In 2017, the blockchain industry has grown further than ever before. By offering secure, public accessibility and tamper-proof features, the technology is slowly coming to the mainstream. It not only has the potential to disrupt just about every industry as well as it makes cryptocurrency an incredibly attractive investment and financing model.
What is MyToken?
There is also an increasing need for the development of the right tools to help investors track and manage their digital asset portfolio.
This is precisely what is trying to offer. An app that can act as the perfect tool to provide a wide range of services such as pricing, providing key information and much more to digital currency traders.
MyToken is a Chinese company that was established in 2017 and is quickly becoming China’s most popular digital currency service. The platform was developed to provide a set of market services to Chinese cryptocurrency investors.
MyToken provides:
Transaction data for almost 300 exchanges with real-time price and trading volume details across 70+ major exchanges.
Real-time pricing data for more than 2,000 cryptocurrencies.
Candlestick, trading volume and in-depth data on all major exchanges.
Details on nearly 1,000 popular cryptocurrencies and their sub-markets, ICO price and projects.
Real-time total asset feedback.
Announcements and updates from major exchanges
Useful industry insights and information
MyToken provides on-time accurate pricing and as the most popular price monitoring app in holds the largest market share in the country. It focuses and aims to restructure its investment ecosystem and establishes itself as the leading brand in the industry.
MyToken’s goal is to introduce an efficient investment environment to bring both developers and investors together and help them better understand and cooperate.
It is designed to help investors deepen the understanding of the industry as well as other parties by providing them with the most objective and neutral data, information and tools. This will enable them to reduce the decision-making costs and effectively integrate ecosystem services.
Instant and accurate price monitoring for multiple exchanges
The company says it is now capable of delivering the instant price for different exchanges so that users can have an easy management their personal investments.
The company was able to rapidly become the most used market and information platform in China and today is proud of having more than 400,000 users, and over 150,000 daily active users, and more than 50 mature communities of core users.
At this point, the platform already supports several operating systems such as iOS, Android, HTML5 and Mac.
MyToken ICO
The company is now looking to expand across borders and build a steady community around the globe with the intention of further enhancing its capabilities to maintain a transparent ecosystem to contribute for the development of the crypto market.
To do that MyToken will be introducing a token system to attract business partners and together develop an accessible and efficient cryptocurrency investment ecosystem.
MyToken is also launching the initial coin offering on the legal compliance basis, meaning that investors will need to provide personal information.
The company already announced the launch of its which is a standard ERC20 Token. According to MyToken’s, “MT’s overall market value is about $47 million. When listed on the exchange, the MT value will be equivalent to 17,000 ETH. The remaining 7,000 ETH will be unlocked on a daily basis over the next 6 months. This plan is designed to stabilize the price of MT in current volatile market conditions.”
Apart from currency looking for effective management of their investment portfolio, MyToken ecosystem brings together digital currency investors and matches the needs of digital currency industry while bridging an efficient communication between users and advertisers.
This way, advertisers can get accurate traffic data while the audience is also able to decide whether to see the ads and have some benefits from it.
Larry Guo, CEO of MyToken :
“For any investor, access to quality information is key to success and that is particularly true in the cryptocurrency industry where investors need to be able to tell the signal from the noise. MyToken was established to provide investors with the most objective data, information and tools so that they can make the most informed investment decisions. By combining this access to data with user-generated content, a vibrant investor community, and a range of useful services we can help investors reduce cost and invest with maximum efficiency.”
MyToken is having a growing number of users every day and quickly become a very important player not just in China but in the rest of the world as well.
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A Hong Kong-based startup company , which centers around developing blockchain technology for shipping, recently announced that it has completed its first trial shipment via a smart contract technology.
How Does TEU Token Work?
The trial uses “TEU” tokens to facilitate shipping transactions and has been referred to as the of the shipping industry.
The principle behind this is straightforward. If, for instance, both the shipping liner and the customer agree to ship a good, they enter into an agreement where they deposit a fixed TEU token amount.
Hence, if the customer does not show up with a cargo for confirmed bookings or a carrier does not load the shipment, then the party that defaults loses its deposit while the other gets all the deposited token to cover any losses.
However, if they both fulfill their part of the agreement, then both parties receive their deposit at the end of the operation.
300cubits co-founder hopes that the introduction of TEU tokens will solve the problem of carrier overbooking and no-shows, which results in unnecessary costs worth up to $23 billion yearly.
These TEU transactions are conducted via the Ethereum blockchain platform and can be viewed by the public in the portal, creating transparency.
The Shipping Industry Embraces TEU Token
Brazilian textile importer also participated in this trial by using TEU tokens to reserve space for two 40-foot shipping containers on a vessel operated by Malaysian liner West Port.
This process was completed with the involvement of both the shipper and liner depositing TEU tokens on March 9, 2018. Subsequently, the deposit was returned to both parties on March 15, 2018, upon the successful completion of the shipment.
CEO of LPR Felipe Bittencourt said in a statement that :
“It was a pleasure to be the first in the world to participate in this trial, for a technology that will change the way ocean shipments are done around the world.”
Twenty and other stakeholders in the shipping industry have already signed up to begin trialing the system, and 300cubits expects the booking deposit system to fully launch by June 15, 2018.
Over 40 percent of TEU tokens will be distributed during the upcoming crowd sales scheduled for August 16, and September 20, 2018. A small percentage of TEUs will initially be given free to a few of its clients and their customers to encourage the adoption of the tokens. On the other hand, six percent will be allocated to its founding members.
In addition, the tokens will be accessible on significant cryptocurrency exchanges enabling investors to buy and sell TEUs globally.
According to 300cubits, it is expected that TEU tokens would become a defacto payment system in the shipping industry thus reducing the need for dollar cash payments. In a statement from the fintech firm, the described their principal mission:
“We believe the TEU tokens are what the industry needs to ensure shipment agreements get honored, use crowd wisdom for more accurate forecasts or hedge against the unpredictable cyclicality.”
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Vertcoin has posted gains, insulated from a wider cryptocurrency market downturn, with bitcoin and other major altcoins down more than three percent on March 22. There are a few technical indications that the next 4-hour/daily sessions are ones to watch for a major trend reversal in vertcoin (VTC).
has tested the 0.000300 barrier against , the highest in 11 days. At the time of writing, the VTC-BTC pair on the Bittrex exchange is up 13.16 percent on March 22.
Price Analysis
4-hour Price Action
The 4-hour chart below shows how the price action has broken out of the Ichimoku cloud to the upside, and on higher volume.
The first bullish indication was given on March 22, 00:00 UTC, as the 4-hour price action closed above the Ichimoku cloud, following a long downtrend from February 27.
Notice, in the move from around 0.000400 to a low of 0.00022117 over February 27 to March 18, the was red and drifting downward. Now, the Ichimoku cloud has turned green in color and starting to fan upward; this gives a good indication that we have a trend reversal and we should look to buy on dips.
VTC-BTC; Bittrex, 4-hour
Vertcoin Looking to Break Long-term Fibonacci Resistance
Several support zones of interest are highlighted below, namely the Ichimoku’s conversion and base line, and the long-term Fibonacci support near 0.0002400:
VTC-BTC; Bittrex, 4-hour
The weekly chart below shows how the market has bounced off the Ichimoku cloud, providing confirmation of support and a greater likelihood of a reversal of the downtrend. We also see that the market has found support near the 50 percent at 0.00024416 and is now looking to break the 61.8 percent Fibonacci level at 0.00029504:
VTC-BTC; Bittrex, Weekly
Notice also that if the market remains above 0.00024648 (open of the large green candle from October 2017), then the long-term outlook will be bullish. A break below the open of a large bullish candlestick like this would change the overall structure of the chart, and point to more gains.
However, since the market has respected the support level mentioned above, we expect vertcoin to trend higher in the coming weeks/months.
Daily Price Action
The daily chart below shows that with a daily close above 0.00029504, VTC-BTC has a strong chance of reaching the 100 percent Fibonacci level at 0.00045977. We see that the market closed above the conversion line (blue) on March 20, giving the first bullish signal; now we anticipate the market to test the resistance provided by the cloud, just below 0.00040000.
VTC-BTC; Bittrex, Daily
The Awesome Oscillator is also pointing to a beginning of bullish momentum taking hold, the indicator recently changed color from red to green and is moving higher.
Renko Chart Shows Reversal is Close
The daily shows that a daily close above 0.00029980 on March 22 will give a strong buy signal; after five consecutive red Renkos, we will see a green one, and therefore, the beginning of an uptrend if the daily close is higher than 0.00029980. The Renkos provide a buy signal when they change color, although we have seen a few fake signals in 2018.
VTC-BTC; Bittrex, Daily
The fundamentals for the altcoin are also promising, with more volume generally translating in higher valuation. The exchange gives users in the UK easier access to VTC, without having to buy first. While the volume is not massive, the exchange process is swift and is sure to bring many newcomers to cryptocurrency from the UK into VTC before other altcoins. is also planning to launch soon in the US, providing another direct on-ramp to VTC, and is currently in beta.
VTC is ranked third in terms of price gains in the past 24 hours, surpassed only by GameCredits (GAME) and EOS (EOS) according to .
Disclosure: The author owns Vertcoin, as well as other cryptoassets.
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