Tuesday, October 30, 2018

Cryptonity provides the most comprehensive, secure, transparent and collaborative exchange platform in the market

A cryptocurrency exchange is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies. A cryptocurrency exchange can be a market maker that typically takes the bid-ask spreads as a transaction commission for is service or, as a matching platform, simply charges fees.

What is the meaning of Cryptonity

Cryptonity is the combination of Crypto and Community. It’s simple but strong and meaningful, as their goal is to be an exchange that is respected by the Cryptocurrency Community.

How Cryptonity Look to their Customers

Cryptonity believes that in an exchange project, as for any other business, the customer is the king, and should be treated as a king. Cryptonity customers are the ones who use their tools, trust to keep their money safe, and thus help them build their reputation and credibility in the market.
So they deserve to be listened to and to be treated with care.

Cryptonity Mission

  • Cryptonity aim at providing the most comprehensive, secure, transparent and collaborative exchange platform in the market.
  • One of the key aspect of their project is security. Cryptonity want to provide to our users the most secure trading platform. To achieve that goal, Cryptonity will work with the best known security experts in the market, be audited twice a year by independent security companies, and communicate our audit results to all of their users. Their security partners will be mentioned on their website.
  • To go further in guaranteeing Cryptonity users the safest trading experience, Cryptonity will setup an insurance policy to refund their users in case of losses, due to an attack.

Will the Cryptonity develop their own Blockchain?

  • The Cryptonity Token (XNY) will run natively off the Ethereum Blockchain.
  • Cryptonity is planning to develop their own Blockchain in the near future and they will start working on it right after their Token Sale is finalised.
  • Cryptonity will keep their community updated with the progress. Community involvement will be key and a huge help for them.

Cryptonity Exchange Features

Security Tools
The following list of security features Cryptonity plans to implement on our exchange. Some of them will be available at the launch, the others will come on a regular pace, as they are being developed.
  • The email for new login with IP address mentioned can be disabled.
  • Security secret questions and anti-phishing code.
  • Two-Factor Authentication (2FA) through Google Authenticator and Authy.
  • FIDO U2F Security Key implementation on compatible devices.
  • Fingerprint unlock available for Cryptonity phone apps
  • Automatic generation of a PDF with 2FA QR Code and Reset Key to be able to print them.
Matching Engine
Cryptonity aims at providing one of the most powerful matching engine on the market.
They will support the following three types of orders:
  • Market Orders
  • Limit Orders
  • Stop-Loss Orders
Fiat Deposits and Withdrawals
Once Cryptonity negotiation with organisations to get the licence is done. Users will be able to deposit and withdraw FIAT currencies through SEPA and International SWIFT Bank Transfers, once their account is verified. This feature will be implemented as soon as possible.
Analysis and Strategy Tools
Cryptonity will implement a “Portfolio” feature that will enable its users to easily track their gains and losses for each trade, configure price alerts, and many other options to be detailed on the platform.
This will help Cryptonity users make analysis on their trades and build their strategies
Forks and Airdrops
  • Cryptonity plans to support forks but some forks/airdrops are doubtful or useless projects. They would like to let the community help them choose the right projects.
  • Cryptonity will implement an “Airdrop” feature to give their users the possibility to participate to an Airdrop, to get credited directly on his/her Cryptonity Exchange account, and to trade the coin or token directly on Cryptonity Exchange, when it will be listed.
Rewarding for Holding
  • Cryptonity aims at being one of the first exchanges to support staking rewards for their customers.
  • Cryptonity believes that this is actually the best argument they have to convince the crypto-community to use Cryptonity Exchange rather than any other exchange.
  • If a user holds Proof-of-Stake coins on Cryptonity, Cryptonity will credit his/her staking onto his/her wallet.

Finally

Building a cryptocurrency exchange is not an easy task. Building an exchange that provides a complete set of tools and features is an even more challenging ambition. At Cryptonity, they are conscious of the time, self-investment, passion and hard work a project like this demands.
But they do believe that the current exchanges, including those who have been in the market for a long time, can be improved in a lot of ways. Perfection is very hard to reach, but they strive to get close to it, as much as they can.
Author of the article:
✅Bitcointalk username: Erik_Smuel
✅Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2020517
✅My Ethereum Address: 0xA009D96EFB69bC8e328d43c4d18dd9B6d7422BC8
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Sunday, October 28, 2018

Swiss Alps Energy provides the foundation for many future-oriented applications

The blockchain community worldwide faces strong headwinds due to the very energy- intensive mining process of crypto currencies and blockchain-based business applications. At the same time, in the Swiss alps, thousands of unused structures are disintegrating due to the fact that today’s spatial planning law does not allow for residential use of these buildings.
Swiss Alps Energy AG is a distributed ledger-based energy supplier and an operator of flexible modular mining infrastructures that are intended for longterm stationary use.
The decentralized distribution of the various facilities allows SAE to offer equally decentralized hosting of individual company blockchains and enables SAE to rent out these infrastructures. Thereby, SAE preserves the aforementioned unused buildings in the Swiss alps and uses them sensibly and without interference with either building structure or the environment.

SAE Target

Out of its unique position as an experienced Swiss provider of blockchain technology and hyperledger-based business applications, Swiss Alps Mining & Energy strives to:
• promote blockchain technology and its uses to a broader public
• provide clients/third parties the decentralized infrastructure to develeop their own blockchain-based projects
• address environmental issues associated with crypto mining worldwide
• support the local economy in Swiss alpine areas and facilitate the digital transformation in these areas
• Be an electricity supplier using the distributed ledger technology.

The Mission

  • It is of utmost importance that neutral members support the network independently of trading courses. Furthermore, it is important that there are offers that can be paid purely in digital currencies in order to achieve a balance. SAE has developed a sustainable concept to meet these challenges and to address environmental issues.
  • SAE strives to contribute to the digital era and to strenghten the foundation of the groundbreaking blockchain technology. The company aims to advance the digital transformation and bring it to consumers and businesses alike. SAE develops and promotes possibilities and solutions based on distributed ledger technology and seeks to turn digital currencies into an everyday feature.

Market Problem

Over the last few months alone, the Bitcoin Energy Consumption Index has increased by 30%. If bitcoin energy consumption continues to grow at such rates – and no suitable optimization measures are taken – by 2020, bitcoin mining would exceed global electricity consumption by 21 TWh..
In 2017, average costs are estimated to have quadrupled. The mining market is a global business, whereby more than 80% of the mining is done by Chinese-owned businesses. The second largest provider is the Czech Republic with a market share of about 10%. The industry is in an «arms race» and the current crypto currency prices create incentives to add production capacity. There evidently is a need for alternative energy models for the mining of crypto currencies.

SAE Solution

Swiss Alps Energy AG (SAE) strives to promote digital transformaton and sustainability in the Swiss alps. The company is a distributed ledger based energy supplier – SAM Power Plant – and an operator of flexible modular mining infrastructures – SAM Cubes – which are intended for longterm stationary use.
Swiss Alps Energy AG aims to achieve the goal of being energy supplier, energy sales platform and neutral network node provider through its SAM Power Plant, SAM Cubes, and SAM Centers.
Swiss Alps Energy AG provides the foundation for many future-oriented applications: financial asset custody and transfer, product tracking through blockchain and IoT in logistics and transportation, electronic records in healthcare, and identity management to simplify the KYC process for any conceivable industry are just a few examples of how distributed ledger technology can be used.
• SAM Power Plants
By means of direct participation in or the purchase of green power plants such as hydropower plants, photovoltaic systems and wind power plants, SAE does not buy but produce the sustainable and cost-efficient power to operate the SAM Cubes. These power- generating units are the so-called SAM Power Plants.
SAE supports the decentralization and digitization of the energy transition through tokenization and an integrated Internet of Things (IoT) for the purchase or exchange of electricity. Hereby, SAE acts as an independent energy supplier, connecting the interested parties. SAE receives data on the electricity produced and consumed, as well as the respective energy price. This information is stored on the blockchain and therefore transparent and visible.

SAE Introduces SAM Mesh as an Independent ecosystem

  • In order to meet the highest demands in terms of performance, safety and maintenance, Swiss Alps Energy AG develops its own applications based on a derivative of Linux.
  • Every single application, be it in a SAM Cube or SAM Power Plant, initializes and automatically registers itself as a node of a large cluster. Thus, SAM Mesh represents an independent ecosystem.
  • The applications are built to be part of a large network, they are connected at all times and monitored accordingly. In the event of a hardware or software failure, the network will be informed.
  • Classic offline alerts via SMS to the local maintenance service are also integrated, if communication via SAM Mesh is temporarily not possible or restricted.
  • In addition to that, the application is set up and configured in such a way that in the event of hardware failure, it can simply be replaced by plug and play.
    The system adopts the configurations for the displayed node automatically from the - - SAM Mesh and is fully functional again within a very short time.

SAE Resources

  • Technical innovations and measures to reduce negative impacts on the environment turn small hydropower plants into affordable energy sources that provide environmentally friendly renewable electricity in a decentralized way.
  • Besides the construction of such power plants, there are currently several facilities for sale. Excess energy could be sold to competitors or to the electricity grid, whereby the focus clearly lies on selling excess power to competitors and on promoting Switzerland as a mining location.
  • The operation of subsidized small hydropower plants seems to be interesting as small hydropower plants with a total capacity of less than 1000 kW are exempted from water rates (water tax).

PaaS and IaaS Models

Platform as a Service (PaaS) or Infrastructure as a Service (IaaS) is an important service model in distributed ledger technology. SAM PaaS and SAM IaaS provide the basis for advanced technologies and applications developed on distributed ledger technology.
Swiss Alps Energy AG promotes transparent software solutions that cannot be manipulated thanks to a comprehensive infrastructure service, its own innovative power production, as well as sophisticatedconsulting. In particular, finance, transport and medical systems, as well as global identity management are affected. The SAM infrastructure already provides the basis for such disruptive technologies today.

The ICO

Swiss Alps Energy AG (SAE) will hold an Initial Coin Offering (ICO) in June 2018. The funds raised in the ICO will be used to finance the development and expansion of the mining facilities and to acquire holdings in hydropower plants. The SAM token, Sam, is an ERC20 token. It will be used as means of payment within the SAE mining and service universe and will be tradable outside the SAM platform on all relevant exchanges.

Why SAE doin an ICO?

  • Swiss Alps Energy AG strives to raise the capital necessary to set up the corporate structure with an Initial Coin Offering (ICO).
  • It is important to create an operating company that is profitable very quickly. Therefore, the development and establishment of the company’s own decentralized blockchain is financed by further company activities, and the operation of the company is financially secured.
  • Companies and individual persons are target customers for the mining capacities. They may either rent computing power or buy a cube for their ow use.
  • Customers who buy a cube can obtain the necessary power from SAE and operate the cube on SAE’s premises or deploy the cube elsewhere.
  • SAM Cubes can be shipped and installed worldwide. Target customers for the blockchain are companies and end-users..
After the initial development of SAE’s infrastructure and business activities in Switzerland, the expansion into foreign countries, especially in the area of renewable energies, is conceivable and desirable. The ability to pay by using crypto currencies and the settlement process via smart contracts is another novelty that can further help SAE to become the industry leader in the field of blockchain-based business models.

SAM Token

The SAM token needs a transactional blockchain with a powerful system of smart contracts. These smart contracts must be able to ensure that a transaction can be combined with the results of previous transactions to provide auditable and consistent results.
To date, Ethereum is the only stable system that has achieved widespread adoption and offers these abilities.
Sam tokens are minted via a token sale smart contract and can be held in any Ethereum ERC20 compatible wallet. They will be tradable outside the SAM platform, as they are ERC20 tokens with inherent value in the exchanges. The technical solution of the SAM platform consists of two main elements:
• the user facing dashboard and wallet
• the smart contracts on the Ethereum blockchain system

Finally

Swiss Alps Energy AG (SAE) strives to contribute to the digital era and to strenghten the foundation of the groundbreaking blockchain technology. The company aims to advance the digital transformation and bring it to consumers and businesses alike. SAE develops and promotes possibilities and solutions based on distributed ledger technology and seeks to turn digital currencies into an everyday feature.
Author of article:
✅Bitcointalk username: Erik_Smuel
✅Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2020517
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Swiss Alps Energy provides Decentralized Blockchain Infrastructure and Mining Facilities by Means of a Sophisticated Modular Cube System

The price and availability of electricity are important factors for mining processes. This has led to the outsourcing of mining facilities to countries with low environmental standards, where relatively cheap fossil energy sources mainly are used to produce the necessary level of electricity. The consequence is cheap and dirty energy that significantly contributes to climate change.

What is Swiss Alps Energy (SAE)

  • Swiss Alps Energy AG (SAE) is Swiss Alps Mining & Energy’s operating business.
  • Swiss Alps Energy AG is a distributed ledger-based energy supplier and an operator of flexible modular mining infrastructures that are intended for longterm stationary use.
  • Members of the team come from fields such as blockchain technology, crypto currency mining and hyperledger applications developers and specialists, as well as civil engineers, infrastructure engineers, and energy experts.
  • SAE preserves the aforementioned unused buildings in the Swiss alps and uses them sensibly and without interference with either building structure or the environment.
  • The team has successfully developed and launched several products, solutions and applications based on the blockchain technology.
  • The company is currently going through the application phase in order to become a member of a Swiss self-regulatory organization (SRO).

Why Swiss Alps Energy

  • Swiss Alps Energy AG provides decentralized blockchain infrastructure and mining facilities by means of a sophisticated modular cube system. The pre-fabricated cubes contain the mining components and are installed on-site in unused buildings in the Swiss alps. They allow for ecologically sound and highly efficient mining.
  • The decentralized distribution of the various facilities allows SAE to offer equally decentralized hosting of individual company blockchains and enables SAE to rent out these infrastructures.

The Goal

Out of its unique position as an experienced Swiss provider of blockchain technology and hyperledger-based business applications, Swiss Alps Mining & Energy strives to:
• Enhanced blockchain technology and its uses to a wider audience.
• Provide customers / third parties with decentralized infrastructure to develop their blockchain based projects.
• Address environmental issues associated with cryptographic mining worldwide.
• Support the local economy in the Swiss Alps and facilitate digital transformation in these areas.
• To be supplied with electricity using distributed Ledger technology.

The Vision

  • SAE plans to start operating crypto mining farms in the Swiss alps in 2018 – a pioneering project.
  • These farms are situated in buildings no longer used by local farmers.
  • SAE will at the same time operate small hydropower plants to produce the electricity needed for crypto mining.

SAE Mission

  • It is of utmost importance that neutral members support the network independently of trading courses. Furthermore, it is important that there are offers that can be paid purely in digital currencies in order to achieve a balance. SAE has developed a sustainable concept to meet these challenges and to address environmental issues.
  • SAE strives to contribute to the digital era and to strenghten the foundation of the groundbreaking blockchain technology. The company aims to advance the digital transformation and bring it to consumers and businesses alike. SAE develops and promotes possibilities and solutions based on distributed ledger technology and seeks to turn digital currencies into an everyday feature.

SAE Services

- SAM Power Plants
  • SAE supports the decentralization and digitization of the energy transition through tokenization and an integrated Internet of Things (IoT) for the purchase or exchange of electricity.
  • SAE acts as an independent energy supplier, connecting the interested parties.
  • SAE receives data on the electricity produced and consumed, as well as the respective energy price. This information is stored on the blockchain and therefore transparent and visible.
- SAM Cubes
  • The flexible and modular mining cubes provide cutting- edge automation and require little maintenance. In addition to highly efficient ventilation units, there is an Organic Rankine Cycle (ORC) system, which is in its project phase.
  • ORC systems use the waste heat of industrial processes (through a downstream steam power process) to generate electricity and thus use the waste heat generated by the mining process to recover energy.
  • SAM Cubes are located at high altitude, which facilitates the process of energy recovery, as altitude lowers the boiling point of water.
  • No additional air conditioning systems are needed in outside temperature of up to 30 degrees Celsius.
  • SAE’s ORC system is a distinctive feature that leads to a reduction of energy consumption of up to 50% compared to other mining facilities.
  • Swiss Alps Energy AG is the first company worldwide to use an ORC system to recover energy from waste heat from mining facilities. SAE therefore offers an effective solution to a global mining problem.
  • The cubes are self-contained and operate autonomously. For extensive maintenance and monitoring, each cube communicates with the central management platform that monitors the cubes and assigns to each cube the optimal parameter to maximize mining for maximum profit.
- SAM Smart Mining
  • SAE customers have the option to join SAM Smart Mining, also referred to as samaiX.
  • SamaiX, SAE’s proprietary artificial intelligence, continuously calculates the coins are most profitable to mine, and then makes suggestions for miners so that they can adjust their mining accordingly.
  • If a user joins SAM Smart Mining, their profile is powered by samaiX, which tracks and learns their claims in order for samaiX to be able to make appropriate optimization proposals.
  • If a user confirms the suggestion, samaiX will adjust their mining operations to the respective coins.
- SAM ORC energy recovery
  • Swiss Alps Energy AG is the first company in the world to save up to 50% of its electricity costs by using mining cubes powered exclusively by renewable energy and ORC recovery of waste heat from the mining equipment. This represents a solution for a global problem facing the industry.
  • The much lower boiling point of water at high altitudes where the cubes are positioned makes energy recovery considerably more efficient. This makes mining significantly more profitable, protects Swiss cultural heritage, and saves energy.
- SAM Centers
In each alpine area where Swiss Alps Energy AG will be operating cubes, a branch office will be installed, so-called SAM Centers.
  • This ensures that in addition to the benefits from the protection of cultural assets the local municipalities may profit from tax revenues.
  • For on-site services such as on-call duty and security, local talents will be recruited and trained for deployment.
  • The SAM Centers promote the economic viability of the respective community and may have a lasting postive impact on other sectors.
- SAM PaaS
  • Before using a specific distributed ledger technologies (DLT), a user has to evaluate whether the targeted solution is to develop a private, a public or a hybrid blockchain, and whether a mix of different frameworks should be applied.
  • SAE is aware of today’s market needs and offers a platform as a service (PaaS) that offers the corresponding freedoms to the customers. Users can assemble the desired technology stack according to their needs.
  • At first, 5 to 10 selected blockchain frameworks will be available on the SAM PaaS. Among them are frameworks that SAE has established for the KYCAML (know your customer – anti-money laundering) solution and electricity distribution on the basis of the blockchain technology. On the PaaS platform, users can establish their own DLT network for production or development within minutes.
- SAM KYC
  • SAM KYC-AML is a service of SAE that allows online service providers such as banks, the government or e-commerce shops to verify its customers in a simplified manner. This is possible without a customer having to disclose comprehensive data.
  • The customer’s identity is always saved on the central data storage of the service provider and can thus be verified based of the available data.

The SAM token

  • All services provided by SAE as well as the purchase of power and cubes will be paid in SAM tokens.
  • The SAM token can be used in different ways and guarantees the investor a high ROI through the very profitable mining alone.
  • Since the number of tokens is limited and services and electricity can be paid with Sam in a further step, the token itself is expected to significantly increase in value.
  • The ROI of the token in mining alone is expected to be over 200% over the next two years, and it can be assumed that the prices for crypto currencies in general will continue to develop strongly.
  • The SAM token can be used to rent mining infrastructure (including or excluding energy) or hardware as well as to buy SAM Cubes.
Basically, Sam serves three purposes:
  1. Lease and sale of mining hardware and SAM Cubes
  2. Securing electricity costs and selling energy to renters
  3. Setting up the Swiss alps blockchain as a service blockchain for companies, e.g. in the field of KYC solutions
    All services can be paid with the SAM Token.

Finally

Swiss Alps Energy AG (SAE) strives to promote digital transformaton and sustainability in the Swiss alps. The company is a distributed ledger based energy supplier – SAM Power Plant – and an operator of flexible modular mining infrastructures – SAM Cubes – which are intended for longterm stationary use.
Swiss Alps Energy AG aims to achieve the goal of being energy supplier, energy sales platform and neutral network node provider through its SAM Power Plant, SAM Cubes, and SAM Centers.
Swiss Alps Energy AG provides the foundation for many future-oriented applications: financial asset custody and transfer, product tracking through blockchain and IoT in logistics and transportation, electronic records in healthcare, and identity management to simplify the KYC process for any conceivable industry are just a few examples of how distributed ledger technology can be used.
Author of article:
✅Bitcointalk username: Erik_Smuel
✅Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2020517
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WULET provides opportunity to receive cashback from everyday purchases in the form of cryptocurrency

Loyalty programs give reward points to consumers for making purchases and let consumers redeem their reward points for gifts. By their very nature, reward points look like an alt-coin and quack like an alt-coin.
By offering rewards for spends consumers anyway make, loyalty programs have a strong value proposition. This has helped them become very popular.
In theory, loyalty programs drive repeat purchase of a brand by giving rewards to incent consumers to buy that brand (as against competing brands).
Traditionally, you join a loyalty program, and it works with just that store brand. You acquire points and discounts that work just with that brand.
Occasionally, there are partnership programs, like credit cards that accumulate airline miles, or cards that work with hotel points. The problem is that these points represent a liability to the brand running the program. Points can be cashed in at some point for reservations or products with value. Points also represent a limitation for users—you have to belong to a hundred loyalty programs in order to accrue any benefit.
Customer loyalty programs are not realizing their full potential due to low client retention and redemption rates, time delays, and high costs. That’s where blockchain comes in.

How Blockchain Technology Can Help?

Using a blockchain can change the equation significantly. If you put loyalty programs and points accrual on the blockchain, you can reduce liability, and make it possible to manage multiple partner brands with relative ease, essentially creating a wallet and exchange for loyalty points. Loyalty incentives can flow across brands, at the discretion of the brand owners. Points become represented by tokens usually tied to ethereum, making them have utility and value.

WULET Idea

  • WULET is a platform that will provide its users with the opportunity to receive cashback from everyday purchases in the form of cryptocurrency.
  • This platform will make possible the management and exchange of bonus points between loyalty programmes of various companies. This will allow the client to always have at hand the points they most need.

WULET Mission

  • To popularise the everyday use of cryptocurrency by creating a blockchain platform that will allow clients to monetise all available bonus programmes, and contractors – to save resources and attract new clients.
  • WULET aims to incorporate the use of cryptocurrency into everyday life and to create a single personal account to unite and conveniently manage all loyalty programmes.

WULET Vision

Every day, making a purchase at a store or having lunch at a restaurant, people receive yet another loyalty card. When certain conditions are met, the clients are supposed to receive a bonus for their use. Most people today participate in at least 15-20 loyalty programmes, even though it is very time-consuming to fulfill the conditions of each.
The WULET platform is being developed specifically to resolve these issues as following:
  • WULET team’s main goal is to maximize the convenience of loyalty programmes and business income.
  • WULET aspire to create a unified decentralized system that will incorporate the use of cryptocurrency into everyday life.
  • The idea of WULET is much broader than simply gathering all loyalty cards in one application. The project will unite all loyalty programmes within one platform, creating a unified system. WULET will help businesses cut costs on creating and implementing new programmes that are now not even yielding the results that were expected.
  • The platform will simplify the process of choosing a source of information for the client: the data on all bonuses, special offers, and discounts of partner companies will be shown in the application, saving time.
  • Thus, the clients will receive their discounts and bonuses, and business will optimize their expenses while also increasing client loyalty.

WULET Provides Its Solution

The WULET team provides a solution that will unite all loyalty programmes and allow users to exchange bonus points of various companies.
To do this, the company will create its own internal exchange, where clients will be able to purchase bonus points of any loyalty programme in exchange for WU-tokens. Every loyalty programme will have its own exchange rate of bonus points depending on their demand.
Thus, the users will be able to choose the bonus points that are more valuable to them: airline miles, retailer bonus points or additional litres of fuel. It will be possible to convert accumulated points to WU-tokens, and then exchange them for fiat money.

Why should anyone Invest in WULET?

WULET aims to incorporate the use of cryptocurrency into everyday life and to create a single personal account to unite and conveniently manage all loyalty programmes.
  • to help clients get rid of a huge number of loyalty cards by uniting all programmes into one easy-to-use application
  • to create a platform that will allow its users to receive cashback in the form of cryptocurrency
  • to unite a wide network of clients and register the highest number of contractors possible
  • to widen the range of products offered on the internal online store

Advantages of WULET

  • payment information is uploaded onto WULET using a QR-code
  • the bonuses from all networks are accumulated in your unified crypto-balance
  • you can spend your bonuses in partner marketplaces, save in the form of cryptocurrency, or sell them on an exchange
  • all discounts and promotions are located in one app, WULET, and you don’t need to go through each programme individually
  • you get benefits, and the store gets a loyal client

Finally

WULET aspires to simplify the process of launching of loyalty programmes as well as their use.
The platform will provide establishments with the opportunity to easily launch a cashback service without any complicated integration mechanisms.
The advantages of using WULET will not only include all the benefits of traditional cashback services, but also the opportunity to multiply the number of accumulated bonus points due to the growth of the token exchange rate.
Author of article:
✅Bitcointalk username: Erik_Smuel
✅Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2020517
✅My Ethereum Address: 0xA009D96EFB69bC8e328d43c4d18dd9B6d7422BC8
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Wednesday, October 10, 2018

The Main Components of The Bitex Crypto-Banking Platform

Present-day financial services mainly consist of financing, investment management & advisory, trading and insurance. When it comes to trading and financing, the current financial system lacks in efficiency and transparency. The market entry complications that are facing investors and the service fees that they are charged are quite substantial, which is why some of these investors get discouraged from actively participating in the current market. Additionally, smaller investors get overlooked in favor of bigger and wealthier investors and thus, combined with the lack of trust in the markets that increased after the 2008 crisis, the global financial market is prevented from reaching optimal efficiency.

The Blockchain Technology

The blockchain is an undeniably ingenious invention, the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto. But since then, it has evolved into something greater, and the main question every single person is asking is: What is Blockchain?
The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.
By allowing digital information to be distributed but not copied, blockchain technology created the backbone of a new type of internet.

Why Bitex Using the Ethereum blockchain

  • Blockchain-based solutions built on Ethereum, using public distributed ledgers, cryptotokens and smart contracts offer participants a means of creating value through trusted and transparent interactions on a global scale. This structure is particularly suited for the creation of a banking platform.
  • At any point in time, a DApp on the Ethereum blockchain maintains the complete state of all the accounts and the transactions these invoked since the creation of the system. Such an account-based system (as opposed to a purely transaction-based system such as Bitcoin) allows for the creation of more complex interactions where accounts (representing the end users behind them) can execute and record via smart contracts a variety of irrevocable computation steps that mimic aspects of human constructs such as legal, financial or business agreements.
  • Various straightforward financial constructs such as escrows, disbursements, etc., can be carried out on the Ethereum blockchain in a transparent and automated way directly between the participants without the need to involve entities outside the system or rely on any centralized entity.
  • This lack of intermediaries and the ability to create irrevocable code to take the place of fallible human behavior and interactions allows for much lower costs, reduced transaction times, accuracy and non-repudiation. Traditional banking has much larger costs associated with providing such functions.

The Main Components of The Bitex Crypto-Banking Platform

The following subsections describe the stakeholders/participants in the Bitex cryptobanking ecosystem and the service available to or provided by each. The two main components of the Bitex crypto-banking platform are:
  • BitexPay, the next generation payment solution for both consumers and merchants; and
  • EZBitex, the currency exchange and banking infrastructure with a decentralized, distributed and immutable ledger provided by Bitex, which underpins the functioning of the entire system.
    The function of each of these is described systematically in the following subsections from the point of view of the different stakeholders/users of the Bitex system.

What is BitexPay

BitexPay is the next generation payment solution for both consumers and merchants.

The Features of BitexPay

  • BitexPay represents the service offered by Bitex to consumers and merchants for payment of goods and services using cryptocurrencies.
  • Merchants will be able to accept payments in cryptocurrencies or fiat currencies of their choice.
  • Consumers who sign onto the BitexPay solution will be provided with ERC-223 compatible wallets that contains their cryptocurrency holdings.
  • Initially, Bitex will only support the following cryptocurrencies: BTC, ETH, and LTC and the Bitex Coin, XBX.
  • As new currencies are added to the EZBitex exchange, consumers will be informed of the availability of these via mail or social media.

What is EZBitex

EZBitex is the currency exchange and banking infrastructure with a decentralized, distributed and immutable ledger provided by Bitex, which underpins the functioning of the entire system.

The Features of EZBitex

The EZBitex platform will:
  • Offer conversions from crypto to crypto, from fiat to crypto and from fiat to fiat all in this one exchange.
  • Offer payment gateways (provided by established third parties such as Braintree or Stripe) for the purchase of cryptocurrencies using a credit card, debit card or online banking.
  • Host the various types of consumer wallets (Payment, Trading, Staking, Loan) associated with consumer accounts and provide the various services described in earlier sections.
  • Provide APIs to access the EZBitex functions to third parties that want to use EZBitex as their payment platform.
  • Provide Bitex-branded ATMs in locations where Bitex operates, to allow use of physical and virtual BitexPay cards as well as third party “Powered by Bitex” cards.
  • Offer business-to-business payments for goods and services with invoices and receipts.

Finally

The time when cryptocurrencies become first-class citizens of the digital economy is fast approaching — the question is not “if” but “when” this will happen. When that time arrives, the need to provide financial services for this emerging economy will be critical to fuel its growth. Bitex expects to be ready when that time comes by becoming the first locally embedded crypto bank.
Author of the article:
✅Bitcointalk username: Erik_Smuel
✅Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2020517
✅My Ethereum Address: 0xA009D96EFB69bC8e328d43c4d18dd9B6d7422BC8
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