The investment sector has always been an industry where only the rich and privileged could truly gain the benefits from, leading to the industry’s glamorous reputation. Despite its fame, the sector has received constant criticism from many for its very high barriers to entry for potential investors.

For instance, the most promising investment opportunities are often limited to investors who can invest at least six figures, an amount that is too much for most of the world’s population. Investing in startups was the rage in past years but the common Joe and Jane were nowhere near the requirements needed to invest in these opportunities.

Because of how the investment sector is structured, the only viable investment option for regular individuals is in stocks but again, a large amount of money is needed to even turn a decent profit.

Some people invest in land or properties but the problem still remains—a sizable amount of money is needed as capital and there is no guarantee of success which means that the financial burden of the investor would increase over time which is a concern.

Aside from investments, the financial sector is also loaded with a series of issues that concern everyday users. As more scandals and leaks unfold in recent times, people are becoming more and more skeptical of the processes in banks and financial institutions that are often secluded and not transparent to the end user.

Instead, users are affected by banking processes that are inefficient, take long periods to complete, and are expensive in terms of administrative fees. These problems exist even in developed countries so one can imagine how worse it is in developing countries or regions like South-East Asia.

Thankfully, the introduction of the blockchain has done tremendously well in overcoming these problems and one of the companies massive strides is Cyronium, an Indonesian-based crypto asset project set to revolutionize the industry with its blockchain-powered solutions.

Cyronium is a crypto asset that aims to overcome weaknesses in the financial sector by creating an asset that enables individuals to invest and benefit from blockchain technologies.

What makes Cyronium unique is that the platform’s utility token, the CYRO token, is tied to the value of gold which protects the value of the token from bear markets and sudden price changes. This system also reduces the risks bore by crypto investors due to the volatile nature of cryptocurrency prices, making it an ideal option for individuals who are new to cryptocurrency investing.

Aside from investments, Cyronium plans to introduce a platform where SMEs have access to a variety of solutions including interest-free loans and business help to grow their businesses rapidly. The company will also integrate its technology with existing businesses to increase the adoption of the blockchain and Cyronium’s solutions.

Unlike most blockchain projects which are usually built on the Ethereum blockchain (ERC-20), Cyronium is based on NXT, a blockchain that places a huge emphasis on supporting financial applications while still retaining the benefits of other popular blockchains.

Other than providing complete financial solutions to users, Cyronium has a long-term goal to help the community with its aim to provide prosperity for the people. Cyronium also plans to overcome economic injustice and poverty with its solutions, a noble move that leaves Cyronium as of one of the best projects to look out for in the coming years.

Cyronium is led by Mardigu Wowiek Prasantyo, an extremely experienced entrepreneur and investor with an extensive background in the banking and mining industry. With Prasantyo’s leadership, the Cyronium team will hope to establish its goals and vision hence establishing itself as powerhouses in the region and globally.

As mentioned earlier, the CYRO token is linked to the value of gold. More specifically, each CYRO token is attached to 20 grams of gold as collateral which creates a token that never falls below the value of gold.

While the advantages of doing this may not be clear to new investors, tying the tokens to gold creates a situation where investors have their losses minimized which is especially important in the cryptocurrency market where prices can change rapidly and significantly in seconds.

Investors who own CYRO tokens can exchange CYRO with physical gold coins by selling it to the market or to Cyronium. These exchanged CYRO tokens are then removed from the circulation which prevents inflation and increases the value of the CYRO token due to scarcity.

To make the project accessible to everyone, the team has set an extremely low transaction capital of only 0.001 CYRO to access Cyronium’s features. This means that everyone from students to pensioners can now access previously limited investment opportunities thanks to the platform’s low barrier to entry.

Another feature of Cyronium is the team’s initiative in integrating blockchain technologies in businesses. With Cyronium, SMEs have the ability to conduct initial coin offerings (ICOs) through Cyronium as well as using the blockchain to improve existing processes.

Along the same lines of the previous paragraph, Cyronium also includes three physical assets-based coins in the ecosystem: TREE (plantation-based commodities), VOLKO (based on SMEs), and KAINAKO (based off buying, selling, and renting accommodations).

How this ecosystem works is simple; these coins are attached to the industry that it is based on which is best explained with an example from the Cyronium whitepaper itself.

Imagine that a farm owner wants to use the blockchain in his durian tree farm to improve efficiency. With Cyronium, the owner can tie each durian tree to a TREE coin which is then sold to interested investors. Once the durians are harvested, the profits are distributed fairly to investors according to the number of TREE coins they own.

This example is just a simple demonstration of the complex TREE coin ecosystem but it shows that with Cyronium, every party involved in the process enjoys the benefits of the platform equally. Of course, utilizing the blockchain would also mean implementing other technologies such as IoT and GPS systems which is exactly what Cyronium will do to improve the ecosystem.

In fact, farmers can even conduct their own ICOs to raise additional capital for their businesses—a unique feature that shows the flexibility of the platform in promoting the growth of SMEs. This also applies to the VOLKO and KAINAKO coin which are used in SMEs and accommodations respectively.

Cyronium has a ton of other impressive solutions, all of which can be read further in the platform’s official whitepaper.

Aside from the extremely low initial capital required to invest in Cyronium, the platform also boasts top-notch security practices which protect users from fraud and shady activities.

Extra security measures are also taken to prevent even the most devastating DDoS attacks and security breaches, making Cyronium as one of the most secure crypto assets in the industry.

Although there are ample features available in Cyronium, transaction fees are kept as low as possible meaning that customers will earn more and pay less when they perform transactions in Cyronium. The platform also promises same-day disbursements for the withdrawal of funds to bank accounts and digital wallets like Skrill or Neteller.

As the team understands that cryptocurrencies are new to most people, Cyronium has enlisted a dedicated customer service that is available round-the-clock to serve customers quickly and efficiently.

All of the advantages mentioned above combined with superior technological tools establishes Cyronium as one of the best, if not the best, blockchain projects to invest in today.

Cyronium is holding a token sale for the CYRO token, the platform’s official utility token.

Here are the details of the token sale:

Token name: CYRO

Token base: NXT

Maximum token supply: 50,000

Token sale duration: 26th May, 2018 – 27th July, 2018

Token sale target: –

Token exchange rate: $2,150 = 1 CYRO

Cyronium’s Website

Cyronium’s Whitepaper

The post Cyronium – Blockchain Platform For Financial Solutions Powered By A Gold-Backed Crypto Asset appeared first on ChipIn.

Today, moving on to a cashless society is expected and in many ways, needed especially when you take in the inefficiencies present in today’s financial systems.

People often refer to events like housing bubble crash a decade ago when talking about problems in the financial system but the bigger problems are in areas such as consumer banking and debt financing.

These problems are particularly evident in less developed regions like South East Asia, where only a staggering 27% of the region’s population has a bank account. Having such a high unbanked population naturally leads to low credit card adoption rates and other inefficient outcomes.

These are just some of the problems currently affecting the market; we’ve still not talked about the poor performance of payment solutions in the region either.

Merchants also face their own set of problems including fraud, low credit card acceptance rates among SMEs, and poor customer data analytics compared to the rest of the world.

All of the unfortunate events mentioned above presents a huge gap in the market for companies to fill and one promising blockchain startup is aiming to fill that gap.

Blocnation is a company that aims to deliver a full-suite of cashless payment solutions for emerging markets with the help of three core technologies: the blockchain, the Komodo Platform, and a relationship with PouchNATION, South-East Asia’s biggest digital payments solutions company and the industry leader of the region.

Although PouchNATION is only serving one region, for now, its partnership with Blocnation will allow the company’s solution to be supported across regions and eventually serving the world as the platform grows.

Blocnation is also the world’s first decentralized ICO (dICO), a revolutionary ICO model available only on Komodo.

A dICO provides total privacy to investors as anonymity is maintained and it also offers instantaneous transactions thanks to the platform’s atomic swap technology, a bonus that is always welcome in financial-based transactions.

The platform will gradually roll out its functionalities in a user-friendly mobile app that will allow users to gain access to the features of Blocnation.

Blocnation’s team is led by Graeme Perkins, the company’s CEO and a serial entrepreneur responsible for building several successful businesses in previous years before starting Blocnation.

Perkins, along with the company’s COO, Gino Jacinto, will take the helm at Blocnation for the team to deliver on their goals and produce satisfying outcomes for investors and the platform’s users.

The key to Blocnation’s features is the platform’s mobile app. The app will allow users to access all of Blocnation’s products and services such as trading coins, storing coins in wallets, as well as making transactions with BNTN tokens, the platform’s official cryptocurrency.

Blocnation will not only be served solely to end-consumers; businesses also benefit from the platform as there are services provided specifically for companies to improve their businesses processes (e.g cash flow management) with Blocnation’s technology.

At the same time, Blocnation will also be integrated with PouchNATION’s services. This means that users can use BNTN tokens to purchase event tickets, book venues, or perform any transactions available on the PouchNATION platform without any problems.

As the platform is built based on Komodo, Blocnation enjoys the benefit of increased security as Komodo reduces the chances of the platform being hacked to virtually zero.

As mentioned earlier, the platform will roll out its features in several stages or phases starting with:

Phase 1 – Holding and exchange

Blocnation will first offer a marketplace to cater to both traders and cryptocurrency holders. Users will be able to store multiple cryptocurrencies in their wallets but what makes the marketplace interesting is the 0% transaction fees applied to all transactions made on the marketplace.

Users will be able to trade or swap cryptocurrencies seamlessly thanks to the platform’s atomic and etomic swap technologies which also allows transactions to be processed extremely quick.

With this feature, users will be able to overcome obstacles present in today’s cryptocurrency exchanges in Blocnation’s easy-to-use marketplace and with zero transactions fees, users don’t lose any value at all in converting or trading coins.

Phase 2 – Events

Blocnation will also allow BNTN tokens to be used as a means to purchase tickets for events such as music festivals or sports events across South-East Asia. As mentioned earlier, this will be done in collaboration with PouchNATION’s services which will be integrated with the features available in Blocnation.

By using BNTN, users enjoy benefits such as lower ticket prices as there are little to no transaction fees applied to event tickets—all without causing any disadvantages to both users and clients.

To make the process hassle-free, there will be no extra registration or sign-up processes needed to use the ticketing feature.

An example of a use-case would be at concerts where wristbands are usually used for identification and payment purposes. With Blocnation, users can top-up their wristbands for events and when the event is over, any leftover balance will be automatically returned to the user’s wallet.

This also benefits clients as chargebacks are no longer a thing to worry about thanks to the platform’s token-based system. They can also choose to receive payments in BNTN or fiat while all received payments will be processed and credited to the clients instantly.

Phase 3 – Merchants

The platform will also enable support for merchants and related services which will allow BNTN tokens to be used as a payment method.

Blocnation will work with numerous merchants to allow users to pay for goods and services with BNTN tokens, hence allowing individuals who are unbanked or underbanked by traditional finance systems to enjoy the perks of cashless transactions.

Blocnation is launching its dICO for the BNTN token, the platform’s official utility token. BNTN will be used to power transactions on the platform’s ecosystem and used as the base coin for transactions in the exchange.

Token name: BNTN

Token base: Komodo

Token supply: 500,000,000 (max token supply)

Token sale duration: May 3rd, 2018 – June 3rd, 2018

Token sale target: $10,000,000 (soft cap) | $30,000,000 (hard cap)

Token exchange rate: 1 BNTN = $0.1625

Blocnation’s Website

Blocnation’s Whitepaper

The post Blocnation – The World’s First dICO For A Lifestyle Payment Ecosystem Built On The Blockchain appeared first on ChipIn.