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DeepBrain Chain (DBC): The First AI Blockchain Platform

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DeepBrain Chain

You have surely heard of DeepBrain Chain in case you are faithfully following up with crypto technology and artificial intelligence. In case you haven’t heard of DBC, you should know that this platform is the first Artificial Intelligence computing platform collided with blockchain technology. In the spirit of revealing more about this currency as well as to find out how well DBC is doing on the market, we are analyzing DeepBrain Chain and its AI platform.

What exactly DeepBrain Chain is?

Besides from having a neat rhyme in its title (NOTE: joking with irrelevancy of noted information!), DeepBrain Chain represents the first AI blockchain platform ever to be created. The DeepBrain Chain network is built upon NEO platform – one of the largest blockchain platforms in the world of cryptocurrencies after Ethereum. So, we can smell a huge story there already at the beginning.

The main idea behind DBC network is to help start-up companies that are inspired by Artificial Intelligence and everything related to this wonder of the New Age, to easily fund their project. The only condition a start-up must meet is to be interested in developing and implementing practical Artificial Intelligence products, services, and systems.

Since Artificial Intelligence programs and projects demand massive amounts of power, DBC network has come up with the idea to create a decentralized blockchain platform that would provide these start-ups with the needed energy by powering up the blockchain with a large network of computers. In this case, the computers being used for powering up this network belong to members of DeepBrain Chain that are keeping their computers running so the information related to AI and the start-ups could be easily “crunched” without compromising the system.

To make this power-sharing meaningful both for the start-ups that are using the energy and for the members providing the power, all DBC users that are a part of this computer network are being rewarded for their contributions. So, that is how DBC members are enabled to earn their DBC tokens simply by sharing their computers with the network, at the same time contributing to the “greater good” across the community.

Once the providers get their DBC tokens, they can sell them, use them or store them just as they would if the tokens were bought. So, there’s a neat way for earning some tokens for anyone interested.

How well is DeepBrain Chain doing at the current moment?

Given the fact that DeepBrain Chain entered 2018 with high hopes, the beginning of the current year wasn’t easy in this currency.

Only 30 days ago, DBC was down for over -50% and three months ago this token was traded as non-existent with the value of 0.00$ per one unit. On the bright side of the story, DBC did get a portion of the expected rise in 2018 as this currency jumped for over 15% against the dollar a couple of days ago. The rise was noted in volume, and the jump was surely seen as a positive change unseen in a long time for DBC.

But, then we had another drop today on February 16th, only a couple of days after the initial rise. The drop was marked within a 24h period, and it totaled a fall of -6.41%.

That means that DeepBrain Chain tokens are currently being traded at 0.1198$ per one unit, which is DeepBrain Chain’s all-time high within the past 200 days.

That being said, it seems that even after the most recent drop DBC has gone through, this token is doing pretty well in oppose to the previous state of its price.

The total market capitalization of this coin is 107 million dollars, which is a huge deal given the fact that this currency is still very young when compared to a mass of other coins and tokens.

DeepBrain Chain was launched in November 2017, so you need to take in mind that this currency is still very young, so having a value of 0.1198$ is a great step towards what is expected from DBC.

How well will DeepBrain Chain be doing in 2018?

After trading as non-existent only 100 days ago and with having a huge downfall just 30 days ago, 2018 finally started as planned for DeepBrain Chain, having this token traded at o.1198$ per one unit.

Since DeepBrain Chain is unique in the world of cryptocurrencies, related to Artificial Intelligence, you can say that there is huge investment potential in this network. If you add the fact that DBC is also operating on one of the largest blockchain platforms, like Neo, high hopes for this token are entirely and realistically justified.

If you also believe that DeepBrain Chain is destined to make a massive success by the end of the year, the time for investing in this network has never been better as you can still make bulk investments as the price is still reasonably low.

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.

Image courtesy of coinmarketcap.com

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.

NFTs are already being actively traded in markets globally. For…

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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 been…

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