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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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How Cryptocurrencies Will Change Online Gambling in the Future

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Anyone who has followed online gambling since the beginning can tell you that things don’t stay the same for long. One of the reasons for this is that technology improves at such a ridiculously fast pace, and innovators in this industry are able to match up with those technological changes pretty quickly.

An innovation in technology that the Internet gambling industry has really learned from is cryptocurrency, with bitcoin in particular leading the way. We’ve seen it emerge as an alternative banking method, but it’s going to change the industry as a whole in ways that people can’t quite understand yet.

A Post-Legality Era

Something that has eluded online gambling since its inception is the idea of a global governing body. As it stands right now, each individual country (and smaller units of jurisdiction) have their own governing bodies that oversee in the industry. A lot of these laws are tied to banking laws, and that’s where the legality of playing in bitcoin casinos becomes such an interesting topic.

In the present, we’re seeing country-based regulatory bodies from places like Malta, Gibraltar and the United Kingdom start to work together and recognize each other’s licenses more and more. That’s taking serious steps towards having a global governing entity, and once that happens, the role of bitcoin is going to be even larger than it is now because it’ll…

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VOLUM (VLM) Announces Commencement of Token Generation Event

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ESTONIA, May 4, 2019 – VOLUM (the “Company”), a multi-dimensional blockchain technology holding company, is thrilled to announce the commencement of the Volum (VLM) Token Generation Event (“TGE”) beginning on Saturday, May 4. The VLM utility token is the native cryptocurrency powering the VOLUM supply chain and logistics management platform.

Driven by algorithmically intelligent software tailored to logistics and supply chain management, along with Internet-of-Things (“IoT”) integrated functionality, and a backbone of hybrid public and consortium blockchain architecture, the platform is organized around the Volum (VLM) token. The VOLUM TGE will be managed by deploying ERC20 tokens on Ethereum Mainnet to maximize future access to cryptocurrency exchanges.

The VOLUM platform operates as a comprehensive control center for supply chain and logistics management operations. Companies who use this platform will be able to carry out a wide range of blockchain transactions including: Payments, Rewards, Purchase Orders, Legal Contracts, Regulatory Compliance, Taxation, Shipment Management, Letters of Origin, Customs Documents, Inputs/Outputs and Inventory Ordering, Delivery/Parcel Tracking, IoT Monitoring and Reporting, Big Data Analytics, and Inputs and End-Product Tracking/Traceability.

“The total addressable market for a blockchain-based supply chain solution is nearly $54 trillion globally, with the majority of the world’s workers playing some part of this equation” noted Arnaldo A. Detrés, CEO of Bengala Technologies, LLC, the principle blockchain developer working to build the VOLUM platform. “However, blockchain solutions have been unable to…

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How to Secure Yourself in Relation to Bitcoin: Top VPN Services

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Nowadays, more frequently people opt to use cryptocurrency such as Bitcoin while dealing with financial transactions for its convenience, so its increasing prevalence isn’t round-of-the-mill phenomenon but still, its users need to create fully protected cooltechzone to secure their data.

Recently, a great abundance of VPNs have started to accept it as a way of payment and it definitely makes sense: one buys VPN to retain anonymity on the Web, so why not to use the privacy-focused payment method? Paying for a VPN service with Bitcoins or any other cryptocurrency secures personal data from curious eyes leaving no traces.

What is a VPN?

Virtual Private Network (VPN) is generally presented by the group of linked to each other computers via the Internet. VPN boosts protection and provides a high level of anonymity to all types of Internet connections.

Security

While the connection to the ordinary Wi-Fi networks, a user usually gets access to the Internet directly, thus he becomes vulnerable to the hackers and the malware attempting to steal his personal data. On the other hand, applying VPN one transmits and gets data in encrypted form which makes it protected.

Anonymity

Generally, isn’t hard to trace an Ip-address of any user and to identify his location with sufficient accuracy. With the help of VPN, the attacker will only get the address of the removed computer. Undoubtedly, the safeguard…

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