Terra and Mining Token Luna Listed on KuCoin Cryptocurrency Exchange

Terra and Mining Token Luna Listed on KuCoin Cryptocurrency Exchange

                            

August 30th, 2019, Singapore

Stablecoin Terra SDT (SDT) and mining token Luna (LUNA) listed on BTC and USDT markets.

Terra, the project building the next-generation payment system on the blockchain, announces today that its stablecoin Terra SDT (SDT) and mining token Luna (LUNA) will both list on global cryptocurrency exchange KuCoin. Deposits will open on August 28, 8:00 am UTC, and trading will start at 10:00 am UTC with trading pairs LUNA/BTC, LUNA/USDT, and SDT/USDT.

Terra is a blockchain payments network that is powered by two tokens: Terra and Luna. At its core lies the algorithmic stablecoin Terra, which refers to a family of cryptocurrencies that are each pegged to the world’s major currencies. Terra’s flagship currency, Terra SDT, is pegged to the IMF’s SDR and serves as the unit of account for the Terra protocol. Terra is backed by a second token called Luna, the mining token that not only powers Terra’s blockchain, but also derives its value from receiving Terra’s transaction fees.

Terra is making blockchain-powered payments commonplace by providing incentives to consumers and merchants alike. Terra offers significantly cheaper transaction fees to merchants by cutting out unnecessary middlemen, and also offers 5-10% off every purchase to shoppers which is funded by growth in its underlying stablecoin economy. Terra’s plan to get its stablecoin into the hands of millions is propelled by an ever-growing e-commerce alliance, which includes Asia-Pacific giants such as TMON (e-commerce, Korea), Woowa (food delivery, Korea), Carousell (C2C, Singapore), and Tiki (e-commerce, Vietnam).

Michael Gan, CEO at KuCoin, said:

“As the People’s Exchange, KuCoin is committed to empowering promising blockchain projects and providing a wide range of digital assets to crypto investors. The next-generation payment network developed by Terra has the potential to grow the blockchain economy. We are happy to see this great project join our trading platform and we really appreciate their contribution to driving the mass adoption of cryptocurrencies.”

“Since launching in June, Terra’s transaction volume has been growing at a rapid pace, with usership already exceeding 400,000. We are excited that a global exchange like KuCoin is listing Terra and Luna at a time of unprecedented growth, and we look forward to continue growing Terra’s economy as more and more e-commerce partners offer Terra as a payment option,” said Daniel Shin, Co-Founder of Terra.

Terra recently announced new e-commerce partners such as Korea’s music-streaming giant Bugs and Sinsang Market, the largest B2B fashion platform in Korea. It has also recently announced investments from Hong Kong’s HashKey Capital, Singapore’s LuneX, and U.S. hedge fund Ulysses Capital. Terra’s mining token Luna (LUNA) is also listed on global cryptocurrency exchanges Bitrue (BTC/XRP) and Bittrex (BTC).

About Terra:

Terra is designing a price-stable digital currency that will power the next-generation payment network on the blockchain. Terra partners with an ever-growing alliance of global e-Commerce platforms to bring blockchain’s benefits such as low transaction costs to merchants and everyday consumers. By bridging the gap between digital currencies and real-world application, Terra aims to evolve into an open platform for innovative financial dApps and grow the real GDP of the blockchain economy. Founded by a team of business, finance and blockchain experts, Terra has offices in Singapore and Korea.

About KuCoin

The KuCoin Exchange opened for cryptocurrency trading in September 2017 and enjoyed steady growth into 2018. The KuCoin Exchange puts a high priority on the quality of the projects listed based on a well-trained research department that scours the blockchain industry for the highest quality projects. KuCoin provides an exchange service for users to conduct digital asset transactions securely and efficiently. Over time, KuCoin aims to provide long-lasting, increased value to its more than five million registered users, in over 100 countries. In November 2018, ‘The People’s Exchange’ officially partnered with IDG Capital and Matrix Partners.

Article Produced By
Bitcoin Blast, Bitcoin Press Release

https://bitcoinprbuzz.com/terra-and-mining-token-luna-listed-on-kucoin-cryptocurrency-exchange/

What is An STO and How It Works?

What is An STO and How It Works?

STO is the abbreviation of security token offering.

It is similar to ICO which uses the coin or token as an asset in the investment. There is a difference though. The security token signifies the ownership information of assets like funds, real estate, bonds, and stocks. In the STO, the investment product is comprehensive with the physical assets like company or property, or everything else. Meanwhile, the security token represents the ownership information. The data is within the blockchain. In the conventional investment method, your ownership information will be recorded on physical documents or the soft copy in PDF. Meanwhile, the STO conducts the same process but your information is recorded on a blockchain and converted into a token.

The coin in STO may not be used for the environment or investment. It focuses on the investment contract supervised by law. STO is also different from IPO. The most significant difference is that STO issues the tokens on the blockchain. Meanwhile, IPO issues the certificates in conventional markets. Being involved in the STOs can be difficult because these are regulated depending on the jurisdiction of the party. For instance, the SEC – Securities and Exchange Commission really emphasizes the importance of STO’s regulations. According to SEC, ICO rating will be categorized as a security if it is prevalent with investment contract understanding. Security tokens have special characteristics. We could define them as a specific investment like a share or debt instrument.

Any countries have banned STO. You won’t be seeing any STORY in these countries: India, Bolivia, China, Vietnam, South Korea, Algeria, Namibia, Morocco, Zimbabwe, Lebanon, Pakistan, Bangladesh, India, and Nepal. If your countries are not on the list, that does not merely mean that STO is allowed. Perhaps, your governments are still weighing to issue the regulations. The real-world asset is backing the security token. As we know about the utility token, it can be daunting to assess the value of the token although we’ve seen their good ICO rating on the ICO list. But with the security token, you will have peace of mind since it is backed with the physical asset. It is a lot easier to confirm the token value. STO is much cheaper compared to the traditional IPO. The strongest reason is that because there is no middleman.

Meanwhile, the smart contracts of security token will also minimize the connection to lawyers. That means the blockchain technology can help you to alter the paperwork. The liquidity of a security token is also great. No matter where you are, you will be able to trade 24/7. STOs are legal. With the increasing number of investors, the volatility can go away. But there will always be challenges lurking in the shadows. Perhaps, the most challenging aspect of STO is the changes in regulation. The increased regulation can revolve around ownership tracking, exchange approvals, and so on. The developer of the STO should be aware of the securities laws to comply. The regulations in some countries might also limit folks to invest in STO. If you are interested in it, make sure you do your research before proceeding.

Article Produced By
Lorena Boanda
Lorena Boanda
Experienced Chief Executive Officer at Brantell, Coindoo, and TheCCPress, with a demonstrated history of working in the writing and editing industry. Skilled in SEO Content, Copywriting, Creative Writing, Copy Editing, Translation, and Proofreading.

https://coindoo.com/what-is-an-sto-and-how-it-works/

4 Interesting Notes Regarding Milestone Token Offerings

4 Interesting Notes Regarding Milestone Token Offerings

Token offerings come in many different shapes, forms, and sizes.

That is only par for the course, as the cryptocurrency industry continues to grow and evolve at all times. Milestone Token offerings are seemingly the new hot trend, although they are not as common as one might think. Another interesting business model, albeit one with a bit more merit compared to other types of token offerings.

The Milestone Token Offering Idea

Whereas most token offerings are based on selling a large number of tokens in advance prior to launching a project, the MTO takes a different approach. It is somewhat refreshing to see teams explore options which do not require investors to invest in hopium and hype, but rather look at a project and see what has been realized to date. Whether or not this will attract as much attention as Initial, Security, or Exchange Token offerings, is a very different matter altogether.

As the name somewhat suggests, the Milestone Token offering is very different. Teams will only offer tokens for sale once their development reaches a new milestone on the roadmap. As such, the initial development is very little upfront funding,  and it pushes the developers to effectively keep working on the project moving forward. It seems to be a more goal-driven token offering rather than a money-driven effort, but it remains to be seen if that will yield more successful blockchain projects in the years to come.

What about Regulation?

By the look of things, milestone token offerings will need to adhere to securities laws in the United States and beyond. It will fall into a few possible categories when it comes to securities, but it is advised any project exploring this option to get in touch with the proper authorities. After all, it is also possible to issue utility tokens through this model, but it seems more likely security-esque offerings will become the norm where this business model are concerned.

One also has to wonder who will be able to participate as an investor. Given how this business model seems to lean toward being regulatory compliant, it is not impossible to expect going through a thorough user verification process. After all, the goal of an MTO is to build a bigger community and attract additional funding based on the past and future developments. As such, accredited investors seem to be a very plausible target, especially for projects which are very serious about being regulatory compliant.

Multi-phase Funding is Possible

It would appear there are some interesting options for companies exploring a milestone token offering. One can organize multiple of these token sales to attract a few dozen new investors along the way. As such, they can split every token sale into different batches if they see fit to ensure as many people can get in on the action as possible. One project currently exploring this option is Storecoin, as they will offer multiple phased pricing rounds. A peculiar option to explore, albeit one that may have some merit.

Is it a Viable Business Model?

That is perhaps the most difficult question waiting to be answered. While milestone token offerings are not exactly the big hype as of yet, it would appear there may be a growing interest in this business model moving forward. Especially for legitimate companies, this is a good alternative to ICOs, STOs, and ETOs. Gaining traction with this token sale model may be very difficult at first, as these new models tend to get scrutinized quite a bit. That is to be expected, as token sales do not enjoy the best reputation in the cryptocurrency industry.

Article Produced By
JP Buntinx

https://themerkle.com/4-interesting-notes-regarding-milestone-token-offerings/

Ethereum Consortium Launches Token Initiative With Microsoft JPMorgan Chase Others

Ethereum Consortium Launches Token Initiative With Microsoft, JPMorgan Chase, Others

                              

 

The Enterprise Ethereum Alliance (EEA) has launched a blockchain-neutral Token

Taxonomy Initiative in partnership with major firms, according to a press release from EEA on April 17. The initiative will seek to define tokens in non-technical and cross-industry terms in a bid to drive enterprise token adoption at scale. The EEA describes itself “a member-driven standards organization whose charter is to develop open, blockchain specifications that drive harmonization and interoperability.” Members of the initiative reportedly include global consulting firm Accenture, major banks Santander and JPMorgan Chase, blockchain incubator ConsenSys, Big Four auditor EY, tech giants Intel, Microsoft and IBM, blockchain consortium R3, international think-tank The Blockchain Research Institute, blockchain r&d firm Clearmatics and others.

The new Token Taxonomy Initiative will aim to establish a shared set of terms and definitions for tokens — whichever blockchain they derive from — as a cornerstone for businesses and developers. Standardization, the EEA’s director Ron Resnick argues, can unlock the frictionless use of tokens “to serve as, or provide access to, a set of goods, financial assets, securities, services, value or content” within enterprise-grade blockchain applications.

As well as clarifying the concept and scope of the token model, the initiative will seek to address use cases, taxonomy and terminology and technical specifications. To this end, the project will aim to establish technical standards that can counter fragmentation between multiple blockchain protocols and ensure interoperability between platforms and use cases — whether the tokens serve currency-like purposes or represent unique assets. The initiative will be structured to include a Token Taxonomy Framework accompanied by an educational initiative, which will be run through structured Token Definition Workshops.

As previously reported, the EEA — which counts over 500 members — is engaged in ongoing token standards work, which began with a focus on Ethereum (ETH) specifications. In fall 2018, Hyperledger and EEA announced their mutual associated membership. The organization extended its global outreach by opening a regional office in China this February. That same month, the EEA announced it would be launching a so-called “token task force,” to be focused on ETH-derived fungible ERC-20 and non-fungible ERC-721 tokens.

Article Produced By
Erica Borges

https://cryptobible.io/ethereum-consortium-launches-token-initiative-microsoft-jpmorgan-chase-others/