We are sending out this update to advise you of the current status of the deployment schedule for all remaining core functionality for V1 of the Coin Exchange.
Since our last update, we have continued to recruit and onboard new members to our team.This includes operational and engineering roles bringing our total headcount to seven. We have implemented a number of bug fixes, product improvements, feature requests, and deployed support for sending and receiving Bitcoin.
A decentralized non-custodial cross-chain wallet is not as simple as it may sound. Unlike centralized or custodial products that are able to control data and/or…
We are sending out this update to advise you of the current status of the deployment schedule for all remaining core functionality for V1 of the Coin Exchange.
We have onboarded a number of our new team members and integrated them into our engineering efforts. They have been working together to continue the deployment of the remaining core functionality of Coin Exchange V1 to MainNet. We have successfully completed testing of the core functions within the Coin Exchange including sending, receiving, and exchanging cross-chain between $BTC, $ETH, and $COIN. …
In a year filled with plague and disruption, 2020 was one that resulted in transition and positive momentum for Coin. We transitioned to a sole focus on decentralized finance (DeFI) and $COIN from a security to a utility token. Additionally, reshifted focus on the following three priorities:
These priorities will continue to ensure that Coin is in complete alignment with our token holders. This has included the Coin network’s revenue model which guarantees that the team will only be rewarded as the network grows and value is created for $COIN. …
Happy holidays to you and all of your loved ones around the world! We wanted to provide an update regarding to token events:
For all previous holders of $COIN, we completed an airdrop of 2% of the total token supply. More specifically, we used 2% (2,142,857) of the total token supply of 107,142,857 and distributed that amongst the old token holders to demonstrate our appreciation for your continued support through the years. The distribution was in accordance with current balance and did not include any corporate addresses. This resulted in…
So let’s first talk history. We started our journey in 2017 and began using the ticker symbol/mark $COIN as our token ticker symbol for the following reasons:
As with other IP, we found value in this asset and wanted to protect the symbol for the best interests of our business and our token holders (which is not an uncommon practice). This process included months of time and resources working alongside the…
We are excited to reveal details of our staking rewards program. This is a program that gives stakers the opportunity to earn rewards as a direct result of revenue from the Coin Exchange platform. As a staker, you earn more $COIN as the Coin ecosystem grows!
By staking your $COIN and participating in the Coin staking program, you accrue rewards immediately. Each month Coin’s staking rewards will be calculated at 7% of the current $COIN in the staking reserve (21,785,714 $COIN). The first month’s rewards are 7%, approximately 1,525,000 $COIN, that will be distributed across all stakers. Each month thereafter…
Hello Coinvestors;
Let us begin by saying that today is a milestone day in many aspects. It marks the culmination of months of work and planning. We were very excited about this release of our DEX to MainNet and all the activities planned around this.
We have always endeavored to be completely transparent with our Coin family and that continues with this update. Our plan has been to execute the following activities today on Monday, December 21st:
Today, the traditional financial system operates on a centralized model. With forms of money that always require third party custody and arbitration, we miss out on the benefits of programmability and automation, not to mention the lack of real ownership and risks of censorship.
This changes with the advent of Bitcoin and blockchain technologies, which enable people to both own and program money. The result is the rapid advances in peer-to-peer (P2P) finance, transactions that do away with centralized intermediaries. One key innovation which enables this is Hash Time Locked Contracts (HTLCs).
Simply put, HTLCs are time-bound conditional payments through…
On October 16 this year, OKEx, one of the largest crypto exchanges in the world, suspended all cryptocurrency withdrawals after one of its keyholders Star Xu was being investigated by the public security bureau in China. It exposes one of the key weaknesses of centralized exchanges — that users are not in control of their private keys and cryptocurrency holdings.
It is an irony for the crypto industry, which prides itself on its decentralization ethos, to be dominated by centralized exchanges. The custodian of funds and processing of transactions on behalf of users has led to many problems, including costly…
In the last article, we explored the primary risk that users face while using a centralized exchange, namely the relinquishing of control of cryptocurrencies’ private keys and personal information to the exchange. As security and privacy are increasingly valued by users, more and more centralized exchanges are implementing decentralized technologies.
The most popular format for a decentralized exchange is a decentralized gateway. This can be thought of as a network of gateway keepers that hold digital assets sent to them by users who are then issued IOUs for trading.
Here is the key improvement over centralized exchanges: the IOUs issued…
DeFi made simple.