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Binance and NEO Invest $12 Million in Crowd Equity Platform

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A recent attempt to raise money, made by the crowd equity platform called Republic, has had an interesting and unexpected development. The platform managed to raise $12 million thanks to Binance Labs, NEO, and other companies. The amount raised is for a presale of their new token, while the total goal for the platform is to raise $92 million during the public sale.

Investment in Republic

On June 5, Binance Labs announced the $1 billion investment fund for the blockchain technology. According to the announcement, this is to be the incubator for the future blockchain projects, and it will be run by Binance, the crypto exchange. The exchange is known for providing pre-ICO projects with necessary funds, which often come through their own token BNB.

Binance Labs’ head, Ella Zhang, stated that the platform Republic can bring new opportunities regarding the investments, especially when it comes to retail investors. They will have the ability to join in funding and creating brand new startups. She added that Binance’s, as well as the Binance Labs’ teams,  are collaborating in order to secure the freedom of value-exchange. The exchange and the company believe that Republic might be the key to achieving this goal, or at least the next step towards it.

Another party that joined in early into investing in this platform is Neo Global Capital, well-known for its NEO cryptocurrency. It was joined by Passport Capital, Jeffrey Tarrant, and East Chain Co. All of these parties invested into the company, and also purchased its tokens.

So far, Republic’s plan is not yet entirely known, since the whitepaper containing the details has yet to be published. However, the platform has, in fact, revealed the funding model that it decided to use. It is called SAFEST, which is short for Simple Agreement for Future Equity and Security Tokens. Basically, what this will do, is that it will allow the investors to make a choice regarding the nature of their investment.

More precisely, they will have an ability to choose whether they wish to make a full investment in digital currency, or would they rather split it and add up to 20% of the investment as equity in the firm. Also, if something unexpected happens, and the launching of the tokens is canceled, the investors will have the option to move their entire investment from tokens to equity.

Kendrick Nguyen, the co-founder of Republic, has stated that the entire ecosystem that they are dealing with right now is extremely new. Because of that, he urged the investors and all participants, in general, to be very careful and responsible during the conduction of the fundraising.

Similar investment projects

Neo Global Capital is also known for its $1 million investment when it comes to Moonlight, a smart economy workforce platform. This is a platform that has a goal of simplifying the recruitment and employment of talents by various organizations. Moonlight then allocated 20% of the funds from the upcoming coin sale in order to help NEO’s development by funding the projects that will increase its ecosystem.

Another recent announcement by Binance Labs included the Community Influence Fund during Zhang’s online broadcast. According to the announcement, the company will make an investment into cryptos and blockchain startups, and the investment will come in form of BNB tokens. Several projects already received investments from this company, including Oasis Labs’ MobileCoin, as well as Certik, which is a verification platform.

Additionally, Binance Labs has entered a collaboration with up to 20 partners, with a goal of creating the Binance Ecosystem Fund. Changpeng Zhao, the CEO of Binance, has announced support for the ICO market. The statement also says that this is necessary for the further development of the crypto space. He also added that there are aspects that need more work, and definitely some that need proper change, but that the business model as a whole is more than viable.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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