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DeepBrain Chain (DBC) Is Rebranding While Implementing A Reward System

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DeepBrain Chain
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After the announcement made by the official DBC team stating that DeepBrain Chain is not valued as it is supposed to be, the team announced buying off 40 million DBC units from investors and holders. Struggling to obtain a price that could fairly describe DBC’s true value, the team bought off the mentioned amount in March, which is probably the reason why we see DeepBrain Chain trading in the green. That is now all from DBC when it comes to novelties as DeepBrain Chain is stepping into the next quarter in the sign of a fresh start. Let’s see what DBC has been up to these days and find out more about their new website in addition to revealing more information about DBPoints.

DeepBrain Chain and the New Website

If you are one of the DBC followers on Twitter, you have had a chance to see the announcement about the launching of the new website on April 8th, when the DBC team has officially announced it.

After the past announcement that DBC is going to buy off 40 million of DBC units form the existing investors, it was more than obvious that the team behind this AI currency is preparing for rebranding. That is how they have implemented some novelties into their brand by launching a new website and calling out to all users, holders, and investors to sign up in their new official site, which is actually the first version of the planned rebranding.

That means that the current website that has become available for users as of April 8th, is v1.0 while the team is still working on the official version of the website that will be released as DBC’s official v2.0.

For now, they are testing the new interface and the newly implemented reward system as well as checking for how well is rebranding passing among users and holders, as well as whether the rebranded version of the site will attract new users and potential investors. That is how DBPoints reward system comes into the spotlight.

The team is looking forward to getting feedback from the users of the new site, calling out to all testers to provide feedback by sending their thoughts and observation directly to the digital address they have provided in their original tweet about the new website. That way, the team will be able to improve v2.0 of the website before they go on with launching it.

DeepBrain Chain and DBPoints

We have already had a chance to see how Aelf (ELF) did well by having its price pushed up even when the market was plummeting thanks to the candy reward system they have briefly implemented into their operations.

DeepBrain Chain has developed a similar reward program that is already working benevolently on DBC’s price in the market, pushing its value and promoting it as a valuable currency.

On April 10th, the team has tweeted about the point system they have implemented while promoting a free giveaway of these points for all users who register on their new website and/or click the “Follow” button on their official Twitter account.

In the initial tweet, the team explained that DBPoints serve the purpose of representing rewards for DBC community where these points can be exchanged for DBC units or used for purchasing chosen products from DBC Loyalty Shop, which has become a part of their new rewarding system.

DeepBrain Chain Team has got a New AI Savvy Member

DeepBrain Chain is really working at a full steam ahead as they are continuing with an aggressive marketing campaign. Via Twitter, after the latest announcements on launching the first version of their new official site in addition to having implemented a reward system where DBC community will get a chance to earn DBPoints, the team had another interesting announcement.

The announcement came more as a competitive tease as the team tweeted about having a very important team member joining DBC. On this occasion, the team has tweeted that one of the global Artificial Intelligence leader is joining their team. They have also provided a link to the Reddit post related to this matter, inviting all followers to comment their opinion on who this member is.

The tweet also stated that the first person who guesses the mystery DBC member will be rewarded with 5000 DBC, which is needless to say an amazing marketing move, as it can already be seen in the latest benevolent performance of DBC in the market.

The team has been tweeting clues about the mystery member joining their team, encouraging followers to join the guessing game worth of 5000 DBC. Later on, on April 12th, they announced that the person who joined their team is respectfully Mr. Dongyan Wang, an AI expert who has become Chief AI Officer of DeepBrain Chain.

How is DeepBrain Chain doing at the Current Moment?                                           

DeepBrain Chain was going through a rough patch up till the recent events when the team behind this AI currency decided to buy off 40 million DBC units, so they would be able to raise the price of DBC and sell the bought units once DBC’s price goes up. This was the case because the team believed that their currency’s price didn’t match its true value.

After the latest change in the market, DBC is trading in the green although the majority of currencies are going down with the most recent wave of drops in the market.

In the last 24 hours, DeepBrain Chain has gone up by 2.43% against the dollar, which means that this currency is currently being traded at the price of 0.052$ per one DBC unit.

DBC was on the peak of its market value in early January when this token was being traded at the price of 0.63$ per one unit, where everyone expected to see this token rising above the value of 1$ per one DBC token.

However, the token started to plummet with the market crash where it continued to crash further from that point. Although DBC is still far from its record price, it is expected to see some improvements in its market value due to the latest novelties and the new addition to the DBC team.

We will be updating our subscribers as soon as we know more. For the latest on DBC, sign up for our free newsletter!

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 Jason Taellious via Flickr

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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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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Hodium
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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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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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