bitGuru Investment Fund Update – New Investments and Screenshots

Just an update on the live cryptocurrency investment fund. Just an overview of what purchases we have made and what the next investments we are planning will be.

Most recent Investment

We managed to purchase QKC at $0.20 and purchased 10,000 costing us a total of $2,000. The price has fluctuated between $0.18 and $0.26 throughout the day, so we got in at the lower end of the scale. Binance announced they would be listing QuarkChain not long after the ICO concluded which came as huge news. However, they ended up suspending trading temporarily as there was not enough deposits of QKC to go ahed with trading.

The price shot up shortly after we purchased QKC, so we put a buy order in for another 5,000 QKC again at $0.20… The price then dipped so we added another 5,000 to our investment fund. This made the total investment in QKC $3,000.

Next Investments

Our next guaranteed investment will be Fantom, the project has a lot of hype and has already raised $37.85 million in their private sale. Whitelisting opens 8th June, 2018 at 9am GMT. See the full whitelist guide here.

Fantom is a new project looking to utilise a DAG-Chain (Directed Acylic Graph), and is looking to be the world’s first DAG based smart contract platform that solves the issue of scalability and confirmation time of the existing blockchain technology. IOTA is somewhat of a DAG-chain project although IOTA does use a Proof of Work system so is not fully DAG.

Fantom will only actually be selling $2million worth of tokens during their public sale and the max contribution will be 1.5 ETH. We will certainly be investing in this and looking to review other options.

Potential Investments

nOS

“nOS is the Virtual Operating System for a new, transparent internet. Powered by the NEO Smart Economy.”

NEP5 tokens have really taken the crypto world by storm this year and the smart economy looks to be expanding in a really positive direction. nOS is going to be a new internet browser which will run on the NEO blockchain. There have not been many projects like this yet. One of the major issues with browsers today is they are powered for the benefit of a few major companies; Google, Amazon, Facebook etc. In which your data is sold to companies and you are displayed adverts that you may or may not want, or require, based on this data.

nOS does have direct competition from New Kind of Network (NKN), both will run on the NEO blockchain so we may well invest in both.

NNS

Neo Name Service is not actually conducting an ICO, they are in fact distributing tokens via an airdrop at the end of this month,. The project looks good and the product should be working immediately after the airdrop.

Neo Name Service (NNS) is  a decentralised domain name service which will run on the NEO blockchain. In short Neo Name Service will allow users to assign a .neo domain as an alias for their public key. So rather than having a long complicated public key users can send and receive funds to an easy to remember name such as bitguru.neo.

More investments coming soon so join our Telegram channel to follow our portfolio with daily screen shots and potential investments

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Belgian Government Launch Website To Warn Against ‘Fraud With Crypto Coins’

The Belgian government backed website temooiomwaartezijn.be has been launched in an effort to crack down on crypto scammers.

The website which is run by the Belgian Federal Public Service Economy and the Financial Services and Markets Authority features a moving image on the home page with a contrast between ‘quick cash’ and ‘losing everything with corrupted coins’

The site gives the warning ‘if it’s too good to be true, it is too’, warning visitors of the dangers present on the internet ‘Scammers are becoming more inventive and have grown massively on the worldwide web in recent years.’ They warn that victims are too easily lured into the trap of online scammers, and that before making decisions you should always ‘make sure you know who you are dealing with.’

Underneath the warning is a button linking to a dedicated site where users can report online fraud if they’ve been a victim. The button remains present at all times in the top right.

The site then goes on to warn about the potential risks associated with ‘crypto coins’, first offering a brief overview of what crypto coins are:

Crypto coins are the hype of the year. But what are they actually, crypto coins? These are a kind of digital and completely virtual currencies in the form of cryptographic (encrypted) codes. These codes change as transactions take place with the currency. This principle is called ‘blockchain’.

Warning:

Because crooks often use virtual coins. They promise big profits, but lure you into the trap and start walking with your money. And they often seem so reliable, that it is not that difficult. So be sure to check with whom you have to do before you invest in crypto coins.

They offer tips on how to protect yourself such as knowing who you’re dealing with, never share personal information, require clear and understandable information about the offer and to always be wary of promises of excessive profits.

The site serves multiple purposes, not only helping inform the public on the potential dangers of cryptocurrencies, but also provides a resource for the public to report to the authorities any cases where they’ve been a victim of online fraud.

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What is Neo Name Service & NNC Airdrop To NEO Holder

If you are reading this you are either interested in learning about another great NEP5 project, or you want to find out how you can get free coins via the NNC airdrop. Either way, you are going to learn something. Neo Name Service is a project currently being developed by New Econo Lab or NEL for short. But who are New Econo Lab? and what is Neo Name Service?

Who are New Econo Lab?

New Econo Lab (NEL) is the New Economy Laboratory they are a team of developers and web engineers who are working towards improving the NEO smart economy. NEL is in fact the biggest NEO Chinese Community according to their brief description on GitHub.

The co-initiators of NEL are Liu Yongxin and Li Jianying. The team have worked on a range of different NEO based projects and continue to contribute to the NEO smart economy with exciting new developments. Some of their projects include a NEO Wallet, a hardware wallet, a NEO tracker, blockchain based games on the NEO blockchain and now their newest development, Neo Name Service.

Neo Name Service is quite possibly the most exciting projects being developed by New Econo Lab. So what exactly is Neo Name Service?

What is Neo Name Service?

Neo Name Service (NNS) is  a decentralised domain name service which will run on the NEO blockchain. In short Neo Name Service will allow users to assign a .neo domain as an alias for their public key. So rather than having a long complicated public key users can send and receive funds to an easy to remember name such as bitguru.neo.

The domain name will not replace the public key but will rather point to it via a smart contract. In effect your domain name will have your public key associated to it. When the live version of Neo Name Service (NNS) is released, a bidding system will be deployed within the network meaning users will need to purchase domain names. On which NNC will be the native governance token on their platform.

The testnet is ongoing with the mainnet expected to launch on the 27th June. NNS did offer an initial airdrop of NNC tokens, which will be the native token on their platform. The initial airdrop was 50 NNC for anyone who registered a domain name on the testnet, during the dates of 17th May, 2018 – 24th May, 2018. Unfortunately that airdrop has passed… but there is still good news, there will be a second NNC airdrop for NEO holders.

NNS airdrop for NEO holders

All we currently know about the NNS airdrop is that it will occur after the 27th June. NEL announced on Twitter on 6th June, 2018 that they will take a snapshot on 27th June, 2018 once they have completed the NNS contract security testing and have confirmed there are no security loopholes.

NNS plans to airdrop its NNC tokens to NEO holders in the ratio of 1 NEO=0.1 NNC. The snapshots of NEO holdings will be taken on June 27th after the completion of NNS contract testing and no security loopholes are found. NNC will be airdropped within one week after that.

— NewEconoLabs (@NewEconoLab) June 6, 2018

“NNC is the system governance token of NNS and NNC holders can receive domain name auction income in proportion to their holdings.” NNS tokens will be distributed at a rate of 0.1 NNS per NEO. This is very similar to the Ontology (ONT) token distribution, which was also distributed amongst NEO holders. Hopefully NNS tokens perform as well as ONT.

To take part in the NNC airdrop is simple. Just make sure that you have your NEO stored in a NEO wallet in which you own the private keys. For example: NEON wallet, Morpheus wallet, Aphelion wallet, NES wallet.

This project looks like it will be very successful, although it seems like a simple solution, the issue of public keys is a major barrier to mass adoption. Remembering public keys is unrealistic at best, and they can be very confusing. Having the ability to assign a simple .neo domain name will be a huge development for the NEO smart economy as whole.

NNS is without a doubt a project that we will be adding to our bitGuru investment fund, once the tokens are live on exchanges. The token will allow users to receive an income and therefore incentivises users to hold the token. The team behind it have proven their skills with the vast number of projects they have already launched for the NEO community. So there is no doubt they will carry through with this project and make a success of it.

To see what else we are investing in and track our portfolio, join our telegram group.

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Alibabacoin Foundation is organizing their latest event from 15th June to 14th July to give away 50,000,000 ABBC coins to the public

One of the rapidly growing blockchain based company Alibabacoin Foundation is all set to hold their latest event from 15th June to 14th July, through which they’ll be giving away 50,000,000 ABBC coins to the public. Beginning of the event on 15th of June will also mark the launch of their much anticipated multi crypto HD wallet, which is a one of its kind cryptocurrency wallet that can accept 7 types of cryptocurrencies including Bitcoin, Ethereum, Dash, Litecoin, Qtum, Bitcoin Cash, and Ripple. By completing the initial registration process and KYC, the users will also be liable to receive 100 ABBC coins as a bounty bonus.

 

How to Join?

1) Download the multi-crypto wallet and Register for an account with Alibabacoin

2) Verify your email to activate your account

3) All Event-related questions should be sent to support@alibabacoinfoundation.com.

4) KYC is required to be eligible for this event

 

Registration Guide:

1) Visit Alibabacoin’s official website at abbcfoundation.com

2) Click on the event page and register for an account

3) Fill in all the information required

4) Proceed to your email to verify and activate the account

The ABBC Token distribution will be done after the event period. The main requirements to participate in this event that every user has to download the mobile wallet, register an account and provide all the KYC information. During this event, Alibabacoin Foundation will be giving away 100 ABBC to each user that completes all the requirement of this event. The user will need to download the multi-crypto wallet to receive the ABBC coins.

Since its inception, Alibabacoin has been creating quite a buzz among the crypto community worldwide. The Initial Coin Offering of Alibabacoin received a great response from the users and the goal was met even before the deadline. The upcoming event is providing a great opportunity for the users to receive 100 free ABBC coins, only by completing the registration and KYC procedure.

Alibabacoin has set a number of benchmarks in the world of cryptocurrency by aiming to connect the shopping industry worldwide through a common platform, using the power of blockchain technology. It is also one of the first to integrate the facial recognition technology into the blockchain world for providing ultra-secure transactions and ensure the security of the users.

The launch of multi crypto wallet on 15th June and the event that will run until 14th of July is another milestone that Alibabacoin Foundation is all set to achieve. It will not only enable the users to know and utilize the brand new crypto wallet but also give them a chance to own ABBC coins for free. More information about the event can be found at abbcfoundation.com.

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