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[Part 1] KAVA Historical AMA Tracker! (Questions & Answers)

ATTN: These AMA questions are from Autumn 2019 - before the official launch of the Kava Mainnet, and it's fungible Kava Token.
These questions may no longer be relevant to the current Kava landscape, however, they do provide important historical background on the early origins of Kava Labs.
Please note, that there are several repeat questions/answers.

Q1:

Kava is a decentralized DEFI project, why did you implement the countries restrictions to run the node? Will there be such restrictions by the time of the mainnet?

Q2:

According to the project description it has been indicated that staking reward (in KAVA tokens) varies from 3 to 20% per annum. But how will you fight with inflation?

We all know how altcoins prices are falling, and their bottom is not visible. And in fact, we can get an increase in the number of tokens for staking, but not an increase in the price of the token itself and become a long-term investor.

  • Answer: Kava is both inflationary with block rewards, but deflationary when we burn CDP fees. Only stakers who bond their Kava receive inflationary rewards - users and traders on exchanges do not get this. In this way, rewards are inflated, but given to stakers and removed value from the traders who are speculating like a tax. The Deflationary structure of fees should help counterbalance the price drops from inflation if any. In the long-term as more CDPs are used, Kava should be a deflationary asset by design if all things go well

Q3:

In your allocation it is indicated that 28.48% of the tokens are in the "Token treasury" - where will these tokens be directed?

  • Answer: Investors in financing rounds prior to the IEO have entered into long-term lock-up agreements in-line with their belief in Kava’s exciting long-term growth potential and to allow the projects token price to find stability. Following the IEO, the only tokens in circulation will be those sold through the IEO on Binance and the initial Treasury tokens released.
  • No private sale investor tokens are in circulation until the initial release at the end of Q1 2020 and then gradually over the [36] months The initial Treasury tokens in circulation will be used for a mixture of ecosystem grants, the expenses associated with the IEO as well as initial market making requirements as is typical with a listing of this size. Kava remains well financed to execute our roadmap following the IEO and do not envisage any need for any material financings or token sales for the foreseeable future.

Q4:

Such a platform (with loans and stable coins) is just the beginning since these aspects are a small part of many Defi components. Will your team have a plan to implement other functions, such as derivatives, the dex platform once the platform is successfully launched?

  • Answer: We believe Kava is the foundation for many future defi products. We need stable coins, oracles, and other infrastructure first that Kava provides. Once we have that, we can apply these to derivatives and other synthetics more easily. For example, we can use the price feeds and USDX to enable users to place 100x leverage bets with each other. If they both lock funds into payment channels, then they can use a smart contract based on the price feed to do the 100x trade/bet automatically without counter party risk. In this way, Kava can expand its financial product offerings far beyond loans and stable coins in the future.

Q5:

There are several options for using USDX on the KAVA platform, one of which is Margin Trading / Leverage. Is this a selection function or a compulsory function? Wondering since there are some investors who don`t like margin. What is the level of leverage and how does a CDP auction work?

  • Answer: This is a good #Q . Kava simply provides loans to users in USDX stable coins. What the users do is completely up to them. They can use the loans for everyday payments if they like. Leverage and hedging are just the main use cases we foresee - there are many ways people can use the CDP platform and USDX.

Q6:

Most credit platforms do not work well in the current market. What will you do to attract more people to use your platform and the services you provide? Thank you

  • Answer: Most credit platforms do not work well in the current market? I think that isn't correct at least for DeFi. Even in the bear market, MakerDao and Compound saw good user growth. Regardless, our efforts at Kava to build the market are fairly product and BD focused. 1) we build more integrations of assets and expand financial services to attract new communities and users. 2) we focus on building partnerships with high quality teams to promote and build Kava's core user base. Kava is just the developer. Our great partners like Ripple, Stakewith.Us, P2P, Binance - they have the real users that demand Kava. They are like our system integrators that package Kava up nicely and present it to their users. In order to grow, we need to deepen our partnerships and bring in new ones around the world.

Q7:

KAVA functions as a reserve currency in situations where the system is undercollateralized. In such cases new KAVA is minted and used to buy USDX off the market until USDX becomes safely overcollateralized.

Meaning, there will be no max supply of KAVA?

  • Answer: Yes, there is no max supply of Kava.

Q8:

Why Kava?

  • Answer: ...because people are long BTC and the best way to go long BTC without giving up custody is Kava's platform. Because it is MakerDao for bitcoin. Bitcoin has a 10x market cap of ETH and Maker is 10x the size of Kava. I think we're pretty undervalued right now.

Q9:

How do you plan to make liquidity in Kava?

  • Answer: Working with Binance for the IEO and as the first exchange for KAVA to trade on will be a huge boost in increasing the liquidity of trading KAVA.

Q10:

Most crypto investors or crypto users prefer easy transaction and low fees, what can we expect from KAVA about this?

  • Answer: Transaction fees are very low and confirm if seconds. The user experience is quite good on Tendermint-based blockchains.

Q11:

How do I become a note validator on KavA?

Q12:

It is great to know that KAVA is the first DEFI-supported project sponsored by Binance Launchpad, do you think this is the meaning that CZ brings: Opening the DEFI era, as a leader, you feel like how ?

  • Answer: We are the first DeFi platform that Launchpad has supported. We are a very strategic blockchain for major crypto like BNB. Kava's platform will bring more utility to the users of BNB and the Binance DEX. It feels good of course to have validation from the biggest players in the space like Cosmos, Ripple, CZ/Binance, etc.

Q13:

Since decentralized finance applications is already dominating, how do you intend to surpass those leading in the market?

  • Answer: The leaders are only addressing ethereum. BTC, XRP, BNB, ATOM is a much larger set to go after that current players cannot.

Q14:

What does Ripple play in the Kava's ecosystem, since Ripple is like a top tier company and it’s impressive that you are partnered with them?

  • Answer: Ripple is an equity investor in Kava and a big supporter of our work in cross-chain settlement research and implementations. Ripple's XRP is a great asset in terms of users and liquidity that the Kava platform can use. In addition, Ripple's money service business customers are asking for a stable coin for remittances to avoid the currency heading risk that XRP presents. Ripple will not use USDC or other stable coins, but they are open to using USDX as it can be XRP-backed.

Q15:

Considering the connectivity, Libra could be the biggest competitor if KAVA leverages interchain for efficiency.

  • Answer: With regard to USDX, it is important to understand the users interacting with the Kava blockchain have no counterparty that people could go after for legal actions. A user getting a USDX loan has no counterparty. The software holds the collateral and creates the loan. The only laws that would apply are to the very users that are using the system.

Q16:

Wonder how KAVA will compete with the tech giants

  • Answer: Libra is running into extreme issues with the US Senate and regulators. Even the G7-G20 groups are worried. Its important to understand that Libra is effectively a permissioned system. Only big companies that law makers can go after are able to run nodes. In Kava, nodes can be run by anyway and our nodes are based all over the world. It's incredibly hard for a law maker to take down Kava because they would need to find and legally enforce hundreds of business in different jurisdictions to comply. We have an advantage in this way over the larger projects like Libra or Clayton.

Q17:

In long-term, what's the strategy that KAVA has for covering the traditional finance users as well? Especially regarding the "stability"

  • Answer: Technical risk is unavoidable for DeFi. Only time will tell if a system is trustworthy and its never 100% that it will not fail or be hacked. This is true with banks and other financial systems as well. I think for DeFi, the technical risk needs to be priced in to the expected returns to compensate the market. DeFi does have a better user experience - requiring no credit score, identity, or KYC over centralized solutions.
  • With our multi-collateral CDP system, even with it overcollateralized, people can get up to 3x leverage on assets. Take 100 USD in BTC, get a USDX loan for 66 USDX, then buy $66 BTC and do another loan - you can do this with a program to get 3x leverage with the same risk profile. This is enough for most people.
  • However, it will be possible once we have Kava's CDP platform to extend it into products that offer undercollateralized financial products. For example, if USER 1 + USER 2 use payment channels to lock up their USDX, they can use Kava's price feeds to place bets between each other using their locked assets. They can bet that for every $1 BTC/USD moves, the other party owes 3x. In this way we can even do 100x leverage or 1000x leverage and create very fun products for people to trade with. Importantly, even in places where margin trading is regulated and forbidden, Kava's platform will remain open access and available.

Q18:

In long-term, what's the strategy that KAVA has for covering the traditional finance users as well? Especially regarding the "stability"

  • Answer: Kava believes that stable coins should be backed not just by crypto or fiat, but any widely used, highly liquid asset. We think in the future the best stablecoin would be backed by a basket of very stable currencies that include crypto and fiat or whatever the market demands.

Q19:

Compound, maker they're trying to increase their size via the competitive interests rates. THough it shows good return in terms of growth rate, still it's for short-term. Wonder other than financial advantage, KAVA has more for the users' needs?

  • Answer: Robert, the CEO of Compound is an investor and advisor to Kava. We think what Compound does with money markets is amazing and hope to integrate when they support more than just Ethereum assets. Kava's advantage vs others is to provide basic DeFi services like returns on crypto and stable coins today when no other platform offers that. Many platforms support ETH, but no platform can support BTC, XRP, BNB, and ATOM in a decentralized way without requiring centralized custody of these assets.

Q20:

The vast majority of the cryptocurrency community's priorities is symbolic pricing. When prices rise, the community rejoices and grows. When they fall, many people begin to cast in a negative way. How will KAVA solve the negative problem when the price goes down? What is your plan to strengthen and develop the community to persuade more people to look at the product than the price?

  • Answer: We believe price is an important factor for faith in the market. One of Kava's key initiatives was selecting only long-term partners that are willing to work with kava for 2 years. That is why even after 6 months, 0 private investor or kava team tokens will be liquid on the market.
  • We believe not in fast pumps and then dumps that destroy faith, but rather we try and operate the best we can for long-term sustainable growth over time. It's always hard to control factors in the market, and some factors are out of our control such as BTC price correlations, etc - however, we treat this like a public company stock - we want long-term growth of Kava and try to make sure our whole community of Kava holders is aligned with that the best we can.

Q21:

Do you have any plans to attract non-crypto investors to Kava and how? What are the measures to increase awareness of kava in non-crypto space?

  • Answer: We are 100% focused on crypto, not the general market. We solve the problems of crypto traders and investors - not the average grandma who needs a payment solution. Kava is geared for decentralized leverage and hedging.

Q22:

Adoption is crucial for all projects and crypto companies, what strategy are you gonna use/follow or u are now following to get Kava adopted and used by many people all over the world?

Revenue is an important aspect for all projects in order to survive and keep the project/company up and running for long term, what are the ways that Kava generates profits/revenue and what is its revenue model?

  • Answer: We have already partnered with several large exchanges, long-term VCs, and large projects like Ripple and Cosmos. These are key ways for us to grow our community. As we build support for more assets, we plan to promote Kava's services to those new communities of traders.
  • Kava generates revenue as more people use the platform. As the platform is used, KAVA tokens are burned when users pay stability fees. This deflates the total supply of Kava and should in most cases give rise to the value of KAVA like a stock-buyback in the public markets.

Q23:

In order to be success in Loan project of Cryptocurrency, I think marketing is very important to make people using this service without any registration. What is main strategy for marketing?

  • Answer: Our main strategy is to build a great experience and offer products that are not available to communities with demand. Currently no DeFi products can serve BTC users for example. Centralized exchanges can, but nothing truly trustless. Kava's platform can finally give the vast audiences of BTC, BNB, and ATOM holders access to core DeFi services they cannot get on their own due to the smart contract limitations of those platforms.

Q24:

Currently, some project have policies for their ambassadors to create a contribution and attract recognition for the project! So the KAVA team plans to implement policies and incentives for KAVA ambassadors?

  • Answer: Yes, we will be creating a KAVA ambassador program and releasing that soon. Please follow our social media channels to learn about it in the coming weeks.

Q25:

Currently there are so many KAVA tokens sold on exchanges, why is this happening while KAVA is going to IEO on Binance? Are those KAVA codes fake or not?

  • Answer: For everyone's safety, please understand Kava tokens do not exist yet and they will only exist starting with the Binance IEO. Any other token listings or offerings of Kava are not supported by Kava Labs and I highly discourage you all from trying to get them there. It is most likely a big scam. Please only trust Binance for this.

Q26:

KAVA have two tokens, the first is called Kava - a governance and staking token; the second is called USDX - an algorithmically managed crypto-backed stable coin. What are the advantages of USDX compared to other stablecoins such as: USDT, USDC, TUSD, GUSD, ...?

  • Answer: USDX is one of the few stablecoins to be fully backed by crypto-assets. This means that we do not deal with fiat to back the value, and thus we don't have some of the issues when it comes to storing fiat funds with banks and custodians. This also makes our product fully digital and built for the future of crypto growth.

Q27:

As a CEO, does your background in Esports and Gaming industry help anything to your management and development of KAVA Labs?

  • Answer: Esports no. But having been a multi-time venture-backed foundeCEO and have gone through the start-up phase before has made creating and running a 2nd company easier. Right now Kava is still small, Fnatic had over 80 employees. It was at a larger scale. I would say developing software is much more than doing the hardware at fnaticgear.com

Q28:

Why did Kava choose to launch IEO on Binance and not other exchanges like: Kucoin, Houbi, Gate, ....?

  • Answer: Kava had a lot of interest from exchanges to partner with for IEO. We decided based on a lot of factors such as userbase, diverse exposure across multiple regions and countries, and an amazing team that provides so much insight into so many communities such as this one. Binance has been a tremendous partner and we also look forward to continuing our partnership far into the future.

Q29:

Currently if Search on coinmarketcap has 3 types of stablecoins bearing the USDX symbol (but these 3 stablecoins are no information). So, what will KAVA do to let users know that Kava's USDX is another stablecoin?

  • Answer: All these USDX have no volume or listings. We will be on Binance. I am not worried.

Q30:

In addition to the Token Allocation for Binance Launchpad, what is the Token Treasury in the Initial Circulating Supply?

  • Answer: This is controlled by Kava Labs, but with the big cash we have saved from fundraising, we see no reason why these tokens would be sold on the market. The treasury tokens are for use in grants, ecosystem growth initiatives, development, and other incentive programs to drive adoption of the platform.

Q31:

How you will compete with your competitors? Currently i don't see much but for future how you will maintain this consistency ? No doubt it is Great and Unique project, what is the main problem that #KAVA is currently facing?

  • Answer: Because our industry is just starting out, I don't like to think of them as our direct competitors. We are all working to grow the size of the pie rather than get a larger slice from a small pie. The one thing that we believe will allow us to stand apart is the community we are building. Being able to utilize our own community along with Cosmos and our other partners like Binance for the IEO, we have a strong footing to get a lot of early users onto our platform. Also, we are also focusing on growing Kava internationally particularly Asia. We hope to build our platform for an even larger userbase than just the west.

Q32:

How do you explain your project to a random person who has never heard of your project?

  • Answer: non-crypto = Kava is a lending platform for users of cryptocurrencies.
  • crypto = Kava is a cross-chain DeFi platform for loans and stablecoins backed by BTC, BNB, XRP, ATOM and other major cryptocurrencies.

Q33:

Will KAVA team have a plan on implementing DAO module on your platform since its efficiency on autonomy, decentralization and transparency?

  • Answer: All voting is already transparent on the Kava blockchain. We approved a number of proposals on our test net.

Q34:

how to use usdx token :only for your platform or you have plan to use usdx for payment ?

  • Answer: Payments is a nice use case, but demand for crypto payments is still small. We may choose to focus here later if demand for crypto payments increases. Currently it is quite small with the bulk of use remaining in trading and speculative use cases.

Q35:

Do you have plans to spread KAVA ecosystem across other continents. if yes, what are the strategies and how can I as a community member contribute to making it possible?

  • Answer: We are already across many continents - I don't think we are in antarctica yet. Africa might be light on nodes as well. I think as we grow on major exchanges like Binance, new node operators will get interested and help decentralize Kava further.

Q36:

Maker's CDP lending system is on top in this market and its Dominance is currently sitting on 64.90 % , how kava will compete will maker and compound?

  • Answer: adding assets like bitcoin which have more value and more users than ETH. It's a bigger market that Maker cannot compete with Kava in.

Q37:

Currently, the community is too concerned about the price. As prices rise, the community rejoice and grow, when falling, many people start throwing negatively. So what is KAVA's solution to getting people to focus on the project rather than the price of the token?

What is your plan to strengthen and grow the community to persuade more individuals to look at the product than the price?

  • Answer: We also share similar concerns as price and price direction is always a huge factor in the crypto industry. A lot of people of course are very short-term focused on flipping for bigger profits. One of the solutions, and what Kava has done, is to make sure that everything structured is for the long-term. So that makes sure that our investors and employees are all focused on long-term gains and growth. Locking vesting periods are part of that alignment. Another thing is that we at Kava are very transparent in our progress and development. We will be regularly posting updates within our own communities to allow our users and followers to keep up with everything we're up to. Please follow us or look at our github if you're interested!

Q38:

How did Kava get on Piexgo?

  • Answer: We did not work with Piexgo. We have not distributed tokens to any exchange other than Binance. I cannot speak to what is going on there, but I would be very wary of what is happening there.

Q39:

Why was the 1st round price so much lower than the current price

  • Answer: It is natural to worry that early investors got better pricing and could dump on the market. I can assure you that our investors are in this for the long-term. All private sale rounds signed 2 year contracts to run validators - and if they don't they forfeit their tokens. You can compare our release schedule to any other project. We have one of the most restricted circulating supply schedules of any project EVER and its because all our investors are commiting to the long-term success of the project and believe in Kava.
  • About the pricing itself - it is always a function of traction like for any start-up. When we made our public announcement about the project in June, we were only a 4 man team with just some github code. We could basically run a network with a single node, our own. Which is relatively worthless. I think our pricing of Kava at this time was justified. We were effectively a seed-stage company without a product or working network.
  • By July we made severe progress on the development side and the business side. We successful launched our first test net with the help of over 70 validator business partners around the world. We had a world-wide network of hundreds of people supporting us with people and resources at this point and the risk we would fail in launching a working product was much lower. At this point, the Kava project was valued at $25M. At this point, we had many VCs and investors asking for Kava tokens that we turned away. We only accepted validators that would help us launch the network. It was our one and only goal.
  • Fast forward to today, the IEO price simply reflects the traction and market demand for Kava. Our ecosystem is much larger than it was even a month ago. We have support from Ripple, Cosmos, and Binance amongst other large crypto projects. We have 100+ validators securing our network with very sophisticated high-availability set-ups. In addition, our ecosystem partners have built products for Kava - such as block explorers and others are working on native integrations to wallets and exchanges. Launchpad will be very big for us. Kava is a system designed to cater to crypto traders and investors and in a matter of days we distributed via Binance Launchpad and put in the hands of 130+ countries and tens of thousands of users overnight. It doesn't get more DeFi than that.

Q40:

What is the treasury used for?

  • Answer: Kava's treasury is for ecosystem growth activities.
  • Investors in financing rounds prior to the IEO have entered into long-term lock-up agreements in-line with their belief in Kava’s exciting long-term growth potential and to allow the projects token price to find stability. Following the IEO, the only tokens in circulation will be those sold through the IEO on Binance and the initial Treasury tokens released. No private sale investor tokens are in circulation until the initial release at the end of Q1 2020 and then gradually over the [36] months The initial Treasury tokens in circulation will be used for a mixture of ecosystem grants, the expenses associated with the IEO as well as initial market making requirements as is typical with a listing of this size. Kava remains well financed to execute our roadmap following the IEO and do not envisage any need for any material financings or token sales for the foreseeable future.

Q41:

Everyone have heard about the KAVA token, and read about it. But it would be great to hear your explanation about it. What is the Kava token, what is it's utility? :)

  • Answer: The Kava token plays many roles. KAVA is the native staking token of the Kava blockchain and is used for securing the network. KAVA is delegated to validators, basically professional node operators that run highly-available servers to secure the Kava blockchain. The top 100 validators by weight of staked KAVA earn block rewards that range from 3-20% APR based on the total amount staked in the network. These rewards are split between the validators and the KAVA holders.
  • When users of the platform repay their loans, they must a stability fee (a percentage of the loan) in KAVA tokens. These tokens are burned by the system, effectively deflating the total supply overtime as more users use the CDP system.
  • KAVA is also the primary token used in governance of the platform. KAVA token holders can vote on key system parameter changes and upgrades such as what assets to support, how much USDX in total can be loaned by the system, what the debt-to-collateral ratio needs to be, the stability fees, etc. KAVA holders have a very important responsibility to govern the system well.
  • Lastly, Kava functions as a "Lender of Last Resort" meaning if USDX ever gets undercollateralized because the underlying asset prices drop suddenly and the system manages it poorly, KAVA is inflated in these emergency situations and used to purchase USDX off the market until USDX reaches a state of being over collateralized again. KAVA holders have incentive to only support the good high quality assets so risk of the system is managed responsibly.

Q42:

No matter how perfect and technically thought-out a DeFi protocol is, it cannot be completely protected from any unplanned situations (such as extreme market fluctuations, some legal issues, etc.)

Ecosystem members, in particular the validators on whom KAVA relies on fundamental decision-making rights, should be prepared in advance for any "critical" scenario. Considering that, unlike the same single-collateral MakerDAO, KAVA will be a multi-collateral CDP system, this point is probably even more relevant here.

In this regard, please answer the following question: Does KAVA have a clear risk management model or strategy and how decentralized is / will it be?

  • Answer: Simialar to other CDP systems and MakerDAO we do have a system freeze function where in cases of extreme issues, we can stop the auction mechanisms and return all collateral.

Q43:

Did you know that "Kava" is translated into Ukrainian like "Coffee"? I personally do love drinking coffee. I plunge into the fantasy world. Why did you name your project "Kava" What is the story behind it? What idea / fantasy did your project originate from, which inspired you to create it?

  • Answer: Kava is coffee to you.
  • Kava is Hippopotamus to Japanese.
  • Cava is a region in Spain
  • Kava is also a root that is used in tea which makes your mouth numb.
  • Kava is also crow in Hindi.
  • Kava last but not least is a DeFi platform launching on Binance :)
  • We liked the sound of Kava it was as simple as that. It doesn't have much meaning in the USA where I am from. But it's short sweet and when we were just starting, Kava.io was available for a reasonable price

Q44:

What incentives does a lender get if a person chooses to pay with KAVA? Is there a discount on interest rates on the loan amount if you pay with KAVA? Do I have to pass the KYC procedure to apply for a small loan?

  • Answer: There is no KYC for Kava. Its an open blockchain software platform where anyone with a computer can connect to it and use it.

Q45:

Let's say, I decided to bond my cryptocurrency and got USDX stable coins. For now, it`s an unknown stable coin (let's be honest). Do you plan to add USDX to other famous exchanges? Also, you have spoken about the USDX staking and that the percentage would be higher than for other stable coins. Please be so kind to tell us what is the average annual interest rate and what are the conditions of staking?

  • Answer: Yes we have several large exchanges willing to support USDX from the start. Binance/Binance-DEX is one you should all know ;)
  • The average annual rates for USDX will depend on market conditions. The rate is actually provided by the CDP fees users pay. The system reallocates a portion of those fees to USDX users. In times when USDX use needs to grow, the rates will be higher to incentivize use. When demand is strong, we can reduce the rates.

Q46:

Why should i use and choose Kava's loan if i can use the similar margin trade on Binance?

  • Answer: If margin is available to you and you trust the exchange then you should do whatever is cheaper. For a US citizen and others, margin is often not available and if it is, only for a few asset types as collateral. Kava aims to address this and offer this to everyone.

Q47:

The IEO price is $ 0.46 while the price of the first private sale is $ 0.075. Don't you think that such price gap can negatively affect the liquidity of the token and take away the desire to buy a token on the exchange?

  • Answer: It is natural to worry that early investors got better pricing and could dump on the market. I can assure you that our investors are in this for the long-term. All private sale rounds signed 2 year contracts to run validators - and if they don't they forfeit their tokens. You can compare our release schedule to any other project. We have one of the most restricted circulating supply schedules of any project EVER and its because all our investors are commiting to the long-term success of the project and believe in Kava.
  • About the pricing itself - it is always a function of traction like for any start-up. When we made our public announcement about the project in June, we were only a 4 man team with just some github code. We could basically run a network with a single node, our own. Which is relatively worthless. I think our pricing of Kava at this time was justified. We were effectively a seed-stage company without a product or working network.
  • By July we made severe progress on the development side and the business side. We successful launched our first test net with the help of over 70 validator business partners around the world. We had a world-wide network of hundreds of people supporting us with people and resources at this point and the risk we would fail in launching a working product was much lower. At this point, the Kava project was valued at $25M. At this point, we had many VCs and investors asking for Kava tokens that we turned away. We only accepted validators that would help us launch the network. It was our one and only goal.
  • Fast forward to today, the IEO price simply reflects the traction and market demand for Kava. Our ecosystem is much larger than it was even a month ago. We have support from Ripple, Cosmos, and Binance amongst other large crypto projects. We have 100+ validators securing our network with very sophisticated high-availability set-ups. In addition, our ecosystem partners have built products for Kava - such as block explorers and others are working on native integrations to wallets and exchanges. Launchpad will be very big for us. Kava is a system designed to cater to crypto traders and investors and in a matter of days we distributed via Binance Launchpad and put in the hands of 130+ countries and tens of thousands of users overnight. It doesn't get more DeFi than that.
  • TLDR - I think KAVA is undervalued and the liquid supply of tokens is primarily from the IEO so its a safer bet than other IEOs. If the price drops, it will be from the overall market conditions or fellow IEO users not due private sale investors or team sell-offs.

Q48:

Can you introduce some information abouts KAVA Deflationary Fee Structure? With the burning mechanism, does it mean KAVA will never reach its max supply?

  • Answer: When loans are repaid, users pay a fee in Kava. This is burned. However, Kava does not have a max supply. It has a starting supply of 100M. It inflates for block rewards 3-20% APR AND it inflates when the system is at risk of under collateralization. At this time, more Kava is minted and used to purchase USDX off the market until it reaches full collateralization again.
  • TLDR: If things go well, and governance is good, Kava deflates and hopefully appreciates in value. If things go wrong, Kava holders get inflated.

Q49:

In your opinion what are advantage of decentralized finance over centralized?

  • Answer: One of the main advantages is not needing to pay the costs of regulation and compliance. Open financial software that is usable by anyone removes middle men fees and reduces the barrier for new entrants to enter and make new products. Also DeFI has an edge in terms of onboarding - to get a bank account or an exchange account you need to do lots of KYC and give private info. That takes time and is troublesome. With DeFi you just load up your funds and transact. Very fast user flows.

Q50:

Plan, KAVA how to raise capital? Kava is being supported by more than 100 business entities around the world, including major cryptocurrency investment funds like Ripple and Cosmos, so what did kava do to convince investors to join the project?

  • Answer: We have been doing crypto research and development for years. Ripple and Cosmos were partners before we even started this blockchain with Kava Labs. When we announced Kava the DeFi platform they knew us already to do good work and they liked the idea so they support us.
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My 5 Favorite Coins Under $5 Million Market Cap and Why - Full Analysis

*Note: This article was copied from my medium article and then formatted for Reddit. For the best reading experience please read on medium. However, I wanted to format it for reddit so people could read it here on Reddit if they preferred. *
 
In this article, I will be sharing with you my 5 favorite coins that are currently sitting under a $5 million market cap. Before we get into things, I first want to cover all of my bases and say this is not investment advice. Please do your own research before making any investments. The coins I will be sharing are much riskier investments, so make sure to #DYOR.
 
Please keep in mind that these are all very risky investments and are not your $100 million + projects. These are high risk and high reward projects that will require you to do your own research. These investments aren't for everybody, but I wanted to share with you my thoughts on these coins.
 
Please follow me on Twitter for more updates, articles, and my thoughts on various other crypto related topics.
 
 

1. EquiTrader (EQT): $3.6 Million Market Cap

This is my favorite project that is currently under a $5 million market cap. EquiTrader is a social platform for traders where they can share their ideas and get rewarded by the community. EQT comes equipped with trading charts, indicators, trading tools and other features which will make it easy to make technical analysis. You will also have the ability to shadow other traders and make automatic trades based on what they do.
 

Why I Like EquiTrader

There are a lot of reasons why I’m bullish on EQT, the main ones our outlined below:
 
Perfect Product for Crypto
 
Having a social platform where traders can share their investment analysis and then get rewarded is a perfect concept for this market. I think that a lot of the major crypto influencers will get on this platform and utilize it, which will then in turn help EQT get bigger. Once the platform is up and running the “crypto OGs” will do a lot of the heavy lifting when it comes to marketing because it benefits them too. I’m a big fan of any crypto project where their main audience is the crypto market. This is an easy foot in the door and will allow the project to gain traction much quicker. I think EQT will do this as well.
 
Recently Acquired by a Major Crypto Influencer
 
It was recently announced that EquiTrader was acquired by Aluna.Social, which is a company owned by Alvin Lee (https://twitter.com/onemanatatime). Having a big player behind the platform will be extremely beneficial once the platform is launched and he can start promoting it. Plus this adds a lot of credibility behind the project as well. I’m a BIG fan of this news.
 
Many Upcoming Catalysts on Roadmap
 
Public release of the EQT platform is planned for Q4 of this year and I’d expect a lot of traction to start at this point. In Q1 of 2018 they will release the iOS and Android apps, Q2 the beta of the social trading platform will be released (huge news) and then in Q3 the social trading platform will be released to the public. We have at least a whole year of upcoming catalysts that will all have a major impact on the price.
 
Currently Only Trading on Coin Exchange
 
At this point you can only buy EQT on Coinexchange.io. It was listed on Cryptopia previously but when they did a coin swap they were removed. Why is this a good thing? The EQT team is in discussion with Cryptopia to be added now that the swap has been completed. Once this happens I’d expect a major pump. This will happen very soon so the major discount that EQT is currently trading at probably won’t last long.
 
Proof of Stake: 30% per Year Returns
 
As mentioned above, they recently did a coin swap and went from a PoW chain to a PoS one where you can get 30% annual returns from staking. This is an awesome return. I have already seen some great returns from staking.
 

What I Don’t Like

The biggest complaint I have about EQT is the small issue and delay they have had doing the coin swap. Before the coin swap they told everyone to move their coins to CoinExchange.io and the swap would happen automatically, which worked great for those who followed the instructions. However, there are a lot of people that didn’t do this and now they are having to manually swap these coins. This has caused a long delay in terms of being relisted on Cryptopia, which in turn has hurt the price. This isn’t a huge deal, but it is a small complaint I have.
 

Investment Potential

With a lot of catalysts on the roadmap until 2019, the potential of EquiTrader is hard to predict. However, I think a 10x from here, which would make the market cap only $34 million, is a very real possibility within 3 months. Even after a 10x, I still think it could get closer to $75 million before it would be getting close to what I think it should be valued at. As you can see, I think there is a lot of room for EQT to grow and I’m expecting it to do just that.
 

2. Hush (HUSH): $1.1 Million Market Cap

Hush is a very, very close second when it comes to my top 5 favorite projects under $5 million market cap. This project might have the most potential out of all of the coins in this list too. Hush is an anonymous coin that utilizes the Zerocash protocol that is forked from Zcash. There are quite a few Zcash forks out there, but this is the best one in my opinion (and the cheapest). It is a fairly new coin that launched in July 2017 so there have only been a few months worth of development.
 

Why I Like Hush

There is a lot to like about Hush and the reasons are explained below.
 
One of the Best Anon Coins
 
Hush is a fork of Zcash but without the founders reward, which is the only major knock of Zcash. So without the founders reward it becomes a top notch anon coin tech wise. There are other Zcash forks out there, but none of them are sitting at this low of a market cap, which creates a huge opportunity for Hush. A very similar coin to Hush is ZenCash, which currently sits at a $14 million market cap, is another Zcash fork without some of the features of Hush. Combine all of this with the major pump all anon coins have been going through lately and Hush is looking prime.
 
Great Team
 
One of the members of the Zcash dev team, David Mercer, is now the lead dev for Hush. This is huge. Not only is he the lead dev but he is also working full time on Hush, which means all of the promised features on the roadmap will have a good shot at being completed. Along with the lead dev, there are 6 total team members. The size and talent on this team is practically unheard for a coin with such a small market cap. This is a major reason for me being bullish. I know that this team will get things done, which is all you can ask from a team.
 
Counterparty on Hush
 
This is the biggest reason I like Hush so much. They are planning on porting Counterparty to Hush and this will allow people to create Counterparty based assets with the security of Hush. They are also planning on having these assets being compatible with Ethereum smart contracts. These are killer features that make Hush a unique project.
 
Only Trading on Cryptopia
 
At this moment the only place to purchase HUSH is on Cryptopia. The Hush team has confirmed they have been in contact with Bittrex and I don’t think it’ll be long before they are added. Take advantage of it being only on Cryptopia before it gets added to other exchanges, once that happens the price is going to take off.
 

What I Don’t Like

The major knock on Hush is their marketing. They are not putting much effort into spreading awareness. Their reasoning behind this is that they feel like they don’t have a finished product to market yet and that good tech will eventually win out. I like seeing a team that prides themselves on the tech of their project, but at some point they are going to have to start marketing it. Marketing plays a huge role in crypto. With all of that being said, I’m not complaining because it gives me more time to accumulate at these low prices. The only way people find Hush is from actually doing their own research. You won’t find it being shilled much on twitter because no one really knows about it. This will probably be changing in the near future.
 

Investment Potential

The $1.1 million market cap it is currently sitting at is almost funny. I can’t believe it is so low. This coin should be sitting at an easy $10 million market cap SOLELY based off of what the project currently is. Factor in some of the upcoming features such as the Counterparty port and a standalone HUSH messenger and I think Hush could be worth at least $50 million in 6–12 months, if not higher. The reason I say it could be higher is because of the dev team. I’m very confident in the team and believe that in 12 months from now they will be working on features that will blow the current features out of the water.
 

3. Tokes (TKS): $1.8 Million Market Cap

Coming in at 3rd in my top 5 is a coin called Tokes. I’m a big fan and this is one of my long term plays that I think will be worth a ton in a few years time. This isn’t going to be a 10x coin in 2 months, but in 2 years it very well may be a 100x coin. Keep that in mind while reading. Tokes is a Waves based asset that is geared towards the marijuana business. They are looking to help businesses handle their money and provide a better payment solution for both consumers and businesses. They are also doing a few other really interesting things in this space and I will explain why I like Tokes in the next section.
 

Why I Like Tokes

Tokes is a coin based around the marijuana business, but it does much more than the other pot coins out there. Tokes is looking to actually solve real world issues in the marijuana business and has partnerships with major players in their area. I will touch more on all of these things, but I want to make ti clear this isn’t just a “pot currency”.
 
Provides a Fiat Gateway
 
A major issue for marijuana businesses is that they are forced to operate as a cash-only business due to the federal laws that make banks not want to work with them. This is a major problem within the cannabis industry and Tokes is trying to solve this by creating a fiat gateway. Tokes allows for cash to be converted to TKS and vice versa so that it can stored electronically without the need to carry cash around. They also offer no fiat volatility risk because of their pegging system. This means that the $100,000 of cash they turn into TKS will remain $100,000 when they withdraw it. This is a major issue that is being solved by Tokes and gives their project immediate value and use cases. Keep in mind that this is something they are working on implementing and hasn’t actually been developed yet.
 
Major Partnerships Secured
 
Tokes is located in Las Vegas, where marijuana laws are some of the most lenient, and they have been hard at work building relationships and partnerships with the marijuana businesses in that area. Some of their partnerships are as follows:
 
Pisos: A dispensary in Vegas that is their first partner in their pilot program Herbology Tours: Tokes purchased a 10% ownership stake in this company. More on this in a minute. Cannabis Delivery Startup in California: Payment integration into their mobile app
 
Tokes purchased a 10% ownership stake in a Las Vegas cannabis tourism company and this has a couple of really cool benefits. First, it gives Tokes a foot in the door with a marijuana company where they can start integrating and testing their system. Second, it’s a great way to get their name out there and start spreading awareness. This will go a long way to help both consumer and business adoption. The last major benefit of this ownership stake is that they will get 10% of all of the revenue from Herbology Tours, which will be used to help grow Tokes. This revenue will also be used as a way to potentially buy and burn coins (more in the next section).
 
Revenue Used to Burn Coins
 
Tokes plans on getting into other aspects of the marijuana business and portions of this revenue will possibly be used to buy and then burn the coins, thus decreasing the supply. The revenue that they generate from their 10% ownership stake in Herbology Tours will also be used to burn coins. Im a big fan of coins that burn their own supply and the markets go crazy when this happens (See $TRIG and $DAR). It’s worth noting that they are planning on burning coins with revenue, but it is not 100% concrete yet.
 
Great Roadmap
 
Their roadmap extends all the way into Q4 of 2018, which is good to see. There are also a lot of good things to look forward to and a lot of catalyst that should help the price increase along the way. Check out the roadmap here
 

What I Don’t Like

The biggest issue I have with Tokes is their supply problem they have. Currently, there are only around 960k in circulation out of the total supply of 50 million (according to Coin Market Cap). The founders currently own the remaining ~40 million tokens. The good news is they are actively trying to solve this issue and release these tokens in a way that won’t hurt the price. One of the main ways they hope to remedy this situation is by putting all of the tokens in a smart contract and distributing it during a 3 year period. You can read more about their plans here.
 
I’m not a big fan of the current supply issues, but I think the founders are on the ball on this issue and will figure it our without too many problems. Investment Potential I really like the fact that Tokes solves a real issue by providing a store of value for cannabis businesses and allowing them to move away from cash only operations. This has so much value. Combine that with their current partnerships, pilot program and their upcoming roadmap and Tokes looks like a real good long term investment.
 
Where Tokes could really see their value skyrocket is after they get a foothold in Las Vegas and establish their name in the cannabis industry, they will be the first company other cannabis companies call once their states become legal. Like I mentioned before, this is a longer term play but could be huge in a few years time. In the short term, I think they could easily get to ~$25 million just based off of continuing to lock in partnerships, releasing their mobile app and solving their supply issues.
 

4. SmartCash (SMART): $2.5 Million Market Cap

Coming in at 4th on my list is SmartCash. SmartCash is a fork of Zcoin, but it has a some of the same features as Dash along with a few unqiue twists that makes this coin very undervalued. The coin itself was started less than 3 months ago, so the project itself is still very new.
 

Why I Like SmartCash

Any anon coins right now that haven’t pumped yet are of interest to me. It seems like everyday a new anon coin is pumping and the fact that SmartCash hasn’t yet is appealing. Not only has the coin not pumped yet, but it has a super small market cap and is a better coin than the majority of the other anon coins out there. Aside from it being an anon coin, the following reasons are why I like this project.
 
Insane Staking with SmartRewards
 
This is a major reason for this coin being in my top 5. They have a cool feature called SmartRewards which is a way for people that hold their coins in their wallet to get rewarded. The only requirements are that you must have at least 1000 coins and hold them for at least a month, starting on the 25th of each month. For example, you transfer 5,000 coins on September 16th then you would be rewarded on October 25th. Since this coin is so new, there has only been one completed round of payouts so far. During this first round each person eligible made 400% returns. Example, if you had 1,000 coins in there then you would have been paid 4,000 coins!
 
400% is insane and for this second round of payouts things are a little less extreme. At the time of writing this (halfway through the month) the current estimated payout is going to be 37%, still not bad at all! This numbers goes up as the month goes on and less addresses become eligible. The reason for the drop off is because there are more eligible addresses than the first round. These rewards are funded by taking 15% of all of the coins mined from each block and then on the 25th of each month are distributed to addresses that hold at least 1000 coins. Not only are the returns very good, but this is also a great strategy to lock up coins and keep the price from dropping too much. SmartRewards is a huge reason for me being in this coin and I think it will be very popular once more people find out about it.
 
Great Funding System
I’m a big fan of their funding system and how they split the block reward. Their funding structure is as follows:
 
 
Of the 80% allocated to the community, 70% of it goes to the community treasury and 30% of it goes to funding the team. I like the reversed model they have of paying the community the bulk of the rewards and the miners the least. I think this is a good way to get people involved and help grow the coin via community funded projects.
 
Governance System
With a large chunk of all coins mined going towards community treasury it gives the community a lot of coins to use on various proposals that will be voted on by the community. These proposals can be pretty much anything helping the coin grow and the community gets to determine if it is a good idea or not. Each vote is equal to 1 smart cash.
 
As of writing this, there have been 3 community proposals that have been funded. Those 3 include:
 
 
As the community gets larger, I’d expect the number and quality of proposals to improve and then we will really get to see the benefits of this funding system.
 
Instant Transactions via InstantPay
 
This is a feature that is going to be implemented in the near future and would allow for near instant transactions. This is crucial to have if you are trying to be a coin that is used for everyday purchases, which SmartCash is trying to do.
 
Not on any Major Exchanges
 
Currently, the exchange with the largest volume where you can buy SmartCash is Stocks.Exchange and Cryptopia. Whenever Bittrex or Poloniex get around to adding this coin there should be a nice pump. Now is the time to accumulate!
 

What I Don’t Like

I’m not a fan of coins with a large supply of coins and SmartCash has 5 billion coins as its max supply (451 million circulating). The idea behind having so many coins was to become the everyday coin that is used and its easier if people are paying in a small amounts. I get the idea behind it, but I would still prefer a coin with a smaller supply.
 

Investment Potential

This coin is still fairly new and a lot of people have still never heard of this coin. I think as more people become aware of SmartRewards and the insane monthly returns that people will start to flow into this coin. Couple that with things such as masternodes (coming soon), InstantPay, a functioning governance system, and anonymous transactions and you have a severely undervalued coin at $2.5 million. Short term potential for this coin is at least $10 million market cap, but $25 million within a few months is completely reasonable. This coin has all of the characteristics of coins that are worth hundreds of millions of dollars so I don’t plan on selling this coin for a while.
 

5. Crypto Bullion (CBX): $1.3 Million Market Cap

Last but not least we have Crypto Bullion, which currently has a market cap of $1.3 million. This coin was originally developed in 2013 but has seen recent improvements that have made it a great dark horse pick. This coin is a 100% proof of stake coin that was originally created as a way to store value with a yearly interest rate of 2%. as mentioned above, it has become way more than this with the new developments that are currently under way. Let’s take a look at why I like this coin.
 

Why I Like Crypto Bullion

Crypto Bullion will be having a hard fork before the end of the month where they will be implementing quite a few new features that I think takes this coin to the next level. Some of these features are as follows:
 
Masterbodes are Coming
 
Once the hard fork occurs, masternodes will be coming to CBX along with Zerocoin anonymity. Once the masternodes have been implented it will make CBX one of the cheapest masternode coins on the market. These masternodes will earn roughly 9% — 18% yearly plus any of the fees they make from transactions. It will cost 2,000 coins to run your own masternode, which is currently around $2,000.
 
Solid Roadmap
 
They have a very solid 2017 roadmap leading into 2018 and they are planning on releasing a 2018 roadmap once this one is completed. I would expect a lot of cool new features to be added on the next roadmap. See their roadmap here
 
New Wallet Being Released
 
They are currently putting the final touches on a new wallet and getting ready for the hardfork. All of this should be happening by the end of September.
 
Low Supply
 
As of right now, there are only around 1 million coins with a very low inflation rate of 2% per year. With staking, you would make around 6% per year in interest. This means the coins are rare and scarce.
 

What I Don’t Like

From what I have seen, the communication from the dev is subpar and you can be left in the dark at times. Also, even though they have some cool features in the pipeline, they aren’t really bringing anything new to the market.
 

Investment Potential

I think CBX has built itself a nice little niche with becoming a true store of wealth, unlike Bitcoin, and that fact alone should make it worth more than its current market cap. However, with the upcoming hardfork that will bring masternodes and a new wallet we should see a lot more investor interested in this coin. I’m holding this coin until at least a $10 million market cap and probably even longer depending on what kind of developments happen in the meantime.
 

Honorable Mentions

I’m not going to dive deep into any of these coins below, but they are worth mentioning.
 
 

Wrapping this Up

That is going to bring this article to an end. I hope you enjoyed reading and found a coin or two that might interest you. These 5 coins are all coins that I will be holding for nothing less than 10x each, probably even more. These are not your “safe investment” coins by a long stretch, but if you’re looking for some high risk/high reward coins then these might be of interest to you. I’d love to know what coins you are all fans of that I didn’t put on the list. Please share in the comments below. Thanks for reading and if you enjoyed this article please follow me on medium for more posts!
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Why I joined BrainBlocks - my journey from Bitcoin to Nano to NanoMate to BrainBlocks.

Discovering Bitcoin
I was first introduced to Bitcoin in 2013 by this post about a guy who had invested his entire life-savings into Bitcoin. Obviously that was an incredibly stupid thing to do (that happens to have worked out extremely well for him), but I was intrigued by the disruptive technology, and if I'm honest, the investment potential.
I joined bitcoin , bought a small amount, and casually learned about crypto over the next few years. I was never that much of a fanatic, and barely understood the tech back then, but I liked the idea of banking the unbanked, central banks and governments having less power, and the idea that crypto might trigger a global transfer of wealth.
Being on bitcoin throughout 2017 I started to realise that there are really two factions in Bitcoin. The miners, and everyone else. The block-size debate seemed valid to a degree, but it was also pretty obvious that the 'big block' argument was short-sighted, but favoured the miners and that's why they were pushing it. It started to seem that miners might end up being like the new central banks. The Lightning Network/Layer 2 side of the debate seemed much more reasonable.
Discovering Nano
Then when the bubble came into full-swing, a couple of my friends who knew I had some BTC started asking me questions, and got themselves involved. And of course they went straight into investing in shitcoins. So I was skeptical when in December 2017 one of these friends told me they were stocking up on Nano. I'm not a trader and only invest in coins that have long-term potential, so I took my time and did a lot of research before buying anything. As such, I ended up buying Nano at around about the all-time-high.
In my research though, I realised Nano solves the problems that Bitcoin suffers. It doesn't have miners, so there's not a new class of powerful centralised entity. It is fast and free - basically the lightning network but on layer 1 and with fewer drawbacks. It won't scale as well as lightning, but by the time we get to the point that it needs to scale beyond a couple of thousand TPS, second-layer solutions will surely emerge.
NanoMate
I'm a web developer, and built a couple of little side-projects while the bubble was raging. My friend (the same one who introduced me to Nano) convinced me to build a bot that auto-buys whatever John McAfee tweets about (the day I got it running was the day he started making it harder for bots), then I built a reddit crypto-monitor that emailed me and a few friends every hour with a report on what cryptocurrencies Reddit was talking about. Gradually I was leaning more and more toward Nano being the primary cryptocurrency in my mind though, so I wanted to build something around Nano.
So I came up with the idea for NanoMate - the best way to introduce your friends to Nano. The idea was to send your friends Nano via email. They didn't need to have a Nano address, or any knowledge about Nano or crypto. You send Nano to your friend's email address, we notify them, and walk them through the process of setting up a wallet.
Originally I was thinking I'd try to do it in a weekend, or a week max. I ended up loving it, learning a lot about how Nano (and other cryptos) work in the process, and spent well over a month polishing it off before presenting it to the world.
I've launched side-projects on Reddit before and usually received an ok response, but the response for NanoMate was amazing. The post quickly got to the top of the Nano subreddit, was cross-posted (not by me) to CryptoCurrency and got to the top there as well. A bot posted in the original post that "Someone has linked to this thread from another subreddit" and it was someone calling for developers to build a similar tool for another cryptocurrency. From memory the price of Nano even spiked that day, which I like to think I had something to do with :P
Since then I've made a couple of updates, the most significant of which was to make it not just "Send Nano via Email" but "Send Nano via anything" - that post also made it to the top in Nano and CC.
So, people like the idea of growing adoption via a grass-roots method like this. But to be totally honest, NanoMate doesn't get all that much volume. And I think that's because despite it's whole mission being ease-of-use, it's actually pretty hard to use. To send Nano to someone, you need two different tabs open - your wallet and NanoMate - and you have to switch between the two multiple times to copy the address, send the Nano, then go back to NanoMate to watch it arrive.
It's even harder on the receiving side - the whole point was to be a noob-friendly intro to Nano, but you need to follow a 7-step process in a separate tab to unlock your funds. I knew that for NanoMate to really achieve its mission, it had to be built into an easy-to-use, noob-friendly wallet.
Enter BrainBlocks...
I spoke to Ty for the first time around about the time that he put out a call for investment from the community. Over time he let me know about his plans for BrainBlocks, and I realised they really meshed with my ideas for NanoMate and grass-roots adoption. I was also really impressed with Ty and what he'd managed to accomplish behind the scenes. When he told me they'd joined forces with NanoWallet.io, I knew this was the team I should join to accomplish my mission.
So there it is. I can't tell you all the plans for BrainBlocks' future, but I CAN tell you that the mission is big, and that one of the stepping stones is to fulfil the NanoMate vision - to grow the adoption of Nano by making it frictionless to send to your noob-friends. One click to send to a friend, and a super simple sign-up to receive. No tab-switching, QR codes or waiting for confirmation.
submitted by GusRuss89 to nanocurrency [link] [comments]

My growing collection of info about NEO Vol. 2

It can be very time consuming to keep up to date on a single blockchain. If you just heard about NEO a few weeks ago it would be impossible catch up on past occurrences. I’m going to try and simplify the past, present and future as much as I can into one well thought-out post.
 
I made the first Volume around 6 weeks ago
https://www.reddit.com/CryptoCurrency/comments/75mul5/my_growing_collection_of_info_about_neo/
 
I felt it was time for an update since so much has happened.
If you want the up to date version in between Vol updates visit NEO and its located on the #3 top post of all time.
[Note: This Post is at max characters (40,000), some information will be left out]
 
https://imgur.com/a/NBI7S (img for mobile backround)
 

NEO dApps / Partnerships / ICO's

https://neo.org/dapps
 
Red Pulse $RPX (ICO Completed)
A next generation intelligence and content ecosystem for China markets
https://coin.red-pulse.com/
 
Neon Exchange $NEX (Upcoming ICO on NEO) (strategic collaboration with NEO)
NEX is a platform for complex decentralized cryptographic trade and payment service creation
https://twitter.com/neonexchange
https://neonexchange.org/
https://neonexchange.org/pdfs/whitepaper_v1.1.pdf
 
Elastos $ELA (strategic collaboration with NEO)
Blockchain Driven Internet
NEO will make itself compatible with Elastos, and Elastos will also support NEOVM, and allow the writing of smart contracts with established languages, such as C# and Java. Elastos will be an OS for the Blockchain, and NEO can help developers quickly create Blockchain applications. The combination of the two could connect different developers from around the world, forming a strong ecosystem for application development―all to better serve a Smart Economy.
http://www.elastos.org/
https://twitter.com/ElastosI
https://www.reddit.com/NEO/comments/6r1a6f/neo_and_elastos_reaching_strategic_collaboration/
 
Ontology $ONT (Partnership with NEO)
Ontology Network (ONT) is a blockchain/distributed ledger network which combines distributed identity verification, data exchange, data collaboration, procedure protocols, communities, attestation, and various industry-specific modules. Together this builds the infrastructure for a peer-to-peer trust network which is cross-chain, cross-system, cross-industry, cross-application, and cross-device.
 
NEO will be the primary digital assets service provider for clearing and settlement on Ontology. There is no contract between Ontology and NEO now, though Ontology and NEO already have an established partnership. One thing on the roadmap is that in the future business scenarios on Ontology want to hold ICOs they will be able to on NEO.
https://ont.io/#/home
https://www.reddit.com/NEO/comments/7f8bvb/ontology_network_ama_answers/
https://www.youtube.com/watch?v=lPWwcgpc3P0
https://twitter.com/OntologyNetwork?lang=en
https://imgur.com/a/Emo4Q
 
The Key $TKY (Upcoming ICO ) (strategic cooperation with NEO)
THEKEY is a Decentralized Ecosystem of Identity Verification Tool Using National Big-data and Blockchain. THEKEY team is now developing second generation on-line identify verification technology. NEO Smart Economy = Digital Asset + Smart Contract + Digital Identity, while digital identity is an indispensable element. With NEO technical support, the strategic corporation between THEKEY and NEO will provide better protection to your digital asset.
https://www.thekey.vip/
https://www.reddit.com/NEO/comments/7areac/ama_on_9th_nov_thekey_a_decentralized_ecosystem/
 
Qlink $QLC (Partnership with NEO) (Multi-chain) (Upcoming ICO on NEO)
World’s First Decentralized Mobile Network
Qlink, a decentralized mobile network, is dedicated to constructing an open-source telecom infrastructure on blockchain.
https://twitter.com/QlinkMobi
https://www.qlink.mobi/f/qlink
https://neonewstoday.com/general/qlink-partner-with-neo/
 
PeerAtlas $ATLAS (Upcoming ICO on NEO)
ATLAS: A Digital Token Supporting an Open-Source Medical Encyclopedia
http://www.peeratlas.com/
http://www.peeratlas.com/whitepaper.pdf
https://neonewstoday.com/interviews/peeratlas-q-a-colin-closse
 
High Performance Blockchain $HPB (ICO Completed)
HPB is a new blockchain architecture, positioned as an easy-to-use, highperformance blockchain platform. It aims to extend the performance of distributed applications to meet real world business needs. This is achieved by creating an architecture similar to an API operating system. The software architecture provides accounts, identity and authorization management, policy management, databases, and asynchronous communication on thousands of CPUs, FPGAs or clustered program schedulers. This blockchain is a new architecture that can support millions of transactions per second and support authorizations within seconds.
http://www.gxn.io/en.html
http://www.gxn.io/files/hpb_white_paper_en.pdf
https://www.allcoin.com/markets/HPB-BTC/0/
 
Aphelion $APH (ICO In Progress)
A Revolutionary Decentralized P2P Exchange Solution
https://aphelion.org/
https://aphelion.org/wp.html
https://github.com/Aphelion
 
Zeepin $ZPT (Crowd sale will start Jan 18, 2018) (Upcoming ICO on NEO)
The Distributed Creative New Economy.
Zeepin, a decentralized innovation community, is dedicated to promoting highly efficient circulation of innovation assets.
https://www.zeepin.io/
https://www.zeepin.io/Whitepaper_En_v1.0.pdf
https://github.com/zeepin
https://www.reddit.com/NEO/comments/7f94vs/ama_from_today_nov_24th_zeepin_the_distributed/
 
Stokit (Upcoming ICO on NEO)
Decentralized cloud storage
https://stokit.io/
Whitepaper release: 30th of November 2017
 
Universal Health Coin (Upcoming ICO on NEO )
http://www.universalhealthcoin.com/
 
AdEx (dApp built on NEO)
http://adex.network/
https://twitter.com/AdEx_Network/status/897529249661423616
 
 
Alphacat
More Information to come soon after Video is released from the Meetup
https://www.meetup.com/de-DE/Onchains-Blockchain-Project-Launch-NEO-Ecosystem-Sharing/events/245101761/
 
DeepBrain
More Information to come soon after Video is released from the Meetup
https://www.meetup.com/de-DE/Onchains-Blockchain-Project-Launch-NEO-Ecosystem-Sharing/events/245101761/
 
 

City of Zion (CoZ)

https://cityofzion.io/
https://medium.com/@cityofzion
https://medium.com/proof-of-working
https://steemit.com/@canesin
 
City of Zion (CoZ) is an independent group of open source developers, designers and translators formed to support the NEO BlockChain core and ecosystem.
CoZ primarily operates through the community Slack and CoZ Github, central places where the community shares knowledge and contributes to projects.
CoZ is neither a corporation, nor a consulting firm or a devshop / for-hire group.
Members
https://imgur.com/a/Gc9jT
CoZ aims to be low barrier of entry, the process is straightforward:
  1. Join the channel #develop.
  2. Fork or create a project.
  3. Publish as open source.
  4. After a couple of contributions a CoZ council member will invite you to the proper channel for your contributions.
  5. Receive rewards and back to 3.
Unit testing - Ongoing effort to implement code coverage for the core
Integration testing - Tools for automated testing, performance metrics and functionality validation on private test nets
Continuous integration - Automated multi-platform testing of all pull requests at GitHub.
Deployment pipeline - Automated tools and processes to ensure fast and reliable updates upon code changes
New C# implementation (NEO2) - Improve code quality, speed & testability
 
Roadmap
https://imgur.com/a/4CDhw
 
dApps competition
https://cityofzion.io/dapps/1
10 prizes of 1350 GAS, with 500 GAS to be used for smart contract deployment.
Deadline was the 16 of November 11:59 EST.
http://cityofzion.io/dapps/1 (Check out page to view websites / Githubs)
1st: NEO Smart IoT
2nd: imusify
3rd: Chain Line
4th: BlockAuth
5th: Phantasma
6th: NeoTrade
7th: Turing Complete Smart Contract
8th: KRYPTON
9th: Switcheo
10th: TripShares
https://drive.google.com/drive/folders/0B4wu5lNlukwybEstaEJMZ19kbjQ
 

NEO and Microsoft China Dev Competition

 

Competition Rules

  1. The competition will open on November 20, 2017 and close at 11:59 PM Beijing time (GMT+8), March 10, 2018. Please sign up and submit your work before the deadline.
  2. Participants are required to develop on the NEO blockchain. Please refer to github.com/neo-project and docs.neo.org for relevant codes and technical documents.
  3. During the competition, developers are free to collaborate and to submit their work as a team.
  4. Teams or individuals who fail to submit their work before 11:59 PM Beijing time (GMT+8), March 10, 2018 will not be eligible for prizes.
  5. Your submission must contain executable programs and codes.
 
$150,000 First prize(1 team)
$50,000 Second prize(2 teams)
$30,000 Third prize(3 teams)
$15,000 Award of merit(10 teams)
 
A judging panel made up of NEO founder Da Hongfei,NEO Founder & Core Developer Erik Zhang, CoZ founder Fabio, Elastos founder Chen Rong,ONT Founder Li Jun and experts from Microsoft China will select 16 winners out of all the contestants for a bounty pool worth a total of USD 490,000.
 
Total sign-ups :194 Data collected as of 2017/11/28
 
Country Sign-ups
China 48
USA 31
India 12
Norway 7
France 6
Other 90
 
https://neo.org/competition.html
 
 

ICO Firm

 
Projectico
A service that helps others launch a token sale if it is right for their cause and will be using NEO in most instances going forward. We have created a foundation that is bringing compliance and trust to the marketplace for ICOs and allowing international people to still participate.
https://www.projectico.io/
https://www.reddit.com/NEO/comments/7dd3s0/ama_on_20_nov_projectico_a_us_based_turnkey_token/
 
 

Key notes from the White Paper

http://docs.neo.org/en-us/
 
Digital Assets
Digital assets are programmable assets that exist in the form of electronic data. With blockchain technology, the digitization of assets can be decentralized, trustful, traceable, highly transparent, and free of intermediaries.
 
Digital Identity
Digital identity refers to the identity information of individuals, organizations, and other entities that exist in electronic form.
Our verification of identity when issuing or using digital identities includes the use of facial features, fingerprint, voice, SMS and other multi-factor authentication methods.
 
Smart Contracts
The NeoContract smart contract system is the biggest feature of the seamless integration of the existing developer ecosystem. Developers do not need to learn a new programming language but use C#, Java and other mainstream programming languages in their familiar IDE environments (Visual Studio, Eclipse, etc.) for smart contract development, debugging and compilation. NEO's Universal Lightweight Virtual Machine, NeoVM, has the advantages of high certainty, high concurrency, and high scalability. The NeoContract smart contract system will allow millions of developers around the world to quickly carry out the development of smart contracts.
 
Economic Model
NEO has two native tokens, NEOand NeoGas NEO represents the right to manage the network. Management rights include voting for bookkeeping, NEO network parameter changes, and so on. The minimum unit of NEO is 1 and tokens cannot be subdivided. GAS is the fuel token for the realization of NEO network resource control. The NEO network charges for the operation and storage of tokens and smart contracts, thereby creating economic incentives for bookkeepers and preventing the abuse of resources. The minimum unit of GAS is 0.00000001.
 
Distribution Mechanism
NEO's 100 million tokens are divided into two portions. The first portion is 50 million tokens distributed proportionally to supporters of NEO during the crowdfunding. This portion has been distributed.
The second portion is 50 million NEO managed by the NEO Council to support NEO's long-term development, operation and maintenance and ecosystem. The NEO in this portion has a lockout period of 1 year and is unlocked only after October 16, 2017. This portion will NOT enter the exchanges and is only for long-term support of NEO projects. The plans for it are as below:
▪ 10 million tokens (10% total) will be used to motivate NEO developers and members of the NEO Council
▪ 10 million tokens (10% total) will be used to motivate developers in the NEO ecosystem
▪ 15 million tokens (15% total) will be used to cross-invest in other block-chain projects, which are owned by the NEO Council and are used only for NEO projects
▪ 15 million (15% total) will be retained as contingency
▪ The annual use of NEO in principle shall NOT exceed 15 million tokens
 
GAS distribution
GAS is generated with each new block. The initial total amount of GAS is zero. With the increasing rate of new block generation, the total limit of 100 million GAS will be achieved in about 22 years. The interval between each block is about 15-20 seconds, and 2 million blocks are generated in about one year. According to this release curve, 16% of the GAS will be created in the first year, 52% of the GAS will be created in the first four years, and 80% of the GAS will be created in the first 12 years. GAS will be distributed proportionally in accordance with the NEO holding ratio, recorded in the corresponding addresses. NEO holders can initiate a claim transaction at any time and claim these GAS tokens at their holding addresses.
 
Consensus mechanism: dBFT
The dBFT is called the Delegated Byzantine Fault Tolerant, a Byzantine fault-tolerant consensus mechanism that enables large-scale participation in consensus through proxy voting. The holder of the NEO token can, by voting, pick the bookkeeper it supports. The selected group of bookkeepers, through BFT algorithm, reach a consensus and generate new blocks. Voting in the NEO network continues in real time, rather than in accordance with a fixed term.
 
Cross-chain assets exchange agreement
NeoX has been extended on existing double-stranded atomic assets exchange protocols to allow multiple participants to exchange assets across different chains and to ensure that all steps in the entire transaction process succeed or fail together. In order to achieve this function, we need to use NeoContract function to create a contract account for each participant. If other blockchains are not compatible with NeoContract, they can be compatible with NeoX as long as they can provide simple smart contract functionality.
 
Cross-chain distributed transaction protocol
Cross-chain distributed transactions mean that multiple steps of a transaction are scattered across different blockchains and that the consistency of the entire transaction is ensured. This is an extension of cross-chain assets exchange, extending the behavior of assets exchange into arbitrary behavior. In layman's terms, NeoX makes it possible for cross-chain smart contracts where a smart contract can perform different parts on multiple chains, either succeeding or reverting as a whole. This gives excellent possibilities for cross-chain collaborations and we are exploring cross-chain smart contract application scenarios.
 
Distributed Storage Protocol: NeoFS
NeoFS is a distributed storage protocol that utilizes Distributed Hash Table technology. NeoFS indexes the data through file content (Hash) rather than file path (URI). Large files will be divided into fixed-size data blocks that are distributed and stored in many different nodes
 
Anti-quantum cryptography mechanism: NeoQS
The emergence of quantum computers poses a major challenge to RSA and ECC-based cryptographic mechanisms. Quantum computers can solve the large number of decomposition problems (which RSA relies on) and the elliptic curve discrete logarithm (which ECC relies on) in a very short time. NeoQS (Quantum Safe) is a lattice-based cryptographic mechanism.
 

Reasons for choosing dBFT over PoW and PoS

 
With the phenomenal success of Bitcoin and its increasing mainstream adoption, the project’s unbounded appetite for energy grew accordingly. Today, the average Bitcoin transaction costs as much energy as powering 9.3 average American homes for 1 day.
https://digiconomist.net/bitcoin-energy-consumption#assumptions
This mind boggling amount of energy is not, as it is commonly believed, being wasted. It is put to good use: securing the Bitcoin network and rendering attacks on it infeasible. However, the cost of this security mechanism and its implications for an increasingly warming and resource hungry planet led almost the entire crypto industry to the understanding that an alternative has to be found, at least if we’re interested in seeing blockchain technology gaining overwhelming mainstream adoption.
The most popular alternative to PoW, used by most alternative cryptocurrency systems, is called Proof-of-Stake, or PoS. PoS is highly promising in the sense that it doesn’t require blockchain nodes to perform arduous, and otherwise useless, cryptographic tasks in order to render potential attacks costly and infeasible. Hence, this algorithm cuts the power requirements of PoS blockchains down to sane and manageable amounts, allowing them to be more scalable without guzzling up the planet's energy reserves.
As the name suggests, instead of requiring proof of cryptographic work, PoS requires blockchain nodes to proof stake in the currency itself. This means that in order for a blockchain node to be eligible for a verification reward, the node has to hold a certain amount of currency in the wallet associated