Just an update on the live cryptocurrency investment fund. Just an overview of what purchases we have made and what the next investments we are planning will be.
Most recent Investment
We managed to purchase QKC at $0.20 and purchased 10,000 costing us a total of $2,000. The price has fluctuated between $0.18 and $0.26 throughout the day, so we got in at the lower end of the scale. Binance announced they would be listing QuarkChain not long after the ICO concluded which came as huge news. However, they ended up suspending trading temporarily as there was not enough deposits of QKC to go ahed with trading.
The price shot up shortly after we purchased QKC, so we put a buy order in for another 5,000 QKC again at $0.20… The price then dipped so we added another 5,000 to our investment fund. This made the total investment in QKC $3,000.
Our next guaranteed investment will be Fantom, the project has a lot of hype and has already raised $37.85 million in their private sale. Whitelisting opens 8th June, 2018 at 9am GMT. See the full whitelist guide here.
Fantom is a new project looking to utilise a DAG-Chain (Directed Acylic Graph), and is looking to be the world’s first DAG based smart contract platform that solves the issue of scalability and confirmation time of the existing blockchain technology. IOTA is somewhat of a DAG-chain project although IOTA does use a Proof of Work system so is not fully DAG.
Fantom will only actually be selling $2million worth of tokens during their public sale and the max contribution will be 1.5 ETH. We will certainly be investing in this and looking to review other options.
“nOS is the Virtual Operating System for a new, transparent internet. Powered by the NEO Smart Economy.”
NEP5 tokens have really taken the crypto world by storm this year and the smart economy looks to be expanding in a really positive direction. nOS is going to be a new internet browser which will run on the NEO blockchain. There have not been many projects like this yet. One of the major issues with browsers today is they are powered for the benefit of a few major companies; Google, Amazon, Facebook etc. In which your data is sold to companies and you are displayed adverts that you may or may not want, or require, based on this data.
nOS does have direct competition from New Kind of Network (NKN), both will run on the NEO blockchain so we may well invest in both.
Neo Name Service is not actually conducting an ICO, they are in fact distributing tokens via an airdrop at the end of this month,. The project looks good and the product should be working immediately after the airdrop.
Neo Name Service (NNS) is a decentralised domain name service which will run on the NEO blockchain. In short Neo Name Service will allow users to assign a .neo domain as an alias for their public key. So rather than having a long complicated public key users can send and receive funds to an easy to remember name such as bitguru.neo.
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