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Blockchain Newsletter: Bitcoin Split Is Nothing to Fear [2017W31]

Altcademy Team wrote on 7 February 2018

This Week's Update on Bitcoin and Blockchain [2017W31]
Issue: Week 31 of 2017

Markets

  • Price per Bitcoin BTC is at ~$2749 USD (+38% from last Monday)
  • Price per Ether ETH is at ~$226 USD (+38% from last Monday)

Articles

This week’s new initial coin offerings (ICOs)

  • Smart Investment Fund (SIF) is a fund that will trade blockchain assets using volume analysis algorithms.
  • It is raising capital through an ICO with the SIFT token.
  • SIFT will be publicly tradable on exchanges and each token will receive monthly dividends based on the fund’s performance.
  • After the ICO concludes, SIF will convert the ETH raised into USD/EUR/GBP.
  • SIF will then trade cryptocurrency pairs (BTCUSD, LTCUSD) based on proprietary algorithms, all trades will be carried out by a human.
  • At the end of each month, half of the profit will be distributed to SIFT holders and the other half stays in the fund to increase AUM.
  • Each SIFT token will have 1 voting right on future investments decisions proposed by the fund.
  • The ICO is uncapped and begins on August 1 until September 15. The exchange rate is 1 ETH per 100 SIFT.
  • Brickblock is building a platform that offers Coin Funds, Exchange Traded Funds (ETFs) and Real Estate Funds.
  • All transactions between investors and fund managers will be executed through smart contracts.
  • Brickblock is minting the Brickblock token (BBT) which will give mining right to its holders to create Access Tokens (ACT).
  • ACT is what is needed to make transactions on the Brickblock platform for Users, Broker-dealers and fund managers.
  • To create ACT, users must lock in their BBT in a smart contract.
  • The smart contract will then pay out ACT on a weekly basis depending how long the BBT is in lock up.
  • ACT can be sold to other users so they can access the platform. A total of 500 Million BBT will be created.
  • 51% will be sold in the 2-phased crowd-sale. 35% will be in company lockdown for minimum three years.
  • The first crowd-sale starts on August 2 and last for five days. The first 24 hours will have an exchange rate of 1000 BBT for 1 ETH, each hour will see a 25 BBT decrease in the exchange rate (975, 950, 925, 900).
  • The second crowd-sale is planned to start in late September or early October and will last for 4 weeks.


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