DABANKING – FomoJackpot lottery program based on blockchain technology together with the Dapp Game

Previously to the main topic, it would be necessary to parse the previous story regarding this latest project. 

In 2008, Bitcoin was introduced as a cryptocurrency, invented by Satoshi Nakamoto in the form of open source software, with a mission to change the way we make payments and trade goods through truly new currencies.

Bitcoin offers tremendous transaction advantages such as freedom, security, a high level of control for the user itself and a fully transparent platform. All of the benefits of Bitcoin are activated by Blockchain technology. 

The Gaming Blockchain Market 

In recent years we have still witnessed a strong rise and rapid growth of the gaming industry. According to reports on 10/2017, 2.3 billion users are using this industry service, generating large revenues of $ 105 billion every year.

A common problem in game development today is the inability to prove the existence and ownership of in-game assets, causing a lot of fraud. Smart contracts allow users to feel confident that they will receive assets / goods that are authenticated when they are bound by the blockchain.

Exchanging in-game items is now a lucrative industry that is estimated at $ 50 billion and is expected to increase rapidly. “Unique” non-commensurate tokens are one of the most important contributions that blockchain has given to the gaming industry. Each token has a unique identity that represents a type of virtual asset. These virtual assets can be bought and sold on any decentralized trading platform, eliminating unnecessary costs and risks from third parties. These digital items can be anything from game skins to virtual cards with high rarity. 

Games developed with Blockchain Technology can present valuable features such as: 

1. Tracking and authenticating ownership of types of digital assets.
2. Reducing costs for third parties. 
3. Secure payment system based on blockchain. 
4. Integrating the blockchain into your game increases competitiveness against traditional games. 
5. Exchange digital assets easily with high liquidity, 

One of the first Dapp products from DABANKING is the FomoJackpot lottery program based on blockchain technology together with Game Dapp collectively called FomoGame, which helps participants not only entertain after a tiring day but also increase revenue them in an easy way.

FomoGame is an independent DApp system in the DABANKING ecosystem built on the Blockchain Ethereum. It promotes absolute fairness and transparency for users, thereby helping users to have great experiences in all applications in the DABANKING ecosystem. 

FomoJackpot gives players the opportunity to win a very small amount of 0.002 ETH for one ticket. 

The blockchain technology is a discovery that creates a decentralized network based on peer-to-peer network protocols, which allows every computer on the network to be a server, making a big difference to conventional centralized networks.

2013 marked an important milestone for the breakthrough in blockchain technology development: the birth of the Ethereum (ETH) platform created by Vitalik Buterin – Russian developer. He has succeeded in bringing Blockchain technology to a new level when integrating Smart Contracts into the current Blockchain protocol, now known as Blockchain 2.0 or the Blockchain Utility. 

At the end of 2017, Blockchain technology really resonates, not only with software developers but also with full attention from governments, major banking organizations, financial funds, investors and almost all social classes, attracting hundreds of billions of dollars, creating financial market fertility and promoting many successive Blockchain projects.

Some Utility Blockchain projects are quite successful, such as Tron, EOS, STEEM, etc. Gradually approaching its completion, opening the Era of Decentralized Applications (Dapps). 

DAB Token

1. DAB Mining Strategy 
In the first phase, DABANKING will use Ethereum Blockchain to build a community of users by distributing DAB tokens based on the theory of the POC algorithm (Proof Of Contribution). This is the “Dedication Proof” mining token algorithm when locking ETH into “value reserve funds” for DAB tokens. 

2. Token DAB 
DAB is a token platform for DABANKING community development and will be exchanged with DABANKING blockchain itself when DABANKING Blockchain is officially announced. 

The maximum total supply of DAB tokens in a Smart Contract is 200,000,000 DAB and the only way to get a DAB Token is to use the “Mining Wallet”.

DABANKING Developers cannot have other methods to obtain DAB Tokens other than exploiting as normal users through ” Mining Wallet ‘. 

3. Mining Token DAB
DA tokens mining mechanism  DA Tokens can be used when users buy tickets and play games with ETH. It has a maximum supply of 20,000,000 DA.

To mine, DAB Token users need to buy a “Treasury Package” with a minimum amount of ETH $ 200 (Price based on Coinmarketcap.com) and maximum packages allowed by developers at different times (Maximum “Treasury Package” up to $ 5000) 
Developers will have a function on Dapp to set the maximum package value that can be purchased at different times Note

: The “Treasury Package” value is calculated when depositing ETH and confirmed on the blockchain. The price at the time of deposit is only used for the reference price, during the time from the deposit until when the transaction is confirmed if the ETH price rises, the package value will increase, but if the ETH price decreases, the value of the package will decrease. And reduce no more than 3%, If price fluctuations exceed 3%, Deposit orders will fail, ETH will be returned, the user must operate again. 

There are 3 energy wallets that need to be considered to be able to exploit the DAB token: 

1. Gold Wallet 

2. Green Wallet 

3. Mining Wallet 

Mining Bonus Rating

There are a total of 10 Ranks from Star1 to Star10 which are equivalent to the volume conditions below. 

Volume rating is taken from the total branch volume of the entire system (excluding individual volumes), by reducing the largest volume of two branches: 

STAR 1: when the volume rating reaches $ 1000  

STAR 2: When the volume rating reaches $ 3000  

STAR 3: when ranking volume reach $ 10,000  

STAR 4: when the volume rating reaches $ 40,000 – $ 1000 Bonus to 

STAR 5: Mining Wallet  : when the volume rating reaches $ 100,000 – $ 2000 bonus for 

STAR 6: Mining Wallet  : when the volume ranking reaches $ 300,000 – Bonus $ 6000 for Mining Wallet 
STAR 7: when the volume rating reaches $ 1,000,000 – Bonus $ 20,000 for the STAR 
STAR8: Mining Wallet  : when the volume rating reaches $ 2,000,000 – a $ 50,000 Bonus for the 

STAR 9: Mining Wallet  : when the volume rating reaches $ 5,000,000 – $ Bonus 150,000 for 

STAR 10: Mining Wallet  : when volume ranking reaches $ 10,000,000 – $ 500,000 Bonus in Mining Wallet Adding a bonus to a fully automated “Mining Wallet” thanks to Smart Contract. The system will automatically check once a day to give bonus gifts to eligible accounts.

MINING TABLE

DISTRUSION

90%: of the DAB Token Reserve Fund 

3%:  marketing 

3%:  product development 

2%:  Partners (exchanges, Advisors …) 

2%:  Backup Token DAB (Exchange DAA …)

Every time you receive an ETH or DAB Token, the Smart Contract reserve fund will immediately lock 90% and extract 10% into the developer’s funds to implement the item.

Roadmap

DABANKING aims at long-term development, delivering entertainment services to a decentralized application platform, giving back power to users. The development team has come up with a long-term strategy to make DABANKING a strong ecosystem that allows millions of customers to experience our services. 

Q4 / 2018-Q1 / 2019: 
Build a development team, prepare detailed plans and prepare the technology foundation. 

Q2 / 2019: 
Officially introducing the game ecosystem in DApp and starting to develop the DAB Token mining community. 

Q3 / 2019: 
Register DAA Tokens and DAB Tokens on free exchanges and integrate new games. 

Q4 / 2019: 
Open the Swap port from DAA Token to DAB Tokens for users. Add a new Game Dapp.

For more details regarding this good project in the form of BABANKING, please follow the following official sites below: 

Website => https://dabanking.io/

Whitepaper => http://dabanking.io/static/whitepaper.pdf

Bitcointalk ANN Thread => https://bitcointalk.org/index.php?topic=5146671.new#new

Twitter => https://twitter.com/Dabanking_io

Facebook => https://www.facebook.com/dabanking.io/

Discord => https://discordapp.com/invite/uqfMjYV

Medium => https://medium.com/@dabanking.io

Username : Ozie94

Profile : https://bitcointalk.org/index.php?action=profile;u=2103066

ETH : 0xDa2F65ea0ED1948576694e44b54637ebeCA22576

Swiftlance – a decentralized P2P trading platform with smart contract technology

ABOUT

Swidex is a tokenized decentralized application that will be built on Ethereum protocol. It aims to provide a completely decentralized exchange that is eco-friendly, fast and secured for P2P digital assets trading. Ethereum Blockchain is adopted because Ethereum was one of the early cryptocurrencies that emerged in the Blockchain industry. Hence, most developers are familiar with the programming language, Solidity and more than 50percent of digital assets operate on Ethereum Blockchain either as main Blockchain or initial Blockchain before mainnet launch. Therefore, Swidex advances a wide coverage of digital assets and provides a decentralized trading platform.

PROBLEM

CENTRALIZED EXCHANGES (CEX) 

Centralized exchanges are the most common and early trading platforms adopted by majority of users in the cryptocurrency industry. They are centralized, act as intermediaries between traders with several rules of who, what, and when to trade. Wallet addresses are provided for users to deposit digital assets and in turn, they offer virtual digital assets on the trading platform for users to trade. The user’s funds, assets are majorly stored in a central wallet; it is owned, controlled and managed by a central administrator.

LIMITATIONS & PROBLEMS OF CENTRALIZED EXCHANGES

Since centralized exchanges are controlled and managed by a central administrator, several inherent problems are associated with the use of CEX. There are numerous stories of users’ accounts frozen or depleted without genuine explanation or reasons. More so, numerous security breaches have been reported in millions of dollars leading to tremendous loss of users’ assets, and eventual shutdown of the exchange. Recently, a notable CEX, Cryptopia had a security breach and reportedly suffered huge loss leading to its eventual shut down. In addition, cases have been recorded where users of a reputable exchange were denied access to their funds as a result of death of founder of the exchange holding private keys to wallets containing users’ funds and assets.

COMPARISM BETWEEN CENTRALIZED & DECENTRALIZED EXCHANGES

SOLUTION

P2P DIGITAL ASSETS TRADING

Swidex is a DAPP and token protocol that provides an open peer to peer decentralized trading platform that is instant, fast and secured where its users are able to eliminate intermediary barriers and controls of the centralized cryptocurrency exchanges. Swidex is not controlled by a central administrator or entity but it offers a platform where users are empowered to trade directly within themselves on the term they choose.

MISSION AND PURPOSE

We aim to provide a decentralized P2P trading platform with smart contract technology. A world where users trade digital assets with equanimity. A burning protocol will be integrated into Swidex smart contract where Swidex tokens will slowly be burn until 30 percent (1.5 billion) of the total supply is successfully burned. Swidex will offer dividends in form of Ethereum (Eth) quarterly to holders of Swidex tokens. This is to reward Swidex token holders as stakeholders of Swidex.

ROADMAP

Swidex will offer numerous dividends, airdrops and technology advancements.

The roadmap below reiterates upon the order of execution Swidex will take.

TEAM AND ADVISORS

ALEX SAJIB: CHIEF OF OPERATIONS

Operations Manager Swiftlance & Swidex

Combinationof skills and knowledge in Blockchain technology, marketing, public relations and market research.

Antonio Rakib: FOUNDER/CEO

Founder Swiftlance & Swidex

Blockchain & crypto enthusiast. Focused on research, Blockchain development & mass adoption of cryptocurrency globally.

Murtaza G.H: DEVELOPER/PROGRAMMER

Co-founder & Blockchain developer/programmer Swiftlance & Swidex Dev. Valuation Analyst & Web designer.

Vast knowledge and experience in experimenting with HTML, CSS, JavaScript, Solidity, dabbling with Python and Ruby. Wide exposure in cryptocurrency world and experience in Blockchain industry.

SWIDEX TOKENS (SWDX)

Swidex tokens is built on Ethereum Blockchain, ERC-20 with a total supply of 5,000,000,000 (5bn) SWDX. SWDX is the native token of Swidex, serve as fuel for the exchange. It enables liquidity and powers open, fast and secured transactions between users of Swidex

Token Details

Token name: Swidex

Ticker: SWDX

REPORT THIS AD

Total Suppy: 5,000,000,000 SWDX

Seed Funding/private sales: 2,500,000,000 SWDX (50%)

Team/Advisors: 15%( To be locked for 1years)

Airdrop SWL holders: 5%

Promotion/Marketing: 5%

Partnerships: 5%

Dividends/Rewards: 5%

Token reserve/future development: 15%

Username : Ozie94

Profile : https://bitcointalk.org/index.php?action=profile;u=2103066

ETH : 0xDa2F65ea0ED1948576694e44b54637ebeCA22576

Introducing EPIC Cash: a new payment network and new types of money

About EPIC

EPIC Cash is a new form of electronic cash. Similar to Bitcoin, it is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer basis. All the transactions are verified by network wallets and nodes through cryptography and recorded in a distributed ledger called a blockchain.

But, EPIC is not quite similar to Bitcoin. What makes EPIC difference is, instead of having a transparent blockchain, the EPIC blockchain is fully anonymous, means that no transaction data appears in its blockchain at all; only “kernels” verifying the integrity of the chain are left as evidence of past transactions.

The main goal and objective of EPIC project is to be the world’s most effective form of digital money. Each unit is designed to has a decent value that can be exchange-able and can be the medium of exchange.

EPIC uses a lightweight implementation of MimbleWimble protocol. A newly trending protocol that provides an excellent framework for a blockchain that has good scalability, privacy, and fungibility. The protocol is allowing every user to have complete privacy and anonymity. Thanks to the implementation of MimbleWimble, in current testnet, Epic Wallet can confirm payment in 3 seconds and each block is only 1 minute.

EPIC was built to follow the time-tested bitcoin economics to the letter, the max coin supply will be 21,000,000 in 2140.

Mining EPIC

EPIC Cash is mine-able cryptocurrency. The blockchain code, mining software code etc. is completely open. Everybody can mine EPIC with a CPU, GPU or ASIC, through corresponding consensus algorithms.

Currently, EPIC is on the testnet mining. The Genesis Event (mainnet) will be launch on July 4th 2019, you can see the countdown time on http://www.epic.tech/.

The Genesis Event details:

Genesis Block July 4th 2019 Starting Supply: 0 End Supply @ 2140: 21 million CPU: RandomX 2GB+ RAM Intel/AMD GPU: ProgPoW AMD/Nvidia ASIC: Cuckatoo31+ — Obelisk, Innosilicon, Sapphire Nodes: Raspberry Pi or greater

Features of EPIC Cash

  • Fast transactions: Epic Cash transactions executed much more quickly than previous generations of Blockchain technology. It only take 3 seconds in payment confirmation and take place within a single block confirmation as soon as a 1-minute block has been mined
  • Anonymous transactions: Epic Cash safeguards the anonymity of Epic Cash holders and users by protecting the details of transactions from third parties; and is designed to be both non-traceable and invisible to government firewalls.
  • Fungibility: EPIC Cash is essentially interchangeable, the value of a given unit of Epic Cash must always be equal to another, just as one kilogram of pure gold is equivalent to any other kilogram of pure gold, whether in the form of coins, ingots, or in other states.
  • Highly Scalable: Epic Cash maintains a space-efficient blockchain, upon which new nodes can be easily established without resource-intensive equipment. The blockchain is capable of at least twice the throughput of Bitcoin.

This article is just a short summary of EPIC Cash. If you want to learn more of the details, you can read their technical whitepaper available on the website that describes its design, technology, monetary policy and other important information, or you can visit their Bitcointalk Announcement.

Username : Ozie94

Profile : https://bitcointalk.org/index.php?action=profile;u=2103066

ETH : 0xDa2F65ea0ED1948576694e44b54637ebeCA22576

AIGO

Screenshot_20180719-214716.jpg

What is AIGO?

AI-Payment is designed to transfer value directly between two parties, without having to go through an intermediary (P2P). The basic transaction is “Push”, although this gal may be a POC for cryptocurrency, it is certainly very sufficient to make them use payments using 
digital currencies for modern trade.

Our Vision and Mission

At present there are many obstacles that prevent the purchase of goods with cryptocurrency if the holder does not convert to fiat currency. Adopting many crypto payment networks such as AI-Payment can cause holders of crypto currencies to be able to transact directly with traders without having to go through additional banking layers. By promoting protocols for high and large transaction volume industries.

Early adopters Early 
adopters are leading businesses from various industries that have committed to the AI ​​Payment Chain. This trader is vol. significant processing can be done at the AIGO Ecosystem. 
Launching Partners We have carefully selected launch partners with the ability to realize AI-Payments’ potential in the area of ​​personal market skills. This market will enable people to empower, pay service fees, and destroy the current revenue allocation model. A-Payments are proud 
As part of a support system that will be developed to promote the adoption of AIGO tokens, we will combine applications as part of our wallets where only businesses have chosen to process with AI Payments. 

How does it work?

In order for cryptocurrency to succeed over time, it must be a core aspect of the ecosystem it represents. The AI ​​Payment Ecosystem will be built entirely around the AIGOPay Token function. Our goal is to create a “De-jure & De-Facto” standard. AI payments for modern payments by adopting strong economic token support.

A wallet

The account dashboard is used to view account details and connect the wallet to the wallet. Wallet is the user’s private key holder. The A-Wallet will facilitate the interaction of bill payments and between accounts. This interaction consists of PullRequests, approves transactions, shows transaction history, and displays account balance.


platform card that we will realize is where the payment system uses an ATM card (A-Card). We will disseminate A-Cards that can help overcome the solution of fiat currency withdrawals (Crypto Card Bank) and also to pay bills at no cost.


Market store that supports AI-System, the purpose of this system is to allow users to buy goods without confirmation from the center, which is instant without significant time lags. This is one of the AIGO Platforms that has something unique from other e-Commerce.

An 
AIGO chain will initially be introduced to the Ethereum network but intends to use other networks to develop signs in the future. The AIGO solution consists of several smart and unique contract components that are united to create a flexible AI Payment Chain.

Sales 
of IEO Vindax Exc Pre-Sales Information 
5 July 2019 – 20 July 2019 
1 AIGO = $ 0.002 
Max. Invest n / a / Participants

Pre-sale supply: 
200,000,000 AIGO 
Softcap: 400,000 USD

IEO Pre-Sales on the Vindax Exchange

Main Sales 
July 23, 2019 – August 31, 2019 
1 AIGO = $ 0.004 
Max. Invest – $ / Participant

IEO supply-sale: 
800,000,000 AIGO 
Softcap: 3,200,000 USD

Public Sales IEO on n / a Exchange

Token Structure

Fees for 1 AIGO token: 0.002 USD (Pre-Sales) & 0.003-0.005 USD (Selling-Main) 
The period of sale of tokens: 30 days with the possibility of automatic initial completion in pursuit of ICO final 
objectives Expanded objectives after the start of the ICO: No 
technical limits tokens: 1,000,000,000 
Customizable emissions: All unsold and unfilled tokens will be destroyed and additional releases of tokens will not be possible 
Safe way to buy tokens: Bitcoin (BTC), Ethereum (ETH), USD Tether ( 
USDT ) Hardcap : $ 3,000,000 
Softcap: $ 500,000

Budget Allocation of Funds

27% Product Development Product 
development in accordance with the roadmap.

39% Marketing, sales, merchant acquisition & partnerships 
Cost to attract retailers to the platform, create partnerships with payment providers, Product builders, loyalty program providers, and other partners.

12% Operations Operating 
costs, salaries of non-technology staff.

6% Legal 
Establishment of the Company and its subsidiaries, contracts with retailers, development of legal opinions on AI-Payment services and retailer operations, etc.

16% 
C-level executive salary management .

Roadmap

November 2018 
Startup Project Development, Corporate Marketing Research

January 2019 
AIGO Tokens v1.0 (ERC-20), Blockchain Research

August 2019 
Testing the next generation blockchain, Testing A-Wallet v1.0 (Android, iOS, Chrome)

December 2019 
Latest AIGO Blockchain Generation Launch, Launch A-Wallet & A-Store v1.0

December 2018 
Make an introduction to the project according to our company base

June 2019 
AIGO Pre-Sales and IEO Sales, Community Campaigns

November 2019 
SDK III – Enables integration with AI-Payment and third-party extension services, testing A-Store v1.0 (Website)

Our Team Members

Companies 
Teguh Saputra 
CEO, Co-Founder

alfan 
Alfan Asyari 
CMO, Co-Founder

bayuu 
Bayu Rheza 
CTO, Co-Founder

danang 
Danang Juniar 
CSO, Joint Founder

yosua 
Joshua Diver 
Head of Research

Tony 
Tony Hartanto 
Head of Software Engineering

upload it 
Upload Rizki 
Head of Investor Relations

foturnity 
Zaaref Knight 
Community manager

Advisor

myf
M Yusuf
COO Amarossa Hotel Indonesia

tonyoscar
Tony Oscar
CEO DeltaChain

Raghav 
Raghav Sawhney 
CMO Bient

b3
Rennie S
Pendiri Crypto Valley Singapore.

b2
Yordan Lyanchev
Co-Founder YouOnlyBlogOnce

b1 
Jeffrey W 
Founder Amnaya

Lalit 
Lalit Bansal 
Founder of Eisys.com

Bharat 
Bharat Ghandi 
Pemasaran SEO-Digital

mbah 
Bowo Soepartingjo 
Founder of China Noodle Restaurant

To get accurate information, you can visit the site below:

Website : https://aigopay.tech/

Whitepaper : https://drive.google.com/file/d/17K2inOew076KJ_iTKL3n4g0tDz8JXUf0/view

Linkedin : https://www.linkedin.com/company/aigopay

Twitter : https://twitter.com/aigopay

Facebook : http://facebook.com/aigopayment

Telegram : https://t.me/AIGO_Global

Instagram : https://www.instagram.com/aigopay/

Medium : https://medium.com/@aigopay

Github : https://github.com/aigo-dev

Username : Ozie94

Profile : https://bitcointalk.org/index.php?action=profile;u=2103066

ETH : 0xDa2F65ea0ED1948576694e44b54637ebeCA22576

Rokes Exchange – a trading platform for buying and selling digital currencies, which is fast, simple, reliable and safe

Introduction

Cryptocurrency industry is growing and gaining momentum. Every day the number of new users and companies in this industry continues to grow. All this is connected with a multitude of factors, among them the decentralization that Blockchain technology presents. It eliminates problems caused by a centralized business system. At the moment there is a problem that I often encounter, is that many owners of digital currencies, investors and traders are very difficult to find a reliable trading platform.

Problems faced by traders today:

  1. Most existing trading platforms have delays in entering or withdrawing. Sometimes, you have to wait 3 days, it is very annoying.
  2. Higher transaction fees.
  3. Very low security. You have probably heard more than once the news about how this or that trading platform was once again hacked, where a large amount of money was stolen. Some new investors do not invest in cryptocurrency, because they believe that the exchanges are not protected and unreliable, and that they will lose their funds.
  4. Poor customer service. A bad habit is that some trading platforms will need more than a week to view your document. Also, support agents are not always ready to answer any of your questions that you want to ask at any time convenient for you.
  5. Some trading platforms have a very inconvenient and complicated interface that is incomprehensible even for experienced and advanced traders.

These are serious problems that are very annoying. But today we will analyze a trading platform that will try to solve these problems.

What is Rokes Exchange?

Rokes Exchange is a trading platform for buying and selling digital currencies, which will be fast, simple, reliable and secure. Rokes Exchange provides you with the best rates for buying or selling digital currencies.

The company is registered and managed in accordance with the laws of Estonia. All customer transactions that are posted and processed directly with Rokes are governed by Estonian law.

Features and benefits:

  1. High security: 
    your personal data will always be encrypted, which guarantees very high reliability and security.
  2. Developers create a trading platform where buying digital currencies will be simple and straightforward, even for beginners.
  3. Rokes Exchange accepts any credit or debit card from VISA or MasterCard.
  4. Only the best and most top cryptocurrencies: 
    Buy your digital assets in a wide range of the most popular cryptocurrencies in the world.
  5. Personal Wallet: 
    Download your documents today, and support will review them within an hour.
  6. Reliable platform: 
    You can use all services wherever you are, and you can always be confident in the reliability of the trading platform.
  7. Customer service you can trust. 
    Support agents are always ready to answer any of your questions that you can ask at any time convenient for you.

Conclusion

The Rokes Exchange is a trading platform with numerous features that allow users to make smart trading decisions, reduce their costs and maximize their profits from each transaction.

The success of each project mostly depends on the team. The project team consists of numerous experts and various Blockchain professionals who have experience in the cryptocurrency world for many years. They will be able to bring the trading platform to a new level and offer a highly reliable and high-speed trading platform for traders.

I believe that the project will be successful, because they provide all the services that users want. 

If you are interested in this project, you can find more detailed information on the links below.

Website:  https://rokes.exchange/ 
Whitepaper:  https://imgur.com/tHH2Y4A 
Facebook:  https://www.facebook.com/CommonsRealty-1034402950064588/ 
Twitter:  https://twitter.com/CommonsRealty 
Telegram :  https://t.me/commonsosexchange 
ANN Thread:  https://bitcointalk.org/index.php?topic=5150243.0

Username : Ozie94

Profile : https://bitcointalk.org/index.php?action=profile;u=2103066

ETH : 0xDa2F65ea0ED1948576694e44b54637ebeCA22576

BILLCRYPT

preliminary 

The development of the Blockchain era has improved decentralized technological progress in everyday life. 

We are proud to announce that we are the first and only one to offer universal everyday concepts from the blockchain. The Billcrypt PL platform will make blockchain necessary for everyone

We introduce new concepts: 

1. BR – Blockchain Representation 

2. ViP – Part of a virtual image (Part of a virtual image) 

3. IVO – ViP Awa offer 

At present, it is very difficult to determine the reliability of information about any object or subject, whether it is a company or a specialist in any field, or product. 

This creates difficulties in decision making. Over the years working in the investment field, we also often face promising financing problems and even business breakthroughs.  

Problem: 

The use of blockchain in real life is chaotic, non-system. Despite the fact that a decentralized system has been around for a long time, and the first blockchain has celebrated this decade, the problem of using Blockchain technology in everyday life is still relevant. Regular users have not used the blockchain themselves, but use it occasionally, apply for some services, for example, checking the authenticity of documents or when registering rights.  

Another problem today for the entire Blockchain industry is the lack of integration, technological fragmentation and project economics. At present, each project is self-sustaining and, as practice shows, not everyone is successful. This is especially true for startups. 

Solution: 

The best solution to all these problems is to create a consolidated universal space in the form of an integration platform, a global universal environment – an ecosystem of technological and economic properties that unites the blockchain (BR). The perfect solution is the BILLCRYPT platform pl.  

Every company, professional community, specialist in any field will be able to make the Blockchain Representative itself on the platform. BR can also be made for goods and in general for all those who need the reliability of historical information. Thus, on the platform from time to time it will make a large BR catalog united with a visual display of truly reliable information about the status and reputation of BR owners. This will be a very important indicator that everyone needs to make the right decision. 

Use Blockchain 

Initially, the BILLCRYPT platform was built on the blockchain Ethereum. 
Ethereum currently has the largest number of nodes among all blockchain, which makes it the most decentralized. 
Blockchain-based Turing Platform. 

The main feature of the blockchain 

• All information entering the block is encoded; 

• Hashing is a guarantee of the conservation of blocks added to the block chain; 

• Digital signatures and keys (private and public) protect information from unauthorized access, ensure security in the system, and inaccessibility of outsiders. 

All information is formed as a data structure and stores various types: 

• Identity Management 

• Documents 

• Management activities 

• Business operations 

• Transaction processing 

• etc. 

Platform architecture 

The platform consists of integrated modules with which you can do any activity in the project. High level of adaptation – This platform allows BR owners to independently combine various modules that suit their needs.

The modules are arranged from a special combination of DApps that are suitable and divided into several groups:

1. Infrastructure 

2. Functional 

3. Payment 

4. Special 

5. Service 

BILLCRYPT Token.

BILC Exchange Name Valuable digital assets protected by the Smart Contract code from ERC20 Standard Published on the Ethereum platform. One-time emissions and limited to the amount of 152 000 000 BILC. 

Tokens can be divided up to 0.00000001 BILC. Over time, more and more BR will be created on the platform, which will require BILC tokens as an internal platform currency for effective development.  

BILS will be needed to: 

• Payments for goods and services; 

• Acquisition of ViP for intra-platform investment; 

• For placements on certain dates (holding) of the amount of collateral; 

• Withdraw funds from the crypto community for investments in various fields ranging from IT projects to the real sector; 

• Payment to users as income; 

• Payment of minimum fees for additional platform services in addition to free packages. 

BILLCRYPT ITO (Initial Token Offer) 

ITO participants BILLCRYPT truly created history, promoting the realization of the concept of innovation and the development of the latest technology. Funds collected from the sale of BILC Tokens, through ITO, will be used to finance the creation and development of the BILLCRYPT ecosystem for the next 5 years.  

PRE-SALE 

In the initial pre-sale stage at the date of writing this version of the White Paper, the initial investor was converted to BILLCRYPT 7 775 981 USD 

TOKEN SALE July 3 – September 30 2019, or when it reaches Hard stamp 

ITO Price – 1 BILC = 1 USD = 0.005 ETH

 Soft cup = 10 000 000 USD = 50 000 ETH 

Hard cup = 80 000 000 USD = 400 000 ETH

 44% of the problems = 66,880,000 BILC will be available for sale at ITO

TOKEN DISTRIBUTION 

Use of funds 

25% – development 

25% – marketing 

15% – stabilization fund 

15% – scaling 

10% – team 

5% – legal 

5% – administration fees 

Project implementation is divided into several stages:

1. Development 

2. Fundraising 

3. Creating a platform 

4. Scaling 

5. Integration with other blockchain 

Roadmap

2016 

The idea of ​​creating a multifunctional blockchain platform is integrated for existing companies, investment projects and investors. Concept formation 

2017

Technology, tasks, solutions. 

Q2 2018 

Project development, economic systems and security systems; Negotiations and conclusions of agreements with project partners, current participants from investment groups; Writing Smart Contracts for BILLCRYPT Tokens; Prepare closed pre-sales; June 27 launch of BILLCRYPT (test version); Start accepting applications for closed pre-sales, price of 1BILC = $ 0.5 

Q3 2018 

Testing period; Continuing the development of projects, economic systems and security systems; 08 08 2018 problem BILLCRYPT – emissions of 152 000 000 BILC Closed pre-sale: price of 1BILC = $ 0.5 Minimum to buy 10,000 BILC = $ 5,000 Conversion of investment funds from existing (initial) investors to BILLCRYPT 

Q4 2018 

Continuous work on the project and the WhitePaper v.1 economic development system is complete Make the project site October 18 – start the final stage of closed pre-sale prices 1BILC = $ 0.6 Minimum to buy 10,000 BILC = $ 6,000 November 16 – open pre-sales (receipt of application) Price 1BILC = $ 0.75 Minimum to buy 20,000 BILC = $ 15,000 

Q1 2019 

Project process modeling; Introduction of BR terms and concepts and ViP; Creating an economic model of innovation; WhitePaper v.2; Negotiate with institutional investors. 

Q2 2019 

Extension of the BR concept; System process modeling; Introduction of IVO terms and concepts (Initial ViP Offer); WhitePaper v.3; Language localization (French, Spanish, Korean, German, Italian, Japanese, Chinese, etc.) Marketing, PR & advertising before the commencement of Sales Tokens; Connect to key figures of the crypto world project; Negotiate with institutional investors. 

Q3 2019 

ITO starts 03.07.2019 € 13:15 UTC Price 1 BILC = $ 1 Legal Application for Exchange Settlement ITO 30.09.2019 05:03 UTC or when hard cup Resolves List of BILC Distribution Exchange Exchange 

Q4 2019 

Platform development, infrastructure, design, layout, MVP Platform Integration with External Resources BILLCRYPT, exchange trading started BILLCRYPT Economic Development 

Q1 2020 

Test running BRs on platforms; ViP testing; Increased market presence; 

Q2 2020 

Complex work on the development of technical and economic platforms; Trial period for launching BR & ViP 

Q3 2020 

for all platform functions; Launch BR with basic functions; Launch of IVO (Initial ViP Offer); Starting from the partnership project platform; Closed pre-sale starts from partnership projects from swimming pools;

 Q4 2020 

Launch the full featured BR; Integration solution; Start an open pre-sale partnership project; Start the ICO 2021 partner project and further expand the capabilities of the platform; World expansion BR & BILLCRYPT 

Project team

Evgeny Kulikov
Founder & CEO BILLCRYPT Head of the Rich-Invest Private Investor Group

Siarhei Lutsenka
Director of Business Development

Daniel Grieg
MANAGING the TECH Team Coordinator 

Zahid Imran
Investment banker, TOP ADVISOR, ICO EXPERT, Representative in the UAE

Conclusion 

Our project is actively developing, respectively, this version of Whitepaper can be considered unfinished. This will be done repairs and additions. An updated version will be posted on the billcrypt.io project site on time. Nothing in this White Paper can be considered as a prospectus of any kind, offer or invitation to invest, and is in no way related to an offer to buy any securities in any jurisdiction. 

This document is not compiled in accordance with the laws or regulations of any jurisdiction intended to protect investors and is not regulated by them. We do not guarantee profitability, we only evaluate and describe the project’s potential and provide expert opinion, which can only be a recommendation, but not a guarantee. 

To get more detailed information please visit the link below:

Website: https://www.billcrypt.io/

Whitepaper: https://docs.wixstatic.com/ugd/2a8396_434624d0fe8246969f305fe7b0911ba3.pdf

Twitter: https://twitter.com/BILLCRYPT1

Facebook: https://www.facebook.com/groups/BILLCRYPT/

Telegram: https://t.me/BILLCRYPTnews

Username : Ozie94

Profile : https://bitcointalk.org/index.php?action=profile;u=2103066

ETH : 0xDa2F65ea0ED1948576694e44b54637ebeCA22576

Invech – the first blockchain/cryptocurrency service from East Timor to create a stable and growing digital economy

Invech

Cryptocurrency Exchange Invech  is a cryptocurrency exchange, first developed by the Invech Group. We have our own token platform Invech Coins or IV, which works on the ERC20 platform. Our licenses, licensed and authorized directly by the Timor-Leste government, cover the entire blockchain structure and cryptocurrency, including cryptocurrency exchanges, ICO, mining of farms, blockchain solutions and others. This is also the first blockchain / cryptocurrency service from East Timor.

Contributing factors:

The quality of education. Recorded in countries that providebetter secondary education in economicsrange, there are much less income differences

VISION

Improving life with blockchain and technology to create a stable and growing digital economy

MISSION

• Introduce alternative currencies through the creation of Invech tokens.

• Attracting foreign direct investment and reducing unemployment.

• Manage crowdfunding through a controlled process.

• Fully donate tokens to tourism and agriculture in East Timor.

• Increased human capital and opportunities for the local Timorese population.Leste

• Provide advice and advice to the government about the blockchain andtechnology related issues.

• Provide education and training to improve livelihoods.

EXCHANGE

We will adhere to a holistic approach to managing our cryptocurrency exchanges. Thus, it provides a safe, secure, multilingual and user-friendly environment for all users internationally.

Exchange function

• Provide relevant orders between buyers and sellers at the best prices.

• Supports multiple currency wallets, which allows you to centrally and easily implement several differentcryptocurrency. The entire cryptocurrency will be automatically protected through multi-signature storage, which allowssecurity and the prevention of external access.

• A complete order book that provides the liquidity you need to instantly buy and sell digital currencies with narrow spreads.

• All cryptocurrency funds will be automatically managed by our integrated wallet software. All funds includedcryptocurrency and fiat (which will be applied accordingly)

• We will support all our users, but not limited to them: English, Chinese, Indonesian, Portuguese, Japanese, and Korean.interface. (The earliest editions will be in English, Chinese, Indonesian, and Portuguese only.) Other languagesadded over time.

• Invech will also install and remove FIAT – Crypto in the near future. We target USD, HKDand IDR.

REGISTER OF INVESTMENT BIRGES CRYPTOKURENT

If you have coins / tokens that you want to register with Invech.io later, participation in our IEO (Initial Exchange Offers) will help. We are currently urging ICO to want to register to contact us directly, because ICO is different in different terms.However, we will thoroughly check all ICOs before registering with us in accordance with our SOP list. You too canSee our website for our listing criteria as soon as available.

ORIGINAL EXCHANGE OFFER (IEO)

We will launch IEO, where tokens will be sold ONLY through our exchanges.The benefits of owning or owning IV tokens.

• Multiplatform – Invech Tokens will be used on all Invech Group business platforms.

• Exchange discounts – get up to 60% discounts on transaction fees when trading with IV tokens.

• Peer-to-Peer Payments – the ability to use it as a P2P-payment for businesses and individuals. mobilewallet will be released.

• Early booking discounts – IEO members can get a token at a reduced price and enjoysign of appreciation after the completion of IEO.

• Crypto-Fiat – The platform for converting IV tokens to Fiat will be launched in 2019.

• Recognized – the Indonesian government recognized IV tokens as legitimate cryptocurrencies.East Timor.

• Being widely accepted – striving to be the main payment method for East Timor – BlockchainSmart City.

• Low risk investment – Invech is a licensed company of the government of Timor-Leste forto conduct and regulate the business related to cryptography.

IEO SALES

175,000,000 IV will be open to the public

IEO will work for 60 days starting November 1, 2018.

Stage 1–30 days: 75,000,000 IV at a 20% discount. Closed for 6 months

Stage 2–30 days: 100,000,000 IV with 10% discount. Closed for 9 months

IV tokens that are not sold to the NOU will be transferred to the Timor Foundation Leste Invech with a three-year grant period.

Soft cover: 75,000,000 IV tokens (24,000,000 US dollars) 

Hard cover: 175,000,000 IV tokens (60,000,000 US dollars)

Pricing for stage 1 LEO: $ 0.32 (after a 20% discount)

Stage 2: US $ 0.36 (after a 10% discount)

1. 30% of the funds will be used to create the Invech platform and improve the system, which includes a set of commands,training and development budget.

2. 30% will be used for branding and marketing of Invech, including constant promotion and training of Invech and blockchaininnovation in industrial media. Adequate budget for various promotional activities to help Invech become popular among people.investors, as well as to attract active users to the platform.

3. 30% will be saved as a backup to deal with emergencies or unforeseen situations that may arise.

4. Security 10% – for security audits, audits, and planned and periodic risk management to cover technical and businessvulnerability process.

For more information: 

Website:   https://invech.io/

TokenSale:   http://tokensale.invech.io/

WhitePaper:   https://tokensale.invech.io/documents/ieo-whitepaper.pdf

Telegram:   https://t.me/InvechOfficial

Twitter:   https://twitter.com/invechexchange

Facebook:   https://www.facebook.com/InvechExchange

Instagram:   https://instagram.com/invechexchange

Youtube:   https://youtube.com/c/InvechExchange

ANN:   https://bitcointalk.org/index.php?topic=5052844.0

Username : Ozie94

Profile : https://bitcointalk.org/index.php?action=profile;u=2103066

ETH : 0xDa2F65ea0ED1948576694e44b54637ebeCA22576

iLink2Music – Music Entertainment Platform for Social Media Powered by BlockChain

2018-11-22_13-09-34.png

What is iLink2Music?

iLink2Music is a creating modified Music Entertainment Social Media Platform Powered By BlockChain, Uniting Artists, Executives and Music Lovers around the globe, paying little regard to their age, comprehension, race or feelings, giving specific worldwide music redirection content, arranging, events, challenges, prizes, things and organizations. We in like manner promise live particular overall show/magnanimity raising help spilling on the web, and what’s more feature remarkable co-creation content proposed to energize and modify the organization of online “way of life.”

How Does iLink2Music Works?

Ilink2music will engage you to make a customer profile that demonstrates your capacity or inclination in the preoccupation business, (skilled workers, specialists or pros) select in difficulties, get found and win first class prizes.

A get-together of experienced fashioners influences the iLink2Music to organize. The key thought is that because of showcase day movements, the straightforwardness and heavenliness of the relationship between BlockChain, the producer of the substance will get compensates especially.

The iLink2Music arrange is a dynamic alternative rather than the entire music industry in casual associations. Moreover, the thing isn’t just an explanation behind ICO, yet the delayed consequence of careful and whole deal research of music space.

Each participant will have the opportunity within the community to find what he is looking for in this world and it would be possible to reveal the talents that will be examined by the authorities in their field.

You can in like manner simply be a music fan that values checking out music, blending or following and supporting others. Each part will have the ability to arrange inside our district to find what they’re hunting down all around, and possibly enable his/her capacity to be examined by productive diversion influencers inside their field; appropriately, changing bit of our phase into a prohibitive worldwide online system in perspective of undefined principles from different standard music TV programs with viable worldwide improvement around the globe.

Token Supply & Details

Token Name: Elink

Min Amount To Buy: $50 USD

Max Amount: $50 000 USD

Token Platform: Ethereum (ERC20)

1 ELINK = $0,005

Total Supply: 10 Billion

Accepted currencies: BTC, ETH, LTC, BCH, XRP, DASH, ETC, NEO, Qtum, TRX, ZEC and Credit Cards through PayPal.

Roadmap

Team

Conclusion:

There is a High Demand for the Company’s Services they Have a Strong Professional Management Team with a Solid and Aggressive Growth Plan additionally they Have a Unique Social Media Platform Powered By BlockChain So It Will Be wonderful endeavor for whole deal and one more sureness that the thinking is yunique and this is only an ico examination by me so do your very own exploration before contribute.

So this is for this article I trust you find this significant and if there in the less explanation that you think you require more explaination in this article then don’t worry I have set up the association of their gathering and profile you can make your request there.

Website: https://ilink2music.co/

Whitepaper: https://ilink2music.co/wp-content/uploads/2018/07/iLink2Music-WhitePaper-Final-V1-1.pdf

Facebook: https://www.facebook.com/iLink2Music.co/

Twitter: https://www.twitter.com/ilink2music

Telegram: https://t.me/joinchat/CZJHGRIZcOG1yhUpm40ndA

Username : Ozie94 

Profile : https://bitcointalk.org/index.php?action=profile;u=2103066

Email address : oziekeylla94@gmail.com

ETH : 0xDa2F65ea0ED1948576694e44b54637ebeCA22576

Zeux – the world’s first mobile application for payments and investments of Fiat and cryptocurrency

Nowadays it is almost impossible to find a zone where cryptocurrency does not come. The prevalence of cryptocurrency allows us to consider ways and claims that will guarantee their openness to ordinary people. Organization Zeux is truly decentralized growth and protects cryptographic surcharges for everyone, Zeux is the world’s first Crypto Mobile app for payment and investment, and we believe that Zeux can help you with your financial freedom, strengthen it with a right and trustworthy framework.

introduction

Zeux’s mission is to transform existing financial services by making complex, costly and burdensome processes for financial management simple, easy and affordable for the customer, making the best services available to everyone. Zeux is an FCA-regulated entity that has launched its product and will officially launch its business in the EU in 2019. The aim is to provide services to the rest of the world by 2020. With your support for the Zeux project, we will accelerate development and bring this premium product to the benefit of millions of users worldwide. By combining blockchain technology, biometrics and artificial intelligence and by bringing together fiat and crypto worlds, Zeux offers an integrated solution that offers more functions for financial services, among which; secure mobile payment for both fiat and crypto, decentralized money transfer, access to multiple bank accounts, access to more traditional and crypto-investment products, a secure selection of personal data and a KYC concierge for seamless account opening. You can easily manage all your financial portfolios on the Zeux platform. All transactions with the Zeux portfolio are conducted in a highly secure environment that meets the highest standards and uses the most advanced security protocols for cyber systems. With the support of Zeux, everything can be done with a few simple clicks. access to more traditional and crypto investment products, a secure selection of personal data and a KYC concierge for seamless account opening. You can easily manage all your financial portfolios on the Zeux platform. All transactions with the Zeux portfolio are conducted in a highly secure environment that meets the highest standards and uses the most advanced security protocols for cyber systems. With the support of Zeux, everything can be done with a few simple clicks. access to more traditional and crypto investment products, a secure selection of personal data and a KYC concierge for seamless account opening. You can easily manage all your financial portfolios on the Zeux platform. All transactions with the Zeux portfolio are conducted in a highly secure environment that meets the highest standards and uses the most advanced security protocols for cyber systems. With the support of Zeux, everything can be done with a few simple clicks. All transactions with the Zeux portfolio are conducted in a highly secure environment that meets the highest standards and uses the most advanced security protocols for cyber systems. With the support of Zeux, everything can be done with a few simple clicks. All transactions with the Zeux portfolio are conducted in a highly secure environment that meets the highest standards and uses the most advanced security protocols for cyber systems. With the support of Zeux, everything can be done with a few simple clicks.

Zeux is an investment platform with an entry that combines the best of traditional investment opportunities with a wide range of crypto investment opportunities. In addition, the Zeux platform rewards those who choose in the cryptocurrency world by giving them a discount on investment costs.

About Zeux

We are a London block-chess fintech startup, supported by Chinese institutional money and founded by an Oxford-trained ex-banker with a group of passionate individuals, each with more than 10 years of technology integration, marketing / user acquisition experience and payment expert advice .

vision

is to give daily consumers the opportunity to maximize the use of their money by discounting their inactive daily use in the right savings and investment products available on the market. With more than 50 potential financial partners in a range of banks, P2P lenders, asset managers and cryptos, consumer markets are growing, but they are difficult to navigate. At Zeux we are trying to build a new generation of digital portfolios that are integrated into an investment platform for both fiat and cryptocurrency.

The first Crypto Mobile payment and investment app in the world, Zeux, will transform existing complex financial services and combine all the essentials of both Fiat and Crypto to help you with your financial freedom.

opportunity

Although this role is called investment banking analyst, the candidate will not work on a DCF model or a chic pitch deck. We have appointed this position to attract the right profile candidates with the right level of career ambition.

PROPERTIES SOLUTION

Secure KYC service

  • Keep control of your private key for your personal data selection

-Open multiple financial accounts with KYC information verified on blockchain

Investment Platform

-Access to multiple investment products on an aggregated platform

  • First investment platform with crypto fund products

Mobile payment

  • Pay with Apple Pay / Google Pay / Samsung Pay to use your fiat and cryptocurrency everywhere

Technology and security

Encoding of personal data

  • Encrypted personal data for the KYC (Know Your Customer) process stored in the personal data vault.

-KYC verification history stored in blockchain with a hash.

-Private key stored in customers’ mobile and managed by customers.

Bank Grade Security

-Zeux technology team has great industry experience in system security within financial services and in-depth knowledge in blockchain.

-Zeux uses multi-layered, state-of-the-art security measures to guarantee system security and safety.

Can I spend half a NEO in stores with Zeux?


Yes, that’s possible! 
If you are interested in how you can use the non-divisible NEO tokens, you pay the Zeux app for crypto payments from the digital wallet. This means that Zeux will be an on-chain transaction in which a round number of NEOs are used, all crypto payments in stores are off-chain transactions. You can pay with half NEO for a coffee with Zeux without any problems. That’s right. It is not NEO 3.0, but you can now do partial NEO transactions within Zeux.

The integrated Zeux løsning


Zeux provides a revolutionary regulated solution that offers a single access platform that gives you access to all your financial product accounts. Zeux uses secure, decentralized, distributed blockchain technology and introduces its own cryptographic technology to enable secure, invariably registered account openings and transaction processes. It becomes fast, easy, safe and reliable.

ZeuxCoin


By keeping ZeuxCoin, you can enjoy cashback on all crypto payments, get discounts on your crypto investment costs and direct access to your secure KYC service. Zeux also gives our customers rewards that encourage active management and tracking of their assets and investments.

You will receive a virtual card that can be used immediately after registration. It is not necessary to wait until a physical card arrives. With Zeux you can immediately convert your cryptocurrency and pay with one click. We currently support BTC, ETH, IOTA, BSV and QTUM. https://medium.com/zeux/using-crypto-in-a-non-crypto-accepting-store-bf7dbdc7b2cb

Token Distribution

  1. Hard cover 15,000 ETH
  2. Soft cover 10,000 ETH
  3. Price 1 ETH = 5,000 ZUC
  4. Write ERC20
  5. A total of 750,000,000 ZUC
  6. Token Sales rewards ZUC 125,000,000

ROADMAP

Website https://www.zeux.tech/

White paper:

– https://www.zeux.tech/assets/PDF/ZEUX-White-paper-Eng.pdf

– https://www.zeux.tech/assets/PDF/Zeux-Whitepaper-Chinese.pdf

– https://www.zeux.tech/assets/PDF/Zeux-Whitepaper-French.pdf

– https://www.zeux.tech/assets/PDF/Zeux-Whitepaper-German.pdf

Bitcointalk thread

https://bitcointalk.org/index.php?topic=5144019.msg51082658#msg51082658

Social Media:

Reddit: https://www.reddit.com/r/Zeux/

Facebook: https://www.facebook.com/ZeuxApp/

Twitter: https://twitter.com/ZeuxApp

Telegram: https://t.me/zeuxapp

Youtube: https://www.youtube.com/channel/UClArtpPddqrhzCrXTwtFFnQ

Medium https://medium.com/zeux

Username : Ozie94

Profile : https://bitcointalk.org/index.php?action=profile;u=2103066

ETH : 0xDa2F65ea0ED1948576694e44b54637ebeCA22576

The Importance of Continuous Audit and Real Time Disclosure

Continuous audit and disclosure is an assurance methodology that automates auditing tasks within an organization or system. The method is differentiated from technology-assisted auditing, which is primarily human driven and involves an auditor using a set of technology tools to complete auditing tasks. Within an organization or system, audit plays a key role in identifying issues related to compliance with internal controls, disclosure controls, data and operational integrity, and other guidelines. To dig deeper into this type of auditing and reporting, Jason Meyers, founder of Auditchain and a 30-year veteran of the finance and investment industry explains. Jason believes there are the top five reasons why continuous audit and real time reporting is so important. 

1. Shortens Audit Cycles

Traditional auditing is a time sink. Most organizations perform quarterly backward-looking reviews and/or annual audits. What happens between these audit seasons? Lots. Few organizations actively perform auditing tasks during these watershed periods. This slows down the audit process significantly because issues that occur during these periods go unnoticed and unaddressed until the next audit cycle. Continuous audit, on the other hand, allows an organization to run faster and more efficiently. There are no audit cycles. Its “clean as you go”. It’s a view of the last 5 or 10 minutes with the ability to generate reports containing relevant, actionable information. In code speak, its compiling on the fly. 

2. Speeds Up Issue Resolution

As audit cycles shrink, remediation speeds up. Consider two similar organizations, A and B — A runs traditional audit cycles while B uses continuous auditing and reporting. When a compliance issue arises, organization A may not flag it right away. Organization B, on the other hand, will flag the issue in real time and be able to implement corrective measures. In such a scenario, organization A is operating at a significant disadvantage to organization B. This illustration shows how speed-to-resolution can influence not only operational efficiency but also affect competitive advantage. 

3. Improves Audit Objectivity

Over a traditional audit cycle, management collects data to the best of its ability and within its subjective understanding of data collection requirements. The result is highly subjective data, says Jason Meyers, data which will then be used to generate audit reports. This subjectivity of data leads to subjective reports that are intended for data-driven decision-making purposes. It is easy to see how this is not an efficient way to run an organization or system. Continuous auditing improves audit objectivity and operational efficiency by presenting all audit evidence at the time events and transactions occur. This data can then be subjected to compliance matrices that generate audit queries that occur in near real time. 

4. Introduces Dynamic Customizations

Traditional auditing uses rigid “check the box” audit procedure that is difficult to modify. For example, when analyzing a balance scorecard matrix, it becomes difficult to modify parameters that are independently set at various levels of the organization. With a continuous audit system, you can introduce new parameters on the fly and remain confident that the system will capture and analyze all relevant data. Within such an audit framework, says Jason Meyers, an organization can keep pace with changing compliance parameters, or respond to audit queries in a customized and highly specific manner. 

5. Enhances Reporting Granularity

Firms that use traditional auditing methods struggle to gain granular visibility of operational processes, says Jason Meyers. This challenge is brought on by the widely accepted audit practice of statistical sampling. By collecting a sample of accounts, auditors they may not have granular visibility of the processes they are auditing. This trade-off is acceptable but far from perfect. Traditional audit methodology focuses on “materiality”, not accuracy. Continuous audit relies on 100% transaction inclusion. By including 100% of all system events and transactions, auditors can offer a more detailed view of processes, helping auditors make better recommendations to management. 

Taking Continuous Auditing a Step Further

While continuous auditing is prevalent in large organizations that can afford the technology investment, smaller firms too can benefit from it. What is needed are opensource frameworks that rely on emerging technologies such as blockchain. Auditchain, along with DCARPE Alliance, an accounting, audit and financial reporting consortium, is leading the development a decentralized continuous audit and financial reporting protocol, says Jason Meyers, the project founder.Issuers of digital assets as well as the exchanges that trade them will be the biggest beneficiaries of continuous audit and real time financial reporting. Traditional periodic audit is a galaxy away from the external validation process employed by most public blockchains. “That’s what Auditchain does” says Jason Meyers. “It is an enterprise external validation network”. 

Comparing Traditional Audit and the DCARPE Methodology in Blockspeak

The difference between traditional audit and the DCARPE Assurance and Reporting Protocol can be described in this way; In traditional audit methodology, block times are once every 90 days. The audit procedure includes a single external validator acting alone, applying tentative and conditional validation of each of the first three blocks with a broadcast of the results of each tentative confirmation at least 30 days following each tentative block confirmation. The fourth block following the first three blocks includes a tentative confirmation of each of the previous three blocks and includes the fourth block for a total of four blocks with the exclusion of SegWit in the forth tentative confirmation. 

Does that sound ridiculous to our crowd? That’s how the global capital markets have been externally validated for over 85 years. The DCARPE Assurance and Disclosure protocol works vastly different. First of all, block times are as frequent as one minute. The results are also vastly different. In blockspeak, its a network of external validating nodes operated by independent CPAs and Chartered Accountants not in cooperation or collusion with one another providing external validation of three categories of assurance; system and control, financial data structure and accuracy and disclosure control compliance. To boot, the external validators are paid by the network, through a gamified Nash incentive system using the AUDT Token.

AUDT Token

 Details of IEO LAUNCHES 

IEO DATED June 14, 2018 08:00 UTC 

TOKEN ALLOCATION

6%: Early Contributors and Adopters

40%: Token Sale

18%: Air Drop

10.3%: Advisors

10.3%: Team

10.3%: Partnerships

5%: Bounties

ROADMAP

2ND QUARTER – 2019
Launch of MVP & Token Generation Event

4TH QUARTER – 2019
Node Testing

2ND QUARTER – 2020
MainNet Launch

3RD QUARTER – 2019
Auditchain TestNet

1ST QUARTER – 2020
DCARPE™ Explorer
xBRL™ Analytics

3RD QUARTER – 2020
Commercial Launch 

Team Auditchain 

Conclusion 

The current market for accounting and audit infrastructure software is dominated by large scale enterprise resource planning systems. The majority of solutions are usually cost prohibitive for most small and medium sized enterprises. The individual enterprise user cost to install and use the DCARPE™ Network protocol software may prove be substantially less expensive as the result of the decentralized cooperative cost structure of all services provided by the Auditchain network. Additionally, the fexibility and scale of the DCARPE™ architecture may theoretically accommodate any size enterprise user. Depending on the number of Non-Federated nodes deployed by the enterprise, mining for AUDT may theoretically offset the entire cost of the accounting, audit, compliance and reporting obligations of the enterprise. Financial markets will beneft through the reliability of immutability, real-time assurance, real-time presentation of fnancial performance and insights into enterprise, development and network performance on a dynamic basis in a manner not previously possible. Auditchain represents a substantial evolution towards new accounting, audit and reporting methods. Furthermore, early adopters may enjoy a competitive advantage through cost savings and capital attraction as the result of its implementation.  

To find more relevant details please follow some sources for the following reference:

Username : Ozie94

Profile : https://bitcointalk.org/index.php?action=profile;u=2103066

ETH : 0xDa2F65ea0ED1948576694e44b54637ebeCA22576