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Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF

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Mercuriex

MercuriEx Cryptocurrency Exchange, originally developed in 2017, came under new ownership in December 2019. Since taking over the exchange, the new owners, London-based SurfTheWeb Ltd, have started to take steps towards expanding operations to a global userbase, as outlined in their Whitepaper and Roadmap.

As part of their plans for expansion, they have developed a new Exchange Utility Token (an E.U.T.) called SurfExUtilityToken (SURF) and have employed the services of LATOKEN to host their initial exchange offering for SURF token. The IEO officially opens on 23rd March 2020. LATOKEN is one of the world´s largest cryptocurrency exchanges and arguably one of the most successful launchpads for company IEOs and token sales.

As above, the Surf Token IEO officially opens to the public on Monday 23rd March. As a special offer, SurfTheWeb Ltd has arranged with LATOKEN to give a massive 50% discount to LATOKEN users who purchase SURF in the first week of the IEO. The IEO is due to end on 24th April 2020 (or before if all SURF tokens are purchased before the closing date).

As stated on the LATOKEN landing page for the SURF IEO, all funds raised from the upcoming sale will be used directly for expanding operations of the exchange, including hiring and training new support staff globally, obtaining global licenses, improving and expanding the exchange infrastructure, providing market liquidity support services and more.

According to the SurfExUtilityToken Whitepaper, SURF will be integrated into all levels of the exchange, allowing exchange users to pay trade-fees with SURF as well as earn SURF through referral commissions, giveaways, and competitions hosted by the exchange owners in the future.

SurfTheWeb Ltd has also stated that it will be accepting SURF as a form of payment for services on the exchange, such as listing new coins and hosting IEOs for other companies and crypto developers.

MercuriexExchange Utility Tokens are not a new idea. In fact, we have seen several exchanges create their own unique exchange tokens in the last few years. Some of these exchange utility tokens have been extremely successful in terms of monetary gains, with some increasing in price as much as 40,000% between launching and all-time highs (ATH). However, for the exchanges themselves, these tokens represent much more than monetary gains, these tokens can help to foster loyalty with the exchanges users directly, who will opt to stay and trade on an exchange when the token offers them an edge over another exchange where they perhaps not have the ability to get discounted trade fees.

Mercuriex Exchange users who opt to pay their trade-fees with SURF can receive very generous discounts on their trade-fees, on market-orders this will be 50% discounts on trade-fees, but users will also have the ability to gain 0% (Zero percent) trade-fees for limit orders (limit orders are orders placed onto the order books, as buy orders of sell orders), if the user maintains a specified amount of SURF tokens in their Exchange Account.

As outlined in the SURF Whitepaper, the allocation of SURF token is as follows, further details can be found below;

  • Max Supply; 250,000,000 (100%)
  • Exchange Reserve; 100,000,000 (40%)
  • Public Distribution; 75,000,000 (30%)
  • Exchange Staff Wages; 25,000,000 (10%)
  • IEO Sales; 50,000,000 (20%)

The Exchange Reserve is an emergency fund. SurfTheWeb Ltd has said there are no plans to access this reserve unless in an emergency situation. In December 2020 they will start to verifiably burn 10 million SURF tokens per month until all 100 million reserve tokens are destroyed, this will effectively reduce the total supply to just 150,000,000 SURF Tokens.

Public Distribution of 75 Million tokens will likely take 3-4 years to be fully distributed to exchange users. The distribution will take the form of sign-up bonuses, referral commissions to users who invite others to trade at the exchange, giveaways, and competitions.

Exchange Staff Wages 25 Million tokens. This fund has been allocated to pay the wages to exchange staff members until such time that the exchange is fungible, after which time this fund will be used as incentives and bonuses to staff members.

IEO Sale of 50 Million tokens. 5 Million Tokens are being sold in Pre-Sale and 45 Million tokens will be sold in the public IEO hosted by LATOKEN starting Monday 23rd March 2020.

As stated on the LATOKEN IEO landing page, the Mercuriex exchange is built from the ground up, meaning there is massive scope and versatility for expansion and growth, this is not a turn-key or white label exchange. The exchange supports high-volume / high-frequency trading and employs a clutter-free simplified user interface.

Sign up to join the SURF token IEO at LATOKEN

You can also stay up to date with the latest news by joining the official exchange Telegram channel and checking the Surfex website where there is a News & Updates section, and of course, sign up to the Mercuriex Exchange where you can currently access 0% (Zero percent)  trading until the end of March 2020.

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. 

Press Releases

Next-Generation P2P Trading Platform, CryptoLocally, Now Supports ETH, USDT (ERC-20), and DAI

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CryptoLocally

CryptoLocally, a next-generation peer-to-peer (P2P) trading platform, has recently announced the support for Ethereum-based tokens. With this announcement, the first Ethereum-based digital assets to be added are Ether (ETH), Tether USDT (ERC-20), and DAI. This is part of CryptoLocally’s ongoing effort to give its customers the very best trading experience, offering its customers the most exciting and relevant crypto assets in the industry. In a very short period of time CryptoLocally has established itself as one of the leading P2P trading venues.

The Ethereum Blockchain

The Ethereum Blockchain hosts many if not all of the biggest and most relevant decentralised finance applications, emerging as the leading platform for DeFi applications. This is not a surprise as Ethereum has always been a market leader in token issuance and smart contracts, both important elements in the realisation of DeFi.  With the imminent release of ETH 2.0 which upgrades the blockchain to scale to mass adoption, the CryptoLocally team has added Ethereum to its next-generation P2P trading platform. Ethereum joins the growing list of high-performance blockchains already traded on the platform.

Why ETH, USDT (ERC-20), and DAI?

ETH is the native coin on the Ethereum blockchain. Currently, it is the second-largest crypto based on market capitalisation, only behind Bitcoin (BTC). Once ETH 2.0 is released, holders will be able to participate in consensus activities by staking their  ETH to help secure the network and get rewarded accordingly.

Tether (USDT ERC-20) is the leading Stablecoin in the industry. The ERC-20 variant of USDT accounts for more than 60% of all issued USDT with over $6 billion USD worth of Tether issued. This is twice as much as the next biggest variant of TRC-20 USDT which stands at around $2.88 billion USD worth of Tether. Currently, Tether is the 3rd largest cryptocurrency by market capitalisation just behind ETH.

While it is only the third-largest cryptocurrency, it ranks first in terms of daily trading volume. Launched in 2014, Tether was the first stablecoin created in the industry.

DAI is a collateral-backed decentralised stablecoin. Like Tether, the DAI is pegged to the U.S. dollar (USD). However, unlike Tether and other stablecoins relying on a 1:1 US dollar backing to maintain its value, DAI maintains its peg through over-collateralisation with cryptocurrencies such as ETH and more recently BAT. In simple terms, DAI maintains its peg to the U.S. dollar through a mechanism interacting with supply and demand.

Trading In CryptoLocally

CryptoLocallyCryptoLocally is a trusted provider of peer-to-peer (P2P) digital asset marketplace with no intermediary. It houses one of the industry’s most comprehensive payment methods not even seen in more established and well-know trading venues. People can meet in person, send a bank transfer, or use the various payment processors— all of which the buyer and seller decide to use. These are all done securely under the protection of CryptoLocally’s revolutionary smart contract escrow system.

CryptoLocally offers one of the fastest and easiest onboarding processes in the industry. A valid E-mail address is all you need to register an account. New users can find themselves trading minutes after registration as KYC (know-your-customer) is not required. Once registered users can immediately start trading in CryptoLocally, no prior experience required. Online assistance is available through the website’s integrated live webchat or through CryptoLocally’s community Telegram channels.

Trading Ethereum-based digital assets will follow the same simple and easy trading process that the CryptoLocally is known for. Existing users will just have to select the desired ERC-20 cryptocurrency they wanted to trade. Like all the digital assets traded in the platform, ETH, USDT, and DAI are all protected by a blockchain-based escrow service that protects transactions all throughout the entire trading process.

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

DeepTradeBot: the Innovation of Large Companies At Your Service

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deepTradeBot

The world has evolved enormously in recent years, and the world of investment and speculation has been no stranger to this evolution. Currently more than 40% of the operations carried out in the main world stock exchanges are operated by automatic robots (according to the digital newspaper lainformacion.com).

The cryptocurrency ecosystem was until recently an unexplored terrain for this type of operations, where the most that could be done was to automate some orders on the exchanges. That’s why DeepTradeBot has developed a series of complex AI and big data tools that will allow us to explore a whole new world of possibilities with little risk.

What is DeepTradeBot?

DeepTradeBot is a collection of automated trading tools developed by Deep Neuro Networks LTD, a London, England-based company dedicated to artificial intelligence and cloud computing.

 

Here we find the first advantage, we are dealing with a legal company, registered in a safe country within Europe. They have a contact telephone number (attended in English).

Why Are Trading Robots Useful?

The investment is based on analysing a large amount of data, designing a strategy, and then carrying out the actions that follow that strategy. This is something very easy to say, but very difficult to do.

First of all, we humans find ourselves with our limited capacity to process data (as an example, the main artificial intelligences have defeated the human being in disciplines of pure analysis such as chess). Secondly, human beings make mistakes derived from our emotions, which often lead us away from the method or make us perceive the data analysed in the wrong way. To these factors we must add fatigue, mistakes, and a long etcetera.

Therefore, trading robots are a perfect tool to help us achieve higher returns for our investment.

DeepTradeBot Key Features

DeepTradeBot will operate on major cryptocurrency exchanges in 24/7 format. To take full advantage of all the opportunities of AI, 4 types of robot actions are managed according to the market situation:

  • High-frequency trading. The robot scans the operations of the order book and anticipates their arrival on the market by being faster than the human being in executing the operations.
  • Trading arbitration. All quotations are analysed on all platforms to find opportunities to make successful trades without risk.
  • Algorithmic trading. The robot uses technical analysis and indicators to determine the next move in the price.
  • Trading supported by fundamentals. Another robot scans the news and social media sources like Twitter to detect investor sentiment and anticipate the rises that will be caused as a result of these movements in the information.

How Can I Earn With DeepTradeBot?

Earning by investing in DeepTradeBot is very simple. Its platform is designed to facilitate the entire process so that all we have to do is register, select the type of investment and the number of bots we want to put to work for us. And artificial intelligence will do the rest. In the following table we can see the options available right now on the platform.

Neurons are the unit that has been created to simplify the measurement of computing power to which we have access. It is obtained from relevant parameters such as the dedicated computing time, the number of layers of the dedicated neural network and the amount of connection resources dedicated to reading and sending the information.

It is very interesting to note that we have a free version that will allow us to test the platform, although of course it will be much less powerful than the other options.

More information and full contract conditions are available on its website.

But not only can we earn with the investment in bots, but it also has an affiliation system by which we can charge a commission for each of the users that we have recommended.

The latest from DeepTradeBot: the VIP Investor Club

DeepTradingBot never stops when it comes to innovating for the best return. So right now they are launching their VIP investor club.

To enter the club you have to pay a fee, which is not very high, but which will guarantee that everyone inside is committed to the project and is a person with vision and innovation.

What does VIP club membership entitle us to? As members of the VIP club we will enjoy:

    • Access to more and more powerful bots when we are acting as investors.

    • Improved membership fee, with higher percentages of earnings.

    • Extensive network of levels for MLM marketing experts.

    • Possibility of moving up in the organisation structure, unlocking new benefits and higher income.

So our earnings will be double, on the one hand the improved returns on investment with bots, and on the other hand the earnings derived from new affiliates that are incorporated by our recommendations.

Conclusion

If you are looking for an innovative investment service that allows you to obtain profitability passively and without complications, it is interesting to try this platform… It also has a free bot test!

Official Links

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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Trade Cryptocurrency in Africa with Overbit

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Overbit

Africa is the next frontier in the world of cryptocurrency. Though not overly popular, cryptocurrency is beginning to gain traction among Africans. Being an internet-based form of currency means that crypto is not geographically bound, and its transactions can take place anywhere in the world— with the focus being in Africa.

Bitcoin and its many other contemporary forms, known as altcoins, are gaining acceptability as ways of making payments across the continent. Suddenly, cryptocurrency trading doesn’t seem absurd, nor out of reach.

There are quite a number of derivatives trading platforms in the market, but none is quite like Overbit. A recently established trading platform that works based on derivatives, Overbit is an innovative take on leveraged trading. It also uses Bitcoin as the main underlying asset.

Cryptocurrency Trading in Africa with Overbit

Overbit Africa

Trading in the forex market in Africa is not unheard of, and plenty of people around the continent do it. Overbit, on the other hand, is a bold take on an existing forex trading system.

Overbit allows you to trade in indices and metals by using your Bitcoin. This cross trading is the perfect opportunity for clients who like to get out of the proverbial box and engage in cross-trading.

Overbit is the opportunity you have been waiting to get into cryptocurrency, especially if you already engage in the standard forex trading. 

Benefits of Trading with Overbit in Africa

  • With Bitcoin being the underlying asset to trade with, Overbit as a trading platform is spreading the “gospel” of the cryptocurrency age in Africa. Overbit is a learning experience and a doorway into cryptocurrency.
  • Because cryptocurrency is still in its infancy in Africa, starting with Overbit gives you the chance to have a practice run with their demo package. Here you get to experience, full throttle, a mix of cryptocurrency and market trading.
  • With Overbit as your trading platform, your exposure to loss position is limited by advanced risk management procedures. Overbit gives you the option of opening each position with your personal margin preference.
  • By referring your friends and introducing them into the cryptocurrency trading arena, Overbit will pay you in Bitcoin and USDT. They have one of the best affiliate programs worldwide.
  • In case you are having trouble with making a trade on the Overbit platform, the customer support is always on standby with live chats and guides to get your through.
  • With Overbit, your transactions are protected by military-grade security. Financial security is a priority to Overbit as a whole, and you don’t have to worry about your funds.

Conclusion

In the next couple of years, cryptocurrency will evolve and join other mainstream forms of payment. Overbit’s presence in Africa is the perfect opportunity to utilise this decentralised form of currency to your advantage fully.

As a trading platform that is Bitcoin-based, their timing couldn’t be any better. Trading is easy and interactive with Overbit, and this is the bandwagon most African traders will want to jump on. To open an account visit overbit.com.

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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