LightBitAtom Builds Decentralized Future of Crypto Exchanges

The new project aims to create a peer-to-peer system for cryptocurrency trading, providing a platform that cannot be stopped or censored
30 April 2018   21299

Crypto markets have been booming recently, with new altcoins springing up like mushrooms after the rain. This plethora of options has highlighted the need for an extensive and sophisticated framework enabling market participants to buy, sell and exchange their digital assets safely and efficiently.

Existing crypto exchanges and other intermediaries have numerous weaknesses and limitations. They remain illiquid and fragmented, charge high transaction fees, offer a limited choice of traded currency pairs, and the process of account verification might take up to several days. Besides, due to geographic location and national regulations peculiarities, not all of them are available worldwide.

Last but not the least, when using such a centralized exchange, you have to open an account wallet and entrust your funds to this exchange, thus running a high risk of losing your money or confidential data as a result of hacker attacks or hardware failure like it was with MT GOX, Cryptsy, Mintpal and etс.

ComparisonComparison of centralized and decentralized exchanges

LightBitAtom has a solution that can overcome all the vulnerabilities of existing exchanges by introducing a new multi-crypto decentralized exchange (DEX). It has an automated trade execution p2p system designed to facilitate buying and selling multiple cryptocurrencies all over the world safely and with the lower exchange rate as compared to other platforms. No identity verification means that users will have a high degree of privacy and protection from identity theft.

LBALightBitAtom

LBA promises to be a significant contribution to decentralization. The project represents a concept, on which the combined technologies of the Lightning Network and atomic swap are implemented. Atomic swap allows to exchange cryptocurrency without a third party. Without a trusted third party, it becomes less vulnerable and is better protected from attacks. The LBA platform becomes a global marketplace for all digital assets and applications.

Atomic swapLightning network + atomic swap

Everyone can be part of a new global decentralized marketplace which facilitates anonymous and safe high-speed p2p trading, with no third parties and censorship and full control of your funds. LightBitAtom will also offer token rewards for high volume traders and for new sign-ups through a special referral program. Customers will be also able to use LBA tokens to pay trading fees or gain premier access to the platform.

The pre-sale round commenced on April 15, 2018 and will last until May 6. The ICO starts on May 7 and is scheduled to close on July 15. The total supply of LBA tokens is limited to 1.205 billion, with 87% of them to be distributed in the ICO. The exchange rate of 100 LBA is set at $1, with bonuses available for early adopters. The project developers hope to reach a hard cap of $8 million. All unsold tokens will be destroyed.

For more information please visit the website of the project

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Pantera Capital to Intend to Raise $175M for Crypto Fund

Whether the firm can achieve its funding goal is still unclear
16 August 2018   197

Pantera Capital intends to raise up to $ 175 million for its third venture fund, focused on the blockchain and cryptocurrencies, which marks significant progress against the background of the company's other two funds: the assets of the first of them are $ 13 million, the second - $ 25 million. This is reported by TechCrunch.

As reported, company's partner Paul Veradittakit says the target amount is a “function of how fast the space is moving, the talent coming in, the opportunities, and the sizing of rounds. With more interesting later-stage investments [on our radar], too, we want to be flexible and able to move with the market.”

Whether the firm can achieve its funding goal is still unclear. According to documents recently sent to the US Securities and Exchange Commission (SEC), it has already managed to raise more than $ 71 million with the participation of 90 investors. Veradittakit calls this event "the closing of the first transaction".

One of the company's new funds, which opened last year, has a hedge fund structure and focuses exclusively on the ICO. The founder of the company Dan Morehead said earlier that Pantera takes part in the first stages of such campaigns, "basically getting a discount to the ICO price by getting in early, when it’s just a team and a white paper."

The second fund of the company is engaged in investing in bitcoin and has managed to serve a large number of investors during its existence. According to Morhed's calculations, the fund, launched 5 years ago, demonstrated a return of 10 136%.

The last fund Pantera invests in cryptocurrencies, which are already traded on the exchanges. It uses machine learning for algorithmic investment and takes into account the views of the company's management when making investment decisions.