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GeoCoin (GEO) Could Quickly Reach $20 From Here

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GeoCoin (GEO) has been incredibly active over the last couple of weeks. The coin was trading at around $2.24 a piece at the start of January and by January 5 had risen to more than $16 a coin. Price in the wider markets collapsed at pretty much the same time that GEO reached these highs and this coin was on exception – GEO bottomed out at $5.23 on January 17.

From high to low, that’s a crash of close to 70%, in excess of even the biggest corrections from some of the larger coins.

As the wider market has started to recover, the question that many GEO holders are asking now (and, indeed, many market participants that are looking for trade opportunities and are thinking about picking up an exposure to this one) is, are we looking at the start of a longer-term recovery from here on out for GeoCoin?

Let’s try and answer that one.

GeoCoin is an interesting concept. It’s a cryptocurrency in the same way as something like bitcoin is, in that it’s designed to be used as a method of value exchange and storage, but it’s also designed to overcome some of the issues associated with the current established coins.

GEO Daily Chart

GEO Daily Chart

Primarily, and this is what we might call the coin’s lead differentiator, is that every coin that’s in circulation has an associated geolocation, accurate to within 11 square meters, on earth.

This is important for a few reasons.

First, it limits supply and, more importantly, backs up supply with something physical. The coinholders don’t own the land that its linked to, of course, but the fixed representation allows for the second reason this is important – pegging.

The coin can peg to the dollar or the euro or any other fiat currency and, in turn, is able to ensure a degree of low volatility – something that has become all the more relevant over the past few weeks as bitcoin and others have crashed.

This pegging isn’t in place yet (it’s on the roadmap for the entity behind the coin) but that it’s a possibility gives this concept real legs as far as long-term appreciation is concerned.

The coin is also distributed differently – it’s acquired by what’s called snapping, which is a system through which a user downloads an application, finds a coin through the map interface and then sends a request to a satellite to acquire the GeoCoin. If it’s available (i.e. no one has already acquired this same coin based on the longitude and latitude coordinates), it’s transferred to the wallet of the user.

So that’s what this coin is all about – let’s get to our initial question, what comes next?

This month, GeoCoin is going to transfer from its own blockchain to the Ubiq blockchain and, in doing so, become an ERC20 compliant token on the Ubiq network. This should add a much-needed degree of credibility to the project and we think that, in turn, it’s going to attract a wave of speculative interest into what’s going on at GeoCoin HQ.

Additionally, and importantly when it comes to these sorts of switches, the transfer to ECR20 is being supported by the major exchanges, most notably Bittrex, which is allowing for a direct 1:1 swap on any balances held at the exchange ahead of the transfer date.

All this is expected to take place on January 25, so we think that traders will likely pile into GEO over the coming few days in anticipation of the Ubiq shift bringing with it a wave of speculative interest in the coin and the company behind it.

We will be updating our subscribers as soon as we know more. For the latest on GEO, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.


Image courtesy of GeoCoin

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ONGX – Tokenized Ownership of Pharmaceutical Facility Listed on HOBIT.io

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OncoGenerix.io and OGInvest Limited have announced that the ONGX Token will be tradable via the Hobit.io exchange. The ONGX Tokens are built on the ERC20 blockchain protocol, serve as a SAFE (which stands for “simple agreement for future equity”), and will be exchangeable at the option of the investor for equity-token securities.  The ONGX Token offering is a first-of-its-kind digital investment opportunity, the company stated, as it offers tokenized ownership of a pharmaceuticals manufacturing facility. Through ONGX Tokens investors have an opportunity that is typically available only to industry insiders and large investment firms, the company stressed. 

“We are excited to see OncoGenerix.io work with Hobit.io, as we believe it is a strong ecosystem to provide ONGX investors with potential liquidity. We believe ONGX is the pharma industry’s largest digital offering to date, as measured by target investment size, underlying valuation, and production capacity of the asset. The ONGX Token brings pharma production investments to a much larger audience and democratizes the pharma investment opportunity,” said the president of Hobit.io Mr. K. Holtser.

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The OncoGenerix project anticipates to benefit from a combination of the OncoGenerix plant’s strategic location, favorable valuations of pharma manufacturers, and continued global pharma market growth. As a novel and generics pharma producer, OncoGenerix specializes in injectable…

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Business incubator GDA Ventures acquires first client MobileGo, introduces MGO Token for blockchain gaming

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GDA Ventures, a business incubator backed by the GDA Group of companies, has  announced its first client – blockcain gaming platform MobileGo (MGO). The MobileGo project was initially launched in 2016 and focused on gaming, with significant closed partnerships including Unity and Xsolla, the gaming industries leading game engine and one of the most utilized payment processing providers. 

GDA Ventures 

Similar to many early blockchain projects, MGO built a significant community and blockchain offering while securing partnerships with top companies in the industry. The 2018 market crash combined with failed deliverables from various signed partners slowed the project down. Now, as crypto sees a revitalization, MobileGo has engaged GDA Ventures to restructure and revive the MGO project, the two companies announced.

“This is a huge step forward that will continue to bring innovation and originality to the blockchain gaming ecosystem; benefiting developers, gamers and everyone in between. We are very excited to work with GDA Ventures as their experience with venture incubation and development will help take MGO to the original heights set out in 2016, becoming an industry pioneer that bridges the gap between gaming and blockchain,” the MobileGo team announced in a statement.

MGO co-founders were some of the first to recognize that peer-to-peer gaming and unique…

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SyncFab Boosts Aerospace Division While Strengthening MFG Token Utility

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Manufacturing blockchain company SyncFab has been selected as an official showcase solution finalist for the United States Air Force AFWERX program, the company announced this week. AFWERX is a community of innovators devoted to creating a faster and smarter US Air Force. SyncFab showcased its technology enabling agile manufacturing and reverse engineering of mission-critical component parts. 

SyncFab MFG Token

Additionally, Jason Smith, a veteran in the aerospace industry, joined the SyncFab team recently.  Smith possesses a tremendous knowledge of the industry, having worked with L3 Vertex Aerospace, the United States Air Force, commercial airlines, and government agencies to uncover business opportunities for engineering, maintenance, and repair services. 

SyncFab’s advisory board has also welcomed Urs Breitmeirer, former group CEO RUAG Swiss Aerospace Defense CO to boost the blockchain adoption strategy. 67% of space and aerospace executives anticipate the combination of blockchain distributed ledger technology, AI, XR, and quantum computing will have a transformational impact on their organization as reported by Accenture. With thousands of suppliers responsible for delivering advanced and innovative components or materials to Tier 1 suppliers and OEMs, supply chain and logistics have long been critical to the success of every major aerospace and defense program, SyncFab team stated.

This substantial reinforcement of the core team at SyncFab is expected to help boost the aerospace industry…

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