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Abra Simplifies Cryptocurrency Investing With New Crypto Index Accessible To Everyone, Everywhere

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Bitwise 10 Crypto Index Token

SAN FRANCISCOOct. 3, 2018 /PR Newswire/ — Abra, the first and only all-in-one cryptocurrency wallet and exchange, today announced the ability for anyone, anywhere to invest in BIT10, a new token that tracks the professionally-managed Bitwise 10 Large-Cap Crypto Index through a partnership with San Francisco-based Bitwise Asset Management, the leading provider of cryptocurrency indexes.

The Bitwise 10 Crypto Index Token (BIT10), listed exclusively on Abra, gives investors a simple way to get exposure to a set of the 10 largest assets that currently make up 80% of the cryptocurrency market. This set is screened according to Bitwise’s rigorous and transparent index methodology, which ensures assets meet liquidity, security, and robustness requirements. Each month, the set of 10 coins is rebalanced by Bitwise, adding and removing coins to adjust to the constantly changing market.

Starting today, anyone around the world can invest in the new BIT10 token through the Abra app. There’s a low $5 minimum, no restrictions on when you can buy or sell, and no fees on transactions. The BIT10 gives retail investors a simple way to benefit from the diversification and rebalancing of index investing.

“We created the BIT10 token to allow greater access to cryptocurrency investing by making the experience simple and accessible,” said Bill Barhydt, Abra Founder and CEO. “Through partnerships like this one with Bitwise, Abra has created an unprecedented opportunity for the everyday person to start investing in crypto.”

“Index investing is extremely popular in stocks, bonds, and crypto because it gives investors diversified exposure without having to constantly monitor news and try to predict which assets will be most valuable,” said Bitwise CEO Hunter Horsley. “So far in the crypto space, index investing has only been available to institutions and accredited investors. We’re thrilled for that to be changing today with the BIT10 on Abra, which is available to anyone.”

How BIT10 Token Works

BIT10 is only accessible through the Abra app. The cost of each BIT10 token reflects the value of the 10 coins in the index. Like other cryptocurrencies, BIT10 can be purchased in fractional amounts, so investors can decide which amount works best for them and enjoy low minimum buy-ins ($5).

The price of each BIT10 token is based on a real-time price feed of the Bitwise 10 Large-Cap Crypto Index provided by Bitwise. The methodology of the index is publicly available to read and is actively maintained by Bitwise. The composition of the assets in the index, and subsequently the exposure of the BIT10, is rebalanced on a monthly basis in accordance with the methodology’s rules which include a variety of requirements related to liquidity, security, and trading volume. The composition of BIT10 will be published on Abra and will reflect the monthly rebalancing update of the index by Bitwise.

AbraUsing Abra’s successful stablecoin model on the backend,  BIT10 positions are held in multi-signature smart contracts on the Bitcoin or Litecoin blockchain. Once invested, Abra and the user are entering into a smart contract that effectively pegs the asset invested  (either fiat currency or cryptocurrency) to the same amount of BIT10 tokens. Abra will get a real-time price feed from Bitwise Asset Management (again according to their published methodology) and the BIT10 investor will see the market up or down reflected in the price of their BIT10 tokens.

This method of using smart contracts to peg asset values to one another is a proven technology that is what currently powers the backend of the Abra app. Now, instead of trading fiat currency for cryptocurrency or for other synthetic currencies, BIT10 investors can use the same technology to easily invest in larger portions of the crypto market, all through one crypto asset.

Another big advantage to Abra’s technology is that it is all based on a non-custodial wallet, which cuts out the need for third parties and gives the user more control.

How to Invest in BIT10

Getting started with Abra is easy. Simply download the app from the Google Play or Apple Store and set up an Abra wallet. From there, users can fund the wallet via bank transfer, credit card or other crypto assets to get started. Once funds have been added, start investing in BIT10 or any of Abra’s 28 supported cryptos.

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.*

Press Releases

AI and Blockchain Technologies to Establish Innovative Smart Working Environments

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Sensitrust

Before the Covid-19 pandemic, smart working was still a niche paradigm adopted by few software startups, freelancers, and nomad workers. Despite the unfortunate consequences of Covid-19 in the worldwide economy, the mainstream adoption of smart working as a de-facto paradigm in the job market, let many professionals appreciate its benefits, such as the flexibility, as well as the reduced commute and costs, and a more balanced lifestyle.

Even after Covid-19, the revealed potential of smart working will impact many organizations, which will potentially evolve their business towards a hybrid model with a new schedule for professionals that blends physical and smart working. 

Sensitrust aims to push Smart Working to the next level by exploiting Blockchain and Artificial Intelligence technologies to create a smart working platform where customers and professionals can safely interact and make deals.

The Sensitrust platform will provide new mechanisms to facilitate smart working, and allow the development of products and services by means of the definition of a decentralized team.

Sensitrust

The platform will provide innovative safety measures and regulations based on AI and smart contracts to provide a secure and effective environment for the development of complex projects.

Sensitrust will support three main scenarios, namely the possibility to hire professionals from a catalog, the participation to an activity as a professional and the so-called “Call to action”, that is an innovative way to build a decentralized team to implement complex projects.

In all three scenarios, the AI engine will play an important role, since it will improve the efficiency, the effectiveness of the working practices, and the safety of negotiations and transactions in a decentralized environment.

Sensitrust 2

In particular, the AI engine, in addition to the customer and a set of external reviewers, will provide feedback on the quality of the work performed by professionals. After the work is approved, the professional will receive the agreed compensation.

While seeking for job opportunities, the AI engine will suggest the available activities, according to the verified skills of each professional. This “guided” approach aims at improving the success rate since it provides professionals with activities that better match with their true expertise.

Moreover, in the Call to Action, the AI engine will provide significant help in the customization of project campaigns to stimulate the active participation of in-platform professionals interested in the design and development of a product or service.

Finally, all the activities performed in the platform will be regulated by Smart Contracts: agreements, quality and temporal constraints, checkpoints and multiple revisions will be governed, in a decentralized, immutable, and certified manner.

SETS Token

SETS is the Sensitrust token that will be seamlessly integrated into the platform and allow users to access the platform services at a discounted price, such as:

  • Access to more qualified professionals (as a customer)
  • Access to more job opportunities (as professional)
  • Advertising opportunities
  • Advanced platform consultant, based on both AI and human experts
  • Stronger guarantees on products and services
  • Access to in-platform training material
  • Membership Subscriptions (all-inclusive packages)

Once the platform is launched, the token value considered to buy in-platform services will be the market price. For this reason, purchasing tokens during the token sale gives the unique opportunity to benefit from a value appreciation right after the token sale. Moreover, participants to the token sale will benefit from the exclusive advantages, including the early access to the platform functionalities and the free access to premium features during the initial stages of the platform launch.

SETS Tokens can be currently purchased through the official platform website: https://www.sensitrust.io at an exclusive price of 0.08€ /SETS, through Ethereum, Bitcoin, Litecoin, Tron, USDT (ERC20) and Bank transfer. Do not miss this opportunity!

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to any company, product or service mentioned in this article. 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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Press Releases

BLOCKDeFi Virtual Conference & Exhibition 2020 Is Live on September 12-13

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BLOCKDeFi

Dr. Obiageli Ezekwesili, Senior Economic Advisor, Africa Economic Development Policy Initiative (AEDPI), is to keynote the upcoming BLOCKDeFi2020 Virtual Blockchain Conference scheduled to hold from the 12–13 September 2020 on the 2D Airmeet platform.

Dr. Ezekwesili was Vice-President of the World Bank’s Africa division and is former Nigerian Minister of Education, Minister of Solid Minerals, and a Presidential candidate in Nigeria’s last general elections. She has been a strong advocate of due process, transparency, and accountability in governance, of which she sees blockchain technology as a necessary tool for Africa’s economic transformation.

Opening time: 10:00 AM WAT

BLOCKDeFiThe conference – organised by Blockchain Nigeria User Group – is designed to bring attendees the best industry experts and thought leaders, insightful discussions with unique networking opportunities in a virtual world. Recall that #LagosBlock-DeFi:2020 previously scheduled to hold physically last May was postponed due to COVID-19 restriction guidelines. #BlockDeFi-2020 will now hold as a global technology event on a 2D interactive virtual environment.

The conference agenda is “Unpacking Blockchain and the potentials of alternative, open trustless finance in building the foundations of financial self-sovereignty in Africa!”

Conference tracks will focus on blockchain protocols making significant impacts, layer 2 technologies of Bitcoin — Lightning Network, Ethereum layer 2 scaling solutions, distributed filesystem, and other decentralised web technologies.

“We believe that Africa needs blockchain technology, more that blockchain needs Africa! “-Chimezie Chuta, Founder/ Coordinator Blockchain Nigeria User Group.

Also confirmed are, Elizabeth Stark, CEO and Olaoluwa Osuntokun, CTO both Chief Executives at Lightning Labs, Christian Roesch, Head Africa Operations, at Kinesis Money, Ali Hussein Kassim, Co-Founder & CEO at Kipochi, Nairobi Kenya, Emomotimi Agama, Deputy Director and Head Registration, Exchanges, Market Infrastructures and Innovation Department at SEC Nigeria, Carmelle Cadet, founder & CEO, EMTECH, and several others as speakers and keynotes for the conference.

Paxful.com is the main event Sponsor, with premium support from Binance.com, Tezos Foundation, Kinesis.money, Conflux Network, and FTX.com.

This is the 9th edition of the national blockchain conference series that has been held across Lagos, Abuja, and Port Harcourt since 2017 by Blockchain Nigeria User Group!

It will be a two-day event content-packed event covering; Keynotes, Presentations, Panel discussion segments, Networking, and product Exhibitions.

The conference is free, but registration is required via https://www.airmeet.com/e/9c836320-e93b-11ea-8616-b3016fb86143

Conference Tracks include:

The Good, the Bad, and the Ugly sides of DeFi, Inside the Crypto-Traders Locker-room!, Shielding yourself from CryptoScams and fake DeFi products, The Rise Of CBDCs and its impact on the emerging decentralised future, etc.

Who Should Attend?

Everyone!

The event is expected to connect entrepreneurs, developers, liquidity providers, finance advisors, Bankers, different blockchain node operators, academics, investors, economists, regulators, and others who are looking to learn and network in the blockchain & decentralised finance industry and explore the current opportunities and challenges in the space.

More information about the event and the organisers can be seen on https://blockchainnigeria.group/.

About BNUG

Blockchain Nigeria Group

BLOCKCHAIN NIGERIA USER GROUP is a vibrant group of Blockchain and Cryptocurrency developers, enthusiasts, and investors helping to drive adoption and awareness of the Blockchain industry in Nigeria and across Africa. The objective of Blockchain Nigeria User Group (BNUG) is simply to create a pro-innovation environment for the industry, meeting the growing global demand for accessible, transparent, and democratic financial and technical systems. Blockchain Nigeria User Group is a sub-set of Organisation of Blockchain Technology Users (OBTU) a duly incorporated Trust with CAC, and an association upholding Self-Regulatory Organisation (SRO) status for the Blockchain Industry in Nigeria and across Africa.

Join the group on Facebook.

Join the group on Telegram.

Disclaimer: This is a press release. Readers should do their own due diligence before taking any actions related to any company, product, or service mentioned in this article. 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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Scalable Proof of Stake Coin PIVX Now Available for Staking on HolyTransaction Exchange

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HolyTransaction Exchange

Proof-of-Stake (PoS) concept is taking off in recent times as crypto projects are looking to cut down on the issues related to the traditional Proof-of-Work (PoW) approach used by Bitcoin and other major cryptocurrencies. Ever since Ethereum announced to move to the POS approach, there is increased interest around the sector as a valid alternative. This is fundamentally a paradigm shift happening in the industry and new players are eager to start with PoS from the start rather than starting with PoW and having to migrate to the former in the future.

Introducing PIVX on HolyTransaction Exchange

best PIVX wallets

Private Instant Verified Transaction (PIVX) is a cryptocurrency protocol with a native coin of the same name. The cryptocurrency can now be owned and staked on HolyTransaction, a popular cryptocurrency exchange with a strong resolve to provide the complete blockchain experience and capabilities to each user.

Normally, cryptocurrency exchanges have complete control over the funds of users and thus, they don’t have the flexibility to offer services like staking for more returns. Staking is basically a feature of the PoS mining approach in which users lock their funds for a limited time and then earn rewards on them like one does as interest on a bank account. This feature has been missing in the cryptocurrency industry for a while and a person’s total wealth doesn’t increase with time and rather remains stagnant.

PoW vs PoS

PoW uses a different approach in which energy-intensive computing machinery is used and participants are rewarded based on the sheer power of their dedicated resources. Many people believe this is unfair as new miners have to constantly dump new coins to remain afloat.

In PoS, on the other hand, a fixed amount is locked into place like a fixed deposit account and one earns mining dividends on it. This automatically creates a choked supply of the cryptocurrency for the investors and encourages users to lock more and more coins in place and earn staking rewards. This is one of the reasons why many smaller projects are looking to either migrate to PoS mining or start with it from the very beginning. It is less energy-intensive and arguably fairer than the PoW approach.

HolyTransaction’s Staking Services

HolyTransaction wallet is now offering various PoS coins on its official exchange platform. While coin exchangeability is often offered readily by exchanges, they don’t offer the full experience because of their limited functionalities.

With HolyTransaction, one can not only own these new up-and-coming cryptocurrencies they can also have complete access to them in addition to having access to staking features.

PIVX Features

PIVX, exclusively available on HolyTransaction has the following key features:

  1. Privacy Protocol to help make anonymous transactions.
  2. Fast network and transaction times.
  3. Low Fees
  4. Energy efficiency due to the use of the PoS system
  5. Community-based development and future roadmap-based approach.

The current market capitalisation of PIVX is around $30 million with a price of $0.5. The total number of coins in circulation is 56,781,166.

Visit the official HolyTransaction exchange to buy/trade/swap and stake cryptocurrencies.

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to any company, product or service mentioned in this article. 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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