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Blockchain Newsletter: China Is Said to Ban Bitcoin Exchanges [2017W37]

Altcademy Team wrote on 7 February 2018

This Week's Update on Bitcoin and Blockchain [2017W37]
Issue: Week 37 of 2017


  • Price per Bitcoin BTC is at ~$4206 USD (-4.2% from last Monday)
  • Price per Ether ETH is at ~$295 USD (-8.1% from last Monday)
  • Price per Bitcoin Cash BCH is at ~$567 USD (+1.3% from last Monday)


This week’s new initial coin offerings (ICOs)

  • Domraider is a company established since 2013 that specializes in the business of dropcatching.
  • That is to buy up newly dropped domain names (.com, .net, etc.) and selling them at auction.
  • Domraider is working on a blockchain solution that specifically caters to the hosting and operating of auctions.
  • It’s key features are fast transaction speeds and low transaction costs.
  • The Domraider blockchain will be open to use by any auction organizers in the world.
  • Domraider is raising development capital through the sale of DRT tokens.
  • DRT tokens will serve as utility token on the Domraider auction platform.
  • DRT will be required to access the auction platform and execute its functions. Such as auction creation, bidding, etc.
  • DRT will also be used a security deposits for auction participants.
  • 1 Billion DRTs will be created, 35% of which will be sold during ICO. 15% is distributed to stakeholders.
  • The sale price is $0.117 USD per DRT. The ICO is capped at $41 Million USD.

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