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The Past Few Days of Bytom: How Things are looking for BTM HODLers - Global Coin Report
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The Past Few Days of Bytom: How Things are looking for BTM HODLers

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Bytom
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When Bytom was first introduced to the crypto-traders in August 2017, it took the entire world by surprise with its unique blockchain ecosystem. Unlike Bitcoin’s single layer or Ethereum’s double layer system, Bytom offers a triple layer platform consisting of a transaction layer, a transmission layer, and an asset interaction layer. Right at the beginning, Bytom exhibited a price surge that took it to a market cap of nearly 200 million US dollars and it reached its pinnacle during the April of this month when its market cap crossed the $1 billion mark.

Although this currently has been unable to show any conspicuous upsurge in the past two months, BTM’s development team has been working tirelessly on several aspects to make this currency even more efficient and convenient. On June 15th, Bytom team released a comprehensive progress report containing major updates occurred in the past week.

Here, some of those developments would be discussed to depict a picture of its present condition along with its probable future.

Major Project Updates: 

Bytom team has made considerable progress in project development as well as community building during the previous week. They posted major updates on a couple of their projects namely:

  • Bytom Eco Conference: The team officially announced about the Eco Conference that is about to be held on 29th of June, 2018 in Wuzhen, China. All of the core community members along with the contributors, technical developers, and Bytom ecological partners would attend the conference themed as “The Taste of Blockchain”. This conference is likely to generate some new and ingenious ideas with an entirely new perspective and consequently make its ecosystem more secure and convenient.
  • Venture Capital Project: Venture capitals hold a significant position in the global cryptocurrency trading at the moment. On 10th June 2018, the CEO and founder of Bytom Duan Xingxing attended the 20th China Venture Capital Forum and gave a keynote speech about the nuances of blockchain technology. If Bytom becomes successful with a few major venture capital organizations, going up the ladder in the cryptocurrency market is likely to become a lot easier despite the market’s volatile nature. Since most of the reputed venture capitals are based in China, attending this forum could make a significant impact on BTM’s future.

Updates Regarding Mainnet Swap:

A significant number of exchanges and wallets supported Bytom’s token swap and completed the same over the past week. Some of these exchanges include:

  • io: Gate.io was the first exchange to support Bytom Mainnet and completed the token swap successfully. Besides, this exchange also announced its support for Bytom Mainnet asset along with ERC-20 asset. As of now, the deposited BTM coins on this exchange would be swapped automatically.
  • OKEx: OKEx also finished BTM token swap last week along with providing their support for Bytom Mainnet Asset. Also, the South Korean counterpart of this exchange also released some necessary information and data pertaining to this incident.
  • RightBTC: This exchange announced the completion of token swap on June 6th. As a result, now the users would need to perform any operation on the exchange and Bytom will be swapped automatically from ERC-20 to the Mainnet asset.
  • CoinEgg: The deposit and withdrawal process on this exchange was temporarily suspended due to Bytom’s token swap during last week. However, the process was successfully completed on the 13th of June while resuming deposit and withdrawal system back to normal.
  • KuCoin: One of the most reputed exchanges in the world KuCoin also announced their support for the Mainnet token swap of Bytom where they also mentioned about the automatic completion of this process while announcing the specific plan separately.
  • Bibox: Like the exchanges mentioned above, Bibox also announced its support for Bytom Mainnet swap along with deposit and withdrawal of Bytom Mainnet assets. Now BTM users would be able to swap their coins on this exchange without any operation.

Besides these exchanges, Bepal wallet, imToken, Huobi, Bitpie, Bixin, Hufu, BigOne, GDEX, and many others have announced their support for Bytom Mainnet token swap.

Notable Listing:

On 11th June, Bytom was listed on FCoin exchange with BTM/USD trading pair. FCoin is a well-known cryptocurrency exchange with various cryptocurrency trading pairs. This listing is likely to increase the circulation and popularity of Bytom to the crypto-traders around the world.

Other Developments:

On 14th June, Bytom announced the Bytom Global Ambassador plan. The aim of this plan is to cause an expeditious growth of this cryptocurrency in the market. Once the plan is implemented, it would provide a significant number of advantages to the traders starting from multilingual translation and content support to various pieces of platform information necessary to conduct trading.

Also, the Bytom team announced a very lucrative airdrop of 270,000 BTM tokens on 8th June 2018.

Current Condition of Bytom:

As of 18th June 2018, this cryptocurrency is going at a rate of 0.55 per US dollar approximately while having a market capitalization of nearly $550 million. The coin holds the 29th position on Coinmarketcap at the moment. The price chart of this coin is currently showing a steady and stable trend without any major escalation or downfall.

Final Thoughts: 

We all know that the principal characteristic of this market is volatility and therefore, it is practically impossible to pinpoint the future of a certain coin. However, with new community and project developments, BTM is showing considerable promise. Ergo, if you are a user of this coin, holding onto it wouldn’t be a bad choice.

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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.

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VOLUM uncorks its track and trace platform for global alcoholic beverage producer ISBG

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VOLUM onboards global wine and spirits producer, ISBG, to simplify its supply chain process with a track-and-trace platform that digitizes and reduces traditional paperwork

 

ESTONIA — March 2019 — VOLUM, the blockchain ecosystem for enterprises, is announcing that ISBG, a global producer of alcoholic beverages incubator, is partnering with VOLUM to implement its platform into its sales and distribution process. The VOLUM platform digitizes and simplifies both traditional paperwork and the supply chain process, using its operational smart contracts.

 

A supply chain can be a difficult process to track and trace. A comprehensive system of organizations, activities, information, and resources have to be accounted for, not to mention the overwhelming amount of paperwork. So, what’s a large corporation to do, if it truly wants to accelerate its supply chain while cutting back on paper waste? VOLUM has developed a blockchain framework that allows enterprises to convert traditional paperwork into a digital process while safeguarding all transactions and steps within a company’s supply chain.

 

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Blockchain-Focused ETF Arrives on London Stock Exchange

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blockchain-focused ETFs
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The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

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The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

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Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

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Jeff Bezos
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Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

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