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BitMart and Genesis Block Announce Strategic Partnership

Bitmart and genesis block announce strategic partnership

BitMart and Genesis Block Announce Strategic Partnership

Bitmart and genesis block announce strategic partnership

NEW YORK NY, May 11, 2019BitMart, a premier global digital asset trading platform, is pleased to announce a strategic partnership with Genesis Block Group Holdings LLC and its affiliates (“Genesis Block”), a blockchain and digital asset-focused services platform that includes a registered broker-dealer subsidiary, GB Capital Markets, Inc. The partnership is the first long-term strategic collaboration between a global leading digital asset trading platform and a US-based digital assets financial services platform and promises to accelerate the connection of the digital asset and real economies to drive long-term enterprise value creation and growth across U.S. and international markets and financial centers.  

BitMart and Genesis Block share a strong belief in the promise of distributed ledger technology and its applications and will work jointly to develop a number of opportunity sets, including primary and secondary markets for digital securities and cross-border markets for digital assets and related products and services. Distributed ledger technology infrastructure will be used to create entirely new markets in heretofore illiquid assets, including funds, art, and collectibles, real estate, natural resources. World-class primary and secondary market infrastructure for digital securities will provide a number of benefits, including 24/7 markets, lower transactions costs, fractional ownership, automated and quicker settlement

“We are delighted to collaborate with Genesis Block,” said Sheldon Xia, Founder and Chief Executive Officer of BitMart. “The partnership will combine the power of BitMart’s Asian and international presence, technology infrastructure and development teams with Genesis Block’s regulated broker-dealer capabilities and unparalleled knowledge of the regulatory aspects of blockchain-driven financial markets. In short, we believe this partnership will accelerate the evolution of a new paradigm in global capital markets.”

“We believe that the future evolution of financial market structure is inextricably linked with the development of international mechanisms that leverage distributed ledger technology,” said Sam Proctor, Chief Executive Officer of Genesis Block “We are honored to enter into a partnership with a premier global digital asset trading platform and management team that shares this belief.”

About BitMart

BitMart is a premier global digital asset trading platform, with over 700,000 users worldwide. BitMart currently offers 211 trading pairs with some of the lowest trading fees in the market. BitMart has collaborated with Columbia University, New York University and Massachusetts Institute of Technology to promote blockchain education and to facilitate career development. BitMart is also a research partner of Blockchain Lab at The State University of New York at Stony Brook since 2018.

About Genesis Block

Genesis Block is a digital asset and blockchain-focused services platform that provides strategic business and regulatory advisory, financial services, and technology solutions to companies seeking to leverage blockchain technology in their core business. Its mission is to realize the potential of distributed ledger technology and foster its growth and adoption in every aspect of life.

MEDIA CONTACTS:

BitMart

Shirley Qian- [email protected]

Genesis Block

Michelle Hoffmann- [email protected]

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.

Published at Sat, 11 May 2019 17:14:59 +0000

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MobileGo Becomes 2nd Biggest ICO Ever, Netting Over $26 Million

MobileGo has gathered over $26 million dollars making it the second most successful crowd sale in the cryptosphere, and the fourth in the world.

[Note: This is a sponsored article]


MobileGo Raises Over $26 Million & Counting

Initial Coin Offerings (ICOs) are changing the way projects are being crowdfunded, creating a new generation blockchain-based tokens like appcoins and assets. Although ICOs started with Mastercoin’s relatively modest sum of roughly 500,000 USD, they are now taking new proportions.

As time passes by, it seems that investors are becoming less wary when it comes to investing in blockchain-based crowdfunds. Now, it is not uncommon for ICOs to gather millions on their first day (or minutes) and that’s exactly what MobileGo, one of the largest crowdfunding campaigns in history, has done.

Kicking its ICO off with 4 million dollars on the first day, MobileGo has attracted over $26 million (or 6,800 BTC) so far, making it one of the most successful ICOs ever, second only to the DAO, and the fourth most successful crowdfunding project in the whole world. And the ICO isn’t even over yet, with five days left until the end.

Hosted by GameCredits Inc., the MobileGo ICO allows users to exchange several established cryptocurrencies like bitcoin, Ethereum, Waves, GAME, and others in exchange for MobileGo (MGO) tokens, which will bring several benefits to its holders and help shape the environment of the GameCredit’s Moblie Store, a platform for mobile games with over 300 games by 150 different developers.

ICOs: Hype or New Paradigm?

The MobileGo ICO will not only help fund the Gamecredit’s Mobile Store marketing and branding efforts, but it will also gamify the platform through the use of Ethereum-based smart contract, allowing users to compete among themselves in a decentralized manner and to earn rewards and reputation while doing so.

The MobileGo token features some of the latest trends in the blockchain space such as dual-blockchain capabilities and a buyback program that will see the token supply decrease over time. The dual-blockchain functionality allows users to transfer tokens between the Ethereum and Waves blockchains through the use of BlockSwap technology.

However, the main aspect of these tokens are not their technical characteristics per se, but rather the function they serve within the platform. Although the GameCredit’s Mobile Store already features its own cryptocurrency, GAME, Ivica Simatovic, CEO at GameCredits Inc, explained to Bitcoinist why a second token is necessary.

GameCredits CEO Ivica Simatovic

He said:

The MobileGO token will be used to provide many important features to Gamecredits Store based on smart contracts. In this store there will be 2 tokens: 1 for processing (Gamecredits) and another for tournaments, betting, virtual market place (MGO).

Not only that, but MobileGo will also reward customers with discounts, free entrance to VIP tournaments and access to private game beta stages.

“This store will be a unique and special place for gamers where they will receive services they can not find in other places,” adds Simatovic.

Money is Pouring into Crypto

Although ICOs are not new, they are certainly one of the new crazes in the world of investment. Not only has the global cryptocurrency market cap doubled in size in May alone, millions and millions of dollars kept flowing into ICOs like MobileGo, Gnosis, Aragon,etc. with many more in the pipeline.

Although some have concerns regarding Initial Coin Offerings and the lack of regulation or guidelines, ICOs are providing new ways for entrepreneurs to get their projects off the ground, which wouldn’t be nearly as easy through banks and VC firms.

While undoubtedly uncharted territory, ICO are shaping the future of technology allowing developers to experiment with blockchain technology at will and to build decentralized and trustless applications, which were not possible before.  

What’s your take on the current ICOs trend? Share your thoughts below! 


Images courtesy of Gamecredits, Shutterstock

The post MobileGo Becomes 2nd Biggest ICO Ever, Netting Over $26 Million appeared first on Bitcoinist.com.

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