Token Economy. The change is here

Part A.

George Karamanolis, Co-Founder & CTO/CIO, Crowdpolicy

Technology has radically changed many traditional sectors

Examples: the platform tripadvisor for holiday and tourism, Alibaba, ebay and amazon for trade, itunes for music, netflix for entertainment, Facebook for all the previous and the content production model, #fintech and #insurtech for financial and insurance services respectively, and crowdfunding as a process and methodology of fundraising.

We are also witnessing another transformation. The democratization of goods and participation are more dominant, stakeholders are engaged most of the times with fewer or no intermediaries at all in service transactions.

“Internet of Value” and traditional goods

The natural (and digital) world is characterized by transactions in goods and services. The goods are either tangible or intangible.

Let’s look at some examples of goods: light, water, services, shares, real estate, works of art, music, etc. Many of these transactions are based on contracts, money transfer through conventional channels, and complex agreements.

Most of these goods cannot be divided into smaller segments, be liquidated, provide profits and benefits to their owners and they are difficult to transfer. There are simpler goods (e.g. music, supermarket reward points, vouchers) that lose their value or do not give potential to the relationship of consumers with the organizations that produce those goods.

What led to the new change

Blockchain technology became widely known through the use of bitcoin. It can be described as a “book” to which anyone or a specific group of users has access in order to “read and write”. It can also be described as an accounting record (general ledger) in which every transaction is recorded, e.g. purchase, sale or transfer. For example, all the records related to the transactions are presented in the transactions of crypto-currencies. Depending on the use scenario, there are several types of blockchain and decentralized ‘Ledgers’ (DLTs) technologies: a) Open blockchain which allows everyone, according to their contribution, to read and write in this book, b) Enterprise blockchain or DLTs (Distribuled Ledger Technologies). These technologies can be used by organizations to simplify and support processes such as monitoring the supply chain from the beginning of the manufacture of a product and raw materials, and c) Hybrid: some of their parts are available, some are not.

The new asset management model is affected by blockchain / DLT technologies in market segments that do not necessarily relate to banking environments.

We have two main cases:

1. Crypto / alternative currencies based on blockchain technologies

2. The use of blockchain technology in a number of cases in sectors of the Economy as infrastructure

A key component of blockchain technology is tokens.

The token as the structural component of a trillion euro digital economy market

The token can be described as a digital asset. It is a key that uniquely certifies that the person who owns it is also the owner of a value. Tokens can be supported / assigned to tangible assets that can be used by their owners or consumed against a service product or platform. They can be used as internal units for the purchase of goods / services within a system. A token can be represented in all of the above blockchain types and can be used / available through a suitable market place.

Participation in such a process involves the purchase of tokens using a fiat currency (e.g. euro) or a compatible cryptocurrency (e.g. bitcoin, ethereum). It may be a unit of value that corresponds to a tangible asset. Tokens are available on a distributed blockchain base in order to enable transparency, transaction authentication and monitoring by the community of users or any interested party. To achieve all this, standards are followed, where applicable, to provide exchangeability or interoperability characteristics. The most common technical standard is ERC 20 of the platform ethereum.

For example, a token may represent a digital currency, square meters of a property, 1% of an expensive painting, etc. The application of tokens to economy sectors expands the ability of financing and supporting assets that are not marketable and their owners. It also provides flexibility to acquiring them, since an investor or supporter can buy a small fraction of the asset and then exchange it.

You can also read:

  • Tokens — a gentle intoduction
  • Vitalik Buterin on Public and private blockchains

An asset that turns into…token(s)

The conversion of a digital asset into a token is said to resemble the classic process and the rationale of issuing securities with a technological differentiation of the process.

However, the differences are significant (Technological escalation due to the nature of the technology, massive participation and transactions, etc.).

The following examples of tangible or intangible assets could be represented as tokens:

  • Using tokens can run a decentralized p2p crowdfunding ICO (Initial coin offering) process. Read more on investopedia and wikipedia
  • Use as an alternative — digital currency for domestic — extended transaction networks (e.g., suppliers, customers etc.)
  • Points — loyalty — vouchers — tickets
  • Every transaction — service contract
  • Shares (a share or a fraction of a share)
  • Square meters of a property
  • Property share in a photovoltaic park
  • Patents, Intellectual Property
  • Transfer of ownership or rights
  • 10% of an expensive collection of works of art
  • Daily or hourly use of a car
  • Software — discount vouchers
  • API keys for access to platforms by developers and development of value-added services.

Value for organizations

There are plenty of reasons why the use of tokens can transform traditional sectors of economy:

  • Powerful brands have the potential to REALLY get consumers involved and enhance business processes by receiving funding
  • Start ups or established companies can fund the implementation of a business plan related to its performance
  • Conversion of traditional assets into liquid, exchangeable and tradable assets.
  • Transparency in transactions — accountability
  • Minimising bureaucracy

We are gradually moving from mediation platforms and centralized marketplaces to decentralized value exchange networks based on digital representations of real-world assets and the use of digital representations in the form of tokens and blockchain technology.

All of this is interesting in many ways..

  • Big vendors are engaged in technology and provide enterprise solutions and platforms for the development of services based on blockchain (e.g. IMB — Microsoft).
  • There are a few examples in public sector, e.g. Ukraine and the auctions and
  • Well-known platforms utilize blockchain technology
  • Cryptocurrencies (see Coinmarket Cap)
  • Quorum, JP Morgan open source blockchain based on ethereum


All of the above, as well as the transition to the “economy of tokens”, result in institutional, legal, operational and technological challenges as well as questions regarding the correct use of tokens and their owners’ awareness.

It requires the use of appropriate infrastructure and combined know-how (legal, economic and certainly technological..).

We are open to such cooperation and we implement related platforms and initiatives:

  • We believe in the dissemination of blockchain / DLTs technology and the added value it will have for public and private sector bodies and organizations. It is the subject of all innovation actions Briefly, through the process of crowdhackathon we have encouraged the development of applications based on blockchain technologies, e.g. insurance and contracts, smart cities and charge for water consumption.
  • We have provided mentoring support to startups wishing to enter this field by providing value-added services.
  • We implement block chain based services as part of the digital transformation strategy for large organizations.

.. There is more to be announced shortly!

image credit

Updates from the Dev Cave: What Do We Mean by “Data Sovereignty?”

On yesterday’s livestream and AMA, CEO and architect Arie Trouw brought up the idea of data sovereignty. What exactly does that mean, in the context of XYO?

Traditionally, data sovereignty refers to the idea that when data is collected, the collector needs to follow the laws of the region they’re collecting data from. This is where issues like GDPR come into play — a US company is bound by EU laws when it comes to data they collect or store within the EU. This can become complicated when applied to blockchain projects, where data is by definition decentralized.

When we talk about data sovereignty, however, we want something more. We think that the individual — you — should have knowledge of and control over where, when, and how data you provide is collected, used, and monetized. As Arie says, we think of sovereignty in the sense of owning your own castle and being the sovereign ruler of your data. This is one of the cornerstones of XYO — when you provide useful data, you should be the one rewarded for it! Similarly, we want you to have control over the data you provide to XYO, and how it’s linked to you and your devices.

Here are some of the ways we approach data in order to keep you in control:

  • All nodes in the network are rewarded for providing useful data. If your Sentinel or Bridge provides information that’s used to answer a request, if your Archivist stores that information, or if your Diviner calculates the answer, you’ll receive part of the XYO that was paid to make the request. In a centralized system like Google’s, you’re providing valuable information when you use their services, but Google reaps the rewards when it sells that information to advertisers.
  • You can control what information you provide and how it’s linked to you. At any time, you can reset the Proof of Origin Chain on your Sentinels or Bridges. From the point of view of an outside observer, it’s no different than if you’d destroyed your devices and replaced them. By providing more information, through a longer Proof of Origin Chain, you’re more likely to be rewarded. By resetting your Proof of Origin Chain, you’re de-linking previous interactions from your current and future interactions, which makes the data you provide less likely to be used and thus rewarded.
  • Unlike some other platforms, we don’t work off of a pooled Proof of Work mechanism. You’re rewarded for the data you and your devices provide, rather than for being part of a mining pool that shares rewards.

Ultimately, we feel that the most successful economies are ones that give the most control to their participants. That’s how we’re approaching every aspect of development, from the reward structure to governance to issues like data sovereignty. By giving you control, we’ll all be more successful.

Johnny Kolasinski
Head of Community
XYO Network

Light Dragon Food Dating Agency Strikes Again!

Cutieneers, they did it again.

One of the hardest bear tribute cuties was discovered yesterday by the titans of breeding Dragon Food and Light.

Tribute cuties are unique looking pets hidden in the game. Only a specific combination of genes can get you one in the process of breeding. You can view all the tribute cuties discovered in the game here.

This tribute was inspired by a loud and obnoxious bear with a good heart — Ted.

Who is Ted?

Ted is a character in the same named comedy. He is a teddy bear who has come to life because his owner needed a friend. It all sounds peachy until you realize that both the boy and the bear grow up and have to face adult life together. This movie is all about friendship and the struggle to keep a little bit of magic in a “responsible grownup’s” life.

In Blockchain Cuties Ted is represented by this adorable furball:

🐻1st Ted🐻 by Light

Ted has a unique appearance and a special golden attribute:

He was born to this flower-loving couple:

The agency has not only discovered Ted, but also replicated him almost immediately.

Ted now has three nerdy children and a his own Ted to keep him company:

Congratulations to Light and Dragon Food!

TwentySeven Energy Platformu.

Birçok hükümet geçmişte bu tür ödemeler için önemli teşvikler sunarken, zaman içerisinde çoğu kesilmeye başlandı. TwentySeven Enerjisinin yatırımları ile bunun halkın elektrik ihtiyacına yayılımında yapılan özel antlaşmaları smart contract ile birleştirme fikri insanların dikkatini çekiyor. Tesisin geri ödeme süresini azaltmak ve enerji maliyetlerini azaltmak için TwentySeven Enerjisinde Tokenlerin digital coin platformlarında ki değiş tokuşu firmaya elstra bir güç sağlıyor. 20'den fazla ülkede TwentySeven bağlantıları kuruldu bu bağlantılar hem digital platformlarda destek sağlayacak hemde o ülkeler aynı zamanda twentyseven ‘in gelişmesi için foğal bir ortam sağlayacak bu organizasyonlar güneş enerjisi tüketimini hızlandırmak için hem token tanıtım proje tanıtım daha fazla yatırım olanağı sağlayacağı gibi elektrik sözleşmesinde smart kontrat kullanılması için pilot bölgeler oluşturacak.TwentySeven Enerji şirketi, mevcut ağ altyapısı ile enerji aktarmak için yerel enerji pazarları yaratan blockchain teknolojisi ve veri erişim platformunu geliştirme çalışmalarına başladı. İnnovatif ürünler için departmanları ve mühendisleri çalışıyor.TwentySeven Energy Platfrorm, ağ bağlantılı elektrikli araçlara bağlanarak oluşturulan “sanal enerji santralleri” oluşturmak için Dağıtılmış Kayıt Teknolojisini (DLT) kullanmayı planlıyor.Bir nevi mobil enerji kaynağı sistemi.Bundan sonra, bu depolanan enerji kapasiteyi aştığında kullanılabilir. Enerji27 Platformu olarak, hem yatırımcılar hem de güneş enerjisi pazarındaki engelleri kaldırmayı hedefliyoruz.

Güneş enerjisi sistemleri hava kirletici veya karbondioksit üretmez. Güneş panelleri elektrik ürettiğinde, havaya zararlı emisyon salmaz. Bir güneş paneli kurmak pahalı olabilir ve TwentySeven Energy platformu bunun için geri ödeme süresini azaltmaya yardımcı olur. TWS Token sektörde kabul görmüş ve saygın bir isim haline geldi; Güneş panelleri de dahil olmak üzere yenilenebilir enerji kaynaklarının yaygın olarak kullanılmasının bir sonucu olarak, mevcut güç kaynağı sistemi, üretim türünü geleneksel yoğun üretimden kendi kendine yeten dağıtım sistemine değiştirmiştir. Gelecekte, elektrik muhtemelen doğrudan özel platformlarla tüketicilere sağlanacaktır. TwentySeven Energy, Internet’te uzmanlaşmış
Şeylerin (IoT). TWS, blok zincirinin şarj istasyonlarını yönetmedeki kullanımını araştıracak.Nesnesel internet gelecekteki hayatımızın bir parçası.
Bazı blockchain girişimleri bu modeli aldı ve çok daha yüksek bir seviyeye ölçeklendirdi. Örneğin, TwentySeven Enerji, doğrudan blok zincirinde bir depolama, değişim ve kullanım ağı sunarak enerji şirketlerine duyulan ihtiyacı ortadan kaldıran benzer bir mimari inşa ediyor. Şirketin sistemi, kullanıcıların kendi enerjilerini oluşturmalarını, kullanmalarını ve saklamalarını sağlamak için güneş panelleriyle birlikte akıllı enerji depolama pilleri kullanır. Daha da önemlisi, TwentySeven Platform’un pazar alanı, kullanıcıların güç tekellerini tamamen atlamasına izin veriyor. Çekirdeğindeki Blockchain ayrıca mevcut sistemlerde daha fazla şeffaflık yaratılmasına yardımcı olur.

TWS Platformu, yenilenebilir enerji çabaları için değerli bir araç sunmaktadır.

Web address :

❗️Social Medias:

Energy27 (TWS) links:

❗️Official Website:

❗️Official Twitter :

❗️Official Medium:

Can Blockchain Empower Local Real Estate Developers in Telangana?

Meet Mr. Daha. He’s been running a small scale local real estate development company in the Ramagundam district of Telangana for the past 15 years. Like most other developers, Mr. Daha has aspirations to take on large commercial or public works projects for his district and be a part of developing local infrastructure. However, despite having 15 years of real estate development experience under his belt, he is unable to get any large-scale projects in his portfolio and contribute to local development.

The real estate stats for Telangana tell us a different story. Telangana has been seeing steady growth in the real estate sector due to the political stability it gained in 2014 when it separated from Andhra Pradesh after a long period of instability and uncertainty. Proactive government policy and a large number of infrastructural development projects have boosted the real estate market. Among India’s seven major cities, Hyderabad is the only one where property sales have grown by an average of 32% from 2013 to 2017, according to property consultants Anarock.

Growth Trend

Telangana real estate was barely affected by demonetization and GST implementation, whereas the sale of residential and commercial units across the country fell drastically. As a result of policies like Telangana State Industrial Project Approval and Self-certification System (TS-iPASS) Act in 2014 that provides clearances to projects within 15–30 days, Telangana has become a hot spot for start-ups and MNC’s.

Clearly, there is ample demand for developers to take on projects and a supportive environment for them to thrive. So why is Mr. Daha unable to get his piece of the cake?

As a result of only being able to take on small scale projects, Mr. Daha does not have the money to afford political connections neither does he have a distant relative in a public office somewhere to get large projects pushed his way.

Out of the control of Mr. Daha’s hands, there are many inherent problems the Telangana real estate faces as an industry which restricts the growth of small and medium scale developers like Mr. Daha.

Speed bumps along the way

The inclusion of middle and lower class– Investment opportunities are primarily accessible to the wealthy or politically connected. Prospects for the middle and lower class are limited based on income, affordability, and availability.

Financial restrictions on developers– The standard procedure to access or accept funds domestically or internationally is complex and regulatory requirements cause hindrance for developers to undertake larger projects and gain access to FDI.

The illiquidity of assets– It may be difficult to make an immediate sale at any given instance due to unavailability of credible buyers or unavailability of buyers who can afford the property and so on.

The rise of Amaravati– The noisy new neighbor could potentially drive investments away from Telangana.

How can Telangana empower Mr. Daha and overcome the challenges above simultaneously?

The answer is simple, Blockchain. Some applications of this distributed ledger technology (DLT) will allow Telangana to bring inclusivity to all the stakeholders involved in a real estate transaction, at the same time empowering its small and medium scale real estate developers.

Some Applications in Real Estate

Let’s use a live example for clarity. Relex Development is a Blockchain-based real estate development company which runs a real estate investment platform with the goal of streamlining FDI into emerging economies. Now hypothetically, if Mr.Daha uses this investment platforms services for his projects, let’s look at how he could come off better.

Mr.Daha requires funds to build a large Govt school in his district but getting funds from the Govt would be time-consuming as the proposal may have to go through multiple levels of bureaucracy. Now, if Mr.Daha lists the project on the Relex development investment platform, he can skip all the red tape and directly source funds from global investors with ease and confidence as transactions are easily traceable and transparent using RLX tokens.

The RLX tokens are tradable for USD. It allows its holders to invest in projects in the development phase and rewards them in return with passive income, equity stakes or proxy ownership of the property. Blockchain technology enables the creation of these Token-based investments that allow fractional ownership of assets to drive investment from investors of all income ranges and bring inclusivity to the industry. It not only solves problems of illiquidity of assets by creating digital assets called tokens but also allows these tokens to be traded as and when the investor pleases.

Mr.Daha could even automate the management of the property using smart contracts. For example, digital leases which automatically make payments and service charges with a full audit trail, no human error, and reduced transaction fees.

Applications of Blockchain technology like Token-based investments are a promising opportunity for the Telangana government as it is closely in line with their growth strategy. Ease of raising capital for real estate projects will see the economy flourish as the inflow of FDI will strengthen the economy further, and the Mr. Daha’s of Telangana can take on large projects which will add to the infrastructure of the state.

4 great reasons blockchain and crypto are here to stay…

Blockchain and crypto are divisive topics. Some cast their doubts, others see incredible opportunities for decentralized networks that will reshape societies from both an economic and political perspective. No one would deny that volatility has been a steady part of the journey and sceptics would say this is natural selection, picking off the weak and allowing superiority to lead the way. Many are now waiting with bated breath to see successful blockchain use cases and a steadier crypto market before making the next move. However, there are also those that not only believe in the vision, but want to play a leading role in the movement.

Optimism within the crypto community is something we have spoken about previously and we at WOM want to carry on the theme with more great examples of why crypto and blockchain technology are not only here to stay, but consistently improving and challenging society.

  1. Teambrella

Have you ever been disappointed with your insurance company? Chances are, most people have been short-changed by their insurance company. You either haven’t been a member long enough, you are “too young” to suffer from anxiety or perhaps the wheels to your automobile are seen as “accessories”. Whatever the reason, insurance companies are consistently trying to get out of paying you the money you are entitled to

At Teambrella, they have thought of a solution. The technology is broken down into teams with any number of people involved in each. When a claim is to be made, you can log on and ask the team for your desired amount. Depending on whether the claim is genuine, the team then choose to vote. It will be your team that end up paying.

Claiming works on a karma basis, “Treat others the way you would like to be treated.” The platform is essentially based on empathy between customers, cutting out the middleman completely and coverage can be made from anything like bikes, pets or cars.

2. Steemit

With Reddit being one of the most popular sites on the internet today, it only makes perfect sense that the crypto world has caught onto this. Steemit looks and functions very much like our friend Reddit. However, Steemit pays both the content creator for creating great content as well as any curator who upvotes other content made by others. Steem is the name of cryptocurrency used which can then be used to exchange for real money.

Everyday, new Steemit currency units are created by the network which get evenly distributed between the community and those who engage most on the site. It is pretty simple. The more you engage, the more you earn. And the best part about it is it’s free to get started.

With social media and influencer marketing receiving negative press over the past year, Steemit is giving people the power to earn real currency with their content which can only help encourage a more authentic environment in content creation.

3. EOS Knights

As one of the highest ranked gaming apps on Dappradar, EOS Knights has made quite an impact. Anyone who is familiar with the ‘Final Fantasy’ series will see some similarities with this RPG (role play game) blockchain app. Players travel across the universe, battle different monsters and earn points to buy new armour, materials, weapons and even pets.

Gaming has become a super popular segment of blockchain technology but what sets this one apart from the rest is that the user can earn real EOS cryptocurrency for selling their virtual items. And with its growing popularity and number of transactions made, this could set the standard for all other blockchain gaming facilities.

4. Worldopo

Augmented reality has given us some unique visions on how we can bridge between the real and the virtual. Now, here comes an airminer you can use in your own town. Using this app, you can mine and trade real cryptocurrency coins and with these, you can buy any street in your neighbourhood. With two main roles as a sourcer or a miner, you can earn crypto in a new world simulated with urban construction.

Now, you might be thinking what’s so special about this? Soon the app will be introducing AR advertisements and with hot property popular streets currently being bought by users, marketeers could end up paying a small fortune for your street.

Blockchain and crypto are both taking huge technological steps down so many different avenues. I hope this article helps provide a glimpse into just some of these potential new realms of discovery.

[Airdrop and Ranking Campaign for BLOCK trading on FEX EXCHANGE]

FEX trading platform Listing BLOCK token! Celebration events are launching during March 4, 2019 and March 15, 2019, 100,000 BLOCK tokens are waiting for you!

[Trading campaign]

Block token trading reward campaign

Time: March 4, 2019 00:00 (GMT+8) — — March 10, 2019 24:00 (GMT+8)

During the event, you can get a random amount of airdrop by accumulated trading of 100 BLOCK tokens, up to 50 block tokens can be obtained in the airdrop, and this event will continue until 1,000 block tokens are delivered.

The same ID account can only get one airdrop, which is subject to the exchange transaction record.

This campaign will be running until all 100,000 block tokens are sent out.

[Ranking campaign]

Time: March 4, 2019 00:00 (GMT+8) — — March 15, 2019 24:00 (GMT+8)

The TOP 10 cumulative transactions for the Block/BTC trading during the event

NO.1 get 500 BLOCK tokens

NO.2 get 500 BLOCK tokens

NO.3 get 100 BLOCK tokens

NO.4 — NO.6 get 50 BLOCK tokens

№7 — NO.10 get 10 BLOCK tokens


1. FEX trading platform will strictly investigate in the cheating cations such as repeat account, fake account, sub-account, self-selling, and asset transfer maliciously. FEX platform will not send out the rewards to those who involve in the above situations.

2.FEX will sent out all the rewards after the events within 7 working days

3. FEX has the final explain right for these campaign events.

FEX platform community






Tip: Digital currency is an investment method of high risk, please be careful in purchasing, and pay attention to the risks, hope you enjoy trading!

Anti-Skycoin Paid-FUD Exposed!

Skycoin is a comprehensive blockchain ecosystem that makes many other cryptos obsolete, which means the project attracts a constant stream of FUD from rival platforms that view Skycoin as a threat.

In June 2018, a Twitter user going by the name of “Jared Dunn” posted an audio recording supposedly revealing the CEO of Skycoin talking about a private insider trading group. The post was shared widely on social media. As the story evolved, there were also claims that the SEC was investigating Skycoin. Dozens of media outlets ran with the story, claiming Skycoin’s CEO was under investigation by the SEC for insider trading.

Of course, as with all Skycoin FUD, the entire story was a fabrication.

Firstly, Skycoin doesn’t have a CEO. Skycoin is a blockchain ecosystem, not a traditional company. There is no CEO to investigate.

Secondly, insider trading refers to the trading of a public company’s stock by individuals with access to non-public information.

Insider trading doesn’t apply to the unregulated global cryptocurrency market, and the USA-based SEC has no authority or interest in investigating such matters, even if the allegations were true, which they were not.

The audio clip in question was originally posted by Skycoin developer Synth, in the public Skycoin Telegram group. It was one of a series of audio clips and text messages in which Synth was joking with other community members. The context in which the clip was first posted can be seen by visiting the main Skycoin Telegram channel, where the discussion remains in the chat history.

This is a direct link to the original clip.

A screenshot from Telegram is shown to the left. Synth posts “/s” immediately after the clip (the 01:52 clip half way down the screenshot). This is internet shorthand for “sarcasm”.

Other community members also post “/s” and laugh along with the obvious joke.

This audio clip was then taken out of context by “Jared Dunn” and the speed was slowed down, with a reverberation effect added to make it sound sinister.

By comparing the original audio with the version posted by “Jared Dunn” in his Twitter post, it’s obvious that the clip was edited for nefarious reasons.

The “insider trading” group that Synth joked about in the clip was simply a public Telegram channel dedicated to trading and price discussion. The Skycoin administrators discourage price and trading talk in the main Skycoin Telegram channel, which is intended for more general discussion about the project, and there is a separate Skycoin Trading channel for users who wish to discuss coin prices.

There was never any insider trading. There was an inside joke, which was taken out of context and manipulated by the fudders as part of their eternal crusade to attack the Skycoin project, because they regard Skycoin as a threat to whatever token or fork they’ve invested in.

The Twitter account of “Jared Dunn” appears to be promoting PiedPiperCoin, and he also appears to be on friendly terms with the Substratum project, as illustrated by this tweet.

In February 2019, a user on Reddit, ZoranSlaveski, posted this thread in which he lamented that he had lost 94% of his capital (more than $100K) by investing in Substratum tokens.

Even more interesting were his revelations within the thread comments that he had also been part of a secret Substratum “paid FUD group” that conspired to continuously attack the Skycoin project on Reddit, Twitter, 4Chan, and even on Skycoin’s own Telegram channels.

The existence of this fud group was also confirmed by Twitter user Brian Li.

A search through ZoranSlaveski’s Reddit history indeed confirms that he had been fudding Skycoin months before. ZoranSlaveski also revealed that his group was responsible for fabricating the insider trading story.

On 27 Feb 2019, an hour after his FUD was exposed on Twitter, “Jared Dunn” deleted his Twitter account. For a limited time, his Twitter account will still be available on Google Cache.

References to his original defamatory tweet about Skycoin still exist all over the Internet, because his false allegations were widely reported by the media.

It’s likely that “Jared Dunn” deleted his Twitter account because he feared the legal repercussions that might now result from his libelous tweet.

Crypto Zombie discusses the Substratum FUD group in the YouTube video below.

Tokenlend — crypto funds in real economy

The Problem With The Traditional Banking System

In the traditional banking system, secured loans have been a cause of concern for both — the loan seekers and the investors. The loan seekers have to go through the long drawn and tedious process of documentation before they can avail the loan. One slight fault in the documents, and the entire loan process gets disrupted. Even with all these documentations, the loan seekers run the risk of getting rejected for their application. International investors have also complaint about the lack of a universal, decentralized currency for the loan transactions, which results in an uneven margin of interest they receive on their investments. The government intrusion with their complex taxation policies have made the entire process of loan transactions complicated and ineffective. In the world, where international business transactions have become a norm, there is no reason for loan seekers and contributors to operate under an archaic, red-tape ridden system.

Tokenlend: The Solution

Tokenlend has come forward as the solution to all these problems. Being a blockchain technology based system, Tokenlend provides a decentralized platform for all the loan transactions. The loan seekers no longer have to worry about going through the complicated documentation process to get their loans sanctioned.

The democratic nature of the blockchain technology makes it possible for anyone to get loans against a particular mortgage. Tokenlend has made the loan market accessible for all; beyond international boundaries and socio-political constraints. For international contributors, safety of their investment is a major issue. Since Tokenlend uses smart contracts for the transactions, the contributor’s investment remains secure with the platform.

The contributors can enjoy even profits against their investments as the platform functions in a universal currency, solving the problem of uneven margins of interest. In this article, we will take a comprehensive look at how Tokenlend makes the loan market universally accessible with fewer risks and higher profits.

How Tokenlend functions?

Tokenlend works as a reliable decentralized ecosystem for all loan transactions. The key advantages of this loan transaction system are:

  • It provides an open market for all loan seekers.
  • A smoothness in loan transaction by reducing the obstacle of red tapism and complicated taxation policies.
  • Contributors receive consistent return on investments through smart contracts.
  • The safety and reliability of a completely decentralized system.

Let’s take an in-depth look at these advantages through the perspective of both loan seekers and contributors.

1. Initial Coin Offering

The entire process begins with the Initial Coin Offering campaign where the TLN Tokens will be put out for sale. The users who buy these tokens will receive an exclusive membership on the Tokenlend P2P platform. Using this membership, users will have the power to invest funds from their account into any of the available loan listed on the Tokenlend P2P platform. Not only that, the token holders will also receive a fixed share of the company’s profits from all its operations including lending, currency conversion, funds withdrawal, loan listing, etc. The fact that the token holders receive fixed profits on a regular basis makes it ideal for the users to buy the tokens. The Initial Coin Offering campaign sparks of processes that ensure a smooth and legitimate loan transaction.

Side Note: The TLN Tokens can also be traded outside of the Tokenlend platform as they are ERC-20 Tokens, which means they have an inherent value on exchanges. This gives the users a flexibility to use the TLN Tokens according to their will.

2. Creating the Tokenlend P2P platform

In the second stage, the loan originators will provide opportunities for users to invest and receive a consistent return on investment. In this stage, Tokenlend only accepts loan opportunities from trusted EU loan originators. This decentralized legal entity provides a sense of safety and trust in the whole transaction.

In addition to this, Tokenlend professionals validate the information received by the loan originators by checking their personal details, pledge information, appraisals, and LTV ratio. Tokenlend has a stringent loan selection criteria, and only the loans that can meet this criteria will be listed on the platform. In the system of loan transactions, a sense of trust is essential. For legitimate loan seekers, the Tokenlend loan selection criteria will be hassle free and smooth; nothing more than a slight formality. No lengthy documents will be required for the same. The criteria only ensures that the loan transaction process starts off in a legitimate and reliable manner.

In the end of this process, the loan smart contracts are created and the loans are published onto the platform.

3. Loan Participation Notes(LPN)

In the third stage, the users purchase the Loan Participation Notes for a particular loan. The purchasing is done through Lend Coins (TLN Tokens) that are offered in the ICO stage(see above.) The users can transfer a desired amount of TLN to a loan address. The LPN is instantly linked to the user’s Ethereum wallet address as the beneficiary of the interest payments.

After that, the Loan Smart Contract generates the LPN Contract with a principal value, same as the amount transferred by the user. In the Tokenlend system a personal repayment schedule is also created based on the loan terms.

This makes it easier for the user to invest in a loan, and the loan seekers receive the investments based on their credibility and loan terms.

4. Repayment

Finally, the time comes for the loan originator to send interest payments or principal repayments according to the smart contract schedule. After the last transaction by the loan originator is completed, the LPN contract closes the repayment schedule, and sends the interest along with the remaining TLN principal to the associated amount. After this, the loan is considered close.

The users receive their desired profits, and the loan seekers transaction is completed without the intrusion of middlemen or government bodies. The legitimacy provided by smart contracts and Tokenlend professionals makes the process smooth, secure and fool-proof.

Key features of Tokenlend

1. Decentralized Architecture

Over the last couple of years, the European P2P lending market has been growing at a significant rate, and business analysts believe that major European nations will greatly benefit from these common lending platforms.

Tokenlend is the frontrunner in providing a universally accessible, decentralized lending platform. In the international finance landscape, users are looking to invest on proposals that guarantee a consistent return on investments. On the other hand, loan seekers look for platforms with a simple and user-friendly system to get loans for their businesses. The problem lies in getting these two parties under the same roof, so to speak.

Tokenlend does exactly that — providing an effective platform to bring the contributors and loan seekers together for their mutual benefit.

For the loan originators, the P2P lending platform is a modern and effective alternative to the traditional banking system. Only ignorance can be the reason for loan seekers to still look towards government bodies and financial institutions for loans.

The blockchain technology has made the loan lending system an ideal one; just like it has done with all the other financial domains.

2. Secondary Market

One of the main features of Tokenlend is the existence of an LPN market, that will enable the users to trade ongoing investments for immediate liquidity. The users can convert their cryptocurrency into fiat currency any time they like. This means that the Tokenlend P2P lending market acts as a great investment opportunity for users across the globe. The fact that there is virtually no risk involved(due to Ethereum smart contracts and the legal decentralized system), and the guarantee of fixed profit margin makes it a win/win for the contributors.

3. User friendly System

Tokenlend provides a user friendly system for loan transactions. Due to the blockchain technology, the need for excessive documents, unnecessary middlemen, and government intrusion has been negated. This has benefited both the loan originator and the contributors. To carry out the loan transaction, all they have to do is follow the simple process mentioned above and they are sorted.

Smart contracts

Smart contract is a self executing Ethereum based system that makes the Tokenlend platform credible. Using smart contracts, the transaction happens in an automated form when there’s a consensus between the parties involved in the transaction. For example, if a user were to contribute a certain amount to a loan originator, the user will receive the return on the amount regularly under the smart contract. The loan originator can be a part of the smart contract only if they are eligible for the transaction.

This means that the smart contact serves as a trust factor between the two parties. The smart contract has been created in such a way that no party can breach the contract, even if they wanted to.

Advantages of Smart Contracts:

  • Smart Contracts are built on digital coding environment.
  • Ethereum is the most powerful cryptocurrency which is linked with Smart Contracts.
  • Smart contracts are self-executing agreements.
  • While traditional agreements face breach and violations, Smart Contracts form agreements which are secured and free from infringement.

Difference between Smart Contract and Traditional Contracts

The easiest method to understand Smart Contracts is by comparing it to the technology similar to that used in a vending machine. With the smart contracts, all you need to do is simply transfer a cryptocurrency to the vending machine. Your Escrow account directly attaches to the cryptocurrency which is transferred to the system. Smart Contracts specifies transparent rules which rolls around the agreement.T he biggest difference between a traditional contract and smart contract is that smart contracts enforce the stated obligations.

  • Tokens-The Tokens are managed by Smart Contracts.These are the fundable amenities which comes with the authentication of Ethereum Blockchain Network.
  • ERC-20-The ERC-20 is again a well-built interface which guarantees flexibility and authenticity between tokens.The ERC-20 is the division of Ethereum tokens.

Why You Should Contribute to TokenLend ICO

Real estate investments are tangible investments while funds and bonds are intangible ones. The problem with intangible investment is that it most certainly suffers from depreciation. Secured real estate investments provides the advantage of appreciation with time. TokenLend only deals with secured real estate investments. Loan seekers or investors should contribute to TokenLend ICO because of the following reasons.

  1. Contributors will be able to check status of their funds with their ESCROW accounts.
  2. TokenLend ICO investors will avail more liquidity.
  3. The individuals will get Immediate access to the “Tokens” having capital growth potentials.
  4. All the investors are part of the community.
  5. Contributors get an edge to deploy capital.
  6. Returns on investments in ICOs could be 100%.
  7. Contributors will always have the an alternative financial asset.
  8. Real-Estate is a tangible investment, the contributors can check the capital growth.

How to Invest

TokenLend gives the ability to easily borrow money in the form of ether from any possible location, including the remote locations with a dearth of banking facilities. Individuals using the cryptocurrency platform will be able to enter into Ether based transactions. It means that an ETH account is more than enough to make secure transactions.

Investment in TokenLend Platform is easy and involves the following steps.

  • A new loan is added to the dashboard by the loan originator.
  • A Loan Smart Contract is created once the loan details are verified by the platform personnel.
  • In succession of the above the Loan Participation Notes are purchased for a specified loan amount.
  • Then the TLN amount is transferred to the Loan Address.
  • An LPN contract along with a principal value equivalent to the TLN amount is generated by the Smart Contract.
  • The transferred TLN amount carried out by the users is accompanied by a repayment schedule which is created on the basis of timestamp of the LPN and the term of loan.
  • The LPNs are now joined to the ETH wallets of the users for further interest payments.
  • Now the amount of TLN that users receive is directly transferred to the account of the Loan Originator.
  • The loan originator transfers the repayments and interest to the platform. The interest payments are done as per the Loan Smart Contract schedule.
  • As the LPN contract ends according to the repayment schedule, the TLN principal amount along with the interests is delivered.
  • When the Loan amount is fulfilled, the ETH wallet linked to the LPN is removed. The LPN contract is now considered accomplished.


The loan originators generally offer 10–15% rate of interest to the borrower seeking real estate loans. Moreover they are flexible enough to accept funds from a source offering 5–8% rate of interest. This is when TokenLend comes in front and takes a lead offering a secure link between both the parties involved. Subsequently the TokenLend Platform users have the freedom to freely access contribution opportunities. On the other hand the Loan originators have the right to access various economical funds also. TokenLend ecosystem is devised to offer flexible fund investment opportunities both for originators and investors.Based on the exact worth of Loan portfolio, pricing and fees will be determined. The idea is to make the Loan ecosystem possible for all individuals, lenders and contributors.

TokenLend ICO Official

Official discussion about TokenLend platform and upcoming ICO.

The CREDITS platform completed pre-ICO stage ahead of the scheduled time by collecting the hard cap in the amount of $3 000 000 USD.

Happy to announce that CREDITS has completed pre-ICO: the hard cap in the amount of $3 000 000 was reached 5 days earlier than planned.

-Thank you all for your enthusiasm and support! — our CEO Igor Tschugunov expresses his gratitude. -We have collected enough funds to actively develop the CREDITS platform according to the road map of our project. In the nearest future we have an ICO in February 2018. The acceptable fundraising limit is 20 million dollars. This is a reasonable amount to implement such a large-scale idea.

Early closing of pre-ICO clearly showed that the project is appealing to people from all over the world. Alas, our tokens have not been caught by all persons interested!

-I try to buy your currency, and the transactions do not pass. What should I do? -Similar messages were coming to our personal mail as soon as we had completed the fundraising on the 26th.

Now we answer all those who wanted, but did not have time to contribute. At your request we started to form a White list. In order to comply with the international rules on combating crime and money laundering, the contributions will need to undergo a standard KYC (know your customer) procedure. A personal cabinet will be soon launched on the project website to accomplish that.

Keep your eyes open, the hype is so big that not everyone will be able to contribute.

The project team is actively preparing to launch the ICO and reminds the basic conditions:

Date of the ICO February 1-February 28, 2018

Total number of CS is 1 000 000 000 tokens

Token exchange rate is 1 ETH = 5000 CS (credits)

To purchase CS tokens, you must apply to our Whitelist and undergo the KYC (know your customer) procedure.