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      "body": "Unikoin has a really high potential.... problem is the ICO is in 2 months, A LOT can happen till that point.",
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      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttp://www.newsbtc.com/2017/06/28/blockchain-lottery-trueflip-launches-ico/",
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      "author": "rukshan",
      "body": "Hi follow4follow vote4vote <3",
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      "author": "techtoday",
      "body": "TrueFlip, the international Anonymous blockchain lottery with instant payouts, successfully launched its ICO on June 28, 2017. The blockchain-based lottery has already sold 2,012,960 TFL tokens of worth 14.7 million at the time of writing. A 30% bonus for token purchase has been added for today.\n\n![](https://steemitimages.com/DQmdycvn8konscfbeRkv6swc6FVp1KP7mgHRTCCpQSCqzMv/image.png)\n\nTrueFlip, with its aim of becoming the most popular and transparent blockchain-based lottery with the largest Jackpot in the world, was launched in beta in April 2017. The platform has been able to sell over 110,000 lottery tickets to 40,000 unique users since then. The overall amount of winnings currently comprises 21 BTC.\n\nThe team behind TrueFlip wants to build it as a provably fair and decentralized lottery platform as opposed to the most of the existing lotteries which are totally centralized or even held by governments and are hardly transparent.\n\nThe plan is to raise at least 1,000 BTC through the crowdsale which will be used for various purposes once the fundraising campaign gets over. Forty percent of the raised funds will be utilized to form the jackpot, 23% will finance further development of the platform and new games, 20% will be reserved for marketing, 12% for operations, and 5% for legal purposes.\n\nThe funds raised during the ICO will be stored in a cold wallet with multi-signature and will be inaccessible to the developers.\n\nThe token holders will be in for a daily bonus in BTC: 10 to 15% of each sold ticket’s cost will be distributed among all token holders. The TFL tokens will be tradable across altcoin exchanges.\n\nFurther, the token holders can profit even more as there will be a closed raffle held immediately upon the completion of the token sale in which all token holders will take part. 1% of all assets will be distributed among five holders of lucky tokens.\n\nFinally, TrueFlip’s was blocked in Russia in early June in accordance with the demand of the country’s media supervision entity, Roskomnadzor, which claimed that the project was promoting gambling. The claims were rebutted by the developers and the platform intends to challenge the demand in court.",
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      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://www.bitkan.com/news/topic/33558",
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      "author": "techtoday",
      "body": "24th June, Shenzhen-BTC38, the Shenzhen-based cryptocurrency exchange, released a warning to investors of potential ICO scams. ICOs are going rampant in the last two months. There are quite a number of ICO projects named with “Chain” circulating in the socializing tools like QQ or Wechat group, some of which could not be found in any websites and could only be accessible to so-called insiders. This creates another illusion for newbies or “jiucai(leek)” in the Chinese cryptocurrency community: the fast-track for getting rich is not available for everyone and better to get on board ASAP.\n\n![](https://steemitimages.com/DQmeY6uoMw3nW73qL7Qfw7HGpMwpbUJaLsfsUNxibYc6rHf/image.png)\nMeme mocking ICO: Jiucai Coin, an Eth-based Jiucai harvesting system\n\nBTC38 released a statement to disperse rumors concerning recent ICOs that promote using the name of the exchange. TLDR version of BTC38 announcement:\n\n1. BTC38 will not list any newly-issued ICO assets. It’s one of the principle of BTC38 not to be the first exchange for any cryptocurrency or assets.\n2. BTC38 has never been and will not get involved in the market-making of exchange and staffs are not allowed to get involved as well.\n3. BTC38 will publicize plans and open bidding for “renovating coins”.\nThe announcement also warns investors of fake Wechat or QQ chat log to fool the investors, which is echoed by Yunbi :\n\n“In order to protect the benefit of the investors, YUNBI hereby declares: YUNBI will not promise to list any of the tokens from the ICO projects before the ICO ends. Any blockchain startups using YUNBI’s name to do advertisement, their behaviors would be considered as infringing acts. YUNBI will use legal means to ask for their accountability.”\nAs pointed out by Biqushi, 10x inflow of cryptocurrency investors are observed recently compared to that of last year as of 20th June.\n\n![](https://steemitimages.com/DQmfUhuSUkjqAMjXZz6o9PiDCvVcB9syZaXFtpbXadA1RDK/image.png)\nSummary of new investors as of 20th June\n\nTempted by stories like : 200,000 CNY to 6 Million CNY in 2 Years, the newbies are busy trading instead of educating themselves and doing due diligence research.\nIn a report released in April by Chinatimes, one of the mainstream media in China, ICO has been more or less described as “raising fund without viable products and institutional backing” and a “shortcut for grey fundraising”. The story cited QTUM as a “deception to outsiders and investors”.\nDespite that the authority may implement “regulatory sandbox” for ICOs, , it’s still too early to say that exception could be made amid the crackdown on illegal fundraising. The tolerance for ICOs may come to a sudden halt in China. According to a legal interpretation from a lawyer, illegal fundraising may face death penalty in China .\n\nICO may help blockchain startups to get much-needed funding for quick establishment and exploration of uncharted area in the realm of blockchain, which are generally helpful to the whole ecosystem. On the other hand, the lack of self-discipline and the lurking scammers may do much damage to the latest fundraising methods.",
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      "author": "techtoday",
      "body": "24th June, Shenzhen-BTC38, the Shenzhen-based cryptocurrency exchange, released a warning to investors of potential ICO scams. ICOs are going rampant in the last two months. There are quite a number of ICO projects named with “Chain” circulating in the socializing tools like QQ or Wechat group, some of which could not be found in any websites and could only be accessible to so-called insiders. This creates another illusion for newbies or “jiucai(leek)” in the Chinese cryptocurrency community: the fast-track for getting rich is not available for everyone and better to get on board ASAP.\n\n![](https://steemitimages.com/DQmeY6uoMw3nW73qL7Qfw7HGpMwpbUJaLsfsUNxibYc6rHf/image.png)\nMeme mocking ICO: Jiucai Coin, an Eth-based Jiucai harvesting system\n\nBTC38 released a statement to disperse rumors concerning recent ICOs that promote using the name of the exchange. TLDR version of BTC38 announcement:\n\n1. BTC38 will not list any newly-issued ICO assets. It’s one of the principle of BTC38 not to be the first exchange for any cryptocurrency or assets.\n2. BTC38 has never been and will not get involved in the market-making of exchange and staffs are not allowed to get involved as well.\n3. BTC38 will publicize plans and open bidding for “renovating coins”.\nThe announcement also warns investors of fake Wechat or QQ chat log to fool the investors, which is echoed by Yunbi :\n\n“In order to protect the benefit of the investors, YUNBI hereby declares: YUNBI will not promise to list any of the tokens from the ICO projects before the ICO ends. Any blockchain startups using YUNBI’s name to do advertisement, their behaviors would be considered as infringing acts. YUNBI will use legal means to ask for their accountability.”\nAs pointed out by Biqushi, 10x inflow of cryptocurrency investors are observed recently compared to that of last year as of 20th June.\n\n![](https://steemitimages.com/DQmfUhuSUkjqAMjXZz6o9PiDCvVcB9syZaXFtpbXadA1RDK/image.png)\nSummary of new investors as of 20th June\n\nTempted by stories like : 200,000 CNY to 6 Million CNY in 2 Years, the newbies are busy trading instead of educating themselves and doing due diligence research.\nIn a report released in April by Chinatimes, one of the mainstream media in China, ICO has been more or less described as “raising fund without viable products and institutional backing” and a “shortcut for grey fundraising”. The story cited QTUM as a “deception to outsiders and investors”.\nDespite that the authority may implement “regulatory sandbox” for ICOs, , it’s still too early to say that exception could be made amid the crackdown on illegal fundraising. The tolerance for ICOs may come to a sudden halt in China. According to a legal interpretation from a lawyer, illegal fundraising may face death penalty in China .\n\nICO may help blockchain startups to get much-needed funding for quick establishment and exploration of uncharted area in the realm of blockchain, which are generally helpful to the whole ecosystem. On the other hand, the lack of self-discipline and the lurking scammers may do much damage to the latest fundraising methods.",
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      "author": "vikky",
      "body": "Hi there ✌🏻 I'm Vikky and I'm a new steemer! Please follow me back and vote for my first posts) I'm really thankfull to you 😻",
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      "body": "IOTA, designed as a cryptocurrency for the Internet of Things, has come back strong on a day most cryptos were losing value, continuing a pattern of volatility.\n\n![chart.png](https://steemitimages.com/DQmPRNXGpUGftj9nXzfcTnpSU3wmyAxupU5Yh3ffHT2d8SL/chart.png)\nSource: Coinmarketcap.com\n\nThe eighth largest crypto with $1.249 billion in market capitalization as of Friday morning, IOTA posted a 13.52-point gain to $0.449602 BTC in the last 24 hours after suffering a 20.16-point drop in the previous 24-hour period. On June 30, IOTA posted the biggest 24-hour fall for all top 100 cryptos with the exception of Peerplays.\n\nIOTA posted the strongest performance of all cryptos today with the exception of Gnossis, the number 17 crypto with a $368.67 million market cap, which jumped 38.08 points; number 54 ranked Agoras tokens with a $53.61 million market cap posting a 215.06-point gain; and 94th ranked NeosCoin with a $24.79 million market cap delivering a 38.08-point gain.\n\nA Volatile Pattern\n\nPrior to the June 30 fall, IOTA posted a 26.48-point gain on June 24, a record gain for that period. That came on the heels of losing 36.5 points in a 24-hour period.\n\nThe price fell from $0.634748 on June 13 to $0.300365 on June 15, where it hovered until June 26 when it reached $0.415750.\n\nIOTA has experienced high volatility since launching June 13 and shooting quickly into the top 10 cryptos.\nThere is currently a circulating supply of 2.779 billion MIOTA’s, its maximum supply.\n\nA Unique Protocol\n\nThe first cryptocurrency without a blockchain, IOTA uses a protocol called the “Tangle,” which is based on DAG technology. In a traditional blockchain, various transactions are bundled in each block before this bundle of transactions is verified by miners. In the Tangle, every transaction forms a new block and is essentially verified by itself: In order to successfully conduct a transaction, you first have to verify two randomly chosen transactions is the network.\n\nBitfinex officially launched the IOTA token, IOT, on June 13. After going live on Bitfinex, the transaction volume quickly became so massive that the Bitfinex servers briefly went down. Within the first three hours of trading, 4.44 million mega IOTA were traded with the IOT/USD pair, an amount that increased by the second. The IOT/BTC trades showed even greater activity, showing 11.67 million mega IOTA traded in the same period.\n\nThe Tangle project began in mid-2015 aimed primarily at Internet-of-Things for machine-to-machine payments and data integrity. The founders realized that Internet-connected devices need a way to do settlements and data transfers securely in order for IoT to work.",
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      "body": "Entrepreneur Mark Cuban, who previously helped Bitcoin's value drop after calling it a \"bubble,\" is now interested in another digital currency. And no, it is not Ethereum, but the UnikoinGold.\n\n![cuban.jpg](https://steemitimages.com/DQmWhnc1L65C5oY9wroMhBWWJ1N7Kps7hwTPTNGK4tDDGKF/cuban.jpg)\n\nAccording the Coindesk, Cuban is participating in another fundraising round of one of his portfolio companies, a sports-betting blockchain platform dubbed Unikrn, via an initial coin offering.\n\nAn ICO is a crowdfunding method that has grown in popularity as of late among blockchain startups, with more than 30 ICOs already this year. Companies sell their own digital currencies and use the proceeds to fund their businesses.\nUnikrn has already raised some $10 million from investors, including Ashton Kutcher. The company allows anyone to place bets with its digital token, the Unikoin, according to Coindesk.\n\nInvestors will be allowed to register for the pre-sale starting mid-July. About 1 billion UnikoinGold tokens will be up for grabs.The company has yet to establish a price for the UnikoinGold, though investors will be able to exchange digital currency for Ether, the token under Ethereum.",
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      "body": "Entrepreneur Mark Cuban, who previously helped Bitcoin's value drop after calling it a \"bubble,\" is now interested in another digital currency. And no, it is not Ethereum, but the UnikoinGold.\n\n![cuban.jpg](https://steemitimages.com/DQmWhnc1L65C5oY9wroMhBWWJ1N7Kps7hwTPTNGK4tDDGKF/cuban.jpg)\n\nAccording the Coindesk, Cuban is participating in another fundraising round of one of his portfolio companies, a sports-betting blockchain platform dubbed Unikrn, via an initial coin offering.\n\nAn ICO is a crowdfunding method that has grown in popularity as of late among blockchain startups, with more than 30 ICOs already this year. Companies sell their own digital currencies and use the proceeds to fund their businesses.\nUnikrn has already raised some $10 million from investors, including Ashton Kutcher. The company allows anyone to place bets with its digital token, the Unikoin, according to Coindesk.\n\nInvestors will be allowed to register for the pre-sale starting mid-July. About 1 billion UnikoinGold tokens will be up for grabs.The company has yet to establish a price for the UnikoinGold, though investors will be able to exchange digital currency for Ether, the token under Ethereum.",
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      "body": "Entrepreneur Mark Cuban, who previously helped Bitcoin's value drop after calling it a \"bubble,\" is now interested in another digital currency. And no, it is not Ethereum, but the UnikoinGold.\n\n![cuban.jpg](https://steemitimages.com/DQmWhnc1L65C5oY9wroMhBWWJ1N7Kps7hwTPTNGK4tDDGKF/cuban.jpg)\n\nAccording the Coindesk, Cuban is participating in another fundraising round of one of his portfolio companies, a sports-betting blockchain platform dubbed Unikrn, via an initial coin offering.\n\nAn ICO is a crowdfunding method that has grown in popularity as of late among blockchain startups, with more than 30 ICOs already this year. Companies sell their own digital currencies and use the proceeds to fund their businesses.\nUnikrn has already raised some $10 million from investors, including Ashton Kutcher. The company allows anyone to place bets with its digital token, the Unikoin, according to Coindesk.\n\nInvestors will be allowed to register for the pre-sale starting mid-July. About 1 billion UnikoinGold tokens will be up for grabs.The company has yet to establish a price for the UnikoinGold, though investors will be able to exchange digital currency for Ether, the token under Ethereum.",
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      "body": "An alleged ₹500 crore (approx. $772 million) cash-for-clicks ponzi scam in India is complete with Bollywood celebrities endorsements and payouts in Bitcoin.\n\nAccording to local reports, the Central Bureau of Investigation (CBI) – India’s primary law enforcement and intelligence agency – has begun an investigation into an alleged ponzi scheme that promised money for clicking on online advertisements.\n\nFor context, the case is centered around a new private startup called Webwork Trade Links, that launched in September last year, with the paid-up (cash for stock) capital of a relatively measly ₹1 lakh, about $1,500. Four months later, the company’s revenue had grown to ₹260 crores, nearly $400 million, entirely from investors’ money.\n\n‘Growth Strategy’\n\nThe money came in after the founders of Webwork launched Addsbook.com in October. Investors were promised rich rewards for clicking on advertisements posted on the website. According to one report, over 400,000 investors had signed up in four months.\n\nAdvertisement shown online in India: \n![addsbook-addsbook.png](https://steemitimages.com/DQmcRDBsLJ9KBrwk8po5fKduvMXZbYJKLeyfqpiFZvbDjmE/addsbook-addsbook.png)\n\nThe company’s marketing campaign for luring investors went mainstream when Bollywood actors Shah Rukh Khan and Nawazuddin Siddiqui endorsed Addsbook, with televised advertisments. Shah Rukh Khan, in particular, is commonly seen as Bollywood’s biggest star and figures among top 10 highest-paid actors in the world.\n\n\nMore pointedly, the founders of the website had collected ₹500 crore, nearly $775 million, from 200,000 ‘investors’ over the same period. The accused founders reportedly purchased luxury automobiles, an Audi and a Mercedes Benz, for ₹2 crores, about $310,000.\n\nCash to Bitcoin\n\nUnsurprisingly, the cash stream raised red flags, enough for banks to block bulk payments from the company to investors in late December. Webwork’s founders switched gears and began asking investors to accept payments through bitcoin.\n\nAccording to the Times of India, the company bought bitcoin worth ₹13 crores, approx. $2 million, for payments to those who saw their returns cut off.\n\nAn official complaint filed by one investor alleges that he paid out ₹1.72 lakhs, about $2,600, with the promise of returns for clicks on advertisements for a year. According to a news report, the complaint added “people have invested heavily as they  were influenced by both celebrities” who have been named in the complaint.\n\nMeanwhile, a directive from a state high court has now seen the CBI take over the case which sees the two founders of Webwork in violation of the Information Technology Act.",
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