Topic: [ANN][ICO] FINOM.IO (TabTrader, Nanopool) - TOKENIZED EQUITY OFFERING - page 10. (Read 28505 times)

Canada to Use the Ethereum Blockchain to Track Grant Money

The Canadian government has launched a trial project aimed at researching how blockchain technology might enhance transparency for data on government contracts, grants and payments. The National Research Council (NRC) is using the Catena Blockchain Suite, which is built on the Ethereum blockchain.

When the NRC creates a grant, the information is stored on the Ethereum blockchain and can be accessed on the platform's site.

As the NRC writes in its blog:
"Blockchains provide the ultimate in transparency and trust, making this technology a brave new world for organizations that strive to conduct transparent business. These are early days yet, but the experiment is expected to provide constructive insight into the potential for blockchain technology and how it may be used for more open and transparent function of public programs."

#finom_news

Bitcoin Misconception: No Inflation
Vladimir FinomJanuary 22, 2018

There's a popular opinion in the Bitcoin community that the world’s first cryptocurrency has no inflation (as if that were something good).

Where does Bitcoin come from? It’s mined by thousands of rigs all over the world.

And that’s inflation right there. At this time, there's nearly 17 million BTC in circulation (although around 4 million of this amount has been lost, which has a serious effect on the exchange rate), and mining produces 12.5 new BTC nearly every 10 minutes. 

That’s a total of 1,800 a day or 657,000 a year, which means an inflation of around 4% right there, whereas most western countries have an inflation of around 2%. These simple calculations prove that Bitcoin has inflation and it's rather remarkable that so few people have noticed.
#finom_opinion

Today's quote of the day by Al Gore, 45th Vice President of the United States

#finom_quote

Art and Blockchain: Rare Pepe Sold at Auction for $38500

On 13 January, an exhibition was held in a small space on 23rd Street in Manhattan for digital art fans and meme enthusiasts. There, attendees participated in an auction of images of Pepe the Frog, a meme that has recently been spread via blockchain.

The auction was significant in that the depictions of Pepe were bought and sold along with tokens, with ownership tracked on a blockchain. Every image is tied to a unique digital token that proves its authenticity. In 2016 developer Joe Looney created Rare Pepe Wallet, which is the main platform for buying and selling this meme,

The bidding started with a set of three Rare Pepes, one of which pays homage to Salvador Dali's The Persistence of Memory, but with melting frogs instead of clocks. The set was sold for 12,000 units of Pepe Cash, the platform's main asset, of which there are 700 million; at the time this was equal to approximately $720. The most expensive piece, Homer Pepe, sold for $38,500.

The New York art community reacted positively to this convergence of art, blockchain and memes. In the future, the organizers plan to carry out events not just for those attending the exhibition, but for art lovers online as well.

It's worth mentioning that the first cryptocurrency meme, Dogecoin, recently reached a capitalization of $2 billion, something that worries its creator, Jackson Palmer.

#finom_news

Alpha Version of Blockchain Service for Making Hotel Reservations Launched

At present the service provides access to 600 hotels, but by the end of February that number should increase to approximately 100,000.
"Booking.com and Airbnb take about 20% of the cost of a room for using their platform," says Nikola Aleksandrov, CEO of LockChain.co. "Our plan is to eliminate any additional fees with the aid of a blockchain. The owners will be able to receive the full sum from their investment, while their guests, naturally, will be able to pay the owners directly."
LockChain is the first company to propose a blockchain-based solution for the hospitality industry, the overall cost of which is currently priced at approximately $500 billion. The platform's alpha version also provides a personal wallet, multicurrency support and a dynamic search tool for apps.

#finom_news

Blockchain Versus Corruption

The blockchain centre Distributed Lab plans to enable a ring signature algorithm to anonymize witnesses of acts of corruption. This mechanism will allow witnesses to anonymously prove their affiliation with an organization and provide evidence, revealing their identity only for a specific group of observers.

As noted by the company, witnesses of illegal agreements often fail to report crimes because they are afraid of the irreversible damage doing so could have on their careers.

Unfortunately, an anonymous claim cannot become part of a pool of evidence. Moreover, there's no guarantee that there isn't a single person making claims under the guise of various witnesses.

"This solution is a veritable prototype of how to increase transparency in public sector and government organ administration," notes Distributed Lab's CEO. "At present, testing of this approach in a business environment seems much more realistic than implementing it in the state sector. On the other hand, the corporate sector will receive a great many advantages in resolving its current task of increasing transparency in administration and accounting."
A ring signature will allow witnesses to reveal their identity only to selected individuals - law enforcement agents, journalists and auditors - while personally controlling the degree of anonymity.

The company feels that such an anticorruption mechanism can be used as a superstructure over an organization's existing infrastructure, making it possible to efficiently fight against any abuse of power on site.

#finom_news

Cryptomarket Collapse: Was Asia To Blame?

CEO of Finom AG about the current state of cryptocurrencies:
https://medium.com/@Finom.io/%D1%81ryptomarket-%D1%81ollapse-was-asia-to-blame-e69c20a3b247

AI has named the Main cryptocities of the world

International Decentralized Association of Cryptocurrency and Blockchain — IDACB has created artificial intelligence, which made the top of the most influential cities of 2017. NY became the leader.

To compile the rating, the AI used data from open sources like the number of start-ups, the growth dynamics of blockchain markets, as well as the interests of the audience of social networks on the themes of mining, crypto-currency, block, bitcoin and ethereum.

Representatives of IDACB say that artificial intelligence has analyzed more than 10 mld of data sources during the year.

Rating of cryptocapitals made by AI:

1)New York
2)Kuala Lumpur
3)Singapore
4)Los Angeles
5)Dubai
6)Jakarta
7)Hong Kong
8)Sydney
9)Delhi

What’s more Artificial Intelligence compiled a list with countries whose population is most closely involved in the world of crypto: the United States, India, Malaysia, Nigeria, Australia, Canada, Germany, Indonesia, Singapore, the United Arab Emirates.

Noteworthy, the list does not include Switzerland, the country where the European crypto valley - the city of Zug - is situated since September 2017.

#finom

Cryptoninjas Net about recently announced NOM token sale:
http://bit.ly/2FSkTHJ
#Finom_news

New ETFs will exclusively invest in blockchain-based companies.

Reality Shares Advisors and Amplify Trust ETF launched the first blockchain-based exchange-traded funds (ETFs) on Nasdaq and the New York Stock Exchange today.

Both funds went live on their respective exchanges at 9:30 a.m. and started with $24.20 (Reality Shares) and $20 (Amplify's Transformational Data Sharing)

Reality Shares has developed an index with Nasdaq to track blockchain startups in which the ETF will invest, said analyst of Reality Shares. The index is further supported by an algorithm developed by the fund.

Companies have previously filed for blockchain-based ETFs, but none had made it as far as listing prior to Reality Shares and Amplify Trust. The trading funds mentioned in blockchain companies could be risky, as there are few regulations on the technology and companies may not necessarily turn a profit. The prospectuses also noted that the funds would only invest in companies with a capitalization of more than $200 million and which had a six-month daily trading average of at least $1 million.

#finom_news

FINOM alters token sale terms after ICO, starts second round without consultation from investors

https://finom.io/ico/?utm_source=telegrameng&utm_content=stagetwo

The FIN token sale is over now, and we would like to thank all of you who trusted our project out of the gate and to tell what we achieved for now and how the project will progress further.

Results

With your support, we raised more than $41 million. $34 million was invested during the presale stage. In total, more than 7,000 investors took part in the campaign. We already started to design the services declared in the roadmap, so some of them will become available very soon. Beyond that, while working on the project, we realized that the role of tokens in the platform ecosystem contains much more opportunities than we could have imagined at the beginning.

The future of NOM

Exploring NOM applicability (the utility token you received as a bonus when purchasing the FIN security token), we discovered that the more frequently and complete the token works in the business ecosystem, the more services and transactions it serves, the greater profit it brings.

We arrived at a conclusion that our token should be more relevant and valuable, and for this purpose, it has to be enriched with a new meaning. For a highest possible efficiency, it should become a fuel for the whole ecosystem, and serve not only as a discount or a bonus tool for some certain services but also as a full-featured payment method within the platform. To implement this, the following important steps must be taken:

an additional NOM utility tokens emission
attracting more private and individual investors from the crypto community, the audience our ecosystem embraces
the initial purchase price reduction in order to make the token more usable as a payment tool available even for small transactions.
In addition, the development and integration of all services require more investment amount than it was calculated at the project’s start.

New crowdsale

To implement all these plans, we start a new token distribution campaign dedicated to NOM utility tokens only. It will begin on February 1, 2018, and will last until March 3, 2018.

Before it starts, we will summarize the previous campaign results entirely and negotiate with a number of key crypto exchanges about the tokens placement: the NOM token will be available there no later than on March 15, 2018. In addition, the token economy will be totally revised, as well as the WhitePaper and the platform architecture. We will start a long-expected bounty program and create video content explaining the new ecosystem scheme.

Your bonuses

You have given us a great credence at the very beginning of the project, therefore, we offer you the benefits for a new stage of the token sale. First, in the short term, all first-stage investors will be credited with additional NOM tokens. You will see them soon in your account.

In addition, we offer you the special discounts for NOM tokens to purchase. All the details will be available in an updated whitepaper, which we are going to publish on our website before the second stage start.

We make no doubt that together we will build a more efficient project architecture that will ensure the synergistic and sustainable growth of both tokens prices.

Yours faithfully,
FINOM team

The Difference Between Utility and Security Tokens

Security Tokens

With security tokens there is a reasonable expectation of profits, consisting of dividends, periodic payments and/or the increased value of the investment. Profits are to be derived from the entrepreneurial or managerial efforts of others.
The first Finom token sale was all about SECURITY tokens. All the privileges of the FIN tokens were described in the white paper.

Utility tokens

The utility tokens are units of services that can be purchased. These tokens can be compared to API keys, which are used to access the service. Utilities are a way to fund projects of shared infrastructure that couldn’t be funded before. To enable ecosystems to be built some tokens can be “pre-mined” in addition to being sold in “crowd-sales” during token sales.
The upcoming token sale will give users the opportunity to buy UTILITY tokens. NOM tokens allow their owners to buy new services within the Finom Blockchain Ecosystem.

The NOM token sale is more oriented toward users than toward  investors.

Update: Cryptonit is currently testing its servers with maximum capacity loads to ensure the stable work of the service.
The exchange will be available next week.

#finom_news

Finom AG has announced its second token sale!

During the first token sale, participants purchased FIN security tokens, the digital equivalent of Finom shares. In the first stage, 7000 of our investors pledged over $41 million.

Exploring the application of NOM utility tokens, which investors received as a bonus when purchasing FIN tokens, we saw a large potential for NOM. The wider and more active the application of NOM tokens within the project, the more value it will generate. As a result, we decided to make the NOM tokens a full-fledged means of payment within the platform.

To reach these goals, the company will carry out the release of an additional number of NOM utility tokens. So the second token sale is all about NOM! It begins on February 1st and lasts until March 3rd. All investors in the original sale will receive the additional NOM tokens as a bonus soon and a special discount for purchasing NOM tokens.

For more information about the upcoming NOM token sale, please read our letter for investors: https://goo.gl/CZM4tr

People say bitcoin is unregulated, usually in order to make the argument that it’s dangerous and unstable. Although bitcoin is, in fact, regulated in a number of ways.

All the exchanges offering bitcoin futures trading have had to get approval from the CFTC, the Commodity Futures Trading Commission. What’s more, there is a number of government bodies that have issued guidance, if not official rules, on cryptocurrency trading. For instance, among the countries who has released their own cryptocurrency regulations you can find Japan, China, USA.

In 2014, the IRS issued its first guidance on bitcoin and taxes. It decided to treat bitcoin as property, which means that income from bitcoin would be treated as capital gains, like with stocks. And in the next year, NYDFS introduced the “BitLicense,” a set of regulations governing any digital currency companies based in New York that hold customer funds. Some companies applied for the license, while others shut down their operations in New York to avoid doing so.

To summarise: bitcoin trading platforms are already regulated in a number of ways, and we expect even more regulations in the upcoming year.

#finom_opinion

CryptoTurbulence in Seoul
For almost a week there had been rumors about a ban on cryptocurrency trading in South Korea.
A couple of days ago reports in the local news agency Yonhap claimed that requirements for Korean traders to use their real names for cryptocurrency trading accounts, a potential regulation reported earlier in January, will indeed come into effect by the end of this month, citing “the authorities.”

Yonhap quotes the government's statement:
“The proposed shutdown of exchanges that the justice minister recently mentioned is one of the measures suggested by the justice ministry to curb speculation. A governmentwide decision will be made in the future after sufficient consultation and coordination of opinions. Monday's announcement suggests that a shutdown is not likely in the near future.”

The situation in South Korea has resulted in fragmented information appearing on a daily basis as to how cryptocurrency will ultimately fare under Seoul’s jurisdiction.

In the latest news from Monday, an official statement from the Office for Government Policy Coordination was released stating that a ban on cryptocurrency is not in the works and that the government has yet to come to a final decision. However, some traders think that news about the “ban of exchanges in South Korea” has had an effect on the whole cryptocurrency market.

#finom_news

What it is Cloud Mining?
Cloud Mining is the process of cryptocurrency mining utilizing a remote datacenter with shared processing power.
This type of mining enables users to mine different cryptocurrencies without managing the hardware and it is actually the only definition between cloud mining and traditional mining.
The mining rigs (special type of computers only for mining) are housed and maintained in a facility owned by mining company and the customer simply needs to register and purchase mining contracts or shares.
In general, there are three forms of remote mining available at the moment:
Hosted mining. (mining machine that is hosted by the provider).
Virtual hosted mining (virtual private server with your own mining software).
Leased hashing power. Lease an amount of hashing power, without having a dedicated physical or virtual computer. (This is, by far, the most popular method of cloud mining.)

We would like to remind that Finom plans to release its own cloud mining service and offers a 10% discount for all the users who passes registration before the launch: https://goo.gl/rvtc8T

Due to the technocal issues the registration on Cryptonit exchange will be available only from January 23rd

#finom_news

Hello FINOM, please help me with this problem
I am a user of FINOM, Tab Trader and Beetle.
After press forget password on Beetle a email from Tab Trader give me a link to set new password. But after set new password, Beetle app always said that my password is wrong and I can not login to Beetle now.
I sent support to both Tab Trader and Beetle but no response.
Could you please help me check it.
Thank you very much.

In which case should I send the documentation and where? Which account should I verify? I've invested in Finom, but I don't recall sending any documentation. Should I have done this? I'd appreciate if you'd explain this to me. Thanks in advance, best regards!