Tag Archives: Smart Contract

ICO Watch: Tokenomy

What is Tokenomy?
The founders of Tokenomy are the founding members of Bitcoin.co.id (Bitcoin Indonesia), the biggest digital asset marketplace in Southeast Asia with over 900,000 active users and over $2 billion USD in monthly trading volume.
The team aims to foster financial inclusion and provide access to anyone who wants to be connected with alternative funding networks and global innovation. The prime product for Tokenomy.com is a crypto-to-crypto exchange, focusing on the untapped and rapidly increasing cryptocurrency demands in Southeast Asia.

What makes Tokenomy.com standout among other exchanges is its one-stop tokenization platform, allowing anyone to issue their own tokens and hold their own token sales on the platform. These tokens will be listed on Tokenomy.com’s exchange for trading as well. Moreover, equipped with a shared log-in with Bitcoin.co.id, Tokenomy.com will be accessible to nearly 1 million users from day one. The goal is to offer a global token market access on one hand, and the ability for anyone, from small entrepreneurs to large enterprise businesses, to issue proprietary tokens and plug themselves into crypto liquidity pool for reliable and easy crowdfunding on the other. — Oscar Darmawan | CEO
Continue reading ICO Watch: Tokenomy

Self Mining Smart Contract

Earlier Artemine introduced unrestricted access to public mining, which allows anyone to mine the token by calling a ‘smart contract’ function (as previously reported by Cointelegraph.) The team expressed their belief that the trading of Genesis Addresses can become a billion dollar market once people start looking at the advantages of the self-mining principle.

The team stated: “Once people start seeing the benefits of self-mining, which basically allows anyone to mine coins automatically without the need of any kind of mining equipment, we should start seeing the tradability of Genesis Addresses to become a more important factor. Possibly reaching a $1 bln dollar market in a not so distant future.”

Reference: https://cointelegraph.com/news/platform-starts-trading-service-for-self-mining-smart-contract

Smart Contracts Are Taking Over Functions of Lawyers

After reading about how a partner in one of the biggest and most prestigious international law firms was busted by an undercover US Federal Bureau of Investigations (FBI) agent for trying to garner Bitcoins in a corrupt transaction from a Silicon Valley tech company, it’s likely you won’t feel sad about smart contracts beginning to take over certain functions of lawyers. You might even secretly thank Ethererum’s co-inventor Vitalik Buterin, for it.

Buterin explained, “All transactions under Blockchain come with auditable trails of cryptographic proofs. Rather than simply hoping that the parties we interact with behave honorably, we are building Blockchains that inherently build the properties in the system, in such a way that they will keep functioning with the guarantees that we expect, even if many of the actors involved are corrupt.”

Reference: https://cointelegraph.com/news/smart-contracts-are-taking-over-functions-of-lawyers-expert-blog