Japan-based Liquid Exchange has canceled the sale of Telegram’s Gram tokens and returned funds to customers as the messaging app company remains embroiled in an SEC lawsuit.
The exchange has said that it is acting in compliance with the investor agreement, which states that Telegram’s Open Network (TON) should have been launched by October 31, 2019; otherwise it must initiate the process of returning funds to investors. As a result of the longstanding lawsuit brought against the messaging app by the SEC, an injunction has been brought out to prevent the launch of TON indefinitely.
In a blog post posted earlier today, Liquid said, “The Gram Token Sale on Liquid has been canceled, and all funds that were held in escrow by Liquid have now been returned to Liquid users who participated in the Gram Token Sale. Every Liquid user that submitted a purchase order for Gram tokens via Liquid will receive an email in the coming days with further details.”
Despite being one of the largest early investors, Liquid’s Gram sale is totally unaffiliated to Telegram due to the terms of sale in the original ICO, which state that the reselling of Gram tokens within the first 18 months from the launch of TON is prohibited and could lead to the cancelation of the tokens. Despite this, a secondary market for Gram tokens quickly sprung up, with some investors seeing gains in excess of 400%.
>> Ethereum (ETH) Soars 35% in a Month: What to Expect Now?
Telegram has been fighting a lawsuit with the SEC after the commission alleged that Gram tokens are, in fact, a security, and therefore the US$1.7 billion raised by way of an ICO in early 2018 should have been registered with the commission. Telegram has unequivocally denied all allegations leveled at it; however, it was hit with new evidence this week, which appeared to show that at least two entities invoiced Telegram for a commission from selling Gram tokens in June and July of 2018, several months after its ICO ended.
Telegram is set to return to court with the SEC on February 18 and 19, when more clarity should be provided on the future of TON and Gram tokens.
Binance Announces FC Barcelona Token (BAR) Offering with 30% Discount Ahead of Listing
2 hours ago
April 21, 2021
Users will be able to purchase FC Barcelona Fan Token (BAR) using Binance Coin (BNB) at a 30% discount for three hours prior to its trading.
Binance has revealed details on a new listing process that will be employed on FC Barcelona Token (BAR). With the new Launchpad subscription format, users can purchase BAR tokens using their BNB for a 30% discount. According to the official announcement, the subscription will run for 3 hours prior to commencing trading.
In the same announcement, the exchange confirmed official dates when users can begin trading their BAR token.
“Binance will list FC Barcelona Fan Token (BAR) in the Innovation Zone and open trading for BAR/BTC, BAR/BUSD and BAR/USDT trading pairs at 2021-04-21 11:00 AM (UTC). Users can start depositing BAR now in preparation for trading,” the announcement reads.
Binance has further revealed that the discount will have a hard cap of $2M, discount sale format will only be in subscription and only supported in BNB. Tokens Offered are 74,735 BAR (0.19% of Total Token Supply).
“Subscription Period 2021-04-21 5:00 AM (UTC) to 2021-04-21 8:00 AM (UTC): Subscription will open at this time for all eligible users for a 3 hour period. Users must also sign the Token Purchase Agreement at the same time, prior to committing their BNB,” the company added.
What Is BAR Listed by Binance?
The BAR coin is a digital token offered by FC Barcelona through a partnership with blockchain company Chiliz. Fans holding these coins can use the token to buy football club merchandise and tickets. Furthermore, the coin can also be used to take part in surveys, polls and even vote on football club decisions. It further gives fans better access to the club. And also allows them to decide on some key changes and decisions.
Barcelona is one of a number of Football clubs that have offered this innovative way to get its fans involved. Its Spanish rival Atlético de Madrid launched ATM, a fan token. In Italy, Serie A giants Juventus has its own Juventus Fan Token (JUV). English Premier League football club Manchester City has also just recently announced its collaboration with Socios.com to launch a $CITY token, joining its London counterpart West Ham with its native token, WES.
BNB Aims for a New High
This announcement comes in the wake of a 20% BNB price rally. The token is currently flirting with the $600 levels, a key psychological position for both bulls and bears. Naturally, bulls will be tempted to aim for the $637 ATH set a couple of days ago. As we reported, last week, Binance burnt nearly $600 million worth of BNB in its quarterly BNB burn that is designed to reduce the total supply and artificially stimulate demand. In a surprising twist, the coin has seemingly not reacted to this historic event.
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Kiguru is a fine writer with a preference for innovation, finance, and the convergence of the two. A firm adherent to the groundbreaking capability of cryptographic forms of money and the blockchain. When not in his office, he is tuned in to Nas, Eminem, and The Beatles.
Crowny’s platform makes use of the Ethereum blockchain and will subsequently use Solana for its fast transactions and low fees.
Advertising is a billion-dollar industry that suffers from an ongoing problem, and that’s ad relevance. In fact, 68% of people say they wouldn’t mind ads as long as they were relevant, yet half of the targeted ads go unseen. And with those ads that are seen, almost 50% of those are described as poorly targeted. All this doesn’t bode well for the user experience or the brands that pour money into these advertisements, and that’s where Crowny comes in.
Crowny is a platform that allows brands to create effective ad campaigns that reach their target audience with ease and simplicity. Likewise, the platform allows users to receive rewards for engaging with offers they like, from brands they already know and love. From both sides it’s an obvious win-win situation, and that’s why Crowny is poised to redefine and optimize the ad industry as we know it. This mission has also been recognized by major industry players like Serum, which provided Crowny with one of its largest historical grants to build on Solana.
Solving Some of Advertising’s Biggest Problems
90% of consumers are influenced by ads before making a purchase, but current ad solutions are pretty inefficient at reaching those consumers. This is because the ad industry suffers from a few main problems.
Increasing costs through waste
Crowny addresses these issues head-on inside of the platform. First, the Crowny App allows users to interact with their favorite brands so there’s never an issue with ad relevance. And even better, users of the app are not at risk of exposing their private data, so they use the app with full confidence that their privacy is being upheld.
Further, brands and entities avoid increasing costs because they engage with consumers in a number of ways such as push notifications, geofencing, QR codes and various forms of gamification. This positive and highly targeted interaction feeds well into the ongoing relationship consumers have with the brands they love and that creates a far more profitable outcome for brands and a better experience for the consumer.
Easy Access to Relevant Content
When users first fire up the Crowny App they are presented with a set of preferences that will ensure they have the best possible experience with the brands they want to interact with. Users can choose everything from advertisement frequency to GPS trigger frequency, blocked content and a host of other features. Users can even block specific adverts from ever displaying again, which shows you the level of detail Crowny has put into the platform for safeguarding the users privacy.
On the other side of the platform are the brands, that like users, need to set up a profile account. This account allows the brands to make use of the loyalty system and set up advertising campaigns. With the loyalty system, brands can set up real-time campaign overviews and use a number of data analysis tools to optimize their marketing efforts.
For the brands, this means a much more efficient use of resources and for users that means a consistent stream of relevant ads. Whether dealing with brands or users, the Crowny app ensures that all parties have easy access to the information they want, and this is a huge catalyst that will push Crowny to mass adoption.
Strong Fundamentals and Bigger Vision for Advertising
Crowny’s platform makes use of the Ethereum blockchain and will subsequently use Solana for its fast transactions and low fees. The $CRWNY token will eventually be used by companies to pay for services on the Crowny platform, and the token can also be used for staking purposes and other use cases. Crowny has received backing from leading investors such as Rarestone Capital, Dao Maker, AscendEX, and AU21, along with a global community of nearly 15,000 supporters around the world.
With a team composed of a number of high level professionals and advisers with decades of experience in technology and blockchain, and a platform that puts users and brand satisfaction at its core, Crowny is well poised to shake up the advertising industry.
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Having obtained a diploma in Intercultural Communication, Julia continued her studies taking a Master’s degree in Economics and Management. Becoming captured by innovative technologies, Julia turned passionate about exploring emerging techs believing in their ability to transform all spheres of our life.
Dogecoin Multiplies Its Market Cap to $50B, DOGE Price Close to $0.4
20 hours ago
April 20, 2021
Dogecoin market cap has overtaken that of well-established companies like Barclays, Credit Agricole and ING despite the 15% pullback.
Dogecoin (DOGE), a meme-based cryptocurrency has after grabbing headlines with a $30 billion market cap nearly double that value with a current market cap of $50 billion. The price of Dogecoin is currently around $0.4.
This incredible performance has placed the digital asset way above the likes of Bitcoin Cash, Tether, Cardano, Polkadot, and Litecoin to seal its spot as the fifth-largest cryptocurrency in the world. It only ranks behind the most popular assets which are Bitcoin, Ethereum, Binance Coin, and XRP. In the last seven days, the price of Dogecoin has moved from $0.07 trading price in a 440% surge, and 500% in the last 10 days to record a current price of $0.40.
As it stands, its market cap has overtaken that of well-established companies like Barclays Plc (LON: BARC), Credit Agricole SA (EPA: ACA), and ING Groep NV (NYSE: ING), despite the 15% pullback. It is important to understand that the price was partly influenced by the public announcement of Dogecoin as a payment method for Dallas Mavericks merchandise with the Owner, Mark Cuban as a strong believer of the asset. Elon Musk, the CEO of Tesla Inc (NASDAQ: TSLA), and SpaceX known for pushing the price of Bitcoin with a Twitter post also made a similar tweet on Dogecoin, which is said to be a contributing factor for its incredible performance.
Can the Price of Dogecoin Proceed to $1?
Dogecoin was earlier ignored by many investors because of its huge supply. It became appealing again after Cuban, and Musk showed their support for the coin. It is more likely that many investors joined the train when the price was around $0.45, hoping that the price of Dogecoin will hit $1.
It is worth noting that the $129 billion supply of the digital asset is subject to a 20% increase in 5 years. This means the market capitalization will have to rise from the current $50 billion to hit $156 billion for the asset to trade at a dollar. This is a double of the value of Binance Coin, and $6 billion more than the value of Unilever PLC (LON: ULVR), Royal Dutch Shell PLC, (AMS: RDSA), Morgan Stanley (NYSE: MS), and Citigroup Inc (NYSE: C).
Though Dogecoin going ahead of these heavyweight companies sounds outrageous, it is important to know that Ethereum is valued at $249 billion, meaning cryptocurrency can hit that height.
Some experts believe that the growth of the market cap of Dogecoin above some well-established institutions provides a distorted figure in their comparison. A typical example is GameStop Corp (NYSE: GME) which saw its shares rising by 860% in January to send its market cap of above $24 billion higher than that of the National Bank of Canada.
The reason is simple, Gamestop though had a huge rise in value has not generated a profit in the last six years, and yet the bank with the less market cap has consistently made a profit of 2 billion Canadian dollars annually.
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Excellent John K. Kumi is a cryptocurrency and fintech enthusiast, operations manager of a fintech platform, writer, researcher, and a huge fan of creative writing. With an Economics background, he finds much interest in the invisible factors that causes price change in anything measured with valuation. He has been in the crypto/blockchain space in the last five (5) years. He mostly watches football highlights and movies in his free time.