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Paxos ® Launches New Stablecoin, Paxos Standard™

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Paxos

NEW YORKSept. 10, 2018 /PRNewswire/ — Paxos today announced the launch of Paxos Standard™, the world’s first regulated crypto asset. The Paxos Standard token is fully collateralized 1:1 by the U.S. dollar, issued by the Paxos Trust Company, and approved and regulated by the New York State Department of Financial Services.

As a digital asset, Paxos Standard can move instantaneously anywhere in the world. Built on the Ethereum blockchain, it offers the benefits of crypto-assets such as immutability and decentralized accounting. Since it is fully collateralized by dollars, Paxos Standard offers a liquid, digital alternative to cash that is available 24/7 for instantaneous transaction settlement and is fully redeemable. As a Trust company, Paxos is a fiduciary and qualified custodian of customer funds, and can, therefore, offer greater protections for customer assets than any other existing stablecoin. Dollar deposits are always held in segregated accounts at multiple FDIC-insured U.S.-domiciled banks.

“Paxos Standard gives financial markets the power to transact in a fully USD-collateralized asset with the benefits of blockchain technology and oversight from financial regulators,” said Charles Cascarilla, CEO and co-founder of Paxos. “We believe that Paxos Standard represents a significant advancement in digital assets, leveraging the oversight and stability of the traditional financial system and enabling a frictionless global economy.”

PaxosVerified Paxos customers can purchase and redeem tokens directly through Paxos.com on a 1:1 basis with USD. When Paxos Standard tokens are in circulation, the corresponding dollars are held in reserve. Upon redemption for dollars, Paxos Standard tokens are immediately destroyed. Tokens are only in circulation when the corresponding dollars are in custody.

Investors who trade digital assets through the itBit exchange or OTC desk have the option to withdraw digital assets to Paxos Standard instantaneously. Paxos Standard is available to be listed on other venues and will trade under the ticker symbol PAX™.

Paxos Standard has been designed as an Ethereum token written according to the ERC-20 protocol so that anyone with an Ethereum wallet will be able to send and receive Paxos Standard tokens. The smart contract has been audited by smart contract auditor Nomic Labs and account balances will be audited by top U.S. auditors.

Paxos has long been a partner to institutional investors, focused on financial compliance since its genesis as the first NYDFS-approved Trust company to offer trading and custody services for digital assets through its exchange, itBit, one of the leading crypto asset exchanges. Cascarilla added:

“In the current marketplace, the biggest hindrances to digital asset adoption are trust and volatility. As a regulated Trust with a 1:1 dollar-collateralized stablecoin, we believe we are offering an asset that improves on the utility of money.”

Paxos today has also published a white paper explaining product construction and design decisions for Paxos Standard. To download the paper and read more about Paxos Standard, please visit www.paxos.com/standard.

*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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CoinCola’s First Meet-up in Lagos

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CoinCola Meet-up

LAGOS, Nigeria, July 18, 2019 — A few days ago, the first-ever CoinCola meet up took place at the prestigious Tayo Aderinokun Lecture Theatre located in the University of Lagos, Nigeria. The event, which took place on the 13th of July 2019 had over 120 persons in attendance including businessmen, students, crypto traders, blockchain analysts, crypto experts, local media companies and many newbies to cryptocurrency.

CoinColaThe meet-up was also attended by the CEO of Coincola.com Allan Zhang, the Business Manager of CoinCola, Ivan Chan, an International staff of CoinCola Abby and the Regional Manager for CoinCola in Africa, Samuel Joseph.

Ivan Chan started the event with a brief introduction to what CoinCola is all about and the purpose for the meet-up in the University of Lagos. He stated the vision of CoinCola and how the company seeks to connect Africans to the future of finance.

Over the course of the event, CoinCola’s CEO & Founder Allan Zhang talked about the outlook of blockchain technologies, his thoughts on Libra coin by facebook, strategic goals of CoinCola, the unique characteristics of CoinCola and the business use-case models of CoinCola.

During a short speech presentation, CoinCola’s Regional Manager Samuel Joseph gave an opening speech, spoke about the core features of CoinCola, such as fast escrow market, inbuilt exchange, face ID recognition system and a hint on how students of Unilag can make money from CoinCola.

CoinCola

Moreover, the meetup participants had the opportunity to participate in several CoinCola games, such as “find your family” fly your airplane ” and a chance to win 100 Naira worth of Bitcoin. The game session was led by Abby and assisted by Samuel Joseph.

Over the course of the event, the Regional Manager for CoinCola Joseph Samuel held a round table session with some key leaders in the Nigerian crypto space such as Chris Ani, Tony Nwabishop, a Dash representative, a pro trader and the CEO of CoinCola Allan Zhang.  The round table discussion was centered around bitcoin’s adoption in Africa and why crypto is a better way to carry out remittance. The session lasted for over 25 minutes with great inputs from all members of the round table.

CoinCola team is super excited about the success of the meet-up in Unilag and the great yearning by the Nigerian youth to learn about the future of finance. for that reason, The Busines officer, Ivan, announced the three job openings for vigorous Nigerians who are passionate about cryptocurrency and are willing to join the CoinCola team grow its presence in Nigeria.

CoinCola team looks forward to having more meet-ups around Nigeria, getting more partnerships with local Nigerian influencers and media house so as to help grow the knowledge of cryptocurrency and blockchain which will at the end lead the people of Nigeria into the future of finance.

Disclaimer: This is a press release. 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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Africa Blockchain Alliance Announces Call for Applications for Second Cohort of Africa Blockchain Developer Program

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July 15, 2019, Johannesburg, South Africa – In February 2019, Africa Blockchain Alliance (ABA) announced the launch of Africa Blockchain Developer Program in partnership with ConsenSys Academy, the educational arm of ConsenSys, a market-leading blockchain technology company. 

The program was launched to give developers in Africa the opportunity to gain the skills to become industry-ready blockchain developers and empower them with the tools they need to leverage blockchain to solve some of the pressing problems in Africa and the world.

ConsensysThe first cohort of the program is graduating in July 2019 and applications are now open for the second cohort starting in August 2019. Africa Blockchain Alliance is looking to increase the number of developers and country representation with this next cohort and will also be awarding scholarships to a number of developers for the program, thanks to a $10,000 grant from ConsenSys Grants, which was announced during the 2019 Ethereal Summit in New York in May 2019.

The program, which is mostly online with in-person sessions in select cities, gives developers in Africa access to ConsenSys Academy’s Developer course at a significantly discounted rate. Developers on the course will have access to dedicated mentors who will have weekly office hours with them for 1 to 2 hours per week and answer their questions daily. Developers will also have unlimited access to an online forum with over 2,000 developers who are all current and past developers trained by Consensys Academy. The program will run for a period of 11 to 12 weeks (approximately 3 months) starting from August 2019. On successful completion of the program, graduates will be issued certificates on the Ethereum blockchain and given the opportunity to work on blockchain projects in Africa and around the world.

Here is what some of the developers from the first cohort had to say about the program;

Kwadwo Amo-Addai (Ghana): The Africa Blockchain Developer Program is one of the best online education programs I’ve taken in my life. It has successfully initiated me into the Blockchain space, and fully-prepared me for venturing into this emerging technology sector.”

Allan Katongole (Uganda): “The Africa Blockchain Developer Program was quite informative both in a theoretical and practical aspect. The mentorship and office hour sessions were top notch and provided efficient and quick solutions in situations where I was stuck technically.”

 AFRICA BLOCKCHAIN DEVELOPER PROGRAMWael Yousfi (Tunisia): “Three months ago, I joined the first cohort of the Africa Blockchain Developer Program. It gave me the opportunity to learn more about Ethereum blockchain development. I learned to develop solidity smart contracts and I built my own decentralized application using solidity and truffle. Thanks to Africa Blockchain Alliance for giving me the opportunity to be part of this program. I highly recommend it to every African developer interested in blockchain development.”

For more information, please visit: http://afriblockchain.org/developer/ 

Disclaimer: This is a press release. 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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VibraVid: A Solution to YouTube Woes

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VIBRAVID

We mostly use the internet nowadays, even children at their very young ages are hooked on to the gadgets and the internet. They even have their own YouTube stars and sensations. Indeed, Ryan of Ryan Toys Review was recorded by Forbes as YouTube’s highest-earning star, raking in $22m.  

VIbraVid

A seven-year-old boy who reviews toys has been revealed as YouTube’s highest-earning star, raking in $22m (£17.3m).

The young boy was asked by the NBC, why kids liked watching his videos, Ryan – who is now eight – replied: “Because I’m entertaining and I’m funny.”

Every toy that he features on his blog was instantly selling out making him get more sponsors, doubling his net worth. 

When you gave your smartphone to your child and they started to play random videos on YouTube, did they get a penny from watching them? Aside from gadgets being harmful to mental health and eyesight if they’re spending more time on the internet, maybe they can learn some words and things from it. The video creator will surely earn when your kiddo watches the videos, what about your child? Absolutely not.

On the other hand, old vloggers may be lucky as they already built a strong fan base before this industry hit the market so hard, but things are not in favor of new YouTube vloggers. Huge numbers of them are struggling to promote their contents. Simply because there are too many of them competing now. They’re having a hard time gaining real followers that will support them from start to end. It becomes a competition where things are really unfortunate and makes them lose their passion.

As we stand on the threshold of the next wave of the digital content revolution with the emergence of the Internet of Things (IoT), this digital content vulnerability could become more than problematic unless we transform the basic platform that we use.

What if we combine it with Blockchain?

What if we tokenise everything?

What if we use the platform, VIBRAVID

VibraVid is a decentralised online sharing platform built on the TRON blockchain that’s aiming to become a decentralised answer to the industry giants like YouTube. The platform aims to transform how consumers interact with digital content and in the process increase the revenue potential for content creators.

VibraVid aims to deliver content directly from creators to users, thereby eliminating the presence of intermediaries in the form of record companies, labels, physical media manufacturers, banking organisations, etc. As a result, internal reserves for revenue creators of content will be significantly increased.  

In the VibraVid Platform, both content creators and fans/listeners can earn money with the innovation of Blockchain.

What is BeatzCoin? 

BeatzCoinBeatzCoin is a cryptocurrency that has value, just like Bitcoin (BTC), and is used in transactions and functions in the VibraVid platform. It is built on the Tron (TRX) network. With Tron, MainNet will be used for all cryptocurrency transactions made between users. Transactions made within the platform, between wallets have been tested to be confirmed in 3-5 seconds. BeatzCoin can be bought and used to pay for video and audio content, marketing and advertising by users, creators and advertisers. You can also earn BeatzCoin through airdrops, bounties, content creation, publishing, promotion, sales, rentals, events, event tickets, fan merchandise, tips, crowdfunding donations and staking. 

BeatzCoin was endorsed by the famous blockchain influencer John McAfee, who is an outspoken member of the team. They have recently completed the private beta test and will launch the app publicly as early as July 31st.

Making money is now easy, but remember, just because you made a lot of money doesn’t mean you know how to spend or invest it well. Do not lose faith because you’re struggling with platforms such as YouTube, there is an alternative, VibraVid. Continue making great content, continue positively influencing people’s lives, but get what you deserve, be a pioneer with VibraVid.

For more information please direct to our official pages: 

Website | Whitepaper | Artist Accelerator | Bounty Campaign | English Telegram community more than 19,300 members | Korean Telegram Community with  835 members | Twitter | YouTube | Facebook | Discord | Reddit | Ann Thread

Disclaimer: This is a paid press release. 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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