FREE BITCOIN

Gamble as you want,

your wife will never find out!

First p2p bitcoin betting platform!

Guess Bitcoin’s trend and win!

Clever enough to guess

Bitcoin price?

Binance and NEO Invest $12 Million in Crowd Equity Platform - Global Coin Report
Connect with us

Blogs

Binance and NEO Invest $12 Million in Crowd Equity Platform

Published

on

Binance
READ LATER - DOWNLOAD THIS POST AS PDF

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.

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Pexels

Blogs

Top 3 Crypto Trends That Might Go Big in Q2 2019

Published

on

crypto trends
READ LATER - DOWNLOAD THIS POST AS PDF

So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

Continue Reading

Blogs

The Crypto Space Once Again Divided Over Bitcoin SV

Published

on

Bitcoin SV
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

Continue Reading

Blogs

Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

Published

on

Ripple
READ LATER - DOWNLOAD THIS POST AS PDF

One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

Continue Reading

Elite