the Collective Intelligence of the Crowd and includes it in a major way in its crypto-trading strategy. CrowdIF is the only crypto trading platform which is capable of objectively gathering something as abstract as market sentiment and quantify it. We call this quantified market sentiment - The SentimentScore. This is our secret rocket fuel. As is widely known, market sentiment plays a vital role in defining the direction of crypto market movements. Capitalizing upon SentimentScore gives CrowdIF a superpower and allows it to consistently outperform market with better results than using the conventional techniques. What is Sentiments Analysis? As per Wikipedia, "Sentiment Analysis (sometimes known as opinion mining or emotion AI) refers to the use of natural language processing, text analysis, computational linguistics, and biometrics to systematically identify, extract, quantify, and study affective states and subjective information." In simpler words, sentiment analysis is the process of objectively quantifying something as abstract as human emotions, sentiments and attitude and making sense out of written and spoken language. Till a few years ago, it was considered impossible for the machines to be able to understand something as abstract and complex as human language and make any sense out of it. However, with some recent advances in technology and the advent of techniques like Natural Language Processing, it is now becoming possible to perform sentiment analysis with higher and higher accuracy. According to Google Trends, the word “sentiment analysis”•has been gaining steady traction over the past 5 years The magic happens when Sentiment Analysis is done at scale. Performing sentiment analysis on the huge amount of data available over the internet and various other sources gives us the access to a very valuable resource - The Overall Market Sentiment. In recent times, as more and more technology becomes available, this technique has been successfully implemented with great results in areas like Voice of the Customer, Customer feedback, brand perception, marketing etc.
  6. What is CrowdIF CrowdIF is a path-breaking, first-of-its-kind cryptocurrency trading platfrom which is capable of harnessing the power of the Collective Intelligence of the Crowd and includes it in a major way in its crypto-trading strategy. CrowdIF is the only crypto trading platform which is capable of objectively gathering something as abstract as market sentiment and quantify it. We call this quantified market sentiment - The SentimentScore. This is our secret rocket fuel. As is widely known, market sentiment plays a vital role in defining the direction of crypto market movements. Capitalizing upon SentimentScore gives CrowdIF a superpower and allows it to consistently outperform market with better results than using the conventional techniques. Click here to join us :- https://www.crowdif.com/home/?ref=goodwinnat The CrowdIF Process The Collective Intelligence of Crowd is harnessed by following a four step process 1. High Quality Data Aggregation The system aggreates huge amounts of realtime data from all across the internet using advanced crawling and scraping algorithms. We also seek help from our users in our data aggregation efforts. The users who contribute to this process are rewarded with CIFcoins 2. Realtime Sentiment Analysis We use some sophisticated cutting-edge techniques like Natural Language Processing with advanced mathematical modeling to perform realtime sentiment analysis on what's HOT and what's NOT. This analysis gives us our proprietary "Sentiment Score" which is our secret rocket fuel. 3. Accurate Price Predictions The sentiment analysis results are combined with all other market signals to make price movement predictions with unprecedented accuracy. 4. Insight based Trading Our smart trading algorithms use the insights generated above to trade 24x7 across multiple cryptocurrency markets around the globe. The CIF ICO Besides the trading engine, CrowdIF is also launching a blockchain based crypto token - The CIFcoin. The CIFcoin has the following purposes: - To function as a medium of value exchange for all transactions happening on the CrowdIF platform - To act as an index of users' portfolio on CrowdIF platform - To reward the users who help CrowdIF in its data aggregation efforts - To reward the beneficiaries of our various other bounty programs Click here to join us :- https://www.crowdif.com/home/?ref=goodwinnat Here are some other details about the CIF ICO: Total tokens available for ICO = 16.6 million (40% of the total supply) ICO Round 1 Token Price: 0.80$ - 1.25$ Tokens available for sale: 1,600,000 ICO Round 2 Token Price: 1.26$ - 1.50$ Tokens available for sale: 5,000,000 ICO Round 3 Token Price: 1.51$-2.00$ Tokens available for sale: 10,000,000 Minimum purchase = 70$ Soft Cap = $4,500,000 Hard Cap = $26,015,000 Token distribution For sale during ICO period - 40% Company reserve - 15% Bounty Programs - 6% ESOPs - 4% Planned slow emission over the next 10 years - 35% Fund Allocation The funds raised during the ICO will be allocated to the following purposes: Core SentimentScore Algorithm Development: 34% Advertising and Marketing: 28% Data Aggregation Technology Development: 14% Technology Infrastructure (Clusters, Servers etc.): 12% Operational Expenses:9% Other Payroll: 2% Legal:1% Team -------Team Details go here --------------- Roadmap How to participate in CrowdIF ICO Simply add yourself to the whitelist at our website www.crowdIF.com Once added, you will start receiving all communication detailing the ICO purchase process. Important Links Website: www.crowdIF.com Whitepaper: www.crowdIF.com/docs/CrowdIF_Whitepaper.pdf Click here to join us :- https://www.crowdif.com/home/?ref=goodwinnat
  7. The St. Louis Federal Reserve has published an essay critically evaluating the notion of cryptocurrencies that are issued by central banks. The article is highly dismissive in presenting what it describes as “the non-case for central bank cryptocurrencies,” concluding that “a central bank will not issue cryptocurrencies in the sense of a truly decentralized and permissionless asset that allows users to remain anonymous.” St. Louis Fed Argues That Cryptocurrency Comprises Unique Monetary Form In presenting their argument, the research paper’s authors, Aleksander Berentsen and Fabian Schar, first seek to define the unique qualities of bitcoin and articulate the properties that differentiate cryptocurrencies from other monetary forms. Berentsen and Schär argue that different monetary forms are characterized by three dimensions: representation, transaction handling, and money creation. The paper asserts that “the distinguishing characteristic of cryptocurrencies is the decentralized nature of transaction handling, which enables users to remain anonymous and allows for permissionless access.” “In theory,” Berentsen and Schär assert that “a central bank could easily introduce a central bank cryptocurrency.” It is proposed that central banks “could attach additional value components to fractions of existing cryptoassets, such as Bitcoin.” The authors also suggest that “Ethereum’s ERC20 or ERC223 token standards [can] be used to create new fungible tokens that are compatible with the Ethereum blockchain’s infrastructure”, or […] “Finally, a central bank can develop a brand new blockchain.” The paper poses all “approaches are fairly straightforward to implement and would allow for the issuance of a central bank cryptocurrency on a public blockchain.” Decentralization as Defining Quality of Cryptocurrency Despite the many means available through which a central bank could issue a cryptocurrency, the authors state that “the key characteristics of cryptocurrencies are a red flag for central banks. That is, no reputable central bank would have an incentive to issue an anonymous virtual currency.” The article presents several bases for the assertion that the fundamental property of cryptocurrency is at odds with the functions of central banks. Firstly, the authors argue that “The reputational risk would simply be too high,” pointing to the risk of “a hypothetical ‘Fedcoin’ used by a drug cartel to launder money or a terrorist organization to acquire weapons.” Central Bank-Issued Cryptocurrency Unrealistic Furthermore, Berentsen and Schär propose that “commercial banks would rightfully start asking why they have to follow KYC (‘know your customer’) and AML (‘anti-money laundering’) regulations, while the central bank is undermining any effects of this regulation by issuing an anonymous cryptocurrency with permissionless access,” adding that “Once we remove the decentralized nature of a cryptocurrency, not much is left of it.” The article argues that a central bank-issued cryptocurrency would comprise “virtual money that is centralized and issued monopolistically by a central bank is electronic central bank money,” concluding that “calling such a centralized form of virtual money a cryptocurrency is misleading.” Ultimately, the paper argues in favor of central banks issuing a virtual money, advocating for such to be made available to businesses and citizens. St. Louis Federal Reserve “Welcome Anonymous Cryptocurrencies” Regarding central bank cryptocurrencies, the authors conclude that “In general, we don’t think that a central bank should be in the business to satisfy the demand for anonymous payments. We believe that such a demand can and will be perfectly satisfied by the private sector, in particular through cryptocurrencies.” Berentsen and Schär add that “History and current political reality show that, on the one hand, governments can be bad actors and, on the other hand, some citizens can be bad actors. The former justifies an anonymous currency to protect citizens from bad governments, while the later calls for transparency of all payments. The reality is in between, and for that reason we welcome anonymous cryptocurrencies but also disagree with the view that the government should provide one.”
  8. Nasdaq-listed technology firm Xunlei has become the subject of multiple class-action lawsuits from investors who purchased the company’s digital token, Linktoken. Xunlei is accused of misleading investors to disguise an initial coin offering (ICO) through which Linktoken was distributed. Xunlei CEO Rejects ICO Allegations The chief executive officer of Xunlei, Chen Lei, has rejected accusations that the company misled investors in order to illegally conduct an ICO in China. Xunlei’s Linktoken was distributed to users in exchange for a contribution of idle internet bandwidth, according to South China Morning Post. Chen Lei has claimed that the Linktoken distribution did not comprise an ICO due to the company not raising any funds through the issuance of the tokens, and due to Linktoken comprising a utility token that is not allowed to be traded. “By making a public offering, really you need to use it to raise money. We have never used a coin to raise any money at all, that’s never our intention,” Mr. Lei stated. In October 2017, Linktoken was launched in conjunction with other efforts by Xunlei to enter the booming blockchain industry. Whilst the distribution of the Linktoken appears to have been the catalyst for many weeks of sharp bullish action, the value of Xunlei’s stock has more than halved since posting 500% gains and setting record highs of $25 USD in November 2017. Xunlei’s Stock Plummets Since then, the price of Xunlei’s shares had plummeted to approximately $10 by early April, prompting some U.S.-based investors to seek action against the company for allegations of giving false and/or misleading statements regarding the legitimacy of the company’s cryptocurrency-related activities between October 2017 and January 2018. Among other allegations, investors have pointed to the requirement that they purchase hardware from Xunlei in order to share bandwidth and claim the digital tokens in return. Chen Lei has refuted the allegations,Stating “We are a small capital company, so our stock price does fluctuate, but I don’t think there’s any basis for the lawsuit because we’re operating in China and it is the Chinese law and regulations that we need to observe,” adding that “the definition of [an] ICO has to be interpreted in the Chinese market.” Mr. Lei also indicated that Xunlei is currently in the process of hiring legal counsel to refute the allegations Chen Lei Claims to Support Regulatory Action Against ICOs Chen Lei also criticized initial coin offerings and advocated for greater regulatory action to be taken against such, stating “ICOs are terrible, and give a bad name to blockchain technology. Governments should clamp down on these practices – a crackdown is the only way blockchain can rebuild its reputation.” Mr. Lei added: “We have been very straight on our business practices – we do not sell tokens.” China’s National Internet Finance Association (NIFA), a self-regulatory body established by the People’s Bank of China and authorized by China’s State Council, conducted an investigation into Xunlei’s token distribution, concluding in January the company had evaded regulations through conducting an “initial miner offering.” NIFA stated “In the case of Lianke issued by Xunlei, for example, the issuing company in effect substitutes Lianke for the duty to pay back project contributors with legal tender, making it essentially a financing activity and a form of disguised ICO. In addition, with frequent promotional activities and publishing of trading tutorials, Xunlei has lured many citizens without sound discernment into IMO activities.” Xunlei Shares Bounce After Blockchain Launch Despite the controversy and ongoing class-action lawsuits, Xunlie’s stock has bounced in recent days following the company’s announcement that its “Thunderchain” blockchain platform designed to facilitate the development of decentralized applications has been launched. Xunlei’s shares (XNET) are currently trading at $13.46, after retracing from highs of $14 on the 20th of April.
  9. goodwinnat

    Forty Seven

    The mission of Forty Seven Bank is to create innovative, flexible and open Application Platform for financial technology developers, who will be able to operate under the roof of Forty Seven Bank, having access to banks infrastructure and customer base. We will give opportunity to developers with small or medium capital to create white label applications which will be able to compete with traditional banks. Our Bank as a Service (BaaS) solution will disrupt financial sector of the European Union by reducing barriers to entry the fintech market. Tools and services for external developers The featured product is a Multi-Asset Account for private customers with a tied card. Opportunity to provide Forty Seven banking services under your own brand (white label) API access that allows the development and implementation of modern financial services based on Forty Seven infrastructure and processes Holding DevDays conferences for independent developers A showcase of financial applications using Forty Seven API. Emission of tokens What is a Forty Seven Token: Forty Seven Bank Token (FSBT) is a cornerstone of Forty Seven Bank infrastructure. FSBT tokens will be demanded by partners-developers in order to be able to upload their fintech applications into Forty Seven Bank App Platform. FSBT will also be demanded by businesses in order to improve the effectiveness of financial and operational activities via smart contracts. For private customers FSBT tokens will give several benefits in using Forty Seven Bank products and services, as well as token holders will be top priority customers of the bank according to loyalty program and will get loyalty rewards on yearly basis based on performance of the bank. After the crowd-funding campaign is finished, FSBT tokens will be available for trade at various cryptocurrency exchanges. Abbreviation: FSBT. Control over emission: is provided by the system of interconnected smart contracts. Actual rate: 1 FSBT = 0.0047 ETH (including current bonus). Maximum amount of tokens to be generated: 5 555 555 FSBT (incl. bonus tokens, tokens for bounty and founders). Softcap: 3 600 ETH. Hardcap: 18 077 ETH. Accepted currencies on ICO: ETH, BTC. ICO: now – 30.04.2018.
  10. Securities investors may be able to get more exposure to the bitcoin market soon as one of the leading mining producers, Canaan, is thinking about going public. Everyday people may soon be able to mine cryptocurrency right on their smart TVs, if the company has its way Canaan Rules out IPO on Chinese Stock Exchanges? Canaan Creative Co. Ltd, the Chinese company behind the Avalon lineup of hardware equipment which produces ASIC mining chips and rigs, is reportedly considering launching an initial public offering (IPO) in Hong Kong or the US markets. The company has faced difficulties with getting its stocks listed on mainland Chinese marketplace in the past and now feels that the process in its home country is just too long. Co-chairman Jianping Kong said: “We … prefer listing outside mainland China as we are in a global business.” Canaan also claims that the harsh approach toward bitcoin taken by the government has nothing to do with its decision to look abroad. Kong added that they may later pursue a secondary listing in China by issuing depository receipts. Mining TVs Besides a potential IPO, the company which reportedly brought in over 1 billion yuan in revenues last year, has further expansion plans. N.G. Zhang, Canaan founder and CEO, revealed that he employs around 200 in Beijing and Hangzhou, mostly in R&D, and is looking to hire more. Canaan might use its chip development know-how and capabilities to create an unexpected new lineup of products. These can include home appliances such television sets that mine cryptocurrencies “while you sleep.” Other developments include chips to power artificial intelligence (AI) applications and of course new hardware for mining other cryptocurrencies such as litecoin. The manufacturer is expected to benefit from the Chinese government’s initiative to promote local technology companies to rid its economy of its dependence on foreign suppliers at a time of growing international tensions and talk of trade wars. “As an integrated circuit company, we are supported by government policies,” Kong commented.
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