Moscow to host World Blockchain Summit

Trescon is organizing World Blockchain Summit as part of its 2018 series in Moscow on April 26-27
11 April 2018   657

Highly focused B2B events producer Trescon is going to hold World Blockchain Summit in Moscow on April 26-27 at Renaissance Hotel Moscow. One of the reasons of the choice is that Russian government is planning to implement policies to prepare government-wide adoption of blockchain tech by 2019. The summit aims to connect global blockchain experts and key industry leaders in the area, including emerging startups with regional business and IT leaders across key industry verticals.

The event comprises of a conference (includes blockchain experts talk about the pros and cons of adopting the technology specifically in the Russian market, panel discussions, tech-talks, fire-side chats, debates on blockchain's potential to reshape the global financial system), a startup exhibition (pavilion for blockchain startups from all over the world to showcase their innovative technologies in front of global investors and technology leaders), a Russia ICO show (a platform for interesting and unique ICOs to present their idea before a panel of reputed investment firms) and ICO grand slam (a platform for those companies that are prepared to launch their ICO and the ones still planning).

Among the notable sponsors there are Bankorus, NKD Technologies, ETHLend and many others. The agenda can be found here.

Users Suspected RusGas of Scam

Reddit users have already accused RusGas of exit scam, since its behavior is much like  recent scam project Oyster Protocol
07 December 2018   95

The RusGas cryptocurrency project (RGS) demonstrates disturbing signs and releases new tokens in excess of the pre-set emission limit, Cryptovest reports. With an aggregate capitalization of $ 117, RGS trading volume for the last few days is $ 35,000. Events unfold against the backdrop of promises made by the project organizers about the upcoming restart.

Most of the RGS trade is focused on the Crex24 exchange, which has a daily  of $ 700,000. RusGas had a daily volume of several million dollars in its best days, which already then caused questions about the authenticity of this value.

According to CoinMarketCap, RGS emissions are limited to 10 billion tokens, but Etherscan indicates that currently 298 addresses contain 860 billion RGS. The rapid growth of emissions was recorded in recent days and hours. The largest wallet contains 99% of all tokens, which is probably the crex24 wallet. The developers themselves explain these movements to the next restart.

Reddit users have already accused RusGas of exit scam, since its behavior is much like  recent scam project Oyster Protocol(PRL), when the additional issue feature was used in a smart contract.

The likelihood of such an outcome is a characteristic feature of projects based on the Ethereum protocol, which allows additional emission of tokens through a smart contract at the discretion of its owner, not to mention other vulnerabilities that cost investors a lot of money.

RusGas is based on the idea of ​​using tokens and blockchains to optimize the Russian gas industry. Despite the dubiousness of the project’s mission, the data on the network indicates that in April of this year he managed to raise $ 2.2 million for ICO.