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STeX

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Overview

Symbol STE
Token sale opening date

24. Nov 2017

3 months ago

Token sale closing date

31. Dec 2017

2 months ago

Concept

STeX is a cryptocurrency exchange that will aggregate all other exchanges and by doing so provide the best rates, as well as using market making algorithms to give users access to over 10,000 trading pairs across the top 100 coins - with the highest liquidity across all exchanges in one ‘smart trading platform’. The platform will pay 100% dividend of all transactional fees to STE token holders, making the project essentially publicly owned.

Team

Members

Nicholas Prays - CTO

Maxim Vladykin - CPO/Project Manager

Ivan Mityaev - CFO

Country of origin Poland

Technology

Blockchain Ethereum (What is blockchain?)

Github

Github commit activity 30d
Starred by 4
Watchings None
Contributors 31
Forks 2
Commits 152
Open issues None

What is Github?View full analytics

Links

Website
Blog (not available)
Whitepaper
Facebook
Twitter
Linkedin (not available)
Slack chat (What is this?)
Telegram chat
Github (What is this?)

Latest news

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Latest tweets

Twitter followers 30d

Everything You Could Possibly Want to Know About Cryptocurrency Is Now All in One Place... Read more… https://t.co/32r8QmKXkT · 4 days ago

Hong Kong Orders Exchanges to Delist Tokens Deemed Securities.... Read more https://t.co/lMZmvtDJEi https://t.co/RMpSqvz2kK · 12 days ago

Growing interest in cryptocurrency spurs conversations at Nebraska State Capitol... Read more… https://t.co/zgOhQZyUFI · 12 days ago

Total 476 followers, 539 tweets. ∙ View full analytics

Latest posts

Facebook likes 30d

Vitalik Has a New Idea for ICOs – And It's Being Tested Investors need more control over ICOs At least, that's according to ethereum creator Vitalik Buterin. One of the early thinkers to shape the crypto funding mechanism concept, he hasn't quite put the idea aside, last month proposing it could be combined with a decentralized autonomous organization (DAO) to best allow investors to have a say in how money raised gets handled. Flash forward to today and what Buterin called a "DAICO" is already being developed, with cloud gaming startup The Abyss building its own version for its upcoming token sale. "This idea found a free place in my heart," said Konstantin Boyko-Romanovsky, the project's founder. "We really want to make something beautiful." As Boyko-Romanovsky alludes to, the ICO model has been called into question, mainly for enabling entrepreneurs to raise vast sums of money without a product or platform already built. (Even Boyko-Romanovsky has gotten burned by several ICOs, which is why he believes better tech could help ensure a token's team isn't interested in a cash grab.) And by adopting the DAICO model first, he also wants to show investors that The Abyss is truly about disrupting platforms for selling video games (like Valve's market-leading site, Steam) by making the promotion of video games more flexible and delivering more money to developers. Still, while the concept will get a test run with The Abyss project, others are skeptical it will be widely embraced. First and foremost, like ICOs, the DAO concept has a rough history, since the first DAO had a vulnerability that allowed a "attacker" to transfer $60 million worth of ether to themselves. (The consequences and uneasiness of the fallout still reverberate throughout the community.) Yet, former Monax legal counsel and ICO skeptic, Preston Byrne pointed to a deeper question: Do ICO investors really want to be bothered with governance? "Most DAO users are less interested in managing their chosen project than they are in offloading their coins at a massive profit on new entrants as quickly as possible," he wrote. But Boyko-Romanovsky believes the industry has matured enough, with a significant number of sophisticated, institutional investors coming to the table, to want such insight into the inner-workings of an ICO issuer. He told CoinDesk: "DAICO, this is true crypto for me, because it utilizes the best from ethereum." Minimum viable DAICO So, just how exactly does the DAICO combine two of ethereum's more popular concepts? In Buterin's post, he describes a smart contract in which token holders vote to set two mechanisms: a "tap" and a "refund." First, the tap is the rate at which the smart contract would allow the issuing team to draw down ether from the smart contract that holds funds raised in a crowdsale. "The intention is that the voters start off by giving the development team a reasonable and not-too-high monthly budget, and raise it over time as the team demonstrates its ability to competently execute with its existing budget," Buterin said in the post. The refund then allows users to vote whether they should "self-destruct" the ICO, which simply empties out the smart contract of all remaining ether and returns it to the token holders in proportion to however many tokens they hold. To Boyko-Romanovsky, it's a slick idea. "Most people don't understand what is DAICO and how it will change the industry," he said. But one that was even more attractive since Buterin himself proposed it. He told CoinDesk: "We got much, much more attention because of this." Upgrading Vitalik But as much as Buterin's DAICO idea spoke to Boyko-Romaovsky, the developer is tweaking the mechanism a bit to make it more appropriate for The Abyss. For instance, The Abyss DAICO will have another way to increase funds to the team, called a "buffer." The buffer is an option for a one-time payment, so if one month they have a major expense which the flow doesn't cover, they can propose a buffer vote to token holders. On top of that, the project's tap is more limited than the one Buterin proposed. For one, the flow can never be increased more than half as fast as it was before. So, if the tap is 100 ETH per month now, it can't go higher than 150 ETH per month during the next vote. On the vote after that, it couldn't go higher than 225 ETH per month, and so on. Even then, the rate of raises could still happen quite fast, so The Abyss team inserted another limit. After each tap and buffer vote, no vote of the same type can happen again for two weeks. The team also defined some rules about what it takes to establish a "quorum" - the number of people it takes to make a vote legitimate. The number of voters in each vote has to equal no less than half the number of voters in the prior vote. So if 100 people vote in the first poll, at least 50 people have to vote the next time to make a quorum. That said, if 200 people vote on that second poll instead, then at least 100 people would be needed to hold a legitimate vote the next time. Token refunds? Perhaps, though, the most radical change The Abyss team made was in what it takes to launch a refund vote. The Abyss will seek three to five crypto luminaries to serve as "oracles" over their ICO, and a majority of those oracles must agree to a refund vote for it to be initiated. If the oracles vote for a refund poll, then the token holders get a chance to vote on it. This change protects an honest developer running a DAICO from investors moving for a refund because a rapid increase in the price of ether makes them want to cash out ether now, instead of wait for ICO returns later. Having added that stipulation, though, Boyko-Romanovsky said, "I am not afraid that my project will be closed because of refund or something else." And the industry will soon see, as The Abyss's ICO starts next month, with a hard cap of $60 million in ether. "People are asking why we need $60 million, but we really need big money to compete with Steam," Boyko-Romanovksy said. The project's KYC will be run from Switzerland, where the company is domiciled, although the team works from Russia. According to the company's website, in the U.S., only accredited investors can participate in the ICO, but everywhere else the crowdsale is open to anyone. With the KYC and restrictions on investors, the project looks to be playing by the rules, something that aligns with Boyko-Romanovsky interest in being a trusted member of the crypto space. According to him, just as the DAICO concept has attracted attention because of Buterin's support, potential investors trust people more than they understand the technology or underlying business models of platforms run with tokens. And in that way, Boyko-Romanovsky concluded: "I want to become in this market: No matter what I do, what I do is very good. I think people will see in one year. I will get people's trust." 13 hours ago

Blockchain to end Middle Ages - Dennis Avorin Malta made an important step on Friday when Parliamentary Secretary Silvio Schembri presented the new legislative package that will pioneer the island into a blockchain hub. The business opportunities surrounding this technology is envisaged to grow as large as the current iGaming sector within five years. While this might seem a bit excessively optimistic, few understand what blockchain really means for the future. The hype has so far mostly attracted the interest of bedroom speculators trying to make a quick buck. However, in the long run, the utility of blockchains will eventually amaze even the most stubborn technophobes. Put simply, blockchain, also called Digital Ledger Technology (DLT), is a digital distributed public ledger system. It can be used for recording groups of transactions, the so-called “blocks”, by linking them together into a cryptographic linear chain. Thus making every former transaction known throughout the chain. One of the key properties following from this structure is its immutability. It is not possible to tamper with a blockchain, which results in trust being built into the very system. A study commissioned by the World Bank has suggested that DLT can partially or entirely replace government as the authority of identity authentication, issuing certificates, land titles, storing health records, disseminating social benefits, and managing democratic votes. While this sounds enticing, its economic role is likely to extend even further. Practically it could mean that the ‘Middle Ages’ of our current internet will slowly come to an end. Internet as we know it is organised in a fairly similar economic structure as the feudal economic system that predates capitalism in Europe. More specifically, it resembles the feature of feudalism known as manorialism. Manorialism was a system characterised by legal and economic power vested in the lord of the manor. These lords owned the land of various manors and made a living out of obligatory contributions from legally subject peasants, who worked the open common lands. The peasants could pay their obligations in labour, in kind, or more rarely, in coin. This was a system based on interest rate rather than profit, therefore it was not capitalist. Internet as we know it is organised in a fairly similar economic structure as the feudal economic system that predates capitalism in Europe Internet, since its early days, operates on similar lines as manorialism. Much like the medieval supreme powers controlling the access to nobility – the king and the Church – there is a supreme organisation keeping record of Top Level Domains (TLDs), such as .com or .org. This organisation is known as the Internet Corporation for Assigned Names and Numbers (ICANN). Their motto is “One World. One Internet”. The TLDs are owned by companies and various organisations exclusively authorised by the ICANN. The famous TLD .com for instance is operated by Verisign, one of our digital lords of the manors. Obviously, this is not the entire ownership structure, but it is the basis of it. The internet as such is owned by no one and everyone, much like the offline world prior to capitalism. When ownership is fuzzy, it means that we, as users, are never in full ownership of our own value creation online. We can use it, but we cannot really own it. Much of the value that can be derived from our activities is acquired by the lords of the internet, who we generally pay in labour, kind, or more rarely, in coin. Take Google as an example. In exchange for free web searches and free webmail, Google is acquiring our data and sells it to companies across the web. There is no way for a user to get ownership of his or her own data. This idea was first outlined by the computer scientist Jaron Lanier. Much like peasants under manorialism, we are free to work on the Internet Common as long as we pay the lord back in kind. Manorialism in Europe gradually disappeared when the process known as the enclosure movement started to enclose and privatise the formerly open field system. The enclosure movement was the main force behind the birth of private property of land, and the beginning of capitalism. The thing with blockchain which makes this into a reasonable parable, is that it also, similarly to the enclosure movement, provides the basis for immutable property rights on the condition that the system is also enclosed. Blockchain can therefore be envisioned like an enclosure movement of the internet, where business-minded users will eventually enclose areas of the online world in DLT systems – where private property is guaranteed by the very code. This technological disruption might potentially give rise to an online economy hard to even imagine in our current paradigm. Users will be able to monetise everything from their cat videos to their very consumer data in ways that are impossible today. It will effectively reinstate the scarcity principle in the digital economy and make it impossible to infinitely copy various kinds of immaterial assets. It is exciting, in lack of other words, to see that Malta is at the frontier of this economic revolution. a day ago

A government official in charge of South Korea's cryptocurrency crackdown has been found dead at home A South Korea government employee, who was involved in coordinating efforts to regulate cryptocurrency trading, was found dead on Sunday. South Korea’s Yonhap News Agency reported Jung Ki-joon, 52, suffered a suspected heart attack, and police had opened an investigation into his death. A South Korean government spokesman told the Wall Street Journal he was employed at the Office for Government Policy Coordination and was responsible for coordinating different government agencies as part of efforts to eradicate illegal trading activity in the country’s cryptocurrency markets. Yonhap reported that friends said the man had been under heavy stress since taking over the role towards the end of last year. Developments out of South Korea — where Bitcoin has often traded at a 40% premium to other markets — have been the catalyst for significant price moves in the crypto market this year. Authorities sparked a crash in January when they announced a crackdown on cryptocurrency trading, even threatening to ban local exchanges. Bitcoin had a noticeable boost last week when a South Korean government minister confirmed there would be no ban. Instead, regulators would continue to monitor transparency in the market, starting with a crackdown on anonymous trading accounts. And earlier this month, a South Korean investigation into illegal foreign exchange transactions worth hundreds of millions — including the use of cryptocurrency — found links to Australian-based bank accounts. Cryptocurrencies have seen strong demand in recent days, and a short time ago Bitcoin was holding above $US11,400 after breaking through $US10,000 earlier this week. That marks a gain of almost 100% since prices fell below $US6,000 on February 5, and markets had a boost in the wake of a blockbuster regulatory hearing in the US. a day ago

Total 1776 likes, 335 posts. ∙ View full analytics