Flux Gaming Platform

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

FLUX announces the open token sale starting December 10th. FLUX is the first real gaming ecosystem based on blockchain technology with the aim to unite all stakeholders of the gaming industry – gamers, community-members, virtual game asset owners, bloggers, developers and investors. The team of FLUX creators includes professionals with deep practical experience in e-sports, game industry, digital television, media, blockchain technologies, and has an excellent practical understanding of market structure, consumer behavior, conversion attraction models.

The team is thankful to each participant of the closed pre-sale held from December 1st and is now ready to welcome everyone to the FLUX community.

FLUX is the first platform of its kind, and its economy assumes absolute transparency and absence of boundaries which provides new possibilities to monetize any game and activities around it thanks to the unique FLUX COIN token. FLUX, and its own token (FLUX) will be the main means of payment within the ecosystem. Each person that registers before December 10th receives a 35% token bonus. Moreover, if you invest more than $500k, a personal escrow plan called SICS (Special Investment Control System) will be applied to you. This plan is a strong insurance that funds attracted via an ICO are correctly used according to the initial agreements. According to it, the FLUX team will receive only 15% of the allotted budget and will then take partial payments from said budget during the development process. If the investor’s expectations are not met, they can withdraw the funds anytime. Thus, Investors can always keep their project investment process under control and make themselves safe from financial losses. It is highly important to notice that FLUX Token Sale provides the community with VISA/MC investments availability.

Our first milestone is to release a fully functional matchmaking platform based on Etherium by the end of Q1 2018. Prior to this, FLUX will conduct the second and final token sale without bonuses, so don’t miss out on the opportunity to purchase tokens during the open sale with bonuses on December 10.

With the help of blockchain technology and smart contracts, the whole process becomes as transparent and automated as possible, which makes the platform a strong extension of the existing industry and enables the use of crypto currency in real business.

Contact Email Address
sm@dailyco.in
Supporting Link
https://flux.fund

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Regulation

Bitcoin’s skyrocketing price has triggered a wave of warnings from regulatory institutions. The European Central Bank (ECB) has implored the European Union (EU) to regulate bitcoin, whilst the Associated Chambers of Commerce and Industry of India (ASSOCHAM) has urged India’s government to take legislative action against bitcoin. The highly anticipated launch of institutional bitcoin futures markets has also prompted the Hong Kong Securities and Futures Commission (SFC) to warn traders of the risks posed by trading unregulated bitcoin futures markets.

Also Read: Deutsche Bank: Bitcoin is One of the Greatest Market Threats in 2018

Record Prices Prompt Regulatory Warnings Regarding Bitcoin

With bitcoin seemingly establishing new all-time highs every second day, a number of institutions are pushing for greater regulatory action on the part of governments.

Earlier this week, Ewald Nowotny, a member of the ECB’s governing council and the governor of Austria’s central bank, urged the European Union to develop bitcoin regulations. Mr. Nowotny stated: “Simply because of the scale, it is certainly increasingly necessary to discuss whether and in what form regulations are needed here,” adding “A particular aspect that needs to be discussed…is the question of how far the regulations on money laundering…are relevant here.”

Mr. Nowotny reiterated the position that regulating bitcoin falls outside of the legislative Futures Markets and Record Prices Spark Regulatory Warningspurview of the ECB, emphasizing that it will be up to the EU to develop a regional juridical apparatus for the cryptocurrency. “Ultimately, we must settle this at the European level,” Mr. Nowotny stated.

ASSOCHAM Advocates ICO Ban

The Chamber Secretary of The Associated Chambers of Commerce and Industry of India, General D S Rawat, has urged India’s regulators to develop a policy framework for bitcoin. General Rawat expressed concerns pertaining to the ecological impact of bitcoin mining, and also asserted that Indian startups are increasingly becoming attracted to initial coin offerings (ICOs) as a vehicle for the raising of funds – urging that regulators move to ban ICOs.

“Until the government decision comes with either yes or no, the ICO’s should be immediately banned otherwise financial frauds will go on. India should take a call to lead at international level by opposing China for power supplies to Bitcoin miners which is causing massive emission of Carbon and is also posing a consequential threat to the environment.”

The Hong Kong Securities and Futures Commission Warns Against Trading Unlicensed Bitcoin Futures

Futures Markets and Record Prices Spark Regulatory WarningsHong Kong’s SFC has issued a document warning traders against using unlicensed third parties as an intermediary through to trade bitcoin futures.

The document states “Bitcoin Futures have been or will soon be launched by certain well-established futures and commodities exchanges in the United States which are regulated by the U.S. Commodity Futures Trading Commission and authorized by the Securities and Futures Commission (“SFC”) to provide automated trading services. Hong Kong investors may be able to trade in Bitcoin Futures through an intermediary which is a member of these exchanges…The industry is reminded that a party is required to have an appropriate license with the SFC if it provides any other business services relating to Bitcoin Futures which constitute a ‘regulated activity’. This is irrespective of whether the party is located in Hong Kong, so long as its business activities target the Hong Kong public.”

The SFC also states that “some cryptocurrency-related investment products may be regarded as ‘securities’…parties dealing in, advising on, or managing such products in Hong Kong, or targeting such services to investors in Hong Kong, may be subject to the SFC’s licensing, conduct and authorization requirements,” adding that “Parties engaging in the above activities without a relevant licence or authorization from the SFC may be committing a criminal offence.”

What do you make of the recent spate of regulatory warnings pertaining to bitcoin? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, Wikipedia, ASSOCHAM


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Chinese Whale Buys Fleet of F1 Cars Worth £4 Million with Litecoin

Services

Browsing social media, one could be forgiven for thinking that the bitcoin community is all about Lambos. One cryptocurrency user is proving that their interests are more diverse, however, by buying a whole fleet of F1 supercars.

Also Read: Parity Calls for Ethereum Hard Fork to Reverse $230 Million Bug

Used F1 For Sale, Second Hand from a Racer

Chinese Whale Buys Fleet of F1 Cars Worth £4 Million with Litecoin2011 F1 Sauber Ferrari outside Mayfair fine art gallery

A Chinese individual has agreed to purchase four rare F1 cars, valued about £4 million in total, from the UK’s Heritage F1 dealership. The sale, subject to standard verification, is to be completed entirely in litecoin.

The flagship car in the fleet is the 2011 Sauber Ferrari C30 which was driven by Kamui Kobayashi (who achieved 5th place with the car at the Monaco Grand Prix) as well as by Mexican driver Sergio Perez. The vehicle has a carbon-fiber body, a 2,400 cc V8 engine, and seven-speed semi-automatic carbon-fiber gearbox.

All four cars are said to be fully raceable and track-worthy, but are also meant to appreciate in value as investments.

Luxury Investments

Chinese Whale Buys Fleet of F1 Cars Worth £4 Million with Litecoin2011 F1 Sauber Ferrari outside Eleesa Dadaini’s Mayfair fine art gallery

The F1 deal was orchestrated by London-based art dealer Eleesa Dadiani who we wrote about back in July. Her gallery offers buyers the opportunity to purchase art using bitcoin, ethereum, ethereum classic, ripple, litecoin, or dash.

Eleesa Dadiani, founder of Dadiani Syndicate, commented: “We are hugely excited to be conducting the sale of these exquisite machines in cryptocurrency. Cryptocurrency is not just about ‘getting rich’ – it is about facilitating trade and investment in a more transparent, decentralised way.”

Mike O’Connor, founder of Heritage F1, added: “The sale of this breath-taking collection of Formula One cars, in cryptocurrency, will set a new precedent and open up a whole new international market to us. There is increasing demand for the purchase of luxury assets in cryptocurrency, and we are confident that this sale, in partnership with Dadiani Syndicate, is just the first of many to come.”

Are bitcoin whales the new force to shape the luxury buying market? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, Dadiani Syndicate.


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Israeli Regulator Won't Allow Bitcoin Firms Be Included in Stock Indices

Regulation

While still claiming to want innovative companies to establish themselves under his jurisdiction, the top Israeli regulator today came out against bitcoin-related businesses.   

Also read: Gold Mining Company’s Shares Jump 1,300% After Switch to Bitcoin

Bitcoin Not Welcomed on TASE

Israeli Regulator Won't Allow Bitcoin Firms Be Included in Stock IndicesSpeaking this morning at the Hi-tech Growth and Debt Financing Conference held at the Tel Aviv Stock Exchange (TASE) Prof. Shmuel Hauser, the outgoing ISA Chairman, talked about his views on regulation and investor-protection in an age of technological progress.

Setting the tone of his speech, which included many other innovations other than those bitcoin-related, he said: “we want make sure that fintech will not be a revolution that creates anarchy. We don’t want fintech to be viewed as a jungle  of investments in which the interests of the public are not protected.”

When addressing the issue of bitcoin, after the obligatory ‘this looks like a bubble’ regulators routinely say these days, the professor added: “I would like to emphasize that we will not allow companies whose values are based on bitcoin values, such as ‘Mashabei Teva’ to be included in TASE indices. We will also consider not to allow trading in ‘back-door’ ‘costumes’ of bitcoin or alike, on TASE until we find suitable regulatory framework for such instruments.”

What Goes Up

Israeli Regulator Won't Allow Bitcoin Firms Be Included in Stock Indices‘Mashabei Teva’ which the professor singled out is the Israeli brand of TASE-listed Natural Resource Holdings, a precious metals company whose stock price jumped 3,750% after it announced a switch to mining cryptocurrencies. Investors bailed as a response to these remarks and the shares crashed by about 36% as of the time of this writing.

The ISA head still made an effort to show he is open to innovation in his speech today. He said: “As for the ICOs, the story is different…I believe that the issue of issuing digital currencies (ICO tokens) must receive a favorable regulatory approach, perhaps even a courageous one.”

Do bitcoin related businesses even need to be listed by legacy financial institutions? Tell us what you think in the comments section below.


Images courtesy of Shutterstock.


Do you like to research and read about Bitcoin technology? Check out Bitcoin.com’s Wiki page for an in-depth look at Bitcoin’s innovative technology and interesting history.

U.S. Bitcoin Futures Markets Pump Up ETF Optimism

Finance

Many individuals and organizations believe that the launch of bitcoin-based futures markets have ‘opened the doors’ for bitcoin exchange-traded funds (ETF). Now that Cboe’s derivatives markets launched, new ETF filings have been sent to the U.S. Securities and Exchange Commission (SEC) from financial firms such as Vaneck and REX.

Also Read: Parity Calls for Ethereum Hard Fork to Reverse $230 Million Bug   

U.S. Regulators Revealed They Would Not Approve Certain ETFs Until Futures Products Existed — Now They Are Real

U.S. Bitcoin Futures Markets Pump Up ETF OptimismThe idea of bitcoin exchange-traded funds has been a ‘holy grail’ mission for many bitcoin proponents and businesses. Many firms from the U.S. have applied to the SEC regulators office but have been either denied, or the company withdrew its application. Back in September news.Bitcoin.com reported on a few ETFs withdrawing their filings because the SEC revealed it would not review ETFs based on exchange traded bitcoin derivatives products until they exist.

“On a call with the [SEC] staff on September 20, 2017, the staff expressed the view that it is the Commission’s policy to not review a registration statement for a fund where the underlying instruments in which the fund intends to primarily invest are not yet available,” explained Vaneck at the time.

ETF Filings Sent to the EDGAR System Started This Week

U.S. Bitcoin Futures Markets Pump Up ETF OptimismHowever, now that Cboe has launched its futures instruments, and CME Group will begin its derivatives trading next weekend, ETFs are going to try for approval again. Cboe’s futures have been going wild and reached a high of $18,900 for contracts that expire in January on December 10 and 11. Vaneck applied for a bitcoin ETF the day after Cboe’s launch, and REX initiated its filing three days prior.

“Vaneck Vectors Bitcoin Strategy ETF (the “Fund”) seeks to achieve total return,” reveals the ETF summary which needs approval from both the SEC and the Commodity Futures Trading Commission (CFTC).     

The REX funds will be called the Bitcoin Strategy ETF and the Short Bitcoin Strategy ETF which will utilize the principal listing exchange for each fund based off of the Cboe BZX index.

“The Funds are actively managed and are not expected to invest directly in bitcoin. As such, the Funds can be expected to perform differently from the performance of the bitcoin,” explains the REX filing. REX originally filed for the same ‘long and short’ funds back in August.  

Although the REX Short Bitcoin Strategy ETF seeks to provide “short” exposure, the Fund does not promise or seek to provide any specific negative multiple of the performance of bitcoin or Bitcoin Derivatives (as defined herein) over any specified period of time.

Other filings will likely follow by re-filing again with the SEC and CFTC such as the Winklevoss attempt ‘COIN’ and the Proshares Trust II. The COIN fund was set to be listed on the Bats exchange but was rejected by U.S. regulators, and Proshares is attempting to have its ETF products sold on the New York Stock Exchange (NYSE). Now that futures markets have started to trade publicly, ETF filings may get a second chance at redemption from regulators.

What do you think about the ETFs trying for a second attempt? Do you think the futures markets have opened the door for these types of funds? Let us know in the comments below.


Images via Pixabay, SEC, Vaneck and REX logos.


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Japanese Internet Giant GMO Offers to Pay 4700+ Employees in Bitcoin

News

Japanese conglomerate GMO Internet Group has introduced a payroll system to allow its 4,700+ employees to receive part of their salaries in bitcoin.

Also read: South Korea Clarifies Position After Reports of Possible Ban on All Crypto Transactions

GMO Introduces Bitcoin Salary Payment System

Japanese Internet Giant GMO Lets 4700+ Employees Receive Salary in BitcoinJapanese Internet leader GMO Group has announced that its employees can start receiving part of their salaries in bitcoin beginning in February of next year for the March pay period. This option will initially only be available to employees of GMO Internet Co. Ltd but it will gradually extend to the entire group, the company detailed in its announcement on Monday. According to the company’s website, GMO Internet has 4,710 full-time employees as of September this year.

The company also listed 42 subsidiaries on its website which are part of the GMO Group. They include GMO Coins, the company’s cryptocurrency subsidiary, and GMO Click, one of the world’s largest FX platforms.

In order to facilitate salary payments in bitcoin, the company explained:

The GMO Internet Group has decided to introduce a system that allows part of the salary payment to be received as bitcoin in order to promote ownership of our domestic employees’ virtual currency.

The minimum bitcoin payment will initially be 10,000 yen (~$88) and the upper limit will be 100,000 yen (~$881). Each salary payment in yen will be reduced by the amount of bitcoin payment paid, using the exchange rate at the GMO Coins exchange. Employees who create an account at the GMO Coins exchange “can receive bitcoin on the same day as their payday,” Nikkei described.

GMO Promoting Crypto From Within

Following the launch of its cryptocurrency trading platform in May, GMO announced in September its plans to begin a mining business. The company plans to spend 10 billion yen in the next few years to build a mining farm as well as to research and develop 7nm, 5nm, and 3.5nm mining chips. In October, GMO announced that it plans to sell mining boards equipped with 7nm chips using token sales.

Japanese Internet Giant GMO Lets 4700+ Employees Receive Salary in BitcoinIn Monday’s announcement, the company stated, “The mining business is currently preparing for the start of business beginning in January 2018.”

“The GMO Internet Group will contribute to the development of virtual currencies in the world by promoting efforts related to virtual currency throughout the group,” the company noted, adding that:

In order to further strengthen these approaches to virtual currency, it is important for employees to actively use virtual currency first by improving [their] virtual currency literacy.

What do you think of GMO offering to pay their employees in bitcoin? Let us know in the comments section below.


Images courtesy of Shutterstock and GMO Group.


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Howard Stern, Saturday Night Live Reference Bitcoin as Popularity Grows

Featured

The Year of Bitcoin is finishing strong, as its spread into the mainstream, from finance to popular culture, gains traction apace with its price increases. From The Big Bang Theory dedicating a bitcoin subplot to an episode to Startup creating an entire series around the topic, the world’s most well-known cryptocurrency is getting a new boost, with giants like The Howard Stern Show (Stern) and Saturday Night Live (SNL) now entering the fray. 

Also read: New Wallet from Opendime, the Coinkite Coldcard, is Cypherpunk Cool

Howard Stern, Saturday Night Live Reference Bitcoin as Popularity Grows

King of All Media, Howard Stern, Doesn’t Know Anything About Bitcoin

“Well, they’re now bitcoin billionaires,” Robin Quivers, co-host and news anchor on Stern, announced during a brief segment 4 December 2017. “Are you into this whole bitcoin thing?” she asked Howard Stern, radio broadcast icon currently under contract at Sirius XM Radio, a satellite paid-content provider.

“No, no I am not,” Mr. Stern answered dismissively. “Good for those guys,” he said, alluding to the ecosystem’s most well-known twins. “They’re all bent out of shape losing out on” Facebook, as detailed in the movie The Social Network (2010).

“The investors made famous by suing Mark Zuckerberg,” Ms. Quivers continued, “claiming he stole the idea of Facebook from them, have made bank on the digital cryptocurrency. They owned about 11 million dollars worth of bitcoin four years ago. Its value has grown by more than 10,000% just this year, skyrocketing their investment to more than a billion dollars,” she noted.

Mr. Stern, 63, has broadcast professionally in one form or another for over 40 years, and is well-known to his largely American audience for ribald commentary and irreverence. Ms. Quivers, 65, is Mr. Stern’s long-time on-air companion, serving often as the show’s voice of reason in addition to her news vignettes.

“You can’t spend bitcoin anywhere, can you?” Ms. Quivers wondered.

“You’re asking the wrong dude,” Mr. Stern answered, bewildered. “Bit…coin. I don’t know anything about it,” he declared. “All I know if I was Mark Zuckerberg, I would buy bitcoin just to f**k with those two guys. You know what I mean?” he smiled.

Howard Stern, Saturday Night Live Reference Bitcoin as Popularity Grows

Live from New York, it’s Saturday Night!

Belushi. Murphy. Ferrell. Crystal. Fey. And now add Bitcoin. That’s right, crypto joins the longest-running sketch comedy show in American television history, NBC’s Saturday Night Live, during its 43rd season.

This weekend’s cold open, “Visit with Santa,” added a silly twist: kiddos brought up rather adult topics, shocking the jolly good fellow.

The skit features two prominent cast members, Kate McKinnon (Justin Bieber, Hillary Clinton, Jeff Sessions) and Kenan Thompson (Big Papi, Steve Harvey). Ms. McKinnon was also in the female Ghost Busters. Mr. Thompson is the most tenured cast member in the show’s history (since 2003).

The scene opens to Amy (the elf) and Santa. Children ask for presents, and then quickly pepper poor Santa with questions regarding present controversies including sexual harassment allegations, Israel, tax cuts, opioids, and even Trump. Mr. Thompson’s character breaks and asks, “What the hell is wrong with these kids?!”

Finally, Jenny ascends to stand beside Santa, assuring him she does not want gifts this year. “I just want everything to be okay,” she announces. Amy the elf tries console Jenny.

“Eventually, good people will fix our country,” Ms. McKinnon’s character explains.

Jenny nods, “Okay, good. But just in case I’m putting alllllll my money in bitcoin.”

What are your favorite bitcoin mentions? Let us know in the comments section below.


Images courtesy of SNL, Howard Stern Show.


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Meet Cash Shuffle the Privacy-Centric Protocol for Bitcoin Cash

Technology

This week a new bitcoin cash (BCH) based protocol has been released that aims to add privacy capabilities to BCH transactions. The software, called Cash Shuffle, enables BCH users to obfuscate their transactions by combining funds with other Cash Shuffle users.

Also read: Bitflyer CEO Says Japan and Leverage Is Leading Bitcoin Markets Higher

Cash Shuffle Obscures Bitcoin Cash Transactions

Meet Cash Shuffle the Privacy-Centric Protocol for Bitcoin CashPrivacy is a big deal for many cryptocurrency advocates as anonymity projects and confidentiality is a very hot subject. Now bitcoin cash supporters will be pleased to hear about a new BCH shuffling protocol called Cash Shuffle. The program is different from basic cryptocurrency mixing services where users have to trust the operator while also paying a substantial fee.

Cash Shuffle claims there are no additional fees and no counterparty risks involved. The Cash Shuffle server is open source and written in the codebase Go. Further, there is an actual implementation that runs today and it’s available for review on Github. Although the server has no knowledge of inputs, the software still needs users to aggregate together to be more efficient.  

“Coin Shuffle is an excellent protocol once the participants for a joined transaction have already been chosen,” explains Coin Shuffle’s website. “However, it provides no means for establishing such groupings. Cash Shuffle builds upon CoinShuffle and adds a matching service. As such, it is a more complete and usable protocol.”

The server, like the individual participants, also has no knowledge of which input corresponds to which output — The server cannot steal money in a proper Cash Shuffle implementation because the transactions are only signed on the client side if they are valid.

‘Privacy and Fungibility Are Vital for Cryptocurrencies’

Meet Cash Shuffle the Privacy-Centric Protocol for Bitcoin CashThe well-known bitcoin cash wallet Electron Cash has been made operable with the CoinShuffle protocol in the form of a plugin. News.Bitcoin.com spoke with the Electron Cash lead developer, Jonald Fyookball, who told us that Electron Cash is unaffiliated with Cash Shuffle, but that the code appears safe for users upon initial review.    

“I’m glad to see privacy-centric protocols being developed. Privacy and fungibility go hand in hand and are vital for cryptocurrency  free people living in a free society should have a right to privacy without fearing the state peering into their personal finances,” he said.  

Just as important: Governments and other institutions should not be given room to start blacklisting coins, as this threatens the foundation of the currency. Each coin should be the same as another (fungible) — Cash Shuffle and protocols like it will increase ambiguity and “coin-taint” across the spectrum of transactions so that all coins will be more similar to each other.

Across forums and social media, the bitcoin cash community seems pleased with the project that adds privacy to the BCH economy. Alongside the website, bitcoin cash supporters can also follow the Cash Shuffle team’s development progress via a Twitter page created this past October.

What do you think about the Cash Shuffle project? Let us know in the comments below.

Disclaimer: Bitcoin.com does not endorse nor support this product/service.
Readers should do their own due diligence before taking any actions related to the mentioned company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.


Images via Shutterstock, Cash Shuffle, and Pixabay. 


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Parity Calls for Ethereum Hard Fork to Reverse $230 Million Bug

Security

Hard forks to reset a cryptocurrency to a previous state can be very contentious, tearing apart communities of supporters into warring factions. Ethereum already underwent such a scenario after the DAO debacle, creating a precedent, and now Parity is asking for a hard fork. 

Also Read: A Hacker Gained Access to the Bitcoin Gold Windows Wallet Github

You Need a Fork to Squash a Bug

Parity Calls for Ethereum Hard Fork to Reverse $230 Million BugThe team behind Parity Technologies, the developers of the Parity multi-signature wallet, have called today for a new hard fork of  ethereum in order to solve the consequences of a recently found bug in the code.

In a blog post about the subject, the Parity team mentioned past issues that plagued ethereum, and tries to cast their recent incident as just another example. They fail to mention that more than half a million ether, worth over $230 million in current prices, were involved in this particular case.

They write: “All of these funds are provably non-recoverable without a change in the blockchain’s state, opcode upgrades or consensus rules modification….No one should be under any illusion that unlocking these stuck funds would be anything other than a rescue operation – and would only be possible with a hard fork.”

Three Options

Parity Calls for Ethereum Hard Fork to Reverse $230 Million BugThe Parity teams lists three possible courses of actions at this point in time. The first would allow private key holders affected by certain issues to withdraw their ether as suggested by Vitalik Buterin. This approach, they say, will not cover the funds frozen in the Parity wallets because the relevant contract still contains code.

A second solution would be an address-specific recovery. They explain that this focuses on capturing as many edge cases as possible but is not tightly defined.

The third solution, suggested by Parity, is a change to the protocol which would allow the revival of ‘suicided’ contracts. They anticipate that this proposition will lead to a lot of disagreements but hope that the community will eventually get behind it.

Is a hard fork a legitimate solution to hacks, bugs and other issues? Share your thoughts in the comments section below!


Images courtesy of Shutterstock.


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Crycash Gaming ICO

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

CRYCASH, the revolutionary token for gamers, will run its token sale through December, 12, 2017 – January, 15, 2018

December 7, 2017 – СRYCASH, an independent decentralized ecosystem of products for gamers fueled by its CRYCASH token, announces its crowdsale will start December 12. In preparation for this token sale, CRYCASH has already established its first partnership with Crytek, the videogame developer and publisher of the legendary original FarCry and Crysis franchise. Within this cooperation Crytek will use the CRYCASH platform as an advertising service to attract new players to its current and future products and implement CRYCASH as one of the payment methods in the CRYENGINE Marketplace. Also, Crytek will integrate the CRYCASH token into its online games where suitable, starting with Warface Turkey.

Wachtang Budagaschwili, CRYCASH CEO, said: “The gaming industry lacks effective tools for players to monetize their game time, collaborate and communicate. On the other side, game developers are also challenged by high customer acquisition costs and comparatively long time to market. CRYCASH solves these problems by introducing revolutionary custom-tailored products for players and developers. We’re proud to start our token sale having Crytek as our first partner which will allow us to immediately bring CRYCASH to millions of players”.

Crytek Managing Director Faruk Yerli said: “Already several times Crytek has revolutionized video gaming industry with its award-winning products such as the original FarCry, Warface, Crysis Franchise, and Ryse: Son of Rome and that have been enjoyed by more than 50 million players around the world. Being a trendsetter in gaming, our strategy is to introduce the benefits of new technologies before they become mainstream. We’ve been looking into blockchain for a while now and, having reviewed various cooperation proposals, we finally chose CRYCASH as a technological partner. We were impressed by the team’s innovative approach to creating products that can add great value to players, and for Crytek it’s a new business opportunity to attract additional gamers.”

The CRYCASH Ecosystem will offer four major components:
1) Plink – the first application for gamers designed for collaboration and communication among players and receiving CRYCASH tokens for completing tasks from game developers and advertisers. Plink will also be used as a wallet for CRYCASH holders;
2) Marketplace for CRYENGINE community with built-in SDK of the blockchain-based CRYCASH platform where CRYCASH token holders can pay for in-game assets and services;.
3) Advertising platform for game developers;
4) CyberSports platform for gaming tournaments, eSports betting, and events.

The CRYCASH ecosystem will utilize its own CRYCASH token. To ensure its seamless flow within the ecosystem and secure its stability, CRYCASH will apply its BuyBack model which implies spending up to 80% of profits for buying the CRC token at exchanges to reward users for completing tasks set by game developers.

CRYCASH (CRC) will start its token sale on December 12, 2017, 19:00 UTC, and run it through January, 15, 2018, 18:59 UTC. Early birds will receive a 15% bonus within the first 120 hours of the token sale. Then the bonus amount melt by 1% each 24 hours until 18:59 UTC on December 31, 2017. The initial price is set 0.001 ETH per 1 CRC. There’s a 20% ‘big fish’ bonus throughout the whole token sale for those willing to contribute 200+ ETH. Currencies accepted: BTC, ETH, BCH, LTC, DASH. All contributors will receive a chance to be the first to test Plink – the revolutionary application for gamers.

Register at http://crycash.io/ to buy CRYCASH, follow us on https://twitter.com/cry_cash

About CRYCASH Ecosystem
CRYCASH is a decentralized ecosystem of custom-tailored products for gamers consisting of Plink, a dedicated mobile application for players’ communication and collaboration and a wallet for CRYCASH earned for completing game tasks; a marketplace for virtual items trading; Cyber Sports platform for eSports betting and events; and an advertising platform for game developers. The CRYCASH ecosystem utilizes its own CRYCASH token with already confirmed partnership with game developer and publisher Crytek, whose games are enjoyed by millions of players around the world. Visit CRYCASH to learn more.

Media contacts
media@crycash.io
Supporting Link
https://crycash.io/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.