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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.*

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CURES Token – Addressing the Inefficiencies of Healthcare Landscape

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Cures Token

According to research, the healthcare industry is speculated to reach $9 trillion by the year 2020. With this progression, there has been a significant rise in the costs of healthcare services as well. Factors such as an increase in aging population, advances in medicines, rising costs, contribute to this looming crisis that healthcare domain presently deal. It has become imperative to take adequate measures to address the cost issues, or else in the coming year’s healthcare would be deemed as unaffordable in many countries, especially nations

CURES Token is an extensive healthcare ecosystem that has leveraged blockchain technology to address the aforementioned impediment and make quality care accessible to all. The fundamental objective of CURES is to streamline the global healthcare system and empower patients, healthcare providers, and medical equipment suppliers. To accomplish the same, it has extended six essential platforms that work towards streamlining healthcare services and make them effective and accessible to users.

Security Token Offering

’Electronic Health Records’ is one of the important platforms within the CURES ecosystem. The team is working to offer a profitable opportunity to its supporter where they will be able to maximise their returns. Additionally, the EHR platform will be supported by STO. Investors who will take part in the upcoming Security Token Offering can claim shares of the CURES Token and its profits. The profits will be rewarded to token holders participating in STO from dividends along with capital gains generated from the overall company’s growth.

Fundamental Platforms of CURES Token

The operations of CURES Token centres around six pillars that include:-

  • Electronic Health Records (EHR)

EHR enables patients to gain full control over their respective medical data, thereby ensuring easy access to medical consultations worldwide. Furthermore, it also helps in subduing stress in the healthcare centre by reducing long visiting lines of patients. Patients can also monetise their data and sell them to medical institutions for research and survey purposes. Additionally, the platform has leveraged blockchain technology to decentralise the data storing system, thereby ensuring patients of maximum security of their valuable data.

  • HAPP Store (App store for health apps)

Within this platform, users can access various health apps in order to help improve their overall well-being. Presently, the network has its ‘Vision – Software for the Colourblind’ app ready-to-be-purchased via CURES Token. It is being endorsed by various medical, educational and academic institutions. The app is also backed by globally reckoned organisations that include Ministries of Education and the European Parliament. 

  • Health Assurance Platform

This platform extends future contracts concept that covers both specific contracts and generic contracts. Health Assurance Platform enables Medical Service Providers (MSP) to offer their medicare services to patients at discounted prices, in order to gain a competitive edge in the marketplace.

  • Marketplace and Trust Review Platform

Before selecting a healthcare centre, patient today perform extensive research online to ensure safety, cost-effectiveness, quality, etc. Marketplace and Trust Review Platform has built a decentralised trust review system that verifies transaction through blockchain and enable only genuine and verified recipients of the healthcare service to post reviews.

  • Trading Platform

It is a sales channel for Medical Equipment Suppliers (MES) that enables them to sell products directly to hospitals, clinics, patients and other traders. This direct platform will eliminate the need for middlemen, thereby eliminating long supply chains and reduce product costs.

  • Charitable Trust Fund

It is a dedicated legal entity, which is financed by 5% of the token supply and voluntary contributions of token users. It acts as a funding instrument for charitable projects in order to develop the healthcare systems in remote regions.

CURES Token – Extending a Decentralised Healthcare System

CURES TokenWith an aim to make healthcare services effective, affordable and accessible, CURES Token has created an extensive ecosystem based on blockchain technology. By decentralising the core operations, the ecosystem has allowed healthcare centres to extend quality and affordable medical care services to patients in unique and innovative ways.

CURES Token is offering up to 20% bonuses for every contribution. Participate Here

Invite-a-friend for weekly ETH rewards: Participate Here

Stay tuned for updates:

Website | Telegram | Twitter | Facebook | Instagram |Linkedin | Bitcointalk

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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Press Releases

Announcing CoinFest Nigeria 2019

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CoinFest Nigeria 2019
Images by CoinFest

A two-day event bringing together hundreds of bitcoin and blockchain advocates in Nigeria and across Africa. CoinFest is a global cryptocurrency conference that is held simultaneously in the same week across different cities around the world to celebrate cryptocurrency.

CoinFest Nigeria 2019 is scheduled to be held on the 4th of April 2019 to the 5th of April 2019 and will be taking place in the city of Port Harcourt, Nigeria.

Promoting Cryptocurrency Adoption

Coinfest NigeriaThe CoinFest initiative was started in 2013 by some bitcoin enthusiasts in Vancouver, Canada, who saw the need to educate the growing numbers coming into the space as well as promote the adoption of cryptocurrency all around the globe.

Interestingly, Nigeria is one of the few African countries that are witnessing an increased interest in the area of blockchain and cryptocurrency.

With the growing numbers of investors, traders, developers, and entrepreneurs, CoinFest Nigeria has positioned itself as a platform that connects these people in ensuring that the potentials and opportunities in crypto and blockchain is being leveraged upon.

CoinFest was brought to Nigeria by Kayode Babarinde, an Associate Fellow of the Cryptographic Development Initiative of Nigeria (CDIN), with the aim of laying the path towards a Decentralized Nigeria.

2019 edition is set to be even bigger, as the conference is set to hold for 2-days, unlike the previous ones which held for only one day. There are not many conferences in Nigeria that focus more on cryptocurrency education; CoinFest Nigeria is one of those events you don’t want to miss at all.

Headline speakers who will be speaking at the event are; Professor Nii Quaynor, Director at Blockchain Academy, Ghana Dot Com Limited; Dr. Jane Thomason, Founder, Blockchain Quantum Impact; Oliver La Rosa, CEO, Globiance, and Chairman, European Chamber of Commerce for Distributed Ledger Technology and Crypto Currencies; Ernest Mbenkum, Founder of Cameroon Blockchain Business Council, and Founder of OASIS Africa Innovation; and Armand Ngueti, African Lead, Government Blockchain Association.

The event is packed with educative talks on crypto and blockchain, insightful panel discussions, product pitch, informative sessions, networking opportunities, and blockchain and cryptocurrency exhibitions, amongst other wide range of activities.

Attendance for CoinFest Nigeria 2019 is FREE but requires registration at the event page: https://www.eventbrite.com/e/coinfest-2019-tickets-53679533931 .

CoinFest Nigeria is further boosted with the overwhelming support of blockchain and crypto-focused initiatives; Cryptographic Development Initiative of Nigeria (CDIN), PwC, SureRemit, CryptoBates (UK), XendBit, Bitmama, Humaniq, and more. This year, CoinFest Nigeria is receiving leading supports from Government Blockchain Association, Genesis Block Africa, and Nigeria Blockchain Alliance.

For more information, sponsorships and exhibitions, contact +234 90 3487 3881, info@coinfestng.org.

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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Connect Coin – Bringing an Effective Change in the Global Payment System

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Connect Coin

The online mode of payment has enabled people across the world to pay and transfer funds easily, without the barrier of any geographical restriction. Within a digital transaction, consumers merely have to confirm the purchase and the payment is processed in no time. However, there are some critical pitfalls that keep people from harnessing optimum benefits out of electronic means of payment transfer.

Essential Setbacks Associated with Fiat Currency Transfers

  • Instability in Value of Fund

With passing years, the value of fiat money tends to depreciate, leading to inflation pressure because of higher import prices and increased export demands. It generates a critical issue for businesses with small capital and restricts them to be a part of the global market.

  • Lack of Exposure to Banking System

Even in this era of globalisation, merely 41% of the global population own bank accounts. More than half of the world population still cannot transact or trade beyond their physical boundaries.

  • Lack of Security

Fiat money transactions are always vulnerable to online fraud as the same card (debit or credit) can be used by anyone to make payment without adequate authorisation. Additionally, to complete an online transaction, users have to submit their personal information, thereby increasing the chances of identity theft.

CITL- Aiming to Transform the Global Payment System

Connect CoinCryptocurrency International Tanzania Limited (CITL) is a private limited liability company located in the United Republic of Tanzania. The company intends to transform the existing global payment system and money transfer by allowing users to make payments using a single dedicated cryptocurrency. Additionally, the company has also addressed the precariousness associated with cryptocurrencies as well as fiat currency and integrated blockchain technology to develop a decentralised and stable token known as Connect Coin (XCON).

Connect Coin (XCON)

Connect Coin is a standard ERC-20 Ethereum-based coin developed with an objective to ‘Connect the World’ by simplifying the online mode of payment and money transfer worldwide. XCON envisions empowering merchants by rendering them secure, efficient and blockchain-based payment system known as Connect Pay to showcase and advertise their products and services. The company has developed an extensive global Connect Marketplace that enables consumers and merchants from around the world to participate in trading activities using Connect Coin.

Connect Coin Solutions

Connect Coin offers the following solutions to its buyers and sellers:-

  • Transfer at Lower Cost:

Blockchain technology enables Connect Coin to eliminate middlemen, who are primarily responsible for high transaction fees. With Connect Coin, users can transfer funds immediately at a lower cost.

  • Multi-Currency Mobile Wallet:

CITL offers multi-currency wallet that allows cryptocurrency users to store crypto-tokens, exchange cryptocurrencies, and execute real-time fund transfer.

  • Transparency in Transactions

Blockchain’s confirmation mechanism along with transaction recording system does not allow users to double book or double spend and ensures that the entire process is organised and transparent.

  • Maximum Data Security

Within blockchain, transaction order is completed by dividing it into blocks and connecting those blocks into a chain. This helps in avoiding the chances of data tampering in the transaction process and guarantees optimum security.

Connect App

Connect App enables users to deposit, send, and receive Connect Coin from other users in real-time. The app also facilitates users to pay for goods and services to merchants worldwide who accept Connect Coins. Through this app users will be able to:-

  • Safely store their purchase coins
  • Obtain flexible and easy way to use their acquired coins
  • Enjoy low fee transactions
  • Pay for goods and services seamlessly 

Connect Coin – Making Online Payment Hassle-Free for Users

CITL is a private limited liability company that aims to revolutionise the global payment system and make it more efficient and secure for users. It has developed a dedicated token, denoted as Connect Coin that allows users to buy and sell products and services from any part of the world using this single coin. Additionally, the integration of blockchain further ensures that the fund transfers are executed efficiently, transparently, and securely.

Learn More about Connect coin on  https://connectingcoin.io/

Telegram : https://t.me/CONNECTCOIN

Facebook : https://www.facebook.com/connectingcoin

Twitter : https://twitter.com/connectingcoin

Instagram : https://www.instagram.com/connectingcoin/

Youtube : https://www.youtube.com/channel/UCpOMai74r0oMTwHKFzXHdTw

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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