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Blockchain Newsletter: Grandpa Had a Pension. This Generation Has Cryptocurrency [2017W32]

Altcademy Team wrote on 7 February 2018

This Week's Update on Bitcoin and Blockchain [2017W32]
Issue: Week 32 of 2017


  • Price per Bitcoin BTC is at ~$3360 USD (+22.2% from last Monday)
  • Price per Ether ETH is at ~$269 USD (+19% from last Monday)


This week’s new initial coin offerings (ICOs)

  • Farad is an energy startup that plans to manufacture and deliver high-end ultracapacitors. 
  • Ultracapacitors are used in consumer electronics, power grids and wind turbines to stabilize power supply. 
  • It is also used in cars and transportation vehicles either to give a sudden burst of acceleration or as a power source. 
  • Farad is investing in an ultracapacitor project built by Guangxi Aerospace Beidou New Energy Technology Ltd, a China company which produces ultracapacitor cells and its end products for different uses. 
  • A new factory is being built and outfitted to manufacture a line of ultracapacitor products for battery packs that caters for telecommunications, vehicles, mobile phones, power battery and solar battery. 
  • Farad is raising $200 Million USD to pay for the manufacturing cost of 80 Million ultracapacitors in the next 3 years. 
  • Farad will be minting 1.6 Billion Farad Cryptoken (FRD) to raise the capital. 
  • Each FRD will be sold for $0.125 USD during the crowdsale. 
  • Farad plans to buy back 133 Million FRD each quarter at a price of $0.145 USD per FRD from the investors. Making the investment internal rate of return at 8.19% p.a.
  • Poet is creating a platform for publishing, licensing and authenticating digital assets. 
  • Target users are publishers, editors and content creators. Poet will allow users to record ownership of digital media assets, track and license assets, discover new assets and verify the authenticity of discovered assets. 
  • Poet’s development strategy is to create value for different users at different stage. 
  • The first stage, Rosetta, is for digital publishers to inexpensively timestamp and generate immutable ownership certificates for their digital assets. 
  • The second stage, Gutenberg, will provide licensing, syndication and attribution of digital assets for publishers and content creators. 
  • The third stage, Alexandria, will be an open marketplace of content creators, editors and publishers. 
  • Poet is creating 3.14 Billion POE tokens of which 50% will be offered in the ICO to raise a minimum of $10 Million USD. 
  • Poet plans to use the POE token as a reward token where future revenue generated from platform will be distributed to token holders. 
  • The ICO will start on August 8 at 8:08 am EST.
  • Decentraland is a virtual reality world where users can own a parcel of land registered on a blockchain ledger. 
  • Landowners can create static 3D scenes or interactive games on their land. Land is non-fungible, transferrable, scarce and can be acquired by spending an ERC20 token called MANA. 
  • 1 Land will cost 1,000 MANA. 
  • Users can also earn and use MANA by selling or purchasing digital goods and services in Decentraland. 
  • Decentraland is raising captial in an ICO planned to start on August 17 8:00 PM EST that will last 10 days. 
  • The exchange rate is set at 1,000 Mana per 0.109 ETH with a hard cap of 90909 ETH.

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