Is Boosteroid a Reasonable Investment?

Today people are getting more and more interested in digital currencies. Literally every day there’s at least one ICO-”newcomer” that tries to attract investments by running its token sale. Although there are a lot of different ICOs, it is not that easy to find a project that worth your time and money. Experienced investors always study all aspects of a particular startup to see its hidden dangers and spot a possible scam. Today we will have a close look at a new startup trying to take on the cloud services market – an ambitious project called Boosteroid.

Roadmap

A good whitepaper is very significant for an ICO project and that is what investors look at first of all. In other words the quality of the document is a crucial aspect that affect the results of the crowdfunding.

Boosteroid has a rather informative whitepaper, where it is possible to find information both about main goals and a technical aspects of the project. A lot of information is provided about project digital currency – BTR token, implementation stages and team members with active Linkedin profiles.

The main idea of the project is actually to make computing power affordable. Our devices often have lack of performance and are not able to face modern challenges of the rapid technological development. Cloud supercomputer can be a perfect solution.

“Thanks to our own unique software architecture and minimal electricity expenses, our users will have an opportunity to use Boosteroid computing power at the lowest pricе”, – this is how Boosteroid founder defines advantages of the project as compared to their competitors.

By the way recently the team has agreed upon locating Boosteroid computing facilities in Georgia. The parties have already reached an agreement that Boosteroid will be connected to the local power grid. The country has low electricity costs and a possibility to develop computing facilities in Georgia is an important step in Boosteroid implementation.

Technical aspects

It is absolutely not enough to know the goals of a project. Investors want to be sure that it will be implemented and how is it going to develop. Boosteroid aims to compete with such market behemoth as Amazon Web Services, Microsoft Azure, Google. However the team first of all thinks about their clients but not rivals.

Boosteroid developers promise users brand new hardware such as NVIDIA GeForce GTX 1080 Ti graphic cards; Intel Xeon E5 2680v4 processors; RAM 256Gb. So this will be a rather powerful PC that will allow users to carry out a number of tasks – from creating 3D-graphics to playing high-performance computer games.

Software part of the project will includes an open source platform that provides a number of cloud services such as computing, data storages, databases and much more.

By the way Boosteroid has already announced its demo. It will be possible to test the service in the end of November.

Profit for the investors

This is probably the most important thing as nobody wants to support a project without any return. Here is the profit that Boosteroid guarantees to its investors:

1. Sell BTR tokens

Initial BTR price was only $0,48 during the 1st ICO stage that started on October 23rd. The token will cost up to $2,78 after the 3rd ICO stage. Considering current market tendencies, specialists expect BTR to cost 6$ in mid-2018.

Investors will also be able to trade BTR on the exchange and gain other digital currencies or fiat money.

2. Rent computing power

Investors will be able to rent Boosteroid computing power with BTR tokens at a better price when the service is launched.

“After our service is launched we’ll start purchasing tokens via our exchange service for fiat money paid by users who rent Boosteroid computing power. Considering a large number of users and a limited number of released tokens, BTR exchange rate will increase and investors will get maximum profit”, – says Boosteroid CEO Ivan Shvaichenko.

Conclusion

Sometimes ICO can look like a real casino – you never know whether you hit the jackpot or lose your money. But that does not mean that it is better to stay away from the ICO at all. If you analyse a particular project, think over its advantages and possible risks you can gain profit.

Currently Boosteroid developers are getting ready for the second ICO stage that starts on November 27th and will continue until December 11th, 2017. According to whitepaper, the team wants to sell 300 million BTR and use these investments for scaling their computing facilities.

The next 400 million BTR tokens will be available during the 3rd ICO stage from January 15th to February 15th, 2018.

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Depository Network: The Common Thread Between Traditional Lending And Blockchain

Are you ready for another revolutionary project that solves a bunch of issues for crypto users? If so, then, make yourself comfortable and enjoy the world’s first decentralized multi-platform for collateral assets. Let’s discuss Depository Network and see who were the people that helped to create this blockchain “masterpiece”.

Depository Network: what is it all about?

Depository Network is a first depository for collateral assets worldwide. It is safe, decentralized, and blockchain-based. It provides a pledge system where you can create your own collateral platforms, tens and hundreds of them. If you are a holder of the token or coin backed by Depositary Network, you can guarantee your assets as a deposit and get a loan. And vise versa, any lender can make up his\her own depositary, where he/she will be able to accept digital coins as a monetary deposit. Everyone gets benefits, this make the platform more attractive to crypto-related people.

There are two types of collateral contracts, namely DEPO Smart Contract  and DEPO Escrow Contract. They are designed for the following networks: Ethereum, EOS, Cardano, Qtum, Lisk, etc. There is no mediator and the contract requires at least three signatures. If you more information about the process, then immerse into details here.

Team and Advisors

Now,  let’s move to the “juiciest” part – people who created Depository Network and who supervise the whole process. First, we want to introduce some members of the Team.

Svetoslav Dimitrov (CEO & Co-Founder) is top legal professional, who worked at best Bulgarian law firms. His experience exceeds 15 years, his new vision on implementing traditional legal institutions into digital space helped him to create Depository Network.

Dimitar Kostov (Technology Board Member and Investor) is a genius of management with more than 20 years of experience. He also leads VMware (NYSE:VMW).

Martin Kuvandjiev (Technology Board Member) is one of the creators of Bitcoin Gold, winner as leader of project “Valkirye” at NASA Space Apps Challenge Competitions 2015.

The Team consists of 10 people who are, as you can see,  well-skilled and good at their job. They are literally a “dream team” for creating such an innovative platform. They know what they are doing, and this confidence makes the project superb.

Advisors of Depository Network also include 10 people who have experience of more than 25 years, They work as advisors in many firm and companies worldwide, their knowledge and perfectness lead the project to the best one on the whole planet.

Ivo Gueorguiev is an entrepreneur worked in the top companies worldwide, he had 25 years of experience in fintech under his belt. Now he is a member of the boardship of Banca Transilvania.

Jos Uitdehaag is a senior expert of law projects in European Commission, 15 years of working with international platforms. He is an advisor of International Monetary Fund, key expert in World Bank Group.

ICO details

The project will conduct an ICO in November-December of this year. The total token supply is 3 billion DEPO, the price of token is $0.02. The soft cap is $2.6 million, whilst the hard cap is $15 million. 70% of tokens will be distributed at the token sale, 15% will be retained by DEPO Reserve, another 12% will go to further team development, and the other 3% will go to bounty program and ICO marketing.

If you are interested in this project, please visit their official site and get more information there.

The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

The SEC Creates a Special Department to Keep an Eye Open for ICOs

The US Securities and Exchange Commission came out with a press release announcing the opening of the FinHub, a brand-new subdivision of the agency.

The main tasks of the Hub will be:

  • giving a chance to the general public to communicate with the SEC regarding fintech questions;
  • spreading information related to fintech;
  • announcing all the major events in the sphere of fintech
  • publishing all new fintech regulations and decisions of the SEC
  • serving as a linking point of various internal and external financial regulators;
  • etc

As said by the head of the newly emerged department:

By launching FinHub, we hope to provide a clear path for entrepreneurs, developers, and their advisers to engage with SEC staff, seek input, and test ideas.”

Since ICO is a major fintech activity, it will also be under the strict control of FinHub.

We remind you:

SEC’s ETF Decisions Will Come Out In October

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Blockchain & Bitcoin Conference Will Take Place in Malta: Hurry Up to Purchase the Tickets

On October 23, Malta will welcome Blockchain & Bitcoin Conference Malta – large crypto event about DLT and digital coins.

Smile-Expo, the organizer of the event, offers a 280 EUR discount for event’s tickets.

Price for 1 ticket on 15 – 22 October: 119 EUR.
Price for 1 ticket on 23 October: 399 EUR.

The event will be opened with the speech by Stephen McCarthy, CEO of Malta Digital Innovation Authority (MDIA), – the main country’s DLT regulator.
The conference will gather 35 leading experts in crypto sphere and companies offering new blockchain-based solutions.

The unique focus of the conference will be innovative applications of DLT and unique use cases from top crypto companies: from real estate and healthcare to logistics and AI.
The program will include 5 panel discussions on tokenization, blockchain hacking, ICO regulations & legal challenges and DLT & IoT.

The other part of the conference is the demozone where crypto organizations will acquaint visitors with their latest ideas and new developments.
In the framework of the event, there will be time for networking with experts and investors to find new business partners and get new contacts for cooperation.

The event will be coordinated by the international company Smile-Expo, which has already brought Blockchain & Bitcoin Conferences to 25 countries.

Information and tickets with discount – on the official website of the conference.

The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

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New Video Player Technology That Rewards Users for Their Attention

Genesis player

Genesis player promotes the latest blockchain projects and rewards viewers with tokens directly through the player. The tool, which can be easily embedded across the web has been quickly adopted by multiple crypto projects looking to build their community and reach investors through the power of video.

With close to 100,000 existing user accounts, crypto enthusiasts and investors can learn about new projects by watching promotional videos. Users can earn between $3 and $5 each view, from an airdrop completed directly through the player. These videos are syndicated across the web, and available on CryptoNow.tv. Users can visit cryptonow.tv and browse featured videos to earn tokens. There is a total of $400k worth of tokens available in total from over 10 promising projects.

You can earn 5 iCash tokens worth $5 by watching all of the video above and signing up for GenesisPlayer. Simple!

Users can also earn an additional 10% through an inbuilt referral programme by sharing the video once they have signed up and claimed tokens. The system is backed by ‘Proof of View’ technology which stops any cheating and users skipping.

Some of the current projects using the Genesis player technology to power their community include iCash, Vreo, Smartree, CoinAnalyst, Autobay, INDX and Fanfare.

GenesisPlayer was built on the Verasity Protocol and was developed out of a successful ICO and the Verasity team understanding the importance of projects needing to build an engaged community and the power video has in selling the potential of a project. Find out more at Verasity.io

The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

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Investment in Blockchain Security Will Grow. The Results of HackIT 4.0 in Kiev

Global losses from hacker attacks in 2018 amounted to $1.8 billion, which exceeds the amount of losses for the period from 2011 to 2017. A sizeable share of victims are investors and users in the field of cryptocurrency and Blockchain technology, the commercial value of which will increase to almost $180 billion by 2025. Such results and forecasts were shared by experts of the cybersecurity forum HackIT 4.0, which was held in Kiev, Ukraine, from October 8 to 11.

The fourth, annual event turned out to be multi-format: in addition to the two-day conference (Attack Day and Defense Day), the guests witnessed a bag bounty marathon, a series of roundtables, and also spent one day traveling to the Chornobyl zone in order to see consequences of a man-made disaster.

In addition to experts from the United States, Britain and France – such as Bitcoin Core developer Peter Todd, ex-leader of the Twitter security team Moxie Marlinspike, head of the Trend Micro Zero Day Initiative Brian Gorenc – the forum was attended by the Minister of Infrastructure Volodymyr Omelyan and representatives of the Ministry of Information Policy of Ukraine.

Decentralized technologies, cryptocurrencies and ICOs have become the main focus of attention this year. According to forecasts of the forum participant, American businessman Julian Zegelman, the commercial value of the Blockchain technology will reach $176 billion by 2025, and will exceed $3 trillion by 2030.

At the same time, the Blockchain and cryptocurrency fields continue to lose billions of dollars, the founder of several businesses in China, Remington Ong says. In the first six months of 2018 alone, the total losses of the industry (including the ICO sector, from which a total of $27 billion has been earned since 2016) amounted to $1.8 billion. According to the expert, this is one billion more than it was “given away” to hackers in the period from 2011 to 2017.

The three main objects of hacker attacks are crypto exchanges, wallets and ICOs (through phishing attacks), the businessman explained. Moreover, among the most common tools used by attackers are:

  • social engineering (phonejacking, phishing),
  • malware/client access (keyloggers, private key backups),
  • wallet (fake wallets, supply chain attacks),
  • man-in-the-middle (DNS attacks, fake websites),
  • centralised exchanges (hot wallets, inadequate processes, lack of encryption),
  • ICO (scam ICOs, faulty smart contracts),
  • Blockchain (encryption algorithm, DOS).

In addition, humanity will soon face new challenges, namely viruses in a decentralized environment, according to Renaud Lifchitz, a French IT security expert.

“In the near future we will see the use of decentralized technologies for harming,” he said.

Financial consultant, author of several works on economics, Blockchain technology researcher Dinis Guarda also pointed out one of the newest problems – the risks associated with digitization of human DNA.

“We live at times when, for the first time, researchers from various universities around the world are digitising human and animal DNA. In order to make it work for the common good, key players such as technologists, governments and regulatory boards, will need to create an infrastructure of solid systems of peer-to-peer networks, underlying operations based in strong governance and ethics. Otherwise we might fall into a science fiction dystopian scenario, which is difficult to predict, as it is the result of a series of black swan innuendo waves, triggering the potential next tsunami,” Dinis Guarda stated.

The general conclusion of experts is: investment in Blockchain cybersecurity will grow, including investment from governments.

“We have to create a vaccine against hacker intervention and manipulation to make the world free,” said Cadic Olivier, entrepreneur, head of the subcommittee on cybersecurity of the Senate Defense Committee of the People’s Republic of France.

According to the Deputy Minister of Information Policy of Ukraine, Dmitry Zolotukhin, one of the most important tasks today is to eliminate the human factor and increase the digital literacy of people working in the government.

In a world where the fourth industrial revolution is taking place, digital infrastructure is actively developing. However, it is becoming increasingly vulnerable, so now the number one issue in the world is government intervention in online media and IT solutions of private companies, the Minister of Infrastructure of Ukraine Volodymyr Omelyan said.

“I am grateful to the organizers of the event. I believe that through cooperation we will be able to create new products that will successfully protect both governments and private business,” the minister added.

The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

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A Group of Investors Bought the Crypto Exchange Bithumb

bithumb was sold

As mentioned in the Korean news media, an association of major Singaporean investors BK Global Consortium is now the rightful owner of one of the largest Korean digital asset exchanges, Bithumb.

One of the Consortium members previously used to own a big amount of company’s shares. He has also invested in multiple blockchain-based projects in Singapore.

In the future, the new management of Bithumb is going to proceed with its plan to launch a decentralized branch and is also considering the creation of their own stablecoin.

We remind you:

Bithumb Is Going to Open Up a Decentralized Cryptocurrency Exchange

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