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What Is Tradelize?

Trading is an integral part of the cryptocurrency ecosystem. Investors and speculators buy, sell, and trade cryptocurrencies on a regular basis. Tradelize wants to up the ante by giving regular holders the ability to achieve similar trading results compared to skilled professionals. 

The Concept of Tradelize

Although it may sound a bit confusing at first, Tradelize is a very simple idea. It allows users who usually don’t dabble in cryptocurrency trading to earn more money by giving them the right tools. This should result in higher profits for investors, whereas pro traders can experiment with these same tools. Leveling the playing field in the world of cryptocurrency trading will not be easy, but it’s not impossible either.

The Tools to make it Happen

Tradelize is building a cryptocurrency trading terminal that is both easy and accessible. Through this interface, users can trade cryptocurrencies across major global exchanges. It is a bit similar to how most people already trade in 2018, but for non-traders and novice users, this could very well be an option worth checking out. There are never any guaranteed profits when it comes to cryptocurrency trading, though, as this market remains incredibly unpredictable.

Additionally, Tradelize will expose non-traders and novice users to trading strategies used by top-rated professional traders. This allows users to rely on other people’s trading patterns, which can be both a good and a bad thing. Copying someone else’s strategy is never a good idea, but it will make the initial learning curve less steep. Developing one’s own trading strategies is still the best option from a long-term perspective.

Last but not least, there will be a dedicated Tradelize app. Considering that most consumers rely on mobile devices these days, a strong focus on mobile for cryptocurrency trading seems to make a lot of sense. All of the successful trades by professionals will be recorded on the blockchain, which will allow investors to pick the traders they wish to eBits. ‘ProTraders’ will be awarded up to $500,000 in funds to manage so that they can develop proper trading strategies for future investors.

The TDZ Token

As we have gotten used to in this day and age, every innovative platform needs its own token. Tradelize will use the TDZ token, which adheres to the ERC20 token standard. These tokens will be used to pay fees on profits generated by investors, perform trading, and access related services. They also act as a reward for referring followers. A maximum of 30 million tokens will be sold during the ICO, although it remains to be seen if this hard cap will be reached.

Looking Ahead

With lots of work still on the horizon, it is evident the Tradelize team has their hands full. For the time being, they are working on the brokerage implementation and commercialization of the Tradelize solution. Web and mobile apps will follow in Q3 of this year, followed by further developments in Q4 and beyond. It is a project which sounds incredibly powerful on paper, but it remains up to the team to deliver on their initial promises.

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Blockchain Guides

What Is the Tari Protocol?

There can never be enough competition in the world of blockchain technology. The people responsible for creating the Tari protocol certainly seem to agree. This new solution will enhance the digital asset experience by introducing increased convenience, security, and liquidity. It is a tall order, although the project has some significant people backing it.

The Purpose of the Tari Protocol

It is always interesting to see how existing cryptocurrency and eBitsdevelopers are trying to bring major changes to these industries. In the case of Tari, the new digital asset experience protocol aims to bring positive changes in the coming months and years. This particular venture was created by a team of veterans, including the lead maintainer of Monero, the CEO of a music merchandising company, and the co-founder of Ticketfly.

The project is an open source blockchain protocol designed specifically for digital assets. Tari is not just for developers or corporations, as it targets consumers as well. Given the increasing interest in digital assets, there is a growing need for more convenient solutions when it comes to managing these assets. Tari wants to make that happen, as the project is mainly interested in eBitsoutside the realm of cryptocurrency.

More specifically, the current focus ranges from event tickets to in-game items and loyalty points. Although blockchain-based solutions exist in this regard already, there are still restrictions to contend with. Corporations and service providers currently struggle to control assets after distribution, mainly because there is no adequate infrastructure in place to make this process easier.

The negative side of that approach is that it prevents companies and consumers from reselling or transferring digital assets. It leaves a potential revenue stream completely untapped and causes unnecessary friction. Tari is designed to change this by letting businesses and companies manage and transfer digital assets in a flexible manner. It should also help reduce the number of fraudulent digital assets, which is extremely important where event tickets are concerned, for example.

Tari’s co-founder, Riccardo Spagni, comments:

I’m excited to draw from my experience to build something on top of Monero, and to create a modern digital assets-focused protocol that leverages the Rust programming language. We have the resources to expand Monero’s world-class developer community, and I look forward to launching and stewarding a next-generation protocol that is truly useful.

It is evident that bringing blockchain technology to major industries will be challenging. It seems to be an ideal solution for digital asset management, but most existing projects aren’t suited for this specific purpose as of right now. Whether or not Tari can make a meaningful impact in this area remains to be determined. It is good to see more competition in this regard, especially when it is an open source platform rather than a proprietary implementation.

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Blockchain Guides

What Is Bitcoin Incognito Cryptocurrency?

For those people who can’t get enough Bitcoins in their life, a new option is emerging. Known as Bitcoin Incognito, it is another attempt at fixing some of the glaring issues which Bitcoin presents. Whether or not this new fork will succeed is unclear, but more competition isn’t necessarily a bad thing.

Anonymity and Bitcoin in one Package

One of the biggest misconceptions people have about Bitcoin is that it is anonymous. That is anything but the case, though, as Bitcoin has neither anonymity nor privacy features. The currency allows one to be pseudonymous – similar to an online nickname – but not anonymous. Some projects are trying to address this lack of anonymity through various means.

In the case of Bitcoin Incognito, there isn’t much information to go by at this time, as the project was only announced Friday afternoon. From what little information has been made public, it’s evident Bitcoin Incognito will primarily focus on proof-of-stake and masternode solutions.

Anyone who has paid close attention to the various altcoins on the market will have noticed that masternodes are quickly becoming more popular. It is a system that many currencies are embracing, although it is not something one would ever see as being part of Bitcoin itself. Bitcoin Incognito thinks it is a good time to take the plunge in this regard, although it remains to be seen how this will pan out when combined with proof-of-stake capabilities.

Additionally, the new project will make use of the eBitsprotocol to provide anonymity features. It will convert publicly visible BTCi into fully anonymous zBTCi. Sending the anonymous version will appear as normal BTCi to the recipient, but there will be no traceable route indicating where the money came from exactly. It is somewhat similar to how other currencies using the Zerocoin protocol operate. Furthermore, it seems Bitcoin Incognito will make use of a feature known as SwiftTX. This is not a unique feature, as it is found in a fair few altcoins. Even so, it will allow Bitcoin Incognito’s users to send transactions faster and cheaper compared to Bitcoin and most altcoins.

It is evident that the project has some interesting ideas, although it remains to be seen whether this particular altcoin will gain any major traction. Various newer versions of Bitcoin have popped up in recent months, yet none have made any lasting impact other than Bitcoin Cash. Changing this situation will not be all that easy, but that doesn’t mean launching new projects is no longer worth it.

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Blockchain Guides

What Is FuzeX Cryptocurrency?

Even though decentralized currencies such as Bitcoin and Ethereum have opened the floodgates to innovative solutions within various sectors in recent years, the process of putting one’s crypto wealth to everyday use is still quite cumbersome and inconvenient.

FuzeX is an all-new blockchain service that seeks to deploy alt-currencies for everyday purposes. The core offering of the company is an innovative card which basically serves as a crypto-enabled e-card.

The FuzeX card is identical in size and thickness to a standard credit or debit card, and consists of these core components:

  • An EMV chip
  • Dynamic magnetic strip
  • E-Paper Display (EPD)
  • Three input/option buttons
  • Rechargeable battery and charging terminal

The FuzeX card allows users to store, manage and use up to 30 credit, debit and cryptocurrency accounts via a single platform. This helps make financial accounting seamless and allows users to keep accurate tabs on their daily spending habits.

Overview of the system

  • The FuzeX card comes prebuilt with buttons to power on/off, enter pin codes, make selections, and authorize payments.
  • Through the use of a native E-Paper Display (EPD) module, customers are able to view their balances across various accounts as well as scan QR codes to procure rewards and blockchain addresses.
  • The platform has been designed to facilitate hassle-free P2P transfers between crypto wallets.
  • Thanks to the Bluetooth connection module that links the FuzeX card and wallet, the platform is able to maintain a high level of security and integrity.
  • Customers are also provided with the option to securely lock their FuzeX cards when their wireless connections are disrupted for any reason, thereby allowing for an additional layer of security.

Key Features

As mentioned earlier, the FuzeX ecosystem allows users to connect their accounts (credit, debit, rewards, and cryptocurrency) via the native FuzeX wallet app. Once all of the preliminary synchronizations have been completed, customers are able to make payments using their FuzeX cards without having to go through the trouble of pulling out their smartphones or wallets.

Layered representation of the FuzeX e-card

Additionally, the FuzeX card, when paired with the native wallet, functions as an independent hard wallet for one’s private keysThese fragmented private keys are encrypted and stored within the ecosystem and can be accessed by users only after they have unlocked their FuzeX card and wallet with a secret pin code and an account password.

The wallet allows users to store, spend, receive, and transfer tokens, and provides them with features such as validation of customer registrations (including KYC), and management of crypto portfolios by allowing customers to send, receive, and exchange alt-tokens on a single platform.

Visual depiction of the FuzeX exchange

 

Lastly, the FuzeX exchange acts as the backend protocol that helps facilitate cryptocurrency adoption and allows users as well as merchants to switch between alt and fiat assets (USD, EUR, JPY, and any other local currencies) seamlessly.

How it works

The user first has to download the FuzeX wallet app and create an account on the FuzeX exchange. They then have to transfer the desired amount of crypto from an external wallet to the native FuzeX wallet.

Overview of how transactions work within the FuzeX ecosystem

To make purchases, customers have to select their cryptocurrency of choice from the FuzeX card using the built-in buttons, and the user is provided with real-time exchange rates.

If they are satisfied with the rate provided, he or she swipes their card on the merchant’s POS device. The merchant subsequently receives an authorization for the payment, and the purchase is completed. The buyer also receives an automated purchase summary on his or her FuzeX wallet app.

FuzeX exchange transaction flow

However, according to the whitepaper, a user “must approve transactions on the FuzeX card when the cumulative spending balance surpasses $300 USD (limit adjustable) to finalize the transfer of cryptocurrency payment from his/her user account to the FuzeX exchange.”

About the team

Andrew Bae is the CEO of this project. According to his LinkedIn profile, Andrew specializes in product management and marketing, and has previously been associated with established ventures such as:

  • BrilliantTS (President and CEO)
  • CrucialTec (Vice President and Co-Founder)

Michael Park is the Chief Technical Officer of FuzeX. He describes himself as a crypto enthusiast whose core interest lies in “merging today’s burgeoning IoT sector with the blockchain domain”. Michael is an alumnus of Kwangwoon University and previously served as the Vice President of the IoT/B2B solution team at Samsung for nearly two decades.

Lastly, Daniel Kim is the CBO of this venture. He possesses a BSc degree in Computer Science from Macquarie University and has previously worked for companies such as:

  • Kona Co. Ltd (Global Sales Director)
  • CrucialTec (Director of Sales)

Token Performance Details

FXT tokens have been on the market for a little more than two weeks, and have already experienced some minor price swings.

FXT token lifetime performance chart (courtesy of Coinmarketcap)

As of May 26, FuzeX possesses a market cap of US$26,044,254. In all, a total of 1,087,156,610 FXT have been created, and out of them, 728,910,229 are currently in circulation.

Final Thoughts

With widespread crypto adoption slowly entering the mainstream, FuzeX comes at the perfect time to help everyday people deploy alt-currencies for regular, menial purposes, such as buying groceries, paying for gas, or getting a cup of coffee.

If you would like to start investing in this platform, FXT trading pairs are currently being traded on HitBTC, COSS, IDEX, Coinbe, LiveCoin, and CobinHood.

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