DECENT is set to hold the 5th community meetup

DECENT Foundation is hosting a meetup session in Slovakia on March 27 to share with its current project a mobile gaming platform
22 March 2018   665

A Swiss company DECENT Foundation, focused on using blockchain to address the most prevalent issues of the digital era, is going to host the fifth workshop meetup on March 27 at 0100 Campus building. This time the topic is DECENT's own mobile gaming platform that is created in a close partnership with games distributor Dragonfly. Product Manager of DECENT Tomáš Koprušák will join the event.

The mobile gaming platform - ALAX, is actually a distribution platform that utilizes ALAX tokens to allow customers pay for the game and in-game purchases directly to the developer. This approach significantly reduces the price of the content, expedites the transaction and on top of that - game developers can exchange ALAX tokens for fiat currency of their liking at any time. Along with the native token, the platform uses blockchain to record all of the transactions that will certainly help developers attain a much clearer overview of the state of the market.

Since partnering with Dragonfly we have been committed to providing a framework where users have a method of payment that is as easy as an SMS payment, but where collection would be instant, and with no commission. We are proud to have made this possible with the launch of ALAX.

 

Matej Michalko

Founder, CEO and President, DECENT

At the moment of the publication, the DECENT market parameters are as follows:

Average price: $0.466886

Market cap: $23,954,095

Volume (24h): $269,774

SEC to Accuse Veritaseum ICO of Fraud

SEC believes that project's tokensale, thru which it raised $14.8M back in 2017-2018 had a signs of scam and company misled the investors
14 August 2019   197

The U.S. Securities and Exchange Commission (SEC) has sued New Yorker  and Veritaseum-related companies that have been caught by the agency in conducting an unregistered ICO with signs of fraud. It is reported by Cointelegraph.

According to documents published on the network, the SEC intends to hold Reggie Middleton accountable and immediately freeze the assets of Veritaseum Inc. and Veritaseum LLC.

The Commission claims that the defendants raised about $ 14.8 million through an initial coin offering (ICO) in 2017 - early 2018. At the same time, many investors were misled, as the company distorted information about the conditions of the token sale and deliberately hid some significant details.

The American regulator claims that the project still has about $ 8 million of illegally raised funds. According to the SEC, these assets must be frozen immediately.

Amid this news, the Veritaseum (VERI) rate has fallen by 70%. Now the coin is trading near the $ 5 mark, although at the beginning of 2018 its rate was approaching $ 500.

Veritaseum was created as a financial p2p platform, involving the movement of capital without traditional intermediaries. Also, VERI was positioned as a utility token for use in consulting services and access to various research works.

In 2017, Veritaseum blockchain startup fell victim to hackers, having lost $ 8.4 million from ICO investors.