cryptobank / bitcoinnewsboards

CryptoBank Gets Ahead of Bank of Russia and Creates Cryptoruble

April 26, 2018 — A few months ago the bill on regulation of the decentralized property meaning creation of own digital currency has drafted in Russia. While the Central Bank of Russian Federation progresses in realization of the idea to create a national cryptocurrency, the CryptoBank development team has made this idea a reality. The CryptoBank blockchain startup has created a Cryptoruble – a decentralized, non-volatile cryptocurrency linked to the Russian ruble.

Besides Cryptoruble, the project has also presented such cryptocurrencies as Cryptodollar, Cryptoeuro, and Cryptoyuan. Each cryptocurrency is processed in a separate blockchain and has the fixed value linked to the similar fiat currency. So, 1 Cryptoruble = 1 Russian ruble, 1 Cryptodollar = 1 US dollar, 1 Cryptoevro = 1 Euro, 1 Cryptoyuan = 1 Chinese yuan (CBD = USD, CBE = EUR, CBR = RUB, CBY = CNY). At the moment, you can buy or sell these cryptocurrencies on the cbex.co.in platform.

To be able to provide appropriate stability of the price, the project uses a method of rate support in reserve storages and diversifies funds. At the same time, CryptoBank does not need to store reserves in traditional financial institutions.

Unlike the fiat currencies that are subject to regulation by the central authorities of the country in which they issued, the CryptoBank cryptocurrency is decentralized, and therefore is not subject to geopolitical and age restrictions.

CryptoBank’s tokens have a number of advantages not only over fiat, but also such cryptocurrencies as Bitcoin, Ethereum, etc. They are convenient not only for paying for goods and services in everyday life, but also in case of need to preserve the value of the assets.

Today cryptocurrencies have considerable volatility and present themselves the speculative tool in the market. Owners of CryptoBank tokens will be able to take all blockchain technology advantages without experiencing volatility, thanks to the anti-inflationary algorithm applied in algorithms of mining CryptoBank.  It is necessary in order that participants of the market may interact in their usual environments and CryptoBank is ready to help them in this.

WandX / bitcoinnewsboards

BLOCKCHAIN-BASED ERC20 TOKEN CREATION AND TRADING PLATFORM WANDX RELEASES DECENTRALIZED EXCHANGE

WandX establishes an infrastructure for decentralized creation and trading of ERC20 Tokens built on the Ethereum blockchain. The application allows users to create combinations of ERC20 Tokens (a Basket of Tokens) and trade the Basket by way of a single transaction. The platform has recently released the first version of decentralized exchange at exchange.wandx.co., as planned and mentioned in the WandX roadmap on its website.

WANDX DECENTRALIZED EXCHANGE

The Decentralized Exchange released recently by WandX is a great enhancement to the platform’s functionality, allowing the users to trade ERC20 tokens in a completely decentralized way. Moreover, users can create Token baskets like “Decentralized Identity Tokens” or “Decentralized Exchange Tokens” and trade these themed baskets instead of trading individual Tokens through WandX’s Basket protocol.

System Requirements

The recently released application requires users to install Metamask to access the application. The Log-in capability through JSON file will be added in near future.

How to Create & Sell ERC20 Token baskets?

To do that, the users must first have the tokens in their Metamask account. They can create Themed baskets that they want to make on the platform. Then, the users will define the sell price for their baskets before listing them on the platform for sale. Buyers will quote the prices, on the basis of which the creator will decide the final price and close the deal accordingly.

How to Buy ERC20 Token basket?

To do that, users must first deposit WXETH into their smart contract. WXETH is the ERC20 Token that is equivalent to Ether. This token enables users to have a decentralized swap of Basket for Ether.

Token Buying & Selling

Users can trade their ERC20 Tokens in a decentralized way in the Trade ERC20 Token tab. In case of selling, users will first authorize the token for selling in Sell tab. Then they will deposit it in Funds tab. Once these two steps are completed, the user can place a sell order for that token. Upon finding the sell order as desired, the user can execute it to sell his tokens instead of placing an order.

In case of buying, users place a buy order but before that, they must deposit enough ETH into their smart contact to cover the buying cost plus the exchange fee. Users paying exchange fee in WAND will get a 75% discount; however, authorization of WAND is required before that, which is a one-time task.

WandX provides an easy, automated, decentralized method of creation and exchanging tokens. This would help in providing more liquidity to the contracts and the tradability of tokens. To know more about the release and its benefits and features in detail, please visit https://www.wandx.co/.

Unibright/bitcoinnewsboards

Unibright – the one in all blockchain

With the increase in developments and upgradation in technology, the introduction of blockchain and cryptocurrency is not new. We expect the world to empower and slither into virtual on screen networks rather than the real world data. Unibright is a blockchain that brings forth the first ever unified framework for blockchain based business integration. Unibright aims to use blockchain for not ONLY for the purpose of exchanging cryptocurrencies but want to bring it to the next level for business professionals.

People may wonder what really does Unibright mean by making the first ever “blockchain based business integration”. Business integration basically means the implementation and optimization of IT based business processes beyond the walls of the organization of the company. In simple terms, it means put of the box ideas. Some may see the challenge of blockchain technology changing so fast that they wouldn’t know which implementation to take. But here, after business integration, the work is done by automated Smart Contracts for different blockchains. The Unibright Contract Interface (UCI) will serve as the main platform for smart contracts in various blockchains, meaning that various xyz blockchains would be connected and used through UCI.

To be part of the blockchain infrastructure (peer to peer network), one must be a part of the blockchain, meaning interacting with a blockchain node. Unibright does not reinvent anything new here, but adapts various parts of different concepts for using them in blockchain related projects. UCI is the brain and backbone of this project. It automatically implements and recognizes smart contracts as part of the Unibright ecosystem making sure that all relevant information can be found, maintained and connected.

The token sale will distribute 150 million Unibright tokens (UBT). Unibright Token is the only way of payment for additional services and only registered contracts can be published and maintained. The token sale starts on 10th April, 2018 and will last for 4 weeks, ending on 10th May, 2018 (or when all the tokens are sold, whichever comes first). The first quarter of tokens will get a 10% bonus, the second quarter will get 5% bonus and finally the remainder gets none. The tokens will be distributed as 67% for the public token sale, 9% to the investors, 6% to the team, 6% for legal purposes and 12% as cold storage liquidity reserve.