KONG, Nov. 15, 2017 /PRNewswire/ — The OAX Foundation, the
not-for-profit entity that supports the development of the OAX
decentralized exchange platform, held its first working group for
industry participants this week. The aim of the working group is to
develop a series of industry “best practices” in the areas of
compliance, KYC, holding and security of funds and other key areas that
will be integrated into the ongoing development of the OAX platform.
OAX project aims to develop and launch a decentralized exchange with
collateral supported asset gateways acting as the “on-ramps” to the
ecosystem. By increasing transparency (including posting collateral to a
smart contract for digital assets and/or depositing fiat into
segregated accounts), asset gateways allow users to properly evaluate
the risk of any trade. By doing so, OAX enhances consumer protection to
the sometimes opaque cryptocurrency space. OAX plans to launch the first
phase of its rollout for institutional participants in the first
quarter of 2018, with retail access coming at a later date.
OAX Foundation’s development team, led by Enuma Technologies, also
demonstrated early UX/UI screens and features to the working group,
including the minting and burning of collateral backed tokens,
transactions and other key features.
attendees of the Working Group were from key industry stakeholders,
related to key milestones in the roadmap for the OAX project.
Participants included Blockbonds, a technology start-up that utilizes
blockchain technology with the aim of helping to “bank the unbanked”;
Trusted Key and Netki, two of the KYC industry leaders; Octagon
Strategy, Asia’slargest digital asset OTC trading desk; PwC Hong Kong,
adviser to the Foundation with respect to governance, risk management
and internal control matters; EY, adviser to the Foundation in relation
to taxation and accountancy matters; alongside one of Hong Kong’s top
digital asset legal firms, King & Wood Mallesons.
about the inaugural meeting, William Barkshire, Senior Advisor to the
Foundation and Working Group chair said. “It was an extremely productive
first meeting — the aim of the OAX project is to enhance consumer
protection and transparency for digital asset users and a safe,
compliant avenue for bringing fiat currencies onto and off the
blockchain. As such, KYC and regulatory compliance are two fundamental
areas of focus. The group was very receptive, and engaged in a frank and
honest dialogue about the challenges and opportunities they foresee. We
will take that input and use it to further refine the project.”
Working Group will meet monthly to discuss various topics, such as
asset gateway protocols, KYC/AML, compliance and effective banking
integration. The next meeting will focus on KYC interoperability and
Waves-NG just around the corner and rewards set to increase to around
5% per year, it’s a great time to start mining WAVES and generating an
income from your holdings.
rewards are about to rise substantially! The terms for miners are
changing, making running a node or leasing your balance even more
profitable. Projections are that miners will be able to earn up to 5%
annually on their balances — not taking into account expected increases
in transaction volumes, or the price of WAVES.
Not only that, but the Waves platform has just successfully tested the NG consensus protocol,
which promises vastly increased speeds and throughput on the
blockchain. Once NG is released on mainnet in mid-December, we expect
the network to be able to process around 6,000 transactions per
minute — making it the fastest production blockchain in the world, with
many more transaction fees to distribute.
Mine WAVES for profit
the number of transactions rising steadily over the past few months,
and about to take another step up as NG goes live, there are new
opportunities for miners
to generate an income from their holdings. All you need is 10,000 WAVES
and a simple hosted server to run the client — you won’t need any
specialist hardware. You can find guides on how to get set up at https://www.cryptocompare.com/mining/guides/how-to-mine-waves/.
You’ll receive all of the transaction fees from the blocks you process,
in WAVES and other assets, as well as rewards in the form of the Miners Reward Token (MRT). The total annual rewards earned by miners will increase by up to 5% in the beginning of 2018.
Lease your WAVES
If you don’t have 10,000 WAVES or don’t want to maintain a node, you can always lease
your balance to a miner or mining pool. Simply click on the Leasing tab
in the lite client and assign your balance to the address of the mining
pool you want to use. By doing this, you support the network and get
paid rewards, but won’t have to run a node yourself. Leased balances
remain in the full control of the owner — they never leave your
account — and you can cancel the lease and unlock the WAVES for your own
use at any time, with just two clicks.
You can find more information and a list of mining pools at http://wavescommunity.com/leasing.
Different pools pay out different proportions of their revenues, in
WAVES and MRT, as well as sometimes their own assets. Lease or mine
WAVES, secure the network, help process transactions and get paid!
PascalCoin (PASC) Release New Build 2.1.3Build 22.214.171.124 - 2017-11-15
Fixed BUG when buying account assigning an invalid public keyAdded maxim value to node servers buffer, deleting old node servers not used, this improves speedRe-add orphaned operations back into the pending poolRPC locking to prevent N_Operation race-condition on concurrent invocationsMinor bugsDownload:
3 months after successfully completing our crowd-sale campaign, I am
amazed at what we have accomplished in our first quarter. I look at our
results — a working PoC, a recognised and respected brand,
high levels of awareness in our first target markets — and it is clear
that we have well and truly arrived. And our highly dedicated and
motivated team keeps proving why that is set to remain the case.
Delivering a blockchain based platform and providing small and medium
sized businesses around the world with fast and low-cost liquidity is an
obsession for each and every one of us.
From “Best ICO” to our PoC Announcement — making ourselves heard in the community
our remarkable and highly dedicated team spending most of their waking
hours driving Hive Project on to even greater heights, we understand
where our long-term strength lies. It’s all about substance, and
executing with style. We first made a case for ourselves at CoinAgenda Global in Barcelona. After a lengthy and thorough investigation of the merits of our concept, we saw off strong competition to win best ICO and the top up-and-coming company in the blockchain sphere.
But we did not stop there. Stepping up to the plate is in our nature.
This time it was on the main stage at one of the most prestigious
conferences in the blockchain sphere.
Hive Project PoC announcement demonstrates serious progress into a real
business environment and I am convinced they will make a huge
difference to global finance.” (Richard D. Titus)
[INTERVIEW] Dejan Jovanovic: “Hive Project Team will deliver a state-of-the-art product and a user…
After the successful release of the Hive Project Proof of Concept at CoinAgenda Global in Las Vegas, we sat down with…blog.hive-project.net
the Hive Project Platform now making giant leaps and bounds toward its
end goals, we also understand how crucial it is to devote attention to
the business side. Again, we are on track with progress, and our
Marketing and Communications team is working round the clock to ensure
that Hive Project is recognised as one of the leading fintech brands in
the new economy. With our team taking the stage at some of the most
prestigious conferences regionally and globally (targeting both the
crypto community and business world), we are well on our way to building
a respected international brand.
the efforts made by the rest of the team in recent weeks have been
equally important — our CFO, Ugur, and other members of the team have
been attending meeting after meeting all over Europe to ensure that our
go-to market strategy holds its course when the Hive Project Platform is
ready. I have been thrilled with the responses and progress we are
making on that front, and I am sure that the integration of Hive Project
into the ERPs and accounting software providers in the markets we are
targeting will run smoothly and efficiently.
Here to stay — a leading financial institution in the New Economy
PoC announcement represented the fulfilment of one our key promises. We
have now proven that we are on the very cusp of making a real-life
business contribution that will revolutionise the way small businesses
around the world get the liquidity they need. This will only be
underlined with our PoC2, adding some visibility and making sure that
the business side is in step with the progress made by our
developers — transforming Hive Project into a source of liquidity to be
reckoned with in the new economy.
will be pressing on relentlessly in that direction and I am incredibly
excited about the announcement we will be making next week!
don’t forget! Hive Project will be taking its rightful place alongside
the best and brightest visionaries in the financial world on 4 December
in San Francisco. Our CFO, Ugur Yildirim, will be representing Hive
Project as a panellist in the company of distinguished names such as
JPMorgan Chase, Capital One, 500 Startups, MasterCard as well as other
leading lights in the fintech industry.
it’s not just the long-term future that looks bright — the days and
weeks ahead promise to be full of exciting news and progress too!
As always, stay tuned for more progress and updates! You are more than welcome to join our TELEGRAM channel for the latest news and updates from our team. Please come and join us!
Aventus Weekly Update - Mainnet Release, YouTube Q&A & More
everyone. As most of you already know, we are posting the blog a day
early this week. But the earlier, the better! This week’s blog is a
little bit different, because we wanted to take the time to discuss our
hiring strategy and really emphasize the importance of hiring the right
team. There are some updates as well. This is what’s being covered
Hiring the right teamNew team member! Meet Bob, our blockchain developerYouTube Q&A with Alan and AnnikaTelegramMainnet Release
Hiring the right team
have put a lot of thought into hiring the best people for Aventus and
have had a lot of success with our model, which will become apparent
once we publicise our full team. The first thing we do is have an
informal meeting with a potential candidate (once we have sorted based
on CV), this is typically in the form of a coffee or beer. This gives us
a chance to figure out if we feel we get on with the candidate and
could work with them effectively. If we are happy we give the candidate a
task to research and make and try their hand at implementing. Once they
have finished to a satisfactory level, we invite them in to the office
and start off by running through the task and diving in to the technical
details required for the position. Straight after than we have a
discussion around working process and go though past, present and future
for the candidate and the why to the various career choices along with
any other details we feel need further clarification. After that we
introduce the candidate to the existing team and make sure there are no
conflicts in personality or approach.
approach is very much about who people are and their attitudes before
considering individual skill sets. We would rather have a humble, eager
to learn candidate than a superstar who is particularly arrogant in
their field, since we feel this will lead to a better team atmosphere
where everyone can improve much faster, ultimately resulting in a better
product. Don’t get us wrong, a superstar in their field with a great
attitude is the ideal candidate and we have been told by such candidates
that our process is what set us aside from their other offers and
ultimately made them join us. As always we are looking to improve and
refine our model so please do give us your thoughts on the process.
New team member! Meet Bob, our Blockchain Backend Developer
Babashola King, our newest blockchain engineer.
Can you first introduce yourself please; tell us a bit about you? Maybe a fun fact we wouldn’t expect?
am Babashola King but friends call me Bob. I have been in the IT
industry for many years now in some development capacity. I am always
looking for a new challenge to keep be entuse. I am obsessed with Latin
Dancing (mainly Salsa/Kizomba).
What is it that you do at Aventus? How did you hear about the company and what made you apply for your role?
Joined Aventus to help build/progress the fantastic effort already invested in the blockchain backend development.
You have years of experience in the industry. Tell us a bit about your background?
have mainly worked within the fintech industry. Spent 10 years with a
hedge fund (Leo Fund Managers) building proprietary Portfolio management
systems. My skillset has evolved over the years depending on the set
tasks, but it was predominantly in Java development I spent the best
When did you first hear and start learning about blockchain? What is the most interesting thing about it to you?
was busy seeking another venture to get into and then I was offered the
opportunity to get involved at the root level at Aventus. I jumped at
the chance to learn with these clever colleagues. Blockchain/Ethereum
just seems to be a HUGE innovation at the moment and a chance to get
involve with it was too huge to pass on.
What do you hope to achieve at Aventus? What are you particularly excited to work on?
sincerely hope to become very critical and contribute where possible as
quickly as possible. I am so excited to gain the necessary Ethereum
blockchain development knowledge to be progressive at Aventus and to
contribute to the community where possible.
How can the community get more involved with what you are doing at Aventus?
with increase knowledge of the blockchain, I will be able to create
components that can better improve the standards and approach adopted in
Why do you think Aventus is relevant for society, and specifically for ticketing?
group as a whole is paying attention to the advancement of the generic
open source availability and progression. The thought process is
cantered around improvement and simplification of the available
standards around Ethereum blockchain. Their knowledge around the
ticketing process seems so vast and continuously reviewed with view to
improvement and security.
What are your hobbies?
Salsa / Kizomba Dancing
YouTube Q&A with Alan and Annika
Last week we posted on our Facebook page
requesting our community to ask us any questions, which we would answer
in a YouTube Q&A. There were some great questions and Alan and
Annika really enjoyed hearing what you guys were interested in. Below is
the teaser video that was released on Monday. The entire Q&A will
be up on Thursday on your YouTube page, plus we’ll post it across our
We have been on Telegram a week now and are missing some of you! Don’t forget to join the group via THIS
invite link and join the conversation. Our Head of Communications,
Robyn, is always online and can answer any questions you may have. The
rest of the team, including Alan and Annika, pop in and out through the
day. Come say hi!
announced in last week’s update that we would be releasing our voting
module on the Rinkeby Ethereum Testnet. This is now up and multiple
iterations of the contracts have been deployed and tested on Rinkeby.
the mainnet release, it will also be going up this week as promised. We
expect it to go up Thursday, however please do not take that as final
confirmation. There is a good chance we will take an extra day to run
the testing suite before publicising it. The voting UI has been tested
for the past 10 days in private beta and will be released at the same
time on https://vote.aventus.io.
Labs is happy to invite everyone in the community to participate in a
world-wide accessible town hall meeting. At the town hall, attendees
will hear from Storj team leaders about our product roadmap, recent
accomplishments, internal staffing, community growth, and our 2018
high-level goals. We will share a presentation followed by a 20 minute
session at the end to answer community questions, which can be submitted
via email and chat during the town hall. The town hall meeting will be
recorded and be made available for those who cannot attend.
Community members can submit questions in advance by email to [email protected]
ahead of the actual date of the town hall meeting. Please remember,
this is your chance to join us to discuss important topics related to
Storj and our community. All the details for the event are listed
Storj Town Hall Details:
Where:The town hall meeting will be live-broadcast on the Zoom.us platform.
use the link above to pre-register. Make sure you have the software
downloaded before the town hall meeting. If you have any questions or
concerns, please send an email to [email protected].
When: November 21, 2017
Time: 11:00 AM EST, 3:00 PM GMT, 6:00 PM in MSK, 11:00 PM CST and 8:00 AM PST. Please check your local time.
Please submit questions via email before November 20, 2017 at 11am ET.
If your question is answered, we will send you some tokens and/or swag
as a thank you for being awesome! Please make sure you have an ERC20
compatible wallet ready to receive any reward tokens for your helpful
Town hall format: 45 minute presentation and a 20 minute open floor Q&A.