CBOE Submits Application to The SEC Seeking Bitcoin ETF ...

MXC Exchange – One-stop Service Provider

MXC Exchange – One-stop Service Provider
Established in 2018, MXC has become a one-stop service provider. It is now able to provide users spot, margin, contract, leveraged ETF, Index Products, Contract, PoS Staking, OTC services.
It emerges as one of the fastest growing exchanges in the world. In 2019, the daily trading volume of MXC took 5% of the world’s digital market. Besides, leveraged ETF products on MXC took lion share in the world of the same kind of products based on data from CryptoRank. On top of that, It obtained regulation-compliance licenses in many countries, like U.S., Canada, Australia, etc. and is able to carry out digital asset service in these countries.
https://preview.redd.it/xmdorlqtjt951.png?width=1298&format=png&auto=webp&s=b791ee9dc47ff43cca9bf281cacbc05a61fa2632
In the aspect of OTC trading, MXC established partnership with Simplex, a European regulation-compliance payment company, and Banxa, a legal payment company in South-east Asia, allowing users to use Visa and Mastercard to buy cryptocurrencies, like BTC, ETH, etc. directly.
In the aspect of spot trading, MXC now support over 200 trading pairs. In addition to the top market cap coins and token, it has listed many high-quality DeFi projects, like COMP, MKR, SNX, KNC, LEND, REN, BNT, IDEX, SWTH, OKS, RUNE, KAVA, BAL, UMA, etc. as well as projects of Polkadot ecosystem, like KSM, EDG, PCX, RING, etc.
In the aspect of margin trading, MXC supports the largest number of margin pairs among all exchanges across the globe, with 2 – 10x leverage available. The automatic loan and repayment functions are available. With the coming of the upgraded margin system, the depth, price difference, loan efficiency and matching efficiency have greatly updated.
In the aspect of leveraged ETF, MXC, learned from traditional financial products, introduced in re-balance system, so there’s no liquidation risks in buying leveraged ETF products. Leveraged ETF tracks the changes of the underlying assets with 3x leverage. “3L” products refer to 3x long, while “3S” products 3x short. Now it 3x leverage for 29 cryptocurrencies, including BTC, BCH, BSV, DASH, ZEC, ATOM, XTZ, ALGO, etc.
In the extreme market on March 12, 2020, BTC plummeted a high of 52.36% and the ordinary 3x leverage products for BTC plunged by 157.08%. However, with the re-balance system, the BTC3L product on MXC decreased by 92.96%, lower than the ordinary 3x leverage products and protect the interest of users in some extent. Furthermore, in the following market, the BTC3L product rose by 236%, higher than the 167.41% of ordinary 3x leverage product.
The leveraged ETF once became the label of MXC, "Huobi's OTC, OKex’s contract, MXC’s ETF and Binance's spot." The popularity of leveraged ETFs has attracted many exchanges to follow suit.
In terms of index products, MXC officially launched index products under the ETF zone, including decentralized storage asset index, mainstream cryptocurrency index, DeFi asset index, public chain index, 2020 halving cryptocurrency index.
MXC index products are similar to traditional financial fund products, and each index product is composed of multiple constituent cryptocurrencies. According to the announcement, the MXC Index product will be adjusted according to the average daily turnover ratio of the previous 30 days, that is, the proportion of the component cryptocurrency will be adjusted. If the target does not meet the representativeness and investability, the index may be removed from the product.
Decentralized storage combination components are STORJ, LAMB, GNX, BLZ; mainstream currency combination, components are BTC, ETH, LTC, EOS, ETC, BCH, BSV, XRP; DeFi asset components are KNC, ZRX, KAVA, NEST; Public chain combination, the components are TRX, VET, NEO, QTUM, BTM, ONT, IOST; halving index components are BTC, ETC, BCH, BSV, ZEC, DASH.
Index products can help users not miss the bull market. Any one of the constituent cryptocurrencies increase, the user can make gains. Secondly, it can help avoid the risk of a single cryptocurrency’s plunging. In addition, it can also help save investment time and improve investment efficiency.
In terms of contract transactions, MXC upgraded the contract trading system and launched a new version of the contract in June this year. MXC contract trading currently supports free adjustment of 1-100x leverage multiples. In the isolated margin mode, users can still adjust the leverage multiples after opening a position, and support isolated margin conversion to cross margin, which can help users pursue the market with all their strength.
It supports users to place stop profit and stop loss orders at the same time, while occupying only one margin. It supports Post Only (Maker only) and IOC (Immediately or cancel all) strategies. Under Post Only (Maker only), the user will not immediately place an order on the market when placing an order, to ensure that the order is always Maker (pending order), saving handling fees. IOC function, that is, if the order cannot be fully executed, the rest will be cancelled.
For example, the BTC price index of MXC selects the bitcoin spot prices of 6 exchanges, namely: Coinbase, Bitstamp, Binance, Huobi, OKEx, Bitfinex. If the spot price of an exchange deviates from the median of all exchanges by ±3%, the spot price of the exchange is calculated according to the median of ±3%. Use reasonable prices for liquidation, which are based on index prices.
In addition, underlined proper nouns on the webpage, as long as the mouse points up, the corresponding explanation will be displayed, which is convenient for users to understand.
In terms of PoS pools, MXC supports three types of PoS: Saving, Staking and Lending. Among them, PoS saving does not need to lock assets, and holding assets can obtain income.
submitted by SimonZhu666 to MXCexchange [link] [comments]

All about Koinpro

As crypto evolves and improves, services like KoinPro, that go beyond crypto and boasts of multiple futures contracts run up with its own unique features and benefits. Bitcoin Futures, Contracts for Difference are complex instruments. Trading these financial products carries a high level of risk since leverage can work both to your advantage and disadvantage as always. These assets are precious metals, oil etc.
Gold Spot
Spot gold trading, as offered by Koinpro, is just the online buying or selling gold at the live price with no market makers or brokers in spot gold trading. Spot gold traders can buy or sell fractional amounts of gold bars, ingots or coins. The spot price, as opposed to a futures contract, of a precious metal like Gold (XAU) or Silver (XAG) is the cash price of that metal in the market at the current point in time. Precious metal trading is the act of exchanging Gold or Silver spot prices for a major currency. An example of this is the pair XAGEUR (trades Silver against the Euro), or XAUGBP (Gold against the British Pound). Key benefits of trading precious metals Widely regarded as potential safe havens Good for diversifying your investment portfolio Popular trading choices during times of volatility
The Dow Jones Index
This is a stock market index that measures the stock performance of 30 large companies listed on stock exchanges in the United States. Although it is one of the most commonly followed equity indices, many consider the Dow to be an inadequate representation of the overall U.S. stock market compared to broader market indices such as the S&P 500 Index or Russell 3000 because it only includes 30 large cap companies, is not weighted by market capitalization, and does not use a weighted arithmetic mean.
The Euro Stoxx 50 Index
This index integrates 50 stocks from 11 Eurozone countries. The index is licensed to financial institutions to serve as an underlying for a wide range of investment products such as exchange-traded funds (ETFs), futures, options and structured products.
WTI Crude Oil
(WTI) West Texas Intermediate is a grade or a mix of crude oil, and/or the spot price, the futures price, or the assessed price for that oil; colloquially WTI usually refers to the price of the New York Mercantile Exchange (NYMEX) WTI Crude Oil futures contract or the contract itself. The WTI oil grade is also known as Texas light sweet, although oil produced from any location can be considered WTI if the oil meets required qualifications.[1] Spot and futures prices of WTI are used as a benchmark in oil pricing. This grade is described as light crude oil because of its relatively low density, and sweet because of its low sulfur content.
https://koinpro.com/
https://bitcointalk.org/index.php?topic=5219842
submitted by redoc77 to Crypto_General [link] [comments]

License to Kill – Bond(s) explained

The below is the text from my latest blog post about bonds, if you want to see the original with pretty pictures, charts, graphs etc then click on this link.
Ok, the title is an obvious dad joke, but as it happens it still fits in with my naming convention for posts so happy days! On to more serious stuff.
The most common proposed asset allocation for people pursuing FIRE seems to involve having absolutely as much invested in equities (or to a lesser extent property) as possible, and reducing every other asset class to as little as possible. Which is certainly one way of doing things, and given the great performance of shares and property over the last 20 years or more there is an argument to be made for doing things this way.
It’s certainly not the only way of doing things though, and I will be trying to show why there is a case to be made for investing some money in other asset classes, in particular Fixed Income aka Bonds.
So what are bonds?
Bonds are a type of debt that is issued by governments, semi-government organisations, and corporations, so basically you’re lending them money. In Australia we also have what are called hybrid securities, but they’ve got some big enough differences that I’ll talk about them in a future post (probably).
Bonds are also one of those fun areas where there is an exception to every rule, so although what I’ve written below is broadly accurate there is always going to be some type of bond or a specific issue that breaks one of the rules.
So please don’t be an internet hero and “well ackshually” me about premium redemption/issue bonds, soft calls, hard calls, investor puts, floaters, PIK notes and all the rest of it because broadly speaking it isn’t going to make much difference for the purposes of explaining bonds. Basically play nice readers!
Talk numbers to me…
Bonds are all about math. As I’m sure regular readers of this blog can imagine this makes me very happy, and probably explains in part why I spent a large part of my career working in an area where understanding bonds was crucial, although to make things more interesting we added on a bunch of other stuff like equity options, credit derivatives, FX etc.
The main numbers to think about are the price you paid for the bond, the coupon on the bond, the yield on the bond, the time to maturity, and the maturity value of the bond. From those main numbers we also derive a bunch of other numbers I’ll talk about later.
Bonds are normally issued at a price of 100, with a fixed coupon (interest payment based on the maturity value of the bond) and a fixed maturity value at a known maturity date. So that’s 4 of the numbers covered already, happy days!
A lot of the time though you’re not going to be buying that bond when it is issued, you’ve buying it when it’s already trading in which case chances are pretty good you didn’t pay 100 for the bond. Buying it along the way doesn’t affect the coupon or the redemption amount at maturity or when it matures.
What it does affect though is the yield. There are a bunch of different yield measures but I’m going to go with yield to maturity, ie what yield (return) will you get if you hold the bond to maturity.
It’s not a perfect analogy, but one way to think about bonds is that they’re like a term deposit where the amount that you can buy it for moves around. If you buy a bond for $10,000 that is going to mature in a year and it has a 2% coupon and redeems for $10,200 (redemption price plus coupon payment), then your yield (2%) is the same as your coupon (2%).
But if interest rates have changed and so the price of the bond has changed and you buy that bond for $9,900 or $10,100, then your yield will be different from your coupon, either 3% or 1% respectively. Hopefully that makes sense? BTW I’ve rounded the numbers here to try and keep it nice and simple.
Most bonds pay interest on a semi annual basis (I used an annual payment in the example above to make things easier) so to figure out how much interest you get when it gets paid it’ll be the coupon divided by two.
Hopefully all of that makes sense, if not let me know in the comments.
Issuers of Bonds
As I said above the main issuers of bonds are governments, semi government organisations, and corporations.
Debt issued by governments is generally the safest type, because so long as they control the printing press then they can always print more money to pay you back. The Eurozone is a bit of an exception to this (understatement of the year) but in most of the other major sovereign bond markets like the US, Australian, the UK etc it’s true.
Emerging markets are a bit different because they often issue debt in USD, which means that if things go pear shaped then they can’t just print more money to pay off bondholders.
There can also be issues with getting your money back from sovereigns if they have too much debt, such as when they either don’t control the printing press (Greece) or the bond is issued in a different currency (Argentina) but for the most part if you lend money to a developed country in their own currency then you can pretty reliably count on getting your money back.
There are also bonds issued by semi government organisations like the World Bank, European Bank for Reconstruction and Development etc, these are slightly less safe for the most part but you’re still not taking on much risk of not getting your money back.
Debt issued by corporations is riskier, partly because businesses obviously can’t just print more money to pay you back, and because corporations can and do go bust. Sure it doesn’t seem likely that Telstra or Woolworths or the big banks are going to blow up any time soon, but there are plenty of other bond issuers out there with much more fragile finances.
As you would expect the more risk you are taking on the more return you want in order to be compensation for doing so. This is because unlike a term deposit the value of your capital isn’t protected. If you put $10,000 into a term deposit for a year with an interest rate of 2%, then you know that in a year’s time you will get back that $10,000 plus $200 in interest.
If for some reason the bank you invested that money through goes bust, the government will make you whole (up to the value of $250,000 per entity per approved deposit institution.
If you invest in a corporate bond and the company goes bust, well you’re probably not going to get all or maybe any of your money back. The good news is that you’re more likely to get money back than equity holders, but if the debts of the company are a lot more than the assets then you’re going to be in trouble.
There’s a clear framework for what happens if a company goes bust and who gets paid first and in how much etc, the short version of this is that equity holders are absolutely last in line but depending on what type of bonds you own you may not be a meaningful better position either.
And unlike a stock, when you own a bond you don’t own a piece of the issuer of the bond, you just own part of their devt. So if the company does great and starts making a fortune, you as a bondholder don’t get paid any more than what the terms of the bond state. Basically you can get a fair chunk of the downside and none of the upside beyond the terms of the bond. On the plus side this doesn’t happen particularly often, most of the time you’ll get what you were promised
Bond ratings
Now obviously some companies are more secure and stable than others. If you take a bond from the biggest company in the ASX200 which is CBA, then it’s more likely to fulfil the terms of the bond than whatever the 200th company is. That’s not to say the 200th company won’t, just that there is more risk. The actual degree of this risk is quantified in a couple of different ways.
First of all there are ratings agencies out there who will assign a rating from anywhere to super safe (AAA) to D (in default) with a bunch of graduations in between. Anything rated from AAA to BBB- is what is called Investment Grade (IG), everything below that is called High Yield (HY) or less politely Junk.
Just because a bond is IG doesn’t guarantee it will pay off, likewise something which is HY isn’t guaranteed or even likely to fail. For the most part though the different ratings given tend to play out that way in the real world, with far less defaults for bonds rated AAA vs bonds rated BB for example.
The big three ratings agencies are Standard & Poors (S&P), Moodys, and Fitch, and between them they’ll rate most of the bonds and/or issuers. They tend to be fairly backward looking in my opinion, and they were hugely and obviously wrong on rating mortgage backed securities back in the GFC. Still, they will generally give you a reasonable idea of the creditworthiness of the bond issuer.
Because bonds are also traded in the marketplace you can take the yield offered on a bond with a particular maturity, compare it to an equivalent government bond, and using some fun math (yeah baby!) back out a credit spread which that bond trades over treasuries (or swaps but I’m not going to get into that). The higher the spread, the higher the perceived risk of the bond, and vice versa of course.
Are bonds safe?
Well it kinda depends on what you mean by safe. If you mean are the bonds likely to deliver what the issuer of the bonds promised, then generally yes. As I said with government and semi government bonds you will almost certainly get all your coupons and the maturity value of the bonds delivered on time. Yeah, there are some exceptions to this but you’re unlikely to run into trouble with Australia, the US, the UK, the more economically sensible members of the Eurozone etc.
Similarly with corporates the vaast majority of the time you will get your money back on investment grade bonds, and it’s pretty rare to not get your money back on high yield bonds as well. That’s not to say it doesn’t happen, but it doesn’t happen much.
If you mean am I going to get back what I put into the bond, well no they’re not necessarily safe, particularly if you sell before maturity. Remember when I said bonds are kinda like term deposits that can trade? Well when they trade those prices move around, and they can move around a lot!
Why do bond prices move?
There are a bunch of reasons why bond prices move around, the main ones are changes in the interest rate environment, changes in economic conditions, and changes specific to the issuer of the bond.
We’ll talk about interest rates first. Bond prices have an inverse relationship with bond yields, which is a fancy way of saying if interest rates (yields) go down then bond prices go up.
How much do they go up? Well that depends on the magnitude of the change in rates, and a bunch of factors involving the bond. Basically the longer till maturity on the bond, and the lower the coupon on the bond, the more sensitive it will be to changes in interest rates. This is measured using modified duration and convexity.
Modified duration takes into account the timing of the cashflows of the bond (so coupons and maturity) and gives you a number which is typically a little less than that number of years to maturity, the higher the coupon the more it decreases the modified duration. If you multiply that modified duration by the change in interest rates in percentage terms, it will tell you how much the bond price will move by (in theory at least).
So if you have a modified duration of say 7.117, then for every 1 percent move in interest rates the bond price will change by 7.117 points. So if your bond price was previously 100 and rates moved down by 1%, then your bond should now be worth 107.117. Happy days! Conversely if rates moved up, well your bond is now worth 92.883. Not so happy days.
I’ve used the [ASX bond calculator](http://%20https//www.asx.com.au/asx/research/bondCalculator.do) to give a couple of examples using the current Aussie 10 year bond. You can hopefully see below that by changing the yield on the bond from 1.5% to 1% the market price has gone from 116.87 to 121.83, roughly a 4.25% change in price for a 0.5% change in rates, so presumably the modified duration on the bond is about 8.5.
To make things slightly more complex, that relationship isn’t fixed due to something called convexity. Instead of being a linear relationship, it’s actually a changing one (a curve rather than a line). Basically the more bonds prices move away from where they were issued the more that relationship will change.
Then there are things like GDP numbers, employment numbers, consumer sentiment surveys, PMI surverys, and all sorts of other economic news which will potentially move bond yields around, generally pretty slightly but it really depends on how important that economic number is and how much of a change from expectations it is.
On top of that for corporations changes in their own situations will have an effect on what their credit rating/spread is which will affect prices as well. If a company goes from being loss making to suddenly making a profit, then that’s going to be good for their credit and the bond price is likely to go up. Bad news like a profit warning will potentially mean a higher credit spread and lower price for the bond.
There is also general investor appetite for risk, so if investors are happy to take on more risk in their asset allocation (risk on) then they will likely sell off lower risk assets like bonds and buy higher risk assets like equities and to a lesser extent property. If things change and they want to go risk off, then the reverse happens and money tends to come out of equities and into bonds.
What happens to bonds if the stock market crashes or we have another GFC?
A stock market crash is actually one of the more compelling reasons to invest in bonds. This is because when stock markets crash investors tend to put their money into asset classes where they feel a lot safer ie, bonds. The rationale is that getting your money back is now hugely important, and even more important is not losing all your money as you will in those horrible equities which you knew you should never have invested in but that horrible financial adviser talked you into.
People. Are. Not. Rational. People panic. People sell assets which are going down in value even though they know they should be holding on for the long term. This applies not just to retail investors, but also to professionals who should know better.
In the GFC I spent plenty of time talking to institutional investors with a long term time horizon (ie 5 or 10 years etc) who suddenly decided they had to get out because of bad one month performance. People will bail out if the proverbial is hitting the fan. I wrote a bit about my experiences with the GFC here, and believe me there are a lot of people who are not going to be as cool calm and collected as they think they will be.
It’s very very very very (extra very for emphasis) important to note here that at this point in time investors will not be thinking that all bonds are much the same. When they are looking for somewhere to put their money that they now have after panic selling out of equities, they will park it in the safest place they can find, ie government bonds (aka treasuries). This will cause the price of those bonds to rise because of supply and demand.
If they still want to take on some amount of risk then they might put some into investment grade bonds, again this will push the price up a bit. They will almost certainly not put money into high yield bonds, because those are risky and in a crisis will behave pretty similarly to equities, ie they will fall in value. If anything they will more than likely try to pull money out of HY bonds, pushing the price down.
This excellent post really shows this in the below graph which shows the average performance of different types of bonds for a 10% or greater fall in the stock market (all of this is for the US but the same principle applies to Australia).
It doesn’t work in every case, as shown below (same source), but in almost all cases of a big crash in equities, treasury and to a lesser extent IG bonds gave you a big positive return to help out. HY, not so much and in some cases actually gave you a worse performance than equities themselves.
Please believe me when I say it is a huge help psychologically to have some of your investments going up when the others are going down, which to me at least is a great reason to have some money invested in bonds.
You’ve convinced me, how much should I have in bonds?
Ok so I’m probably being slightly optimistic here given the number of posts I see on reddit about how VDHG would be so much better if Vanguard got rid of that terrible 10% that’s invested in bonds and put it all in equities instead.
It would be nice to think though that some people are now realising that come the next crash they too might not behave entirely rationally, and it sure would be nice to own some assets that are going to zig when the stock market zags, so to speak.
On the off chance that I have actually convinced people, well it really comes down to your particular risk profile. This is going to be hard to believe for some people, but in the US the default portfolio for most investors is 60% stocks and 40% bonds.
Looking at Oz , the default balanced investment option for most super funds over here are supposed to have something like a 70:30 split between growth assets (shares and property) and defensive assets (bonds and cash) although the reality is a long long way from that if you actually look into how they invest (that’s a discussion for another time though). So that maybe provides a useful starting point.
I know that the average FIRE portfolio that gets talked about particularly from younger bloggers (who have likely never experienced a sustained down market) is pretty much 100% equities and property, maybe even leveraged up. Which is fine if you can hold on through the downturns, but not everyone can do this because it is extremely difficult to do psychologically. I wish them all the best of luck, but I am pretty sure that at least some of them will decide that it’s all too much and sell whenever we have the next crash.
There are exceptions to the rule though. One of my favourite bloggers, and someone who I know thinks deeply about this sort of stuff, is the FI Explorer who has about 15% in bonds and 15% in defensive alternatives (gold and bitcoin) as per his latest portfolio update.
Whilst I don’t like Bitcoin myself, or gold for that matter, he writes a good explanation about why he holds both here. I still don’t like either asset myself, but I recognise that I am not infallible, I could well be wrong about this, and certainly historically they have worked well as hedges.
In any case the more important point here is that there is basically a 30% allocation to what would be regarded as defensive type assets. This is actually a bit over his actual target of 25% in defensive assets, but he probably sleeps just fine at night.
I’m a little more aggressive in only having about 21% of my assets (excluding PPoR) in cash and bonds, but it’s not a huge difference. Both of us have been invested through stock market crashes and hopefully have come to realise that we are not the hyper rational investors that economists believe we are, and therefore it’s best to have a bit invested in stuff that will go up or at least hold it’s value when everything else is crashing.
How do I buy bonds?
You can buy bonds individually, but you tend to need to have a fair amount of money to do so and you can run into a lot of problems with liquidity, big bid/ask spreads etc, it’s hard to build up a diversified portfolio etc.
I buy bonds the same way I buy stocks, ie via an ETF. Most of the major ETF providers have some variety of index ETFs tracking Treasury only or Treasury plus Investment Grade bonds, or you can buy HY stuff if you want. Personally I just use one ETF which has about 75% in treasuries and the rest in IG. There are also some actively managed bond funds out there, either as ETFs or managed funds.
For the reasons I outlined above about bonds being a psychological safe harbour I personally would (and do) only invest in bonds which are likely to up in a crisis, but different strokes for different folks applies as always.
Any more questions?
I’ve only really scratched the surface here of talking about bonds, but at the same time I feel like it’s an overwhelming amount of information. If you have more questions then as always I’m happy to answer them in the comments!
Do you invest in bonds? If you enjoyed this post and would like to read more like it then please subscribe!
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Keeping a Reckoning | Monthly FIRE Portfolio Update – September 2019

We may by care and skill be able to trim our ship, to steer our course, or to keep our reckoning; but we cannot control the winds, or subdue deceitful currents, or prevent disasters.
The Sailors’ Prayer Book: A Manual of Devotion for Sailors at Sea (1852)
This is my thirty-fourth portfolio update. I complete this update monthly to check my progress against my goals.

Portfolio goals

My objectives are to reach a portfolio of:
Both of these are based on an expected average real return of 4.19 per cent, or a nominal return of 7.19 per cent, and are expressed in 2018 dollars.

Portfolio summary

Total value: $1 729 662 (+$17 325)

Asset allocation

Presented visually, below is a high-level view of the current asset allocation of the portfolio.[Chart]

Comments

This month the portfolio grew by just over $17 000 in total, following two consecutive months of small declines.[Chart]
The total equity component of the portfolio has grown, including through new contributions and another part of the June distributions being 'averaged into' equity markets. The only major reductions in the portfolio has been the result of a sharp downward movement in the price of Bitcoin.
[Chart]
Lower credit card expenditure and the gradual increase of the trailing three year average of distributions paid has helped sustain a sense of momentum this month. Together they have continued to narrow the gap between distributions paid and credit card spending to less than $500 per month.
[Chart]
The complete closure of the remaining gap is within sight. Assuming no sustained reversals in the absolute level of distributions through time, this could happen in the next 12 months.
Some added progress towards this goal should come from pending quarterly distributions from the Betashares A200 ETF and Vanguard's Australian shares ETF (VAS). These are currently being finalised. The draft distributions guidance indicates that for A200 and VAS these quarterly distribution should total around $4 700, approximately double the absolute level of the same quarterly distributions a year ago.
New investments this month have been higher than normal due to a work bonus and the staggered reinvestment of June distributions. They have been directed predominantly to Vanguard's Australian Shares ETF (VAS), with a small recent allocation to Vanguard's international shares ETF (VGS). Following the recent fee reduction in VAS, I have directed Australian purchases through to this ETF, preferring the (slightly) wider exposure it delivers through following the ASX300, compared to the Betashares A200's slightly narrower holdings.
The end of 'the big rebalance' into Australian equities
The reason for the split between Australian and international equity purchases is that this month has seen the effective end of 'the big rebalance' - that is, the gradual movement to a 60/40 split between Australian and international shares.
This was first targeted in my January 2019 review of portfolio targets and allocations. Previously my Australian and international equity allocation was largely just an unconscious and purely mechanical outcome of the splits in various Vanguard retail funds, and a number of smaller side Australian shareholdings.
The last nine months - by contrast - has seen a concentrated direction of new funds and distributions into Australian shares to achieve the targeted balance. The shift has been significant, with the value of Australian shares only overtaking international holdings in the second half of 2018. International shares have fallen from more than a third of total portfolio assets at this start of this record to closer to a quarter.
[Chart]
At the same time Australian equities now make up 42 per cent of total portfolio, and have just reached 60 per cent of the equity portfolio. All this has occurred as the total equity portfolio has grown from $630 000 at the start of this journey, to over $1.2 million this month.
[Chart]
The main vehicles for this expansion over the past two years has been Betashares A200 and Vanguard's VAS ETFs. More recently, as mentioned, I have added Vanguard's global share ETF (VGS) to allow an avenue to keep within the targeted split with future contributions.
Measuring investment income from tax returns
This month also saw completion of my tax return, including explaining my tax position to a brand new tax agent. The tax assessment from this past financial year provides an additional data point about the taxable investment income being generated by the portfolio.
The graph set out below updates the series published last year on taxable investment income. It is taken from the return items for partnerships and trusts, foreign source income and franking credits (i.e. items 13, 20 and 24 on the return, and not including capital gains) over the past nine years.
[Chart]
This shows that taxable investment income has risen only around five per cent over the past financial year. This likely reflects the decline in higher interest payments from a slow rebalance away from Ratesetter towards equities. Taxable investment income is still well short of both the original objective, and even further short of Objective #2.
[Chart]
As previously outlined, there are a range of factors that likely account for the mismatch between tax return income and received distributions. These could include timing differences, capital gains realisations, and potentially even small errors in how I have added in individual return items in past years. I have also continued to seek to avoid double counting and so understatement is also a possibility, given the formats and labelling of tax returns are not always particularly clear.

Progress

Progress against the objectives, and the additional measures I have reached is set out below.
MeasurePortfolio All Assets
Objective #1 – $1 598 000 (or $67 000 pa) 108.2% 147.5%
Objective #2 – $1 980 000 (or $83 000 pa) 87.4% 119.1%
Credit card purchases - $73 000 pa 99.3% 135.4%T
otal expenses - $89 000 pa 81.5% 111.1%

Summary

Forward progress has resumed, with the growing warmth and life of spring. The last few months has been a continual reminder that the fickle direction of market winds may play a greater role than sheer saving and investing efforts at this point in the journey. Focusing on the process, rather than the short-term outcome is therefore almost forced upon one - which perhaps is no bad thing after all. Indeed, increasingly I have wondered whether these now ingrained habits and processes will themselves be difficult to break out of, even as I definitively pass some FI benchmarks in future months and years.
The varying winds will also increasingly dictate where additional contributions are to be made. This is the automatic result of targeting an asset allocation with new contributions rather than active rebalancing through selling existing holdings. In fact, it probably constitutes one of the more difficult tests for a chosen risk allocation, as it will tend to result in buying unspectacular portfolio 'laggards', rather than assets that have recently moved up, without the consolation of taking these new funds from locked in profits elsewhere in the portfolio. This can lead to signals that are easier to follow in theory than in practice.
As an example, currently Australian government bond yields are close to historical lows, and potentially heading lower. This is highly relevant to FI planning, as there is some academic evidence that the 'four percent rule' has a higher failure rate in low bond rate environments.
There is also a strong possibility that bonds are close to the end of a forty year decline in yield - and have nowhere to go. The increasing spread of negative yielding government and corporate bonds around the world, however, also holds out equally plausible but very different possibilities, at least in the short term.
This is more than a hypothetical issue and uncertainty. Through the next 12 months it is possible that my target asset allocation will start signalling a need to buy bonds. This would involve a need to find the right investment vehicle to access this asset at least cost.
On the same topic, this month saw an excellent explainer piece from Aussie HiFIRE on bonds, and also a good discussion from Kurt at Pearler on how to put the modern portfolio theory to practical work in FI portfolio design. Youtube content on FI and portfolio issues seems to be improving all the time as well, including this short video on thinking about the role and value of dividends.All such guidance represents a way of keeping a reckoning on the unfolding horizon, its dangers and subtle deceits
.The post and full charts can be seen here.
submitted by thefiexpl to fiaustralia [link] [comments]

The Decade in Blockchain — 2010 to 2020 in Review

2010

February — The first ever cryptocurrency exchange, Bitcoin Market, is established. The first trade takes place a month later.
April — The first public bitcoin trade takes place: 1000BTC traded for $30 at an exchange rate of 0.03USD/1BTC
May — The first real-world bitcoin transaction is undertaken by Laszlo Hanyecz, who paid 10000BTC for two Papa John’s pizzas (Approximately $25 USD)
June — Bitcoin developer Gavin Andreson creates a faucet offering 5 free BTC to the public
July — First notable usage of the word “blockchain” appears on BitcoinTalk forum. Prior to this, it was referred to as ‘Proof-of-Work chain’
July — Bitcoin exchange named Magic The Gathering Online eXchange—also known as Mt. Gox—established
August —Bitcoin protocol bug leads to emergency hard fork
December — Satoshi Nakamoto ceases communication with the world

2011

January — One-quarter of the eventual total of 21M bitcoins have been generated
February — Bitcoin reaches parity for the first time with USD
April — Bitcoin reaches parity with EUR and GBP
June — WikiLeaks begins accepting Bitcoin donations
June — Mt. Gox hacked, resulting in suspension of trading and a precipitous price drop for Bitcoin
August — First Bitcoin Improvement Proposal: BIP Purpose and Guidelines
October — Litecoin released
December — Bitcoin featured as a major plot element in an episode of ‘The Good Wife’ as 9.45 million viewers watch.

2012

May — Bitcoin Magazine, founded by Mihai Alisie and Vitalik Buterin, publishes first issue
July — Government of Estonia begins incorporating blockchain into digital ID efforts
September — Bitcoin Foundation created
October — BitPay reports having over 1,000 merchants accepting bitcoin under its payment processing service
November — First Bitcoin halving to 25 BTC per block

2013

February — Reddit begins accepting bitcoins for Gold memberships
March — Cyprus government bailout levies bank accounts with over $100k. Flight to Bitcoin results in major price spike.
May —Total Bitcoin value surpasses 1 billion USD with 11M Bitcoin in circulation
May — The first cryptocurrency market rally and crash takes place. Prices rise from $13 to $220, and then drop to $70
June — First major cryptocurrency theft. 25,000 BTC is stolen from Bitcoin forum founder
July — Mastercoin becomes the first project to conduct an ICO
August — U.S. Federal Court issues opinion that Bitcoin is a currency or form of money
October — The FBI shuts down dark web marketplace Silk Road, confiscating approximately 26,000 bitcoins
November — Vitalik Buterin releases the Ethereum White Paper: “A Next-Generation Smart Contract and Decentralized Application Platform
December — The first commit to the Ethereum codebase takes place

2014

January — Vitalik Buterin announces Ethereum at the North American Bitcoin Conference in Miami
February — HMRC in the UK classifies Bitcoin as private money
March — Newsweek claims Dorian Nakamoto is Bitcoin creator. He is not
April — Gavin Wood releases the Ethereum Yellow Paper: “Ethereum: A Secure Decentralised Generalised Transaction Ledger
June — Ethereum Foundation established in Zug, Switzerland
June — US Marshals Service auctions off 30,000 Bitcoin confiscated from Silk Road. All are purchased by venture capitalist Tim Draper
July — Ethereum token launch raises 31,591 BTC ($18,439,086) over 42 days
September — TeraExchange launches first U.S. Commodity Futures Trading Commission approved Bitcoin over-the-counter swap
October — ConsenSys is founded by Joe Lubin
December — By year’s end, Paypal, Zynga, u/, Expedia, Newegg, Dell, Dish Network, and Microsoft are all accepting Bitcoin for payments

2015

January — Coinbase opens up the first U.S-based cryptocurrency exchange
February — Stripe initiates bitcoin payment integration for merchants
April — NASDAQ initiates blockchain trial
June — NYDFS releases final version of its BitLicense virtual currency regulations
July — Ethereum’s first live mainnet release—Frontier—launched.
August — Augur, the first token launch on the Ethereum network takes place
September — R3 consortium formed with nine financial institutions, increases to over 40 members within six months
October — Gemini exchange launches, founded by Tyler and Cameron Winklevoss
November — Announcement of first zero knowledge proof, ZK-Snarks
December — Linux Foundation establishes Hyperledger project

2016

January — Zcash announced
February — HyperLedger project announced by Linux Foundation with thirty founding members
March — Second Ethereum mainnet release, Homestead, is rolled out.
April — The DAO (decentralized autonomous organization) launches a 28-day crowdsale. After one month, it raises an Ether value of more than US$150M
May — Chinese Financial Blockchain Shenzhen Consortium launches with 31 members
June — The DAO is attacked with 3.6M of the 11.5M Ether in The DAO redirected to the attacker’s Ethereum account
July — The DAO attack results in a hard fork of the Ethereum Blockchain to recover funds. A minority group rejecting the hard fork continues to use the original blockchain renamed Ethereum Classic
July — Second Bitcoin halving to 12.5BTC per block mined
November — CME Launches Bitcoin Price Index

2017

January — Bitcoin price breaks US$1,000 for the first time in three years
February — Enterprise Ethereum Alliance formed with 30 founding members, over 150 members six months later
March — Multiple applications for Bitcoin ETFs rejected by the SEC
April — Bitcoin is officially recognized as currency by Japan
June — EOS begins its year-long ICO, eventually raising $4 billion
July — Parity hack exposes weaknesses in multisig wallets
August — Bitcoin Cash forks from the Bitcoin Network
October — Ethereum releases Byzantium soft fork network upgrade, part one of Metropolis
September — China bans ICOs
October — Bitcoin price surpasses $5,000 USD for the first time
November — Bitcoin price surpasses $10,000 USD for the first time
December — Ethereum Dapp Cryptokitties goes viral, pushing the Ethereum network to its limits

2018


January — Ethereum price peaks near $1400 USD
March — Google bans all ads pertaining to cryptocurrency
March — Twitter bans all ads pertaining to cryptocurrency
April — 2018 outpaces 2017 with $6.3 billion raised in token launches in the first four months of the year
April — EU government commits $300 million to developing blockchain projects
June — The U.S. Securities and Exchange Commission states that Ether is not a security.
July — Over 100,000 ERC20 tokens created
August — New York Stock Exchange owner announces Bakkt, a federally regulated digital asset exchange
October — Bitcoin’s 10th birthday
November — VC investment in blockchain tech surpasses $1 billion
December — 90% of banks in the US and Europe report exploration of blockchain tech

2019

January — Coinstar machines begin selling cryptocurrency at grocery stores across the US
February — Ethereum’s Constantinople hard fork is released, part two of Metropolis
April — Bitcoin surpasses 400 million total transactions
June — Facebook announces Libra
July — United States senate holds hearings titled ‘Examining Regulatory Frameworks for Digital Currencies and Blockchain”
August — Ethereum developer dominance reaches 4x that of any other blockchain
October — Over 80 million distinct Ethereum addresses have been created
September — Santander bank settles both sides of a $20 million bond on Ethereum
November — Over 3000 Dapps created. Of them, 2700 are built on Ethereum
submitted by blockstasy to CryptoTechnology [link] [comments]

[ICO] (CD) CEDEX 1st Ever certified blockchain diamond exchange

CEDEX is the First Certified Blockchain Based Diamond Exchange
Website | Linkedin | Facebook | Twitter | Youtube | Bitcointalk | Whitepaper | Lightpaper
Visit the website and click the telegr*m link and join too~
CEDEX.com is a global exchange that focuses on bridging the gap between the traditional diamond industry and the innovative financial markets. With its extensive industry knowledge, CEDEX wants to engineer a ground-breaking change – enabling people to liquidate and invest in diamonds like any other financial asset, in a transparent and secure way.
The CEDEX exchange enables anyone to invest in individual diamonds, shares of a high- value stone or shares in a basket of diamonds (ETF). Investors, buyers and sellers have full confidense because the diamond value is transparent, using the DEX, our machine learning algorithm and blockchain technology that rates a diamond’s asking price; liquid because it creates a two- sided market by enhancing both the supply and demand, and fungible because CEDEX creates a unique benchmark value, rate and contract for every stone.
The Technology DEX – The Intelligence Behind CEDEX
DEX, our proprietary machine-learning algorithm has been created to bring transparency and coherency to the diamond financial market. The DEX comprises three main elements: gemological composition of individual diamonds listed on CEDEX, diamond market financial indices and global inventory analysis. Diamonds are onboarded to CEDEX and classified by categories. The DEX has been designed to incorporate artificial neural network technology using all available diamond data.
Try DEX for yourself!
See how easy, open and transparent it is to invest or trade in diamonds through CEDEX. Our DEX Beta version will give you a theoretical price for your diamond and rate it by its relative market value on the spot! (for round carat stones 0.3, 0.5 and 1.0 carats. Once the DEX is fully developed it will be able to provide all type/size diamonds)
CEDEX Coin – Powering CEDEX Exchange
The CEDEX Coin is an ERC-20-compatible token traded over the public Ethereum blockchain. It will enable our participants to purchase diamonds on the CEDEX, transforming their assets into diamonds. Use of the CEDEX Coin will be driven by trading volumes generated on the CEDEX.com exchange and the demand of the diamond ecosystem. The CEDEX Coin will be listed on all major exchanges and will be transferable to other cryptocurrencies and fiat currencies.
The CEDEX Coin will be the only means of payment used on the CEDEX exchange. The CEDEX Coin amount is limited and coins offered on the sale that will not be bought will be burned.
The Team
Saar Levi | Ronen Priewer | Boaz Hillel | Yael Eckstein | Gadi Hayat | Evgeni Kif | Avner Lewnstein | Aviv Balassiano | Itay Regev | Kateryna Gordieieva | Calvin Hau | Aleksandr Rebenok
Advisory Board
Alex Norta | Asaf Lahav | Christopher Bell | Eyal Rosenblum
CEDEX COIN TOKEN OFFERING
The CEDEX Coin offering is organized and executed by the Token Sale Company. The Token sale event will last up to 40 days, starting on January 12th, 2018 (19:00 GMT) and ending either on February 26th, 2018 (at 19:00 GMT) or when the maximum cap is reached.
  • The maximum number of Tokens the Token Sale Company will issue is set at 100,000,000.
  • In the public sale offering, up to 50,000,000 Tokens will be offered for sale.
  • All of the Token supply will be created during the Token Sale and distributed once it is completed. Any Tokens offered for sale to the public and not sold will be destroyed.
  • The CEDEX Coins will be sold at a rate of 1ETH = 500 CEDEX Coins. ___
Users will be able to purchase CEDEX Coin in Ether, Bitcoin and fiat currencies according to the available rates in the market. A portion of the supply will be pre-allocated to the CEDEX founders and team members in the vesting schedule listed below. The company will hold 20%-25% of the CEDEX Coin supply for future development and marketing expansion. This holding will also be used for purchasing additional diamonds in order to expand the financial offering of the CEDEX project.
Participants in the pre-sale and sale will receive special bonus as indicated below: - Pre-sale up to 10% of total CEDEX Coin – 0.3 CEDEX Coin for each CEDEX Coin purchased. - First day of sale up to 40% of total CEDEX Coin – 0.15 CEDEX Coin for each CEDEX Coin purchased (ending at 24:00 GMT). - Further information and updates will be posted ahead of time on cedex.com.
USE OF FUNDS The net proceeds collected in the token sale will be used as follows: - Up to 20% for finalizing the development of the DEX, Diamond-Token smart contracts and the exchange as described in the milestone section in Appendix C below. - Up to 45% for marketing, business development and sales purposes. Most of the funds will be used for marketing the exchange in different jurisdictions. This will include online and offline marketing activities, signing partnership relations with various business partners and signing agreements with potential partners from the diamond industry. - Up to 20% for regulation, licenses, legal and operational purposes. - Up to 15% for working capital.
The expected breakdown may be altered based on the Token Sale outcome and project progresses.
submitted by Vindyne8 to ICOAnalysis [link] [comments]

[ICO] (CD) CEDEX 1st Ever certified blockchain diamond exchange

CEDEX is the First Certified Blockchain Based Diamond Exchange
Website | Linkedin | Facebook | Twitter | Youtube | Bitcointalk | Whitepaper | Lightpaper
Visit the website and click the telegr*m link and join too~
CEDEX.com is a global exchange that focuses on bridging the gap between the traditional diamond industry and the innovative financial markets. With its extensive industry knowledge, CEDEX wants to engineer a ground-breaking change – enabling people to liquidate and invest in diamonds like any other financial asset, in a transparent and secure way.
The CEDEX exchange enables anyone to invest in individual diamonds, shares of a high- value stone or shares in a basket of diamonds (ETF). Investors, buyers and sellers have full confidense because the diamond value is transparent, using the DEX, our machine learning algorithm and blockchain technology that rates a diamond’s asking price; liquid because it creates a two- sided market by enhancing both the supply and demand, and fungible because CEDEX creates a unique benchmark value, rate and contract for every stone.
The Technology DEX – The Intelligence Behind CEDEX
DEX, our proprietary machine-learning algorithm has been created to bring transparency and coherency to the diamond financial market. The DEX comprises three main elements: gemological composition of individual diamonds listed on CEDEX, diamond market financial indices and global inventory analysis. Diamonds are onboarded to CEDEX and classified by categories. The DEX has been designed to incorporate artificial neural network technology using all available diamond data.
Try DEX for yourself!
See how easy, open and transparent it is to invest or trade in diamonds through CEDEX. Our DEX Beta version will give you a theoretical price for your diamond and rate it by its relative market value on the spot! (for round carat stones 0.3, 0.5 and 1.0 carats. Once the DEX is fully developed it will be able to provide all type/size diamonds)
CEDEX Coin – Powering CEDEX Exchange
The CEDEX Coin is an ERC-20-compatible token traded over the public Ethereum blockchain. It will enable our participants to purchase diamonds on the CEDEX, transforming their assets into diamonds. Use of the CEDEX Coin will be driven by trading volumes generated on the CEDEX.com exchange and the demand of the diamond ecosystem. The CEDEX Coin will be listed on all major exchanges and will be transferable to other cryptocurrencies and fiat currencies.
The CEDEX Coin will be the only means of payment used on the CEDEX exchange. The CEDEX Coin amount is limited and coins offered on the sale that will not be bought will be burned.
The Team
Saar Levi | Ronen Priewer | Boaz Hillel | Yael Eckstein | Gadi Hayat | Evgeni Kif | Avner Lewnstein | Aviv Balassiano | Itay Regev | Kateryna Gordieieva | Calvin Hau | Aleksandr Rebenok
Advisory Board
Alex Norta | Asaf Lahav | Christopher Bell | Eyal Rosenblum
CEDEX COIN TOKEN OFFERING
The CEDEX Coin offering is organized and executed by the Token Sale Company. The Token sale event will last up to 40 days, starting on January 12th, 2018 (19:00 GMT) and ending either on February 26th, 2018 (at 19:00 GMT) or when the maximum cap is reached.
  • The maximum number of Tokens the Token Sale Company will issue is set at 100,000,000.
  • In the public sale offering, up to 50,000,000 Tokens will be offered for sale.
  • All of the Token supply will be created during the Token Sale and distributed once it is completed. Any Tokens offered for sale to the public and not sold will be destroyed.
  • The CEDEX Coins will be sold at a rate of 1ETH = 500 CEDEX Coins. ___
Users will be able to purchase CEDEX Coin in Ether, Bitcoin and fiat currencies according to the available rates in the market. A portion of the supply will be pre-allocated to the CEDEX founders and team members in the vesting schedule listed below. The company will hold 20%-25% of the CEDEX Coin supply for future development and marketing expansion. This holding will also be used for purchasing additional diamonds in order to expand the financial offering of the CEDEX project.
Participants in the pre-sale and sale will receive special bonus as indicated below: - Pre-sale up to 10% of total CEDEX Coin – 0.3 CEDEX Coin for each CEDEX Coin purchased. - First day of sale up to 40% of total CEDEX Coin – 0.15 CEDEX Coin for each CEDEX Coin purchased (ending at 24:00 GMT). - Further information and updates will be posted ahead of time on cedex.com.
USE OF FUNDS The net proceeds collected in the token sale will be used as follows: - Up to 20% for finalizing the development of the DEX, Diamond-Token smart contracts and the exchange as described in the milestone section in Appendix C below. - Up to 45% for marketing, business development and sales purposes. Most of the funds will be used for marketing the exchange in different jurisdictions. This will include online and offline marketing activities, signing partnership relations with various business partners and signing agreements with potential partners from the diamond industry. - Up to 20% for regulation, licenses, legal and operational purposes. - Up to 15% for working capital.
The expected breakdown may be altered based on the Token Sale outcome and project progresses.
submitted by Vindyne8 to CryptoReviews [link] [comments]

[ICO] (CD) CEDEX 1st Ever certified blockchain diamond exchange

CEDEX is the First Certified Blockchain Based Diamond Exchange
Website | Linkedin | Facebook | Twitter | Youtube | Bitcointalk | Whitepaper | Lightpaper
Visit the website and click the telegr*m link and join too~
CEDEX.com is a global exchange that focuses on bridging the gap between the traditional diamond industry and the innovative financial markets. With its extensive industry knowledge, CEDEX wants to engineer a ground-breaking change – enabling people to liquidate and invest in diamonds like any other financial asset, in a transparent and secure way.
The CEDEX exchange enables anyone to invest in individual diamonds, shares of a high- value stone or shares in a basket of diamonds (ETF). Investors, buyers and sellers have full confidense because the diamond value is transparent, using the DEX, our machine learning algorithm and blockchain technology that rates a diamond’s asking price; liquid because it creates a two- sided market by enhancing both the supply and demand, and fungible because CEDEX creates a unique benchmark value, rate and contract for every stone.
The Technology DEX – The Intelligence Behind CEDEX
DEX, our proprietary machine-learning algorithm has been created to bring transparency and coherency to the diamond financial market. The DEX comprises three main elements: gemological composition of individual diamonds listed on CEDEX, diamond market financial indices and global inventory analysis. Diamonds are onboarded to CEDEX and classified by categories. The DEX has been designed to incorporate artificial neural network technology using all available diamond data.
Try DEX for yourself!
See how easy, open and transparent it is to invest or trade in diamonds through CEDEX. Our DEX Beta version will give you a theoretical price for your diamond and rate it by its relative market value on the spot! (for round carat stones 0.3, 0.5 and 1.0 carats. Once the DEX is fully developed it will be able to provide all type/size diamonds)
CEDEX Coin – Powering CEDEX Exchange
The CEDEX Coin is an ERC-20-compatible token traded over the public Ethereum blockchain. It will enable our participants to purchase diamonds on the CEDEX, transforming their assets into diamonds. Use of the CEDEX Coin will be driven by trading volumes generated on the CEDEX.com exchange and the demand of the diamond ecosystem. The CEDEX Coin will be listed on all major exchanges and will be transferable to other cryptocurrencies and fiat currencies.
The CEDEX Coin will be the only means of payment used on the CEDEX exchange. The CEDEX Coin amount is limited and coins offered on the sale that will not be bought will be burned.
The Team
Saar Levi | Ronen Priewer | Boaz Hillel | Yael Eckstein | Gadi Hayat | Evgeni Kif | Avner Lewnstein | Aviv Balassiano | Itay Regev | Kateryna Gordieieva | Calvin Hau | Aleksandr Rebenok
Advisory Board
Alex Norta | Asaf Lahav | Christopher Bell | Eyal Rosenblum
CEDEX COIN TOKEN OFFERING
The CEDEX Coin offering is organized and executed by the Token Sale Company. The Token sale event will last up to 40 days, starting on January 12th, 2018 (19:00 GMT) and ending either on February 26th, 2018 (at 19:00 GMT) or when the maximum cap is reached.
  • The maximum number of Tokens the Token Sale Company will issue is set at 100,000,000.
  • In the public sale offering, up to 50,000,000 Tokens will be offered for sale.
  • All of the Token supply will be created during the Token Sale and distributed once it is completed. Any Tokens offered for sale to the public and not sold will be destroyed.
  • The CEDEX Coins will be sold at a rate of 1ETH = 500 CEDEX Coins. ___
Users will be able to purchase CEDEX Coin in Ether, Bitcoin and fiat currencies according to the available rates in the market. A portion of the supply will be pre-allocated to the CEDEX founders and team members in the vesting schedule listed below. The company will hold 20%-25% of the CEDEX Coin supply for future development and marketing expansion. This holding will also be used for purchasing additional diamonds in order to expand the financial offering of the CEDEX project.
Participants in the pre-sale and sale will receive special bonus as indicated below: - Pre-sale up to 10% of total CEDEX Coin – 0.3 CEDEX Coin for each CEDEX Coin purchased. - First day of sale up to 40% of total CEDEX Coin – 0.15 CEDEX Coin for each CEDEX Coin purchased (ending at 24:00 GMT). - Further information and updates will be posted ahead of time on cedex.com.
USE OF FUNDS The net proceeds collected in the token sale will be used as follows: - Up to 20% for finalizing the development of the DEX, Diamond-Token smart contracts and the exchange as described in the milestone section in Appendix C below. - Up to 45% for marketing, business development and sales purposes. Most of the funds will be used for marketing the exchange in different jurisdictions. This will include online and offline marketing activities, signing partnership relations with various business partners and signing agreements with potential partners from the diamond industry. - Up to 20% for regulation, licenses, legal and operational purposes. - Up to 15% for working capital.
The expected breakdown may be altered based on the Token Sale outcome and project progresses.
submitted by Vindyne8 to ethinvestor [link] [comments]

[ICO] (CD) CEDEX 1st Ever certified blockchain diamond exchange

CEDEX is the First Certified Blockchain Based Diamond Exchange
Website | Linkedin | Facebook | Twitter | Youtube | Bitcointalk | Whitepaper | Lightpaper
Visit the website and click the telegr*m link and join too~
CEDEX.com is a global exchange that focuses on bridging the gap between the traditional diamond industry and the innovative financial markets. With its extensive industry knowledge, CEDEX wants to engineer a ground-breaking change – enabling people to liquidate and invest in diamonds like any other financial asset, in a transparent and secure way.
The CEDEX exchange enables anyone to invest in individual diamonds, shares of a high- value stone or shares in a basket of diamonds (ETF). Investors, buyers and sellers have full confidense because the diamond value is transparent, using the DEX, our machine learning algorithm and blockchain technology that rates a diamond’s asking price; liquid because it creates a two- sided market by enhancing both the supply and demand, and fungible because CEDEX creates a unique benchmark value, rate and contract for every stone.
The Technology DEX – The Intelligence Behind CEDEX
DEX, our proprietary machine-learning algorithm has been created to bring transparency and coherency to the diamond financial market. The DEX comprises three main elements: gemological composition of individual diamonds listed on CEDEX, diamond market financial indices and global inventory analysis. Diamonds are onboarded to CEDEX and classified by categories. The DEX has been designed to incorporate artificial neural network technology using all available diamond data.
Try DEX for yourself!
See how easy, open and transparent it is to invest or trade in diamonds through CEDEX. Our DEX Beta version will give you a theoretical price for your diamond and rate it by its relative market value on the spot! (for round carat stones 0.3, 0.5 and 1.0 carats. Once the DEX is fully developed it will be able to provide all type/size diamonds)
CEDEX Coin – Powering CEDEX Exchange
The CEDEX Coin is an ERC-20-compatible token traded over the public Ethereum blockchain. It will enable our participants to purchase diamonds on the CEDEX, transforming their assets into diamonds. Use of the CEDEX Coin will be driven by trading volumes generated on the CEDEX.com exchange and the demand of the diamond ecosystem. The CEDEX Coin will be listed on all major exchanges and will be transferable to other cryptocurrencies and fiat currencies.
The CEDEX Coin will be the only means of payment used on the CEDEX exchange. The CEDEX Coin amount is limited and coins offered on the sale that will not be bought will be burned.
The Team
Saar Levi | Ronen Priewer | Boaz Hillel | Yael Eckstein | Gadi Hayat | Evgeni Kif | Avner Lewnstein | Aviv Balassiano | Itay Regev | Kateryna Gordieieva | Calvin Hau | Aleksandr Rebenok
Advisory Board
Alex Norta | Asaf Lahav | Christopher Bell | Eyal Rosenblum
CEDEX COIN TOKEN OFFERING
The CEDEX Coin offering is organized and executed by the Token Sale Company. The Token sale event will last up to 40 days, starting on January 12th, 2018 (19:00 GMT) and ending either on February 26th, 2018 (at 19:00 GMT) or when the maximum cap is reached.
  • The maximum number of Tokens the Token Sale Company will issue is set at 100,000,000.
  • In the public sale offering, up to 50,000,000 Tokens will be offered for sale.
  • All of the Token supply will be created during the Token Sale and distributed once it is completed. Any Tokens offered for sale to the public and not sold will be destroyed.
  • The CEDEX Coins will be sold at a rate of 1ETH = 500 CEDEX Coins. ___
Users will be able to purchase CEDEX Coin in Ether, Bitcoin and fiat currencies according to the available rates in the market. A portion of the supply will be pre-allocated to the CEDEX founders and team members in the vesting schedule listed below. The company will hold 20%-25% of the CEDEX Coin supply for future development and marketing expansion. This holding will also be used for purchasing additional diamonds in order to expand the financial offering of the CEDEX project.
Participants in the pre-sale and sale will receive special bonus as indicated below: - Pre-sale up to 10% of total CEDEX Coin – 0.3 CEDEX Coin for each CEDEX Coin purchased. - First day of sale up to 40% of total CEDEX Coin – 0.15 CEDEX Coin for each CEDEX Coin purchased (ending at 24:00 GMT). - Further information and updates will be posted ahead of time on cedex.com.
USE OF FUNDS The net proceeds collected in the token sale will be used as follows: - Up to 20% for finalizing the development of the DEX, Diamond-Token smart contracts and the exchange as described in the milestone section in Appendix C below. - Up to 45% for marketing, business development and sales purposes. Most of the funds will be used for marketing the exchange in different jurisdictions. This will include online and offline marketing activities, signing partnership relations with various business partners and signing agreements with potential partners from the diamond industry. - Up to 20% for regulation, licenses, legal and operational purposes. - Up to 15% for working capital.
The expected breakdown may be altered based on the Token Sale outcome and project progresses.
submitted by Vindyne8 to altcoin_news [link] [comments]

[ICO] (CD) CEDEX 1st Ever certified blockchain diamond exchange

CEDEX is the First Certified Blockchain Based Diamond Exchange
Website | Linkedin | Facebook | Twitter | Youtube | Bitcointalk | Whitepaper | Lightpaper
Visit the website and click the telegr*m link and join too~
CEDEX.com is a global exchange that focuses on bridging the gap between the traditional diamond industry and the innovative financial markets. With its extensive industry knowledge, CEDEX wants to engineer a ground-breaking change – enabling people to liquidate and invest in diamonds like any other financial asset, in a transparent and secure way.
The CEDEX exchange enables anyone to invest in individual diamonds, shares of a high- value stone or shares in a basket of diamonds (ETF). Investors, buyers and sellers have full confidense because the diamond value is transparent, using the DEX, our machine learning algorithm and blockchain technology that rates a diamond’s asking price; liquid because it creates a two- sided market by enhancing both the supply and demand, and fungible because CEDEX creates a unique benchmark value, rate and contract for every stone.
The Technology DEX – The Intelligence Behind CEDEX
DEX, our proprietary machine-learning algorithm has been created to bring transparency and coherency to the diamond financial market. The DEX comprises three main elements: gemological composition of individual diamonds listed on CEDEX, diamond market financial indices and global inventory analysis. Diamonds are onboarded to CEDEX and classified by categories. The DEX has been designed to incorporate artificial neural network technology using all available diamond data.
Try DEX for yourself!
See how easy, open and transparent it is to invest or trade in diamonds through CEDEX. Our DEX Beta version will give you a theoretical price for your diamond and rate it by its relative market value on the spot! (for round carat stones 0.3, 0.5 and 1.0 carats. Once the DEX is fully developed it will be able to provide all type/size diamonds)
CEDEX Coin – Powering CEDEX Exchange
The CEDEX Coin is an ERC-20-compatible token traded over the public Ethereum blockchain. It will enable our participants to purchase diamonds on the CEDEX, transforming their assets into diamonds. Use of the CEDEX Coin will be driven by trading volumes generated on the CEDEX.com exchange and the demand of the diamond ecosystem. The CEDEX Coin will be listed on all major exchanges and will be transferable to other cryptocurrencies and fiat currencies.
The CEDEX Coin will be the only means of payment used on the CEDEX exchange. The CEDEX Coin amount is limited and coins offered on the sale that will not be bought will be burned.
The Team
Saar Levi | Ronen Priewer | Boaz Hillel | Yael Eckstein | Gadi Hayat | Evgeni Kif | Avner Lewnstein | Aviv Balassiano | Itay Regev | Kateryna Gordieieva | Calvin Hau | Aleksandr Rebenok
Advisory Board
Alex Norta | Asaf Lahav | Christopher Bell | Eyal Rosenblum
CEDEX COIN TOKEN OFFERING
The CEDEX Coin offering is organized and executed by the Token Sale Company. The Token sale event will last up to 40 days, starting on January 12th, 2018 (19:00 GMT) and ending either on February 26th, 2018 (at 19:00 GMT) or when the maximum cap is reached.
  • The maximum number of Tokens the Token Sale Company will issue is set at 100,000,000.
  • In the public sale offering, up to 50,000,000 Tokens will be offered for sale.
  • All of the Token supply will be created during the Token Sale and distributed once it is completed. Any Tokens offered for sale to the public and not sold will be destroyed.
  • The CEDEX Coins will be sold at a rate of 1ETH = 500 CEDEX Coins. ___
Users will be able to purchase CEDEX Coin in Ether, Bitcoin and fiat currencies according to the available rates in the market. A portion of the supply will be pre-allocated to the CEDEX founders and team members in the vesting schedule listed below. The company will hold 20%-25% of the CEDEX Coin supply for future development and marketing expansion. This holding will also be used for purchasing additional diamonds in order to expand the financial offering of the CEDEX project.
Participants in the pre-sale and sale will receive special bonus as indicated below: - Pre-sale up to 10% of total CEDEX Coin – 0.3 CEDEX Coin for each CEDEX Coin purchased. - First day of sale up to 40% of total CEDEX Coin – 0.15 CEDEX Coin for each CEDEX Coin purchased (ending at 24:00 GMT). - Further information and updates will be posted ahead of time on cedex.com.
USE OF FUNDS The net proceeds collected in the token sale will be used as follows: - Up to 20% for finalizing the development of the DEX, Diamond-Token smart contracts and the exchange as described in the milestone section in Appendix C below. - Up to 45% for marketing, business development and sales purposes. Most of the funds will be used for marketing the exchange in different jurisdictions. This will include online and offline marketing activities, signing partnership relations with various business partners and signing agreements with potential partners from the diamond industry. - Up to 20% for regulation, licenses, legal and operational purposes. - Up to 15% for working capital.
The expected breakdown may be altered based on the Token Sale outcome and project progresses.
submitted by Vindyne8 to CryptoCurrencies [link] [comments]

[ICO] (CD) CEDEX 1st Ever certified blockchain diamond exchange

CEDEX is the First Certified Blockchain Based Diamond Exchange
Website | Linkedin | Facebook | Twitter | Youtube | Bitcointalk | Whitepaper | Lightpaper
Visit the website and click the telegr*m link and join too~
CEDEX.com is a global exchange that focuses on bridging the gap between the traditional diamond industry and the innovative financial markets. With its extensive industry knowledge, CEDEX wants to engineer a ground-breaking change – enabling people to liquidate and invest in diamonds like any other financial asset, in a transparent and secure way.
The CEDEX exchange enables anyone to invest in individual diamonds, shares of a high- value stone or shares in a basket of diamonds (ETF). Investors, buyers and sellers have full confidense because the diamond value is transparent, using the DEX, our machine learning algorithm and blockchain technology that rates a diamond’s asking price; liquid because it creates a two- sided market by enhancing both the supply and demand, and fungible because CEDEX creates a unique benchmark value, rate and contract for every stone.
The Technology DEX – The Intelligence Behind CEDEX
DEX, our proprietary machine-learning algorithm has been created to bring transparency and coherency to the diamond financial market. The DEX comprises three main elements: gemological composition of individual diamonds listed on CEDEX, diamond market financial indices and global inventory analysis. Diamonds are onboarded to CEDEX and classified by categories. The DEX has been designed to incorporate artificial neural network technology using all available diamond data.
Try DEX for yourself!
See how easy, open and transparent it is to invest or trade in diamonds through CEDEX. Our DEX Beta version will give you a theoretical price for your diamond and rate it by its relative market value on the spot! (for round carat stones 0.3, 0.5 and 1.0 carats. Once the DEX is fully developed it will be able to provide all type/size diamonds)
CEDEX Coin – Powering CEDEX Exchange
The CEDEX Coin is an ERC-20-compatible token traded over the public Ethereum blockchain. It will enable our participants to purchase diamonds on the CEDEX, transforming their assets into diamonds. Use of the CEDEX Coin will be driven by trading volumes generated on the CEDEX.com exchange and the demand of the diamond ecosystem. The CEDEX Coin will be listed on all major exchanges and will be transferable to other cryptocurrencies and fiat currencies.
The CEDEX Coin will be the only means of payment used on the CEDEX exchange. The CEDEX Coin amount is limited and coins offered on the sale that will not be bought will be burned.
The Team
Saar Levi | Ronen Priewer | Boaz Hillel | Yael Eckstein | Gadi Hayat | Evgeni Kif | Avner Lewnstein | Aviv Balassiano | Itay Regev | Kateryna Gordieieva | Calvin Hau | Aleksandr Rebenok
Advisory Board
Alex Norta | Asaf Lahav | Christopher Bell | Eyal Rosenblum
CEDEX COIN TOKEN OFFERING
The CEDEX Coin offering is organized and executed by the Token Sale Company. The Token sale event will last up to 40 days, starting on January 12th, 2018 (19:00 GMT) and ending either on February 26th, 2018 (at 19:00 GMT) or when the maximum cap is reached.
  • The maximum number of Tokens the Token Sale Company will issue is set at 100,000,000.
  • In the public sale offering, up to 50,000,000 Tokens will be offered for sale.
  • All of the Token supply will be created during the Token Sale and distributed once it is completed. Any Tokens offered for sale to the public and not sold will be destroyed.
  • The CEDEX Coins will be sold at a rate of 1ETH = 500 CEDEX Coins. ___
Users will be able to purchase CEDEX Coin in Ether, Bitcoin and fiat currencies according to the available rates in the market. A portion of the supply will be pre-allocated to the CEDEX founders and team members in the vesting schedule listed below. The company will hold 20%-25% of the CEDEX Coin supply for future development and marketing expansion. This holding will also be used for purchasing additional diamonds in order to expand the financial offering of the CEDEX project.
Participants in the pre-sale and sale will receive special bonus as indicated below: - Pre-sale up to 10% of total CEDEX Coin – 0.3 CEDEX Coin for each CEDEX Coin purchased. - First day of sale up to 40% of total CEDEX Coin – 0.15 CEDEX Coin for each CEDEX Coin purchased (ending at 24:00 GMT). - Further information and updates will be posted ahead of time on cedex.com.
USE OF FUNDS The net proceeds collected in the token sale will be used as follows: - Up to 20% for finalizing the development of the DEX, Diamond-Token smart contracts and the exchange as described in the milestone section in Appendix C below. - Up to 45% for marketing, business development and sales purposes. Most of the funds will be used for marketing the exchange in different jurisdictions. This will include online and offline marketing activities, signing partnership relations with various business partners and signing agreements with potential partners from the diamond industry. - Up to 20% for regulation, licenses, legal and operational purposes. - Up to 15% for working capital.
The expected breakdown may be altered based on the Token Sale outcome and project progresses.
submitted by Vindyne8 to InitialCoinOfferings [link] [comments]

[ICO] (CD) CEDEX 1st Ever certified blockchain diamond exchange

CEDEX is the First Certified Blockchain Based Diamond Exchange
Website | Linkedin | Facebook | Twitter | Youtube | Bitcointalk | Whitepaper | Lightpaper
Visit the website and click the telegr*m link and join too~
CEDEX.com is a global exchange that focuses on bridging the gap between the traditional diamond industry and the innovative financial markets. With its extensive industry knowledge, CEDEX wants to engineer a ground-breaking change – enabling people to liquidate and invest in diamonds like any other financial asset, in a transparent and secure way.
The CEDEX exchange enables anyone to invest in individual diamonds, shares of a high- value stone or shares in a basket of diamonds (ETF). Investors, buyers and sellers have full confidense because the diamond value is transparent, using the DEX, our machine learning algorithm and blockchain technology that rates a diamond’s asking price; liquid because it creates a two- sided market by enhancing both the supply and demand, and fungible because CEDEX creates a unique benchmark value, rate and contract for every stone.
The Technology DEX – The Intelligence Behind CEDEX
DEX, our proprietary machine-learning algorithm has been created to bring transparency and coherency to the diamond financial market. The DEX comprises three main elements: gemological composition of individual diamonds listed on CEDEX, diamond market financial indices and global inventory analysis. Diamonds are onboarded to CEDEX and classified by categories. The DEX has been designed to incorporate artificial neural network technology using all available diamond data.
Try DEX for yourself!
See how easy, open and transparent it is to invest or trade in diamonds through CEDEX. Our DEX Beta version will give you a theoretical price for your diamond and rate it by its relative market value on the spot! (for round carat stones 0.3, 0.5 and 1.0 carats. Once the DEX is fully developed it will be able to provide all type/size diamonds)
CEDEX Coin – Powering CEDEX Exchange
The CEDEX Coin is an ERC-20-compatible token traded over the public Ethereum blockchain. It will enable our participants to purchase diamonds on the CEDEX, transforming their assets into diamonds. Use of the CEDEX Coin will be driven by trading volumes generated on the CEDEX.com exchange and the demand of the diamond ecosystem. The CEDEX Coin will be listed on all major exchanges and will be transferable to other cryptocurrencies and fiat currencies.
The CEDEX Coin will be the only means of payment used on the CEDEX exchange. The CEDEX Coin amount is limited and coins offered on the sale that will not be bought will be burned.
The Team
Saar Levi | Ronen Priewer | Boaz Hillel | Yael Eckstein | Gadi Hayat | Evgeni Kif | Avner Lewnstein | Aviv Balassiano | Itay Regev | Kateryna Gordieieva | Calvin Hau | Aleksandr Rebenok
Advisory Board
Alex Norta | Asaf Lahav | Christopher Bell | Eyal Rosenblum
CEDEX COIN TOKEN OFFERING
The CEDEX Coin offering is organized and executed by the Token Sale Company. The Token sale event will last up to 40 days, starting on January 12th, 2018 (19:00 GMT) and ending either on February 26th, 2018 (at 19:00 GMT) or when the maximum cap is reached.
  • The maximum number of Tokens the Token Sale Company will issue is set at 100,000,000.
  • In the public sale offering, up to 50,000,000 Tokens will be offered for sale.
  • All of the Token supply will be created during the Token Sale and distributed once it is completed. Any Tokens offered for sale to the public and not sold will be destroyed.
  • The CEDEX Coins will be sold at a rate of 1ETH = 500 CEDEX Coins. ___
Users will be able to purchase CEDEX Coin in Ether, Bitcoin and fiat currencies according to the available rates in the market. A portion of the supply will be pre-allocated to the CEDEX founders and team members in the vesting schedule listed below. The company will hold 20%-25% of the CEDEX Coin supply for future development and marketing expansion. This holding will also be used for purchasing additional diamonds in order to expand the financial offering of the CEDEX project.
Participants in the pre-sale and sale will receive special bonus as indicated below: - Pre-sale up to 10% of total CEDEX Coin – 0.3 CEDEX Coin for each CEDEX Coin purchased. - First day of sale up to 40% of total CEDEX Coin – 0.15 CEDEX Coin for each CEDEX Coin purchased (ending at 24:00 GMT). - Further information and updates will be posted ahead of time on cedex.com.
USE OF FUNDS The net proceeds collected in the token sale will be used as follows: - Up to 20% for finalizing the development of the DEX, Diamond-Token smart contracts and the exchange as described in the milestone section in Appendix C below. - Up to 45% for marketing, business development and sales purposes. Most of the funds will be used for marketing the exchange in different jurisdictions. This will include online and offline marketing activities, signing partnership relations with various business partners and signing agreements with potential partners from the diamond industry. - Up to 20% for regulation, licenses, legal and operational purposes. - Up to 15% for working capital.
The expected breakdown may be altered based on the Token Sale outcome and project progresses.
submitted by Vindyne8 to icocrypto [link] [comments]

[ICO] (CD) CEDEX 1st Ever certified blockchain diamond exchange

CEDEX is the First Certified Blockchain Based Diamond Exchange
Website | Linkedin | Facebook | Twitter | Youtube | Bitcointalk | Whitepaper | Lightpaper
Visit the website and click the telegr*m link and join too~
CEDEX.com is a global exchange that focuses on bridging the gap between the traditional diamond industry and the innovative financial markets. With its extensive industry knowledge, CEDEX wants to engineer a ground-breaking change – enabling people to liquidate and invest in diamonds like any other financial asset, in a transparent and secure way.
The CEDEX exchange enables anyone to invest in individual diamonds, shares of a high- value stone or shares in a basket of diamonds (ETF). Investors, buyers and sellers have full confidense because the diamond value is transparent, using the DEX, our machine learning algorithm and blockchain technology that rates a diamond’s asking price; liquid because it creates a two- sided market by enhancing both the supply and demand, and fungible because CEDEX creates a unique benchmark value, rate and contract for every stone.
The Technology DEX – The Intelligence Behind CEDEX
DEX, our proprietary machine-learning algorithm has been created to bring transparency and coherency to the diamond financial market. The DEX comprises three main elements: gemological composition of individual diamonds listed on CEDEX, diamond market financial indices and global inventory analysis. Diamonds are onboarded to CEDEX and classified by categories. The DEX has been designed to incorporate artificial neural network technology using all available diamond data.
Try DEX for yourself!
See how easy, open and transparent it is to invest or trade in diamonds through CEDEX. Our DEX Beta version will give you a theoretical price for your diamond and rate it by its relative market value on the spot! (for round carat stones 0.3, 0.5 and 1.0 carats. Once the DEX is fully developed it will be able to provide all type/size diamonds)
CEDEX Coin – Powering CEDEX Exchange
The CEDEX Coin is an ERC-20-compatible token traded over the public Ethereum blockchain. It will enable our participants to purchase diamonds on the CEDEX, transforming their assets into diamonds. Use of the CEDEX Coin will be driven by trading volumes generated on the CEDEX.com exchange and the demand of the diamond ecosystem. The CEDEX Coin will be listed on all major exchanges and will be transferable to other cryptocurrencies and fiat currencies.
The CEDEX Coin will be the only means of payment used on the CEDEX exchange. The CEDEX Coin amount is limited and coins offered on the sale that will not be bought will be burned.
The Team
Saar Levi | Ronen Priewer | Boaz Hillel | Yael Eckstein | Gadi Hayat | Evgeni Kif | Avner Lewnstein | Aviv Balassiano | Itay Regev | Kateryna Gordieieva | Calvin Hau | Aleksandr Rebenok
Advisory Board
Alex Norta | Asaf Lahav | Christopher Bell | Eyal Rosenblum
CEDEX COIN TOKEN OFFERING
The CEDEX Coin offering is organized and executed by the Token Sale Company. The Token sale event will last up to 40 days, starting on January 12th, 2018 (19:00 GMT) and ending either on February 26th, 2018 (at 19:00 GMT) or when the maximum cap is reached.
  • The maximum number of Tokens the Token Sale Company will issue is set at 100,000,000.
  • In the public sale offering, up to 50,000,000 Tokens will be offered for sale.
  • All of the Token supply will be created during the Token Sale and distributed once it is completed. Any Tokens offered for sale to the public and not sold will be destroyed.
  • The CEDEX Coins will be sold at a rate of 1ETH = 500 CEDEX Coins. ___
Users will be able to purchase CEDEX Coin in Ether, Bitcoin and fiat currencies according to the available rates in the market. A portion of the supply will be pre-allocated to the CEDEX founders and team members in the vesting schedule listed below. The company will hold 20%-25% of the CEDEX Coin supply for future development and marketing expansion. This holding will also be used for purchasing additional diamonds in order to expand the financial offering of the CEDEX project.
Participants in the pre-sale and sale will receive special bonus as indicated below: - Pre-sale up to 10% of total CEDEX Coin – 0.3 CEDEX Coin for each CEDEX Coin purchased. - First day of sale up to 40% of total CEDEX Coin – 0.15 CEDEX Coin for each CEDEX Coin purchased (ending at 24:00 GMT). - Further information and updates will be posted ahead of time on cedex.com.
USE OF FUNDS The net proceeds collected in the token sale will be used as follows: - Up to 20% for finalizing the development of the DEX, Diamond-Token smart contracts and the exchange as described in the milestone section in Appendix C below. - Up to 45% for marketing, business development and sales purposes. Most of the funds will be used for marketing the exchange in different jurisdictions. This will include online and offline marketing activities, signing partnership relations with various business partners and signing agreements with potential partners from the diamond industry. - Up to 20% for regulation, licenses, legal and operational purposes. - Up to 15% for working capital.
The expected breakdown may be altered based on the Token Sale outcome and project progresses.
submitted by Vindyne8 to altcoin [link] [comments]

[ICO] (CD) CEDEX 1st Ever certified blockchain diamond exchange

CEDEX is the First Certified Blockchain Based Diamond Exchange
Website | Linkedin | Facebook | Twitter | Youtube | Bitcointalk | Whitepaper | Lightpaper
Visit the website and click the telegr*m link and join too~
CEDEX.com is a global exchange that focuses on bridging the gap between the traditional diamond industry and the innovative financial markets. With its extensive industry knowledge, CEDEX wants to engineer a ground-breaking change – enabling people to liquidate and invest in diamonds like any other financial asset, in a transparent and secure way.
The CEDEX exchange enables anyone to invest in individual diamonds, shares of a high- value stone or shares in a basket of diamonds (ETF). Investors, buyers and sellers have full confidense because the diamond value is transparent, using the DEX, our machine learning algorithm and blockchain technology that rates a diamond’s asking price; liquid because it creates a two- sided market by enhancing both the supply and demand, and fungible because CEDEX creates a unique benchmark value, rate and contract for every stone.
The Technology DEX – The Intelligence Behind CEDEX
DEX, our proprietary machine-learning algorithm has been created to bring transparency and coherency to the diamond financial market. The DEX comprises three main elements: gemological composition of individual diamonds listed on CEDEX, diamond market financial indices and global inventory analysis. Diamonds are onboarded to CEDEX and classified by categories. The DEX has been designed to incorporate artificial neural network technology using all available diamond data.
Try DEX for yourself!
See how easy, open and transparent it is to invest or trade in diamonds through CEDEX. Our DEX Beta version will give you a theoretical price for your diamond and rate it by its relative market value on the spot! (for round carat stones 0.3, 0.5 and 1.0 carats. Once the DEX is fully developed it will be able to provide all type/size diamonds)
CEDEX Coin – Powering CEDEX Exchange
The CEDEX Coin is an ERC-20-compatible token traded over the public Ethereum blockchain. It will enable our participants to purchase diamonds on the CEDEX, transforming their assets into diamonds. Use of the CEDEX Coin will be driven by trading volumes generated on the CEDEX.com exchange and the demand of the diamond ecosystem. The CEDEX Coin will be listed on all major exchanges and will be transferable to other cryptocurrencies and fiat currencies.
The CEDEX Coin will be the only means of payment used on the CEDEX exchange. The CEDEX Coin amount is limited and coins offered on the sale that will not be bought will be burned.
The Team
Saar Levi | Ronen Priewer | Boaz Hillel | Yael Eckstein | Gadi Hayat | Evgeni Kif | Avner Lewnstein | Aviv Balassiano | Itay Regev | Kateryna Gordieieva | Calvin Hau | Aleksandr Rebenok
Advisory Board
Alex Norta | Asaf Lahav | Christopher Bell | Eyal Rosenblum
CEDEX COIN TOKEN OFFERING
The CEDEX Coin offering is organized and executed by the Token Sale Company. The Token sale event will last up to 40 days, starting on January 12th, 2018 (19:00 GMT) and ending either on February 26th, 2018 (at 19:00 GMT) or when the maximum cap is reached.
  • The maximum number of Tokens the Token Sale Company will issue is set at 100,000,000.
  • In the public sale offering, up to 50,000,000 Tokens will be offered for sale.
  • All of the Token supply will be created during the Token Sale and distributed once it is completed. Any Tokens offered for sale to the public and not sold will be destroyed.
  • The CEDEX Coins will be sold at a rate of 1ETH = 500 CEDEX Coins. ___
Users will be able to purchase CEDEX Coin in Ether, Bitcoin and fiat currencies according to the available rates in the market. A portion of the supply will be pre-allocated to the CEDEX founders and team members in the vesting schedule listed below. The company will hold 20%-25% of the CEDEX Coin supply for future development and marketing expansion. This holding will also be used for purchasing additional diamonds in order to expand the financial offering of the CEDEX project.
Participants in the pre-sale and sale will receive special bonus as indicated below: - Pre-sale up to 10% of total CEDEX Coin – 0.3 CEDEX Coin for each CEDEX Coin purchased. - First day of sale up to 40% of total CEDEX Coin – 0.15 CEDEX Coin for each CEDEX Coin purchased (ending at 24:00 GMT). - Further information and updates will be posted ahead of time on cedex.com.
USE OF FUNDS The net proceeds collected in the token sale will be used as follows: - Up to 20% for finalizing the development of the DEX, Diamond-Token smart contracts and the exchange as described in the milestone section in Appendix C below. - Up to 45% for marketing, business development and sales purposes. Most of the funds will be used for marketing the exchange in different jurisdictions. This will include online and offline marketing activities, signing partnership relations with various business partners and signing agreements with potential partners from the diamond industry. - Up to 20% for regulation, licenses, legal and operational purposes. - Up to 15% for working capital.
The expected breakdown may be altered based on the Token Sale outcome and project progresses.
submitted by Vindyne8 to BitcoinAll [link] [comments]

[ICO] (CD) CEDEX 1st Ever certified blockchain diamond exchange

CEDEX is the First Certified Blockchain Based Diamond Exchange
Website | Linkedin | Facebook | Twitter | Youtube | Bitcointalk | Whitepaper | Lightpaper
Visit the website and click the telegr*m link and join too~
CEDEX.com is a global exchange that focuses on bridging the gap between the traditional diamond industry and the innovative financial markets. With its extensive industry knowledge, CEDEX wants to engineer a ground-breaking change – enabling people to liquidate and invest in diamonds like any other financial asset, in a transparent and secure way.
The CEDEX exchange enables anyone to invest in individual diamonds, shares of a high- value stone or shares in a basket of diamonds (ETF). Investors, buyers and sellers have full confidense because the diamond value is transparent, using the DEX, our machine learning algorithm and blockchain technology that rates a diamond’s asking price; liquid because it creates a two- sided market by enhancing both the supply and demand, and fungible because CEDEX creates a unique benchmark value, rate and contract for every stone.
The Technology DEX – The Intelligence Behind CEDEX
DEX, our proprietary machine-learning algorithm has been created to bring transparency and coherency to the diamond financial market. The DEX comprises three main elements: gemological composition of individual diamonds listed on CEDEX, diamond market financial indices and global inventory analysis. Diamonds are onboarded to CEDEX and classified by categories. The DEX has been designed to incorporate artificial neural network technology using all available diamond data.
Try DEX for yourself!
See how easy, open and transparent it is to invest or trade in diamonds through CEDEX. Our DEX Beta version will give you a theoretical price for your diamond and rate it by its relative market value on the spot! (for round carat stones 0.3, 0.5 and 1.0 carats. Once the DEX is fully developed it will be able to provide all type/size diamonds)
CEDEX Coin – Powering CEDEX Exchange
The CEDEX Coin is an ERC-20-compatible token traded over the public Ethereum blockchain. It will enable our participants to purchase diamonds on the CEDEX, transforming their assets into diamonds. Use of the CEDEX Coin will be driven by trading volumes generated on the CEDEX.com exchange and the demand of the diamond ecosystem. The CEDEX Coin will be listed on all major exchanges and will be transferable to other cryptocurrencies and fiat currencies.
The CEDEX Coin will be the only means of payment used on the CEDEX exchange. The CEDEX Coin amount is limited and coins offered on the sale that will not be bought will be burned.
The Team
Saar Levi | Ronen Priewer | Boaz Hillel | Yael Eckstein | Gadi Hayat | Evgeni Kif | Avner Lewnstein | Aviv Balassiano | Itay Regev | Kateryna Gordieieva | Calvin Hau | Aleksandr Rebenok
Advisory Board
Alex Norta | Asaf Lahav | Christopher Bell | Eyal Rosenblum
CEDEX COIN TOKEN OFFERING
The CEDEX Coin offering is organized and executed by the Token Sale Company. The Token sale event will last up to 40 days, starting on January 12th, 2018 (19:00 GMT) and ending either on February 26th, 2018 (at 19:00 GMT) or when the maximum cap is reached.
  • The maximum number of Tokens the Token Sale Company will issue is set at 100,000,000.
  • In the public sale offering, up to 50,000,000 Tokens will be offered for sale.
  • All of the Token supply will be created during the Token Sale and distributed once it is completed. Any Tokens offered for sale to the public and not sold will be destroyed.
  • The CEDEX Coins will be sold at a rate of 1ETH = 500 CEDEX Coins. ___
Users will be able to purchase CEDEX Coin in Ether, Bitcoin and fiat currencies according to the available rates in the market. A portion of the supply will be pre-allocated to the CEDEX founders and team members in the vesting schedule listed below. The company will hold 20%-25% of the CEDEX Coin supply for future development and marketing expansion. This holding will also be used for purchasing additional diamonds in order to expand the financial offering of the CEDEX project.
Participants in the pre-sale and sale will receive special bonus as indicated below: - Pre-sale up to 10% of total CEDEX Coin – 0.3 CEDEX Coin for each CEDEX Coin purchased. - First day of sale up to 40% of total CEDEX Coin – 0.15 CEDEX Coin for each CEDEX Coin purchased (ending at 24:00 GMT). - Further information and updates will be posted ahead of time on cedex.com.
USE OF FUNDS The net proceeds collected in the token sale will be used as follows: - Up to 20% for finalizing the development of the DEX, Diamond-Token smart contracts and the exchange as described in the milestone section in Appendix C below. - Up to 45% for marketing, business development and sales purposes. Most of the funds will be used for marketing the exchange in different jurisdictions. This will include online and offline marketing activities, signing partnership relations with various business partners and signing agreements with potential partners from the diamond industry. - Up to 20% for regulation, licenses, legal and operational purposes. - Up to 15% for working capital.
The expected breakdown may be altered based on the Token Sale outcome and project progresses.
submitted by Vindyne8 to Crypto_General [link] [comments]

[ICO] (CD) CEDEX 1st Ever certified blockchain diamond exchange

CEDEX is the First Certified Blockchain Based Diamond Exchange
Website | Linkedin | Facebook | Twitter | Youtube | Bitcointalk | Whitepaper | Lightpaper
Visit the website and click the telegr*m link and join too~
CEDEX.com is a global exchange that focuses on bridging the gap between the traditional diamond industry and the innovative financial markets. With its extensive industry knowledge, CEDEX wants to engineer a ground-breaking change – enabling people to liquidate and invest in diamonds like any other financial asset, in a transparent and secure way.
The CEDEX exchange enables anyone to invest in individual diamonds, shares of a high- value stone or shares in a basket of diamonds (ETF). Investors, buyers and sellers have full confidense because the diamond value is transparent, using the DEX, our machine learning algorithm and blockchain technology that rates a diamond’s asking price; liquid because it creates a two- sided market by enhancing both the supply and demand, and fungible because CEDEX creates a unique benchmark value, rate and contract for every stone.
The Technology DEX – The Intelligence Behind CEDEX
DEX, our proprietary machine-learning algorithm has been created to bring transparency and coherency to the diamond financial market. The DEX comprises three main elements: gemological composition of individual diamonds listed on CEDEX, diamond market financial indices and global inventory analysis. Diamonds are onboarded to CEDEX and classified by categories. The DEX has been designed to incorporate artificial neural network technology using all available diamond data.
Try DEX for yourself!
See how easy, open and transparent it is to invest or trade in diamonds through CEDEX. Our DEX Beta version will give you a theoretical price for your diamond and rate it by its relative market value on the spot! (for round carat stones 0.3, 0.5 and 1.0 carats. Once the DEX is fully developed it will be able to provide all type/size diamonds)
CEDEX Coin – Powering CEDEX Exchange
The CEDEX Coin is an ERC-20-compatible token traded over the public Ethereum blockchain. It will enable our participants to purchase diamonds on the CEDEX, transforming their assets into diamonds. Use of the CEDEX Coin will be driven by trading volumes generated on the CEDEX.com exchange and the demand of the diamond ecosystem. The CEDEX Coin will be listed on all major exchanges and will be transferable to other cryptocurrencies and fiat currencies.
The CEDEX Coin will be the only means of payment used on the CEDEX exchange. The CEDEX Coin amount is limited and coins offered on the sale that will not be bought will be burned.
The Team
Saar Levi | Ronen Priewer | Boaz Hillel | Yael Eckstein | Gadi Hayat | Evgeni Kif | Avner Lewnstein | Aviv Balassiano | Itay Regev | Kateryna Gordieieva | Calvin Hau | Aleksandr Rebenok
Advisory Board
Alex Norta | Asaf Lahav | Christopher Bell | Eyal Rosenblum
CEDEX COIN TOKEN OFFERING
The CEDEX Coin offering is organized and executed by the Token Sale Company. The Token sale event will last up to 40 days, starting on January 12th, 2018 (19:00 GMT) and ending either on February 26th, 2018 (at 19:00 GMT) or when the maximum cap is reached.
  • The maximum number of Tokens the Token Sale Company will issue is set at 100,000,000.
  • In the public sale offering, up to 50,000,000 Tokens will be offered for sale.
  • All of the Token supply will be created during the Token Sale and distributed once it is completed. Any Tokens offered for sale to the public and not sold will be destroyed.
  • The CEDEX Coins will be sold at a rate of 1ETH = 500 CEDEX Coins. ___
Users will be able to purchase CEDEX Coin in Ether, Bitcoin and fiat currencies according to the available rates in the market. A portion of the supply will be pre-allocated to the CEDEX founders and team members in the vesting schedule listed below. The company will hold 20%-25% of the CEDEX Coin supply for future development and marketing expansion. This holding will also be used for purchasing additional diamonds in order to expand the financial offering of the CEDEX project.
Participants in the pre-sale and sale will receive special bonus as indicated below: - Pre-sale up to 10% of total CEDEX Coin – 0.3 CEDEX Coin for each CEDEX Coin purchased. - First day of sale up to 40% of total CEDEX Coin – 0.15 CEDEX Coin for each CEDEX Coin purchased (ending at 24:00 GMT). - Further information and updates will be posted ahead of time on cedex.com.
USE OF FUNDS The net proceeds collected in the token sale will be used as follows: - Up to 20% for finalizing the development of the DEX, Diamond-Token smart contracts and the exchange as described in the milestone section in Appendix C below. - Up to 45% for marketing, business development and sales purposes. Most of the funds will be used for marketing the exchange in different jurisdictions. This will include online and offline marketing activities, signing partnership relations with various business partners and signing agreements with potential partners from the diamond industry. - Up to 20% for regulation, licenses, legal and operational purposes. - Up to 15% for working capital.
The expected breakdown may be altered based on the Token Sale outcome and project progresses.
submitted by Vindyne8 to ethtrader [link] [comments]

[ICO] (CD) CEDEX 1st Ever certified blockchain diamond exchange

CEDEX is the First Certified Blockchain Based Diamond Exchange
Website | Linkedin | Facebook | Twitter | Youtube | Bitcointalk | Whitepaper | Lightpaper
Visit the website and click the telegr*m link and join too~
CEDEX.com is a global exchange that focuses on bridging the gap between the traditional diamond industry and the innovative financial markets. With its extensive industry knowledge, CEDEX wants to engineer a ground-breaking change – enabling people to liquidate and invest in diamonds like any other financial asset, in a transparent and secure way.
The CEDEX exchange enables anyone to invest in individual diamonds, shares of a high- value stone or shares in a basket of diamonds (ETF). Investors, buyers and sellers have full confidense because the diamond value is transparent, using the DEX, our machine learning algorithm and blockchain technology that rates a diamond’s asking price; liquid because it creates a two- sided market by enhancing both the supply and demand, and fungible because CEDEX creates a unique benchmark value, rate and contract for every stone.
The Technology DEX – The Intelligence Behind CEDEX
DEX, our proprietary machine-learning algorithm has been created to bring transparency and coherency to the diamond financial market. The DEX comprises three main elements: gemological composition of individual diamonds listed on CEDEX, diamond market financial indices and global inventory analysis. Diamonds are onboarded to CEDEX and classified by categories. The DEX has been designed to incorporate artificial neural network technology using all available diamond data.
Try DEX for yourself!
See how easy, open and transparent it is to invest or trade in diamonds through CEDEX. Our DEX Beta version will give you a theoretical price for your diamond and rate it by its relative market value on the spot! (for round carat stones 0.3, 0.5 and 1.0 carats. Once the DEX is fully developed it will be able to provide all type/size diamonds)
CEDEX Coin – Powering CEDEX Exchange
The CEDEX Coin is an ERC-20-compatible token traded over the public Ethereum blockchain. It will enable our participants to purchase diamonds on the CEDEX, transforming their assets into diamonds. Use of the CEDEX Coin will be driven by trading volumes generated on the CEDEX.com exchange and the demand of the diamond ecosystem. The CEDEX Coin will be listed on all major exchanges and will be transferable to other cryptocurrencies and fiat currencies.
The CEDEX Coin will be the only means of payment used on the CEDEX exchange. The CEDEX Coin amount is limited and coins offered on the sale that will not be bought will be burned.
The Team
Saar Levi | Ronen Priewer | Boaz Hillel | Yael Eckstein | Gadi Hayat | Evgeni Kif | Avner Lewnstein | Aviv Balassiano | Itay Regev | Kateryna Gordieieva | Calvin Hau | Aleksandr Rebenok
Advisory Board
Alex Norta | Asaf Lahav | Christopher Bell | Eyal Rosenblum
CEDEX COIN TOKEN OFFERING
The CEDEX Coin offering is organized and executed by the Token Sale Company. The Token sale event will last up to 40 days, starting on January 12th, 2018 (19:00 GMT) and ending either on February 26th, 2018 (at 19:00 GMT) or when the maximum cap is reached.
  • The maximum number of Tokens the Token Sale Company will issue is set at 100,000,000.
  • In the public sale offering, up to 50,000,000 Tokens will be offered for sale.
  • All of the Token supply will be created during the Token Sale and distributed once it is completed. Any Tokens offered for sale to the public and not sold will be destroyed.
  • The CEDEX Coins will be sold at a rate of 1ETH = 500 CEDEX Coins. ___
Users will be able to purchase CEDEX Coin in Ether, Bitcoin and fiat currencies according to the available rates in the market. A portion of the supply will be pre-allocated to the CEDEX founders and team members in the vesting schedule listed below. The company will hold 20%-25% of the CEDEX Coin supply for future development and marketing expansion. This holding will also be used for purchasing additional diamonds in order to expand the financial offering of the CEDEX project.
Participants in the pre-sale and sale will receive special bonus as indicated below: - Pre-sale up to 10% of total CEDEX Coin – 0.3 CEDEX Coin for each CEDEX Coin purchased. - First day of sale up to 40% of total CEDEX Coin – 0.15 CEDEX Coin for each CEDEX Coin purchased (ending at 24:00 GMT). - Further information and updates will be posted ahead of time on cedex.com.
USE OF FUNDS The net proceeds collected in the token sale will be used as follows: - Up to 20% for finalizing the development of the DEX, Diamond-Token smart contracts and the exchange as described in the milestone section in Appendix C below. - Up to 45% for marketing, business development and sales purposes. Most of the funds will be used for marketing the exchange in different jurisdictions. This will include online and offline marketing activities, signing partnership relations with various business partners and signing agreements with potential partners from the diamond industry. - Up to 20% for regulation, licenses, legal and operational purposes. - Up to 15% for working capital.
The expected breakdown may be altered based on the Token Sale outcome and project progresses.
submitted by Vindyne8 to BitcoinAll [link] [comments]

[ICO] (CD) CEDEX 1st Ever certified blockchain diamond exchange

CEDEX is the First Certified Blockchain Based Diamond Exchange
Website | Linkedin | Facebook | Twitter | Youtube | Bitcointalk | Whitepaper | Lightpaper
Visit the website and click the telegr*m link and join too~
CEDEX.com is a global exchange that focuses on bridging the gap between the traditional diamond industry and the innovative financial markets. With its extensive industry knowledge, CEDEX wants to engineer a ground-breaking change – enabling people to liquidate and invest in diamonds like any other financial asset, in a transparent and secure way.
The CEDEX exchange enables anyone to invest in individual diamonds, shares of a high- value stone or shares in a basket of diamonds (ETF). Investors, buyers and sellers have full confidense because the diamond value is transparent, using the DEX, our machine learning algorithm and blockchain technology that rates a diamond’s asking price; liquid because it creates a two- sided market by enhancing both the supply and demand, and fungible because CEDEX creates a unique benchmark value, rate and contract for every stone.
The Technology DEX – The Intelligence Behind CEDEX
DEX, our proprietary machine-learning algorithm has been created to bring transparency and coherency to the diamond financial market. The DEX comprises three main elements: gemological composition of individual diamonds listed on CEDEX, diamond market financial indices and global inventory analysis. Diamonds are onboarded to CEDEX and classified by categories. The DEX has been designed to incorporate artificial neural network technology using all available diamond data.
Try DEX for yourself!
See how easy, open and transparent it is to invest or trade in diamonds through CEDEX. Our DEX Beta version will give you a theoretical price for your diamond and rate it by its relative market value on the spot! (for round carat stones 0.3, 0.5 and 1.0 carats. Once the DEX is fully developed it will be able to provide all type/size diamonds)
CEDEX Coin – Powering CEDEX Exchange
The CEDEX Coin is an ERC-20-compatible token traded over the public Ethereum blockchain. It will enable our participants to purchase diamonds on the CEDEX, transforming their assets into diamonds. Use of the CEDEX Coin will be driven by trading volumes generated on the CEDEX.com exchange and the demand of the diamond ecosystem. The CEDEX Coin will be listed on all major exchanges and will be transferable to other cryptocurrencies and fiat currencies.
The CEDEX Coin will be the only means of payment used on the CEDEX exchange. The CEDEX Coin amount is limited and coins offered on the sale that will not be bought will be burned.
The Team
Saar Levi | Ronen Priewer | Boaz Hillel | Yael Eckstein | Gadi Hayat | Evgeni Kif | Avner Lewnstein | Aviv Balassiano | Itay Regev | Kateryna Gordieieva | Calvin Hau | Aleksandr Rebenok
Advisory Board
Alex Norta | Asaf Lahav | Christopher Bell | Eyal Rosenblum
CEDEX COIN TOKEN OFFERING
The CEDEX Coin offering is organized and executed by the Token Sale Company. The Token sale event will last up to 40 days, starting on January 12th, 2018 (19:00 GMT) and ending either on February 26th, 2018 (at 19:00 GMT) or when the maximum cap is reached.
  • The maximum number of Tokens the Token Sale Company will issue is set at 100,000,000.
  • In the public sale offering, up to 50,000,000 Tokens will be offered for sale.
  • All of the Token supply will be created during the Token Sale and distributed once it is completed. Any Tokens offered for sale to the public and not sold will be destroyed.
  • The CEDEX Coins will be sold at a rate of 1ETH = 500 CEDEX Coins. ___
Users will be able to purchase CEDEX Coin in Ether, Bitcoin and fiat currencies according to the available rates in the market. A portion of the supply will be pre-allocated to the CEDEX founders and team members in the vesting schedule listed below. The company will hold 20%-25% of the CEDEX Coin supply for future development and marketing expansion. This holding will also be used for purchasing additional diamonds in order to expand the financial offering of the CEDEX project.
Participants in the pre-sale and sale will receive special bonus as indicated below: - Pre-sale up to 10% of total CEDEX Coin – 0.3 CEDEX Coin for each CEDEX Coin purchased. - First day of sale up to 40% of total CEDEX Coin – 0.15 CEDEX Coin for each CEDEX Coin purchased (ending at 24:00 GMT). - Further information and updates will be posted ahead of time on cedex.com.
USE OF FUNDS The net proceeds collected in the token sale will be used as follows: - Up to 20% for finalizing the development of the DEX, Diamond-Token smart contracts and the exchange as described in the milestone section in Appendix C below. - Up to 45% for marketing, business development and sales purposes. Most of the funds will be used for marketing the exchange in different jurisdictions. This will include online and offline marketing activities, signing partnership relations with various business partners and signing agreements with potential partners from the diamond industry. - Up to 20% for regulation, licenses, legal and operational purposes. - Up to 15% for working capital.
The expected breakdown may be altered based on the Token Sale outcome and project progresses.
submitted by Vindyne8 to CryptoCurrency [link] [comments]

From coins to gold

From coins to gold
Cryptocurrency investors gradually began to lose interest in Bitcoin and now are actively buying gold.

https://preview.redd.it/xrp3ai3akjd21.jpg?width=640&format=pjpg&auto=webp&s=2615ff15224f0a5b4c67c6df79775771d6d8619e
According to the VanEck`s head of the company, Bitcoin was able to pull demand from the gold market in 2017 but today the situation has changed dramatically. Also, he added that 4000 bitcoin investors have chosen gold as their priority investment in 2019.

At the same time, founder and chief investment officer of Seymour Asset Management, touched upon the topic of Bitcoin-ETF, stating that Bitcoin’s function as a mean of saving capital is in doubt. Bitcoin has lost all its liquidity as a commodity. It is very difficult today to say that BTC is an effective means of savings. Gold is, and there is no doubt about it. Thus, it is not clear to him the desirability of running Bitcoin ETF.

ITRADER notes that at the end of December the Wall Street Journal edition, citing data from research firm Excalibur Pro Inc. and the CBOE volatility index, reported a clear relationship between the traditional asset market and the bitcoin market. Thus, in the last days of December 2018, the bitcoin-to-gold correlation coefficient was 0.84.

There are also forecasts of a weakening of the American dollar and, as a result, an increase in the investment attractiveness of gold. We note that, in the implementation of such a scenario, there is a high probability that digital gold can go to the rally after the real one.

Disclaimer: This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. The past performance is not a guarantee of future results.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 86.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read the company Full Risk Disclosure Statement. Legal Information: ITRADER is a trade name of Hoch Capital Ltd., registered as a Cyprus Investment Firm (CIF) and licensed by the Cyprus Securities and Exchange Commission (CySEC) under licence number 198/13 in accordance with the Markets in Financial Instruments Directive (MiFID II).
submitted by Itrader_com to u/Itrader_com [link] [comments]

SWISSBORG´S DAILY INSIDER - WEEK 23

DON'T MISS OUT ON THE NEWS!

https://preview.redd.it/lxjzqc7lxx111.png?width=1000&format=png&auto=webp&s=6add4c8a95d1b8973aecb44b67efc3d829f1c5df

Want to stay updated on the most current news, market trends, and analysis? Subscribe to our daily SwissBorg Insider!

Friday, 8 June 2018

New Physically-Backed Bitcoin ETF Proposal Filed with SEC | NewsBTC A Bitcoin ETF has long been talked about but never got past the U.S. SEC. However, two firms might have come up with a solution.
'Just Beware' Is All Jamie Dimon Will Say About Bitcoin - CoinDesk Jamie Dimon once called bitcoin a fraud – now he's saying "just beware."
Japan Blasts Crypto Exchange Execs in First-Ever License Rejection - CoinDesk Japan's financial regulator has formally issued its first denial to a business registration application filed by cryptocurrency exchange FSHO. → Mining Giant Bitmain’s CEO Wu ‘Open’ to Hong Kong IPO, Report Says The CEO of Bitcoin mining tech giant Bitmain has appeared to confirm he would be interested in conducting an IPO for the company in future.
Daily Performances
General Comment: Calm before the storm? The broad market continues to drift sideways in thin volumes, and with trading ranges narrowing by the day. Volatility has all but disappeared, but most likely only for the short term. Technicals indicate that a breakout is likely within the next several weeks, probably triggered by external factors ensued by a big gap move as participants try to capture the movement in a vacuum.
https://preview.redd.it/iw1qmpnzqx211.png?width=909&format=png&auto=webp&s=f8b2d5e9bd1d258e899c1e48e6dde1c6d63e5836
Technical Analysis - BTC
Bitcoin price moved higher and broke a major resistance near $7,650 against the US Dollar. The pair may correct a few points in the short term, but dips remain supported around $7,600. BTC/USD remains buy on dips near the $7,600 and $7,500 support levels.
https://preview.redd.it/m730hni2rx211.png?width=1344&format=png&auto=webp&s=637c208b5d6d11c39e72cde01d63171a53dd2a7d
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Thursday, 7 June 2018

Bitcoin in Brief Wednesday: German Banks Trade Cryptos, US Universities Invest in Crypto Hedge FundsAt least six German financial institutions are involved in cryptocurrency trading.
Coinbase Acquires Financial Services Firm to Become SEC-Regulated Broker DealerThe acquisition of securities dealer Keystone Capital Corp will allow Coinbase to become a fully regulated broker dealer by the US Securities and Exchange Commission (SEC).
Susquehanna Is Opening Crypto Trading, Starting with BTC FuturesSusquehanna International Group is opening cryptocurrency trading to its clients, initially in the form of Bitcoin (BTC) futures, the New York Times reported June 5.→ Why Does Blockchain Makes More Sense After GDPRWhile there could be some initial hiccups about complete compliance with GDPR, technology like blockchain offers a bright spot on the horizon.
Daily Performances
General Comment: The market continues to trade sideways in thin volumes, with BTC trading right around the 20DMA level. Technicals show a narrowing uppelower band (BTC USD7'000/9'000) that indicates a breakout in the near future, and when it does the the low volume/low volatility environment could change drastically at least for a short while.
https://preview.redd.it/iu8spgnwgk211.png?width=907&format=png&auto=webp&s=8706108c4dd87265a517ec9039cb5eef329d2bf7
Technical Analysis - BTC
BTCUSD is locked in the 7'700-7'000 range, if it manages to break above 7'700 we would expect to test 8600, if it breaks 7'000 we expect an important fall to below 6'000
https://preview.redd.it/btss3i91hk211.png?width=1344&format=png&auto=webp&s=859ffb619003919d6cf45194870dd442f3ca7154
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Wednesday, 6 June 2018

Money20/20: Central Bank Execs Conclude Crypto Is No Threat to Fiat, YetWhy fiat is not particularly threatened by crypto..
Binance Official: ‘If the ICO Bubble Bursts, It’s a Good Thing for the Industry’The ICO bubble needs to burst in order for truly valuable projects to come about.
Magic Number? Chart Data Hints at June 6 Bitcoin BoostA major reprieve just may be in the offing for the battered bitcoin bulls in the next 36 hours – if, that is, historical patterns repeat themselves.
Daily Performances
General Comment: We continue to see sideways movement with no strong directional conviction. However, a prolonged period of very low volumes and dangerously low volatility juxtaposed with the narrowing of critical technical levels - BTC USD7'000 psychological support that must not be broken, and USD8'000 level broken above that may pull in buyers to test the upside band of USD9'000 - indicates a potential violent break out of recent range over the next several weeks. The BTC market has been flirting with both sides. Keeping a very close check on potential news triggers (Crypto and non-Crypto) would be highly advisable.
https://preview.redd.it/chgs44f9bc211.png?width=912&format=png&auto=webp&s=65ad2714afb3041d07cf357d5cf7f2c2178a0c18
Technical Analysis - BTC
BTCUSD is locked in the 7800-7000 range, if it manages to break above 7800 we would expect to test 8600, if it breaks 7000 we expect an important fall to below 6000.**05.05.2018
https://preview.redd.it/090l1uyfbc211.png?width=1344&format=png&auto=webp&s=dd73a94c497be4c25bd8ec37a425398c313b0a4f
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Tuesday, 5 June 2018

LinkedIn Co-Founder Is Raising $20 Million for Token Project - CoinDeskOne of the co-founders of LinkedIn is raising as much as $20 million in a SAFT sale.
OKEx Latest Industry Giant to Launch Cryptocurrency Index FundOKEx has become the latest industry giant to launch a cryptocurrency index fund.
Crypto Exchange Coinbase Plans Expansion With Japanese OfficeCoinbase Inc., one of the largest U.S. digital-currency exchanges, is expanding into one of the world’s hottest crypto markets.
Daily Performances
General Comment: The broad crypto market drifted sideways to slightly softer overnight. Market cap is at USD330 billion. We continue to see more of the same - low volumes, extremely low volatility and high correlation across currencies. Yesterday we failed to reach short term upside targets for confirmation of longer term consolidation (BTC USD 8000, ETH 650). On the news front, lots of news coming out from the crypto exchange business in Japan with regards to both new entrants (HitBTC, Coinbase) The move reflects the overall trend to be compliant with local regulation, which is healthy for the long term.
https://preview.redd.it/nd2kkmmbac211.png?width=920&format=png&auto=webp&s=e5e95fdb01d33841116e3b59a66d3df62ad9cf4d
Technical Analysis - BTC
BTCUSD is locked in the 7800-7000 range, if it manages to break above 7800 we would expect to test 8600, if it breaks 7000 we expect an important fall to below 6000.
https://preview.redd.it/lgpzm2ckac211.png?width=1344&format=png&auto=webp&s=83b4eb9d9d78a43ef68ea59b956322c4be7001d7
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Monday, 4 June 2018

Initial Coin Offerings Have Already Topped 2017's Record PaceSales of digital tokens by technology companies this year have already surpassed the record amount raised in all of 2017.
The EOS Blockchain Launch: What Should Happen (And What Could Go WrongThe world's fifth most valuable cryptocurrency is set to formally release its software this weekend.
Cryptocurrency Exchange Hitbtc Suspends Services in JapanHitbtc has suspended its services for Japanese residents to avoid any trouble with the country’s financial regulator since it is not authorized to operate in Japan. → Binance Reveals Plan for $1 Billion Blockchain Startup FundBinance has announced it is launching a $1 billion "Social Impact Fund" to foster the growth of blockchain and cryptocurrency startups.
Daily Performances
General Comment: Over the weekend the broad market recovered steadily but in quiet trading. What appears to have been an ETH led sell off last week has reversed nicely (as can clearly be seen in ETH/BTC back to 0.08), with BTC holding the critical USD7000 level and now testing the “all clear” point of USD 8'000. The equivalent ETH level to the upside is around USD 650, both of which broken above indicate a possible test of higher ranges. XRP appears to have fully recovered this level.Developments in “off-chain” markets and mounting concerns of European sovereign debt continue to be the next possible catalyst for crypto markets.
https://preview.redd.it/7s6p0le0yx111.png?width=873&format=png&auto=webp&s=5822c471a38c39452c016c79bfa58bed017e17e5
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Many thanks to Mariem @SwissBorg for providing us with THE latest news.
Disclaimer: Insider aims to provide our community with updates and information regarding financial markets and the blockchain world.This is our way of communicating with our community. It is meant to be used for informational purposes not to be mistaken for financial advice.Our opinion, when shared, is just that, it may not apply directly to your individual situation. Any information gleaned here is to be used at the readers' own risk, SwissBorg does not accept any responsibility for individual decisions made based on reading our daily blog. Any information we provide on our daily blog is accurate and true to the best of our knowledge, there may be omissions, errors or mistakes.
Copyright © 2018 SwissBorg, All rights reserved
submitted by lioness444 to swissborg [link] [comments]

Switzerland Approves Amun AG Crypto ETF - SEC Bitcoin ETF Approval Soon? - Ripple Berkeley Grant Bitcoin ETF: Wall Street’s Path to Crypto  Cointelegraph Documentary Bitcoin Q&A: Where are the exchange-traded funds (ETFs)? Bitcoin ETF Cancelled - What's Next? Was ist ein ETF? Warum warten alle auf den BITCOIN ETF?

Bitcoin Group SE: BaFin hat keine Bedenken gegen den Erwerb der futurum bank GmbH. 10. Juli 2019. mehr lesen. Bitcoin Group SE veröffentlicht vorläufige Geschäftszahlen für das Geschäftsjahr 2018. 17. Mai 2019. mehr lesen. Archiv. Corporate News. Bitcoin Group SE schließt Verschmelzung der Bitcoin Deutschland AG auf die futurum bank AG zu Deutschlands erster Krypto-Bank ab . 22. Oktober ... According to the Financial Times, the ETF “[…] has been designed to track an index based on the movements of five leading cryptocurrencies.” Roughly half (48%) of the ETF’s assets will be invested in Bitcoin (BTC) 00. The rest will be put towards bitcoin cash, XRP (30%), ethereum, and litecoin. New Kid On the Block Fidelity Investments is launching its first Bitcoin fund, adding its establishment name and star power to the fledgling and often controversial asset class. Bitcoin has not experienced any significant losses since the announcement and has managed to hold above USD 3,500. VanEck was considered by many analysts to be the industry’s leading for hope for receiving ETF approval, with CBOE being the first firm to receive the SEC’s approval for Bitcoin futures trading. The U.S Securities and Exchange Commission (SEC) has recently received an application from the Chicago Boards Options Exchange (CBOE) for a Bitcoin-based exchange-traded-fund (ETF) license with an aim to attract more number of institutional players to the crypto market.. The applications notes that the process of filing initially started last month in June 2018 with the CBOE filing it through ...

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Switzerland Approves Amun AG Crypto ETF - SEC Bitcoin ETF Approval Soon? - Ripple Berkeley Grant

Chainlink partners with Conflux for increased security in smart contracts. Bitwise Withdraws Long-Standing Bitcoin ETF Application. Fidelity Digital Assets t... A Bitcoin ETF has been on our mind for quite a while now, but what's the latest news and updates from the SEC, which organizations/groups have open applicati... The prospects of a Bitcoin ETF coming to market have not only crypto enthusiasts psyched, but Wall Street as well. Even though the term ETF — i.e., exchange-traded fund — is often talked about ... Hallo und Herzlich Willkommen zu einer neuen Ausgabe von Finanzielle Freiheit Dank Kryptowährungen! 🔥🔥🔥FFDK STEEL-PLATES WIEDER AM START !!!🔥🔥🔥 https://ffdk.... With recent news that the CBOE has been "nudging" the SEC to approve a Bitcoin-based ETF, I thought it would be exploring what kind of impact this could have on the price. Let me know your ...

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