Category Archives: ICO

Press Release – UbiatarPlay

“Be everywhere”

A technology ofering a viable and real solution to the ancient dream of mankind:
having the power of ubiquity, or instant transfer to any place.
We have seen this ‘power’ depicted in many productions, notably the teleportation devices in the ‘Star Trek’ sci-f TV shows and movies. Until today it has only been fantasy.
The solution is surprisingly simple and uses the modern smartphones.
Imagine directing a fellow human in another place, acting as your remote physical presence there.
Imagine you giving simple graphical commands that make your Avatar move, explore, examine and interact with things in another place, just like the movie ‘Avatar’ depicted.
Imagine that you can see and hear everything, like you are physically there.

You could be in Paris and at the very same moment be instantly telepresent in San Francisco, with another person as your Avatar in the Bay Area.
The applications that come to mind are endless:
teletourism is one: you could visit the Colosseum without hours of fying to Rome. A regular trip requires a fight, a hotel reservation, restaurants, a lot of physical efforts and normally a week of your time. It is certainly better to travel in the old-fashioned way, but
how many places you would like to visit will you ever really see? Some people have budget limits, some others have time constraints and some others can not move easily.
The teletourism is the only option to travel instantly in places where you would never go in all your life.
Business travels are another application: cut the costs, in time and money, of physical moving.

If you need to visit other places to check for real estate or to visit a factory or to interact with working people, the videoconference option is limiting. You often need to walk around, talk to busy operators, explore buildings. The option of doing this with a
local person acting as your Avatar is a huge reduction in costs and time for most of the business travels.
Think about remote industrial assistance: “let the skills travel, not the bodies”. Many times a high-level technician has to travel to a remote place just to use his skills for an half-an hour operation. If a local less-skilled technician could act as a local Avatar, the total time
usage of the higher-cost technician could be reduced from three days to thirty minutes. In a regular 8 hours shift a technician could work at sixteen operations, instead of a single one in three days.

Another application is the precise control of any job: check if your dog is happy and direct your pet sitter like you are the one running in the park with him. The Gig economy is all about simple jobs that you can delegate to others, but without much control on the
execution. If you direct your Avatar you can check and even precisely command how to carry out each job.
UbiatarPlay, a new hi-tech company, is starting an innovative marketplace where wouldbe Avatars will ofer their physical presence for hire to people wanting to be instantly anywhere in the world.
The frst phase will ofer promotional live broadcast videos from diferent places of the world, free of charge. You will be able to see in real time what is happening in the streets of Rome, Paris and other interesting places; if you fancy it, you will be ofered a free
telepresence session with the local Avatar and direct him/her to watch closely the shop window with the goods you like or enter for you into the museum or shopping center or
place you want. All instantly, easily and from your tablet or PC.
Everybody can also be an Avatar and ofer their service to the world on the marketplace.
What you need to be an Avatar is your body, a smartphone and the Internet.
Like the Ubiatar manifesto claims: “and honest job opportunity to anybody, anywhere”

More info on:
http://www.ubiatarplay.io

The Confusion Surrounding Venezuela’s ‘Petro’ Token Blockchain

As recently covered by CCN, Venezuela’s Petro (PTR) oil-backed cryptocurrency is now being sold to investors in its pre-sale
stage. Venezuelan leader Nicolás Maduro has stated that the government already netted $735 million from the token’ sale,
without backing his claim with any evidence. The Petro is set to be used to pay taxes, fees, and other public needs, as well
as in international deals, particularly those related to oil. 84.2 billion tokens will be disbursed, out of the 100 million
ordered by Maduro. The country’s opposition-run congress has criticized the cryptocurrency’s sale as an “illegal and
unconstitutional” instrument to illegally mortgage the country’s oil reserves, yet investors are still seemingly pouring in.
Earlier this month, citing the project’s whitepaper, CCN reported that the Petro is an Ethereum-based ERC-20 token that’s set
to have a private presale. According to the whitepaper found on the project’s official website, hosted by the country’s
Ministerio del Poder Popular para Educacion Universitaria, Ciencia e Tecnologia (MPPEUCT), that report was correct.

Reference: https://www.ccn.com/eth-nem-confusion-surrounding-venezuelas-petro-token-blockchain/

Telegram ICO Ups the Ante for Record-Setting Token Presale

The first multibillion-dollar token sale may be just around the corner — if reports about the Telegram ICO are to be
believed, that is. Having just concluded a record-setting $850 million ICO presale, Telegram — the encrypted messaging
application created by Russian entrepreneur Pavel Durov — has sent prospective investors an email informing them that the
firm will hold a second private presale, according to a report in tech outlet The Verge. Citing anonymous sources, the
publication said that the second round of the Telegram ICO presale is expected to raise nearly as much as the first one,
netting the firm a total raise of more than $1.6 billion — all before the ICO even opens to the public. But although Telegram
does not appear to have any trouble attracting capital to its token sale, many traditional cryptoasset investors are
remaining on the sidelines. Pantera Capital, which was founded in 2013 and describes itself as the first US Bitcoin
investment firm, declined to participate in the Telegram ICO, citing reservations about the project’s lack of transparency.

Reference: https://www.ccn.com/1-6-billion-telegram-ico-ups-the-ante-for-record-setting-token-presale/

Swiss Finance Regulator to Treat Some ICO Tokens As Securities

In a press release published today, the Financial Market Supervisory Authority (FINMA) said there has been a sharp rise in the number of ICOs launching in Switzerland, resulting spike in inquiries about the regulations that apply to them. With the situation currently “partly unclear,” the new guidelines have been released to clarify the status of projects wishing to launch a token sale project within the country. “Creating transparency at this time is important given the dynamic market and the high level of demand,” the authority states. Notably, FINMA will determine the applicability of regulation to crypto tokens on a case-by-case basis, taking a similar stance to that of the U.S. Securities and Exchange Commission in guidance released last July. When assessing ICOs, FINMA said it will focus on the “economic function and purpose of the tokens,” with the “underlying purpose of the tokens and whether they are already tradeable or transferable” being primary factors in how they will be classified.

Reference: https://www.coindesk.com/switzerland-will-treat-some-icos-as-securities-finance-regulator-says/

Arizona Law Would Define When ICOs Are Securities

The number of blockchain bills before the Arizona state legislature is growing, public records show. Arizona state representative Jeff Weninger introduced two measures focused on the tech last week, including one that would begin laying down ar regulatory framework for initial coin offerings (ICOs) conducted in the state. Two new bills introduced by the representative include “virtual coin,” “blockchain” and “virtual coin offering” as new terms to be included in the Arizona government’s list of definitions, particularly as they relate to securities and crowdfunding. Notably, the first bill defines “virtual coin” as “a digital representation of value that can be digitally traded and that functions as a medium of exchange, unit of account and store of value.”

Reference: https://www.coindesk.com/arizona-law-define-icos-securities/