Coinspeaker BitMax.io (BTMX.io) and Focus Labs Joining Forces as B-TechBitMax.io (BTMX.io) is an industry leading digital asset trading platform with a broad range of financial products and services for both retail and institutional clients. The trading platform, architected by a group of Wall Street quant trading veterans, is designed for reliability and speed of trade execution, and ease of connectivity.Since its launch in August of 2018, BitMax.io team has been dedicated to advancing the market standard of product innovation and quality client services with user-centric approach. Moreover, the team has established strategic partnership with many of its listing projects as part of its core mission to drive innovation and enhance collaboration across digital asset ecosystem and blockchain technology.George Cao, CEO of BitMax.io:“The BitMax team has been grateful to the continuous support from Focus Labs from early launch days to ongoing listing advisory. We are excited to take our cooperation a step further and launch what we hope will be the defining accelerator within the digital asset space.”Focus Labs is a New York City based Venture Capital firm founded by leaders in the crypto space, whose focus is not only on blockchain investments but also creating an environment for new teams to build their vision. By providing these teams with the tools, experience and knowledge in the space, they will help make the transition from idea into reality, building our decentralized future.Focus Labs Team:“We have been one of the key supporters of BitMax since its inception and have constantly received the best feedback from projects who work with the BitMax team. They have a strong vision for the future and you won’t find a more professional, dedicated team in the space. We cannot wait to get started.”Together, BitMax.io and Focus Labs will form a new investment arm, B-Tech, focusing on the acceleration and development of blockchain projects. The partnership will bring together two of the most dynamic and experienced teams in the space in an effort to deliver a high standard of excellence to their portfolio projects.Operating with core values of transparency, passion and innovation in mind, B-Tech has already identified quality investments for the first wave of incubator projects, and are planning to announce them in the coming weeks. Stay tuned!BitMax.io (BTMX.io) and Focus Labs Joining Forces as B-Tech
Coinspeaker IBM Files Application for Privacy-Focused Blockchain Web BrowserIBM Corporation, the global technology firm, has made quite a few moves with several blockchain projects and partnerships across different industries and sectors. Now, the tech giant has filed an official patent application with the United States Patent and Trademark Office (USPTO), for a blockchain-based web browser.According to the application filed on the 6th of August, the browser will be based on a peer-to-peer network. The filing suggests that the browser will collect some specific data from browsing sessions and will then move said information through several nodes, for storage on the blockchain.The publication also states the kind of information the new browser is to collect and store. Some of these include site history, geolocation, security patches, cookies, specific tabs, access method (web or mobile) and a few others. This information and many more can be transferred to the blockchain as it is being gathered.The system will also allow a verified user to easily access any and all of the information that has been stored on the blockchain, from any device, anywhere in the world. This will be especially useful in the event that a user’s computer is breached as the said user would not have to worry about any loss.The application also mentions an enhancement on security that sees authorization being ensured via a token system. These tokens would also range in their capacity, to ensure specific usage in different use cases. IBM then further allays any fears of data breaches or privacy in the patent. Regardless of the nature of the web browser – allowing potentially sensitive data to be transmitted – the filing suggests that advanced scan detection will be run perpetually. IBM also suggests that artificial intelligence (AI), may be applied.The text of the patent reads:“The detection or prediction of a privacy or security breach may be based on real-time advanced vulnerability scanning and malicious intent detection algorithms (including learning based methods).”It also adds that all information including limitations of privacy will directly be decided by the user and no other parties. According to it, “…the present invention affords a system for storing browsing information such that privacy is preserved and places privacy in the “hands of a user” rather than a third party.”IBM’S Blockchain EndeavoursIBM is no stranger to the blockchain sector and has repeatedly supported several related projects in the past. Months ago, the Volkswagen Group announced that it would be using a new permissioned platform powered by IBM’s Blockchain, to effectively track and improve on its supply chain.Also, a few days ago, a partnership between IBM and a blockchain company, Chainyard, was announced. This was also to increase supply chain management with the creation of a network called Trust Your Supplier. The network comprises other big firms including Nokia, Lenovo, Anheuser-Busch InBev, Vodafone, GlaxoSmithKline, Cisco and Schneider Electric.IBM Files Application for Privacy-Focused Blockchain Web Browser
Regulated digital currency exchange provider Zipmex expands its footprint across Asia-Pacific region, launching platforms in Indonesia and Australia, with discussions underway for a Thailand-centric exchange.
Zipmex aggregates volume from some of the world’s largest exchanges and OTC desks, aiming to provide significantly higher liquidity and most competitive price for users.
Zipmex advisory board members include former Stock Exchange Thailand chairman Dr Sathit Limpongpan and Professor Dr Chaiya Yimwilai, the Vice Minister to the Deputy Prime Minister of Thailand.
Zipmex has partnered with publicly listed trading and brokerage firm AEC Securities (AECS) in Thailand, to legitimise its offering in the Thai market.
August 12, 2019: Singapore-headquartered digital currency exchange provider Zipmex has expanded its operations in the Asia-Pacific region, launching its platform in Indonesia and Australia, bringing greater trading opportunities to local crypto traders.
Zipmex was co-founded by serial entrepreneur Marcus Lim who previously co-founded online marketplace Oneflare. In 2016 Fairfax Media purchased a 35 percent stake in Oneflare for AU$15 million.
Receiving support from some of Asia’s most prominent finance leaders, Zipmex’s advisory board members include Dr Sathit Limpongpan, the former chairman of Stock Exchange Thailand and Professor Dr Chaiya Yimwilai, the Vice Minister to the Deputy Prime Minister of Thailand.
“Zipmex not only brings a wealth of financial knowledge and expertise to the cryptocurrency market but a proven track record of funds management on both our core team and our advisory board,” said Mr Lim.
Zipmex will launch in Indonesia and Australia this week, with discussions underway for a Thailand-centric exchange.
The company has already partnered with publicly listed trading and brokerage firm AEC Securities (AECS) in Thailand, to legitimise its offering in the Thai market. AECS is regulated and complies with the laws of the Thailand Securities Exchange Commission.
In Indonesia, Zipmex has partnered with fintech leader Alto, an interbank network, which holds several payment licenses and has a money transfers business.
Zipmex has also registered with Australia’s top financial intelligence agency AUSTRAC, and will be the first cryptocurrency exchange to offer insurance on the custody of digital assets in Australia.
“Zipmex’s partnerships aligns with our aim to bridge the gap between the worlds of traditional finance and cryptocurrency, to be the Asia Pacific’s most trusted and legitimate digital assets exchange,” said Mr Lim.
Zipmex aggregates volume from some of the world’s largest exchanges and OTC desks, aiming to provide significantly higher liquidity and most competitive prices for users.
Zipmex also plans to be the first Asia Pacific cryptocurrency exchange to launch and support the world’s first fully audited, vaulted and insured gold-backed token, xbullion.
“For most exchanges operating locally, investment opportunities are limited to a small number of token offerings, which significantly hinders liquidity,” said Mr Lim.
“Most local exchanges are only providing the facility of buying and selling; Zipmex will enable margin trading, trade and deposit mining as well as synthetic US equities, which can all amplify your returns as an investor.”
Mr Lim said Zipmex had developed a multi-approval security process on its platform to adhere to the highest security standards.
“Zipmex will also offer 100 percent insurance on digital assets,” said Mr Lim.
Zipmex is a regulated digital currency exchange provider which is seeking to become a market leader in the Asia Pacific region by offering fast trades, high liquidity and a broad choice of cryptocurrencies.
Zipmex is a digital currency exchange provider in the Asia Pacific region, offering faster trades, higher liquidity and a greater choice of assets. Zipmex offers 24/7 support, a suite of advanced trading features and charting tools and a platform that provides users with access to a liquid market for a wide selection of cryptocurrencies.
AECS Securities is a publicly-traded company, which is regulated and complies with the laws of the Thailand Securities Exchange Commission. AECS has more than 5000 clients that trade actively on their brokerage platform. AECS provides corporate advisory services, including transaction and investment services for institutional clients.
Alto is an Indonesian interbank network. Founded in 1993, Alto is one of three ATM switches in Indonesia and holds several payment licenses, including E Money, Transfer Dana and Payment Gateway. Alto is backed by Indonesia’s largest private bank lender, Bank Central Asia (BCA),
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Osaka, JAPAN – August 2019: Power Ledger in partnership with Japanese utility, KEPCO, trialed a blockchain-enabled demonstration of P2P transaction for post-FIT surplus power in Osaka, proving the accuracy and consumer acceptance of Power Ledger’s leading-edge technology in Japan in addition to Australia.
The trial proved P2P surplus power transaction to be completed autonomously and automatically including settlements with cryptocurrency regardless of fluctuations of PV generation and customer demands. It can be deployed not only in detached houses but condominiums and microgrids.
KEPCO representative general manager Fumiaki Ishida said, “Although there are still many challenges like amendments of relevant laws for commercialization, Power Ledger’s product presents significant opportunities for prosumers to sell their excessive energy at more advantageous prices and for consumers to buy it at more affordable prices.”
Power Ledger managing director David Martin said the successful outcome was built on Power Ledger’s previous work in Australia, Thailand and the United States.
“The success of the KEPCO trial is an extension of successful projects Power Ledger has deployed in other markets leveraging the ongoing development of our technology as well as the experience of working with major energy players like KEPCO,” Mr Martin said.
“Power Ledger looks forward to building on this success and continuing to work to support KEPCO’s innovative plans to maintain its leadership position in the energy transition,” he said.
Power Ledger will continue the development of digital energy products designed to engage consumers to increase the penetration of distributed renewable generation capacity in Japan, while providing consumers greater choice over how their energy is produced and from where their energy is sourced.
About Power Ledger:
Power Ledger is an Australian energy technology company at the leading edge of the development and integration of distributed energy markets. Power Ledger uses blockchain technology to enable energy trading, renewable asset financing and more efficient carbon and renewable energy credit markets. Power Ledger was formed in May 2016 and is currently active in Australia, Thailand, the United States and India.
Founded in 1951, Kansai Electric Power Co. is a leading Japanese utility engaging in the provision of power supply, business and lifestyle solutions in its operational area of Kansai, Japan including the Kobe-Osaka-Kyoto megalopolis.
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Coinspeaker South Korean Kakao Launching Its Own Crypto WalletSouth Korean messaging giant Kakao has recently announced they are launching their own cryptocurrency wallet “Klip” later this year.As it is officially confirmed Klip has released a “teasing site” towards its release in the second half of the year.According to the report, the wallet is developed by Kakao’s blockchain arm Ground X and is going to stand behind the company’s native token KLAY as well as other cryptocurrencies based on its native blockchain called Klaytn.With more than 50 million global KakaoTalk users, Ground X CEO Han Jae-Sun noted that the decision to integrate the wallet into the popular messaging app was a matter of optimizing cryptocurrency approachability.The wallet, which is equipped with blockchain technology, will allegedly support a lot of services such are finance, games, and overall content.The wallet function will be also added to KakaoTalk, in order to enable its users to easily manage their digital assets through the mobile app with no need to install a separate app. It is expected that Klip will allow sending and receiving digital assets in real-time.Klaytn has been launched using Kakao’s mainnet back in June this year and it was then said it had a combined market value of $64.8 billion. By October of this year, Kakao plans to have as many as 34 decentralized apps (DApps) supported on the platform.For now, there are nine DApps available on the platform, including a program that rewards meals for reviewing restaurants and another one that encourages its users to upload entertaining videos.The launch of Klaytn was pretty much important because of Kakao’s dominance in South Korea, where it has a 96% market share. As well as providing messaging platforms and gaming, the messaging giant offers content and financial services.In March this year, Kakao specified it would repeat its initial coin offering (ICO) for Klaytn after netting $90 million from investors such are IDG Capital, Cresendo Equity Partners, and Translink Capital.CEO of Ground X, Han Jae-sun then stated that everyone seems to be focusing on developing the power to increase accessibility so that they can easily use the blockchain.“We are making efforts to improve efficiency and worrying about cryptocurrency distribution.”From the company then said:“Following the integration of Blockchain Keystore on Samsung, the integration of a crypto wallet by Kakao, which is used by the majority of messaging app users in the nation, is expected to expand blockchain services and usage.”In December 2018, Kakao had first announced that it was planning to raise around $300 million through Ground X to develop its own token.Ground X, which operates the ICO, is notably headquartered in Japan, because of South Korea’s heavy anti-ICO policy.In the other news, in spite of the criticism on the undisguised commercialization of its platform, Kakao Corp, proves it can still be well valued.Last week the company presented its results from the second quarter. As per the report, their revenue grew 24.5 percent in the second quarter from a year ago to 733 billion won ($605 million). The operating profit is now at 40.6 billion won during the same period, that presents a rise from 26 billion won from a year ago. The net profit was up 37.8 percent on-year to 31 billion won.The better than expected results, which surpassed a consensus of 34 billion won in operating income estimated by local analysts, were backed by firm growth of both platform and content businesses.South Korean Kakao Launching Its Own Crypto Wallet
Coinspeaker Coinbase Is Delisting the ZCash Cryptocurrency for U.K. CustomersIn an unplanned and sudden announcement, crypto exchange Coinbase said that it is delisting the privacy-based cryptocurrency ZCash from its platform for all the U.K customers. In an email sent to the users last Friday, Coinbase said that users wouldn’t be able to hold any ZCash balance from August 26 [email protected] @ElectricCoinCo @coinbase what's going on with Zcash in the UK? pic.twitter.com/6GWS9CuIoH— Alex (@deskofwilkes) August 8, 2019The decision from Coinbase arrived soon after the British tax authority HM Revenue & Customs requested the exchange to provide the user transaction data. Citing an industry insider, CoinDesk reported:“HMRC is looking to work with exchanges when it comes to finding information on people who have been buying and selling crypto. I think they will only go back a couple of years, two or three years”.Upon reaching out to the HMRC, the agency said that it has confirmed that such decisions are authorized within its purview and ambit. The agency said:“These exchanges can retain information on their clients and the transactions that they have completed. These transactions may result in potential tax charges and HMRC has the power to issue notices requiring exchanges to provide this information.”Coinbase has asked its users to either convert their existing ZEC balances to other cryptocurrencies or withdraw them, before the given deadline. After August 26, Coinbase will automatically convert the ZEC balances into GBP.However, ZCash’s parent company Electric Coin Company has issued a statement that except for Coinbase, no other exchanges have been affected. As a result, U.K. residents can still trade the privacy-centric cryptocurrency through the crypto exchange CEX.IO. Furthermore, it added that ZCash is completely compatible with the U.K. regulations.Those affected by @coinbase UK issues: this is limited to Coinbase UK only. UK residents can still buy/sell Zcash through @cex_io. No other exchanges in the UK affected. To pre-empt speculation, we confirm that Zcash is 100% compatible with UK regulations & KYC/AML requirements.— Electric Coin Company (@ElectricCoinCo) August 9, 2019The Electric Coin Company said that they are not sure of the reason behind Coinbase’ delisting of ZCash. However, in the past, Coinbase has hinted several times that there might be other regulatory hurdles behind Coinbase’s decision to delist the privacy-centric cryptocurrency.When Coinbase first decided to list ZCash in December 2018, it didn’t add the support for New York and New York jurisdictions owing to the regions’ strict regulatory framework.Besides, the government agencies have been having a strict vigilance on privacy-centric cryptocurrencies due to their non-transparent nature of trading. Several regulators believe that such cryptocurrencies have been the root cause of laundering money across the globe.However, some privacy-based cryptocurrencies like ZCash already have the provision to use either of the shielded or the transparent addresses. Thus, the cryptocurrency can work across all jurisdictions.Coinbase Is Delisting the ZCash Cryptocurrency for U.K. Customers
Coinspeaker New Zealand Gives Greenlight for Cryptocurrency Income and Salary PaymentsRegulation for the cryptocurrency sector has been an uphill battle in many jurisdictions as it seems there are still a lot of dissenting opinions about how exactly it should be handled or permitted. However, in a few countries as well, efforts to officially recognize crypto as legal are beginning to pay off.Now, according to information published by New Zealand’s tax regulators, cryptocurrency will be legalized and employees could begin to receive salaries in digital currency. The ruling is expected to begin officially, from the 1st of September.New Zealand’s Inland Revenue Department recently released a tax information bulletin on Wednesday the 7th of August. It clearly states specifics about the new ruling under 91D of its Tax Administration Act 1994, which allows employers of labor disburse remunerations in crypto, with tax provisions as well.Certain Conditions to Be FulfilledThe ruling gives a few conditions for this to be met. For example, for crypto assets payment to be subject to income tax requirements, it must be payments that form the workers’ normal salary and there should be a fixed amount. This means that other types of payments like shares or equities, do not fall under this ruling and may not be paid in crypto.Furthermore, the ruling only applies to salary earners, also including any payments for periodic services rendered, commissions and additional benefits. This means that self-employed individuals will not be a part of the new ruling.There is also no provision for any cryptocurrencies that cannot directly be converted to fiat currency on an exchange. The publication states that:“In the current environment where crypto-assets are not readily accepted as payments for goods and services, the Commissioner’s view is that crypto-assets that cannot be converted directly into fiat currency on an exchange are not sufficiently “money-like” to be considered salary or wages.”The ruling also does not allow the use of any crypto assets that have been subject to a lock-up period. The crypto assets to be used must also “function like a currency”. Most specific of all the conditions is probably the part of the ruling that requires that “the value of the crypto-asset is pegged to one or more fiat currencies.” This suggests that only stablecoins will be usable as payment for salaries, significantly reducing the number of virtual assets that will not raise any violation issues.In addition, workers in many countries are automatically taxed straight from their salaries. In New Zealand, this system is called Pay As You Earn (PAYE) and it will also apply to cryptocurrency salary payments.New Zealand joins a list of countries that are making considerable effort to ensure regulation and taxation of their respective cryptocurrency sectors. In the United Kingdom, for example, the tax authority – Her Majesty’s Revenue & Customs (HMRC) – has begun requesting specific data about customers from crypto exchanges, in a bid to weed out tax evaders.New Zealand Gives Greenlight for Cryptocurrency Income and Salary Payments
Coinspeaker Abu Dhabi’s Mubadala Supports Cryptocurrencies via MidChainsOne of the world’s 20 biggest sovereign wealth fund, Abu Dhabi-based Mubadala Investment Capital, announced they had invested in crypto exchange MidChains.A digital currency trading platform will allegedly start with its work by the end of 2019 in Abu Dhabi, and it will be located in the international financial center and free zone Abu Dhabi Global Market (ADGM).Basil Al Askari, co-founder of MidChains, explained:“We’re an exchange. You can think of it similar to a stock exchange, but where you’re trading equities, for us, it would be crypto. We also perform custody activities, which means we also can store, settle, and clear crypto transactions on behalf of our clients.”Foreign stakeholders had allegedly also expressed their interest in using the trading platform of MidChains and Al Askari noted that he considers Bitcoin (BTC) to be a new investment class but not just an asset that will replace currently existing fiat currencies.It is presumed that the deal between MidChains and Mubadala was planned for about a year now, and while they did not say what’s the exact value they confirmed it is known that the investment was a seven-figure number in US dollars.Another MidChains’ co-founder Mohammad Al Hashemi said that Mubadala has always been a pioneer in the technology space and wants to become a pioneer in investing in new technologies as well.Authorities in the UAE haven’t imposed any regulation for cryptocurrencies yet. And being an offshore jurisdiction, ADGM started working on their crypto asset regulatory framework last year.However, Askari said that he is aware that, in UAE, people are comfortable with existing investment asset classes because adequate oversight is there. And it is expected that the same attitude will be observed in the crypto space as well.He also believes that the interest of big corporations is a good sign. In this case, he referred to JP Morgan creating its own cryptocurrency as well as Goldman Sachs and Fidelity Investments recruiting crypto teams.With, now secure, investment from Mubadala, MidChains said they will be looking for additional capital later in the year. Moreover, it is known that they have already established contacts with some investors.The announcement of an investment from Mubadala into start-up Midchains was made just a couple of days after they published their financial results for 2018 which was not the easiest one for them.They confirmed interest in investing in different industries. And one of them is technology where disruption “is creating the potential for value across all sectors, which is an opportunity for us to deepen our position as a major global investor.”Let’s also not forget that a few months ago, UAE-based crypto asset exchange and custodian Arabian Bourse (ABX) – a joint venture from GMEX Group and Arshad Khan – got their initial regulatory approval from the ADGM. ABX is established in order to benefit from the city’s proactive crypto asset regulatory framework.Another UAE-based crypto exchange BitOasis has managed to secure its preliminary approval with financial regulators earlier this year. The exchange still has to meet special technical and operational requirements. And it is expected that it can be done by the end of this year as well.Abu Dhabi’s Mubadala Supports Cryptocurrencies via MidChains
Stellar lumen price corrected higher after trading to a new monthly low at $0.0716 against the US Dollar.
XLM price is currently trading below the key $0.0800 and $0.0815 resistance levels.
There is a major bearish trend line forming with resistance near $0.0790 on the 4-hours chart (data feed via Kraken).
The pair could resume its decline unless there is an upside break above the $0.0800 and $0.0820 levels.
Stellar lumen price is trading in a bearish zone below $0.0820 against the US Dollar. XLM price might resume its decline towards the $0.0700 support area.
Stellar Lumen Price Analysis (XLM to USD)
This past week, stellar lumen price declined heavily below the $0.0815 support area against the US Dollar. The XLM/USD pair traded below the $0.0800 support and the 55 simple moving average (4-hours). Moreover, there was a break below the $0.0750 support and the price traded to a new monthly low at $0.0716. Recently, it started an upside correction above the $0.0750 resistance.
There was a break above the $0.0780 resistance plus the 50% Fibonacci retracement level of the downward move from the $0.0844 high to $0.0716 low. However, the upward move was capped by the key $0.0800 resistance area. More importantly, there is a major bearish trend line forming with resistance near $0.0790 on the 4-hours chart. The price also failed to settle above the $0.0795 level and the 55 simple moving average (4-hours).
Additionally, the price topped near the 61.8% Fibonacci retracement level of the downward move from the $0.0844 high to $0.0716 low. At the moment, the price is declining and is trading below the $0.0780 level. If it continues to decline, the $0.0750 level might provide support. However, if the price fails to stay above $0.0750, the bears could eye the $0.0720 and $0.0700 support levels.
Conversely, the price must break the trend line, the 55 SMA, and the $0.0800 resistance to start a decent upward move. More importantly, the price must surpass the $0.0815 and $0.0820 resistances (the previous supports) to move into a bullish zone.
The chart indicates that XLM price is clearly trading below a few important resistances near $0.0800 and $0.0815. Therefore, the price is likely to resume its decline unless there is an upside break above the $0.0800 and $0.0820 levels. The main support on the downside is near $0.0750, below which the price could test the $0.0700 level.
4 hours MACD – The MACD for XLM/USD is gaining strength in the bearish zone.
4 hours RSI – The RSI for XLM/USD is currently near the 50 level, with a bearish angle.
Key Support Levels – $0.0750 and $0.0700.
Key Resistance Levels – $0.0800, $0.0815 and $0.0820.
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Coinspeaker Platinum Q DAO Engineering Reports: Trade Q DAO, USDQ & KRWQ on IDEX Now!Fully decentralized stablecoins USDQ and KRWQ as well as the governance token Q DAO have been listed on a cryptocurrency exchange called IDEX, co-founder of the world’s leading developer and listing provider Platinum Q DAO Engineering Anton Dziatkovskii announces. As of July 25, 2019 users are able to trade their Q DAO, USDQ, and KRWQ on a top volume decentralized exchange.Traders will be able to find the QDAO/ETH, USDQ/ETH, and KRWQ/ETH pairs available on the IDEX exchange. The platform is a part of the Aurora decentralized banking and finance ecosystem and is one of the top exchanges in volume, liquidity, and security. IDEX uses the Ethereum network and allows trading of ERC-20 tokens.Platinum Q DAO Engineering Co-Founder, Anton Dziatkovskii:“It’s absolutely necessary that our stablecoins can be traded on as many platforms as possible. We want USDQ and KRWQ to first serve as a gateway to a new and truly decentralized ecosystem that solves volatility. We are glad that IDEX has not only chosen to list our stablecoins but also our governance token, the Q DAO token. This is another great milestone that we have planned and achieved thanks to the help of our community and team.”An Ethereum Based Decentralized Smart Contract ExchangeThe IDEX platform handles real-time trading and high transaction throughput that makes it a top choice for cryptocurrency listings. IDEX is also one of the most advanced applications based on decentralized exchange principles (DEX). The trading platform supports limit and market orders, gas-free cancels, and an option to fill many trades at once.Traders that have used EtherDelta, another decentralized exchange based on ETH, will find that IDEX also uses smart contracts to guarantee secure private key management and to enable trades in a peer-to-peer (P2P) environment. Additionally, the IDEX exchange is compatible with MetaMask and Ledger Nano S wallets for users that want enhanced security.The Q DAO Smart Contract Manages the New-generation Stablecoins USDQ and KRWQThe team at Platinum Q DAO Engineering has created a better solution for stablecoins, especially for users that believe in cryptocurrency as a better way to transact value online. These new-generation stablecoins base their issuance on the principle of over-collateralization, making it possible for each USDQ or KRWQ to be insured as of the moment they are generated. The insurance policy behind each token is a Bitcoin (BTC) deposit held inside the ecosystem which, in turn, manages it as a guarantee of its value.Another important part of the Q DAO ecosystem is its Q DAO governance token. The Platinum company believes in handing down the power of the ecosystem to its users in a truly decentralized fashion.In order to achieve this, Q DAO tokens are used to adjust the deposit collateralization levels, pay back the fees accrued by the BTC deposits that generate these stablecoins. This governance token also allows holders to participate in the voting concerning hedging the risks within the system and adjusting it to the reality of the BTC market at any given time.USDQ, KRWQ, and Q DAO Continue to Rack Up ListingsAs of now, users can obtain Q DAO tokens on BTCNEXT, Hotbit, and BTC-Alpha. USDQ and KRWQ stablecoins are also listed on some of the most popular cryptocurrency exchanges such as BTCNEXT, Hotbit, and BTC-Alpha.Q DAO tokens can also be obtained by means of participating in a round of the IEOs that are held by the Platinum team until the final round on March 2020. Potential buyers will also have access to an OTC desk where 35,000 tokens per month will be offered at different locking times.USDQ and Q DAO High Demand PrognosisRecent analysis suggests that one of the leading use cases for stablecoins is with remittances, where the enormous global market for remittances is expected to grow at a CAGR of 25.1 percent from 2019 to 2024. Decentralized and open lending protocols like Q DAO are in huge demand against standard fiat-based stablecoins.The different versions of stablecoins range from fiat-collateralized to crypto-collateralized, with the former the most prevalent but the latter also gaining traction with stablecoins like Q DAO stablecoins family. As the crypto ecosystem trends towards more open and decentralized financial tools, stablecoins are poised to play an integral role in the market.That leads to increasing demand not only for stablecoins itself but governing token Q DAO as well. The price of such token grows exponentially and showing the %500 growth (or higher) in such projects as Maker DAI and Q DAO. The main reasons for such Q DAO boost are:International partnerships with crypto experts and exchanges all over the worldBig demand from the whales and big investorsLimited supply in the marketParticipating in the management of the Q DAO ecosystem. So users are becoming an actual shareholder and can decide where new truly transparent and decentralized state goes.Wide spreading and utility usage of all elements in the ecosystem with no limitations, which attracts users all over the globeAbout Anton DziatkovskiiAnton Dzyatkovskii is the blockchain architect lead of Platinum Q DAO Engineering, a passionate entrepreneur and a skilled negotiator. He is a hardworking business leader with more than 13 years of experience in different positions in FinTech, Retail, and E-Commerce. Experienced in expanding financial businesses to totally new markets. Moreover, Anton is also a co-founder of Platinum Q DAO Engineering, where he has helped to develop USDQ, JPYQ, and KRWQ, the fully decentralized stable coins that simplify Bitcoin collateralization.About Platinum Q DAO EngineeringPlatinum Q DAO Engineering is an international consulting, promotion, and fundraising company building a future where all assets – from money to commodities to securities—will be digitized and can move instantaneously 24/7. The company’s mission is to make people’s lives better and facilitate economic growth by developing cutting-edge products that provide trustworthy, safe, and seamless access to any virtual assets.Visit the website for the latest updates on USDQ, KRWQ, and JPYQ. Join the official English, Japanese or Korean Telegram chat and get regular updates on events and development. You can also join the official Line or official Kakao Talk to ask questions in Japanese and Korean directly to the Platinum Q DAO management team.Platinum Q DAO Engineering Reports: Trade Q DAO, USDQ & KRWQ on IDEX Now!