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Icon (ICX) Launches Blockchain Incubator as Part of New Project

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Icon (ICX) is one of many currencies that are currently in the process of bouncing higher as the majority of cryptocurrencies are going up while trying to rebound from the market crash that was negatively affecting the price of our favorite assets for more than eight weeks in a row. However, bouncing higher is not the only thing ICX has been up to as Icon Foundation is focused on a new project as launched by their own team. Let’s see how the new project may affect Icon in the time to come as well as discover more details on the mentioned ICX project.

Icon and the Blockchain Incubator

Just like NEO is considered to be the Chinese Ethereum with an unspoken promise of dethroning Ethereum, Icon is considered to be South Korean Ethereum across numerous crypto communities. What we are most interested at the moment is a brand new project that is being launched by the Icon Foundation, where the mentioned interest is justified by the importance of the project, not only for Icon but for ICX and crypto community as well.

Apparently, Icon Foundation is launching a blockchain incubator, known by the name Deblock.

Deblock project is made possible thanks to a collaboration between Icon Foundation and a marketing company called AD4th which is in the business with digital advertising. As far as the project concerned, Deblock will work similar to the way business incubators are working, which means that there will be opportunities for all ICX users who would like to launch their project and potentially get it funded and launched eventually.

Deblock will serve the purpose of enabling all interested users in easily pitching their projects via Deblock blockchain incubator, while the most interesting projects would be funded, analyzed and supported. During the process of pitching and leading projects to realization, all participants will be advised on the main points of their projects with the idea of developing blockchain technology and contributing to mass adoption and mass use of blockchain technology and blockchain-based products and services.

Deblock will, of course, run on ICX network while it is expected to have over 300 projects to work on and develop during the course of 3 years where 50 of these would be completely and exclusively funded.

All of the 300 projects will be covered in the field of sponsorship, which means that all projects would be promoted with a serious marketing strategy with the cause of getting the best projects funded.

The chosen participants would be able to enjoy all the perks included in the blockchain incubator which means that the best projects would get marketing coverage, support, relevant advising, promotion and aid in development.

This project will not only affect Icon Foundation in a positive way but may also lead to further development of blockchain-based technology and contribute to the overall expansion of the world of digital assets and decentralization.

Further, on this matter, this project should definitely lead to the expansion of Icon Network given the fact that Deblock as a project has the main goal of making Icon the biggest decentralized application network in South Korea, which is a pretty flattering status.

One is for certain, and that is the fact that Icon is indeed showing improvement in its pace of growth, partially thanks to Deblock and the idea of the blockchain based incubator as initiated by their collaboration with AD4th. AD4th, as stated, is planning on expanding the market towards the 4th Industrial Revolution, as implicated by the company’s name. Their influence will be based on blockchain technology and business.

How is Icon doing at the Current Moment?

Being traded on Bithumb and Upbit for the last month have surely influenced the growth of Icon beside by other factors such as the launching of Deblock. The growth of ICX was also affected by a massive rebound all currencies are going through at the current moment as the market is slowly recovering from the latest crash.

After the most recent change in the market, Icon had another amazing increase and it is trading in the green, which has been the case for days now.

After the latest change, ICX has gone up for 9.01% against the dollar, while it is also rising in oppose to ETH and BTC, which means that ICX is growing at the faster pace of growth than Bitcoin and Ethereum at the moment.

In addition to rising against the dollar for over 9%, ICX is rising against BTC and ETH for 3.01% and 3.37%.

After the rise of a bit over 9% against the dollar, Icon can now be bought at the price of 3.50$ per one ICX unit. The current price is still four times lower than the record price of ICX as marked at the beginning of 2017, in January, when this currency was valued at the price of 12.47$ per one ICX token.

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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.

Image courtesy of dconvertini via Flickr

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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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