Bitcoin Group Releases New Prospectus, Delays IPO : btc

Bitcoin group releases yet another prospectus

Bitcoin group releases yet another prospectus submitted by noagendamarket to BitcoinAUS [link] [comments]

Bitcoin Group Accommodates Request From ASIC; Second IPO Prospectus Released

Bitcoin Group Accommodates Request From ASIC; Second IPO Prospectus Released submitted by btcmanagerinc to btc [link] [comments]

Bitcoin Group has released yet another prospectus

Bitcoin Group has released yet another prospectus submitted by knight222 to btc [link] [comments]

Bitcoin Group Accommodates Request From ASIC; Second IPO Prospectus Released

Bitcoin Group Accommodates Request From ASIC; Second IPO Prospectus Released submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Group Releases New Prospectus, Delays IPO

Bitcoin Group Releases New Prospectus, Delays IPO submitted by knight222 to btc [link] [comments]

Bitcoin Group has released yet another prospectus

Bitcoin Group has released yet another prospectus submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Group Releases New Prospectus, Delays IPO

Bitcoin Group Releases New Prospectus, Delays IPO submitted by vlarocca to Bitcoin [link] [comments]

Bitcoin Group Releases New Prospectus, Delays IPO

Bitcoin Group Releases New Prospectus, Delays IPO submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Group Accommodates Request From ASIC; Second IPO Prospectus Released

Bitcoin Group Accommodates Request From ASIC; Second IPO Prospectus Released submitted by acharkin to Bitcoin [link] [comments]

Your Pre Market Brief for 08/27/2020

Your Pre Market Brief for Thursday August 27th 2020

You can subscribe to the daily 4:00 AM Pre Market Brief on The Twitter Link Here . Alerts in the tweets will direct you to the daily 4:00 AM Pre Market Brief in this sub.
Morning Research and Trading Prep Tool Kit
The Ultimate Quick Resource For the Amateur Trader.
Published 3:00 AM EST / Updated as of 3:30 AM EST
-----------------------------------------------
Stock Futures:
Wednesday 08/25/2020 News and Markets Recap:
Thursday August 27th 2020 Economic Calendar (All times are Eastern)

TODAY: GDP AND UNEMPLOYMENT!!!!

ALSO PENDING HOME SALES
Overnight News Heading into Thursday August 27th 2020
(News Yet to be Traded 8:00 PM - 4:00 AM EST)
End of Day and After Hours News Heading into Thursday August 27th 2020
(News Traded 4:00 PM - 8:00 PM EST)
Offering News
Note: Seeking A url's and Reddit do not get along.
Upcoming Earnings:
-----------------------------------------------
Morning Research and Trading Prep Tool Kit
Other Useful Resources:
The Ultimate Quick Resource For the Amateur Trader.
Subscribe to This Brief and the daily 4:00 AM Pre Market Brief on The Twitter Link Here . Alerts in the tweets will direct you to the daily brief in this sub
It is up to you to judge the accuracy and veracity of the above before trading. I take no responsibility for the accuracy of the information in this thread.
submitted by Cicero1982 to pennystocks [link] [comments]

FIGHTING FUD: Bitmain's IPO to the US raising more than $1 billion

Bitmain's IPO to the US is coming soon, raising more than $1 billion: core financial data exposure

Key Points:
Chinese Article HERE.
In June of this year, Bloomberg broke the news that Bitmain has started IPO matters in the United States, and will submit a prospectus application by the end of July at the erliest. Today, in July, there are still no public offering documents on Bitmain.
But another mining machine manufacturer, Jia Nan Zhizhi, has secretly submitted a listing application to the US Securities and Exchange Commission (details: Jia Nan, the world's second-largest bitcoin mining machine manufacturer, has secretly submitted a listing application to the SEC).
However, Uncle C recently got the latest financial information from Bitmain, and may share some of the core data with you.
On September 26, 2018, Bitmain submitted a prospectus application document to the Hong Kong Stock Exchange. The document shows that the two founders, Jank Group and Wu Jihan, are major shareholders, holding 36% and 20% respectively.
Since its inception, Bitmain has mainly obtained three rounds of financing, which took place in August 2017, June 2018 and August 2018. Among them, Bitmain completed more than $700 million in financing in the second half of 2018.
At the time of the release of the prospectus, the proportion of shares held by major investment institutions was small: Sequoia Capital held approximately 3.14%, Innovation Works held approximately 1.13%, Temasek held 0.35%, IDG Capital and Beijing IC Industry The International Fund holds 0.02% and 0.07% of the shares respectively.
Valuation of Bitmain to $13 billion -$15 billion US dollars
The above-mentioned investors gave the information that Bitmain tried to raise $1 billion to $1.5 billion in the estimated IPO of $13 billion to $15 billion .
If the valuation is true, it will increase slightly from the valuation of around US$12 billion in the second half of 2018, and will be much higher than the “only” 500 given by the Hurun Greater China Unicorn Index in January this year. The valuation of 100 million yuan, although Bitmain ranked 11th in this list.
It is clear that the financial data of Bitmain is re-optimized. Uncle C also got the financial statements of Q1 Bitmain in China this year.
March profit of $315 million
In the first quarter of 2019, Bitmain's total operating income was US$1.082 billion, of which revenues for the first three months were 253 million, 253 million and 579 million , respectively ; gross margins were 7.91 million, 14.7 million and 25.21 million respectively. The US dollar; net profit reached $315 million in March alone, and $345 million and $280 million in losses in January and February, respectively.
From the perspective of net profit and gross profit, the data is obviously not so satisfactory. To this end, Bitcoin’s internal view is that in the first quarter, mainly in clearing inventory, especially at low prices, 16nm mining machine inventory, resulting in lower gross profit margin; after the completion of the old product clearance, sales of 7nm mining machine new products Will lead to an increase in gross profit margin, and the gross profit margin in April is expected to reach 30%.
It is expected that the fourth quarter will usher in an outbreak
In addition, given that the mining machine belongs to futures products and has placed 200 million 7nm chips in TSMC, Bitmain expects earnings to achieve explosive growth in Q4.
For the new 7nm mining machine, Bitmain's internal view said that the concept of the 7nm mining machine was proposed in 2018 and is currently done in China and Japan; Bitmain is the only 7nm mine with mass production and delivery capabilities. Machine manufacturers.
Here, Uncle C feels that it is advisable to make an intuitive comparison with the prospectus. According to the prospectus, the revenue, gross profit and after-tax profit of Bitcoin in 2017 were 274 million, 134 million and 83 million US dollars respectively; while the full year 2017 revenue, gross profit and after-tax profit were 2.518 billion, 12.13 respectively. Billion and $701 million. From this data, the main source of contribution to the annual income is obviously dependent on the performance in the second half .
Therefore, Bitmain's sales forecast for the whole year is that Q3's cash flow will be stronger due to the customer's prepaid mining machine, but because of the small inventory, TSMC needs 3 to 4 months to produce, so Q4 will be the main issue. The time node for goods and revenue recognition.
In addition to the 7nm mining machine mentioned above, the AI ​​product line is also the direction of development of Bitcoin this year.
Uncle C has already mentioned it in the article in June this year (related links: the news that Bitcoin applied for listing in the US next month, previously announced by the Hong Kong Stock Exchange "death penalty"), Bitmain began to enter at the end of 2015 In the AI ​​field, R&D content includes AI chips, boards, servers, and various hardware and software products and customer development platforms. The main directions of the layout are security, campus, smart city, and Internet.
At present, Bitmain has launched three products equipped with the cloud chip BM1684. In the first quarter of this year, it has reached cooperation with China Unicom and China Mobile Hangzhou R&D Center . The revenue of Q1 is nearly 32 million yuan.
Bitmain has hundreds of millions of dollars worth of digital currency assets
In terms of balance sheet, C Uncle also got the data at the end of March and the end of May. As of the end of May, Bitmain's total assets were approximately $1 billion, and the company's debt ratio after excluding preferred shares was 16%.
In addition, Uncle C also received reflections and judgments on the IPO process within the Bitmain. Among them, the failure of Hong Kong's IPO, Bitmain China believes that the main reason is that the rapid decline in the currency price in a short period of time has led regulators to doubt the sustainability of their business.
It is worth mentioning that Bitmain has now decided that it has no choice but to enter the US.
Uncle C's point of view is that although Bitcoin currently has a market share of more than 70% in the digital currency mining machine market and has sufficient cash flow, the date of its official delivery must not wait too long .
After all, the only viable listings of the three miners are currently in the United States. Once Jianan Zhizhi and even Yibang International are leading the listing progress, the order of time in the same competition will follow the listing process and market performance. Has a non-negligible influence.
The ability of chip design is goal to enter the AI ​​field. Rapid financing to sufficient funds will also help Bitmain further develop its layout in the chip and AI fields. Bitmain even stated in the documents given to investors that its ultimate goal is to become a technology-based commercial company.
submitted by kilrcola to btc [link] [comments]

Leading the Distributed Entertainment Revolution

AVXCHANGE is a new P2P sharing platform .But the different is AVXCHANGE using blockchain technology as it stone foundation . AVXChange stands for audio and video exchange . The idea was base on how common P2P / peer-to-peer networking works .People are rewarded with tokens which is later can be converted to any cryptocurrencies or $cash for sharing their files to other user .lets make this simple , you can see so many website sharing videos , movies , songs ,etc But what do you earn from those beside traffic and small amount of cash ? 0 nada ... only few people get it right and earned some real cash for their extraordinary effort. thats a huge gap in earning
This is what makes AVXCHANGE different . everybody will earn as much as they can without all those complex advertisement embedded or plugin or whatever you name it (you know what i mean).
Yet AVXCHANGE is very simple to use . you don't want to miss this project with new technologies and will be successful in the future. Be part of this technology with this project. New technologies are new opportunities. This company are very worthy and prospectus , I think it will has a great future soon enough. I believe in the future of this project. His will become mainstream in the future. I'm sure of this too. It is obvious that this project has already gathered so many like-minded people and supporters ready to support and be part of such a strong and confident team. Small group of team members and advisors too. Although there are elements that need to be addressed carefully, the concept does sound good, but not sure if and how successful it will be in the long run. From all indication the project looks promising. They also included top of the line developers and I believe that the end of this campaign they will succeed. Every project is different, of course, but the differences when managing a platform projects are especially so, due to its distinct life-cycle processes.
Since the widespread adoption of Bitcoin and other cryptocurrencies, ICOs have been garnering more and more investment capital from investors from all around the world. That is because until cryptocurrencies became popular, investing in projects at such a young stage was limited only to wealthy people – venture capitalists (VCs) and accredited investors.
ICOs have enabled individuals from around the world to come together and fund projects that they find useful. There is nothing to worry about, and investors can participate in ICOs from any part of the world. That is why ICOs are being called the next generation of funding platforms.
Website: https://avxchange.io/
Whitepaper: https://static.icoholder.com/files/29084/9dca12481b2f5c1a8b846344610c0656.pdf
submitted by azisjesika to AVX [link] [comments]

AVX project

AVXCHANGE is a new P2P sharing platform .But the different is AVXCHANGE using blockchain technology as it stone foundation . AVXChange stands for audio and video exchange . The idea was base on how common P2P / peer-to-peer networking works .People are rewarded with tokens which is later can be converted to any cryptocurrencies or $cash for sharing their files to other user .lets make this simple , you can see so many website sharing videos , movies , songs ,etc But what do you earn from those beside traffic and small amount of cash ? 0 nada ... only few people get it right and earned some real cash for their extraordinary effort. thats a huge gap in earning
This is what makes AVXCHANGE different . everybody will earn as much as they can without all those complex advertisement embedded or plugin or whatever you name it (you know what i mean).
Yet AVXCHANGE is very simple to use . you don't want to miss this project with new technologies and will be successful in the future. Be part of this technology with this project. New technologies are new opportunities. This company are very worthy and prospectus , I think it will has a great future soon enough. I believe in the future of this project. His will become mainstream in the future. I'm sure of this too. It is obvious that this project has already gathered so many like-minded people and supporters ready to support and be part of such a strong and confident team. Small group of team members and advisors too. Although there are elements that need to be addressed carefully, the concept does sound good, but not sure if and how successful it will be in the long run. From all indication the project looks promising. They also included top of the line developers and I believe that the end of this campaign they will succeed. Every project is different, of course, but the differences when managing a platform projects are especially so, due to its distinct life-cycle processes.
Since the widespread adoption of Bitcoin and other cryptocurrencies, ICOs have been garnering more and more investment capital from investors from all around the world. That is because until cryptocurrencies became popular, investing in projects at such a young stage was limited only to wealthy people – venture capitalists (VCs) and accredited investors.
ICOs have enabled individuals from around the world to come together and fund projects that they find useful. There is nothing to worry about, and investors can participate in ICOs from any part of the world. That is why ICOs are being called the next generation of funding platforms.
Website: https://avxchange.io/
Whitepaper: https://static.icoholder.com/files/29084/9dca12481b2f5c1a8b846344610c0656.pdf
submitted by Joygalz to AVX [link] [comments]

Unique Features of AVX

Yet AVXCHANGE is very simple to use . you don't want to miss this project with new technologies and will be successful in the future. Be part of this technology with this project. New technologies are new opportunities. This company are very worthy and prospectus , I think it will has a great future soon enough. I believe in the future of this project. His will become mainstream in the future. I'm sure of this too. It is obvious that this project has already gathered so many like-minded people and supporters ready to support and be part of such a strong and confident team. Small group of team members and advisors too. Although there are elements that need to be addressed carefully, the concept does sound good, but not sure if and how successful it will be in the long run. From all indication the project looks promising. They also included top of the line developers and I believe that the end of this campaign they will succeed. Every project is different, of course, but the differences when managing a platform projects are especially so, due to its distinct life-cycle processes.
Since the widespread adoption of Bitcoin and other cryptocurrencies, ICOs have been garnering more and more investment capital from investors from all around the world. That is because until cryptocurrencies became popular, investing in projects at such a young stage was limited only to wealthy people – venture capitalists (VCs) and accredited investors.
ICOs have enabled individuals from around the world to come together and fund projects that they find useful. There is nothing to worry about, and investors can participate in ICOs from any part of the world. That is why ICOs are being called the next generation of funding platforms.
Website: https://avxchange.io/
Whitepaper: https://static.icoholder.com/files/29084/9dca12481b2f5c1a8b846344610c0656.pdf
submitted by Joygalz to AVX [link] [comments]

Why AVXChange is Different from the others

This is what makes AVXCHANGE different . everybody will earn as much as they can without all those complex advertisement embedded or plugin or whatever you name it (you know what i mean).
Yet AVXCHANGE is very simple to use . you don't want to miss this project with new technologies and will be successful in the future. Be part of this technology with this project. New technologies are new opportunities. This company are very worthy and prospectus , I think it will has a great future soon enough. I believe in the future of this project. His will become mainstream in the future. I'm sure of this too. It is obvious that this project has already gathered so many like-minded people and supporters ready to support and be part of such a strong and confident team. Small group of team members and advisors too. Although there are elements that need to be addressed carefully, the concept does sound good, but not sure if and how successful it will be in the long run. From all indication the project looks promising. They also included top of the line developers and I believe that the end of this campaign they will succeed. Every project is different, of course, but the differences when managing a platform projects are especially so, due to its distinct life-cycle processes.
Since the widespread adoption of Bitcoin and other cryptocurrencies, ICOs have been garnering more and more investment capital from investors from all around the world. That is because until cryptocurrencies became popular, investing in projects at such a young stage was limited only to wealthy people – venture capitalists (VCs) and accredited investors.
ICOs have enabled individuals from around the world to come together and fund projects that they find useful. There is nothing to worry about, and investors can participate in ICOs from any part of the world. That is why ICOs are being called the next generation of funding platforms.
To find more relevant details please follow several sources for the following references: Website: https://avxchange.io/
Whitepaper: https://static.icoholder.com/files/29084/9dca12481b2f5c1a8b846344610c0656.pdf
Facebook: https://www.facebook.com/AVXChange/
Twitter: https://twitter.com/@avxchange
submitted by wealthspy to AVX [link] [comments]

How To Recover All The Funds If We Can Just Raise $3.5m

My fellow affected users,
I believe at this point, our hopes from the legal process will see recoveries of 5-10% of the total funds. That's still a lot of recovered money, but it's also meaning that most affected users are still losing 90-95% of their funds. For me, this is my single largest financial loss. Many people on here have lost a lot more money, or are affected in serious ways.
I feel a profound sense of duty to help in any way I can. Below is a detailed process (modified version of my last proposal to fix a number of issues pointed out by other Reddit users) which should provide an opportunity to recover all of the lost funds over time. It can be executed now for $3.5m, and of that at least $2m will go right back to affected users within the first year. We have about $200m at stake here, individual users have lost $50m in some cases. It's hard for me to believe that we as a community couldn't pull together these funds.
All of this could be accomplished by purchasing the exchange assets and managing them ourselves in a specific manner. Here's a budget breakdown:
All of these costs add up to $3m and would be expected to purchase and enable the exchange to operate for one full year (12 months). As some costs may not be fully accounted for or unexpected costs can arise, it is recommended to set the funding target at $3.5m.
Raising this money is no easy task. I only have a few recommendations:
Once the funding is completed, the exchange development process would proceed.
Similar ideas have been tried and worked out successfully:
I feel very strongly in doing everything I can to help this situation achieve the best possible outcome. There is a great opportunity here. If we want to proceed with this, we need to build a team and raise the initial capital. I'm happy to help in any way I can, but I can't do this alone. We need some people to sign onto it who can see the potential and are serious about making it happen.
Thank you very much for reading and your support or feedback of this idea.
submitted by azoundria2 to QuadrigaCX [link] [comments]

Why AVXChange is Different from the others

This is what makes AVXCHANGE different . everybody will earn as much as they can without all those complex advertisement embedded or plugin or whatever you name it (you know what i mean).
Yet AVXCHANGE is very simple to use . you don't want to miss this project with new technologies and will be successful in the future. Be part of this technology with this project. New technologies are new opportunities. This company are very worthy and prospectus , I think it will has a great future soon enough. I believe in the future of this project. His will become mainstream in the future. I'm sure of this too. It is obvious that this project has already gathered so many like-minded people and supporters ready to support and be part of such a strong and confident team. Small group of team members and advisors too. Although there are elements that need to be addressed carefully, the concept does sound good, but not sure if and how successful it will be in the long run. From all indication the project looks promising. They also included top of the line developers and I believe that the end of this campaign they will succeed. Every project is different, of course, but the differences when managing a platform projects are especially so, due to its distinct life-cycle processes.
Since the widespread adoption of Bitcoin and other cryptocurrencies, ICOs have been garnering more and more investment capital from investors from all around the world. That is because until cryptocurrencies became popular, investing in projects at such a young stage was limited only to wealthy people – venture capitalists (VCs) and accredited investors.
ICOs have enabled individuals from around the world to come together and fund projects that they find useful. There is nothing to worry about, and investors can participate in ICOs from any part of the world. That is why ICOs are being called the next generation of funding platforms.
To find more relevant details please follow several sources for the following references: Website: https://avxchange.io/
Whitepaper: https://static.icoholder.com/files/29084/9dca12481b2f5c1a8b846344610c0656.pdf
Facebook: https://www.facebook.com/AVXChange/
Twitter: https://twitter.com/@avxchange
submitted by ifeakinola to ICOAnalysis [link] [comments]

ICO, ICCO and IPO: Major differences

ICO, ICCO and IPO: Major differences

https://preview.redd.it/rvc8xircrcl11.jpg?width=1282&format=pjpg&auto=webp&s=aefb74483f364c659b1b2ad70abac6b66700527b
Throughout the history of cryptocurrencies and blockchain technology, we have been introduced to numerous new processes and terms such as coins, tokens, presale, crowdsale, decentralization, etc. Some of the most common terms and processes that gained the most attention to us and to many other companies and projects are ICO, ICCO and IPO.
We hear a lot about ICCO these days. Although the names ICO and IPO sound similar and many people think that their purposes are similar as well, there are many differences between them.
The Initial Coin Offering (ICO) is a process brought to life by the cryptocurrency innovation. It is a way of crowdfunding for the startup companies, which includes creating and selling tokens to fund the start and the development of a project. ICOs are related to the blockchain technology.
The Initial Convertible Coin Offering (ICCO) is a post-process, which is after the ICO. It is apparent that ICCO refers the share of a company based on tokens sold in the presale.
The Initial Public Offering (IPO) is a well-established process leaded by a private company in order to expand and become publicly traded. It involves some formalities in the duration of the process. IPO refers to the public sale of the shares of a company, with the goal of collecting funds for development.
What are the major differences among ICO, ICCO and IPO?
STRATEGY
The main strategy of an ICO is to raise funds for the project and enter the market, and the ICO is usually performed by the startup companies. However, IPO is usually performed at a later stage when a company is financially stable and wants to expand and develop to the public. Its raised capital is used for the future expansion projects of a company. It can be seen clearly that ICCO is the combination between ICO and IPO. After ICO, when the company succeeds in raising fund, it makes more trust for investors that they will have company share via buying tokens before.
DOCUMENTATION
When a company wants to issue an IPO, it must create a legal document called prospectus. This document is a legal declaration that has to include key information about the company and the IPO, and must meet some standards of transparency. On the other side, ICOs are not limited with any legal document. They have a document in the form of a white paper where everything about the project and its purpose is explained. Also the ICO, ICCO is the next step of it and covert token into share. But, it is important to point out that ICOs are not obligated to create a white paper, while IPOs must have the prospectus for successful operation.
CREDIBILITY
There are some requirements that a company must accomplish in order to list its shares via an IPO. This involves having a track record of earnings, and it should be confirmed by a professional accounting firm. In the ICO process, companies do not have to have a track record or any regulatory framework. Most ICOs have just a white paper that is not necessary. Nonetheless, with the ICCO, it make trust for the project and investor belief in ICO will rise due to company share.
DURATION
The IPO process is a long process that can take up to 6 months. That is because of the requirement of legal processes. But the ICO process is much shorter. The duration of an ICO depends on the nature of the project. When a company issues white paper and a smart contract, they can start with the crowdsale. The duration of a crowdsale depends on the project and its maximum hard cap, and it usually takes up to 1 month. About ICCO, normally, the ICCO will take 2–3 years after ICO in order to prepare legal and price increase.
TARGET GROUP
IPOs are oriented only to the institutional investors such as banks. There is a little part of the whole process that is oriented to the retail investors. On the other hand, ICOs are opened for anyone. All you need to have is a currency of Bitcoin or Ether which you will convert into the token of the particular ICO. Especially, ICCO is for every types of group, on the grounds that everyone is able to invest in ICO.
While ICO, ICCO IPO sound as a similar processes, the reality is different and they are extremely separated. However, three of them are well-promising processes that can lead a company to success
submitted by excolony to u/excolony [link] [comments]

NEX AMA Answers!

Some of the NEX team went through the questions asked a couple of days ago, but due to the answers being posted sporadically, i thought it might be better collating answers and reposting for visibility!
I highly recommend reading through if you are interested in NEX!
    NEX team marked as
U = u/Unignorant, C = u/Canesin, L = u/Localalhost_coz  
Original post here
Q: What is the NEX marketing plan to grow in terms of a customer base ? And how far is the team away from a finished product? During most of the interviews I noticed the team reference comparison to Binance, how does the interface match binance in a decentralized environment? (u/sheldonbraganza)
(U)We will have a complete product out on TestNet in Q2, and a fully working cross-chain exchange on the NEO and Ethereum networks in Q3.
NEX is marketing to two primary groups of users: (1) Mainstream users who want an easier experience buying altcoins with cryptocurrency. Through our network of banking partners, we will make it easy for anyone in the world to buy tokens on NEO, ETH (and eventually other chains) using their national currencies. (2) Bots and traders: we aim to have best-in-class trading APIs for high performance, computational trading. We will have better and faster APIs than today's centralized exchanges, with the added benefit of these systems running on decentralized networks
The point of our off-chain matching engine tech is to enable the same (or better!) usability as an exchange like Binance, while keeping around the decentralized model. The off-chain engine makes trading just as performant as today's centralized exchanges, and makes it much easier to support the kind of cross-chain trading functionality that has long been a pipe dream for decentralized exchanges. We are very much inspired by other exchanges like Coinbase in this regard, and we will be the first DEX to achieve this.
(C) Just to remember that NEX is also going after costumers that usually are not considered by other exchanges with its features to facilitate peer to peer payments requests, invoicing and tipping/gifts.
Q:Can you elaborate on NEX staking? The whitepaper was fuzzy about it and had terms like "staking percentage". (u/r3dh4r7)
(U) The NEX staking rate will be from 25-75%. Committing to stake for one day gives a rate of 25%, which increases linearly to a rate of 75% if you are willing to stake for 2 years By staking rate, we mean the percentage of revenue you will get from NEX fee collection proportional to the tokens you hold. For example, if you hold 10% of all NEX tokens and are staking at a rate of 75%, then you will receive .10 * .75 = 7.5% of all fee revenue generated by NEX over that period.
We will confirm these details in an updated white paper release coming out today or tomorrow. ~ If you commit for two years, the first year will still be at 75%.
Q:How soon do you introduce Fiat pairs? (u/coinonymous1)
(U) Our network of banking partners will begin to go live in Q2. That means users will be able to enter the ecosystem with national currencies through the NEX extension and web-based exchange interface.
(C) To clarify, this are not direct trading pairs on the exchange itself (i.e. JPY/NEX) but a easy method to on ramp and cashout using the tools. Users will be able to acquire NEO and GAS with fiat and any other tokens traded at NEX will be using the exchange itself.
Q: The chrome extension is great but why should I still rely on desktop to access NEX interface ? When can we expect Iphone/ Android App? (u/cryptobuddy_1712)
(U) We are planning native android/iOS apps. Depending on how fast we can grow, they may be out by Q3.
(C) Mobile presence is a complex topic, depending of how much of the full experience you want to provide - that will depend on the support shown by 3rd party wallets, if they adopt NEX APIs.
Q: Will you guys be supporting Ledger integration any time soon? Nex chrome add-on, Nex exchange integration...?! Plans to list the Nex token on other exchanges before the release of your own? What are the plans to continue supporting Neon wallet now that Nex came out with their extension for chrome? Will Nex exchange introduce fiat deposits/withdrawals? (u/mihai_ss)
(U) Yes, ledger is on the roadmap. We cannot comment on other exchange listings right now. We love and will continue to support Neon wallet (you are speaking to its creator :) as a great desktop wallet and complementary partner to our extension. NEX will support national currencies in/out of the exchange through our network of banking partners.
(C) Not only ledger but hardware wallets in general. Ledger is priority currently given that it is quite popular in NEO. We have to have in mind that NEX is trying to do a lot of different things to make usage easier to new users (that probably don't have a ledger!), there is currently about 96k users of it (more than this sub) so we will focus on fixing the corner cases and issues that appears frequently with such large user base first.
Q:More and more people are using mobile apps for trading. Don't you think nex should also have its own iOS and Android app. Are the API being developed future proof to integrate with mobile apps for trading and seeing candle charts. (u/Cryptobanku)
(U) We agree with the power for mobile, and future proofing the API is 100% on our mind. Longer term, we are planning native iOS/android apps.
Q:So NEX is a security right? What does that mean exactly? The Token only will be available on the neon exchange? In order to get the exchange dividends are we gonna be forced to put our tokens on stake mode? If so, once we put our tokens on stake mode does that mean we are not gonna be able to move them or sell them for a specific period of time? (u/sersimovi)
(U) NEX is a registered European security. It will be traded on NEX exchange, but that is not the only place it will be traded (I cannot say more than that right now). Being a registered security is amazing for investors. It means that all of the sketchy things that so often happen with cryprocurrencies/tokens (things like market manipulation or insider trading) are made explicitly illegal. It also means that we, as a company, go through an extensive audit. For that, we have partnered with the top tier accounting firm Ernst and Young.
The staking model means that you commit to staking your NEX for a certain amount of time to receive a share of fee revenue. The minimum amount of time you can stake NEX is one day. The maximum time you can stake is two years. While staked, you cannot move or sell the NEX tokens.
(C) All that plus the investor don't need to fear it will crash because someone classified it as a security in the future.
Q:When will the official sale date be announced and when will the official tokens per neo be determined? (u/rborsb9)
(L) We are still working with our legal partners to determine a final sale date, but it will be sometime at the end of April. The tokens per Neo/Gas will be determined from the 10 day moving average of the price before the sale begins.
Q:What do you think sets NEX apart from the countless other DEXs that are starting up right now? Why should people invest in NEX vs Switcheo/Etherdelta/Binance(once they release)?
(U) NEX will be the first usable, performant, and cross-chain DEX. Out of all the exchanges you mentioned, none of them are using an off-chain matching engine, which quite simply means none of them can do what we are doing.
In addition to that, NEX has by far the most generous revenue share model of any exchange you have mentioned. This is because we are embracing being a security (not hiding behind some questionably legal utility token). The people who invest in us will be treated very well by this model.
As for competitors: Switcheo unfortunately doesn't work. There is no volume, and the SC is broken (or at least didn't work when I tried it; the transaction failed and it stole the small amount of GAS I tried to trade). Etherdelta has higher volume but still ridiculously low overall. And again, just try to use Etherdelta... it is a usability disaster. There is really no comparison here. Binance might do something interesting, if they decide to do anything. But we have better technical talent than Binance, so I am not too worried.
Q:What % volume neon exchange will support compared with top centralized exchanges? Thanks big neo fan! (u/myfriendbaubau)
(U) We will support just as much volume as today's centralized exchanges.
Q: Will NEX have a stable coin? (u/masi252)
(U) We have looked into various implementations and ideas surrounding stable coins and have determined that it is not something we are planning on doing in the near future.
Cont: What about when Alchemint releases? (u/Bing0to)
(C) We wanted to do a fundamental strong stable coin that was capital efficient. Unfortunately there is some pre-requisites for that to be possible that currently is lacking in crypto markets. We will continue to monitor how this space evolves and our ideas are stored waiting the future when they can be applied.
Q:Can we expect the erc20 token trading earlier than q3? (u/markerizza)
(U) Q3 is the current roadmap projection. It is possible it will happen earlier depending on our growth.
Q: Will the token sale be via smart contract, so that we recieve our tokens right away? (u/Ebrii)
(U) Yes
Q: will you guys have an official subreddit and telegram anytime soon? (u/markerizza)
(U) No, we dislike the idea of project oriented telegrams. There are too many opportunities for scammers. We may have a subreddit in the future, but not anytime soon.
Q: What is the plan to get liquidity on the platform? It seems to be the biggest problem with current DEXs. (u/Mutedtommy)
(U) We have strategic partnerships for this. We are also working with other partners to develop some nice APIs for high performance trading.
Q: On the site you say that the ORIGINAL winners can participate in the second round (9000$) options, do you mean only the first round lottery winners or the first and second round winners combined? (u/FrancoisFrancis)
(U) Any lottery winners (whether first or second draw) have the opportunity to participate in both rounds 1 and 2. Please see this medium post for clarification: https://medium.com/neon-exchange/nex-extension-and-lottery-q-a-667e56f58e4a
Q: If you chose to participate in round 2 from the KYC process, does that mean you are guaranteed a spot? The medium article seems to indicate there will be an additional lottery from those who selected that option to see who from round one is eligible for round 2. (u/DwyerMatt)
No one is guaranteed a spot in round 2. It is even possible (though extremely unlikely) that all NEX is sold out in round one. This would happen if everyone who is selected goes through KYC and participates at 100%. (U)
Q: Will NEX tokens only be tradeable on NEX or is there a chance of it being listed on other exchanges like Binance? (u/Frank_Sinatra88)
(U) See an answer above. Not just NEX, but I can't say more than that right now.
Q: How do you see NEO compare to other coins on its network ? Like another coin could be valued more than NEO itself ? And will NEX always be bound to NEO? (u/BN_Boi)
(U) It is unlikely but possible that a NEP5 token could eventually achieve a higher marketcap than NEO itself.
NEX is not bound to NEO much at all. Our token will live as a NEP5 on NEO, and that is how users will receive staking rewards, but we will support trading very early on Ethereum as well.
(C) Google runs atop of other companies infrastructure (telecom providers), but it is valued more than all of them. The same thing can (and probably will) happen in token land, it will just take a while - when infrastructure becomes less important than applications and platforms atop of it. Like with the internet.
NEX behind the scenes (as the DEX is cross-chain from start) is using NEO capabilities, but the future of both is broad and uncertain. As a long term strategy the NEX company will do what it can to improve its underling technology and remove risk from its business.
Q: Is there a vesting period for the half of available NEX tokens that will not be sold during the ICO? (u/ETHERjimbo)
(U) The founder and employee tokens (25%) will vest over two years.
Q: Whitepaper uses an example $100m in the fee distribution calculation. If NEX is truly a security token and the whitepaper is your prospectus then you must provide further data on fwd looking statements. The NEX token gives the right to fee distribution. Given this you must provide assumption based forecasts on expedited fees over the next 3 years. This will support price discovery. How can the market properly price the token when fee expectations are unknown.(u/nsheahan82)
(C) Fee structure is defined on whitepaper and version v1.1 contains a example section as stated. Version v2.0 (to be released very soon) contains the actual staking portion (25% to 75% linear over two years growth on staking).
Guess work on the volume would in reality be very indigenous, look at volume behavior market wise (https://coinmarketcap.com/currencies/bitcoin/#charts) so much variation. Following the 3 years trend we could say trading volume will be bigger than the world economy, clearly that is not happening.
Q: Would NEX Staking be a 50% or 75% as stated on the whitepaper? (u/GMDaddy)
(C)See answer above, it starts at 25% and goes up to 75%. The increase is linear and maximum period is 2 years.
Cont: By linear, you mean like as an option where the user has the choice on picking whether to stake it from 25% up into 75%?
(C)No, when you start staking it starts at 25% and by linear I mean it increases at a constant rate of about 2.08% per month for two years until it reach 75%.
(U)To clarify fabio's comment: yes, you can choose a fixed rate of 75% by committing to stake for two years.
Q: A massive attraction to NEX is the prospect of decentralised banking. What makes decentralised banking better than traditional banking? (u/kabelofthe3rd)
(C)Our goal is to facilitate crypto trading at large, this touches from usage of applications to investing passing by funds management and invoicing solutions. What this enables is a digital cashless economy, we call it the smart economy. In the smart economy users are in control of their funds using this advanced technological tools to perform the tasks above and current banking solutions are no longer needed.
Q: Once NEX is rolled out, what will be the easiest way for US residents to buy some stake? I'm aware it's going to be issued as a security so I'm thinking the NEX token will only be tradable on NEX itself because most non decentralized exchanges will not list security's or tokens that don't pass the Howet Test. Is this correct?(u/Cozmo525)
(C)You are correct, for US persons you will need to wait other licensed exchanges list NEX or we acquire the proper licenses to allow US people to trade securities. Whatever happens first =)
Q: Can I stake only NEX or also other Token f.e. NEO? (u/masi252)
(C) NEO doesn't need to be staked, you already can claim GAS on NEX extension.
Q: How do you plan to compete with Switcheo when they have first movers advantage and will be live for months before your platform will be? (u/toneeey1)
(C)We plan to compete with anyone in our market by providing better products.
Q: Will TNC be utilized? (u/molly1nora)
(C)That is not planned, NEX has it own custom scaling solutions already in development.
Q: Do you see exchanges not listing NEX, due to the fact that you guys are direct competition? (u/detnah)
(C)That is a tricky question, I believe competition will not be with every exchange - in special centralized ones, as CEX they will more focused in national markets and we are going after broad chain level trade.
Q: Is there a chance in the future you will also introduce other coins to the exchange sich as ERC-20 tokens etc? If so you'd blow all competition out the water. (u/Frank_Sinatra88)
(C)Yes, ERC-20 tokens will be supported by Q3 together with NEP-5.
Q: Will NEX APIs support mobile Dapps or Wallets? (u/johndon96)
(C)Both, APIs are in general not target to a specific application, is up to the developers to use it in their products.
Q: What are the team's plans to make NEX the best decentralized exchange and one of the best projects ever released? (u/its_me_TAG)
(C)We will be working close to our costumers, never afraid of breaking status quo and never ending improvements. NEX will never be done.
Q: Are there any plans to open up some Nex-Stores in several spots around the Globe? (u/michaeluebelhart)
(C)No, but will have a online swag store :D
Q: Is it possible that in the long future to have forex pairs listed on NEX? (u/BR8889)
(C)In a future where fiat has token representations or stable coins are indeed stable.
Q: When will we see the updated Whitepaper? (I know for example that you plan to integrate ERC20 tokens earlier than mentioned in the original Whitepaper) (u/mambor)
(C) Target is this weekend. We could delay if redacting detects things that should be changed/improved.
Q: What is your go-to-market strategy? (u/Dux_AMS)
(C) We already have >100k users. ;)
submitted by menofthenorth to NEO [link] [comments]

THE UNIQUE FEATURES OF AVXCHANGE

Yet AVXCHANGE is very simple to use . you don't want to miss this project with new technologies and will be successful in the future. Be part of this technology with this project. New technologies are new opportunities. This company are very worthy and prospectus , I think it will has a great future soon enough. I believe in the future of this project. His will become mainstream in the future. I'm sure of this too. It is obvious that this project has already gathered so many like-minded people and supporters ready to support and be part of such a strong and confident team. Small group of team members and advisors too. Although there are elements that need to be addressed carefully, the concept does sound good, but not sure if and how successful it will be in the long run. From all indication the project looks promising. They also included top of the line developers and I believe that the end of this campaign they will succeed. Every project is different, of course, but the differences when managing a platform projects are especially so, due to its distinct life-cycle processes.
Since the widespread adoption of Bitcoin and other cryptocurrencies, ICOs have been garnering more and more investment capital from investors from all around the world. That is because until cryptocurrencies became popular, investing in projects at such a young stage was limited only to wealthy people – venture capitalists (VCs) and accredited investors.
WEBSITE
submitted by tcode58 to AVX [link] [comments]

Know your limit, invest within it

Paywall / Subscribers
The Globe and Mail
Rob Carrick Published January 26, 2018 For Subscribers
Surging investor confidence in early 2018 is starting to look like reckless enthusiasm.
Investors have lately shown a willingness to take on risk in search of home-run returns, and the investment industry is serving up products to capitalize.
The stock markets are not the problem, particularly the Canadian market. Annualized returns over all periods – from the past 12 months to the past 20 years – are far from excessive and could even be called modest. The U.S. market has been a lot stronger in the past decade, but it's now supported by a growing economy. Remember, it's recessions that usually cause a bear market.
Strong market fundamentals support aggressive investing, but there's a limit. Here are four examples of how these limits are being tested right now.
Adviser shame
Financial planner Rona Birenbaum has noticed a trend lately of people disparaging advisers on the basis of it being so easy to invest for yourself that paying someone to do it for you is pointless and a waste. "I'm starting to hear client comments like 'my brother thinks I'm an idiot for using an adviser,'" she said. "You're almost afraid to say you pay for financial advice."
You can see this same thinking in a recent exchange on The Globe and Mail's Gen Y Money Facebook page. After someone asked for referrals to a financial adviser, other members of the community tried to convince him to invest on his own.
Dismissing advisers sends a message that investing is easy, which is an attitude that develops when a bull market is in full swing. There are simple ways to invest on your own – the exchange-traded fund portfolio with just four funds I wrote about recently is one example. But the overall investing process involves a lot more than just buying four ETFs.
You have to rebalance a portfolio when the mix of stocks and bonds gets out of sync, resist the temptation to sell at market lows and tamp down your greed in market highs. And then there's the question of whether the results you're getting are sufficient to achieve your financial goals.
DIY investing is a righteous choice, but it's harder than it looks in today's investing climate. There's no shame in paying a reasonable price for help.
The rise in margin debt
Buying on margin means putting down some of your own money to buy stocks and covering the rest of the cost by borrowing from your broker. If the shares go up in price, you make more of a profit than if you just used your own money. Falling share prices would likewise magnify your losses.
The total amount of debt in investment accounts set up for clients to buy on margin was up 8 per cent between the end of 2016 and Nov. 30, 2017. But this number undersells the extent to which investors are embracing margin.
The Investment Industry Regulatory Organization of Canada reports that margin debt soared to $25.6-billion at Nov. 30 from $15.9-billion in June, 2008, which is just before the last bear market began.
Low interest rates explain a lot of this increase, just as they do the rise in mortgage debt and house prices. But rising margin borrowing also signals a growing acceptance of risk.
In the Maclean's list of the 91 most important economic charts to watch this year, analyst Alexander MacDonald of Cowan Asset Management noted that margin debt no longer closely tracks the ups and downs of the S&P/TSX composite index. Since 2013, margin debt has grown steadily despite an up-and-down market.
It's worth noting that in the latter half of 2008, the total amount of margin debt plunged 44 per cent. Margin debt is toxic in fast-falling markets.
ETFs tied to current trends
Marijuana stocks are driving the unprecedented trading volumes that have jammed up websites and phone lines at some online brokerage firms in early 2018. A few exchange-traded fund companies are capitalizing on this and other hot investing trends.
The Horizons Marijuana Life Sciences Index ETF (HMMJ-TSX) has been a big hit for a fund not even a year old, with a one-month gain to midweek of 47 per cent and high trading volumes that one day this month reached a stunning 5.6 million shares. Horizons now plans an encore – the Horizons Junior Marijuana Growers Index ETF, which must still be approved by regulators.
One other ETF provider has filed a preliminary prospectus for a marijuana ETF, while still other firms are readying niche products in cryptocurrencies such as bitcoin and the blockchain technology on which these currencies are based. Preliminary prospectuses have been submitted for such miscellany as the Harvest Blockchain Technologies ETF, Purpose Investments' Bitcoin Trust and the Evolve Bitcoin ETF.
National Bank Financial reports that 72 per cent of ETF flows in 2017 went into traditional index-tracking products, which is a positive trend because these funds tend to be cheapest to own. But the success of HMMJ highlights the strong potential for lucrative niche ETFs as well. The management expense ratio for this ETF is 0.89 per cent, compared with 0.06 per cent for a cheap Canadian equity ETF.
The "must buy stocks" mindset
The growing thirst for stocks can most clearly be seen in the unprecedented levels of trading done by individuals through online brokerage firms. Basically, investors have broken their brokers' websites by logging on in swarms to trade stocks and see how their accounts are performing.
Brokers were unprepared for this onslaught, which is a fail on their part. But let's understand that the level of trading people are doing today is not normal. It's a speculative surge triggered by a few hot sectors.
A quieter but no less noteworthy move into stocks is being made by mutual fund investors. The Investment Funds Institute of Canada reports net sales of $7-billion in equity funds last year, compared with $6-billion in net redemptions in 2016. More speculative specialty funds generated net sales of close to $2.6-billion, compared with $36.7-million in redemption in 2016.
Mutual funds are typically sold by advisers, a point that raises questions about the advice industry's claim to deliver value by tempering client urges to get aggressive after stock markets rise and to lose heart after declines.
This isn't any kind of stock market forecast, but it does seem late in the game for investors – DIY or advised – to recast themselves as aggressive stock jocks.
Follow Rob Carrick on Twitter @rcarrick
https://www.theglobeandmail.com/globe-investoinside-the-market/know-your-limit-invest-within-it/article37751748/
submitted by SirEbrally to weedstocks [link] [comments]

Cryptocurrency and Blockchain - Industry News (03.22.19-03.29.19)

Total Market Cap, as of 03.29.19 at 3:00pm (PST): $143,319,177,852 (+2.18%)

Missed last week’s update? Click here

STORY OF THE WEEK

•Singapore based exchange DragonEx announced a hack on March 24th. The exchange has not disclosed the amount that was stolen but is working with law enforcement and “will take responsibility no matter what”.

CRYPTOCURRENCY TRADING SERVICES

Binance Launchpad changes its token sale format from first come first serve to a lottery-based format.
Yahoo! Japan’s subsidiary owned exchange Taotao will begin trading crypto in May.
•The U.S branch of Huobi Global, HBUS aims to set up an institutional sales and customer service group to offer token lending and OTC trading.
KuCoin partners with payments processor Simplex to enable crypto purchases using Visa or MasterCard credit cards.
•In efforts to tighten up security, Kraken makes 2FA mandatory for users on its platform and announces the formation of Kraken Security Labs. The group will be performing vulnerability research on hardware/software wallets to inform their users.

REGULATION

•Peer-to-peer exchange LocalBitcoins announced the platform will now be supervised by the Financial Supervisory Authority of Finland. The platform launched a new registration process and is looking into additional identity verification processes.
The Spanish National Securities Market Commission (CNMV) has confirmed it has not authorized any entity to conduct an ICO.
The Swiss Financial Market Supervisory Authority (FINMA) deems crypto mining firm Envion AG’s $90 million USD ICO illegal. Issuance was not equal for all investors, prospectuses did not meet minimum requirements and there was no internal auditing department in place.
•Hong Kong securities regulators, The Securities and Futures Commission (SFC) deems security token offerings STO’s as securities and thus fall under existing security laws.

TECHNOLOGY

•Leading Ethereum browser extension Metamask was found to broadcast user’s ETH addresses to visited websites on default settings.
•Hardware wallet producer Ledger has partnered with Hong Kong based Legacy Trust to offer institutional crypto custody services leveraging its existing offering, Ledger Vault.
OkEx aims to launch a decentralized exchange on its own native blockchain (OKChain). OkChain is at the final stage of development due for release in June.
Binance partners with KYC/AML compliance firm IdentityMind in order to integrate protocols to tighten data security and compliance.

INSTITUTIONALIZATION

•Japanese e-commerce giant Rakuten is releasing a cryptocurrency exchange named Rakuten Wallet. Starting April, users will be able to sign up on the new platform.
•Germany’s second largest stock exchange Borse Stuttgart is partnering with Axel Springer and a subsidiary Finanzen.net to launch a new cryptocurrency exchange.

PEOPLE

•Mining hardware giant Bitmain replaces existing Co-CEO’s Jihan Wu and Micree Zhan with current product engineering director Haichoao Wang.
Facebook looks to hire 5 more blockchain related positions. The 5 roles include production manager, business operations manager, data scientist, software engineer and growth product manager.

TWITTER

@APompliano - “Bitcoin is money for people who believe in math and software”
@arrington -“I’ve never been more bullish about crypto than I am right now”
@gaborgubacs - “Bitcoin isn’t a bubble; it’s the needle”
submitted by Edmund_N to CryptoMarkets [link] [comments]

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