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Civic (CVC) Gets a Crypto Charged Beer Vending Machine: Enables Blockchain ID Verification

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Civic

Civic (CVC) has just become another crypto to get its vending machine, and although not the first digital asset to achieve this, Civic has found its purpose in real life. We all remember that IOTA got its own crypto charging station for electric vehicles, which is based in the Netherlands, with the plan to expand to other countries as well. With this achievement, IOTA has become the first crypto to have its own vending machine, however, Civic followed up soon afterward after partnering up with Anheuser-Busch InBev.

Civic Gets a Beer Vending Machine

Weeks ago we were able to witness IOTA becoming the first currency to get its own charging station for electric vehicles that is driven by IOTA’s network Tangle, that way making IOTA the first crypto to get its own vending machine.

However, IOTA is not the only crypto with this title, as Civic just joined it as a product of the recently sealed partnership with Anheuser-Busch InBev.

Thanks to this partnership, Civic has got its own beer vending machine that is operating on CVC units.

Moreover, Civic has stepped up its game by enabling a feature that allows the vending machine to recognize the age of the user by using blockchain-based information, that way preventing a minor to use the vending machine and buy alcohol illegally while using Civic.

This is pretty important for Civic as well as for regulatory purposes of blockchain-based assets, as although Civic allows transparency, safety and anonymity with transactions, it shows that it doesn’t support lawbreaking, so the feature of age recognition is a pretty neat addition to the system of this vending machine.

At the same time, with this move, Civic showed that this digital asset owns the technology needed for mass adoption and applied blockchain technology for real-life purposes, also demonstrating the functionality of blockchain-based technology.

The vending machine was presented at the Consensus 2018 that was held during the last week and the announcement about the beer vending machine running on crypto came out around May 13th.

At the Consensus, investors could go ahead and try the beer vending machine. The team behind CVC claims that the vending machine could be easily modified to respond to Bitcoin and other digital assets as well.

The team behind Civic stated that they also wanted to change the fact that “we trust our ID verification to people who are often unqualified”, they wanted to change that and since they have enabled the feature of age recognition, Civic stated that they have enabled anonymous blockchain-based ID verification.

How Is Civic doing at the Current Moment?

The market is once again adopting a sluggish trend so we can see the majority of currencies going down with the market trend while trading in the red.

CVC is not an exception, so we can see it dropping against the dollar as well.

During the course of the last 60 days, CVC has shown a positive move in the market as we can see it rising up by 22% against the dollar in the period of the last two months.

However, the period that followed afterward didn’t do so well to Civic so we can see CVC dropping against the dollar in the period of the last 30 days while trading in the red by -13%.

Likewise, we can see it dropping on its weekly charts, including the chart during the last 14 days where CVC is seen dropping against the dollar by -24%.

In addition to trading in the red in the last 14 days, CVC is also dropping against the dollar in the period of the last seven days so we can see it trading in the red with a drop of -16%.

Following the latest change in the market and with the majority of the currencies going down in the red, Civic is also dropping at the end of May 21st and the beginning of May 22nd.

After the most recent change in its value, CVC has gone down by 4.69% against the dollar, while it also going down against ETH and BTC.

During the last 24 hours, CVC has dropped against BTC by over 3% while trading in the red against ETH by over 1%.

Civic can now be traded at the price of 0.322$ per one unit, which is still far from its record price of around 1.33$ per one CVC as set back in January.

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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

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has…

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