Connect with us

Blockchain

SaTT’s ICO Hits Its Softcap of 3,360,000 USD – How Does the Future Hold?

The recent achievement of SaTT’s initial coin offering (ICO) is the talk of the town after the company broke the bank by collecting about $1 Million in less than 48 hrs. The company has managed to hit the minimum amount set (US $3,360,000) for the project to be successful and is now setting its sight

Read MoreRead More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

Avatar

Published

on

The recent achievement of SaTT’s initial coin offering (ICO) is the talk of the town after the company broke the bank by collecting about $1 Million in less than 48 hrs. The company has managed to hit the minimum amount set (US $3,360,000) for the project to be successful and is now setting its sight to reach the Hardcap.

According to its website, The SaTT is a utility token based on blockchain technology that allows the exchange of advertising and audience payment. SaTT which stands for Smart Advertising Transaction Token is now shooting for the stars after its new achievement. 

The project offers an innovative and new way of advertising based on blockchain, whereby advertisers and users can monetize their social media accounts via cryptocurrency. The company has already delivered their solutions on big hitters such as Twitter, Facebook, Instagram and Youtube. 

This feat comes after a prolonged bear run in the crypto market signaling a potential return to a bull market. 

Is this a comeback of ICOs in tech industries?

ICO were really popular in crypto related industries back in 2016. The year saw several tech-related companies choose ICO’s as their primary method of collecting funds. This was more pronounced in companies that relied on blockchain and heavily disrupted venture capitalism. 2018 saw a peak in investment coming from ICO’s with over $6 billion coming from ICO’s alone, supporting over 1000 projects. This trend, however, went into steady decline in 2019. But this year’s SaTT’s achievement with its SaTT’s tokens may signal another turn for the blockchain related markets. 

Can this achievement signal a comeback of the trend of using ICO’s to collect funds? Well, that is a long shot. The glorious achievement of SaTT’s tokens won’t save ICO’s. This can be attributed to several factors. Perhaps one of the main factors is well highlighted in Bloomberg study, which shows that over 80% percent of ICO’s are a scam. 

What is SaTT in the first place? 

The company, Atayen is behind the SaTT project, offers SaaS with some of the biggest clients such as Coca-Cola, McDonald’s, Netflix and has even made several Facebook applications.  

By around June of this year, SaTT had already launched it’s publishers’ monetization page. The goal of this page was centralized on allowing blockchain related projects and companies to get on the front page of the internet to communicate to potential clients.

The solution offers blockchain projects an opportunity to easily access a decentralized procedure to plan numerous propositions that best suit their project’s long term goals and mission. In this method, the users won’t have to use the services of third parties such as bounty managers well known in the crypto industry, or simply agencies. 

By using Blockchain’s smart contract procedure. SaTT completely revolutionizes the need to have these third-party agencies who have to audit the reward system. This decentralized form of advertising is bound to have an impact on the advertising industry as  a whole. So the question lies on the future of SaTT after just hitting it’s softcap and possibly realizing its goals. 

What’s next for SaTT?

After managing to hit its softcap, the next automatic move would be actualizing the project, which has now been made easier. The main goal of the project is to ensure a decentralized platform of advertising where transactions are instant, automated and safe. 

The completion of the project would mean that advertisers would be able to launch adverts in which other users can engage with by sharing the related content on their social networks. This would mean a shift in the advertising industry. 

SaTT would revolutionize the advertising industry in several ways and this is how. You see, traditional advertising is heavily reliant on centralization where companies have to deal with intermediaries in the form of advertising agencies or influencers, which is costly to advertisers. SaTT also leverages several advantages that come with the implementation of blockchain technology such as smart contracts. Smart contracts enhance transparency and security in transactions.

The solution has numerous advantages not only to the advertiser but to the users as well. SaTT allows users to engage with the content and by doing so they earn in the form of SaTT tokens in return. Yes, that’s right, the users can earn. Users of the platform are able to promote any product or service and in return they get rewarded with SaTT tokens, playing the role of an influencer. 

Like BTCMANAGER? Send us a tip!
Our Bitcoin Address: 3AbQrAyRsdM5NX5BQh8qWYePEpGjCYLCy4

Source: https://btcmanager.com/satt-ico-softcap-3360000-usd-future/

Blockchain

Bitcoin Halving: Definitive Guide (In Just 5 Minutes)

Republished by Plato

Published

on

Bitcoin halving is often referred to as “Halvening”, it’s a formulated reduction in the reward coins offered to the miners using a predefined blockchain algorithm.

Bitcoin halvings take place once in every four – 4 years approximately, or for every 210,000 block transactions.

The process of halvening started in the year 2012, approximately after 4 years of the invention of bitcoin i.e 2008, but practically bitcoins came into play in the year 2009.

After the first bitcoin halving, the block reward of 50 bitcoins per transaction were reduced to 25 bitcoins per block or transaction, later this reward was further reduced to 12.5 and it has now fallen to 6.25 after halvening in 2020.

The main idea of halvening is to create scarcity for the coins and to control inflation, as bitcoins issuance is limited to 21 million coins as per the idea of Satoshi Nakamoto, inventor of Bitcoin.

The production of 21 million bitcoins involves 32 halvenings, we are now done with two halvenings and this might continue till or come to an end in the year 2140.

Investors from all over the world are excited and waiting for the Bitcoin price to increase, and the demand for bitcoins in the online gambling industry is high. Bitcoins are widely accepted at Bitcoin Casinos as they collect deposits in the form of cryptocurrency from their players.

To know the overview of Bitcoin Halving (Just in minutes), check out the following infographic developed by Abishai James at WinBTC.net in partnership with ACMarket.

bitcoin halving
Continue Reading

Blockchain

Santiment Reveals Top 10 Ethereum Projects by Developer Activity

Republished by Plato

Published

on

Despite record highs for network charges in February, development on some of the industry’s leading Ethereum based projects has continued unabated.

The research stated that development activity is an often-underrated indicator of project success. It demonstrates the ongoing commitment to creating a working product, continuously polishing and upgrading its features, and staying true to the long-term roadmap.

The research focused solely on pure ERC-20 projects that are currently committed to developing on Ethereum. It has used 30-day Github activity to track development status and action.

The Ethereum Project Top Ten

At the top of the list for developer activity in February is the decentralized prediction market platform Gnosis. Despite a 28% slide in GNO token prices for the second half of the month, the Gnosis team has been busy working on the product.

Gnosis launched on the xDai Ethereum sidechain, joined the Open DeFi alliance, and launched a new collaborative grants initiative for Gnosis Safe Apps last month.

Status was the second most developed Ethereum based project with a number of updates for the open source mobile dApp browser and messenger. SNT prices hit a three-year high of $0.125 in February.

Virtual metaverse and NFT protocol Decentraland was third in the list of developer activity with a number of features introduced to improve user experiences.

DeFi synthetic asset protocol UMA came in fourth with two main focuses for the month; getting some major protocols out the door, and there was a collaboration with BadgerDAO.

Coming in at number five for developer action was Chainlink which announced the official mainnet launch of Off-Chain Reporting (OCR). This significantly improves the efficiency of how data is computed across Chainlink oracles, reducing operating costs by up to 90%, it added.

“The most immediate benefit to DeFi and its users will be a 10x increase in the amount of real-world data that can be made available to smart contract applications.”

DeFi Dominates

These were the five most developed platforms in the Ethereum ecosystem for February 2021, and they were dominated by DeFi.

Also featuring in the top ten list was Skale Network, a decentralized modular cloud for running Ethereum-based dApps. MakerDAO, which is consistently in the top ten for development, was in seventh place.

Decentralized data exchange protocol Ocean, computing sharing economy Golem, and analytics platform Santiment itself rounded out the top ten.

SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Source: https://cryptopotato.com/santiment-reveals-top-10-ethereum-projects-by-developer-activity/

Continue Reading

Blockchain

Blockchain in Sports Betting

Republished by Plato

Published

on

Wanna enter the Sports betting industry? Are you worried about the transactional data, security and entry charges?

Just relax and lean on to your chair. The amazing features of blockchain technology have reshaped the sports betting industry. It enhances safe and secure transactions as it is an open source decentralized network.

Basically, blockchain offers tremendous features like transparency, fast payouts, speedy transactions, independent in nature, etc. The most effective feature is the player’s account will not be restricted or blocked either personally or professionally  due to extreme winnings.

Blockchain is the most prominent technology ruling today’s betting industry. It’s advancement in the sports industry has laid a pavement for its enormous growth in recent times.

To get detailed information, checkout the following Infographic developed by WinBTC.net in Partnership with MrBet.me.uk.

Blockchain In Sports Betting Infographic
Continue Reading
Blockchain2 days ago

Why Mark Cuban is looking forward to Ethereum’s use cases

Blockchain2 days ago

Google Finance adds dedicated ‘crypto’ tab featuring Bitcoin, Ether, Litecoin

Blockchain5 days ago

Crypto Investment Fund to Sell $750M in Bitcoin for Cardano and Polkadot

Blockchain4 days ago

This was avoidable – The lost Bitcoin fortunes

Blockchain4 days ago

Economist warns of dystopia if ‘Bitcoin Aristocrats’ become reality

Blockchain3 days ago

Inverse Finance seizes tokens, ships code: Launches stablecoin lending protocol

Blockchain3 days ago

NBA Top Shot leads NFT explosion with $230M in sales

Blockchain4 days ago

Here are 6 DEX tokens that have seen exponential growth in 2021

Blockchain3 days ago

Korean Government To Levy Taxes On Bitcoin Capital Gains Starting 2022

Blockchain3 days ago

Litecoin, Monero, Dash Price Analysis: 28 February

Blockchain4 days ago

PARSIQ Integrates Solana Blockchain on its Platform

Blockchain4 days ago

XRP, STEEM, Enjin Price Analysis: 27 February

Blockchain3 days ago

3 reasons why Reef Finance, Bridge Mutual and Morpheus Network are rallying

Blockchain3 days ago

How KuCoin Shares (KCS) Can Create a Stream of Passive Income

Blockchain4 days ago

6 Questions for Kain Warwick of Synthetix

Blockchain2 days ago

Top 5 cryptocurrencies to watch this week: BTC, BNB, DOT, XEM, MIOTA

Blockchain4 days ago

‘Bitcoin could reach $1 million or $1, and may do both of those’

Blockchain3 days ago

Polkadot, Cosmos, Algorand Price Analysis: 28 February

Blockchain3 days ago

How did Bitcoin lending become so popular?

Blockchain4 days ago

What are the risks of trading cryptocurrencies?

Trending