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Golix Offers Africans Free Cryptocurrencies in Token Sale Giveaway

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Golix Offers Africans Free Cryptocurrencies

Golix, the Pan African cryptocurrencies startup with exchanges across the continent is distributing cryptocurrency to all Africans as part of its token sale campaign.

The company is conducting a series of giveaway campaigns targeted at everyone in Africa interested in its token sale. This is part of a drive to raise an awareness of how cryptocurrencies can be used to solve some everyday challenges and to showcase the continent’s diversity.

Until the 25th of July 2018 when its token sale ends, Golix will be distributing a total of 1 million GLX tokens to people who take part in daily quizzes and competitions.

These will focus on trivia specific to Africa, the African payments space and cryptocurrencies in general. There will also be GLX token giveaways for people who create and share content on Africa such as short videos, blog posts, and pictures.

All this will be under the hashtags #AfricaIsNotACountry and #GLXTokens.

Golix Launches ICOEach of the GLX tokens is valued at 5.6 cents and will be distributed to winners after the sale ends. The tokens will be tradeable on any of Golix’s active exchanges.

Speaking on the idea behind the giveaway Tawanda Kembo the CEO of Golix explained that his team had been motivated by a desire to open cryptocurrencies to people in Africa who had never accessed them.

“We are aware that digital currencies can solve some of the problems we face as a continent. Areas like cross-border payments and remittances that most Africans can relate to can and should be improved by the use of cryptocurrencies. We want to demonstrate this using an alternative currency that isn’t exclusive to people with credit cards or bank accounts,” he said.

Kembo also shed some light on the #AfricaIsNotACountry campaign saying,

“We are often viewed as one single country with the same identity yet Africa has so much diversity that should be celebrated. We want the distribution of our token to people here to bring that out and demonstrate just how rich our culture and creativity are.”

The Golix token sale was launched on the 1st of June 2018. It is a campaign to raise US$32 million through a crowdfunding technique used more commonly by cryptocurrency startups.

Golix has already opened exchanges in seven African countries and wants to use the proceeds of its token sale to extend its presence to more countries, providing the continent with financial autonomy.

You can read more about the Golix token sale by following this link.

 

*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 this press release.*

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DaoCoin Announces Infrastructure to Issue Transparent Auditable Stablecoins

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DaoCoin

NEW YORKSept. 20, 2018 /PRNewswire/ — DaoCoin announced its plan to open its stablecoin issuance infrastructure to qualified partners.

DaoCoin is an issuance infrastructure for fiat-backed cryptocurrency. The issuance infrastructure includes; a global network of fund management nodes consisting of multiple third-party trust companies; a blockchain-driven AML/KYC framework supported by global regulators; live APIs for real-time token-fund-matching disclosure and auditing mechanism to ensure full reserve; a set of streamlined, customizable e-commerce-style widgets to issue and redeem fiat-backed cryptocurrencies.

With this open infrastructure, any qualified third-party can issue its own brand of stablecoin, a special type of crypto-asset that maintains a stable value against the target price of fiats (e.g. USD) or assets (e.g. gold).

DaoCoin is not a stablecoin, however, it offers the infrastructure to produce stablecoins. More importantly, it produces stablecoin that addresses the transparency and efficiency issues of existing stabecoins (such as USDT and Dai).

How DaoCoin Addresses Transparency and Efficiency at the Same Time

DaoCoin

Image by DaoCoin

Funds are held by trusted third-party companies worldwide and audited by accounting firms on a monthly basis. Community operation and reserve management are completely independent, where a mature trust mechanism is applied. Prestigious international third-party companies are employed to manage and ensure the security of the reserves. Real time information disclosure on Fund-Token matching is available through the API and website. Records of issuance and redemption can be tracked in the blockchain and are open to all community members. Trustworthy third-party auditing bodies are employed to conduct strict audits. They publish monthly audit reports to ensure transparency and openness in asset management. Token generation contracts are audited by third-party professional firms. The smart contract audits combine compliance, security, and a comprehensive checklist of known pitfalls and attack vectors.

To improve the efficiency of the legal clearance and flow of funds, DaoCoin has established a worldwide network of AML checkpoints and fund-processing pipelines. Per customer region, DaoCoin can auto-switch between nodes for the most efficient choice, allowing it to be constantly up-to-date and not reliant on a centralized system. DaoCoin has adopted a Delegated Proof-of-Stake strategy, allowing KYC/AML cleared key partners to cash in or redeem in real time.

As well as leading in transparency and efficiency, DaoCoin is the first community-governed issuance infrastructure. DaoCoin issued its own ERC-20 governance token, DaoCoin Power (DCP). Holders of DCP exercise voting rights, obtain gainsharing and are entitled discounts on fees. DaoCoin will also reimburse fees paid for minting and redeeming tokens in the form of DCP.

DaoCoin is currently in collaboration with multinational retail chains and international commodity traders to help them issue their own brands of stablecoin.

*Readers should do their own due diligence before taking any actions related to the 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.*

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CoinBundle Launches Bundled Crypto Investment Platform and Takes the Lead Towards Bringing the Next Billion People to Cryptocurrencies

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CoinBundle
Image by CoinBundle

SAN FRANCISCOSept. 20, 2018 /PRNewswire/ — CoinBundle launched its investment platform today that enables users to buy bundles of cryptocurrencies easily instead of single coins. Users can invest in curated bundles based on their risk profiles and investment strategies with one click for the first time. Investments will be stored securely with a qualified custodian and insured against theft by Lloyds of London, making CoinBundle the only bundled crypto investment platform to get this distinction.

The company is backed by several of the earliest investors of crypto-unicorn CoinBase, including Y Combinator, Initialized Capital and Funders Club. Switch VC and Joe Montana’s Liquid 2 are also backing the company.

Going forward, CoinBundle will focus on enabling the next billion users from emerging markets to take full advantage of investing in cryptocurrencies, participating in the New Internet (Web 3.0), and build an open eco-system for crypto ETFs. Users can invest in 3 bundles initially, developed by the in-house finance team after extensive qualitative and quantitative research: Conservative (CNS2), Aggressive (AGR10) and Emerging (EME10). Each bundle represents a unique investment strategy and philosophy for investors. The company has also developed additional thematic bundles that are in final stages of testing and will be added on the platform shortly, such as the Eco-Friendly, Halal and Asian Tigers Bundles.

More features, such as iOS and Android apps, advanced trading for experienced investors, auto-investing and limit orders will be released shortly. In addition, investors and influencers will be able to create custom bundles and publish, promote and sell them in an open marketplace to earn commissions.

CoinBundle also added a global finance leader Katherine Hensel to its Board of Advisors. Katherine previously founded and was the Managing Partner at Sage Asset Management, a hedge fund with over $1 Billion in assets. She has also served as Chief Investment Officer at several multi-billion dollar financial institutions and family offices. She joins Sir Michael Barber (former head of McKinsey and Company’s Education Practice, Chief Education Advisor at Pearson) and Michael Sinclair (Executive Director of the Harvard Ministerial Leadership Program) on the board.

CoinBundleCoinBundle has also partnered with several leading tokenized and decentralized projects to give users from 165 countries their first taste of Web 3.0 products through its BundleRewards platform. The team believes this is a true leapfrogging opportunity for emerging markets to adopt the decentralized internet and its associated tokens rapidly at scale.

The CoinBundle team is in conversation with national level governments and is on track to have the world’s first cryptocurrency ETF listed on a national exchange. It has already received approval for a cryptocurrency exchange license in the Philippines alongside only a handful other leading blockchain projects globally.

Saad Rizvi, CEO of CoinBundle said “CoinBundle is enabling the next billion users from emerging markets to participate in the cryptocurrency revolution and in Web 3.0. We are achieving that mission by creating the easiest on-ramp for new investors to participate in these technologies, educating them about crypto through our award-winning resources, and enabling them to earn and utilize their first tokens in return for their time through our BundleRewards platform.”

Garry Tan, Managing Partner of Initialized Capital, said “CoinBundle is building an on-ramp for people in emerging markets to invest in baskets of tokens that match their own risk profiles. They are paving a way forward for cryptocurrency infrastructure that’s accessible to the next billion users.”

*Readers should do their own due diligence before taking any actions related to the 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.*

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Leading Stellar Wallet, LOBSTR, Announces Support for the DigitalBits Blockchain; Launches Wallet for DigitalBits Tokens

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Images by Lobstr

BELARUS, September 21, 2018 — LOBSTR, the leading wallet in the Stellar ecosystem, announced today the launch of XDB Labs LLC, and will soon launch XDB Wallet, to support custodial and wallet storage for digital assets on the DigitalBits blockchain. Recently launched, DigitalBits, a fork of the Stellar blockchain, is a protocol focused on becoming the transaction and trading layer of certain digital assets, including the points economy.  

Lobstr

XDB Labs has been created to support and encourage adoption of the DigitalBits blockchain through the use of consumer-friendly tools. With the development of secure and simple storage solutions, suitable for both consumers and enterprises, the mission is to provide comprehensive options for users of all variety. XDB Labs’ inaugural product, XDB Wallet, will act as a complete solution to manage and hold the DigitalBits native token, XDB, as well as other assets built on the DigitalBits blockchain. With an expected $20 billion poised to flow into custody solutions once available, XDB Labs’ solutions will benefit the growing number of those holding digital assets.   

CEO of the DigitalBits Foundation, Al Burgio, said “We are excited to have the LOBSTR team join our partner ecosystem and build out a range of leading custodial and wallet solutions in the DigitalBits ecosystem. XDB Wallet will not only make management of digital assets, such as loyalty and rewards points, simpler but also provide incomparable levels of security for its users.”

Lobstr

LOBSTR is a simple and secure cryptocurrency wallet for storing Stellar’s native currency, Lumens (XLM), in addition to a host of other assets built on the Stellar blockchain. Stellar is an open-source protocol for exchanging money that allows users to send cross-border payments in seconds, reliably and with extremely low fees. XDB Labs will benefit from the years of experience involved in operating LOBSTR.

Co-founder of LOBSTR, Gleb Pitsevich, said “We are very excited to join the DigitalBits ecosystem and work with the people behind the project. We believe that applying blockchain technology to customer loyalty programs has great potential and can disrupt the legacy loyalty industry. The underlying technology of the DigitalBits blockchain network is similar to what is used in Stellar and we will apply all the experience and knowledge we received from LOBSTR to help build a great platform for managing XDB and other digital assets issued on DigitalBits network.”

The DigitalBits blockchain, a protocol focused on becoming the transaction and trading layer of certain digital assets, including the points economy, is seeking to create a marketplace where consumers can trade and store digital assets such as loyalty points. With a third of all loyalty points going unredeemed each year, at a value totalling approximately $16 billion in the US alone, this is an industry with the potential to be radically advanced through the advantages blockchain technology can provide such as portability and near-instant transactions.

Readers should do their own due diligence before taking any actions related to the 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.*

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