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
TRON Partnership Involves Cloud Computing
It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.
— Justin Sun (@justinsuntron) October 12, 2018
Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.
Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.
However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.
Will Ripple (XRP) advocacy hike affect bitcoin dominance of China?
Currently, China is leading in Bitcoin mining industry by far, second to none for bitcoin mining power. Literally, it’s contributing over 70% of the network’s hash rate (a term that is used in describing the total processing power of a blockchain network). But how Ripple fits in here and what it has to do with that? We’ll talk about that a bit later below, let’s cover some in-depth facts about China’s dominance over Bitcoin first.
It’s a near-complete dominance by China on the BTC mining grid that has made it responsible for mining a majority of circulating bitcoins. A Beijing-based company, Bitmain Technologies, is highly responsible for extracting the significant part – more than half of the globe’s bitcoin, and alone, it has approached 50% of the total hash rate more than once.
The fact that China is controlling a majority of Bitcoin hash rate, clearly tells that it has the power of manipulating or merely destroy the bitcoin network if it gets enough support should it decide to take such a move. Therefore, this has led to serious concerns among countries including the US that China might get an edge in this cryptocurrency industry and possibly becoming a potential threat.
China is the biggest manufacturer of Bitcoin as well as cryptocurrency mining equipment. The reason behind the massive growth of mining farms in the country is because of cheap electricity bills.
Furthermore, the country has adopted several…
Ravencoin (RVN) Surges Following Binance Listing
While most cryptocurrencies today still remain unstable and at the edge of falling into the red, there are some coins that are doing significantly better. One such coin is Ravencoin (RVN), which has surged by over 26% in the last 24 hours.
Ravencoin came to be as a hard fork of Bitcoin and was inspired by a popular book series-turned-television programme, Game of Thrones. The coin’s developers decided to make Ravencoin an open-source project that provides users with the ability to declare assets on their platform. The platform itself is decentralized, transparent, and secure.
Just as Game of Thrones’ ravens are used for spreading the news and truth, Ravencoin hopes to become a carrier of truth regarding the ownership of assets on the blockchain.
Ravencoin’s main use case is for performing P2P transfers, while it prioritizes security, autonomy, user privacy, and control. Additionally, as a coin fighting for truth and transparency, it also stands against censorship.
Ravencoin got listed on Binance prior to MainNet launch
Following the last week’s announcement that Ravencoin is getting officially listed on Binance, the world’s largest cryptocurrency exchange ba trading volume, Ravencoin experienced a large price surge. At one point, the surge took the coin’s value up by over 31%. At the time of writing, however, the coin is still growing, with an increase of 26.15% in the last 24 hours.
Getting listed on Binance has brought Ravencoin to the top…
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