Connect with us

Press Releases

Evolution of Traditional Markets Aided by Blockchain Technology and Artificial Intelligence

Published

on

Acquaint

Three of the hottest technologies currently on the market are Blockchain, Artificial Intelligence (AI), and Virtual Reality (VR). Each one, individually, is worth mentioning. However, putting all three of them together creates a solution of epic proportions, of which one must take note.

Another technology that is extremely hot nowadays is the cryptocurrency. In 2017, ICOs raised about $4.9 billion, and the market is only growing! When thinking about different markets that can benefit from the use of cryptocurrencies, one market to pay attention to is Real Estate. Fortune Magazine, in their January 2016 article titled ‘How Critical Real Estate is to the Global Economy’, states that the total global property value is $217 trillion and that residential property makes up about 75% of the total value. Deloitte, in their article titled ‘Impacts of the Blockchain on Fund Distribution’, stated: “A survey from the World Economic Forum highlights that financial services will be transformed by this technology with expectations of at least 10% of the global GDP being stored on Blockchain platforms by 2025.”

The above realization leads one blockchain company to develop a one of a kind solution, which leverages all four of the technologies mentioned above to fill a need in the Real Estate Industry.

Acquaint developed an on-chain asset trading platform for Real Estate transactions, which leverages Blockchain Technology, Artificial Intelligence, and Virtual Reality to provide a one-of-a-kind online marketplace. They have also created their own branded token to facilitate extremely low settlement costs when used on their platform. Major cryptocurrencies, such as Ethereum and Bitcoin, will also be accepted on the Acquaint platform.

Acquaint is being built upon the best features of cryptocurrencies, providing fast transactions, lower fees (1% versus the industry standard of 5-7%), and low cross-border transactional friction. The platform will enable the sale of Real Estate assets to a growing worldwide audience of cryptocurrency holders. The Acquaint token will also have an intrinsic value, which will be attractive to people looking to invest in a diverse portfolio of cryptocurrencies.

The belief, behind the creation of Acquaint’s innovate platform is that for cryptocurrencies to achieve mainstream adoption, traditional commerce with real-world assets (such as Real Estate) need to integrate seamlessly with Blockchain payments. The only way for that to happen is by implementing peer-to-peer transactions within a tightly regulated platform that looks out for the best interests of both parties.

Besides blockchain technology setting out to disrupt the electronic payment industry, developments in various sectors such as Real Estate, Cyber Security, and Health Care, all speak of the more significant opportunity there is to give individuals control over the governance of their data. As a result, Acquaint’s founders envision a chance to integrate Artificial Intelligence (AI) with smart contracts to ensure maximum security and authenticity of the data deployed to the blockchain. Acquaint is also developing strategic relationships with innovators in the Virtual Reality (VR) space, to search a property, or even the exploration of architectural renderings, as seamless as ever. For example, suppose you are searching for a specific type of property, and assume there are millions of property listings in the global database. By selecting the criteria for your search, the Acquaint AI Engine will present those properties, obtained directly from the Blockchain, which fit your criteria. The AI Engine will get smarter each time you use it, as it will learn and remember your preferences via machine learning technology. Once you’ve selected several prospective properties, you can take a fully immersive virtual tour via the Acquaint Virtual Reality (VR) Engine. This complementary combination of technologies can open up Global Trade on a scale that couldn’t previously be accommodated under any single corporation.

By leveraging the combination of AI and VR with Blockchain, investments into both, emerging markets and global markets become seamless. With AI optimizing the search of properties, VR showcasing the properties, ultra-low commission fees, paperless smart contract transactions that are negotiated via virtual interactions, and closed in minutes (as opposed to days), there’s no longer a need to travel the world only to buy a single skyscraper in Dubai!

Acquaint is currently offering a 48% bonus on the pre-sale of their tokens, ahead of the 28 February 2018 ICO. What this means, is that purchasing the tokens at a steep discount now will enable you to soon buy properties on the Acquaint platform at a significant advantage!

To take advantage of the pre-sale bonus, or to learn more about the Acquaint platform, visit https://www.acquaint.biz/ today.

 

*This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company, product or service. Bitcoin Africa Ltd. is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in the press release.*

Press Releases

BITBOX Exchange Adds TRON (TRX) as LINE Expands Cryptocurrency Businesses

Published

on

BITBOX Exchange

TOKYO – August 15, 2018 – LINE Corporation announced today that it has added TRON (TRX) to BITBOX, LINE’s recently launched cryptocurrency exchange. TRON (TRX), a global decentralized blockchain platform, is the first coin project to pass the review process by the BITBOX open-listing committee.

The open-listing committee and review process is part of BITBOX’s principle that all projects in the cryptocurrency community deserve an equal opportunity to be listed on the exchange. BITBOX is now accepting applications from other coin projects that want to join the exchange and that are prepared to undergo a thorough evaluation process. 

The listing of TRON (TRX) – available for trading now on BITBOX – also shows LINE’s continuing commitment to diversifying its customers’ coin options and developing its cryptocurrency exchange business. As a user-centered exchange, BITBOX is focused on expanding the range of options available for its customers, while also providing efficient and secure cryptocurrency services.

In addition, to celebrate TRON’s listing on BITBOX, 9 million TRON coins will be airdropped to users on BITBOX, in a promotional event running until August 22. 

Tron

TRON is dedicated to building the infrastructure for a truly decentralized internet. Since its successful Testnet launch in March 2018, TRON has followed with a series of achievements, including Mainnet launch in May, network independence in June, and testnet virtual machine launch on Testnet in July. That same month, TRON acquired BitTorrent, a pioneer in the decentralized services.

“Integrating TRON (TRX) with BITBOX will enable us to connect with the world’s fastest-growing blockchain project,” said Youngsu Ko, CEO of LINE Tech Plus, LINE’s Singapore-based subsidiary that operates BITBOX. “TRON has a solid tech platform, especially now it has joined forces with BitTorrent. We look forward to building a strategic partnership with TRON and offering our users the best experience available in the cryptocurrency space.”

“We are very excited to partner with LINE on their launch into the cryptocurrency space,” said Justin Sun, founder and CEO of TRON. “We will use our expertise in the industry to help LINE provide fast and secure cutting-edge crypto exchange services. By joining this vibrant project, we aim to reach a broader audience, extend our services to mobile, and connect the dots with our other products, which have more than 100 million users (BitTorrent, Peiwo, etc.). We are looking forward to working further with LINE on more product integration.”

Token venture fund launched by unblock corporation

In another measure to develop a blockchain startup ecosystem, LINE’s subsidiary unblock corporation recently established “unblock ventures ltd.,” a corporate token venture fund. Unblock ventures focuses on token investments and has a capital commitment of USD10 million, made by LVC Corporation (another LINE group company). Additionally, unblock ventures token fund is expected to expand in the future, according to the growth of the blockchain market.

By launching this new corporate token fund, LINE is aiming to boost the development and adoption of cryptocurrencies and blockchain technology. As such, LINE is one of the first publicly traded corporations to formalize token investments through a corporate fund.

■unblock ventures ltd. Overview

·       Name: unblock ventures ltd.

·       Representative: Heewoo Lee, CEO

·       Location of incorporation: Hong Kong

·       Established: July 2018

·       Sole investor: LVC Corporation

·       Fund management: unblock ventures ltd.

·       Investment type: Token Venture Fund

·       Investment areas: Blockchain startups

·       Capital commitment: USD10,000,000 

About LINE Corporation

Based in Japan, LINE Corporation (NYSE:LN/TSE:3938) is dedicated to the mission of “Closing the Distance,” bringing together information, services and people. The LINE messaging app launched in June 2011 and since then has grown into a diverse, global ecosystem that includes AI technology, fintech and more.

About unblock corporation

Based in Korea, unblock corporation is a subsidiary of LINE Plus Corporation, specializing in blockchain technology. Since its launch in April 2018, the company has been tasked with designing a token economy, performing market research on cryptocurrencies, and developing an accelerator program.

Media Inquiries

LINE Global PR: dl_gpr@linecorp.com

*Readers should do their own due diligence before taking any actions related to the promoted company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.*

Continue Reading

Press Releases

Crypto Exchange Coinmate.io Pays Traders to Trade

Published

on

Coinmate.io
Image by Coinmate.io

European crypto exchange, Coinmate.io, has introduced negative fees for high-volume traders.

Customers who have a monthly trading volume of €3,000,000 (three million euros), will automatically be paid 0.05 percent on further trades if they are on the ‘market maker’ side of the transaction.

Roman Valihrach, CEO of Coinmate, says: “I believe that negative fees are a world first among cryptocurrency exchanges. The trend has always been to lower costs as the market matures and Coinmate.io continues to lead the way with lower fees. Crypto trading markets are growing massively and big players have realised they need to step in or miss out. With negative fees we hope to attract more high-volume institutional traders to our platform.”

Olga Bersheva, communications director, Coinmate, explains: “At first glance, the economics of negative fees would seem contradictory for a crypto exchange. But ‘market maker’ transactions have lower fees because they breathe life into the market by improving liquidity. We justify paying customers to trade because we want to reward those who trade more and drive the market forward.”

“Coinmate, of course, still gets paid by the ‘market taker’ side of the transaction, although those fees are on the very low end of the scale and also decrease with volume,” she added.

Coinmate.ioPaying traders to trade as part of the normal fee structure is a groundbreaking culmination of fierce competition among exchanges.

*Readers should do their own due diligence before taking any actions related to the promoted company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.*

Continue Reading

Press Releases

#SurfingTheBlock Event to be Held in Durban, South Africa on 30 August 2018

Published

on

#SurfingTheBlock

Durban After capacity events in Johannesburg and Cape Town, the Blockchain Entrepreneurs Club South Africa (BECSA) continues its nationwide tour by bringing you another great event in Durban! We’re thrilled to invite you to #SurfingTheBlock, an evening of presentations and networking aimed at all levels of knowledge encompassing blockchain and entrepreneurship. Hear from practitioners, visionaries, and entrepreneurs from the local blockchain ecosystem to understand how this technology works, how it’s being applied to local businesses and what the future will bring.

Sponsored by RMB Foundery and Blink, and in partnership with Festive Collective, any profits from this event will be donated to our chosen impact hero, Molo Mhlaba.

Not in Durban on the 30th? Don’t worry, we’ve got you covered.

BECSA is hosting a series of in-person and online events in celebration of Women’s month:

We look forward to seeing you at #SurfingTheBlock on Aug 30th at FNB Acacia House, Durban. For more information about the event, visit http://qkt.io/surfing-the-block (Early bird tickets on sale now!)

###

BECSA

About BECSA: BECSA serves as a destination for those interested in learning about all things related to blockchain and cryptocurrency. It creates a space for the public and entrepreneurs, from diverse backgrounds, to learn, network and grow the blockchain ecosystem in South Africa.

For more information, contact info@blinktech.io

Continue Reading

Popular Posts