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🕵️‍ ICO Watch
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Zeepin’s not Creepin’ It’s Ready to Go Live: Past-ICO Review

  • Eric Eissler
    🕵️‍ ICO Watch

    Tools for the creative industry to license, protect and share creative is about to go live at the end of August

Zeepin’s not Creepin’ It’s Ready to Go Live: Past-ICO Review
Cover image via u.today

 

 

Zeepin is a decentralized Blockchain developed for the global creative industry and the decentralized sharing economy community. The Blockchain is designed to help global creative content creators with asset digitization and rights confirmation, ensure these digital assets, enable efficient transactions and crowd-funding of creative assets, help organizations and individuals improve innovation efficiency, and incubate a large number of self-governing for-profit creative organizations.

Financials

Zeepin had a one-day token sale on Jan. 18, where it was able to raise some $62 mln in one day. The cost of a token during the sale was $0.13 and half of all one bln tokens were made for sale on that day. The token entered the general trading market on Jan. 30 at $0.18 and has experienced several ups and downs since. The token price is currently on a downward trend and is at its all-time low price of $0.03. Its market cap has dissipated to $19 mln and daily trading volume is at $250,000. It could be said that the current bear, really big bear, market is weighing heavily on all token prices and there has been little relief from the ongoing price correction.

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Team

Zhu Fei- CEO & Founder

Fei is the former CEO of Arting365, with 15 years of experience in the creative industry. He has much experience in art and creative industry to drive Zeepin. He was the Director of Shanghai Top Young Creative Talents Association, Director of Shanghai-Jiangnan Intelligent Manufacturing Park Creative Industry Promotion Center, Director of Shanghai Industrial Design Association. Fei has founded Internet companies involving creative ecommerce, creative media, and design education, and has successfully created and operated a creative community with over 1.2 mln designer users.

Karl Xu-Co-founder & CSO

Xu has had much experience in strategy and operations. With an engineering degree in polymers, Xu has had the opportunity to work at GE in several management roles and SABIC. An engineering degree and more than 10 years of experience in business give Xu a strong foundation to be CSO.

Jason Xu- Senior Developer

Xu has worked for several enterprises and has more than 10 years of technology development and operation experience. He is familiar with the deployment and optimization of distributed applications and carried out certain research on data structure, asymmetric encryption, security protocol, and encryption algorithms.

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Mainnet launch, DApps Ready

Zeepin’s mainnet is scheduled to go live at the end of the month on Aug. 31. The company already has several DApps ready for launch including, but limited to  ZeeRights, ZeeCreate, ZeeSure, ZeeProof, ZeeWallet and CryptoGalaxy. These DApps will work within the Zeepin ecosystem to provide the tools creative producers need to secure their creative works.

While we were not able to get any response from the company on how they are dealing with perceived competition nor market acceptance, it could be said that they have a rather solid footing a massive amount of followers supporters on social media. The litmus test comes at the end of the month when the mainnet goes live. We must sit tight and wait until then.

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About the author

Eric Eissler is based in Chicago and works in higher-education administration and finance. He is a freelance writer covering blockchain technology, fintech, cryptocurrency, the oil and gas industry, and international politics.

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📰 News
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Top Bitcoin Miner Warns – Bitcoin’s Privacy Features Are ‘Quite Poor’

  • Yuri Molchan
    📰 News

    The head of a major Bitcoin mining pool says that Bitcoin privacy is weak and must be improved to prevent BTC from avoiding governments’ clampdown

Top Bitcoin Miner Warns – Bitcoin’s Privacy Features Are ‘Quite Poor’
Cover image via www.123rf.com

The CEO of one of the largest BTC mining pools, Poolin, has recently stated in an interview that Bitcoin privacy has to be improved. The current privacy features make BTC vulnerable to potential regulatory bolt tightening, says he, as reported by Forbes.

The Poolin mining company was set up by several former employees of BTC.com – a world’s major mining pool, a subsidiary of Bitmain. Among them was the Poolin’s current CEO Kevin Pan.

“Bitcoin’s privacy features are quite poor”

Over the past years, developers have suggested several ways to improve Bitcoin’s privacy. However, those were rejected by the community, since they would hard such major things as security, scalability, etc.

A good example here is Confidential Transactions that were among those suggestions. They disguise the amount of BTC sent in transactions. However, the integration of it was rejected, since it could have had a negative impact on the public verifiability of the present BTC supply.

Kevin Pan says that privacy is much more vital for a crypto asset development than scalability. Pan says:

“There is no other big question if the privacy issue is solved.”

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Governments may start controlling BTC miners

The company CEO believes that in theory, authorities or law-enforcement agencies may start telling miners to block certain address from receiving funds or sending them. However, in that case that would have to be 51 percent of the BTC network.

Pan believes that unless a solution to this problem is found soon, governments will get a chance to prevent transactions to certain addresses from happenning.

“What is more troublesome now is if government or law enforcement departments begin to create a blacklist of transaction addresses, it will make certain transactions unable to be packaged.”

“In fact, these can be done. But if there is privacy, you can't know who the address belongs to, and you can't determine how much the amount is, and there is no way to control the currency system. So for me, Bitcoin is basically no problem if the issue of privacy can be solved.”

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China plans to clamp down on BTC miners

Previously, U.Today reported that Inner Mongolia, an autonomous region of China, plans to ban all the numerous mining pools located there soon.

Since this region is one of the biggest local crypto mining areas, some believe that China is about to ban mining of all cryptocurrencies ahead of the so-called ‘China Coin’ launch.

Do you think that poor Bitcoin’s privacy features could indeed bring down regulatory control over BTC one day? Feel free to share your view in the comments section!

Subscribe to U.Today on Twitter,and get involved in all top daily crypto news, stories and price predictions!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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