Alex Morris

Crazy Rich Asians: Asia’s Wealthiest Families Discuss Blockchain with Industry Bigwigs

Crypto turned out to be an unavailable topic during the event that mainly focused on non-crypto applications of Blockchain
Crazy Rich Asians: Asia’s Wealthiest Families Discuss Blockchain with Industry Bigwigs
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During today’s ‘Decrypting Blockchain for Business’ event, the most prosperous families of the Asian continent gathered in Singapore to weigh in on one of the most disruptive technologies of this decade — Blockchain. The Forbes-organized event gathered many crypto influencers, including Binance’s CEO Changpeng Zhao (CZ).

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There are two kinds of people

After the brutal cryptocurrency crash, the atmosphere in the room was far from euphoric. However, the purpose of their meeting was not to express their gushing concern over cryptocurrency prices — Asia’s richest people want to focus on the future that Blockchain, the technology that underpins Bitcoin, can give them.

Anderson Tanoto, the son of RGE founder Sukanto Tanoto, claims that there are two kinds of people in the current cryptocurrency space. Those who want to make quick millions by investing in cryptocurrencies (the ‘lambo’ guys) and those who want to change the way we live today with Blockchain. Indeed, this technology has a huge disruptive potential, and there is a myriad of industries whose face will be completely changed with the help of it. Notably, RGE already utilizes Blockchain to increase the efficiency of the palm oil supply chain.

Cannot ignore the elephant in the room

While the participants mainly stuck to the ‘Blockchain, not Bitcoin’ narrative, crypto and the main use case of the technology was seemingly an unavoidable topic. Changpeng Zhao was one of the key speakers who particularly addressed the problem of cryptocurrency adoption during the Forbes event. He is not satisfied with the current state of payment adoption, and he claims that Binane is ‘pushing really hard’ to tackle the problem.

CZ also made an announcement about the creation of their own Blockchain dubbed ‘Binance Chain’. The modus operandi of Binance Chain will be similar to that of Ethereum: startups will be able to launch their own ICOs.

Bobby Lee, the founder of the first cryptocurrency exchange BTCC, was also there to discuss the current state of the market. Meanwhile, Bloq’s co-founder Matthew Roszak sees a building momentum in the middle of the crypto rout.

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Alexander Goborov

October's Top 10 List of Token Holders on Ethereum: Electrify.Asia is Leading

Electrify.Asia has by far the most new ERC-20 token holders, which means it is currently the most popular cryptocurrency on the Ethereum network
October's Top 10 List of Token Holders on Ethereum: Electrify.Asia is Leading

Ethereum is one of the leaders of today’s crypto world: it is second only to Bitcoin by market cap with 20.5 billion US dollars; right now, it is also standing at number four in terms if its monetary value following Bitcoin, Maker, and Bitcoin cash with almost 200 USD for one coin of Ether.

But, of course, Ethereum is not only a giant platform that generates its own cryptocurrency: it also lets other cryptocurrencies use its Blockchain network, so long that all of the technical rules are observed within the ecosystem. As a result, all cryptocurrencies that are hosted by Ethereum, apart from its own Ether, must be ERC-20 compliant (Ethereum Request for Comment), and every holder of an Ethereum-based cryptocurrency is thus also a de facto holder of an ERC-20 token.

This means that ERC-20 token holder figures are indicative of how well a crypto coin is doing within the larger Ethereum framework. The more ERC-20 token holders there are, the better that “guest” currency is doing, and since Ethereum is also one of the market leaders, any given cryptocurrency’s internal popularity on Ethereum also directly reflects on how well it is paddling through the crypto sea in general.

Below is the top 10 list of this October’s new ERC-20 token holders for each of the leading Ethereum-based cryptocurrencies:

This October’s New Token Holders

The current winner by a landslide is Electrify.Asia with almost 100 000 new ERC-20 token holders this October, followed by XMax with around 13 500 new token holders, then Moneytoken with around 12 000, Skrumble Network with around 9 000, 0xcert with roughly 8 000, SALT with 7 000, UChain is lagging slightly behind with around 6 800, FansTime has close to 6 500 token holders, DAEX around 4 500, and finally Datum is in last place with just under 4 000 new ERC-20 token holders this October.

Being “the first retail electricity marketplace in Southeast-Asia addressing the need for transparency and security in the consumption of energy” and with their slogan promising to “build an intelligent energy ecosystem for Asia”, the Singapore-based Electrify.Asia, headed by Julius Tan and Martin Lim, have set very high expectations for themselves. Let’s see what happens closer to the New Year!

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