Crypto exchange Sonata.ai is getting ready to hit the road

Crypto exchange Sonata.ai is getting ready to hit the road

Crypto exchange Sonata.ai is getting ready to hit the road

Sonata.ai, is the next-gen cryptocurrency exchange in the making, they are completing their plans for an extensive road show. The planned road show will be in Europe and Asia and it will start in the second half of January 2019, it will be covering multiple crypto and fintech oriented events like Crypto Investor Show in Manchester or Chain Plus+ in Seoul. The team at Sonata.ai is also currently scheduling private meetings with investors. The main topic of the presentation will be the security token offering of SONT token.

 

Follow Sonata.ai on Media, to see the road show plan, first-hand: medium.com/@sonata_exchange

ICOs are still with us

As the regulations gradually will clarify the potential legal issues of the new decentralised economy, we are witnessing new opportunities in the crypto world. We can see a growing interest of what were previously hesitant users. Others, who have feared the grey zone are now at least considering the option to jump on-board. Many have predicted an end for ICOs already during 2017. But by the end of 2018 the industry is smarter, more proficient and ICOs are still here. The year 2019 is looking to be very optimistic as many capable projects are rearing to go.

Although ICOs were (until quite recently) fully in the hands of utility tokens, the year 2019 seems that it will belong to security token offerings. The excessive abundance of utility tokens represents an idea contradictory to what we see in the real world. Most people want to use cryptocurrency as ordinary money, without the need to exchange between hundreds of coins. They want to take advantage of the security and versatility which crypto can provide.

Security tokens lead the way

Another type of token offered by initial coin offerings are security tokens. STOs (security token offerings) can be embraced by investors who understand that not every monetary interaction should have its proprietary token. There is just no natural demand for “sexcoin”, “potcoin” or “breadcoin”. These coins are used just for mere speculations, although they are promoted as a digital counterpart to money.

Security tokens are closer to stock. The stock market is real, it is an important part of the global economy and has existed in some form since almost the 15th century. An easy way to recognise a security token from any other type (e.g. utility or equity token) is to take the Howey test. The security tokens can establish an investment contract with contributors, who on the other side can anticipate future benefits in the form of dividends. Dividends can be represented as a revenue share or as a price appreciation.

Minefield worth venturing to

These days, it is challenging to navigate the legal minefield of security tokens. Even acquiring a proper licence to be able to sell security tokens on crypto exchange takes a long time in months. The prices for legal services and licences are tremendous. Although countries like Malta, Gibraltar and Switzerland are building legislative frameworks for new companies to operate, there is still a long way from achieving a smooth boarding process.

We got the cold shoulder in Czech Republic. There is no official procedure or licence that would allow us to offer our tokens there. Our lawyers suggested to try it out in other crypto-friendly countries and that seems to be a valid way to do it. Now it’s just a matter of time.”, says the main investor and CEO of Sonata.ai, Eduard Sedlmajer. The company is pushing forward to acquire all necessary legalities to provide trading of STOs on its platform.

Sonata.ai to take advantage of STO

Sonata.ai is a crypto exchange created in co-operation with brokers and Forex analytics. The platform is built on a security-first approach and offers advanced AI features to improve overall user-experience. Sonata.ai’s own security token SONT will reward it’s owners with 80% from all collected fees. These rewards will be sent to registered supporters once they pass the KYC procedure.

In addition, Sonata.ai is currently working on its way to become full STO trading framework – an exchange market for security tokens. This, in combination with the aforementioned revenue model, makes it a perfect example of an STO with great prospects for the future.

Platform that delivers

Sonata.ai is being co-created together with active traders. The focus point of the designers is to create a straight-forward interface with a minimalist concept combined with a functional approach. The exchange also offers margin trading for its users, a feature much anticipated by token holders. Margin trading is a way to multiply a traders’ profit in the case that a trading operation is successful. The team of Sonata.ai is perfecting an AI-based system, that will automatically pair lenders and borrowers and close the trade before the lender gets himself to the red numbers

Main features of Sonata.ai:

  • Unprecedented security on cold storage.
  • Built to perform at every level.
  • Margin trading protected against a negative trade.
  • Social network elements, including chat rooms.
  • AI-based price prediction.
  • AI-based trading assistant.
  • Bot-friendly API.
  • Simple and transparent listing of coins and tokens.

The finished exchange promises to be a seamless trading experience with long-term profit for both brokers and holders. The platform will be officially launched in first half of 2019. For more information about Sonata.ai please check out and peruse our webpage www.sonata.ai.

For media inquiries, please contact Radim Bastan at radim@sonata.ai. If you would like to meet with a representative of Sonata.ai during the January tour, please send an email to Tomas Prochazka at tomas@sonata.ai.

YouTube’s Blockchain Rivalry is here !!

YouTube’s Blockchain Rivalry is here !!

Rival of Youtube !! Yes you heard it right; a South Korean Crypto Company named SUCON came up with  SU-WORLD; a online media contents streaming platform.
SUCON literally means ‘ SUPER CONNECTION ‘ and ready to be  the intermediate fulfilling the objectives of SUCON.

SU-WORLD  definitely compensates the content creators with SU-COIN , but interestingly viewers will be paid for watching and commenting ; which would make the platform more engaging and all rewards would be based on SU-COIN and the market it attracts. As the advertisers can select their form and design to get their target audience and furthermore help themselves for legitimate marketing.
For Miners there is a innovative method ‘ Storage Renting System ‘ which would compensate miners for storing the various media contents.
These days major advertising-driven platform like Facebook and Google  are phasing out ads for cryptocurrencies, shielding themselves from potential legal liability, if the ads are scams or the digital coins are eventually regulated as securities. Video creators with an interest in cryptocurrency say that’s also a factor driving them away from the big names.Platforms like SUCON are decentralized ,keep more power—and potentially, privacy—in the hands of creators and users. 

◆ Just the creation of SU-WORLD by SUCON  solved following problems :-
1. SECURITY
–  No chance of hacking with the help of DLT.
2. Eliminating need of Big Data Center
– With ‘ Storage Renting ‘ for miners.
3. Copyrights protection
– All Transactions on Ledger.
4. No Brokers
– Decentralized and P2P interaction.
5. Commission Free Platform
– Creators/Viewers well compensated .
6. Ultra High-Speed
– Thanks to the DLT of transactions.

Creators can expect to retain significant control with blockchain sites because there are few barriers if they decide to leave, Like email, it’s relatively easy to switch to a similar site if one doesn’t likes. And because of the decentralized nature of SUCON, tech-savvy users can find ways to post controversial material, even if he tries to block or ban it. With blockchain, people will finally have the chance to be rewarded for their time, attention, and data. No longer will their valuable data be controlled by a few giant companies.

Check more at www.sucon.io

MyWish launches ICOPool Smart Contract.

MyWish launches ICOPool Smart Contract.

MyWish launches ICOPool Smart Contract.

Yes,you heard right MyWish, a platform which helps in developing smart contract without the know-how of coding.

💠 Key Highlights of the ICOPool Smart Contract :-

➡️Zero Commission Fees.
➡️After an official deployment of an ICOpool no one has the right to change an address.
➡️Can work with/without KYC.
➡️An original code of every ICOpool Smart Contract is uploaded & verified on the Etherscan.
➡️ Decentralised  Smart Contract.
➡️ Cost of the smart contract is 2 ETH.

Why ICOPool Smart Contract ?

ICO investing is becoming increasingly difficult for very small investors.Angel Investors and Private pre-sale investors are enjoying all the added benefits of ICO’s. Small public sale investors are clearly facing the heat with minimal allocation/Airdrop and lack of discounts.ICOpools are emerging as alternate option for small investors. There exist several ICOpools  in current market. Most of them are non-trustless Pools. Investors are generally aware of the high risks involved with non-trustless Pools. MyWish is eliminating these risks by introducing Smart Contracts for ICOpools.

For more information:-

Website :- https://contracts.mywish.io

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