Blockchain Messenger Successfully Implements Updates

The rapidly developing project ADAMANT is releasing new improvements, staring new ICO phase and updating tokens policy
15 February 2018   524

The ADAMANT project is made to respond to the question of trust in private data transfer security, since it is based on a proven to be robust Blockchain conception, and its program code is open and public. The project uses modern encryption methods and unique Blockchain technology and provides a high guarantee of confidentiality of the information transfers among all users within the system.

The project is outstandingly attractive and interesting, and our editorial board keeps track of the newly released updates, which ADAMANT successfully implements.

Recently we have reported that ADAMANT has announced the beta release of its messenger on IOS platform via Apple’s TestFlight before its scheduled launch in 2nd quarter 2018. 

On February 14, ADAMANT team have released important Blockchain update in TestNet.

On February 15, the MainNet update went live, bringing such changes as:

  • Message fee decreased x5, from 0.005 ADM to 0.001 ADM
  • Performance update
  • Forging rewards start on 2,000,000 block (some time before the end of ICO), to give users time to setup nodes
  • Forging reward decreased from 1 ADM to 0.1 ADM

The users are recommended to update their client Apps (Ctrl + F5) in order to be able to chat cheaper.

The second stage of ADAMANT ICO has also started on February 15, 2018, and the token price changed from 0,002ETH to 0,003ETH for 1ADM.

ADAMANT ico stagesADAMANT ICO Stages

Next time tokens will rise in price again on March 1, 2018, increasing from 0,003ETH to 0,004ETH for 1 ADM, so everyone who aspires to contribute has enough time to buy tokens until the price grows.

What is more, ADAMANT has started the Official Bounty Program in order to reward BitcoinTalk supporters. The Program will run from January 14, 2018 to March 30, 2018. Rewards will be paid within a month after the end of the Program.

Tokens are reserved in Adoption Wallet for the Bounty Campaigns and Welcome bonuses. Welcome bonus of 0.49 ADM is available for everyone now. That amount is enough to test ADAMANT. The users who are interested in contributing in ADAMANT and joining Bounty campaigns, can find all the necessary information on BitcoinTalk.

Moreover, ADAMANT has released the Chinese version of its website and a Swedish version of the whitepaper, which is a positive update for the worldwide community.

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Centra Tech Inc. Co-Founder accused With Fraud by SEC

The US Securities and Exchange Commission (SEC) has charged Centra Tech Inc. co-founder, Raymond Trapani with ICO fraud  
25 April 2018   77

The charge came as the result of the SEC’s investigations into Centra’s controversial $32 million USD initial coin offering (ICO). Mr. Trapani is the third and final Centra co-founder to be accused for taking part in the ICO.

Raymond Trapani, a co-founder of Centra Tech Inc., has been charged by the SEC for his participation in “a fraudulent scheme connected with Centra’s 2017 ICO.” In 2017 Centra made headlines after enlisting celebrity approval from Floyd Mayweather and DJ Khaled. Two other firm`s co-founders, Sohrab “Sam” Sharma and Robert Farkas, were charged by officials earlier this month for their engagement  in the distribution of “CTR Tokens” to investors.

A changed variant of the SEC’s complaint demands that Trapani was the “mastermind of Centra’s fraudulent ICO,” with an SEC press release alleging that “Centra [was] marketed with claims about nonexistent business relationships with major credit card companies, fictional executive bios, and misrepresentations about the viability of the company’s core financial services products.” The SEC accuses Mr. Trapani and Mr. Sharma of “manipulat[ing] trading in the CTR Tokens to generate interest in the company and prop up the price of the tokens.”

We allege that the Centra co-founders went to great lengths to create the false impression that they had developed a viable, cutting-edge technology. 
Robert Cohen, Chief, SEC Enforcement Division’s Cyber Unit

 

The SEC has disclosed a text mail sent to Mr. Farkas and Mr. Trapani from Mr Sharma in what Mr. Sharma said to his colleagues “[w]e gotta get that s[***] removed everywhere and blame freelancers lol.” Mr. Trapani also demanded that Mr. Sharma “cook [him] up” a fraudulent document whilst the company was seeking to get CTR tokens listed on exchanges under misleading pretexts. Mr. Sharma replied to the request with “Don’t text me that s[***] lol. Delete.”

At the same time, the U.S. Attorney’s Office for the Southern District of New York has also looked for criminal accusations against Trapani. The SEC has revealed that text messages  jointly used between Centra’s co-founders discovered the scam purposes of the defendants.