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Blockchain Newsletter: China Central Bank Says Initial Coin Offerings Are Illegal [2017W36]

Altcademy Team wrote on 7 February 2018

This Week's Update on Bitcoin and Blockchain [2017W36]
Issue: Week 36 of 2017

Markets

  • Price per Bitcoin BTC is at ~$4393 USD (+3.7% from last Monday)
  • Price per Ether ETH is at ~$321 USD (-5.8% from last Monday)
  • Price per Bitcoin Cash BCH is at ~$560 USD (-6.67% from last Monday)

Articles

This week’s new initial coin offerings (ICOs)

  • Grace is building a charity fundraising platform that provides an incentive mechanism for advocates to promote charitable causes.
  • Grace’s Advocate Incentive Mechanism rewards advocates financially by giving them a percentage of the fund raised.
  • The reward is provided in Grace’s own ERC-20 ethereum coin GRCE.
  • The reward percentage is set during the creation phase of each campaign.
  • Grace is creating 120 Million GRCE tokens in total.
  • 80% of this will be sold in the token sale at an exchange rate of 3,000 GRCE per ETH.
  • The presale period plans to release 20 million GRCE with 20% bonus token reward.
  • It is scheduled to start on September 4, 2017 and last 7 days or until the cap is reached.
  • Matryx is a platform that enables and incentivises collaboration in science, technology, engineering and mathematics.
  • It consists of a ethereum based bounty system, a library of digital assets, and a marketplace.
  • Bounties are posted with the intention to fulfill specific problems, from mathematical proofs to 3D designs.
  • The bounty poster can select a submission and use it as the parent for a new batch of community revision.
  • When the poster is satisfied, a winner is chosen.
  • All contributors, not just the final winner, are rewarded with Matryx’s cryptocurrency MTX.
  • The company behind Matryx, is Nanome.
  • They have previously created and launched two VR applications for mathematics and nanoscale design collaboration toolkits on the Steam platform.
  • There will be exactly 314,159,265 MTX created. The presale of MTX tokens start on September 6, 2017.
  • The exchange rate is set at 1165 MTX per ETH.
  • To participate in the presale, minimum investment is 75 ETH.
  • Investment of 150 - 300 ETH receives 10% discount, investment of 300 ETH or greater receive 15% discount.

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