February 12, 2019

Binance CEO Announces Testnet Launch for “Binance Chain” DEX

Binance’s CEO, Changpeng Zhao (CZ), has hinted that their decentralized exchange project, dubbed “Binance Chain,” is nearing completion and could be launched as early as February 20, 2019. CZ revealed a few weeks ago that the project would charge at least $100,000 to list coins to eliminate low-quality projects.

Save the Date

As per CZ’s announcement on his official twitter handle, Binance‘s Decentralized Exchange (DEX) is scheduled to be released for public testing on February 20, 2019. Zhao welcomed anyone who would like to provide feedback saying they would embrace any insight on users’ thoughts to aid further improvement of the project. Zhao Tweeted:

“Finally got a date, Targeting to release Binance Chain testnet (@binance_dex) for public testing on Feb 20th. This is a testnet; your feedback would be most valuable.”

When he recently hosted an “ask me anything” (AMA) session, CZ exposed fresh details that the DEX project was still under development by the world’s leading cryptocurrency exchange. The CEO explained that they would limit the number of network consensus validators at the beginning, placing the figure at eleven validator nodes. However, as soon as the Binance Chain is up and running, they will be in search of interested parties who can run fast validators.

Liquidity, High-Quality Performance, and User-Friendliness

CZ said during the AMA session Binance Chain wasn’t a smart contract, but an interface that has been designed as a public blockchain whose primary focus will be to allow trading and the transfer of blockchain assets. The project is expected to ensure liquidity, high-quality performance, and user-friendliness. The Binance Coin (BNB) will be used as the network’s native token. That means that token swaps should be expected soon after the company launches the MainNet. Explaining further Zhao added:

“Binance Chain is a very simple chain in terms of application, but it can handle huge loads. It is our opinion that the load is more important than the features.”

Centralized and Decentralized Exchanges Will Co-Exist

Should the testnet work as expected, Binance will introduce the mainnet shortly after, which means that BNB could eventually migrate from the ERC-20 token model a few months after that. Once the project is off the ground, Binance will focus on the DEX, something they have always wanted to do since early 2018. Those who use DEXs know that user-friendliness is a significant issue and Binance Chain is expected to address that.

The testnet launch on February 20 will thus usher in an era where Binance’s centralized and decentralized exchanges will coexist. According to Zhao:

“Centralized and Decentralized exchanges will co-exist in the near future, complementing each other, while also having interdependence. We stand here today because we believe that Blockchain technology will change the world.”

CZ said during the AMA that Binance chain would initially charge $100,000 to list new coins. The decision to charge high fees is a deliberate move by Binance to try and eliminate scam projects. However, he added that the enormous cost would be reviewed over time.

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Published at Tue, 12 Feb 2019 15:56:41 +0000

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November 2, 2017

The Confideal ICO Has Started – Time to Contribute to Success!

Confideal, a smart contract platform on Ethereum blockchain (confideal.io), are excited to announce that their long-awaited ICO has started today – November 2 at 12:00 noon Central European Time (CET).

[Note: This is a press release.]

The campaign is expected to raise 70,000 ETH, which equals 21.5 million U.S. dollars as of this day. Confideal’s ICO features a generous incentive program that enables early investors to receive a 25% bonus in CDL tokens. The token generation event will last for 20 days.

Achievements of Confideal

Confideal has been working tirelessly to develop an easy to use platform that will deliver maximum value to its users. To that end, they have entered into several strategic cooperative agreements designed to deliver increased security and data integrity, more flexible payment capabilities, and expanded features and functionality. To achieve that Confideal has partnered and cooperated with 13 companies. Moreover, Confideal works with 12 external advisors on their board. Thus, it all results in a very productive workflow and development.

Confideal has more than 80,000 subscribers in total on all of their social media profiles as well as 5000 subscribers-contributors on their website.

Confideal has had a huge amount of positive feedback on media related to investments, crypto, and technology. You can find the list on the website.

About Confideal

Confideal enables businesses and individuals to create Ethereum smart contracts through a user-friendly interface that requires no programming skills. A fully functional version of the platform is already available and currently supports two-party interaction, like conventional agreements. The team is already working on more complex scenarios that will include multi-party transactions and contracts that are triggered by data from third-party services (for example, freight companies) and various devices (Internet of Things integration). One of the features that are listed on the project’s roadmap, the arbitration module, is expected to be rolled out early 2018.

The platform is targeting multiple sales channels and the business model includes C2C and B2C interactions (transactions between individuals and between a business and a customer), as well as B2B and B2B2C (contracts that involve multiple business participants and customized complex use cases for large eCommerce companies that sell goods and services to consumers). The monetization model is currently based on a flat 1% fee (waived for CDL token holders who pay in tokens), but the pricing principles may be adjusted in the future.

In multiple independent ICO reviews, Confideal’s campaign has been highly rated, evaluated as “stable” and recommended to long-term investors (ICOrating.com, ICObench.com, ICObazaar.com).

For more information about Confideal, please visit the website or chat with the team in Telegram.

Super Secure and Safe to Invest ICO

In an effort to reduce fraud and encourage responsibility and accountability in the token market, smart contract management platform Confideal has announced the start of their transparency initiative. A hash (which is sometimes called “digital fingerprint”) of the project’s whitepaper PDF file will be saved inside the ICO smart contract as a read-only variable and will be available on Etherscan.

During the ICO and continuing after its conclusion, the PDF file itself will be available for download at Confideal’s website, which will enable any user to calculate the hash of the file long after ICO and compare it against the hash inside the ICO smart contract. If so much as one byte is changed, the hashes will not match. Along with ensuring the integrity of the ICO’s main document, Confideal will be maintaining a special webpage where reports on the project’s ongoing progress will be published.

Time to invest in success!

Images courtesy of Confideal

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