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Red Pulse: Rise of the Phoenix (PHX)

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Red Pulse

From the ashes of the bear market encompassing the cryptoverse, a powerful altcoin is rising to meet the needs of a new economy. Red Pulse Phoenix (PHX) is up over twenty percent over the past day and it doesn’t look like it’s ready to stop.

Phoenix (PHX) is the newest token swapped from the original Red Pulse (RPX) currency in August. Having successfully made the transition to an improved infrastructure, this alternative currency is flying high along with its investors as volume picks up alongside the company’s valuation.

But the story behind Phoenix (PHX) starts in October of 2017, as an exciting ICO gained steam under the token’s original brand, Red Pulse (RPX).

Research on the Blockchain

Red Pulse (RPX) began as a smart contract ecosystem built on the NEO blockchain. The motivation behind the team’s efforts included a desire to bridge the knowledge gap hindering global participation in Chinese industry. China, of course, has the 2nd largest economy in the world, yet remains difficult to understand for investors living outside of this massive country’s boundaries.

The accuracy and transparency of information relating to Chinese industry are lacking, to say the least. An overload of information and a broken research content ecosystem led Red Pulse (RPX) to find a blockchain solution. Utilizing their native cryptocurrency for transactions and blockchain for a publicly verifiable ledger, the new Red Pulse research content ecosystem was born.

The success of the venture has now allowed the team behind Red Pulse to innovate a new infrastructure suite. The rise of the gig economy and stringent regulatory requirements inspired the team to add a variety of brand new elements to their original infrastructure. The upgraded currency was rebranded alongside their open research platform, and Phoenix (PHX) was born.

Phoenix (PHX) is a revolutionary cloud-based solution to the cumbersome and manual nature of the expert network business model. The Phoenix network connects research consumers and producers with machine learning, language processing, and blockchain technology.

Technical Specifications

The Phoenix (PHX) network is implemented using ‘Proof of Creation’. Submitted content invokes a hash function on the NEO blockchain, converting the content into a hash script. This unique script is stored and registered as a non-fungible digital asset, proving creation and existence.

‘Proof of Ownership’ is also employed, allowing transfer of ownership while maintaining the immutable data attributed to the original creator.

Regulatory compliance, IP protection, and accountability are all improved significantly in the new Phoenix (PHX) research ecosystem. Providing an immutable record of specific information requests, comparing new and existing hashes and associating a distinct wallet address to each on-chain item, Phoenix (PHX) has risen from the successful implementation of the original Red Pulse (RPX) smart contract.

From the Ashes to the Sky

The Red Pulse Phoenix token (PHX) can be found on Binance and is currently leading the pack in today’s section of market gainers. As the coin market prepares for a rise of its own, early leaders like Phoenix (PHX) stand ready to take a significant share of the new participation coming into the cryptoverse.

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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 Pexels

Altcoins

Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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Messari Adds DigitalBits (XDB) & Branded Currencies to its Registry

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One of the top providers of crypto data and research tools on digital assets Messari has announced the addition of DigitalBits (XDB) to the Messari Registry. As a participant, DigitalBits governing body, the XDB Foundation will be providing regular updates and commit to transparency. The DigitalBits blockchain was built to support consumer digital assets – branded currencies.  As the company stated, “a global, legacy digital asset class, branded currencies play a vital role in consumer-brand interactions, and account for billions of dollars in value.  Branded currencies issued on the DigitalBits blockchain will also be included within the Messari Registry.”

Additionally, Messari and the XDB Foundation “may explore the buildout of a novel registry to accommodate branded currencies tokenized on DigitalBits. This registry would address issues consumers face when determining the legitimacy of branded currencies and their respective organizations,” the announcement said today.  The goal is to provide a standardized framework for organizations leveraging branded currencies, certifying asset legitimacy, and clearly outlining characteristics including but not limited to asset issuance and organization identity.

Commenting on the news, Messari representatives said they recognize the potential for the use of branded currencies to grow in the future as more enterprises embrace blockchain technology. Ben O’Neill, Vice President, BD & Operations at Messari said the Registry will help all…

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3 Reasons Why WISE Token Could Be a Massive Winner in 2021

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WISE token

After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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