Monday, May 21, 2018

What Is ParkGene Cryptocurrency?

According to a study conducted by Frost & Sullivan, the parking industry was valued at around $100 billion in 2014. In the coming 3-5 years, it’s expected to attract $200-$250 million in strategic investment. The lion’s share of this capital will be directed toward eliminating many of the inefficiencies that exist in the way vehicles are parked today.

Parkgene is an all-new blockchain-driven traffic solution that can also be thought of as ‘the Airbnb of parking’. It employs a mobile app that allows private parking owners to rent their parking spots when they are not using them.

All transactions are carried out digitally in an easy and secure manner, without the need for any technical knowledge. As for drivers who deploy Parkgene, they are able to find spots in a faster, cheaper manner than before, and are even able to make payments via the native GENE token—thereby cutting out transaction surcharges.

Parkgene offers a solution that has already been implemented and is operational. Through the use of technologies such as smart contracts, KYC, and blockchains, this platform is able to deliver a high level of:

  • Robustness
  • Security
  • Transparency

Overview of the platform

  • This service is in full compliance with security regulations that exist across the globe.
  • Through the use of a native token, Parkgene is able to eliminate issues related to e-money licensing and invoicing that are commonly encountered with fiat currency.
  • It allows users to save time and money when in crowded metropolitan areas.
  • The app interface is visually-oriented and quite easy to navigate.

Key Features

Parkgene can serve as an additional source of revenue for individual customers as well as larger business establishments. Not only does this platform help relieve drivers of the stress of finding parking, but it also creates a parking spot supply that is not available on the market today.

Overview of the services provided by ParkGene

Parkgene provides users with spots, without the need for intermediaries like parking attendants and assistants—thereby allowing vehicle owners to have complete peace of mind.

Also worth noting is that Parkgene makes use of a dynamic pricing model which is quite similar to those of other service-based apps such as Uber. This helps vehicle owners find the right spot for the right price with the touch of a button.

The business model employed by the company

Lastly, Parkgene integrates with the infrastructure that exists in all the cities where the app is used. This eliminates the need to build new parking lots, and as a result, city traffic levels can be severely reduced.

How it works

ParkGene comes with an all-in-one app that allows the owner of a parking spot to remotely manage their space. Additionally, thanks to the Parkgene Internet Door Opener, the spot owner has the ability to control access to their parking space remotely.

Overview of how the system works

Parkgene records video from multiple vantage points if a camera is connected to the primary system module. All of the recorded videos are linked directly to blockchain records and can be used in the future in the case of a dispute.

People searching for parking spots can use the app to make bookings and pay using GENE tokens. Users who are not well-versed in crypto technology can also make payments using fiat currencies.

Here are a few more key points:

  • All bookings are completed with a high level of security and transparency through the use of blockchain technology.
  • After the conclusion of a parking session, the driver leaves the parking spot and the predefined smart contract automatically distributes GENE tokens to the relevant stakeholders.
  • For every transaction involving GENE tokens, the owner of the parking spot receives 80-85% of the payment amount, whereas Parkgene receives anywhere between 10% – 20% in commission.

About the team

Ilias Hatzis is the CEO of this project. According to his LinkedIn profile, he has been in the digital domain for more than two decades, having founded several consumer internet and ad tech startups. Ilias also previously worked at big-name companies such as Google and JWT, and was the founder and CEO of Mercato Blockchain Corporation AG.

Yannis Ramfos is the COO of ParkGene. He describes himself as a “results-driven executive director” who possesses over 20 years of demonstrated success in directing business and technology operations for a host of organizations.

John Zarifis is the CTO of this venture. According to his online bio, he possesses over 15 years of experience as a senior software engineer and software architect, and 7+ years experience as a software research and development manager.

Token Performance Details

Transactions on ParkGene are facilitated by a native currency called GENE.

GENE token lifetime performance chart (courtesy of CoinMarketCap)

At the time of writing, ParkGene possessed a total market cap of US$3,861,452. There are currently 275,760,863 GENE tokens in circulation, while a total of 1,000,000,000 GENE have been created.

Introduced to the market at a value of $0.014, the currency has remained relatively stable over the course of the past week. As of May 20, the price of a single token currently stands at $0.0143.

Final Thoughts

With ParkGene introducing a blockchain-driven platform that can solve many of the parking issues that exist around the world, it would not be surprising to see this technology do well this year.

If you would like to start investing in ParkGene, GENE trading pairs are currently available on BTC-Alpha.

from The Merkle

Decentralized Gaming Platform Playkey Plans to Buy Back 2,000,000 PKT for up to 2.5 Million Dollars

From May 29 to June 29, the Playkey decentralized gaming platform plans to buy back PKT on the HitBTC exchange. Although the buyback price will be determined by the exchange rate, it shouldn’t exceed $1.24 per PKT. During the buyback, there will be a daily budget limit of $66,000 and a $20,000 purchase limit for a single seller.

We do that in accordance with our roadmap to keep the PKT price under the review and to increase the quality of the PKT holders giving the chance to former bounty participants to sell PKT. What’s more important, the buyback will help us to accumulate PKTs on the Playkey Foundation site i.e. get ready to the next important step in the Playkey development. In June, 2018, Playkey expects to begin accepting PKT as payment for subscriptions on’s operational gaming platform, which is still centralized” – says Egor Gurjev, Playkey CEO.  The company regards, buying back tokens will provide stability during the launch of the PKT payment option. Playkey intends to use the repurchased amount of tokens to eliminate the threat of an artificial token deficit in the public sale. is the concept of the blockchain-features decentralized ecosystem for gaming services that are based on Playkey, a prominent cloud gaming provider that gives a reasonably-priced opportunity for players to play top-rated games anytime and anywhere, using an obsolete laptop or MAC device connected to the Internet, without having to purchase a high-end PC or console. Today the Playkey centralized cloud gaming platform is available for Russia, CIS, Germany, and the UK.

The core participants in the new Playkey Ecosystem are gamers and miners (cloud gaming hardware providers). The Playkey idea is to create an ecosystem for cloud gaming based on P2P and blockchain technologies featuring dozens of independent owners of powerful computers worldwide  (miners) united within a community, and acting as a cloud gaming service provider. So here miners get an efficient option to utilize their computational capacities that is more efficient, more stable, and less risky than ordinary cryptocurrency mining. And gamers will be able to choose the best and the closest server for playing with minimum latency and lags. Playkey is aiming to build a large, private and professional community of miners, and become the largest cloud gaming platform.

PKT – Playkey Token – is the cryptocurrency to be used within the Playkey decentralized cloud gaming ecosystem for miners and computer gamers.

To find out more or to check the whitepaper, please, visit site.

The post Decentralized Gaming Platform Playkey Plans to Buy Back 2,000,000 PKT for up to 2.5 Million Dollars appeared first on NewsBTC.

from NewsBTC

What Is Live Stars Cryptocurrency?

An undeniable aspect of being human is the need for contact. This urge has been the cornerstone of many breakthrough inventions. The modern age has used it to metamorphose the adult industry into a multi-million dollar business with boundless potential.

One of the fastest-growing sectors of adult entertainment is the live webcam industry. However, this domain comes with its own set of tethering issues which are now slowly being addressed. However, one thing that has become clear is that innovation in the webcam industry has become a necessity.

Live Stars looks to address this. It is a blockchain-based webcam platform that aims to disrupt the online adult entertainment industry. It makes use of a unique business model that is based on these three pillars:

  • Exclusion of intermediaries
  • Automation of processes
  • Primacy of individual privacy

The platform is based around its unique token, LIVE, which serves as the core means of payment within the ecosystem. Its implementation facilitates safe and convenient interactions between users and the platform.

Overview of the Platform

Live Stars significantly reduces administrative costs by utilizing a peer-to-peer content distribution network for public streaming. It aims to offer users with a high level of transparency by making use of a service protocol that is open-source and free and which can be used within any public chain.

Live Stars also makes use of webRTC on a ‘one-to-one’ principle without a server, with the aim of enhancing privacy to ensure full anonymity of all involved parties and the security of encrypted data. The token acquisition interface is intended to be simple and is accompanied by a step-by-step video tutorial.

Along with the LIVE token, the platform also provides customers with relevant pricing data in fiat currencies such as USD.

Lastly, the platform will also utilize a referral system, providing money-making opportunities to not only models (the service providers), but also to users (the viewing customers).

Key Features

The Live Stars platform is fully automated and streamlined, allowing for instant purchases and payouts.

A key issue for service providers and webcam models is the long gestation period between when income is earned and when it can be withdrawn. Live Stars bypasses the bureaucracy involved in today’s banking system and ensures near-instant payouts for models and affiliates. The platform is built to have no purchase limits. More importantly, it has no minimum threshold for withdrawals, making it an attractive option for models.

Key offerings of the Live Stars ecosystem

The platform runs a sophisticated encryption algorithm to enable private video chats as well as messaging. This is to ensure that individuals’ data integrity remains intact at all times.

In today’s privacy-conscious world, archaic website registration forms stand out like a bad cliche. There is enormous potential for compromising clients’ as well as service providers’ privacy. Live Stars aims to provide users with complete anonymity and security. By accepting only cryptocurrency tokens, the need for gathering one’s personal details is avoided. To stress this point, the source code will be independently audited.

The Live Stars platform has all its monetary transactions priced exclusively in its LIVE cryptocurrency. Doing so is both fast and safe. The platform works with an advanced referral program which moderates awards via an affiliate program which allows users to earn the native token.

How it works

Complete anonymity and security is the core philosophy of this platform. By being independent of fiat currency, it avoids the contentious issue of gathering and and maintaining users’ and service providers’ personal details. This also means that no third-party intermediaries are needed for verification purposes.

The model espoused by Live Stars allows for economic efficiency and promises models 70 percent of all revenues. It bypasses minimum withdrawal amounts and dependence on specific payment cycles. This automation also means that any hassles involved with updating payment details are negated. Moreover, the processing algorithm for rating levels on Live Stars is intuitive and easy to understand.

About the team

Live Stars is the collaborative work of five specialists, who will be assisted by a larger team at a later stage. At present, the team consists of:

Alexander Kansky: the lead programmer for this project. He has over 3 decades of experience in software development encompassing various large-scale international projects, and also holds a master’s degree in applied mathematics.

Linda Gabrane: the head of Live Stars’ finances and community management. She looks after budgeting and business analytics. With experience in the banking sector, she provides creative alternatives and recommendations to reduce costs and improve the company’s financial performance.

Aleksander Rivkin: the designer of this platform. He looks after its interactive aspects to ensure a smooth user experience. He has over 6 years’ worth of working knowledge in apps and website design.

Token performance details

Introduced to the market earlier this month, LIVE was initially valued at US$0.062 per token.

LIVE token lifetime performance chart (courtesy of CoinMarketCap)

The currency’s value has been rather stable since its inception. However, due to the fact that this is still a new product, it is too early to assess the true potential of this token.

At the time of writing, the price of a single LIVE token stood at $0.074, an increase of nearly 17%.

Final Thoughts

Live Stars delivers its customers a platform that can be deployed easily. Its focus on anonymity and security along with a streamlined business process makes it attractive to clients as well as participating models. For those interested in investing in LIVE, trading pairs are currently available on DDEX, IDEX, and OTCBTC.

from The Merkle

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The 2018 Year of Cryptocurrency Challenge – Week 19

At the beginning of 2018, I wrote an article outlining a New Year’s resolution that I thought could help boost cryptocurrency adoption and awareness in 2018, as long as enough people were doing it. Last week was the eighteenth installment of my challenge. This week coincided with Consensus in New York City; let’s get into it.


This past week I was at Consensus 2018 in NYC. The energy I saw there was great, and there were over 8,000 people in attendance – so many, in fact, that it was really annoying to wait in line for my badge at registration the day before the conference even began. The conversations were lively and numerous. Many people were looking to explore new projects or tell me about their own. I was surprised by just how many non-crypto people were also at this event. I found this to be encouraging for the future of the industry. Consensus made one thing very clear: even if the tourists start going home (and I feel many have after Bitcoin’s all-time high this past winter), blockchain technology is here to stay.

I also had the great fortune to see a friend of mine perform with his band this past weekend. While my friend is pretty sold on blockchain and cryptocurrency, his brother (who works for a financial institution) remains fairly skeptical of it. In particular, he wondered why a bank would not just create a private blockchain and cut out public chains altogether. I explained why game theory is really what drives a strong, decentralized ledger – you need to incentivize individuals to run nodes, mine, validate transactions, and so forth. I would never run a Big-American-Bank-Blockchain node unless I were compensated for the computational effort that went into securing the chain. We did both agree that 1) greater regulation is needed, and 2) it’s coming. By the end of the night, we both had a better perspective on the topic.


There were innumerable opportunities to learn at Consensus, and one in particular really stood out. A project called Decenturion is actually trying to become a blockchain state. They were accepting ‘applications’ for citizenship (though I can’t imagine they actually denied anyone) and were issuing what looked to be pretty legitimate passports to their new citizens with all the bells and whistles of a regular passport – minus the recognized statehood, for which someone told me they were petitioning the UN.

It’s an interesting idea, and it challenges our ingrained notions of what and where a state can be, but I do doubt that the UN will recognize it.


This week, I sent some Dogecoin as a tip to a friend for having done an absolutely awesome Photoshop job under strained conditions. I was impressed by her speed and ability to add someone else into a photo and make the edit barely noticeable. Who doesn’t deserve some Doge for that?!

Do you often attend industry conferences? How do you feel about them? Think that Decenturion will take off, or that blockchain states are a possibility? Tweet at us or comment below!

from The Merkle

Are We Flying Blind With Blockchain? - Forbes


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₽750 Million: Russia's Largest Bank Buys Commercial Bonds on a Blockchain - CCN


₽750 Million: Russia's Largest Bank Buys Commercial Bonds on a Blockchain
The investment and corporate banking arm of Sberbank and telecom giant MTS have laid claim to conducting Russia's first commercial bond transaction using blockchain technology. In an announcement, MTS revealed it had placed commercial bonds worth ...

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OPEN Presents Innovative Protocol Blockchain for Interoperability*

Cryptocurrencies and blockchain, undoubtedly, will disrupt companies and entire industries in the near future. OPEN Platform has been working hard from day one to push this vision forward by creating the tools that allow any developer anywhere to accept cryptocurrencies in a plug-and-play manner. This has the potential to tap into the $400 billion of cryptocurrencies, the vast majority simply sitting in wallets. OPEN completely challenges the status quo by allowing anyone to actually spend their cryptocurrencies on goods and services.

Any developer, with a few simple lines of code, can integrate the OPEN API and implement an on-chain payment system while keeping their codebase off-chain. This allows any payment that is made on-chain to communicate with the application’s backend, which is absolutely critical for applications to function correctly. Current solutions such as Bitpay fail to cater to application developers and do not really provide a developer-focused ecosystem similar to what OPEN is building.

As OPEN built and released the OPEN API for developers to begin using, the team analyzed both the on-chain and off-chain functionalities that were required. OPEN provides a powerful connection between off-chain and on-chain components; however, could OPEN develop a revolutionary on-chain feature?

The OPEN team began looking into developing a new blockchain. A new type of chain that would actually push the blockchain space forward. After an extensive research and development period, OPEN is excited to announce OPEN Chain.

OPEN Chain

OPEN Chain will allow for the improved mainstream adoption of cryptocurrencies through a high throughput blockchain focused on interoperability and scalability. This new type of blockchain with a combination of different components will allow for data transfer between chains at high volumes per second, competing effectively against existing centralized solutions. Components of OPEN include:

OPEN Chain: A high-throughput blockchain built using the OPEN Rapid Consensus mechanism

OPEN Cluster: A collection of interoperable blockchains within our ecosystem

Scaffolds: Interoperable data gateways deployed to blockchains within the OPEN Cluster that translate on-chain data into the OPEN States

OPEN State: Singular source for all on-chain data across every blockchain in the OPEN Cluster and linked to the application’s backend

Blockchain Load Balancing Protocol: Turning a network of interoperable blockchains in the OPEN Cluster and parallelizing data processing between each in order to achieve unmatched levels of throughput

OPEN Distributed Data Network: A distributed storage network that allows off-chain data to be referenced and updated by Scaffolds on any chain

OPEN Chain provides a completely novel way of routing and processing transactions that is extremely robust, yet simple and agile in its deployment.

When a developer deploys application Scaffolds on the OPEN chain, they are automatically deployed across the entire OPEN Cluster of interoperable blockchains. As the applications process transactions, they are processed on OPEN Chain with its ORapid Consensus mechanism. Once transaction volume begins to reach its limit on the chain, OPEN’s Load Balancing Protocol begins routing transactions to other blockchains which have capacity. The Scaffold then translates the data into the OPEN State which carries the data found on various blockchains.

Deploying a Scaffold across OPEN Chain results in a Scaffold deployment across other blockchains as well, leveraging the power of multiple blockchains rather than just one. In the Load Balancing Protocol, nodes are constantly assessing the capacity of each chain, analyzing which chain can support more transactions.

OPEN Chain presents a solution focused on both interoperability and scalability, disrupting both existing blockchains and centralized solutions. The team has a strong background in application development and blockchain technology capable of bringing OPEN Chain to thousands of applications all around the world.

Token Swap

“We can’t wait for people to learn about the upcoming token swap program. It’s going to reward our most loyal supporters in a truly special way,” explained Ken Sangha, CEO of OPEN.

OPEN will be using the funds already raised by their supporters to continue to develop and deploy OPEN Chain, rather than raising additional funds.

This means that once the OPEN Chain is ready to launch its test net, the current OPEN tokens will be exchanged for the new protocol tokens at no additional cost.

Furthermore, shortly after our TGE event, the team will be taking a snapshot of all wallet addresses that have received OPEN tokens. Once the test net is ready to launch, OPEN will analyze those wallet addresses to identify which of the original token holders have maintained their positions.

Individuals who have maintained their positions will receive a significant bonus in the form of new OPEN tokens during the token swap.


OPEN is also excited to announce the creation of a Masternode program. At a high level, Masternodes will be instrumental in implementing the interoperability functions, hosting the Distributed Data Network, and participating in governance. OPEN will be releasing key details about this program soon. Stay tuned!

OPEN is thrilled to be announcing some of its biggest developments and looks forward to growing a transformative ecosystem, supported by one of the best communities in the blockchain space.

Download the OPEN Chain white paper here.

The post OPEN Presents Innovative Protocol Blockchain for Interoperability* appeared first on NewsBTC.

from NewsBTC

How Blockchain Can Transform Currency - Forbes


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