Business – AtoZcrypto https://atozcrypto.org Thu, 09 Apr 2020 10:17:43 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.4 https://atozcrypto.org/wp-content/uploads/2018/01/cropped-AtoZ-32x32.jpg Business – AtoZcrypto https://atozcrypto.org 32 32 6 Famous Discontinued and Uncommon U.S. Currency Denominations https://atozcrypto.org/6-famous-discontinued-and-uncommon-u-s-currency-denominations/ https://atozcrypto.org/6-famous-discontinued-and-uncommon-u-s-currency-denominations/#respond Thu, 09 Apr 2020 10:17:43 +0000 https://atozcrypto.org/?p=3899 The Rarest of Bills A completely cashless society sounds clean and convenient, and although we’ve made huge strides, we’re not quite there yet. Despite the magic of PayPal, Square, credit cards, and mobile wallets, some of us need to carry around a handful of greenbacks. While we can choose from a rich array of singles, fins, sawbucks, Jacksons, $50s, and …

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The Rarest of Bills

A completely cashless society sounds clean and convenient, and although we’ve made huge strides, we’re not quite there yet. Despite the magic of PayPal, Square, credit cards, and mobile wallets, some of us need to carry around a handful of greenbacks. While we can choose from a rich array of singles, fins, sawbucks, Jacksons, $50s, and Benjamins, there are several other denominations that the U.S. Treasury has discontinued—or that are just plain rare. Here are the most notable ones.

$2 Bill

The $2 bill originally featured a portrait of Alexander Hamilton, but was later redesigned to portray Thomas Jefferson. Aesthetically, the $2 bill is something to behold. The reverse side features a reproduction of one of the most famous paintings in American history: “Declaration of Independence” by John Trumbull.

Excluding the decade from 1966 to 1976, $2 bills have been printed uninterruptedly since the Civil War. Yet, the average American who doesn’t handle cash for a living can go years without seeing one. While the $2 note is still in circulation and the Bureau of Engraving and Printing recognizes it as legal tender—it is considered to be the rarest currency denomination in the U.S.

$500 Bill

The Treasury minted several versions of the $500 bill, featuring a portrait of President William McKinley on the front. The last $500 bill rolled off the presses in 1945, and it was formally discontinued 24 years later in 1969.

Like all the bills featured here, the $500 bill remains legal tender. Most $500 notes in circulation today are in the hands of dealers and collectors. That being said, should you come into possession of a $500 bill, you’d find that its market value far exceeds its face value, with even worn specimens commanding upward of a 40% premium on the open market.

$1,000 Bill

The original $1,000 bill featured Alexander Hamilton on the front. When someone presumably realized that it might be confusing to have the same former Secretary of the Treasury on multiple denominations, Hamilton’s visage was replaced with that of another president: the 22nd and the 24th, Grover Cleveland. Like its smaller cousin the $500 bill, the $1,000 bill was discontinued in 1969. And like the $500 bill, the $1,000 bill would seem to have a lot more use now than it did then.

Why? Inflation, of course! The Consumer Price Index was at an estimated 36.8 back in ’69, while it’s at about 240 now, meaning that a $1,000 bill today would be the equivalent of a relatively modest $153 bill during the Summer of Love. Does it make any sense that we’ve lost larger denominations as the value of a dollar has gotten progressively smaller? The Treasury argues that keeping the denominations inconveniently small minimizes the possibility of money laundering.

That being said, hold onto a $1,000 bill that finds its way into your palm even more tightly than you would a $500 bill. There are only 165,372 of these bills bearing Cleveland’s visage still in existence.

$5,000 Bill

The $5,000 bill was initially issued to finance the Revolutionary War and was only officially printed by the government when the Civil War began. The bill was graced with a portrait of James Madison. President Richard Nixon ordered that the bills be recalled in 1969 due to fear of criminals using them for money-laundering activities.

Finding a $5,000 bill today takes pluck, luck, and significantly more than $5,000. Fewer than 400 of these notes are believed to exist.

$10,000 Bill

Salmon P. Chase might be the most accomplished politician in our nation’s history never to have served as president. But even though he was a governor of, and senator from, Ohio, served as Secretary of the Treasury under Abraham Lincoln, and became chief justice of the Supreme Court, Chase is remembered by most people as “the guy on the $10,000 bill.”

The largest denomination ever printed for public consumption, the $10,000 bill never got much use. This lack of use is understandable, given that its value outstripped the net worth of the average American during most of the time the bill was available. The bill was first printed in 1934 and was part of the 1969 purge of large currencies. Like its $5,000 counterpart, only a few hundred authenticated samples survive.

$100,000 Bill

Featuring a portrait of Woodrow Wilson, the $100,000 note was actually a gold certificate that was never circulated or issued for public use. The Bureau of Engraving and Printing created them during The Great Depression in 1934, for conducting official transactions between Federal Reserve banks. Only 42,000 of the $100,000 bills were ever printed.

While the $100,000 bill can not be legally held by collectors, some institutions like the Museum of American Finance display them for educational purposes. The Smithsonian Museum and some branches of the Federal Reserve system also have these rare bills in their possession.

source: https://www.investopedia.com/6-famous-discontinued-and-uncommon-u-s-currency-denominations-4773302?utm_source=personalized&utm_campaign=dfp&utm_term=19943312&utm_medium=email

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Wirex Rewards https://atozcrypto.org/wirex-rewards/ https://atozcrypto.org/wirex-rewards/#respond Wed, 18 Mar 2020 14:07:17 +0000 https://atozcrypto.org/?p=3875 Refer-a-Friend programme Get even more out of Wirex with our innovative crypto rewards programmes. Refer-a-Friend lets you earn free Bitcoin by inviting your friends and family to join Wirex, while Cryptoback™ gives you cashback in BTC on all in-store purchases made with the Wirex Visa card. The Refer-a-Friend programme is open to all Wirex users. …

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Refer-a-Friend programme

Get even more out of Wirex with our innovative crypto rewards programmes. Refer-a-Friend lets you earn free Bitcoin by inviting your friends and family to join Wirex, while Cryptoback™ gives you cashback in BTC on all in-store purchases made with the Wirex Visa card.

The Refer-a-Friend programme is open to all Wirex users. Any user can now invite their friends to join the Wirex community – and get rewards for it. To earn up to $10 in BTC, share your unique Wirex referral link and start inviting your friends and family to register.

Learn in this guide:

Have you been invited to join Wirex? Check out how to complete the Refer-a-Friend programme.

How to share the referral link

For web app users:

  1. On the Dashboard, click Wirex Rewards.
  2. Under the “Referral link” field in the Wirex Refer-a-Friend programme section, click Copy. Your link is now copied to the clipboard.
  3. Paste the link into your chosen instant messaging service, email or social media platform. You will be notified if your friend uses this link to register with Wirex.

For mobile app users:

  1. On the Dashboard, tap Rewards.
  2. On the Rewards screen, tap the Invite friends and earn Bitcoin.
  3. On the Refer-a-Friend screen, tap Share link.
  4. Paste the link to any kind of a messenger or a social sharing platform. You will be notified if your friend uses this link to register with Wirex.

How to edit a referral link

As part of the Refer-a-Friend programme, you will be assigned a nickname. This is automatically generated for you using your first name and last name.  Your nickname forms part of your unique referral link. You can edit your referral link up to 5 times. Your previous links also remain active.

For web app users:

  1. On the Dashboard, click Wirex Rewards.
  2. Under the “Referral link” field in the Wirex Refer-a-Friend programme section, click Edit.
  3. Personalize the link and click Save.

For the mobile app users:

  1. Tap the gear icon in the top right corner of the Dashboard to go to Settings.
  2. Tap Profile.
  3. In the Profile details, tap Nickname.
  4. In the Nickname field, enter the name you would like to use as a part of your referral link.

How to redeem the referral program rewards

As a referrer, you and your friend can receive rewards in two stages:

  • $5 in BTC once your friend buys $100 worth of crypto (BTC, LTC, XRP, ETH) with their linked credit/debit card
  • Another $5 in BTC when the same friend orders a contactless Wirex Visa card and makes their first in-store purchase.*

*applicable to the territories where you can order the Wirex card.

Your rewards are stored in the Rewards section of the app. They can be redeemed instantly into your Bitcoin wallet.
 

Note: the rewards are redeemed only in multiples of 100 Satoshi (e.g. 100, 200, 300, 500 Satoshi, etc.). In order for a referrer to receive referal program rewards, their referree must complete the above transactions within 60 days of registration.  

For the web app users:

  1. On the Dashboard, click Wirex Rewards.
  2. Click Redeem rewards.
  3. Review the amount you want to redeem.
  4. Click Redeem.  You will see a confirmation screen and the rewards will be transferred to your Bitcoin wallet.

For the mobile app users:

  1. On the Dashboard, tap Rewards.
  2. On the Rewards screen, tap Redeem.
  3. Review the amount you want to redeem, then tap Confirm.
  4. You will see a confirmation screen and the rewards will be transferred to your Bitcoin wallet.

     source: wirexapp.com

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Inside Pundi X’s troubled plan to take Bitcoin mainstream https://atozcrypto.org/inside-pundi-xs-troubled-plan-to-take-bitcoin-mainstream/ https://atozcrypto.org/inside-pundi-xs-troubled-plan-to-take-bitcoin-mainstream/#respond Sat, 15 Feb 2020 18:24:05 +0000 https://atozcrypto.org/?p=3830 The innovative fintech company launched two years ago with a $34 million ICO and an ambitious plan to equip thousands of retailers with crypto POS terminals for Main Street users. So far, it hasn’t turned out that way. dealshaker.com Thomas Newman liked the idea of customers at his graffiti gallery in Asker, Norway, paying for …

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The innovative fintech company launched two years ago with a $34 million ICO and an ambitious plan to equip thousands of retailers with crypto POS terminals for Main Street users. So far, it hasn’t turned out that way.
dealshaker.com

Thomas Newman liked the idea of customers at his graffiti gallery in Asker, Norway, paying for things in Bitcoin. So, nearly a year ago, he purchased an XPOS, a mobile point-of-sale device that would allow his clientele to easily use Bitcoin to buy cans of spray paint, or murals.

But now the thing is gathering dust. “Norwegians are not really ready to embrace blockchain technology,” said Newman, who runs an online storefront and showroom, Montana Cans. “It works magnificently, it’s a great machine, it has amazing potential … But if the customers are not willing to actually use crypto to pay for stuff, what’s the point?”

It’s not just Norwegians. Hardly any consumers, anywhere in the world, are ready to use crypto as a payment scheme, if the experience of Pundi X—which manufactures the XPOS—is anything to go by.

dealshaker.com

Pundi X’s dream

The company, known as a fintech innovator, was an ICO high flyer after it raised $34 million in January, 2018, and an “emerging star” in KPMG’s FinTech 100 report. It had ambitious plans to sell more than 100,000 of its crypto POS terminals by 2021. But so far, large-scale retail adoption hasn’t taken hold and lucrative deals that the company has announced, for upwards of $17 million worth of devices, haven’t yet materialized. Indeed, of the 100,000 terminals it expected to ship, only a few thousand have moved. A scant 1,000 are “activated” today, the company told Decrypt. 

Among the largest and best-publicized point-of-sale companies, Pundi’s strategic misfires make it a bellwether for an industry which has struggled to find users. But although the company acknowledged its lackluster performance, it remains optimistic that “if you build it, they will come,” as co-founder and CEO Zac Cheah said in late 2018.

Pundi X co-founder and CEO Zak Cheah

“As of today, over 1,000 XPOS [have] been activated,” Judie Liu, a Pundi X spokeswoman, told Decrypt. She said that despite the modest number of machines in use, “in 2019, we have handled 22.6 million USD worth of crypto transactions across XWallet, XPOS and XPASS cards.”

“We do believe that all the currencies will eventually move to the blockchain,” she added. “The XPOS platform plays an important part in facilitating speedy blockchain-based transactions in physical retail outlets.”

Continue to read here: https://decrypt.co/19563/onecoin-promoters-using-tv-drama-to-promote-ponzi-scheme

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Coinbase’s New Asset Listing Process https://atozcrypto.org/coinbases-new-asset-listing-process/ https://atozcrypto.org/coinbases-new-asset-listing-process/#respond Sat, 25 Jan 2020 11:16:42 +0000 https://atozcrypto.org/?p=3799 The new process begins with a form for issuers to submit assets for listing at Coinbase, which we will evaluate against our digital asset framework. The application form and the digital asset framework will be regularly updated, and our form will indicate the latest version of the framework we are evaluating against. Coinbase Digital Asset Framework Every day, …

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The new process begins with a form for issuers to submit assets for listing at Coinbase, which we will evaluate against our digital asset framework. The application form and the digital asset framework will be regularly updated, and our form will indicate the latest version of the framework we are evaluating against.

Coinbase Digital Asset Framework

Every day, projects around the world are issuing new blockchain assets of all types. We’re striving to give quality projects access to quality customers who have chosen Coinbase as their preferred platform to buy, sell, store and use cryptocurrency.

1.0

Coinbase Mission & Values

1.1

Open Financial System

Open financial system is defined as being available to everyone and not controlled by a single entity.

Innovation or Efficiency Gains

New or improved technology which helps solve a problem, creates a new market, addresses an unmet market need, or creates value for network participants.

Economic Freedom

A measure of how easy it is for members of a society to participate in the economy. The technology enables individuals to have more control over their own wealth and property, or the freedom to consume, produce, invest, or work as they choose.

Equality of Opportunity

This technology is accessible to use by anyone with a smartphone or access to the internet. It contributes to the broader mission of building the on-ramps to Finance 2.0.

Decentralization

The network is public, decentralized, and enables trustless consensus.

2.0

Technology

2.1

Security & Code

Assessment of engineering and product quality.

Source Code

Open-source code, well-documented peer-review, and testing by contributors separate from the initial development team on GitHub, etc.

Prototype

There is a working alpha or beta product on a testnet or mainnet.

Security & Code

Demonstrable record of responding to and improving the code after a disclosure of vulnerability, and a robust bug bounty program or third party security audit.

2.2

Team

Assessment of short-term operating expectations and decision making.

Founders and Leadership

Able to articulate vision, strategy, use cases or drive developmental progress. Has a track record of demonstrable success or experience. If information is available, Coinbase will apply “know your client” standards to publicly visible founders or leaders.

Engineering

Assessment of the engineering team and their track record of setting and achieving deadlines.

Business & Operations

History of interacting with the community, setting a reasonable budget and managing funds, and achieving project milestones. Thoughtful cash management is a key driver of the project’s long term viability.

Specialized Knowledge and Key People

The project leadership is not highly centralized or dependent on a small number of key persons. Specialized knowledge in this field is not limited to a small group of people.

2.3

Governance

Assessment of long-term operating expectations and decision making.

Consensus Process

There is a structured process to propose and implement major updates to the code, or there is a system or voting process for conflict resolution.

Future Development Funding

There is a plan or built-in mechanism for raising, rewarding, or allocating funds to future development, beyond the funds raised from the ICO or traditional investors.

White Paper

Justifies the use case for a decentralized network and outlines project goals from a business and technology perspective. While a white paper is important for understanding the project, it is not a requirement.

2.4

Scalability

Assessment of a network’s potential barriers to scaling and ability to grow and handle user adoption.

Roadmap

Clear timeline with stages of development, reasonable project milestones, or built-in development incentives.

Network Operating Costs

The barriers to scaling the network have been identified, or solutions have been proposed or discussed. The resource consumption costs for validators and miners are not the main deterrents to participation.

Practical Applications

There are examples of real-world implementation or future practical applications.

Type of Blockchain

The asset is a separate blockchain with a new architecture system and network, or it leverages an existing blockchain for synergies and network effects

3.0

Legal & Compliance

3.1

Regulation

Can Coinbase legally offer this asset?

US Securities Law

The asset is not classified as a security using Coinbase’s Securities Law Framework.

Compliance Obligations

The asset would not affect Coinbase or Coinbase’s ability to meet compliance obligations, which include Compliance Obligations, Anti-Money Laundering (AML) program and obligations under government licenses in any jurisdiction (e.g. Money Transmitter Licenses).

3.2

Integrity & Reputational Risk

Would listing the asset be inconsistent with Coinbase policy?

User Agreement

The asset, network, application or fundamental nature of the project does not constitute a Prohibited Business under Appendix 1 of the user Agreement.

4.0

Market Supply

4.1

Liquidity Standards

How liquid is this asset?

Global Market Capitalization

How does the market capitalization compare to the total market capitalizations of other assets?

Asset Velocity

Trade velocity, or turnover, is a significant part of market capitalization. This is a measure of how easily the asset can be converted to another asset.

Circulation

For service or work tokens, new supply is created through consensus protocols. If the supply is capped, then a material amount of the total tokens should be available to the public.

4.2

Global Distribution

Where is this asset available to trade?

Total # of Exchanges

The number of exchanges that support the asset.

Geographic Distribution

The asset is not limited to a single geographic region and is available to trade on decentralized exchanges.

Fiat and Crypto Pairs

Fiat and crypto trading pairs exist.

Exchange Volume Distribution

If secondary markets exist, then volume should be relatively distributed across exchanges.

5.0

Market Demand

5.1

Demand

What is driving demand for this asset and does it lead to stronger network effects?

Consumer Demand

Customer demand is carefully considered, however, any asset which is created from a fork, airdrop, or automated token distribution is subject to a separate set of criteria.

Developers and Contributors

Growing developer base and measured progress as defined by the number of repositories, commits, and contributors.

Community Activity

Dedicated forums are available where developers, supporters, users, and founders can interact and build a community and offer transparency into the project. The team provides regular updates or is responsive to feedback.

External Stakeholders

There are investments from venture firms or hedge funds which have experience working with crypto companies or projects. The project has corporate partnerships, joint ventures, or dedicated consortiums.

5.2

Network Standards

Rudimentary assessment of a growing network effect.

Change in Market Capitalization

The market capitalization has grown after the network has activated, demonstrating increased demand for the asset after the project’s launch.

Nodes

Growing # of nodes on the underlying blockchain. The project has a globally distributed node network, meaning operating nodes are not contained in a single country or geographic region.

Transactions, Fees & Addresses

Growing # of transactions and fees paid over time. Growing # of asset or token holders, which is an indicator of asset distribution.

6.0

Cryptoeconomics

6.1

Economic Incentives

Are the economic structures designed to incentivize all parties to act in the best interest of the network?

Type of Token

It is a service, work, or hybrid token. Tokens backed by fiat or other physical assets are categorized as US securities and will not be considered at this time.

Token Utility

There is utility from obtaining, holding, participating, or spending the token. The team identifies a clear and compelling reason for the native digital asset to exist (i.e. the main purpose is not fundraising).

Inflation (Money Supply)

There is an algorithmically programmed inflation rate which incentivizes security and network effects. Or, if the total supply is capped, then a majority of the tokens should be available for trade when the network launches.

Rewards and Penalties

There are mechanisms (such as transaction fees) which incentivize miners, validators, and other participants to exhibit ‘good’ behavior. Conversely, there are mechanisms which deter ‘bad’ behavior.

6.2

Token Sale Structure

A small subset of what we believe are best practices for ICOs and indicators of the token’s future ability. If the token did not have a sale, this section is not applicable.

Security

There is a focus on stringent security protocols and best practices to limit scams, hacks, and theft of funds.

Participation Equality

Best efforts by the team to allow a fair distribution of tokens (i.e. setting initial individual purchase caps to limit the risk of small number of investors from taking a majority of the supply).

Team Ownership

The ownership stake retained by the team is a minority stake. There should be a lock-up period and reasonable vesting schedule to ensure the team is economically incentivized to improve the network into the future.

Transparency

The team should be available and responsive to questions or feedback about the product, token sale, or use of funds across multiple forums.

Total Supply

The team should sell a fixed percentage of the total supply, and participants should know the percentage of total supply that their purchase represents, or have a clear understanding of the inflation rate.

Ethics or Code of Conduct

White paper or project website should have an ethical or professional code of conduct.

Source: https://listing.coinbase.com/policy#token-sale-structure

BYATEK.COM

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A New Life at OneLife! https://atozcrypto.org/a-new-life-at-onelife/ https://atozcrypto.org/a-new-life-at-onelife/#respond Sun, 19 Jan 2020 11:17:03 +0000 https://atozcrypto.org/?p=3781 “The old structures are not valid anymore and there is a new structure which is called: GNLG (Global Network Leaders Group) and still in the process of being finalised. In addition to this group there will be 4 Core Groups (OLN, DS, OneForex & Legal/Compliance/Media/Communication). All this is to strengthen the Onelife network and putting …

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“The old structures are not valid anymore and there is a new structure which is called: GNLG (Global Network Leaders Group) and still in the process of being finalised.

In addition to this group there will be 4 Core Groups (OLN, DS, OneForex & Legal/Compliance/Media/Communication). All this is to strengthen the Onelife network and putting our business to work again.”

The OneLife Network (OLN) is a growing global network that was born out of the OneCoin cryptocurrency brand. The Network has a digital platform with a unique portfolio of sophisticated products and social networking tools that help members achieve financial independence. Members enjoy access to an array of e-learning programs that help them apply financial theory to practice.

Want to find out more about the OneLife Network and the OneCoin cryptocurrency? Now you learn more IN 18 DIFFERENT LANGUAGES!

On Dec. 18th 2019, at the very end of the year more than 50 leaders from over 15 countries took part in the first meeting held by our new Captain Simon and Co-Captain King Jayms. Current situation and action plans for the first quarter as well as about the whole 2020 have openly being discussed. Web sites and crypto offices, licenses, restructuring and many more were part of the hot topics that were discussed.
New Road map will be announced to the Network for work year 2020 very soon. Looking forward to new promotions, deals and a huge corporate event. 

All IMAs are subjected to company tnc. Any violation is subject to disciplinary sanctions. We’re aware of some ex-IMAs making false claims and allegations against the company and we would like to advise all members not to retaliate – especially in social media. We must conduct our business in an ethical professional manner.   

One of the topics discussed is the expected renovation of the CRYPTO CENTER in Sofia. We all expect the center will be back and open really soon.

There are now new core groups that leaders are now responsible:

  • King Jayms- in charge of OneLife network
  • Simon Le – in charge of Forex
  • Fred Fox- in charge of DealShaker
  • Muhammad Adeel – in charge of legal, compliance, media and communication team
  • King Jayms – In charge of OneLife core team.

Within these groups are task teams

There will be no more names of teams names like Onelife Dream Team, One Concept etc but it will be called OneLife UK’ OneLife Vietnam OneLife Pakistan and so on.

Franchise holders of countries are now being called Country Managers this helps eliminate the hugh legal requirements that franchise holders are required to comply to by countries. These country managers are required to submit by the 12 January a progress report on number of merchants, deals and events planned. An action plan, plus a 3 year forecast or projection for the development of that region. Potential candidate can submit the same information for countries that are vacant. Then DealShaker executive committee will send to the captains who will discuss and will update the corporate who will decide on the results.

New slides are produced for the network to use to promote OneLife and to introduce a home Online business. It highlights that we are a global company with map showing total members in those countries.

It includes OneLife mission : OneLife to enable a global community of web users to take active part in using and improving new cutting edge and digital products and services. Aims to increase the quality of life of members. To provide an alternative and equal access to practical and relevant financial education to people worldwide. Ignite a natural education Evolution. Invite opportunities to economic growth and create new market opportunities.

Within the presentation people are encouraged to study at least a year with us. These slides will be available to members via the back office soon and everyone, worldwide will be using the same presentation.

Countries are requested to inform and update the OneLife core team the dates of their weekly presentations are held on a 90 days basis.

There is a One Eco system world event with is for all to attend an to be promoted in all groups.

New packages have been launched on the 18/01/2020. They are called Newlife and Newlife plus.

Newlife is made up of 140.00+5500+7500 euros and you get 5 splits. It is automatic mining and all split happens at once.

Newlife plus is made up of 140:00 +5500+13750 and you get 6 splits. It is automatic mining and all splits happens at once. Source: Social media

Announcement for Year 2020 OLN Leadership meeting(s).
Please register/confirm your attendance to E-mail:
admin@dealshaker.tech
before Jan. 17th (Sofia meeting)

If you would like to invite your leaders for this meeting, please specialize:
full name / rank / country / how long to join OLN
And have our approvals by email before having them to join the meeting(s).

1. Jan. 18th and/or Jan. 19th 2020 in Sofia (whole day event). Will confirm exact day by Jan. 17th.
Who can join-
All newly appointed GNLG members; current DS Franchise Holders; and Core Team members (OLN, DS, Legal/Marketing/Communication and OneForex).
Contents-
next action plans; rule/scope of works of core teams and GNLG.
and

start the 2nd round of GNLG selection process for another 70 leaders.

2. Feb. 8th and 9th, in Ho Chi Minh City, Vietnam.
Who can join-
Feb. 8th – Leadership trainings for: GNLG (up to 140); Core Team members; DS Country Managers / and its Subs for official meetings/trainings about compliance and Admin access.
Feb. 9th – DealShaker Expo and Dinner (Dinner on Feb. 8th) – all DS and OLN members worldwide.
Over 80 merchants expected.

Source: https://mailchi.mp/0f2efa16a330/jxkey6m9c9-701685?e=c199aa8f8f

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Nike receives patent to “tokenize” blockchain sneakers https://atozcrypto.org/nike-receives-patent-to-tokenize-blockchain-sneakers/ https://atozcrypto.org/nike-receives-patent-to-tokenize-blockchain-sneakers/#respond Wed, 11 Dec 2019 16:30:41 +0000 https://atozcrypto.org/?p=3758 The shoe giant Nike has just received a patent to “tokenize” sneakers on the Ethereum platform blockchain. The project was dubbed “CryptoKicks”. The patent, dated December 10, describes a digital asset for footwear and ways to use it. An implementation of the technology described in the patent is an ERC721 or ERC1155 token used to authenticate and …

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The shoe giant Nike has just received a patent to “tokenize” sneakers on the Ethereum platform blockchain. The project was dubbed “CryptoKicks”.

The patent, dated December 10, describes a digital asset for footwear and ways to use it. An implementation of the technology described in the patent is an ERC721 or ERC1155 token used to authenticate and transact a physical shoe.

The token would be “unlocked” by purchasing a matching sneaker by linking a 10-digit ID to the owner ID. Apparently, the system aims to provide a way to ensure the authenticity of products as described in the patent:

“(…) A customer can buy a new pair of sneakers from a verified vendor who can provide authenticated provenance records for the sneakers. (…) Upon receiving the shoe box containing the purchased shoes, the user scans the box with a barcode reading feature in a tennis app that operates on the user’s smartphone. “

Nike also suggests that token creation may be linked to the sale of footwear, which would also allow verification of the scarcity of shoes in circulation. The patent says:

“When a consumer buys an original pair of shoes, a digital representation can be generated, linked to the consumer and assigned to a token, where the digital shoe and token collectively represent a cryptokick.”

Customers will be able to create unique shoes

The patent also has ideas for the popular blockchain collectible cat game CryptoKitties. More precisely, it suggests that the shoes can be created by the users themselves.

For example, the patent points out that owners can set limits on how many copies of their sneakers can be produced. There are also “substitute features” to give other people the right to mix shoe designs and “parenting features” to allow others to wear the shoes.

Not surprisingly, Nike is looking to tokenize shoes. According to The Block in China, where Nike posted a quarterly 22% profit in September, limited edition sneakers produced by other brands are gaining popularity.

Chinese news site Xinhua.net reported earlier this year that used shoe selling platforms are gaining traction in China. People are buying limited edition shoes and reselling at higher prices.

As blockchain technology matures and larger companies become more involved with it, the development of the industry is accelerating.

Source: https://www.time24.news/2019/12/nike-receives-patent-to-tokenizeblockchain-sneakers.html

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New Legend of ONE: Le Simon Quoc-Hung https://atozcrypto.org/new-legend-of-one-le-simon-quoc-hung/ https://atozcrypto.org/new-legend-of-one-le-simon-quoc-hung/#respond Wed, 11 Dec 2019 11:42:14 +0000 https://atozcrypto.org/?p=3747 The beginning of a new year provides a chance for reflection, consideration of new opportunities and professional growth. This is exactly the moment for the LEGEND of ONE to engage in such a process.  After several constructive meetings with the leaders of the company and considering the last few months, that were hardest for the …

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The beginning of a new year provides a chance for reflection, consideration of new opportunities and professional growth. This is exactly the moment for the LEGEND of ONE to engage in such a process. 

After several constructive meetings with the leaders of the company and considering the last few months, that were hardest for the OneLife Family, we managed to figure out current challenges and to build a long-term strategy dealing with them. 

Blue Diamond Cordel “King Jayms” James

Onelife announced in its last week newsletter the promotion of Crown Diamond Le Simon Quoc-Hung to a Captain of the OneLife Network. He will be assisted by Blue Diamond Cordel “King Jayms” James as Co-Captain in leading the Network Operations, they both will be acting as a “bridge” between the Network members and the corporate company. We strongly believe that their experience, energy and enthusiasm will unify OneLife family members and will lead to company growth. Sticking to the core values of the One Ecosystem, we know they will Keep the Main thing the Main thing. Education to the Masses and Usability of the One Cryptocurrency.  

OneLife Network New Captain, Crown Diamond Mr Simon Lee, a man who inspires thousands of people to work for a better world. Simon Le is a leader of great global reference thanks to his hard work in the network marketing industry, where he has made a significant difference by impacting hundreds of thousands of lives with OneLife project, and he managed to do that from scratch, for it’s his first experience working in network marketing. This shows how determination and massive action can create wonderful things and break paradigms with only faith, self-confidence and ability to stay focused on a clear purpose.

2019 Crown Diamond & Now CAPTAIN!

Simon Le possesses the amazing ability to empower, inspire and to light the flame of knowledge in each and every person, sitting in the audience and listening to their words of wisdom! For him there isn’t such a thing as “I can’t”! He starts the day with “I can” and “ I will”.

Simon firmly believes in the power of the team spirit and that together we are better and stronger.

Mr Le – one of the most inspiring people we have ever met! With his signature smile and never-ending energy he can easily grab all of your attention in the blink of an eye and can motivate you to chase your dreams and never give up! What gives him strength and keeps him going – faith! He is famous for his focus and determination! His advise to everyone out there – There is no dream that is impossible!

Some photos from recent DealShaker Expo events in the Network:

Source: https://mailchi.mp/2b954ef03b51/jxkey6m9c9-701673?e=4b77ed626b

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Initial Exchange Offering (IEO) vs Initial Coin Offering (ICO): What Are the Differences? https://atozcrypto.org/initial-exchange-offering-ieo-vs-initial-coin-offering-ico-what-are-the-differences/ https://atozcrypto.org/initial-exchange-offering-ieo-vs-initial-coin-offering-ico-what-are-the-differences/#respond Thu, 14 Mar 2019 13:40:39 +0000 https://atozcrypto.org/?p=3541 Is the Initial Exchange Offering a new trend in 2019? OK, let’s get to the point here. We’re not going to tell you how ICOs boomed in 2017 to early 2018. And we’re not going to stress on how billions of dollars were raised during that period of time. We’re just going to give you …

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Is the Initial Exchange Offering a new trend in 2019?

OK, let’s get to the point here. We’re not going to tell you how ICOs boomed in 2017 to early 2018. And we’re not going to stress on how billions of dollars were raised during that period of time. We’re just going to give you a simple comparison of the two models, from the point of view of an investor.

What is an Initial Exchange Offering?

Simply put, unlike an ICO (initial coin offering), an IEO (initial exchange offering) is not open to the public. You’ll have to be a user of the hosting exchange to participate in the token sale. While an ICO allows any contributors to buy the token for sale by sending funds into a specific address, an IEO requires contributors/users to buy the token by using the exchange’s accounts.

Isn’t an ICO supposed to be better?

Putting all other factors aside, maybe.

As the model is open to everyone in the public, it allows the project team to raise more capital, theoretically. But wherever the money goes – frauds and scams cannot be far behind. This is also one of the biggest reasons why ICOs cooled down in the past year. Scammers exploited the opportunity to raise funds without delivering the promised technology.

Is an Initial Exchange Offering the Old Wine in a New Bottle?

No. The biggest problem with ICOs is that they’re not monitored by any third parties. Basically, anyone can launch an ICO, as long as you have a white paper to convince investors to put funds into your company.

On the other hand, an IEO is a very, if not entirely, different model. While both ICOs and IEOs share the rationale of an initial public offering (IPO), in an IEO, the exchange becomes an administrator.

To conduct an IEO, the project team must meet and comply with the exchange’s requirements in order to launch the token sale. Contributors are, therefore, protected by the exchange.

Although some may argue that the exchange may go along with the project team to scam customers, this will put the exchange’s reputation at risk. Exchanges that look for a sustainable business model would not consider taking such an unethical move.

Instead, the exchange is risking their credibility when doing IEOs, since it has no control over the IEO project team’s operation and product delivery as promised in the latter’s white paper. To maintain trust with its customers, the exchange must carry out a comprehensive assessment of the project before launching the IEO. This provides an extra layer of protection to contributors.

Compared to ICOs, the risk of IEOs is much lower for both the project team and contributors.

On the customer’s side, not only will the exchange help them review the projects and filter out scams, but it also provides better liquidity for trading afterward as a large user base is already guaranteed. The exchange will also offer a convenient platform for contributors to manage their funds as all assets can be stored in the exchange account instead of different wallet addresses.

For project teams, they are eased of operational hassles. For example, all the exchange users have been vetted by the exchange’s KYC/AML verification. The exchange will also provide liquidity with its user base, and also help on marketing promotions.

With all the scams and frauds out there, an IEO is no doubt a better model for the contributors/customers. Despite more processes required for both project teams and contributors for the token sale, the extra protection offered is worth the cost.

How to participate in an IEO?

Generally, the steps to participate in an IEO begin with checking if the project you are intending to crowdfund is indeed conducting an IEO. After which, you should:

  1. Find out which exchanges are hosting the IEO. There can be more than one participating exchange.
  2. Sign up for an account on the exchange by passing their whitelisting and Know Your Customer (KYC) procedures.
  3. Check what cryptocurrencies will be accepted during the IEO and fund your account appropriately.
  4. Wait for the start of the IEO to purchase your tokens!

How does the exchange benefit?

Running an exchange has been a profitable endeavour from trading fees alone, but incumbents are faced with increasing competition for users and their trade flows. The following are some of the benefits accrued to an exchange which facilitates IEOs:

  1. IEO or listing fees. This can vary quite significantly between exchanges.
  2. Influx of new users and their deposits. Some of these new users may eventually become loyal users of the exchange. I expect several exchanges to attempt carving out a niche by running IEOs.
  3. Joint marketing with the IEO team.

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Crypto World Evolution Review 2019 : Can it Make you Money or is It a Scam? https://atozcrypto.org/crypto-world-evolution-review-2019-can-it-make-you-money-or-is-it-a-scam/ https://atozcrypto.org/crypto-world-evolution-review-2019-can-it-make-you-money-or-is-it-a-scam/#respond Wed, 13 Mar 2019 15:47:46 +0000 https://atozcrypto.org/?p=3537 With the cryptocurrency market on the rise, there have been innovations that have eased the r life of a trader. One of the things that have helped, is the invention of the cryptocurrency trading bots that conduct daily trades on your behalf. Even though the technology is fairly new, many bots have swarmed the market, bringing in …

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With the cryptocurrency market on the rise, there have been innovations that have eased the r life of a trader. One of the things that have helped, is the invention of the cryptocurrency trading bots that conduct daily trades on your behalf. Even though the technology is fairly new, many bots have swarmed the market, bringing in some great features that were thought to be inconceivable.

Among the bots, Crypto World Evolution has caught the attention of many traders, simply because of the many features that it has and also, because of the claims of high profits that the company and developers are making. We will put all those claims to test in our crypto world evolution review. 

What Is Crypto World Evolution?

crypto world evolution review

To begin with, this is one of the simplest trading bots in the market right now, working on the principles of a multi-hybrid trading algorithm. The algorithm works via APIs and helps the trader to earn profits, simply based on the microtransactions that the bot will conduct on behalf of the trader.

The company is registered in Belize, and the trading bot conducts all trades through the accounts that you have created on supported exchanges. However, the bot is not authorized to view your account details, or the two factor authentication or even withdraw funds on your behalf through your account. In theory, this makes it one of the most reliable bots out there.

When you are using any cryptocurrency trading bot, one thing that will repeatedly come to your mind is the profits that the bot will be able to make in real life and the risk associated with it. Crypto World Evolution sees the picture differently, offering different risks which depend on the tolerance level you set on the bot. If you are willing to take high risks, you will be able to set the tolerance to high. However, since the risks will be higher, there are chances that you will lose more money than you would have expected.

There is also a multi-level marketing program that can help you generate profits if you decide to promote the bot on your own behalf. The company will pay you a commission for every person who starts to use the bot on your recommendation. The networking plan of the company is stronger than its actual trading plan, since the market is always going to be volatile and the company does not guarantee, that the profits that will be generated by the bot, will be significant enough based on your investment in the market.GET STARTED WITH CWE!

Features Of Crypto World Evolution

Aside from the networking opportunity, there are many features which are provided by the trading bot. These have set the bot apart from the others in the market, helping it in generating an image of assurance and transparency. Some of the features of the bot are listed below:

1) Interface

The Crypto World Evolution has one of the simplest interfaces that you will find on any trading bot in the market. Everything is right there on the screen; from guiding you through the various steps that you need to follow in order to provide access, to the bot of the accounts you have on the exchanges.

The interface is quite well-optimized to perform efficiently across a series of platforms, including desktops, mobiles, and tablets. Everything is designed keeping beginners and amateurs in mind.

2) Live Tracking

Unlike many bots in the market that have a slight lag in the prices of the live market, Crypto World Evolution works in perfect synchronization with the market, so that the trades that the bot conducts on your behalf are done live. There is no block in access at any point of time in the day. You are able to access the system throughout the year during all odd hours.

3) Expert Advice

This is a feature that is unique to Crypto World Evolution. There are market experts on the panel of the company behind the bot. They constantly hand out advice to facilitate the trades of people around the world. All the advice are based on a detailed analysis of the market.

There are trade recommendations that are provided automatically through the bot’s algorithm as well, helping the user to make an informed choice when dealing with the market. Usually, these recommendations are low-risk trades, meaning that while there will be a profit, though it may not be as significant as you would have expected.

4) Education

This is yet another unique feature to Crypto World Evolution. There is no other trading bot that has educational tools for users to take an advantage of. The company conducts webinars, which helps new users gather a perspective of the market so that they can learn more about the process of making profits with this particular bot. Other subjects which are often discussed during these webinars include real-time knowledge about cryptocurrencies and the various how-tos to trading on a platform exchange.

5) Customer Support

This is a feature that is quite commonly seen on many trading bots. Since the market is quite volatile and is open 24 hours a day without any breaks, the companies have to ensure that there is constant technical support available to their users.

Crypto World Evolution is no different from these companies and has a technical team that is standing by, waiting for your questions and problems to help you out at any hour of the day. All members of the technical support staff are well-trained and experienced enough to provide you with the fastest solutions.

CWE Packages

CWE pricing

There are different packages available on the website of Crypto World Evolution. Each of these packages have their own different features, and are priced to provide the best accomodations in the market. The prices start from as low as $250 for one year, and go all the way up to $2000 for one year.

A basic package is just an educational tool that is provided by the company, not including any bots or trading limits within it. The actual price for the trading bot starts from $500, a license that is valid for a period of 365 days.CHECK THE PLANS NOW!

Market Review

When dealing with cryptocurrency trading bots, there are quite a lot of scams that have been uncovered within the last few months. When you research online about such scams, you will find out that before they were exposed, they had quite a lot of positive reviews. This makes it quite hard to trust the reviews that are posted online since many companies hire professionals to make up fake reviews in order to gain trust from the market.

The doubts of a  scam are heightened when multi-level marketing is associated with cryptocurrency, because there is no physical product or commodity that the company is providing, in exchange for the money that you are paying them. It is all in a license that is sold as an educational tool with added advantages, that make it a trading bot.

One such review which caught up quite a lot of buzz was that of Craig MacGregor, the founder and chief engineer of NavCoin. His experience in the market makes him a highly respected professional, and he uncovered that the trading with Crypto World Evolution is nothing but a Ponzi scheme. His basis was simple –  the profits that the bot generates are quite low and the only way that you can actually gain profits with it are through the multi-level marketing scheme that the company is offering.

Barring the charges of the company from the packages, everything that is invested by a new user is distributed among the people in the chain of introduction. If you wish to be a part of such a scheme, you will find out that it is quite a good way of duping the traders into believing that they can make profits on automation.

The entire literature of the bot is created quite efficiently and effectively, which makes it quite an easy thing to believe. However, there is a disclaimer that comes along with it, saying that the profits are subject to market fluctuations, and the risk involved is entirely of the user. While the company is playing it safe with the disclaimer, its mere presence makes it a hard thing to believe.

The fact that trading in cryptocurrencies is illegal in many countries, ensures that the company is able to operate under the table, without the fear of action against them. Usually, in multi-level marketing, you are introduced to the company by someone close to you and you cannot risk reporting the person because of the relations that you have with him or her. The same goes on with each level of the chain, and the whole business carries on – unreported to the authorities.

When you visit the website of Crypto World Evolution, you will also find out that there is no clear information about the people behind the development of the bot. The names that come up on the website do not have any relevant online presence, and are most likely figureheads created to form a company that is collecting money illegitimately. All you will see are a few experts who are advising on the panel of the company.

If you are not well-versed with the market of cryptocurrency, you might not know much about these experts and you will not be bring yourself to trust the company when you are new to the trade. This first instinct is often right, and if Craig MacGregor is to be believed, then not investing in Crypto World Evolution is quite a safe way to play the market.

Other Red Flags

Including multi-level marketing into crypto trading bots, and not disclosing information about the people behind the company curtains, having being labeled a scam by the founder of a well-traded cryptocurrency, and promising profits on every trade are just some of the red flags that we found in Crypto World Evolution. Chances are that one of two scenarios will happen before the other.

Either the company will be reported to the authorities and someone will have to claim responsibility for the Ponzi scheme, or when the company has collected enough money, they will quite simply shut down all operations and leave the users to rot and blame each other for introducing them to the fraud.

Fraud and scam may be quite strong words to use when reviewing a product that guarantees profits. However, you have to understand that even a broken clock shows the correct time twice a day. If you buy and sell at the right time, you can generate profits quite easily. All you require is an understanding of the market and the way that the various technical indicators work. You do not have to rely on the trading bots for all the work, since the algorithm that is coded into them is fixed and the market is ever changing.

CWE Review: Can We Really Make Money Using Crypto World Evolution?

Yes, it is entirely possible to generate profits using this trading bot. However, the profits that will be 100% sure to be generated, may just be a few cents on the various trades in one day. The actual profit that you can make through Crypto World Evolution is through their multi-level marketing model, where they have quite a number of incomes that can be generated.

There is a direct referral commission, as well as an indirect referral commission. Other incomes from the bot, include a bonus for every pair that you match on the binary, as well as a weekly income through a forced matrix of a 3×20 tree. If you join  a higher priced package, you can also avail the leadership bonuses, which allow you to receive bonuses upto four levels.

These bonuses are often royalties, that the top leaders achieve out of the total business that the company does or a small percentage of the service charges that is distributed among all the leaders of the company.

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Ian Balina: A shadow of a made man https://atozcrypto.org/ian-balina-a-shadow-of-a-made-man/ https://atozcrypto.org/ian-balina-a-shadow-of-a-made-man/#respond Tue, 05 Mar 2019 21:40:54 +0000 https://atozcrypto.org/?p=3508 Ian Balina became one of the world’s most prolific ICO influencers in 2017 while growing his portfolio from $37,000 to $5.36 million by January 2018.In April 2018, Balina fell off his perch after sustaining a hack of his personal wallets in which he lost almost $2.5 million.Post-hack, Balina looked to professionalize his operations and approached multiple …

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  • Ian Balina became one of the world’s most prolific ICO influencers in 2017 while growing his portfolio from $37,000 to $5.36 million by January 2018.
  • In April 2018, Balina fell off his perch after sustaining a hack of his personal wallets in which he lost almost $2.5 million.
  • Post-hack, Balina looked to professionalize his operations and approached multiple exchanges about a sponsor partnership.
  • One of Balina’s proposals to a large exchange included the unusual request to make “all Ian Balina Projects available on [the] exchange for trading,” which the exchange rejected.
  • Balina then signed on as a KuCoin Global Titan Ambassador. The exchange denies that a similar clause exists in their arrangement with Balina.
  • At the height of the 2017 ICO mania, Ian Balina was one of the biggest influencers in the ICOuniverse. Balina had catapulted himself into the pantheon of spokespeople whose support and endorsement meant the difference between a coin’s success and failure — and tens of millions of dollars were at stake. During his rise as an ICO influencer, Balina amassed hundreds of thousands of followers across Twitter, YouTube, Instagram, Facebook, and his ‘Mastermind’ Telegramgroup. He reportedly made over $5 million after starting with just $37,000.

    However, after the market tanked and Balina lost his whole portfolio in an April 2018 hack, he found himself in a difficult position. As a result, he began to look for sponsorship deals that would help him return to his perch. 

    The Block has gained possession of one of Balina’s proposals from this period, included below, that include significant financial payments to Balina as well as an unusual and highly questionable token listing clause. As part of the sponsorship deal with one large exchange, Balina requested that “all Ian Balina Projects [be] available on their exchange for trading.” This clause would have violated the exchange’s own listing policies and the exchange rejected the partnership, according to a source.

    Eventually, after approaching a number of exchanges, Balina finalized a partnership with KuCoin. KuCoin has told The Block that their contract with Balina is materially different than the one he proposed to the other exchange. Namely, Balina does not have automatic listing privileges for his projects. In fact, KuCoin claims that most of the projects that Balina recommended have not been listed.



    Ian Balina’s ICO money machine

    Ian Balina has always known how to make money. For more than four years, from 2013-2017, Balina had a well-paid corporate job at IBM. At the same time, he operated a blog on the side where he showed people how to be successful and how to make side money. He also co-authored a book about freelancing. He posted guides such as “How to make money by renting your house” and “How to start a YouTube business” and hosted a podcast called “Blueprint to making $100,000.”

    By 2017, however, the speculative mania of cryptocurrency ICOs proved so lucrative that Balina jumped in completely. He made his name reviewing ICOs in a weekly live stream, using what he claimed was a data-driven approach. Balina was one of the few people who actually applied at least some level of due diligence – looking at the team’s capabilities, the quality of advisors, whether the project had a working prototype – before recommending a project. He also had a publicly available “ICO spreadsheet” which showed how he was scoring ICOs and choosing where to invest. In 2017, when nearly every ICO investment grew in price regardless of quality, he was able to outperform even this hot market. 

    In a bit of brilliant marketing, Balina documented everything along the way. Beginning in May 2017, he posted a daily screenshot of his portfolio on his Instagram and Twitter, which led people to gawk at his returns and many to take his word as gospel. Money talks, and the value of Balina’s portfolio grew from $37,000 in May 2017 to $5.36 million in January 2018. His social media moniker, “Diary Of A Made Man,” was becoming ever more fitting.

    Balina’s influence continued to grow through late 2017. His stamp of approval became worth a great deal, with research by CoinFi showing that when Balina publicly mentioned an ICO it was often followed by strong growth. His impact was so noticeable that he became a desirable ICO advisor. Balina’s stamp of approval could build a substantial hype around new ICOs, which was often more important than actually having a good project. As a result, Balina became an advisor of several projects including Nucleus Vision and Pareto Networks, and his stock was at an all time high.

    The Hack

    And then lightning struck. The market took a downturn in early 2018, and the ICO bubble deflated. In the beginning of 2018, many ICOs began to show disappointing results. Hype, marketing, and influencer support were no longer guaranteeing monster returns for new cryptocurrency projects. In fact, most listed projects began to crash, and the market for new ICO offerings began to tank. Growing regulatory pressure helped to contribute to a dearth of new capital. By the middle of 2018, the ICO market had largely dried up.

    Source: ICOdata

    Due to the decline in listed assets, the value of Balina’s portfolio dropped as quickly as it had grown. His holdings dropped by more than $3 million in only two months.

    Then, in April 2018, Balina sustained a crushing loss when he was hacked during a live stream. Hackers drained his entire portfolio, worth around $2.5 million, in real time. Despite being a leading crypto influencer, Balina followed relatively weak security procedures and kept encrypted text files containing his private keys stored in his Evernote account. In a simple yet effective hacking technique, hackers unlocked Balina’s Evernote via a phishing attack on his college email. Just like that, Balina was back to square one.

    Balina means business

    With his crypto holdings vaporized in the midst of a struggling ICO market, Balina co-founded a blockchain advisory firm named 100X Advisors with three other associates. In a recent video, he said: “I knew I had to make the money back [following the hack,] so we had to turn this into a real business, and we had to think like a business – get corporate sponsors and get partnerships.”

    Balina began to look for the sponsorships that would support his content creation and team travel. The Block learned that he approached multiple exchanges before settling on a partner. In a document drafted in the first half of 2018, which was shared with The Block by a third party under the promise of confidentiality, Balina detailed his partnership requirements, seen below. The name of the exchange was redacted to protect the identity of the source.

    In the proposed deal, Balina requested $250,000 per episode and $75,000 per World Tour stop. He also made the questionable and unusual request to make “all Ian Balina Projects available on [the] exchange for trading.” The source has informed The Block that the exchange declined to accept such a deal partially because of this clause since it would violate the exchange’s listing policies.

    Balina’s proposal to the exchange ties to the services his firm 100X Advisors lists on their website, which currently include ‘exchange listings.’

    Source: 100x Advisors

    Balina and KuCoin

    Finally, in August 2018, Balina found a sponsorship partner in KuCoin, a small exchange headquartered in Singapore that launched in 2017. 

    Balina became KuCoin’s first Global Titan Ambassador, whose goal is to “find the best blockchain technology projects the world has to offer and bring them to the masses before anyone else.” In the announcement detailing the partnership, KuCoin said Balina “will suggest cryptocurrency projects to be checked by the KuCoin research and quality control teams first and given fast-track treatment if approved for listing.” 

    As part of the deal with KuCoin, Balina also agreed to promote the exchange on his social media channels. Balina receives compensation for content creation, team travel and Crypto World Tour through his Ireland-based company Diary of a Made Man Limited, as per Balina’s transparency page.

    The Block inquired with KuCoin whether the signed deal was similar to the proposed deal with a different exchange, viewed above. KuCoin denied that any automatic listing requirement was included in their partnership arrangement. 

    When reached for comment, KuCoin told The Block: “We have signed an NDA and agreed with all the ambassadors that our project review process will be conducted independently and objectively by our internal project listing committee. KuCoin will, at its sole discretion, decide whether to list a token or not. And there is no guarantee implied or granted that a token suggested by any ambassador will be listed.”

    Furthermore, the KuCoin spokesperson said that “[Balina] has recommended a couple of projects to us and most of them have not been listed on KuCoin,” but couldn’t share any specific examples due to a privacy policy.

    KuCoin said the document shared with The Block is “largely different from the contract [KuCoin] signed with all global ambassadors in terms of services and obligations.” According to Balina’s transparency page and confirmed by KuCoin to The Block, the company is paying Balina half in USD and half in KuCoin Shares (KCS). A KuCoin spokesperson said the payment amount and payment schedule is “totally different from the [other] deal.”

    Balina’s attorney, speaking on his behalf told The Block in an email: “I can confirm that [Diary of a Made Man Limited] does not have automatic listing privileges through Kucoin. Any statement to the contrary is simply false.” He refused to comment on the authenticity of the contract in The Block’s possession. He also declined to respond to questions about why Balina would propose: “[Redacted exchange] will make all Ian Balina Projects available on their exchange for trading” to a large cryptocurrency exchange with clear listing guidelines.

    As we begin 2019, Ian Balina’s tale is a story of the entire cryptocurrency ecosystem writ small. In 2017, one man could move markets worth millions of dollars via marketing and basic analysis. In 2018, the market came tumbling down, and so too, did the influencer’s reach and net worth. And in 2019, Ian Balina has settled into a relationship with a small exchange that has rejected most of his project recommendations making him no longer the Made Man he was.

    source: https://www.theblockcrypto.com/2019/02/04/ian-balina-a-shadow-of-a-made-man/

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