DataBroker DAO: Decentralized IoT Data

DataBroker DAO is an IoT data exchange.

DataBroker DAO is an ambitious project to create a truly decentralized P2P exchange for IoT sensor data powered by the Ethereum blockchain. This P2P exchange will allow data to flow more efficiently, providing innumerable benefits for individuals and businesses.

With the rapid advancement of technology, and in particular devices connected to the internet, an ever-increasing amount of data, much of it useful, is being generated. In 2016, there were nine billion IoT sensors globally, whereas in 2019 this figure will reach about 33 billion. This data, potentially monetizable, is largely siloed and kept from individuals and businesses that could make use of it.

Using the Ethereum blockchain, the DataBroker DAO exchange will execute smart contracts that allow IoT sensor data to be exchanged freely. Smart contracts allow parties to execute agreements without the involvement of a third party, making them cost-effective. In the DataBroker DAO ecosystem, the role of gateways, or telecommunications companies, will be crucial, given that data is transmitted over their networks. The DataBroker DAO platform will allow gateways to monetize their infrastructure by making it compliant with the platform, thus earning a percentage of the transactions they facilitate from users of sensors in their network.

The utility token used for transactions on the platform is DTX, an ERC20 token. Of the transactions on the platform, sensor users receive 80 percent of the transactions, and gateways and the platform will each get 10 percent. By rewarding all users, the ecosystem will flourish with activity as users mutually benefit from it.

The potential uses of this data are socially and economically critical. Data from weather sensors in various parts of the country can be used to obtain more accurate data than that given by the National Weather Service. Smart city initiatives spending enormous sums of money deploying sensors will be able to recover these expenses within a few years by selling their data in the exchange. Self-driving technology companies can use sensors from vehicles to develop the best self-driving software to be offered to car manufacturers. These are just some of the possible uses of the data on the exchange.

The presale for DataBroker DAO is taking place from March 19, 2018 to April 25, 2018. During this time, one ETH will buy 6,000 DTX. From April 26 to May 26, 2018 is the main token sale, during which one ETH will buy 4,000 DTX, though a 10 percent bonus will be given on the first day. The respectable 4.1 rating given to it by ICOBench.com is a strong statement on the credibility of the project and team behind it. So long as DataBroker DAO fulfills its roadmap, it is likely to play a disruptive role in the market for IoT sensor data.

*I am receiving DTX tokens for the growth of the community.

To learn more about the DataBroker DAO:

Website: https://databrokerdao.com/

Whitepaper: https://databrokerdao.com/whitepaper/WHITEPAPER_DataBrokerDAO_en.pdf

Bitcoin ANN: https://bitcointalk.org/index.php?topic=2113309.0

Telegram: https://t.me/databrokerdao

Ubonium: Exchange Traded Crypto Funds

Ubonium offers exchange traded crypto funds.

Ubonium is a fascinating new platform aiming to disrupt the $3 trillion exchange traded fund (ETF) market by launching a platform supporting exchange traded crypto funds (ETCFs). In essense, Ubonium will apply the blockchain to this asset class, and will offer other essential services to meet the financial needs of consumers and businesses.

ETFs are baskets of securities of various classes or categories meant to spread risk. ETFs may track or represent stock indices, commodities such as gold or silver, currencies, bonds, etc. They are typically purchased through a broker who charges a commission. As a basket of securities, ETFs are similar to stocks with their own ticker symbols. Due to their built-in diversification and flexibility, ETFs have grown into a very large market meeting the financial needs of mainstream investors.

With the growth of blockchain technology and cryptocurrencies, new possibilities have emerged for investors. Investors can now invest in a new category referred to as ETCFs, which represent a basket of cryptocurrencies. Similar to the stock market, there are cryptocurrencies emerging in many industries, and ETCFs allow investors to select the niches of cryptocurrencies they prefer.  Ubonium will invite fund management companies to introduce their own ETCFs to reach a broader audience of investors and contribute to its financial ecosystem.

Underpinning the massive growth in cryptocurrency market capitalization the last couple of years is the disruptive nature of the blockchain to many industries, especially finance. On a fundamental level, the blockchain alters the dynamic of investing and increases efficiencies. Because of its trustless nature, the blockchain removes the need for intermediaries such as traditional brokers that have charged high fees. Smart contracts, for example, execute agreements automatically when both parties have fulfilled their obligations. Moreover, transactions on the blockchain are publicly visible and immutable, bringing transparency and security, both of which are essential in finance. As a first-mover in the ETCF market, Ubonium will be able to capitalize on this potentially massive market by reducing fees for users.

Besides the potentially lucrative ETCF market, Ubonium will launch Ubopay, a mobile payment system. This payment system will allow customers to pay for real-world goods and services using their mobile phones. In much of the Third World, while large segments of populations are unbanked or underbanked, mobile phones are ubiquitous. Thus, there is the potential to empower hundreds of millions of people using a service like Ubopay. Besides lower transaction fees than traditional payment processors, Ubopay will allow merchants to receive the cryptocurrency or fiat currency that they prefer with the platform. Along with Ubopay, the Ubobank service will allow users to frictionlessly exchange or trade cryptocurrencies with fiat currencies. Users can also obtain debit cards to withdraw cash from ATMs using the service. Holders of the native token of the platform, Ubocoin, will be entitled to reduced or waived fees on the platform. Ubocoin is an ERC20 token that runs on top of Ethereum.

Notably, Ubonium raised over $11 million from two venture capital firms, and thus halted its ICO due to quickly raising sufficient funds. This project intends to establish itself globally. As a bockchain project flush with cash and bursting with vision and creativity, it is among the most exciting projects out there.

*I am receiving Ubonium tokens for the growth of the community.

To find more information about Ubonium:

Website: https://www.ubonium.com/

Whitepaper: https://drive.google.com/file/d/1K1yStOltj5ts8tcb-48v0Aq212HIz3D0/view

European Crypto Bank: Bringing Cryptocurrency Compliance

The European Crypto Bank provides cryptocurrency services and an exchange.

In order to bring cryptocurrencies into the mainstream, the public must have a way to easily navigate through and abide by the various laws on taxes and money laundering as they pertain to their ownership. The European Crypto Bank is such a platform that will not only encourage compliance with regulations but will also provide numerous financial services to users.

The European Crypto Bank will allow users to securely trade and invest in major cryptocurrencies. The platform for trading cryptocurrencies will focus on being user-friendly and offering traders relevant and timely information about cryptocurrencies. Moreover, the platform will assist users on complying with applicable laws, making it easier for traders to print reports for filing their taxes. The platform will also offer other finance services, such as the offering of bonds, stocks, and real estate.

Among the biggest worries and headaches facing owners of cryptocurrencies is reporting their profits to governments. Unfortunately, most platforms today expect users to keep track of their own profits, and thus offer no assistance to users on this very important matter. Potentially, this unwillingness of major exchanges to confront the tax difficulties facing cryptocurrency traders is keeping many people from wanting to get involved in this booming asset class. By resolving this unmet need among cryptocurrency traders, the European Crypto Bank will stand out among exchanges, and perhaps even trigger a change in the way exchanges deal with their customers.

European Crypto Bank is a user-friendly cryptocurrency exchange.

The European Crypto Bank will take key steps to comply with regulations. Customers who open accounts will have to provide information about themselves, including relevant documents, to comply with KYC (”Know Your Customer”) and AML (”Anti-Money Laundering”) laws. Additionally, the European Crypto Bank will hire a team of tax specialists that can help customers navigate through the complex laws of the various jurisdictions of Europe. The platform will also employ artificial intelligence (AI) to answer common questions users may have about complying with tax laws. To further assist customers and provide a user-friendly environment, the platform will offer assistance in multiple languages to meet the needs of its diverse users.

The European Central Bank is a joint venture between Forgues Gestion SAS France, Forgues Gestion UK Limited, and Woospeak Italia. These companies have extensive experience in finance, wealth management, and language training and translation in Europe. The CEO, Olivier Forgues, is a former UBS banker. Similarly, the Head of Operations, Sandrine Favre, worked at UBS and BNP Paribas. The team thus brings a wealth of experience to bring to the cryptocurrency and blockchain industry.

The ICO is scheduled to take place from February 16, 2018 to May 1, 2018. The funds raised during the ICO will be used to develop and market the platform. The soft cap is 5,000,000 euros and the hard cap is 200,000,000 euros. The native token of the platform, ECB, is ERC20 compliant and runs on top of the Ethereum blockchain. The minimum purchase amount during the ICO is 20 tokens. The maximum number of ECB tokens created will be 677,283,261, and any unsold tokens offered during the ICO will be burned. ECB tokens will entitle their holders to redeem them for services within the plaform.

*I am receiving ECB tokens for the growth of the community.

Bountyhive ID: thepranksta

To find more information about the European Crypto Bank:

Website: https://www.europeancryptobank.io/

Whitepaper: https://europeancryptobank.io/wp-content/uploads/2018/02/WHITE-PAPER-ENGLISH-EUROPEAN-CRYPTO-BANK-ICO-12-02-2018.pdf