New UAE crypto exchange receives regulatory approval ...

Crypto-exchange Bitbns launches trading services in the UAE using AED

Crypto-exchange Bitbns launches trading services in the UAE using AED submitted by n4bb to CoinPath [link] [comments]

Bit Oasis - UAE / Middle East Crypto Currency Trading Platform /r/btc

Bit Oasis - UAE / Middle East Crypto Currency Trading Platform /btc submitted by SimilarAdvantage to BitcoinAll [link] [comments]

Bit Oasis - UAE / Middle East Crypto Currency Trading Platform

Hi all, just a tip to crypto traders in the UAE / Middle East. I use BitOasis and its a brilliant platform for crypto trading. BitOasis offers BTC, ETH, XRP, LTC, BCH, ZEC & XMR. Anyways, use it, don't use it...up to you :-)
https://bitoasis.net/en/front/sign\-up?referralId=1LWBB2
submitted by ChunkyLittleSquirrel to btc [link] [comments]

Is there any crypto sites that are secure to invest in

I already checked Rain but its only offers 4 crypto
submitted by Da-HB7 to Bahrain [link] [comments]

Hourly News Update

🤖 Mean Polarity = 0.03 | Mean Subjectivity = 0.18
SPX 3374.5| NASDAQ 11334.75| DOW 27654.0| OIL 45.2
submitted by TradeFlags to tradeflags [link] [comments]

Questions for Q2 2020 AMA (July 3 at 10:00 am GMT+8, Zac & David Kay)


Hello Zac, David and all Team! Didn't find a special topic for questions so I created one. Here are my questions! Please find the time to answer all of them! Coz many people want to know the answers.

1) Zac, please, let us know what is happening to the Dubai project that was announced in 2018? Your partner in this project, Ebooc company, doesn’t exist anymore and since 2019 we never heard from you about how things are going. Is it still alive?
2) Another question about new Dubai partner, Zelapay. Where did he come from and how do you personally feel about a coin that doesn’t have any utility and stated purpose other than “financial revolution in the UAE”. Doesn’t it look like an old school scam to you?
3) XPOS transactions do not burn NPXS tokens anymore coz you gave that 1% to the merchants, did this move increase XPOS sales and adoption? Do you plan to take it back and use for NPXS burning since it’s the key of NPXS tokenomics?
4) After the introduction of open platform in 2019 you said that fees for listing new coins would be paid in NPXS and burned. How many NPXS have been burned from those listings? How many NPXS have been burned from listing ZPAY coin?
5) Can you completely separate NPXSXEM from PundiX and NPXS since it has no practical use and only confuses people? And many people, including me, were really frustrated after conversion results were released, coz you burned almost half of the supply of NPXSXEM (with questionable use) at times when your main NPXS token needed support in terms of supply reduction. Back then at AMA you said that more people decided to hold on to NPXS, that’s why more converted tokens turned out to be NPXSXEM, but isn’t that obvious that people won’t hold on to something useless? Why did you mix it with NPXS? Investors at ICO invested in NPXS and they deserve the right to get the main benefit from supply reduction, don’t you think?
6) How many XPOS are active now? Is it possible to reach the 100.000 XPOS goal by 2021 as was planned originally?
7) How many Verifone and Ingenico XPOS are active? If not much, what you think is the main reason for that? These companies sell millions of POS, why can’t they sell say 1000 PundiX powered POS machines?
8) In 2019 there were high hopes about XPOS in Venezuela, particularly with Traki stores and you said that new partners will be announced, but we don’t hear about Venezuela anymore. How things are going there? Are those XPOS still active?
9) How other partnerships of PundiX are going? Can you name some very successful and unsuccessful once?
10) How many pre-orders for BOB phones did you get and when do you plan to finally release it?
11) Can we expect the FX main net to be on time?
12) When will you add more mainstream coins on XPOS? Like XRP, BCH and so on, or do you expect them to pay for listing?
13) Since nobody wants to actually spend crypto to buy a bottle of water, do you plan to use XPOS to sell tokenized assets like stocks and etc. This can attract a whole new market for you. Wealthy tech people could invest in solid assets and trade them inside XWallet.
Thank you for answers!
Xtra
submitted by antoxa_extra to PundiX [link] [comments]

Buy Bitcoin in Dubai

Buy Bitcoin in Dubai with Cash
Your Crypto Cashpoint In Dubai

How to buy Bitcoin in Dubai?

You can buy bitcoin in Dubai at Coinsfera with cash, credit card, and bank transfer. Coinsfera is the crypto currency cashpoint where you can Buy & Sell more than 500 cryptocurrencies with cash in seconds.
  1. Make an appointment with Coinsfera staff via phone, Whatsapp or Telegram.
  2. Visit our Bitcoinshop in Dubai conveniently located at Baniyas Square-14th Rd – Dubai – United Arab Emirates.
  3. Pay with cash (Dirham or US Dollars) and get your Bitcoin.
One of the methods is cryptocurrency exchanges but it is not so easy for the unexperienced users. First, you will need to create an account on one of the major exchanges, confirm your identity, connect a credit card and transfer money, and only then you will be able to proceed with buying and selling bitcoin.
The whole process takes some time, unless, of course, the exchange is suffering from failures and you do not know how to do everything correctly.

First Bitcoin ATM in Bitcoin

In Dubai, there is also an ATM for buying BTC without identity verification. In Dubai, the first ATM was installed in 2019, allowing you to buy bitcoins without passing KYC. However, to withdraw fiat money, you will still need an identity card. Even though ATM is becoming more popular all over the world, security remains the main problem. This ATM was installed at the Rixos Premium Dubai JBR Wellness center in Dubai.
The device allows you to purchase bitcoins for cash. However, you do not need to present your identity card or pass KYC. Nevertheless, although the purchase of bitcoin is made anonymously, users are unlikely to be able to maintain confidentiality and a high commission than traditional exchanges. To use cryptocurrency in the future, you will have to turn to the services of exchanges and wallets, most of which currently require verification of identity before performing operations.
We offer one the easiest and the best way to purchase Bitcoin with cash. At Coinsfera, Transactions only take 10-15 minutes. Moreover, our friendly staff will provide you with full assistance in this case, if you have any difficulties or questions.

How to store bitcoin?

Bitcoins can be stored in two types of digital wallets: a hot wallet or a cold wallet. With a burning wallet, transactions are faster, while a cold wallet often includes additional security measures that help keep your assets safe, but also take longer.

Hot wallet

With the help of a hot wallet, bitcoin is stored on an exchange and is accessible via an app or a computer browser on the Internet. Even though the blockchain technology underlying bitcoin is even more secure than traditional electronic money transfers, bitcoin hot wallets are an attractive target for hackers.

Cold wallet

The cold wallet is a small encrypted portable device that allows you to download and transfer Bitcoins. Cold wallets can cost up to $100 but are considered much more secure than hot wallets. As a result, the choice remains for you which wallet to buy hot or cold. But you can think about this option in advance with the help of our qualified team, which will proconsul everything and help you create a wallet.

How to invest bitcoin correctly?

There are two ways to invest bitcoin. If you like the idea of day trading, one option is to buy bitcoin now and then sell it when its value rises. This method is popular since most users try to make a profit immediately. Sometimes this type of trade brings a good income, and sometimes insignificant. The second way is if you have analyzed the cryptocurrency market, especially the bitcoin market, and see it as the future of the digital currency, then you are investing in bitcoin. In other words, by purchasing it and investing your money. But this method is long compared to the first, which is a disadvantage.

Why should you buy bitcoin in Dubai?

Buy Bitcoin in Dubai
submitted by coinsfera to Coinsfera [link] [comments]

2local's Connected Companies

Binance
Binance is a cryptocurrency exchange that gives a stage to exchanging different digital forms of money. As of January 2018, Binance was the biggest digital money trades on the planet as far as exchanging volume.
Binance was found by Changpeng Zhao, a designer who had recently made high recurrence exchanging programming. Binance was at first situated in China, yet later moved out of China due China's expanding guideline of cryptographic money.
Chief Changpeng Zhao had recently established Combination Frameworks in 2005 in Shanghai; the organization built high-recurrence trading systems for representatives. In 2013 he joined Blockchain.info as the third individual from the cryptocurrency wallet's team. He likewise worked at OKCoin as CTO for not exactly a year, a stage for spot exchanging between fiat and digital resources.
The organization was established in China but moved its servers and base camp out of China and into Japan in advance of the Chinese government restriction on cryptographic money exchanging September 2017.By Walk 2018 the organization had set up workplaces in Taiwan.
As of January 2018 it was largest cryptocurrency exchange with a market capitalization of $1.3 billion
Know more details: https://www.binance.com/en
Stellar
Stellar is an open-source convention for trading cash or tokens utilizing the Stellar Accord Convention. The stage’s source code is facilitated on GitHub.
Servers run a product usage of the convention, and utilize the Web to interface with and speak with other Stellar servers. Every server stores a record of the considerable number of records in the system. Exchanges among accounts happen not through mining but instead through an agreement procedure among accounts in majority cut.
Stellar is an open source, decentralized convention for advanced cash to fiat cash moves which permits cross-outskirt exchanges between any pair of currencies.The Stellar convention is bolstered by a 501(c)3 philanthropic, the Stellar Improvement Establishment.
Know more details: https://steexp.com/account/GAPCSW7SIUH6ZY2J3Y3G2QTC2D6TD4G5FFN7BNHXALVQW24OJ2PXCFMF
Desi.Airdrops
Desi.Airdrops has begun activities in January 2017. Following year and a half of huge research on Digital currency and Blockchain innovation , at long last we propelled DesiAirdrops in August 2018 . The aim behind Desiairdrops is to achieve mindfulness cryptocurrencies, Blockchain and free airdrops. Digital money technologiesies are in effect new , a large portion of the clients don’t have the foggiest idea how to enroll airdrops, and how to guard their own information while enlistment. Through our articles and you tube channel we are making mindfulness for learners and new comers into Digital currency world and Blockchain space.ined on. We began our crypto venture with two individuals and stretched out the group to 6. Our inscription is " We are focused on bring your genuine airdrops". So With due persistence and appropriate confirmation of each task by our group we post just genuine and credible airdrops in our foundation With our steady difficult work and preparation about venture we win numerous hearts internationally and pulled in the clients by delivering the correct airdrops in our foundation on time . To bring you quickest airdrops our group is covering record-breaking zones and posting the airdrops where you don’t miss any single airdrop in the event that it is constrained for specific numbers. To cover the all day, every day bolster we are spending a great deal for the upkeep and on framework. Our objective behind all day, every day administrations is to make our clients increasingly valuable and they ought not miss any single airdrop . We are in creating our locale and bringing a hastle free encounter through our recently presented highlights. Expectation you appreciate the excursion with us.
Know more details: https://www.desiairdrops.com
Zexprwire
Zexprwire has emphatically molded the PR conveyance administration industry with its surprising duty to customer support. We offer more reach and more prominent perceivability so you can show signs of improvement returns on your correspondence spend.
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Associate with your crowd through – recordings, photographs, infographics and sound bytes. Increment your perspectives and commitment multifold.
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P2PB2B
P2PB2B‌ is a propelled digital currency trade that works to serve its clients. So as to make your exchanging much increasingly helpful and safe, the stage has all the vital highlights and devices.
700+trading sets 300+ сoins/tokens $900m+ day by day exchange volume 300k сommunity IEO launchpad
Why P2PB2B?
Superior
The fundamental distinctive element of P2PB2B is support for handling pace of up to 10,000 exchanges each second and 1,000,000 TCP associations.
Multilingual day in and day out Help
We communicate in your language: English, Chinese (Mandarin), Japanese, Russian, Indonesian, Spanish, German, Korean.
Improved UI
Our site is a Solitary Page Application that empowers quicker communications by means of dynamic substance refreshes. This implies it works quicker for you.
Multicurrency
We support more than 200 cryptographic forms of money and fiat cash, including BTC, ETH, USD, and others.
Concentrate on Security
Over 95% of all digital forms of money are put away in cool wallets. We likewise use WAF (Web Application Firewall), a defensive screen of an Internet application that recognizes and squares programmer assaults.
Know more details: https://p2pb2b.io/token-sale/L2L/1
PayPal
At PayPal, we put individuals at the focal point of all that we do.
What Our identity is
Filled by a crucial conviction that approaching money related administrations makes opportunity, PayPal (NASDAQ: PYPL) is focused on democratizing budgetary administrations and enabling individuals and organizations to join and flourish in the worldwide economy. Our open computerized installments stage gives PayPal's 277 million dynamic record holders the certainty to associate and execute in new and ground-breaking ways, regardless of whether they are on the web, on a cell phone, in an application, or face to face. Through a mix of mechanical development and key associations, PayPal makes better approaches to oversee and move cash, and offers decision and adaptability when sending installments, paying or getting paid. Accessible in excess of 200 markets the world over, the PayPal stage, including Braintree, Venmo and Xoom, empowers shoppers and traders to get cash in excess of 100 monetary standards, pull back assets in 56 monetary standards and hold adjusts in their PayPal accounts in 25 monetary standards.
For more data on PayPal, visit https://www.paypal.com/about.
For PayPal monetary data, visit https://investor.paypal-corp.com.
Organization's Establishing Date December 1998
Site Address www.paypal.com
Corporate Home office 2211 North First StreetSan Jose, California 95131
Overall Activities 12312 Port Elegance BoulevardLa Vista, Nebraska 68128
LATOKEN
What is LATOKEN?
LATOKEN is a quickly developing crypto trade concentrating on liquidity for new tokens. LATOKEN entered CoinmarketCap's Best 20 in Walk 2019 and continues improving the outcome.
$300m+ every day turnover
More than 300.000 enlisted brokers
320+ crypto sets accessible for exchanging
Low exchanging and withdrawal charges
New exchanging sets are being included each week
Other than crypto exchanging, qualified LATOKEN clients can take an interest in chosen Tokens Deals at pre-deal and crowdsale stages. Security Token Contributions (STO) are likewise accessible on LATOKEN crypto trade.
Different highlights of LATOKEN Stage include:
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Propelled exchanging highlights
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What is LA?
LA is recorded on seven trades, including HitBTC (Top 10) and we're chipping away at posting LA on other significant trades.
Know more details: https://latoken.com/
Crypto-kyc.com
PESCHECK ® is an authorized universal foundation screening organization, situated in the Netherlands. We allowed a permit for screening by the Service of Equity. KYC by PESCHECK ® is affirmed in each nation on the planet.
Our scrambled information is transmitted safely at a similar encoding level as driving banks and government bodies.
Know more details: Crypto-kyc.com
VII Zurich Private Investment Forum
VII Zurich Private Investment Forum Overall occurred in Baur Au Lac on April 9, 2019.
More than 80 members – heads of Illustrious family workplaces, venture organizations, speculation organizations, and proprietors of speculation ventures have led more than 750 authority exchanges, and more than 3000 casual gatherings. Heads of organizations from the USA, UK , Europe, Asia, and GCC nations were available.
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https://youtu.be/Ih9hSS6HiGw
Know more details: https://pif.events/vii-zurich-private-investment-forum-worldwide/
Technofy
572 Project DONE 482 Customers 3,248+ Mug OF Espresso 50+ TEAM
Breathing life into your business thoughts!
About The Technofy
Being one of the main tech arrangement suppliers, we have been serving little and medium size business just as enormous undertakings. Our innovation ability, proceeded with conveyance greatness, and devoted group helped us stand apart from other application advancement organizations. Our enthusiastic web designers have made 100+ applications and programming and as yet going ahead. As the years progressed, Technofy has upset the procedure of application improvement.
Know more details: https://technofy.co.in/[Technofy](https://technofy.co.in/)
BLOCKCHAIN FOR BUSSINESS AND GOVERNMENT IN THE MIDDLE EAST
The Assembled Middle Easterner Emirates (UAE) has driven the charge in nurturing acceptance of cryptocurrency in the area, and propelled a system that points for 50% of all administration exchanges to happen through blockchain by 2021.
Enjoy a reprieve from your ordinary working week, and explore 30+ long periods of unusual systems administration with 500+ senior-level professionals from governments and ventures alongside curated speculators, blockchain specialists and engineers spread across three days.
Planned in a personal lavish setting of Jumeirah Emirates Towers, we ensure all the spotlight is on you to assist you with raising assets for your ICOs/IEOs/STOs or lessen your business cycle like no other occasion!
Having 500+ C-Level Officials , 200+ speculators, 40+ Exhibitors, 50+ Speakers, 90% Chiefs
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NinjaPromo
The most splendid personalities in advanced at your administration
Set up in 2017, NinjaPromo is a Minsk-based office with impact the world over. We assist brands with associating with their clients by making individual associations in this advanced world. A large portion of them are still with us. The way in to our prosperity? We carry individual to computerized.
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NinjaPromo works with the organizations found everywhere throughout the world, from the USA to Hong Kong. We make content, procure clients, create drives, raise financial specialist assets, and change the organizations' countenances in web based life by conveying custom arrangements and furnishing customers with skill and new thoughts.
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FOR MORE INFORMATION:
Website: https://2local.io/
Twitter: https://twitter.com/2local1
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Telergram: https://t.me/Group_2local
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submitted by Crenzi to u/Crenzi [link] [comments]

Best platform for trading cryptocurrency (BTC/ETH) in UAE

Hello dubai!
I wanted to know what’s the best platform to trade crypto (lowest fee) in the UAE. Also, anyone here has used etoro in the past and withdrew his/her balance to a local bank account?
Thanks!
submitted by johnson2777 to dubai [link] [comments]

relocation to Dubaï, puzzled about agent advice, normal practice ?

Hi, I was adviced by an agent to open a fz (like fuj, or rk or mediac) to sponsor me. But the activity on the fz would be just a "fake" activity (for example freelance consultant), because mine isnt listed (online crypto trading) and I don't have any other.
The company would be dormant and I would just, for example on a personnal uae bank account newly created and empty at first, as a freelancer, deposit an amount of cash every month or from bitoasis to cover my expenses of living (10k aed or so) and I would call it a "salary".(can they ask pof or invoice for such amount ?). Once visa would bevalidated will I be able to open a bank account without minimal balance and without receiving salary and get a cheque as well ?
Note I would respect the compulsory condition to get the full tax residence there by living >183 days a year thought.
My target being to get the full tax residence there, so then to apply for the tax certificate, where they are asking salary certificate (I have been told you can do it yourself as a fz if you choose fze setup or as a freelancer just ask it to the freezone that made it to provide it to you). They also ask 6 months bank statement from the UAE : won't it be a problem to have such activity as aforementionned when showing these statement to get the certificate ?
My question is, as I'm seeing many people are not able to open banks accounts and that they are more and more annoying, even if the sums I am planning to deposit are sort of little just to cover expenses (note I am 1st world citizen and have no origins from blacklisted countries, and western origins). And that this whole process seems a bit tedious and sneaky to me, even if the agent may sounds like there is 0 risk (they might take their fees fastly whatever if something goes wrong in the process). I am wondering if the banks will allow me to do this, if I will be able to maintain a personnal bank account with such activity aforementionned, if this is something usual to behave like it in uae in the visa obtention and tax dom certificate and wouldn't meet a glitch in the process likely ?
Thank you so much in advance for your comments
submitted by alko355 to dubai [link] [comments]

BitOasis (UAE Bitcoin/Eth exchange) "rolling [out] XRP soon!"

BitOasis (UAE Bitcoin/Eth exchange) submitted by wispofasoul to Ripple [link] [comments]

Bitrump, the cryptocurrency exchange, adds 100K global users on its trading platform

Bitrump, the UAE based crypto exchange, and a white label exchange software solutions provider has recently added a million users on its crypto trading platform.
submitted by Bitrump to u/Bitrump [link] [comments]

List of Physical Stores where you can Buy or Sell bitcoin

There are a number of foreign currency exchanges and other places where there's a "storefront"/branch and an actual teller or other staff where you can just walk up and do a bitcoin buy and/or sell. But I don't think there's ever been a list of them compiled. Lots of location discoveries get shared on social media, like this one, bu there is just no comprehensive list anywhere. So that's what I'ld like to do here. If you know of a location please comment with the name or some details.
Physical stores and Trading Spaces
Europe, Middle East, and Africa:
North America:
Asia-Pacific:
Vouchers (retail)
Gift Cards
Vending
Hardware wallet sales locations (Note: It's always more secure to buy direct from the manufacturer)
There are also over-the counter (OTC) traders, who may or may not have a fixed location, but are not considered to be "physical stores":
Please share your additions, corrections, or comments.
submitted by cointastical to Bitcoin [link] [comments]

Top 6 gold-backed stablecoins to watch in 2020

Top 6 gold-backed stablecoins to watch in 2020
The potential overlaps between cryptocurrency and gold continue to stir debate about their respective roles in the financial sector. Gold has a reputation that precedes itself. The most pre-eminent of precious metals has been a valuable standard since the earliest human civilizations.
In the current investment scene, gold plays the useful role of a safe-haven asset. Investors can hedge a certain amount of gold as a means of portfolio diversification. It might, therefore, seem like an affront to compare gold to crypto. Cryptocurrencies like Bitcoin are synonymous with volatility, which makes traditional investors like Warren Buffet steer clear.
Still, gold can work with crypto in remarkable ways. The similarities, whether in the form of decentralization, inelastic supply, and independence from mainstream stocks, make for exciting use-cases. Add gold-backed stablecoins to the scene, and the conversation is even more engaging.
What Are Gold-Backed Stablecoins?
A stablecoin is a cryptocurrency whose value corresponds to a valuable asset. The valuable asset could be anything from fiat currencies to precious metals, or even oil. USDT, the current leading stablecoin, came into prominence because its value was tethered to the US dollar.
Therefore, gold-backed stablecoins use gold as their base physical asset. Stablecoins offer more stability than a typical cryptocurrency would enjoy and, as a result, they have earned credibility with investors keen on that trait.For gold-backed stablecoins, the typical structuring is that one token of stablecoin equals one gram of gold. The stablecoin’s price cannot fall below the prevailing rates for gold at any time. The physical gold is in the hands of a trustworthy third party.
Top 6 Gold-Backed Stablecoins
Gold-backed stablecoins have off-chain physical gold to back up their native blockchain tokens. This detail is the common thread for gold-backed coins and is the reason behind their stability. Here are some notable entities in this field:
1. Digix Gold Tokens (DGX)
Digix is a notable gold-backed stablecoin from Singapore. The company uses blockchain technology to offer DGX tokens with gold backing. Digix has two types of tokens of offer: Digix Gold (DGX) and Digix DAO (DGD). Each DGX token equals one gram of gold.
The platform uses a unique protocol called PoA (Proof of Asset) or PoP (Proof of Provenance) to ensure smooth transactions. Digix places LBMA-approved gold bullion in its Safe House vaults to guarantee the exchange rate.
Therefore, Digix uses a real asset (gold), transfers its value to the blockchain, and evenly distributes shares among participants. Token owners participate in the platform’s development and can also exchange tokens for gold or any other coin.
Since the tokens are in the Ethereum EIP20 format, investors can also use them for Ethereum contracts. Digix outsources auditing to French certification company Bureau Veritas every three months. With a proven track record since it began operation in 2016, Digix has a prominent position among those who provide asset stablecoins.
2. GoldMint
GoldMint is a Russian blockchain platform that issues stablecoins backed by 100% physical gold or exchange-traded funds (ETFs). The founders have a wealth of experience in the gold processing industry.
GoldMint founders have connections to an extensive pawnshop business in Russia. A core component of gold ownership is smallholders in items like jewelry. Pawnshops are, therefore, a key conduit for gold movement because of gold’s universal acceptance.
The platform issues two native tokens: Gold and the MINT tokens. Gold is an investment token with full physical gold backing. A Gold token has the value of an ounce of gold by international standards. The GoldMint platform uses a private blockchain and graphene technology.
GoldMint relies on an automatic diagnostic system in its Custody Bot to process information. The information ensures the MINT blockchain issues the correct amount of Gold tokens. Masternode operators earn commissions for every transaction of the MINT blockchain. Owing to the widespread pawnshop access, GoldMint exceeded 5,000 kg of scrap gold trading annual turnover in less than two years of trading gold tokens.
3. Ekon Gold
Swiss startup Eidoo launched its gold-backed stablecoin in late 2017. The Ekon Gold stablecoin came soon after that. This token is ERC-20 compliant, and is tradable on the decentralized hybrid exchange of the project.
Ekon founders made it so that traders could only exchange Ekon for one gram of 999 gold in a special store in Switzerland in insured safe deposit boxes. An independent auditing company, PluriAudit SA, audits the platform every quarter.
Compared to some others, this company is more limited and more precise in its operations. Despite this, Eidoo raised $27.9 million during its token sale in October 2017 and gained a license from Swiss regulators. The company is keen to comply with AML regulations and complete the KYC procedure up to Tier 2.
4. Tiberius
Tiberius is yet another Swiss stablecoin. Its mother company, Tiberius Group AG, announced the issue of Tiberius tokens in September 2018. Tiberius tokens offer high stability as they boast the backing of a basket of seven precious metals, including gold. This platform is still in its formative stages of operation but is already attracting investor interest.
Just like Ekon Gold, Tiberius ensures its operations are on the right side of the relevant Swiss laws. The platform has delayed the sale of Tiberius Coin.
CEO Giuseppe Rapallo attributes this delay to the desire for more diversification, in order to make the coin even more stable. This coin is looking to anchor its value to a wide range of stable assets.
5. OneGram (OGC) — UAE
The OneGram project aims at ensuring that each token has the backing of at least one gram of physical gold. The choice of gold is deliberate because gold is one of six Ribawi assets that can be freely traded across the Muslim world.
The context is important because the UAE is an Islamic country. Making the coin Sharia compliant will endear it more widely to the native population. OneGram relies on a Proof of Stake (PoS) blockchain to facilitate fast transactions.
Notably, it features a democratic community of OneGram stakeholders who elect delegates and validators. In summary, the coin combines the stability and reputation of gold, the convenience of cryptocurrency, and Sharia compliance. OneGram can be the key that opens up the Arab and South Asian markets to cryptocurrency.
6. Novem Gold (Liechtenstein)
Novem Gold is the final installment in this illustrious list of gold-backed stablecoins. This unique platform stores gold securely in Liechtenstein, which has suitable legal and security arrangements to operate seamlessly.
Novem Gold has two types of tokens: the NNN and NVM tokens. Each 100 NNN tokens correspond to a gram of gold in the company’s storage facilities. Token holders have a convenient platform to trade gold digitally. Traders have the assurance of a stable gold-backed token, which complies with a specific value ratio.
Novem Gold founders have tremendous experience in the precious metals trade. Investors can have digital ownership of LBMA-certified physical gold. Anyone can tokenize their gold at the brick-and-mortar stores Novem Gold intends to open in a number of major European cities.
To ensure that the ratio of NNN tokens to gold remains correct, Novem Gold has partnered with respected auditor Grant Thornton to carry out quarterly audits. Novem Gold conducts regular token burns to ensure the scarcity ratio is intact.
To Sum it Up
Given the fact that cryptocurrency is a very volatile asset, a stable crypto monetary system seems like a lofty ambition. Gold-backed stablecoins have the potential to change this narrative completely. Anyone with a knowledge of finance knows the reliability of gold as a store of value.
Therefore, backing crypto with a tangible asset like gold offers a viable option to those who are wary of crypto’s volatility. You can enjoy the luxury of not having to store or transport the bulky precious metal.
https://preview.redd.it/ftyv4x0scl541.jpg?width=1920&format=pjpg&auto=webp&s=ee957e07263a195d8b07bb88f96e5440a81ebf85
submitted by y0ujin to NovemGold [link] [comments]

Airdrop Report

Airdrop Report
Dear Airdropbob Comunity
https://preview.redd.it/v6b8vgq4zm741.png?width=200&format=png&auto=webp&s=fc3e04945488c22245aa12c78d1f0c2d5b4bcbfa
Welcome back to another weekly edition of our airdrop report. Here you will find all the necessary information in one quick session, so you don't have to watch out every day for the best and most rewarding airdrops of the industry! We hope you enjoy the read and find the projects as interesting as we do!!
This week started out with TKS.
The WAVES based TKS token is the native crypto currency of Multichain Ventures. This is the parent company behind projects like EDEN, the Tokes platform or Cubed. In all these projects the TKS token is included as the native currency and will also be included in future projects. Further more there is a token burn program implemented and they even offer staking to token holders to generate a passive income on the side.
Get more information and the Reflink here: https://www.airdropbob.com/mulitchain-ventures/airdrop-mulitchain-ventures-by-airdropalert
Projects website: https://multichain.ventures
Then there was RAYAX token airdrop by the EXRAYA crypto currency exchange.
The ERC20 based RAYAX token is their native crypto currency and is to be used for all services and fees on the platform. They offer staking to the token holders, have an implemented token burn program and more features planned for the future. The exchange also offers 24/7 multi language support for the users. Supports several trading methods and is of course available as web or mobile app as well.
Get more information and the Reflink here: https://www.airdropbob.com/rayax/airdrop-rayax
Projects website: https://exraya.com
Later in the week we brought to the PEAK token airdrop by MarketPeak.
This project was created to provide crypto enthusiasts with a community for trusted new projects. All featured tokens are audited and checked for legal compliance. And the users only have to KYC once to gain access to all new and future listed projects. And with their ERC20 based native PEAK token the holder will be elegible for discounts and other perks in the future.
Get more information and the Reflink here: https://www.airdropbob.com/marketpeak/airdrop-marketpeak
Projects website: https://marketpeak.com
There was the NXX token airdrop by Nexxus Rewards.
This ERC20 based token is the native currency of the Nexxus Rewards ecosystem. This ecosystem was created to present the world a new global reward platform to compete with indusry leaders like Groupon. They offer affordable marketing solutions, provide the opportunity for community fund raisers and have a special rewards system for shoppers. The token is created to serve as payment option on the platform and also for third party goods and services. And according to their website it can always redeemed on the platform for the minimum of 1$.
Get more information and the Reflink here: https://www.airdropbob.com/nexxus/airdrop-nexxus
Projects website: http://www.nexxusrewards.com
On Friday we presented you the COMM token airdrop by Crypto Commonwealth.
This project was created to drastically change the way crypto asset management is done today and also take a stab at the publishing industry at the same time. The platform offers new possibilities for writers in the field of crypto with different formats. They offer the so called smart beta fund to accredited investors. And the ERC20 based COMM token enables all features on the entire platform. So don't wait and have a look at what they have to offer!
Get more information and the Reflink here: https://www.airdropbob.com/crypto-commonwealth/airdrop-crypto-commonwealth
Projects website: https://cryptosmartbeta.com
And on Saturday we brought to you the BUY token airdrop by Burency. The ERC20 based BUY token is the native crypto currency of the middle Eastern focused Burency crypto exchange. The exchange offers their users access to their own mining farm and they also have their own blockchain development centre based in the UAE. Their native token is used as a base pair on the exchange and is to be used for purchases of goods and services on the platform. Further more they have a token burn program implemented and token holders will also be elegible for discounts on trading fees.
Get more information and the Reflink here: https://www.airdropbob.com/burency/airdrop-burency
Projects website: https://burency.icoadm.in/users/sign_in
And if you want to know more about everything CryptoAirdrop related and how to participate, go visit: https://www.airdropbob.com
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Join us on Telegram: https://telegram.me/AirdropBobChannel
Follow us on Twitter: https://twitter.com/BobAirdrop
Follow us on Medium: https://medium.com/@airdropbob
Or subscribe on Steemit: https://steemit.com/@airdropbob
#airdropbob #airdrops #crypto #cryptoairdrops
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Dubai Bitcoin Exchange - How bitcoin works in uae

How to make money off bitcoin dubai exchange company helping you day trading crypto currencies how bitcoin works in uae middle east BitOasis reviews
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Recap of AMA with Zac on July 3 and Q2 report

Dear Pundians,
Thank you for participating in the AMA session with Pundi X co-founder and CEO Zac Cheah.
For those of you who may have missed it, the live recording of the AMA session held on July 3 at 10:00 am GMT+8, tackling Q2 progress and addressing questions and concerns by the community members, can be viewed here. A side note that today’s AMA video quality and setting was not ideal. We acknowledge this situation and will make improvement for our next AMA session.
You may also find a summary of the Q2 progress presentation as well as all the detail Q&A below.
## Pundi X Q2 2019 Highlights
* Pundi X has integrated more public chains into our products. In Q2, we completed integration of Binance Chain. NEM chain is in the work. As of today we’ve launched BNB, the Binance Chain native Coin and XEM, NEM native coin on Pundi X payment platform. We will integrate at least one more public chain in Q3.
* The transactions on XPOS for Q2 is 15.5 million in USD, which is close to 300% quarterly growth. The number of transactions is 29,367, which leads to a 11% growth QoQ.
* XPOS has successfully received FCC and KC certifications. A new certification for Latin American market is on the way. * To expand XPOS footprint, Pundi X’s integration with a new leading mainstream point-of-sales device is in the work. Stay tuned for the announcement.
* Pundi X Open Platform was launched in May, 2019, which now supports ERC20 and BEP2 token listing. Moving forward, we will continue to support tokens from other public chains.
* A 3,000 XPASS order from DigiX, a gold-based token, and a 10,000 XPASS order from BitCobie this quarter.
* XPOS is spread in use in over 30 countries. We’ve published a map of XPOS location of self-report XPOS merchant directory. You can find a list of selected XPOS merchants at [https://www.pundix.com/products\](https://www.pundix.com/products). * The QoQ growth of XWallet is tremendous at 43%. In the previous quarter, we have less than 20k users, whereas in Q2 we have hit 297k XWallet users.
More updates on XWallet:
* Supported BNB and NEM tokens; 2FA, face ID, and optimized SMS serviceAvailable on iOS, Android as well as in Samsung Galaxy Store
New features coming up in Q3:- DApp integration - Decentralized wallet- In-app crypto payments - Chat service, which will be compatible with a commonly used chat app- f(x) testnet features to be rolled out first in XWallet
## Other notices coming up in Q3 2019
* The Q2 token removal will take place on July 14, 2019, which will involve in total 34 billion of NPXS and NPXSXEM (22 million worth in USD) removal. In the past 365 days, we’ve removed a total of 36.1 million US dollar worth of NPXS and NPXSXEM.
Before Q2 removal, the total supply of NPXS ERC20 is 266,962,422,906.53 and NPXSXEM is 95,816,218,929. [See Q1 removal here.](/pundix/recap-of-ama-with-zac-on-july-3-and-q2-report-a23de165dd28)
* [NPXSXEM will be ported to Binance Chain from July 20](/pundix/npxsxem-will-be-on-binance-chain-c6485f17726b). * XPhone pre-order will start in late July with a new product name. Stay tuned. Check out the teaser video that we are releasing it across our communication channels. ## Q&A
## On XPOS
* **Where are we on official global location of XPOS?**
Zac: We have made a map on our official website that merchants can self report and feature their locations. It’s at [https://www.pundix.com/product\](https://www.pundix.com/product). We’ll be increasing and updating the map once we have permission form the merchants to update their locations.
* **The marketing from pundi has shifted from 100,000–700,000 xpos units by 2021 to 100,000. I understand the bear market has affected this but please share the strategy moving forward to hit your goal. How do you feel about hitting this goal?**
Zac: The 100K XPOS target has always been the initial goal and it’s stated in our whitepaper. And we are still working on achieving the goal by the end of 2021. Part of our growth strategy is to also explore the possibility to port our platform to traditional POS manufacturers to increase the adoption, which is ongoing at the moment.
* **1 year ago you sent 5000 XPOS somewhere. When, at least half of them, will be working? 3 year target was 100,000 by 2021. Now we have only 150 units, how do you expect to reach this goal?**
Zac: Yes, we have shipped thousands of XPOS to over 30 countries in the world. The 150 you’ve mentioned are the featured merchants which are published on the map. The active XPOS devices are deployed over 33 countries and we are actively talking to B2B partners to have higher wholesale and big deployments.
* **How many XPOS are live and used?**
Zac: We have gone through a very serious bear market, and some of the initial inbound requests for XPOS are not delivered. However, we are working slowly but surely with our Business Development team to not just roll-out into individual buyers, such as what we did on Pizza Day, but also to B2B partners. With the certifications approved, that will also help us to officially roll out to some of the key markets.
Individual merchants can use XWallet collection feature to accept crypto payment with QR code. For the merchants who have physical offline storefronts, they can use XPOS to enable the instant crypto transaction seamlessly. Moreover, as mentioned previously, we are exploring the integration on leading traditional POS terminal so that their distributors have option to enable crypto transaction feature. As for the challenge to adopt XPOS, it is the regulatory compliance in different countries. For this, our legal team think ahead and encourage our merchants to complete KYC.
I must be very honest to say the activation takes longer time than we expect but it will be worth at the end.
* **What’s the average number of transactions per xpos in use?**
Zac: The transaction number has increased very well. The number of each XPOS differs, due to the frequency of using crypto currency to purchase item or crypto assets. There’s no standard answer to this, but overall we see the transaction number and volume are going up.
* **How do you plan to reach the target of 100,000 by 2021?**
Zac: One of the challenges that we have is regulatory compliances in different countries. There are certain markets that do not allow crypto currencies and some require a clear approval for us to deploy XPOS. We are working on both challenges by talking to governments and applying for certifications. So how we plan to reach 100,000 XPOS user by 2021 is to work with distributors, B2B partners on a government / business level, and with existing POS companies to integrate our software solution into the system.
* **We understand as there was bear market and hence Xpos usage demand was low. Are you guys seeing growth of Xpos usage with current market conditions. Can you guys put some statistics comparison like last 30 days Xpos usage vs any month from bear market usage?**
Zac: It is very clear that as we moved out from the bear market, the demand for XPOS has been increasing. As we’ve shared just now both the transaction number and volume of Q2 have beaten Q1. We’ll be able to share more transaction numbers once we receive approval from our XPOS merchants.
One exciting thing is that, with the listing of different tokens, we also see users using these tokens as a way to transact on XPOS, which means we will be having more ways to transact and this is a growth point for XPOS.
* **When will there be more details for XPHONE and XPOS HANDY?**
Zac: For XPOS handy, we have finished production and it will be released in Q3
* **When will the iOS version of XWallet and XPOS be fully translated to other languages?**
Zac: Right now, the XWallet has Traditional Chinese, Korean, Spanish, German and English. With the latest version update, it now includes Portuguese. XPOS also comes with many languages and we hope to finish with more language, either working with professionals or volunteers. If you’re interested in volunteering, please contact us.
* **When will the Merchant back office have Product Registration and SKU id ability and also integrate with other POS software?** * **When will the top-up feature go away for XPOS to allow liquidity for XPOS**
Zac: We constantly update features in XPOS and merchant backend to make it easier for distributors and merchants to use. We understand that one of the ways for mass adoption is to enhance our distributor management system. With that, the distributors can manage manay XPOS at one time with different merchants.
Please stay tuned as we announce more and more functions of this feature.
## On Dubai
* **When will we see the deployment of the XPOS in Dubai?** * **Can we spend NPXS on the Dubai XPOS?**
Zac: As with all big projects there are a lot of moving parts, that includes working very closely with the local government, in Dubai’s case, the Credit Bureau of the Finance Ministry. Things are progressing for the Dubai project but due to confidentiality agreements with the parties involved, we cannot reveal much. All we can say is that we and our Dubai partners are working hard to have XPOS roll-out in the Dubai market and the UAE.
We are also discussing aggressively with Dubai partners whether to include crypto assets in the XPOS in Dubai. That clearly will involve local compliance and legal for that to happen.
* **Your system upgrades expect merchants to have downtime on their XPOS terminals, can you explain if you plan to run a business why this would be considered feasible (specially at the rate you have been doing your upgrades)?**
Zac: Yes, the benefit / strength of the XPOS is that most of the updates can be done on the fly. For example, when we have a token update on our XPOS where developers submit their tokens on Open Platform, the updates of this token are on the fly, which means that once we approve the token on our Open Platform, it will automatically appear on XPOS without any software updates.
The great thing that we believe about XPOS is not just the support of crypto assets, but also the ability to update most things on the fly, which means that whenever we have a good feature or a new token, the updates will be done instantaneously.
* **Can you guys arrange at least a community voting which is the next blockchain we would like to see next in XPOS? Voting will help to prioritize to chose the projects.**
Zac: One of the reasons why BNB is being listed on the XPOS is simply because of its popularity and also our user demand, in a way that we are already answering to our community’s request.
Right now, our main focus is getting all the tokens submitted on Open Platform to be listed on the XPOS. The submission process includes legal and compliance valid, so our legal and compliance teams are working hard to make sure that we have more tokens to roll out onto Open Platform, which means that they will be on XPOS, XWallet, and XPASS.
As to a specific voting mechanism, we’d like to consider that and hopefully we’ll be able to run a specific voting for the chain which users would like to see.
* **While comparing Xpos handy to Square POS devices at least with mobile it’s very cheap like under $30 and easy to use. When can we expect such light weight and cheaper version for XPOS? Is team working on such devices ?**
Zac: There are different POS companies around the globe and pour focus is to work with these POS companies with our software, so that a crypto sales feature will be part of the existing POS system. The more support of crypto asset usage using our software on existing POS, the better it is for global adoption.
We actually strongly believe that the pricing of our POS system is competitive in the market. And one of the great features of the XPOS is that the merchants will not need not to pay a certain percentage to existing acquirer but to be able to earn certain percentage from each transaction. That is the key differentiator for merchant to want to adopt this.
* **From the website with some of the key Countries for XPOS adoption looks great. However, the concern is for Venezuela, there is no reference link like the others have. Can you guys add the link with details to clear the ambiguity?**
Zac: Let’s give a little bit more patience so that we can actually release more information about our Venezuelan partnership. The good news is that we expect concrete news from Venezuela in the coming 2 weeks. So stay up-to-date about our Venezuelan roll out on XPOS, the best way is to subscribe to our telegram group for Venezuela.
## On Partnerships
* **Are there some major partnership in the works? I’m also interested in how you do immediate transactions? Do you anticipate scaling issues?**
Zac: The way XPOS is being designed is that when you use your crypto assets to purchase, it will have instantaneous confirmation because the action is an off-chain process. An on-chain action happens when a user who owns crypto assets in our system transferring the assets out of the Pundi X ecosystem to their own wallets; or to transfer crypto assets in Pundi X from an off-chain to a private wallet, which we will have very soon on XWallet itself.
That is why we are able to handle scaling. When a person wants to use crypto currency to buy a coffee, the transaction will happen instantaneously.
For specific partnership, especially with B2B partnership, we oblige to the NDA that we have signed. But if you follow us closely, you’ll know that we go to different parts of the world, talking to major companies to try to land more deals so that NPXS usage will increase dramatically.
* **Any big partnerships for making xphone or using the software for xBlockchain?**
Zac: These partnerships are also subjected to NDA, so please be patient for us to release more news.
* **When will XPOS have approval to process Visa and MasterCard payments?**
Zac: We have met representatives from these players including some of the key management people. They are obviously looking into crypto currency attentively, and we hope that there’s something we can do with MasterCard and/or Visa.
This is something that the community has suggested and we agree fully. Please allow us with some time to work on this. We have also showcased XPOS to the CEO of MasterCard. For what or when will anything happen, please wait for our official announcement.
* **What’s the status on Quantum fund and their contribution or involvement with Pundi’s project?**
Zac: We announced last year that we are creating a fund to invest in projects beneficial to our ecosystem. We’ve identified some interesting projects, and we have invested in at least 1 project. The reason why we’re investing in that project is because of the services that it will bring onto the Pindi X ecosystem. So the purpose of the investment of the companies is that these companies in turn will benefit on our ecosystem. This is our key consideration.
The team has evaluated the projects that will benefit the Pundi X / Function X ecosystem. Vic and his team will be able to reveal more details on the companies we have invested in and how they will contribute to our ecosystem in Q3.
* **Recent update on NPXSXEM is highly ambiguous as mentioned that it will be now BEP token and later once FX goes live it will get back to Fx platform. Why you guys had so rush to use Binance chain only for few months? Isn’t you guys switching to much in a short time span?**
Zac: Liquidity and utility have been an issue for NPXSXEM. Due to the design philosophy and the limit of token that can be created on NEM’s smart contract, we are only able to create a small number of tokens on NPXSXEM. By moving into the Binance chain for NPXSXEM, the BEP2 token version will be able to support all the NPXSXEM tokens, which means that we’ll migrate and also be able to make sure all the NPXSXEM tokens are under the same contract address.
We believe with the strong liquidity, we will be able to give our NPXSXEM token holders a good reason of what the token holders have been waiting for. We hope to bring NPXSXEM to match the level of NPXS.
* **When #XRP?**
Zac: Our OpenPlatform is a currency agnostic platform, which means that we will work on integrating public chain as well as tokens that are most requested by the users. We’ll also be looking into the listing of different tokens that are being mentioned by the community.
As said, we will have at least one more public chain integration in Q3, perhaps even more.
* **Are you as a company going to try and connect with libra? If they have said they want to be a payment remittance service, have Square, PayPal, Visa on board I as an investor would prefer you try to join them rather than beat such large competitors**
Zac: Of course, we’ll be delighted to work with Facebook and also the Libra coin. Pundi X and XPOS is a currency agnostic / currency neutral platform, if there’s opportunity to list Libra coin or work with Facebook in different ways to promote crypto currency adoption, we’ll certainly look into that and work on reaching out to them.
## On Trading
* **Can you confirm during AMA, Pundi team is not involved with any trading with their own token like selling over time to manage the fund to run the company.**
Zac: All the wallet addresses of the team holdings are disclosed and transparent. This is one of the first things that we did after ICO. Hence, our token holdings are transparent and everyone can monitor our fund transactions. Also, we have strict internal financial regulation and compliance, shows that we are here to build a long-term project.
The best way to make NPXS or the NPXSXEM to rise is real daily life use case.
* **When will you stop manipulating NPXS chart?**
Zac: Our focus has always been and will be building great products. The more product usage, the demands for NPXS and NPXSXEM will increase. Let’s address again that, Pundi X the company is NOT involved in any manipulation of the NPXS price.
There are trading teams, market makers, financial institutions that profit from the drop and rise of token prices in the crypto market. The good thing about NPXS is that we have managed to create a high liquidity by listing on 40+ exchanges and having global trades and demand from all over the world. We hope this and coupled with the fact that we are a solid product and roll out the use cases, the demand of NPXS will only continue to rise and will be able to deter any of the traders or speculators there is for NPXS.
These traders gain profit from manipulating tokens whether BTC or other tokens. In fact, the traditional financial markets have similar challenges as well. What I want to stress is that, we at Pundi X, do NOT speculate or manipulate the price. We work very hard to create demands for NPXS and as a company, it is only beneficial for us to see the prices of NPXS and NPXSXEM rise.
* **Can we please address the elephant in the room which is the Binance bot with huge sell walls and buy walls causing huge distress and concern among users?**
Zac: First, I cannot confirm nor deny that whether Binance has a bot. I think this is something that you need to ask Binance. We need to work with Binance because Binance has one of the biggest liquidities, if not the greatest liquidity, for NPXS. The best way to counter manipulators is to create more use case, more demand and more acceptance of our tokens.
* **Why on almost all exchanges do you not offer a USDT trading pair?**
Zac: We have USDT trading pairs on Bittrex, Bittrue, and more. In addition, we have fiat pairs in Korean Won, IDR, INR, and Turkish liras. We will continue to work on adding trading pairs for NPXS to make it more liquidate.
* **Why don’t you offer a stable coin sell and purchase on the xpos to help with adoption? Places in Africa with volatile currencies would go crazy for this.**
Zac: It’s a great observation. This is a request that’s been asked from many users. We’re working on stable coin listing on XPOS and hopefully it’ll come soon. Stable coin requires a greater compliance and legal validate, which we have been working on since months ago and we hope to have the stable coin up in XPOS soon.
* **When will you add an active tracker for coin burn, whether its measured in usd, NPXS or whatever you choose. The community has been asking for this on twitter, reddit and telegram for this entire year.**
Zac: It will be hard for us to have a daily tracker of the coin burn, but what we might be able to work on is a tracker which have shown all of the tokens that have been removed from the usage. Thank you for giving us this great suggestion and we will work on it in some form.
Zac: Our token supply has always been specified in our white paper, and as promised in our white paper, we will continue to remove tokens through usage and use cases, which we’re working on all the time.
* **Price movement. When will NPXS go to which price?**
Zac: We cannot comment on the change of the price. Our focus is on building products. We hope by doing that the NPXS value will go up. Again, there’s no way that we can comment on the price.
**I believe that burning tokens every 14 weeks keeps the price suppressed and will only lead to huge pumps and dumps. Imo, If the burns were more frequent, the price would move organically.**
Zac: We continue removing tokens quarterly per advised by our legal and compliance team.
**Is it mandatory npxs swap? What happens for token we have in binance?**
Zac: No it’s not a mandatory NPXS swap for FX.
**How many NPXS or NPXSXEM was converted?**
Zac: In Q2, we will remove 29B NPXSXEM and 9B NPXS.
## On XWallet
* **Why not put in XWallet like the place where we can buy and sell like restaurants and shops?**
Zac: You are correct. In fact, if you look at XWallet, there is a merchant feature, whereby you can register as a merchant. By becoming a merchant, you will be able to print out your QR code and stick it on your restaurant. People are able to make payment through this QR code. This will act like a mini-XPOS.
* **In addition to that having multiple different blockchain in XWallet will increase the XWallet adoption. Hence, we would like to see aggressive game plan and execution from the team and would like to hear that**
Zac: That’s a great suggestion. Every day we want to increase use cases for XWallet. In fact, our XWallet update is one of the most frequent in the market. Within 5 months, we have over 10 updates on iOS and Google Play. This does not include soft update which happens every several days. In my view, the effort is very tremendous.
* **Is there any plan to add Swap option within XWallet so that people can trade the coins within XWallet?**
Zac: Yes, there’s such plan and in fact there is an upcoming feature that people will be able to use coins in XWallet to exchange into other things. The exact form and format have not been reviewed. We hope to share more when we have concrete example. But what you suggested is what we are planning for months ago.
* **When will XPOS and XWallet have fiat on ramps?**
Zac: This is a good question. It’s not only involved with regulatory compliance but also involved the technical part. This is also something we are planning for months. Once approved, hopefully we are able to support fiat currency on ramps and off ramps on XWallet.
**On Others*\*
* **How is the internal organization doing? Currently how many employees work for Pundi? Currently how many job positions are open?**
Zac: Pundi X has grown tremendously. We are now having over seven offices around the globe. I’m sitting in the Singapore office. We have office in Jakarta, Taiwan, Tokyo, Shenzhen, São Paulo and London. These are the places we have physical offices and house approximately 100 full time employees of Pundi X.
The positions open from Pundi X are legal associate in Singapore and other offices. We are looking for more R&D people, especially in Taiwan. We are looking at marketing and PR people in different parts of the world. And we are looking for POS distributors. As a POS distributor, you will work with our business development team and also our technical team to roll out many XPOS which you have a network to control in your local market.
* **Would you consider removing the KYC to allow u.s. holder to stake and be rewarded?**
Zac: We would love to have more users, including US. However, our compliance and legal advisors have not allowed us to accept US holders to stake and be rewarded.
I’m sorry to say that but this is after serious consideration to make such a decision. In fact, it is a very hard decision because we have healthy user base in the US.
will continue to monitor the situation in the different markets and be compliant. There are also ways to be rewarded when using XWallet service without KYC. We are looking into to explore more on this and launch new features. Hopefully we are able to bring the beta version for you to test this week or next.
**On XPhone*\*
* **Where are we on pre-sale announcement of Xphone? It was highlights of Q2 goal. If we are getting delay, that’s ok. But at least community will have some clarification why it’s getting late and when approximately it coming?**
Zac: Pre-sale order will start this month. It’s likely the end of July. Pre-sale will take place in different channel including the official website and XWallet. Apart of our own channel, the pre-sale will go live on a 3rd party channel. People will be able to pre-order crypto either in crypto or in fiat.
* **Can you discuss in AMA, is participants can pay with Crypto or Credit/debit card or in both ways?**
Zac: As a crypto company, we prefer payment in crypto, but fiat, Visa, MasterCard, and other traditional payment methods will be accepted on different pre-order channels. Stay tuned for pre-order which will happen in late July.
* **Will the Xphone be open to purchase in all regions of the world?**
Zac: Yes, pre-orders will be able to be done on-line, and products will be shipped from our offices to users in different parts of the world.
* **Will the blockchain mode on the Xphone be operable during the testnet or will this function not work until mainnet?**
Zac: XWallet and XPhone are the first channel and avenue for Function X testnet, so once the testnet is operateble, we will start to engage certain services on XWallet and XPhone into Function X testnet, and ultimately into mainnet. Slowly but surely.
* **Does Xphone have hard protective cover,extra Sim slot, also is it enhanced with ip68 water rating?**
Zac: XPhone will not be waterproof, so please do not submerge XPhone into water. XPhone will definitely be eavesdrop-proof because we’re using a blockchain mode, only you and you control your own conversation.
* **Which country accept the Xphone?** * **Will I also be able to use the SIM-card?** * **The blockchain modus will work in every country (what in the absense of nodes)?** * **Will the XPhone I buy now support updates in the future?**
Zac: People from any country will be able to buy XPhone on-line. You will be able to use a SIM for we have built a SIM slot. Wherever you are, the XPhone can be turned on to become a node.
Will XPhone support future updates? Yes, of course. Just like the XPOS, we support silent update. It will be like how we support XPOS, many updates. The updates will always be supported on XPhone.
**On Function X*\*
* **When is the detail white paper coming for FunctionX? Why the team is very resistive to have well documented white paper? We need scientific approach and well documentation on FunctionX to have developers to be more involved.**
Zac: Yes, developer involvement is a key criterion of the growth of Function X. We have done 2 things, one is that we have set up Function X Foundation which is led by David Ben Kay and will involve third party adviser and board members. Second, we have set up a developer relations team led by one of our own members as well. This team will work on creating developer documents, developer demos and sample, so that excellent developers can tap into working with Function X resources.
The first version of developer documentation is ready in English and Chinese. We are still polishing up the documents and hopefully to release them soon.
We are also working with third party developers, and are engaging at least 2 third party developer companies, so that we can help create their services on Function X and also XWallet.
We are hoping to showcase a smooth and usable service to the audience, we think this is the key criterion of the Function X growth.
Thank you for this suggestion. We need to update more often on github developer documentation as well.
As for the white paper, we did not have one per se because Function X did not do an ICO. But we will continue to update our white paper and include not only technical details, but also details on the chain and how we can get more developers and users so that the future hardware will be added as a node and you will be rewarded financially, at least through our ecosystem genesis fund. Please stay tuned and there are a lot of things going on in the company. Each and one of us is working hard.
* **Why does the FX ecosystem need a decentralized OS?**
Zac: The mantra of Function X is decentralization and having private control of your data. A full private control of your data comes with a decentralized system not just in transmission of your data, but with the operating system built fully for decentralization , which includes a transmission protocol replacing http. The apps uploaded into Function X will be decentralized as well as the data that is stored on the app, which means that how BitCoin or crypto assets are verified on different nodes will also be part of the way we store data and content.
The decentralized OS is key to fulfilling a decentralized environment for a more private and free usage.
* **What about FX are you most excited about?**
Zac: We are actually creating a shift of how people view of blockchain and how decentralization is not just about transacting commercial commodity, but also data, including your identity, are all decentralized. That is what we are most excited about.
The only way for us to achieve this is to have developer support, for we need the developers to build on the foundation we have to offer those exciting services.
* **We understand that developing a new blockchain is time consuming. As a community we are in a dark space to understand where exactly the development of FX right now.**
Zac: We are working hard on creating the testnet and eventually the mainnet. For the latest updates of Function X, what I can encourage you to do is to go on and subscribe to the Function X telegram group where discussions are made. We have formed the Function X Foundation and created the developer relations team, so that the Function X progress will go smoother and with more partnership from outside, whether it’s developers, third party companies, teleco, etc.
* **When FX goes live on the mainnet, will FX coin be used to stake and earn NPXS? how will staking work on that new mainnet?**
Zac: The NPXS/NPXSXEM staking will last till March 9, 2020 as announced. What we are committed is to create more use cases. For FX tokens, the use cases will be focusing on the Function X Chain and the use cases on Function X that include DApp on Function X and different hardware/software services.
* **When fx testnet will be available?**
Zac: First I would like to thank you for your constant support. In Q3, we plan to open Function X testnet so that we will be migrating and creating certain use cases that can be used on Function X testnet, starting with our own XWallet. Which means, the XWallet will migrate some features into Function X testnet, and slowly followed by our other Pundi X products, including XPhones, XPASS, Open Platform and Function X own developer related products from third parties.
submitted by crypt0hodl1 to PundiX [link] [comments]

Dubai Blockchain strategy

Dubai Blockchain strategy
The Blockchain technology and cryptocurrency are not new to the UAE as the oil-rich conglomerate of nations have launched the Dubai Blockchain strategy in 2016.
Learn more about the Hamdan Token. Click Here: www.hamdantoken.io
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https://preview.redd.it/zyyubo0vzy641.jpg?width=520&format=pjpg&auto=webp&s=904f4a6a5a51345f123fab0c68030eaab1ba2aa7
submitted by hamdantokenofficial to u/hamdantokenofficial [link] [comments]

Cross-currency transactions in the XLMwallet

Cross-currency transactions in the XLMwallet
Apart from scaling, arguably the key issue of the crypto industry is mass adoption. Stellar has solved the first issue, being one of the fastest blockchains out there. But what is it that makes Stellar one of the most promising blockchains in terms of adoption?
In today’s post, we’ll explain how you can store just about any asset in your XLMwallet — from euros to commodities like gold. Anything that can be digitalized can become a Stellar asset. How is this possible?
Stellar was designed as a platform to transfer fiat currencies across borders almost instantly and as cheaply as possible. In other words, Stellar is not a cryptocurrency for cryptocurrency’s sake. It has a purpose: to serve as a link between the world of crypto and the traditional financial markets. It’s great to talk about a future decentralized economy where every person becomes their own bank and even people in the poorest countries can use crypto. But this is a far-fetched vision. In the next decades, fiat currencies remain the basis of the global economy. Dollar, euro and yuan aren’t going anywhere. Hundreds of millions of migrant workers will still need to send money home — and their families will need that money in their local fiat currency. Crypto enthusiasts often forget that most of the world’s population still lives in cash economies.
Here’s where Stellar can make all the difference. You can take any fiat asset and turn it into a digital token. It doesn’t even have to be a currency — you can tokenize grain, gold, oil, mineral ore, coffee, anything. No complicated coding is needed to issue new assets. You can also customize the settings to limit access to your token. For instance, you can implement an obligatory KYC or exclude nationals of certain countries from trading your tokens.
How is your underlying real-world asset converted into tokens? This is done by a network of anchors — entities that accept fiat assets and issue credits instead. Any licensed financial institution can be an anchor. So for example, imagine that your an expat worker from South Asia living in Dubai. You earn UAE dirhams, but your family back in India should receive rupiahs. You bring your fiat AED to a Stellar anchor institution — for instance, a bank. They take the money and add credits to your blockchain wallet — tokenized AED. You enter your XLMwallet, enter your recipient’s blockchain address and the amount. Stellar automatically converts tokenized AED into tokenized rupiahs, and in a few seconds your wife receives the transfer. She visits her local anchor institution and receives fiat rupiahs, while the tokenized credits are removed from her account.
What does this mean for the users of XLMwallet? That you can potentially transact with any currencies, fiat or crypto. Of course, so far there aren’t many tokenized fiat currencies in the Stellar network, but their number is growing. It’s not for nothing that IBM is building its new global money transfer system based on Stellar.
Next time, we’ll look at how Stellar’s consensus protocol works — this will help you understand how the transactions in your XLMwallet can be processed so fast.

https://xlmwallet.co/
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Web site - https://xlmwallet.co/
Medium - https://medium.com/@stellar_wallet
Teletype— https://teletype.in/@stellar_wallet
Twitter - https://twitter.com/XLMwalletCo
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Cryptocurrencies Vs Sanctions: The Battle Of The New Decade

Cryptocurrencies Vs Sanctions: The Battle Of The New Decade
In January, US President Donald Trump called for tougher economic sanctions against Iran amid a worsening conflict between the two countries. Pressure from America has been affecting the economy of former Persia for over 40 years, starting with the Islamic Revolution in 1979. But it seems that in 2020, the Iranians found a way to reduce the impact of many restrictions. In late January, journalists from the Arab international publication Asharq Al-Awsat told the world about Iran’s new bitcoin strategy, whose main goal is to circumvent international sanctions. At the same time, not only Iran, but also a number of other states are interested in the opportunity to deal with economic restrictions using digital money. Why do cryptocurrencies see salvation from sanctions? What role will CBDC play in this? And how do regulators imposing economic sanctions respond to the new movement?

https://preview.redd.it/2m36sp6cpvf41.jpg?width=1480&format=pjpg&auto=webp&s=afb1b82de1514cda1ebc7acfcbb5c34f0b3d93d7

Iran and US example

Sanctions imposed on countries may differ in terms of severity and scope, but they are united by one thing — they negatively affect the local economy to a greater or lesser extent. Therefore, it is quite reasonable that many would like to get rid of them. Moreover, some countries, such as Iran, experience them very painfully. According to Asharq Al-Awsat reporters, only in the last two years, under the influence of US sanctions, the Iranian economy has dipped by 10–20%.
The example of Iran today is not just the most relevant. It also perfectly illustrates the severity of the sanctions and how cryptocurrencies help get around them. Under US restrictions, no American companies (including banks) are allowed to do business with Iranian partners. This actually cuts off Iran’s trade force, because the country is losing the ability to enter into profitable agreements with many of the world’s largest corporations. This situation is especially critical given how much Iran could earn from the US oil trade (just take a look at the UAE).
The second most important economic burden weighing on the shoulders of the Iranians is the ban on the use of dollars and disconnection from the international SWIFT system. For domestic transactions, such a restriction is useless and hits the state in about the same way as against a wall of peas. However, it seriously complicates foreign trade, because any Iranian international company is forced to rely on alternative currencies. This applies to absolutely all transactions with foreign companies, the vast majority of which use the dollar when conducting international business. Only a small part relies on the euro and even more so it is unlikely that any of the large companies will want to conduct transactions using the weak and unstable Iranian rial.
Naturally, pressure on Iran’s foreign policy negatively affects its internal state. In such a situation, bitcoin for the country becomes a kind of messiah, because it can be used to circumvent legal barriers and conduct international trade outside the traditional banking system. A good example: using bitcoin, you can conclude deals with foreign companies, including American ones (behind the scenes), and sell them the same oil.
Bitcoin is used not only by governments, but also ordinary citizens. Cryptocurrency for them is almost the only opportunity to send a transfer abroad and save money with high inflation and devaluation of the national currency.
At the same time, the Iranians consider Bitcoin not only as a payment instrument, but also as a source of income. We are talking about banal mining, which unfolded on a large scale amid cheap Iranian electricity and the constant devaluation of the rial.
Asharq Al-Awsat cites 2019 data:
• Last year, 1,650 Iranians using bitcoin were interviewed. • It turned out that 25% of them earn on cryptocurrencies from $ 500 to $ 3000 per month, including mining.
Initially, the idea of ​​mining was not particularly liked by the government, which prefers to punish the locals for the abuse of cheap electricity. However, in August 2019, mining in the country was recognized as a legal sector of the economy. Since then, regulators have issued more than a thousand licenses for the legal mining of bitcoins to local entrepreneurs. At the same time, today, the Iranian authorities themselves produce cryptocurrency and use the received coins to finance the state and carry out trade transactions in circumvention of sanctions.

Cryptocurrencies as a salvation from sanctions

Iran’s example is far from the only one when it comes to the use of digital money with the goal of circumventing sanctions in one way or another. For instance:
• At the end of 2018, the Venezuelan government launched its own digital coin, Petro. Technically, this is just another ERC20 token based on Ethereum. But in practice it is a tool for concluding international transactions bypassing sanctions imposed by the American government. When launching the national cryptocurrency, President Nicolas Maduro bluntly stated that Petro would help the country “break the financial blockade.” It cannot be said that the Venezuelan initiative has succeeded at the international level, however, the very idea is a “wake-up call” for world sanctions. • In November 2019, the BRICS countries (Brazil, Russia, India, China, South Africa) expressed interest in creating a single cryptocurrency for trade settlements between the members of the union. This is a certain analogue of SWIFT, the main purpose of which is to protect itself from sanctions in order to avoid situations, as in Iran. A similar question is especially acute for China, which is waging a trade war with the United States and runs the risk of running into serious economic measures on the part of Washington, as well as for Russia, which is under growing pressure from world regulators. • Two months ago, US law enforcement authorities arrested Ethereum developer Virgil Griffith for aiding the DPRK authorities in circumventing sanctions. The FBI claims that Griffith attended a local blockchain conference and talked about options for using cryptocurrencies for illegal international payments. First and foremost, US authorities fear that North Koreans will use knowledge to fund a nuclear weapons program. • A few days ago, the popular Blockchain.com crypto wallet (formerly Blockchain.info) added the ability to quickly convert the Turkish lira to BTC and vice versa. Turks are interested in diversifying their savings, since the national currency is experiencing serious problems and today it is estimated at only 20% of its value in 2008. In many ways, for its problems, the lyre should “thank” the American sanctions imposed on Turkey for its role in the situation with Syria. And even if they were canceled in October, the US Senate in December called on Trump to apply new economic restrictions in response to the fact that Turkey is a member of NATO and does not shy away from purchases of Russian defense systems. Amid these problems, foreign banks are gradually ceasing their activities in the country, exacerbating the unenviable position of the Turks. Meanwhile, already a quarter of citizens are actively using bitcoins and are thus protected from the consequences of sanctions. In an attempt to save the economy, the Turkish government is seriously considering the use of national digital currencies.
It is interesting that with the help of cryptocurrencies it is possible to bypass not only international, but also internal corporate sanctions in almost any country in the world. We are talking about the most common state prohibitions on any product or service. The fact is that in almost all countries of the world such restrictions imply a legal backdoor for ordinary citizens, because the criminal liability applies only to service providers, but not to consumers.
Let us illustrate with the example of Norway. The government has officially banned the gambling sector. Under the law, almost everything that remotely resembles gambling rates is prohibited. Nevertheless, the growing number of new online casinos suggests that the ban does not work. Why is that? Because local gaming platforms are managed anonymously, use advanced security measures and implement a cryptocurrency payment system. As a result, the authorities, purely technically unable to track the owners and close illegal sites. But most importantly, the Norwegians are calmly betting on digital money, without fear of the wrath of regulators and any legal consequences. Just because the law says that the consumer is not to blame.

Is this good or bad

All of the above looms in a rather controversial picture:
• On the one hand, crypto enthusiasts around the world should be proud that the blockchain technology has turned out to be so powerful and effective that entire countries consider cryptocurrencies as a way to repulse sanctions. In this way, states can gain long-awaited freedom and pursue the policy that they consider necessary. • On the other hand, sanctions are imposed for a reason. For some countries, this is salvation, but for others, problems. In today’s economy and politics, sanctions play an important role. In this aspect, the States see cryptocurrencies as a threat to national security, so every year they tighten the screws on crypto projects more tightly and tighten the noose around the neck of the cryptocurrency exchange.
Forbes blockchain expert Jason Brett, a former representative of the American Federal Deposit Insurance Corporation (FDIC), believes that the American authorities are confused and urgently need help from the crypto industry. Talented blockchain specialists could help develop economic sanctions that are effective in the world of cryptocurrencies. But until then, the expert believes, the policy of Americans regarding digital money will remain quite aggressive, and in their attempts to curb technology they will restrain its growth.
submitted by affilcoin to u/affilcoin [link] [comments]

Hamdan Token an innovative and revolutionary step

Hamdan Token an innovative and revolutionary step
It will be an innovative and revolutionary step towards investing in robotics and artificial intelligence based on ERC 20 technology, thereby paving the way for the citizens of the UAE and GCC to make profits from the endeavor.

Learn more about the Hamdan Token Click Here: www.hamdantoken.io

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https://preview.redd.it/sblabqjs2z541.jpg?width=800&format=pjpg&auto=webp&s=c818549dc6b0af244b4ab8c3881285611445da1a
submitted by hamdantokenofficial to u/hamdantokenofficial [link] [comments]

Top 6 gold-backed stablecoins to watch in 2020

Top 6 gold-backed stablecoins to watch in 2020
The potential overlaps between cryptocurrency and gold continue to stir debate about their respective roles in the financial sector. Gold has a reputation that precedes itself. The most pre-eminent of precious metals has been a valuable standard since the earliest human civilizations.
In the current investment scene, gold plays the useful role of a safe-haven asset. Investors can hedge a certain amount of gold as a means of portfolio diversification. It might, therefore, seem like an affront to compare gold to crypto. Cryptocurrencies like Bitcoin are synonymous with volatility, which makes traditional investors like Warren Buffet steer clear.
Still, gold can work with crypto in remarkable ways. The similarities, whether in the form of decentralization, inelastic supply, and independence from mainstream stocks, make for exciting use-cases. Add gold-backed stablecoins to the scene, and the conversation is even more engaging.

What Are Gold-Backed Stablecoins?

A stablecoin is a cryptocurrency whose value corresponds to a valuable asset. The valuable asset could be anything from fiat currencies to precious metals, or even oil. USDT, the current leading stablecoin, came into prominence because its value was tethered to the US dollar.
Therefore, gold-backed stablecoins use gold as their base physical asset. Stablecoins offer more stability than a typical cryptocurrency would enjoy and, as a result, they have earned credibility with investors keen on that trait.
For gold-backed stablecoins, the typical structuring is that one token of stablecoin equals one gram of gold. The stablecoin’s price cannot fall below the prevailing rates for gold at any time. The physical gold is in the hands of a trustworthy third party.
Gold-backed stablecoins leverage gold’s stability to create unique digital currencies. Traders use stablecoins to hedge against inflation, which is a distinct risk when handling cryptocurrencies. In specific ways, they can act as reserve currencies for the cryptocurrency sector.
In a real-life example, developing countries trade with each other but use established currencies like the US dollar to facilitate trade, rather than handling the unstable native currencies of their trading partners. In the same way, high-frequency traders on a crypto exchange can use a stablecoin to reduce their exposure to volatile cryptocurrencies.
Other specific uses of stablecoins include:
  • Stablecoins can be a saving asset because they have a stable value. When handling other cryptocurrencies, an investor can rely on a stablecoin to store value until they have to make trades.
  • A stablecoin can facilitate interbank settlement as it is a reliable standard.

Top 6 Gold-Backed Stablecoins

Gold-backed stablecoins have off-chain physical gold to back up their native blockchain tokens. This detail is the common thread for gold-backed coins and is the reason behind their stability. Here are some notable entities in this field:

1. Digix Gold Tokens (DGX)

Digix is a notable gold-backed stablecoin from Singapore. The company uses blockchain technology to offer DGX tokens with gold backing. Digix has two types of tokens of offer: Digix Gold (DGX) and Digix DAO (DGD). Each DGX token equals one gram of gold.
The platform uses a unique protocol called PoA (Proof of Asset) or PoP (Proof of Provenance) to ensure smooth transactions. Digix places LBMA-approved gold bullion in its Safe House vaults to guarantee the exchange rate.
Therefore, Digix uses a real asset (gold), transfers its value to the blockchain, and evenly distributes shares among participants. Token owners participate in the platform’s development and can also exchange tokens for gold or any other coin.
Since the tokens are in the Ethereum EIP20 format, investors can also use them for Ethereum contracts. Digix outsources auditing to French certification company Bureau Veritas every three months. With a proven track record since it began operation in 2016, Digix has a prominent position among those who provide asset stablecoins.

2. GoldMint

GoldMint is a Russian blockchain platform that issues stablecoins backed by 100% physical gold or exchange-traded funds (ETFs). The founders have a wealth of experience in the gold processing industry.
GoldMint founders have connections to an extensive pawnshop business in Russia. A core component of gold ownership is smallholders in items like jewelry. Pawnshops are, therefore, a key conduit for gold movement because of gold’s universal acceptance.
The platform issues two native tokens: Gold and the MINT tokens. Gold is an investment token with full physical gold backing. A Gold token has the value of an ounce of gold by international standards. The GoldMint platform uses a private blockchain and graphene technology.
GoldMint relies on an automatic diagnostic system in its Custody Bot to process information. The information ensures the MINT blockchain issues the correct amount of Gold tokens. Masternode operators earn commissions for every transaction of the MINT blockchain. Owing to the widespread pawnshop access, GoldMint exceeded 5,000 kg of scrap gold trading annual turnover in less than two years of trading gold tokens.

3. Ekon Gold

Swiss startup Eidoo launched its gold-backed stablecoin in late 2017. The Ekon Gold stablecoin came soon after that. This token is ERC-20 compliant, and is tradable on the decentralized hybrid exchange of the project.
Ekon founders made it so that traders could only exchange Ekon for one gram of 999 gold in a special store in Switzerland in insured safe deposit boxes. An independent auditing company, PluriAudit SA, audits the platform every quarter.
Compared to some others, this company is more limited and more precise in its operations. Despite this, Eidoo raised $27.9 million during its token sale in October 2017 and gained a license from Swiss regulators. The company is keen to comply with AML regulations and complete the KYC procedure up to Tier 2.

4. Tiberius

Tiberius is yet another Swiss stablecoin. Its mother company, Tiberius Group AG, announced the issue of Tiberius tokens in September 2018. Tiberius tokens offer high stability as they boast the backing of a basket of seven precious metals, including gold. This platform is still in its formative stages of operation but is already attracting investor interest.
Just like Ekon Gold, Tiberius ensures its operations are on the right side of the relevant Swiss laws. The platform has delayed the sale of Tiberius Coin.
CEO Giuseppe Rapallo attributes this delay to the desire for more diversification, in order to make the coin even more stable. This coin is looking to anchor its value to a wide range of stable assets.

5. OneGram (OGC) — UAE

The OneGram project aims at ensuring that each token has the backing of at least one gram of physical gold. The choice of gold is deliberate because gold is one of six Ribawi assets that can be freely traded across the Muslim world.
The context is important because the UAE is an Islamic country. Making the coin Sharia compliant will endear it more widely to the native population. OneGram relies on a Proof of Stake (PoS) blockchain to facilitate fast transactions.
Notably, it features a democratic community of OneGram stakeholders who elect delegates and validators. In summary, the coin combines the stability and reputation of gold, the convenience of cryptocurrency, and Sharia compliance. OneGram can be the key that opens up the Arab and South Asian markets to cryptocurrency.

6. Novem Gold (Liechtenstein)

Novem Gold is the final installment in this illustrious list of gold-backed stablecoins. This unique platform stores gold securely in Liechtenstein, which has suitable legal and security arrangements to operate seamlessly.
Novem Gold has two types of tokens: the NNN and NVM tokens. Each 100 NNN tokens correspond to a gram of gold in the company’s storage facilities. Token holders have a convenient platform to trade gold digitally. Traders have the assurance of a stable gold-backed token, which complies with a specific value ratio.
Novem Gold founders have tremendous experience in the precious metals trade. Investors can have digital ownership of LBMA-certified physical gold. Anyone can tokenize their gold at the brick-and-mortar stores Novem Gold intends to open in a number of major European cities.
To ensure that the ratio of NNN tokens to gold remains correct, Novem Gold has partnered with respected auditor Grant Thornton to carry out quarterly audits. Novem Gold conducts regular token burns to ensure the scarcity ratio is intact.

To Sum it Up

Given the fact that cryptocurrency is a very volatile asset, a stable crypto monetary system seems like a lofty ambition. Gold-backed stablecoins have the potential to change this narrative completely. Anyone with a knowledge of finance knows the reliability of gold as a store of value.
Therefore, backing crypto with a tangible asset like gold offers a viable option to those who are wary of crypto’s volatility. You can enjoy the luxury of not having to store or transport the bulky precious metal.
https://preview.redd.it/4r359npz3l541.jpg?width=1920&format=pjpg&auto=webp&s=64c07f6b7804638ca1846486f6bfd744d98a76ac
submitted by y0ujin to NovemGold [link] [comments]

Dubai Crypto Heist - Busted! How to purchase bitcoin in UAE GCC Interview with a Dubai CRYPTO TRADER!!! Trading Cryptocurrency In Dubai + Cryptocurrency Contest Bitcoin Loophole UAE Review 2020, Scam Or Legit Trading ...

Regal RA DMCC is the first company in the UAE to become a fully licensed and government-sanctioned crypto trading firm. The firm, which is also one of the most well-known gold dealers in Dubai, recently expanded into the crypto storage space, and now offers its clients cold storage vaults for their crypto holdings. DEX, a new UAE bitcoin and crypto Multilateral Trading Facility and Custodian, has now secured a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market in the United Arab Emirates.The FSP authorizes DEX to operate a regulated Multilateral Trading Facility (MTF) and Custody platform using Virtual Assets that will serve retail ... While some people believe that there will be a rebound in the stocks in UAE as well as a change in CFD trading and binary options trading opportunities, the real potential may lie with the cryptocurrency market. As the government continues to make the UAE more attractive for crypto exchanges, now is the time to get involved. A leading cryptocurrency exchange and multi-signature wallet platform to buy and sell Bitcoin, Ethereum, XRP, Litecoin and Bitcoin Cash. HashCash Consultants, a US-based blockchain and cryptocurrency development firm has announced that it would be supplying crypto exchange in UAE its advanced crypto trading bot software. According to the announcement, HashCash would extend its relevance to the Middle East by providing its software to...

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Dubai Crypto Heist - Busted!

Dubai Heist. Fancy becoming a crypto-millionaire for all of two days before being sent to jail? Thats exactly what 10 not-so- clever gang members in Dubai can attest to. The plan was simple ... Bitcoin Loophole UAE Review 2020. Bitcoin Loophole app is a great crypto trading robot that we recommend for any trader aiming to maximize their returns. Today's video is a little different. I sat with a friend of mine who is also a Crypto trader and we talked about all things crypto. How do these guys make money?? He also explained ICO's and the ... In Dubai talking about Cryptocurrency. Stay tuned for the next video to give more details about the Cryptocurrency contest and how you can win some free Cryptocurrency and start trading! Crypto Point Hindi 46,476 views 13:01 എന്താണ് ബിറ്റ് കോയിൻ ദുബൈ റേഡിയോ ടോക്ക് ഷോ What is bit coin Radio talk show dubai ...

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