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NET Tokens Set To Be Frozen Forever: Time Is Running Out To Activate Your NIM

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Summary: Nimiq announces NET token end-of-life: The last and final opportunity ends on Friday, November 30, 2018 (3:00 PM GMT).

Surfacing in early 2017, Nimiq is the first browser-based blockchain and aims to be the most accessible, high performance, decentralized payment system. The Nimiq mainnet and its native NIM token have been operational since successful launch on April 14, 2018. Holders of the existing Ethereum-based (ERC20) NET token, used for project fundraising, have long been asked to claim their corresponding NIM tokens through the NIM Activation process. This process is coming to an end and with it, the NET token smart contract will be terminated (End-of-life of the NET token).

Following three deadlines and more than seven months of time to activate, the Nimiq team recently extended the NIM Activation grace period and now are giving NET holders a final chance to make use of their NET and claim corresponding NIM tokens. As of publication, around ~1’600 NET addresses had a balance of 10 NET or more with a total of ~20% of the original NET token supply outstanding for NIM Activation.

The last and final opportunity to complete NIM Activation ends by Friday, November 30, 2018 (3:00 PM GMT). As the NET tokens’ sole purpose is to use them to activate corresponding amounts in NIM tokens, the NET token smart contract will be stopped in conjunction and all blockchain movement of NET tokens immutably ends. NET holders should also expect delisting and ceasing of exchange trading any time prior to that deadline.

NIM Activation is done at a ratio of 100 NIM token per 1 NET token and takes respective NET out of circulation. NET holders should be aware that they must pass a KYC process to activate their NIM.

Details about end-of-life of NET token and instructions on this last chance to put your NET token to use and activate NIM are published on Nimiq’s official blog: https://medium.com/nimiq-network/attention-end-of-life-net-token-1cf7d8ee6cff

The Nimiq team has also expressed concerns over bad actors taking advantage of the activation period. They have warned users that actors could impersonate the project. The only trusted information sources are the official Nimiq website https://nimiq.com, the project’s Medium blog https://medium.com/nimiq-network and the official Twitter account https://twitter.com/nimiq.

Contact: Ricardo Barquero | Email: press@nimiq.com | Website: nimiq.com

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Neteller to Launch a Crypto Exchange

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The way to make sure that the cryptocurrency momentum continues and that cryptocurrency credibility occurs is when big companies begin offering services based around cryptocurrency and other features of blockchain. This was certainly the case when Neteller recently announced it will offer a cryptocurrency exchange service in addition to its digital wallet services. The company announced that the 28 currencies compatible with the fiat wallet were able to buy, sell, and hold cryptocurrencies – including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin. It makes sense to begin with Bitcoin and Ethereum as they are seen as the originators of what cryptocurrency and blockchain can do and also the future of how blockchain can be used, despite news that Ripple may be set to topple them all. Neteller’s move into cryptocurrency shows it has its sights set on a bright future of cryptocurrency and making it more accessible. But where do they stand now?

Neteller and Cryptocurrency

Neteller are optimistic about the exchange features of the digital wallet, claiming that they plan to add more cryptocurrencies in the near future. Neteller’s benefit is the ease at which one can begin their cryptocurrency trading journey. Not only do a range of banks offer services to fund the wallets and exchanges, but so do a variety of online payment options. This helps remove the barrier to entry that exists in…

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MGO Will Likely Generate Substantial Gains During 2019

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My new year’s resolution is to put the past year behind me and start fresh.  This means to stop worrying about past losses and focus on all the exciting projects that blockchain technology has made possible.  When analyzing new projects, I tend to look for projects that have 2 advantages; growing industry and lack of competition.  Companies with these advantages have always done well in the equity markets and there is no reason to believe they won’t do well in the crypto markets.  MobileGo (MGO) is one such project that will be one of the biggest winners during the next 12 months.

MobileGo’s currency, MGO, performed better than nearly every other token during the past 12 months.  While most altcoins were plunging by more than 90%, MGO is only down about 50%.  And, since September, the MGO token has exploded by more than 200%.  These trading gains can be attributed to increasing adoption rates of the MGO token, most notably on the Xsolla platform.

Xsolla is a global powerhouse within the gaming industry.  It’s a gaming platform that provides developers with critically important services such as marketing, billing, distribution, payment processing, and fraud prevention.  Xsolla’s pay station allows for every developer in the world to monetize by providing 700+ payment types.  The company also has a global presence that is unmatched by reaching 200+ geographies, utilizing…

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BlockchainDefender Reports on a Lack of Trust in the Crypto Industry

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BlockchainDefender
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The cryptocurrency industry reached its peak market capitalisation in January 2018, nearly reaching $800 billion. However, even with such a large market capitalisation the industry faces a lack of trust.

BlockchainDefender recently released a report examining this lack of trust.

Questions Answered in the Report

Within the report, BlockchainDefender clearly outlines its goals. The first question to answer lines up with the title of the report and asks how market sentiment affects the market capitalisation of a cryptocurrency. The report also aims to determine which digital currencies have the best and worst online reputations, spot variations in digital currencies’ reputations by countries, and see where the online negativity most frequently gets published. The second section of the report compares the online reputation of traditional trading exchanges with crypto exchanges, and the final section explores the impact of a crisis on a cryptocurrency’s price.

Market Sentiment, Trends, and Capitalisation: Study One

The first study of the BlockchainDefender report begins by confirming that the number of searches for cryptocurrency and the online sentiment regarding digital currencies correlate with the global market capitalisation of the crypto market. This is confirmed via ups and downs in all values from January 2017 to July 2018, all clearly displayed on an easy-to-read graph.

To examine differences in online sentiment towards cryptocurrency in various countries, BlockchainDefender used search results and analysis in each country’s native language.…

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