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ODUWA: A Decentralized Solution to Crypto Volatility

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ODUWA
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ODUWA seeks to offer a viable solution to one of the biggest challenges associated with cryptocurrency investments – volatility. It is a crypto exchange and trading platform that offers optional insurance protection against depreciation.

The past year saw the crypto industry as a whole achieve unprecedented highs with most major cryptocurrencies experiencing exponential growth. This has made the sector highly appealing to investors wishing to diversify their portfolio and get a piece of the pie. Interestingly, the same factor that leads to its high appeal also poses the highest risk for investors. Few other sectors have assets that can register such massive increments within a single year as was the case with the top performing cryptocurrencies. Bitcoin started the year 2017 at $830 and hit an all-time high of more than $19,000 by mid-December. But at the beginning of 2018, its prices have dropped by more than half.

Such trends highlight the simple fact that while volatility can prove highly appealing in bullish markets, it can also lead to major downfalls when the tides turn. This makes it a high-risk industry especially for traders who lack the necessary skills for trend analysis. ODUWA proposes a solution that is designed to make the cryptocurrency market appealing for both experienced and novice traders. It makes use of a combination of insurance and blockchain technology to indemnify investors against loss. ODUWA has devised a number of strategies to make this possible.

Insurance on Select Cryptocurrencies

First, the platform offers a blockchain-based insurance solution against the devaluation of select digital currencies. This feature is made possible by the use of a smart contract deployed at the time of purchase with a stop loss and take gain functionality set for a specific period. The crypto asset investment options are carefully selected by experts and AI algorithms in order to guarantee the lowest risk options as at that particular time.

In order to qualify for this selection process, a coin has to have a minimum market capitalization of $5 billion. This would limit the list to coins with reasonable performance and rule out those that are struggling. The platform will initially start out with only four reliable crypto coins and gradually expand to include others.

Completely Risk-Free Investment

The impact of this careful selection process will be that there will be more buyers for the qualifying coins during the period and this will serve as additional protection against risk. This serves as a guarantee for investors that market conditions are ideal for the listed coins and in case of depreciation within the stipulated period, ODUWA absorbs the risk. The platform only charges fees when assets appreciate and this means that investing in any selected asset is completely risk-free.

Contractual Terms

Investors using ODUWA simply need to sign up and select the most suitable package in proportion to the value they wish to insure. The insurance cover will cover such aspects as the type of insurance desired, the duration as well as the associated risk level among other parameters. The durations range from 90 days to 180 days depending on investor preference.

Once all conditions are stipulated and payment is made, a smart contract is automatically triggered. The system will automatically monitor all relevant insurance events and use an oracle to feed data into the smart contract. In case of a claim, the policyholder will receive a payout according to the terms of the smart contract.

The approach proposed by ODUWA should provide benefits way beyond the platform. The concept has the capacity to stabilize the crypto market by limiting the volatility that has to a great extent crippled its growth. It also holds the potential of creating a trust economy for all kinds of traders, new and seasoned. And the best part for investors is that at present, the platform has no competitors.

Token Details

The total supply of ODUWA coins (OWC) in the market is 21 million tokens. The platform is running a crowdfunding event that aims to raise a total of $3,150,000, a process that began on February 8th, 2018 and is scheduled to run till April 5th, 2018. The tokens are currently available for purchase at 21 cents but those willing to spend $50,000 or more have the opportunity to buy them at 15 cents. There will be a final stage ICO running from April 5th, 2018 to May 5th, 2018 during which investors can buy the tokens at 90 cents. The ODUWA platform should go live in May 2018.

More information on the platform and the ongoing ICO is available on the project’s official website.

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 Wally Gobetz via Flickr

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Property Loans for Foreigners in Singapore That You Must Know About

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property loans for foreigners in Singapore
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Intending to invest in a residential or commercial property in Singapore?  

When it comes to foreigners applying for a loan in Singapore, things can be pretty hard regardless of the reason whether you need the property for personal or business purposes.  

In Singapore, buying a property is challenging, whether you are a foreigner or a native, and sometimes applying for a loan is the only way for you to afford it.  

HOW MUCH CAN YOU BORROW FOR A PROPERTY LOAN IN SINGAPORE? 

As for the Foreigner Loans, in Singapore, there is an exact amount of money you can borrow to finance the purchase of a property.  

In this sense, Singapore has the Loan to Value Ratio (LTV).  

The LTV ratio is what determines the exact amount of money you can borrow for a property loan, which changes depending on where you try to obtain the loan:  

  • If you are applying for a bank loan, you can borrow a maximum of 75% of the value of the property you want to purchase. That means if you are looking for a property that costs $500.000, the maximum amount of money a bank lender can give you like a loan in Singapore is going to be $375.000. 
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CoinField Launches Sologenic Initial Exchange Offering

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Sologenic
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CoinField has started its Sologenic IEO, which is the first project to utilize the XRP Ledger for tokenizing stocks and ETFs. The sale will last for one week and will officially end on February 25, 2020, before SOLO trading begins on the platform.  Sologenic’s native token SOLO is being offered at 0.25 USDT during the IEO.   

Earlier this month, Sologenic released the very first decentralized wallet app for SOLO, XRP, and tokenized assets to support the Sologenic ecosystem. The app is available for mobile and desktop via the Apple Store and Google Play.  The desktop version is available for Windows and Mac.

“By connecting the traditional financial markets with crypto, Sologenic will bring a significant volume to the crypto markets. The role of the Sologenic ecosystem is to facilitate the trading of a wide range of asset classes such as stocks, ETFs, and precious metals using blockchain technology. Sologenic is an ecosystem where users can tokenize, trade, and spend these digital assets using SOLO cards in real-time. The ultimate goal is to make Sologenic as decentralized as possible, where CoinField’s role will be only limited…

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Many of the Top Sports Betting Websites for 2020 Can Be Found On Boomtown’s Best Betting Page

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Sports betting is one of the widely known types of online gambling. With a large number of sports fans around the world, this type of gambling is one of the most sought after. The problem usually comes from when gamblers try to find the best sites out of the many available ones. Many new sports betting sites come up daily, thus making the selection process even harder. One of the best places to find top betting websites for sports is Boomtown Bingo. This platform doesn’t just give users the best online casino games websites, but they also cover sports betting. As such, boomtown bingo remains a one-stop-shop for everyone who needs the best and the latest online gambling and gaming sites for all types of devices.

Performance

The performance of any website is critical. Users need to find their way around the site easily, and that can be made possible with the site structure and arrangement. Loading time is also essential. A website that always hangs thus pushing the user to refresh every time is no good. These are some of the factors that Boomtown Bingo looks into when selecting the best sites for its users. You can be sure that the new sports betting websites listed on Boomtown’s platform have faster loading time, can be used easily by everyone,…

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