All You Need to Know about Crypto Airdrops 673

We are all used to thinking that there is no such thing as “free.” If anyone is offering something for free, it’s either a bait, a scam, or you’ll need to barter it for something else, or it is something of substandard quality that has little value anyway. And definitely, there is no such thing in our world as “free money.”

There is, though, free money in the cryptocurrency world. Because it follows no rules, regulations, or standards of the traditional market. It has its own values, systems, set of ethics, and ecosystem.

The cryptocurrency world has its unique lingo which is expanding as we speak, as the market doesn’t stop evolving. In this post, we will talk about one crypto term, “airdrop.”

How is this possible

We all know that companies like organizing marketing campaigns to raise awareness about their services or products.

Cryptocurrency airdrops are exactly that – distribution of coins for free done by blockchain-based startups which realized this way they can generate more interest and exposure for their products. The word about the Airdrop and that particular token spreads among the community, raising the awareness, which in turn increases the trading volume of a particular coin when it gets listed on an exchange.

So-called tokens play the role of money here. These can be in most cases exchanged to Bitcoin/Ethereum or other coin of choice, or directly cashed out.

Compared to an ICO or Initial Coin Offering, which involves a private sale (for big investors purchase tokens), often followed by a public sale round (small investors purchase tokens), airdrops doesn’t involve any purchasing and are really giveaways.

How to get free coins

Participating in an Airdrop is simple. You sign up for an Airdrop by filling out a form, give your wallet’s address for receiving coins, and free tokens land in your wallet a few weeks later.

The only requirement may be that a recipient has coins from the relevant blockchain (most often Bitcoin or Ethereum) stored in their wallet. Sometimes the process involves completion of tasks by the user in order to qualify for the airdrop (often a tweet or a post share).

As an example, in 2017, the cryptocurrency exchange platform Binance carried out an airdrop of 500 TRX. In order to qualify, an account holder had to have at least 0.003 BTC, or the equivalent in other cryptocurrencies, and to have completed at least one transaction on the account.

There are two types of airdrops. The surprise ones and the ones that are announced beforehand. Already established blockchain-based enterprises sometimes like to reward loyal members of their community by sending free coins randomly. In the second type of Airdrops, smaller blockchain-based startups make airdrop announcements beforehand to get the buzz going.

The first step is to sign up for online services that provide timely information about cryptocurrency airdrops. There are services that will send you such alert, see websites like Airdropalert.com or Airdropaddict.com. Also follow the respective coin’s Twitter accounts, Telegram groups, as well as online cryptocurrency airdrop forums to be in the know about new airdrops.

The second step is cryptocurrency wallets. It is a good idea to get an ERC20 compatible multicurrency wallet (any wallet that supports the Ethereum blockchain) since the majority of the cryptocurrency tokens in the market are ERC20 tokens. Additionally, a Bitcoin wallet, it will be handy for many airdrops too. An airdrop will sometimes require a specific wallet called “a non-exchange wallet.” This is simply a wallet that isn’t located on exchange sites such Binance or Coinbase. Reputable non-exchange wallets include Exodus and Jaxx.

The third step is your contact details. You’ll most likely need a Telegram account on your smartphone. And a phone number: if you want to avoid giving out private information, set up a free one on Google Voice.

Be vigilant!

Be aware of scams when considering participating in airdrops. Because the cryptocurrency industry is poorly regulated at the moment, there are many actors who set up whole new crypto startups just for the purpose of scamming users out of their money.

It is important to be on the lookout, so as not to fall a victim of fraudulent airdrop campaigns. Some airdrops are designed to hack wallets and steal private keys. Always confirm the authenticity of a cryptocurrency airdrop campaign by doing your research before participating in it.

Another great idea, which is also pricier, is to store all your crypto assets in a hardware wallet (both BTH and ETH supported).

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Huobi Group and Filecoin Collaborate to Bring Incubation Center 4445

Huobi Group, in collaboration with Protocol Labs, announces alongside Filecoin the launch of the Huobi-Filecoin Incubation Center with a $10M USD fund dedicated to supporting the Filecoin ecosystem. The incubation center will focus on three main areas: Incubation, investment, and community development. It will support promising Filecoin developers, promote Filecoin-related academic research, and foster ecosystem development. Both Huobi and Protocol Labs believe that IPFS and Filecoin will be the foundation of the next generation of internet, creating a safer, more equal, and accessible system to distribute and store data – our most valuable asset in the 21st century.

As Filecoin launched its mainnet, the crypto market has also witnessed a surge of interest in this technology. Miners have now onboarded more than 1 Exabyte of storage to the Filecoin network, up +60% since the mainnet launch on October 15th. This is enough to store 250 Million 1080p Movies or 4000 versions of Wikipedia. There are over 100 organizations building on Filecoin’s mainnet, 200+ new projects entering the ecosystem through accelerators and hackathons, over 700 miners providing storage solutions and more than 4,800 developers contributing to the project on GitHub.

Seeing the Filecoin ecosystem’s enormous potential, Huobi believes that similar to decentralized finance, decentralized storage solutions such as Filecoin will lead a new wave of blockchain revolution and bring more innovation opportunities to developers. With Protocol Labs as the technical advisor to the investment fund, the incubation center would provide the best support for Filecoin developers and the community.

“Decentralized storage is a great experiment that combines cloud storage with the decentralized mechanism of blockchain. We believe that Filecoin would be the infrastructure for the next generation of internet. In this new age of information, we need to develop new ways to protect, store, and exchange our data, which could be crucial for how society and the world could be defined and developed.  In the past, the world has no mature system to handle data at scale in a decentralized way. Decentralized storage in the blockchain world is also still in the 0 to 1 stage. Viable use cases, incentive mechanism designs, and the system’s robustness and effectiveness are yet to be tested. There are still many gaps to be filled in the Filecoin ecosystem, whether from theoretical research or technological development standpoint; we see that the entire ecosystem needs more resources and support,” said Huobi CIO Sharlyn Wu.

“Right now the internet is in the middle of a revolution, and, with the launch of Filecoin, it is beginning the transition back to its decentralized roots so we can all work together to safeguard this valuable resource for the world. I’ve been impressed and grateful for the large and growing community of Filecoin developers, miners, builders, users and ecosystem participants in Asia who are passionate about a vision for a better internet.  Programs like the Huobi Filecoin Incubation Center will play important roles in supporting the community in their quest for a better web and a brighter future”  commented Juan Benet, Founder of Protocol Labs and Filecoin.

“Nurturing the Filecoin ecosystem of clients and applications building on Filecoin is a top priority for the community.  We believe the Huobi-Filecoin Incubation Center will play an important role in helping the Filecoin & IPFS ecosystems attract even more developers, entrepreneurs and community members and support their efforts to accelerate adoption of the protocol.  By 2021, we expect the Filecoin ecosystem to have world class applications, developer tooling solutions and infrastructure for clients, miners and the broader community”  said Colin Evran, Ecosystem Lead for the Filecoin Project and Leader at Protocol Labs.

Algorand Launches Global Partner Program to Accelerate Development and Adoption of Blockchain-Powered Products and Services 5475

Algorand, a world-class blockchain powering secure and efficient frictionless exchange, today announced the Algorand Partner Program (APP), designed to build and curate a partner ecosystem that enables and delivers Algorand-based products to market faster, easier, and with end users in mind. APP participants can differentiate their services and expand their business in the private and public sector with organizations at different stages of their blockchain journey: from those exploring blockchain’s potential to those already working on blockchain projects.

Program participants benefit from unique access to resources and support in building and delivering their Algorand-based offering. Additionally, they get access to the exponentially growing market of organizations seeking resources to develop or adopt Algorand-based solutions. The initial list of companies accepted in the APP includes:

  • Applied Blockchain, a company that develops enterprise software solutions for clients using blockchain and privacy-preserving technologies.
  • Rocket Insights, the fastest-growing product agency in the United States, focused on creating beautiful apps for Mobile, Voice, and the Web.
  • Mentat Innovations, a company that delivers Artificial Intelligence and Blockchain solutions for enterprises seeking to unlock the hidden value of their data.
  • BLOCKCHAIN ITALIA.io, a software developer based, specializing in fintech and blockchain.
  • Nona Digital, a high-end custom software studio.
  • Emali, an enterprise technology company that develops, licenses, supports, and delivers fintech software, solutions, and related services.
  • Bluemi, a technology payment company focused on business adoption of digital currency.
  • Cartan, a full-service fintech management consulting company with deep regulated institutional experience.
  • IntellectEU, a leader in digital finance and emerging technologies that offers strategic consultancy, operations support, and implementation services.
  • Looptribe, a software consulting company focused on digital innovation and transformation.
  • Reach, a consulting company that developed the fattest, safest, and easiest way to build applications on Algorand.
  • Koibanx, a financial assets tokenization platform, customizable for payments and digital banking products.

“As organizations, central banks, and governments begin to leverage blockchain to transform the way they create value and facilitate economic exchange the demands to provide organizations with support, resources and professional services are increasing exponentially,” said W. Sean Ford, COO of Algorand, Inc. “From DeFi startups to traditional financial institutions across a variety of sectors and geographies, Algorand’s Partner Program will help companies navigate their path to building enduring value through blockchain adoption.”

Some of the APP participants, such as Applied Blockchain and IntellectEU, have recently introduced new applications built with Algorand technology.

“Algorand’s advanced technology is best-in-class for financial products and services of the future,” said Chris Kelly, Product Manager at IntellectEU. “Having seen Algorand’s commitment to building out the ecosystem and supporting its users, we are excited to be a part of the Algorand Partner Program as it will open up new opportunities for us and our clients as we build next-generation blockchain solutions.”

“We have been working with the Algorand team for almost a year on a number of initiatives, and we have found them to be one of the most professional teams in our field,” said Adi Ben-Ari, Founder and CEO of Applied Blockchain. “We look forward to deeper collaboration through the partner program, making it easier to define a clear track to building success for our company and our clients on blockchain.”

Algorand plans to expand its program, adding more partners globally to facilitate integrations with enterprise, governments, and financial institutions that leverage Algorand blockchain. This will include select consulting firms, system integrators, software development firms, infrastructure and complementary service providers, which provide the capabilities to enable and ensure success of Algorand’s adoption. Companies interested in becoming a part of the program can apply at algorand.com/partners.

About Algorand Inc.

Algorand Inc. built the world’s first open source, permissionless, pure proof-of-stake blockchain protocol for the next generation of financial products. This blockchain, the Algorand protocol, is the brainchild of Turing Award-winning cryptographer Silvio Micali. A technology company dedicated to removing friction from financial exchange, Algorand Inc. is powering the DeFi evolution by enabling the creation and exchange of value, building new financial tools and services, bringing assets on-chain and providing responsible privacy models. For more information, visit https://www.algorand.com.

CoinAd.media has Launched Marketplace for Ad Crypto Services 6613

CoinAd.media has launched a crypto service Marketplace that provides solutions for any advertising and marketing tasks; focused on the cryptocurrency and blockchain market niches. Typical challenges and problems shall be eliminated instantly by connecting publishers and advertisers in the industry on a common platform designed to meet their needs.

Being in the market for three years we at CoinAd.media have studied requirements of the advertisers well enough, that is why we have collected in our Marketplace the most popular and requested crypto services.

For example, right now you can buy the News Distribution to Crypto Websites service with one click and select the site where you want to publish your PR story, news, article, press release or review. Immediately after payment, your PR story gets to the publisher, who will instantly publish it on its website.

The Marketplace offers you many discount packages for banner advertising at CoinAD.media. These discount packages will save your money in the present challenging time for business.

CoinAD.media – Crypto Advertising Network. Trusted by more than 170+ crypto related websites. Audience 100% Crypto! Create your ads using our advertising platform and generate top quality leads to your websites from our enormous publisher network.

Various options of Banner Discount Packages + News Distribution to Crypto Websites are also available in the marketplace which provides the opportunity to buy banners and publications on the web sites at a good and attractive price.

The marketplace of CoinAD.media accepts payments in EUR, USD, USDT, BTC, ETH, XRP, LTC as well as any Bank or Credit Cards. In cooperation with CoinPayments we provide immediate prompt receipt of payments in cryptocurrencies with one click within a couple of minutes.

Save your money with the CoinAd.media Marketplace, get convenient and good advertising service with one click in your browser or mobile phone. We’ll take care of the rest.

ShowPay successfully raised funding of $1.5 million to build MetaID 7691

ShowPay, a well-known blockchain enterprise from the Bitcoin SV (BSV) ecosystem in China announced the completion of an angel round of funding. This round of investment is led by Jinghe Investment, a subsidiary of China Lantian Corporation, with another VC participating. The funds will be mainly used for: 1) strengthening the basic research and development of the global distributed ID “MetaID” based on BSV; 2) establishing a non-profit fund to promote the adoption of MetaID; 3) expanding the team.

ShowPay is a blockchain company established in 2019 with the main development team in Guangzhou China. It is a blockchain company focusing on the underlying technology of BSV.

According to the investors, the chairman of Jinghe Investment Mr.Gong said, “I think the global ID based on blockchain is the most important link in the future blockchain world, and it must be the next wave of the blockchain industry, because without the global ID based on blockchain, it is impossible to usher in the large-scale popularization of blockchain applications. I am very optimistic about the MetaID being built by the ShowPay team. I believe that MetaID will become the largest global ID scheme on the blockchain in the next five years, and will become the most important infrastructure of the next generation Internet. We will continue to invest in important infrastructure blockchain projects.”

Jinghe Investment is a company with a background related to China state-owned assets. Previous investment cases of Jinghe were mostly industrial projects, and it is the first time they’ve invested in blockchain field projects.

It is one of the largest investments to date in Chinese BSV enterprises, highlighting that more and more people in China can see the value of BSV. The ShowPay team hopes that in the future MetaID can detonate the explosion of blockchain ecology and make blockchain a technology that really benefits society.

TOMIA and Clear Join Forces to Deliver A New Blockchain-Based Automated Approach for The Global Roaming Ecosystem 9576

TOMIA, the market leader in end-to-end connectivity optimization solutions, and Clear, the developer of blockchain-based settlement and clearing networks, today announced a partnership to provide the global roaming ecosystem with a joint roaming management, reconciliation and settlement platform. Combining Clear’s best-in-class blockchain solutions and TOMIA’s roaming deal management and settlement solutions, the two will collaborate to offer the telecoms industry increased savings and efficiency. This partnership will formulate an end to end solution for both existing as well as new services from set up to settlement, for the enablement of new 5G, IoT and edge services. This platform will truly transform the Operators’ ability to innovate and increase revenues in the coming years.

TOMIA is upgrading its roaming deal management and partner settlement applications to be interoperable with various blockchain workflows ensuring partner collaboration and automation for the blockchain enabled partners. The partnership between Clear and TOMIA brings together the strengths of both Clear’s blockchain solution with TOMIA’s application ensuring a seamless wholesale roaming deal management and settlement solution for both blockchain and non-blockchain partners.

Clear is changing B2B trade by enabling enterprises to seamlessly transition from the current inefficient and manual processes to automated settlement and clearing systems, reducing disputes and creating a more collaborative, frictionless ecosystem. As the telecommunications industry continues to develop rapidly, Clear and TOMIA will work closely together to support the industry in this venture by developing new solutions for the automation of wholesale roaming settlement processes. The pair will also collaborate to build a joint blockchain-based solution with the aim of enhancing both parties’ current service offerings.

Marco Limena, CEO of TOMIA, said, “TOMIA and Clear share the common goal of seeking to offer transformative solutions to the telecommunications industry. Automated settlement solutions that drive partner collaboration and dispute automation processes are something the telecommunications industry has wanted for some time. It brings the much-needed benefits such as reduced costs, improved time management, and increased cash flow efficiencies. System upgrades like these are increasingly important at a time when the industry is undergoing significant change, and telecoms providers seek to drive connectivity through new innovative technologies like 5G.”

Commenting, Eran Haggiag, Co-Founder and Executive Chairman of Clear said, “We are thrilled to enter a strategic partnership with an industry leader like TOMIA. Our partnership gives expression to our commitment to working side by side and sharing expertise and insights in order to cultivate new solutions that will automate the entire wholesale roaming settlement process, right the way through, from agreement management to settlement stage.”

About TOMIA

TOMIA was formed from the merger of Starhome Mach and Telarix, industry leaders in Roaming and Interconnect. TOMIA offers transformative connectivity solutions to service providers worldwide. Its innovative offering enables customers to manage a unified optimization process of both roaming and interconnect while driving the future of connectivity through new technologies and services such as VoLTE, NFV, Machine Learning and 5G. With regional headquarters in the US, Israel, Luxembourg, India, and a presence in over 30 countries, TOMIA serves over 400 operators globally. To learn more visit www.tomiaglobal.com.

About Clear

Clear builds blockchain-based settlement and clearing networks for global industries. Founded in 2018, Clear facilitates frictionless B2B trade by enabling enterprises to transition from current inefficient and manual processes to real-time trading and clearing on a global scale. Clear’s platform helps enterprises automate contracts and data management while guaranteeing control, security, and privacy in networks with multiple partners. This also provides automatic payments and clearing, reducing transaction fees, long payment cycles, and managing fraud prevention. For more information, visit www.clearx.io.

LH-Crypto: the Difference between a Crypto Broker and a Crypto Exchange 9600

Bitcoin

There has been over two years since LH-Crypto, the first crypto broker, entered the market. Before and after that, there have been launched many crypto exchanges that enable people to trade with different digital currencies, so what’s the point of creating a crypto broker? And what’s the difference between it and a normal crypto exchange? We have studied this question and we can share our insights with you.

Let’s start with trading instruments. On a crypto exchange, one can obtain crypto currency and different tokens based on such currencies. LH-Crypto broker has a much wider choice of everything one might need: stocks, crypto, commodities, metals, currency pairs. All of it one can buy or sell from one account, no need to open a special account for every type of assets.

Replenishment and withdrawal

On a crypto exchange, one can operate with only cryptocurrencies, while with LH-Crypto broker, one can open an account and use it for operations with crypto and Euro at the same time. Therefore, one can replenish his or her account not only from a crypto wallet, but also with a bank wire or just a card transaction. And the broker does not charge anything for that. Moreover, if a bank charges a commission for card transactions, LH-Crypto compensates it, so the account is replenished with the full amount charged from the client.

Withdrawal is also available for both a crypto wallet and a bank account. But there is one little thing – one should always use the same method for withdrawal as the one he or she used for replenishment. For example, if one opens an account in Bitcoins, replenishes it from his or her Bitcoin wallet, then it’s not possible for him or her to withdraw funds to a credit card.

Also, it is important to note that there are two ways to withdraw funds from an LH-Crypto account: manual and automated. Automated withdrawal is fast and convenient. A client just needs to fill in a form in their Client Area on the site, and the funds are withdrawn instantly. The only drawback is that the daily limit is 500$. For a larger amount of money, one will need to fill in a paper request, sign it with his or her own hand, upload a scanned copy to their Client Area; in a couple of days the request is checked and approved by the Finances Department: this is when the client finally gets the funds. This is done solely for the safety purposes, so there is no objection to this policy of LH-Crypto.

Verification

Exchanges have rather strict policies in verifications of their new clients. For registration, one normally needs to go through a time-consuming procedure, which includes but may not limit to providing personal documents, uploading special photos or videos with the client’s face and other peculiar requirements from different exchanges. After all the manipulations have been finished, one still needs to wait till his or her account is verified, which may take up to several days.     

LH-Crypto exchange enables a client to register without providing any personal data, only an e-mail. However, that only works for crypto accounts and for one service type – Start. A Euro account or more advanced tariffs – Standard or PRO, which have lower commissions and higher daily limits for withdrawal, – will demand going through a KYC procedure. Know Your Client is a verification system that includes checking basic documents – a passport or any other ID that has a photo and a special number on the same page, like a driving license. Verification will not take much, just up to 48 hours.

Leverage

The broker provides much higher leverage than exchanges. It makes trading more easily accessible for everyone. The higher is the leverage, the less are the funds that a client needs to invest at first. But higher leverage also means higher risks; to control them, one needs to make sure if there are enough funds on the account. To lower potential risks, LH-Crypto broker adjusts the leverage automatically, so that the leverage level was perfect for every account size and every service type.

Shorting

Another peculiar feature that makes a broker stand out. All exchanges are designed so that only its clients can buy or sell assets there. Usually, there are not too many clients, so if an unpopular coin loses liquidity and its price goes down, it can be hard to find a buyer. Meanwhile, brokers provide a purely speculative income, so it is possible and even simple to earn not only from growth, but from falling prices as well.

Moreover, the technologies used by brokers allow one to turn on special programmes to influence his or her trading, like trading advisors or robots that analyse the technical data and help find the best moments for coming into the market and opening an order.

To conclude, it is also important to mention another nice feature of LH-Crypto broker – it often offers different bonus programmes with up to +200% as a gift for opening or replenishing an account. And even though at this particular moment this offer is not active, LH-Crypto announced that soon it will start other bonus programmes.