Xiaomi to Launch CryptoBunnies

Chinese tech giant will launch own CryptoKitties' knock-off
14 March 2018   593

The largest manufacturer of smartphones in China Xiaomi launched its own analogue of the popular game on the Ethereum's blockchain called CryptoKitties. This is reported by CoinDesk.

Jiami Tu or CryptoBunnies allows owners of Xiaomi accounts to launch digital rabbits, differing in design and built-in characteristics of rarity. Information about each "pet" is stored in the blockchain. Xiaomi does not specify whether it uses her own or one of the public blockchain.

According to the current rules, every day Xiaomi will produce a certain number of digital rabbits. Despite the absence of prior notification, the first brood of rabbits users dismantled within an hour.

The company emphasizes that it does not allow exchanging digital rabbits for crypto or fiat. It should be noted that in China, cryptotrading has been banned since last year.

ICOs to Lose Popularity, Diar Research Say

Diar assumes that in the future unregulated ICOs won't attract significant attention
11 December 2018   32

Although since the beginning of this year, ICO-startups have managed to raise over $ 12.2 billion, the November figure was only $ 65 million, according to data from a new study of the Diar portal.

According to analysts, the once popular method of financing, which allowed startups to attract tens and hundreds of millions of dollars in the absence of any product, exhausted itself against the background of fears about regulators' actions and the general dynamics of the cryptocurrency market, which did not leave retail investors with anything except for an unpleasant aftertaste.

This version is also supported by the data from the TokenData portal, which Diar leads in his research. Even with respect to the October levels, which constituted only a small fraction of what could be collected a few months ago, the November figures were 3 times lower.

Diar assumes that in the future unregulated ICOs as we have known them over the past years will no longer attract significant attention and will give way to regulated platforms of tokenized securities.