DECOIN.IO reaches Soft Cap with exciting developments on the horizon

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The high growth rates recorded in the first half of 2018 were exceeded in June. In the last month, investor interest in ICOs that offer real added value to investors has increased enormously. DECOIN – an emerging blockchain-based trading and exchange platform that offers coin owners a share of the revenues – has achieved its own soft-cap fundraising goal.

“We are pleased to have achieved the USD 4,000,000 soft cap,” said Shay Perry, CEO of DECOIN. The community’s support has been fantastic and we will announce further developments of the project soon”.

Bitcoin Revolution at a glance

DECOIN is making big waves in the blockchain world by developing a platform that Bitcoin Revolution offers practical benefits to its users. The company’s blockchain, based on a Proof-of-Stake (PoS) algorithm, rewards user loyalty with a staking reward of 6.2 percent. The company will be available worldwide – with multilingual support in several international offices.

DTEP platform to be launched within the next 6 months
In addition to reaching the soft-cap milestone, the company will also be driving the development of the DECOIN Trading and Exchange Platform (DTEP) in the next phase of the roadmap. DTEP is expected to start in approximately 6 months, coinciding with the receipt of approval from the Monetarian Authority of Singapore (MAS). This important step will allow DTEP to operate under a regulated license.

Increasing interest in Bitcoin Trader crypto indices

DECOIN is also making significant progress in https://www.onlinebetrug.net/en/bitcoin-trader/ the development of the DECOIN Crypto Index (DCI). The team’s analysts analyse and research new projects that may be included in the index. All projects are thoroughly reviewed before a final decision on inclusion in the DCI is taken.

DECOIN has achieved some impressive initial results, and from the management’s point of view this is only the beginning of the project’s future track record.

“We have achieved our fundraising goal in the first phase, with the number of users we had hoped for for the project at that time,” Perry said. “There are international global funds interested in investing in DECOIN. We are delighted with this first successful step and are excited and very confident about the upcoming roadmap”.

Ripple took a hit at the British Parliament hearing.

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The UK Parliament’s Finance Ministers’ Committee held a hearing on Tuesday to discuss the various views on crypto currencies and blockchain. Ripple, the “bank crypto currency”, which aims to work with banks and governments, was particularly criticised for its confusing functionality.

Blockchain is just a fad

Moreso, Martin Walker, a director of the Center for Evidence-Based Management, called Blockchain nothing more than a fad in finance and rejected its use. It was primarily Walker who argued against the Blockchain technology, which is odd since the director was once a former product developer in the Blockchain R3 consortium. Walker claimed that the technologies would hardly solve inefficiencies in the financial sector, and criticized in particular Ripple’s current products.

Ripple’s defense included Director of Regulatory Relations Ryan Zagone, Dr Grammateia Kotsialou, Postdoc at King’s College London and Chris Taylor, Chief Operating Officer at Blockchain Startup Everledger.

Zagone said that Ripple’s main advantage is the fact that you can track money transfers. Walker replied, however, that the company’s model offered no more than the existing SWIFT messaging system. Walker not only had a problem with Ripple, but also targeted the idea of the blockchain in finance:

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“THERE’S A BIG PROBLEM IN THE BLOCKCHAIN WORLD WITH CONFUSING ‘COULD’ INSTEAD OF ‘IS’ STATEMENTS,” HE SAID AND ADDED: “ALL IT TAKES TO TURN A CREDIBLE IDEA INTO A FAD IS FOR PEOPLE TO JUST TURN OFF THEIR BRAINS AND STOP THINKING. OVER 20 YEARS IN AND AROUND BANKING, BLOCKCHAIN IS A FASHION PHENOMENON AND I HAVE SEEN MANY FASHION PHENOMENA IN MY CAREER.”

Hard prospects in the UK
The United Kingdom is not currently against crypto currencies, but it seems difficult to apply appropriate and fair regulations. The Governor of the Bank of England, Mark Carney, has already called Bitcoin a failed currency, and this recent presentation to Parliament does not bode well for the position of the British Government.

At the beginning of this hearing, however, it was stated that the intention was not to stifle the technology. Nick Morgan, the chairman of the committee, highlighted the importance of a healthy balance: