Ethfinex, Melonpor, Request Network and more to Cooperate with Auctus on Lab Initiative

Auctus launches Auctus Labs in collaboration with Ethfinex, Request.Network, Ripio Credit Network and others with the aim of replacing centralized components with decentralized ones
23 March 2018   257

Auctus, the world’s first retirement plan platform, has announced the launch of Auctus Labs in collaboration with Ethfinex, Request.Network, Ripio Credit Network, Melonport, Amadeus, 0x project and Bluzelle, powered by Aragon.

After releasing the alpha version of their ‘Auctus Platform’ on Ethereum Rinkeby test network, is launching Auctus Labs with the aim of replacing centralized components with decentralized ones, in an attempt to fully decentralize their platform.

Auctus LabsAuctus Labs

Developers of the different teams will be working closely together, testing new releases whenever new updates become available. The prototypes will be available on Auctus’ public GitHub and the lab is open to other projects that want to collaborate.

Auctus stated that it will run the lab in parallel to its main development. Main development will go on with already established components. However, once new components from the lab reach a stable stage and have passed all tests, they will be benchmarked against existing components and might replace the existing ones.

Ethfinex statementEthfinex statement

Melonport statementMelonport statement

Amadeus Relay statementAmadeus Relay statement

About Auctus

The Auctus Platform is a global smart contract-based retirement and goal-based saving platform with specialized portfolio management services for traditional equity and bond investments, as well as cryptocurrency investments. The platform provides the user an aggregated view of all retirement savings, from government regulated IRA/401k plans, voluntary traditional retirement plans, as well as crypto wallets.

AuctusAuctus

Auctus’ mission is to put retirement savers back in control of their retirement plan by providing the information needed to take well informed decisions and using blockchain to increase transparency and automation. Auctus offers robo advisory, transparency, automation and record keeping, as well as a marketplace that allows the retirement community to come together without middlemen.

Auctus is conducting its main token sale between March 27 and March 31. Prospective contributors can still register here.

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   137

The KashMiner bitcoin miner, exhibited at the Kodak stand during the CES technology show in Las Vegas, was in fact a product designed to mislead potential consumers and with a potentially unattainable potential return. This is reported by BBC.

Spotlite USA is licensed by Kodak's lighting division, which allows it to use the famous brand in its products. In January 2018 the company introduced its miner and announced that it intends to lease it. According to its business plan, potential users had to pay a commission before getting the device. It was expected that after depositing $ 3,400, the customer will receive a device that will allow him to easily cover expenses and receive revenue from bitcoin mining.

However the company did not have an official Kodak license to use the brand in the production of mining equipment and initially overstated the indicators of the potential profit of its device, refusing to take into account the growing complexity and costs of bitcoin mining. The advertising materials reported that KashMiner brings $ 375 a month, which, subject to a 2-year contract, would allow the client to receive $ 5,600 of profit after paying a commission. Experts from the industry of cryptocurrency call this offer a scam.

There is no way your magical Kodak miner will make the same $375 every month.
 

Saifedean Ammous

Economist

CEO Spotlite USA Halston Mikail previously reported that he plans to install hundreds of miners at the headquarters of Kodak. According to him, he already managed to place 80 miners there, but the Kodak spokesman denied this information.

While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.
 

Kodak Spokesman

In a phone call with the BBC, Spotlite's Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead.