Vitalik Buterin spoke on the topic of safety and effectiveness of ICO

Coder from London created rules for ICO and creator of Ethereum shared his thought about it
29 June 2017   794

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


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

Blockchain community tries to improve the ICO process to avoid technical and other issues happening, like recent Bancor ICO.

Matthew Di Ferrante, coder from London, created few rules for safe and convenient ICO process.

  1. The money raised be released all at once to the development team.
  2. Give investors the ability to set personal caps on valuation.
  3. Change of ICO during and the week before is absolutelly forbitten.
  4. Token resale by the investors is forbitten for 3 months after the ICO.

Matthew asked community's opinion on these rules and Vitalik Buterin, creator of Ethereum, replied to him.

Buterin liked the idea but also added:

  1. Token resale ban isn't good because it can lead to the "wrapped contracts";
  2. Market-driven killswitch is better than democraty-actived killswitch. To prevent malicious "draining" of the developers funds, he proposes the mechanism where tokens bought back for X$ were resold for the same price. 

Play2live announced the release of its MVP and a token sale

Blockchain-based streaming platform for gamers release a full-fledged esports streaming service
21 February 2018   20

On February 21 the first blockchain-based streaming platform for gamers, Play2live, opened its LevelUp Coin (LUC) token sale event with a deadline on March 14 at 17:00 UTC along with the rolling out of its MVP. The platform is based on BitShares 2.0, already successfully passed a heavy testing stage with with live matches and streams.

The service is already capable of accepting around 200,000 viewers. A special tournament for CS:GO - CryptoMasters with the world's first prize pool entirely comprised of the virtual currency ($100,000 worth of LUC) is also announced under the banner of Play2live. The event is set to take place in Minsk, Belarus on February 24-25. The broadcast will be arranged in 7 languages - English, Russian, Chinese, Korean, Spanish, Portuguese, and German.

The service also features a voting system during matches using the same LUC. This token acts as an internal currency that can be easily converted to another cryptocurrency or a fiat currency by means of the Play2live's API.

The company itself was established in 2017. Its purpose is to merge blockchain technology and streaming service to provide all the participants of the streaming process a seamless platform for prioritizes interaction and encourages the diversity of monetization schemes. It is reported that Play2live will have up to 15 sources of revenue.

On February 21 at 17:00 UTC CEO of Play2live opened the token sale with a Q&A stream session with topics concerning the update of P2l, product and sale related matters.