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  • What Is an ICO?

    What Is an ICO?

    An ICO-Initial Coin Offering-is a newly used way to raise capital for all kinds of projects by selling freshly minted crypto tokens to early investors at an initial cost. In other words, ICO is a new means of crowdfunding for early-stage projects, especially tech startups, that can get funds they need without giving up equity. In addition, they can build a strong community of users who want the project meets with success, thereby leading to an increase in value of presale tokens. 

    ICO process is fundamentally similar to IPO (initial price Offering) on the stock market. Both of them are used for raising money and promoting projects. the process of crowdfunding is a kind of financial injection coming from outside in both cases. However, while participating in an ICO, you buy digital coins instead of stocks. An ICO has a great potential to be an alternative to IPO because of the advantages it offers. Some of these benefits will be briefly explained below.

    Main benefits of ICOs

    Anyone can buy tokens                                                                           

    If investors want to take part in an IPO, they are usually limited and only accredited investors can buy stock with high values. however, tokens that are offered in an initial coin offering can be sold to anyone because most purchases are anonymous. 

    Instant Buy-In

    intermediaries are removed and cryptocurrency buyers and sellers can directly contact each other. Investors are able to immediately access crypto market and buy tokens on the spur of the moment.

     Tokens Can Be Sold Globally

    One of the best opportunities of ICO is that it removes the cross-border capital raising restrictions and limitations. Tokens can be sold to different investors from different countries. 

    Steps to participate in an ICO

    • In the first step, you need to always participate from ICO website
    • Then, if you don’t have cryptocurrencies (ETH or BTC), you had better Register with a Cryptocurrency exchange
    • Afterwards, you need to transfer your Coins from the Exchange to a Blockchain Wallet you Control
    • Next, Set up your wallet
    • Then, Buy tokens from wallet
    • Finally, Secure your Tokens

    How to identify the right ICO

    Investors need to do due diligence before expending their money on a new project. So, reading news on social medias is not good enough. If you want to make sure the project is the best choice, here are some tips to pay attention to.

    • Know the team behind them. Check their expertise and prior experience
    • find disruptive concepts. identify the uniqueness offered by the project
    • learn about the target market. For example, read the business plan if possible
    • Evaluate the technology
    • Carefully read the whitepaper, pitch deck 
    • Visit the project’s website and check any information available there

    BLOCKCHAIN, SMART CONTRACTS & CRYPTOCURRENCY – BAM.Legal/ International  LawFirm in Tehran, Iran/Bita Akhavan Modarres/Bilingual lawyer & Counsel

    BERTINITY is one of the promising ICOs

    BERTINITY is a disruptive innovation, a fully anonymous and No KYC financial blockchain ecosystem. 

    Bertinity could create a game changing shift in the global financial market, turning cryptocurrencies from assets to payment tools. it is a Fast-growing financial ecosystem due to the absence of cumbersome legal restrictions. Further, no-border financial, payment and investment services make this ICO unique. A full stack service cycle is provided in this ecosystem.

    BERTINITY ecosystem includes:

    • Cryptocurrency Payment Gateway (CPG) 
    • Centralized cryptocurrency Exchange (CX) 
    • ICO Launchpad 
    • Decentralized Cryptocurrency Exchange (DEX)
    • Decentralized Worldwide Stock Market (DWSM)
    • Public Blockchain Network (Main Net) 
    • Native tokens/coins
    • Wallet (Crypto Wallet)

    And other Utilities:

    • Crypto Forex Services
    • DeFi Lending (No KYC Lending)
    • Tokenizing assets
    • NFTs
    • Escrow Service for P2P trades Smart Contract

    In BERTINITY ecosystem, you can use our crypto payment gateway on your website to provide an alternative payment method for your customers. with our centralized exchange, you can trade easily and anonymously in a safe way while with our decentralized exchange you can even launch your exchange and trade in a fully decentralized and peer-to-peer way. Decentralized Worldwide Stock Market is another platform that is provided by us to facilitate fundraising events to our customers, which makes the fundraising and investment process inclusive and accessible based on decentralized listing & delisting by blockchain consensus. 

    In short, Bertinity is moving toward balance and equity with access to modern global financial services by decentralizing and eliminating cumbersome, slowing, and restrictive governments, banks, and stock exchanges rules.

  • The Attractive World of NFTs

    The Attractive World of NFTs

    NFTs, or non-fungible tokens, have been attractive recently. These are present in all areas and industries, from music and arts to movies, posters, and foods. NFTs are attractive digital assets that sell a lot. However, many still wonder whether these assets are worth the investment and the hype surrounding them. Some believe they are not, while others claim that they will change the way people invest forever. 

    What do NFTs represent? 

    The non-fungible tokens represent objects from the real world, such as in-game items, music, videos, art, and others. People can buy and sell NFTs online, often together with cryptocurrencies. NFTs have similar encoding software like many cryptocurrencies. For more on buying and selling, you should check Buynft.com’s guide to cryptopunks, where you will find some valuable information. 

    The NFTs have been present online since 2014, but they are now attractive because of buying and selling digital artwork. Millions of dollars have been invested in NFTs in recent years, which is why more and more people are looking into them. 

    NFTs are unique and have original codes for identifying them. They are different than most other digital creations, which usually have an unlimited supply. Many NFTs are digital creations that you will find in some form somewhere, such as in sports video clips or digital versions of specific art.

    You will find many examples of famous digital artists crafting a composite of thousands of daily drawings and creating very attractive and popular NFTs. Some have sold at auction houses for millions of dollars, giving artists hope that they can do the same. 

    Everyone can see the individual images and collage of pictures on the Internet completely free. So the main question is, why would people spend millions of dollars on something they can get for free by downloading online or taking a screenshot? 

    The answer to that is because NFTs allow buyers to own an original item. Not just that, but an NFT has a built-in authentication, serving as proof of original ownership. Collectors love these because they give them bragging rights that they own something original. 

    How are NFTs different from cryptocurrencies?

    Non-fungible tokens are built using the same programming as cryptocurrencies like Ethereum, but their similarity ends here. The main difference between NFTs and cryptocurrencies is that cryptocurrencies are fungible. Cryptocurrencies are available for trading and exchanging and are also equal in value. One Bitcoin equals another Bitcoin, in the same way as one dollar is always worth another dollar. Being a fungible item means that cryptocurrencies are trusted digital currencies for making transactions on the blockchain.  NFTs are very much different. Each NFT has a digital signature making it impossible to be equaled to one another or exchanged. That is why they are non-fungible and unique in comparison to cryptocurrencies. 

    Conclusion

    These were some basic information about NFTs, their main characteristic, and how they are different from cryptocurrencies. Their popularity and value will further rise, so dive into the exciting world of NFTs and check how you can benefit from them. 

  • More Than 1.6 Million Robinhood Users Await Cryptocurrency Wallet Feature, Shiba Inu Listing

    More Than 1.6 Million Robinhood Users Await Cryptocurrency Wallet Feature, Shiba Inu Listing

    Key takeaways:

    • Robinhood COO Christine Brown appeared as a guest during Tuesday’s Crypto Goes Mainstream event and talked about the possibility of the Shiba Inu listing and upcoming crypto wallet feature
    • More than 500,000 users have signed the Change.org petition imploring Robinhood to list SHIB
    • Cryptocurrency wallet feature is reportedly coming to Robinhood users in early 2022

    Christine Brown, Robinhood’s chief operating officer (COO) was interviewed during Tuesday’s Crypto Goes Mainstream event hosted by Yahoo Finance and Decrypt, where she was asked about the possibility of Robinhood listing Shiba Inu (SHIB) and talked about the growing waitlist for the cryptocurrency wallet. 

    500,000 users sign petition requesting Robinhood to list Shiba Inu

    In addition to Brown, the event featured prominent speakers from the cryptocurrency industry and traditional finance, such as FTX CEO Sam Bankman-Fried, Solana founder Anatoly Yakovenko, and VaynerMedia CEO Gary Vaynerchuk.

    The COO of Robinhood had kind things to say about the Shiba Inu community and about the level of engagement that memecoins generate from their holders. Brown said she welcomes communities’ willingness to “let us know what they want.”

    SHIB supporters certainly don’t shy away from making their intentions clear. According to a growing list of signatures, there is a huge amount of interest for a SHIB listing on Robinhood as more than 500,000 users have already signed the Change.org petition.

    Judging by her comments, Brown made apparent that the commission-free investing app will not list SHIB in the near future. Brown stated that Robinhood is focused on assets with long-term potential and refrains from making listing decisions based on short-term gains.

    “Our strategy is different than a lot of the other players out there who are racing to list as many assets as possible right now.”

    During the 15 minutes long interview, Brown was also asked about the upcoming cryptocurrency wallet feature, which will let users transfer their digital assets to and off the exchange platform. According to Brown, the waitlist for the cryptocurrency wallet has grown to 1.6 million users. She added that the product is currently in the alpha stages of development and that the company is making sure things are done precisely and with a security-first mindset.

    The wallet rollout is slated for Q1 2022.

  • The 1inch Router v4 is rolled out

    The 1inch Router v4 is rolled out

    Thanks to the improvements, users will be able to make swaps with the 1inch Router v4 5.4% cheaper on average than the same swaps made directly on DEXes, such as Uniswap.

    The 1inch Network has rolled out version 4 of its router, which contains several major improvements.

    In version 4, separate routers have been added for Uniswap v3, Clipper and the RFQ feature of the 1inch Limit Order Protocol.

    As a result, if a user, for instance, makes a swap that involves only Uniswap v3, it will be cheaper than the same swap made directly on Uniswap or anywhere else, due to significantly lower gas costs!

    The same applies to RFQ swaps via the 1inch Limit Order Protocol and Clipper.

    For instance, a WETH/USDT swap using the RFQ feature of the 1inch Limit Order Protocol will be 23% cheaper than using another DEX aggregator, and an ETH/USDT swap almost 20% cheaper.

    On average, RFQ swaps with the 1inch Router v4 via the 1inch Limit Order Protocol will be 20.8% cheaper than the same swaps via othe DEX aggregators. Overall,  swaps with the 1inch Router v4 are on average 5.4% cheaper than the same swaps made directly on DEXes, such as Uniswap.

    Another improvement, which will have a positive impact on user experience, is support for Dai-standard permits. Now, permits – which allow users to make swaps without a separate transaction approval – will be available for swaps involving Dai and a few other tokens.

    Overall, the 1inch Router v4’s permits will support nine more tokens on Ethereum, another nine coins on Binance Smart Chain (BSC) and one token on Polygon.

    The 1inch Network constantly improves and upgrades its products and solutions. Stay tuned for more updates!

  • Reddit Could be Working on Converting Users’ Karma Points into Digital Tokens

    Reddit Could be Working on Converting Users’ Karma Points into Digital Tokens

    Key takeaways:

    • According to Twitter posts by a cryptocurrency engineer working at Reddit, the social media giant is working on converting community points into ETH-based ERC-20 digital tokens
    • If the Web 3.0 overhaul of the Karma point system materializes, more than 500 million Reddit monthly users will become cryptocurrency owners
    • Reddit’s plan of tokenizing Karma points was not yet confirmed or denied by official sources

    In what could shape up to be one of the biggest onboardings in the history of cryptocurrency, social media platform Reddit is supposedly working on transforming community points of its 500 million active monthly users into Ethereum-based digital tokens.

    Incentivizing user participation with crypto rewards

    According to Amazon’s web analytics service Alexa, Reddit ranks as the 7th most frequently visited site among the resident of the United States with more than 50 million daily active users.

    Reddit users can accumulate community points, better known as Karma points, by posting content (either posts or comments) and receiving so-called upvotes for their participation.

    While these upvotes amounted to nothing other than a growing collection of Karma points up to now, Reddit is reportedly working on implementing a Web 3.0 framework that would overhaul the current system of community points and turn them into digital tokens.

    According to the Twitter post by a crypto engineer working at Reddit, Rahul, “Your Karma points will soon be tokens.” He continued, “Everything will be permissionless, open-source, and decentralized just like crypto.” Per Rahul, the social media giant will not destroy existing Karma points that users have collected throughout the years. 

    The cryptocurrency engineer working on Reddit went on to explain the technical details of how karma points tokenization might take place:

    How will we pull this off?

    Reddit has partnered with @OffchainLabs (@arbitrum) and created our own separate instance.

    Community points for 2 subreddits (~80,000 users) are already on Rinkeby Testnet on our Arbitrum network (separate to Arbitrum One).

    As of this writing, 80,000 users from r/cryptocurrency and r/FortNiteBR have reportedly had their Karma points transferred to the testnet network deployed on OffChain Labs’ Artibtrum network.

    Reddit is home to a lively community of investors, called r/wallstreetbets, which have recently received a fair share of the mainstream spotlight due to their involvement in GameStop and AMC’s stock pump that took place earlier in the year. On the cryptocurrency side of things, several community-driven blockchain projects have received their initial boost on Reddit – the biggest memecoin Dogecoin is a prime example of the Reddit community’s outreach.

    Up until now, no official confirmation regarding Reddit’s plan to tokenize users’ Karma points has been made.

  • The Industries Putting Cryptocurrencies and Blockchain to Work

    The Industries Putting Cryptocurrencies and Blockchain to Work

    Airlines are using blockchain to ensure prompt take off and landing times

    When we think about cryptocurrency, most people immediately think about investing, but there are plenty of uses for cryptocurrency and blockchain outside of the world of investment portfolios. The whole reason that cryptocurrencies came about was as a way of taking control of banking, making it easier for the world to trade fairly, and ensuring that the security of everyone’s currency was paramount. It’s what makes it such a good investment, but it’s also what is driving it’s popularity in the world today. These are the industries that are putting to good use the benefits that cryptocurrencies and blockchain can offer.

    Air Travel Providers

    Most of us have at one point in our lives had a disastrous experience with booking a holiday and it’s often when it comes to the flight. Sometimes the price suddenly skyrockets, sometimes we enter the wrong information, sometimes the flight is hugely delayed or cancelled. The air travel industry likes this no more than we do, so many companies are employing the use of blockchain to help to fix it. It’s worth looking into the do’s and don’ts of cryptocurrency to properly understand its applications, as there are plenty of them. Suffice it to say that many airlines have spent plenty of time looking into it and are using blockchain to manage the available runway slots, making it easier to book planes in to take off and land, ensuring that operations run smoothly and that this information can’t be tampered with. Whilst this on it’s own is great news, it’s being improved upon even further. A company called SlotMachine is creating a program using blockchain that will make this information readily available to all airlines, enabling different providers to swap, take-off and landing slots with one another. This means that if a plane takes off late, it can still land at its destination, even though it’s missed its time slot. Hopefully this will spell the end of the days of sitting in a grounded plane on the runway for hours. The EU certainly seems to think so, as it is financially backing SlotMachine to make this change happen. After all, more planes in the sky means more money for the businesses.

    The Online Gaming Industry

    Another industry that is really making use of cryptocurrencies is the online gaming industry. Twitch allows users to pay with Bitcoin and Ethereum to subscribe to their favourite gamers’ livestreams. They can also trade in cryptocurrency for the platform’s own Bits, an in-platform currency that users can trade with one another. Twitch aren’t the only company to be using cryptocurrency though. There are plenty of betting sites that are allowing users to deposit not just in traditional currencies, but cryptocurrencies as well. SBO.net has compiled a list of sites, rating them all on their deposit methods and currencies accepted, as well as the site’s safety and security. Of course, casinos using bitcoin as a payment method receive a little boost to their security score, thanks to the impenetrable blockchain technology. The other reason that crypto is such a popular choice for online casinos and betting sites is that some people like to keep their hobby anonymous. It’s totally possible for customers to deposit in cryptocurrencies without ever having to reveal their identity. Being able to execute transactions in this way means that more private customers can still enjoy gaming, without having to worry about their anonymity being compromised.

    Real Estate Sector

    Blockchain technology could revolutionise the real estate sector

    Buying or selling a house is one of the most stressful things that you can do in your lifetime. A lot of it is to do with packing up boxes and getting yourself organised, but a good chunk is just how difficult it can feel to know what’s actually going on. Blockchain technology is already beginning to revolutionise how the process happens, meaning that absolutely everyone can stay informed at every stage of the process. Everything from the rightful owners of the property, to the title deeds can be stored securely online, but at the same time made available to everyone. This method of conducting house sales is still very much in its infancy, as it requires a great deal of data to be transferred. However, if this pioneering project all goes to plan, it won’t be long before selling a house is as simple as making a transaction and watching as every deed is digitally transferred into your name. The need for solicitors as middle-men will be totally removed and for those working as estate agents, look out, a good chunk of your job description may be about to be permanently altered. 

  • Blockchain and Cryptocurrency in the Travel Industry: What Are the Benefits and Perspectives?

    Blockchain and Cryptocurrency in the Travel Industry: What Are the Benefits and Perspectives?

    Studies on the world economy have established that the travel industry is the second-fastest-growing sector globally. Moreover, the travel industry has the right resources that allow it to incorporate new solutions and technologies that can keep track of the growth process. 

    Blockchain technology and cryptocurrency are able to advance and make the experience of the traveler more comfortable. Additionally, it makes employees more effective in their mandate as well as reduces high costs. How has your travel experience been? What activities do you engage in? There are sites like Guidesify, which share many excellent tips and if you visit the website to find out how to spend your time when you are traveling. In this guide, you will discover how blockchain and cryptocurrency can improve the travel industry. 

    What Is The Current Situation?

    Several third parties populate the tourism industry. As a result, the tourists, who are the end-users, end up paying massive commissions. Moreover, this long chain of intermediaries normally leads to delays, mistakes, overbooking, among other serious challenges. 

    Fortunately, travel companies started to incorporate blockchain and cryptocurrency projects to address these issues. Below are some notable areas where blockchain can be integrated into the travel industry to make it better.

    Payment Methods

    Cryptocurrency has not been accepted globally yet. Nevertheless, more companies are accepting Bitcoin and other Cryptocurrencies for payment of goods and services. This is excellent news for travelers as they no longer have to worry about currency conversion costs, ATM withdrawal fees, transaction charges, and fraud risks. 

    At the moment, there are still various hurdles to overcome before travelers can comfortably use Cryptocurrencies all over the world. But, the initial results show that it can be a success. 

    Blockchain Technology for Travel Agencies

    The travel industry usually has a long chain of intermediaries. Unfortunately, as mentioned earlier, these third parties usually cause delays that can lead to financial losses. 

    Blockchain technology can help address this challenge by closing the gaps created by different payment methods. For example, one business and consumer travel services provider revealed that it had incorporated Hyperledger Fabric so as to assure travel agencies of their commissions. 

    The travel service provider designed the blockchain in association with IBM, a travel management company, and three hotel chains. The system seeks to reduce the number of payment disputes by placing the lifecycle of a booking on the blockchain. 

    At the moment, the challenge is in managing hotel data. For instance, the traveler can adjust their booking severally, giving room for information to go missing. Supposing a traveler arrives and extends their hotel stay, that information might not make it back to the booking agency. 

    However, thanks to Blockchain technology, that data can be captured from other sources, leaving no gaps. As a result, it improves the reconciliation of hotel commissions, ensuring clients are getting the correct bills. 

    Various Services Make the Traveler’s Life Easier

    In some instances, tourists don’t have to shop with cryptocurrency. However, there are times when they need to exchange fiat money into digital currency. Therefore, some companies offer solutions for such situations. 

    For instance, the international airport serving the Netherlands’ capital city, Amsterdam, unveiled a trial project. They unveiled an ATM that enables travelers to exchange their Euros for Bitcoin or Ethereum. In addition, the ATM gave travelers an option to convert their Euros to cryptocurrency as they leave the country. 

    What Are The Perspectives?

    Travel industry experts argue that blockchain technology has a lot of potential for improving business processes. For example, it can help to develop loyalty programs and reduce transaction costs. Moreover, it can also help airlines to track bags and keep track of their supply chains. 

    Since the travel industry has many middlemen, blockchain technology will likely cause a major disruptive effect on the entire business chain. Some industry players claim that as cryptocurrency stabilizes, it would be wise for travel companies to consider using them. Luckily, even experts and industry authorities who were initially skeptical about cryptocurrency usage have changed their minds. 

    Based on comments by several industry experts, here are the issues that blockchain and cryptocurrency could help address: 

    • Overbooking – in theory, blockchain can help eradicate the issue of double bookings in the industry hence getting rid of double-spending. 
    • Fraud – the travel industry has numerous refunds and chargebacks. Therefore, the operation of merchants faces a high degree of risk of financial losses. With blockchain, once you make a payment, you cannot reverse it, reducing fraudulent cases. 
    • Identity and reputation – decentralization synonymous with crypto-economics enables billions of people who were previously disconnected from the global economy. This development will give more people the opportunity to travel since reputation-based identity systems can prove their identity. 
    • Settlement – Blockchain enables the industry players to move money faster. Moreover, it removes intermediaries and their fees, which greatly benefit the industry. 
    • Loyalty – loyalty programs are valid in travel companies. But, can you buy a ticket with points you earned from using the services of a competing company? Blockchain technology has the potential to make such mechanics a reality.  
  • You Can Now Use Coinbase Wallet as a Standalone Browser Extension

    You Can Now Use Coinbase Wallet as a Standalone Browser Extension

    On Monday, Coinbase launched its cryptocurrency wallet as a standalone browser extension. With the latest update, Coinbase Wallet users can now access their NFTs, store and transfer more than 500 supported digital assets, and trade their crypto on various decentralized exchanges from the comfort of their browser.

    Key takeaways:

    • When Coinbase first launched its wallet for desktops, users were able to access decentralized applications, but not without identity confirmation from a mobile device.
    • The new upgrade makes the desktop wallet client completely independent as users no longer have to confirm their transactions on their smartphones, while also having access to the full functionality of the Coinbase Wallet product.
    • You can install the new browser extension or upgrade your existing browser add-on by heading to the Chrome Web Store.
    • Coinbase Wallet users can now access the service from their smartphones, or desktop browsers. The extension is currently available only for browsers built on the Chromium engine that have support for Web Store extensions.
    • WalleLink users must enter their ‘recovery phase’ when logging into the Coinbase Wallet extension for the first time. You can choose to keep handling transaction confirmation from your mobile device if you are not interested in the new stand-alone functionality.
    • Coinbase shared a ‘gif’ in its blog post, which showcases the wallet onboarding process for new users. 
    A step-by-step guide showcasing how to set up Coinbase Wallet browser extension. Image source: Coinbase
  • TRON Allocates $1,111,111,111 to Incentivize Ecosystem Development

    TRON Allocates $1,111,111,111 to Incentivize Ecosystem Development

    Key takeaways:

    • The new development fund will help TRON attract developers and important DeFi protocols to boost TRON ecosystem and scale the network
    • TRON has recently launched BitTorrent Chain in an effort to bridge the TRON chain with Binance Smart Chain and Ethereum
    • TRX has garnered a significant amount of interest from financial investors, particularly due to VanEck’s TRX exchange-traded note

    TRON (TRX) has just launched more than a $1 billion ecosystem fund meant to boost the development of decentralized apps, creation of new blockchain projects and protocols in the TRON ecosystem. 

    New funds will be used to boost cross-chain interoperability and ensure TRON’s longevity

    With the announcement of the new fund and the recent unveiling of network incentives JustLend and JustSwap decentralized finance services, TRON is trying to leverage its monetary resources to create a unified decentralized ecosystem, spanning non-fungible tokens (NFTs), DeFi protocols, and TRX-powered stablecoins.

    The price of TRX has increased by 7.12% in the last 24 hours.

    One of the key reasons for the launch of the massive DeFi fund, according to TRON founder Justin Sun, is to attract developers and popular protocols to the TRON ecosystem. Justin Sun explains:

    “This fund reflects our constant efforts to innovate and stay at the bleeding edge of blockchain. As the blockchain universe expands to new horizons, cross-chain interoperability – especially in DeFi and NFTs – will play a critical role in our continued success. Accordingly, encouraging the developers who are the backbone of this decentralized movement to join us is crucial for maintaining the TRON ecosystem’s longevity and competitive edge.”

    The company has recently made great strides in building a multi-chain future. In addition to the new fund, just a few days ago TRON announced a cross-chain interoperability protocol BitTorrent Chain (BTTC), which connects TRON digital assets with Binance Smart Chain (BSC), and Ethereum, effectively scaling the network without sacrificing efficiency.

    TRON is far from the only decentralized blockchain platform to launch its ecosystem development fund this year. Before TRON, the most recent fund announcement came from Enjin, which was preceded by Algorand, Polkadot, Avalanche and several other major crypto platforms.

    Throughout the year, VanEck’s VTRX exchange-traded note (ETN) has managed to garner a considerable amount of interest from investors in traditional finance. ETN’s aggregate value is above $1 billion and is available to investors and traders from 14 European countries.