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ODUWA: A Decentralized Solution to Crypto Volatility

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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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How Cryptocurrencies Will Change Online Gambling in the Future

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online gambling
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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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Bitcoin
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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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