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Pirate Weekly Meeting | 2.19.2020

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Blockchain

Kucoin and Revain Announce Partnership

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Before deciding to buy or apply for any service, consumers are primarily interested in doing their homework via the ability review via 3rd Party Objectivity based on what other people are thinking.

This is especially true for the blockchain universe. The success of Bitсoin and Ethereum has given rise to thousands of young projects that are as complex as they are innovative.

In order not to get lost in multiple offers of wallets, exchanges, and cryptocurrencies, Internet users are starting to look for reviews to guide their decision-making process.

The revain.org project began to use blockchain to keep all reviews unchanged. This gives trust to the community and allows users to learn with the ability to interact with both projects that interest them and the communities they represent.

Trust can play an extremely important role for serious companies. The KuCoin and Revain projects have started cooperation for the common benefit of both communities. The Revain Widget implemented on the main page of one of the leading exchanges allows visitors to read and write reviews directly on the platform.

Companies that have already achieved success should understand that the review widget increases a conversion rate and provides additional traffic.

And there are other pluses as well

For example, why would you buy products on a mystery shopping service if you can simply read a ready-made review on the Revain website?

And it will be fair, fast and, most importantly, it’s free.

It’s not a surprise when blockchain technologies are used in the crypto community. But the Revain Project doesn’t intend to stop there and has serious plans to expand the topic on which the writers will write reviews.

It’s important for people that the review includes pros and cons.

This could stem from concerns about fake reviews, and an underlying assumption that balanced reviews feel more authentic than reviews that are overly or exclusively positive.

Consumers want retailers to have better technology, offer more services, and establish better personal connections. Consumers think about what good shopping experience looks like in the first place. Therefore, when people read or write a review, they pay attention not only to the facts but also to the feelings that appeared after the purchase from the company to which the review was then written.

When there are feelings, it is important to preserve a zone of trust and comfort

The usual advertising channels carry information about the product and the brand. But they do not contain the emotions of other buyers. The buyer chooses where he will share his buying experience.

And it is especially important that the credibility of the review that is written on the seller’s website does not reach heaven. It is very important to have an independent platform, the need for which has been ripening for a long time in the Internet community.

Therefore, reviews are written on the Revainplatform. You can display these reviews on your website using a simple widget. Thus, customers will see the independence of the review and at the same time, they can read it without leaving your site.

Of course, there were sites for reviews, they exist now and will continue to appear. But a project like Revain meets the expectations of ordinary people and businesses as much as possible. After all, reviews cannot be deleted or falsified because of blockchain. The hash of each review is kept for centuries.

Because of this, some reviews may seem funny as their authors decided to add some new facts or correct mistakes later. I recommend visiting and reading such reviews. A very interesting experience.

 

Source: Rinat Arslanov has been the Co-Founder and CEO of Revain since its inception. He describes his passion for Revain as a life project for him. He is currently doing his Ph.D. at Plekhanov Russian University of Economics and is expected to complete his doctorate in 2022.

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EOS, Stellar Lumens, Synthetix Price Analysis: 28 October

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Bitcoin Dominance rose to 63 and Bitcoin was trading at $13,676 at press time. The altcoin market was registering some losses for the day, but a pullback on Bitcoin could see the red for other assets in the crypto space in the coming days. EOS exhibited a bearish divergence, and Stellar Lumens appeared to be forming a bearish pattern that was yet unconfirmed. Synthetix closed beneath a bearish triangle and could post losses in the coming days.

EOS

EOS, Stellar Lumens, Synthetix Price Analysis: 28 October

Source: EOS/USDT on TradingView

The bearish divergence (white) showed the price registered higher highs while the bullish momentum waned. The white trendline on the price chart also formed the upper side of an ascending broadening wedge whose base was at $2.62.

This is a pattern that generally breaks out to the downside, and the bearish divergence suggested that a drop in value for EOS might be in store.

A break below $2.62 and $2.59 would take EOS to the next level of support at $2.44.

Stellar Lumens [XLM]

EOS, Stellar Lumens, Synthetix Price Analysis: 28 October

Source: XLM/USD on TradingView

Stellar Lumens appeared to be forming an inverted cup. A break below the rim of the cup, at level $0.079 which is also a support, could see XLM move as low as $0.072.

The Directional Movement Index was also inching toward 20 and moving above would indicate a strong trend. The -DI (pink) showed the bearish nature of the trend.

Synthetix Network [SNX]

EOS, Stellar Lumens, Synthetix Price Analysis: 28 October

Source: SNX/USD on TradingView

Synthetix Network was forming a descending triangle, characterized by successive smaller bounces off the same level of support at $3.48. The OBV was also trending lower in the past weeks.

Recently, the price closed beneath the base of the triangle. Alongside, the OBV also dropped beneath the floor it has maintained above for a month (orange), indicating that buying volume was quickly dwindling as bears took control of the market.

A break beneath support at $3.36 was likely for SNX, with the next region of support at $3.

Source: https://eng.ambcrypto.com/eos-stellar-lumens-synthetix-price-analysis-28-october

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TomoChain Builds on Blockchain Commerce Following Lition Acquisition

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Tomochain, the Singapore-based smart contract platform, has taken another stride towards its aim of hosting government and enterprise applications with its acquisition of Lition, a German company that provides public and private blockchain services.

Launched on Ethereum in October 2020, Lition represents a bridge between public and private blockchain use-cases with its ability to delete privately hosted data in accordance with the EU’s General Data Protection Regulation (GDPR) guidelines.

This aligns with TomoChain’s goal to entice governments and enterprises to utilize its platform – a goal that has historically been fraught with concerns over regulatory compliance.

TomoChain Eyes European Market

TomoChain is expected to leverage Lition’s experience in navigating Europe’s regulation-heavy blockchain landscape. Lition has already created a multi-million dollar peer-to-peer marketplace that connects renewable energy providers with consumers. Lition also recently piloted a $20 million loan between two of Germany’s VR Bank cooperatives and a national real-estate developer.

Combined with Lition’s recent efforts in creating Proof-of-Existence service, which verifies legal documents on the blockchain for EU clients, TomoChain will seek to take advantage of Lition’s breakaway success and use it to help create large-scale solutions for healthcare and automotive industries.

“Lition’s assimilation into our Enterprise division strengthens TomoChain’s consultation services and product development for large-scale enterprises, as well as for government,” said Long Vuong, Founder and CEO of TomoChain, adding, “We intend to optimize Lition’s core technology as a base to further extend digital money and other financial products.”

The acquisition was celebrated by Lition founder and CEO Richard Lohwasser, who said:

“This is a great day and a defining moment for Lition, adding, “We join a company in TomoChain with tremendous scale and resources, and a culture completely aligned with ours.”

The two sides will be holding a joint-AMA on October 30th where they’ll likely reveal more details about the acquisition and how the new structure will be implemented.

EU Embraces Digital Innovation

The EU recently accepted proposals for the creation of a pan-European regulatory sandbox for regulations pertaining to crypto-assets and distributed ledger technology. Although still in the pilot stage, the EU said it is open to ideas from companies and regulators and will facilitate the testing of innovative solutions hosted on the blockchain.

The European Commission has declared its ambition to move away from cash purchases in the EU region – a method of payment that still makes up 78% of transactions. Recent documents published in the EU policy publication Euroactiv revealed the EU would launch a comprehensive set of crypto regulations by no later than 2024.

While the acquisition of Lition will help TomoChain gain a stronger foothold in EU markets, the newfound relationship will also help Lition expand into TomoChain’s native markets in Asia. Lition CEO Richard Lohwasser said the acquisition would help accelerate the growth of the company on a global scale.

“The acquisition provides Lition with the opportunity for greater reach throughout Asia, enhanced operational efficiency and innovations that will benefit everyone. We are excited to leverage our combined resources to accelerate the next stage of Lition’s growth into a global player,” said Lohwasser.

Lition is expected to become a key division in TomoChain’s blockchain ecosystem. Built on the Ethereum network, it will continue to work on creating scalable sidechains for use in commercial use cases. Meanwhile, TomoChain will use Lition’s private/public distributed ledger technology to target large-scale financial institutions.

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Source: https://cryptopotato.com/tomochain-builds-on-blockchain-commerce-following-lition-acquisition/

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