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Payera Review
Whilst blockchain technology has a multitude of purposes (one only has to shoot a quick glance at the many diverse ICOs out there), the main one is still money and financial transactions. It is easy to understand why this is the case given the many intermediaries involved in financial transactions between companies. Every middleman adds to the financial costs associated with transactions, and cryptocurrencies are a great way to circumvent that problem. Payera is an an ICO that seeks to challenge the status quo by eliminating the need for any intermediaries, and thus reduce the costs associated with transactions.
What is Payera?
The team behind Payera brands the platform as the first cryptocurrency payment platform with a multifunction solution that is secure and easy to use. These multiple function come in three forms: Payera, Shopera, and Cardera. Payera itself is a payment platform, and comes complete with both buyer and seller protections. There will also be an in-built exchange that user can utilise, instead of having to use third party exchanges. The platform is also operate on a ratings system, which buyers and sellers can use to assess each other, similar to platforms like eBay. The assessment made by the buyer of the seller, however, has an important effect on the seller’s capabilities on the platform. If the seller has a good rating, they will be able to receive direct payments and have lower transactional fees associated with the sale. Both buyers and sellers will have a digital wallet assigned to them to use on the platform. This wallet will be protected either with a PIN code, a fingerprint, or face recognition, depending on the user’s smartphone capabilities. In addition to the platform being decentralised, Payera will not have access to any user accounts.
What is Shopera?
Shopera is the online store component of the Payera ecosystem. Here, retail and individual merchants alike can list their goods, whether it is new or used. Depending on how much an item costs, a merchant will pay between $0.05-$0.50. As with eBay, the Shopera platform is easy on the small fish: if you sell less than ten items every month, you do not pay the seller’s fee. Buyers can use the platform for free, regardless of how much they purchase.
What is Cardera?
Cardera is the cryptocurrency payment cards that will come with a Payera account. I can be used for online transactions, as well as in regular ATMs to withdraw funds. Payera will issue the Cardera payment card for a flat rate of $20.
Key features of Payera
The design of the Payera platform is very intuitive and easy to use, and comes complete with all the features you would expect from a cryptocurrency platform. As it makes used of Ethereum’s network, it is a completely decentralised platform that secures all use data. The transactions themselves are faster than current methods of transferring money, and the tokens can be used in external online stores partnering with Payera. As a buyer, Shopera is free to use, and as a seller, it is a lot cheaper than similar platforms.
Other Information:
– Payera TWITTER
– Payera TELEGRAM
– bitcointalk ANN
– bitcointalk BOUNTY
– bitcointalk Username: Ico Friends
BGX Review
In the world of cryptocurrency, it is, obviously, all about the money. In the world of mobile gaming, money is definitely a deciding factor as well. As a matter of fact, the industry reached a total revenue of $30 billion last year alone. The projections for this year are even bigger, and experts suggest that we will see a 15% growth from last year. It is not an easy industry to break into, however. If you are a developer, you will quickly discover that the companies behind the mobile platforms you are developing games for will charge you quite a lot to use their platforms. There is always a silver lining behind every cloud, however, and this predicament has opened the doors for the blockchain industry to make its entrance. BGX is an ICO that promises to bring something new to the table in terms of financial transactions within mobile gaming. Not only that: they have already proven themselves by impressing a string of industry partners. The fact that BGX has already been tried and tested sets it apart from the majority of ICOs, most of which are projects in the making. BGX brands themselves as the ‘fastest, low-cost, and most secure decentralized method of payment processing.’ The gaming industry will benefit greatly from this innovative approach to financial transactions, so whether you are a gamer or a game developer – read on!
What is BGX?
Using blockchain technology, the team behind BGX is developing a decentralized platform that has multiple functions. The main aim of the platform is to process payment made in mobile games. Another aim is to allow developers of mobile games an easy way into the world of cryptocurrency. Not only will the developers be able to make money off of their creations in the form of cryptocurrency tokens, they will also have access to a market of mobile game players and grow their audience. Considering that they only pay 10% commission, this is a pretty good deal – traditional app markets charge around 30% commission. The other part of the mobile gaming industry, the players, will also be able to benefit from BGX. Rather than having to contend with ads and sponsored content, they will be provided with a digital wallet and can earn money every time they watch an ad.
What are the key features of BGX?
The developers behind BGX are promising a myriad of functions when it comes to their platform. Among these will be a distribution system for mobile games made for iOS and Android devices. There will of course also be an independent processing mechanism, for cryptocurrency and fiat money alike. Players will have access to digital wallets where they can store their cryptocurrency. Developers will have a subsystem designed for token emission. Many of the common monetization models will also be supported by BGX. Finally, the transactions carried out will be supported by a powerful AI that uses sophisticated algorithms. This AI will not only be able to monitor the financial transactions, but also prevent fraudulent behaviour, create tournament games for players, monitor the overdraft functions, allow users to customise and cluster the mobile applications, help create a compliance model, monitor the applications to ensure that they are complying with the law, and finally control the exchange rate of the various cryptocurrencies being used. Talk about versatility!
What about the tokens?
Another way in which BGX sets itself apart from other ICOs is that is used not one, but two types of tokens. These are called BGX (naturally) and BGT. The BGX token is based on the Ethereum network and uses the ERC-20 standard.
bitcointalk Username: Ico Friends
NextPakk Review
NextPakk is the next generation of parcel delivery services. Too often, customers who order products online miss their deliveries, because the parcel delivery services are unable to deliver at a time that is convenient for the customer. Most people have a nine to five job, and are only able to receive deliveries during the evenings and weekends. The drivers, however, are also working nine to five, and so there is an obvious challenge to overcome. NextPakk creates an online marketplace where local businesses, drivers, and customers can connect to solve this issue. The businesses utilise their extra space to store the parcels, the drivers utilise their extra time and vehicles to deliver them, and the customers receive their parcel at a time that is convenient for them.
What is NextPakk?
NextPakk is a blockchain startup company based in Minneapolis, USA. The vision of the company is to integrate blockchain technology and last-mile logistics with the modern supply chain. From the point where a product is created to the point where it is delivered to the address of the buyer, it goes through a long supply chain. The last-mile logistics is where it tends to go wrong, as many deliveries are made to customers during the day when they are at work. This results in a lot of failed deliveries, and ultimately requires the buyer to pick up the delivery themselves at a delivery office. According to research carried out by NextPakk, over one billion failed deliver attempts of this kind happens every year. Needless to say, this results in a lot of wasted time, work hours, and fuel, on the part of the delivery company, and a bad customer experience for the buyer. NextPakk aims to remedy this problem with their delivery system. Instead of having their purchases delivered with a regular company, who might not be able to accommodate night-time deliveries, buyers can have their purchases shipped to NextPakk. NextPakk will then store the client’s parcel in a secure warehouse, which will have 24 hour surveillance. Once delivered to their warehouse, the buyer can then request the parcel to be delivered to them at a time that is convenient for them. Since NextPakk works from 6pm-midnight seven days a week, this offers customers with a nine to five work schedule very good flexibility. As soon as the parcel has been safely received by NextPakk, the customer will be notified. From here, they simply enter their address, phone number, and the date and time for the desired delivery. Customers can choose to pay for a single delivery, or they can sign up for a subscription service in case they receive a lot of deliveries on a regular basis. All the drivers working for NextPakk are background-checked. NextPakk’s guarantee is that the parcel will be delivered successfully the first time, thus taking the hassle out of receiving parcels.
How does NextPakk work?
NextPakk has designed a scalable sharing economy by combining blockchain technology with sharing prosperity. As opposed to most other ICOs, NextPakk does not use the Ethereum network. The Pakka blockchain is instead built on the Stellar fork, which is meant to make the system more scalable and provide a higher output. The Pakka token itself will be the native currency with which buyers pay for their delivery services, and drivers get paid. The drivers themselves can utilise their personal vehicles and spare time to deliver parcels to the buyers. Local businesses can also utilise their extra space to store the parcels and get paid in Pakka tokens. All drivers are background-checked and all parcels are tracked online. As an extra layer of security, NextPakk will also have an escrow system implemented in order to cover for any unexpected damages to the parcels.
What are the key features of NextPakk?
By utilising local businesses and warehouses as their delivery points, NextPakk will have many more places than the average post office or delivery service. This means that deliveries can be carried out much faster, as the parcels will be stores local to the buyer. Because of this close proximity, the distance the driver has to travel to deliver the parcel will also be reduced, thus cutting costs for time and fuel. The delivery points will typically be less than five miles from the address the parcels are to be delivered to. In addition to cutting the distance, the system will also allow for minimising traffic jams. Finally, both the package delivery points and the drivers will be monetarily incentivised to let the buyers control the time of delivery so that there are no failed attempts or chance for the parcel to be stolen because it it left unattended.
What are the benefit of Nextpakk’s ecosystem?
The checks and balances of the NextPakk ecosystem is perhaps the best part of this ICO. The retailers sending the parcels will see an increase in profits, as the number of returned, failed, or stolen deliveries go down. The local businesses who utilise their extra space to store parcels will benefit from an extra income stream. The drivers will also earn an extra income by using their extra time and their own vehicles. Finally, the customers will have a much better experience, as they are in control of the delivery and do not risk their parcel being stolen or returned to the retailer.
What is the Roadmap for NextPakk?
According to NextPakk’s website, the roadmap for their project is as follows:
- Q1 2016 Seed planted for NextPakk
- Q3 2016 V1 of NextPakk as a physical solution
- Q1 2017 Collected feedback from users on V1 and revisited the solution
- Q2 2017 V2 of NextPakk solution based on shared ecosystem MVP Conducted over 700 customer interviews
- Q3 2017 Ran a pilot program involving 10+ apartment complexes
- Q4 2017 Started work on building the platform based on blockchain
- Q1 2018 Web app launch
- Q2 2018 Private Tokensale
- Q3 2018 ICO and token distribution
- Q4 2018 Market reach in 3 US major cities
- Q2 2019 Pakka Dapps launch UK/AU/DE markets
- Q4 2019 Expansion into 10 US major cities R&D using AI in Logistics
- Q4 2020 Expansion into sub-Saharan countries
- Q4 2021 Continued worldwide integration with the globas supply chain
How will the Pakka tokens be distributed?
The total supply of Pakka tokens will be 1,000,000,000. Of this supply, 8% will be sold during a private pre-sale, 12% will be sold during the pre-ICO, and a further 30% will be sold during the actual ICO. The team behind NextPakk will have 10% of the tokens made available to them, and their advisors will have 8% to look forward to. 8% of the tokens will be reserved for user rewards and airdrop, and 3% will be earmarked for bounty. The drivers delivering the parcels will have 8% of the tokens in store as rewards for going the extra mile (so to speak), and the local businesses functioning as the package delivery points will have 5% of the tokens assigned to them as rewards. Finally, there will be another 8% of the tokens kept as a company reserve.
Other Information:
– NextPakk TWITTER
– NextPakk TELEGRAM
– bitcointalk USERNAME: Ico Friends
SEC, Securities and Exchange Commission, has affirmed its pervious directive that all ICOs (Initial Coin Offerings) are indeed categorized and securities. Therefore, all companies that are currently running an active ICO or planning to launch one need to get in touch with the regulator and register. As noted in an article posted on CNBC, one of the directors working with the regulator stated that the firm is surprised by the companies’ lack of self-reporting.
In an interview that was held on Wednesday this week, SEC Commissioner Jay Clayton clarified that all digital assets and tokens that are using in an initial coin offering are securities. This is based on the fact that the assets are meant to act as seed money to facilitate development and expansion of the new digital currency been created.
SEC has also stated that they expected to see an increase in number of ICOs who submit their registration papers to get the go ahead to hold the ICOs. One of the main reasons why the government through SEC wants all companies offering ICOs to register is to protect investors from fraudsters who offer fake ICOs. In the same interview, Clayton stated that it is the duty of SEC to regulate both the provision of the tokens through the ICO as well as trading of the token after completion of the sale.
When asked why he believes that digital assets are securities, he cited a Supreme Court case that was heard and determined in 1946. In the case, a security was defined as an investment of money into a common enterprise that an investor expects to get a profit after a given period of time. This definition is widely referred to as Howey Test not only here in the United States but also in other parts of the world.
The Howey Test has proven to be effective in helping financial regulators to compare and contrast the characteristics of an investment to determine if should be categorized as a security. Redfearn, one of the SEC Commissioners, also stated that not all digital assets could be easily categorized as securities as each has unique characteristics and functions.
Securities and Exchange Commission will continue to use all its resources and personnel to evaluate all ICOs and clarify issues related with classification of the tokens securities. It is also expected that the commission will publish more reports and findings in a bid to empower the ever-growing digital world about the classification process.
Redfearn was also asked he considered the premier and popular cryptocurrencies such as XRP, Bitcoin, and Ethereum as securities. He however declined to give a direct answer to this question and instead opted to state that the agency would release statements on the said digital currencies in the near future.
Most of the crypto companies such as Ripple have been adamant that their currency does not qualify to be listed as securities due to its utility use. The bottom line is that, clear guidelines about the classification process and the characteristics of a security will help to improve and streamline the industry