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Archives for December 9, 2017
СRYCASH, an independent decentralized ecosystem of products for gamers fueled by its CRYCASH token, announces its crowdsale will start December 12. In preparation for this token sale, CRYCASH has already established its first partnership with Crytek, the videogame developer and publisher of the legendary original FarCry and Crysis franchise. Within this cooperation Crytek will use… View Article
СRYCASH, an independent decentralized ecosystem of products for gamers fueled by its CRYCASH token, announces its crowdsale will start December 12. In preparation for this token sale, CRYCASH has already established its first partnership with Crytek, the videogame developer and publisher of the legendary original FarCry and Crysis franchise. Within this cooperation Crytek will use the CRYCASH platform as an advertising service to attract new players to its current and future products and implement CRYCASH as one of the payment methods in the CRYENGINE Marketplace. Also, Crytek will integrate the CRYCASH token into its online games where suitable, starting with Warface Turkey.
Wachtang Budagaschwili, CRYCASH CEO, said: “The gaming industry lacks effective tools for players to monetize their game time, collaborate and communicate. On the other side, game developers are also challenged by high customer acquisition costs and comparatively long time to market. CRYCASH solves these problems by introducing revolutionary custom-tailored products for players and developers. We’re proud to start our token sale having Crytek as our first partner which will allow us to immediately bring CRYCASH to millions of players”.
Crytek Managing Director Faruk Yerli said: “Already several times Crytek has revolutionized video gaming industry with its award-winning products such as the original FarCry, Warface, Crysis Franchise, and Ryse: Son of Rome and that have been enjoyed by more than 50 million players around the world. Being a trendsetter in gaming, our strategy is to introduce the benefits of new technologies before they become mainstream. We’ve been looking into blockchain for a while now and, having reviewed various cooperation proposals, we finally chose CRYCASH as a technological partner. We were impressed by the team’s innovative approach to creating products that can add great value to players, and for Crytek it’s a new business opportunity to attract additional gamers.”
The CRYCASH Ecosystem will offer four major components:
1) Plink – the first application for gamers designed for collaboration and communication among players and receiving CRYCASH tokens for completing tasks from game developers and advertisers. Plink will also be used as a wallet for CRYCASH holders;
2) Marketplace for CRYENGINE community with built-in SDK of the blockchain-based CRYCASH platform where CRYCASH token holders can pay for in-game assets and services;.
3) Advertising platform for game developers;
4) CyberSports platform for gaming tournaments, eSports betting, and events.
The CRYCASH ecosystem will utilize its own CRYCASH token. To ensure its seamless flow within the ecosystem and secure its stability, CRYCASH will apply its BuyBack model which implies spending up to 80% of profits for buying the CRC token at exchanges to reward users for completing tasks set by game developers.
CRYCASH (CRC) will start its token sale on December 12, 2017, 19:00 UTC, and run it through January, 15, 2018, 18:59 UTC. Early birds will receive a 15% bonus within the first 120 hours of the token sale. Then the bonus amount melt by 1% each 24 hours until 18:59 UTC on December 31, 2017. The initial price is set 0.001 ETH per 1 CRC. There’s a 20% ‘big fish’ bonus throughout the whole token sale for those willing to contribute 200+ ETH. Currencies accepted: BTC, ETH, BCH, LTC, DASH. All contributors will receive a chance to be the first to test Plink – the revolutionary application for gamers.
About CRYCASH Ecosystem
CRYCASH is a decentralized ecosystem of custom-tailored products for gamers consisting of Plink, a dedicated mobile application for players’ communication and collaboration and a wallet for CRYCASH earned for completing game tasks; a marketplace for virtual items trading; Cyber Sports platform for eSports betting and events; and an advertising platform for game developers. The CRYCASH ecosystem utilizes its own CRYCASH token with already confirmed partnership with game developer and publisher Crytek, whose games are enjoyed by millions of players around the world. Visit CRYCASH to learn more.
Key Points Bitcoin cash price is following a decreasing slope and is facing sellers near $1480-1500 against the US Dollar. There are two major bearish trend lines forming with resistance at $1410 and $1440 on the 4-hours chart of BCH/USD (data feed from Kraken). The pair is currently moving down and is approaching the $1150-1100… View Article
- Bitcoin cash price is following a decreasing slope and is facing sellers near $1480-1500 against the US Dollar.
- There are two major bearish trend lines forming with resistance at $1410 and $1440 on the 4-hours chart of BCH/USD (data feed from Kraken).
- The pair is currently moving down and is approaching the $1150-1100 support area.
Bitcoin cash price is struggling to gain traction above $1500 against the US Dollar. BCH/USD has to stay above $1100 to avoid any further declines.
Bitcoin Cash Price Upside Hurdle
There were a couple of swing moves in bitcoin cash price above the $1400 level against the US Dollar. However, the price failed to gain momentum every time above $1500. It also failed to move above the $1600 once and is currently facing sellers near the 100 simple moving average (4-hours). Recently, the price traded higher from the $1140 low. It moved above the 50% Fib retracement level of the last decline from the $1610 high to $1140 low.
However, the price was rejected from $1480 and the price moved below the $1350 support area. Moreover, the 61.8% Fib retracement level of the last decline from the $1610 high to $1140 low acted as a hurdle. More importantly, there are two major bearish trend lines forming with resistance at $1410 and $1440 on the 4-hours chart of BCH/USD. These trend lines around $1450 and the 100 simple moving average (4-hours) are acting as major upside hurdles for buyers.
The price is now moving lower once again towards the $1200 level. On the downside, the most important support is around the $1140-1100 zone. The pair has to stay above the mentioned $1100 support in order to avoid more declines in the near term.
Looking at the technical indicators:
4-hours MACD – The MACD for BCH/USD is now in the bearish zone.
4-hours RSI (Relative Strength Index) – The RSI for BTC/USD is heading lower towards the 35 level.
Major Support Level – $1100
Major Resistance Level – $1450
Charts courtesy – Trading View, Kraken
The post Bitcoin Cash Price Weekly Analysis – BCH/USD Struggling Above $1500 appeared first on NEWSBTC.
After 48 hour delay caused by CryptoKittens clogging ethereum network, SophiaTX successfully launched its Token Generation Event yesterday (Dec. 7th). The first round’s milestone (30 Million SPHTX tokens) of SophiaTX TGE has been achieved in just over 24 hours. The TGE will last a total of 5 rounds (approx 10 days) and will distribute 150… View Article
After 48 hour delay caused by CryptoKittens clogging ethereum network, SophiaTX successfully launched its Token Generation Event yesterday (Dec. 7th). The first round’s milestone (30 Million SPHTX tokens) of SophiaTX TGE has been achieved in just over 24 hours. The TGE will last a total of 5 rounds (approx 10 days) and will distribute 150 Million tokens to participants by the end.
Currently, this is one of the most successful Token Generation Events in December, despite the volatility in the crypto market right now with Bitcoin hitting another all time high above 18K today (according to coinmarketcap.com charts), but then plummeted nearly 3K in just a matter of hours taking most of the alt coins down with it! In the midst of this rapid value drop-off, SophiaTX has been able to raise more than $7.3 Million in only the first day of their TGE. This gives testament to the projects solid foundation, making it one of the most interesting and promising projects to come out this year.
SophiaTX was created by Equidato Technologies AG, a Swiss joint venture company combining the blockchain expertise of DECENT with the business experience of Venaco Group. They have developed their own proprietary blockchain, based on DECENT’s technology, tailored for integrating enterprise applications, such as SAP, to businesses of all sizes.
“The SophiaTX project is premised on an in-depth analysis of the technological capabilities of existing blockchains, to ensure a strategy and a platform which can add value and provide businesses with not only suitability, but also superior functionality and features.” explains Jaroslav Kacina, CEO of SophiaTX. “The resulting platform and its focus on adoption in real business, is one of the most innovative advancements of blockchain into the way in which the businesses and their customers interact and how ecosystems are continuously re-defined by digital technology.”
The project has extensive media coverage and is gaining traction in both business and blockchain communities. They are preparing to launch an early adoption program for businesses and technology professionals to explore the capabilities and possibilities of the platform, catered specifically to their companies needs.
If you want to partake in one of the most successful TGE’s of December, you can find all the information, including guides for how to register and participate, on the SophiaTX website.
SophiaTX is a blockchain platform and marketplace for businesses of all sizes, and the first open source platform to primarily integrate blockchain technology with enterprise applications such as SAP, Oracle, and others. 74% of transaction revenue worldwide touches SAP systems, and SophiaTX provides a business-appropriate blockchain for B2B collaboration and communication.
Bitcoin has had a wild ride this week, starting out at $11,000 and surging to over $18,200 seven days later. The market has now started to correct and BTC has fallen back to around $13,500 at the time of writing. The massive rush in demand has highlighted a number of inherent flaws in the system…. View Article
Bitcoin has had a wild ride this week, starting out at $11,000 and surging to over $18,200 seven days later. The market has now started to correct and BTC has fallen back to around $13,500 at the time of writing. The massive rush in demand has highlighted a number of inherent flaws in the system. Major exchanges such as Coinbase were overwhelmed with traffic and transactions which brought the site to a grinding halt once again. At the peak of the trading frenzy there were over 250,000 transactions pending.
Quick to point this out was the Litecoin Foundation who tweeted “There are 223K unconfirmed bitcoin transactions right now… use Litecoin!” As Bitcoin fell back from its dizzy heights funds started to pour back into altcoins which have taken a beating this week. The current front runner in the altcoin race is Litecoin which is up around 50% at the time of writing.
Often referred to as sliver to Bitcoin’s gold, Litecoin has been far more stable in previous months trading slowly upwards from $40 to $60 over the past six months. In mid to late November things started to move a bit quicker for Litecoin which jumped up to $80 and beyond reaching stable ground at around $100 where it has stayed for the last fortnight.
On Saturday however it has exploded and jumped a massive 65% to just over $160. The Asian trading session had been dominated by Litecoin which is traded heavily in South Korea. There have been a couple of conflicting stories coming out of South Korea in recent days regarding the government’s stance on crypto currencies and ICOs.
CoinTelegraph reported that there would be a complete ICO ban in South Korea while other sources, including Korean news publication Chosun, reported that the government would soon allow ICOs for institutional investors. According to the report a task force has been formed by the South Korean Ministry of Strategy and Finance, Financial Services Commission, Ministry of Justice, Fair Trade Commission, and Financial Supervisory Commission. Its purpose is to prepare various regulatory frameworks for businesses and investors to operate within the crypto currency industry.
It is clear that while South Korea remains open and accepting of crypto currencies it is striving for more regulation to prevent fraudulent ICOs and scams. “The South Korean government has no other choice but to follow the regulatory frameworks and trends established by other leading governments. While there certainly exists a negative reputation attached to the cryptocurrencies, the government’s stance is to allow what has to be allowed, for the benefit of the South Korean market.”
The recognition of cryptos and ICOs is likely to have caused the surge in Litecoin which is a dominant asset on Korean exchanges such as Bithumb. Currently the market has corrected a little and LTC is trading at around $135, still around 33% up on two days ago.
Key Points Bitcoin price after a nasty upside ride above the $17,000 level found sellers against the US Dollar. There is a key bullish trend line forming with support at $13,000 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The pair is currently correcting lower and it might extend decline towards the $12,000… View Article