Fan Token Platform Socios Secures Key Regulatory License

Socios.com, a blockchain startup aiming to tokenize the sports industry, has secured a major regulatory license allowing it to issue its own payments and loyalty card. Issued by the Estonian Financial Intelligence Unit, or FIU, the new license has been granted to the new Estonia-based entity called Socios Entertainment OU. Announcing the news on July 30, Socios’ partner project Chiliz.net noted that the FIU is the responsible authority for licensing crypto-related firms in the country. Socios’ prepaid fiat-crypto card is “due in the very near future” The new license allows…

DeFi Token LEND Breaks Parabola Support; More Losses Ahead?

LEND, the native token of non-custodial lending platform Aave, fell almost 40 percent from its year-to-date top of $0.384. The plunge followed a steep 2,000 price rise that occurred amid a hype-oriented boom in the decentralized finance sector. Technical indicators, coupled with a rally in proof-of-work tokens, now suggest that the LEND downtrend may continue. Aave’s LEND token surged by more than 2,000 percent in 2020. But its rally is appearing to come to an end. After topping at near $0.384 earlier in July, the LEND/USD exchange rate corrected lower…

Poloniex Adds DeFi Token Decentr

Crypto exchange Poloniex announced it has added the DeFi token Decentr to its DeFi Innovations Zone.  Decentr, an immutable platform that collects and secures user data, allows people to monetize their internet activity. Its native toke, DEC, is used to buy and sell data and, according to Poloniex, “helps to determine the value of users’ data.” Users can earn or lose personal data value, or PDV, based on the positive or negative interactions within the Decentr platform. Positive PDV increases the spendable value of the DEC tokens. DEC is the…

Blockchain-Based Smart City Project LImestone Plans for Token Listing

Limestone Network, a Singapore-based blockchain project for building smart cities, has announced on July 23 it will list its native token-LIMEX on Bitrue crypto exchange for trading.   According to the report, LIMEX will integrate an entire smart city’s applications such as property management, retail malls, payments, financial services, transportation, parking, F&B and entertainment, to create an intelligent urban ecosystem.  Leverage blockchain for data management and privacy  Limestone Network started with a 100-hectare private development project in Phnom Penh, the capital city of Cambodia. It plans to have 10,000 tenants and…

Title Token for Blockchain Estate Registry, Part 1

Since 2015, the blockchain industry has generated a variety of economic concepts and supported them with relevant technologies: initial coin offerings, initial exchange offerings, security token offerings, data access object, permissioned ledgers, stablecoins, decentralized finance, etc. In a short time frame, some of these went all the way from their heydays to oblivion. Emerging concepts, like DeFi, and corporate stablecoins, e.g., Libra, are at risk of repeating this trajectory. Let’s be honest — the wishful dreams of many enthusiasts about global tokenomics are unlikely to happen in the nearest future.…

Rumor Has It Polkadot is Launching a Second Token Sale

Persistent rumors on Polkadot channels and groups and a series of forms and NDAs to “build with Polkadot” suggest that the project may soon run a new token sale for its token, the DOT. The purported dashboard of the upcoming sale is located at get.polkadot.network. The page appears to return an error as of press time, but screenshots obtained by Cointelegraph suggest that the sale has already begun as community members reported successfully purchasing the token. Prospective “builders” can sign up to build via a “Get Started” page by providing…

Token Sale Boom Suggests Major Bull Run Has Already Started

Recent months have seen a surge of fresh money entering the crypto markets, from oversubscribed token sales to 100%+ price gains for tokens like Cardano (ADA), Chainlink (LINK) and VeChain (VET). But does this herald the beginning of a new bull market, or is it just another bubble waiting to burst? A little bit of both, according to a Twitter thread posted July 24, by Simon Dedic, co-founder of crypto research house, Blockfyre. Big bulls are back The current climate in the crypto landscape is in many ways reminiscent of…

Swipe Visa Card Adds Crypto Travel Booking Site’s AVA Token

At a time of unprecedented upheaval in the global tourism industry, blockchain-based travel booking service Travala and Swipe aim to boost crypto’s useability. Announced on July 24, Travala’s native token AVA will now be added to the Swipe wallet service and Visa card platform — reportedly making it spendable at 60 million merchants. AVA will also be supported by Samsung Pay, Google Pay and Apple Pay through Swipe’s integration with these services. In addition, the AVA token will be available to the 500,000 users of Swipe’s multi-asset digital wallet. The…

CoinMarketCap Says Listing BNB as No.1 DeFi Token Was ‘Human Error’

CoinMarketCap listed its parent company’s token Binance Coin at the top of its new DeFi list — and then quickly withdrew it following a barrage of criticism. First noticed by podcaster and Twitter user Yannick Eckl (@cryptonator1337), BNB was ranked higher than other well known decentralized finance tokens such as Maker (MKR), Compound (COMP), and Aave (LEND).  Apparently @CoinMarketCap has a #DeFi project ranking now. Guess what is on #1? Right, $BNB! What a coincidence. At this point, everybody has to realize how shameless #Binance is acting pic.twitter.com/GMFBcRRLhO — CR1337…

tZERO Platform Sees 1,500% Growth, Lists ASPEN Token

Leading security token exchange tZERO has partnered with Aspen Digital Inc. to enable trade for Aspen’s digital security. The ‘ASPEN’ token, previously dubbed ‘Aspen Coin’, represents $18 million worth of indirect ownership in the St. Regis Aspen Resort — a five-star, 179-room hotel situated in Colorado. ASPEN’s listing on tZERO comes as the popularity of real estate tokens continues to show steady growth. RealT hosts 17 real estate token offerings Aspen Digital’s August 2018 token sale was widely considered to be the first real estate security token offering, with the…