Commerceblock, Ripple destroyer - Bringing the masses
CommerceBlock looks to be one of the more innovative token sales this year.It’s combination of a team with wide industry experience (founders from JPMorgan, Merrill Lynch and Zoc Doc) implementing technology widely supported in the crypto community has culminated in BIP175.
While Bitcoin has become a worldwide decentralised currency, when it comes to trade or barter we are still dependent on entities such as ebay or Amazon and the central banks. Because of privacy concerns, banks cannot connect private data with a public blockchain. Banks are in competition with one another and privacy must be their priority.
This problem can be solved through technology developed by CommerceBlock. As API vendors, they are totally transparent and accountable without insisting on any controlling influence.
“Our tech is there to bridge the old world with the new” Nicholas Gregory, CEO
Having worked in commodities trading and in the OTC space, and with support from the Bitcoin community, the CommerceBlock team have developed a contract to hash implementation. The intention is for this to be an open standard application available to other users. The CommerceBlock team have created an open standard BIP which can safely connect private data with a public blockchain. Rather like the intranets of the early 2000s the private blockchains created by banks are unnecessary. Decentralised finance has arrived!
“We strongly believe that technological proposals should be peer reviewed” Omar Shibli, CTO
BIP175 is now in draft form. The CommerceBlock team and community still have some ground to cover in order for BIP to become an industry standard. We are in a new era for ICOs and hopefully more of these type of projects will submit themselves for peer review before attempting fundraising. Transparency and peer review are essential in order for investors to know where they are placing their funds.
CommerceBlock can be one of the biggest success stories of the year. They bridge the gap between public blockchains such as Bitcoin/Ethereum and existing financial systems and has the potential to bring cryptocurrency to the mainstream.
Project information
The Technicals
- Initially 400.000.000 CommerceBlock (CB) tokens will be distributed, with a CAP of 25M $USD, averaging 4800BC per 1ETH invested, averaging the price/token at 0,0002075ETH per token. A measely 0,0625$ per token.
This makes me think (you better leave now as the room is about to get filled with smoke).
Ripple was able to hoard 9B market cap with that supply 
I have been announcing for months that the holy grail of Ripple was an old mug. The banks aren't forced to get involved in the coin. They will not pay 20c per XRP as shown. court case!
Analysis and Risk assessment
- Good technology (To be seen);
- Good looking team;
- Small Circulating supply;
- Capping the token sale at 25M $USD shows integrity and previous planning. (contrary to Electroneum)
On the short term this can be a 1500% gainer.
In the big picture might be something well needed and might help FIAT pour into Cryptocurrencies, wich is the kind of project needed to send cryptocurrency to the frontline of assets.
- I will be investing on this one for sure
(This post is a repost as I had 20 followers when I posted and I think it is very good information and a good & necessary project)
¿What do you think?
Leave a reply
@originalworks
The @OriginalWorks bot has determined this post by @gazur to be original material and upvoted it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
To enter this post into the daily RESTEEM contest, upvote this comment! The user with the most upvotes on their @OriginalWorks comment will win!
For more information, Click Here!
Special thanks to @reggaemuffin for being a supporter! Vote him as a witness to help make Steemit a better place!
Resteemed to over 5500 followers and 100% upvoted. Thank you for using my service!
Send 0.100 Steem or 0.100 Steem Dollar and the URL in the memo to use the bot.
Read here how the bot from Berlin works.
@resteem.bot
Thanks an interesting read. I was thinking XRP had the cat in the bag re inter bank transfers....but now I'm thinking maybe not.
XRP do have a head start, but things move so fast in crypto is the lead enough?
XRP was greedy by launching the tokens WAY too early... and now it's going to pay for it.... still XRP is poised for an ATH soon.... im not saying its dead xD
This post was resteemed by @resteembot!
Good Luck!
Curious? Check out:
The @resteembot users are a small but growing community.
Check out the other resteemed posts in resteembot's feed.
Some of them are truly great.
@reported has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Gazur from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
good luck
what do you mean?
So there is still time to stay in the game when it comes to bridging the gap between the cryptonical world ( I just made that up, sounds good) and the fiat one. I am very please to have read this article by you @gazur. Upvoted and followed. @originalworks
And probably other projects will appear next year. thanks for the support