While the problem is clear, the solution may be less so. Different companies use different IT setups, they have different data usage policies, they use different data formats, and they have to follow different operating procedures. Many use outdated legacy systems, with updates either too time-consuming to consider or too costly to complete. Billions are spent annually on CRM and ERP solutions that may help an organization streamline internal processes, but even these systems run into a brick wall the moment they have to interact with a different system used by an outside party.
This is where the LTO Network promises to revolutionize the way the world does business.
The LTO Network facilitates trustless and automated B2B interaction and collaboration between different parties regardless of the underlying tech infrastructure of the participants. Using decentralized Live Contracts that act as workflows for whatever tasks or processes a business wants to carry out, each party participating in the system can validate actions [not just their own but those of their business counterparts as well], secure their submissions, and interact with other participants in a safe, private, and even GDPR-compliant manner if needed.
The LTO Network does this by running a global public chain that timestamps and anchors data and event. With the global chain acting as an overarching main chain, smaller, customizable ad-hoc sidechains are used exclusively between specific participants or companies to execute Live Contracts, share information, and collaborate on a strictly private and need-to-know basis.
LTO Network has been recognized by many, including Torque Ventures – a high-profile blockchain company – as a groundbreaking innovation in the B2B and blockchain and data space that will accelerate blockchain adoption in the corporate and enterprise fields.
Despite the potential of this blockchain revolution in the business sphere, there are still obstacles to growth and liquidity facing participants in this ecosystem. High exchange listing fees, the ICO boom creating hype for projects that lack real utility, and a lack of transparency all have dealt significant blows to blockchain projects that were actually in advanced stages of development and were ready for public consumption.
To overcome these issues, LTO Network has partnered with BitMax.io [BTMX.com] for its primary listing. Recognized as a leading 3rd-generation digital asset exchange, BitMax.io has grown its user base to over 70,000 since its mid-August launch. With 50 active trading pairs of highly-selective crypto tokens, it provides a broad range of products and services to global retail and institutional clients. This platform not only relentlessly focuses on transparency, reliability, and quality of execution and client services, but also leads the industry offering of innovative trading service. Therefore, it has been steadily moving up the ranks in the competitive exchange space. With BitMax.io commitment to listing only high-quality projects, this strategic partnership is a strong testimony to LTO’s proven track record of development and noticeable potential in the B2B blockchain automation space.
The strategic significance of the partnership between LTO Network and BitMax.io goes beyond simple listing. Both two organizations are considered as pioneers in their respective fields: LTO Network was selected as the winner of the Blockathon held by the Dutch Ministry of Justice and Security, while BitMax.io has established itself as a clear leader in the crypto trading and exchange space. Founded by a group of Wall Street veterans, BitMax.io has built up the team with extensive experience in capital markets, technology, high-performance quant trading and token economics. The depth and breadth of those experiences are the key drivers to its high-performance trading platform as well as its transformational approach to crypto trading. Furthermore, with its industry LOWEST transaction fees at 0.04%, FASTEST transaction rates at 400k TPS, and the very FIRST “transaction-mining & reverse-mining” mechanism, BitMax.io has proved LTO’s selection of BitMax.io as its primary listing partner to be an optimal decision
Brave Moves Forward by Fulfilling Promises Made During BAT ICO Phase for Paid Web Surfing
Brave continues working in order to deliver the promises that it made during its Initial Coin Offering (ICO).
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Brave Moves Forward With Its Promises
It is important to note that the rewards for users have to be activated by the own user since the feature is an opt-in product. In a recent conversation with CoinDesk, the CEO of Brave, Brendan Eich, explained that Brave Ads goes live today.
There are different ad inventory suppliers such as Vice, Home Chef, ConsenSys, Ternio BlockCard, MyCrypto, eToro, BuySellAds and many others.
The CEO of TAP Network, Lin Dai, said that Brave is currently changing the paradigm of digital advertising where consumers are rewarded for their attention. TAP is a very important partner for Brave because it will bring over 250,000 partner merchants and brands to the platform.
Users will have to install the latest version of the web browser in order to start earning BAT for their attention. The ICO ended in just a few seconds after selling $35 million in BAT in just a minute.
— Brave Software (@brave) April 24, 2019
At the moment, users of Brave Rewards can add the funds themselves or just accept grants from Brave and redistribute the BAT tokens among the websites they visit. As soon as Brave Ads starts, users will receive BAT that will be redistributed as well.
Users will be earning these coins but spending them could take a little bit longer. This is because users would be defrauding the company in just a day.
“If our users started taking BAT out on their own initiative, we would be defrauded overnight massively,” explained Mr. Eich.
This is the reason why they have not allowed users to take their funds out. Moreover, Brave is also working in a know-your-customer (KYC) solution to be compliant with future and current regulations around the world.
Uphold and Coinbase are going to be helping Brave users withdraw their funds in a simple and easy way for BAT tokens or fiat currencies.
Fundstrat’s Tom Lee Says Waning Interest in ICO Tokens is a Good Sign For the Market at Large
As per data released by ICObench recently, fundraising numbers associated with methods such as ICOs have continued to decline since the start of 2018. Not only that, even the sale of crypto tokens across the globe have fallen by a whopping 90 percent over the course of the past 12 months or so.
A Detailed Look at the Statistics
When looked at closely, we can see that the aforementioned research data presented by ICObench puts forth quite a few surprising findings such as:
- All through the first quarter of 2018, ICOs were able to raise a total of around USD $4.75 Bln.
- In the same vein, since the start of 2019, token offerings have only been able to raise a relatively meagre sum of USD $575 million.
- At presstime, it appears as though the number of crypto projects being released (for the masses) are rapidly declining. For example, we can see that during December 2018, a total of 248 ICOs took place. However, since the start of 2019, this number has reduced to just 238.
In a recent interview with perennial crypto bull, Fundstrat co-founder ‘Tom Lee’, the finance guru suggested that as we move deeper into 2019, more and more crypto-oriented startups will move away from token sale-based acquisition models in favour of “equity raises”.
In addition to this, while conversing with the folks over at CNBC last week, Lee spoke at length about the future of the crypto market (through 2019) as well as the short-term future of some of today’s premier crypto assets such as BTC, ETH etc. In this regard, Lee was quoted as saying:
“We believe 2019 is a year of repair, setting up for a strong recovery in crypto prices broadly in 2020. Any improvements in supply/demand dynamics is positive for prices and hence, the slowdown in ICO funding is a net positive. Sentiment is also quite muted, which is positive.”
Other Key Takeaways
- Many experts are of the opinion that ICOs are no longer being used by startups since they lack any intrinsic “utility or value creation capabilities”.
- According to Barry Silbert, CEO of Digital Currency Group, most of the ICO tokens that became famous during the crypto boom of 2017 will most likely drop to “zero” in the near future.
- Similarly, Global Head of Research for Bitwise ‘Matt Hougan’ shares Silbert’s view and believes that more than 95 percent of all cryptocurrencies will die out sooner or later due to a lack of real world use-cases.
In closing out this piece, it is worth pointing out that if the aforementioned predictions made by people like Silbert and Hoguan do come true, we could be witnessing the demise of the ICO market as we speak. Only time will tell, how the future of this domain now plays out.
— Rebecca Ungarino (@ungarino) March 17, 2019
Celer ICO Raises $4 Million on Binance Launchpad Despite ‘Issues’ in 17-Minute Sellout
Changpeng (CZ) Zhao has revealed Binance Launchpad experienced its highest demand ever with the Celer Network token sale. Indeed, Celer Network’s token sale sold out of 597,014,925 CELR tokens in a mere 17 minutes and 35 seconds on the Binance Launchpad, but not without any issues. As a result, Celer Network raised about $4 million in the deal. Celer Network previously attracted $30 million to its coffers in private fundraising, a Binance spokesperson confirmed to CCN.
CZ said there were caching problems that led investors to believe they had to log in again when all they really needed to do was refresh the page. The mass confusion coupled with unprecedented demand left tens of thousands of would-be investors out in the cold.
Celer Network, which is a layer-two scaling platform for off-chain payment transactions and smart contracts, is one of only a handful of token sales to have been selected for Binance Launchpad so far, all of which have been a resounding success for token issuers in 2019.
CAPACITY AND CACHING ISSUES PLAGUE THE PLATFORM
The deal should provide a boost to Binance Coin (BNB) also, considering it was the only cryptocurrency in which the CELR price was denominated (1 CELR = 0.000434 BNB / 0.0067 USD using a BNB price of 15.4325 USD). Nonetheless, BNB coin was fractionally lower at the time of publication. Perhaps it’s a reflection of the frustration investors felt from being left out of the deal.
CZ has been transparent about the fact that the company is learning from each one of the token sales unfolding on its platform, which is a coveted place for blockchain startups to raise funds these days. He has said they are making adjustments along the way. Out of 39,003 users who wanted to buy CELR tokens, only slightly more than 3,100 investors were able to do so, as a result of which “35,000 people will be somewhat unhappy,” as CZ put it.
This time, Binance Launchpad suffered “capacity/caching issues” with, of all things, an “upgraded version.” CZ vowed that they will “keep working on it for a better experience in the future.”
still had capacity/caching issues with this "upgraded" version. Will keep working on it for a better experience in the future.
STATS: 39003 people tried to buy, 3129 people got some. 35000 people will be somewhat unhappy. pic.twitter.com/opJnNOeuhA
— CZ Binance (@cz_binance) March 19, 2019
Binance Launchpad is exploring taking a different tack the next time around, the transparency of which users should
the transparency of which users should appreciate.
We *may* try a different approach next time, a BNB holding allocation model. Still thinking about it…
— CZ Binance (@cz_binance) March 19, 2019
Binance set the minimum and maximum thresholds in the token sale, the latter of which should have paved the way for more investors to participate.
“Launchpad participants were able to purchase between 2985.074626865672 CELR tokens (the minimum amount eligible for purchase) and 223,880.597 CELR tokens (the maximum amount).”
Despite these parameters, many investors came away with a bad taste in their mouth from the experience. On Twitter, disgruntled followers complained about the issues ranging from the Launchpad’s facial recognition ID verification technology to being frozen out of the token sale. North American users took issue with the fact that their jurisdiction was blocked from buying CELR tokens, though this was made clear in the terms.
CZ has maintained that the token sales on Binance Launchpad are fair but that they do involve a stroke of luck for investors.
In addition to Celer Network, Binance Launchpad has also supported BitTorrent and Fetch.AI token sales in 2019, which sold out in about 13 and 11 minutes, respectively.