Category Archives: Introducing Altcoins

Augmentors Combines AR and Blockchain Into a Powerful Offering

Augmentors VR
Augmentors is what you get when you combine the two hottest trends in technology at the moment – Augmented Reality (AR) gaming and blockchain. And that deadly combination, says your ship captain, isn’t without merit. The natural combination provides features that have never been available to game fans before. Unique characters, ability to trade and make money, and just being part of what seems like the next tech revolution, are not quantifiable in money. But the ICO definitely is.

But before we get into the ICO, some history. Augmentors is essentially a gaming company. You’ll be playing a game with unique creatures and characters, and augmentors is presenting the in-game token of Databits. The technicals behind this token are quite interesting too. The team has chosen to use Counterparty to issue these tokens. This makes Augmentors the first AR gaming company on Bitcoin, the most dominant crypto and blockchain today, by far. Secondly, there is a precedent for gaming and Counterparty in the form of BitCrystals. Although  not the greatest financial hit, Spells of Genesis is a well known game in the Bitcoin community, what with its mysterious Satoshi card! So there is definitely demand for crypto tokens and gaming.

Augmentor Relics

Augmentors is taking this one step further by making the gaming platform even more exciting, by making it AR-enabled. It plans to make this cross-platform too, for both iOS and Android.

Now the concept behind Augmentors is really interesting because the in-game token that is being sold in the ICO, called databits (DBS) has real in-game value. For one, you can provably assign each ‘creature and relic’ in the game to a unique counterparty token id. This means you really do own the creature, and can trade it to someone else. Instantly, there is a liquid trading market to bootstrap both the game and the players. Just so if the excitement wasn’t enough for you, there are Winner-Take-All battles that are sure to get exciting. Finally, there will be a collection of 50 rare creatures that you can buy. All of this in-game economic activity takes place using the in-game ICO token Databits.

Augmentors ICO Schedule

Now that we know about this really interesting Counterparty token, let’s talk about the ICO. The token has a fixed cap of 100 million, with 70 million being given away during the crowdsale ICO and 30 million reserved for the team and promotional activities. That’s a healthy percentage to motivate the team to perform well, while giving investors the majority stake in the economics to keep the system decentralized.

So there you have it. There is still time to get in on this exciting ICO. Check it out here.

Edgeless Casino: Fair, No Edge, Blockchain-Based Casino

Edgeless Casino
Edgeless casino is a new Ethereum project with the aim to create a decentralized, fair casino with no house edge. That’s right, Edgeless is a provably fair casino with 0% edge. So let’s get the first immediate question answered – how does Edgeless make money? Three sources primarily –

  • Gamblers don’t play a perfect game, they make mistakes. If you don’t play a perfect game, statistically you’ll lose.
  • Games have an inherent advantage. For example, the house always has an edge built into the game of Blackjack (around 0.85% if you want the math).
  • There are limits on how much you can bet. These limits make play away from perfect game. For example, for obvious reasons, you cannot apply the martingale strategy.

If you really want to know more, read the whitepaper. Seriously folks, read the damn whitepaper first to learn about any crypto project, especially because of what I am about to tell you now – yes, it is holding an ICO. Now, don’t be stupid and gamble in ICOs without doing your due diligence, so once again, read the whitepaper before you invest a penny. Oh and did you know, like so many other ICOs now, no US citizens allowed. Seriously.

Non-US Investors, Read on

Ok, so if you’re a non-US investor, what’s the ICO investment thesis for Edgeless? Firstly, you need to believe that the world needs another casino. The unique selling point of Edgeless casino is –

  • It’s decentralized.
  • It’s transparent.
  • There is no house edge.

If you believe there will be demand from gamblers for such a type of casino, only then consider the ICO. Ahoy mates, without a belief in the product and underlying idea, stay away!

Now, given the ways in which Edgeless casino will make money, as described above, how is that given to the investors? It’s important to note this point – not dividends. Unlike many other projects (I am looking at you, ICONOMI), Edgeless has actually done its homework on what types of structures constitute a ‘dividend’ and thus makes the offering a ‘security’. And we all know, security=bad, software presale=good. So, edgeless is choosing the good option.

But, here’s the brilliant legal part of this offering – you can still get money out of the project (i.e. not just through price speculation) through what’s called the Edgeless Lounge. In a nutshell, 40% of the profits go into this pool. It’s a lottery-like system only accessible via the token. So there you have it – it’s a way to play/gamble to get your money out. Clever, eh?

ICO Implementation

If you’re brave enough, here’s the actual contract. In code. It’s an ERC20 token on Ethereum.

The ICO starts 28th February 2017, 3:00 pm GMT, with the following tiers:

  • Power-hour for one hour, where 1 ETH buys you 1200 EDG.
  • 1st week: 1 ETH gets you 1100 EDG.
  • 2nd week: 1 ETH earns you 1050 EDG.
  • 3rd week: 1 ETH brings you 1000 EDG.

So there you have the ICO details, and other information that you need to decide whether you want to contribute to the ICO or not. Remember, these are some hot times in the ICO markets, with recent projects like Dfinity and Melon completing their ICOs respectively in a few hours and a few minutes.

Check out Edgeless here.

Disclaimer: US citizens are not legally allowed to participate in Edgeless Project crowdsale.

 

ARK: A New Cryptocurrency With a Mission

ark

In a crowded field of altcoins and ICOs coming up every other day, ARK aims to stand out from the rest through its technology and vision. Yes, it is also going to go through an ICO, but it isn’t one of those copy-paste coins (and if it were, we likely wouldn’t be covering it on our blog anyway). As usual, if you decide to invest in any ICO, do your due diligence and remember not to invest your rent money into any. Also, if you’re interested, here’s the link to its Bitcointalk announcement thread.

Technology

So let’s tackle the technology piece first. ARK is built on the backs of Lisk (and Crypti) and Bitshares. As you might have guessed, it borrows its consensus algorithm from Bitshares, via the delegated proof of stake (DPoS) system.

More interestingly, ARK is building a ‘smartbridge’ technology. It is a custom piece of information embedded in transactions that allow it to transact in a different blockchain. This way, ARK can easily adjust whichever way the wind flows, and borrow from the more successful blockchains even as it grows and expands its services and technology.

The ARK technology gives it a lot of technical flexibility to steer its direction in the future. As the space is really emerging at the moment with no clear winners or a clear sense of which way the ship will turn, ARK provides a framework to capture the best of the cryptocurrency space.

In addition to just cryptocurrency/blockchain technologies, the team has plans to work on implementing smart cards that can allow users to spend their money. We’ll cover more details in the Vision section below.

Vision

In addition to its technology and technological vision, ARK is really positioning itself as a crypto for the long-term. It is trying to build an entire ecosystem that isn’t just geared to do the fancy-word-of-the-day type uses, but plain old cryptocurrency. The currency aspect of cryptocurrency really.

It is also working on technologies for smart cards using NFC that will make it easier to spend ARK at in-person venues and not just online. This should give ARK a good boost in terms of adoption if it is able to convince enough merchants to accept payments and enough users to pay using ARK.

The bridged blockchain technology via smartbridge will also allow the ARK team the flexibility to expand its vision for its customers in the future.

If you believe in its vision and see some utility for it down the road, you can invest in its ICO. Do your research and due diligence as always.

Introducing ReturnBit: Proof of Work with ICO

ReturnbitThere are lots of new ICOs at the moment. This usually happens after a few really successful ICOs and then everyone wants to jump on-board (Lisk and Waves in this case). ReturnBit is a bit different from all other ICOs at the moment, firstly by using proof of work (scrypt algorithm, same as Litecoin). Not many new ICOs are using proof of work, instead opting for proof of stake. Also, the number of coins at ReturnBit will inflate, as opposed to many of the other ICO coins that have a fixed supply (mostly because they don’t need to pay block rewards for proof of work).

Secondly, the coin is creating an “rTrust” which will receive 50 coins per block. This is an opportunistic fund that will selectively return these ReturnBits to holders, but does it differently than proof of stake systems. This way, the money is returned to all holders indirectly (as opposed to direct rewards with proof of stake, which many forego because their coins are sitting on an exchange). So you just send some money to the “rTrust”, wait for about a day, and you get more ReturnBit out of this.

The problem with proof of stake’s ‘dividend’ is not so much that the rich get richer, but that many people hold their coins in an exchange and not in their own wallet, thus becoming ineligible for these ‘dividends’.

It is an interesting experiment. We’ll see how the investor returns now and in the future will be for the investors. Should be an interesting experiment to run though. Quite different from the many other ICOs that are ongoing at the moment.

Here are some details for investors:

Bitcointalk forum thread: https://bitcointalk.org/index.php?topic=1596327.0

ICO Website: http://www.returnbit.com/

 

ICONOMI: How ICOs Should be Done

Iconomi

Hear it here first forks: For the second half of 2016, here’s how ICOs are done: Model ICONOMI. Let’s introduce ICONOMI here first, and hopefully, the first of many more to come.

Firstly, there is no dearth of ICOs at the moment. This seems like the hottest time of the year, right after the big ICOs of Lisk and Waves, each valued at over $15 million at the moment. The historic pattern is when there is  wave of successful ICOs, there are many that want to raise money while the market is hot. We are in exactly that phase right now.

But ICONOMI is different. Firstly, there is a legitimate idea, which seems like a rarity today in the turbulent crypto seas, ahoy! The project is aimed fair and square at investors. Whatever product or service helps you make more money is something to keep an eye out on. Those are big winners in the economy. ICONOMI definitely checks off that box. Basically, the idea is to bring financial services and products on to the blockchain. It is built on Ethereum.

So there’s the idea (yes, it is built on Ethereum which isn’t as hot as it was earlier. Thanks Stephen Tual and the DAO team) that is interesting not just as a stand-alone but as a way to make/earn money. The next step is, who cares? Well, if you run a great ICO campaign, you already have your earliest adopters. That’s a smart move that lots of ICO teams get wrong. If you are good with rewards and running good campaigns, you can generate a ton of more value than just the coins that you give out as bounties. So ICONOMI checks that box off very well too – great bounty programs, and good social campaigns like Twitter and Bitcointalk signatures.

And the market is reacting appropriately. Even though there are like a dozen ICOs ongoing at the moment, investors are taking note. There are the three-day stats: over $300,000 raised in just 3 days. And the ICO is ongoing for another month. Good luck to the team and the investors. Exciting project to check out for sure.

ICONOMI 3 day stats

Here’s the ICO website.

And here’s the ANN thread in Bitcointalk.

Bounty claim code: ICO3T68g7bnfDVOnqbjlk7ZqdXYnP7fPYNHICONOMI

Decentralized Exchange with Tokenized Fiat and Great Scalability = HEAT

Heat Crypto

What does it take for a cryptocurrency to get noticed in 2016? There have been thousands of cryptocurrencies since Bitcoin, so what can you bring new to the table? Well, how about some good ‘ol fashioned tokenized fiat, mixed with a decentralized exchange on the blockchain, garnished with a scalability solution that will allow significant scalability. Well, that’s HEAT in a nutshell.

The ICO is currently ongoing. You can buy some HEAT tokens here before launch. I cannot comment on how successful the project will be, but the Finnish project looks quite promising, and definitely seems to have a better thought-out product than most of the pumps-and-dumps infecting this space.

Oh, and did I mention the 32 page whitepaper is also out (surprisingly, they released the whitepaper while the ICO was ongoing instead of before. That may have made some people gloss over this one). You can read it here.

The Bitcointalk thread is not too exciting in terms of numbers. Much less discussion than Lisk and Waves, but the discussion quality is much higher. No whiny “when is the price going to rise? this is a scam” type of post from ignorant newbies. They didn’t do a signature spamming campaign, which gets an A+ from this Crypto Captain for not spamming Bitcointalk.

All in all, promising ICO for sure. Raised a fair amount of money, but nowhere close to Waves for example. It remains to be seen how successful this will be in the marketplace.

MorCoin Launches as Pure PoS with Interesting Distribution Model

MorCoin

MorCoin just launched today as a pure proof of stake coin (PoS) – see the official MorCoin ANN thread. The distribution model is interesting – everyone can get a free share, but people can purchase additional shares of 5, 15 or 40, by sending Bitcoin to the dev team, which will then use the money to further improve the coin. It’s an interesting distribution model, being a hybrid of free giveaways and IPO type of distribution to raise funds for future development. Since there are always free stakes available, if you don’t want to take your chances, you can just apply for one of these, and no harm done.

On the technical side, MorCoin has a total cap of just 5 million total, which should give each unit of MorCoin a high value. The PoS interest is 15% annual and stakes mature after a coin-age of 4 hours. The number of coins is interesting, as MorCoin is bucking away from the trend of having billions of coins, and instead focusing on the value of each coin by liming the numbers. This might prove to be a good move, since many coins that trade in the range of single-digit Satoshi usually end up dying.

The launch is on June 29, 2014. The IPO closes on June 28, 2014, so if you want to buy your stakes through the IPO as opposed to free distribution (to get more MorCoin), do it now.

With the coin launches cooling off in June compared to May, there aren’t that many new ideas around, and launches try to differentiate themselves from the crowd through other methods such as strong dev team, community, merchant acceptance, etc. MorCoin is one of the few coin launches this month, and it would be interesting to follow its progress.

CreateCoin Just Launched Today

CreateCoin
A new coin, called CreateCoin just launched (see CreateCoin ANN thread) today on June 14th 2014, with no pre-mine and a pre-announcement a couple of days ago to keep the launch fair. However, there’s a 30% dev reward for blocks 1-500 and 2% on regular blocks. This is how bounties, etc. are going to be paid by the dev.

On the technical side, CreateCoin uses the currently popular hybrid model of X13/PoS. On the PoW side of things, there will be a maximum of 15,896,875 coins (43200 blocks) that will be mined. Blocks time is 60 seconds.

On the PoS side of things, there’s an annual interest of 8% which isn’t much (remember a coin like HoboNickel is going very strong with controlled inflation even with a 100% PoS interest) but is better than some coins which are in the range of 1%-2%. Higher PoS interest gives people a reason to hold on to the coin rather than dumping on the exchanges.

There are several pools already for those who are looking to mine this coin. Mind you, this just released, so it might be easy to mine some coins now as not many know about it right now.

Magicoin Brings Back Old-School Cryptocurrency Charm

MagiCoin

There’s a new cryptocurrency in town, and this time, it’s MAGIC! Unlike the current flavor of the month in terms of PoW/PoS and instamining, etc. , MAGI/MAGIC follows in the footsteps of Litecoin, including its mining algorithm. Magicoin uses Scrypt instead of the other proof of work schemes like X11 which are getting more attention in the last month or so than simple Scrypt. In fact, Magicoin is quite similar to Litecoin, even in terms of the block target of 2.5 minutes and a total coin count of 84 million. This will probably make Magicoin easy to keep track of in the future, as its value can easily be compared to Litecoin.

The distribution of Magicoin however is different. There is a 0.95% premine which will be used to develop the coin and the infrastructure around it through bounties. I know pre-mine isn’t the most popular option out there in the community but if the funds are wisely used, the coin can quickly gain popularity and easily reach the crypto-masses.

Also, even though the coin is very new, Magicoin is already listed on SwissCex, one of the better exchanges out there and one that I have used quite a bit in the past for altcoin trading. Even though the volumes aren’t that great, the site and trading experience is excellent at this site.

There are many giveaways and bounties, to help spread the Magic of Magicoin all over, and to help as many people get their hands on some Magic as they possibly can. In fact, there is already a faucet that you can use to get some free Magicoin, to get started with this new crypto. If you want to mine some Magicoin, check out the MagiCoin Mining Calculator.

All in all, MagiCoin seems like an interesting new cryptocurrency that promises to be fun and inclusive. There is already a proposal for a MagiCoin online store. This might mean it could be a coin like NobleCoin which is gaining steady acceptance in the community and has an excellent online store to buy anything at a discount, like Amazon Gift Cards at 15% discounts.

There is lots of interesting information on the main ANN thread for Magicoin, so do be sure to check it out and follow it for regular updates.

Introducing HYPER

Introducing HYPER

What do you get when you combine the three hottest trends of today’s digital world? Well, you get HYPER, which is a culmination of cryptocurrency meets interest generating asset meets Massively Multiplayer Online Gaming. It is a very well designed cryptocurrency that is in the very initial stages of its birth, and it seems like something every crypto-sailor needs in her arsenal to make money in this brutal world of cryptocurrencies.

So what’s special about HYPER? Here are my impressions and thoughts and the reason I am going to invest in HYPER on a steady, ongoing basis –

  • Active Dev: Very important feature of any crypto-project to succeed. The HYPER dev is, well, hyperactive! He’s pushing for good projects in this space and he has a vision related to the use of HYPER in gaming that I am sure he’ll realize soon. The crypto-space is full of talented people, after all. +1 for an active dev.
  • Community: There’s already a dedicated forum with giveaways for everyone. “I don’t like the idea of free money”, said no one, ever. The community is growing fast, and HYPER is already listed on a couple of exchanges – ShareXCoin (another very interesting crypto) and Bittrex (oh boy, that was fast!)
  • PoS: This is the in-thing, but HYPER took the right approach in having a much higher PoS than coins like Blackcoin. Giving a PoS interest of 1% to 2% per year seems completely meaningless when the price can fluctuate by 10 times that value per hour. I like the 5% monthly interest rate. The inflation isn’t going to be 5% – just look at HoboNickel if you want, with a very steady increase in money supply and no runaway inflation even at 100% PoS. Now, it gives incentive for people to hold rather than dump all their HYPER on the exchanges. Isn’t that good for the price? Yes it is.
  • Future Vision: This is nice to have, although not a necessity for an altcoin. HYPER has a vision for being included in online MMO games, and other virtual worlds. If it fails miserably, there’s nothing really to lose – HoboNickel is a successful altcoin for more than a year with no such ‘vision’ to speak of. If it succeeds, then there’s a decent amount to gain, as the price would rise based on the popularity of games using HYPER. Minimal to no downside risk here.

Investor Advice: Make strategic buys. PoS is high, so if you need money, you can always sell the stake generated instead of selling the principal. 5% monthly PoS that matures in 8 hours is pretty legit. If the price pumps up waaay above where it is now, then I’d sell and wait for the dump to buy back my stash.

Disclosure: Long HYPER, and plan on adding more to my position. May sell the stake generated.

Photo Credit: TORLEY