Blockchain Asset Weekly (25 August 2017)

Gatecoin news & views

New tokens listed on Gatecoin

Gatecoin is pleased to announce support for the following projects by listing their tokens on our exchange:

  • AdEx (ADX) — a decentralized advertising exchange
  • Decentraland (MANA)* — a VR platform built on ethereum, enabling users to create, experience and monetize immersive content
  • SALT Lending (SALT)* — a blockchain asset backed lending platform

All the above tokens can be traded with BTC and ETH.

MANA and SALT tokens will be traded as IOUs until transfers are enabled in mid-September.

Gatecoin in the news

Last week our CEO explained to CNBC why Australia’s new regulatory requirements for bitcoin exchanges was a positive development for the industry. He then appeared on Bloomberg Daybreak Asia to discuss bitcoin’s recent price rally, regulation of cryptocurrency exchanges and the ICO phenomenon. Below is a video excerpt from the Bloomberg interview.

Gatecoin Sees Bitcoin at 5,000 by Year End

There ain’t no party like SegWit party!

Segregated Witness (SegWit), long heralded as a major solution to bitcoin’s scaling challenges was finally activated after months of anticipation, preparation, and contentious forks. Bitcoin Magazine has an excellent summary of what to expect following SegWit’s activation.

Gatecoin will be working to implement new services based on the enhancements to bitcoin brought about by SegWit, such as Payment Channels through the Lightning Network in the coming months.

Estonia announces an ICO?

No, this is not #fakenews or excerpts from a Cryptonomicon sequel (although that would be awesome). This is legit. Kaspar Korjus, Managing Director at Estonia’s e-Residency programme announced that the government is planning to launch its own cryptocurrency funded by an initial coin offering (ICO) to facilitate more investment into the country.

According to Ethereum creator Vitalik Buterin: “an ICO within the e-Residency ecosystem would create a strong incentive alignment between e-residents and this fund, and beyond the economic aspect makes the e-residents feel like more of a community since there are more things they can do together.”

The Estonian government has not yet confirmed whether this proposed ICO will take place and is inviting its citizens, e-residents and the global public to share their thoughts on the idea.

Upcoming token sales

Aventus (AVT)

The Aventus protocol is an event ticketing solution that aims to eliminate fraud and unregulated touting, issues which have been plaguing the live events industry for decades. Aventus is built on the ethereum blockchain and its native token AVT will serve in a variety of protocol functions ranging from staking mechanisms aimed at creating events, to denouncing fraudulent buyers and sellers on secondary markets, to simply paying for event tickets.

As more users and event organizers are onboarded, more AVT will be in use (staked), effectively reducing the market supply. The market price of AVT will thus be directly tied to the platform’s adoption.

Check out the Aventus whitepaper here.

Why we chose to work with Aventus

Aventus has been backed by Global Advisors, the world’s first bitcoin hedge fund, a company that we’ve been working with for a long time and which we highly trust. The founders of Aventus developed a practical solution to event ticketing industry issues, with sophisticated token economics and secured an impressive board of advisors to help them deliver their vision.

REAL

REAL is a real estate crowdfunding platform enabling individuals to invest in property using cryptocurrencies through legally binding smart contracts. REAL tokens are used as the platform’s native currency to perform real estate investments. Users of the REAL platform will be able to build and track a custom portfolio of real estate assets.

Read REAL’s whitepaper here.

Why we chose to work with REAL

REAL caught our interest because the founders are successful serial entrepreneurs with a solid track record and a strong network within the real estate industry. The team is not trying to build a brand new protocol from scratch, but rather trying to fill industry needs by utilizing existing technologies (ethereum). The business model is straightforward and we expect REAL to rapidly grow their user base over the next few years.

How can I participate in these upcoming token sales?

Interested parties must be willing to make a minimum contribution of ETH50. Get in touch with our token sales team at the email below to be part of these exciting projects.

tokens@gatecoin.com

Upcoming listings

Week of 28 August

  • Lampix (PIX) — a blockchain based image mining network for machine learning
  • MobileGo (MGO) — a cryptocentric mobile gaming platform
  • InvestFeed (IFT) — a cryptocurrency social network
  • 0x (ZRX) — an open protocol for decentralized exchanges built on ethereum

September

  • REAL — see above
  • Aventus (AVT) — see above

October

  • Ethereum Classic (ETC) — the original ethereum (no forks!)
  • Litecoin (LTC) — the first major altcoin, bitcoin’s “lighter” cousin

Current price and 24h volumes for selected trading pairs on Gatecoin

Weekly Blockchain Asset Performance Comparison (25 August 2017)

Trade tokens today!

Voices from our community

Blockchain Technology, Bitcoin, Ethereum, and the Explosive Growth of the Cryptocurrency Industry — a conversation on the market forces with Andrew Keys of Consensus Systems — Hidden Forces Podcast

Make Art Without Permission: How S-DTV Breaks Down Barriers for Young Artists by Thomas Esmay, SingularDTV

What we’ve been reading

Why Big Business Is Racing to Build Blockchains (Fortune Magazine)

Blockchain: Every Company is at Risk of Being Disrupted by a Trusted Version of Itself(Huffington Post)

The Economist explains: What are initial coin offerings? (The Economist)

The reality of blockchain in Australia, lots of plans but waiting for big hit (The Australian Financial Review)

Bitcoin Analysts Compete for the Highest Price Forecast (Bloomberg)

Follow Gatecoin on Twitter and subscribe to our email newsletter.

Many thanks,

The Gatecoin Team

Risk Disclaimer

Trading blockchain assets such as bitcoin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade blockchain assets you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with the trading of blockchain assets, and seek advice from a licensed financial advisor if you have any specific concerns.


Blockchain Asset Weekly (25 August 2017) was originally published in Gatecoin Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Estonia considering ‘estcoin’ ICO for e-residents

The Estonian government is considering an Initial Coin Offering (ICO) for a cryptoasset called estcoin. The resulting sale would enable “anyone to invest in a country for the first time,” explains Kaspar Korjus, the Managing Director at e-Residency.

Korjus explained that the funds could be managed through a Public Private Partnership (PPP. This would enable Estonia to invest in new technologies and innovations for the public sector, from smart contracts to Artificial Intelligence, as well as make it technically scalable to benefit more people around the world. Estonia would then serve a model for how societies of the future can be served in the digital era.