Gen Z’ers, also known as Digital Natives, are more obsessed with brand loyalty than any other generation. Their loyalty to brands is largely centered around the incentives and social capital they receive from identifying with a brand – which is something the crypto/web 3 space encompasses.

Cryptocurrencies have given users a new way to earn without actually working. One of these methods of passive income through crypto are crypto reward programs, which reward users with crypto for small tasks like signing up, watching ads, or anything else that usually involves microtransactions. 

On that note, let’s learn how crypto rewards help win and maintain Gen Z brand loyalty;

What Are Crypto Reward Programs?

Crypto reward programs are systems set up by businesses to encourage customer engagement in cryptocurrency by introducing crypto incentives.

Crypto reward programs offer customers multiple avenues of earning crypto; this is especially popular with those that are interested in holding crypto for the long term.

Types Of Crypto Reward Programs

Crypto reward programs can take on different forms, here are a few;

Crypto Reward Card 

Another crypto reward program comes with the crypto credit card which offers users a percentage back based on the transactions made with the card. Reward cards are not a new concept but are now introduced into crypto with the crypto rewards cards. 

Crypto credit cards work like other credit cards the main difference being that transactions are made in cryptocurrency and crypto reward cards offer users crypto rewards for crypto spent on the card.

Staking

Staking involves committing your crypto assets to a blockchain as a means of verifying transactions. As a reward for staking you are offered cryptocurrency. It helps maintain the blockchain and is an easy way to earn interest on your crypto, it is also less complex when compared to mining.

Referrals

Another crypto reward program is the referral program, a lot of crypto exchange apps in order to bolster user engagement offer referral programs where you get crypto as a benefit of registering, getting people to register, and carrying out transactions on the platform, some also offer you free crypto transactions as rewards due to the fact that the charges for transferring cryptocurrency can be outrageous.

Crypto Games

Crypto games that allow players to earn crypto are also growing massively in popularity. Titles like Axie Infinity and Plant vs Undead can net players the occasional payout for playing their games. In these games, you can earn virtual NFTs (non-fungible tokens), which can be cashed out to a player’s crypto wallet.

Crypto Rewards and Gen Z Brand Loyalty

Brand loyalty is an important aspect of any industry. Over the years people have discovered that brands are built on loyal customers so what businesses do is offer their customers incentives so that they keep coming back. Loyal customers tend to purchase more and even refer other customers to the brand. 

Gen Z has been at the forefront of emerging technology and makes up most of the engagement in blockchain and decentralized finance. Therefore, it becomes imperative for brands to maintain the activities of Gen Z, and the best way to do so is through crypto rewards.

Start-ups use crypto rewards as a means of advertisement to increase brand awareness and consumer engagement, the benefit of crypto rewards which is earning without putting in so much work has been a major source of attraction to Gen Z ‘the generation of the future’ who love the idea of remote work and making money from home.

Crypto rewards have bolstered the usage of cryptocurrency, introduced new users, and has grown the crypto market while at the same time maintaining current Gen Z users. 

Interestingly enough, crypto rewards also encourage people in other generations to start using crypto. 

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post How Crypto Rewards Help Win and Keep Gen Z Brand Loyalty appeared first on OpenBusinessCouncil Directory.

Cryptocurrencies are all the rage right now, and for good reason. They offer a way to make transactions without the need for a third party, like a bank. This can be especially useful in countries with unstable economies or where the government has tight restrictions on currency exchanges. If you’re interested in getting into the cryptocurrency market, but don’t know where to start, don’t worry. There are plenty of ways to get started trading cryptos. Six of them are shared here. Here are 6 simple ways you can get into crypto trading .

6 Simple Ways You Can Get Into Crypto Trading

Use an online exchange

One of the simplest ways to get into crypto trading is to use an online exchange. There are a number of different online exchanges that you can use to start trading in cryptocurrencies. Some of the most popular exchanges include Coinbase, Kraken, and eToro. These platforms allow you to buy and sell cryptocurrencies using fiat currencies like USD or EUR.  Each exchange has its own set of procedures and requirements, so be sure to do your research before choosing one. To get your crypto day trading started smoothly, read reviews and recommendations on the best cryptocurrency exchanges. The popular ones mentioned here also have among the lowest trading fees, which can be attractive for beginners in crypto trading. There are two primary types of exchanges in cryptocurrencies – centralized and decentralized. The former, as mentioned earlier, allows buying cryptocurrencies with fiat money and has intuitive user interfaces that make them ideal for beginners. The latter, designed for advanced users who want to trade one crypto asset directly for another without going through a third party. Having these vital pieces of knowledge can help you select the best online crypto exchange.

Use a bitcoin broker

If you’re not interested in dealing with the hassle of setting up an account on an online exchange, you can also use a bitcoin broker. These platforms allow you to buy and sell cryptocurrencies without having to go through an exchange. Some popular brokers include Coinmama and LocalBitcoins. Using  a bitcoin broker to get into crypto trading is a great way to start out with crypto day trading. Brokers allow you to buy and sell cryptocurrencies without having to worry about setting up your own wallet or buying coins on an exchange. They offer a wide variety of payment methods. They also provide an easy-to-use platform and allow you to trade a variety of cryptocurrencies. Be sure to do your research before choosing a bitcoin broker, as not all of them are created equal.

Use a CFD broker

Another option for trading cryptocurrencies is to use a CFD broker. CFDs, or contracts for difference, are financial instruments that allow you to trade on the price of an asset without actually owning the asset. Many CFD brokers offer crypto trading, and some of the most popular ones include Plus500 and eToro. There are a number of CFD brokers that offer access to cryptocurrency markets, and many of them have been quick to add Bitcoin, Ethereum, and other cryptocurrencies to their offerings. Do you research first before choosing a CFD broker that is right for you? Look for brokers that are regulated by a financial authority such as the Financial Conduct Authority (FCA) in the UK or the Cyprus Securities and Exchange Commission (CySEC). Also check the reputation of the CFD brokers and try out their demo accounts if they offer one. Lastly, check their minimum deposit requirement and terms and conditions.

Trade on an open order book exchange

If you’re looking for a more hands-on approach to trading cryptos, you may want to consider using an open order book exchange. These exchanges allow you to trade cryptocurrencies directly with other users. This can be a great way to get a better deal on cryptos. Some popular open order book exchanges include IDEX and EtherDelta. Open order book exchanges are ideal for traders who want to get into crypto trading without having to research individual coins. They also provide a more user-friendly experience than traditional crypto exchanges, which can be confusing for beginners.

Use a P2P exchange

Another option for trading cryptocurrencies is to use a P2P exchange. These exchanges connect buyers and sellers of cryptocurrencies directly, without the need for a third party. This can be a great way to get a good price on cryptos. Some popular P2P exchanges include LocalBitcoins and Paxful.

Trade on a crypto-only exchange

Finally, if you’re looking to focus exclusively on cryptocurrencies, you may want to consider using a crypto-only exchange. These exchanges allow you to trade cryptos without the need for fiat currencies. Some of the most popular crypto-only exchanges include Binance and KuCoin.

So, there you have it. Six simple ways to get into crypto trading. Whichever method you choose, be sure to do your research first and make sure you understand the risks involved. Happy trading!

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post 6 Simple Ways You Can Get Into Crypto Trading appeared first on OpenBusinessCouncil Directory.

With the pace that industry has picked over the past year, it looks like Metaverse is soon to reach its full glory. The brightest and most successful businesses are aggressively trying to carve their niche in the space.  Here we discuss about 3 Metaverses making an impactful transition to the virtual world .

3 Metaverses Making An Impactful Transition To The Virtual World

Metaverse is a thrust into an immersive, almost like game-like world experience. It is considered to be the freshest version of the internet. Static 2D images are replaced by 3D virtual experiences. Imagination is the only limit of what could be done in this space. The metaverse may offer a whole array of experiences like shopping, learning, working, creating masterpieces of art and architecture, hanging out with friends and office colleagues, participating in DJ concerts, and whatnot.

The advent of the internet shrunk the world to just a click (of websites and blogs). Firms and organisations have been utilising this space for advertising and making their presence felt worldwide. Metaverse, however, is an intriguing new concept that offers a real-time presence in a three-dimensional world. It realises the unexplored digital experiences like virtual theme parks, shopping malls, and live music concerts.

“Imagine a day where guests can explore with pirates, train with heroes, dance with royalty, and visit a galaxy far, far away without ever leaving their home”, Tilak Mandadi, Chief Technology Officer, Disney.

Top and the most exclusive brands like Burberry, H&M, and Louis Vuitton have premiered their latest collections over Metaverse. Similarly, Grand Theft Auto, The Rockstar Games’ classic collection, recently launched a virtual casino.

Another innovative avenue where Metaverse could customize user preferences is: buying real estate property to create offices, entertainment venues and homes. Users can choose an avatar and enjoy new experiences, right from the comforts of their couch.

Let us delve into the top three Metaverses the world is talking about

Decentraland

Decentraland is a popular space built on Ethereum blockchain. One can purchase virtual real estate (known as LAND) as an NFT token. Decentraland’ ERC-20 cryptocurrency, MANA, could be spent or burnt in exchange for a parcel (measuring 16 meters by 16 meters, or 52ft by 52ft) of LAND. Also, MANA could be used for other products and services over its marketplace, a platform for trading and management of digital assets.

Without a wallet, one can explore the virtual world with a custom avatar, interacting with others over the space. However, to participate in virtual events and reward programs, a wallet is necessary.

Sandbox

SandBox is another popular Metaverse that was originally developed as a game for mobile phones in 2012. In 2018, it was acquired by Animoca Brands to develop a voxel-based blockchain game. The user can earn from their creations in the game. These creations could be game characters or accessories and are represented as assets. The assets are minted in the form of ERC-1155 tokens (act as fungible and non-fungible tokens).

More than 166K land pieces are available over the space, split into two categories- regular land (96 mts by 96 mts) and estates (a combination of several land pieces) for building exclusive online experiences. The convenient user interface allows creating in unimaginable ways even for those with no coding skills. Tools like VoxEdit and Game Maker are some of the ways to monetise unique creations. Building games, playing them, and creating assets are some of the ways to earn rewards and crypto. One could even export creations to the marketplace after the creator fund verifies them like an artist.

Enjin

Enjin is built on the Ethereum blockchain. The platform allows its users to interact, game, and create virtual collectibles (or assets). Enjin’s SDKs (Software Development Kits) aid the users to conveniently create digital assets and implement them in games and apps. Its intrinsic token, ENJ, is currently listed on major exchanges, like DEX. It was the first cryptocurrency created solely for online gamers and the gaming industry.

The platform could be used in creative ways by creating ENJ- backed digital assets. These could be NFT arts, items used in various video games, digital vouchers, or utilising the platform as a tokenized commercial real estate.

Metaverse is no more just a digitally isolated space. It blurs the boundaries between the virtual and the real worlds. Running on the blockchain, all transactions done at various platforms are transparent and immutable. Thus, the user investments for land and other creations and NFTs allows them to earn digital capital while keeping track of the same. In addition, it creates a creative space that allows (and rewards) self-expression.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post 3 Metaverses Making An Impactful Transition To The Virtual World appeared first on OpenBusinessCouncil Directory.

Tokenization is one of the rapidly developing dimensions, enabling investments in the form of digital tokens that are backed by real-world assets. Blockchain technology forms the core of this concept. LynKey ecosystem leverages the secured and immutable nature of the blockchain to facilitate the digital fractional ownership of real estate. This helps in securing the transaction and settlement records using its smart contracts feature.

LynKey is an “all in one” ecosystem that focuses on tokenizing the tourism and property industry. It aims to link the world with its advanced property technology, smart tourism, and blockchain, optimizing timesharing, prepaid lease, or licensing premium experiences at the vacation property. It promises a reward system for the loyal community over the ecosystem, having access to amenities and utilities to increase its prospects of customer satisfaction in an efficient manner.

LynKey’s cutting-edge marketplace offers an NFT platform where LYNK tokens can be exchanged for exquisite tourism experiences created within the network. With access to over US$8 million in property and tourism resorts, it promises to evolve the smart tourism industry with significant and innovative solutions in the future.

The ecosystem leverages emerging technological solutions to democratize and streamline the property transaction process, providing a more meaningful experience related to tourism or property. Moreover, the design of the project is based on the DeFi model, where the community and members mutually increase the prospects of making profits, while benefiting the management and operations of the ecosystem.

LynKey Tourism and Property Ecosystem

Backed by more than US$8 billion worth of the premium property and tourism assets in Vietnam, LynKey family proudly announces its top-tier projects- Crystal Holidays Harbour Van Don, Crystal Holidays Marina Phu Yen, Crystal Holidays Heritage Ly Son, Xuan Dai Bay, Van Don Heritage Road Smart City.

More interesting projects are soon to be added to the ecosystem as LynKey expands its span of influence to Singapore, Australia, and the other countries of the world.

LYNK: The utility token

While a security token secures the property and acts as a resource to build the trustworthy ecosystem, LynK (a utility token) goes beyond that dimension and offers access to the products and services to the LynKey members and tourists.

It could be conveniently accessed at various DEX and CEX platforms once the listing formalities are finalized. Additionally, reward and loyalty credits could be the other ways to earn LYNK to your wallets.

LYNK offers real-world value to every aspect of your holiday experience- a particular resort for a family vacation, upgrading a business trip, purchasing a timeshare, buying a resort experience, or securing your share of ownership, lease, or license in a premium property.

In this ecosystem, LYNK allows a frictionless experience for its users, ensuring every feature of smart tourism. With its evolution, the tokens will grow in value, facilitating the exchange of goods and services, especially the timeshare experiences like licensing and leasing your accommodation and earning upgrades.

In other words, LYNK offers smarter experiences for all- property developers, world travelers, or fractional owners of the premium vacation property. You could earn exclusive profits from a foreign market, or make your tourism experiences more yielding, not just limited to good memories. With the power of the blockchain, all this becomes unique and more enjoyable, hassle-free, transparent, and efficient.

How can you use LYNK?

The fungible token, LYNK, can be used to buy tourism products and services within the ecosystem. Here are some of the examples:

Travel bookings: You can book your air tickets and local transfers in the most transparent and reliable way.

Lodging and Accommodation: Resort and hotel stays at your favorite holiday property. Further, you could get upgrades and complimentary offers to make your stay a world-class experience.

Leisure and entertainment: Pay for premium city guide services, spa experiences, desert safaris, cruises, resort tours, adventure sports, and many more engaging activities while making your stay the most memorable one.

Food and dining: Dine at LynKey’s most premium partner restaurants and food outlets to avail exclusive benefits and rewards.

Additional benefits include hassle-free visa processing, access to exclusive lounges, and many more.

Further, LynKey takes pride in its point-based reward system for loyal members that involve the transfer of LYNK tokens directly to the holder’s wallet.

In addition, the NFTs created for exclusive tourism experiences could also be traded over the secondary markets. And lastly, you could also get involved in various other DeFi protocol-based transactions to increase your share of the profits.

Tokenization is rapidly gaining traction in the real estate sector. The traditional real estate institutions are, apparently, partnering with technology providers, exploring the tokenization of debt or equity. The real estate investment is expected to be invigorated with the increased access to quality property assets for the investors as more and more technology-backed real estate projects come to fruition.

Technology providers will in turn benefit from quality asset origination as well as the financial expertise of an expanding network of traditional real estate stakeholders. LynKey’s revolutionizing ecosystem has the potential to bring a new world of real estate investment featuring increased choice and flexibility for all stakeholders, but it will be a group effort to get there. It is further strengthened with the power of smart contracts, providing a robust marketplace for secured transactions.

Conclusion

The innovative solutions proposed by LynKey are the harmonic combination of classical methods for property transactions and the immense potential of the most progressive and modern achievements of the digital economy.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post LynKey Tokenizes Premium Holiday Properties With LYNK appeared first on OpenBusinessCouncil Directory.

While NFTs are gradually taking up across all the industries- art, architecture, sports, entertainment, adventure, leisure, and many more, LynKey provides an innovative way that strategically employs the trust and reliability of the blockchain principles for a luxurious holiday experience.

LynK, the utility token bestows the holder with ownership rights over the vacation property under the timesharing scheme of investment. With the reliability of smart contracts, the project opens a window of opportunities for travelers and service providers for a profit-yielding travel business.

How LynKey can revolutionize the travel industry?

The travel industry is expected to start back on its trajectory by 2022, to regain its full momentum by 2025. Tourism can be empowered with NFTs where suppliers can create, store, and sell their services in the form of NFTs over the LynKey platform. It utilizes deflationary utility LynK token to issue or claim the NFTs.

With products like wallet and marketplace, LynKey community is used as a ledger that transparently reflects the bookings made over this network. Further, all the related and popular details are suggested to the user for an exquisite holiday experience. Moreover, all this is done most securely, with no chances of being tampered with by anyone. Not just that, you do not even need to involve any middleman or third party to accomplish all this!

Some of the key goals of the platform include the following

• Creating innovative opportunities for travellers, hotel and hospitality operators, and other tourism service providers. This would ease the recovery of the tourism post-pandemic phase.

• Spreading awareness about the cryptocurrency among the suppliers and travellers, and expanding the markets for NFTs and timeshare

• Linking the market strategists with as many verticals as possible, creating an interconnected network of business to build a healthy ecosystem.

Further, LynKey’s reward program would benefit you every time you get yourself involved in any of the platform’s products. Stay tuned for the latest updates

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Blockchain Solutions For Timesharing In Vietnam With LynKey appeared first on OpenBusinessCouncil Directory.

Cryptocurrency has gained plenty of first-time investors in the previous year. In a recent survey hosted by CNBC, 65% of respondents claimed that they only started acquiring decentralized financial tokens in 2020. Forbes also reported that about 15% of adult Americans own cryptocurrencies, and more than half of them got into the asset class last year. This surge in demand just demonstrates how far cryptocurrencies have come since the first decentralized coin, Bitcoin (BTC), was released in 2009.

Despite the recent boom in cryptocurrency trading and mining, would-be investors will find that they still have plenty of promising investment options if they start getting into the cryptocurrency scene today. Still, it’s important to get to know the terms that you’ll encounter as you start buying, selling, or mining cryptocurrency. Before you invest in an ASIC miner, open a Monero wallet, or start exchanging your fiat currency, get to know these frequently used crypto terms first.

Address

A unique identifier that serves as the virtual location where a cryptocurrency should be sent to.

Altcoin

A portmanteau of “alternative” and “coin”, altcoins refer to cryptocurrencies other than Bitcoin.

Application Specific Integrated Circuit (ASIC)

Electronic circuits that are specifically built for the single purpose of mining cryptocurrencies.

Authentication

The process of verifying that someone or something is exactly who or what they claim to be.

Blockchain

The digital ledger that contains all records of the transactions that use a particular cryptocurrency.

Bounty

The reward that users receive upon completing a task for a project or a given blockchain.

Censorship Resistance

The property of a cryptocurrency to resist an entity’s effort to alter transactions using the said coin.

Circulating Supply

The number of coins or tokens that are circulating the market and are available to the public.

Dead Coin

A cryptocurrency that has been abandoned, used in a scam, has no nodes, or that no longer exists.

Decentralized Finance

A financial network that operates independent of central financial intermediaries like banks, brokerages, or exchanges.

Encryption

The practice and study of techniques that secure and obscure information and communication.

Exchange

A platform that facilitates the exchange of cryptocurrencies and other types of assets, like cash.

Fiat

A currency with no intrinsic value and is not backed by physical goods, like paper bills.

Fork

A split in the blockchain network that happens when parties disagree on the network’s common rules and how the community should move forward. This often results in alternative chains.

Fungible

Goods or commodities are said to be fungible when they are indistinguishable and completely interchangeable with other individual units that belong to the same category of items.

Gas

The fee paid when making a transaction on a blockchain. Faster transactions command higher gas fees, while slower transactions have lower fees.

Hash

The output of a hashing algorithm, hashes have a unique, fixed-length string. The implementation of hash functions prevents fraudulent transactions, double spending, and password storage.

Initial Coin Offering (ICO)

Much like an Initial Public Offering (IPO), an ICO is a means of getting additional funding. Typically, anyone can participate in an ICO, as this activity is often done through crowdsourcing.

Ledger

This refers to an immutable record of financial transactions. Except for adding new transactions, this record cannot be changed or modified.

Market Capitalization
The total value of the cryptocurrency. This number is calculated by multiplying the share price with the number of outstanding shares.

Mining

The process of generating new tokens by solving cryptographic equations, which also adds transactional information to the blockchain.

Node
The most basic unit in a blockchain infrastructure that is capable of storing data. Basically, it is a computer that can connect to the cryptocurrency network and perform specific functions on it.

Non-Fungible Tokens (NFT)
A unique asset that is non-fungible or cannot be replaced with other units that are similar to it. Often in the form of digital artwork, NFTs are verified and stored using blockchain technology.

Open Source

Keeping records so that they remain transparent, public, and less likely to be tampered with.

Private Key

Also known as a secret key, this code is paired with a public key to decrypt the information that the said public key has hashed.

Proof-of-Work

A consensus mechanism for blockchains that makes use of solving cryptographic puzzles to validate transactions and to generate new cryptocurrency tokens.

Proof-of-Stake

A consensus mechanism that depends on the user’s number of coins or tokens to mine or validate transactions.

Public Key

A set of alphanumeric characters that turns plaintext into cipher text. It is paired with a private key to decrypt the information it has obscured.

Satoshi Nakamoto

The pseudonym used by the entity responsible for the creation of Bitcoin.

Timestamp

Identifies when a particular transaction occurred.

Token

A cryptocurrency unit that’s designed to be used. It gives crypto users access to larger crypto-based finance systems.

Total Supply

The total number of cryptocurrency units that currently exist, discounting those that have yet to be mined.

Trading Volume

The total amount of cryptocurrency that has been traded within the last 24 hours.

Wallet

The place where people store their cryptocurrencies.

Whitepaper

A document that details the technical aspects of a crypto project, detailing the currency’s concept, development, and possible trajectory.

There are plenty of other words that would-be crypto investors have to take note of. However, this list should enable you to get a good grasp of the terms that you’ll encounter while learning about cryptocurrencies.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Lexicon of Crypto Terms appeared first on OpenBusinessCouncil Directory.

BLOCKCHANCE Europe 2021, the leading conference in the blockchain and crypto sphere in Europe got the green light to take place in person under the newly established 2G health rules. The 2G-option allows people that are either vaccinated or have recovered to attend large events under less stringent conditions. Attendees will come together on 2-4 December 2021 in Hamburg, without having to adhere to strict distancing.

“These are great news,” says Fabian Friedrich, Founder and CEO of BLOCKCHANCE. “As BLOCKCHANCE is probably the largest event in the blockchain ecosystem coming up this year, being able to meet face-to-face, join lively discussions and maximize the networking potential of our conference is priceless.”

Virtual ticket holders can follow different live streams (via the Whova App) and video-chat with other attendees and sponsors. The app offers many features to round off the virtual experience. Much of the blockchain community in Europe and beyond is waiting to engage widely as growth of blockchain and other emerging technologies has skyrocketed.

 “BLOCKCHANCE is a gateway to the entire blockchain world. Although anyone can join virtually from anywhere, we expect two thirds of all attendees to come to Hamburg.”

World-class speakers

BLOCKCHANCE regularly attracts some of the most influential thought leaders. Among this year’s speakers are household names such as Michael Saylor, Co-Founder of Microstrategy, Joseph Lubin, Co-Founder of Ethereum and Raoul Pal, Co-Founder of Real Vision – the Netflix of Finance.

“Notwithstanding the pandemic we have been able to attract inspiring people, from sectors such as banking, digital payments, crypto-trading, artificial intelligence, and politics.”

A blockchain-future for sustainable economies

The mission of BLOCKCHANCE is to educate society about the economic prospects and impact of blockchain for a positive future. BLOCKCHANCE Europe as an event connects business, civil society, and investors with developers of innovative blockchain solutions. The event creates networks and functions as a matchmaking platform for business leaders, developers, entrepreneurs, politicians, and investors from all over the world. 20% of the participants are CEOs or executives.

The 3-day event offers presentations, panels, workshops, complementary IT-courses, a blockchain cinema, a start-up award (up to EUR 100,000), parties, and an art gallery. Key topics are blockchain technology use cases, digital assets, sustainability, governance, token economy, digital banking, and AI.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Europe’s Leading Blockchain Event: ‘BLOCKCHANCE EUROPE 2021’ Returns Under 2G Health Rules appeared first on OpenBusinessCouncil Directory.

The Hedera Governing Council, the group of diverse organizations responsible for stewarding the Hedera network, has announced the approval of a plan to allocate 10.7 billion hbars (approximately 20% of total supply), currently worth US $5 billion as of September 16th, 2021, towards the development of the Hedera ecosystem. The resolution was approved at the July 14th Governing Council meeting, at which time the value of the allocation was approximately US $2 billion.

Hedera’s Governing Council has initially earmarked up to 5.35 billion hbars, worth approximately US $2.5 billion as of Sept 16th, to the newly established independent HBAR Foundation. The HBAR Foundation will have autonomy over the administration, development, and deployment of its hbar distributions, and will provide grants to developers, startups, and other organizations to accelerate the development and adoption of the Hedera network for a wide variety of applications in decentralized finance (DeFi), non-fungible tokens (NFTs), Central Bank Digital Currencies (CBDCs), gaming and other industries. The HBAR Foundation will be led by Shayne Higdon, a hands-on enterprise software executive with significant venture capital and private equity experience, having led 40+ M&A and corporate venture transactions in areas such as SaaS, multi-cloud, application performance, and identity management.

“The Hedera network is the most widely used public ledger in the world, and with the establishment of the HBAR Foundation we aim to drive exponential adoption, growth, and value,” said Shayne Higdon, Executive Director and CEO of the HBAR Foundation. “Our mission is to fund a future where entrepreneurs form digitally-native economies and ecosystems, controlling their own assets, identities, data, marketplaces, and more. We are excited to engage with and support organizations and teams that share this vision.” 

The remainder of the allocation will be designated for partnerships and other initiatives designed to strengthen the development of the Hedera ecosystem. Hbar to be allocated to these initiatives will be moved from Hedera Treasury accounts.

Hedera’s Governing Council currently comprises 23 organizations from around the world, and is the most diverse by sector and geography of any public decentralized network. Participating organizations are responsible for governing the network (including treasury allocation) and operating nodes. Hedera network nodes, which are hosted by individual Council Members, now exist on every continent except Antarctica.

“We believe that for the Hedera network to reach its full potential as the trust layer of the internet, we must continue its strategy of decentralizing the governance of the ecosystem, which started with its unique Hedera Governing Council structure,” said Mark Radcliffe, Partner at DLA Piper, a member of the Hedera Governing Council. “Our aim with the transfer of these assets is to ensure that decisions about the growth of the network will continue to be further decentralized through the role of the independent HBAR Foundation.”

“Two years have passed since Open Access, and the Hedera network is now the most used, energy-efficient, enterprise-grade public ledger on the market,” said Mance Harmon, CEO of Hedera Hashgraph. “In our mission to make the Hedera network the de facto standard for the decentralized economy, it is now time to empower additional organizations to speed up network adoption. We are pleased that the Hedera Governing Council has made such a significant commitment to accelerate the decentralized growth and usage of the network.”

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post DeFi Adoption: Hedera Governing Council to Allocate $5 Billion in HBAR to Independent Foundation and Ecosystem Development Initiatives appeared first on OpenBusinessCouncil Directory.

Daniel Liu Interview Focus

1. Can you tell us about your background and education?

2. Career highlights – How did you come across blockchain and cryptocurrencies?

3. About INFLUXO, organisations and focus?

4. How did you approach football legend Ronaldinho and decided to create an NFT based on him?

5. What are your views of today’s China blockchain and crypto ecosystem?

6. What are your views on NFTs?

7. What are the types of NFTs you think will bring more attention and hype?

8. In your opinion, what are the challenges NFTs face?

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Daniel Liu Biography

Daniel Liu studied Business in Germany, in Frankfurt and in Stuttgart. Starting off in the financial sector, Daniel secured a position in Deutsche Bank. After a while and from his involvement in the financial industry, he discovered blockchain and cryptocurrencies.

That first experience with blockchain took him to investigate and research more in these two technologies. He then decided to move back to China and become an entrepreneur working with blockchain and cryptocurrency projects. Back in Asia, he took roles in different companies as asset manager, compliance and angel investor, adding it to his experience in the blockchain space.

Daniel Liu went on to co-found INFLUXO, a premier NFT creative studio and partner of INBlockchain. Through INBlockchain, one of the most influential investment groups in the Asian crypto space, incubating blockchain projects like BigONE, RumSystem, MobileCoin, and Mixin, Daniel got in touch with celebrities and different athletes to propose them creating NFTs based on them. That is how they got to create a series of NFTs with Football Legend Ronaldinho.

Vision

About NFT Ronaldinho NFT collection

“INFLUXO is breaking the mold as far as NFT platforms by making the process from creation to auction easier than ever before with unprecedented opportunities to own virtual collectibles that lead to real world experiences,” said Daniel Liu, partner at INBlockchain and CEO of INFLUXO. “Our trusted platform, seamless user experience and trusted team of investors and developers has allowed us to secure Ronaldinho for the platform’s first collection and we’re thrilled to show what’s in store for the future of digital collectibles.”

The Ronaldinho NFTs collection details and prices

“The live auction and also the stock-share for the Ronaldhino’s masterpieces and his unique magic sport series cards will be announced, I believe, at the end of this month, or at the start of next month. So there will be two product lines for this special INFLUXO Ronaldhino auctions: there will be, first, masterpieces, and the second is the magic sport card series. The masterpieces are kind of masterpieces NFTs and they will be available for the auction. The starting price is 20k USDT, so people should pay in USDT. But of course, we provide a very easy and convenient crypto credit card payment system for you to purchase cryptos from the credit cards in the unit of USDT. So they are going to bid for those masterpieces. So that’s one kind. And also another product line is the magic sport series magic cards and those card editions depicting Ronaldinho different kinds of sports, so not only just football, but also his favourite sports like e-sports.”

How INFLUXO’s NFT Creative Process Works

“In terms of the Ronaldhino collection, Ronaldhino, he granted us the IP, the image rights, the likeness rights of his NFTs, and then, we searched for artists, for how we can take those IPs into  the real products. So that’s our working process. And then we will put those NFTs into our own marketplaces and of course, we are in talks with other big NFT marketplaces like OpenSea and NFTGateway to finance those NFTs and to issue those NFTs. So INFLUXO, in this value chain creation process, we are an issuer, so we are an issuer like Paramount or other filmmakers.” 

About INFLUXO

Summary

INFLUXO is a premier NFT creative studio with its own integrated marketplace, backed by a team of investors including INBlockchain, an investment group dominating the Asian blockchain space and technologies from BigONE, a global cryptocurrency exchange that provides a platform for trading various cryptocurrencies.

Story

INFLUXO caters to producing quality collectible collections and one-of-a-kind masterpieces in select collaborations with sports and entertainment personalities to generate exclusive opportunities between devoted supporters and featured collaborators. Backed by a team of investors including INBlockchain, an investment group dominating the Asian blockchain space and technologies from BigONE, a global digital asset trading platform, INFLUXO is a pioneer of the future of digital collectibles. The INFLUXO Marketplace features robust payments rails, a proprietary NFT wallet and a secured bidding history as well as transactions on the Ethereum and RumSystem blockchain, which help the platform serve as an intersection of the metaverse and the universe.

INFLUXO’s main function is to serve as a trusted partner to influential clients, providing complete digital asset solutions for creating a unique NFT experience for star athletes, entertainers and their fans. The tech-driven creative studio capitalizes on working with top-tier production designers to create individually crafted masterpieces as well as collectable items to be sold on its Marketplace during a live auction. The first collection, INFLUXO x Ronaldinho, will feature exclusive pieces featuring the Brazilian soccer star, with additional collections to be announced at a later date.

INFLUXO caters to producing officially licensed collectible editions and one-of-a-kind masterpieces in select collaborations with sports and entertainment personalities to generate exclusive opportunities between devoted supporters and featured collaborators. INFLUXO aims to release virtual NFT, tangible collectibles and experiences of celebrities to link the virtual and real world.

Daniel Liu Links and Sources

https://www.intelligenthq.com/football-legend-ronaldinho-goes-blockchain-will-star-nft-collection-created-influxo/

https://influxo.com/

https://finance.yahoo.com/news/nft-studio-marketplace-influxo-launches-140000626.html?guccounter=1

https://www.globenewswire.com/news-release/2021/07/29/2271469/0/en/NFT-Studio-and-Marketplace-INFLUXO-Launches-with-a-Collection-Featuring-Two-Time-FIFA-World-Player-of-the-Year-Ronaldinho.html

https://www.inblockchain.com/

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4IR: AI Blockchain Fintech IoT Reinventing a Nation by Dinis Guarda and Rais Hussin (4irbook.com)

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Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Interview with Daniel Liu – Co-Founder of NFT Creative Studio INFLUXO – Creating The Ronaldinho NFT Collection appeared first on OpenBusinessCouncil Directory.

Leemon Baird Interview Focus

1. An introduction from you – background, academic background education… 

2. Can you tell us the history and about Hedera Hashgraph company / companies, organisations and focus?

3. What is the difference between Hashgraph and most of the other blockchain solutions

4. What is the difference between the public ledger of Hashgraph and other traditional blockchains?

5. You have some impressive network of global corporations and organisations using you that includes from the first fourteen Hedera Governing Council Members include: Boeing, Deutsche Telekom, DLA Piper, FIS (WorldPay), Google, IBM, LG, Magalu, Nomura, Swirlds, Tata Communications, University College London (UCL), and Wipro. Can you tell us about the ecosystem and some case studies?

6. One of your council partners DLA Piper is leveraging the Hedera Hashgraph to create a tokenization solution. Can you tell us some of what has been done in these areas, especially on related solutions like NFT and related?

7. Ethereum created a big community of developers that made it a massive platform and leading blockchain. How are you fostering your community?

8. Can you tell us about HBAR https://coinmarketcap.com/currencies/hedera-hashgraph/ is the native cryptocurrency of the Hedera public network. How is Hbars used to power decentralized applications and protect the network from malicious actors?

9. Hedera will host an auction for two physical HBAR coins, represented by NFTs on the Hedera network, with all proceeds going to the Women’s Homeless Shelter in Dallas. Can you tell us about this?

10. Can you tell us about the sustainable marketplace for Non-Fungible Tokens (NFTs) you have been working on? When it comes to the Hedera Consensus Service (HCS), will it be leveraged to facilitate the creation of secure, public token sale applications with an unmatched degree of sustainability?

11. How do you see Society 5.0 – 4IR and all areas of digital transformation?

12. What are your views on our society, technology and digital transformations?

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About Dr. Leemon

Dr.Leemon Baird is the inventor of the hashgraph distributed consensus algorithm, and is the Co-Founder and Chief Scientist of Hedera. With over 20 years of technology and startup experience, he has held positions as a Professor of Computer Science at the US Air Force Academy and as a senior scientist in several labs. He has been the Co-Founder of several startups, including two identity-related startups, both of which were acquired. Leemon received his PhD in Computer Science from Carnegie Mellon University and has multiple patents and publications in peer-reviewed journals and conferences in computer security, machine learning, and mathematics.

About Hedera

Hedera is a decentralized enterprise-grade public network on which anyone can build secure, fair applications with finality in a few seconds. The platform is owned and governed by a council of the world’s leading organizations including Avery Dennison, Boeing, Dentons, Deutsche Telekom, DLA Piper, eftpos, Électricité de France (EDF), FIS (WorldPay), Google, IBM, LG Electronics, Magalu, Nomura, Standard Bank Group, Swirlds, Tata Communications, University College London (UCL), Wipro, and Zain Group. Hedera Hashgraph is a platform that presents itself as a faster,  and more secure alternative to blockchain.

It sidesteps energy-intensive mining by using a technology called Directed Acyclic Graph.

In most blockchain-based projects, the verification process relies on mining, an energy-intensive process requiring computers to work through fiendishly difficult computations to verify transactions. Can Hedera Hashgraph sidestep that problem by removing mining entirely and using an entirely new ledger structure? We find out below.

What is the Hedera Hashgraph?

Hashgraph is not a blockchain in the sense that it’s built on a chain of blocks. It’s best to imagine it as a graph, whereby the speed of verifying transactions goes up as more transactions are added to the network. The name for the technology it’s based on is, in fact, known as a DAG , short for Directed Acyclic Graph.

This technology is designed to help Hedera Hashgraph achieve more than 100,000 transactions per second, making it a true competitor to Visa and other mass-market payment systems.

The Hedera network currently performs 6.5 million transactions per day with an average transaction time of 5 seconds—easily surpassing Ethereum’s 1.2 million and Bitcoin’s 300,000 transactions put together.

How does Hedera Hashgraph work?

A council of 19 multinational corporations from around the world govern the platform and the software that will run on millions of nodes globally. To reach consensus, instead of mining, nodes on the Hashgraph “gossip” with each other, comparing notes on the transaction history of the network.

As the nodes gossip, they select a few “famous witnesses.” Each witness is an event or a transaction and they become famous because they are communicated to the nodes early in the process. The chosen nodes then compare the gossip about these famous witnesses in the majority of nodes.

Leemon Baird Links and sources

https://www.linkedin.com/in/leemon-baird/ 

https://twitter.com/leemonbaird 

https://www.swirlds.com/about/

https://www.crunchbase.com/person/leemon-baird

https://en.wikipedia.org/wiki/Hashgraph

https://hedera.com/about

https://blockchain.news/insight/hedera-hashgraph-chief-scientist-dr-leemon-baird-defeating-byzantine-generals-bringing-layer-of-trust-to-the-internet 

https://hiddenforces.io/podcasts/leemon-baird-hashgraph-consensus-whitepaper/

https://cointelegraph.com/magazine/2020/04/24/journeys-in-blockchain-leemon-baird-hedera-hashgraph 

https://www.forbes.com/sites/jeffkauflin/2018/03/13/hedera-hashgraph-thinks-it-can-one-up-bitcoin-and-ethereum-with-faster-transactions/?sh=38ede791abcb

https://www.bizjournals.com/dallas/inno/stories/news/2021/02/11/hedera-hashgraph-launches-tokenization-service.html 

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

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