Kik Messager to Switch to Stellar

During the ICO in September 2017, the team was able to raise about $ 100 million
15 November 2018   332

Kik Foundation messenger developers will abandon the Ethereum blockchain in favor of Stellar, a company blog reported.

According to the report, the company will stop atomic swaps with ETH. Not giving exact dates, the Kin Ecosystem Foundation announced the imminent creation of a tool for the withdrawal of KIN tokens from the Ethereum blockchain.

During the ICO in September 2017, the team was able to raise about $ 100 million. In November, Kik representatives first spoke about the possible transfer of tokens from Ethereum due to the scalability of this network. Alternatively, the Stellar blockchain was chosen.

In March 2018, the company developed a system to work on both platforms. Ethereum was used for greater safety, and Stellar - to increase speed. For interaction between blockchains, a system of atomic swaps was developed.

A spokesman for the Kin Foundation said that negotiations were underway with the exchanges. The companies want users to switch to a new blockchain, and ERC-20 tokens are burned. He also added that the developers are not planning a mandatory transfer of tokens owners to the new system.

Previously, there was a similar situation with the project Storj. Recall that in March 2017, Storj Labs announced the transfer of its decentralized storage system from the Bitcoin blockchain to the Ethereum blockchain.

TenX to Confirm Founder's Relation to Lyoness Pyramid

From 2011 to 2015, Julian Hosp was a “member” of Lyoness
10 December 2018   60

Representatives of the blockchain start-up TenX confirmed that TenX founder Julian Josp was involved in the activities of the Austrian financial pyramid Lyoness.

TenX's Reddit report says that from 2011 to 2015, Julian Hosp was a “member” of Lyoness. In the company he was engaged in marketing, sales, held lectures for other participants of the company. However, at the end of 2015, Hosp broke all ties with Lyoness.

Earlier, The Financial Telegram reported that TenX Hosp tried to remove all public data linking it with Lyoness before the ICO project. However, according to TenX, Julian Hosp never concealed that he was associated with Lyoness and even wrote about it in his book “25 Stories I Would Tell My Younger Self (2015)".

We would also like to clarify that the stories contained in the online articles and Julian’s past affiliations with Lyoness bear no relevance to TenX, and TenX has had no connection, association and/or affiliation with Lyoness at any time.
 

TenX at Reddit

According to Breaker, Lyoness is recognized as an illegal fraudulent scheme by the Supreme Court of Switzerland, the Austrian civil court and the Norwegian Gambling Council. About the connection of Hosp with the project it became known thanks to the “training” video from Lyoness, allegedly voiced by his Julian.