Chintai is a new token leasing platform which allows you to lease your EOS tokens to other users who need more CPU or bandwidth on the EOS network. Chintai empowers EOS token holders by enabling the token holder to set the terms of the lease. These terms include interest rate and the duration of each token lease.
At the moment, the lease duration runs from 7 to 28 days. As more EOS Dapp developers create projects using the EOS network, the demand for EOS tokens and their corresponding CPU and bandwidth will increase.
Chintai solves the CPU problem for developers while creating income opportunities through leasing contracts for EOS token holders.
Chintai uses Scatter for login, but plans are in place to add additional wallets in the future.
Bitshares was the most active cryptocurrency with 59.7% of all blockchain activity. Steem ranks number 2 with 20.4% of all activity. Ethereum is number three with 8.3%. EOS is gaining ground with 6.2%. Bitcoin accounts for 2.8% of all activity. The remaining crypto market makes up 2.6%.
Bitshares also ranks number 1 for number of transactions with over 4,700,000 transactions. Steem is number 2 with over 1,300,000 transactions. Ethereum has over 700,000 transactions and EOS has over 420,000 transactions. Bitcoin has over 200,000 transactions.
Major League baseball hopes to use crypto to engage young fans. For years collectible trading cards attracted young baseball enthusiasts to the game. MLB Crypto Baseball is a digital trading game that will encourage collecting digital avatars inspired by plays and moments from actual baseball games.
The game will be on the Ethereum blockchain. The MLB plans to roll out the game in stages in order to teach the general public about cryptocurrency. The first step will involve using metamask and buying ether. The game will gradually progress into buying and selling digital collectibles.
Several other sports teams are also exploring using cryptocurrency in their marketing. The Dallas Mavericks have expressed an interest in using crypto and the Sacramento Kings are exploring cyrpotcurrency mining for charity.
The embracing of crypto by the sports world will make cryptocurrency go mainstream much quicker which is welcome news for early investors.
Derek Capo, CEO of Tokenpay, recently participated in a livestream where he discussed some of the recent developments with Tokenpay. You can listen to the livestream at Tokenpay Livestream
Capo went to great lengths to describe the importance of creating a strong infrastructure for Tokenpay. The primary focus is to create an entire ecosystem for Tokenpay which will make mass adaption possible on a global scale. Tokenpay recently made news when they purchased over 9% of a German bank. The bank acquisition enables Tokenpay to offer many traditional banking services such as merchant services and debit cards. The combination of traditional banking services with cryptocurrency makes Tokenpay somewhat unique in the world of cryptocurrency.
Tokenpay has also announced a new partnership with Litecoin. Litecoin is one of the few coins listed on Coinbase which enables a level of accessibility to consumers. Many new investors begin their crypto journey on Coinbase where crypto can be purchased with fiat. By partnering with Litecoin, Tokenpay is immediately exposed to a new customer base, the new crypto investor. Tokenpay has also partnered with Verge (XVG) in a deal earlier this year.
When questioned about the partnerships, Capo spoke about the cost of customer acquisition. Every customer has a cost per customer and a cost of conversion. By partnering with Litecoin and Verge, Tokenpay was able to expand their customer base instantly.
Capo also spoke of plans for a decentralized exchange. The exchange would also have some kind of affiliate system so that exchange users are rewarded for recruiting new customers.
One of the most interesting aspects of the interview was the plan to offer investment certificates. For instance, you might invest in a privacy certificate which would be a fund comprised of the top ten privacy coins. Investing in this type of fund also alleviates the fear of the extreme volatility which can be so common in the crypto world.
The all encompassing plans described by Capo make it very clear that Tokenpay is here for the long term. As many coins disappear from the market, I find the methodical building blocks of the Tokenpay ecosystem to be both reassuring and exciting to behold.
Tokenpay has been very aggressive in insuring the usage of cryptocurrency for the masses. The idea of crypto being some limited investment tool is foreign to the Tokenpay team and their actions confirm this every day.
A few months ago Tokenpay purchased a 9.9% stake in a German bank. According to German law, 9.9% is the maximum percentage an entity can own without further regulatory approval.
Tokenpay has now announced a new partnership with Litecoin. Tokenpay will join forces with Litecoin which will result in more consumer services for consumers interested in investing and actually using cryptocurrency. Some of these services include debit cards, a decentralized exchange, and a platform for quickly processing ecommerce payments.
Tokenpay expects to add several hundred thousand new customers with the announcement of the Litecoin partnership.
During the last 7 days EOS accounts for 6.5% of all blockchain activity. EOS surpassed Bitcoin in blockchain activity in less than a month. The most active cryptocurrecy for the last 7 days is Steem with 36.1%. Bitshares is in second place with 30.6%. Ethereum is in 3rd place with 16.4%. Bitcoin holds steady with 5%. All remaining currencies combined are at 5.5%.
The most interesting thing about these figures is that the Blockchains of Dan Larimer, EOS, Steem, and Bitshares, account for over 72% of all blockchain activity. My question is, “When will the world notice and what happens when it does?” Many speculate that EOS will upstage Ethereum in the near future. As the usage of these altcoins increases, when does the price of Bitcoin become less important to the overall crypto market? I think we will see a decoupling of Bitcoin from the altcoin market in the near future.
Givecrypto is a nonprofit group whose goal is to distribute cryptocurrency to people in need. The nonprofit organization was started by Brian Armstrong, CEO of Coinbase. The fund will comfrom investors of cryptocurrency. Some of the supported cryptocurrencies include. Bitcoin, Ethereum, Bitcoin Cash, and Ripple.
For many years the main problem with helping impoverished areas is actually getting the money to the people who need it. Between corruption and problems with logistics funds raised by charity organizations often never make it to the intended party.
Integrating cryptocurrency with nonprofits solves these problems.
Tron’s new mainnet, Odyssey 2.0 was released on May 31st without much fanfare. Odyssey 2.0 has been running smoothly for several weeks. Tron was originally supported by the Ethereum blockchain.
During the past year Tron has taken some major steps to become ranked number 10 in market cap. A team of 200 hundred people leads Tron which has raised over 3 billion dollars. With the release of Odyssey 2.0, Tron has gained its freedom from Ethereum and taken the most important step toward decentralization. Tron currently has 254 nodes globally. The election of super representatives began today in a step toward self governance.
Stephen Kendal compares Steemit to Facebook. Kendal explains why a future 500 billion dollar valuation of Steemit is quite possible. As a new generation of investors pour more money into the crypto market, will stock certificates be replaced with cryptocurrency?
We are already seeing the ecosystem of Steem expand. Every week we are seeing new dapps developed for the Steem Blockchain. Whether we are posting on Dtube, Dsound, Tasteem, or any other decentralized app, we are still a part of the Steem ecosystem. As we watch Steemit add various communities and niches, Facebook seems like a very stagnant socoal network. The ever changing nature of Steemit makes the Steemit community all the more exciting as we watch our once small community grow.
One of the main problems with cryptocurrency is the volatility of the price. In order to be able to use cryptocurrency on an everyday basis for everyday things, you need some stability in the price. Buying groceries with crypto would be nearly impossible when the coin is up one day and down the next. For this reason a stabilized cryptocurrency has long been the goal of many in the traditional financial world.
“Reserve” may be the stabilized currency the world has been waiting for. As of now “Reserve” has received the backing of some major players in the financial world including Coinbase and Peter Thiel (founder of paypal).
While still in the developmental stage, the general idea is to have a cryptocurrency that maintains a peg which will encourage usage and give it stability. This stability could be life changing in countries where inflation has run rampant and the local currency is failing.
We expect to see some major developments with “Reserve” in the near future.