Tierion to seek $25m in Ethereum token sale

Blockchain startup Tierion launches ICO with a target of $ 25 million
10 July 2017   1226
Blockchain

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

Tierion, a blockchain startup specializing in digital data verification solutions, has announced the creation of Tierion Network Token (TNT), a publicly traded digital asset based on Ethereum blockchain.

Ethereum

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

According to the whitepaper of the project, the Tierion token will be designed to expand and strengthen the network effect that supports the Chainpoint protocol, that enables users to create time-stamped proofs using public blockchains.

Current Tierion vs New Tierion Network Current Tierion vs New Tierion Network

Wayne Vaughan, the founder and CEO of Tierion, believes that the forthcoming sale of tokens will help the startup to bring its product to a new level:

The reality is that startups are all always locked in an arms race for talent and capital, and there's a lot of people who are walking out the door, hanging out a white paper and no product and they're raising $15m to $20m. We're a company that's been around for 18 months and we have enterprise partnerships.
 

Wayne Vaughan
The founder and CEO of Tierion

He is also convinced that creating a distributed blockchain network will help Tierion's data verification services become more reliable and secure as well as it will expand the client base.

As part of the architecture design, Tierion, together with its core partners, will be responsible for running the full stack of services for Chainpoint, maintaining a new blockchain called a "calendar" to be mutually managed as a means of reducing the network's reliance on confirmations on the public ethereum and bitcoin blockchains for data accuracy.

The end users don't have to use the application. People will be able to run a Chainpoint node, and they will be able to offer a copy of all the services you currently get through Chainpoint.
 

Wayne Vaughan
The founder and CEO of Tierion

Under the design, Tierion together with its partners would host its own version of this service stack as a way to verify proofs and build its own applications, while a distributed network of nodes help scale and audit the network.

According to representatives of Tierion, Microsoft will be the first organization to join Chainpoint Core and manage a service cluster.

Line to Launch Bibox Exchange in Singapore

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem
16 July 2018   110

One of the most popular messengers in Asia Line has launched a Bitbox exchange in Singapore. Trading on the platform started this morning and is limited to pairs with crypto-currencies, Cryptovest reports.

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem.

BITBOX is only for trading cryptocurrencies (Digital Tokens). Fiat currencies (USD, KRW, etc.) cannot be exchanged on BITBOX.
 

Bitbox Website

Bitbox charges a 0.1% commission and supports 15 languages, including English, Korean, Chinese, Spanish, French and German. In Russia, the US, Japan and some other countries, the exchange is not available.

At the beginning of the year, Line Group applied for a license to the Japan Financial Services Agency, but the process dragged on because of tightening of the regulator's requirements in the light Coincheck exchange hack. All crypto exchange, wishing to provide services in the Japanese market, are required to obtain permission from the local regulator.

Currently, Line is also in the process of obtaining a license in the US. The company decided to open its first trading platform for crypto-currencies in Singapore, as this city-state adheres to a progressive approach to the regulation of the digital currency sphere.

With cryptocurrency, we are going to take our challenge in financial services global.
 

Takeshi Idezawa

CEO, Line

In May, Line Group denied rumors that it intends to release its own token and distribute it through the ICO. Every month Line is used by about 200 million people. The messenger is extremely popular in Japan, South Korea and Thailand.