Cryptotips George Shnurenko

What is Hashgraph and The Differences Between Blockchain

💡 Cryptotips
Hashgraph is a new approach to processing and storing data that’s considered to be the main Blockchain’s rival
What is Hashgraph and The Differences Between Blockchain

Although Blockchain is the leading technology in the world of crypto, it’s not the only method of data processing and storage. It was the first technological advance which served as the foundation for Bitcoin and altcoins, but it’s far from perfect. Now there’s a grandiose alternative coming– Hashgraph. What is it, and how it differs from the Blockchain?

What is Hashgraph technology?

If you’re more or less tech-savvy in the sphere of the Blockchain, you know that it uses consensus to record the transactions. Hashgraph uses a bit different approach: it implements a gossip protocol that works the following way:

  • every node of the system distributes signed information (this is called “events”) about the current and previous transactions to random neighbors

  • the neighbors process the information they receive and send it to other nodes

  • the process continues until all nodes get the new information.

The process doesn’t take much time due to a quick convergence property of this protocol.

The founder of this technology, Leemon Baird, uses Byzantine fault tolerance, which means the transaction becomes valid when more than 2/3 of nodes get aware of the transaction. It’s supposed that 1/3 nodes can work incorrectly or improperly. It is considered to be a safer environment than the distributed ledgers.

What is stored in each node in Hashgraph? The pieces of information processed are called ‘gossips’, and they are sent from one computer to two others, and so on. One of the main advantages of gossips is that they can weigh about one or two bits. That boosts the speed of transaction processing by over 250,000 TPS (for comparison – Bitcoin makes six transactions per second) depending on the bandwidth.

What cryptocurrency is Hashgraph?

After becoming aware of Hashgraph appearance, many Internet users start wondering what is Hashgraph coin. The fact is that Leemon Baird hasn’t introduced the proprietary coin yet, and he stays the sole rightful owner of his system– the control of who can use Hashgraph, and who cannot. However, his team is working upon The Hedera Hashgraph network that will introduce its own token, so if you wonder what is Hashgraph cryptocurrency like, visit the official website to get details.

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Until Hedera token appears on the market, Internet users are actively discussing what cryptocurrency is like Hashgraph, with some mentioning Swirdls, IOTA, and DAG-based tokens.

Hashgraph vs Blockchain: Whatthe difference?

if you still see no difference between Blockchain vs Hashgraph, let’s clear things up:



Uses proof-of-stake and proof-of-work mechanisms of reaching consensus.

The platform leverages a new type of consensus mechanism, based on gossip about gossip and virtual voting

Relatively slow.

Processes transactions much faster.

Data is stored in a ledger on nodes directly involved in the consensus.

Data is stored on all computers of the network., which makes it impossible to hack.

Cryptocurrencies can be mined.

No mining will be used– the nodes will process transactions automatically with ‘gossips’ being about 1-2 bits.

Answering the question “What is Hashgraph?” Reddit explains that “Hedera Hashgraph is a superior consensus mechanism/data structure alternative to the Blockchain. A decentralized platform without servers.” Therefore, the principle of decentralization is one thing that unites Blockchain and the new platform.

Pros and cons of Hashgraph

What is a Hashgraph primary advantage? In fact, there are three aspects making it superb (and all are in question):

  1. It’s fast due to the gossip protocol that optimizes messages and minimizes communication overhead. Another reason for that is that Hashgraph is functioning in a private environment with limited access– that’s what conditions a high throughput. The participants of the permission-based environment are known beforehand which eliminates the vulnerability. But what will happen when/if Hashgraph becomes a public ledger?

  2. It’s fair– that’s conditioned by consensus time stamping. But the fact that ‘neighbors’ are chosen randomly poses a risk that some chosen networks are malicious and may stop sending the transactions. At the same time, every message can be sent without the intrusion of Byzantine nodes. Although it’s not a problem yet, the creators will need to solve this issue before releasing a public distributed ledger.

  3. It’s secure due to its asynchronous nature. However, the specialists still wonder what is the algorithm terminating the consensus protocol putting the efficiency of random approach in doubt.

Will Hashgraph replace Blockchain?

Being revolutionary in some aspects, Hashgraph is an efficient consensus protocol that can help us reach a very high speed of transaction processing and enjoy higher security. Being used in private settings, this platform totally justifies author’s claims about its safety and speed. But what about public use? There’s a probability that Hashgraph will face the same problems as public Blockchains.

So before googling “what is a good Hashgraph crypto” don’t forget that the Blockchain technology has a lot of room for development, and public Blockchain creators introduce innovative protocols permanently improving their products.

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Top 5 Ripple Wallets in 2018

📚 Wikicoin
There’s no better way of securing your crypto assets than a reliable wallet: consider these top 5 choices
Top 5 Ripple Wallets in 2018

Crypto wallet is an irreplaceable part of your investment activity. But how to select a reliable and functional option? Let’s consider Top 5 Ripple wallets and find out how to pick the right one for you.

It’s been two years since cryptocurrencies started to make waves, and many altcoins grew in price as much as the leader, Bitcoin, did. There are many decent investment opportunities around, and one of them is Ripple (XRP). Having been invented as far back as 2004, it grew at a remarkable rate in 2017, and now is in the Top-10 cryptocurrencies. The coin is widely used for international transactions and is currently being tested by governmental banks, especially the ones in Asia. Despite being the third largest cryptocurrency by market cap (close to 18 billion US dollars), XRP is very cheap compared to Bitcoin and Ethereum, so right now you can still buy a handful of coins without having to take out a second mortgage on your house.

If you’re ready to jump on the Ripple bandwagon, then you need a reliable and functional wallet. Let’s observe five worthy solutions and find out why an accurate XRP wallet selection is more important than you may think.

Main vulnerabilities of cryptocurrency wallets

Like any other online product, online cryptocurrency wallets are prone to attacks and failures. These are the main five crypto wallet vulnerabilities:

Main vulnerabilities of cryptocurrency wallets

How to choose the best wallet for Ripple?

Not all Ripple wallets are created equal, as it were, so you need to perform a thorough market analysis before investing. The prime motivation for using a good wallet is the safety of your assets: without a rock-solid security, no digital solution has any real value.

So, what should be taken into consideration when picking up the best XRP wallet?

  1. Does the wallet support Ripple? This is the most essential question. The Internet offers a myriad of versatile crypto wallets, but sets of supported cryptocurrencies differ from one solution to the next.

  2. Is it secure enough? The absence of proper security measures takes away from most of a wallet’s value, which means that your virtual money could be stolen any time. Check whether the wallet provider implements a two-step authentication, cold storage, backup, and other security tools. An SSL certificate is a must-have for online services, too. An offline Ripple wallet is considered to be a safer option.

  3. What’s the fee/cost? If you’re going to handle huge amounts of cryptocurrency, investing in a hardware wallet for Ripple can be a more cost-effective solution compared to online storage.

  4. Is it compatible with mobile devices? Every self-respecting crypto wallet provider offers both desktop and mobile versions for their clients’ convenience. Make sure that your iPhone, Android, BlackBerry, or any other device supports the software.

Cold vs. hot wallet: which one is better?

Cold storage means using a hardware wallet for crypto assets. It is recommended for users who want to safeguard their coins instead of entrusting funds to third parties. This is a safer but also a less convenient option because you cannot perform cryptocurrency operations on the go. For this reason, some traders use both kinds of cryptocurrency wallets: online services for trading, as well as hardware wallets for storage only.

Now that the stage has been set, the time is ripe to actually have a look at the best Ripple wallet options.

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When talking about cryptocurrency exchanges, Binance is one of the first names that springs to mind. This crypto service is rapidly growing and now also offers its users Ripple wallets. However, it’s better suited for short-term coin storage: as a general rule, you shouldn’t store currency there for more than 1–2 days, because exchange issues may appear out of the blue.

“Why use it at all?”, you may ask. Well, Binance is perfect for instant buying and storing of XRP since you can claim a 50% discount on trading fees when you exchange Bitcoin to Ripple.

Ledger Nano S

This hardware wallet supports a number of cryptocurrencies, including Dash, BTC, ETH/ETC, Stratis, and Zcash. This crypto storage solution offers high-level security, ease of use, and portability. It looks like a USB device, so you can carry it in your pocket without having to be wary of any prying eyes. It allows you to control transactions with the help of a button and features a secure password system. You can send and receive coins and make automated account backups (there’s an individual recovery sheet applied to every device). The gadget can be ordered online: in 4–7 days, it will be delivered to your doorstep.

Ledger Nano S

Toast Wallet

But where to store Ripple for free? Try Toast, an open-source Ripple wallet which is accessible to anyone. Its salient features include:

  • Compatibility with Windows, Android, Mac, and iOS. Each application is well thought-through and fast.

  • Zero fees for both storage and transactions. Do bear in mind, however, that you need to have 20 XRP in reserve to process your transactions.

  • Toast Ripple wallet App has intuitive navigation coupled with a user-friendly interface.

Toast wallet is a bare-bones solution that will be perfect for starters to get their feet wet and learn the basics of cryptocurrency handling. It is simple enough for beginners to manage, and yet, supposedly, as safe as a Swiss bank. Another good news is that Toast is not a hosted wallet, which means you will have total control over your private keys.

Toast Wallet

Jaxx Wallet

This software was developed by the man who started investing in crypto very early on and helped to found Ethereum. In trying to figure out how to store Ripple safely and reliably, he developed Jaxx Ripple wallet. This is a multicurrency HD wallet that allows for storage of over 60 coins and lets its users control the seed and PIN. This software boasts the whole gamut of features, including:

  1. Custom fee options: high (fast transactions), average, and low (slow mining fee). The normal fee is recommended for an easy transaction confirmation.

  2. A QR scanner for better precision and accuracy of transactions.

  3. Exporting and importing of private keys.

Jaxx also provides an added bonus of the best exchange for Ripple: one coin can be converted into another in the app itself, so the investors are free to make transaction decisions right there and then.

Check out available Jaxx versions:


Mobile & Tablet


Mobile & Tablet




Browser Extension


Ripple desktop wallet (x64) / (x86)


Ripple desktop wallet (x64) / (x86)


CoinPayments is not just a desktop wallet for Ripple. As its name suggests, it is a cryptocurrency payment website where you can store currency online. It accepts over 900 altcoins, a record-breaking number for an exchange platform. CoinPayments functions like a physical bank — it allows exchanging of coins and shopping online — and has a low transaction fee of 0.5%. The fee is applicable to:

  • commercial deposits;

  • incoming payments;

  • transactions, regardless of their size.

Personal deposits and withdrawals are 100% free unless you use them for commercial items or shopping. To top it off, CoinPayments is highly convenient for online purchases: it partners with a wide range of e-commerce websites and stores, over 296,000 online vendors to be exact. Exceptional security level is achieved thanks to the BitGo multi-sig technology. So if you want a cheap and breach-proof solution for cryptocurrency storage, CoinPayments is exactly the thing.

10 ways to secure your cryptocurrency wallet

All cryptocurrency owners are potential victims of hackers. Although the aforementioned solutions are safe, you, as a user, bear the primary responsibility for the security of your assets. Here are a few professional tips:

  1. Do not install external mobile applications unless absolutely necessary.
  2. Activate a Two Factor authorization in both the app and on the web.
  3. Whenever someone sends you links, always double check them.
  4. Beware of Slack bots! Do not click on any links the bots send you. You can also protect your device against them by using Avira antivirus, Metacert, or Webroot security, as well as built-in Google Safe Browsing.
  5. When you’re engaged in a crypto trading activity, use a separate browser for the operations with crypto coins. It’s also better to choose an incognito browsing mode; in fact, ideally, you should have a separate PC or another device for crypto trading.
  6. Do not download crypto add-ons. Use antivirus for network protection.
  7. Do not perform transactions via public Wi-Fi, even if you use a VPN.
  8. Keep updating your router firmware regularly: hardware manufacturers release updates for protection against key substitution.
  9. Do not interact with websites without an HTTPS protocol.
  10. If something seems suspicious in the messages you receive, close the window and delete that letter from your inbox.

Bottom Line

Although the Blockchain is a safe technology in and of itself, it’s not immune to security breaches, which means you still need a safe place to store your cryptocurrency coins. The Internet offers a myriad of exchange platforms and crypto payment services that provide crypto wallets. These websites should be chosen wisely: some of them are prone to hacking, while the others may charge astronomical fees.

Bottom Line

So, what is better, an offline Ripple wallet or an online service? It depends on the frequency and size of your transactions. Cold storage is used for long-term investment; this feature is provided by hardware wallets. If you are going to trade actively and perform transactions on a daily basis that involve smaller amounts, then online services would be more appropriate for you. They can be used on the go, and their transaction fees are pretty low, though how low exactly would depend on the actual platform you opt for.

All of these Top-5 solutions are dependable and functional enough to meet the desired objectives of any crypto investor. So, if you’re ready to stock up on Ripple, pick up one of them and sleep soundly knowing that your assets are safe!

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Binance Coin Price Prediction- How Far Can BNB Grow?

📚 Wikicoin
Binance is a Blockchain ecosystem comprised of Exchange, Labs, Launchpad and Info. We expect further growth of the BNB cryptocurrency
Binance Coin Price Prediction- How Far Can BNB Grow?

Binance has found its way onto the headlines over and over again. At first, they launched a $1 bln investment fund and then, they celebrated over eight mln users. These new achievements water down the previous $15 mln raised in July 2017 and astounding growth in membership. The soaring success has also brought about several rumors concerning BNB price prediction.

In spite of the stellar performance of the company, Binance Labs never relented, rather, they kept pushing boundaries. The LaunchPad product which was tested in December 2017 with the Gifto Official’s ICO saw the corporation amass millions of dollars in seconds. They still didn’t rest their oars, as they’ve announced that they have more projects in the pipeline.

Their impressive track record is what underpins the myriad of BNB price prediction floating around, asserting that the coin will peak in a very short while.

But we cannot depend on hearsay alone, let’s find out if BNB will really do well in the market. If they will, what’s the underlying reason? If not, we need to find out why.

Binance offers a trading fee discount

Revenue is an important source of growth, no doubt. However, an equally important metric is the volume of trade being handled. BNB dealt with this wisely and offered traders a 50 percent discount when they make use of Binance exchange for the payment of fees. This seemingly little introduction goes a long way in encouraging customer adoption and BNB price prediction for 2018 is gaining traction because of this.

Binance affiliate bonus

Yes, there’s such a thing as the affiliate bonus with Binance. In fact, the earnings recently increased for those who hold a minimum of 500 BNB. The affiliate program rewards traders with 50 percent of the trading fees of those referred. This means that if you refer a trader who goes on to incur a trading fee of about $50, you will get paid $25.

For those who do not meet the minimum, the bonus was cut to 20 percent and the strategic advantage this offers can be seen below:

  1. It increases earnings in the short term

  2. Improves overall profit in the long-term

  3. Provide a perfect setup to create a new demand feature.

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Token sale participation for LaunchPad

LaunchPad is a Binance product which was established to help startups raise capital as at when due. They have tested this product and it has proved its reliability. This strategy then, that startups are required to purchase BNB tokens before they can participate in the fundraising exercise is an equally viable one and it will cause the value to increase.

BNB trading pairs

There are over 70 trading pairs of BNB. This means that BNB is available to be traded with 70 other cryptocurrencies on several digital exchanges. This goes to show how valuable it is and it also demonstrates that the demand for this coin is on the increase.

One more thing on trading pairs, the trading pair utility opens traders up to more arbitrage opportunities. What does this mean? Simply means that if there’s an NEO/BTC pair and a BNB/NEO pair, one can leverage the BNB/NEO pair rather than trading BTC because of the significant difference in price.

BNB price prediction

Now, to the real deal. Based on the evidence provided above, what is the verdict? Let’s consider a few other things:

  1. The initial total supply was 200 mln tokens but they have a buy-back clause which aims to reduce the total supply to 100 mln.

  2. It is an ERC 20 token.

  3. It has a market cap of $1.259 bln, the 18th largest.

  4. It is currently selling at $13.19

For the analysis, we shall draw on the data and equations provided here.

At the moment, the volume of BNB available is 4.3222 percent of the total physical currency A (including that in the central bank). The BNB available is also 0.3041 percent of the total currency B(including the amount in demand accounts, checking accounts, savings accounts, money market accounts, and certificate of deposit of accounts less than $100,000).

If one percent of the total physical currency A is infused into the crypto market and Binance coin maintains the current share, the price of BNB would be $2.98. If 16 percent of the said amount is pumped in, BNB would increase to $47.66 and if the percentage rises to 32 percent, it becomes $95.31.

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However, BNB price prediction takes a drastic turn in the case of currency B. if one percent is invested, it becomes $42.33, if 16 percent is invested, it becomes $677.33, if 32 percent is invested, it rises to $1,354.66.


Like we always warn, the crypto market is volatile and risky. This shouldn’t be taken as financial advice and we’re not liable for any loss incurred. Only invest after you’ve assiduously researched the market. One more thing, have fun while you do so!

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BTC vs. XBT: What’s the Difference Between Bitcoin Symbols?

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CoinMarketCap, a touchstone for cryptocurrency research data, displays the BTC ticker, but U.Today tries to determine what other Bitcoin symbols you may stumble upon
BTC vs. XBT: What’s the Difference Between Bitcoin Symbols?

Understanding crypto tickers

Despite some common beliefs, no one registers a cryptocurrency ticker (they are not protected under copyright law). It pertains to all known crypto tickers, including the ubiquitous BTC and ETH. They are perceived as the standard ones due to the fact that they come straight from Satoshi’s and Vitalik’s respective white papers.

For ICO issuers, it is a mundane practice to specify the name and the ticker of the token to avoid confusion. In order to list stocks, bonds or other securities on the NYSE, there is an approval process involved, but there are no geographical restrictions, which essentially means that the same ticker could work in another country. However, when it comes to the decentralized world of cryptocurrencies, it is not an easy feat — there are certain coins in the likes of Nimiq’s NET that fail to get listed on exchanges because it coincides with another cryptocurrency.

The tale of two Bitcoin tickers

Before Bitcoin hit the mainstream, the only existing Bitcoin ticker was BTC (the logical shorthand that doesn’t raise any additional questions). As mentioned above, the BTC ticker was created by Bitcoin’s elusive creator Satoshi Nakamoto, so there was no need to come up with another variant — everyone perfectly understands what BTC is.         

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So, what is XBT? When the popularity of the flagship currency started skyrocketing (along with its price), there was a need for a currency code, but the problem was that the ‘BTC’ ticker name actually violated the ISO 4217 standard. According to these rules, the first two letters of the currency symbol are supposed to represent the country (case in point: USD where ‘US’ stands for the United States). When it comes to Bitcoin, there was an issue with Bhutan — the ngultrum (BTN), the country’s national currency, created roadblocks given that its very first letters coincide with that of Bitcoin.  

That eventually prompted the appearance of a brand-new Bitcoin code: XBT (it is still not considered to be the official ticker of Bitcoin). Apart from the vast majority of national currencies, ISO 4217 also provides codes for the so-called ‘super currencies’ that are not restricted to a certain currency and pose as a global medium of exchanging money. These currencies are also dubbed ‘X currencies’ due to the fact that they always begin with this very letter:

  • gold (XAU);

  • palladium (XPD);

  • platinum (XPT).


Why not XBC?

Given that Bitcoin is an international currency, it is now crystal clear why it starts with X, but the third letter of the new abbreviation might still seem rather confusing for uninitiated traders. XBC is by far the most obvious variant if you take into account the name of the currency (‘bit’ and ‘coin’). The answer is simple: there is already a currency with this ISO 4217 currency code that stands for a European Unit of Account.

The state of adoption  

Now that you know the origin of the ‘XBT’ ticker (if you knew about its existence in the first place), let’s compare it with BTC, the old-timer that has been associated with Bitcoin since its very inception in 2008. For instance, if you want to google the price of Bitcoin, BTC is your best bet (however, the XBT cryptocurrency will work just fine as well).  

There is no consensus between different cryptocurrency exchanges on what Bitcoin ticker should be universally accepted. For instance, Coinbase, a major San Francisco-based cryptocurrency exchange whose valuation has recently exceeded $8 bln, sticks to BTC. Meanwhile, Kraken, Coinbase’s biggest competitor in the fiat-to-crypto niche, was one of the first exchanges to give edge XBT edge over the more established abbreviation.

In a brief post, Kraken explains that establishing one common standard contradicts the idea of decentralization, which is why there is no officially accepted ticker. They claim that the Satoshi-proposed ticker enjoyed the widest use in the crypto space, but the new abbreviation is particularly important for cryptocurrency adoption since it places the fledgling asset class in gold as a global currency that is gradually gaining legitimacy.

Having a currency code in a centralized system may not seem like a big deal. However, it makes a world of difference when it comes to the Bitcoin adoption problem — the green light given by ICOs allows Bitcoin to enter the databases of major clearing networks (PayPal, SWIFT, etc.). Needless to say, the new ticker also boosted the recognition of Bitcoin on Wall Street (Bloomberg terminals were among the first to adopt the new XBT abbreviations).  

XBT subunits

After coming up with an alternative Bitcoin symbol, another top-level issue consists in determining subunits.

One XBT coin has eight subunits, but this is not the final division given that the number of decimals would have to increase over time. Still, only three subunits have managed to achieve mainstream adoption in the crypto space:



Value (of 1 BTC)










NB! Some exchanges have long been displaying BTC price in bits, leaving only two decimals on the right.

Things are getting even more complicated — prepare for more tickers

If you are dealing with huge economic sites such as the likes of Yahoo! Finance, you won’t likely see either of those abbreviations. They normally use the NYXBT ticker that represents the NYSE Bitcoin Index created by the New York Stock Exchange back in 2015.
It is worth mentioning that the index is not quite convenient for cryptocurrency traders since it updates only once a day (at 6 p.m. EST). Due to the volatile nature of cryptocurrencies, the exchanges (Coinbase and others) that update data in real time would be by far a better choice. The current prices are also displayed on U.Today (at the very top of the website).        

To make things even more confusing, there is one more ticker called $BCOIN that is specifically designed for the website StockTwits. Meanwhile, investors who trade Bitcoin on the stock market are certainly familiar with the Bitcoin Investment Trust ticker (GBTC). There is also yet another Bitcoin stock symbol, BITCF (it stands for First Bitcoin Capital Corp).    

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Same issues with Bitcoin’s stepbrother  

Remarkably enough, Bitcoin is not the only coin with multiple confusing tickers. Bitcoin Cash, the offspring of the world’s largest cryptocurrency, initially used the logical BCC symbol, but there was already the BitConnect token with the exact same symbol. Eventually, the BCH ticker symbol appeared, but some exchanges still stick to BCC.
Recently, it provoked a heated discussion on one of the biggest crypto-related subreddit, with users calling out Binance for failing to update the old symbol. Due to the big scope of the controversy, Binance CEO Changpeng Zhao himself had to comment on the situation, claiming that the change of the ticker would cause at least a two-hour long trading halt.

“We felt the tradeoff is not worth it. Thank you for your understanding.” – CZ, the CEO of Binance.  


One has to realize that both of these tickers are interchangeable, and both of them are here to stay. Hence, the BTC vs. XBT discussions are futile.

While BTC has already become a staple in Bitcoin’s community, XBT saw a wider adoption by traditional financial institutions along with some crypto exchanges such as the likes of Kraken

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Fitness Monetized: Past ICO Review

👁 ICO Watch
Fitness tracker monetization attracts investors and Dallas Mavericks for partnerships
Fitness Monetized: Past ICO Review

Lithuania-based Lympo has developed an app to monetize fitness tracking and create an ecosystem around it where all participants are fairly compensated.

This sounds like a dream come true on paper, but will the app be able to work as promised?

Not so sure, as the app is slated to be ready in 2020. With a long wait time, fitness enthusiasts may look somewhere else.


The 11-day ICO ran between Feb. 17 and 28 this year and raised $16.8 mln. The token entered the market at $0.02 and at the time of writing is trading at $0.114 an increase of 450 percent in only four months, impressive!

There are one bln tokens in circulation and it has a market cap of $88 mln. A recent price surge is due to it recently being listed on Bitfinex and Ethfinex and signing deals with the Dallas Mavericks.


Mavericks’ owner Mark Cuban said to Bizjournals "the Mavericks found clear alignment with Lympo’s mission to create a healthier world by utilizing the latest technology to encourage fitness and healthy living in a whole new way."

The Mavericks deal is ironic because of Cuban’s stance against cryptocurrency. However, it was announced last year the Mavericks will begin accepting crypto payments for thing such as tickets, and merchandise. This an ironic turn of events coming from a guy who hates Bitcoin.

Fitness monetized

According to the website, Lympo is building an ecosystem that allows for users to be rewarded with Lympo tokens for healthy lifestyles and achieving fitness goals.

Additionally, Lympo wants to ensure that all data is used by all industry stakeholders and everyone is rewarded fairly. Lympo’s goals are the creation of:

  1. a Lympo Fitness Wallet
  2. a Marketplace
  3. a Lympo crowdfunding platform

The wallet would be used to store users’ rewards, which they could later spend in the marketplace on things such as hiring personal trainers and health service providers. The crowdfunding platform exists to serve as an investment platform for which new data-driven companies could invest into new apps to upgrade the Lympo experience. While this may sound great, and all stakeholders will be fairly rewarded, there is no definition of what that means?

How many tokens will a user get by running a mile or going to the gym? How much it cost for an hour of personal training?

This information is not available and it is reminiscent of a credit card points scheme, where $1 equals one point, but when you go to put that towards your balance, 100 points equals $1. Marketing ploys at their best.

Time is not on anyone’s side in crypto

While this is still a new app, there is still some time required until the technology goes lives and it can be used.

The recent add on some exchanges and the announcement of their first partnership are some major milestones for this startup.

However, the company must get their app up and running or all these big partnerships and announcements will be for nought.

The full release of the app and software is slated for 2020; a long, long time away in the cryptosphere.

On one hand, this gives them time to get the project completed correctly, but on the other hand, it puts investors on edge; seeing things happen so quickly in the cryptocurrency world, 1.5 years is a lot of time to wait.

Time is of the essence with crypto. If you are unable to maintain positive attention, then you will not be able to succeed.

By saying things will be ready to go almost two years later, leaves questions in many minds. In the meantime, investors could lose faith, competition could push Lympo out, lack of communications to the media makes people wary: is the company still working towards goals? Is there infighting? Is this a scam? Many will ask these questions. was founded by Ada Jonuse, which was the initial platform to bring together individuals with personal trainers in Lithuania.

Jonuse is the founder and CEO of Lympo. She leads a team of 11 others that make up the base of the company.

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Texas Securities Regulator Actively Targeting Crypto-Related Scams

Texas securities regulator has been actively targeting companies promoting scammy crypto-related projects.
Texas Securities Regulator Actively Targeting Crypto-Related Scams

While the SEC has certainly been active in combating ICOs that violate securities laws, there’s another regulator — one that few would ever suspect — getting involved in the battle against crypto-related frauds. In the last several months, the Texas State Securities Board has taken a number of enforcement actions against allegedly fraudulent companies in the space.

Anyone who has ever driven through the state knows that Texas highways are festooned with anti-littering signs emphatically warning drivers “Don’t Mess With Texas.” It seems promoters of sketchy ICOs should take that warning seriously as well. In the last six weeks, the Texas regulator has taken enforcement action against four cryptocurrency-related companies.


On Dec. 20, the Board issued an emergency cease and desist order against USI-Tech Limited for “promising low-risk, triple-digit returns from investments tied to Bitcoin mining.” The regulator alleged that USI-Tech was “soliciting investors in dozens of Texas cities through targeted craigslist advertisements, YouTube videos, and standalone websites.”

The Texas regulator gained even more attention when, on Jan. 4, they issued an emergency cease and desist order against BitConnect, whose BitConnect Coin (BCC) then had a market cap exceeding $4 bln. The Texas State Securities Board found that “BitConnect has disclosed virtually nothing about its principals, financial condition, or strategies for earning profits.” The state’s securities commissioner found that BitConnect was guilty of selling unlicensed securities to Texas investors and the Board thus ordered the company to halt all marketing to Texans.

Not even three weeks later, on Jan. 24, the Board issued an emergency cease and desist order against R2B Coin, a “Hong Kong-based company selling investments [in] r2b coin, promising investors that the digital currency will soon be one of the world’s most valuable.” The regulator alleged that R2B Coin had told investors that the coin “will never go down in value.”

Most recently, on February 3, the regulator filed an emergency cease and desist order against DavorCoin, “an entity offering investments in a cryptocurrency lending program in Texas.” The Securities Board “found that DavorCoin is telling investors they can earn lucrative profits by investing in a lending program based on a new cryptocurrency.” The Board pointed out that DavorCoin has been telling investors that “lending $30,000 in davorcoin may earn $15,390 in the first month of the program and receive $107,217 after 120 days.”


The Texas State Securities Board cites a cooperative working relationship with other regulators and law enforcement agencies:

“The State Securities Board worked in cooperation with prosecutors and law enforcement agents in 12 counties and three federal jurisdictions in Texas, including United States Attorney offices, the FBI, the U.S. Postal Inspector, IRS-Criminal Investigation, and county law enforcement agencies.”

Texas Securities Commissioner Travis J. Iles writes that this cooperation is crucial to the Securities Board’s success:

“Our coordination with state and federal authorities is critical to the effective prosecution of investment fraud in Texas. We are able to leverage resources to help shut down and prosecute large, complex fraudulent schemes that are inflicting harm on Main Street investors in Texas.”

Good regulation?

Many in the cryptocurrency community shun regulation in any form, an attitude that harkens back to Bitcoin’s crypto-anarchist roots. However, as digital currency begins to go mainstream, unsophisticated investors will increasingly be targeted by scams and fraudsters. Regulators must be careful not to make broad, sweeping changes without fully understanding the consequences of their actions. However, smart, careful regulations can actually be a good thing, and such regulatory activity can make crypto much friendlier for new investors.

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