Topic: [ANN] FIX Network - Securing Digital Identities ⚡Master Node/ PoS⚡ - page 11. (Read 7895 times)

 Sim cards find their owners (we are waiting for a detailed report from the project participants)
Vladimir: FIX ID SIM Cards arrived


https://discord.com/invite/MENM7fY

Alex [new.capital]:
We are happy to share the results for the collected TWINS fees on the NCE in September 2020.The amount of 129 279 TWINS has been just sent to the dev fund:
https://chain.review/explorer/twins/tx/6ca9c39f4778cfdabbe861e2b449aec344
https://new.capital/exchange/trade/FIX_BTC

Edwin [new.capital]Ceгoдня, в 13:58
Physical TWINS coins - a new idea for discussion and consideration

Due to our involvement in the LBCoin project and our observation of the behaviour of the participants in this exercise, we have realised the following:

Many people in the global community would still prefer to store value in a physical form, as opposed to a digital format.

This started us thinking: what if TWINS were also to be available in a physical form? What if we could mint collector's coins having their nominal value in TWINS? Could we, as New Capital, a legal, EU-based entity operate as the issuer of such a coin and also offer deposit and withdrawal facilities for the physical coin holders? 

What problem does this idea solve? We believe that there are many users out there who would be interested in holding TWINS, but the technological knowledge, security levels and effort required to store digital assets are currently way beyond the capabilities of the average user.

So what would we offer, and how would this all work? Anyone could purchase a physical coin that would be also an awesome, limited edition collector's item, and then deposit X amount of TWINS with our custodian service at New Capital. New Capital would then use these deposits to set up masternodes and staking pools to support the TWINS blockchain network, and use the received rewards as method of funding this custodian service. The customer could at any time request the full withdrawal of digital TWINS in exchange for the physical coin, all at no cost. These physical coins then would be available for other users to purchase, and would require the deposit of the nominal value TWINS collateral.

We’ve been discussing this idea internally for some time now. We initially highlighted and discussed a number of potential challenges, and we are now ready to share this idea with you publicly in order to get your valuable feedback and ideas. Also, it is important for us to gauge the general level of interest in such an initiative.
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Regulatory challenges

The first and main challenge is related to regulations. Specifically, these issues have been discussed:

1) Is it legal for New Capital to issue a physical coin with a nominal value in cryptocurrency?
Our findings: There is no legal issue as long as we do not sell the physical coin pre-loaded with TWINS. Instead, the participant has to independently purchase TWINS, and then deposit the amount of TWINS corresponding to the nominal value of the physical coin to a custodian wallet address. This could be done directly from the New Capital Exchange. In addition, any independent secondary market of pre-loaded coins would not be a matter of concern for New Capital.

2) Is it legal for New Capital to operate as a custodian wallet and provide deposits and withdrawal facilities?
Our findings: As long as we are in full compliance with the required regulations (including satisfying anti-money laundering procedures), custodian wallet operations are acceptable.

3) Would regulators see this initiative as “money issuing”?
Our thoughts: This initiative could possibly be perceived as a “money issuing” service. Therefore, to improve legitimacy, we would be very focused on involving as many "high authority" institutions as possible in this process. For example, we would like to mint the coins at the Lithuanian national coin minting facility. In addition, we would request that these coins be included in global coin catalogues, with Lithuania being listed as the origin of the issuance. We would also sign an exclusive agreement with the Lithuanian minting facility, making them the only legal entity to mint coins with the nominal value in TWINS. The actions listed above, together with a few more ideas that we have in our “pocket”, would improve the legitimacy of the project and reduce legal risks.
Security of the physical coin

Another challenge is regarding the security of the physical coin. Imagine a coin with a nominal value of 1M TWINS. While this would be equivalent of approximately 80 Euro in TWINS value today, at some point in time, TWINS could increase in value. This would make the physical coin valuable, encouraging bad actors to try and counterfeit this coin and then attempt to withdraw the equivalent nominal collateral. How could we avoid this? What are the optional security features available for physical coins?

We’ve been in discussions with the relevant personnel at the Lithuanian national mint to explore this subject, and the currently available options are as follows:

  1.    Physical parameters, such as size, weight and metal purity
  2.    Micro texts embedded in the graphics
  3.    Individual serial numbering
  4.    Holographic elements
  5.    Packaging and enclosure
  6.    Certificates

While each of the available security features would make it more difficult to fake the coins, these technologies are available in any modern minting facility. We don’t think that any legitimate mint would become involved in issuing counterfeit coins, but we cannot discount this completely, as it is possible that there are private minting facilities controlled by bad actors.

We have challenged the management team at the Lithuanian mint with this security problem, and there is a possibility that they will be able to employ an innovation in this field. One of the ideas is to develop special holographic elements based on current scientific research, and then embed these elements into our design using a very specific technique, enhancing both the security and the attractive appearance of the coin.
See
https://www.spiedigitallibrary.org/journals/journal-of-nanophotonics/volume-8/issue-1/083988/Angle-independent-structural-colors-of-silicon/10.1117/1.JNP.8.083988.short?SSO=1 for additional information regarding this holographic innovation.
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However, we are not sure that it is even possible to use this holographic technique, how much time is required, how much this would actually cost, and how many of us will be prepared to pay the additional cost for this feature.

Another idea would be include a FIX SIM card with every coin in the packaging. The SIM card would include an embedded private key, with a corresponding visible public key for users to scan and check the current value of their collateral. The private key would be used in a multi-signature process for releasing the digital collateral in the event of a withdrawal, making the security required for the physical coin obsolete. This option would also present a compelling use-case for FIX Network as security mechanism.
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Nominal value, issuance and design

.

Here is where we need your input the most, as there are so many options available.

The year 2020 is very special, and therefore these commemorative collector’s coins have the opportunity to permanently record important historical events of our choice. What are these events? Are they limited to New Capital’s eco-system only? Digital money only? Crypto exchanges only? The blockchain eco-system only? Or are they general, global events? The selected events will also have the chance to influence the PR regarding this issuance and the related entities. We’ve though of some of ideas such as FIX ID launch, Symbol launch, LBCoin launch, New Capital Exchange, SourceForce, Chain.review, etc,
but we need your help here.

Once we have the approved list of events, we can make the decision of how many different coins we want to issue. Another component of this initiative is that we will host a coin design contest, in which your participation would be invaluable.

We also need to discuss the nominal values of this issuance, for example 2 TWINS, 20 TWINS, 2K TWINS, 20K TWINS, 2M TWINS, 20M TWINS. What are the pros and cons for each of the possible nominal values? How many of you would be willing to deposit TWINS in order to hold the physical collector's item?

If we complete the 2020 issuance successfully, then it may make sense to repeat this every year. Then the question is: how much of the total TWINS in circulation do we want to allow in a physical format? 10% 30% 50%? Every year? This subject has hardly been touched yet, and here too, we need your input.
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Size, weight, metal and purity

These physical parameters of the coin would directly affect the cost of production, and therefore the cost to the participants. There are a wide range of materials available, such as aluminium, copper, bronze, silver, gold and platinum. Also, there are the questions of metal purity or simply plating the coin, as well as coin size and weight. There are a myriad of possibilities, all affecting the budget, collectability and desirability of the coins. We are still compiling the cost figures for each of the parameters, and we will share this information with you when we have the details.

In summary...

This could be an interesting and exciting initiative, with far-reaching possibilities and  implications for both the crypto community and also for those who are being left behind
and cannot directly participate in the blockchain revolution. Also, this project should generate high visibility and global PR, thereby raising the profile of TWINS.  Most importantly, this initiative would advance the legitimacy and relationships that are essential for building the legal infrastructure required by the future win.win DEX.

At this point, we would like to open up the discussion and start receiving initial feedback from you, our community members. We will collect your feedback and ideas @everyone, and will suggest a more formal voting process later. So, what do you think? Does this project make sense to you? Is it exciting? Would you be willing to participate? How many TWINS would you deposit in exchange for a physical coin? What events would make sense to memorise in our 2020 issuance?

We are very much looking forward to your input in the #💡ideas channel!
https://discord.com/invite/7CmDJyV

           LBCOIN — An historical experiment before its time?


When buying into this initiative, participants receive 6 randomly selected digital tokens which are issued to a user wallet on the LBCOIN private blockchain. A key aspect of LBCOIN is that participants are able to swap tokens online amongst each other, with the goal of collecting a token from each of the 6 categories. Once this has been achieved, then those 6 tokens may optionally be redeemed for a single physical silver commemorative coin.
https://medium.com/@new.capital/lbcoin-an-historical-experiment-before-its-time-747e32772ea5
https://new.capital/exchange/trade/LBC02_TWINS
https://discord.gg/EqAzgRM

This is great. Good progress and continuous development happening with FIX. Good job guys

The first recipients of SIM cards, we are waiting for a detailed report
https://discord.gg/MENM7fY

jetta2016217.09.2020
Any news about shipping of FIX sim cards?
Edwin [new.capital]17.09.2020
No date for mass shipping yet, but we are now ready to ship our pre-release version SIMs to enthusiast who do not afraid of bugs and firmware deployment over the air. If someone interested, let me know in DM.
https://fix.network/
https://discord.gg/MENM7fY

Edwin [new.capital]:
We've changed the tradingview chart default settings on the New Capital Exchange to one hour intervals and we also skip timeframes with no trades now. The charts are loading super fast now.
https://new.capital/exchange/trade/FIX_BTC

Opt-in is now open! Please go to: https://nemplatform.com/symbol-migration
https://www.youtube.com/playlist?list=PLldOn7xb83R7PzU4f072fs3T2jP_KNpvF
https://discord.gg/5GyPD3m
https://new.capital/exchange/trade/XEM_BTC

                   Symbol (XYM) opt-in is now supported on the New Capital Exchange


The NEM Group has officially published the details of their Symbol opt-in launch, which will allow holders of XEM coins to receive an equivalent amount of XYM coins on the Symbol mainnet blockchain. The estimated snapshot date on which holders of XEM coins will be eligible for this award is scheduled for early December 2020. Users wishing to participate in this event may do so via their mobile or desktop NEM wallets, or through selected crypto exchanges.
The New Capital Exchange, a EU-based and fully-compliant crypto exchange, is pleased to announce that we will support this NEM Group initiative and provide an automatic opt-in for all users registered with us. Our service will also support the XEM-XYM snapshot event, as well as facilitate the actual allocation of the new Symbol coins directly to user accounts for anyone holding XEM at the time of the snapshot event.
“We know that our ability to contribute to building the Internet of Value is dependent on having scalable and secure blockchain infrastructure, and we are convinced that the Symbol-based network of networks will play a major role in advancing the digital transformation. We, at New Capital, already empower selected projects with Symbol technology. Importantly, the New Capital Exchange will be transformed into win.win, a Symbol-based true DEX, once the regulatory framework is in place,” said Alex Rožanski, the CEO of New Capital. “Our participation in this important XEM-XYM opt-in event is a natural indication of our strong commitment to support the NEM eco-system.”
New Capital welcomes the NEM community to join our exchange and enjoy the safe, secure and reliable services provided by this platform. To participate in the Symbol opt-in event, simply register with us using one of your social media accounts. As an added, limited time incentive, anyone joining the NCE is rewarded with a free airdrop of 5000 $TWINS. In order to deposit XEM (or any other supported crypto asset), the EU crypto exchange regulations require that you complete our simplified, secure and seamless online identification process .
“New Capital, an innovative incubator, has selected our platform for a number of their transformative and real-world use-case projects that are built on Symbol technology,” said Dan Bobby, the CMO at NEM Group. “We are pleased that the New Capital Exchange is participating in the Symbol opt-in program and the actual allocation of the new XYM tokens. This will help to provide a seamless experience for our community members who choose to participate in this initiative through an exchange and not through their own NEM wallets.”
https://medium.com/@new.capital/symbol-xym-opt-in-is-now-supported-on-the-new-capital-exchange-baee61d6c93f
https://twitter.com/NewCapitalFund/status/1305782885333467136
https://discord.gg/ZWV2Hhc
https://new.capital/exchange/trade/XEM_BTC

Edwin [new.capital]:
Attention! We will be performing exchange and source force system improvements tomorrow, Friday, at 11:00 AM (GMT). There is no downtime planned, however, it is possible that some errors will appear to users from time to time.
The window is about 2 hours
https://discord.gg/ZWV2Hhc

                          XEM is now listed on the New Capital Exchange

New Capital is pleased to announce the listing of XEM on our EU-based, fully compliant crypto exchange, thereby further demonstrating the strong relationship between New Capital and the NEM Foundation. This listing directly peers XEM with a growing range of crypto assets, allowing the NEM community to easily diversify into other unique and high-liquidity assets such as FIX, TWINS and LBCOIN. In addition, this listing will encourage both the New Capital and NEM communities to become acquainted with each other’s compelling projects and technologies.
The New Capital Exchange (NCE) is trusted, community-driven entity, facilitating the safe and efficient exchange of value between selected cryptocurrencies. New Capital’s long-term goal is that the NCE will evolve to become a true DEX to enable direct peer-to-peer value exchanges between participants.
NEM and New Capital currently share significant common ground, with an expectation of increased mutual cooperation in the future. For example, the New Capital-supported win.win (TWINS) DEX platform will be based on NEM’s Symbol, when this technology becomes available. In addition, in a recent and far-reaching advancement in the crypto industry, the Bank of Lithuania released the world’s first digital collector coin, LBCOIN. Significantly, the NEM blockchain was selected as a critical infrastructure participant in this initiative, and the LBCOIN tokens enjoy a premium listing and are publically traded on the NCE.
“NEM and the New Capital Exchange can be very proud of their roles in the support of LBCOIN,” said Alex Rožanski, one of the founders of New Capital. “This is an important strategic project for the Bank of Lithuania in exploring the role to be played by central bank digital currencies in future digital solutions. Clearly, this high-profile initiative is being carefully observed by the global governmental and banking community. To be part of this groundbreaking project lends considerable legitimacy to and confidence in both NEM and the New Capital Exchange, and is a very positive reflection on our organizations.”
As a short introduction for the NEM community, the TWINS, FIX and LBCOIN crypto-assets are as follows:
TWINS — The win.win DEX will facilitate the direct wallet-to-wallet transacting of digital assets between users, resulting in a secure, transparent and efficient digital marketplace. The TWINS coin will be used to power buy and sell order listings for this platform, and motivate technology development and network growth.
FIX — FIX Network will implement innovative systems, products and services to secure our digital assets and identities on mobile devices. Private keys will be stored on SIM cards, and user-defined policies will specify transaction authorization rules and how subscriber data is to be used, accessed, shared, tracked and sold. The FIX coin will be used by subscribers in order to access and manage their policies.
LBCOIN — This coin, issued in July 2020 by the Bank of Lithuania, is the world‘s first blockchain-based digital collector coin. This limited-edition issuance is an important experiment in exploring the potential of central bank digital currencies, and has attracted global attention. NEM plays a critical role in this initiative, with their technology providing the necessary blockchain infrastructure.
New Capital welcomes the NEM community to join our exchange and enjoy the safe, secure and reliable services provided by this platform. In addition, we are looking forward to building and strengthening the relationship between our two dynamic and enthusiastic communities.
As an added, limited time incentive, anyone joining the NCE is rewarded with a free airdrop of 5000 TWINS.
https://new.capital/exchange/trade/FIX_XEM

FIX ID in the Google Play store has been updated  https://play.google.com/store/apps/details?id=fix.id

Alex [new.capital]:
We are happy to share the results for the collected TWINS fees on the NCE in August 2020.
The amount of 79 173 TWINS has been just sent to the dev fund: https://chain.review/explorer/twins/tx/9c956f5846e96e2745ff04bced7f4eb697a48f75f04c894c8cf14ab66c9736b8

https://new.capital/exchange/trade/FIX_BTC

Edwin [new.capital]:
New improvemtns to the NCE user interface:
“Hide zero balances” function has been added to the balances page
Search function has been added to the balances page
Open orders list will show the original price information of the user selected standard or a reversed pair
This also applies to the trading history page
https://new.capital/exchange/trade/FIX_BTC

DeFi is one of the hottest topics in the blockchain space, is Symbol the perfect partner to realize true decentralized finance? Read more here:  https://symbolplatform.com/latest/decentralised-finance-defi-democratising-financial-services-with-symbol-the-most-effective-blockchain-for-enterprise-today

Always constantly updated information in the discord channel  https://discord.gg/yEgCjDy

Opt-in Opening Date: 15th September 2020

We are excited to announce that Opt-in for Symbol will begin on the 15th September 2020.

https://forum.nem.io/t/opt-in-date-announcement/25565?u=davidshaw

Edwin [new.capital]:
Nodehub have integrated coincodex API to present the pricing data for FIX on their platform.
https://nodehub.io/dashboard/view_coin?coin=fix5

If you have any questions (about the project, the work of wallets, masternodes and much more), ask them in the discord channel, where they will answer you in real time. Every opinion is important to us!
https://discord.com/invite/yEgCjDy