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Oneiro Launches ndau, the World’s First Buoyant Coin Optimized for Long-term Store of Value

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BOSTON, MA — September 13, 2018 — Backed by COSIMO Ventures, Oneiro NA Inc. has announced the launch of ndau, the world’s first buoyant digital currency optimized for the long-term store of value. Oneiro completed its equity round from COSIMO Ventures earlier this year and has successfully sold privately nearly $15 million of ndau to date. Unlike stable coins, ndau is not pegged to fiat currencies or commodities. Rather, incentives and economic controls are built into the design of the ndau blockchain in ways that improve on both digital predecessors as well as traditional non-digital currencies. ndau features innovations which seek to provide a combination of digital governance, reduced volatility, value appreciation potential, and long-term dependability not found in existing cryptocurrencies.

Jim Kent, CEO of Oneiro, said: “While other cryptocurrencies have achieved an impressive rate of growth, their volatility has presented a barrier to mainstream adoption, warding off many institutional and retail investors from entering the market. In order to move towards acceptance of a decentralized digital monetary system, we must address the problems of governance, stability, and dependability that limit wider acceptance of cryptocurrencies, especially for a long-term store of value. We are thrilled to have built a truly resilient, global digital currency that will address these issues.”

ndau was initially formulated by the ndau Collective, a group of over 20 leading experts from world-class institutions including MIT, Columbia University, Carnegie Mellon, New York University, University of Chicago, and Goldman Sachs and who specialize in disciplines ranging from economics and monetary policy to cryptography and computer science. Typical stable coins are largely pegged to other currencies or commodities and are therefore subject to the influence of institutions that may not prioritize the interests of long-term holders. This leads to inflationary policies that erode value over time. By contrast, ndau, is governed by the Blockchain Policy Council (BPC), a group of digital delegates continuously elected by ndau holders that are held accountable to the interests of the entire ndau ecosystem.

While stable coins have features to push against price drops relative to fiat currencies, they are also limited in their ability to increase in value over time, making them a less optimal choice for long-term value storage compared to traditional assets. The BPC’s monetary policy fosters a pro-growth environment for the value of ndau while mitigating its downside volatility.

Ken Lang, a technology pioneer and an early member of the ndau Collective said: “When a group of early bitcoin enthusiasts came together a few years ago to map out the biggest limitations to wide adoption of cryptocurrencies, it was clear that those looking to use crypto for long-term value storage had problems that weren’t being addressed. ndau was created as a solution to these problems. The ndau Collective designed an ecosystem of decentralized participants and roles that use built-in incentives, checks, and balances to align interests properly and to protect the interests of all ndau holders fairly.  These participants and roles, such as market makers, delegates, and endowment managers, work together to promote price stability without limiting growth – making it a better fit for long-term value storage.”

ndaundau has economic incentives built into its ecosystem to encourage market interactions between ndau holders that tend to stabilize its price. ndau holders are rewarded based on duration of holding, ensuring that those holding it for its intended purpose are well served. ndau’s monetary policy automatically responds to market conditions in real time, releasing new ndau for sale from the endowment only when demand warrants, and according to a public schedule of target prices that rise exponentially over time. Proceeds from ndau sales flow into an endowment of assets, which serves as a source of liquidity to support ndau monetary policy. During market downturns, excess supply of ndau are taken out of circulation through both algorithmic mechanisms and by market makers, who buy back ndau at a dynamic floor price – similar to how central banks conduct open market operations, except more decentralized.

Robert Frasca, Managing Partner at Cosimo Ventures, said: “COSIMO Ventures is a team of highly experienced former entrepreneurs who invest in the tech space, and we currently focus on blockchain projects that have something really unique to offer. We surveyed the landscape of cryptocurrencies, and we invested in Oneiro because the ndau coin is leveraging blockchain technology to create a really groundbreaking buoyant currency. ndau challenges many of the assumptions held by current cryptocurrency thought leaders today, especially in the realms of digital governance and combining value growth with stability.”

The buoyant nature of ndau positions it as ideal for individual investors, institutions, and businesses alike looking to diversify into an asset that rewards long-term holding. In addition to ndau’s dynamic “guide rails” on price, further economic mechanisms automatically apply in every standard ndau blockchain transaction, providing “buoyant” market forces that dampen downside volatility and instead push upwards. The built-in incentives and economic structure of the ecosystem position ndau to better meet the needs of long-term crypto holders who want their investment to both mitigate volatility and appreciate in value.

For more information on ndau, please visit ndau.io.

*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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Mint Exchange is Live Now for Institutional Trading of Cryptocurrencies

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PALO ALTO, California (November 14, 2018) – Today, Mint Exchange, launched publicly as the world’s first cryptocurrency clearinghouse, providing access to all major exchanges, brokers and market makers through a single account.  Mint Exchange allows institutions to trade across all major cryptocurrency exchanges providing access to the most liquidity at the best price all while keeping capital in a secure institutional environment.  Many of the top global FX brokers are already trading cryptocurrencies on Mint Exchange.  With this public launch, Mint Exchange welcomes the participation of all qualified institutions.

Mint Exchange“We’re addressing an enormous unmet need in the growing cryptocurrency market,” said Harpal Sandhu, Chairman of Mint Exchange. “FX brokers, asset managers, and institutions have largely remained on the sidelines of the cryptocurrency market waiting for a trusted partner to deliver a robust, professional-grade exchange.  They expect to manage their crypto trading in one secure location.  That’s what Mint Exchange offers.”

Mint Exchange is built on the award-winning Integral FX platform that processes over $40 billion/day in fiat currency trading. Using this innovative, proven technology Mint Exchange improves the overall efficiency and adds stability to the cryptocurrency ecosystem opening cryptocurrency trading to global brokers and financial institutions.

“As a provider of institutional grade market making and execution services, we needed an institutional grade technology partner,” said Todd Morakis, Co-Founder and Partner of JST Systems in Singapore. “Working with Mint Exchange, we are now able to offer the liquidity, stability and security necessary to provide the level of service our customers expect.  As more institutional players enter the crypto-asset market, liquidity providers need sophisticated technology and risk management tools to service their needs.  Mint Exchange was the first to deliver a complete solution that also includes robust security and custody.  We’re proud to be one of the launch partners and we look forward to scaling our business together.”

Mint Exchange is available now for brokers and institutions. For additional information, visit  https://www.mintexchange.io

Disclaimer: 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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HashCash is Set to Enter the Kenyan Private Sector with Blockchain Solutions

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SAN FRANCISCONov. 12, 2018 /PRNewswire-PRWeb/ — Silicon Valley-based software development company, HashCash Consultants, is in talks with a new crop of entrepreneurs in Kenya for collaborations on tech-heavy projects. The operations are expected to hit the floor in the first quarter of 2019.

The objective of the project is to strengthen the infrastructure of the agricultural sector with optimized logistics. According to its contribution to the East African country’s GDP, this sector is the backbone of the Kenyan economy. It accounts for 25% of the Gross Domestic Product (GDP), 65% of total exports, and more than 18% of formal employment. However, this sector has its share of challenges, and the primary cause behind dwindling food reserves has been identified to be post-harvest wastage. The loss is close to a daunting 50% of the produce.

The implementation of blockchain will provide a decentralized distributed ledger to record data that represent the quantity and quality of crops harvested, transported, and sold. The difference in statistics updated at every stage of the supply chain will facilitate a more accurate calculation of post-harvest loss and narrow down the problem areas in the infrastructure. This record will be a highly reliable one because the encryption with which the data are protected is near impossible to hack. Therefore, the blockchain ledger will cancel out all possibility of manipulated reports and corruption.

The Kenyan private sector is steadily looking to incorporate technological innovations to provide more efficient products that are easy to implement across industries. Blockchain has emerged as a favorite, largely due to the efforts by the Kenyan government to utilize it for transparency in votes during their recent elections. This has clearly fortified trust in the technology.

Hashcash ConsultantsHashCash Consultants, besides customizing blockchain solutions to meet the specific needs of their clients, also bring an option for better funding for these projects. The process of raising adequate funds to power ideas focused on agriculture is a difficult one, as the industry does not excite traditional venture capitalists. The route of ICOs provided by the blockchain company is a quick and easy alternative to accrue capital for the entrepreneurs without having to divest any part of the ownership rights of their company.

About HashCash Consultants

HashCash Consultants started as a Blockchain Consulting Company in California. Today, HashCash products enable enterprises to move assets and settle payments across borders in real-time using HashCash Blockchain network, HC NET. Financial Institutions use HC NET for Retail Remittances, Corporate Payments, Trade Finance, and Payment Processing. HashCash also runs the US based cryptocurrency exchange, PayBito and the leading Cryptocurrency payment processor, BillBitcoins. HashCash offers cryptocurrency exchange and payment processor white label solutions, comprehensive ICO services and customized use case design and development. HashCash propels advancement in the field of blockchain through the Blockchain1o1 program and its investment arm Satoshi Angels.

Disclaimer: 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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iHub: The First Tokenised African Tech Accelerator

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Dubai – 8 November – Kenyan innovation hub and tech accelerator iHub announced today at the ALN Africa Investment Conference in Dubai that it is partnering with Raise, a Bahamian and Kenyan technology company that has developed a company ownership platform to manage compliant digital securities in frontier markets. Built using blockchain technology, Raise will work with iHub to digitise all of its company assets – making iHub the first tech accelerator to take such a step in Africa, and this partnership the first publicised instance of a tokenised asset on the continent.

RaiseRaise CEO and co-founder Marvin Coleby also demonstrated the platform at the event, which serves to provide a platform for dialogue on critical commercial and policy topics with the objective of spurring investment into Africa. It draws on speakers from ALN’s network of leading corporate law firms in 16 African jurisdictions as well as key policy and investment organisations like the US Trade and Development Agency, Dubai Chamber of Commerce and Industry and the Brenthurst Foundation.

“iHub is committed to making it easier for our community of start-ups and entrepreneurs to raise the capital they need to grow their business,” says Nekesa Were, iHub, Managing Director. “The Raise platform promises to radically transform how businesses raise money and we hope this will lead the way for more start-ups in our community to follow suit.”

“The iHub has worked with 300+ startups, in various sectors including fintech, agritech, edutech, AI & IoT, health, infrastructure, logistics, and many others,” she adds, “and has supported businesses through grants funding totalling more than USD 300 000. The startups in iHub’s portfolio have raised over USD 40 million in early and growth stage financing, and a further USD 1 million in grants. The number of jobs that have been created has exceeded 40,000 in the last five years. With an average annual revenue of USD 350,000, the iHub startups have an economic impact of more than USD 104 million. We look forward to working with Raise to bring further value to the iHub community.”

Says Coleby: “Raise aims to make it easier to digitally manage and trade corporate assets by providing a compliant way to securitise assets using blockchain technologies. We’re excited to partner with iHub to create their security tokens and look forward to the future of creating more accessible and liquid private markets for investors with the use of blockchain-based digital securities in frontier markets.”

“It makes absolute sense for iHub to take this step,” he adds, “as it has been a major catalyst for regional technology innovation in East Africa, nurturing one of the most vibrant innovation and entrepreneurship ecosystems on the Continent. iHub aims to create an environment of trust and experimentation and in this case it is leading from the front by securitising its assets on blockchain technology.”

Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned 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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