Bitfury to bet on new IoT startup

The Bitfury Group has invested $5 Million in a new startup for Internet of Things (IoT) connectivity called Moeco
23 November 2017   1817

The Moeco platform is intended to let IoT users to connect to a global network of integrated IoT cells and to create their own cells in order to become in-house service providers. Exonum, Bitfury’s new protocol, will allow the Moeco platform to move, manage and store data.

The idea is to crowdsource IoT connectivity. It results in natural motivation for every participant - IoT device owners get decreased maintenance costs and lower initial investments; gateway owners receive reward for transferring data from IoT devices. So it's like Uber - we need to make sure that IoT data is being delivered securely to the correct destinations (the taxis) and that gateways are being paid (the drivers).

 

Dmitry Gorilovsky

Co-Founder and CEO, Bitfure

Despite Moeco works on bluetooth, it is planned to be established in a decentralized way by utilizing benefits of the Blockchain technology. Therefore, any smartphone might be a mobile gateway that collects data from the hybrid Bluetooth sensors nearby. At the same time, smartphone app owners can then get revenue for transmitting data from the sensor to the cloud.

Huobi to Launch Prime Lite IEO Platform

Huobi Prime Lite is a “niche project” with some tokensale differences from Prime platform and the first project on it will be ThunderCore
24 April 2019   89

Huobi will launch an improved initial exchange offer (IEO) platform called Prime Lite.

Representatives of the company note that Huobi Prime is a “niche project”. Listing requirements for this platform are the same as for the main IEO site. However, tokensale on the new platform will have several differences from Huobi Prime:

  1. Shorter listing cycle and more flexible listing schedule
  2. Trading allocations for users are more flexible
  3. To facilitate the development of HT (Huobi Token), all HT exchanged will be burnt

The launch of the new platform is scheduled for May 9th. The first IEO on Prime Lite will be ThunderCore, which develops a blockchain with a bandwidth of more than 1,200 transactions per second. The project plans to raise about $ 500 thousand.