In Decrypt Asia’s first episode, we speak to , COO of about how their team is developing a smart contract Electricity Marketplace 2.0 on the Blockchain.
Based out of Singapore, Electrify recently concluded a very successful ICO raising 30m USD.
Tune in to hear about:
Martin’s journey in the Blockchain space and the Energy industryOverview of the changes happening in the electricity industryHow Electrify plans to use the Blockchain technology and smart contracts to make a more transparent and efficient electricity marketplaceRole of the native token ELECMartin’s learnings from the ICO journeyMartin’s outlook on the Blockchain space
Martin Lim has over 20 years of experience in mass communications, start-ups and business development in the Southeast Asia region. His interests in energy and water led him to co-found a company to develop water treatment systems for disaster relief in the region. Identifying a gap in the market, Martin and his business partner, Julius developed Electrify with the aim of bringing the e-commerce concept to the market for electricity plans.
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You can also follow us , , and to get constant updates. In case you have any queries or suggestions, you can reach out to the host directly at tushar@decrypt.asia
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Good morning! Good afternoon! And Good evening! These salutations are to cater for all the different time zones around the globe. The current Crypto-markets are not the levels we’d like them to be, but it is always good to remember to say hello to someone somewhere. That said, the markets show a weak bitcoin (BTC) at $6,871; a similarly shaky Ethereum (ETH) at $417; Ripple (XRP) is trading at $0.49; and Litecoin (LTC) at $114.
But are these prices really bad? I think not! This levels are pretty high if compared to a similar time last year when the above four were valued as follows: BTC – $1,192 , ETH – $43.64, XRP – $0.034 and LTC $8.92. To note is that one year ago, bitcoin Cash (BCH) had not been forked from the BTC blockchain. But now it is trading at $652. Impressive!
So what is going on? And what lays ahead?
One theory postulates that . This is after Timothy Enneking, current M.D of Crypto Asset Management LP, stated that the ‘winter’ in crypto is largely over. He said the current decline was caused by Asset consolidation, regulatory concerns, massive liquidation by the Mt. Gox trustee and startups’ selling crypto assets to pay salaries and expenses.
Also to add, is the unclear direction being given by the American SEC. He also stated that the current decline might mean that the quality of individual cryptocurrencies is beginning to have a greater influence on their market prices. As a result, the market should rebound soon.
A second theory states that the highly predicted bitcoin Bubble is already popping. This is after a team of Bank of America Merrill Lynch (BAML) researchers, compared bitcoin with famous financial manias of: the Mississippi Company and South Sea Company in the 18th century, gold, the U.S. stock market in 1929 and the Dutch tulip bubble in 1637.
But whatever theories end up being true, bitcoin is still a valued asset around the globe. So much so that and extorting BTC from their victims. Eleven people in total were accused of being part of a bitcoin Extortion Ring, with 10 of them being cops. Imagine that? This must mean BTC is very VALUABLE!
Another study has revealed that there is currently around in Japan with the most popular Cryptos being the top five of bitcoin, Ethereum, bitcoin Cash, Ripple and Litecoin. These traders make up approximately 3% of the Japanese population of 127 Million according to 2016 data.
Theories aside and observing the last two cases of bitcoin motivating kidnappings and 3.5 Million Japanese to trade in them, it is clear that and are headed To The Moon!
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The king is dead, long live the king! Ethereum is the most developed platform by far, significantly surpassing any other project by any metric. The two years old currency has…
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![Daily bitcoin [btc] return to average idea](https://ohiobitcoin.com/storage/2019/01/DDfmL0.png "Daily bitcoin [btc] return to average idea")