March 6, 2018

ALAX – The Blockchain Platform Designed for Gamers

Bitcoinist.net · March 6, 2018 · 1:00 pm

Hong Kong, 6th April 2018 – ALAX is a Mobile Game Distribution Platform based on blockchain technology with the intention of bringing fresh air to the gaming industry around the world.

DECENT and Dragonfly join forces to bring games to everyone including people that are unbanked (over 2 billion according to Findex) but have access to cash and 3G/LTE smartphones. Their aim is to provide a platform for content creators and gamers alike.

The project will leverage DECENT’s success in launching an innovative and customizable adoption of blockchain technology and Dragonfly’s influence as a well-established mobile game distributor to build the biggest global marketplace for mobile games. A number of intended partnerships are set to be announced in the coming days, which will see the platform preinstalled on millions of smartphones, particularly in the fast-growing South-East Asian and South Asian mobile markets.

Customers will be able to access the ALAX Store using an application built using DECENT’s library that will provide blockchain functionality. While content providers will have access to the ALAX Android SDK allowing them to include a range of features such as in-app purchases, rewards and more. Hence, consistency is secured across all the applications utilizing ALAX.

Token Generation Event to commence on April 17th, 2018

The ALAX Token Generation Event is set to commence within a month and a half. A Token Generation Event (or TGE for short) is an opportunity during which participants and backers can show their interest in the project by taking part in it. During the TGE ALAX will generate ALX tokens. These tokens can be then exchanged for ALA tokens, which can be used in the ALAX store. They will be offered to end users via internal exchange or using an existing reseller network of brick and mortar stores and mobile operators.

Kalvin Feng, Co-founder of ALAX.io, said:

The TGE will allow the general public to obtain the ALX token before its release on any major exchanges and will provide the many supporters of the project with an opportunity to be directly involved. Funding generated will go directly to the development, marketing and ongoing management of the project and the overall platform, with 50% vested for one year after the initial generation.

Token Structure

The total number of tokens is set to 1,000,000,000 ALX (ALX is the token generated during the TGE). The token structure is divided into parts with each part serving a specific purpose. There is no soft cap, which means that the project will go ahead regardless of the amount raised. The hard cap of the TGE is set to 30,000 ETH which corresponds 300,000,000 ALX. During the ALAX TGE, a variety of coins and tokens will be accepted for contributions – BTC, ETH, BCH, LTC, DCT, SPHTX with more set to be announced in the future.

The TGE is set to last for 6 days, commencing on Monday the 17th of April 2018 at 10:30 AM UTC (Coordinated Universal Time) and will end on the 23rd of April 2018 at 10:30 AM UTC. It is made up of 2 rounds, the first round will last until the first 165,000,000 ALX are distributed with a special 10% bonus for the first 150,000,000 ALX. For the second round, there are 135,000,000 ALX dedicated.

Token distribution will be done within 2 weeks after the TGE. Any unclaimed tokens which remain at the end of the TGE will be proportionally distributed to participants in line with their existing ALX stake. No tokens will be burned. Another important thing to note is that 50% of the ALX tokens are not dedicated to the TGE and so, will be locked in for 12 months.

In it’s whitepaper ALAX published the specific ways that the proceedings from the TGE will be used – 15% will be dedicated to the Legal Contingency fund, 10% for Partnerships and Integrations, 35% for marketing, user acquisition and community outreach, which leaves 40% for the development and growing of the ALAX platform.

About ALAX

ALAX is a Mobile Game Distribution Platform, based on blockchain technology, which is set to transform the gaming industry around the world. It is a joint venture from blockchain technology business DECENT and app and game distribution platform Dragonfly and aims to provide a platform for content creators and gamers alike, including ‘unbanked’ consumers worldwide.

Contact
Zuzana Gonova, PR manager – ALAX
Email: [email protected]
Phone: +421 904 888 016

Images courtesy of ALAX

The content of this article was provided by the company referenced. Bitcoinist does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company.

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Published at Tue, 06 Mar 2018 18:00:05 +0000

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April 6, 2017

Humaniq Project collected $1,300,000 in the first hour of ICO

Luxembourg City, Luxembourg – April 6 – Humaniq launched their ICO on the 6th of April at 00:01 CET. After several publications and respected analysts reviewed the fundamentals of the project, Humaniq experienced a groundswell of support and the team was contacted by Brett King and Chris Skinner who expressed their enthusiasm.

[Note: this is a press release.]

Based on the results of the first hour of the ICO, Humaniq has already reached the first goal in the crowdsale dashboard, with the total amount collected exceeding $ 1,300,000. Humaniq can add one more achievement to its honor board, see for yourself:

April 2016 – the inception of the Humaniq idea by Alex Fork

November 2016 – the original project team was formed

December 2016 – the official launch of the project and announcement of pre-ICO

December 2016 – In two weeks Humaniq collected $ 115,000

February 2017 – Alex Fork conducted the first performance tests of the project in unbanked regions of India

March 2017 – Alpha version of the app is available for testing on IOS and Android

April 2017 – Humaniq collects $1.3 million in the first hour of their ICO

More about ICO

● ICO began at 00:00 CET on 6 April, 2017, and for the first 48 hours there will be a bonus of 49.9% for early investors

● From 8-14 April the bonus will be 25%, and finally 12.5% from 15-21 April.

● The ICO ends at 23:59 CET on April 26th.

Join ICO – https://my.humaniq.co

Why Humaniq is a Unique Project?

Humaniq is an iOS and Android-based banking 4.0 app that uses biometric ID to set up new accounts and verify transactions, and will target the two billion people globally who do not have access to formal banking services.

Humaniq solves the issue of people from emerging economies not being connected to the power of the global economy. The app will allow users to sign up without providing formal documentation or needing to visit a bank branch by using cutting-edge biometric technology on a smartphone. Users will be able to earn money by performing services for other users, and then convert this money into cryptocurrencies like bitcoin or ether, or utilize mobile cashiers to exchange Humaniq tokens (HMQ) for local currency. The suite of planned services also includes P2P loans, small business loans, insurance, pension and investment accounts, and document security.

To encourage adoption of the network, users will be educated by regional ambassadors in the value the app can bring to their lives. New users will be able to buy cheap android phones for as little as $10 and then earn the money back within one or two weeks of performing tasks for outsourcing firms through the Humaniq app.

Humaniq Leadership Team

Alex Fork, who is the head of futurefintech.org, and blockchain.community board member.

Dinis Guarda – Vice President and Chief Strategy Officer, Board of Directors, UK at Humaniq

Richard Kastelein, Interim CMO – Director at Blockchain Partners and CryptoAlchemy, Publisher of Blockchain News and founder of ICO event CryptoFinancing Conference.

Alakanani Itireleng, director of the Satoshicentre in Botswana, head of Humaniq’s regional ambassador program, and one of the leading voices for bitcoin in Africa.

About Humaniq

Humaniq’s main goal is to create an Ethereum Blockchain based financial services app that will bring mobile banking to an audience of two billion people who currently don’t have access to non-exploitive financial services. In addition to providing financial services, the app will also act as the infrastructure backbone for 3rd party services to plug into, such as insurance providers, p2p lenders, and data security firms.

The post Humaniq Project collected $1,300,000 in the first hour of ICO appeared first on Bitcoinist.com.

December 19, 2017

Youbit Exchange Files For Bankruptcy As Hackers Wipe 17% Of Assets

South Korean exchange Youbit has announced it is filing for bankruptcy after hackers stole 17% of its net assets.

‘Very Sorry (Again)’

In an announcement on its homepage since reported by various news outlets, the relatively unknown exchange, which is not to be confused with the similarly-named Yobit.net, said it had made “every effort” to stay afloat.

A previous hack in April saw 4000 BTC covertly leave Youbit’s books, an episode from which the exchange never fully recovered.

“I am very sorry to inform you again with the sad news,” the announcement reads.

After the accident in April, we made every effort to strengthen security, recruit personnel, and reduce hot wallet storage… In the meantime, due to the hacking of our company at 4:35 in the morning, funds have been lost from your wallet.

A Wild West Of North-South Korean Hackings

The news comes amid increasing reports of malicious activity involving South Korean bitcoin exchanges perpetrated by North Korean entities.

Claims hackers have stolen millions of dollars in cryptocurrency over an extended period are circulating in the mainstream press, while even the South’s biggest exchange Bithumb has been left shaken by losses this year.

Youbit has said it will go through a formal bankruptcy procedure to minimize customer fallout, but that balances would still auto-adjust to a fraction of their former worth, with the aim to refund once formal proceedings are over.

“Through various measures such as the sale of cyber comprehensive insurance (3 billion [won]) and the operating rights of the company, the loss to members is expected to be lower than 17%… I will make every effort to minimize this,” the announcement continues.

Only a day earlier, Blockchain CEO Peter Smith warned CNBC viewers that the time was ripe for another major hack in the bitcoin space.

“We see attacks and breaches about every six months – major breaches – so we’re probably due for one in the next month or two,” he told the network.

What do you think about Youbit’s filing for bankruptcy? Let us know in the comments below!

Images courtesy of Shutterstock

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October 24, 2018

ICO Trust Returning as Caspian Rakes in Nearly 20 Million Ahead of Deadline

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