- Estonia is considering its own crypto currency!
- Bitcoin donations for election campaigns in USA!
- Greeneum a Token to trade with energy!
- Enigma another ETH ICO hack!
- LAtoken makes $ 8.5 million on first day of the Public Token Sales!
The Baltic country is less well known even among blockchain enthusiasts, but it is unjust. With a favorable starting position and wise decisions for the future, Estonia has developed into one of the most digitized countries in the world. With its eResidency program, it offers every citizen the opportunity to participate in his achievements. Now Estonia is taking a step further and is even considering the introduction of an "Estcoin".
After the fall of the Soviet Union, the crippling grip of communism subsided, and in 1991 Estonia regained its independence. While the widespread mismanagement revealed its damage, this situation also brought a new chance.
During the rebuilding of the administration one was inspired by the advent of the Internet. Integration should catapult the administration of the Eastern European country.
Today, 1.3 million Estonians benefit from a fully digitalized management that minimizes costs and transforms annoying bureaucracy into handy applications. Around 600 digital applications are open to the public, while almost 1300 more are available to businesses. While in many countries the administration is slowly changing from paper to computer, the following things can be handled digitally in Estonia:
- Pay with the mobile phone parking fees
- Digital prescriptions for medicines
- To start a company on your own PC within 18 minutes
- Apply for government subsidies, such as parental allowances
- Online elections
The simple scalability of a digital administration has resulted in the development of the eResidency project. Anyone can apply for digital citizenship and thus benefit from many simple applications. Thus, a company can be founded, for which applications of the Estonian administration can be used. This allows you to link a PayPal account to the company in a matter of minutes, set up bank connections, and still be completely global and independent - just a trend in the emerging scene of the "digital nomads".
Currently, the rate of new entrants in the eResidency program exceeds the Estonian birth rate. There was a question for Kaspar Korjus, head of the Estonian eResidency program, what would happen if the program had 10 million digital citizens?
The fact that the administration is already digitized allows it to integrate new digital projects more quickly. Even China considered the introduction of a crypto currency, so the idea was not alien to Estonia.
Kaspar Korjus wrote in a blog entry:
The situation may seem unfamiliar, but Korjus described the possibility "to invest in a country" with a national ICO. But the idea is not as new as it seems. Norway, for example, developed an oil fund named "Statens pensjonsfond", which conserves the great profits from the oil deposits of the North Sea for the generations to come. With wise prospect, the Norwegians decided to make provision for the time when the oil would run out.
Currently, the fund counts around 840 billion euros, which would mean around 150,000 euros for each Norwegian. Interestingly, the fund is reinvesting in Norway. It is hardly surprising that Norway is the most developed country in the world after the HDI (Human Development Index).
An ICO would represent a similar development for Estonia: investors could invest in the country's opportunities, which, according to Kaspar Korjus, could mean particularly strong developments in the long term. Through a cooperation between the public and private sectors, Estonia could invest in future-oriented projects like Artificial Intelligence, while at the same time acting as a model for a digital society.
Before the support can begin, the proposal of an ICO must be examined first. After that, a white paper will be prepared that will illuminate the value of an Estcoin. It will also examine how the investment can be used to develop the digital nation. As soon as a pilot project is available, it can be scaled and deployed, according to Kaspar Korjus.
More and more politicians hope to gain more attention and higher donations with Bitcoin through election campaign donations, like Patrick Nelson, who is a candidate for the US House of Representatives.
The former Bernie Sanders supporter will host his campaign on the elections in November 2018, where he is nominated for the Democrats. The donations will be handled by the Bitcoin payment service provider BitPay. For Nelson not the first time, in 2015 he had taken election campaign donations in Bitcoin.
Bitcoin is, however, not only part of its donations, but also part of its marketing campaign by actively promoting innovative technologies such as Blockchain and Bitcoin. Already in 2014, the Federal Elections Commission (FEC) adopted guidelines for the receipt of Bitcoin donations. However, Bitcoin donations are capped at a value of $ 100.
Nelson is not the first US politician to put on a donation with Bitcoin. The Senator from Kentucky, Rand Paul, had also set on Bitcoin for his presidential election.
How many bitcoins have been collected by election campaign donations is not known. For most politicians the marketing effect for the campaign will probably be weighted higher. However, it should not be forgotten here that donors who prefer to stay undetected can be very attractive to donate in Bitcoin. If in the future the limit for Bitcoin election campaign donations is raised, this could be an attractive opportunity for some "secret" donors to support the preferred candidate.
The Digital Startup Greeneum is planning to set up the Greeneum Network. The project aims to connect all participants in global energy supply chains and to participate in the network.
The starting point is the increased incidence of technologies for the production, storage and transmission of renewable energies and their promotion by the public authorities of many industrial nations. Since the nuclear reactor disaster in Fukushima in 2011, a lot has happened in the German legislation on regenerative energies. The expansion of the green share of our energy consumption is therefore steadily increasing.
In contrast to conventional types of energy generation such as coal or nuclear energy, however, the generation of regenerative energies is more dependent on external influences such as wind and light and thus less reliable. This can lead to temporary bottlenecks in the energy supply. Greeneum now wants to solve this problem. For this purpose, the Greeneum Network uses the Blockchain technology, Smart Contracts and Artificial Intelligence to improve energy supply chains, create (green) energy and the associated data more reliably, store and act. Greeneum's algorithms are used to provide real-time forecasts for the energy market, making energy management easier for producers and consumers.
Greeneum has decided to create its own token, the Greeneum Coin, in order to promote its goal and ensure the necessary monetization for the Greeneum Network. The token is intended to finance the production, storage, transmission and peer-to-peer trade of energy within the network. The Blockchain based database of the Greeneum Network allows the exchange of energy data with Greeneum Coins. The system for trading with energy is directly connected to a local electricity network to allow P2P energy trading.
The ICO for the Greeneum Coin starts on 15 September and offers potential investors to acquire token until 15 November.
Once again, hackers managed to hack an Ethereum ICO. At the ICO of Enigma, half a million US dollars were stolen this week by hacking the social media accounts and the landing page to the ICO.
The Enigma Blockchain project provides investment data and strategies for traders and is run by MIT graduates. To start an investment round, an ICO was created, with funds to be collected with Ethereum.
The hack took place on 21 August and about 1,500 ETHs currently worth nearly 500,000 US dollars were lost.
This has once again caught an ICO. Only in July made CoinDash news, where their ICO was hacked and nearly 7 million US dollars were stolen.
The LAToken platform, which enables the tokenization of assets, has resulted in the launch of its Token Sale on August 22 token worth approximately 8.5 million US dollars. This means that the first round of the ICO, which runs until August 29, has already been concluded by 85%.
The LAToken platform, which enables the tokenization of assets, has a platform that acts on the blockchain, which acts as a trade-bar for assets such as equity, debts, real estate and works of art. On the platform, stocks of Apple, Amazon and Facebook, as well as gold and oil, have already been issued to allow crypto investors to diversify their portfolios with blue chips, secure assets and commodities.
LAToken's Public Token Sale started at 11:00 GMT on August 22nd. It will be divided into four phases, with one investment class being tokenized in each round: equity (1st round), real estate and land (2nd round), debt and raw materials (3rd round), other illiquid assets, for example art works 4th Round). Due to the high demand during pre-sales, the number of LATs to be issued in the first round was increased to a number of 30 million, with the price for LAT being 0.001 ETH in the first round and rising in the coming rounds.
"LAToken believes that crypto values will eventually dominate the global economy. To get a bit closer to this day, we are building a kind of NASDAQ on the blockchain, with a higher level of assets that can be traded. We are very pleased that so many people share our vision and believe in LAToken, "said LATOKEN CEO Valentin Preobrazhenskiy.
For owners of assets: LAToken decrypts the value of assets and allows owners to sell tokenized parts of it to crypto investors.
For investors: LAToken provides global access to tangible assets that can be acquired with crypto currencies, including low transaction costs and maximum transparency and security.
LAToken CEO has already invested $ 1 million in the market, which was founded in 2013 and has completed over 1,000 transactions with 35 banks and investors last year alone.
In my yesterday's issue of Crypto News you can read more about LAtoken.
Who wants to participate in the Token Sale can do this here.
