Huobi Offers Platform Utility Token, ‘Not An ICO’

Former exchange Huobi announces token creation for platform utility.

Huobi, the cryptocurrency exchange, has announced that they will issue a token (the ‘Huobi Token’ or HT) starting January 23. The offering will be capped at 500 million tokens, of which 300 million will be offered to investors and the remainder kept as user incentives or team rewards. 

The offering, though, is not to be understood as an ICO, with the Huobi press release indicating that only users who are actively participating in the platform can receive HT. 

“HT is not an initial coin offering (ICO). Users can only get HT by purchasing ‘Point Card’ on Huobi Pro. Point Card is Huobi’s pre-paid card for basic service charge. 1 point = 1 USDT.”

The announcement also indicates that the company will devote 20% of profits each year to a buyback program to bring the HT off the market. By structuring utilities on the network this way, the company will be able to collect fees in advance and maintain customer loyalty over the long haul. 

“For example, if you purchase the 1,000 HT package, it will only cost USDT 990, and you will get 1,000 HT for free. HT can be used for offsetting the trading fees.”

The token offering is the latest attempt by the company to restructure their business model after the Chinese regulations regarding exchanges and ICOs.

Ethereum being tested Out by Canadian Research Unit

Ethereum Trialed

The Ethereum blockchain is being researched and trialed by the NRC – National Research Council of Canada. The government initiative could find usage of the technology for recording gov contracts.

The Catena platform has been chosen by NRC to be used from the startup Bitaccess for putting out data on gov contributions and grants over the open-source block.

The effort is part of a move to make the government’s administration boost transparency, according to a press release. The NRC’s Industrial Research Assistance Program is the first entity to test the technology, and is already releasing contributions information. The group will also assess how the government can apply blockchain technology in other areas.

Moe Adham – Co-founder of Bitaccess, added on the event that the firm has designed the platform [Catena] as a choice for organization to get closes to the technology and get to know it.

“Our goal is to enable institutions to become fully transparent, and enable constituents to participate in the verification and validation of public information.”

However, this is not a surprise for the nation to foray into the technology as the central bank is in the middle of taking its experiments on blockchain platforms [especially those with settlement systems.

The “Project Jasper” [the Bank of Canada on-going project] is in the third level of its research proceeding with resiliency under periods of stress and securities settlements.

The post Ethereum being tested Out by Canadian Research Unit appeared first on Ethereum World News.

A Social Network for Buyers and Sellers to Boost International Trade With its Crypto Currency

TraDove joined up 250,000 corporate users from 100,000 companies on its own B2B platform based on Blockchain.

Despite the fact that Facebook and LinkedIn are used by millions today, these social networks seem to miss a major trump card in future – they do not use Blockchain. Meanwhile, a startup called TraDove has become the premier B2B social network based on Blockchain.

“We make it fast, safe and easy for buyers and sellers around the world to connect,” says TraDove’s website. According to it, today over 250,000 corporate users from 100,000 companies are running platform from over 80 countries. Employees of Nestle, Tata Motors, Huawei, Toyota, Walmart, General Electrics, Boeing, Siemens, Ford, and other international giants have already joined the B2B network.

Reshaping the global trade connections

TraDove is trying to challenge the way international trade companies are being connected today. TraDove CEO Kent Yan, an MIT graduate in engineering, believes that importing, exporting, purchasing and other regular trading procedures may be changed by the opportunities that Blockchain provides. The startup wants to bring transparency and authenticity to the B2B enterprise space.

They are effectively creating an intelligent platform to connect business partners via a social network. Spanning both local and global markets, TraDove operates with a commitment to help corporate buyers and sellers make deals.

According to Kent Yan, the TraDove was created as a reaction to frustration with international trade that Mr. Yan feels. The social B2B network was formed to authenticate, vet, and review buyers and sellers with the use of smart contracts to execute safe B2B global interactions.

“As a result, I came up with this idea to create a business-oriented social network to connect corporate buyers, sellers and other partners together so they can find each other in clicks rather than weeks or months,” Kent Yan said in the Q&A to the E27 news website.

What’s about building a social network on Blockchain?

TraDove intends to use Ethereum-based smart contracts to build an intelligent platform for connecting business partners via a social network. By design, Blockchains are innately resistant to modification and are hashed to prevent cyberattacks. This is especially important for large enterprises.

“B2B is not transparent, it’s very hard to validate and qualify a good buyer or supplier,” said Mr. Yan. “You can read what you find on the Internet, but there is not a central network where these buyers and suppliers can be rated and vetted,” he added.

TraDove’s cryptocurrency – BBCoin – is supposed to provide a better payment instrument for international trade. The coin should become the first B2B token in the market, that opens up corporate demand for cryptocurrency and boost companies’ sales, marketing and trading needs. BBCoin will also be used as a payment instrument for trusted B2B transaction, especially international trade.

Using the cryptos, companies may eliminate local banking stress and enjoy ease and low cost of payment to send money in and out of countries. “We will let corporate sellers use our basic services for free and use BBCoin to pay for prioritized or value-added utilities, such as notifying sellers as to buyers’ searched or expressed needs,” says the company’s website.

TraDove has launched its crowdsale campaign with a presale, it’s hard cap is expected at over $5 mln. The presale will end on Jan. 31 and the public sale will start on Feb. 1.

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

Six Questions for Crypterium: Summing Up a Successful ICO

We met with the four co-founders of Crypterium– Gleb Markov, Steven Polyak, Vladimir Gorbunov, and Austin Kimm – and asked them six questions about their ICO, which recently wound up having reached its hard cap.

Q: What are the three big takeaways from Crypterium’s successful ICO?

Austin Kimm – Number one is the size of community we were able to engage with. From the evidence, I believe we are perhaps the most successful ICO in terms of the size of the audience. That doesn’t mean just token buyers, but also people who register on the website, people from the chat room, etc. At a conference, there was a queue of more than 200 people lining up to meet me because they’d either bought into the ICO or heard about Crypterium and wanted to learn more. And I think the biggest success was that we managed to capture the imagination not only of specialists but of a whole army of people moving into crypto.

The second thing is because of this we got to meet an incredibly gifted group of people. We had a clear vision; we were a team of four and a couple more people, and during the ICO process all these people – CEOs of banks, CEOs of exchanges, strategic consultants, lots of different people – contacted us and asked questions, and this helped us to formulate a much clearer vision, which translated into hard cash; people really believed in us. We had 72,000 token buyers and collected about $50 million, which averages out to about $650 each, so an incredibly wide array of people have supported our ICO.

Steven Polyak – From my standpoint, I think the key success of this ICO was its model: the business case, the product, and how the token fits into the product. It was logical, it was clear, and I think that’s fundamental. Number two is marketing –we did fantastic marketing! – and number three is the ability to communicate with advisors and get out and develop the network of peer professionals, which helped us get more traction.

Gleb Markov

  • We finished the ICO early on reaching the hard cap, and we’re very pleased about that.
  • We became a widely popular ICO. The average token sale has four to six thousand buyers, but we have more than 60,000 token holders from more than 150 countries, and more than 300,000 accounts registered. On Telegram we have 30,000 participants, which shows the unheard-of scale and global interest in our project.
  • Thirdly, the structure of our token holders. In contrast to most ICOs, there aren’t any big checks; we had many people buying $200-$300 worth, and this is a good thing: it means we have normal, everyday people who support us, and no one will be able to control the price of our token upwards or downwards on the inevitable secondary market.

Vladimir Gorbunov – We became number one in the number of token holders in the world; we obtained an enormous user base and support from a community of 300,000 people, and we didn’t even try to blow past the hard cap.

Q: Were there any surprises for you in this ICO?

Austin Kimm – The key surprise was really how we were able to connect with the audience. When I personally try to explain cryptocurrency to my friends and family, it’s usually difficult and people look at you blank-faced. Through the ICO we put forward a very easy message: imagine if you could spend cryptocurrency the same way you spend any other currency. We broke information down into small pieces that anyone could understand. For me the biggest surprise was the response. At the beginning, I thought about 2,000-3,000 specialists would buy our tokens, but we ended up with 300,000 people registered on our platform. Also, Vladimir’s video got 4.7 million views on YouTube – that’s Justin Bieber-type levels.

Vladimir Gorbunov – It was a pleasant surprise to see the growth of bitcoin and the other main cryptocurrencies, which was a big help in reaching our goal. Another surprise was that if you wind up in the group of ICOs that collect more than 10 million, then people start to talk you down, send you all kinds of junk, write all kinds of negative reviews – complete nonsense! But the biggest surprise was that a real frenzy began towards the New Year in which we collected 35% of our hard cap.

Gleb Markov – For us, everything that I said above was a surprise: the fact that we reached the hard cap; we didn’t even think that we would get half the amount from sales, but we would have released the product anyway. It was also a surprise that statistically we differed from all other ICOs in having so many buyers. For most token sales, the standard scenario is that there are many, many sales the first few days, and then they dry up. For us, it was the other way around, and in the final days of the token sale, when there were no more bonuses available and tokens were purchased 1 for 1, in the days before New Year’s when the price of altcoins was rising against bitcoin, and such purchases became even less attractive, we were collecting $1 million a day, and in some of the final days we sold more than we had in the initial days.

Q: What were the key difficulties that you had to tackle during the ICO?

Vladimir Gorbunov – Preparing for an ICO is a really complex process, since there’s a huge amount of work to be done by a specific date that can’t be deferred, and it’s like preparing for elections – you have to get it all done. It’s absolutely unknown how the community’s going to react to the project since no one in this segment had anything like it. There’s such psychological pressure, constant tension, attacks of nerves, accidents: it all made it one of the most difficult stages.

Steven Polyak – I think that the difficulty was to attract institutional investors. It was not an easy start, but it became easier as we began to get a lot more interest.

Austin Kimm – The biggest problem we faced was platform speed, of coping with the number of potential token buyers and distribution of tokens because the interest was so high. The hardest thing for us to deal with was volume, because no one has ever seen this level before. We now get a little bit of criticism on the problem of insufficient speed of query processing.

Gleb Markov – There’s such a large number of companies buzzing around that want to help you, that take money up front and then disappear, or that clearly can’t do what they promise but don’t want to return your money.

Q: What do you think helped you the most in reaching the hard cap?

Vladimir Gorbunov – The first thing is the correct positioning of the product; even the Financial Times said that we were hinting to JP Morgan that they’d missed their opportunity. Second is the ideology of the product, since in the future cryptobanks may be very important. Third would, of course, be strong advisers, and a strong team.

Austin Kimm – I think that it was really incredible marketing. We had a very simple, clear message backed up by fantastic crowd marketing. As a company, we didn’t get to institutionals, so we had to be even better in marketing, because obviously if we got $10 million from Dragon Draper, everyone would say, ‘OK, due diligence has been done, and I can put my money in,’ but when you launch with zero pre-money it’s actually pretty difficult. The ultimate success factor was our simple message, coinciding with the rise of bitcoin and cryptocurrencies, and people buying into this message. Another thing I believe that we were good at was looking for people who wanted to diversify their crypto businesses, because we are a crypto bank.

Gleb Markov – Two things: the token sales volume, which started high and remained high every day; sometimes even our book building platform couldn’t handle it and crashed under the load. Also, the rise in the bitcoin price: we sold tokens priced in bitcoin, but we deliberately set the hard cap in dollars.

Q: What are your plans for 2018, and what steps will you be taking in the next few months?

Steven Polyak – The key for this year I think is the product and its development, and revenue gain on the product.

Austin Kimm – Step number one is restating our priorities and making a roadmap. We’re all meeting in Singapore in early February with strategic players and advisers, and we will reconfirm our priorities. The more money you get, the more it influences the speed and order in a different way, so we’re thinking of getting the product out at the end of the first quarter or the beginning of the second quarter. Everything after that is still under debate; as I say, we’re going to meet in Singapore to decide all that.

Gleb Markov – The app will come out in the first half of 2018, and our other plans for 2018 are the same as for the five to ten years after that: creating and scaling the effective blockchain that our audience needs, of fintech products that are in demand on the market and are related one way or another to cryptocurrency. There is clearly a need for this, on the part of both payers and the recipients of funds (retail outlets). We have to offer this infrastructure solution. Who can do this if not us? We’ve been around for 10 years, we’re specialists with proven experience, and for us, it’s a point of honor to provide a solution that everyone will use and that will be the best. We intend to be the absolute leader, the JP Morgan among cryptobanks.

Vladimir Gorbunov – The app will be released in the very near future. One of the main challenges right now is to set up an international team. We’re opening offices in London and Singapore, and we’ll have several other divisions. The second thing is working with exchanges; we hope that soon, at the beginning of March, we’ll be able to list on some of the top exchanges, and we’re already working on this. Another key task is to shape the product, not only with the app but by creating a payment ecosystem.

Q: What is one piece of advice you would give to companies planning their ICO for 2018?

Gleb Markov – Don’t approach the ICO like it’s an easy way to collect funds; you should be ready to launch your project even without collecting money in an ICO, and best of all even before the ICO. I realize that some people won’t heed this advice, and will rush off to come up with some useless, possibly illegal idea. Just remember that just about 100 ICOs per day are being launched, and there’s a lot of competition. People have already been burned, and they are not stupid – so it’s no so easy to reach your goal. If you have no strong team or own financing and are not ready to launch the project even if your ICO fails to bring in the necessary funds, I would strongly advise you against such a laborious and uncertain project.

Austin Kimm – I think it is important to make the structure of your utility token easy for people to understand. Sometimes I read the White Papers of projects that ask me to be their advisor, and I am not sure why people would want to own these tokens. Make sure the token economics really works before you start marketing; we worked out our token’s core economics in minute detail before we started. People have to see how they would benefit from buying your token.

Steven Polyak – I think it’s essential to have good legal advice, and ICOBox helped us a lot with this. I think legal issues are fundamental, especially in 2018.

Vladimir Gorbunov – Rely only on yourself and don’t count on anyone’s help. There is no single recipe for success; it’s always a mix – the right marketing, getting the right idea at the right time. New project shouldn’t be afraid. With the right effort and foresight, it may just work out!


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Shutting Down Cryptocurrency trading is Illegal – South Korea’s FCA

South Korea Ban cryptocurrency

The leading agency on consumer protection from South Korea has hoisted the enthusiastic confidence for Asian traders by holding its ground that the ban of virtual currencies is illegal.

In case there was any doubt the South Korean government is absolutely split on the idea of banning cryptocurrencies, one more state agency has added to the confusion by airing its opinion on the matter.

The prohibition of crypto-trading is illegal according to the Financial Consumer Agency:

“The government has yet to establish the legal grounds over related laws for consumer protection, in particular in the cryptocurrency market. Who is to blame for lots of negative news about the craze in the cryptocurrency market? It doesn’t make any sense that markets and investors should take responsibility,” THE FCA SAID.

The unit recommends that the President Moon Jae steps in and deviates the on-going train from entering any more escalating or confusion area.

However, an official statement from the President either condemning or endorsing digital currency trading has yet to been seen even that a petition asking out for his take on the matter did surpass 200k signatures.

The only institution to budge was the justice ministry, which insisted that it was banning cryptocurrencies until it was shot down by both the Office for Government Policy Coordination and the Residence of the President.

According to the agency – the FSC Financial Services Commission has take on the confusion that is taking place for a few weeks now:

“Financial Services Commission Chairman Choi Jong-ku showed his inability to take on the issue. Relevant government offices need to present a unified stance and clear message to the market along with measures over how to enable the digital currencies to transform the finance industry,”

If the stance that the agency holds up on the event does have strength and weight to be proven for the GOV of South Korea, this could mark the end of the talk about banning cryptos.

The post Shutting Down Cryptocurrency trading is Illegal – South Korea’s FCA appeared first on Ethereum World News.

Cointelegraph Heads To Davos For WEF, Partners With Tech Tuesday Event

Cointelegraph will attend this year’s World Economic Forum in Davos, joining Tech Tuesday as media partner.

Cointelegraph will be attending this year’s World Economic Forum (WEF) in Davos, Switzerland, Jan. 23-26, covering the event as a media partner for Tech Tuesday.

The WEF takes place in Davos every January and has so since the early 1970s. It brings together financial experts, academics, and world leaders in a small resort town in the Swiss alps to discuss the most pressing issues in global economics, business, and politics.

This year 2,926 people are set to attend the 48th WEF, which includes 400 discussions on a variety of topics. The WEF’s theme for 2018 — “Creating a Shared Future in a Fractured World” — makes cryptocurrency and Blockchain, often cited as potential technologies for closing the global wealth gap, fitting topics for discussion and debate during the Forum.

Tech Tuesday at Davos

Tuesday, Jan. 23, the first day of the Forum, marks the launch of a new event, “Tech Tuesday in Davos,” which Cointelegraph joins as the event’s media partner. The Tech Tuesday event is designed to help facilitate relationships between the global Tech and finance communities.  

Tech Tuesday will include members of the Forum’s Technology Pioneers, companies that, according to the WEF, have “demonstrated the ability to harness creativity to design and create transformative solutions.”

Ten out of the WEF 30 Technology Pioneers of 2017, and a select group of emerging tech influencers, will discuss the latest technology trends in 3-5 minute lightning talks with Mike Butcher, also the curator of the event and Editor-at-Large at TechCrunch.

Tech Tuesday is co-hosted by Yobie Benjamin, a Technology Pioneer of 2015, agenda contributor at the WEF and advisor and mentor to more than twenty tech companies worldwide.

Opera Browser Addresses Cryptojacking, Adds Anti-Crypto Mining For Mobile

Web browser Opera has announced it will include anti-crypto mining in its mobile browser to protect users from cryptojacking.

Opera, a web browser that has since December included anti-crypto mining in their integrated ad-blocker for desktop, announced today, Jan. 22, that they will add this feature to their mobile browser as well.

Cryptojacking, a process by which a computer or smartphone is hacked in order to remotely mine cryptocurrency without the owner’s knowledge, uses a large amount of battery and can greatly slow down the device.

Opera’s Vice President of Product Marketing Jan Standal described the process of cryptojacking in the company’s press release for their anti-mining software for mobile:

“When you browse the web, there are no visual clues that your device is exposed to mining […] A single webpage you visit can take up to 4.5 hours of your battery time, if you keep the tab open. This often turns out to be just the battery time you needed to use a ride-hailing app or check the map to get home.”

The press release included a link to, a site which shows if your device has been affected by cryptojacking.

In September 2017, The Pirate Bay admitted it was using its users’ CPU processing power to mine without their knowledge. In the same month, Showtime was also caught using its visitors’ devices to mine, which they posited as their way of getting around ad-blockers.

Both The Pirate Bay and Showtime were mining for Monero through Coinhive, a script for mining that is advertised as an alternative to advertising.

XWIN Betting on Blockchain

The absolutely new technology becoming popular in the world of cryptocurrencies, and making its own huge impact on it is called Blockchain.

As much as the Internet was the complete transformer of entertainment, media, government, technology, investments, hospitality, energy, sports media and many more fields since the 90’s, the Blockchain became the decentralized technology allowing the secure exchange of digital tokens and essentially disrupting the main industries in a virtual way. That is why there is nothing strange in the fact that mainly every company is aimed to use this new technology in the core mechanism and integrate it into their services and products.

The technology of Blockchain is popular in the most known industries. In the sphere of banking, it is used for facilitating the instant money transactions across the world. Talking about health services, the secure blockchain network is used for storing the medical history and insurance records of patients. It gives the opportunity of easy global access to these documents when needed. The list is endless.

XWIN, a transparent betting platform for sporting and other events, is targeted to revolutionize the world of online betting with help of Blockchain technology.

Bookmaking Upward Tendency 

Analyzing the previous years, it is obvious that the consumers’ interest in sports betting deepens with every minute. In spite the fact, that betting became pretty accessible, it continues to be more popular. Following the 2016 and 2017, we can see over 48% of all online gambling coming from betting alone. If such upward tendency is still actual, much more money is expected to be earned. In 2020 the revenues of total sports betting field can reach $1.4 billion.

Unfortunately, the future online is pretty successful, some risks still exist. The lack of transparency can be the reason for fraud activity. The heavy fees, outages, technical glitches, network delays became disadvantageous for the betting experience.

XWIN is a breath of fresh air in the world of bookmaking.

The Online Betting Future Comes with XWIN

XWIN is a completely transparent blockchain-based betting platform for sporting and other events. With help of a talented team of real professionals in the fields of business and sports, XWIN breaks the online bookmaking industry, simplifies the process of sports betting, and provides both investors and players with a comfortable gambling environment for gaining income out of it.

XWIN uses the decentralized smart contracts based on the Ethereum blockchain. It means that the terms of every bet are automatically executed, all games, bets, and results on the XWIN platform are stored in the Ethereum blockchain. The XWIN customers are void of delays and technical flaws caused by intermediary services, embezzlement, tampering, and guaranteed with the instant payouts. Betters are able to monitor and check their betting activity independently on their location. With complete safe of data, the user can be absolutely sure that their money is in safe.

XWIN extremely simplifies the long and complicated registration processes, eliminates the account lockouts caused by frequent wins or arbitrages, makes cross-border betting possible, and guarantees the activity privacy and confidentiality.

The Low-Risk Investment with Online Betting

The mission of XWIN project is to ease investing in the bookmaking industry. With help of the revenue sharing business model, the XWIN investors gain 20% of platform’s income and get rewarded with a steady cash flow. It does not require any management or monitoring efforts on their part.

The full financial transparency, 24/7 investment supervision, efficient commissions, safe transactions, privacy policy, autonomously managed funds sustainability, unprecedented security – the list of XWIN perks is endless. That is why XWIN platform became interesting for South Korea and Japan investors who are into the blockchain based start-ups with low risk and high income.

In 2018 more than 8000 community members have a desire to make betting on sports with help of XWIN platform!

ICO campaign

Throughout 2017 ICO became the most commercially successful and investment attractive way to get the capital for starting the business. The official ICO started on 1st of January and will be up to 30th of January. It gives investors the opportunity to get the additional +20% bonus for tokens purchase. The value of one XWIN token is 0.00475 ETH until Jan.26. What is more, the XWIN tokens are available for sale and trade.

Hurry up to become a number one in the crypto bookmaking industry with XWIN CryptoBet!

Media Contact:

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Introducing Tina Bhatnagar — walking the talk on Customer Service

Improving customer service continues to be our #1 priority at Coinbase. I’ve been providing regular updates over the past couple of quarters on our progress, but I realize that updates are no solace when you can’t get prompt response from customer support. Actions speak louder than words.

Today, I’d like to share a new action we’ve taken to improve the customer support experience at Coinbase. But first, here is a quick overview of our actions to date:

  1. In December 2017 I recruited Asiff Hirji as President & COO to join Coinbase. Asiff has operated at much larger scale companies, including being COO at TD Ameritrade, and running the enterprise services division of HP with nearly 200,000 employees. He has already done wonders to help us scale operations to the next level.
  2. In January 2018, I promoted Dan Romero to Coinbase GM to ensure we had a single owner of the Coinbase retail product (we are now operating in an environment of multiple business units, and the original Coinbase product is just one of our efforts, albeit the largest by headcount and revenue).
  3. Today, I’m taking another step. Tina Bhatnagar will be joining us as VP of Operations and Technology. Tina will lead all operational teams related to Coinbase and GDAX customers. She will ensure we meet our commitments to double the size of our support team over the next three months and expand 24/7 phone support to all customers by Q2 2018.

The biggest challenge in Silicon Valley these days is recruiting great people. But this is often the only way to solve big challenges in a rapidly growing company. We needed a veteran of challenging hyper-growth situations who could hit the deck running and that is what we found in Tina.

Prior to Coinbase, Tina was VP of Operations and User Services at Twitter. She started at Twitter, working with 20 people in a basement managing just thousands of customer support tickets a month. In five and a half years, she grew her team to thousands of employees operating out of six locations handling millions of support tickets a month. Her team helped tackle spam, account access, identity, and localization issues. Prior to Twitter, Tina spent eight years at IBM helping companies build and scale their operations. She understands not only how to rapidly scale operations and customer support teams to meet the demands of unprecedented growth, but also how to manage sensitive account and customer information.

At Twitter, Tina helped grow the customer support team from twenty people to thousands. Her team ultimately spanned six locations around the world, answering millions of customer support inquiries every month.

Tina’s experience and focus will produce the action that we aspire to. Still we have no illusions about the task that lies ahead. Please join me in welcoming Tina!

“When deciding to join Coinbase, I was not blind to the challenges ahead of me. But when I met Brian and the team, I knew it would be a truly joint effort to run our customer operations how we envisioned it. It’s an exciting time, with Coinbase and crypto in the public eye more than ever before, but that also means it’s an even more critical moment to stake our position. And this can only happen if we do right by our customers every single day.”
— Tina Bhatnagar, VP of Operations and Technology at Coinbase.

One final note: With the price movements last week, we saw record volumes and traffic to our products (again). The engineering and ops teams at Coinbase have been working around the clock to ensure we provide a high level of uptime during these periods. I’m pleased to report that we were able to meet demand with only minor hiccups during all times highs last week.

Introducing Tina Bhatnagar — walking the talk on Customer Service was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Developing the Next Generation of B2B Platform With Blockchain

The global market spending for B2Bs is estimated at $76 bln. In the US alone, marketing spending is worth over $26 bln, out of which $4 bln is spent online. LinkedIn, Google, Facebook and eBay are mostly customer-centric. In the B2Bs industry, the core problem is a business’s inability to establish a personal connection with other business partners.

Lack of consistency and transparency are just two of the main challenges conventional B2Bs deal with on a daily basis. Companies are unable to verify and qualify new buyers and sellers due to the scarcity of good company culture. Negotiating with a potential partner can take weeks before a contract is signed and an agreed amount is paid out. Blockchain comes to the rescue with undisputed technologies that build a bridge between the way companies and business partners perceive each other in the virtual space.

How Blockchain can help B2Bs go beyond borders

With more than five years of experience in the B2B scenario, TraDove is a premier B2B social network that turns to Blockchain technology to disrupt the system. The new project aims to help companies and business partners connect, trade and find each other on a scalable, transparent decentralized platform.

The new Blockchain-based B2B social network facilitates ease interactions with a click of a button. Big data and AI play a big part in the project’s business model. TraDove prides itself with 250,000+ corporate buyers and sellers spread across 100+ countries. The company has an established business model, and through its ICO and token sale, the end goal is to leverage Blockchain technologies to fuel awareness and growth in the B2B industry.

The marketing effect of B2Bs differs from B2Cs. Customer-centric businesses depend on users who generate other users. In B2B, it’s all about opportunities that generate other opportunities. TraDove’s goal is to develop a virtual space where interaction between business partners and corporations is not seamlessly.

Empowering decentralized interactions between buyers and sellers

To empower buyer and seller interaction, B2B precision advertising and facilitate international trade, TraDove will develop its very own BBCoin ERC20 token on Ethereum. The potential demand of the BBCoin for businesses within the TraDove ecosystem centers of B2B sales, advertising, marketing and cross-border trade. The ICO will issue one bln BBCoins. 50 percent will be released and made available for the TraDove token offering. The remaining 50 percent is divided strategically to continue the development of the project as follows:

  • 20% marketing, advertising, and user acquisition
  • 15% is reserved for continuing the development of the project in the long-term and future company usage
  • 10% teams and stakeholders
  • 5% is reserved for use in the next three to five years to encourage users to invite others to join, as well as incentivize advertising and sales interactions.

TraDove’s plans for the ICO is to raise $53 mln in hard cap throughout its token offering. The listing price for BBCoins is $0.16, with $0.12 in the presale phase for the acquisition of a minimum 2,000 BBCoins. The project raised $8 mln in Phase one of its pre-sale. Phase two is ongoing, and thus far $4+ mln have been raised. The TraDove pre-sale ends on Jan. 31.

The core team behind TraDove’s mission to disrupt traditional B2B business model is made of top-tier experts and business professionals from companies Alibaba, MIT, LinkedIn, Facebook and Amazon. First class investors like Mike Honda (retired US congressman), Richard Rosenberg (Bank of America), Phil Duff (Morgan Stanley), Gerhard Schulmeyer (Siemens Inc.) and Gary Cowger (General Motors), are just of the names who helped TraDove raise over $4 mln to kickstart their mission.


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