FCoin’s FMex Launching Soon: The First Derivative Trading Platform For The Traders

In the last one year, FCoin has been capturing and redefining the crypto exchange market. The company launched trans-fee mining model, Fractal public chain, and a Sustainable Mining mechanism. Now, FCoin is launching FMex — the first derivative trading platform where traders are the owners.

The FMex testnet is already live, and the official trading will begin this week on October 26th with several contests in the pipeline. Earlier we covered FMex, when the company was issuing FMex tokens (also called FM), and now there are some latest updates worth sharing.

FMex is a contract trading platform revolving around the community. In other words, the community members are the stakeholders. You make the decisions, earn daily dividends, and participate in the growth of the platform.

In the last 4 months, FMex has evolved with community-based decisions and the platform has been rigorously tested for bugs and issues. Here are 3 major benefits:

Benefit #1: FMex 80% income distribution

FMex platform will distribute 80% of the platform’s revenue to the users holding the FMex token. This is distributed every single day — and currently no other derivative platform is doing this.

In fact, this distribution model stems from FCoin, which continues to distribute its daily revenue to the FT token holders.

On top of this, any user holding assets greater than 3 BTC with a certain trading volume will be automatically eligible for the VIP program offering negative maker fee and a discounted taker fee.

Benefit #2: FMex Follows Sustainable Mining

To understand this, you have to understand FMex’s token economy. Currently, this is how the tokens are distributed:

In short: Out of 1 billion tokens, only 300 million FMex tokens are available. The rest 35% tokens are locked and owned by the FCoin community for three years. The remaining 35% is used for Sustainable Mining.

Sustainable Mining is a mechanism in which users earn tokens for trading activities. Maybe you are placing a limit order, or executing a trade, you can earn FMex tokens. These tokens are locked for one year, so there is no immediate inflation.

Through this mechanism, both FCoin and FMex are making traders the owners of the platform.

Benefit #3: FMex’s Community-Based Governance

To truly build a decentralized community-based platform, incentivizing users is not enough. Users should rule, and this is what FMex offers. It allows users to vote and decide.

Recently, the income distribution and Sustainable Mining decisions were made through voting:

At the time of writing this article, FMex also offers various mining competition (1, 2) allowing KYC users to participate in BTC contract trading to earn rewards. With all these benefits, we believe FMex is set to challenge the current derivative market.

via LuvCrypto

Dubai’s Real Estate Giant Emaar Properties Enters Blockchain — Soon To Launch EMR Tokens!

Valued at $9.7 billion, Emaar Properties has been creating harmony in the UAE. It is the name behind Burj Khalifa (tallest building in the world) and Dubai Mall (second largest mall). And now, the real estate giant is going international with blockchain.

According to the press release, Emaar Properties is launching a blockchain-based referral and loyalty platform for its users — before the end of 2019. The company will also launch digital tokens to support the platform.

The Blockchain Platform Comes With EMR Tokens

The blockchain platform will be called EMR. Available in the form of an app (for Android and iOS), the EMR platform is primarily designed to create a community around Emaar Properties. Not only will users be able to refer new users but also access the loyalty program to earn EMR tokens. Exact details will be out when the whitepaper is released.

On EMR token sales: Emaar Properties is working with Bitcoin Suisse AG — a swiss-regulated intermediatry in the crypto space — to launch EMR tokens. The token sale will be announced before the end of October.

The EMR tokens, as per the details shared, can be used across various assets owned and operated by Emaar — from ecommerce portal to booking breathtaking hotels, stunning malls, and on dozens of real estate properties.

Speaking of EMR acting as a utility token, Chairman of Emaar Mohamed Alabbar stated:

“We didn’t become Emaar by standing still, or by thinking small. By launching the EMR utility token ecosystem, Emaar is expanding the concept of connection. We aren’t just looking into the future — we are building it.”

Emaar Properties: Mohamed Alabbar

Emaar Properties Uses Quorum blockchain

JPMorgan’s Quorum is the underlying protocol used to build the EMR platform. The promote the protocol, Quorum has also partnered with Microsoft Azure and has been silently adding major clients in the background — one of them being Emaar Properties.

Through the Quorum’s private blockchain solution, Emaar Properties can keep its transactions private and permit certain parties to access the data, eventually adding a layer of security. In the future, the platform can also introduce voting-based consensus mechanisms.

All in all, Emaar Properties entering blockchain can revolutionize the real estate industry. It will also bring millions of users into the ecosystem, as stated by Hadi Kabalan (the Director of Tokenisation at Emaar):

“We have an existing ecosystem and a large customer base, as well as millions of further potential users globally who have yet to discover Emaar. Our blockchain token platform positions us to grow our user engagement with today’s digital-native, mobile-first generation who expect a fairer internet and want to be part of the conversation.”

via LuvCrypto

Emirates Airlines & Loyyal Completes Their Blockchain-Based Pilot Program

Loyyal, a blockchain-based rewards platform has completed its pilot program launched in partnership with Emirates Airlines. The news comes right after Loyyal completes its Series A-4 funding round with USD $1.15 million raised.

The pilot program was launched within the Emirate’s frequent flyer programme – Emirates Skyward – back in March, 2019.

On the completion of the pilot, Emirates Skywards divisional senior vice president, Dr. Nejib Ben Khedher commented:

“The pilot was a success providing real time visibility into partner transactions as well as increased operation efficiency.”

Loyyal isn’t new in the blockchain space. They are one of the largest innovators of the loyalty and rewards industry – with over $1 trillion in cirulating rewards. The company uses blockchain to maintain and distribute rewards quickly and efficiently.

Integration with Loyyal allows Emirates Skywards to provide additional benefits – tailored to specific preferences while cutting down on costs – for their 25 million global members in near real-time. 

Loyyal CEO and founder Greg Simon said that loyalty programs would be soon seen as “killer app” for blockchain technologies.

Loyyal has also recently completed pilots with one of the three major “airline alliance” to serve more than 500 million passengers across the world. This has helped them greatly, allowing the company to gain data and insight on improving their future services.

Speaking of the future, Mr. Nejib added:

“We’ll be looking to streamline partner transactions as well as ensure cost-savings by reducing the financial liability that large-scale loyalty programs such as Skywards carry using Loyyal’s blockchain technology.”

 

via LuvCrypto

Tesla’s Rival Karma Automotive Accepts Bitcoin Payment For Its Luxury Electric Cars

Known as the expensive version of Tesla cars, eco-conscious Karma Automotive is all set to embrace cryptocurrencies. The California-based company now accepts bitcoin in its flagship store at the Newport Beach, California.

As per the company’s blog post, payment for new sales and car services can be carried out through bitcoin. This is done for two reasons: one to serve the VVIP customers, and the other to elevate the company’s brand positioning. By embracing cryptocurrency payment, Karma Automotive aims to be a “high-tech incubator” in the industry.

Speaking about this major announcement, CEO Dr. Lance Zhou said:

“We are opening our platform to serve as a test bed to help convert theoretical blockchain applications to practical use.”

Karma Automotive’s luxury cars are fancy — using gasoline, solar, electricity as fuel — and has evolved with time. Some of Karma’s car compete with entry-level versions of Tesla.

The New Karma Revero costs $130,000

Karma Automotive re-emerged in 2013, after the Chinese manufacturer Wanxiang Group purchased the company at around $150 million. Plus, to streamline the production process, the company has moved its assembly and manufacturing process to Southern California, and aims to expand to Canada soon.

For now, as the transaction time for bitcoin can take longer — sometimes even hours — the company has limited this form of payment to VVIP customers.

The introduction of bitcoin to make payments is, in many ways, an electrifying move by the company.

via LuvCrypto

Tron’s BitTorrent Speed Receives An Upgrade; Offers Free BTT Tokens

Tron-acquired BitTorrent has launched the next version of BitTorrent Speed, which fixes several important issues while also offering 50 BTT tokens for free. This is the second update after the launch of the first beta version in early July 2019.

Shared by Tron’s Justin Sun on Weibo, the new BitTorrent Speed is met with rigorous internal testing and integration of user feedback. The earlier version crashed when you were downloading files, pop-up appeared for no reason, and importing wallets was a hassle.

The new version is better. With BitTorrent Speed 2.2.1, there’s a new layer for securing local passwords, and it is mandatory to add recovery phase before creating your wallet. Users can also import and restore wallets without any issues. For airdropping free tokens and avoid bots, captcha has been integrated.

Plus, through BitTorrent Speed, you can also track and manage your crypto earnings. If you want to send tokens? That’s easy too. You are really just a click away. 

Note: BitTorrent Speed is connected to the uTorrent client. It also allows users to earn cryptocurrency (BTT tokens). Seeders (uploaders) can benefit by sharing files while leechers (downloaders) can download files by paying BTT tokens — only if you want to download files at a high-speed. It is just a traditional content sharing mechanism with the inclusion of BTT tokens.

Download BitTorrent Speed For Windows OS + Free Tokens

BitTorrent Speed is only available for Windows. Mac OS users have to wait. In fact, if you import an existing wallet, or create a new wallet with the new BitTorrent Speed, you can earn 50 BTT tokens.

At the time of writing, each BTT token is priced at $0.00044332 (CMC).

Download link here: https://www.bittorrent.com/speed/

With over 100 million active users, in over 138 countries, BitTorrent has been a household name in the torrent space. It empowers clients like uTorrent to use its protocol.

As you think about it, uniting BitTorrent protocol and blockchain technology has done wonders: not only are users able to share files but also earn cryptocurrency.

via LuvCrypto

European Barge Transportation Market To Implement Paperless Trading, Thanks to Blockchain

The increasing role of blockchain technology in logistics and supply chain is not a secret. We hear the news of various companies adopting blockchain to improve their supply chains every now and then. Now Europe’s barge market is also set to be improved with the help of blockchain.

Two companies, namely VAKT and essDOCS, have joined hands to make it happen.

Before we look into the partnership, let us learn a little about them. essDOCS is a company specializing in paperless processing of trade transactions, while VAKT specializes in paperless post-trade processing of commodities. Together, these companies plan to put an end to the current paper-based post-trade processing method of European barge markets.

To get started, the companies will focus on the tanker barge market of Northwestern Europe. A joint statement published by them explained how current processes work and how their process will be different from it. This is what happens under the current paper-based process:

• Trading parties agree on information which has to be sent to the terminal
• The agreed information is sent to the terminal
• Terminal adds some more information to the received information
• Terminal sends all information to barge captains
• Barge captains agree and sign for the product quantities loaded or discharged.

This process requires exchange of physical documents on every stage. It is only after completion of this whole process that the barge sails through and seller invoices the buyer.

What’s New With VAKT and essDOCS

VAKT and essDOCS plans to make this process paperless by putting it over an immutable ledger. The ledger can serve as a single source of reliable information for every party involved in the transaction.

Anyone, including trade parties and barge captains, may retrieve the information from this ledger to confirm anything about a transaction. This can drastically improve the speed and reliability of processing, as you can imagine.

If successful in Europe, both companies are also planning to expand this system globally. In short, this European experiment has the potential to change the way how the barge transportation market operate around the world.

via LuvCrypto

iFinca Launches Blockchain-Based App For Coffee Farmers

In the supply chain management process, coffee farmers were never really involved. They were never the decision-makers. This is about to change as the Colombian-based company iFinca has launched its much sought-after app this week.

The iFinca app is the first blockchain-based platform to connect farmers to the coffee industry. It guarantees fair price to the coffee farmers and is designed to streamline coffee sourcing and delivery – from farm to the roaster and cafe. 

Launched with the mission to support individual farmers in having a say in the supply chain management, the app also uses blockchain technology. Blockchain is used to verify purchases and increase efficiency across the supply chain process.

In existing system, participation by the farmers were limited and would never go beyond the organizational level. This is what iFinca aims to disrupt: by bringing farmers into the picture.

The CEO of iFinca, Alexander Barrett further comments:

“The supply chain begins at the farm, that’s why we’ve focused our energy on creating a platform to reach through to farmers.”

Not too long ago, iFinca received the Best New Product Award in Technology at this year’s Specialty Coffee Association Expo. The Best New Product award recognizes new products representing quality and adding value to the specialty coffee and tea industry.

As the company’s technology CoffeeChain validates transactions and connects coffee farmers to the supply chain, iFinca witnessed several benefits:

• The process demonstrated a verifiable increased returns in coffee’s price per pound — benefiting the farmers.
• Consumers were able to access the details about their coffee – including the price set by the farmers – after they scan the QR code.

In short: iFinca app is not only adding transparency to the coffee supply chain process but also helping farmers earn more.

Download the app: iOS – Android 

via LuvCrypto