Tron’s First BitTorrent (BTT) Token Airdrop Is Already Underway

Andres Chavez
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Tron’s First BitTorrent (BTT) Token Airdrop Is Already Underway

An airdrop is a process in which a specific cryptocurrency gives away some of its tokens for people that accomplish a series of requisites or perform tasks (such as joining, following, or interacting with the project’s social media accounts) in a specific timeframe. The coins are distributed to a significant number of wallet addresses. Airdrops are implemented as a way to position a token’s name and earn attention and, ultimately, new followers and holders.

Tron (TRX) and BitTorrent token (BTT) holders will enjoy the first BBT token airdrop, one that started on Monday, February 11th. Additionally, Tron and BTT founder Justin Sun announced that there will be a special Valentine’s Day secret campaign.

The BTT airdrop will be a long term event as opposed as a one-time proposition, as most of them are presented. There will be monthly airdrops from this point until February 2025. There are approximately 990 billion BTT tokens, and about 10.1 % will be distributed or “airdropped” over the Tron blockchain to TRX holders over that timeframe.

An interesting Concept

The first airdrop began on Monday, February 11th, after the blockchain’s block height reaches 6.6 million. At that point, the distribution of 10,890,000,000 BitTorrent (BTT), which is 1.1% of the total circulating supply, started. The reward for holders equaled to 0.11 BTT for every 1 TRX held.

The airdrop will be performed monthly, and b the end of the first 12 monthly distributing events, approximately 990 million BTT tokens will have been scattered around TRX holders. At that point, BTT airdrops will increase by 0.1 % month.

The BTT airdrop is supported by a wide array of wallets and exchanges: the official Tron Wallet and the Trust Wallet are two of them, and some of the exchanges are OKEx, Huobi, Binance, and 11 more.

As for the Valentine’s Day surprise, Justin Sun announced via Twitter that several celebrities will be present in some way. “We’ll have a secret campaign released on #ValentinesDay for #TRON and #BitTorrent! Numerous celebrities will be on board. FYI, one of the main characters in #Friends, one winner of 3 #goldenglobeawards & one winner of 4 #SuperBowl titles,” the entrepreneur wrote in the microblogging account.

Sun told a prominent crypto news site that Tron and BitTorrent should be viewed “like a razor and a blade. You need both together to create a new internet economy driven by decentralization. We are seeding BTT to deliver a marketplace of innovations and applications across the web.”

Tron’s Place in the Industry

Tron is a well-known name in the cryptocurrency industry, holding the eight spot in the CoinMarketCap ranking. Tron, as of the moment of writing this piece, was worth $1.75 billion. The project, founded by Sun, made waves last year when it acquired the famous decentralized Internet protocol BitTorrent in June. After that, the announcement came about the creation of the BTT token to use within the file-sharing network. The public sale was a resounding success.

Thanks to the first BTT airdrop, those that hold TRC-10 tokens are expected to migrate to TRX in order to gain access to their free tokens. However, the effectiveness of BTT and TRX’s campaign remains to be seen because there are not many precedents of any similar activity.

By Andres Chavez

The Best Gifts for this Valentine’s Day Sold in Cryptocurrencies

Maria Rodríguez
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The Best Gifts for this Valentine’s Day Sold in Cryptocurrencies

When most of the finances are saved or invested in cryptocurrencies, there are many options to give the ideal gift to that special person

No matter what outside events people are facing, they are always willing to celebrate, spend some quality of time with friends and family or even give a present to that special person; cryptocurrencies could become allies to buy different products or services. For this reason, we show you the best options in terms of gifts that can be purchased using cryptoactives, through some official web platforms.

Gifts for Lovers on Valentine’s Day

There are different web sites where people can check, select and buy different items for their couples and also have a romantic dinner at any restaurant of their choice. The CoinMap website offers an extensive list of options, where it is possible to search restaurants, in any country, that accept cryptocurrencies as a method of payment for their services.

In addition, a selective search engine allows specifying the type of food that the couple wants for the occasion. Among the options are exotic, Italian, and even aphrodisiac food.

Another choice for lovers are the platforms where people can buy different products to share a special time with that special person. Among these web sites, Bitcoinismo.com stands out. It is a virtual store specializing in all kinds of objects such as household appliances and sporting goods.

Bitcoinism contains a special section for the sale of perfumes, oils, and films, among other items. The digital store has a platform to receive payments in cryptocurrencies such as bitcoins (BTC) that can be done immediately and with a shipping service.

The Crypto-Market for Free Buying and Selling

On the web, there are different sales support platforms that are very similar to web sites such as OLX and Mercado Libre, where items of different categories are offered, using the cryptocurrency method as a central payment method or negotiating the price directly with the seller.

Among the most popular pages of this type is Openbazaar, which offers its users the opportunity to negotiate directly with the seller the price of any of the hundreds of products offered by the platform, ranging from watches, perfumes, video games, clothes, and even jewelry and other objects. The special feature of this website is that it only manages and deals with cryptocurrencies, among which there are more than 50 types of options for purchase, from Bitcoin (BTC), Ethereum (ETH), among others.

Virtual Shops for Men

If one of the pairs’ plan is the purchase of some television or electronic object, Overstock is an option to choose the most convenient equipment. The website focuses on the sale of video game consoles, televisions, smartphones, among other items, such as watches and perfumes for men.

Tickets for Events, Cinema and more

For more recreational alternatives, there are several pages on the web that are responsible for selling tickets to theater or concerts. These pages provide information regarding the country and the schedule of the events.

Among these web pages is Experia, a web platform which allows payments with bitcoins for the purchase of tickets for events, which are also authorized to accept said cryptocurrency as payment method, in some parts of the world. This platform works in a similar way to how Movie ticket works in the United States to sell cinema tickets.

The main benefit of these new platforms which allow purchasing of items with cryptocurrencies is to diversify payment methods and markets towards alternative technology, in order to facilitate the purchase of goods and services for the enjoyment of the best moments; those that couples will remember forever.

By María Rodríguez

Spanish Soccer Selection Will Use Blockchain Technology for Tickets Selling

Maria Rodríguez
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Spanish Soccer Selection Will Use Blockchain Technology for Tickets Selling

Nodalblock Company, which will provide support for the sale of tickets, has the necessary permits, in accordance with the requirements of the European Parliament, to provide its services in Spain

The Royal Spanish Football Federation (in Spanish, Real Federación Española de Fútbol, RFEF) issued a statement on January 29th, in which it reported that it will launch a system based on blockchain technology, for the sale of tickets of their different events and soccer matches.

According to the statement, the RFEF decided to partner with the startup Nodalblock. The objective is to develop the traceability system which allows fans to buy the tickets in a more secure way, with a digital platform supported by blockchain.

The system developed for the sale of tickets to soccer matches has digital support which allows the tracking and control of the count of tickets, the digital activation of them and the security of the buyer’s information the Accounting system provides distributed from the blockchain of the Canadian company Nodalblock.

The statement details that “The RFEF plans to use blockchain technology through the tracking and activation of the tickets sold for the events it organizes, including the matches of the Spanish Football Team, as a way to provide more transparency and better control of the distribution of said inputs, eradicating the physical resale points”.

The new system will work according to the old sales structure the federation had, authorizing and providing official channels for the exchange of the physical entry ticket by a digital one that has all the information necessary for access to the stadium.

The main purpose of the company is to lower the costs of ticket processing, which each year represents a significant amount of money, as well as supporting the sustainability of the environment.

It was known that this new blockchain solution, for the sale of tickets to the Federation’s events, will have its official launch for the next game of the Spanish national soccer team with the Norwegian national team, which will be held in Valencia next March 23rd.

However, representatives of the Federation are evaluating the possibility of using the system also for the sale of tickets to events such as the final of the “Copa del Rey” and “Copa de la Reina”, as well as for official games of the second and third division.

Against Piracy and Scams

David Lanau, who is President of Nodalblock for Europe, the Middle East and Africa, said that this platform developed by his company for the Royal Spanish Football Federation (RFEF) represents a definitive solution to minimize irregularities and illegalities within the stadiums of Spain. Lanau said that “it will prevent false tickets from being sold and eliminate physical resale points”.

According to Lanau, the system will provide the necessary security to sell tickets properly. In the case of a suspicion of illegality, tickets may be tracked together, minimizing failures and providing proven and verified security.

In addition, Lanau added that the Nodalblock system is supported by the Ethereum technology network. “Nodalblock has its own network of nodes in the cloud: Nodalnet, which is the one our clients work with, unless they ask us specifically for their own network, which in that case we assemble it. All the platform of the federation is Nodalblock blockchain technology. It does not interact with any public network. The real market does not accept the volatility and timing of such public networks”, he said.

The Spanish team is the first to be linked with blockchain technology for its real income and accounting systems. It is expected that the technology will be expanded and adapted, in order to improve the administrative processes of the Royal Spanish Football Federation.

By María Rodríguez

European Union Intellectual Property Office Initiates Blockchain Technology Forum against Counterfeiting

Maria Rodríguez
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European Union Intellectual Property Office Initiates Blockchain Technology Forum against Counterfeiting

To conduct out this Forum, the Intellectual Property Office worked together with the BlockChain Observatory of the European Union, in order to create alliances which promote the interests of both departments

As a method to inform about the advantages of new technologies according to respect for copyright and intellectual property of artists, scientists, creators, inter alia, the European Union Intellectual Property Office (EUIPO), announced, through the official website last Thursday, February 7th, which will be offered a forum to offer information about the benefits that Blockchain can contribute to this matter.

The event will bring useful tools to provide to organizations, public and private institutions. The main idea is to use blockchain with the task of guarding and protect the copyright, in order to create an environment conducive against counterfeiting, the illegal copy, and the theft of information and the usurpation of identities in intellectual discovery and artistic creation.

The event will be named “Anti-counterfeiting Blockathon Forum“, which will have a distinguished branch of experts and organizations responsible for investigating blockchain technology, to create an ideal infrastructure to fight against the falsification of data on the Internet.

Through this forum, it is expected that exclusive details will be presented to different public and private organizations about the authenticity verification of goods, as well as their transport and publication.

In the publication on the website it was commented that: “The establishment of the Anti-Counterfeiting Blockathon Forum is part of the EU’s overall strategy to create a blockchain ecosystem and is the result of the EU Blockathon 2018 contest, jointly organized by the European Commission and the Intellectual Property Office of the European Union”.

The Forum is done with the intention of strengthening the efforts of these organizations to fight piracy, illegal information traffic and the safety of goods. Supported on this thought, the Executive Director of Euipo, Christian Archambeau, emphasized the prevailing need to take advantage of these technologies for the effective development of the intellectual goods and the tracking of information chains globally.

“In the fast world today, we need to use the latest technology to maintain a reliable record of the goods and its progress through the chain of international supplies. The ability of blockchain to create permanent and immutable records makes it one of the best candidates to deliver results in the field”, he said.

Effort against Counterfeit

In 2018 mid-year, the EUIPO called on blocks and experts in the field of Blockchain. For this reason, this institution carried out a “Blockathon” in Belgium, in order to get allies to promote these technologies. The intention is to create a group dedicated to developing, in a period of 48 hours, effective solutions to the interests of the office, using distributed ledger technology (DLT).

Due to multiple efforts made by the participants of the “Blockathon“, the birth of this forum was conducted to promote the constant development of tools specifically created to avoid counterfeiting.

Other countries are also working on the preservation of copyright through blockchain technology since this platform is used for the efficient storage of the information as important as even in the field of medical stories and real estate.

By María Rodríguez

Energy Multinational Company and a Japanese Carrier Develop Biofuel Using Blockchain Platform

Maria Rodríguez
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Energy Multinational Company and a Japanese Carrier Develop Biofuel Using Blockchain Platform

The new system will avoid producing more than 50 tons of CO2 and will be used to transport fuel, using blockchain technology

Performing the sale and dispatch of biofuel through blockchain technology is now a fact. The multinational energy company, specialist in hydrocarbons and metal mining BHP, successfully conducted a sales project, in conjunction with the biofuel company GoodFuel, which was transported by the Japanese company NYK using a blockchain system which helps reduce CO2 emissions.

This was reported by spokespeople of BHP, Goodfuel and NYK companies respectively, on February 5th, to the local media. In the press report it was mentioned that the organizations partnered with the technology company BLOC (Blockchain Labs Open Collaboration), which is dedicated to making software for the maritime industry. BLOC was in charge of developing the blockchain technology platform required to the sale of the hydrocarbon. It developed the decentralized ecosystem to work perfectly as a tracking method.

The company GoodFuel provided the fuel for the experiment to be enhanced, NYK transported it and it was received by Frontier Sky, a subsidiary authorized by BHP. The final result of the tests showed that the emission of carbon dioxide in the transport of the biofuel was reduced, using a support platform developed with blockchain.

To clarify some doubts, in the report provided by the companies to the press, it was known that a biofuel produced by GoodFuels was used to transport the material that was manufactured as alternative energies to traditional fuel, which is composed of fossil waste. With this new alternative, there was a reduction of greenhouse gases, equivalent to 125,000 miles traveled by a common car.

Regarding energy-saving policies and environmentally sensitive sustainability, the General Manager of the Dry Seawater Quality Control Group of the Japanese company NYK, Hiroshi Hawagushi, commented that it is very important for companies to position new technologies in the processes of this type of industries to improve performance and offer alternatives which reduce the damage caused to the ozone layer, and global warming.

He also mentioned that it is imperative to exploit the advantages these technologies can have in the near future; hence, conducting this project represented an investment in innovation.

With respect to the details of the system used for the distribution and delivery of these shipments, Deanna MacDonald, CEO of the BLOC Company, informed that they are evaluating the different studies conducted in previous months, testing the system in a real environment. This will allow issuing a detailed report of the delivery of the fuel and recording the movements involved, in order to audit the entire project, for further progress.

In other topics, MacDonald spoke about the blockchain technology used in this area: “This is an important demonstration of how the blockchain technology could play a role in creating a reliable and global MRV system, and building the confidence necessary for further adoption widening of cleaner fuels, both in terms of meeting the 2020 sulfur limit requirements and the IOC decarbonisation objective for 2050”, she explained.

By María Rodríguez

Major Exchange Huobi Reports that Trading Volumes Increased 100 Percent in 2018 Over 2017

Andres Chavez
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Major Exchange Huobi Reports that Trading Volumes Increased 100 Percent in 2018 Over 2017

Year 2018 may have been rough for cryptocurrencies and investors when it comes to prices all around the industry, but that does not mean that the year was a total waste. In fact, the numbers reveal that people actually got more involved with crypto trading and related activities.

In fact, Huobi, a well known cryptocurrency exchange platform with global reach, published several interesting statistics about people’s usage patterns. Via a press release on February 7th, the company confirmed that it experienced a 100% increase in trading volume from 2017 to 2018.

The firm, based in Singapore, is a growing enterprise after it increased its staff from 400 workers in early 2018 to over 1,300 at the moment of writing this piece. It has 15 offices in a dozen countries around the world. Its CEO is Leon Li.

The Huobi Cloud and its success

Huobi and its OTC (Over the Counter) trading desk has slowly, but surely become one of the leading such platforms in the planet. Not too long ago, the company launched Huobi Cloud, a tool that has entered over a hundred partnerships over the last six months.

Huobi Cloud was an innovative resource that was introduced to the market in July 2018, and it lets customers develop their own digital assets services, primarily OTC and exchanges. It has been a resounding success.

As part of its review of 2018, Huobi also mentioned development in several critical markets in the cryptocurrency industry, such as Japan, the United States, and South Korea. Huobi.com, which is the company’s strategic partner in America, got a Financial Crimes Enforcement Network-approved Money Services Business license, known as MSB.

Crypto Trading Capabilities Added

Huobi also introduced fiat to crypto trading capabilities this week, precisely on February 5th. The exchange will provide support to three different trading pairs initially, all tied to the US dollar: Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).

If the pairings prove to be successful, the Singapore-headquartered firm has the objective of offering more fiats to crypto pairings in the future, depending on customers’ demands and responses.

The fiat support is provided by a partnership between Huobi and Prime Trust, an American financial institution that makes its money with its custodian and escrow offerings for both digital assets and fiat transactions.

Other plans of the famous Asian company involve the tentative launch of its own stablecoin, a report that has been floating around since January. The initiative is part of Huobi’s expansion plans.

The crypto exchange has already secured one of the 17 crypto licenses issued in Japan thanks to BitTrade, whilst also managing to acquire a Distributed Ledger Technology (DLT) permit from Gibraltar to offer blockchain assets trading in the European area with guaranteed compliance.

Despite of a recent December report by Hong Kong’s South China Morning Post that stated Huobi had intentions to dismiss personnel because of the market volatility in 2018, the firm explained that it would continue to add talent to the enterprise for other critical departments and ventures, such as emerging markets and core business.

By Andres Chavez

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