Crypto News: ICOs, EOS, Binance Coin, Kin, OmiseGo, Change, The Ocean, 0x (13th – 19th of Aug)

ICO Market Research Q2 2018 Report

On 13th of Agust of ICORating’s new ICO Market Research Q2 2018 report was released and it outlines the main trends of the ICO market in Q2 2018. Around $8.3B is the total funding amount was raised by 827 projects over the quarter

One of the trends in the 2nd quarter was an increase in the share of tokens allocated to private and presale stages, and, accordingly, a decrease in allocations for crowdsales. Only 7% of all announced ICOs were able to be listed on exchanges. 55% of all ICOs failed to complete their crowdfunding

–55.38% was the median return from tokens meaning the investing into ICOs just doesn’t pay anymore.

Binance and BNB updates

On 18th of August At the Liechtenstein Cryptoassets Exchange (LCX), Binance CEO said that 90 percent of the exchange’s employees receive their salaries in BNB.

BNB is the native token of Binance, the world’s largest cryptocurrency exchange. Binance released BNB in 2017 to garner enough funds to finance the operations and development of the exchange and in return, the company has been buying back BNB with profits generated by the business.

This makes Binance one of the few commercial businesses in crypto that pay the majority of its employees in crypto. The only major multi-billion dollar conglomerate that is said to be offering employees an option to be paid using cryptocurrencies is Japan’s GMO Group, one of the country’s largest technology corporations.

This is good news for crypto and especially for BNB because it helps the adoption.

Kin (from Kik) updates

On 15th of August the Kin Ecosystem Foundation annouced that they have accepted 40 developers into the first stage of the Kin Developer Program.

They have originally set the program’s capacity to 25, but due to the high volume and quality of the applications they received, they have increased the program’s size to allow more developers to build with Kin.

Each development team will now begin building out their proposed use cases, and they will participate in a virtual demo day on October 2 where they will show that their app is ready to handle real users earning and spending Kin.

From there, approved apps will go live on the Kin Blockchain and will receive the first incentive of 50M KIN (value of $7,000 USD) and $15,000 USD. This is good news for Kin since it’s getting it closer to the real life usage.

Omisego (OMG) updates

On 17th of August OMG has released their a stable release of the eWallet version 1.0.0. It includes Admin API, eWallet API and Admin Panel.

This is a big news because it is a white label ewallet development platform that is meant to connect to the OMG network. This means that the companies can use this to create an ewallet with their logo on it and have it easily integrated into a network allowing the payments to be processed.

OmiseGO (OMG) is a decentralized exchange and payment gateway with a main goal to build a network that will allow people to pay with any tokenised value anytime and anywhere in the world.

OmiseGO’s slogan is “Unbank the Banked” and through the wallet they are trying to make the cryptocurrency more mainstream and allow people to actually use it in real life.

Change (CAG) updates

On 16th of August Change annouced they have changed the policy of how the funds are added to their cryptocurrency app in order to battle cryptocurrency volatility.

Change are building platform where users can buy/sell crypto and spend it through debit card. They also recently annouced thacdt they are working on applying for different European licenses that would allow them to become a fully regulated financial institution which would make them stand out of the competition.

CAG token is worth very little when compared to the likes of Monaco, TenX or TokenCard which makes it interesting option.

0x and OceanX updates

On 15th of August The Ocean has been released. It is a 0x based wallet-to-wallet decentralised trading platform that’s trying to become the world’s most sophisticated, professional decentralised trading platform with more liquidity, lower fees, and less risk.

The Ocean platform is one of the few using 0x which is an open, permissionless protocol allowing for ERC20 tokens to be traded on the Ethereum blockchain. Their competition includes LedgerDex, OpenRelay, Shark Relay, Paradex and few more.

0x also recently created a 0x Portal which allows crypto wallets to trade on any and all 0x relayers in contrast with centralized exchanges, where users must create multiple accounts.

Decentralised exchanges are getting more and more user friendly – something that has been an issue for a long time since centralised exchanges are much better in that regard. 0x seems to be step ahead of the compteition (the likes of Kyber, Bancor or Raiden)

Not a financial advice.

Crypto News: ICOs, EOS, Binance Coin, Kin, OmiseGo, Change, The Ocean, 0x (13th – 19th of Aug)

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Kane Dane