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Startup Pill announced CoinMarketAlert as one of the 97 best Market Research Startups of 2020 shortlisted for the annual Reward of Welp Magazine. With this yearly startup award Welp is honoring the most outstanding entrepreneurs and high-growth businesses in the world.

“We are proud to be recognized as one of the Top Market Research startups globally. Being nominated and chosen as a niche player in the crypto and blockchain industry shows us that we are on the right track. We will continue to take a variety of approaches to innovation to further strengthen our footprint as one of the top market researchers in the crypto space.”, said Bertram Seitz, CEO, CoinMarketAlert.

CoinMarketAlert is a Crypto Service Platform offering free alerts and portfolio tracking for more than 7000 crypto assets.

“Currently we are working on additional customer focused projects. We are confident to keep being one of the best innovators in crypto research in the future”, predicts Seitz.

Full article can be found here: https://startupill.com/97-best-market-research-startups-of-2020-to-read-into/

The post CoinMarketAlert.com Nominated the best Market Research Startup in 2020 ! appeared first on coinmarketalert.

Added value for everyone through this Partnership

The common vision towards the democratization of the financial industry leads us to develop fully automated possibilities that anybody can use. PalmaBot’s innovative technology solution enables CoinMarketAlert to be upgraded with trade execution, directly and instantly when the alert is received. 

“Define your trade strategy within the alert setup. Then just execute with a single click as the notification arrives. Prepare when you have time. React as soon as it happens.” says Jernej Vrčko, Co-Founder & CEO of PalmaBot

“No more wasting time searching for the right wallet or the right exchange before being able to execute when the alert is received.” says Bertram Seitz, Co-Founder of CoinMarketAlert

This partnership will bring crypto tracking and trading experience to another level, especially by providing users with more convenient and professional possibilities with investing and finance management.

PalmaBot Executor

PalmaBot Executor has everything a trader needs to be able to protect his portfolio in real-time, on the go. With real-time arbitrage opportunity finder and stop-loss, take-profit with trailing functionalities, it provides a complete trading tool with full automation possibilities at your fingertips. Read more about PalmaBot Executor here.

CoinMarketAlert

Since 2018, CoinMarketAlert provides Crypto News & Price Alerts, and Portfolio Tracking as a service to more than 25,000 crypto investors. This combination of products and services is tailored to attract and educate newcomers to the crypto world. 

For this occasion, CoinMarketAlert has prepared a gift for you. In case you want to use some of the other features besides forever FREE alerts. Use this coupon for a monthly GOLD subscription: UE2gYe

Websites:

https://CoinMarketAlert.com
https://PalmaBot.com

The post Partnership Announcement: CoinMarketAlert and PalmaBot appeared first on coinmarketalert.

Platform Developments:
Multiple Portfolios within same account.

Add asset to portfolio when creating alerts.



Home and static page redesign and back end admin upgrades in progress.

Team Updates:
Please welcome Barbara Steinberg as our new Chief Marketing Officer.

15 October 2020

1 October 2020

Platform Developments:
PalmaBot Release. With CMA Trade Execution, receive the alert and execute your predefined trades with a single click or customize order placement!
On 30+ exchanges in real-time with execution precision and security by design – Store Your API keys on Your Local Device.
Connect CMA Trade Execution to Automate or Manage order placement on the GO with trailing functions and arbitrage opportunities – in real-time! –

Learn More:
Steps to connect PalmaBot: https://coinmarketalert.com/blog/steps-to-connect-palmabot-executor-to-coinmarketalert/

About PalmaBot: https://coinmarketalert.com/blog/palmabot-executor/

Partnership Announcement: https://coinmarketalert.com/blog/partnership-announcement-coinmarketalert-and-palmabot/

25 September 2020

Business Developments
New Media Kit Published

The post CoinMarketAlert developments, new features, and business updates appeared first on coinmarketalert.

PalmaBot Executor

Execute / Automate Alert’s Predefined Order with a Single Click.

PalmaBot Executor is an order routing tool which enables users to easily connect to their exchanges and execute trades with a single click,  fast and reliable. It runs on Telegram chatbot app on a PC or mobile device, currently supporting over 30 exchanges (and counting) and 2000+ trading pairs. Plus, it allows linking your trades with alert notification, in manual or automated mode.

The underlying PalmaBot App enables actions and strategies which were not possible until now. Find out some unusual ideas on the PalmaBot walkthrough and test it with Real-Time, Real Data Demo mode / live paper trading. The impossible becomes possible.

PalmaBot App and Executor offer you complete control over your crypto assets. Afford yourself the personal digital financial assistant, besides Telegram app installation there is no registration needed.

It’s designed by experienced traders, portfolio and fund managers with decades of experience and implemented with unique technology and structure by highly skilled developers. The PalmaBot Team is always creating something new and is also listening to the communities’ suggestions.

If you are an investor or a trader or want to become one, PalmaBot is the most appropriate place to be, click here and start to explore completely worry-free (get 1 DEMO Bitcoin) or dig in real money and have the advantage of speed, flexibility, and automation. Don’t be left behind and make use of technological advantage now!

Main characteristics of PalmaBot:

1. Webhook connectivity – analyze & set alarms on preferred analytical platforms, connect PalmaBot, and that’s it! PalmaBot executor will give you a choice of manual or automated executions of your strategies. Edit or cancel the strategies is always possible – on PC or mobile.

2. Security – PalmaBot does not store your API keys!!! Your API keys are stored on your device (smartphone for example). PalmaBot also does not know who you are. It’s a so-called zero data app. You just need to take over your phone as a personal wallet.

3. Simple UX – there are not lots of confusing buttons & commands. Everything that you need and when you need it, it’s there. No matter on which exchange you trade, you will always have the same workflow. Simply read and follow the instructions.

4. Mobility – always at your hand, always with you. The personal setting of the notification and execution on the go is available for your peace of mind. You need a smartphone, internet signal, and determination to succeed.

5. Astonishing speed – real-time data! You will be able to get the information about the price changes faster than the majority of the crypto market participants.

6. Semi-automated – personalized signals will notify you of every change on the market. PalmaBot is on the watch for you so you don’t need to be. Different types of orders and executions are available while you are “sleeping”.

7. Coverage – 28 exchanges and counting, 15 markets, over 3000 trading pairs. Trade, compare the prices between the exchanges, transfer of coins, find and execute the arbitrage opportunities, … All functions are available even if exchanges do not natively support it.

8. DEMO mode – 1 DEMO Bitcoin awaits you for real-time paper trading (no APIs needed). Learn how to use PalmaBot, test your trading ideas and strategies, research the crypto market, compare with others, … in real-time, and with real data. No risk, no charges. When you are ready to trade with the real money, just switch the demo mode off. UX is the same.

9. Transfer – easy transfer for your assets between exchanges.

10. Multi-exchange environment –  now you can benefit from trading on multiple exchanges, hunt the price differences, arbitrages, create whole new strategies based on that fact – IN REAL TIME! But most importantly, you can execute it easily and on the spot. Creativity always pays off.

11. Functionality – no matter if exchanges support different types of orders like Stop Loss, Trail Stop Loss or Take Profit, Trail Buy, etc., PalmaBot enables it for you.

12. Multi order – just set up as many strategies as you want with the same portion of the money, PalmaBot will execute the first one which meets the criteria.

13. Lower trading fees – executing trades with the PalmaBot, you will always pay the Maker Fee on the exchanges. Even when you execute Instant Buy/Sell. Now it’s your job to calculate how much you can save by using PalmaBot.

14. Control – with PalmaBot Trading Dashboard you get an efficient overview of your past trades, set the orders directly from the Dashboard, search the relevant news, cancel and edit orders, export data for the accounting, …

15. Support – don’t know how to start? Stuck somewhere between? Want to speak to your fellow traders? Just wanna have a little bit of trading fun? A friendly PalmaBot Community is willing to help you. Community members, PalmaBot team, and even co-founders can be met there.

Disclaimer
The Execution functionality on CoinMarketAlert (CMA) is a routing service to PalmaBot Executor. CMA does not take any responsibility concerning the transmission of data or the related trade executions on 3rd party platforms. CMA is not a counterpart in these transactions nor a broker. Trading cryptocurrency is at your own risk. Choice of trading counterpart is at your responsibility and your risk.

The post PalmaBot Executor appeared first on coinmarketalert.

Why should people want to invest in AUX in the first place?

Fundamentals…fundamentals…and again…fundamentals

The Auxilium blockchain (established in 2018 by cryptocurrency company Auxilium Global) always had massive underlying value considering the many advantages it has over traditional Proof of Work (PoW) and Proof of Stake (PoS) cryptocurrencies.

Auxilium is an independent coin and platform, including smart contracts, dApps and tokenization. In addition, the Proof of Authority system is most environmentally friendly and offers greater security, faster transactions, more cost-efficiency and simpler paths to scalability than traditional PoW and PoS cryptocurrencies.

Rewards for AUX holders
Auxilium offers its holders truly fair monthly rewards, which don’t require mining or staking, adding up to 8% interest per annum. This is made possible with the use of our unique and innovative, Auxilium Interest Distribution (AID) platform. Additionally AUX holders receive free utility tokens once Auxilium Global expands the ecosystem.

The strong ecosystem is taking shape
We’re building a strong ecosystem around and on our Auxilium blockchain and network by: building for-profit businesses, building not-for-profit businesses, and providing funding, resources and mentoring to like-minded people interested in helping others through a business, co-op or as an individual. Profits are fed back into Auxilium Global to help people and animals.

Read more about why you should choose Auxilium here: https://auxilium.global/advantages-of-innovation/

The ecosystem is expanding, adding direct short term advantages for AUX holders and leading more people towards the Auxilium blockchain

The Auxilium Loyalty Platform

The Auxilium Loyalty Platform is the first use case of Auxilium Global. In interaction with the AUX coin and Auxilium blockchain a new token — the Auxilium Loyalty token — with ticker AUXL will power the loyalty platform. The Auxilium Loyalty Platform combines earning, spending and sharing, for AUX holders, Auxilium Global and third-party companies, by integrating and combining various utilities on one platform. We envision it expanding into a crowdfunding platform, third-party company solution, ICO platform, etc.

More information on the loyalty platform can be found here: https://medium.com/@auxiliumglobal/new-auxl-token-powering-auxilium-loyalty-platform-aux-up-1393-past-8-months-f5c7b8ccfab2

Two extra AUX holder advantages that come from this:

1. Free AUXL tokens. AUX holders who hold at least 1,000 AUX will receive 1 AUXL token for free for every 1 AUX they hold. Example: Someone who holds 900 AUX won’t receive free AUXL. Someone who holds 1,000 AUX will receive 1,000 free AUXL.

2. Free Palladium membership upgrades. AUX holders who hold at least 2,500 AUX are able to upgrade to the Palladium membership for free through pre-registration. Pre-register here: https://auxilium.global/loyalty-platform/

This page will be updated with more information about the loyalty platform and AUXL token functionality once developments evolve.

AUX coin IEO on XT exchange & Investment Fund
A step up and the road to a top cryptocurrency exchange

We’re holding an IEO on XT Launchpad from 1st September till 5th September 2020. This mutual effort of Auxilium Global and XT exchange will open Auxilium up to a larger cryptocurrency market and audience. We’ll make 10,000,000 (10 million) AUX available from the Research and Development fund for this offering. These 10 million Auxilium coins will be sold against a fixed price (approximately 0.08 USD). The exact price will be determined 48 hours before the start of the IEO based on the price of AUX on the AUX/BTC market on Mercatox.

Instead of directly spending all IEO earnings, we envision we can significantly increase the value of these earnings over the next months by creating a strong cryptocurrency portfolio consisting of 5–7 projects with a bullish short-midterm outlook.

Our idea is to create a solid investment portfolio that will very likely within the next year pay a (IEO and) listing fee on one of the worlds biggest cryptocurrency exchanges. We’re talking about the Nike and Adidas (for instance Bittrex and other exchanges with massive amounts of users worldwide) of cryptocurrency exchanges. We’ve already established contact with a few, and have passed preliminary assessment.

Read more on this IEO & Investment Fund here: https://medium.com/@auxiliumglobal/aux-ieo-on-xt-and-more-1d87b69fad7e

Airdrop promotion AUXL
Socials exploding, token distribution, IEO & listing

Many new users (see image below with for instance our recent amount of Twitter followers) have been welcomed to the Auxilium Global community recently as they participate in the AUXL token airdrop.

The airdrop can be found on Telegram: https://t.me/auxairdropbot

Everyone can join the airdrop and can earn $10,- USD worth of AUXL token, plus $1,- USD worth of AUXL tokens for every successful referral.

The AUXL token will be distributed amongst the airdrop participants after the 31st of October (end date airdrop). The aim is to hold an IEO in November 2020 and list the AUXL token on an exchange.

AUXL is a critical utility token that will have true use on the loyalty platform, the marketplace, the charity zone, etc. However, in order to enter the Auxilium Loyalty Platform you’ll need to hold at least 2,500 AUX to ensure your membership.

Auxilium Wallets
Adding TrustWallet & Auxilium Mobile Wallet to the list

Auxilium Global has a very good desktop wallet (paper wallet included) for Windows, MacOS and Linux that supports coins and tokens on the Auxilium blockchain. It also offers all smart contract functionality that you can expect from a fully functioning MainNet independent platform like Auxilium.

We’re also listed on Trezor and MyCrypto. We’ve recently noticed that Trezor is not linked properly to our desktop wallet and MyCrypto (yet). We’ll fix this as soon as possible.

Because applying on TrustWallet is no guarantee for listing, and a mobile wallet is one of our top priorities we’ve taken the step to start development of our own Auxilium Mobile Wallet. The Auxilium Mobile Wallet will be a lite wallet for AUX coin and Auxilium blockchain tokens (like AUXL) that will be made available on Android and iOS. We’re confident we can have this finished before the end of the airdrop (31st October).

You can find our wallets and wallet instruction video’s here: https://auxilium.global/wallets/

For support, please go to: https://forum.auxilium.global/c/support/10

Recent video of CEO explaining short term outlook

https://www.youtube.com/watch?v=Uk9X5pQdVJY&t=963s

The website
https://auxilium.global

Whitepaper
https://auxilium.global/wp-content/uploads/2019/09/Whitepaper_Auxilium_V1.pdf

Be social
https://t.me/auxiliumcommunity

https://twitter.com/auxiliumglobal

https://fb.com/auxiliumglobal

https://forum.auxilium.global

https://discord.gg/59PXRM8

Buy AUX
https://mercatox.com/exchange/AUX/BTC

https://mercatox.com/exchange/AUX/ETH

The post Auxilium (AUX) is trending, this is why appeared first on coinmarketalert.

What is Portunus Social Key Recovery?

If you are using cryptocurrencies or care about securing passphrases, you probably thought about data recovery at some point, such as mnemonic phrases or hard drive backups. The unique Portunus Social Key Recovery splits up your private key into key pieces also called fragments, which are kept by a minimum of three Trustees who are usually in the close circle of family/friends/contacts. In case the user loses his private key, he can now restore it with the previously distributed fragments.

An Example:

Let’s assume Jane has a secret that secures something of value (cryptocurrencies would be a good example here). She worries about losing this secret and consequently, losing access to her assets. Now she might be inclined to back up her secret with people she trusts.

Hence, she uses the Portunus app for Social Key Recovery, which splits her secret into five parts and distributes those to people she is close to, her Trustees. Furthermore, she specifies that three of the five parts are necessary to recover her secret.

One day Jane loses her phone and with it her secret. At this point, she can contact three of the five people who earlier received a part of her secret. With the help of these people, she can restore her secret, and regain access to her digital assets.

How Does the Portunus App Algorithm Work?

The patented Portunus algorithm takes a key and splits it into several fragments. Using SSSS and military grade encryption, the Portunus app provides a flexible algorithm for choosing the total number of fragments and the threshold value, and it can therefore provide unique security properties for situations with different security demands.

The SSSS Introduces a Powerful Mechanism to Restore Keys Without Introducing a Single Point of Failure.

Let’s go back to our first example with Jane, but now we get more specific:

Jane holds one Bitcoin and wants to use the Portunus social recovery app to back up her private key. Her friends Bob, Carol, Anna, and Dan are already using the app. After installing the app, she enters the key and selects her friends to share the pieces of her key with. The app then splits the key into four pieces and sets the threshold value to three. Three is the minimum number of selected Trustees, meaning that any three of her friends can recover her private key.

To improve security properties, it is better to increase the number of key pieces and the threshold value. As such we might distribute a total of 6 pieces to 6 members of Jane’s family/friends and require 5 of them to reconstruct the private key.

Before splitting it up, the Portunus app encrypts the initial private key, so an adversary would not only need to collect enough pieces, but also gain knowledge about the password that decrypts the private key. If Jane forgets to create or loses her password, she will be unable to recover her key. For this reason, Portunus can also be used to safely store and recover passwords.

The Portunus app has already developed a free Android beta version (and we’re working hard on the IoS version too!) that can be accessed by subscribing to the website www.portunus.ai.

The Portunus team is constantly growing and if you or your company are interested in investing or collaborating whilst helping build a safer world, visit www.portunus.ai/contact-us/ to inquire more information and details about Portunus.

The post The Social Key Recovery by Portunus App Solves one of the Biggest Blockchain Problems appeared first on coinmarketalert.

CorionX is blockchain-based ERC20 utility token, globally available that creates the framework for education, expansion, and promotion for the usage of stablecoins, cryptocurrencies and DeFi globally, through the #MoneyInTheRightDirection Movement to succeed in the paradigm shift of how to use crypto as a digital and programmable money. Using CorionX utility token on a daily basis has many benefits through partnerships and whitelabel solutions. Token holders are rewarded 2.5% staking quarterly in the Loyalty Staking Program.

Corion Foundation – the backer of CorionX – was founded in 2016, with the aim of helping the development and spread of stablecoin and crypto usage in the world.

The Foundation’s aim is to encourage world-wide adoption of stablecoins and cryptocurrencies, and with it to help people gain access to swift, safe and cheap finance. Corion Foundation supports all initiatives that work on such developments and focuses on clients acquisition, education and infrastructure, as mainstream adoption is the Foundation’s main target.

MAIN BENEFITS TO THIS PARTNERSHIP.

CorionX community will get access for 1 month free Gold subscription to enjoy the benefits of CoinMarketAlert’s professional alerts and breaking news. The Gold subscription educates CorionX users to learn how to use professional alerts to take care of their investments and manage a portfolio in the digital investment world.

WHAT IS A CoinMarketAlert CRYPTOCURRENCY PORTFOLIO SERVICE?

It is a tracking service for crypto currencies with an aggregated view of all coins and tokens using CoinMarketAlert portfolio infrastructure.

A CoinMarketAlert CryptocurrencyPortfolio contains all crypto assets, no matter where those were bought or where they are stored. Any coin or token that the user owns can be added and displayed with real-time market rates. The portfolio gives an overview of one’s style, risk tolerance, and key components of one’s market strategy.

The CoinMarkertAlert CryptoCurrency Portfolio offers the following benefits:

• Monitor Your Cryptocurrency portfolio value in real-time
• 7000+ Cryptocurrency coins and tokens
• Register the exchange and date of the purchase of the coin or token
• Keep Track of Your Asset’s Physical Location
• Get Cryptocurrency Portfolio alerts when your portfolio increases or decreases in value
• Get regular notifications on your portfolio value
• Receive a Weekly Portfolio Statement by email
• And Much More to come…

CorionX community can sign up for the 1 month free Gold subscription here using the coupon code: lWUQAD.

Since 2018, CoinMarketAlert provides Crypto News, Price Alerts and Portfolio Tracking as a service to more than 25,000 crypto investors. This combination of products and services is tailored to attract and educate newcomers to the crypto world. By giving access to our tools and partner courses and applications, we aim to help the mass-adoption of cryptocurrencies.

Further to the recent announcement regarding the partnership of Corion Foundation, CoinMarketAlert is now also excited to officially announce the monitoring and alerts of CORX token.

This partnership is to increase crypto and stablecoins use-cases, so this will help millions of crypto communities to use CorionX and CoinMarketAlerts services worldwide. Corion Foundation will guide CoinMarketAlert with crypto savings, staking and DeFi, to provide a wider range of services to investors who are entering the market as newcomers. Both partners are based in Zug, and develop the vibrant global crypto economy out of Crypto Valley, Switzerland.

CorionX monitoring will be started by CoinMarketAlert after closing CorionX IEO token sale, which is taking place on ProBit Exchange.

This is an amazing opportunity for both partners to empower the crypto community to use professional portfolio management and alerts to their digital assets investments, and making cryptocurrency savings, investment more mainstream.

Websites:
CorionX
CoinMarketAlert

The post Partnership Announcement : CorionX AND CoinMarketAlert appeared first on coinmarketalert.

Stablecoins, the utility tokens that power Decentralized Finance (DeFi) systems have seen a wave of media coverage lately, but what exactly are they and why are they so powerful in the DeFi marketplace?

Stablecoins are a new class of cryptocurrencies that attempt to offer price stability either by algorithmic seigniorage or backing by reserve assets. They are designed to minimize the price volatility of the stablecoin relative to some “stable asset” or a basket of assets, by pegging to a cryptocurrency, fiat money or exchange traded commodities such as industrial metals or precious metals like gold.

Corion Foundation, established in 2016 and headquartered in Switzerland, have created the CorionX utility token and platform with the sole purpose of promoting world-wide adoption of stablecoins, De-Fi, central bank digital currencies CBDCs, to help unbanked young people and businesses gain swift and safe access to OpenFinance.

To this effect, CorionX creates the one platform for stablecoin adoption, usage, and an open invitation to everyone around the globe to join the movement and #MoveMoneyInTheRightDirection.

What Makes Stablecoins and CorionX Important in OpenFinance?

To understand this intriguing question, we need to cast our minds back to over 7000 years’ history of money. From the barter trades of 9000 BC, the first currency minted in 600 BC to the modern coinage and digital banking systems, several versions of money have existed and gained value because they are accepted as payment for goods and services.

Stablecoins possess all the characteristics and more to become useful as a store of value including portability, durability, divisibility, scarcity and recognizability, all without any trusted third parties or central authorities.

CorionX brings these features under one single movement with the following advantages:

• Unlike the incumbent traditional financial system, transactions made on stablecoins are fast, secure, and unfalsifiable
• Payments around the world to any person or business happens in seconds in stablecoins
• Transacting parties benefit from transparency and accountability using detailed analytics
• Users and businesses also benefit from low transaction fees, with transfers settled in seconds using stablecoins for cheap ‘gas’ transaction fees
• Opening an account no longer takes days but minutes, and all accessible in ERC20 wallets
• Merchants are no longer restricted to 5 day working weeks, since CorionX empowers all businesses to conduct activities at any time, 24/7 without any restrictions of service outages

· Start-ups and merchants requiring micro-payment services can also benefit from the stablecoin revolution supported by the Corion Foundation, with easy integrable online wallet accounts.

How Do Stablecoins Maintain Their Stability?

Stable assets can be described as convenience vehicles between the crypto world and the traditional financial systems. This allows merchants, ordinary users, and institutional businesses to park their assets in a stable state, away from the devaluation of fiat assets and the volatility of crypto assets such as Bitcoin and Ethereum.

Businesses across the globe can leverage these useful features of stablecoins to acquire loans, flexible credit facilities and even lending instruments available on DeFi OpenFinance systems.

In early 2020 alone, stablecoins usage have seen a 500% increase of about $2.2 Billion in January to $11 Billion in June. The rapid demand of interest in stablecoins are due to several factors including the current global health crisis. How these digital assets achieve their price stability are highlighted below:

– Fiat Asset-Backed: This scenario involves third party banks and escrow service institutions issuing stablecoins against a basket of fiat assets like USD, GBP, Yen or Euro held in a bank vault. The fiat backed assets can only be used to repurchase coins that were previously issued.

– Crypto Asset-Baked: This mechanism involves other cryptocurrencies with liquidity being collateralized against issuance of a stablecoin. The idea in a system like this relies on minimizing the risk of volatility of the collateral asset, by implementing safeguards like decentralization, multi-signature cold wallet storage vaults, privacy, and smart contracts. Stablecoins are only issued when strict conditions are met by lenders and borrowers on decentralized finance systems.

– Hybrid Asset-Backed: This system significantly reduces the risk to stablecoin price stability. Coins issued are backed by a basket of other liquid assets like fiat, cryptocurrencies, central bank digital currencies CBDC, and less liquid assets like real estate or hedge funds, brought onto the Blockchain using smart contract oracles.

This gives the system the ability to manoeuvre sudden price fluctuations, by expanding or contracting depending on markets’ supply and demand.

Who are the Target Group for CorionX token?

Corion Foundation aims to encourage with CorionX token the world-wide adoption of Stablecoins, De-Fi, CBDCs, and to help unbanked people globally to participate in the cheap, swift and safe OpenFinance economy.

The foundation will create a common platform that supports client focussed development of infrastructure, with a mainstream adoption target. Some of the target use cases are discussed below:

• Creating money transfer solutions for the underbanked and unbanked in the remittance industry, which was estimated to be worth US$715 billion in 2019
• Facilitating instant borderless payments between international business parties
• Creating opportunities for young generation Z people, who are familiar with new technologies
• Help privacy focused people and businesses around the world who prefer to send and receive transactions securely
• Providing alternative safe platform for citizens of countries with unstable national currencies
• Enabling online and offline merchants to make purchases and payments securely
• Helping professional institutional traders minimize risk of volatility of other crypto assets

· Helping lenders and borrowers hold their asset values in a stable state, by guarding against market price instability when they borrow stablecoins for business services development.

Stablecoin usecases infographic by Corion Foundation

The Case for Central Bank Digital Currencies (CBDC)

Central Bank Digital Currencies are a digital form of fiat money issued by a regulatory government or the monetary policy authorities of a country. Although the initial hypothetical idea was inspired by Bitcoin, several countries including China, Finland, Sweden among others are currently testing the proof-of-concept of their respective digital currencies.

According to documents published by the National Bureau of Economic Research in 2017, CBDCs are expected to bring clarity to national regulatory frameworks for mass adoption of digital currencies, using strong monetary policies to become high security instruments; like paper bank notes, with each unit uniquely identifiable to prevent counterfeit.

Based on the technology adoption cycle above, we are right at the cusp of mainstream adoption where CBDCs could play a vital role in streamlining implementation regulations and provides opportunities for businesses and organisations such as Corion Foundation. This promotes global education and adoption of digital stable currency ecosystems in the 21st century. Some of the advantages include:

– Technological efficiency: Money transfers and payments like remittances could be made in real time between the payer to the payee, without relying on intermediaries like banks and clearing houses.

– Monetary policy transmission: The issuance of CBDC direct to the public could constitute a new channel for monetary policy transmission, which would allow more transparent and direct control of money supply, interest rates and possibly lead the way towards full reserve banking systems.

– Financial inclusion: Money accounts that are safe at central banks could constitute a strong instrument for financial inclusion, by allowing any legal resident or citizen to be issued a free or low-cost basic bank account.

Are there any Decentralized Finance (De-Fi) Systems out there?

The concept of Decentralized Finance De-Fi, have evolved into sophisticated financial instruments designed for lending and borrowing of digital assets like stablecoins in a secure and transparent way.

De-Fi systems have grown in popularity since late 2019, probably due to the open, trusted, and global financial services offered by decentralized finance systems as ideal alternatives to traditional finance.

Stablecoins are expected to play a crucial role in the operation of these trustless, censorship resistant De-Fi systems, with projected market growth expected to exceed $15 billion by the end of 2020.

Stablecoins carry the promise of revolutionizing the digital finance space with 24/7 accessible services such as loans, savings, insurance, and commodities, available to anyone or businesses around the world securely, without the need for any third-party intermediaries or institutions.

Users of De-Fi systems primarily benefit from exclusive control over their collateral assets, privacy, flexible loan payment features, and more transparent interest rates on borrowing stable digital assets.

Future implementations of stablecoins by several wallet providers will facilitate easy access to swift transactions, any time around the world at a fraction of the cost of traditional financial systems.

Benefits of joining CorionX and the#MoneyInTheRightDirection Movement

The foundation aims to support the development and expansion of stablecoins and cryptocurrency as a safe borderless payment system, that encourages entrepreneurs, stakeholders, business institutions, students and commodity merchants to participate in the OpenFinance economy with added benefits.

• Mutual infrastructure (e-wallet services, atomic token swaps, merchant gateway and De-Fi)
• Participation in the stablecoin global campaign to #MoveMoneyInTheRightDirection
• Incentivizing the use and staking of the CorionX utility tokens for a quarterly 2.5% loyalty reward
• Identifying stablecoin projects, and exploring ways to collaborate on achieving common goals
• Business consulting, project rating and white paper review
• Reaching out to stakeholders (regulators, investors, traders, market makers, exchanges, and insurance companies) to engage them on the stablecoin movement and business collaboration
• Providing access to information about crypto asset management, Know Your Customer KYC compliance processes, GDPR compliance and non-custodial storage security best practices.

The Foundation will negotiate partnerships and white label services to promote the expansion of the CorionX user community, and the stablecoin community worldwide using a unified platform.

Early investors can participate in the 1st round IEO token sale taking place on ProBit Exchange on 20th July 2020.

Follow CorionX on Telegram, Twitter, Facebook, LinkedIn, Instagram and YouTube!

“Stablecoins & DeFi Money In The Right Direction” Movement

Stay tuned and follow the ‘Stablecoin Movement’ on Twitter, Medium, Facebook & Instagram !

Written by Richmond Afenyo

Visit the CorionX website for more information and get in touch on social media platforms. 

Website: https://corion.io/corionx/ 

Telegram: https://t.me/corionx

Twitter: https://twitter.com/CorionPlatform

Facebook: https://www.facebook.com/CorionFoundation

Instagram: https://www.instagram.com/corionplatform/ 

Youtube: https://www.youtube.com/watch?v=AaSJ2_HhF8I&t=16s

Medium: https://medium.com/@Corion 

LinkedIn: https://www.linkedin.com/company/corionplatform/

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