MoxyOne launched its ICO

Blockchain-based startup aims to close the gap between physical and digital assets by designing a debit card infrastructure with full cryptocurrency support
15 March 2018   500

On March 14 debit card infrastructure startup MoxyOne announced its ICO launch. The startup is notable for its wallet system; it allows the clients to pay with cryptocurrency at a retail shop (be it online or physical) and to withdraw fiat from ATMs wherever they are. Basically, any cryptocurrency can integrate MoxyOne into its platform, MoxyOne in turn will create a synergy between blockchain and payment networks so that any token would get exchangeable into fiat. This is a unique concept and all the existing blockchain platforms need to do is to white label MoxyOne.

As it stands now there is a disconnect between digital and physical currency. MoxyOne will serve as a transformative step in the future of the cryptocurrency community, allowing anyone to access their funds and apply them to real-world purchases by utilizing our reliable blockchain network and partnership with cryptocurrency exchange COBINHOOD, we are confident that we will find success in connecting these two worlds.

 

Mo Abbas

Co-Founder and Lead Developer, MoxyOne

The ICO is organized in such way that a smart contract is linked with the MoxyOne token's (SPEND) ticker and it creates coins by means of transactions of Ether. This way there will be no tokens to be distributed when ICO finishes. Moreover, a recent partnership with aforementioned COBINHOOD was reported: the exchange will provide sponsorship for SPEND token.

The hard cap is set to 50 mln tokens, all the raised funds will be directed to the platform's further development. The launch of usable debit cards with partnering digital currencies is set to Q3 of 2018.

'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.