BANKEX Launches Claim Solution Board

BANKEX team has reported on the development of BANKEX Claim Solution Board , which is a service that should help to settle disagreements in the crypto world
17 March 2018   541

BANKEX is building Internet of Assets, a decentralized network which evaluates assets automatically and instantly, and contributes to the development of a new digital asset trading industry. Its Proof-of-Asset Protocol is a new standard used to create smart assets and smart contracts for decentralized capital markets, which is developed to meet the liquidity challenge and make asset deals faster, simpler and more reliable.

On March 17, BANKEX team has reported on the development of a Claim Solution Board , which is a service that should help to settle disagreements in the crypto world. In general, the Board is a voting system that settles various disputes over the transactions in the blockchain community.

The principle of the Claim Solution Board is the same as BANKEX product mining system, which generates product tokens supervised by a group of product miners who play the role of universal arbitration for all types of disputes on the blockchain.

In this March, the team will be working on some mathematical issues, designing the workflow of the voting process and developing code for it. All the work is expected to be finished in April, and an alpha-version of the Claim Solution Board will be ready for testing.

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CFTC to Issue ICO Investor Advisory

Before buying coins, you need to thoroughly study their nature and understand what factors can affect their price, CFTC advises 
17 July 2018   116

The US Commodity Futures Trading Commission (CFTC) published a document with recommendations for potential investors in ICO projects and token buyers. This is reported by Coindesk.

The agency's document says that before buying coins, you need to thoroughly study their nature and understand what factors can affect their price.

Also, a potential buyer should remember that, depending on the structuring, some tokens can be derivatives, commodities or securities.

Buying digital coins or tokens only because you expect to sell them at a higher price later is the definition of speculation and carries considerable risk, regardless of how good a white paper, application or business plan sounds. Unfortunately, fraud is another significant risk to consider. Your best protection is to thoroughly research digital coins or tokens and exercise caution. 
 

CFTC ICO Advisory

The guide also states that before investing in the ICO, it is necessary to find information about the organizers of the project, and also to find out whether they themselves participate in their  ICO.

Representatives of the agency also refer to the study, according to which more than 50% of ICO start-ups ceased to exist during the first four months after the end of the token.