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ARE SMALLCAPS STILL WORTH THE HASSLE? • WILL IEOS REPLACE ICOS? • IS
ACTIVE OR PASSIVE TRADING BETTER?

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OR $67.50 FOR 12 MONTHS
MAY 2019 ISSUE 19 US$10

THE RISE OF
BINANCE
+ WARREN BUFFETT'S INVESTING STYLE ANALYSED
+ ANALYSIS: BITTUBE, BAT, MULTIVAC AND MORE IN
MAY'S TOP 21 COINS TO WATCH
 MAY 2019 ISSUE 19

IN
THIS
ISSUE!
INVESTING P. 017

Everything you need to know to

get to grips with the complex
world of investment.

SMALL CAP INVESTING

In Investment Strategies

ACTIVE VS PASSIVE
TRADING
In Trading Techniques

IEOS REPLACE ICOS

In Investing In Offerings

EARNED VS PASSIVE
INCOME
In Build Your Wealth

GOALS FOR CHANGING

(From top right to bottom left) EOS could be announcing groundbreaking news at event in CIRCUMSTANCES
Washington DC (P.29), Hyundai launching blockchain powered cars (P. 13), we review the
In Philosophies of Success
CoolWallet S (P.44), we analyse Warren Buffett's investment strategy (P.24)
WARREN BUFFETT'S
NEWSROOM P. 009 #THE21 P. 027 INVESTING STRATEGY
In When Billionaires Meet BTC

The latest and most important We analyse 21 projects to give

investment news and market you the very best insight for the
analysis. month ahead. REVIEW P. 040

BINANCE COIN, STELLAR & 5 COINS TO HOLD ZIL, SOUL...

ATOMIC WALLET
OTHER GAINERS & LOSERS
WHAT TO STAKE ZIOST In Wallet of the Month
In Market Analysis

5 COINS TO TRADE AXPR, PLAT... GETFIFO

BITHUMB, BLOT LABS +
In Exchange of the Month
In Company Funding WHAT TO MINE BITTUBE
DHARMA
VOLKSWAGEN WITH IBM & STO OF THE MONTH ELOC
OTHERS In Service of the Month

In Partnerships SLEEPING GIANT TFD

BITCOINFLIP
HYUNDAI'S BLOCKCHAIN NEW TO MARKET MTV In App of the Month
CAR & OTHERS
METEORIC RISE BAT COOLWALLET S
In Just Launched
In Hardware of the Month
ICO WATCH LIST DAYTA, GEMS...

2
 THIS MONTH'S FEATURES

P.060

PROOF-OF-
WORK
PART 4 OF
SIMPLIFYING SATOSHI
Another installment of the Bitcoin analysis
whitepaper, taking a deep dive into where
the whole industry came from.
THIS MONTH'S FEATURES

P.050
THE RISE OF $BNB
CAN ANYONE
STOP
BINANCE?
Binance has gone from strength to
strength since its inception, and
2019 is no exception. Lets take a look
at how the exchange is bossing it in
every way.
 V
@GameOfCryptos
CHIEF EDITOR

CARL GUNARATNAM
@EricCointona
WRITER

EMIL STERNDORFF
@emilsterndorff
WRITER

TIMO WOLTHOF
@timo_wolthof
THIS MONTH'S FEATURES ADVERTISING

P.066
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GENERAL
We retain full copyright and ownership of this magazine and all the content within. We retain full
rights to public distribution. Any unauthorised public distribution will be (and is) followed up with the
relevant companies and authorities and legal entities.

CONTENT
This magazine is a collection of resources and opinions, it is not direct financial advice. We’re not
responsible for the accuracy or validity of the information the pros choose to provide to us. The opin-
ions of our content providers are not necessarily our opinions. We aim to provide unbiased infor-
mation with no ulterior motives as a service to the crypto community. Our primary source of income
comes from magazine sales, we do not want to influence the market in any way to our own or others’
benefit.

YOU
Please do you own research in addition to reading the content provided within. We’re not saying
this to cover our backs, we’re saying it because we want to create better traders who don’t lose their
money.
•• Never EVER trade more than you can afford to lose.
•• ALWAYS trade safely after extensive research.
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EDITOR'S NOTE

BITCOIN’S
UP, BUT IS
ALTSEASON
UPON US?
by V, Editor-in-Chief

B
itcoin’s at $8000. Yep, you heard me right. Just a month ago this
would have seemed impossible, but the market turnaround is
well and truly confirmed. Investors and traders everywhere
are cheering on the crypto that won’t quit, and many are considering
that the acclaimed Altseason is about to be upon us. responsible for trading on exchanges just
couldn’t handle the volume.
With over 2000 coins actively trading in the crypto industry, when
the time comes for bitcoin to correct itself, we may very well see a lot It was a gold rush. 20% gains in a few
of the recent money that’s been made go straight into those coins as minutes were commonplace, and FOMO
a way of avoiding the bitcoin dip, and taking a chance of some of the was absolutely everywhere. Now, we
other promising projects around. could be approaching the next Altseason,
and traders everywhere are beginning to
The last Altseason was in 2017, where we saw 1000% increases (or
strategise and research potential gems.
more), and even the projects with the worst foundations and premises
And with crypto now firmly in the public’s
would soar in price at the mention of a bit of positive news. There was
psyche, when the next Alt boom happens,
more money flowing into the ecosystem than people knew what to do
who knows how much money will enter
with. In fact on a rumour of a Coinbase listing, Bitcoin Cash imme-
the industry? Perhap enough to make 2017
diately went up from a few hundred dollars to $2000 in the blink of
look like a warm up stretch. Here’s hoping.
an eye. Trading on many coins would regularly crash as the systems

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NEWS
ROOM
THE NEWS
YOU NEED
TO KNOW TO
MAKE YOUR

APR-
INVESTMENTS
COUNT
APRIL 07- MAY 15, 2019

MAY MARKET
ANALYSIS

COMPANY
FUNDING

PARTNERSHIPS

JUST
LAUNCHED

(Clockwise from left) Just Launched: Hyundai is launching blockchain powered cars. Market
Analysis: Binance coin is one of the biggest winners this month rising 34%. Partnerships:
EXCHANGE
British Virgin Islands Premier Andrew Fahie leads partnership with Lifelabs. Exchange
Events: Zaif Exchange is reopening on April 23. EVENTS
MARKET ANALYSIS
CRYPTO MARKET
This has been one heck of a month
for the cryptocurrency market. In
the last 30 days, the overall crypto
market cap has risen 30% from $175
billion to a whopping $225 billion.
Most of this increase, however,
is due to Bitcoin’s massive rise.
Monthly volume is over $5 trillion
for the entire crypto market.
BITCOIN
This has been Bitcoin’s month to
shine. At the time of writing the
leading crypto is circling $8000,
with a 53% increase over the last
30 days. Dominance has increased
from 50% to 60% of the total crypto
market cap, leaving most altcoins
to flounder in its wake, and has a
daily volume of over $24 billion.
ETHEREUM
Ethereum has risen 23% this month
now sits firmly above $200, having
seen a much lower increase than
Bitcoin, but still a much larger
increase than most altcoins.
It’s daily trading volume is
now $10 billion.
(Top) Binance has risen 29% in the
past month. (Bottom) Stellar has
lost 4% in the past month.
XRP
XRP has only just joined the party
this month. While many of the
other leading alts have seen large
gains, XRP had lost 1.5% until
yesterday, but it’s now seen a 16%
increase overnight. Could this be
signalling Altseason?
BITCOIN CASH TOP GAINERS
Binance Coin (BNB) is one of the
Bitcoin Cash has faired extremely
well– some would say surpris-
winners this month, standing at
position 7 thanks to a gain of 29%.
ingly well this month. The no.4
Tezos (XTZ) has also seen a simi-
ranked cryptocurrency has seen
larly large gain of 42%, having
a huge gain of 33%, and now sits
risen to position 16 on the market-
strong at $371 per coin.
cap rankings. In the top 100, CLAM
has seen an incredible 129% growth,
and MONA with 84%.
LITECOIN
Litecoin has had an average
month, with a gain of 11% over TOP LOSERS
the last 30 days, with a current
In the top 10 rankings, Cardano
price of $89 per coin. However it’s
still in the top 5 by marketcap at
(ADA) has performed the worst over
the last 30 days, with a current loss
a value of $5.54 billion, while its
of 5%, followed closely by Stellar
nearest rival EOS sits at position
(XLM) with a loss of 4%. From the
6 with a $5.17 billion market cap.
top 100, MaxiMine Coin (MXM) has
seen the largest dip of 51%. Overall,
most Alts are looking down-
trodden while Bitcoin takes
the spotlight. The Altsea-
son, however, can’t be far
away.
NEWSROOM
COMPANY FUNDING
CELO GETS $25
MILLION INVESTMENT
FROM A16Z AND
POLYCHAIN CAPITAL
A16z and Polychain Capital bought
$15 million and $10 million worth
of CeLo Gold tokens, respectively,
as an investment in the cryptocur-
rency-backed payment company,
CeLo. The news comes after the
Securities and Exchange Commis-
sion’s revised laws towards regu-
lations against cryptocurrency
investments. CeLo is a first of its
kind mobile-based money trans-
ferring platform. It was designed
with the sole purpose of making
cash transfer easy and accessible
to everyone. CeLo makes use of an
identity system based on a users’
personal phone number with added
address based encryption.
BLOCKCHAIN
MORTGAGE STARTUP
ACRE RAISES $6.5
MILLION
Acre Software, a blockchain-based
startup working in the mortgage
and insurance market, is all set to
revamp its insurance and mort-
gage applications for advisers after
successfully raising €5 million
($6.5 million) from the advisory
firm Sesame Bankhall Group,
and Aviva, a British insurance
company. Seventy-five percent of
the total mortgages in Britain are
distributed and promoted through
advisers, even though there has
APR-MAY 2019
BITHUMB GETS $200
MILLION INVESTMENT
FROM ST BLOCKCHAIN
FUND
(cont. Acre) been a rapid rise in
the number of lenders and new In some exciting and much needed
challengers in the field. Acre Soft- good news for Bithumb– the South
ware plans to improve customer Korean cryptocurrency exchange
experience by taking a leaf out of giant’s holding company has
the market disruptors’ books and received a massive $200 million
facilitating end-user experience USD equivalent investment from
delivered to their users at a much the Japan’s ST Blockchain Fund.
faster speed. By doing so, their The Bithumb exchange’s hold-
ultimate goal is to help advisers ing company is called Blockchain
hold their position in the mort- Exchange Alliance (BXA), and this
gage market. new investment will mean that it
can expand Bithumb into interna-
tional territory, while also improv-
ing the core services offered– such
as an increased number of trading
pairs available for investors. This is
ZCASH AND RIPPLE’S fantastic news for Bithumb, which
XPRING INVEST IN had posted a loss of $180 Million
USD from its 2018 financial report.
BOLT LABS
The popular cryptocurrency
ZCash, along with Ripple’s
Xpring, are jointly investing in
the blockchain privacy startup
Bolt Labs. Built on top of the ZCash
blockchain, Bolt is an off-chain
cryptocurrency that has a core
purpose of tackling the scalabil-
ity dilemma that plagues many
current cryptocurrency projects.
Some investors backing the Bolt
project are Ripple’s fundraising
branch Xpring, the founder of
ZCash, Zooko Wilcox, and the
company behind ZCash, Electric
Coin Company. The main func-
tion of the Bolt blockchain will Bithumb exchange interface with its logo
be to provide scalability to priva- behind.
cy-centric coins such as ZCash,
and will potentially function in
the same way that the lightning
network does for bitcoin.
PARTNERSHIPS
VOLKSWAGEN FORMS
PARTNERSHIP WITH
IBM
The Volkswagen Group has
announced that they will form a
partnership with IBM Blockchain
Group to track their mineral supply
chains through blockchain tech-
nology. The company added that
they want to “responsibly source”
minerals like cobalt which is used
in lithium-ion batteries for electric
vehicles. For this, Volkswagen have
also formed a partnership with Ford
and many other industry giants
by entering an IBM blockchain
powered collaboration. Accord-
ing to Volkswagen, consumers and
miner brands had to depend upon
third-party audits and manual
processes for sourcing their miner-
als. This will now be much simpler,
as Blockchain technology provides
a permanent record for tracing
minerals to support the compli-
ance process. It will also become
easier for Volkswagen to meet the
sourcing standards set up by the
Organization for Economic Coop-
eration and Development (OCED).
Manish Chawla, IBM’s general
manager for global industrial prod-
ucts, said that the main objective
of the project is to ensure that the
participants can verify the materi-
als of their supply chains on each
stop and check whether they are in
accordance with the requirements
set up by the OCED.
CORPORATE
TRAVELLER PARTNERS
WITH BITPAY
BRITISH VIRGIN
One of the biggest travel compa-
ISLANDS FORMS nies today, Corporate Traveller, a
PARTNERSHIP WITH division of UK-based Flight Centre
Travel Group, has started accepting
LIFELABS FOR RAPID cryptocurrency payments made
DISASTER RELIEF through BitPay, one of the lead-
ing blockchain payment services.
The Premier and Finance Minis-
Corporate Traveller’s successful
ter of the British Virgin Islands,
partnership with BitPay will help
Andrew A. Fahie, has announced
the company in accepting crypto-
that the Islands will be forming
currencies like Bitcoin and Bitcoin
an official partnership with the
Cash from small and medium-sized
blockchain company LIFELabs,
enterprise customers, in exchange
for the sole purpose of creating
for their services. In the announce-
a system to provide ‘Rapid Cash
ment, the company said that
Response’ in the event of a future
bitcoin is currently not the main-
natural disaster or state of emer-
stream method of payment in the
gency. The partnership will also
travel industry; however, there is
facilitate digital financial trans-
an increasing demand for it.
actions to help create an ecosys-
tem of fast payments throughout
the whole network of islands.
The Premier, who is said to be a
thought leader and fan of block-
chain and cryptocurrency technol-
ogy, stated: “It is of utmost impor-
tance that our citizens
receive immediate
and proportional
response in the midst
of emergencies.
LIFElabs’ innovative
financial technology
comes at a pivotal
time for our people
and our economy,
while the memory of
recent natural disas-
ters remains fresh in
our minds and hearts,
and the pressure for
increased economic British Virgin Islands Premier and Finance
efficiency keeps mounting.’ Minister Andrew Fahie. (Image: The Virgin
Islands Consortium)
NEWSROOM
JUST LAUNCHED

BINANCE CHAIN
LAUNCHES MAINNET &
ACTIVATES BNB SWAP
Binance, a global name in the crypto- COINMARKETCAP
currency industry, has announced
the launch of Binance Chain Main-
RELEASES NEW APP
net– with plans of a swap execu- VERSION
tion of its own token Binance Coin
The leading cryptocurrency data
(BNB). The swap execution took
tracking company Coinmarketcap
place on 23 April. The company first
(cont. Hyundai) successfully. The has announced the launch of the
announced its plans of launching
latest installment in its adoption new version of their mobile iOS
its blockchain in December 2018,
has been of the Hyundai Motor app. The app will allow cryptocur-
and now the firm plans to build
Group– South Korea’s biggest car rency investors and traders to track
a framework for newly launched
manufacturer, who are gearing over 16,000 crypto markets. The
cryptocurrencies and tokens. The
up to implement blockchain tech- features included in the app will be
company is currently in the produc-
nology in its electric car series. a full spectrum of data tools to help
tion of blocks in compliance with
The company’s blockchain backed users navigate the cryptocurrency
the genesis block, and Binance
tool would work to pair up smart- markets with ease. The app will
Chain Explorer and Web Wallet
phones with electric vehicles, and also allow users to track their port-
are currently available only in beta
would give users the accessibility folios in over 90 fiat currencies,
mode to select partners and enter-
to customize vehicle functions for example USD, EUR, JPY, KRW,
prises. The company also mentions
through their smartphone appli- CNY, general crypto bases such
details regarding the conversion of
cation. Claimed to be a one of its as BTC, ETH, XRP, LTC and even
ERC-20 BNB tokens into Binance
kind innovation, this technology metals such as Gold and Palladium.
Chain-based BNB (BEP2) coins.
would allow drivers to manually Users can use the new app by creat-
Binance made it very clear that it
adjust features of their electric car ing an account, and will allow them
will not approve of ERC-20 BNB
like motor torque output, accel- a full list of benefits including the
token withdrawals after 23 April,
eration and deceleration control, ability to track news from popular
and no trading pairs would be up
maneuver the speed limit, vehicle cryptocurrency media platforms,
for listing until the conversion of
response, braking capacity and adding to their full-spectrum abili-
BNB’s first batch.
optimum climate based energy ties in meeting the average crypto-
control. currency traders’ needs.

HYUNDAI IS MAKING
BLOCKCHAIN
POWERED CARS
Blockchain technology has proved
itself to be a transformative force
with the potential to disrupt all
(Top) Coinmarketcap
aspects of human endeavour, site interface with its
and many businesses are explor- logo behind. (Bottom)
ing use cases of this technology A Hyundai dealership
shop front in the US.

APR-MAY 2019
EXCHANGE EVENTS
ROBINHOOD
EXCHANGE FILES
TO LAUNCH CRYPTO
FRIENDLY BANK
The cryptocurrency, stock market-
ing, and trading platform Robin-
hood Market Inc. is trying to enter
the banking industry, a few months
after the withdrawal of their contro-
versial deposit protection services,
reported S&P Global Market Intel-
ligence. Robinhood has applied
for a bank charter and is securing
approval from the Office of the
Comptroller of the Currency, which
will be their first step in enter-
ing the banking industry. With
the approval, the platform will
be able to offer all kinds of bank-
ing products and services. Robin-
hood already has a mobile app to
run crypto trading services online.
Now, with this charter, it aims to
provide both crypto and traditional
banking services keeping in mind
the convenience of its customers.
Around five million people are esti-
mated to be currently using the plat-
form to trade in cryptocurrencies.
ZAIF CRYPTO
EXCHANGE WILL
REOPEN 7 MONTHS
AFTER HACK
After a devastating hack in Septem-
ber last year, the Zaif cryptocur-
rency exchange has announced
that it will reopen on April 23rd,
after the business has been trans-
ferred from Tech Bureau to Fisco
Digital Asset Group. Last year
Zaif site with its logo
(cont. Zaif ) the Zaif exchange,
hailing from Japan, was the
victim of a devastating hack where
the attackers managed to steal
an incredible $60 million USD
equivalent, after gaining unau-
thorised access to the exchange’s
hot wallets. The cryptocurrencies
stolen were primarily Bitcoin,
Bitcoin Cash, and MonaCoin, and
while cryptocurrency exchanges
are known for their hoarding of
very large amounts of money, at
that current time Zaif ’s reserve
fund only had $20 million, leav-
ing the exchange needing $40
million to cover the losses.
POLONIEX WILL
SUPPORT USDT ON
TRON BLOCKCHAIN
The large cryptocurrency exchange
Poloniex has announced that they
will be adding support for the Tether
(USDT) stablecoin. Their announce-
ment reads “Poloniex will support
deposits and withdrawals of USDT
on the Tron network and credit the
airdrop to eligible customers hold-
ing Tether. There is no action Polo-
niex users need to take at this time.”
Poloniex has stated that they will
support USDT on both the Omni
protocol, and the Tron blockchain,
meaning customers will be able
to withdraw their funds to either
network without affecting the
main Poloniex markets. In order
to support both of these networks,
the post states that Poloniex will be
converting “a percentage” of their
USDT that is currently residing on
the Omni network to USDT on the
Tron network. Once this airdrop
of USDT starts, Poloniex users will
be credited based on the amount of
USDT they currently hold on the
the exchange. The airdrop is sched-
uled to start on April 30th, and the
exchange says that they will provide
more information next week.
NEWSROOM
 MARKET YOURSELF
TO OUR AUDIENCE OF

THOUSANDS OF
INVESTORS, VCS, AGENCIES
AND PROJECT TEAMS.

WIDE-REACHING CUSTOMIZABLE HIGH-

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AT
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T I N G @ 21
M A R K E
INVESTING MASTER THE
MARKETS:
YOUR MONTHLY
BANK OF
MONEY-MAKING
KNOWLEDGE

INVESTMENT
STRATEGIES

TRADING
TECHNIQUES

INVESTING IN
OFFERINGS

BUILD YOUR
WEALTH

PHILOSOPHIES OF
SUCCESS

(From the top) “With the business WHEN BILLIONAIRES

side of his valuations, Buffett first of
MEET BITCOIN
all makes sure that he only invests in
companies he can understand.” (P.24),
“It’s not enough to love what you do
if you want to make money, you have
to master your craft.” (P.21), and
“However the pitfalls of active trading
are that it’s extremely time intensive,
energy sapping, and can have an
addictive element to it.” (P.19). WRITTEN BY V
 INVESTMENT STRATEGIES
SMALL
CAP
INVESTING
IS IT STILL
WORTH THE
HASSLE?
EVERYONE loves
smallcaps,
right? There’s an innate feeling of potential when
we scoot over to coinmarketcap and scan those
sub-$1million marketcap coins. Some of us may look
over the list of $100million caps and recognise that
they’ve got some decent potential in them - but at best,
it’s maybe a 10x if you choose that one coin destined
for greatness.
Smallcaps, however, get the blood pumping for those
special few who class themselves as Gem Hunters– the
people that spend their hours tirelessly searching for
that one coin which has a 1000x potential.
There have been a wealth of such coins which have
given the lucky (or very skilled) investor a 1000x
return on their investment. Ethereum was the coin
to watch back in 2017 - rising from just a few cents
to around $1000 quicker than you can say ‘take my
money!’. Bitcoin is of course the leader in this area.
$0.008 in 2010 to a peak of $20,000 at the end of 2017.
That’s a 2.5 MILLION times increase in value.
It’s likely that we’ll never see another rise like this
again. But will we see a coin with a 1000x, or even a
10,000x? It’s likely, if not almost certain.
The risk with smallcaps is assessing whether your
18
potential gains will offset your trading
style. The vast majority won’t see much
action and will fade into oblivion,
however there are some out there that
are destined for that elusive 1000x. You
can either invest index-style, and grab a hundred
bags of random coins and see what happens next year.
However if you split your portfolio into 100 parts, the
potential gains are offset by the low level you’ll be
investing at.
Then you can play it the other way– spending
hundreds of hours researching every smallcap in
sight, and choosing the best few to put a larger
investment into. This way is labour intensive, but
will ultimately net the most profit if done right.
However, there’s always a chance that you’ll get it
wrong and end up with no notable gains at all as you’ll
be investing in such few companies. And the chances
are weaker overall that any smallcap will see a return
when compared to larger caps– as the likelihood
of other investors missing a trick with a promising
company and having it massively undervalued is slim.
Ultimately, the time for smallcaps was best in 2017,
when the world was still new to cryptocurrency.
Undoubtedly there will be some major gains in the
future bull runs, but with a newly savvy investing
community, you’ll have stiff competition when
attempting to pick that one diamond in the rough.
Research away, for sure, but be aware– smallcap
investing is a lot more challenging than it was a
couple of years ago. But then again, who’s to say the
influx of new investors in the next bull run won’t
be just as high in comparison to the 2017 gold rush,
and the market for smallcaps could even exceed that
crypto honeymoon phase? Only time will tell, but
that’s a scenario a lot of people will be hoping and
praying for.
TRADING TECHNIQUES
ACTIVE
VS
PASSIVE
TRADING
WHICH IS
BETTER?
ACTIVE and passive traders are
the two sides of the same
proverbial coin. Active traders are the ones that spend
hours reading over the latest info on any potential
investment, they’re the ones who look for the little
details others have missed, and they’re the ones who
generally want to make money in as little time as
possible. They research fast, and they trade faster.
Passive traders are at the other end of the spectrum,
they don’t have the same time and energy
commitments to trading, and instead operate on a
much longer timescale. At the extreme end of this,
passive traders will sometimes even give their money
to brokerages and investment funds so that someone
else can deal with the nitty-gritty of making their
money work for them.
With active trading, the benefits are that a trader can
respond to their environment lightning fast, they can
spy a news story or company update and react in the
quickest time possible to take advantage of the news to
either enter or exit a trade, depending on whether that
news is good or bad. Active traders can focus solely on
a single trading day, so that when they go to sleep they
can exit all trades and slumber without the stress of
having risky open positions, or they can operate on a
shorter scale of a few days at a time.
However the pitfalls of active trading are that it’s
extremely time intensive, energy sapping, and can
have an addictive element to it. If you’ve ever stayed
up to see the early hours of the morning while
watching candlesticks on the 1 minute chart, you’re
probably well aware of this addictive nature.
Passive traders are committed in a different way–
they’re willing to play the long game and see out
any minor dips or surges in price, and absolutely
committed to their investments in a way that active
traders are not. However because they don’t actively
watch their investments in the same way, there’s
a different type of risk– the risk that they’ll miss
important opportunities for growth, and that they’ll
miss warning signs of when to exit a position.
Which route a trader takes solely depends on their
natural inclinations– whether they enjoy the speed
and excitement and raw energy of active trading, or
whether they want to see their investments grow over
time while sipping cocktails on a beach somewhere (or
just having more time for the day to day practicalities
of life, family, and other work). Each style has its
advantages and disadvantages, and the deciding factor
on whether a strategy works is based solely on how
well that strategy fits the trader or investor who
uses it.
I N V E ST I N G 19
 INVESTING IN OFFERINGS
WILL
IEOS
REPLACE
ICOS?
INITIAL Exchange Offerings
(IEOs) are said to be
the new Initial Coin Offerings (ICOs), and have taken
the world by storm so far in 2019. Cryptocurrency
exchanges are rapidly deploying systems whereby
they help launch and market new tokens, and the idea
has went from strength to strength since its recent
inception.
Some within the industry have made the interesting
point that exchanges may be looking to compete
with the current leading platform in launching new
tokens– Ethereum. This may well be true, and will
controversially act to centralize the whole process.
This is a double edged sword– on the one hand,
20
startups wishing to tokenize their business lose some
freedom when going with an exchange offering
system, but from the side of the buyer– the general
public– the exchanges take a lot of the responsibility
when vetting these tokens, which means there’s a
much more secure environment for investors.
Things, however, aren’t easy for the startups going
for exchange offerings, and they have many hurdles
to face when going this route. In exchange for the
exchange’s help (no pun intended), the startup will
have to either fork over a large amount of either
company equity, marketcap of their tokens, or
hundreds of thousands or even millions of dollars to
cover the cost of marketing and set-up.
Binance is one of the world’s leading cryptocurrency
exchanges, and has so far launched four projects on
its IEO platform, the Launchpad– with projections of
launching at least one per month going forwards.
Binance is also one of many crypto exchanges going
forwards with the IEO strategy– other leaders such as
KuCoin, Bittrex, and OKEx are also joining the party
and offering startups a means to launch their tokens.
The main question on people’s lips is whether
IEOs will eventually replace ICOs. While IEOs are
relatively new to the game, they’ve had a fantastic
start so far, and are making great headway into
taking the market share of token offerings away from
the standard model that ICOs have been following.
However, there are still some major issues with
exchange offerings. The main one is the cost– a lot of
companies won’t be able or willing to afford to go with
this option at this current time. The second major
issue is vetting– there are potentially thousands of
tokens out there that won’t be worth a dime in the
future, or are even based on a faulty premise, which
will mean they’re not eligible for an exchange offering
in the first place. As time moves on, exchanges may
create more standardised systems with varying levels
of engagement and services offered, which will mean
that any token can launch with an exchange offering.
If the ability to scale IEOs becomes available in the
future, then it will be a positive thing– as not only
will the vast majority of tokens be eligible, no matter
what their budget, but ineffective or money-grabbing
startups will be weeded out though the heavy
vetting process.
BUILD YOUR WEALTH

EARNED
VS
PASSIVE
INCOME

MOST people want to

be wealthy, but
there are as many ways of Achieving
this as there are people who want
it. Getting to the income levels you
can be happy with is often a difficult
path. Some are born into wealth, but
the majority of us have to work for it
ourselves. If wealth is created from
nothing, then that achievement will Second, you need to be good at what you do. You need
ensure that the owner of the wealth the skills to perform well, or even outperform others
will likely understand its true value, in your industry. It’s not enough to love what you do
and use it to the most effect in theirs and others lives. if you want to make money, you have to master your
craft. Finally, you have to choose a role or industry
There are two central ways of obtaining wealth in
that pays well. You can become the best in your
the world– you can earn it through work, or you can
field in a small niche market, but without a large or
acquire it through passive streams. The most wealthy
uncapped potential income and the ability to scale up
of us use both methods. But which is right for you?
to that income, you’ll be stuck at a level you don’t wish
Earned income is how the majority of people on earth to be.
get their money. This ranges from the mundane 9-5
To earn a lot of money from work, you need to be
grind in a job you don’t like, to those who have found
highly skilled, in a job that has the potential to pay
their calling, and who get rewarded handsomely for
well– and most importantly– you’ve got to love it.
it.
Passive income is a much more interesting beast.
If you’re going to work for your money, then there are
Developing ways of earning money while you sleep
three core tenets of making it work. First, you need to
is the holy grail that all entrepreneurs dream of. To
do something you enjoy. Not because it’s good for the
be able to step back from active engagement and still
soul (although this should be the number one reason
earn money isn’t easy, in fact it’s a lot harder than
to do anything in life), but because you’ll be so much
most ways of earning a decent living from normal
more engaged and productive in a job you love– and
work– but it’s ultimately much more satisfying and
ultimately you’ll get much more money from this.
lucrative.

I N V E ST I N G 21
 BUILD YOUR WEALTH EARNED VS PASSIVE INCOME

The long game is what matters with passive income.

You need a solid and logical plan, and you need the
patience to see that plan through to fruition. It’s a
heck of a lot more work in the short term, but long
term, if you succeed, you’ll be set up for life.

Passive income streams usually come down to starting

your own business, whether as a sole trader or a
registered company. This option isn’t for the faint
hearted, as the risks are much higher than with
normal work, but the payoff can be much, much
greater.
In the context of trading and investing– passive
income can be achieved by receiving dividends of
the stocks and shares you own, and by accumulating
a large amount of money that you can invest with a
broker or in a fund which can then make your money
work for you. Again, this takes time to do– and if
you get to the point where you have enough money
to enter a fund, you’ll need to be patient while this
amount accumulates even more, so that you can reach
portfolio of a total amount whereby you can start to
skim profits as an income source.
With cryptocurrency, however, this is easier than
traditional stocks. On a good year, the crypto markets
can see many multiples of the original investment–
which means that the starting amount you’d need to
invest to get a decent income would be much lower.
Whichever method you prefer, if wealth is truly your
goal– then a mix of both of these strategies will be
most effective.

22
PHILOSOPHIES OF SUCCESS
ADAPT YOUR
GOALS TO YOUR
CHANGING
CIRCUMSTANCES
HAVING a success mindset is
essential to earning a
living investing, and business in general. It’s not just a
numbers game, there’s a host of psychological factors
that play a vital part in building your wealth– and one
of the key ones is adapting your goals to the varying
circumstances of your environment. And if you’re
at the beginning of your journey towards building
wealth, then trust me– there’s going to be a lot of
changes to your plan along the way.
While adapting is one of the number one keys to
success– you can’t adapt unless you have a strong
plan in place first. You have to identify your goal
as precisely and specifically as possible. It could be
earning a certain amount by a certain time through
investing, or it could be growing your business to a
certain level of income during a similar time period.
But one thing is certain– if you don’t have a rock solid
plan and a specific goal, then it’s unlikely you’ll ever
reach it.
Adapting to your environment is much easier if you
have a host of acceptable outcomes. Having goals A B
and C are the starting points here. You may want to
aim high and earn a million dollars in a year– and if
you’re one of the lucky (and talented) few, then that
may be a reality. But relying only on that goal will
set you up for failure, as when things go wrong with
your plan– and they’re sure to– then the chances are
you’ll have a frantic struggle to come up with a lesser
solution to achieve your goals. If you have a business,
then aiming that high could have
ramifications that can threaten
your entire company, as you may
have a surge of initial success and
build infrastructure that you find
you’re then unable to sustain.
Having plans A B and C is
essential. A is your ultimate goal
which you’ll strive towards, B is
your secondary goal - the most
realistic outcome, not tainted
by your desires or feelings, but
based purely on logic - and C
is your minimum acceptable
level at which you can say you’re
succeeded. In trading, this is a level at which you’re
happy with - one that can sustain further growth of
your portfolio, and with business this is your minimum
viable income to continue operating.
Once you have your plans and set out to achieve them–
another key element to consider is how much you’re
wrapped up in those plans to the detriment of spying
other opportunities. If you stick to your plans no matter
what happens - then the chances are you’ll encounter
some form of challenge that your rigid set up will be
unable to account for. With trading, this could be an
unexpected loss which you then chase with further
losing trades to try and make up for the failure - and
with business this could be a refusal to offer different
services if you find that your core offering isn’t
performing how you’d like it to.
If you identify something that could benefit you better
than your current plan, should you commit to it straight
away? This i the tricky question, and will depend
entirely on your specific set up and goals. At the end
of the day it comes down to risk/reward. With every
change in how you operate your income generating
streams, there’s the risk of failure. However, there’s also
a large risk of failure if you identify something which
isn’t working, and you stick to it without question.
The take home message here is to constantly review
what you’re doing with a realistic mentality– one
where you can accurately assess your weaknesses
and strengths, what’s performing well and what’s
underperforming– and then adapting as fast as
you can to the changing environment.
I N V E ST I N G 23
 WHEN BILLIONAIRES MEET BITCOIN

WARREN
BUFFETT’S
LONG TERM
VALUE
INVESTING
STRATEGY

WARREN Buffett is known
to be the world’s
greatest investor. Whatever his views are on bitcoin
and cryptocurrencies in general, no one can deny that
when it comes to making money, he knows what he’s
doing.
Buffett has used a very specific and consistent
method when accumulating his wealth– that of Value
Investing.
While many traders and investors prefer to find
undervalued projects and companies to invest in,
Buffett instead likes to find companies that are
already performing well, but that have a large
potential for growth.
Buffet looks at the business itself, how management
performs, the company’s finances, and lastly the
value of the company in terms of current standings,
and potential.

24
WHEN BILLIONAIRES MEET BITCOIN WARREN BUFFETT’S INVESTING STRATEGY

With the business side of his valuations, Buffett first

of all makes sure that he only invests in companies
he can understand. The rationale here being that in
order to predict future growth accurately, one must
have a deep understanding of the specific industry
and operating style of the company involved. Without
this, everything is a shot in the dark. Buffett analyses
the business as opposed to the market or sentiment,
he then looks for a consistent operating history,
and finally he make a decision regarding the future
projections of that business.

The next, and somewhat overlooked aspect that

Buffett looks into is the management of the company–
he assesses whether the management is rational,
based on how much of the company profit goes
back into growth, or into the shareholders’ pockets.
Secondly, he looks at whether the management is
honest with their shareholders when they make
mistakes, or whether they try and cover up a bad
situation to save face. Finally, Buffett looks at the
overall management strategy - does the company
simply copy other competitor strategies, or do they
pave the way forward with their own analysis of their
market and growth prospects?

In terms of finances, Buffett looks at the potential

amount that can be generated for owners and
shareholders– which is what incentivises investors to
contribute to the company’s success. He then also has
a ‘one dollar premise’ which is based around what the
value of a single dollar of retained earnings is worth
in terms of market value. Overall– in terms of the
company’s finances, he wants to make a profit, and
that comes as the priority when analysing this section
of the business.

Finally, Buffett looks at the value of a company as

a whole– looking at long-term profitability over
short term fluctuations in market price. He’s coined
something called the ‘moat’, which is an aspect of
a company which gives it protection from other
companies wishing to take a share of the market.
there are almost too many to be accurately analysed
If a company fits all of the above credentials, then it is by other investors– and a such, we have a wealth of
ripe for investing. information available in an environment where Wall
Street hasn’t yet taken a strong foothold. There’s room
So how can we, the cryptocurrency investors benefit to find the gems that fit the above criteria, and that
from this approach? With ease. The sheer volume of others have yet to stumble upon, if we look hard
companies starting up in this industry means that enough.

I N V E ST I N G 25
Red Quokka Crypto
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B ER 2
NUM
R 1
NU M B E
PHANTASMA
(SOUL)

ZILLIQA (ZIL)
Zilliqa, the project famous for its sharding solution
to the blockchain scalability challenge, is already on
many industry observers’ list of long term holds.
Having entered the market in January 2018– right at
the start of the bear market, ZIL has not only survived
but thrived. Zilliqa launched its long-waited main-
net in January, and top crypto exchange Binance
announced it would support ZIL’s token swap in
April.
Once complete, the token swap means Zilliqa can
make real progress on its roadmap.
There is an additional fundamental reason ZIL may
be a good hold this month. The Zilliqa core team
announced in a forum post that “we will enable smart
contracts on the mainnet via a network upgrade
following the token swap, and share updates on the
official date during the latter half of May 2019”.
The implementation of smart contracts on the first
sharding-equipped blockchain mainnet is sure to
make the headlines and, long term, should create
increased demand for the token.
price: $0.016464
market cap: $143,024,974 daily volume: $15,852,483
circ. supply: 8,687,360,058
total supply: 12,533,042,435
https://www.zilliqa.com
Phantasma, a blockchain for decentralised content
distribution, moved to its own mainnet on April
30th after a successful migration from the NEO
blockchain.
The Phantasma Chain mainnet promises to be a “fast,
secure and scalable blockchain solution that allows
for interoperability with other blockchains while
maintaining a decentralized governance system”.
As well as allowing content creators to share their
work with whoever, whenever and however they
want, Phantasma Chain also makes giant leaps in
blockchain interoperability through its Phantasma
App. The App allows users to connect to any dApp
from any blockchain and converts automatically
between coins and tokens.
What’s particularly interesting this month, is that
the mainnet launch has seen the introduction of
Staking on the Phantasma network.
A new dual-token system means anyone who stakes
the Phantasma Chain native $SOUL token will receive
ENERGY ($KCAL) tokens. 1 $SOUL will generate
0.002 ENERGY per day. The minimum amount of
SOUL to be staked to receive Energy is 1 $SOUL.
price: $0.034973
market cap: $2,040,066 daily volume: $319,132
circ. supply: 58,332,939
total supply: 91,136,374
https://phantasma.io
T H E 2 1 #
# 2 o f

T H E#2 1
#1 o f
 B E R 4
NUM

B E R 3
NU M
WAVES (WAV)
Waves, one of the many suitors for the title of

EOS (EOS) ‘fastest blockchain platform’ is set to complete the

second funding round for its Vostok offshoot this
month.
One’s flagship blockchain platform, $EOS has been
in a steady, gradual uptrend since bottoming out at Vostok is Waves attempt to attract the business of
$1.72 back in December 2018. Now at around $5.50 global enterprises and public institutions by offer-
(at the time of writing) EOS looks set to throw a cat ing them the tools to build and implement block-
amongst the pigeons with a ‘major announcement’ chain infrastructure.
on June 1st.
The first investment round for Vostok back in
Details on the #B1June event, set to be held in Wash- December 2018 raised $120m giving the project a
ington, are scarce with EOS sharing cryptic messages valuation of $600m. The second round, closing at
and video promos on its social media channels. the end of May is also set to raise $120m and will
“provide us with, among other things, opportu-
Whatever the announcement is, it’s considered by
nities to enter new markets." according to Waves
Block.One as being of high enough importance to
founder Sasha Ivanov.
warrant its own ‘sign up’ page.

Blocktivity say $EOS facilitates over 20million price: $2.16

transactions per day and hosts ‘thousands’ of dApp market cap: $215,928,421
users– however the number of these users and trans- daily volume: $45,302,339
actions that are genuine is often disputed. If they are
circ. supply: 100,000,000
even close to being a true reflection of $EOS’s user
https://wavesplatform.com
base though, the value of the token itself should be
protected, at least in the short term, making it a
reasonable holding option considering the potential
news boost at the start of June.

price: $4.88
market cap: daily volume:
$4,440,028,552 $1,779,020,864
circ. supply: 910,762,994

total supply: 1,010,762,997

T H
# E 2 1
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NU M BE R 5
BEAM (BEAM)
$BEAM is one of the two major projects to have launched
its mainnet using the Mimblewimble (MW) protocol.
$BEAM beat its main MW competitor, Grin, to the
punch by launching two weeks earlier despite start-
ing development later. While Grin is a decentralised
community-based project, BEAM is an Israel-based
start-up with a part VC-funded full-time team of devel-
opers – allowing them to hit major project milestones
faster.
Litecoin creator Charlie Lee also revealed that his team
had discussions with $BEAM on the possibility of bring-
ing MW technology to Litecoin.
Despite this, since launch $BEAM hasn’t fared as well as
much of the altcoin market this quarter, slipping from
around $2.50 to $0.58 at the time of writing.
It’s possible that a combination of $BEAM only being
available on small, relatively untried exchanges and
a lack of viable wallet solution made purchasing the
coin an unattractive prospect– especially considering
the flurry of exchange hacks that have taken place this
year.
But now with the launch of their iOS wallet, $BEAM
has at least solved 50% of that problem. This, combined
with a chart that looks as though it is ‘bottoming out’
suggests $BEAM may soon become an attractive prop-
osition for investors once again.
price: $0.478841 market cap: $8,541,640
daily volume: $5,710,019 circ. supply: 17,838,160
total supply: 262,800,000
https://www.beam.mw
T H E#2 1
#5 o f
+
W HAT
TO
STAKE
IOST (ZIOST)
Internet of Services Token (IOST) is an ultra-fast,
decentralised blockchain network based on the
next-generation consensus algorithm “Proof of
Believability” (PoB).
The good news is it’s really easy to stake– so you can
start earning rewards straight away.
Now that the IOST mainnet election has begun, all
IOST holders need to do is use their tokens to vote
for partner nodes through their zero-technical-bar-
rier, one-click voting portal.
The rewards are pretty generous too. Even if you
missed the early-bird staking rounds (during which
the annualized returns are 25%) there are still voting
dividends available of an on-going 50% share of the
voted partners/ nodes rewards (as long as that node
successfully reaches the 2.1M token requirement
during the election).
The minimum amount of IOST required to vote is an
extremely accessible 1,000 IOST– which, at today’s
prices– amounts to around $12.
Another benefit is that you won’t have to wait long
to access your rewards. Token Issuance rewards are
paid out every day, while Ecosystem bonus rewards
are paid out on a quarterly basis.
price: $0.121137
market cap: $137,100,064 daily volume: $33,221,786
circ. supply: total supply:
12,013,965,609 21,000,000,000
https://iost.io
T H E
# 2 1
# 6 o f

+ NEW
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N TH
MO
ELOCATIONS
(ELOC)
eLocations has already been dubbed the ‘AirBnB of
Commercial Real Estate’ by ICO Bench.
If ever there was an industry primed for block-
chain-based disruption it’s retail real-estate. Heav-
ily fragmented, the vast industry is still primarily
offline. There’s no real online visibility of global
retail property availability– be they high street
shops, or shopping centres, the right opportunity
can be hard to find.
Even if a buyer is able to zero-in on just some of the
millions of available properties, local market intel-
ligence is thin on the ground and even the purchas-
ing process is clunky and mostly paper-based.
eLocations plans to use the blockchain to change all
that. Their online ‘one stop shop’ aims to analyse
all commercial property opportunities, globally. As
well as creating a powerful retail property market-
place, eLocations also plans to move the offline paper
contract process to blockchain smart contracts.
They say “up to 60% of eLocations’ future net income
will be distributed to all Token holders” and that once
the eLocations platform is up and running, the Secu-
rity Token will be exchangeable against a newly-cre-
ated Utility Token at a discounted price of 20%. This
will allow STO investors to use their tokens on the
actual platform should they wish, rather than hold-
ing for profits.
ico price: €0.05
total supply: 1,000,000,000 ito dates: N/A
twitter: @e_locations telegram: eLocations.io
buy at: https://www.elocations.io/#contact
T H E 2 1#
o f
#13
+
TO ET
MULTIVAC (MTV)
Continuing the trend of ‘blink and you’ll miss out’
IEO sales, KuCoin’s first ‘Spotlight’ sale project -
MultiVac sold out in a mere 7 seconds.
According to host exchange KuCoin, over 16,000
accounts participated in the IEO with only 1161 actu-
ally managing to bag any tokens.
MTV’s IEO price was $0.006 and it immediately
doubled in price upon listing at KuCoin, but has since
settled back down to $0.008 at the time of writing.
What is MultiVac? Well, first of all, it’s absolutely
not a decentralised household vacuum cleaner. It
is in fact a high-performance blockchain that uses
Trusted Sharding Technology to tackle the scalabil-
ity challenge.
A key feature of the platform is the MultiVac Virtual
Machine (MVM). This gives developers the ability
to fine-tune the features of their individual smart
contracts depending on the levels of decentralisa-
tion, performance and security required.
Of course, as soon as sharding is mentioned, many
will think of Zilliqa who have already successfully
launched the first sharding-dependent blockchain.
$ZIL represents the stiffest competition for $MTV,
in an already crowded market. However, if $MTV
can come anywhere close to matching the success of
$ZIL– currently sitting at around 15x its ICO price,
early investors will be more than happy with their
returns.
price: $0.006254 market cap: $4,940,858
daily volume: $752,958 circ. supply: 790,000,000
total supply: 10,000,000,000
https://www.mtv.ac
T H E
# 2 1
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#1
+ NS
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B ER 2
NUM

B E R 1
NU M
BITGUILD (PLAT)
On 6th May BitGuild begins the migration of its PLAT

AXPIRE (AXPR) utility token to the TRON network. Their flagship

As of March 11th, Axpire has introduced a coin
burning programme during which they plan to
burn 5% of their revenue from the license fees of
their Resolvr software at the start of every month.
At current rates, this should mean around 100,000
AXPR are burned at the start of May, and June.
AXpire also say the amount “will be adjusted with
incremental clients of Resolvr as we grow”.
For the trader, the interesting part of the story is
that in the few days surrounding April’s coin burn,
the price of AXPR leapt from $0.0073 to $0.011. Of
course, there could have been many other contrib-
uting factors, but it will certainly be worth keeping
an eye on AXP around the first few days of May,
and June.
price: $0.007157
market cap: $2,032,926
game, Bitizens, already made the move at the start
of the year, and the migration of the PLAT token was
an inevitable consequence.
BitGuild say: “With TRON solving many of Ethere-
um’s scalability challenges and fast becoming a force
to be reckoned with in the crypto world, we knew
this was the right move if we were to abide by our
mission of bringing blockchain to the masses”.
In the very short term, this should mean PLAT hits
the crypto headlines this month– Justin Sun is never
shy when it comes to promoting new additions to
the TRON family.
Long term, the increased liquidity benefits that
usually follow from joining the TRON network (see
BitTorrent) together with BitGuild’s promise that “a
portion of the revenue of all BitGuild products will
be used to buy back and burn PLAT”, could combine
to increase the value of the token.

daily volume: $7,401 price: $0.000822

circ. supply: 284,040,475 market cap: $2,476,547

total supply: 349,040,475 daily volume: N/A

https://www.axpire.io circ. supply: 3,012,617,482

total supply: 9,316,679,264

https://bitguild.io

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 B E R 4
NUM

B E R 3
NU M
APEX (CPX)
The launch of the Apex mainnet is fast approaching,

TOMOCHAIN and to celebrate the enterprise blockchain provider

is set to introduce a Node Rewards Program, known
(TOMO) as “KRATOS”.

TOMO has been in a general uptrend since Decem- Apex ran a similar rewards programme last autumn,
ber 2018. There have been peaks and troughs on the and a quick look at the 12 month chart reveals an
way up though, giving traders plenty of opportuni- almost comical ‘hump’ in 8 months of otherwise
ties to capitalize on market moves. stagnant price action. Even if you didn’t know, it
wouldn’t be difficult to spot the timing of the last
One such opportunity may present itself this month rewards programme.
with the scheduled launch of the TomoX Decentral-
ised exchange. This time around, the size of the reward pool has
increased ‘significantly’ according to Apex and is set
In a blog post back in November 2018, Tomochain to be worth more than $100,000.
said: “Development for TomoX has been ongoing for
two months, and we plan for it to go live in the main- Creating further demand for CPX during the two
net in late Q1/early Q2, 2019”. snapshot periods in May, is the fact that must boast
a Data Cloud Node (>20k CPX) in order to be eligible
If TomoX does launch this month, expect plenty of for the reward. If the scheme has a similar impact on
fanfare and potentially even an increased demand for price action as the 2018 campaign had, there could
TOMO tokens should the exchange become popular. be some excellent trades on offer around the time of
the snapshots.
With a market cap of around $35m, it won’t take
much buy pressure to see the price of TOMO move price: $0.008672
fairly sharply– but also keep in mind the old adage
market cap: $4,020,319
‘sell the news’ once the DEX announcements take
daily volume: $80,877
place.
circ. supply: 463,582,330
price: $0.558170 total supply: 676,989,090
market cap: $33,354,600 https://apexnetwork.io
daily volume: $284,514

circ. supply: 59,757,100

total supply: 100,000,000

T H E
# 2 1
0 o f
https://tomochain.com #1
2 1
#9 o f T H E #
+
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 +
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T
BITTUBE (TUBE)
BE R 5 BitTube allows you to monetize your time on the
NU M internet, either while browsing or generating content.

With working browser extensions, an integrated wallet

and ad-blocker, BitTube is already developing a ground-

ICECHAIN (ICHX)
IceChain’s ICO ended in November 2018 and they
made swift work of launching v0.1 of their public
testnet – which went live early in March.
$ICHX is already listed on six minor exchanges and
an interesting trading opportunity may present itself
when V1.0 of their testnet goes live on 30th May 2019.
This is because a snapshot will be taken at 00:00 UTC
on that day, at which point the 200 wallets holding
the most $ICHX will be granted access to testnet
mining with future possibilities to convert vICHX
to $ICHX at 1:1 ratio.
Whilst you may not be eager to fill your boots with
$ICHX in order to claim one of the top 200 spots, it’s
almost inevitable that some others will. A sudden
increase in demand will result in an increase in
price, therefore it will be worth keeping an eye on
the market in and around the snapshot period.
price: $0.000010
market cap: $7,407
daily volume: $60
circ. supply: 767,587,286
total supply: 1,000,000,000
swell of users. $TUBE can be spent and donated online,
so already has that much-needed utility.
In addition, BitTube has developed a WooCommerce
payment gateway which allows online businesses
to easily add $TUBE payment functionality to their
websites. If the ability to pay with and receive $TUBE
for online purchases directly into the company’s wallet
catches on, this could generate serious demand for
$TUBE.
$TUBE also has the added privacy benefits of being a
coin based on the Monero currency, making use of the
Ring Confidential Transactions concept.
$TUBE uses the Cryptonight Saber mining algorithm
and 30% of the $TUBE generated by each block is
retained for distribution as AirTime rewards to content
browsers and publishers alike.
You can mine $TUBE through pools, and the official
pool can be joined at https://mining.bit.tube. On aver-
age, a block is found by the official pool every 48-51
minutes (at the time of writing).
According to www.whattomine.com, using 330W of
power at a hash rate of 2700 h/s would take 4,771.19 days
to mine 1 BTC worth of $TUBE at current rates.

https://icechain.io price: 0.037864

market cap: $5,543,177 daily volume: $48,273
circ. supply: 146,397,181 total supply: 148,177,181
https://bittubeapp.com

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o f
#12
T H E 2
# 1
1 o f
#1
+ ING
SLEEP
GIANT

TE-FOOD (TFD)
$TFD was one of 2018’s most heavily-shilled micro-
cap coins, and with good reason. The food supply-
chain traceability market is ripe for blockchain-
based disruption.

Indeed $TFD already boasts an array of impressive

partnerships including Deloitte and the Food and
Agriculture Organisation. They also claim to have
6,000 current business customers and trace 200,000
chickens and 2.5milllion eggs per day.

However, it’s been just over a year since $TFD reached

its all time high price of $0.05. Currently sitting at
$0.008 with a market cap of $4.2m, $TFD could be
a few exciting news updates away from its next bull
run.

And those ‘exciting updates’ may come sooner than we

think. $TDF recently announced the launch of their
Q2 ‘SCALING UP’ campaign during which they say
they will “scale up adoption, transactions, master-
nodes, business scope and charity programmes’.
Certainly one to keep an eye on.

price: $0.005778

market cap: $2,949,416

daily volume: $15,780

circ. supply: 510,477,968

total supply: 567,917,833 m on

y s t e
b i l i t y e co s i es
https://ico.tefoodint.com t ra c e a t h o r i t
e s h fo od r s a n d au
t a b l ef r s u p p lie
a rm- t o - m er s ,
i s a f c o n s u
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#1 5 o i n to o n e
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 +
+ C ICO
TEORI T
ME CHLIS
AT
RISE W

BASIC
DAYTA (DAYTA)
ATTENTION Dayta uses blockchain technology to hand people

TOKEN (BAT) back the keys to their own personal data.

If you’re sick of hearing about how companies are

Basic Attention Token ($BAT) has had a stunning start harvesting your data for their own ill-gotten gains–
to 2019, rising over 300% from its yearly opening price Dayta could be the ICO for you. Their personal data
of $0.12. In fact, in April alone (at the time of writing) management framework is GDPR ready, and allows
the price of $BAT has risen over 100% as it currently users to control their data, monitor who’s using it,
sits at $0.39. and profit by giving selected entities access to it.
$BAT was founded by Brendan Eich, the man behind Personal data will be held offline, and only confirma-
JavaScript and the co-founder of Mozilla and the major tory data stored on the blockchain. The Dayta tokens
impetus for this past month’s meteoric rise is likely will be used for a variety of ecosystem actions includ-
rooted in the growth of another Eich creation– the Brave ing securing data, and purchasing items in the Dayta
Browser. store.
Brave announced back in March that its ads rewards pre-ico price: ico price:
programme had gone live, allowing web users to reward 0.0000193 ETH 0.0000296 ETH
online content creators and publishers with $BAT– a
min investment: $250
whole new revenue stream for YouTubers and Twitch
total supply: 1,500,000,000
game streamers among others.
preo-ico dates: ico dates:
Jun 28- Jul 12, 2019 Jul 12- Aug 9, 2019
In mid-April, the rewards system was taken mobile as
Android users were able to use it for the first time. twitter: @MyDayta
buy at: https://www.mydayta.io/register
Whilst primarily acting as an ad-blocker, Brave also
plans to reward users in $BAT for viewing their priva-
cy-first ads.

What affect this will have on the supply and demand

dynamics of $BAT remains to be seen– but the devel-
opment of a genuine use-case and a thriving ecosys-
tem built around the token would be great news for any
HODLers.

price: $0.320079 market cap: $403,459,127

daily volume: $40,807,695 circ. supply: 1,260,498,401

T H E 2
# 1
7 o f
total supply: 1,500,000,000 #1
https://basicattentiontoken.org

T H E 2
# 1
6 o f
#1
+
ICO
HLIST
WATC w i t h so c i a l m edia i n f l u e n ce r s a n d p ro v i d es a p l a t fo rm

s b r a n d s
o p a r t i e s.
a c o n n ect e n t h e tw
Gemstr o n s b e t we
t ra n s a cti
ct
fo r d i re

BCNEX (BCNX)
With so many new crypto exchanges springing up

GEMSTRA (GEMS) day after day, BCNEX is setting itself a high bar
by claiming to be ‘the ultimate blockchain trading
platform’.
Gemstra plans to tokenize what it calls “largest gig
economy ever”– using blockchain technology to They do have pedigree though. The team behind
bring together Key Opinion Leaders and influencers. BCNEX first joined the Forex market in 2006. Since
then they have developed a number of Forex trading
As well as powering direct commerce between
systems and in 2009 they “deployed a real-time data
companies and influencers with large followings,
application system to handle penny auction trans-
Gemstra also provides a platform for niche influ-
actions and system order matching, and eventu-
encers with small but more passionate audiences.
ally to operate the trading platform for our foreign
Gemstra’s ‘Boutiques’ online marketplace, launched partners”.
in 2017, gathered ‘over 3000 influencers/KOLs, 8
The BCNEX crypto exchange itself will use an Insti-
brands, and reached 7-figure run-rates within 10
tutional-grade Trading Engine, with the aim of
months of launch’. So they have form. Their new
handling up to 2,000,000 orders per second. The
Astra smart-contract based platform is set to take
BCNX utility token will be used to trade, buy and
the Boutiques idea a step further as “Gemstra eyes an
sell other cryptocurrencies on BCNEX, as well as
industry valued well over $100 billion globally and
paying transaction fees, while token holders can
seeks to serve 50% of industry volume as its default
look forward to receiving incentives of up to 75%.
commonwealth infrastructure”.
pre-ico price: ico price:
ico price: 0.0001 ETH
$0.1 $0.15
min investment: 0.3 ETH
min investment: $100
total supply: 2,000,000,000
total supply: 100,000,000
preo-ico dates: ico dates:
preo-ico dates: ico dates:
Apr 15- Jun 30, 2019 Aug 1- 14, 2019
Jan 1- Feb 28, 19 (Ended) May 3- Jun 27, 2019
twitter: telegram:
twitter: telegram:
@GemstraOfficial Gemstra (GEMS) [Official]
@bcnex_net Bcnex Official
buy at: https://cobinhood.com/token-offering/
buy at: https://www.bcnex.net/ico-home-session

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#1
 LOVE AIR
COFFEE (LAC)
MIGRANET (MIG) If you like your coffee served hot and decentralised,
LOVE Air Coffee could be the project for you.
Donald Trump, look away now. Migranet is the
world’s first blockchain-based global-immigration LOVE Air Coffee say they have “developed innovative
platform. equipment for roasting coffee beans which signifi-
cantly improves the taste and aroma”.
Migranet plans to use AI to offer free eligibility
consultations to people thinking of migrating to a For those more focused on financial aspects, their
new country. They will use blockchain technology technology “preserves the beneficial trace elements
to verify migration agents and store documents and contained in coffee and minimizes the loss of weight
biometric IDs securely on the blockchain. in the grain during processing, which significantly
increases profits”.
Because of the reduced administration costs afforded
by blockchain-optimized systems, Migranet also Where does blockchain technology come in? Well
plans to offer up to 90% reductions on fees, includ- LOVE Air Coffee says it will be used to optimize
ing permanent residence for $500, temporary for many business processes including analytics, prod-
$150 and NGO-friendly pricing for refugees. uct tracking, customer contact and privacy. The
platform’s LAC token will be used to pay for coffee
The MIG utility token will be used for the payment orders online or in shops at discounted rates.
of services on the Migranet platform.
pre-ico price: ico price:
ico price: $0.2 0.015 EUR 0.025 EUR
min investment: 1 ETH min investment: 1 ETH
total supply: 510,000,000 total supply: 125,000,000
ico dates: May 16- 18, 2019 preo-ico dates: ico dates:
twitter: May 1- Jun 10, 2019 Aug 1- Aug 31, 2019
telegram:
@Migranet1 Migranet.io twitter: telegram:
buy at: @LOVEAirCoffee LOVE Air Coffee Official
https://platform.icomplyico.com/ico-registration buy at: https://tokensale.loveaircoffee.com

T H E 2 1
#
1 o f
#2
E 2 1
# 2 0 o f T H #
+
ICO
e e b e a n
o f co f f
a s p e c t s
o l o gy i n to a l l
i n te ch n
k ch a
g bloc
f fe e is bringin
A ir C o
L O V E a s i n g.
d pur ch
a n

T
g
sourcin

CHLIS
WAT
 ARE YOU A BUDDING

CRYPTO
WRITER?
JOIN US!
IF YOU LOVE REPORTING ON THE CRYPTOCURRENCY WORLD, BE
IT NEWS STORIES, COIN ANALYSIS, INTERVIEWS OR OTHERS,

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REVIEWS
FIND
OUT
WHAT'S
HOT
IN THE
CRYPTO
WORLD
THIS
MONTH

OUR
THOUGHTS
ON A
SELECTION
OF
PRODUCTS
FROM
THESE
WORLDS:
WALLET

SERVICE EXCHANGE

(Clockwise from top) Hardware: CoinWallet S, the ‘no ordinary hardware wallet’ with well-developed
HARDWARE APP
usability and patented technology to secure your funds (P.44). App: Bitcoinflip, a unique bitcoin
trading simulator (P. 45). Service: Dharma, the new platform allows you to either lend or borrow
cryptocurrency from anywhere in the world. (P. 42).
WALLET

ATOMIC
https://
atomicwallet.io
WALLET

What can I do with Atomic darn complex for a lot of us to use, let alone get our
What is it? Wallet?
heads around - and so a wallet like this which puts
the user experience first, is destined for greatness,
The Atomic and will do a huge amount towards furthering the
As well as being able to manage your
Wallet lets you adoption of crypto by the masses.
standard cryptocurrencies like Bitcoin,
store, manage, Ethereum, XRP and Litecoin, the Atomic
and swap your Wallet allows you to use over 300 tokens
Atomic Swap Exchange
cryptocurrency within the single interface. One of the other key features of the Atomic Wallet
in a secure,
is that you can perform cross-chain atomic swaps
decentralized, Set-up within the interface. This means that third parties
and anonymous
will never get hold of your tokens, which will
environment. Set-up is relatively simple for this wallet.
provide an even more secure and safe environ-
Go to Atomicwallet.io, and download and
ment for users. The wallet allows you to use 300
install their app. Click create wallet, then
tokens, and for the ones it doesn’t support, it has
enter your details and create a password,
built in systems for you to use other decentralized
then you’ll be given a seed phrase you’ll
exchanges such as ShapeShift and Changelly, which
have to write down and store safely, as this
have many more available tokens.
will allow access to your wallet to anyone
who has the phrase.
Availability
Cool features Atomic Wallet is available on all the major systems,
including Windows, MacOS, Ubuntu, Debian,
The number one cool feature about this
Fedora, and you can also get it on Google Play and
wallet is that it’s extremely simple to use,
the App Store. Visit https://atomicwallet.io.
so is perfect for beginners, while also
being brilliant for experienced users alike.
Another great feature is that you can buy
bitcoin directly with a credit card in the
atomic wallet interface,
which means that you
don’t need an exchange
account in order to
start purchasing and
trading cryptocurren-
cies. The wallet is also
packed full of features
designed to make the
user journey as easy
and enjoyable as possi-
ble. The main hurdle
(Bottom right) to mainstream adop-
The dashboard of tion of cryptocurrency
Atomoic Wallet. is the fact that it’s so

REVIEWS 41
SERVICE

DHARMA
“Experience magical internet
https://www.
money”
dharma.io
Borrow, lend, and experience
crypto on Dharma
have to jump through to get a loan approved by the
banks is insane, and even after all the i’s are dotted
and the t’s crossed, a vast amount of loan requests
What is it? are refused. Not to mention the risk of acciden-

Exciting news What can I do with tally committing fraud if you suddenly need to use
the loan for a different purpose than you initially
this month as we Dharma? requested it for. Crypto loans are much safer,
see the Dharma however the onus is on the borrower to be responsi-
protocol become You can either take out a loan in a few
ble for their money, which is both a blessing and a
operational– the simple clicks, or you can put your crypto-
curse for some.
new platform currency to work yourself and use the plat-
form to lend to others - accruing interest
allows you to
along the way. This interest could be up to
Not so cool features
either lend
or borrow 14% of your initial investment, according It’s slow. Their website has an interactive graph
cryptocurrency to the Dharma website. The service isn’t showing the amount of ETH you can earn through
from anywhere unique to crypto, but it certainly looks like interest by loaning out your cryptocurrency
in the world. one of the more popular ones already judg- through their platform - and, well, it’s nothing to
ing by the amount put up for borrowing, write home about. For an initial wallet balance of
and the amount taken out in loans already. 10 ETH, you can earn 1.29 extra ETH (13%) after
5 years. Now, perhaps we’ve been spoiled by the
Set-up 1000% crypto gains most of us have lived through,
but a 13% love bite after 5 years isn’t that ground-
There’s no set-up to speak of. And as such,
breaking in and of itself.
there’s already been $9million borrowed
and $11.9million offered. You need to have
a name (check) an email address (yup)
Availability
and… well, that’s about it. It’s available to anyone, anywhere. Visit https://
www.dharma.io to learn more.
Cool features
It’s so simple to use, and has the potential
to put the banks
out of business by
giving real-world
interest gains to
the average cryp-
tocurrency hodler,
without any of
the paperwork.
(Top) Dharma
The real bene-
logo. (Bottom
fit here though
right)
is to the borrow-
Screenshots of
ers as opposed
the Dharma
to the lenders.
beautiful user
The hoops people
experience.

42
EXCHANGE

GETFIFO
https://getfifo.io

The cheapest place to buy

and sell cryptocurrencies in
the UK

customer base. They say they aim to bring social

What is it? conscious (do they mean conscience?) to the block-
chain, and will do this through their charity work.
getFIFO is What can I do with It’s a relief to see businesses operating in the cryp-
a UK based getFIFO? tosphere that value a social conscience instead of
cryptocurrency solely making money After all, what’s the point in
exchange which With the getFIFO exchange, users can buy making money if you don’t put it to good use?
allows users and sell cryptocurrency tokens instantly
to buy and in a safe and secure environment, for low Not so cool features
sell crypto– cost. Does what it says on the tin.
according to their Where do we start… In terms of their charities -
website– for the Set-up only UK ones are eligible. This strengthens their
cheapest prices in core UK audience, but at the same time would
A simple and standard exchange registra- slightly negate the effect of this program on the
the UK.
tion is required to set-up your account, wider world. The next thing - and this is really
nothing too strenuous at all. a personal gear grinder as opposed to anything
significant - is that all over the site the team refer
Cool features to ‘Crypto Currencies’ as opposed to the accepted
term Cryptocurrencies. It’s a non-issue, and
One of the coolest features about getFIFO doesn’t affect the service they provide, however the
is their desire to make the world a better seasoned veterans of the cryptocurrency industry
place through charity. The exchange has a may think twice before signing up, as even a single
program in place which gives a set amount typo or misspelling can historically affect customer
of their net profit to charity each and every trust significantly. And some small typos, as stated
quarter. The charities themselves will be above. Conscience, FIFO team, not conscious -
selected by the getFIFO board, and voted landing page marketing copy matters! Also, some
for by the users - which will help with of their landing page links revert back to the top of
community engagement significantly. The the page instead of linking to other areas of the site.
FIFO team say that they pride themselves Basically, their website needs a little work (but we
on being transparent and honest, and can talk).
through this transparency they can grow
and develop their platform along with their Availability
(Top) The
dashboard Users can register at https://getfifo.io
of getFIFO
exchange.
(Bottom)
Co-Founder and
COO of getFIFO
Jeff Hancock.

REVIEWS 43
HARDWARE

COOLWALLET
https://
coolwallet.io
S
What can you do with
CoolWallet S?
Cryptocurrency hardware wallets are the supe-
rior way to keep your digital currencies safe.
What is it? The term used to describe these wallets is ‘cold
storage’ as the funds are secured off the major
CoolWallet is networks, and as such are resistant to hack-
the world’s first ing and tampering of any kind. The CoolWal-
hardware wallet let website describes their hardware wallet as
for Bitcoin, ‘no ordinary wallet’, having a combination of
Ethereum, well-developed usability and patented technol-
Litecoin, XRP, ogy to secure your funds.
Bitcoin Cash, and
ERC20 tokens. Set-up
Purchase, await delivery, and then follow the
simple instructions to set your hardware wallet
up. As with everything to do with cryptocur-
rency, nothing is simple– however the CoolWal-
let is one of the simpler hardware devices to use.
Cool features
The CoolWallet also has an app which you can
use alongside your hardware wallet. This app
is secured via military-grade bluetooth tech-
nology, and ensures that your funds are never
exposed to any network, even while using the
app. With this app you can track your hard-
ware wallet’s investments with an intui-
tive dashboard, and you can send and receive
transactions instantly in a secure environ-
ment. The CoolWallet hardware wallet itself
is extremely user friendly, nd in fact only has
one button through which you use it. On the
website, Charlie Lee himself, creator of Lite-
coin, endorses the CoolWallet as being the best
hardware wallet he’s used.
Some other benefits of the hardware wallet
compared to other wallets, are that some only
allow desktop only interfaces, some allow hot
storage, which means your funds are at risk.
There’s also a 2+1 factor authentication, which
is superior to other methods for securing your
funds safely.
Not so cool features
As with any piece of hardware, there’s a manu-
facturing cost attached. The CoolWallet
comes in at $99 USD, which is not extortion-
ate by any means, however it does mean that
those looking to buy and sell cryptocurren-
cies cheaply may opt for free and less secure
online wallets. Also, other hardware wallets
such as those made by Ledger come in at a little
cheaper. However the price difference is negli-
gible - and if you’re going to fork out for some
super secure technology, then a differ-
ence of $20 or so really isn’t anything
to worry about. It’s a much better alter-
native than the risk of losing $1000s on
an unsecure and unreliable online hot
wallet.

Availability
You can buy the CoolWallet at https://
(Top) CoolWallet coolwallet.io.
S logo (Bottom)
CoolWallet S'
hardware wallet
and app.

44
 APP

BITCOINFLIP
https://
bitcoinflip.app
on charts and through your other research portals,
The world’s best Bitcoin and buy and sell instantly on the app - mean-
ing that there’s a high level of accuracy with
trading game what you’re doing, so you can see much better
whether it’s working or not. The app itself has
helpful candlestick and line charts so you can do
everything in-app if you’d like as opposed to using
What is it? other sources for your monitoring.

Bitcoin Flip is a What can I do with Bitcoin Not so cool features

unique bitcoin Flip?
trading simulator
that allows you to The app is pretty easy to use, and you can
trade and test out trade any cryptocurrency either with stand-
your strategies ard practise or with leverage. You can also
to see what your see how much of what currency others are
chances would be buying and selling. This is an extremely
of earning some useful app - the horror stories of people
serious money if investing their life savings into cryptocur-
you were to trade rency at the top of bitcoin’s $20,000 peak,
for real. and then losing them weeks later, were
coming forth on an almost daily basis. This
app is fun, sure, but its educational benefit
is far greater. Helping people to trade effec-
tively and manage their money correctly
in a no-consequence environment is
invaluable.
Set-up
Just click and play! You get $10,000 of
pretend magic internet money to start with.
Use it wisely.
Cool features
All the pricing is real-time, so you can
watch and research
The nature of the app may well encourage *some*
people to trade more riskily in real life. Statisti-
cally, someone out there has to have a lucky run.
Imagine having a user who uses a trading simula-
tor like this, and they stake $1000 on some Altcoin
that time forgot, and they see a $10x gain over-
night. Then they do it again, and again, and one
in a hundred thousand people may well become
an overnight millionaire (within the realm of the
app). What happens then when they go headfirst
into cryptocurrency trading for real, and they find
that their life savings suddenly vanish as their
lucky streak runs out? Ideally, an app like this
would be accompanied by an educational portal or
integrated systems, so that people can learn along
the way. Fun is fun, but it’s important to remember
that the app is training people for spending their
real life money. That said - it’s certainly much
better than having nothing at all to trade with, and
for 99% of people will prove to be extremely effec-
tive in helping them improve their game.
Availability
Bitcoin Flip is available on the web, on Android, or
iOS.

(Bottom)
Screenshots of
the Bitcoinflip
game interface.

REVIEWS 45
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 R I S E O F
T H E

$ B N B yo n e s t o p
C a n a n
in a n c e ?
B
r a t n a m
C a rl Guna
r d s by
Wo
 Currently sitting at a market cap of just over $3.1bn,
and with a token price of $22 (at the time of writing)
it appears that the sky is the limit for $BNB. Industry
commentators have speculated that the launch of
Binance Chain could have a “devastating effect” on the
current incumbent of the top altcoin spot, Ethereum.

When Binance Cryptocurrency financial rating agency, Weiss Ratings

launched its ICO in went a step further, saying on Twitter “It seems $BNB is
July 2017, with native leading the market now– when $BNB is up, the market is
token $BNB priced at up– and vice versa. Is BNB the new (Bitcoin)?”
just $0.10, few could
imagine the success
story that was to
follow.

TH E N E W
Less than two years

B N B
IS $
N ?
later, after the recent
launch of Binance’s
own blockchain–
Binance Chain– and
another surge in B I T C O I
price, $BNB became
only the second
cryptocurrency to In short, no. For one simple reason- $BNB is centralised.
reach a new all-time Binance CEO Changpeng “CZ” Zhao has proven himself
high since 2017 (after to be a masterful leader and an incredibly shrewd
EOS in May last year). businessman. But the fate of Binance and $BNB will
always lay in the hands of Zhao, his team or shareholders.

In the same way that CZ was able to click his fingers and
delist $BSV after the Craig Wright controversy, he could
just as easily decide to close or change the direction of
Binance at a moment’s notice, in a way that users find
unpalatable. It’s unlikely, but it’s a risk nonetheless.

So ideologically, unless CZ has a huge surprise up his

In this feature,
sleeve, $BNB cannot be the new Bitcoin. But can it
21CRYPTOS Magazine
surpass Bitcoin’s market cap?
takes a look at just
how high $BNB could
soar, and asks
Certainly.
‘can At its current market capitalization, Bitcoin is 31 times
anyone the size of $BNB. The gap may seem insurmountable,

stop but if you believe in the fabled ‘trillions of dollars

of institutional money’ set to flow in to crypto at any

Binance moment, then it really is all to play for.

?’ As a decentralised store of value, it’s hard to

contemplate any other currency coming close to
toppling Bitcoin. However, in terms of utility, $BNB has a
major advantage. As a centralised entity, it can ‘get s**t
done’ – and quickly.
# B U I D L
As CZ frequently comments, while the
bear market has bitten hard, Binance
has kept its head down and continued
to build, or ‘buidl’ new utility for the
$BNB token. First of all there is the
discount offered to $BNB holders
on trading fees. More recently,
demand has been driven by Binance’s
Launchpad IEO service. With many of
the initial IEOs selling out in seconds
and spending $BNB being the only
way to get a slice of the action, it’s no
surprise that the price of the coin has
grown 300% in 2019.
Back in March, Binance launched a
#UseBNB campaign to highlight the
array of use-cases for the $BNB token.
With a list of over 50 real-world use
cases and wallets, including the ability
to buy HTC smartphones, take out
loans through NEXO or EthLend, and
even buy a house through Propy there
are plenty of ways to spend $BNB–
and Binance’s coin-burn mechanism
also gives investors a reason to ‘hodl’
it.
Every quarter, profits from the Binance
exchange are used to buy back $BNB
from holders and burn them, reducing
the circulating supply and, in theory,
increasing the value of the token.
Y
I T
U I D
I Q
L
A W
D R
Binance is the world’s leading cryptocurrency exchange by
volume, doing well over $1bn in volume every day– even in
the deepest darkest winter the crypto space has ever seen.
But a clever combination of the high profile #fundsaresafu
campaign, and the continuous support of major airdrops,
forks and token swaps makes it easy for crypto users to just
leave their tokens on Binance and ‘forget about them’.
Everyone knows leaving coins on an exchange is a terrible
strategy – the seemingly endless stream of exchange hacks
is testament to that. However, with CZ whispering in your ear
every 5 minutes that “funds are SAFU” and putting his money
where his mouth is with a SAFU fund in case user funds
are ever lost, it can be tempting to break cryptocurrency’s
#1 rule and just let your coins sit on Binance earning
airdrops. Got a mainnet token swap coming up? Don’t worry,
Binance will do it for you. Need to collect Gas for your NEO
holdings? No sweat, Binance has got you covered.
As well as dramatically raising the risk of losing your crypto
though, this also creates a liquidity draw. While this isn’t
great news for other exchanges and markets, it’s fantastic for
$BNB holders as the more trades that are done on Binance,
the more demand there is for $BNB. And Binance gives you
very few reasons to move your coins anywhere else.
 O U T
W H AT A B
R E U M ?
E T H E
Even with all of the above, a 31x difference
in market cap is an incredibly difficult gap to
claw back if $BNB is to dethrone Bitcoin. Also,
as a centralised currency, there is no way $BNB
can be the trusted store of value that Bitcoin
will become, and to some extent already is.

So is flipping Ethereum a easier target for
$BNB? Well, currently $ETH has a market
cap of $17.5bn - around 5x that of $BNB– so
the idea of a $BNB/$ETH ‘flipenning’ is far
more realistic than the idea of $BNB toppling
Bitcoin.
Fundamentally speaking, the launch of
Binance Chain and the Binance DEX is also
‘one in the eye’ for Ethereum. Although
initially, Binance say they only aim to
“quickly launch a platform that does one
thing very well: exchange assets”, CZ also
had this ominous sounding warning for
his competitors: “Once we show that the
infrastructure is sound enough to handle many
transactions quickly, the additional features
will follow”.
Perhaps CZ doesn’t even have world
domination in his sights. In fact, responding to
recent twitter suggestions that Binance Chain
could mean the end of Ethereum, he tweeted:
“(The ETH) dev community is unmatched. But
they do many different things. Our (BNB) dev
community is much smaller, but focused on
one thing. Let’s see how it plays out.”
“How it plays out” exactly is anyone’s guess.
CZ told The Street that while Binance has a 10
year strategy, they tend not to plan any further
than three months ahead. It’s difficult to know
what CZ has up his sleeve.
However, after creating fiat-to-crypto on-ramps
though the likes of Binance.Je and Binance Uganda,
the arrival of a new crypto bull market would test
the position of Bitcoin and Ethereum as gateways to
other altcoin markets.
Also, although the idea that a centrally owned
exchange could be a DEX is troublesome, it would
take a brave man to bet against the newly launched
Binance DEX taking as much of a stranglehold on
the decentralized exchange market as Binance
already has on the centralised exchange market.
Arguably more concerning to the likes of Ethereum,
decentralized social media platform Mithril recently
became the first existing project to migrate over
from the Ethereum blockchain to Binance Chain.
If many others follow suit, and Binance Launchpad
continues to drive an IEO frenzy in the same way
Ethereum provided the catalyst for ‘ICO Mania’ in
2017/18, the ‘Game of Crypto Thrones’ could have
plenty more twists to come.
Who would bet
against CZ
wearing the crown
once crypto winter
is over?
 The
Bitcoin
Whitepaper
Analysis
SIMPLIFYING SATOSHI

SIMPLIFYING SATOSHI

60
 On October 31, 2008 an unidentified
person or group calling themselves
Satoshi Nakamoto released ‘Bitcoin:
A Peer-to-Peer Electronic Cash
System’.

In part 4 of this series, 21CRYPTOS

Magazine continues its deep-dive
into the whitepaper that changed the
world.

Proof-of-
Work
PART 4 OUT OF 12

PART 4 OF 12

By Carl Gunaratnam

F E AT U R E 61
 This section is where Satoshi Nakamoto begins to put the meat on the bones of
his idea. In Section 3, he introduced the concept of using a timestamp server
to prove the validity of a transaction, by verifying that it was ‘first’.

However, in a decentralised system the timestamp itself must of course be

decentralised too. And this is where Proof of Work (PoW) comes in.

“To implement a distributed

timestamp server on a peer-to-
peer basis, we will need to use a
proof-of-work system similar to
Adam Back's Hashcash.”

As time has gone on, Adam Back– whose Hashcash system was originally
intended to prevent the abuse of internet-based services like E-mail– has
SIMPLIFYING SATOSHI

proven to be a controversial figure. Back has often been quoted as saying

Bitcoin uses Hashcash as its PoW, when there are clear differences. For
starters, the Hashcash algorithm was designed to increase or decrease in
halves whereas Bitcoin’s algorithm responds dynamically to maintain a steady
rate of 6 new blocks per hour.

62
 How does Satoshi’s PoW,
work?

Satoshi introduces his PoW solution, saying it

“involves scanning for a

value that when hashed,
such as with SHA-256, the
hash begins with a number
of zero bits. The average
work required is exponential
in the number of zero bits
required and can be verified
by executing a single hash”.

PART 4 OF 12
This is where the ‘work’ comes in. To mine a block, miners use
computing power to create a hash of the block of information they’ve
put together (this block includes transactions and the hash of the
previous block). However, hashes also have a numerical value– and
in order to ‘win’ the block, and solve the puzzle, miners have to
create a hash which has a numerical value below the hash target. The
hash target is set using ‘zero bits’ as Satoshi says. Adding zeros to the
target, makes creating a hash below that target even more difficult,
slowing block creation when needed.

Essentially, the ‘work’ is trial and error. Miners use their CPU power
to constantly create hashes for the new block until one is created that
falls within the target hash value.

F E AT U R E 63
 If you were paying attention to previous sections, you’ll know
that the only way to create a different hash, is to change the
information you’re hashing. But of course, miners don’t want
to change the information in their blocks, as that pertains to
transactions and the hash of the previous block. So to make it
possible to generate different hashes without changing the block
information, Satoshi adds a ‘nonce’ (‘number used once’) to is
PoW system. Miners therefore keep all of the block information
the same, and simply change the nonce each time, in order to
create a different hash.

Whoever is the first to select a nonce that, when hashed with the
block information, creates a hash value under the target, wins the
block and therefore the mining reward.

Crucially;

“the block cannot be

changed without redoing
SIMPLIFYING SATOSHI

the work. As later blocks

are chained after it, the
work to change the block
would include redoing all
the blocks after it”.

The sheer amount of ‘work’ required to change a block, all

subsequent blocks, and catch up with the chain afterwards is the
blockchain’s built-in safeguard. Even if an entity was to gather
enough computing power (51% of the network) to make such a
move, it is unlikely that the rewards would exceed the ‘effort’
expended to do so.

64
 END OF PART 4

F E AT U R E 65
P E O PL E OF
H
B L OCKC A N I
WITH
E E
PAV L MA T V EV
FROM WIREX
 U S E
YO U R
MONE Y ,
YOUR
W AY.
 150 years ago, people wanted faster horses,
but Karl Benz invented the car. Today, people
want better banking, not realizing that it’s an
old and broken model, so Wirex does what Karl
did with cars and is reinventing how people and
businesses store and spend their finances.

A B OUT Wirex Limited is a borderless payment platform

and it offers consumers and businesses crypto
REINVE N TING and traditional fiat currency accounts for
domestic and international payments. Wirex
BANK I NG launched the world’s first Visa card that allows
users to convert and spend cryptocurrencies
FO R PEO P LE wherever Visa is accepted, and the company

AND now supports 9 cryptocurrencies and 10

traditional currencies, boasts over 2 million

B USI N ESSES users and has processed more than US$ 2bn of
transactions.

In our latest press release from Wirex, plans

of launching 26 fiat-backed stablecoins using
Stellar technology have been revealed. You can
read all about the news here, but for now, let’s
dive in.

by Emil Sterndorff,
CEO of Altcoin Magazine

This interview originally

appeared on Altcoin
Magazine.
So, Pavel, I’m really curious about what leads a
man to create what you have created– a product
that is loved by 2,000,000+, and supporting
300 employees in their own journeys.

What was your background before Wirex?

It’s 2M+ customers in 130+ countries, actually!

I started my career in 2002, 12 years later,

I worked in top-tier investment banks in
London: Morgan Stanley, Barclays Capital,
Credit Suisse, etc. Primarily, I helped banks
build trading platform and algo-trading
strategies. I have always dreamed of building
a tech company.

What led you to start Wirex? Did you

experience a ‘Eureka!’ moment like I did PAvel Patveev (left) is the CEO of Wirex.
personally when I sent a $300 express transfer
via my local bank and paid $60 in fees? What’s
the story?

I’ve read about Bitcoin on the internet, I think

it was on Reddit, being quite technical it
was very easy for me to see the potential of
blockchain technology. At that time, the price
of bitcoin $200. Bitcoin is used in trading
as a currency or commodity, so my trading
background was quite handy.

The main reason why I was interested in

bitcoin was the fact that I love the technology
and I was looking for the next challenge in
my career. The thing I liked the most was
that in 2014 Bitcoin was only for tech people,
you had to install tons of different wallets,
download blockchain, check if it works or
not —  i t was a great time, and I knew it was
something I wanted to explore further.
Thanks, Pavel. Now, let’s talk about Wirex. On
Altcoin Magazine we’ve previously covered your
product via a review, but much has happened
since then, including a rebrand. For those who
might not know Wirex, can you tell us what you
are?

Wirex was founded in 2014, back in the days

when Bitcoin was purely for geeks. It was not
a user-friendly system at all, so on one of our
main goals was to make using it simple, easy,
and accessible to everyone.

The second goal was to use it in payments

for transferring value. We launched our first
product  —   a Bitcoin-supported debit card — in
2015, way before other companies started
looking into this space (note: Wirex was the
first company in the world to launch crypto
debit card).

In short, the ultimate goal was to make crypto

an easy and convenient payment instrument.

Wirex is a London-based Fintech company.

We currently have a team of 300+ people
located in London, Tokyo, Singapore, Toronto,
Atlanta, and Kiev. We are not an ICO company
but instead are backed by SBI Group/
Softbank.

Our main mission is to provide a genuine

alternative to conventional financial
institutions, by connecting traditional and
new digital ecosystems on one borderless
payment platform.

Awesome! In a call prior to the inverview, you
mentioned that Wirex is not an ICO, but you
mentioned to me that this was actually an
option you had thought of.
Why did you decide to stick to the old-fashion
business plan, and why do you think you
managed to succeed to this expend without the
need of an ICO? How would things have looked
if you did do the ICO?
When ICO hype kicked off, there were a lot
of scammers and people who were looking
to make quick money rather than doing
business. It was tempting to raise money
via an initial coin offering, but we decided
that we DON’T want to be associated with
this part of the crypto industry. Instead, we
decided to focus on building the platform,
growing our team and obtaining licenses. In
retrospect, it was the right decision, being
backed up helped us get our bin sponsor and
be one of the crypto-supported debit cards
to re-launch after WaveCrest operations
were shut down by Visa. It really helped to
demonstrate our credibility to the Financial
Conduct Authority.
You call Wirex a payment provider, but you also
supply banking solutions for businesses, and I
think this is where it gets really interesting!
On the call we had the other day, you mentioned
that most “disruptive” banks nowadays are still
just old banks with a new paint job, but right
from the beginning, you wanted to reinvent the
bank by introducing, and giving the people and
businesses the opportunity to utilize both fiat
and cryptocurrencies as they wish. Am I right?
We have always positioned Wirex as a
payment company and we’ve always focused
on the huge potential of digital assets being
used in payments. Put simply, payments is
our focus — not trading or investment. While I
am certain that digital/crypto payments are
the future, the industry is still in its infancy
and currently suffers from poor adoption and
a lack of integration with existing financial
infrastructure.
That’s why we believe the first step toward
mass adoption is bridging the gap between
digital and conventional payments. Our
Wirex Visa cards allow you to spend digital
currencies in 40M+ merchants around the
world and our platform lets you use Wirex like
your normal bank.
People often ask me how Wirex is different
from other challenger banks. I usually use the
apocryphal Henry Ford quote to explain the
difference:
“If I had asked people what they wanted,
they would have said faster horses (better
banking).”
Existing challenger banks are trying to create
a better banking experience by streamlining
and improving conventional finance rails. I
believe this is a dead-end — you can’t create
better banking by using legacy infrastructure,
you can’t make banks open on the weekend
and you can’t make SWIFT faster and
cheaper. Going back to Ford’s quote, all these
challenger banks are doing is making a faster
horse.
Wirex, on the other hand, has created a
payment platform for a token economy from
scratch. We believe that all payments will
be digital very soon and are building the
eco-system to accommodate this. We are
building the car, NOT a faster horse.
I love that, and I agree. There are way too many
“disruptive banks” that is just an old bank with
a new paint job. Surely, to make banking better,
it needs to be reinvented.

Wirex came about in 2014, a couple of years

prior to the 2017 bull market, so to say.
Being a completely new type of business in an
industry that is not even certain to become
widely adopted, what struggles did you go
through, and then when the bull market arrived,
how did that affect Wirex?

The bull market of 2017 is not the first bull

market we’ve seen; we don’t think it’s the
last either. One of the struggles we faced
last year was the overwhelming noise from
ICO companies who valued aggressive PR
and marketing over a working product.
Companies promised customers the world
without being able to deliver — even as a
reputable firm with a revolutionary product, Indeed. Crypto is just small fish in the big world
it was difficult to be heard through the din. economy and I too believe that crypto shouldn’t be
Now the hype is over. ICO companies are developed to solve crypto related problems, but if
dead or dying and we are one of a few players projects and companies solve real world problems
on the market getting ready for the next bull with the use of crypto or blockchain, then that will
run. be the driving factor for success.

We’ve been in the so-called crypto winter for
about a year and a quarter if you ask me.
What’s your take on the downtrend, and why
might it even be an important cycle to go
through?
The crypto-winter is healthy for the industry.
It has cleared the market of dead wood and
allowed space for innovative companies to
thrive.
Totally agree, and I also think this is what
makes Wirex stand out —  you know, one of
Wirex’s core values is to use crypto beyond
trading and speculation, and that leads me to
wanting to ask–
Do you think most projects are handling crypto
the wrong way, and what should be their focus,
in order to achieve adoption rather than being a
speculative asset?
Well, 99% of companies focus on trading
and speculation because it’s much easier. In
order to achieve mass-adoption, companies
must concentrate on solving real-life
problems  —   n ot crypto-gambling.
Now, can you expand a little on the business-
banking side of Wirex? Why do businesses like us
need it? Oh, and FYI, people, Altcoin Hub, Inc. is on
the waiting list for their business solution.
Getting access to a bank account is a challenge
for all crypto/blockchain companies. Traditional
banks have turned their backs on it and
frequently refuse access to these type of
companies. Individuals have even had their
accounts frozen on suspicion of being involved in
the crypto-related activity. However, businesses
still need some sort of bank account to be able to
conduct daily business transactions.
We already provided an alternative to traditional
banking with our personal accounts. We quickly
realised that some customers were using their
accounts for business purposes. Our goal is
to provide choice and flexibility in payments
to our customers, individual or businesses. So
we launched our business account. With Wirex
business companies can have FIAT and Crypto
accounts in one place + OTC exchange rates for
any currency pair.
Now, knowing some of your favorite topics, I
figured we’d dive into them as well. When it
comes to payments, crypto is a phenomenal
solution due to its peer to peer nature, low
costs, and short transaction times, but not
many have managed to allow crypto payments
to be a natural part of life. What’s your take on
this?

Digital peer-to-peer (P2P) payments are the

future, but adoption takes time. As more and
more companies focus on real-life use cases
(not trading), we will see increasing numbers
of people using it for payments. Once we
reach a critical mass, P2P payments will be
everywhere. Imagine PayPal payments on a
global scale and now fees…

What’s your take on stablecoins? Personally, I

see them as a great steppingstone to broader
adoption of crypto, but the current solutions
have their problems and limitations. Where
do you see stablecoins being used in the near
future, and how exactly will it play out for
them?

Personally, I believe stablecoins will change

the payment landscape very soon. They
are not volatile, they fall under existing
e-money regulation and don’t require local
liquidity providers to convert them back into
fiat currency. I believe that stablecoins will
be used as payment rails for cross-border
payments and Machine-to-Machine (M2M)
transactions.

Oh, and in a recent press release from you
guys that we published in our magazine, we
revealed your plans of adding 26 Stellar-based
stablecoins to Wirex. Can you expand on this?
Why is this critical and beneficial for users and
businesses?
Stablecoins have the potential to transform
international remittance. For a start,
they combine the speed and cost of
cryptocurrency transfers with the market
stability of fiat currency. Traditional banking
remittance can be expensive and time-
consuming and does not reflect the 24/7,
365 days-per-year live economy that
consumers have come to expect. Fiat-
backed stable coins also fall under existing
e-money regulation —  e .g. in Japan, where
cryptocurrencies are regulated, there is no
need to obtain a Virtual Currency License if
your company only deals with fiat-backed
tethers.
Wirex stablecoins will be available to every
one of our 2M+ retail and 5K corporate
customers across more than 130 countries
worldwide.
So who stands to benefit, you may ask?
1. Retail customers  —  Stablecoins are a cost-
effective and efficient way to move
funds across the globe and we expect a
large volume of retail customers to use
stablecoins for sending money to their
friends and families around the world.
These stablecoins can then be spent using
Wirex Visa card, redeemed into bank
accounts or spent directly with merchants
who accept fiat-backed tethers.
2. SMEs  —  B usinesses will use Wirex stablecoins
to pay international suppliers, manage FX
exposure and pay salaries — particularly if
a company’s employee base is distributed
across several countries or regions.
3. Merchants  —   E very merchant that accepts
Wirex stablecoins will benefit from
zero fees (a 3–5% saving on existing
Visa/Mastercard charges) and instant
settlements. Wirex stablecoin tokens
are available immediately, whereas Visa
and Mastercard can lock funds for 2–4
weeks —  a nightmare for small and medium
companies.
Awesome, Pavel. I’ll make sure our employees
are paid via your platform, it sure does seem
like the most optimal solution — especially
since we’ve got employees wanting payment in
anything from ETH to USD to BTC.
So when it comes to market trends, a lot of
things are currently going on. On one corner,
we got STOs allowing regulated tokenization of
everything, and in the other corner, we have the
Lightning Network allowing for lightning fast
payments with close to zero fees. What’re your
thoughts on the two, and what other market
trends come to mind that we haven’t talked
about yet?
I would probably say that there are two main
trends developing right now:
1. Market consolidation– As the crypto winter
continues, many companies struggle to
generate revenue or gain initial traction, so
other bigger companies (mainly exchanges),
buy them. You’ve probably read about
Coinbase and other exchanges investing in
or buying-out smaller tech startups.
2. Stablecoins– There are around 50 different
stablecoins available right now, but we will
see another 50–100 this year.
Another emerging trend is those big players
like Facebook, JP Morgan, etc. are moving to
this space, so I am sure that we will see more
non-trading use cases very soon.
I think STO is an excellent example of
tokenisation trend, it is easier to raise funds
and attract investors for companies issuing
STO. One of the challenges is that there is not
that many regulated platforms trading STO,
but I expect this number will be growing with
the time and STO will be more popular in the
future.
Lighting network is an excellent tool to
improve speed and scalability of Bitcoin
protocol, as the number for lighting nodes
grow, we will see more companies accepting
Bitcoin as payment/settlement instrument.
Thanks, Pavel. I love your inseight in the topics
above.

So I’d like to finish off with some pieces of

advice from you, who has proven to make it in
this industry. What’s your definition of success,
especially within crypto and blockchain?

It depends. Success means different things

for different people. It could be revenue, the
number of customers, or the amount of raised
funds. For Wirex, it‘s all about the number
of happy customers. As this number keeps
growing, I am more and more confident that
we are doing the right thing. Success is also
for me building an environment where Wirex’s
employees can innovate, share ideas and
build a product together.

Thank you. Can you give three pieces of advice

to anyone reading this, who might be starting
their own business in this industry?

1. Building and running a company is not for

everyone — i t requires a lot of effort and will
be extremely challenging, so dedication
and hard work are key!

2. Choose the right partners. Remember that

senior management must complement
each other skill-wise and in terms of
personality.

3. Build your company culture from day

one. Culture is often overlooked, but it’s
extremely important. A team with the
right attitude and culture can achieve the
impossible.

Lastly, what are you most grateful for lately?

I am grateful to work with such amazing

people in the Wirex team.

Thank you, Pavel. I think that was all for now.

It’s been an absolute pleasure to catching up
with you again, and I think this just might have
been one of the most valuable interviews we’ve
conducted.

So where can we follow Wirex online, sign up for

the personal or business account, or in other
ways help Wirex?

Thanks, you can do so online at

https://wirexapp.com, download the app on
the Apple App Store, or get it on Google
Play.