Long Blockchain has been delisted from the Nasdaq and the “just add blockchain”-effect appears to be softening — but the red hot ICO market rages on.
As , which is about to open its token sale to the public, is hoping to raise a total of $1.8 billion total from its ICO after raising nearly half that sum from private-placement “VIP” investors.
And with so much money to be made hocking the dozens of coins that continue to be launched every month, perhaps it’s unsurprising that Facebook is doing a less-than-perfect job of filtering out all the crypto-related advertising (almost all of which is paid for and allocated through an automated system that is prone to lapses, as we learned during one memorable incident last year), which the company denounced last month.
Case in point: Earlier today, a tech reporter at Buzzfeed News, pointed out the following (extremely eye-catching) advertisement, which he claimed to have seen on Facebook (both it’s traditional and mobile sites) and Facebook-owned Instagram.
The advertisement is soliciting buyers for an ICO called “Datecoin”.
The advertisement describes Datecoin as “the world’s first dating service that uses neural networks and artificial intelligent [sic] algorithms based on working business model with clear buyback on blockchain…”
…or whatever that means…
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Facebook is doing an amazing job blocking crypto advertis… Oh.
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Still confused? This screengrab from the company’s website probably won’t help, but at least there’s half a hot Russian lady in it:
To be sure, a quick skim through the Datecoin whitepaper offers an incredibly helpful -if entirely alternative — illustration of the company’s “business model.”
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the white paper has a page that is literally just a photograph of a model
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To be sure the “working business model” is simple enough: “Just install our Denim app and enjoy all the features of a truly effective dating!” [sic]
Furthermore, the melange of meaningless buzzwords used by the company to describe its offering…
DateCoin is the world’s first dating service that uses neural networks and artificial intelligent algorithms based on working business model with clear buyback on blockchain
… apparently has a purpose: to solve “industry problems” such as the following:
Low efficiency in finding a matching partner. The user wastes a bunch of time looking through boring profilesFake photos and accounts of non-existing girls, unreliable personal informationHidden subscriptions and payments that drain the money from users cardsWeak cybersecurity of the services, confidential data leaks due to successful hacking attacks
Meanwhile, a Youtube video entitled “What is DateCoin?” features five men discussing how DateCoin leverages AI and neural networking… except the discussion is entirely in Russian.
Despite all this DateCoin was launched on March 30, and on April 4 the project reached $ 4,000,000 and closed SoftCap.
So, with all of this in mind, is DateCoin “the next bitcoin”? Or just another trash ICO?
Read the full Whitepaper
The partnerships Ripple (XRP) has acquired and the constant momentum of banks using the revolutionary payment settlement software by the company, has been monumental and impressive in a a sense that it has all happened in a Tsunami of developments. The wise Ripple (XRP) HODLers have been noted like Buddhist monks during meditation for they know the potential of the project in providing real life blockchain solutions and the potential of the coin in the crypto markets.
But what if Ripple (XRP) was never meant to moon drastically? What if Ripple’s destiny is being the most stable coin in the crypto-verse? Far more stable than bitcoin (BTC)?
The way I see it, XRP could end up being the ‘base’ of the cryptocurrency market the same way the United States Dollar and the Euro are the base currencies for global trade. The USD in particular is considered as the . Everything in global trade is measured with respect to the United States Dollar. This is due to the fact that after the Second World War, the American economy has grown tremendously domestically and internationally. The country has also remained politically stable (domestically) for 153 years since the end of the Great American Civil War in 1865. The US has gone ahead and proven its might as a Super Power on numerous global occasions.
Looking at Ripple, the coin had remained relatively stable from August 2013 when it appeared in the markets, till around March 2017. This is a period of almost 4 years where XRP was valued at around $0.06 on average. Of noteworthy mention, is that XRP withstood the of December 2013 that rocked bitcoin and caused it to plummet 70% from levels of $1,152 (30th November, 2013) to $380 a year later. bitcoin would then range between $200 and $300 till late 2015. bitcoin did not recover to its $1,000 levels for 3 years.
XRP was not affected by the bitcoin turmoil then and has shown some level of resilience whenever bitcoin becomes volatile in the markets. It has maintained levels around $0.50 for the last few weeks as bitcoin has gone sub $7,000.
Perhaps the reason XRP is constantly stable is because it has a top notch management team led by Brad Garlinghouse; has actual working products backing the coin (xRapid, xCurrent and xVia); and the coin is in constant circulation and not prone to hoarding like BTC.
What then can become an outcome, is that XRP will keep rising steadily in the markets to the predicted levels of $4 by mid 2018 and $10 by December. Once traders notice this, they will opt to increase their portfolio in XRP due to less volatility and support of the coin. Also, exchanges will then start using XRP for its trading pairs. If this were to happen, XRP would dethrone BTC and become the new King of Crypto.
[Photo source, hacked.com]
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