“We are planning to cover all countries of the world”: A Big Interview With the Founder of the Project Joys

joys interview

Thanks to the cryptocurrency industry, we learned about many progressive projects that have made our life better. Here comes another promising startup, which is conducting an ICO to realize its idea. We talked with the CEO of Joys – Andrey Mikhailishin – to learn more about the concept of a platform for cryptocurrency payments.

Hello Andrey. Tell us about your product. What makes it stand out from thousands of similar payment services?

Hello! Joys is a payment service for conducting legal transactions in any cryptocurrency when buying goods and services. Joys is a global open source blockchain platform built on a private Ethereum network, which allows you to add almost any cryptocurrency and token as a means of payment.

Many companies solve the problem of cryptocurrency payments with the help of blockchain, covering many areas: from interbank cross-border payments to private p2p transactions: CoinBase, BitPay, Coinify, PundiX, Bitwala, Wirex, Blockchain Merchant, LoyaltyX, LoyalCoin, etc. The biggest problem of almost all projects is the violation of the legislation of most countries in the circulation of cryptocurrencies. The second problem is the restriction of the scope of the existing solutions for retail. The third problem is the need to install new cash register equipment or issue special payment cards.

Joys is integrated into the POS-systems of stores providing regular business logic of sales. Joys applies the loyalty programs, prepaid and gift cards authorized by the laws of mechanics, as well as the technology of handling digital coupons to implement processes where cryptocurrencies are used as payment means. The project achieves legal purity when making payments in cryptocurrency in such a way, allowing to place such purchases in the legal field. It follows from the analysis that the project is unique at the cryptocurrency market, given all of its solutions.

Why did you decide to create such a platform?

We created Joys as a means of bringing together the classical monetary system and the new, blockchain-based one, to make the economy of society more effective. We expand the application scope of any blockchain project’s cryptocurrency in retail stores and service companies, thereby involving classical retail in the blockchain community, contributing to the development of cryptocurrency in general and the currencies of projects that have joined Joys. The Joys platform enables people to pay for real purchases in regular stores with any liquid digital money or tokens.

The infrastructure which is built by the Joys project team has an open API: a bank, payment system or a regulator can not block it. And this infrastructure does not depend on international payment systems, such as VISA, MasterCard, UnionPay or others. We also strive to unite the infrastructures of other projects in the field of blockchain, such as: MPС 123. We open it to other projects – this gives us a competitive advantage!

What other cryptocurrencies besides BTC and ETH can you pay with?

Our payment service currently supports five cryptocurrencies: JOYS, BTC, ETH, BTH, LTC. We are working on adding all new cryptocurrencies. A complete list of planned cryptocurrencies for addition can be found on our website https://joys.digital and in our WP.

Please, explain to our readers how the conversion of cryptocurrency into fiat money takes place in user’s bank accounts?

I want to note that users of Joys do not need to open any bank accounts. You need to install the application, undergo the KYC procedure, register a wallet of a desired cryptocurrency and replenish it.

At the time of the purchase, the cryptocurrency chosen by the customer is transferred from his/her wallet to the exchange and converted into fiat money: EUR or USD according to the current exchange rate. Then the transaction is conducted through the banking system to the country where the purchase was made. The resident bank exchanges EUR or USD for the country’s currency and  transfers funds in the national currency to the account of the store. This procedure takes from 1 working day.

What are the dates of your ICO and what stage is it most profitable for an investor to buy tokens at?

We divided the ICO into three stages in accordance with the plans to enter different markets. Sale stages:

Stage I: June 21 – September 04, 2018
Stage II: January 10 – April 10, 2019
Stage III: July 01 – October 10, 2019

In addition, the price varies within phase I, gradually increasing towards the end. Therefore, it’s best to buy tokens as early as possible. In the remaining stages, the placement price will be tied to the current value of the JOYS coin.

Where will Joys work?

In the final stage, we plan to cover all countries of the world. Achieving this goal will take a long time, so we divided the work into three major stages:

Stage I – CIS and Europe.
Stage II – Asia and Africa.
Stage III – America, Australia and Oceania.

What companies are already working with you and who else are you planning to cooperate with?

We have several areas of cooperation.

Financial institutions: International payment system 123, VEB, Alfa Bank, etc.Manufacturers of the cash register software: Scheidt & Bachmann, Micros, Barcode-M, DENSI Cashier, EVOTOR, 1С8, UniPOS, Pro-T-5, Артикс, Regard Software, Service Plus,International organizations: Grand Alliance, Eurasian Economic Cooperation Organization, BRICS Business Council.
Projects: Rate & Goods, ZODIAQ, Smart Valley, etc.

We are currently working with many other companies and are open to possible partnerships.

Will the list of stores and other offline areas working with Joys expand in the future?

This is our main task. We will constantly increase the number of our partners and stores.

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

Interview with Nye: The Collapse of Bitcoin in 2018 is All About the Market Cycles

The end of 2018 became a real challenge for cryptocurrency traders and holders. In a year, the BTC peak values have decreased by almost 4,5 times in price. Many people have left crypto community during this period, however many crypto experts not only “remain at duty” but also truly believe in the future of the cryptocurrency.

Today we want to show you this situation from the insider’s perspective. Nye is a specialist in digital marketing in the sphere of cryptocurrency and blockchain.

Since 2017, Nye has been doing crypto business and trading, he is also creating his own brand and running his Elevated District company.

1. Good day, Nye! You are telling everybody about blockchain’s advantages globally. Tell us, please, how did you come to the point when you realised that blockchain is the technology of the future.

I think it came with learning more about our current financial systems, our current economic models; and seeing the potential that Bitcoin has, and the potential that blockchain has to change all those thing.

2. In your opinion, what problems is blockchain industry experiencing or why do so few people know about it?

I think a lot of people know about it. I don’t think the problem is knowledge, the problem is adoption. There isn’t any clear use cases. Well, let me rephrase that: there are clear use cases, but there have not been any clear implementations of those use cases on a broad mass scale yet. And until that happens, we are going to see some struggles.

3. What was the reason for the crypto market collapse in 2018? How soon will cryptocurrencies recover?

It is just about market cycles, so we are obviously at the very top of the market cycle, at around 19-20 thousand US dollars for a Bitcoin; and we’ve seen a significant, over 80%, drop in the last 12 months. That’s just how markets work – it can’t go up forever, it just doesn’t work that way. How soon will it recover – no one knows, that’s not an answer that anyone could predict.

4. Our usual question: what will be the rate of BTC in 2019?

I can’t predict the future. I have no idea.

5. Nye, please tell our readers, where will they be able to see or hear you in the near future?   

You guys can find me on Twitter @CryptoShillNye. My website is https://iamnye.com/. Any of those places.

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Two European Finance Regulators Urge the EU To Adopt Crypto and ICO Rules

Cryptocurrency and ICO regulations have been an open topic in Europe for quite a long period of time. Some finance regulators claim that it is high time the European Commission determined the place of crypto and ICO in European economy.

The European Banking Authority (EBA) stated that the current crypto asset-related activities did not comply with the EU financial laws, so that The EBA urged the EU to look into the crypto rules and identify what actions may be required at the EU level.

The representative of the EBA said:

“The EBA’s warnings to consumers and institutions on virtual currencies remain valid. The EBA calls on the European Commission to assess whether regulatory action is needed to achieve a common EU approach to crypto-assets. The EBA continues to monitor market developments from a prudential and consumer perspective.”

Moreover, the EBA advised to use the FATF’s recommendations. The Financial Action Task Force (FATF) is to issue a set of recommendations for crypto-related action in June 2019.

Another finance regulator, which supports the EBA, is the European Securities and Markets Authority (ESMA). It released a report which helps the authorities of the EU to make decisions on rules applied to crypto and ICO.

The spokesman of the ESMA said:

“Our survey of NCAs highlighted that some crypto-assets may qualify as MiFID financial instruments, in which case the full set of EU financial rules would apply. However, because the existing rules were not designed with these instruments in mind, NCAs face challenges in interpreting the existing requirements and certain requirements are not adapted to the specific characteristics of crypto-assets.”

We remind you

Seven EU Member States United To Adopt Blockchain In Their Countries

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What is STO and Why Is It Going to Replace ICO in a Near Future

During the last couple years the crowdfunding market began to develop rapidly. ICO or initial coin offering – is not only a very convenient way of raising capital for further project’s development, but also a very profitable investment tool. But there are many troubles on this market, which need a solution. In this article we will talk about a new type of crowdfunding on the cryptocurrency market (STO), find out how it differs from the ICO and what is its future.

1. The main problems of ICO

So as it was mentioned before, the ICO reputation suffered during 2017 – 2018 years. The sad statistics indicates that the vast majority of cryptocurrency startups that conducted public ICO, failed. There are many scammers on this market, whose activities are aimed only at personal enrichment. In 2018 general investments in ICO amounted to more than 18 billion dollars, and by the end of the year all projects brought only losses and frustration to their investors. Because of this, the regulators began to actively monitor start-ups that raise their capital through crowdfunding.

Users can purchase two types of digital assets in a process of participation during initial coin offering:

  • Payment Tokens. They can be used to pay for different goods and services, offered by a company- issuer.
  • Utility Tokens (or useful tokens). They allow using some specific services, offered by an issuing company.

It is very important to understand, that possession of the above mentioned types of assets does not provide an investor neither with influence on the destiny of the company (for example to participate in the voting of shareholders), nor with protection of his rights. The fact is that payment and utility tokens are not equal to securities or stocks.

2. What is STO?

It worth noting, that there is one more type of tokens – Security Token. This variant of assets is very similar to traditional stocks, to which everyone has already managed to get used on stock markets. The main feature of this type is that their owners, in fact, have the right of ownership of a certain share of a company. Such kind of investment is fully protected by regulators. It means that company’s failure to fulfill financial obligations to its investors will entail legal proceedings.

Many experts note, that STO will replace ICO on the crowdfunding market. The matter is the best features of ICO and IPO were united in this investment tool. STO got that level of security, which IPO has, and also the relative simplicity and accessibility that is inherent to ICO.

3. Who can work with STO

SEC has developed rules for investors who wish to participate in STO.

  • An investor must have net worth of $1 million. It is worth noting that this amount does not include the market value of the investor`s real estate in which he lives.
  • The investor should have net income of 200 thousand dollars a year. If we are talking about a married couple, their total annual income must be at least 300 thousand dollars a year.
  • If we talk about an organization, its net assets must be at least $5 million in order to participate in STO. Also, all members of the company must be accredited investors.

It worth noticing, that an investor does not have to comply with all the above mentioned points, one is enough.

4. Forecast for the future

It is early to talk about the future that expects for STO yet. The main indicator of success, which is worth paying attention to is the number of companies that do not work on the blockchain technology market, who wants to conduct an STO in the near future. This type of attracting investment should interest middle class companies, for which to conduct a classic IPO is too expensive. If this scenario becomes a reality, then it will be possible to assert with confidence that STO has a great future. It worth noticing, that this is not a fast process. It will take at least 1-2 years to set all the mechanisms and launch STO for a wide audience. It is quite possible with the right approach of investors and regulators. Now there is another obstacle on the way to massive implementation of STO – the general decline of the cryptocurrency market. The matter is that people`s interest to investments in blockchain is decreased at the moment. But the fall cannot last forever, that is why many experts still have optimism and believe in better future of both STO and the cryptocurrency industry.

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Interview with Mati Greenspan: What Will Happen to the Cryptocurrency Market in 2019?

The crypto industry is going through a hard period. The crypto community have so many question, e.g: “What will happen to the crypto market next?”,”Is it worth selling BTC?”. Well, only the experts can answer on this questions.

Mati Greenspan is a member of Business Insider, he is often cited by financial media, a regular participant of investing.com, FX-Street, hacked.com and etc., co-author of “The Complete Guide to Fintech, Trading, and Investments”.

He will be our financial guide in the latest events in the world of cryptocurrency.

Good day, Mati! In your opinion, the collapse of the crypto market and subsequent investors’ financial losses in October-November 2018, is it a sudden phenomenon or is it just certain historical events which lead to this end?

Hi Coin Shark. Thanks for having me. Actually, I’m pretty sure this is just a continuation of the pullback we’ve been seeing throughout the year. The break below $6,000 per bitcoin was a serious psychological blow as the barrier that was holding up for months was broken quite suddenly.

Do you consider cryptocurrency more like an investment tool or do you really envision the near future, in which we will be able to buy a Coca-Cola for BTC in a store at any place on Earth?

Great question! Bitcoin specifically is a form of global money and the levels of awareness and adoption is growing at a rapid pace but what we’re talking about here is programmable money.

There are many different types of cryptos that serve many different functions. As we go forward, more types of crypto assets will be developed. Some will be designed for investment purposes and some will be more practical and some may serve functions that we haven’t even thought of yet.

In your view, do cryptocurrencies have any real value?

Yes, of course! They’re worth whatever the market is willing to pay for them. Some will rise in value and some will fall.

Which new cryptocurrencies (that appeared in 2018) do you consider to be worth investor’s attention?

2018 saw a lot of new stable coins hit the market, which is a trend that might not be exciting for to-the-moon investors but it is worth watching closely. We need to think of these new stable coins as digital versions of their fiat counterparts. This will pave the way for the next level of tokenized assets that is coming soon.

Briefly, what does a cryptocurrency investment portfolio look like? What are the main rules for investor not to lose all their money?

Just one rule. Diversification!

Not just crypto either. There are all kinds of investments you can make. Stocks, commodities, currencies, ETFs. The more you learn about different types of markets the better off you’ll be.

What is your personal forecast for the financial world in 2019 in general and for cryptocurrency in particular?   

This last year was extremely volatile and even a bit harsh for many different assets including stocks, crypto, commodities, and even currencies. There’s fair a possibility that this could continue into next year but I’m hoping that things will relax and regain composure by the second quarter of 2019.

We’ll see how it plays out.

Learn more here:
https://twitter.com/MatiGreenspan
https://www.linkedin.com/in/matisyahu/

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WHISKY TOKEN Or WHY Should People Invest Into Crypto?

Regrettably, crypto market has recently experienced a great downfall of its value. Many cryptocurrencies have lost their former prices and now are climbing up to their stable marks. Market volatility has been an issue to all investors, even for skilled ones. What if we tell you that one Team has created a wonderful method to stabilize the market and to calm down investors’ nerves? Sounds fantastic, doesn’t it? We offer you to look into Whiskey Token – first whiskey-based crypto token.

What is WHY?

WHISKY TOKEN, or just WHY, is a creation of new values. Do you remember, in 1971, the US government decided that the dollar would be backed to the oil, not to the gold as it had been before? The same goes here, the WHISKEY TOKEN will be backed to the  real whisky value. It is based on Ethereum, this helps to combine growth potential and security of the token.

The Biggest Advantages

  • Minimum risk of loss for WHY holders. Whiskey portfolio protects them from total course breakdowns.
  • Participation is affordable for everyone. The fee is €30.
  • No commission for management, just a little for blockchain technology assistance and distinction to traditional investment funds.

WHY’s mission

The project aims to let WHISKY TOKEN (WHY) owners take part in crypto market, no matter what financial circumstances might be. Due to a high-end whisky portfolio, the holders will be able to make fortunes from returns of the crypto market with a limited downside risk. WHY combines crypto technology with real asset values. The Team is sure that expectation of every holder will come true.

ICO details

The ICO has already started, it will last till February 28, 2019. The total number of WHY created is 28,100,000. The ICO is divided into three parts, the price of token depends on the phases, starting from 1 WHY = 0.8 EUR to 1 WHY = 1,2 EUR. The soft cap is 2000000 EUR, the hard cap is 25000000 EUR. Accepted currencies are Bitcoin, Ethereum and fiat money. The bounty program is available, about €50,000 is allocated for this purpose.

If you are interested in whiskey, as well as WHISKEY TOKEN, please, follow the link to find more information about the project.

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MobileGO ICO Price Overview

MGO token allows you to significantly expand the functionality of smart contracts (similar to the Ethereum and Waves cryptocurrencies). With its help you can:

  • Acquire / sell virtual goods, as well as game content;
  • Participate in decentralized eSports events.

MobileGO ICO price is not only advantage. It has a number of useful functions:

  • Opportunity to participate in decentralized competitions;
  • Payment token in decentralized markets and stores;
  • Can be exchanged for any whitelisted crypto on exchange services.

MGO tokens are adopted by over 500 mln users all over the world. Gamers, developers, investors, publishers and creators are choosing MGO tokens massively, just like Bitcoin 2 years ago. This achievement is simple to explain — MGO is based on the transparent business utility achieved thanks to the partnerships with Xsolla, Microsoft and many other companies. Reputation, respect and revolution describe MGO in the best way!

On the chart you will be able to track the level of prices for the MGO token The transfer of it is carried out in dollars, rubles, ETH and BTC. With the help of the appropriate switch you can examine in detail the trend of the MobileGO token. You can choose a certain period for consideration — it can be 1 day, a week, a month or a year, as well as a full story.

Why to join MobileGO revolution right now?

MobileGO plans an airdrop giveaway! Everyone can join and get free MGO token! Please pay attention to the fact that airdrop of MGO tokens will be limited! It will start in November.

Follow the official social media channels and set the alert about notifications from us — don’t miss the airdrop’s launch on https://airdrop.mobilego.io!

Rules for application are very simple. Follow MGO social media and fill in the forms with required details. That’s all you have to do! They will reward you with free MGO tokens which will be sent to your Ethereum wallet as soon as you fill in the form.

Follow the updates about this and other events on the official website — https://www.mobilego.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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