Technology evangelists have always proposed blockchain as the primary record-keeping management solution for the real estate industry. Many startups – and even governments – have announced to create public registry systems on the top of private ledgers.
Prime-Ex Perpetual, at the same time, is a Panama-based startup that has taken the applicability of blockchain in real estate to an entirely new level. While it does have plans to utilize blockchain for record-keeping purposes, Prime-Ex Perpetual also uses it to simplify the homebuying process, from start to finish.
To have an insight into the Prime-Ex Perpetual‘s seemingly innovative business model, we reached out to John Gilbert, the CEO/Co-Founder. Here are some excerpts from our conversation:
Gautham N: How would you explain the core business model of Prime-Ex Perpetual to a layman?
John Gilbert: If you’ll bear with me a minute I’ll answer this question in the best way that I know how. I realize there’s a lot of moving parts to our business model. What’s second nature to me given my career history does not always translate well to the consumer! So I’m always reminding myself of that.
I learned this early in my career when trying to explain to my father-in-law why people would choose to use a mortgage broker rather than the local bank. He loved me and we always got along great, but he was a farmer who had done business with the same banker for 20 years and just didn’t see the need for mortgage brokers who largely provided the same service that his banker already did from his point of view. So I had to figure out early on how to tell my story to guys like him because he was right. I hadn’t given him the reasons why mortgage brokers were a better choice than the local bank, I had just told him what I did and that I was better, but I hadn’t explained the reasons why.
How do I tell our story to the guy that just retired off of the Toyota assembly line? I believe that recognizing the need to communicate in ways that everyone can understand is one of the reasons why the story that we tell has gained such broad appeal in such a short amount of time.
Here’s what I tell people: We have re-vamped the second-oldest business known to man to better fit today’s human mobility. Instead of a land developer, a home builder, a real estate agency, a mortgage broker, a mortgage servicer, and a maintenance company each trying to get rich of selling their one thing to the home buyer, we’ve combined all of these layers into one efficient package and we’ve done it in a way that limits risks to the borrower like never before.
For our token holders, we’ve created a token that will experience more and more demand over time as more and more people need to use them to pay their mortgage payments, and they’ll need to purchase them from the existing token holders. Token holders will enjoy not only increasing demand against a fixed supply of tokens, they’ll also enjoy their fair distribution of 80% of the company’s profits for as long as they own the token. Everybody wins!
Denizens usually do not understand blockchain technology. How do you propose to market your model in an established real estate sector?
We are the decentralized, token-powered real estate spaceship landing in the middle of the real estate stone age. No matter where we land, our home packages combined with our Revolution Loan has no rival.
You have to consider all the things that we offer… a great home at a great price point inside of a great loan program that protects the borrower like never before.
When the package that we offer is stacked up against all the other offerings, a Prime-Ex Perpetual home package must be part of every home buyers consideration because nobody else competes with our guaranteed buyback program. Nobody else competes with our streamlined loan process. Nobody else competes with our service after the sale.
There are people waiting in line right now to pay us their 10% down to secure their home purchase, and for very good reason: there’s scarcity involved with our product. There’s a limited supply against great demand, and that’s always a great place to start any conversation about whether or not a given project is viable.
Your use of blockchain is limited to powering tokenized assets. Do you plan to create a blockchain-powered public registry for real estate, anytime in the future?
We foresee multiple uses for blockchain integration in our business model. Much of that will have to be created by us in the form of data retention. For example, we plan on eventually harvesting blockchain technology to keep real-time data on our houses down to the sizes of the plumbing fixtures on the walls and what brand name and color code the interior paint is.
This type of data will be of great use to the community as a whole, as sales data will be available to banks and appraisers, in some cases for the very first time. This will serve to bring up the overall real estate value for everyone.
We always have our eye on increasing efficiency because of the concept of a penny saved is a penny earned. Blockchain will play a vital role in the future of increasing our efficiency but that’s going to be more along the lines of the Phase 2 part of our concept. Phase 1 is proof of concept, and Phase 2 will be developing increased efficiencies while we increase our geographic footprint.
Government integration of blockchain technology could happen as fast as Phase 2 or could play a vital role in Phase 3. Largely it would depend on how receptive a given government is to lead from the front, but we would stand ready to help them understand how blockchain technology is beneficial for all if they prove to be receptive.
Most important: What are the legal complications of running a tokenized real estate business in Panama?
We’ve put a lot of time, effort and money into this very issue. One of the first things that we did was structure our company in such a way as to mitigate both legal exposures as well as the bureaucratic risk that we would face by entering into the cryptocurrency environment. For this reason, we’ve chosen to disallow participation in the ICO from Panamanian citizens. This line of thinking is just smart business planning.
It’s the main reason that we’ve chosen to disallow citizens in the United States from participating as well. While we would have loved participation from U.S. citizens, the risk that we would face from the U.S. Securities and Exchange Commission could not be mitigated, so we simply had to exclude them from participation.
The Republic of Panama is actually a great place to do exactly what we intend to do regarding our tokenized real estate business by allowing for-profit businesses to be owned inside of a Foundation structure, which is exactly how we’ve set up the Prime-Ex Perpetual project. There are many reasons for this. Know that we’ve meticulously thought through them all.
We are fully compliant with all of the laws of the Republic of Panama. We could have incorporated anywhere in the world and still performed the exact same real estate business that we intend to do in Panama. Structuring in Panama made the most sense for us and made the most sense for our Token Holders.
What are your plans for the future?
While most of the specifics remain proprietary, in general, we will most likely expand first into expat havens in Central and South America, and then increase our reach into North America and Europe. There are a couple of scenarios that could factor into play that would accelerate our reach into North America and/or Europe before other Central American or South American countries, but by and large it seems like a Central American play in neighboring Costa Rica or a South American play in neighboring Colombia would be a logical second step.
Regardless of the geographical footprint, we will take advantage of opportunities that present themselves to increase our boundaries and territories while increasing our capacity to build, sell, mortgage, and service our own fleet of residential homes. This will be accomplished by partnering with large-scale builders that see the benefit of replacing their interest rate risk with the Prime-Ex Perpetual model of equity participation in a residential package that knows no rival. Our growth potential is worldwide, limited only by a given locale’s ability to properly title property and a given country’s capacity to meet or exceed basic supply chain minimums.
Meet TABOO, the unique token that gives reward for every transaction
TABOO is a community-led project with absolute rug proof security, allowing all participants to participate in a completely secure ecosystem with a fully locked liquidity pool. They give a portion of each purchase to their faithful holders as a gift. With each transaction, your TABOO tokens will rise!
TABOO holders passively earn tokens by static incentives with a set 5% tax that is allocated to their holders’ ‘TABOO is a deflationary MEME token with a 7% transaction tax. 2 percent is indefinitely burnt from the stock, implying that the quantity of token in nature is still decreasing, making this token more difficult to obtain, raising the token’s price. 5 percent is allocated to all of our holders, implying that the number of tokens in your wallet is constantly increasing!
Team Tokens are secured by a DX auction, and liquidity is secured, providing our investors with complete security.
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TABOO’s staff understands that the fundamentals of a good coin must be MARKETING! They need a crowd whose values are shared, and there is no question that as a group, they will push this coin well beyond the $100 million market cap in no time.
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How to buy TABOO
To buy TABOO, you must first own some BNB and transfer it to your wallet. TABOO can then be obtained via PancakeSwap.
SEND BNB TO WALLET
1. Login to your binance.com account. select wallet and click “overview”.
2. In your wallet overview, click “withdraw”.
3. Once you’re in the withdrawal menu, select bnb, enter the withdrawal address (obtained from metamask), select binance smart chain as the transfer network, and enter the amount you want to withdraw.
4. After selecting binance smart chain as the transfer network, a pop-up screen will appear. select “I understand”.
5. The next steps are the same as with any other withdrawal. A confirmation screen will appear to inform you about the conversion rate, fees, and to allow you to review the transaction details once again.
6. Once confirmed, you’ll be asked to enter your verification code to approve the withdrawal.
Your transaction will be processed shortly. The funds should appear in your metamask wallet balance (under smart chain) within a few minutes after you receive the withdrawal confirmation email.
BUY TABOO ON PANCAKESWAP
1. Access to www.taboo.community
2. Buy Taboo on pancakeswap
Join TABOO on Telegram
ARNO Token is a Real Nano Technology Project for Investment
Today, it is vital for businesses to cut and stabilize costs as much as possible. For industrial systems and processes, energy conservation is becoming a top priority. Art Nano (ARNO) is focused on integrating the use of carbon nanotechnology for energy storage and battery improvement technologies at a time when natural and non-renewable resources are rapidly depleting. Aside from depleting resources, energy storage is a significant concern, as the majority of losses occur during storage and transformation. ARNO has created carbon-based products that, when combined with current battery technology, can provide significant energy savings. The business has prioritized expansion and the creation of a decentralized and efficient distribution system that includes defi integration.
ARNO token project is quickly gaining traction as a promising investment opportunity. This initiative is a focused endeavour to finance the implementation of a scientifically sound, cutting-edge technology into long-standing supply chains in order to update existing and outdated systems that haven’t yet lost their utility. The ARNO token is heavily used in the project’s economic framework, and it serves as the centre of gravity for the entire ecosystem. Also, the most widely used cryptocurrencies, such as Bitcoin and Ethereum, would be excluded. In the project and all of its elements, only ARNO will be used. It’s a high-liquidity project that takes place in the real world.
ARNO token has done its utmost to ensure that the actual state of affairs in the project corresponds to the roadmap and preparation that was done at the outset in order to fulfil the obligations to all the partners. The project is on route to meet its deadline and is on track to achieve its target. The truth is becoming more apparent every day as a result of recent events.
ARNO Joins Forces With The German Patent Office
ARNO has signed a memorandum of understanding with the German Agency for the Protection of Rights and Intellectual Property. It is this entity that will represent the entire project’s interests in matters such as patent filings, trademark registrations, and so on. This is a watershed moment for ARNO, the up-and-coming secondary power solution provider using Defi and Nanotechnology.
The incorporation of a German trademark would include much-needed intellectual property registration, enabling them to move forward with the mass production of their carbon nanotubes, which could be combined with existing battery technology. Furthermore, in the future, they will be responsible for filing patent applications, as well as their registration and receipt, trademarks, and intellectual property in general.
Integrated PayPal Payment Option
In the field of partner fees, there have been several improvements. The PayPal-based payment acceptance system is fully operational after almost three weeks of adjustment and clarification of the complexities, which we consider to be a significant accomplishment. This platform now has the PayPal payment option, allowing customers to buy and sell the native token, ARNO token, with ease. Provided that it would work with defi, this would also help them simplify the payment process.
Successful negotiations with Monbat Groups
ARNO is also looking for potential future partners, such as lead-acid battery suppliers, as well as partnering with the Bulgarian government to secure space for the project’s laboratory and production base. In Bulgaria, a management company has already been established to oversee the project’s implementation throughout the European Union’s territory.
Furthermore, in Bulgaria, talks with the Monbat group of companies, one of the largest European manufacturers and distributors of lead-acid batteries, have been fruitful over the last two weeks. An agreement was reached on our project, receiving a portion of the shares in a joint venture for the development of carbon nanomaterials produced by our company at specially designated sites in Bulgaria and the incorporation of technologies developed by us into the final product’s production process.
Samples of the carbon nanomaterials have already been sent for testing, and models of batteries will be manufactured specifically for this project in the near future, with testing of working samples beginning at the factory according to agreed international standards. In addition, the produced samples will be sent to our laboratory for a thorough examination. Furthermore, talks with the Advanced Research and Technologies company are underway to begin designing installations – reactors for the serial processing of carbon nanomaterials that will be used – as well as developing design estimates. This contract is expected to close soon as well.
ARNO is, without a doubt, the future of authentic nanotechnology projects that are ideal for investment. It’s a project with a lot of liquidity that occurs in the real world. The project has already gained traction, and deals are being closed on a regular basis. ARNO Token investments are investments in the high-tech manufacturing of truly essential goods. The project’s benefit is ensured by access to the accumulated funds and the physical development of the project’s capitalization value. ARNO’s promises are becoming a reality with each passing day.
Stay Updated, Follow ARNO on :
How One Crypto Player’s Winnings have Reached $275k at CryptoSlots in Two Years
Ever wonder if players really do get lucky from crypto casinos? Maybe not all, but we found one CryptoSlots casino player whose winnings have added up to a substantial $275k in wins in just two years of playing ($276,200 to be exact). David C is from California, and wisely started investing in Bitcoin in 2016 – in 2018 he decided to play at Bitcoin casinos with some of his savings, and the rest is history. Read our interview with him below.
Bonus code COINAD100 is valid for 100% match on deposits $25 – $500 until Dec 31st, 2020.
Do you have a strategy?
I only put in what I got out of crypto investing, I don’t play for hours on end – you have to be smart. I won a few thousand on the Jackpot game early on, got a huge win on Olympus High Limit version at one point. With bigger wins I like that I always set the money aside. Quit when you’re ahead.
But a lot of it as learning how the games work. I count the medium wins rather than hold out for bigger ones. And, at CryptoSlots, save up Jackpot Tokens and then play Jackpot Trigger for longer all in one go.
Have you always played online?
I’ve played slots online a lot before – only been to two actual casinos in my life to be honest with you. You have more control over what you’re doing when you’re online.
What do you like about playing with Bitcoin?
When playing at btc casinos, I don’t have to get my bank involved or wait for payments to come through – I know exactly where my money is at all times.
Last but not least, what do you spend your winnings on?
Well some of it goes back into playing, some I keep in crypto, some I spend. Last year we did a trip around Asia. We went jungle trekking in Malaysia, I got my diving certificate in Indonesia, stayed a few days in Singapore. It was out of this world, such a vacation. We were planning on heading to Norway this winter to see the Northern Lights but, unfortunately, that will have to wait thanks to this coronavirus.
When asked about his favorites among Cryptoslots’ Provably Fair casino games, David said he largely alternates between the slots to diversify his crypto bets. So we took a look at his top ten games over the last six months and analyzed his payback ratio on each:
Interestingly, the High Limit games seem at a glance to be most volatile – offering the lowest payback ratio (Vegas Vibes High Limit at 72.5%) and the highest (Blazing Wilds High Limit at 179.1%). His standard video slot play produced more reliable wins but less chance of huge paybacks (e.g. Coin Rush at 105.8% and Vegas Twin at 99%).
Of course, it all depends on how much is bet and for how long the game is played. David bet the least on both Jacks or Better and Pyramid Plunder High Limit – maybe his inclinations warned him that luck was lurking elsewhere, maybe he quit too soon and longer gameplay would have increased his payback ratio! A significant win can make the world of difference.
We always ask our players if they believe in luck, and just like David, most of them tell us it depends on the day. For now, it seems his strategies are literally paying off.
If you’re fan of bitcoin casino games, check out Cryptoslots and take advantage of the 100% match using bonus code OURBTCNOV now.
Celsius contributes the last 25,000 ETH to launch Ethereum 2.0
Celsius, the industry-leading cryptocurrency rewards-earning platform, announced today that it has provided 25,000 ETH to the Ethereum 2.0 platform, giving it enough funds to meet its goal and launch on time. The contribution represents Celsius’s larger belief and support for Ethereum and the future of crypto.
“When Celsius first launched, we looked to Etherum to learn how to create a thriving, robust community,” said Alex Mashinsky, CEO of Celsius. “We built our CEL token on the Ethereum blockchain and used it to scale and become one of the fastest-growing companies in crypto. We are proud to inaugurate the Ethereum 2.0 Genesis and contribute the last building block with 25,000 ETH from the Celsius community and be a helping hand to a company that helped us scale our own project.”
The 25,000 ETH contributed from Celsius to Ethereum 2.0 are from Celsius’s pool of community assets and will be used to generate even higher yield for the community through Ethereum’s advanced blockchain platform. Celsius users can earn up to 7.21% APY on ETH held in the Celsius wallet, and earn rates from 3-15% APY on over 40 additional cryptocurrencies. Celsius also provides 1% APR loans with no origination fees to ETH holders and other asset users.
Celsius helps hundreds of thousands of consumers worldwide to find the path towards financial independence through a high compounding reward income wallet and low-cost loans accessible via a mobile app. Built on the belief that financial services should only do what is in the best interests of the depositor community, Celsius is a Blockchain-based fee-free platform where membership provides access to curated financial services that are not available through traditional financial institutions. For additional information please visit www.celsius.network
Total Network Services Corp. Closes Series A Security Token Offering
Total Network Services, Corp., a San Diego-based blockchain services company (“TNS” or the “Company”), today announced the close of a Series A round of security tokens. Deal Box Inc., a San Diego-based capital advisory and financial technology firm (“Deal Box”) structured the security token issuance and provided marketing support throughout the offering process.
TNS further announced that it intends to commence a follow-on Series B security token offering (the “Offering”) for up to $25 million. The Offering, which will begin in November, has been set at $1.00 per token with a minimum investment of $25,000, and will be promoted on the Deal Box dlbx.io marketplace.
The Offering will be made solely to accredited investors under Rule 506(c) of Regulation D promulgated by the Securities and Exchange Commission under the Securities Act of 1933, as amended (“Securities Act”). TNS has engaged Vertalo to manage its KYC/AML integration, tokenization and transfer agent service and, on close of the Series B offering, it intends to list on the Tezos XTZ Chain.
TNS intends to use proceeds from the sale of TNS tokens to complete the acquisition of key technology that to date, it has had the exclusive worldwide rights to market under the Digital Names ™ brand, in addition to global OTT network and related assets and intellectual property (“Acquired Assets”).
Thomas Carter, CEO of TNS, stated that “we are excited to have secured the rights to the technology we have been working so hard to develop and commercialize under a marketing agreement. In addition, the proceeds from this planned offering will provide capital that will enable us to launch a worldwide marketing campaign to promote Digital Names and our related service offerings.”
In addition, TNS intends to remain opportunistic in identifying complementary technologies as potential acquisition candidates that will enable it to broaden its solution set and accelerate its growth plan.
LH-Crypto – Margin Trading with Cryptocurrencies
In 2018, LH-Crypto has become one of the most successful projects in the crypto industry. The crypto community was particularly attracted to the hi-tech start-up’s ICO for its concept of the first-ever full-scale crypto broker. The idea worked out well, so two years later LH-Crypto continues amazing its investors and clients with the pace of its development and the high quality of its services.
LH-Crypto company was among the first to create a platform for investing cryptocurrencies, thus developing the whole industry. The experience that this professional team had accumulated helped them create a range of investment products for crypto owners which were a breakthrough for this trading subindustry.
LH-Crypto broker was the first one to give people an opportunity to trade crypto with leverage and invest it into the most conservative financial assets like stocks and precious metals.
LH-Crypto gives everyone access to trading
An important part of LH-Crypto services is that they are easy to access for traders of all levels and capacities. One can start trading with as little as 10 Euro on his or her deposit. Clients with over 10000 Euro on their accounts receive advanced conditions for trading and withdrawal.
More than that, the company maintains the main principle of the crypto market – anonymity. Whenever one opens an account in crypto, be it Bitcoin, Ethereum, Tether or other, it can be used with no special verification. This option, however, is not applied to the accounts denominated in Euro, for most of the payment systems are very strict about the rules for fiat currency transactions.
LH-Crypto provides high-quality operations thanks to the most cutting-edge trading platform. Clients’ orders are processed instantly, with no slippage and for the best market prices. The trading platform algorithms pick the best leverage level for each deposit, from 1:2 to 1:500 that helps eliminate unnecessary risks for every trading strategy.
Trading assets for everyone
The list of trading assets in LH-Crypto includes assets of both investing and speculative natures: cryptocurrency pairs, fiat currency pairs, mixed currency pairs, precious metals, commodities, stocks, indices – more than 240 listed assets.
Forex and crypto markets work round the clock, so it is possible to trade any time joining different trading sessions in different exchanges. Apart from that, iOS and Android-based mobile apps enable traders to follow the market and make orders wherever they are.
Automated deposit and withdrawal
Withdrawal from LH-Crypto account is just as easy as depositing funds. These procedures are performed both in the Client Area and in the trading terminal, so every operation can be made by just clicking several buttons.
Special offers and bonus programmes
Motivating offers are a crucial part of working with customers, so LH-Crypto regularly replenishes its clients’ accounts with trading bonuses and offers other trading privileges.
LH-Crypto takes special interest in enlarging its footprint, so the company readily partners with other projects and individuals both online and offline. The broker’s partnership programmes are famous for their high payouts, sparing requirements to the partners, and user-friendly support at all stages.
Digital commodities exchange Emirex introduces Bitcoin SV trading pairs
Emirex, the Dubai-based digital commodities exchange, today announces that it has officially introduced support for Bitcoin SV [BSV] on its platform. With immediate effect, BSV/USDT and BSV/EUR trading pairs are listed and available for use. Emirex will also introduce a BSV/AED trading pair at a later date, which will be the first direct BSV/AED pair available in the market.
Demand for Bitcoin SV continues to climb globally, as the utility of its massively scaling blockchain drives growth across its ecosystem of applications and services, in addition to functioning as a popular payments rail due to its fast transaction times and very low transaction fees (sending a Bitcoin SV payment costs only 1/100 of a U.S. cent).
While strategically based out of the Middle East, the Emirex platform is truly global, offering investors and traders alike an easy avenue to acquire and trade digital commodities – including Bitcoin SV – within a regulatory compliant environment. Customers can fund their accounts using Visa, Mastercard, and Maestro, in addition to EUR SEPA transfer. USD, EUR and AED options via SWIFT transfer will also be available soon.
Speaking on the introduction of Bitcoin SV, Emirex CEO Grigory Rybalchenko, commented:
“Our cooperation with new projects is of high importance for our business performance. Today, we welcome the engagement with Bitcoin SV. It is a great pleasure for us to list such a promising project and we are looking forward to a long-term cooperation. The Emirex team will provide high-quality service and constant support to the BSV community in order to provide a better trading experience.”
Welcoming today’s announcement, Jimmy Nguyen, Founding President of Bitcoin Association – the global industry organisation which works to advance business on the Bitcoin SV blockchain – said:
“As demand for Bitcoin SV grows around the globe, the introduction of new trading pairs on the Emirex exchange facilitates another fiat onramp for those active in our ecosystem to buy and sell BSV. Emirex has an exciting roadmap forward with expansion planned through the Middle East, Africa and Europe – a journey that we are delighted Bitcoin SV will be a part of.”
VirgoX Lists Canadian Dollar Stablecoin QCAD, Aiming to Establish a World Stablecoin Trading Center
VirgoX announced that it will be partnering with Toronto based firm Canada Stablecorp to list QCAD, the first major Canadian dollar stablecoin on their exchange. Starting today QCAD will be available to buy, sell and trade on the VirgoX exchange platform. Initially, VirgoX will be offering QCAD as a trading pair to USDT but has plans to expand that to other major stablecoins including ones denominated in Asian currencies in the second half of 2020.
“VirgoX has a strong commitment to build the world’s first stablecoin trading center. It actively looks for stablecoin projects across different stages that are well-designed and likely to be adopted by global users both within and outside of the digital asset space. QCAD is the most promising Canadian dollar stablecoin that is backed by a team of experienced capital market professionals in Canada. It is our pleasure to work with the QCAD team and excited to be the first international exchange that lists and promotes QCAD. ” -Adam Cai, CEO of VirgoX.
This will be Canada Stablecorp’s first major international exchange integration and the launch of their first US dollar stablecoin trading pair. This integration with VirgoX will help to accelerate QCAD adoption internationally, enabling it to be the tool-of-choice to move funds in and out of Canada in a more efficient way.
“Canada Stablecorp is thrilled to bring QCAD onto the Virgo X platform as we truly believe in the promise and potential of establishing a venue to trade stablecoins against each other. This listing will provide the first major crypto native exchange rail between a Canadian Dollar Stablecoin (QCAD) and a US Dollar Stablecoin (USDT), a use case that we are very excited to be unlocking. The fiat FX market is the largest financial market in the world with over $5 Trillion traded daily. If we can help digitize and execute even a small percentage of that with Stablecoins, we would be helping and adding value to a significant number of companies and individuals.” – Jean Desgagne, CEO of Stablecorp
Over the last two years, stablecoins have seen a 415% gain in market capitalization, growing from $2.6 Billion in May of 2018 to over $10.8 Billion at the present day, according to CoinMetrics. This year the appetite for stablecoins has resulted in an additional $4 Billion added to the total market capitalization between February and May.
VirgoX will accelerate the establishment of a world Stablecoin trading center by launching a series of well-designed Stablecoins and incubate Stablecoin projects from early stages. With its complete ecosystem ranging from spot & contract trading, lending, global payments & remittance, traders can experience a full-functioning Stablecoin trading platform. VirgoX will launch more innovative products, such as Stablecoins empowered FX pairs, meeting the present needs of users and anticipating future demands.
Sylo announces top-tier exchange listing for SYLO Token
Global software development house Sylo announced today the listing of their SYLO cryptocurrency token on major global exchange KuCoin. The SYLO token is available for public trading on the KuCoin platform effective immediately.
The release of the SYLO token has been a much-awaited next step from the creators of the Sylo Network, Sylo Protocol and next-generation decentralised app, the Sylo Smart Wallet. The successful release of the SYLO token is now just the latest in a string of authenticating milestones for the company.
“This is a very exciting time for our team and all our partners, collaborators and stakeholders around the world. This event has been a long time in the making and adds to a series of awesome developments we’ve seen here at Sylo over the past half a year,” says Dorian Johannink, Sylo Co-Founder and Business Director.
A utility token, SYLO, is an ERC20-compatible cryptocurrency token that fuels the Sylo Network. SYLO tokens are used on the network for a range of purposes, such as to allow users to become Service Peers or to access additional services available in the Sylo Smart Wallet.
A key zone of application for the SYLO token, the Sylo Smart Wallet is the New Zealand-based technology studio’s game-changing app that combines a digital wallet with a decentralised private messenger.
Released in global app stores just six months ago, the popularity of the Sylo Smart Wallet has been successfully climbing since its launch and the app now boasts over 200,000 users.
In the Sylo Smart Wallet, users can connect from the safety of a wallet address, send and receive digital assets in chat, make audio and video calls, and store Bitcoin or any ERC-20 compatible token, such as SYLO or Ethereum, in a non-custodial wallet.
Known as “The People’s Exchange”, KuCoin is a global cryptocurrency exchange with millions of users across more than 100 countries. Renowned for their human-centric motivation for Web3.0 and “user-first” approach to software development, the choice for Sylo to list their namesake token on KuCoin is a meeting of like minds.
Crypto.com Exchange Features ETH on The Syndicate Lite
Crypto.com is pleased to announce the listing of Ethereum (ETH) on The Syndicate Lite platform. All Crypto.com token (CRO) token stakers will be able to participate in a discounted sale event for 250,000 USD worth of ETH at 25% off. The listing event will commence on Tuesday, 14 April 2020 on the Crypto.com Exchange.
Syndicate Lite Allocation: Each participant’s maximum amount of CRO that can be applied towards the listing event will depend on the amount of CRO Staked on the Crypto.com Exchange, as shown in the table.
Syndicate Lite Allocation Subscription:
- Crypto.com Exchange users will be able to subscribe for ETH by contributing an amount of CRO tokens not exceeding their respective maximum allocation.
- Staked CRO tokens may not be used to subscribe for ETH in this event.
Listing Event Timeline:
Syndicate Lite Allocation Distribution: Listing Event participants will receive their finalised ETH allocation at Distribution Time. If the total contributed amount for the listing event is above the total discounted allocation, each individual participant’s final ETH coin allocation will be calculated in the table.
- Crypto.com reserves the right to cancel or amend The Syndicate Lite campaign rules at its sole discretion.
- Citizens and residents of the United States, China and Hong Kong will be excluded from The Syndicate Lite campaign.
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