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The First ICO Template For Neo Has Been Launched

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NEO has been awarded its first ICO template and it reportedly ticks all the requirements for launching a successful campaign.

The rising popularity of ICOs has given rise to the need for ICO templates and most of them are modified to suit specific needs. ICOs involving the digital currency known as Ethereum have particularly been popular. So popular that the team behind the digital currency has been creating guides on how to create and distribute tokens. Smart contracts are thus important in such dealings. The fact that Ethereum deal with smart contracts means it was only a matter of time until ICOs started popping up in NEO’s ecosystem.

The emergence of Neo ICOs has thus necessitated a template. Its availability is expected to make it significantly easier for many organizations and projects to launch their ICOs on NEO’s network. Most people prefer to host ICOs on the Ethereum network but it is clear that infrastructure cannot always handle the rapidly growing demand for tokens. This is because the Ethereum network tends to clog up every time an ICO is launched on the network, thus leading to problems.

It is currently not clear whether NEO’s network will also face the same problems especially considering that its network or infrastructure is not much better than that of its counterpart. However, it is clear that the situation with Ethereum’s ICOs might force people to shift to alternatives. The open-source nature of the recently launched template is also expected to attract a lot of attention as time goes by. But then again there is also the matter of the Chinese government’s involvement in cracking down on ICOs, and NEO developers might thus find themselves in problems for allowing ICOs to take place on the NEO network.

The developers claim that the platform is currently not being scrutinized by the Chinese government but no officials have confirmed whether that is the case. Fortunately, NEO’s ICO templates overcome some major problems involved in ICOs through various features such as inbuilt refund capabilities. Another vital feature is the ability to reject transaction when necessary. This can be applied especially in cases where people attempt to send money after the crowdsale is concluded. Transactions in such cases will be rejected which means the money will not leave the digital wallet of the sender.

One of the most impressive aspects of the new template is the fact that it adheres to KYC regulations. Any NEO address involved in an ICO has to be approved through a KYC service. An address automatically becomes eligible for an ICO upon verification. These measures are aimed at making ICOs safer. The lack of regulation has previously aroused a lot of opposition from governments all over the world.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

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Bitcoin Investors – Keep Your Eyes on Inheritance Tax

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The IRS recently warned crypto investors to pay their bitcoin taxes or amend returns that have been misreported. By sending out warning letters, the IRS essentially put the magnifying glass on all crypto investors. 

This magnifying glass is about to get even bigger following a recent court order delivered on August 26 by a Florida court. If you are a crypto enthusiast, then you have likely heard of Craig Wright, an Australian computer scientist who has attracted criticism over his claim that he is the mysterious bitcoin inventor, Satoshi Nakamoto.

Craig “Satoshi” Wright was sued by the estate of his former business partner, the late Dave Kleiman. Kleiman is a bitcoin pioneer who died in 2013. Before his death, Dave and Wright had allegedly mined over a million bitcoins together.

Craig Wright to hand over 500,000 BTC worth over $5 billion

In the August 26 order, Judge Bruce Reinhart of the Southern District Court of Florida said that Wright should hand over half of the bitcoin (BTC) that he and Dave had mined before the latter’s death.

That’s 50% of the 1.1 million bitcoins Craig Wright and Dave Kleiman allegedly mined together going to the plaintiff – Dave’s brother, Ira Kleiman. Ira…

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How Will Mozilla’s Firefox Private Network Affect the VPN Market?

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Mozilla announced earlier this month that its web browser, Firefox will block third-party trackers for everyone by default. And last week, the company announced another interesting product that could revolutionize the browser market.

The new product dubbed Firefox Private Network will act like a virtual private network (VPN) although the company thinks what it is building is something different from the conventional VPN. The new product is expected to give Firefox users more privacy online by providing an encrypted path to the web.

One major difference between the Firefox Private Network and the traditional VPN is that Mozilla’s product is web-based, which means you can only access its services when browsing the internet using the Firefox browser.

This presents an interesting challenge to other developers of web platforms including Google Chrome, Microsft Edge, and Apple’s Safari, among others. It also poses a potential threat to VPN service providers since this could be a substitute product to the already existing services.

The company recommends its new product to those using public Wi-Fi or those that want to hide from ad trackers. Nonetheless, this is not a comprehensive VPN service and will be a huge let-off for VPN providers.

In addition, while the service is available originally free on beta, Mozilla said that this is only for a limited time. So, clearly, a premium service will eventually replace the free pilot…

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eToroX Review: A Top Cryptocurrency Exchange

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eToroX Review

eToroX is a digital assets exchange which features a cryptocurrency trading exchange as well as a crypto wallet. eToroX is created by the same group that operates the eToro forex and CFD social trading platform, but this Exchange is for trading, buying, selling and exchange of cryptocurrencies and blockchain-based/tokenized assets.

Regulation and Ownership

The crypto wallet and exchange services offered by eToroX (a company incorporated in Gibraltar and owned and operated by the eToro Group) are regulated by the Gibraltar Financial Services Commission. eToro X is a regulated DLT provider with licence number FSC1333B.

Fees

Two types of fees are incurred by eToroX users: exchange fees and wallet fees. Exchange fees relate to deposit/withdrawal transactions and charges on trading activity. eToroX does not charge for deposits. Trading fees are either maker (limit orders) or taker fees (market orders). Maker/taker fees are tiered and are adjusted by trading volume.

Monthly Volume

Maker fees

Taker fees

Tier-1
<$100,000

0.10%

0.24%

Tier-2
<$500,000

0.09%

0.22%

Tier-3
<$1,000,000

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