The project Numerai reduce emissions, the «most used» tokens in Ethereum to 11 million

California hedge Fund Numerai in an effort to provide the greatest possible decentralization made the decision to reduce the emission of tokens NMR of the project from the current 21 million to 11 million, according to CoinDesk.

As stated by the Numerai founder Richard Craib, reduction of emissions will take place after the upgrade of the smart contract, after which the keys will be destroyed.

«We are extremely decentralized», — he said.

According to Krabi the project from the very beginning assumed emission reduction of tokens, but the publication suggests that this step can be linked to the statements of the us regulators, who were given to understand, more sympathetic to the tokens that no one controls.

Richard Craib declined to comment on the question, and discussed whether Numerai with the Commission on securities and exchange Commission (SEC) its business model, noting that the company at the time refused to hold ICO. Tokens were distributed via airdop, as well as remuneration for successful stock market predictions.

As mentioned earlier ForkLog, Numerai is not a hedge Fund in the usual sense of the word, because it makes transactions using a machine learning model that create anonymous developers. The specialists themselves while participating in the weekly ranking and get the encrypted data that represents an abstract representation of the exchange of information. Then developers create machine learning algorithms to search this information for specific patterns and test their own models, downloading the predictions on the website.

The reward for successful predictions experts receive tokens NMR, which are subsequently converted into bitcoins. The base of the platform are smart contracts, Ethereum, and tokens NMR Numeraire are a kind of bet that makes the developer that the proposed model works on the market. If the trade on the proposed algorithm is successful, the developer receives a reward depending on your ranking.

As stated by the company itself, the token NMR is the most used in Ethereum. In October 2018, was announced the launch of marketplace data called Erasure. It is expected that with its launch issue of tokens will increase by more than 50%, which may be a separate subject of interest to regulators.

Company will not disclose at this stage, as these tokens will be distributed. In her statement at the moment in circulation there are about 7 million tokens NMR, however, CoinMarketCap, for example, says about 2.3 million NMR.

«I don’t know where CoinMarketCap takes this information,» said Richard Craib.

According to him, this discrepancy in numbers is probably due to the fact that in may the project was blocked for the next 10 years about 3 million tokens. Anyway, another 1.7 million tokens are in question.


The exchange Poloniex added «institutional» accounts

Circle, the parent company of the cryptocurrency exchange, Poloniex, has announced the introduction of a new type of accounts, focused on the so-called institutional clients.

«Large and small organizations can benefit from our carefully selected, but broad selection of pairs for trading scriptactive, dedicated support and reliable API services», — said in a company blog.

Institutional clients Poloniex also offer higher limits for withdrawal of funds, and in the month of December trades for them would be to go with zero commissions.

Separately on the registration page for institutional clients stated that they also requested access to the OTC platform Trade Circle, minimum transaction amount which is $250 000, and the possibility of converting the U.S. dollar in stabilin USDC and back.

We will remind, USD Coin (USDC) appeared in the Poloniex listing in September, shortly after its official launch.

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The Prime Minister spoke about the work on the draft law on cryptocurrency

Prime Minister of Russia Dmitry Medvedev believes that the law on “digital money” will prevent the withdrawal of assets in an unregulated digital environment. Legislators of the Russian Federation is introduced instead of the terms “cryptocurrency” and “token” is a more accurate legal concept of “digital money” and “digital rights,” he said.

“We need to fix in the civil legislation of the basic provisions to translate them into the language of the law. So instead of “cryptocurrency” and “token” legislators develop a more legally rigorous concept of “digital money” and “digital rights”, — expressed his point of view Medvedev at the St. Petersburg legal forum.

According to the Prime Minister, the new regulations will become an obstacle to the withdrawal of assets and guarantees in the event of a dispute, the judicial protection from abuse.

“Hurt to withdraw assets in an unregulated digital environment — this is especially important when combating the legalization of income obtained by criminal means. As well as create the basis for building a tax system of such objects”, — said Medvedev.

Recall that the draft law “On digital of financial assets” was introduced in the state Duma of the Russian Federation on March 20. It is based on a project developed by the Ministry of Finance and published on January 25, reported the head of the Duma Committee on financial markets Anatoly Aksakov. He voiced confidence that the law will be adopted before the end of the spring session in June.


International criminals prefer the dollar, not cryptocurrency

At a hearing in a court of the United States Senate Committee on modernisation of the laws on combating money laundering sounded data that only a small percentage of the illegal financial transactions carried out through cryptocurrency. It is reported

The Committee hearing of the Senate was devoted to the bill S1241 “modernisation of laws on combating money laundering and financing of terrorism”. The bill aims to provide law enforcement agencies with the tools needed to prevent, detect and prosecute those who want to break the law.

One of the key aspects of the hearings was how criminal activity is carried out on a global scale. Criminal groups now follow in the footsteps of economies and financial systems — their activities globaliseerumise. Kenneth Blanco (EN Blanco), the Deputy attorney General of the U.S. Department of justice, said the following:

“Transnational criminal organizations, kleptocrats, cyber criminal groups, terrorists, and foreign drug cartels, the smugglers must find ways to hide sources of income from their crimes, so they can use profit without compromising those sources.”

According to estimates of the UN office on drugs and crime, annual proceeds from the illegal activities amount to more than $2 trillion. Laundering the money is a major problem and can be done using several methods: prepaid cards, digital currencies, illegal cash, money laundering through trade.

Many financial regulators have noted the ease of use of cryptocurrencies in illegal financial activities, provide them with anonymity and transborder nature. Similar concerns were expressed by, for example, the Minister of the Treasury Steven Mnuchin (Steven Mnuchin) and a member of the governing Council of the European Central Bank Ewald Nowotny (Ewald Nowotny).

However, according to Jennifer Fowler (Jennifer Fowler), Ministry of Finance representative at the hearings in the Senate, selection of the attackers remains the US dollar:

“While virtual currencies are used for illicit transactions, their volume is small compared to the amount of illegal activities using traditional financial services.”

We will remind, earlier it was reported that the governmental authorities of the United Kingdom acknowledged the risk of terrorist financing through the cryptocurrency low. Also they pointed out that crypto currencies are used to launder “small amounts in large volumes”.


Weekly market analysis cryptocurrencies and ICO (13-19 Nov 2017)

Information on 19.11.2017 (results for the period from 01.07.2017)[i]


  • Dmitry Kornilov, doctor of economic Sciences, academician of RANS, senior analyst ICOBox
  • Dmitri Zaitsev, candidate of economic Sciences, head of international public relations and the Department of business analysts ICOBox
  • Nikolay Evdokimov, co-founder of ICOBox
  • Michael raitzin, co-founder of ICOBox
  • Anar Babayev, co-founder of ICOBox
  • Daria Generalova, co-founder of ICOBox

1. A General analysis of the market of cryptocurrencies and assets (per week, month, quarter). Market dynamics

1.1. A General analysis of the market of cryptocurrencies and assets (week, month)

Table. 1.1. Dynamics of capitalization of the stock market and the major currencies with 01.08.2017, 19.11.2017 G.

In the period 1 to 19 November 2017 the total market capitalization of cryptocurrencies (Total Market Capitalization) increased from 182,65 to 233,63 bln US $ (see table 1.1). Over the past week (13-19.11.2017) market capitalization increased by 33 billion dollars, primarily due to the Bitcoin market capitalization which grew from 104,98 to 129,6 billion USD, i.e. by 24.6 billion US dollars. The growth of capitalization altcoins for the week amounted to 8.4 billion US dollars (95,6 c to 104 billion U.S. dollars). To increase the capitalization of altcoins affected mainly courses Ethereum, Ripple, Litecoin, NEO, Dash, Monero, IOTA, Ethereum Classic, etc., so capitalization increased almost all the top ten cryptocurrencies except Bitcoin Cash.

For the period from November 13 to 19, courses Bitcoin, Litecoin, and Ethereum increased by 23.36%, of 10.39% to 11.56%, respectively. The Bitcoin exchange rate Cash at the same time decreased by 6.39%, with a $1 346,97 to $1 260,95.

In connection with the resumption of the growth rate of Bitcoin, whose value during the week increased from $295,50 6 to $7 766 to 19.11.2017 its market share increased from 52.3% to 55.5%. 17.11.2017, the course of Bitcoin exceeded us $8 000.

C the beginning of the month change rate for the Bitcoin was ranging from $5 519,01 (12.11.2017 g) $ 8 101,91 (19.11.2017 g), i.e., amounted to about $2 600 (table. 1.4.a), at the same time, fluctuations of the Bitcoin Cash, amounted to more than $2 200. The main causes of changes in the exchange rates of the leading cryptocurrency in a week are presented in table. 1.3.

Smith + Crown Index for the last week of November increased from 12 to 14 246 548.

To analyze the activity of trading on the crypto currency exchange is calculated the index of ZAK-n Crypto (see Glossary). Indices ZAK-3 and ZAK Crypto-Crypto 5 are presented in table. 1.1, 1.2.and, 1.2.b. So, 12.11.2017, trading volume (Volume 24h) for the three dominant cryptocurrencies (Bitcoin, Ethereum, Bitcoin and Cash), the first time exceeded 18 billion U.S. dollars per day, reached 18 942 million U.S. dollars (table. 1.2.a). The index value of the ZAK-3 Crypto amounted to a record 12%, which indicates a very high liquidity and dynamism of the market dominant cryptocurrency.

Table. 1.2.. Daily calculation of the index ZAK-3 Crypto (con 02.11.2017, 19.11.2017)

Trading volumes 24 hour (24h Volume) for five dominant cryptocurrencies (Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash) at the end of last week was $ 6 054 million US $ (table. 1.2.b), i.e. 3.1% of their market capitalization. More indexes ZAK-ZAK and Crypto 3-5 Crypto considered in the table. 1.2.and 1.2.b.

Table. 1.2.b. Daily calculation of the index ZAK-5 Crypto (extension table 1.2.a)

In table. 1.3 presents the key events of the week (13-19.11.2017), influenced the course of the dominant cryptocurrency and the stock market in General, indicating the nature and extent of their influence.

Table. 1.3. Key events of the week that influenced the course of cryptocurrency 13-19 November 2017

High trading activity (Volume 24h) relative to market capitalization contributes to the volatility of the cryptocurrency market, which can lead to sharp changes in their prices.

In Fig. 1 shows the mutual movements of Bitcoin and Ethereum since the beginning of November (Fig. 1; table 1.4.a,b).

In Fig. 1 shows that in the period of imminent hard forks of Bitcoin, up to 08.11.2017 G. it has been rising after the announcement of the cancellation of this event was a sharp decline in the exchange rate of Bitcoin against the background of this abrupt change of course Ethereum, and then, after a few days that were required for stabilization (up to 15.11.2017 g), the growth of Bitcoin is resumed.

Since the beginning of November course Ethereum, in turn, grew from $305 to $347.

Below, the dynamics of changes in the pair Bitcoin and Bitcoin to Cash (see table. 1.4.a,b; Fig. 2).

Fig. 2 illustrates the struggle for the market between veteran and young stock market Bitcoin cryptocurrency Bitcoin Cash. On some days the growth of the Bitcoin to Cash was accompanied by a decrease in the rate Bitcoin and Vice versa. Especially obviously this tendency was observed in the period after the abolition of the updates (hard forks) of Bitcoin.

The following is an analysis of daily changes in exchange rates Bitcoin, Cash Bitcoin and Ethereum with the beginning of the month (tab. 1.4.a,b,C).

Table. 1.4.. Daily dynamics of exchange rate, trading volume (Volume 24h) and capitalization of the Bitcoin (BTC) to US dollar (c 01.11.2017, 19.11.2017)

Table. 1.4.b. Daily dynamics of exchange rate, trading volume (Volume 24h) and capitalization of Ethereum (ETH) in relation to the U.S. dollar (c 01.11.2017, 19.11.2017)

Since the beginning of November the exchange rate of Bitcoin rose from $6 440,97 to $8 036,49, and the rate of Ethereum – $305,76 to $354,39 (table. 1.4.a,b). Thus the highest Bitcoin exchange rate ($8 101,90) and Ethereum ($371,30) was recorded 19.11.2017 g. the Greatest daily fluctuation (Range) Bitcoin exchange rate was $1 106 (12.11.2017 g), and of course Ethereum – $30,20 (10.11.2017). Courses Bitcoin and Ethereum from the beginning of 2017 rose to 8.05 and 43,38 times, respectively (see table. 1.4.a,b).

Dynamics of prices of Bitcoin, Ethereum and Bitcoin Cash in November 2017 is presented in Fig. 3, 4, 5.

According to the data shown in Fig. 3, in changing the course of Bitcoin growing sine wave. Of course Ethereum can be noted about the three-day cycle of growth and decline (Fig. 4). The course of Bitcoin Cash is characterized by possible sharp jumps (12.11.2017). All this suggests that part of the market participants periodically changes their preferences. For example, last week after hardwork Bitcoin Cash, which, according to held 13.11.2017, decreased his rate to $863,98 (16.11.2017), but then, as 19.11.2017, the rate stabilized at $1 144-$262 1 (see table.

Table. Daily dynamics of exchange rate, trading volume (Volume 24h) and capitalization of the Bitcoin Cash (BCH) in relation to the U.S. dollar (c 01.11.2017, 19.11.2017)

The General index of the change Bitcoin to Cash August 1, 2017 amounted to 3.08 (for the base calculation of the adopted rate of $380 at the end of the day 01.08.2017 g), i.e. for the period after hard forks of Bitcoin and new Bitcoin Cash its rate increased by 208%, while the growth rate occurred from the beginning of November.

The Bitcoin exchange rate Gold before the launch of the core network project, 12 November at 19:00 UTC has grown significantly, moreover, only 12.11.2017 was observed two peaks of growth. The rate reached a high of $496,61 12.11.2017 G. as of 12:00 UTC on 20 November, the rate was about $130, and the total market capitalization of approximately 21.5 million U.S. dollars (see Fig. 6).

In table. 1.5 presents a list of events, information about which appeared last week and which can affect the certain cryptocurrency and the market in General.

Table. 1.5. Events that can affect the course of cryptocurrencies in the future

1.2. Market dynamics

Weekly dynamics of the market of cryptocurrencies and assets 02.07.2017, 19.11.2017. presented in the form of diagrams (Fig. 1.1-1.5)*.

Table. 1.6. Symbols and characteristics of the charts

In Fig. Figure 1.1 shows the weekly changes in the cryptocurrency market with 02.07.2017, 19.11.2017 During this period, market capitalization grew from 94 to 233 716 808 million U.S. dollars, and relative to the beginning of the year growth amounted to 1 221%. Over the past week, the total market capitalization increased from 200 964 million USD to 233 808 million US dollars (as of 19.11.2017). The increase was mainly due to the increase in the market capitalization of Bitcoin by 24.6 billion US dollars, as well as some growth of capitalization of altcoins.

Despite the substantial increase in the market capitalization of crypto-currencies for the third quarter of 2017 and for the year overall, the market is subject to sharp fluctuations. A significant reduction was observed at week 09-16.07.2017 (-28%) and in the first two weeks of September (03-10.09 and 11-17.09.2017), by 25 203 million U.S. dollars (-15,1%) and 20 817 million USD (-15%) respectively. The highest growth in the third quarter was 39% (16-23.07.2017). Over the past week (13-19.11.2017) total market capitalization of crypto-currencies increased by 32 844 million U.S. dollars, or 16%.

The total number of types of cryptocurrencies and scriptactive on the stock exchange since July has increased from 881 to 1 239. Only for last week the number had increased to 31, with 1 1 208 to 239. At the same time for the analyzed period, the average market capitalization of cryptocurrencies and scriptactive increased from 166,4 to 188,7 million dollars.

In the four weeks of October (01-29.10.2017) the cryptocurrency market has grown from 146 to 170 924 353 million U.S. dollars over the next two weeks (30.10-12.11.2017 g), he reached 200 964 million U.S. dollars. Total market capitalization for the first time exceeded 200 billion USD on 3 November. Last week (13-19th.11.2017) was characterized by a market growth of 16%, while growth was observed in all the major cryptocurrencies, besides Bitcoin Cash. The structure of the stock market has changed in favor of Bitcoin, its share currently is 55.5%.

Some experts predicted the further growth of rates of major cryptocurrencies, however, there is a high risk associated with market fluctuations.

2. General market analysis ICO (week, month)

2.1. Market overview, news for the week

  • Investors Tezos has made another attempt to recover the funds through the courts
  • The Central Bank of Singapore has identified when the tokens can be considered as securities
  • The Central Bank of the Russian Federation plans to legally define the concept of cryptocurrency and the ICO in the first half of 2018
  • The financial regulator, the EU has warned about the risks of investments in ICO
  • Canaccord: in the next 20 years, ICO can become commonplace
  • According to Key European Regulator, ICOs Could be Derivative Activities
  • Dutch Regulator: ICO Environment Is a ‘Dangerous Cocktail’

2.2. Aggregated indicators of the dynamics and efficiency of the market the past (completed, ompleted) ICO

To assess the dynamics and efficiency of the market is successfully finished and/or released to the stock exchange ICO offers a set of tools (see table. 2.1).

Table. 2.1. Tools to assess the efficiency of the market is successfully finished and/or released to the stock exchange ICO

Table. 2.2. Aggregated indicators of the dynamics and efficiency of the market the past (completed Completed) ICO4

Data 01.11.2017 g. adjusted the appearance of more complete information on revised ICO. In the end, the total amount of attracted funds amounted to 97,9 million dollars (01-05.11.2017) and 258.9 million dollars (06-12.11.2017). Last week (13-19th.11.2017) the amounts of fees by the ICO made 138,2 million dollars. This amount consists of the results of 13 completed the most successful ICO, with the largest amount of fees was approximately 46.5 million USD (ICO WAX). The average value of funds raised for one project is equal to 10.6 million dollars. More detailed data on the 13 main ICO the last week are presented in table. 2.5.

2.3. Aggregated indicators to assess the market for existing and planned (Active, Planned) ICO

Table. 2.3. Aggregated indicators to assess the market for existing and planned (Active, Planned) ICO

The number of projects engaged in (Active) ICO is 19.11.2017 G. 221. At the moment there is information about at least 251 ICO, scheduled after 19.11.2017 year, of which next week plans to hold more than 29 ICO.

2.4. Quantitative analysis of the market ICO

1. The amount of attracted funds and the number of ICO

Table. 2.4. The amount of attracted funds and the number of ICO

Table. 2.4 shows that the largest number of funds was drawn by the ICO in June 2017. In the same month, the average number of funds (Average funds collected) one ICO made up of 33.17 million dollars.

The data of the last week (13-19.11.2017) may be subject to adjustment as information on fees completed ICO will be revised.

2. Top ICO

Table. 2.5. Top 13 ICO for the amount of borrowed funds (13.11-19.11.2017)

In table. 2.5 presents the top 13 was successfully completed last week the ICO with the largest amounts of borrowed funds. The leader is the Wax project which aims to develop a decentralized platform for trading virtual goods in online games industry. WAX can become a safe platform to exchange, buy and sell virtual assets for a huge number of gamers around the world.

3. Top ICO in separate categories

The ICO list of top categories based on the categories of ICO leaders weeks.

Table. 2.6. Top 10 ICO on volume of attracted funds in the category Commerce & Advertising

In table. 2.6 presents the top 10 ICO in the category of Commerce & Advertising. All these projects were implemented in 2017. More than half of them completed the ICO in November 2017, so there is no data about the effectiveness of their go-to crypto currency exchange. The Wax project, which finished ICO last week, is a category leader by volume of attracted funds. In second place is project Basic Token Attention, which attracted 35 million US dollars, having 1 000 000 000 coins in 30 seconds and costs about $0,036 per token. Currently they are sold on the crypto currency exchange of approximately $0,162. Thus, the efficiency is 4.51 x. The total market capitalization Basic token Attention Token on 19.11.2017 is of 161.3 million US dollars.

The ratings of ICO in the categories of Infrastructure and Trading & Investing has been presented in previous reports. The ratings of ICO in the categories of Payments and Mining are presented below.

Table. 2.7. Top 10 ICO on volume of attracted funds in the category Payments

At the moment in the category of Payments in terms of «Efficiency» (Token Performance), all projects of the top 10 have values from 0.33 x to 24.43 x. One of the most successful can be considered the process of going public ICO OmiseGo, because this project has a relationship to the Current Token Price of Token Sale Price is 24,43 x. When considering this indicator should take into account the timing of completion of ICO OmiseGo (05.07.2017 g), i.e. the growth of 24.43% occurred in approximately 4 months, and market capitalization OmiseGo currently has more than 800 million U.S. dollars.

Table. 2.8. Top 3 ICO by volume of attracted funds in category Mining

In table. 2.8 presents the top-3. ICO in the category of Mining. One of the projects represented in this category – ICO Giga Watt – has completed the process of going public. This project is the attitude of the Current Token to the Token Sale Price is Price of 1.44 x.

For the last period (13-19.11.2017) ICO has successfully completed 13 projects, each of which attracted more than 100 thousand U.S. dollars, the total amount of attracted funds amounted to no less than 138,2 million dollars. Leader of the week was the draft of Wax (46.5 million USD). The volume of funds for a number of ICO has not reached the level of 100 thousand USD (for individual project details to be confirmed). Next week is planned to hold at least 29 ICO.


Key concepts Definition
Initial coin offering, ICO (initial coin offer, initial placement of coins) Form of collective support for innovative technological projects, a variety of sales and attract new supporters through the primary offer coins for future holders in the form of a blockchain-based cryptocurrency (tokens) and scriptaction.
Market capitalization (Rwalking down market capitalization ) The value of the object calculated based on the current market (stock) prices. It is a financial measure used to evaluate total cost of market-based instruments, actors and markets. [Source: Wikipedia].
Cryptocurrency market capitalization as Total market value traded in the cryptocurrency market.
Total cryptocurrency market capitalization as Market capitalization of crypto-currencies and assets, i.e. the total market value of traded cryptocurrencies and assets.
Token reward The effectiveness of token (current token price of / the price of a token at the time of the ICO), i.e. the reward of one dollar invested in the token.
Dominance Market share, i.e. the ratio of the capitalization of cryptocurrencies (the token) to total market capitalization. Expressed as a percentage.
Token sale price

Current token price

The price of a token at the time of the ICO.

The current price of a token.

Not Mineable


The coin is not manitsa (from the English. mining). Refers to a crypto currency (tokens) which have no function hashing or not produced in the mining process.
Premined Remaininga coin. Refers to a crypto currency (tokens) which are produced in the mining process, but a certain amount of coins (tokens) was created and distributed to defined users when the project starts.
The rate of market increase (in % to the beginning of the year) The growth rate of market (% YTD), i.e. how much % of the market capitalization increased relative to the beginning of the year.
The growth rate of the market (in % to the beginning of the year) The market growth rate (% YTD), i.e. how many times has changed the market capitalization relative to the beginning of the year.
Increase in market capitalization (in million USD compared to previous period) The increase in the market capitalization of cryptocurrencies and assets (in millions of U.S. dollars the previous period), i.e., how many million dollars of change in the market capitalization for the period.
The rate of market increase (in % compared to previous period) The growth rate of the market (in % to previous period), i.e. how much % the market capitalization has increased over the period.
The market growth rate (in % compared to previous period) The market growth rate (in % to previous period), i.e. how many times the increased market capitalization relative to previous period.
Number of cryptocurrencies and digital assets The number of crypto-currencies and assets. At the time of formation of the Glossary of the market turned more than 1070 species of crypto-currencies and assets.
Average market capitalization as The average market capitalization, i.e. the ratio of market capitalization of all cryptocurrencies and assets to their number.
Token return Indicator of the effectiveness of funds spent on the purchase of tokens, or the ratio of the current price of the token and the sale price of the token, i.e. the efficiency of investment of one dollar in tokens at the stage of sale of tokens, with their subsequent sale on the crypto currency exchange for US dollars.
ETH reward – current dollar value of $1 spent on buying tokens during the token sale An alternative indicator of the effectiveness of funds spent on the purchase of tokens in the period of the ICO, or the ratio of the current rate of ETH to his course at the beginning of the sale of token-ICO, ie if one dollar were not invested in the ICO and at ETH in his course at the beginning of the sale of tokens, and then sold at the current rate of ETH.
BTC reward– current dollar value of $1 spent on buying tokens during the token sale Similar to the previous: an Alternative indicator of the effectiveness of funds spent on the purchase of tokens in the period of the ICO, if one dollar was invested in BTC at the exchange rate at the beginning of ICO, and then sold at the current rate BTC.
Token/ETH reward The ratio of economic benefits/losses of the market participant in connection with the purchase of tokens at the stage of the ICO to the possible investment in ETH. If the value is > 1, then the market participant has achieved greater effectiveness of investments spent on tokens than if he invested in bitcoin ETH.
Token/BTC reward The ratio of economic benefits/losses of the market participant in connection with the purchase of tokens at the stage of the ICO to the possibility of investing in BTC. If the value is > 1, then the market participant has achieved greater effectiveness of investments spent on tokens than if it invested in cryptocurrency BTC.
ZAK-n Crypto index The index is calculated as a percentage and represents the ratio of the volume of trades (deals) at cryptocurrency exchange per day (24h Volume) at the n dominant cryptocurrency to the sum of their market capitalization.

In the calculation of the index ZAK-3 Crypto , there are three dominant cryptocurrency, which was selected as Bitcoin, Ethereum and Ripple, as at the beginning of 2017, the market capitalization was the highest.

In the calculation of the index ZAK-5 Crypto takes into account the trading volume and market capitalization of the five cryptocurrencies: Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash. The index on the five currencies with the highest market capitalization at this moment (September 2017) is calculated from August 2017, as it is in August 2017 on a crypto currency exchange appeared cryptocurrency Bitcoin Cash resulting from the separation of bitcoin.



[i] Disclaimer disclaimer

Despite the fact that the information contained in this document is regarded as authentic, ICOBox makes no representations and gives no warranties, Express or implied, regarding its completeness or accuracy. The information presented in this document may include certain statements, estimates and projections. Such statements, estimates and projections reflect assumptions concerning anticipated ICOBox trends that can be realized or not. ICOBox refrains from making any representations as to the accuracy of such statements, estimates or projections, and actual results may differ materially from those discussed in such statements, estimates or projections.

The expected financial results may be affected by changes in economic and political conditions and other future events that cannot be forecast. ICOBox makes no representations or warranties regarding the feasibility of forecasts or data, information and assumptions contained in the document. Approval and evaluation, constitute our opinion, formed on the date of this report, and are subject to change without prior notice. This document has been prepared for information purposes only and does not constitute an offer to sell securities of cryptocurrencies or tokens, and also does not contain any recommendations or advice on investment in any particular company or assets.

ICOBox is not liable for any statements, Express or implied, contained in this document or excluded from it. ICOBox is a provider of SaaS solutions for companies that want to sell their product through the sale of tokens (ICO). ICOBox cooperates or seeks to do business with companies mentioned in its research reports, and acquires or wishes to acquire their assets.


China Central Bank sees the cryptocurrency potential risk to the yuan

China’s Central Bank said that the cryptocurrency this year will be one of its main priorities in the protection of the national currency.

The people’s Bank of China (PBoC) outlined his agenda for the coming year during a conference on monetary development in the course of which the Vice-Governor of PBoC fan Yifei (Fan Yifei) appreciated the progress in research and development made in the field of digital currencies in the Central Bank.

He also stressed that one of the three priorities for the regulator in 2018 will be to ensure the integrity of the Chinese yuan. For this, the official said, will strengthen regulatory measures both within the country and with external parties to “fix different types of cryptocurrency”.

From the comments of Vice-Governor of PBoC, it follows that the study plans of cryptocurrencies become part of the effort of the regulator in the review of projects that may threaten the financial stability of China.

We will remind, earlier the Governor of the PBoC Zhou Xiaochuan (Zhou Xiaochuan) criticized the decentralized cryptocurrency such as bitcoin, but noted that the authorities won’t rush to develop digital currency. In his opinion, issued by the Central Bank cryptocurrency will avoid speculation and focus on the “real economy”.

To release a digital currency supported by a Central Bank, has repeatedly called the Director of the research Institute of digital currencies the people’s Bank of China Yao Qian (Yao Qian), who believes that this should be done as soon as possible.


Decentralized CDN and anti-DDoS platform Gladius goes to ICO

Blockchain project Gladius engaged in the construction of a distributed network to protect against DDoS attacks and accelerate access to content websites, announced the release of the ICO. The developers have already released a closed alpha version of the product and are prepared to spend tocancel to raise funds for further development of the project.

15 Oct launched closed presales tokens GLA for accredited investors, and the beginning of the public sale is scheduled for November 24, 14:00 UTC. The target amount of the campaign is $25 million: $12.5 million is planned to involve in a private presale, and $12.5 million – in the upcoming public round.

Collected on the ICO funds will be distributed as follows:

  • 40% will go to product development,
  • 20% on operating costs
  • 20% on security
  • 10% – marketing
  • 10% – on legal support and expert advice.

The basis of the solution lies Gladius decentralized network, between nodes which distribute the load on the processing of incoming queries and data storage. Such a network is able to quickly analyze the traffic and block suspicious activity, speaking a kind of buffer between the potential attacker and the protected network Gladius websites.

In addition to protection, network Gladius provides web sites services content distribution system (Content Distribution Network, CDN). Due to the optimal forwarding requests, data caching and higher speed of exchange between the individual nodes within the network using a CDN can significantly reduce latency when loading web pages.

The concept of a layer is already used by the largest ofcan-industry players, such as Cloudflare, Akamai and Nexusguard. Innovation Gladius is the integration of this concept with bloccano Ethereum, which resulted in a fully decentralized ecosystem with the domestic economy and free competition.

Network Gladius enables users to monetize technical temporarily idle assets, and web sites – to use the services of protection against DDoS attacks and to speed up access at a great price. The cost and quality of service governed by the natural way in the framework of the free market.

Become a member Gladius can any PC owner. It’s enough to download and run a special client software package. For each processed query operators, nodes receive reward tokens GLA. These tokens are used by websites to charge for services within the network.

The release of the first version of the platform is scheduled for March 2018. It will include a fully working model with network systems, CDN and DDoS protection that can handle up to several gigabytes of traffic per second. The next step will be the scaling network necessary to support the several thousand websites.

In August 2018, the developers plan to release an enhanced version of the platform, and in December of the same year is expected to launch a third version with several improvements in the system CDN and other updates.


DigRate: draft Ammbr recognized as safe for investors

Rating Agency assessment of digital assets DigRate conducted an analysis of the project Ammbr, which plans to use the blockchain for the «Internet coverage in developing countries». The project received a rating of «A2»: moderately high probability of return on investment and average sensitivity to market conditions.

Ammbr plans to create the eponymous network based on blockchain technology and supports a number of wireless technologies: Wi-Fi, broadband (LTE) and the radio communications. The project developers are sure that the network created by modules Ammbr mesh make it possible to overcome the technological gap, which is particularly evident in the developing and inaccessible from a geographical point of view countries. It is assumed that the growth of the network will allow to decentralize the availability of the Internet connection that will save the market from the local monopoly and will lead to more flexible and competitive pricing.

Network Ammbr mesh provided by the operation of the blockchain network, which is to ensure the safe operation of your transactions and smart contracts. Tokens Ammbr will be used as a means of payment for the provided communication channel.

From the point of view DigRate, the obvious advantage of the project is the integration into the mesh network Ammbr third-party blockchain projects that popularitybut and will expand the functionality of the network infrastructure on the basis of Ammbr Mesh. Legal aspects Ammbr clear and do not cause much concern.

According to the developers, the project has major partners; the team Ammbr was able to enlist the official support of certain States, including Guinea-Bissau, Uganda, Republic of Congo, Gambia, Sierra Leone. However, this information is not confirmed by any documents.

There are negative aspects: the project became popular and received wide publicity in various social networks. Most news sources also bypassed Ammbr party not paying any attention to him. Probably, in this regard, the company engaged in a bounty program of the project that may improve the situation with social engagement for the better.

Overall, the project is able to achieve its goals. Popular idea, a technologically advanced solution, legal transparency, and competent team – all with a good scenario to provide Ammbr long-term competitive edge, DigRate.


Trading is the main goal. As FINTECH generates a vector of development of cryptocurrency

Given the rapidly increasing value of bitcoin in 2017, the last year we can consider it a honeymoon with the stock exchange, while the current year can be described as a period of crisis, a young couple, and other cryptocurrencies, many of which have lost more than half its market value.

Adaptation and control

Nevertheless, over the past six months, the crypt of seriously and permanently entrenched in the financial ecosystem. However, the necessary steps for the deployment and adaptation among other financial mechanisms occur with difficulty. Major brokers and government agencies still discussing about the mechanisms of integration of something so new for them in their existing framework.

Vice President, Greenwich Associates, Richard Johnson, specializing in markets and technologies, said that large amounts of capital are still rather reserved attitude towards investments in the crypt, exactly as in the case of innovations that are promoted in this direction to technical developers.

«For most financial institutions the adaptation of cryptocurrency is not the main priority. Still there is a feeling that the market is not Mature enough for mass adoption, and all innovations occur in the space of cryptocurrency, FINTECH. Regulatory uncertainty also leads to a desire to wait on the sidelines and watch it,» he said.

Such caution towards cryptocurrencies is due to the nervous reaction piatogo market imminent state control over what was conceived as a fully decentralized independent financial system. The consequences of this trend have not yet been addressed neither investors nor public institutions.

However, Johnson is still optimistic about the fate of cryptocurrency. «Government regulation in the short term — it’s just a headwind, a period of lull and uncertainty, but in the long run we will have a robust regulatory framework, providing a tailwind of innovation and adaptation», — concluded the expert.

It is noteworthy that many FINTECH companies are very interested in creating ways for direct access to cryptocurrencies.

«You can go for cryptocurrency, but one thing is undeniable — it is already a huge market, said Dennis Globa, CEO and co-founder of the graphics platform TradingView, explaining the purpose of the integration of the exchange Poloniex in their project. The volume of trading in the cryptosystem is already significant, but the platform still far from being as advanced as platforms for regular assets. So we decided that we simply must create a space».

Poloniex, launched in 2014 at the same time as the platform and BTCC is one of the few kryptomere, which became quite popular in cryptosuite.

Safety first

Ordinary users lack a convenient and practical shopping venues. «The inclusion of crypts in our platform due to the high demand from users looking for a way to better integrate the crypt to its financial research and trading habits», — said Konstantin Ivanov, CTO and co-founder of second TradingView.

«Kryptering demonstrate high volatility, which many consider an excellent opportunity easy to earn, — said Ivanov. — Trade (despite the name of our project) have never been our only goal since we are always focused on the analytical tools and social aspect. We want to be sure that people make informed, backed up by credible information for the decision, concluding a particular bargain. In addition, integration with Poloniex TradingView is designed to provide easy access to the crypt and to provide traders with a reliable trading channels. But anyway, trade is the main goal.»

Despite the experimental nature of their first steps in the field of exchange of cryptocurrency, the company has rather ambitious plans for the future, including connecting major traditional stock brokers.

«We pay great attention to security, so all our trading integration works via a direct connection from the browser to the broker without affecting our servers,» said technical Director. The fact that the broker is very important to have a modern WEB API / REST, eliminating any additional security threats. «So this is the only type of integration that we receive», — said Konstantin Ivanov.


Andrew Gurr: «Community-managers can be divided into two groups: they are either very expensive or they are very stupid»

Have you ever thought about who responds to your messages in the crypto-chats or chats ICO projects? All communications in the network doing the community managers. We asked the industry professional Andrew Gurara from Karma on how specialists build their working day, cope with the negativity from users and how to earn.

Before you start the conversation, let’s define the concept. Who are community Manager?

Community Manager — multi-role fighter without a clear functionality, which knows how to talk, understand the whole method of communication. This man wants to develop in any field. It is desirable to have skills in pr, social-media marketing, to know how to place and to make beautiful publications. In addition, community Manager — the referee crypto industry, which can resolve any disputes and issues.

It turns out that the community Manager blockchain startups does not differ from community Manager classic project?

In fact, Yes. Between the functional managers have a lot in common, only startup in the field of blockchain — this is a dual-startup: blockchain itself-the industry and your project. The area is so alive that every day there is something new. Therefore, all workers need the endurance and adaptability to changes.

Is it possible to do without a community Manager?

If crypto-project team of community managers, to explain the essence and the company will need by the founders that would take time away from more important tasks.

What are the qualities of a professional community Manager?

It should have all the qualities of the consultant in the store. A good consultant may discuss the choice of a product and, like a good psychologist may also ask about your Affairs, to discuss the weather and other stuff. Community Manager similarly must be able to communicate with third-party themes and need to understand crypto-industry and specialization of the project. For example, Finance, car, medicine and so on.

Do you have enough specialists on the market?

If that’s not enough, the good are always in demand. Generalists that can do everything, is not enough. Do all community managers can be divided into two groups: they are either very expensive or they are very stupid.

How to become a good specialist?

It’s better to start small: to understand cryptocurrency topics, to understand what the blockchain where this technology is used, how the process ICO. Then you need to come to the employer and to prove how useful you project. Will you try to chat, perhaps on a voluntary basis, to Express themselves, and then you will hear and take command.

You mention a very expensive community managers. How much money are these experts?

This is a tricky question, but not in terms of numbers, and due to the fact that everyone gets different depending on the project you are working with. Plus when the question about salary, you need to consider the country in which the company resides. In India, for example, the fee will be small, and in the US more than decent. A young specialist earns between $100 and professional experience, with own customer base may get along with the developer. Ceiling salary no.

How to build a work schedule?

All depends on the policy, which was adopted in the project. There are companies that have very large coverage, a huge global audience with users from different time zones. In such projects, the community Manager needs to communicate with the audience and answer questions 24/7.

What is the standard working day community Manager?

If we consider the community Manager, who must answer customer questions and promote the project on different channels or conferences, it is quite simple: he comes into the office, working his nine-hour shift and goes like many employees in the employment system. At the same position can work remotely. It is convenient for the employer and the Manager. According to this principle, employees may not work hours of 9 and 12, and parallel to do your household chores.

Which social networks do you recommend to use projects to communicate with their audience?

Many developers use Telegram. Through this messenger you can maintain a channel to organize chats for correspondence. There is still Bitcointalk — a forum where you can see all your records. There is no such quick responses, but people write great posts explaining the reasons for or the narrow issues of the project. Facebook, as a rule, used for personal correspondence, community Manager, and an individual user with a specific problem. Twitter has the opportunity to engage in a correspondence with influential people in the industry, to see the view of the users. Therefore, I advise you to have channels on all these sites.

To date, many projects there are several chat rooms on different topics. How is the removal of a particular subject in a separate group?

Usually it happens like this: you first create one chat for all languages where people speak English. Then there is a large flow of users, after which analysis know that there were a mixed audience from different countries. For the largest linguistic groups are separate chat rooms. At this time in the General chat, for example, began to constantly talk about speculation, to discuss the volatility of tokens. Heated discussions lead to the cluttering of chat, so themes are created for a large private correspondence, and all people who are interested in the subject and send. As a result, one project we receive multiple channels of correspondence with the various needs of the community.

Often, heated discussions escalate into insults. How to deal with the negativity that comes from users?

Volatile the stock market can have a negative impact on the emotional state of traders. If a person writes an angry or evil statements, it is necessary politely to calm down and figure out what it is linked to his discontent. If a user behaves inappropriately, swearing, spamming every three seconds, then you can click «ban» and temporarily bring people out of the public chat. To each person, and the case needs an individual approach.

But many users and community Manager one…

It is not so, he is not alone. There is a main community Manager — let’s call it head of Department, is subordinate linear experts, which are included in the Department. Four such worker can work simultaneously in a chat with 40-50 thousands of users. Each employee has their own role: one answers questions, the other looks for spam, third rewritten in private messages and solves problems, the fourth takes care of the promotion channel. So for one working period, one shift, one ethnic group missing four professionals. For example, 4 community Manager work for Chinese users, 4 on the English-speaking group, and 4 — on the Russian. Guide, focusing on the flow of users, forms chats that are necessary for their project. And then from torrent users change either the managers themselves or their tasks.

Can you tell me about how you struggled with the negative reviews of a specific example?

I have two interesting examples. Once the user has sent money to the project during the ICO, and its payment provider — a middleman who had to smuggle the sum into the project, completed the transaction with a zero. The man swore a long time, asked why we are so bad, stole his money, demanded to return them. About two weeks in broken Portuguese-English all tried to find the problem, which was the provider. We got to the point brotherly explanation, when I said, «Buddy, here’s a link to the blockchain, here’s your transaction, it says zero is a problem in the payment service that you used. Write them in support, because they didn’t send the money.» In the end, his contribution did not come in the round ICO. We gave bonus tokens as a consolation, because the case of zero transaction has been unique. After all that is happening, the man said thank you for what you did, and that was not a Scam.

The second story is linked to the public chat, where sits a large number of people. It was fun to watch a stream of angry messages after crypto-seals spammed radio network, and people have had big problems with transactions. To remove the panic we had to write and post large messages in chat with the message: «Dear, don’t worry, it is a common problem, the whole radio network is, wait a couple of days, soon all will be restored». That is, the community managers, myself included, were saying the same thing to everyone. The only way were able to calm everyone. Without these explanatory monotonous messages people was very angry and thought that the problems lie in the draft.

For some indicators should assess the effectiveness of the community Manager?

It is hard to evaluate only one employee. If you imagine one person and the conversion in the form of subscribers, each community Manager, you must assign a UTM tag is a unique link, which you can understand that this person has attracted a subscriber, and for each following you will need to assign an ID. Tools Facebook or Twitter do not give this intelligence. Therefore, the user is either subscribed, and community division is good or not — in this case, it is necessary to change the method of working and move on.

Do you think the Telegram lock in Russia will affect the popularity of this network?

We find ourselves in a situation in China where the firewall blocks the Telegram. The Chinese find ways around using VPN. Russian ordinary Telegram users now feel awkward, have to go back in the days of Jabber and ICQ.

Community managers administer Telegram is much simpler than WhatsApp or WeChat, where there can be only one administrator with very limited functions, for example, it is impossible to delete the message.

What are the alternatives Telegram to the crypto community do you see?

Alternatives to messenger is always. The same Jabber, Discord is a popular chat room in the West for ICO, where it is possible to parallelize all subjects through the channels. I think that all ICO will stick to this format of communication. People reluctantly, but get used to it. Will also be some underground conducting chats in Telegram via VPN or Proxy, it will be not convenient to log into chat from my phone.

Lock Telegram will affect the crypto-market. Information will walk slower and heavier people will have to adapt. But on the other hand, in the chat rooms will be less cheaters, because in the same limbo at the moment there are bots that can take away your money.

How do you see the future of the entire crypto industry? Are there any prospects?

Of course. The same bitcoin will change, evolving from legislation and technological factors. While the entire industry is imperfect, there are holes through which hackers steal coins. But if done in the mind, make friends with the regulators to accommodate the wishes of interested parties, all will be well.