Connect with us

Blockchain

Diko privacy cryptocurrency set for 11 March launch on Ethereum blockchain

Diko, a novel privacy-based cryptocurrency is set to go live on the Ethereum blockchain on March 11 2020. The digital currency allows people to send funds anonymously and simply via email just like PayPal. Diko is creating 20 million tokens via smart contract Diko is developing its own blockchain that will facilitate secure and confidential […]

The post Diko privacy cryptocurrency set for 11 March launch on Ethereum blockchain appeared first on coinweez.

Published

on

DIKO cryptocurrency

Diko, a novel privacy-based cryptocurrency is set to go live on the Ethereum blockchain on March 11 2020. The digital currency allows people to send funds anonymously and simply via email just like PayPal.

Diko is creating 20 million tokens via smart contract

Diko is developing its own blockchain that will facilitate secure and confidential transactions. They will also create a native cryptocurrency named DIKO coin for use in all transactions on the platform.

While their blockchain is under development, the team behind the anonymous cryptocurrency has decided to issue DIKO tokens on the Ethereum Blockchain. The DIKO token is an ERC20 token that works in the same way as it facilitates secure anonymous transactions via email. A total supply of 20 million DIKO tokens will be created via the smart contract that goes live on 11 March.

The motivations behind Ethereum-based DIKO Token

The decision to initially launch on Ethereum before migrating to an own blockchain is motivated by the desire to make the transformative technology publicly available soonest possible. Development of an entire blockchain is time consuming and expensive. The process itself may be quite challenging due to technicalities and complexity of blockchain development. These issues can result in lengthy delays and cost overruns that may impede the timely completion and launch of this much-needed technological innovation. In the quest for protecting people’s privacy, time is of the essence.

The Diko team understands there is need to move with speed in the provision of solutions that promote confidentiality and guarantee protection of people’s privacy in financial matters. That is why the team has decided to provide their solution initially on the Ethereum blockchain as they build their own blockchain.

This decision serves the following purposes.

  1. People do not have to wait any longer to be able to send money anonymously via email. They can use the Ethereum based Diko token which is publicly available with the same capabilities as the Diko blockchain.
  2. The development team gets enough time to build the blockchain and underlying payment system infrastructure. This will enable the creation of a solid and viable platform due to the reduced pressure of racing against time.
  3. The Ethereum-based platform will serve as a reliable reference point for gathering insights, feedback, and ideas while in the building process. The development team can study the usage data, conduct risk assessment, explore vulnerabilities and observe user preferences among others. These exercises can provide highly valuable information for improving the service and user experiences.

Ethereum-based solution is a placeholder

The Diko team is implementing their infrastructure on the Ethereum blockchain due to the ease of building application on the network through smart contracts. The smart contract has similar technological features as the Diko blockchain centered on the Zero Knowledge Proof (ZKP) system. This will ensure retention of all the capabilities and maintaining Diko’s strong dedication to achieving confidentiality for financial transactions. They remain committed to delivering a platform that not only supports anonymous transactions but also one that keeps user data safe and secure.

Diko’s long-term goal is to run the anonymous transactions platform its own blockchain. Therefore, all users and transaction details will be transferred to the Diko blockchain once its development is completed.

DIKO ICO

The project is planning to conduct an Initial Coin Offering (ICO) to raise funds for development, marketing, and support activities for the platform. The ICO will run through from April 1st to November 1st 2020 with the aim of selling 10,500,000 DIKO tokens. The price for each token is $2.62. The funds obtained from the ICO will facilitate the development, marketing, and operations of the Diko blockchain.

Grab this opportunity and be among the first to get on board this game changing initiative.

For more details and updates about the Diko project visit https://www.dikocoin.com/

Source: https://coinweez.com/diko-privacy-cryptocurrency-set-for-11-march-launch-on-ethereum-blockchain/?utm_source=rss&utm_medium=rss&utm_campaign=diko-privacy-cryptocurrency-set-for-11-march-launch-on-ethereum-blockchain

Blockchain

Cardano must remain above this level to revive from current lows or else…

Published

on

Cardano, following the lead of Bitcoin and Ethereum was falling today. In fact, in some ways, the third-generation coin has been following the second-generation coin. ADA’s price movement has been imitating ETH’s price action. It is important to consider what this means for the investors. We know they are hit by losses but how bad is that hit? Can they recover from it?

Cardano following Ethereum?

The coin has seen a consistent price fall in the same 5 day period as Ethereum did, falling by 15.08% at press time. At $2.12, things do not look good for ADA holders.

Cardano’s 15.08% drop | Source: TradingView – AMBCrypto

Those who bought ADA for around $2.41, are presently struggling to sell their holdings. As mentioned due to the price falling to $2.14 these people are dealing in losses. At the moment they represent 67% of all ADA investors.

The addresses in profits did not suffer much, however, but those at break-even did. These addresses went into losses and the total number of addresses in loss rose by 4%.

4% Cardano addresses move into losses | Source: Intotheblock – AMBCrypto

These losses further led to the average balance on every Cardano holders’ address dropping from $40k to $37k.

Cardano addresses’ average balance falls | Source: Intotheblock – AMBCrypto

So are there any hopes of recovery?

Hopes of recovery are alive but for that Cardano will have to maintain its strength somehow. Already its correlation to Bitcoin has dropped to 0.71. 

But that hasn’t stopped bullish investors from trying to gain as much profit as possible. The market books show a 16 million ADA worth $34.2 million higher demand for buying even during such a market.

Cardano continues to be bought | Source: Intotheblock – AMBCrypto

At present, $2 is the immediate and critical support. To minimize losses Cardano must remain above it as a fall from it could lead to further downfall.

Where to Invest?

Subscribe to our newsletter

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://ambcrypto.com/cardano-must-remain-above-this-level-to-revive-from-current-lows-or-else

Continue Reading

Blockchain

XRP, EOS, Chainlink Price Analysis: 20 September

Published

on

Broader crypto market sentiments remained quite bearish over the last 24 hours. The likes of XRP, EOS and Chainlink registered substantial losses.

XRP was trading below a dollar’s mark after over a month’s time. EOS lost 15.4% of its valuation and inched closer to its immediate support level. Lastly, Chainlink declined by 13.5% and was oversold after a gap of multiple months in between. 

XRP

XRP, EOS and Chainlink Price Analysis: 20 September

XRP/USD, TradingView

XRP depreciated 14.6% over the last 24 hours and was trading at $0.90. Immediate support level for the coin was at $0.77. 

Technical outlook suggested negative price action. MACD displayed red bars on the histograms. The Relative Strength Index was near the 20-mark indicating that XRP was oversold. Bollinger Bands diverged, suggesting that price volatility might be on the rise.

Conversely, if XRP’s buying pressure finds its way back, then the first resistance point stands at $1.06. Other price ceilings awaited the alt at $1.20 and $1.31 respectively. 

EOS

XRP, EOS and Chainlink Price Analysis: 20 September

EOS/USD, TradingView

EOS recorded a 15.4% fall over the last 24 hours and was trading at $4.26. The token had last traded around this price level over a month ago. A dip below the current price level could push EOS to trade at $3.90 support line. 

On the four-hour chart, the price of EOS was below the 20-SMA line. This reading meant that momentum belonged with the sellers. The Relative Strength Index was positioned inside the oversold territory.

Chaikin Money Flow was below the half-line as capital inflows also declined. MACD displayed red bars on the histogram. On the flipside, the first resistance mark for the coin was at $4.54. Additional price ceilings were at $5.10 and $5.48. 

Chainlink (LINK)

XRP, EOS and Chainlink Price Analysis: 20 September

LINK/USD, TradingView

Chainlink was priced at $24.07 after it plunged by 13.5% over the last 24 hours. Immediate support line was at $22.50, a price level it last touched on 11 August. The price of LINK was seen below the four-hour 20-SMA, indicating that price momentum belonged to the sellers. 

The Relative Strength Index was on a multi-month low. It was parked near the 20-mark signifying an oversold state. Awesome Oscillator displayed red signal bars. MACD flashed red bars on the histogram. 

In the event of a price reversal, LINK’s immediate resistance was at $27.78. Other resistance lines awaited LINK at $32.37 and $35.83.

Where to Invest?

Subscribe to our newsletter

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://ambcrypto.com/xrp-eos-chainlink-price-analysis-20-september

Continue Reading

Blockchain

Mapping Dogecoin’s retreat, as the horizon line recedes from $1 to $0.5 to…

Published

on

As most of the market’s coins have sort of recovered from the 7 September crash, DOGE is one of the few “top” alts that hasn’t shown any signs of revival. In fact, DOGE’s price has shrunk by more than 11% on both, the daily and weekly time window. On TradingView’s price chart, it was rather noticeable that DOGE’s price was positioned within its newly-formed descending channel.

Will DOGE bark anytime soon?

At the time of writing, it was noted that close to 60% of addresses that owned DOGE were in losses. IntoTheBlock’s Global In/Out of the Money indicator presented the same. On any given day, rising RoIs manage to attract new investors into the market. However, the current state of returns do not serve as an incentive.

Messari’s data highlighted quite an interesting trend with respect to the meme-coin’s network-value-t0-transaction ratio. This ratio gauges the  relationship between the market cap and the transfer volumes. When the NVT is high, it indicates that the network value is outpacing the value being transferred on the network.

Source: Messari

Usually such a trend tends to rub-off positively on the long-term valuation of any alt. The same has been observed with Ethereum per se. However, this has not been the case with DOGE. The alt’s price has always pumped when the the NVT has been low. On 15 August when DOGE’s price was at its $0.3 local top, the adjusted NVT was  as low as 33.96. Further, during the SNL saga when the price was at its ATH, the NVT was as low as 16.47.

As can be seen from the chart attached, the current level [333] is exorbitantly high, and as per the tradition, isn’t favorable to sustain DOGE’s rally.

Further, when the coin’s price slightly rallied in August, the development activity had started showing signs of revival. In fact, this metric witnessed a steep incline from 8 to 13 in a matter of 10 days in. Since then, the same has remained quite stagnant.

Having said that, it should also be noted that the active developer count has also been on the decline of late. At the time of writing, there was only 1 developer who was actively working. In fact, the submissions on the GitHub repository too has been pretty inert lately.

Source: Santiment

The collective sentiment at the time of writing was additionally bearish at press time. Thus, it doesn’t make sense to expect DOGE’s price to pump in the coming days. If DOGE manages to sustain its current levels, that itself would be equivalent to a victory for the meme-coin and its loyal community. In retrospect, the $0.5 benchmark too, just like $1, seems to be far from attainable at this point.

Where to Invest?

Subscribe to our newsletter

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://ambcrypto.com/mapping-doges-retreat-as-the-horizon-closes-in-from-1-to-0-5-to

Continue Reading
Uncategorized5 days ago

Wicked Craniums are now Nifty Gateway!

Uncategorized5 days ago

Acorns Hires Former Amazon Executive as President, Hints at Crypto Options

Uncategorized4 days ago

Swissquote Confirms European Expansion Plan, Focusing on Crypto

Uncategorized5 days ago

Head of Australian Crypto Exchange Says Regulations Are Beneficial

Blockchain5 days ago

Biggest Crypto Adoption Rumours: Apple, Amazon, and Walmart

Blockchain4 days ago

Massive NFT and Token Giveaway from Polker as Staking is Announced!

Blockchain5 days ago

The Signal and the Noise

News5 days ago

Evaluating Credit Card Debt Relief Options

Uncategorized4 days ago

Bingbon Launches its Carbon Free and Afforestation Project

Uncategorized4 days ago

Nickelodeon All-Star Brawl will include DLC fighters post-launch

News4 days ago

Gods Unchained and Guild of Guardians Layer 2 Solution Immutable Raises $60 Million

Blockchain5 days ago

What’s Behind Elrond (EGLD) Daily Surges?

Blockchain5 days ago

Public.com Inks Deal with NFL Star to Advise on Financial Literacy Programs

Blockchain2 days ago

Over 40 days after Ethereum’s EIP-1559, here’s where it stands

Uncategorized5 days ago

This needs to happen before Peter Schiff will buy Bitcoin (BTC)

Blockchain4 days ago

Opensea NFT marketplace Accuses Senior Employee of Insider Trading

Blockchain5 days ago

Venture Firm Raises $350 Million to Double Down on Its Cryptocurrency Involvement

Blockchain4 days ago

Grab a spot in Tomi’s presale by bagging an NFT – 260+ ETH raised!

Blockchain4 days ago

Kanga Exchange Partners with Tenset for an Exclusive Public Sale of KNG Token

Blockchain5 days ago

Cardano’s Successful Alonzo Upgrade Sees PolyMarket Lose Bet

Trending