Stellar Lumens coming to Indonesian stores thanks to Pundi X partnership https://www.finder.com.au/stellar-lumens-pundi-x-partnershipPundi X Labs has announced plans to bring Stellar Lumens (XLM) to retail stores in Indonesia. Announced in a Twitter post, the move comes after the integration of the two networks late last month. The agreement says that Pundi X will be the anchor for the local currency, making it possible for business operators to make cross-border payments at better rates. The Pundi X POS platform will also start supporting the Stellar Lumens native currency XLM. It will act as the issuer of credit to the Stellar network for all transactions on the platform using the Indonesian rupiah. Inefficiencies in money transfer systems mean that international transactions are often made using US dollars. One aim of the partnership is to reduce these inefficiencies and encourage the use of the local currency in international trade. The use of XLM in retail stores also provides convenience for Indonesians wishing to make purchases using cryptocurrencies. The concept builds on the already successful Pundi-Pundi model, one of the most popular cashless payment apps in Indonesia. It already has a user base of 100,000 and more than 500 merchants are using it in Jakarta. Pundi X is a digital currency point-of-sale (POS) service provider. It has its own POS devices that can connect to the blockchain. This allows purchases in retail stores and also allows users to buy XLM tokens using fiat currencies, mobile wallets or bank cards. The Stellar network is a blockchain platform that enables transactions between different financial companies and payment systems. It uses a fast clearing and settlement feature to allow a seamless movement of funds between parties. The XLM token used on the network provides a bridge between the different currencies transacted. The model can currently process more than a thousand transactions per second. It has quickly gained popularity, currently having over a billion registered user accounts. XLM has started the year with a bang, climbing into the list of top 10 cryptocurrencies by market cap. It currently ranks ninth with a market cap of almost US$10 billion. |
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Baofeng Group (Shenzhen Stock Code: 300431) - Baofeng Bokocloud and Metaverse Announce Strategic Partnership http://www.nasdaq.com/press-release/baofeng-group-shenzhen-stock-code-300431--baofeng-bokocloud-and-metaverse-announce-strategic-20180109-00302HONG KONG / ACCESSWIRE / January 9, 2018 / Baofeng Group (Shenzhen Stock Code: 300431) subsidiary Beijing Baofeng Xinying Technology signed a strategic partnership with Metaverse on 25 December, 2017. As strategic partners, both parties will jointly research and develop the Blockchain Consensus Network (BCN) as well as Blockchain-as-a-Service architecture, with the aim of expanding blockchain technology applications. According to the terms of the partnership, Metaverse will provide technical support for full nodes for Baofeng Bokocloud and assist with upgrades to their consensus mechanism and incentive model. Baofeng Xinying will also be appointed as an honorary member of the Metaverse Foundation, and help enrich the Metaverse ecosystem with resources built on the BCN. Their architecture will support Metaverse's full nodes and all future versions of the Metaverse blockchain. Baofeng Xinying will also provide a range of BCN services including system setups, network commissioning and 24/7 technical support for Metaverse to ensure the security, stability, and performance of the Metaverse blockchain network. Metaverse is the first public blockchain project to propose the concept of digital identities. Digital identities will be based on Metaverse's unique blockchain ecosystem, with use cases built around the functions built into the Metaverse blockchain, Blockchain-as-a-Service and Metaverse wallets, and are capable of providing verification and authentication functions for various industries. About BFC Bokocloud Launched by Beijing Baofeng Xinying Technology, a subsidiary of Baofeng Group (Shenzhen Stock Code: 300431), Baofeng Bokocloud is the world's first Blockchain Consensus Network (BCN) platform. With a focus on blockchain technology, large file delivery networks and the commercial and home video services market, Beijing Baofeng Xinying Technology has a wealth of practical experience and technical knowledge in the areas of large-scale and high-concurrency distributed file systems. Baofeng Group is a public company listed on the Shenzhen Stock Exchange. With over 300 million users worldwide, it offers a wide range of products and services including the Baofeng Online Video Service, Baofeng Magic Mirror VR, Baofeng Sports and Baofeng Internet TV. About Metaverse Metaverse is a leading public blockchain based in China. Designed to facilitate low-cost, convenient transfer of digitized personal data and assets with unprecedented security and privacy, Metaverse aims to revolutionize the way financial services and transactions are processed and to improve outdated and inefficient identity verification services with a network of Digital Assets, Digital Identities, and Oracle Intermediaries. |
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oBike launches cryptocurrency oCoin that generates value as you ride https://cyclingindustry.news/obike-launches-cryptocurrency-ocoin-that-generates-value-as-you-ride/A new cryptocurrency introduced by oBike in partnership with TRON will today go live. Dubbed oCoin, the latest cyrptocurrency goes on token sale to institutional investors, with four billion oCoins for sale. This was announced today by Odyssey, the oCoin not-for-profit foundation. Odyssey leverages on blockchain technology. It aims to establish oCoin, its official token and the basic unit of accounts in Odyssey’s blockchain, as an acceptable mode of payment globally without the need for central bodies or third parties. Foundation members include key founding and executive members from global leading transportation sharing companies. oCoin, which is based on the Ethereum protocol, currently accepts only ETH, Ethereum’s cryptocurrency token. Hence, all participants’ wallets must be ETH ERC20 compatible to purchase oCoins. It has plans to support TRX, TRON’s cryptocurrency token in the near future. oBike, one of the world’s largest bike share operators, has become the first application of the sharing economy to be compatible with the Odyssey protocol. As part of its strategic partnership, Odyssey will work closely with TRON on cross-ecosystem collaborations which will benefit Odyssey’s sub-ecosystem like oBike. Investors of oCoins can also use them to purchase online content, or on any applications that are on TRON’s platform. oBike users will be able to use oCoins to pay for their rides as well as top up their oBike wallets using oCoins. oBike users can also look forward to generating oCoins whenever they ride, with the ability to earn more oCoins the longer they ride. Also announced today, oBike’s mobile app in Asia now offers a delivery service called oBike Flash. Those who sign up to be ‘Flashmen’ can earn oCoins by handling deliveries. Institutional investors who are keen to participate in this token sale, can contact https://t.me/OdysseyOfficial via Telegram. More information can be found on the official Facebook page. |
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NEO Founder Says It's Time for Regulators to Step In https://www.bloomberg.com/news/videos/2018-01-11/neo-founder-says-it-s-time-for-regulators-to-step-in-videohttps://www.bloomberg.com/news/articles/2018-01-11/china-s-largest-cryptocurrency-thrives-despite-intense-crackdownA digital coin from China that takes its name from a character in The Matrix has become one of the world’s most valuable cryptocurrencies. And it’s done so by defying many of the principles that underpinned bitcoin’s meteoric rise. NEO has surpassed $12 billion in market value, ranking 12th globally despite hailing from a country that’s banned digital coin issuances in one of the world’s harshest crackdowns on crypto-speculation. But founder Da Hongfei, 37, thinks Beijing is mostly done and he can focus on developing his underlying technology. Da designed NEO to be a rival to ethereum: a decentralized ledger that lets companies issue tokens and set up smart contracts or programs. For now however, NEO’s still controlled by a handful of people -- mostly the co-founders and staff -- who decide who they work with. That’s a long way from the libertarian ideal of bitcoin with its open network of thousands of miners. But Da says the plan is to move to a similar system as soon as 12 months from now. “We want to be the place people go to when they want to do serious and reliable transactions,” Da said after an interview with Bloomberg Television on Thursday. Da, a self-taught coder, founded NEO with a fellow Chinese programmer in 2014, before bitcoin captured the public’s imagination and ignited a frenzy of crypto offerings. Hundreds of coins have been launched since with little regulation and growing concerns about a bubble among investors including Warren Buffett. NEO was formerly known as Antshares, before taking on its current moniker to avoid confusion with Jack Ma’s Ant Financial. How China’s Stifling Bitcoin and Cryptocurrencies: QuickTake Q&A Unlike bitcoin however, where anyone can become a miner, the NEO Council and coin holders decide who they work with. That’s why as of December, it had just seven nodes or computers verifying transactions and adding blocks to its network -- a fraction of bitcoin’s. “You can question the value of NEO,” said Zennon Kapron, managing director of Shanghai-based consulting firm Kapronasia and a former investor in the Chinese coin. “The risks in having a central control structure like that is whether the team is working in the best faith of the users of that platform.” Da argues NEO’s selling point is faster decision-making. Having a centralized structure makes consensus easier to reach and can avert the kinds of conflicts that split the bitcoin camp. NEO’s own blockchain -- or record ledger -- now processes as many as 1,000 transactions per second, Da says. Bitcoin handles about 10 transactions per second, on a good day. “For early projects that are adapting and changing fast, efficiency is very important,” said Da. “Right now it’s not a distributed system, but we plan to make it one someday.” One question is whether Beijing’s policies might play a role in its longer-term development. NEO’s managed to side-step much of the fallout from China’s crackdown on coin issues because it pre-dated those regulations, Da said. “The regulation is already very strict. I don’t see more strict regulations coming,” Da told Bloomberg Television. |
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I was asked my opinion about BaoFeng news.. and you guys just have no idea...... by Sockeyebtc https://www.reddit.com/r/Tronix/comments/7pgbvc/i_was_asked_my_opinion_about_baofeng_news_and_you/In America, the internet is available. You can google things, you can find opinions of people you dont agree with. In China, you can't. You've got to VPN, and those get smoked constantly.. and put you at risk. Little Justin has a solution. I underestimated him. This is a global play by Jack Ma and Justin Sun to decentralize content in China. Think about it.. the BFC is a NAS.. so what.. oh wait, what if.. we put VIDEO into the blockchain. Then.. you put the blockchain validator on the NAS.. where does the video live?? Yep.. its now a little CDN node. So you can watch the content by paying tron tokens to view blockchain content, but you can also SERVE that blockchain content to OTHER people. So.. China hasn't figured this out. But I have. Justin and Jack just changed censorship in China, and there will be no way PRC can stop them. Before, you pull off content by ordering the provider to turn off their network access.. Now, you have 511,000 individual nodes.. try to take THAT offline. Clever Chinese man.. they always find a way. That's why China is keeping it down, they are loading up before this is understood. They really did do something, and you guys are worried about ICO whitepapers.. lol.. get on a plane and investigate the WORLD if you want to make sense of any of this. Respect little jbizzle........ ...its good to read all the coments of Sockeyebtc |
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https://twitter.com/justinsuntron/status/950992805932838913We #TRON are proud to announce the partnership with Baofeng group. Baofeng, aka Chinese @netflix, boasts more than 200 million users as a video portal giant and has achieved 8 billion CNY listing in Shenzhen stock exchange (300431.SZ). Baofeng and TRON — Opening a New Era of Blockchain-Based Online Entertainment https://medium.com/@Tronfoundation/baofeng-and-tron-opening-a-new-era-of-blockchain-based-online-entertainment-63fd6c97ca4d
Recently, bfc.baofeng.com has reached a blockchain technology cooperation agreement with TRON, with the signing of Blockchain Consensus Network (BCN). Bfc.baofeng.com and TRON will cooperate in the deployment of full nodes in the blockchain network, the integration of blockchain with online entertainment industry, the building of open source community of blockchain and so on, opening a new era of blockchain-based online entertainment.
Since its inception in January 2007, Baofeng has been committed to providing Internet users with the easiest and most convenient Internet audio and video playing solutions, with its world’s leading video decoder and audio decoder technologies. Currently, Baofeng.com boasts more than 200 million users as a veritable video portal giant. Baofeng Group Co., Ltd. [300431] has achieved the aggregate market value of over 8 billion CNY since its listing in March 2015. As a pioneer of Baofeng Group to enter the blockchain field, bfc.baofeng.com gained extremely high attention upon its launch, with more than 500,000 reservations. The BCN service is a global first and can help the blockchain business quickly deploy massive nodes.In the future, Baofeng BFC hardware devices will support TRON and run the full nodes of the TRON’s main chain. This will undoubtedly provide a sound infrastructure for the TRON main chain’s launch and operation and lay a solid foundation for blockchain-based online entertainment’s development.CEO of bfc.baofeng.com, former COO of Baofeng Group — Tianlong Cui Bfc.Baofeng.com’s CEO Tianlong Cui said: “After communicating with the TRON team, we find that TRON already enjoys a huge global community and market and that TRON is essentially a complex network composed of an integrated blockchain settlement system and a P2P data engine system that offers smart contracts large file services and that allows intelligent cache and deployment. As a large-scale P2P network operator, we know how difficult this network is and how great the technical challenges are. We look forward to the TRON team overcoming the difficulties and launching the network.” TRON’s founder Justin Sun said: “Baofeng Group is one of the best Internet companies and a prominent public company in China. This cooperation reflects Baofeng’s clear understanding of the Internet’s future and its high recognition of TRON project and team. For TRON, 2018 will be a year of rapid growth. Launching the main chain will be the top priority. Baofeng’s BCN service will pave the way for TRON’s sustained development. We both look forward to opening a new era of blockchain-based online entertainment. Tron is a decentralized content protocol that aims to establish a global free content entertainment ecosystem through blockchain technology. It allows each user to freely publish, store, and own data. The content creators will be empowered through the free creation, circulation, and trading of digital assets under decentralized self-governance. Tron was founded by Justin Sun, the former Greater China chief representative of Ripple. Justin was featured in 2015&2017 Forbes China 30 under 30, 2017 Forbes Asia 30 under 30 and was a member of the first batch of entrepreneurs at Hupan University, an elite business school established by Jack Ma, the founder of Alibaba Group. According to coinmarketcap.com, Tron is among the top 10 crypto currencies by market cap, with a total market cap over 10 billion USD.
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https://twitter.com/NEO_DevCon/status/950603303502585856NEO DevCon @NEO_DevCon Follow Follow @NEO_DevCon More NEO DevCon Retweeted NEO DevCon We have received over 100 applications from developer community during the past 3 days! Seeing the hot demand and feedbacks, NEO DevCon organizing committee decided to release additional 100 free tickets for developers! Don’t miss the chance
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Blockchain Tech: Here's A Fresh Idea For A Smart Economy https://www.huffingtonpost.com/entry/blockchain-tech-heres-a-fresh-idea-for-a-smart-economy_us_5a54d45ee4b0cd114bdb366a........That’s where Elastos enters the picture, with a ground-breaking idea to decentralize blockchain use by providing a cross-platform operating system and public blockchain that is specifically designed for a smart, global, economy. Elastos, a Shanghai, China-based technology company, offers companies, government, and the masses a unique value proposition – the world’s first operating system that targets the decentralization of the internet leveraging blockchain technology. The Elastos operating system has been in development for 18 years, and has 10 million lines of codes. Founder Chen Rong, a former software engineer at Microsoft, was asked by the former Prime Minister of China to present at The Great Hall about operating systems in the 90s. Elastos uses the internet as the base-layer infrastructure that offers support for the development of decentralized applications (DApps), and focuses on the goal that network communications should be separated from application computing. The Elastos Foundation held a private crowdsale in China last August and raised nearly 4,000 bitcoins. The project enjoys support from Da Hongfei, founder of the cryptocurrency NEO, as well as, Wu Jihan, CEO of BitMain which controls the largest mining power for bitcoin. The operating system was funded by Foxconn and Tsinghua University, a prestigious institution in China. Using technology the company describes as secure, trustworthy and smart, Elastos’ mission is to build blockchain-powered decentralized internet that offers the general public widespread access to data rights and secured transactions using ELA token and Bitcoin merge mining. In doing so, Elastos is providing the masses a secure, reliable, and effective platform for billions of internet users, providing digital rights, a means to conduct transactions safely and transparently, and providing a better platform for the movement of digital assets. It’s a fresh and formidable message that is spreading fast. “Elastos is one of the most imaginative Blockchain platform projects, which may bring about profound reform to future Blockchain application development,” notes Li Lin, founder and chief executive of huobi.com. Lin’s hardly alone in that sentiment, and more global technology decision makers are already following, due primarily to four key ways the Elastos revolution is building a new and innovative blockchain/internet model: 1. A new operating system model – Elastos is building a network-oriented operating system where applications and services execute across the internet. Elastos separates network communications from application computing, paving the way for a new generation of universal apps running on AR/VR headsets, IoT gateways, game consoles, phones, PCs, TVs and cloud servers. 2. Providing new access to the general public – Elastos has a singular goal - to revolutionize the internet with its game-changing "internet of things" infrastructure, which make the idea of widespread blockchain usage by the general public a reality. To fuel its blockchain ecosystem, Elastos provides a robust credit system, a safe and secure computing environment, and full access to rights confirmation, transactions, registration and circulation of digital assets across a smart global economy. 3. A token-driven model - With Elastos, platform participants can earn ELA tokens by creating social apps, video games, marketplaces, search engines and other applications, which operate in a decentralized and completely transparent blockchain environment. ELA holders can spend their tokens purchasing products from participating businesses across all digital platforms. 4. A safe blockchain environment – The Elastos platform also prevents malicious code from endangering internet user data. As Elastos is decentralized across the internet, it leverages blockchains to authenticate user IDs, application IDs and machine IDs. All smart contracts and DApps are executed on auxiliary blockchains (i.e., app-level functionalities placed on top of the Elastos network operating system). The takeaway? Elastos is focused on bridging that substantial divide between blockchain technology and a vibrant and robust user experience for the masses. Developing the first internet operating system that uses the internet as the base-layer infrastructure, rather than an application, is an ideal “demand meets solution” scenario. Make no mistake, today's innovators are determined to bring blockchain disruptions to fruition, and for years to come |
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HYBSE — Ready for the Future of French Securities Trading https://medium.com/dimcoin-coverage/hybse-ready-for-the-future-of-french-securities-trading-2ec708f409c4The french government announced plans to allow unlisted securities to be traded on blockchain based exchanges — DIMCOIN and its HYBSE (Hybrid Stock Exchange) are developing an ecosystem facilitating the platform to do that. This looks like some good momentum for DIMCOIN! Recently, on December 8 2017, the French government announced its plans to allow unlisted securities to be traded on distributed blockchain ledgers. Since Brexit, the French government has made a number of new changes to facilitate Paris in becoming more important for financial innovation, which have included payroll tax cuts to labor reforms, and more. Now, the Prime Minister is allowing French banks and fintech companies to list their securities on an online exchange underpinned by blockchain technology. The concept allows securities — such as stocks, EFTs, and commodities, to be traded peer to peer without middle men like brokers and custodians. However, currently listed securities on financial exchanges will be ineligible and still be required to go through custodians and clearing houses. So how will this exactly happen? And when will this happen? The advantages are monuments for global trading. Currently, no blockchain platform exists to implement this concept. However, the DIM Ecosystem seems to align perfectly with the French Prime minister’s recent news. The DIM Ecosystem is already in motion and under development. The DIM Ecosystem is a Perfect Match The DIM Ecosystem is a multifaceted project which initially launched its ICO in July 2017. The ICO raised over 14 million USD. The paramount of the ecosystem is the Hybrid Stock Exchange (HYBSE). As outlined in the whitepaper nearly six months prior to France’s recent announcement, the HYBSE will allow small and medium sized companies to trade securities on the NEM blockchain platform — from anywhere in the world, to anywhere in the world — instantly, with much lower fees. Other facets of the project include DEPOTWALLET, which will enable the storage of various cryptocurrencies as well as fiat currencies and the payment solution DIMPAY which will be a mobile wallet allowing the storage and usage of currencies anywhere in the world. DIMCOIN is based on the NEM blockchain which is already a well known and well functioning platform. Additionally NEM and Trezor announced that NEM will be integrated into the Trezor hardware wallet platform with the next firmware update. This means you can secure your assets on the NEM blockchain (including those from DIMCOIN) on the Trezor hardware wallet. DIM is very strict on being legally complaint and they are going through the necessary paperwork needed for the launch of HYBSE in mid 2018. As of now, 10+ companies are confirmed to be listed on the HYBSE at launch and the number will continue to climb. At this moment, due to legal obligations, the DIM Foundation cannot reveal which companies will be listed. The recent news would allow French companies to easily list on the HYBSE with a lot of the red tape being already cut with this announcement. Both DIM and France’s visions of an online exchange to trade securities seems to align perfectly. Only time will tell the success of HYBSE and DIM as the future of Equity on the blockchain. But this could bring them one step closer. Sources/Further Reading Dimcoin.io Dim.foundation Valuation of DIMCOIN |
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A Beijing district court dismissed a lawsuit against Chinese exchanges, stating "people have the right to freely participate in bitcoin tradings at their own risk" https://twitter.com/cnLedger/status/950572521425743874http://bjcb.morningpost.com.cn/html/2018-01/09/content_474177.htm(( translated )) Bitcoin speculation litigation claims litigation was refuted The defendant did not participate in the sale and purchase of legal plaintiffs and the operation was unsupported After being introduced, Mr. Wang invested more than 100 million bitcoin over a year ago. In just a few months, Mr. Wang not only did not make money, counter-off more than 40 million. Mr. Wang bitcoin is not a legal subject matter subject to law, does not have the currency attributes, the contract between the platform and the transaction should be invalid as an excuse, the exchange platform Beijing World Coin Network Technology Co., Ltd. and the two remittance of funds Beijing Fire Investment Management Co., Ltd., Beijing Multi-media Network Technology Co., Ltd. prosecution litigation to the court, asked the three companies to return their loss of funds. Haidian court rejected Mr. Wang's claim. Plaintiff: 40 month pay 400,000 claims Mr. Wang said that with the introduction of friends, he registered for an account with the Company's online trading platform in October 2016 and started to make bitcoin transactions. Because it is a 24-hour transaction, it is difficult for him to continue to pay attention to the transaction as an individual, which has a great impact on his mentality and spirit. In order to work and live normally, he terminated the transaction, withdrawing all the RMB balances and bitcoins from his account. The amount of its remittance respectively into the fire company, multi-wisdom company account, as of January last year, Mr. Wang a total of 1.4 million yuan worth of cash, raised a total of 99 million yuan. Mr. Wang believes that bitcoin does not exist, nor is it legally prescribed by law. According to the basic theory of Marxist commodity, the commodity should have the use value and value, and the bitcoin has no value and use value, and can not be identified as a commodity. In addition, Bitcoin is not issued by monetary authorities, does not have the legal nature of monetary and other mandatory and mandatory currency, nor is it a real currency. From a qualitative point of view, Bitcoin does not have the currency attributes, can not be used as a trading and payment instruments. In summary, Mr. Wang said that his transaction with the Coin Company due to the absence of the subject matter is invalid and therefore requires the court to order that he and the Coin Company, the transaction contract is invalid, the fire company, the fire company , More wisdom and publicity company to assume joint and several liability, jointly returned 40 million yuan, and pay the appropriate interest. Defendant: Non-trading objects operate legally Defendant Coin disagreed with Mr. Wang's claim, his agent said Mr. Wang's understanding of Bitcoin was wrong and his trading on the platform was not invalid. "The object of the plaintiff's transaction is not the fire currency company, the operating platform of the fire currency company is legal, and the plaintiff's investment in bitcoin's loss should be borne by himself at the corresponding loss." The other two defendants argue that they are cooperating with the Coin Company and only charge the user for the entire transaction. Verdict: The user refuses to sue The court held that the plaintiff registered and funded on the fire coin online bitcoin trading transactions, fire coins network for digital asset trading activities to provide Internet trading platform services, not as a seller or buyer involved in buying and selling digital assets itself, so Wang Mr. service contract relationship with the fire currency company. According to China's relevant laws and regulations, bitcoin is not issued by the monetary authorities, does not have legal and monetary and other monetary attributes, is not a real currency, but no laws and regulations explicitly prohibit the parties to invest in bitcoin and transactions, and Is to remind departments to strengthen the public investment risk tips, the ordinary people have the freedom to participate in bitcoin transactions at their own risk. In the lawsuit, Mr. Wang did not submit evidence to prove the existence of illegality of operation of the fire currency network, which considers that the contractual relationship with the fire currency company is null and void and does not have factual basis and legal basis in the absence of bitcoin, The claim was not supported, nor was it supported by its claim that the three defendants, jointly or severally, return their own trading losses. ■ judge reminded Do not blindly invest bitcoin Not long ago, the seven ministries and commissions promulgated the "Notice on Preventing the Financing Risk of Token Issuance". All major domestic Bitcoin trading platforms responded in response to the deadline for shutting down RMB and Bitcoin transactions. However, at the same time, many Bitcoin financial platforms are still operating normally and continue to declare high yield. The judge said that these financial platforms generally advocate that the seven ministries and commissions halted the acts of tokens financing, and they are engaged in financial management, is the transaction between virtual currency and virtual currency, rather than between the virtual currency and the RMB transaction, there is no touch Touch the red line. At present, the legal attributes of wealth management products such as bitcoin funds have not been clearly defined yet. "The platform controller, capital pool, wind control and other conditions, investors are often difficult to see, with a greater risk." The judge warned that investors should be fully vigilant, must not blindly follow the trend. Although different countries have different regulatory models for virtual currency, it is the general trend to strengthen supervision. The virtual currency should be included in the standardized development path. Beijing Morning Post reporter Huang Xiaoyu |
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ODYSSEY THE FUTURE OF DECENTRALIZED SHARING ECONOMY THE FOUNDATION OF GLOBAL PEER TO PEER ECOSYSTEM https://twitter.com/yishi888/status/950410413363027968https://www.ocoin.sg/Connect Everything, Share Everything, Credit-based Protocol ABOUT ODYSSEY ODYSSEY’s mission is to build the next-generation decentralized sharing economy & Peer to Peer Ecosystem. ODYSSEY aims to reduce overall operating cost, increase marketplace efficiency and boost ROI of product & service providers in the Global sharing economy & peer to peer ecosystem. Using blockchain smart contract as well as AI and Big Data, ODYSSEY will empower the ecosystem with below revolution: One Credit/Trust-Based Protocol for all ODYSSEY ecosystem players: • Decentralized and Minimum Operating Cost • Open Source and Scalable • Trustworthy and Anonymous • Autonomous and Better Compliance • Incentivized Participation • Monetization Peer to Peer Ecosystem Community: • Decentralized and Minimum Transaction Cost • Easier Monetization • Better Distribution and Matching • Quicker Transactions without payment barriers CORE VALUES We want to build a faithful sharing economy system where: • Everything can be shared, everything can be connected. Sharing is the new ownership. • Everyone should have the full ownership of the data they possess and create. Data must be freely owned, and will not be used to exchange for the right to participate sharing economy system.• Freedom to share, free to share. Everyone contribute to the ODYSSEY sharing economy will be entitled to proportional profits for their contribution, according to ODYSSEY’s rewarding mechanism. • Credit is priceless and Credit should be rewarded, according to ODYSSEY’s credit protocol mechanism.• Sharing Economy should be non-monopoly and unbiased for everyone.• Sharing Economy should be autonomous. INFRASTRUCTURE • An autonomous, high efficiency, low cost, credit-based, highly incentivized marketplace. • Dynamic Economic Stimulation Mechanism to reward individuals contributing to the ecosystem. • Dynamic Economic Stimulation Mechanism to reward DAPPs (sub ecosystem) contributing to the ecosystem. • ONE high quality payment network to connect entire sharing economy. • ONE universal trustworthy credit-based protocol and single UID to empower entire sharing economy. • Open Source and embrace revolution. FOUNDATION The ODYSSEY Foundation is set up with the approval of the Accounting and Corporate Regulatory Authority (ACRA) and under supervision and regulation of the Company Law of Singapore. It is run by the Board of Trustees or the Board of Governors formed by eligible trustees for independent management and operation, which is also independent from the government's administration.Singapore is renowned for its stable and well-established laws and financial environment. As a nonprofit entity established in Singapore, the ODYSSEY Foundation, subject to the laws of Singapore, is a legal entity having no commercial interest that supports and engages in activities for public or private benefits. The “profits” obtained by the Foundation are deemed surplus and will be retained for the organization and implementation of other activities and events. Members of the Foundation will never partake any distribution of profits. CHIEF ADVISOR Yi Shi is the founder & CEO of technology company DotC United Group. The company owns mobile advertising platform Avazu, app developer DotC and data business intelligence platform Noogenesis. In 2014, Shi founded Teebik which is focused on global mobile game publishing. In 2015, Shi sold Avazu to Shenzhen-listed gaming company Zeus Entertainment for more than $300 million to realise a back door listing onto China's A-Share, and he continued to oversee Avazu's advertising operations. In 2017, he privatised Avazu from A-Share and injected all Avazu's assets into DotC United Group within a $360 million transaction. Yi Shi is recognized 3 times by Forbes as one of China's and Asia's 30 under 30 entrepreneurs, made to 2016 Fortune China 40 Under 40, and Hurun 30 Under 30 for China 2017. He is also the chairman and founding investor of oBike, a young startup in the bike sharing space which aims to become the next generation transportation platform designed for the first- and the last-mile. CHIEF ADVISOR Justin Sun, born in 1990, graduated from University of Pennsylvania with Master degree in the US, and received Bachelor degree from Peking University. He is the founder and CEO of TRON, former Chief Representative of Greater China of Ripple. He is also the founder and CEO of Peiwo APP which is the leading audio content community in the world, and the initiator of the Revolutionary Road of Financial Freedom. In 2015, Justin became the only “post-90s”member among the first batch of students in Hupan University established by Jack Ma, the founder of Alibaba Group, so Justin is known as “Protégé of Jack Ma”. In 2012, Justin began to get in touch with Bitcoin Community, and in 2013 he joined Ripple and worked as the Chief Representative of Greater China of Ripple, helping Ripple to successfully finish the A-round financing of $30 million USD from IDG/Accel, and making Ripple to become one of the top 3 virtual currency systems in the world. |
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