At CCN we have been following the Kodak story – a once monolithic print photography company that has struggled to adapt to the digital world. The announcement that the brand was turning to blockchain with KODAKCoin, which aims to protect photographers’ digital rights utilizing immutable distributed ledger technology, swept through the crypto space. Despite the ICO’s early wobbles,
when the coin finally launched it tripled from its ICO price, leaving initial investors pleased and observers optimistic regarding the company’s transformed future. However, investment research firm Kerrisdale Capital this week has released a crippling 22-page indictment on the project. Referring to the company as a “dying relic of American manufacturing”, (KODAK went bankrupt in 2013),
Kerrisdale sees the $300m ICO as a cash grab that “will never deliver promised benefits”.
Bitcoin Cash (BCH)
Bitcoin Cash brings sound money to the world, fulfilling the original promise of Bitcoin as “Peer-to-Peer Electronic Cash”. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. All Bitcoin holders as of block 478558 are also owners of Bitcoin Cash. All are welcome to join the Bitcoin Cash community as we move forward in creating sound money accessible to the whole world.
Current Price: $993.44 USD
Market Cap: $16,843,416,270 USD
Circulating Supply: 16,954,588 BCH
Total Supply: 21,000,000 BCH
LSK, the utility token underpinning the Lisk platform, has been listed on BitFlyer and Huobi.pro, a move that comes just a few weeks before its scheduled relaunch event later this month which will unveil an updated and improved Lisk platform and a new brand identity and website. LSK is the token that powers the Lisk network. The cryptocurrency currently stands as the 16th largest in the world by market capitalization at US$1.59 billion. LSK is trading at about US$13, down nearly 54% from January 01’s price of US$20. “Today’s announcement caps a very successful week for Lisk, following Wednesday’s debut of our LSK token on the BitFlyer exchange,” said Max Kordek, co-founder and CEO of Lisk. “The addition of LSK to the Huobi.pro exchange elevates the status of our platform as we approach our relaunch event on February 20, in Berlin, and strengthens our ambition to be the enablers of innovation, making blockchain technology more accessible to everyone.”
GIFTO Protocol is a decentralized universal gifting protocol for 2.2 billion digital content consumption market. GIFTO Protocol allows for the creation and exchange of virtual gifts, built on smart contracts and blockchain technology, that in turn will create a decentralized consumer-driven virtual economic system.
Current Price: $0.265917 USD
Market Cap: $41,978,010 USD
Circulating Supply: 157,861,327 GTO
Total Supply: 1,000,000,000 GTO
CyberMiles (“CM”) is the blockchain technology being developed by 5xlab, a blockchain development laboratory. 5xlab is working closely with 5miles, a leading c2c marketplace operator with more than 12 million users in the US. 5miles is expected to be the first platform to utilize CyberMiles’ blockchain protocol, and will also assist 5xlab to develop the technology. Over the last 3 years of leading innovation in online & local marketplaces, 5miles has accumulated the necessary technical and commercial know-how to tailor blockchain technology & smart-contracts for real-world applications. 5xlab seeks to use this expertise to develop CyberMiles, with focus on trust and compliance. This will enable it to be a mainstream blockchain technology for real-world businesses.
Current Price: $0.214033 USD
Market Cap: $94,904,334 USD
Circulating Supply: 443,409,819 CMT
Total Supply: 1,000,000,000 CMT