Crypto trading news & updates
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Russian Added as a Language Option on ATAIX
In continuing to improve the ATAIX platform and make it as accessible as possible for our global community, we have added a Russian language option on the platform. Russian is the third language option available on ATAIX, following English and Japanese respectively.
The decision to add Russian as the third language option on ATAIX was made due to high demand. As always, we try to provide users with the experience they want from ATAIX. As we continue to monitor the user experience on our platform, we’ll continue making additions and improvements based on feedback.
If you haven’t joined ATAIX, sign up for an account today to begin trading.
An Intro to IEOs
So you think you’ve come to terms with blockchain? Finally! You’ve had your eureka moment and now you’re out in the streets in your bath towel telling the whole neighborhood about it. But five minutes later, just as the cold hits you, you start doubting again. You almost got to the end of a book to do with Distributed Ledger Technology, which you think you understood then but can’t now. You read about Initial Coin Offerings until your eyes turned red and you even invested in a few (the less said about that the better).
The universe of blockchain is scattered with three-letter abbreviations and such rapid change that it is an almost full-time occupation just staying informed. And now along comes another three-letter abbreviation, another initial “offering” of some kind. But this one is something to do with exchanges, not coins. Intrigued? Try to keep up.
A very short backstory of all things blockchain so we can all start on the same ledger.
Blockchain technology burst onto the scene with Bitcoin in 2009. The key aspect of a blockchain is DLT (Distributed Ledger Technology) which maintains a decentralized public list of all network transactions as opposed to the previous model of a centralised - and hence secret - database. Whereas transactions through a bank must rely on that institution as the “trusted third party”, blockchains ensure that this third party is spread across a network of nodes. “Miners” enable and maintain the blockchain in exchange for rewards in a certain cryptocurrency. Through transparency, the aim is to guarantee trust through incorruptibility.
The potential of blockchain technology soon spread from a pure digital form of cash like Bitcoin to more specific use-cases such as smart contracts. These allow for the execution and even negotiation of contracts between two or more parties without the need for a physical intermediary to guarantee the contract. This trusted third-party is programmed into the blockchain itself. As the original, Ethereum is perhaps the best example of this, acting as a platform for others to build their own specific smart contract projects.
As the early blockchain pioneers increased, so did the accompanying ecosystem. A staggering number of ICOs (Initial Coin Offerings) appeared from around 2015, peeking in 2017 to 2018. As with anything popular, especially in an unknown and unregulated space, many of these projects were poorly conceived of or just scams. Projects were launched on their own websites, where they sold tokens of their own cryptocurrency, regardless of whether the aim was to be a pure digital currency or something with more real world application.
The term ICO closely mimics the long-established IPO (Initial Public Offering) for companies going “public” or “floating” on the stock exchange through the sale of shares of equity. The difference was that there were no rules in this new Wild West of blockchain startups. A huge number of these ICOs turned out to be fraudulent, while many more just failed through hasty and poorly-run teams. As such, ICOs quickly earned a reputation for being highly risky. Peaking in February 2018 with over 1,500, a year later by February 2019 they had almost completely died out as a method for blockchain crowdfunding.
Enter our new friend IEO
Initial Exchange Offerings grew into the vacuum left by the suspicion of ICOs, but also played an active role in hastening the end of the ICO age. Their appeal is in the increased level of trust they offer buyers of crypto tokens. So what has changed with this switch from Coin to Exchange?
Well, it’s pretty straightforward. The place where tokens are bought or exchanged has moved from the website of the blockchain project to an exchange site.
But let’s rewind to crypto exchanges
To back up a bit, exchange sites grew up alongside the rise of Bitcoin and the increase of new cryptocurrencies. Here, people could buy cryptocurrencies with fiat (“normal money” - USD, EUR, GBP and so on) or exchange directly between various cryptocurrencies. More recently, as official regulation of cryptocurrencies is catching up with the industry, these exchange sites have tended to fall into two categories: regulated fiat to crypto exchanges and the wilder and more unregulated crypto to crypto alt-coin exchanges (alt-coins include all the thousands of smaller cryptocurrencies, which generally exclude the big three of Bitcoin, Ethereum and Litecoin).
These exchanges are important in our story because they stepped in to offer a solution to the general suspicion of ICOs. What they were betting on was that launching a blockchain project’s token offering on their exchange instead of on a standalone website would increase trust. And as IEOs increased in frequency and popularity, while ICOs dwindled, it became clear that they had been right.
The IEO model is based on a mutually profitable crypto triangle. First there is the project or company that wants to sell their token to raise funds to develop further. By partnering with an exchange, they ensure a level of credibility that they could not get if they sold tokens directly to buyers.
This also saves a huge amount of resources on the software development and marketing required to independently host an ICO. The fee that startups have to pay to exchanges for the IEO is almost always significantly less.
Then they are also immediately listed on an exchange, which - depending on the exchange - hugely increases the likelihood that people will buy their tokens (the ease of purchase and exchange of cytocurrenices is called “liquidity”).
That should give the team more time and resources to get on with what they are trying to develop, instead of desperately trying to get listed on an exchange, as was the case back in the days of ICOs.
IEOs are also great opportunities to invest in some up and coming projects. ATAIX IEO offers users with a project in mind with the opportunity to list their project and get funding while offering other users an opportunity to explore some new projects they might be interested in investing in.
EcoEarthCoin (ECOEC) Listed on ATAIX
EcoEarthCoin (ECOEC), the native utility token of ECONEUARK, is now available for users to trade on ATAIX. ECONUARK is a platform that allows users to invest in real estate development.
The ECONUARK platform works by connecting blockchain and smart contracts with real estate property developers. Users can invest in eco-friendly real estate development and buy other goods and services with the ECOEC token.
ECOEC skyrocketed to first place shortly after its submission to the ATAIX voting list and has held the spot since.
To trade ECOEC or any other coin on ATAIX, sign up for an account today.
Robotina's ROX Has Been Listed on ATAIX
Robotina platform’s ROX token is now available for our users to trade on ATAIX. Robotina is an innovative platform that combines blockchain, the internet of things, and artificial intelligence with the goal of reducing electricity consumption.
The Robotina platform has been live since 2018. Users who join the platform get an energy management system, an IoT device that optimizes energy consumption. Robotina claims those who join the platform stand to reduce energy consumption by upwards of 30%.
ROX is the native utility token for Robotina, an Ethereum based and application specific token that can be used for a variety of things on the platform.
To begin trading ROX or any other crypto on ATAIX, sign up for an account today.
KOTO Now Available on ATAIX
We’ve officially listed the KOTO coin of the Koto project. Koto is a project focused on building a cryptocurrency that prioritizes privacy and democratic mining.
Any KOTO users can make use of their zero-knowledge proofs with shielded addresses to hide transaction information to ensure maximum privacy. They have a CPU friendly hash algorithm, which allows users to easily mine from their computers or smartphones. As an open source software, Koto belongs to all its users who continue to work on it.
KOTO was submitted to our voting list and garnered hundreds of votes in a matter of weeks, skyrocketing it to second place.
If you’re interested in trading KOTO or any of the other many coins we have listed on ATAIX, sign up for an account today.
ATAIX Lists Crypterium's CRPT
CRPT, Crypterium’s native utility token, has been listed on ATAIX. Crypterium is a platform focused on integrating crypto into everyday life through a variety of solutions.
The company has been trying to bridge the gap between crypto and the real world for years, providing very practical ways to connect the two. In the past, they’ve released mobile apps as well as ER codes and established partnerships with hundreds of e-commerce sites.
Most recently, they shipped crypto cards to users, which can be used with many major cryptocurrencies in much the same way that any prepaid cards are used. They can also be used with crypto ATMs all over the globe, with the ATMs automatically converting the crypto to the local currency.
To trade CRPT or any other coin or token on ATAIX, sign up for a free account today.
XinFin's XDCE Token Now on ATAIX
XDCE, a token from the XinFin Hybrid Blockchain platform, is now available for users to trade. XinFin combines private and public blockchains to create a platform for global trade and finance.
XinFin works by combining a public state, in which all users are members, with the ability of enterprises within the network to host a private sub-network. This allows enterprises to publicly and transparently share data across the public network while keeping more sensitive data within the private sub-network.
XDC is a native utility token XinFin uses within its network for settlements and remittance. XDCE is an Ethereum based token that has a value 1:1 to the XDC token, giving users the choice to hold tokens in either form.
To begin trading XDCE or many of the other coins we have on ATAIX, sign up for an account today.
ATAIX Has Listed Okcash
We’ve officially listed Okcash, a digital currency initially released in 2014. Okcash emphasizes speed and is designed to be an everyday transactional coin.
With dozens of developers from around the world, Okcash is a team effort with a strong community backing it. Okcash never had an ICO or any sort of funding rounds and was built entirely from the ground up with their team of volunteers.
After being submitted to the ATAIX voting list, Okcash started garnering hundreds of votes every week, propelling it to the top position. After seeing the demand and their energetic community, we simply had to list it.
Sign up for ATAIX today to begin trading Okcash or many other major and emerging cryptos today.
VIPSTARCOIN has been Added on ATAIX
Our most recent addition to the ATAIX platform is VIPSTARCOIN. VIPSTARCOIN is the native utility token of VIPSTAR.
The coin was released in 2018 by users of the popular Japanese textboard platform, 5channel. A group of users on the site known as Nyusoku VIP started the project in February 2018, launching it later in the year. There are thousands of active users, known as VIPPERs in the community.
One of the main ideas behind the VIPSTARCOIN is to give back to disaster-stricken areas such as those affected by the 2011 earthquake in Japan. As they put it, they want to “bring ‘Fun’ back to disaster-struck areas”. They want to encourage crypto donations and are trying to facilitate this with an app they plan on releasing in the future through which users can quickly and easily donate to help such areas.
To start trading VIPSTARCOIN or the many other coins we have on our platform, sign up for an ATAIX account today.