Global blockchain-based mobile virtual network operator (MVNO) Miracle Tele aiming to disrupt the telecom industry has confidently scaled several milestones of its development timeline and has recently announced the closing date of its token sale earlier than scheduled with an exchange listing to follow shortly.
Miracle Tele began its crowdsale in 2018, and after several developmental achievements, and a huge community of supporters, the project crowns the end of its token sale on 15th May, 2019 with over $15.5 million raised from selling 50 million TELE tokens – well over its softcap target of selling 30 million TELE tokens. As the opportunity of a buy-in as an early supporter closes, Miracle Tele is offering a last chance to buy TELE tokens at a cheaper rate.
Arguably, the journey so far for Miracle Tele has been laced with technical, economic and social growth. Unlike many blockchain startups, Miracle Tele already has a working product with an incentive economic model that further aligns with their big plan to revolutionize the telecom industry. Achievements so far includes affordable call and data services and an accessible market in over 160 countries, where the TELE token offers real utility.
As part of their future developments, Miracle Tele plans to develop a blockchain system that integrates with legacy telecom and IoT systems – an opportunity to set themselves apart in the MVNO world as they stay connected in the smart ecosystem
As provided by the tokenomics details, the TELE token will list at EUR 0.5 per token once it hits the exchange, further fulling their pricing schedule, after which it is expected that market forces will determine the worth of the tokens as developments continue to unfold.
The Miracle Tele team boasts of an incredible team of experts with experiences that span several niches to include politics, business, telecom and blockchain-related industries. And there’s room for more.
On the team is CEO Andrew Burciks, a political scientist who has devoted the most of his recent years to advocating blockchain use in business processes; Aleksandar Djordjevic an under 30 CTO & Entrepreneur draws from his crypto enthusiasm; IBM certified blockchain professional CCO Sagar Bansal leverages his experience as a team player in more than 5 ICOs already.
The Miracle Tele project continues to attract more talents to the platform, with the recent addition to the team being an experienced marketing consultant Zia Word to chair the marketing department as the CMO. As part of her previous achievements, she developed and sold a blockchain-based global travel and loyalty platform Chozun.
Perhaps the most exciting use case of their tokenomics is the incentive model being adopted, built on the principles of collaborative economy on blockchain to provide its clients with biweekly token holder rewards.
Miracle Tele has its own ‘stacking’ system, users ‘stack’ their TELE tokens within the TELE app or website. Miracle Tele pays out 40% of their proﬁts to TELE token holders every two weeks and early TELE holders have already been earning beneﬁts as a proof of concept.
Once the token hits the exchange as planned, holders of the TELE token will have the option to either trade against other currency pairs, or stack their tokens and continue to earn bi-weekly rewards which are paid out in the Euro equivalent either in fiat or any cryptocurrency of choice.
To find out more information, please visit the website: https://miracletele.com/
Disclosure: This is a sponsored article
Draper Venture Network Selects Blockchain-Focused Venture Studio, GHV to Join DVN Beta
LOS ANGELES (May 22, 2019) – Goren Holm Ventures (GHV), a fintech and blockchain-focused venture studio based out of Santa Monica, California, has joined Draper Venture Network’s DVN Beta program.
Founded by legendary venture capitalist Tim Draper, DVN currently comprises of 24 VC funds that operate in 60 cities globally and collectively manage over $2B in assets under management. It is a global, self-governed organization of independent venture funds that cooperate on investment diligence, marketing intelligence, corporate relationships, and co-investments. The DVN Beta program focuses on supporting budding VCs and exposing them to the world’s best investors and investment infrastructure. It is also meant to be a testing ground for first-time funds and alternative funding models.
“We are thrilled to bring in GHV as a member fund,” said Tim Draper, Founder of Draper Associates and Draper Fisher Jurvetson. “Josef and Alon have a great reputation for networking and inclusion. We are confident that they will be a great source of deal flow and wisdom to the network. We look forward to working with their team and their portfolio companies going forward.”
By joining DVN Beta, GHV accesses a global nexus of business development
opportunities and tech hubs with a local footprint in emerging economies around the world.
“GHV has amassed an incredible, global platform,“ says Gabe Turner, DVN’s Executive Director“By providing strategic introductions and access to partner funds, corporate partners and industry leaders, we will bring visibility and scale to their portfolio.”
GHV’s portfolio companies also benefit through this partnership by gaining access to a worldwide network of capital and expertise while procuring entry into localized private events and exclusive gatherings.
“As a former DVN portfolio company CEO, I had access to DVN’s incredibly powerful, global network and private events,” said Alon Goren, Founder of GHV. “Later as a venture partner for one of their funds, I experienced just how valuable DVN can be from the other side of the table. When we decided to formalize GHV, Gabe and Tim were our first call, and we couldn’t be more thrilled that they asked us to join them.”
The partnership will deliver more exposure to early-stage blockchain and crypto startups for DVN, as well as provide GHV with a larger global entryway for investment opportunities.
“We are humbled and excited to gain access to a vast network of funds and resources that not just GHV, but also our portfolio companies will benefit from directly,” said Josef Holm, Founder of GHV. “This takes our strategy of amplifying and exposing the work of the best blockchain entrepreneurs in the world to a whole new level.”
About Goren Holm Ventures (GHV)
Goren Holm Ventures (GHV) was founded in 2018 as a limited partnership between founders Alon Goren and Josef Holm. The firm has evolved to a venture studio, accelerating six startups and incubating 3 more, while simultaneously producing the premiere blockchain and cryptocurrency events in the Los Angeles area, Security Token Summit and Crypto Invest Summit. Sponsors for GHV events have included American Airlines, tZero, and eToro, and prior keynote speakers include Steve Wozniak of Apple, Anthony Pompliano of Off the Chain Podcast, and Shruthi Rao of Amazon Web Services. More information can be found at GorenHolm.com
About Draper Venture Network (DVN)
Starting in 1990, Draper Venture Network has grown into a self-governed organization of independent venture funds on four continents who cooperate on investment diligence, marketing
intelligence, corporate relationships, and co-investments. Draper Venture Network is a robust venture collective that brings together experienced investors with innovative entrepreneurs from around the globe to share strategies, source opportunities and create value. All member funds maintain independence while raising capital and managing investment decisions. More information can be found at DraperNetwork.com.
Blockchain Platform For $100 Billion Luxury Brand Comes to Life Abeer Anwaar May 21, 2019
Luxury brand conglomerate, Louis Vuitton and Moët Hennessy otherwise known as LVMH, has stepped into the blockchain space as it announced to launch a blockchain-powered platform, Aura, for authenticating high-end luxury goods.
LVMH, the owner of the iconic Louis Vuitton label, controls over 60 luxury brands across various categories like watches, jewelry, perfumes and cosmetics, fashion and leather goods, selective retailers, even wines and spirits.
The group reported revenues of $53 billion in 2018 only, in addition to Louis Vuitton, another LVMH brand Parfums Christian Dior, has struck a partnership with the blockchain software technology company, ConsenSys and Microsoft for their blockchain endeavor. LVMH recruited a full-time blockchain team, which purportedly has been operating in secrecy for over a year now, working in alliance with ConsenSys and Microsoft Azure.
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The partnership resulted in the platform named, AURA, a cryptographic provenance platform specifically designed to serve the entire luxury industry with powerful product tracking and tracing services. According to the press release:
AURA makes it possible for consumers to access the product history and proof of authenticity of luxury goods — from raw materials to the point of sale, all the way to second-hand markets.
AURA is a new blockchain, based off of the permissioned version of the Ethereum blockchain, called Quorum. Designed through JP Morgan’s partnership with the Ethereum Enterprise Alliance, Quorum specifically focuses on data privacy as well as transparency.
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The technology can store unique information about every product stored on a shared ledger and customers are then able to use the brand’s official application to obtain a certificate, offering details about its background. According to reports, AURA will also offer ethical and environmental information, instructions for product care and warranty services. It is expected to go live later in May or June with Louis Vuitton and Christian Dior initially, however, it will be extended to LVMH’s other 60-plus luxury brands and eventually those of its competitors.
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The team behind AURA hopes that in the near future it will be used by rival luxury brands as well, which will enable them to offer tailor-made services and strengthen customer loyalty. According to Ken Timsit, managing director of ConsenSys Solutions:
AURA is a groundbreaking innovation for the luxury industry. ConsenSys is proud to contribute and to work with LVMH on an initiative that will serve the entire luxury industry, protecting the interests, integrity, and privacy of each brand.
Although not much was revealed regarding the platform but it is expected that AURA will be used to prove the authenticity of LVMH’s luxury products, allowing for the tracking of origins to the point of sale. The second stage of the project, according to reports, will explore the protection of creative intellectual property, in addition to exclusive offers, events for customers and anti-advertising fraud.
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However it is not the first to propose the idea of an authenticity-tracking blockchain, there are other luxury brands provenance platforms out there. The French startup Arianee claims to be building perpetual relationships between brands and owners made of trust, respect and transparency. The startup boasts former employees and advisors from luxury brands such as Tiffany’s, Omega, Balenciaga and the Richemont group.
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The team behind Arianee created a new blockchain, which was a copy of Ethereum, thus combining both permissioned and permission-less elements through its use of a consensus mechanism, it’s calling “proof-of-authority.” It is permissionless in the sense that users who are interested in selling their products to one another can interact with the blockchain, but the verification of the ledger and issuance of new tokens is controlled by the participating businesses.
Furthermore there have been other high-end brands that are turning to blockchain technology for the reason of provenance. Recently, the premium scotch whiskey brand Ailsa Bay, which is owned by William Grant & Sons (WG&S) and has yearly revenue of about $80 million, was in the news for releasing world’s first scotch whisky tracked with a blockchain-based system.
READ ALSO: Pharma Meets Blockchain – Solution to $450 Billion U.S. Industry
Blockchain group in New Zealand requests official govt blockchain strategy
Blockchain NZ the New Zealand based blockchain industry group, announced that they are requesting a national blockchain strategy from the government, according New Zealand news outlet Scoop Independent News.
Mark Pascall, the executive director of Blockchain NZ is set to give a presentation next Thursday to the New Zealand parliament’s economic development, science and innovation select committee hearing on potential economic advantages of implementing blockchain technology solutions in New Zealand.
The presentation is set to just be an introductory seminar that will feature blockchain, Bitcoin, smart contracts, security tokens, and decentralized autonomous organizations. Pascall spoke further in depth on his mission for blockchain in 2019 and what this presentations purpose is:
“So, we really want government to take blockchain seriously and produce a strategy. We can help them with that so we strike a balance between trying to plan for an unpredictable future and taking some action so we realize huge potential economic benefits for the country.”
Blockchain NZ consists of an array of blockchain oriented businesses, organizations and experts, first formed in 2016. Blockchain NZ is working toward getting New Zealand to join the likes of other countries that have national blockchain strategies implemented.