How Koinify and Melotic Plan to Bring Order to Crypto Crowdsales
Though the crypto 2.0 segment of the bitcoin community is maturing, the part of the industry principally concerned with non-financial or advanced blockchain applications has struggled to develop a stable marketplace for its projects. In the absence of strong VC interest, or perhaps in the spirit of pushing the boundaries of innovation, many decentralized applications (DApps) are seeking to fund themselves through what may arguably be the blockchain's most compelling use beyond currency, decentralized product backing in the vein of Kickstarter. DApps seek to harness the ability of....
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Clef, the two-factor authentication service from the future, has partnered with crypto crowdfunding platform, Koinify, as it expands its security offering into the Bitcoin world. When deciding to go with a two-factor authentication service, Koinify chose Clef because “its a fresh new solution to the 2FA problem,” stated Tom Kysar, Community Lead at Koinify. Providing users with a stronger peace of mind regarding the security of their tokens and account is a top priority for the app funding platform. Although Clef’s integration has only been active for a short time, the team at Koinify....
Decentralized crowdfunding platform Koinify announced today that they have brought aboard both Vinny Lingham aboard, where they will be taking advisory roles. Vinny Lingham is, of course, the CEO of Gyft - a service that allows consumers to easily purchase gift cards to their favorite stores online. Gyft is highly regarded in the cryptocurrency community, as they accept bitcoin payments. Lingham will be serving on Koinify's advisory board. "Vinny is one of the best entrepreneurs I know, especially when it comes to bootstrapping a startup and creating a product people love. We are....
Cryptocurrency crowdsales, or Initial Coin Offerings (ICO), can be a contentious subject. But there are a lot of ICOs on the crypto-landscape lately. Many exist on larger platforms, such as Bitshares and Ethereum. Crowdsales & ICOs Are Growing More Popular. Lately, in the cryptocurrency news cycle, all you hear about is some new ICO or crowdsale....
For many entrepreneurs, one of the most compelling use cases of blockchain technology is the potential for it to enable new marketplaces that remove traditional hurdles associated with investing and crowdfunding. The growing number of public crowdsales has been widely covered as of late. With these crowdsales, companies sell a branded bitcoin fork as a way to finance the early development of cryptocurrency-related projects. The popularity of many of the early crowdsales has sparked a conversation about where the burden of consumer protection lies. It appears that burden, at least for the....
Hong Kong-based cryptocurrency startup Melotic has announced that it is shutting down its digital asset exchange, citing a lack of sufficient growth. In a 3rd May blog post, Melotic indicated that the cost of operating its platform had become prohibitive. The exchange, which hosts a number of altcoins and decentralized app (dapp) tokens, appears to have fallen victim to low trading volumes. According to the post, users will have until 15th May to withdraw their balances, and deposits. After 15th May, the exchange will be shut off. Melotic said that it intends to continue operating with an....