ViaBTC holds first major Bitcoin Cash-based ICO

Posted 10 October, 2018

Crypto mining pool ViaBTC recorded the first major ICO via Wormhole and  Bitcoin Cash blockchain this Monday.

According to the news reports, the company offered ViaBTC Token (VIAT) and managed to get $30 million just in about 2 hours after the launch of the ICO. The total offer amounted to 2 billion of coins, with 750 million being already allocated during the offering round.

The company whitepaper reads:

"ViaBTC Token (VIAT) is an official value-added services and privileges scheme based on ViaBTC mining ecosystem. The token is issued on Wormhole protocol and the total VIAT supply is fixed at 2 billion."

The company noted that the new asset will open access to extra services, in particular as a benefit-token, a "gas" or a way to transfer the asset value. The users can use the token for additional discounts for mining fees as well as exclusive client support. Moreover, as the company pointed out, mining accessories, gifts or boosting services can be booked for VIATs.

"We will add more application and privileges to it so that its holders can participate in the planning of Viabtc operations, building and improving Viabtc ecosystem together with the Viabtc team," stated pool spokesperson.

In addition, the token is said to be released via so-called duo mining model, which means that miners may receive VIATs along with mining pool rewards. Notably, the release will be made in four stages.

The released document also says that the company plans to buy and burn with "20% of its quarterly revenue at the end of each quarter and VIAT holders are entitled with various privileges on ViaBTC."

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10 October, 2018 13:30

← US dollar rise slower in mid-week

The US dollar stays generally strong in mid-week. The US Dollar index rose to 95.41. For reference, the highest level of the past 7 weeks was recorded at 95.84 yesterday. The US Treasuries yield is at 3.225, slightly below the previously achieved peak over 7.5 years. However, the greenback remains in demand fueled by the anticipated faster revision of the interest rate. The US dollar-to-yen rate increased to 113.22. The euro has not changed much against the US dollar, reaching now $1.1492, while yesterday it touched a multi-week bottom. The sterling-to-US dollar rate slightly improved to 1.3147 getting some support from the recent reports that Brexit terms could be agreed next week.

US dollar rise slower in mid-week

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10 October, 2018 10:45

Poloniex run by Circle releases new trading apps →

Poloniex trading platform run by Circle company unveiled new mobile applications to boost crypto trading experience. The new applications come for iOS and Android devices and supports 9 languages. Circle has made huge work and investment to increase performance and support further growth of the exchange applying the corresponding experience and technical skills of the Circle team - a backlog of support tickets was reduced by 97%, with the bulk of the tickets being processed fast on the same day. Along with new apps, the exchange is pleased to announce the listing of four new coins (EOS, SNT, KNC, BAT, LOOM, QTUM) and stablecoin (USDC). At the same time, 18 assets were delisted as they failed to comply with the company requirements. 

Poloniex run by Circle releases new trading apps
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