Kosher cryptocurrency Bitcoen to be created in Russia

Kosher cryptocurrency called Bitcoen to be created in Russia
08 August 2017   1159
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

Russian businessman Vyacheslav Semenchuk announces a kosher cryptocurrency Bitcoen (in tune with "coen" - the name of the clergy in Judaism), which is designed to simplify the calculations within the Jewish community. The initiative of the businessman has already been supported by the chief rabbinate of Russia.

The project plans to produce on its own blockchain 100 million tokens Bitcoen $1. The currency will be released to the market gradually, and 10% from each edition will come in a special Fund, which will transfer cryptocurrency to the Jewish community.

Semenchuk also adds that tokens will be accepted at some shops and restaurants, not just kosher. Thus, he explained the possible interest for non-kosher stores in support of the cryptocurrency:

Want a new audience in the form of effective Jews – accept cryptocurrency Bitcoen.
 

Vyacheslav Semenchuk
Bitcoen creator

The project is under control of the “Council of six”:

Each of them [Board members] respected in the Jewish community, representing its direction (business, politics, Finance, technology, public work, culture). Each Board member will have one part of the digital private key. Only adding 6 keys together in a special room and voting, the Council may adopt joint decisions.
 

Bitcoen team

Ethereum

Is an open-source blockchain-based distributed computing platform featuring smart contract functionality, which facilitates online contractual agreements 

According to Semenchuk, the Council has only two functions – solutions on the issue of currency and how worthy is the project team bonus 5 years after the start Bitcoen. The key is divided into six parts, while in other blockchains like Ethereum, or Waves key can belong to one person, argues Semenchuk.

Soon Bitcoen also plans to hold a pre-ICO and ICO. 

Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   332

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of founders@ravenprotocol.com their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.