How to Avoid Forex Trading Scams - The Balance

Which Forex Broker is the most reasonable for you in 2020? Immediate Edge

Is it accurate to say that you are new to the universe of digital money? Or then again perhaps would you say you are attempting to improve your game at web based exchanging? In any case, we are here to help you not surprisingly. In this article, we will discuss probably the best specialists. In the wake of perusing this cautiously, you will have the option to choose which merchant is generally appropriate for your necessities and you won't need to experience superfluous and futile information by any means!

There are times when we as a whole get befuddled. In any case, in the realm of online crypto exchanging that happens at mechanized stages, this disarray duplicates to an alternate level. In that capacity, we can't choose which stage is directly for us in view of the sheer number. In the event that you look into best representatives on the Internet, you will get a whole rundown to browse. All things considered, the disarray emerges, and it's totally typical.

Be that as it may, don't stress, it isn't extremely hard to choose which specialist is the most appropriate for you. We state so on the grounds that in this article you will become more acquainted with that. Incidentally, we additionally have some extremely nitty gritty audits which you can gaze upward to on the off chance that you waitlist any from this rundown. We will talk about the fundamental capacities that each merchant ought to give and take out the awful ones.

So would you say you are prepared to investigate the absolute best specialists accessible on the cryptographic money scene? How about we begin!

Subsequent to examining a great deal about an assortment of highlights that these representatives give we can say that the three top agents are EuropeFX, I Trader and 24 Option. These intermediaries have the stuff, however on the off chance that you need more data read the entries beneath.

Accomplish they work under exacting guidelines?

At whatever point you need to look into the authenticity of a specific merchant, you ought to legitimately take a gander at the affirmations that it consents to. You can distinguish a dependable specialist on the off chance that it works under known associations and exacting conditions. Maxiflex Global Investment Corporation Limited possesses EuropeFX. This is a Cyprus-based forex merchant that is government directed. It additionally agrees to the Cyprus Securities and Exchange Commission. In that capacity, it is an extremely sheltered association to put resources into.

iTrader is additionally authorized and headquartered in Cyprus and consents to the association referenced previously. In the event that we talk around 24 Option, at that point it is a firm under Rodeler Ltd which additionally meets under the Cyprus Securities and Exchange Commission. Also, this firm has separate licenses in three nations, which ensures its authenticity.

Shouldn't something be said about their exchanging stages?

It is noteworthy for a brilliant agent to have a real exchanging stage. The arrangements that are set by top notch exchanging stages help the client to make the perfect measure of benefit. This is a direct result of an assortment of highlights, for example, the execution of the exchange, the administration of the record, the banking related highlights, and so forth help in the simple exchanging process. In that capacity, we can say that all the previously mentioned three dealers qualify this model.

All the three merchants give the meta broker 4 stage, which is the most recent variant of best quality robotized web based exchanging. Besides, the program rendition is a simple safe choice. There are no issues in the event that you have an alternate working framework as the applications can be downloaded on both Mac just as Windows. This implies in the event that you have an application you won't need to trust that your increasingly noteworthy gear will put the arrangement and you can do it in a hurry.

Could exchanging be carried on portable?

In this time of bleeding edge innovation, each specialist needs to guarantee that they give the best capacities. The dealers that we're discussing here qualify this basis as well. The 24 choice lets the dealer pick between the meta merchant form or with the organization's Scipio exchanging stage. The last is relatively progressively agreeable to utilize, and accordingly, the clients incline toward it more.



EuropeFX is likewise interesting in such manner. It gives a cloud-based algorithmic dealer called Trade Works which consequently executes all the arrangements. The clients make all the settings, and it can straightforwardly interface with the meta merchant 4 stage too. Every one of these highlights make these specialists exceptionally real.

Is it accurate to say that they are assorted in their benefits? Immediate Edge

If there is just a single resource that can be exchanged on a specific stage, at that point a great deal of clients or merchants won't be pulled in by an agent. This is the reason to keep themselves ahead in the race, every one of these merchants have ensured that they incorporate a different assortment of advantages that can be exchanged. This draws in a ton of brokers and the guidelines that they work under guarantees the security of the speculations.

There are in excess of hundred basic resources that can be exchanged on iTrader, 24 Option just as EuropeFX. A few resources incorporate the world's huge monetary forms while some minor monetary forms are additionally included. Besides, there are various fascinating monetary forms also. These merchants additionally offer a decision of different resources including cannabis, wheat, unrefined petroleum, gold, silver, and so forth. Digital forms of money are likewise bolstered on all the three programming.

Are there any Educational assets and instruction focuses?

You will be amazed to realize that a greater part of brokers nowadays are newcomers. This implies they don't have any thought regarding the intermediaries or how speculations are made. Besides, there are a great deal of expert brokers who need to improve their hand at setting bargains. This is the thing that the noteworthiness of instructive assets is to be comprehended. Every one of these assets help the newcomers just as the different inquisitive individuals to become familiar with the Automated exchanging scene.

You'll be charmed to realize that itrader, EuropeFX just as 24 Option give a broad measure of instructive assets. These assets are accessible in the arrangement of digital books, online courses, aides, courses and significantly more that can be handily gotten to by a newcomer. Accordingly, not exclusively do these dealers mean to deliver benefits, yet they additionally plan to educate the peruser about the speculations, the dangers and the information that goes into this business.

Do these dealers give client care administration?

At that point after you have perused a hundred audits and steps to put an arrangement on mechanized exchanging stages, you won't have the option to get a continuous encounter. Be that as it may, a constant experience accompanies issues and issues moreover. A real agent will consistently furnish you with a day in and day out client care administration to help you at whatever point you need assistance. Accordingly, you don't need to burn through a ton of time stressing and making all the more off-base strides.

The group of 24 Option helps with an assortment of dialects including French, Spanish, German, Italian and Russian, to give some examples. This client care is accessible through telephone, email and live talk. iTrader likewise accompanies email, web based life, live visit and contact structure alternatives. This intermediary additionally gives assistance in a wide range of dialects. EuropeFX is accessible by means of phone hotline in the UK, Germany, Italy and Cyprus. The words utilized in help incorporate Italian, Dutch, Swedish and German.

End:

A speculator has to know the nature of its venture programming. Since the job of a merchant in robotized exchanging stages is urgent. We can guarantee you that our audits depend on helpful quality information just as ongoing experience. All the dealers referenced above give great highlights, and you don't need to stress if on the off chance that anything turns out badly on the grounds that they will be ever prepared to help you through their client care hotlines.

Expectation that you're contributing experience ends up incredible. Upbeat exchanging!

Which Forex Broker is the most appropriate for you in 2020?

It is safe to say that you are new to the universe of digital currency? Or on the other hand perhaps would you say you are attempting to improve your game at internet exchanging? In any case, we are here to help you of course. In this article, we will discuss the absolute best specialists. Subsequent to perusing this cautiously, you will have the option to choose which agent is generally reasonable for your prerequisites and you won't need to experience superfluous and inconsequential information by any means!

There are times when we as a whole get befuddled. However, in the realm of online crypto exchanging that happens at computerized stages, this disarray duplicates to an alternate level. In that capacity, we can't choose which stage is directly for us on account of the sheer number. On the off chance that you look into best representatives on the Internet, you will get a whole rundown to browse. All things considered, the disarray emerges, and it's totally ordinary.

In any case, don't stress, it isn't hard to choose which intermediary is the most reasonable for you. We state so in light of the fact that in this article you will become acquainted with that. Incidentally, we additionally have some nitty gritty audits which you can turn upward to in the event that you waitlist any from this rundown. We will examine the basic capacities that each dealer ought to give and dispose of the awful ones.

So would you say you are prepared to investigate the absolute best merchants accessible on the digital money scene? How about we begin!

In the wake of looking into a great deal about an assortment of highlights that these merchants give we can say that the three top intermediaries are EuropeFX, I Trader and 24 Option. These intermediaries have the stuff, however on the off chance that you need more data read the sections underneath.

Accomplish they work under exacting guidelines?

At whatever point you need to look into the authenticity of a specific representative, you ought to legitimately take a gander at the accreditations that it follows. You can recognize a reliable representative in the event that it works under known associations and severe conditions. Maxiflex Global Investment Corporation Limited claims EuropeFX. This is a Cyprus-based forex merchant that is government managed. It likewise agrees to the Cyprus Securities and Exchange Commission. In that capacity, it is a protected association to put resources into.

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China's investment in the United States during the trade war declined by 90%

China's investment in the United States during the trade war declined by 90%
China’s direct investment in the United States has fallen from $ 46 billion in 2016 to $ 5 billion in 2018 since President Donald Trump took over. This is evidenced by the data of the research company Rhodium Group, New York Times reports.
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According to the publication, a number of industries suffered from the reduction of investments, including the US real estate market and Silicon Valley start-ups.
"The fact that the foreign direct investment has fallen so sharply is symbolic of how badly the economic relationship between the United States and China has deteriorated,” said Eswar Prasad, former head of the International Monetary Fund’s China division. “The U.S. doesn’t trust the Chinese, and China doesn’t trust the U.S.”
The publication believes that the reduction of investment from China is unlikely to undermine the US economy but can cause serious damage to state that depend on Chinese money, citing the example of Michigan.
“I certainly hear in conversations with investors a lot of concern about whether the U.S. market is still open,” said Rod Hunter, a lawyer at Baker McKenzie who specializes in foreign investment reviews. “You have a potentially chilling effect for Chinese investors.”
The president of the US-China Business Council, Craig Allen, argues that this will be felt especially in the "rural" states, where Chinese investors acquired factories and created new jobs.
Earlier, US Secretary of Agriculture Sonny Perdue said that President Donald Trump had instructed him to prepare a plan to support farmers who would suffer from a new round of the US-Chinese trade war.
You can find more information about the stock market, commodity market, and FOREX on the ITRADER site.
This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. Past performance is not a reliable indicator of future results.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 87.07% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Legal Information: ITRADER is operated by Hoch Capital Ltd., a Cypriot Investment Firm (CIF), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 198/13, in accordance with the Markets in Financial Instruments Directive (MiFID II).
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Everything You Need to Know About WaykiChain

Everything You Need to Know About WaykiChain
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What is WaykiChain?

WaykiChain is a block public chain focusing on blockchain technology development and related operations. WaykiChain has positioned itself as an infrastructure that is based on both Ethereum and Blockchain, intending to trigger a collective growth of different industries by presenting an enterprise solution.

Determined to build a world-class decentralized platform and ecosystem, WaykiChain launched the first smart-contract-based game prediction DApp in May 2018 with over 130,000 install volume, token WICC listed in 100+ exchanges, peaking at $3, community members over 300K, is believed to be innovating a new business model in the new era.
WaykiChain, a team focused on blockchain industry’s foundation and application development, now consisting of nearly 70 people, with core members from world-renowned companies such as Alibaba, Tencent, Morgan Stanley and Intel, is hoping to ultimately achieve an ecosystem that everyone can participate in the building and share the results.

Where is WaykiChain Heading?

The future of WaykiChain is a big community-driven public chain ecosystem. WaykiChain aims to build a decentralized application platform that can provide users with complete on-chain smart contract system. Anyone can realize their business ideas on WaykiChain and develop their own DApp, and build their own brands.
WaykiChain takes decentralized prediction, assets trading and forex trading as entry industries to expand markets in the early stage. After accumulating plenty of application users and developers, WaykiChain will gradually perfect its upper blockchain applications.
Currently, WaykiChain tech team is focusing on underlying public chain development. WaykiChain will provide friendly development environment to developers with sufficient development templates an interfaces. Besides, WaykiChain team plans to take a part of WICC as reward those developers who have made important contributions to the community. WaykiChain is committed to building an underlying technology platform that truly integrates blockchain application and real business. Along with its development, WaykiChain will gradually grow into a big ecosystem with totally decentralized operations, and brings the convenience of blockchain to every user.

Further Reading

White Paper
WaykiChain white paper is in update now, and will be available soon.
Huobi Project Center
https://www.huobi.br.com/projectcenteproject/?id=91&utm_source=Marketing&utm_medium=Referral&utm_campaign=WICC
Waykichain Developer-Friendly Community
http://www.waykichain.com/announcement.html?id=887

WaykiChain’s Technology

Consensus Mechanism
Delegated Proof of Stake (DPoS) is a consensus algorithm maintaining irrefutable agreement on the truth across the network, validating transactions and acting as a form of digital democracy. Delegated through token holders’ vote, ledgers nodes will package all the transactions in the block and get corresponding reward. DPOS can maximize token holders’ interests and network performance, meanwhile minimize the maintenance and operation costs.
WaykiChain adopts DPoS, which is the most adaptive consensus mechanism for developing and operating applications on chain. The block is successively generated by 11 ledger nodes. Every 10 seconds, a new block will be generated on WaykiChain. Verified by WaykiChain mainnet operation, the transaction confirmation speed can reach 1000+tps.
Vote Mechanism
WaykiChain adopts DPOS consensus mechanism with 11 ledger nodes. When a block is generated, a node is elected with the most votes according to random perturbation algorithm from the 11 nodes. Then ledger node gains all of the transaction fee in its ledger block. Users can get proportionate votes by locking their WICC. Every node can be cast for 11 candidates at most. Every voted user will be awarded proportionate interest. When users’ corresponding accounts’ votes changes, the interest from voting will be received automatically. The first year’s rate of interest is 5% and it will decrease 1% annually during the following years. Finally, the annual rate of interest will be fixed at 1% permanently.
Smart Contracts
WaykiChain is a smart contract platform that supports Turing devices. These smart contracts can help in a variety of real-world applications including copyright issues, decentralized exchanges and asset problems. It adopts DPOS consensus mechanism, sets up 11 voting nodes, and generates a new block every 10 seconds. According to detailed calculation by WaykiChain team, currently, the confirmed transaction speed can reach 1000+tps.
WaykiChain’s smart contract can be built using the programming language Lua. Lua was developed in the early 1990s and has an extensive developer community. It has been used in desktop development, web development and the Internet of Things. It also is one of the easiest programming languages and hence it provides an incentive for developers to code on WaykiChain’s platform.
Sidechain
The most popular smart contract cryptocurrency Ethereum, failed when Cryptokitties were released. Ethereum’s network was unable to handle the massive influx of users. Thus, scalability remains a huge problem. Fortunately, WaykiChain has a feature known as sidechains which can deal with huge amount of users. Applications built on WaykiChains will have their own sidechains and they are not linked in any way to each other.
WaykiChain Ecosystem Development System
WaykiChain ecosystem development system is driven and co-developed by three parties: WaykiChain core developers, open source community developers and business developers. In the decentralized system, WaykiChain team will provide technical standards and community contribution incentives to ensure that the entire ecosystem moves forward as a whole. On the basis of the underlying public chain, plug-ins, and smart contracts, business developers are able to develop applications efficiently and build their own brands with blockchain’s credit endorsement.
WaykiChain plans to establish Technology Research Academy to gather a group of outstanding developers with decentralized blockchain beliefs. WaykiChain will provide underlying technology support and standards. Developers in the academy can free communicate, learn from each other and co-develop a fully decentralized community.
Ecosystem Layered Architecture
WaykiChain technology stack consists of four layers: the core node layer, the wallet node layer, the application platform layer, and the DApp application layer. Any developer can choose which layer to start development based on their own development capability, business needs, and application flexibility needs. WaykiChain core technology team is committed to providing the develop-friendly interfaces of each layer and improving the technical documentation to help the community better build the ecosystem.

Further Reading

WaykiChain Github: https://github.com/WaykiChain/WaykiChain
How Does WaykiChain Work?
WaykiChain uses a DPoS consensus mechanism with eleven accounting nodes. The annual rate of return is 5% for the first year, with a 1% increase with every year that goes by. Each time a block is created, an accounting node is randomly associated. The accounting node gains all of the transaction fees in its accounting block. Users can earn interest by locking WaykiChain coins. The interest is automatically determined each time the votes for the corresponding user account change.
The terms of betting are triggered by the initiator through smart contract transactions. Users can initiate various betting contract transactions, all of which can be searched and identified in the block browsers. When the betting is over, the bet initiation will publish the final results and the gaining will be then shared accordingly. In short, the betting revenue is automatically issued to the user’s wallet after the betting results are displayed.
The smart contract provided by the platform makes it possible for asset initiations to create dividend sharing rules. These rules are only triggered by various conditions. Hence, the final price of the assets in circulation will be determined by the market’s behavior towards the object in the transaction.

WaykiChain Applications

Token System
Waykichain Token, WICC is a token only used and circulated in WaykiChain Wallet DApp. WICC itself does not have any FIAT characteristics. By consuming WICC as a kind of fuel, users can use applications on WaykiChain; by locking their WICC for a certain period of time, users can share the revenue from WICC Lock Revenue Sharing Plan; and by voting for effective and stable accounting nodes, users can earn related interest. WICC can be obtained by participating in the lock plan, by accounting, voting, and subscription, or by trading with other holders. This means WICC will be listed on lots of exchanges and traded with other cryptocurrencies, thus WICC also has trade value.
WaykiChain Block Explorer
WaykiChain official block explorer is a data display system for WaykiChian applications, which displays the WICC transfer and transaction records, account balances, prediction games transactions, and payout results according to application data on the blockchain. All data is open and transparent and inherently irreversible.
WICC Lock & Revenue Sharing Plan
In order to reward all community supporters and provide a channel for application operators to make retribution to community, WaykiChain launched WICC Lock & Revenue Sharing Plan. Application operators can provide a portion of the proceeds to the community members to encourage their contribution to the entire public chain, and to motivate the community to continuously improve the public chain as a more robust underlying system. Investors can lock their own WICC, as a way of showing long-term optimism about the project, to get a certain amount of revenue.
Investors can lock a certain number of mainnet WICC through the entrance in WaykiChain DApp. During the lock period, this part of WICC cannot be traded, transferred, or consumed as transaction fee. When the lock period expired, WICC will be automatically unlocked and become tradable. During the lock period, investors will receive WICC revenue at the end of each month. The amount of each investor’s WICC revenue is related to his/her WICC lock volume and duration, total WICC revenue generated during the period, and the total WICC lock volume and duration of all investors participating in the lock plan during this period. Specific calculating formula is as follows:
WICC Lock revenue Calculation Formula:
Each investor’s daily WICC revenue = Each investor’s lock index / The sum of each investor’s lock index * Total WICC revenue that day
Each investor’s lock index = Each investor’s WICC lock volume * Time index * Volume index

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Time Index Table
Decentralized App
The first smart contract based application delivered by WaykiChain’s team is the WaykiChain decentralized betting application. In this application, the smart contract will assign a time duration in which the user can engage in the betting process. All the conditions related to betting will be given. When a bet is finished, the contract will release the results. The smart contract will then reward the winners.
This DApp was launched in May 2018, attracting over 130,000 users to download and bet and has been upgraded to V2.1 ever since. The latest product WaykiBet DApp V2.5 is planned to launch in November along with a new WaykiChain wallet.
WaykiBet V2.5 enables a new feature that everyone can be a bookmaker. With the authoritative event data and services provided by WaykiChain DApp, user even without any technical or product background can build a bet in simply one-click. And at the end of the game, WaykiBet will automatically call the smart contract to calculate the bet results and deliver payouts, without any manual participation.
Besides, WaykiBet V2.5 has exempted the betting fee through the structure optimization and allows the player to participate in the betting directly after creating a new wallet without activation to ensure users outside of the cryptocurrency industry can be involved in the easiest manner.
WaykiTimes Wallet
The new WaykiChain wallet, named as WaykiTimes will retain the original wallet functions, such as Lock Revenue Sharing and node voting. The newly added “Forum” gathers the community of WaykiChain and blockchain together, will become an ecology of open communication. Meanwhile it will has a “News” section to meet different users’ needs. In the future, WaykiTimes will implement WaykiChain token economy to encourage the community members.
Getting Setup
Download WaykiBet DApp V.2.5 at official website: https://www.waykichain.com/

Meet the Team

WaykiChain team is comprised out of over 60 individuals with relevant experience in marketing, business, betting, lottery, betting and crypto industries.
Wayki Sun, Founder & CSO
One of the earliest digital currency investors and entrepreneurs in China. The founder of Xinhuo Network, the founder of Ou Lu Zhong Chou and the Managing Director of Jufeng Digital Asset Management Co., Ltd. Sun led an investment team of hundreds of people with great achievements made in stock, foreign exchange, futures and digital currency markets.
Gordon Gao, CEO
Gordon Gao, an alumni of Columbia University, ex-Lead Data Scientist of Fishbowl in Wall Street, ex-Senior Data Analyst of Alibaba Group, senior member of Mensa International Club. He is responsible for offering support to WaykiChain’s commercial model designing and strategy planning, building up a digitalized monitor system for products and operation and promoting WaykiChain overseas with his international background.
Tony Chau, Co-founder & CBO
Bachelor’s Degree in Finance from the University of Toronto in Canada and served in Hongshang Asset Management Co., Ltd. Focused on industrial surveys and commercial analysis, with in-depth research and distinctive perception on business operation models, and professional financial knowledge and complete project experience.
Tame Huang, Chief Consultant
The founder of BTC38, served as Product Manager and Project Manager of Tencent, Vice President of Fantasy Basketball, and Chief Strategy Officer of Licai Box; Huang was involved in the investment on more than ten high-tech enterprises, such as Jidian Technology, Yixiang Network, Maoming Rural and Commercial Bank, Jujin Technology, Cointime, etc., and established the Bitcoin Time Digital Currency Exchange in May 2013.
Xi Zhang, CPO
Tsinghua MBA, former Senior Product Manager of Tencent. Xi Zhang has been engaged in Internet industry for 14 years with several entrepreneurial experiences. In 2008, he joined aibo123.com as Product Director, responsible for the product design and operation of Olympics lottery. In 2014, he stared his own business and founded QiuShang APP, the first prediction APP in China applying big data prediction with 8% return rate and 67% win rate. In 2016, as a partner, he joined the Haiqiu Technology founded by famous football player Sun Jihai, responsible for the Miaohai business unit. He was fully responsible for the products, technology, operations, and marketing of Miaohai sports short video APP. The total downloads of Miaohai APP were 6 million and daily active users were 1 million.
Richard Chen, CTO
Master of Computer Science from the National University of Singapore and Bachelor of Communication Engineering from Shanghai Jiao Tong University. Richard worked for Alibaba and was responsible for the internal and external information security system construction of the entire groups Customer Service Department. Prior to this, Richard also served as Senior Vice President for the worlds top investment bank Morgan Stanley for 3 years and Intel Chief Architect for 8 years. Richard has received four US patents and won Intel Achievement Award (IAA). Richard has published several global patents in encryption technology, distributed network communication and collaboration, and big data.
Xiang Li, CMO
MBA degree from Tsinghua University, former COO of Brightoil Online under Brightoil Petroleum (Holdings) Limited, senior manager of Dacheng Food (Asia) Limited, has over a decade of experience in marketing and brand building. Ms. Li is an expert in building brand strategy, brand positioning, advertising channels, event marketing, crisis management, etc. Now Ms. Li is the marketing director of WaykiChain, responsible for the brand operation of WaykiChain in the global market and marketing cooperation.
Getting Connected:
  1. Website: https://www.waykichain.com/aboutUs.html
  2. Telegram: https://t.me/wiccofficial

FAQ:

What is WICC? How to Buy WICC?
WICC is the token launched by WaykiChain. In order to buy WaykiChain (WICC), we recommend you to buy some BTC or ETH (the highest volume trading pairs) from an exchange that accepts them. Then, you will have to find a marketplace that sells WICC in exchange for the aforementioned cryptocurrencies. We recommend you to buy WICC at AEX or Huobi Exchange (AEX has already supported WICC mainnet migration, Huobi will support the migration in November, 2018). For more information on this matter, you can visit CoinMarketCap.
When it comes to storing your WICC coins, it’s recommended that you use the official WaykiChain wallet. By consuming the tokens, you can also use various applications on WaykiChain.
What is the use of WICC?
WICC is a token used and circulated in WaykiChain Wallet DApp. WICC itself does not have any FIAT characteristics. By consuming WICC as a kind of fuel, users can use applications on WaykiChain; by locking their WICC for a certain period of time, users can share the revenue from WICC lock plan; and by voting for effective and stable accounting nodes, users can earn related interest. WICC can be obtained by participating in the lock plan, by accounting, voting, and subscription, or by trading with other holders. WICC has been listed on over 100 exchanges and trading with other cryptocurrencies for almost 1 year, thus WICC also has trade value.
What are WaykiChain’s advantages as a public chain 3.0?
There are three different types of blockchain: public chain, consortium chain, and private chain. Public chain refers to the consensual blockchain that any individual or team can read and send transactions to, and obtain valid confirmation. Public chain, also known as the non-license chain, is totally open to the whole network that any node can access or leave at any time without any permission. As a public chain of blockchain 3.0, WaykiChain has the advantages of high speed, high stability and flexibility, and low handling fee, providing rich development tools and perfect development environment for worldwide developers. Adopting DPoS consensus mechanism, sidechain technology and other technologies, WaykiChain can process 1000+ transaction requests per second. Relying on its strong strength of underlying technology and innovation, WaykiChain can effectively support high-traffic application scenarios and realize the landing of WaykiChain ecological applications.
What is WaykiChain decentralized betting application?
WaykiChain decentralized betting application is the first smart contract application launched by WaykiChain team. Each betting is triggered by the application developer via a smart contract. During the period specified in the contract, the users can initiate betting transaction, and all betting records can be traced on the blockchain browser and can never be tampered with. The smart contract will automatically reward the winners based on the final result. WaykiChain will use smart contract to automatically execute the game rule on its public chain. Instead of relying on trust between people, WaykiChain betting application adopts trust among machines to save credit costs, and guarantees full compliance with the rules setting. Besides WaykiChain Official, the developers of the decentralized applications can be any other third-parties. WaykiChain welcomes all developers to join.
What is WaykiChain Address?
WaykiChain address is a 34-bit string consisting of English letters and numbers that may look like digital gibberish. My WaykiChain address WXv6xP8yVW4PkZ3DPvxqfBtfz7Bof1RJHm, as an example, looks like this. All transfer records for each WaykiChain address can be found through the blockchain explorer. The address is a personal WaykiChain account like your bank account number. Anyone can transfer WICC to you via your WaykiChain address. How do I get my own WaykiChain address then? You can download a WaykiChain Wallet on WaykiChain official website, or register one on trading platforms. Each user’s WaykiChain address is unique. It should be noted that each WaykiChain wallet can only create one address, therefore the wallet mnemonics must be kept carefully.
What consensus mechanism does WaykiChain adopt?
WaykiChain adopts DPOS consensus mechanism, a new algorithm to guarantee the security of cryptocurrency network. DPOS consensus mechanism can offset the negative effects of centralization through implementing technology-based democracy, and maximize the effectiveness of the public chain through nodes accounting. DPOS can be understood as giving the token holders a key to open the voting rights corresponding to their tokens, instead of giving them a shovel to mine. DPOS can maximize the profitability of the token holders, minimize the cost of network security, maximize the efficiency of network, and minimize the cost of network operation. WaykiChain has 11 accounting nodes in total. The nodes are generated by the token holders’voting. If nodes are making trouble or cannot account normally, the token holders can change their votes, so that there will be other nodes to replace to ensure that the public chain can be operating normally.
What is WaykiChain mainnet migration?
WaykiChain (WICC) mainnet migration is the process of replacing the previous Ethereum-based token ERC20 TOKEN with WaykiChain mainnet token. WaykiChain public chain, through several months of testing and rigorous evaluation from the exchange platforms after its release, has been fully proven to operate efficiently and stably. Mainnet migration marks that WaykiChain public chain is actually putting into use. After the mainnet migration, various applications and developments based on WaykiChain can be launched, and the service period of WaykiChain public chain truly starts. The dividend mechanism, voting mechanism, gas consumption, and accounting fees on WaykiChain ecosystem are all completed by the mainnet token. The previous ERC20 tokens do not have these functions. By the end of June 26th, AEX Exchange, CEO Exchange, and Bying Wallet have supported WICC mainnet migration. There will be more exchanges and wallets supporting the migration in the future. Please follow WaykiChain’s Wechat official account for more details.
Are there any requirements or restrictions for developing projects on WaykiChain?
WaykiChain’s code is completely open. WaykiChain welcomes third parties worldwide to develop, carry and operate various application products on WaykiChain, and finally form a diversiform public chain community ecology. WaykiChain is happy to provide public chain technology support for any individuals or third parties. Applications developed and operated by third parties, based on WaykiChain public chain, need to comply with local laws and policies. Only after obtaining related licenses, permits or qualifications required by local laws and policies, developers and operators can launch and operate their applications on WaykiChain. Because of blockchain public chain’s globality, anonymity, open code, and the limitation of our ability, WaykiChain Official cannot judge the identity of third parties, nor have the ability and right to verify, supervise, control or interfere the third parties. Therefore, third parties should bear responsibility of their own actions.
What is WaykiChain Block Explorer?
WaykiChain Block Explorer is a system that displays all transaction information on WaykiChain and provides visualized track services. Technically, a block explorer works by scanning the block into the database server and then setting up a Web access service. Users only need to import the transaction hash to check whether the transaction has been packaged and confirmed. From the point of product, block explorer is more suitable to be called as asset explorer, which provides asset certification for users so that they don’t have to visually identify or manually analyze the transactions themselves. The block explorer also provides statistics of blocks and transactions, helping users to directly understand the activity of the blockchain. The statistics can also be translated into various indexes for investors to understand the project. To track the transactions, users can search relevant information on WaykiChain official website through WaykiChain wallet address, transaction hash or block height.

Further Reading

https://www.waykichain.com/question.html

Wish List for WaykiChain

Just thinking it would be great to create a post for everyone to post what they want to have for future releases of the Waykichain DApp or anything related to using Waykichain.
Welcome feedback from the community, so please do get in touch. Want to dive in further? Follow WaykiChain onTwitter, Medium and LinkedIn.
submitted by Waykichain to u/Waykichain [link] [comments]

MEDICALCHAIN REVIEW

A lot of people are talking about this project and as a potential investor i decided to run some checks on it and see if it's worth. Everyone is pumped about it but after a closer look I'm not sure it's worth its price. Therefore let's have a look at the facts :
Medicalchain.com LTD
The company was incorporated on 28/06/2017 under the name MEDICALCHAIN.IO LTD as a private company limited by ordinary shares.
Three directors are appointed: Mr. Mohammed Tayeb, Mr. Abdullah Dafir Albeyatti and Mr. Bara Mustafa.
The initial shareholdings (total of 999) are split in 3 equal parts:
1/3 (333) owned by Mr. Abdullah Dafir Albeyatti
1/3 (333) owned by Mr. Bara Mustafa
1/3 (333) owned by XL CAPITAL VENTURES LTD (owned by Mohammed Tayeb and Omar Tayeb)
At 24/07/2017 the number of shares is increased to 1332, with XL CAPITAL VENTURES LTD holding 666 ordinary shares.
At 13/08/2017 XL CAPITAL VENTURES LTD cease to be a shareholder, with MR Mohammed Tayeb now holding the 666 shares previously held by XL Capital.
At 14/08/2018 MEDICALCHAIN.IO LTD becomes MEDICALCHAIN.COM LTD
Below you can find a bit about every member of the team starting with the top dogs.
MOHAMMED TAYEB :: Director
MR MOHAMMED TAYEB description taken from medicalchain.com.
Mr. Mohammed Tayeb is a Partner at Hearn Capital Limited. Mr. Tayeb co-founded ReadyCache. In 2010, he headed up the development side of morethan.com. During his time there, Mr. Tayeb architected and developed a system to drive down online fraud, saving its over £40 million. Prior to that, he ran a boutique consultancy business in the field of mobile web and application development. Together with his brother and Co-Founder, they own over eight games and utility applications on the Apple and Google Play apps market, with over 10 million downloads. Mr. Tayeb is an internet entrepreneur, investor, and founder of several technology and e-commerce start-ups. As well being a Partner in Hearn Capital, he is also a Non-Executive Director on the board of Salic. Mr. Tayeb specializes in bringing together technological efficiencies to the business world. He has a degree in e-commerce from Brunel University and an Executive MBA from the University of Oxford.
I’ve done an extensive background check and noticed that Mr Mohammed Tayeb has had his fingers in many pies since 2010 being appointed director in and out of more than 15 companies. I am not sure if I would trust him with my money as it looks like he cant commit to something for a longer period of time.
Below you can find part of his work history:
MONSTER TECHNOLOGIES LTD :: Director since 9 January 2017 :: Active - no information found
HEARN CAPITAL LIMITED :: Director since 21 January 2016 :: Active
The company is owned from background by Influential (Holdings) Limited owning more than 50% of shares with a total equity of £1.7 mil.
Basically Influential Holding has lent Hearn Capital 1.2 million to invest in different companies. To me it looks like Mohammed has no skin in this as Influential Holdings Limited is owned by Mr Andrew Richardson and Mr John Edward Simpson.
GOODSHAW CAPITAL MANAGEMENT LTD :: Director since 6 January 2016 :: Company still active Dormant company aka not carrying any business activity
DYNISTICS LIMITED :: Director since 03/03/2015 :: Company still active
Acquisition of Dynistics https://www.dynistics.com/ :: a software company that Hearncapital bought in 2015 which counts colleges, NHS Foundation Trusts and recruitment agencies as clients.
Link for acquisition:https://www.insidermedia.com/insidemidlands/141513-hearn-capital-buys-solihull-software-company
Dynistics is listed as a “small company” and the directors have elected not to include a copy of the profit and loss account within the financial statements. Total equity registered at the end of 2016 : £16.557
SALIC(UK)Limited :: Director since 22/01/2015 :: Company still active
Saudi Agricultural and Livestock investment company: this company belongs to Ministry Of Finance (Saudi Arabia) and financed with over 300 million pounds in capital and 75% or more ownership.
The Travel booking Company LTD :: Director since 19/11/2014 : Dissolved 29/03/2016
XL Capital Investment LTD :: Director 17/03/2014 :: Dissolved : 04/07/2017 - no other information found
Global Labs Technology Limited :: Director since 10/12/2013 –Dissolved : 18/07/2016 - No record, probably westernlabs.com which has no track record nor an online presence
Ready Cache Technologies LTD :: Director since 01/10/2013 :: Dissolved : 04/07/2017 - ReadyCache is a website that accelerates your online content and delivers the best possible speeds to you.
Pepperstone Limited :: Director 13/02/2017 – 22/06/2017 :: Resigned (former 123FX.COM LTD)
Pepperstone acquired 123FX.COM LTD what is now its UK subsidiary from Mohammed Tayeb, who alongside his broker Omar Tayeb established an FCA regulated shell with plans to launch a retail forex brokerage called 123FX.com. The business was never launched, and instead was sold to Pepperstone in late 2015.
Pepperstone has suspended trading for clients in its UK subsidiary as the company is making some changes to its management structure and processes, and bringing on some additional resources in its UK office. To comply with its FCA obligations Pepperstone has had to temporarily suspend trading in the UK until all of the changes are complete and the additional resources are in place.
http://www.checkdirector.co.uk/directomohammed-tayeb/ https://www.leaprate.com/forex/brokers/pepperstone-swaps-phil-horner-mohammed-tayeb-board-uk-fx-relaunch/
Some other companies he had been involved with:
• Director House of Choice Stores LTD :: 2013 – 2016 Disolved
• Director XI Capital Ventures LTD :: 2014-2017 Disolved
• Director UR Trading :: 2002 – 2010 Disolved
• Director LOVEFRAGRANCE INTERNATIONAL LTD :: 2012 – Dissolved 2013
• Director DAR FIRST LIMITED :: 2007 – Dissolved 2011
• Director BLACKSTONE E-COMMERCE LIMITED :: 2011 – Dissolved 2013
All this information can be found at https://beta.companieshouse.gov.uk/ . You just lookup his name or company names and access the records.
** Mr. Abdullah Dafir Albeyatti :: Director**
Enthusiastic doctor with a wide range of skills and interests. Currently completing my general practice training in Leeds. Previous surgical trainee in the London Deanery. My ambition is to continue improving as a doctor and to develop myself in other fields of medicine and aesthetic training.
He is also the founder of dischargesummary.co.uk. The website is described as a website designed to streamline and lessen the work load placed on junior doctors by standardising the content of discharge summaries produced when a patient is discharged from hospital. This platform has allowed hospital departments to establish quality assurance and accurately produce reliable discharge summaries to effectively commute between hospital and community medicine.
I checked the website and 3 out of 6 features are under development. The site is now redirected to https://ds.medicalchain.com/
Mr. Bara Mustafa :: DirectoCTO
There is no mention of Mr Bara Mustafa on the mediclchain.com which is weird as he is one of the directors and shareholder. It looks like Mr Bara occupation is CTO, which surely would be of interested to the public. Mr Bara is also a OwneDirector of ENETIDEAS LTD since 2010 rendering services as IT Consultant.
https://www.enetideas.com :: the website is not functional, none of the products links are working.
Jay Povey :: Blockchain developer at medicalchain
His introductory linkedin line :
Self taught programmer, programming for 7+ years. BA(Hons) from Buckinghamshire New University. Since January I joined Medicalchain to help create a world class blockchain platform for electronic health records. Previously worked on forex trading algorithm using deep learning / pattern recognition techniques. I have had a keen interest in blockchain technology over the past 2 years. I have been learning the ins and outs of the technology and Im very excited about the future of blockchain. I see great potential for revolutionizing the way businesses are run.
He started coding for Medicalchain in 2017 previously working for 2 years for one of Mohammed companies ReadyCache which was dissolved.
I’m not sure about his experience developing “on forex trading algorithm” as at the previous company ReadyCache they were “building software that is making a difference to webmasters and large companies. We accelerate our customers’ websites, save our customers money and enhance user experience”
Before ReadyCache he worked for a college as an IT technicial and e-learning advisor.
Also I’m not sure what to make out of his facebook profile, he comes across a bit weird. Also on one of his facebook posts he was asking where you can buy bitcoin in may 2017 but on his summary : “I have had a keen interest in blockchain technology over the past 2 years. I have been learning the ins and outs of the technology and Im very excited about the future of blockchain”
https://www.facebook.com/jaypov
Robert Miller :: Director Of Business Development
Looks like his CV is somehow better than the rest, again worked alongside Mohammed at Goodshaw Capital for 1 year. Freelanced a few blockchain projects so I would say he is the one who will drive the project as longs as the money are coming in.
Linkedin https://www.linkedin.com/in/bertcmiller
Natalie Furness :: Communication Director
She has a background in healthcare industry, namely working as a physiotherapist since 2010. She also lectured for Physiotherapy and Sports Exercise Scientist students at Birmingham University and currently working as a project manager for a company offering solutions to the occupational health sector.
The rest of the team occupies either associates or consultants positions for a short period of time 2-3 months.
To sum it up : the initial £5000 pre-ICO investment is way way exaggerated based on the fact that there is nothing to show for at the present moment, just ideas. Mr Mohammed has started 15+ companies and most of them are dissolved which doesn't sound very promising. On top of that he now owns half the company whereas initially the company was split in thirds. Their CTO is not mentioned anywhere on the website but he is a shareholder in the company.
I would not recommend investing in the project right now and I would wait to see if the project would ever gain traction and materialize.
Below I listed some of the videos related to Medicalchain at different conferences / interviews :
https://www.youtube.com/watch?v=W4Bc4RiugMg
https://www.youtube.com/watch?v=F6WbFMt6Ic4
https://www.youtube.com/watch?v=NT-vRXZ2k-o
https://www.youtube.com/watch?v=devzmfzsh7E
https://www.youtube.com/watch?v=SA91OAaNZUo
https://www.youtube.com/watch?v=h_OdMREOpBI
https://www.youtube.com/watch?v=ebP5ZzQView
If you want me to run any other checks on other upcoming ICO please let me know.
submitted by cryptoflorin to ICOAnalysis [link] [comments]

Everything You Need to Know About WaykiChain

Everything You Need to Know About WaykiChain

https://preview.redd.it/uho8eww9npw11.png?width=880&format=png&auto=webp&s=960d1dc0f9afa9c17633a4fae2c43a41ace45260

What is WaykiChain?

WaykiChain is a block public chain focusing on blockchain technology development and related operations. WaykiChain has positioned itself as an infrastructure that is based on both Ethereum and Blockchain, intending to trigger a collective growth of different industries by presenting an enterprise solution.

Determined to build a world-class decentralized platform and ecosystem, WaykiChain launched the first smart-contract-based game prediction DApp in May 2018 with over 130,000 install volume, token WICC listed in 100+ exchanges, peaking at $3, community members over 300K, is believed to be innovating a new business model in the new era.
WaykiChain, a team focused on blockchain industry’s foundation and application development, now consisting of nearly 70 people, with core members from world-renowned companies such as Alibaba, Tencent, Morgan Stanley and Intel, is hoping to ultimately achieve an ecosystem that everyone can participate in the building and share the results.

Where is WaykiChain Heading?

The future of WaykiChain is a big community-driven public chain ecosystem. WaykiChain aims to build a decentralized application platform that can provide users with complete on-chain smart contract system. Anyone can realize their business ideas on WaykiChain and develop their own DApp, and build their own brands.
WaykiChain takes decentralized prediction, assets trading and forex trading as entry industries to expand markets in the early stage. After accumulating plenty of application users and developers, WaykiChain will gradually perfect its upper blockchain applications.
Currently, WaykiChain tech team is focusing on underlying public chain development. WaykiChain will provide friendly development environment to developers with sufficient development templates an interfaces. Besides, WaykiChain team plans to take a part of WICC as reward those developers who have made important contributions to the community. WaykiChain is committed to building an underlying technology platform that truly integrates blockchain application and real business. Along with its development, WaykiChain will gradually grow into a big ecosystem with totally decentralized operations, and brings the convenience of blockchain to every user.

Further Reading

White Paper
WaykiChain white paper is in update now, and will be available soon.
Huobi Project Center
https://www.huobi.br.com/projectcenteproject/?id=91&utm_source=Marketing&utm_medium=Referral&utm_campaign=WICC
Waykichain Developer-Friendly Community
http://www.waykichain.com/announcement.html?id=887

WaykiChain’s Technology

Consensus Mechanism
Delegated Proof of Stake (DPoS) is a consensus algorithm maintaining irrefutable agreement on the truth across the network, validating transactions and acting as a form of digital democracy. Delegated through token holders’ vote, ledgers nodes will package all the transactions in the block and get corresponding reward. DPOS can maximize token holders’ interests and network performance, meanwhile minimize the maintenance and operation costs.
WaykiChain adopts DPoS, which is the most adaptive consensus mechanism for developing and operating applications on chain. The block is successively generated by 11 ledger nodes. Every 10 seconds, a new block will be generated on WaykiChain. Verified by WaykiChain mainnet operation, the transaction confirmation speed can reach 1000+tps.
Vote Mechanism
WaykiChain adopts DPOS consensus mechanism with 11 ledger nodes. When a block is generated, a node is elected with the most votes according to random perturbation algorithm from the 11 nodes. Then ledger node gains all of the transaction fee in its ledger block. Users can get proportionate votes by locking their WICC. Every node can be cast for 11 candidates at most. Every voted user will be awarded proportionate interest. When users’ corresponding accounts’ votes changes, the interest from voting will be received automatically. The first year’s rate of interest is 5% and it will decrease 1% annually during the following years. Finally, the annual rate of interest will be fixed at 1% permanently.
Smart Contracts
WaykiChain is a smart contract platform that supports Turing devices. These smart contracts can help in a variety of real-world applications including copyright issues, decentralized exchanges and asset problems. It adopts DPOS consensus mechanism, sets up 11 voting nodes, and generates a new block every 10 seconds. According to detailed calculation by WaykiChain team, currently, the confirmed transaction speed can reach 1000+tps.
WaykiChain’s smart contract can be built using the programming language Lua. Lua was developed in the early 1990s and has an extensive developer community. It has been used in desktop development, web development and the Internet of Things. It also is one of the easiest programming languages and hence it provides an incentive for developers to code on WaykiChain’s platform.
Sidechain
The most popular smart contract cryptocurrency Ethereum, failed when Cryptokitties were released. Ethereum’s network was unable to handle the massive influx of users. Thus, scalability remains a huge problem. Fortunately, WaykiChain has a feature known as sidechains which can deal with huge amount of users. Applications built on WaykiChains will have their own sidechains and they are not linked in any way to each other.
WaykiChain Ecosystem Development System
WaykiChain ecosystem development system is driven and co-developed by three parties: WaykiChain core developers, open source community developers and business developers. In the decentralized system, WaykiChain team will provide technical standards and community contribution incentives to ensure that the entire ecosystem moves forward as a whole. On the basis of the underlying public chain, plug-ins, and smart contracts, business developers are able to develop applications efficiently and build their own brands with blockchain’s credit endorsement.
WaykiChain plans to establish Technology Research Academy to gather a group of outstanding developers with decentralized blockchain beliefs. WaykiChain will provide underlying technology support and standards. Developers in the academy can free communicate, learn from each other and co-develop a fully decentralized community.
Ecosystem Layered Architecture
WaykiChain technology stack consists of four layers: the core node layer, the wallet node layer, the application platform layer, and the DApp application layer. Any developer can choose which layer to start development based on their own development capability, business needs, and application flexibility needs. WaykiChain core technology team is committed to providing the develop-friendly interfaces of each layer and improving the technical documentation to help the community better build the ecosystem.

Further Reading

WaykiChain Github: https://github.com/WaykiChain/WaykiChain
How Does WaykiChain Work?
WaykiChain uses a DPoS consensus mechanism with eleven accounting nodes. The annual rate of return is 5% for the first year, with a 1% increase with every year that goes by. Each time a block is created, an accounting node is randomly associated. The accounting node gains all of the transaction fees in its accounting block. Users can earn interest by locking WaykiChain coins. The interest is automatically determined each time the votes for the corresponding user account change.
The terms of betting are triggered by the initiator through smart contract transactions. Users can initiate various betting contract transactions, all of which can be searched and identified in the block browsers. When the betting is over, the bet initiation will publish the final results and the gaining will be then shared accordingly. In short, the betting revenue is automatically issued to the user’s wallet after the betting results are displayed.
The smart contract provided by the platform makes it possible for asset initiations to create dividend sharing rules. These rules are only triggered by various conditions. Hence, the final price of the assets in circulation will be determined by the market’s behavior towards the object in the transaction.

WaykiChain Applications

Token System
Waykichain Token, WICC is a token only used and circulated in WaykiChain Wallet DApp. WICC itself does not have any FIAT characteristics. By consuming WICC as a kind of fuel, users can use applications on WaykiChain; by locking their WICC for a certain period of time, users can share the revenue from WICC Lock Revenue Sharing Plan; and by voting for effective and stable accounting nodes, users can earn related interest. WICC can be obtained by participating in the lock plan, by accounting, voting, and subscription, or by trading with other holders. This means WICC will be listed on lots of exchanges and traded with other cryptocurrencies, thus WICC also has trade value.
WaykiChain Block Explorer
WaykiChain official block explorer is a data display system for WaykiChian applications, which displays the WICC transfer and transaction records, account balances, prediction games transactions, and payout results according to application data on the blockchain. All data is open and transparent and inherently irreversible.
WICC Lock & Revenue Sharing Plan
In order to reward all community supporters and provide a channel for application operators to make retribution to community, WaykiChain launched WICC Lock & Revenue Sharing Plan. Application operators can provide a portion of the proceeds to the community members to encourage their contribution to the entire public chain, and to motivate the community to continuously improve the public chain as a more robust underlying system. Investors can lock their own WICC, as a way of showing long-term optimism about the project, to get a certain amount of revenue.
Investors can lock a certain number of mainnet WICC through the entrance in WaykiChain DApp. During the lock period, this part of WICC cannot be traded, transferred, or consumed as transaction fee. When the lock period expired, WICC will be automatically unlocked and become tradable. During the lock period, investors will receive WICC revenue at the end of each month. The amount of each investor’s WICC revenue is related to his/her WICC lock volume and duration, total WICC revenue generated during the period, and the total WICC lock volume and duration of all investors participating in the lock plan during this period. Specific calculating formula is as follows:
WICC Lock revenue Calculation Formula:
Each investor’s daily WICC revenue = Each investor’s lock index / The sum of each investor’s lock index * Total WICC revenue that day
Each investor’s lock index = Each investor’s WICC lock volume * Time index * Volume index
Time Index Table
Decentralized App
The first smart contract based application delivered by WaykiChain’s team is the WaykiChain decentralized betting application. In this application, the smart contract will assign a time duration in which the user can engage in the betting process. All the conditions related to betting will be given. When a bet is finished, the contract will release the results. The smart contract will then reward the winners.
This DApp was launched in May 2018, attracting over 130,000 users to download and bet and has been upgraded to V2.1 ever since. The latest product WaykiBet DApp V2.5 is planned to launch in November along with a new WaykiChain wallet.
WaykiBet V2.5 enables a new feature that everyone can be a bookmaker. With the authoritative event data and services provided by WaykiChain DApp, user even without any technical or product background can build a bet in simply one-click. And at the end of the game, WaykiBet will automatically call the smart contract to calculate the bet results and deliver payouts, without any manual participation.
Besides, WaykiBet V2.5 has exempted the betting fee through the structure optimization and allows the player to participate in the betting directly after creating a new wallet without activation to ensure users outside of the cryptocurrency industry can be involved in the easiest manner.
WaykiTimes Wallet
The new WaykiChain wallet, named as WaykiTimes will retain the original wallet functions, such as Lock Revenue Sharing and node voting. The newly added “Forum” gathers the community of WaykiChain and blockchain together, will become an ecology of open communication. Meanwhile it will has a “News” section to meet different users’ needs. In the future, WaykiTimes will implement WaykiChain token economy to encourage the community members.
Getting Setup
Download WaykiBet DApp V.2.5 at official website: https://www.waykichain.com/

Meet the Team

WaykiChain team is comprised out of over 60 individuals with relevant experience in marketing, business, betting, lottery, betting and crypto industries.
Wayki Sun, Founder & CSO
One of the earliest digital currency investors and entrepreneurs in China. The founder of Xinhuo Network, the founder of Ou Lu Zhong Chou and the Managing Director of Jufeng Digital Asset Management Co., Ltd. Sun led an investment team of hundreds of people with great achievements made in stock, foreign exchange, futures and digital currency markets.
Gordon Gao, CEO
Gordon Gao, an alumni of Columbia University, ex-Lead Data Scientist of Fishbowl in Wall Street, ex-Senior Data Analyst of Alibaba Group, senior member of Mensa International Club. He is responsible for offering support to WaykiChain’s commercial model designing and strategy planning, building up a digitalized monitor system for products and operation and promoting WaykiChain overseas with his international background.
Tony Chau, Co-founder & CBO
Bachelor’s Degree in Finance from the University of Toronto in Canada and served in Hongshang Asset Management Co., Ltd. Focused on industrial surveys and commercial analysis, with in-depth research and distinctive perception on business operation models, and professional financial knowledge and complete project experience.
Tame Huang, Chief Consultant
The founder of BTC38, served as Product Manager and Project Manager of Tencent, Vice President of Fantasy Basketball, and Chief Strategy Officer of Licai Box; Huang was involved in the investment on more than ten high-tech enterprises, such as Jidian Technology, Yixiang Network, Maoming Rural and Commercial Bank, Jujin Technology, Cointime, etc., and established the Bitcoin Time Digital Currency Exchange in May 2013.
Xi Zhang, CPO
Tsinghua MBA, former Senior Product Manager of Tencent. Xi Zhang has been engaged in Internet industry for 14 years with several entrepreneurial experiences. In 2008, he joined aibo123.com as Product Director, responsible for the product design and operation of Olympics lottery. In 2014, he stared his own business and founded QiuShang APP, the first prediction APP in China applying big data prediction with 8% return rate and 67% win rate. In 2016, as a partner, he joined the Haiqiu Technology founded by famous football player Sun Jihai, responsible for the Miaohai business unit. He was fully responsible for the products, technology, operations, and marketing of Miaohai sports short video APP. The total downloads of Miaohai APP were 6 million and daily active users were 1 million.
Richard Chen, CTO
Master of Computer Science from the National University of Singapore and Bachelor of Communication Engineering from Shanghai Jiao Tong University. Richard worked for Alibaba and was responsible for the internal and external information security system construction of the entire groups Customer Service Department. Prior to this, Richard also served as Senior Vice President for the worlds top investment bank Morgan Stanley for 3 years and Intel Chief Architect for 8 years. Richard has received four US patents and won Intel Achievement Award (IAA). Richard has published several global patents in encryption technology, distributed network communication and collaboration, and big data.
Xiang Li, CMO
MBA degree from Tsinghua University, former COO of Brightoil Online under Brightoil Petroleum (Holdings) Limited, senior manager of Dacheng Food (Asia) Limited, has over a decade of experience in marketing and brand building. Ms. Li is an expert in building brand strategy, brand positioning, advertising channels, event marketing, crisis management, etc. Now Ms. Li is the marketing director of WaykiChain, responsible for the brand operation of WaykiChain in the global market and marketing cooperation.
Getting Connected:
  1. Website: https://www.waykichain.com/aboutUs.html
  2. Telegram: https://t.me/wiccofficial

FAQ:

What is WICC? How to Buy WICC?
WICC is the token launched by WaykiChain. In order to buy WaykiChain (WICC), we recommend you to buy some BTC or ETH (the highest volume trading pairs) from an exchange that accepts them. Then, you will have to find a marketplace that sells WICC in exchange for the aforementioned cryptocurrencies. We recommend you to buy WICC at AEX or Huobi Exchange (AEX has already supported WICC mainnet migration, Huobi will support the migration in November, 2018). For more information on this matter, you can visit CoinMarketCap.
When it comes to storing your WICC coins, it’s recommended that you use the official WaykiChain wallet. By consuming the tokens, you can also use various applications on WaykiChain.
What is the use of WICC?
WICC is a token used and circulated in WaykiChain Wallet DApp. WICC itself does not have any FIAT characteristics. By consuming WICC as a kind of fuel, users can use applications on WaykiChain; by locking their WICC for a certain period of time, users can share the revenue from WICC lock plan; and by voting for effective and stable accounting nodes, users can earn related interest. WICC can be obtained by participating in the lock plan, by accounting, voting, and subscription, or by trading with other holders. WICC has been listed on over 100 exchanges and trading with other cryptocurrencies for almost 1 year, thus WICC also has trade value.
What are WaykiChain’s advantages as a public chain 3.0?
There are three different types of blockchain: public chain, consortium chain, and private chain. Public chain refers to the consensual blockchain that any individual or team can read and send transactions to, and obtain valid confirmation. Public chain, also known as the non-license chain, is totally open to the whole network that any node can access or leave at any time without any permission. As a public chain of blockchain 3.0, WaykiChain has the advantages of high speed, high stability and flexibility, and low handling fee, providing rich development tools and perfect development environment for worldwide developers. Adopting DPoS consensus mechanism, sidechain technology and other technologies, WaykiChain can process 1000+ transaction requests per second. Relying on its strong strength of underlying technology and innovation, WaykiChain can effectively support high-traffic application scenarios and realize the landing of WaykiChain ecological applications.
What is WaykiChain decentralized betting application?
WaykiChain decentralized betting application is the first smart contract application launched by WaykiChain team. Each betting is triggered by the application developer via a smart contract. During the period specified in the contract, the users can initiate betting transaction, and all betting records can be traced on the blockchain browser and can never be tampered with. The smart contract will automatically reward the winners based on the final result. WaykiChain will use smart contract to automatically execute the game rule on its public chain. Instead of relying on trust between people, WaykiChain betting application adopts trust among machines to save credit costs, and guarantees full compliance with the rules setting. Besides WaykiChain Official, the developers of the decentralized applications can be any other third-parties. WaykiChain welcomes all developers to join.
What is WaykiChain Address?
WaykiChain address is a 34-bit string consisting of English letters and numbers that may look like digital gibberish. My WaykiChain address WXv6xP8yVW4PkZ3DPvxqfBtfz7Bof1RJHm, as an example, looks like this. All transfer records for each WaykiChain address can be found through the blockchain explorer. The address is a personal WaykiChain account like your bank account number. Anyone can transfer WICC to you via your WaykiChain address. How do I get my own WaykiChain address then? You can download a WaykiChain Wallet on WaykiChain official website, or register one on trading platforms. Each user’s WaykiChain address is unique. It should be noted that each WaykiChain wallet can only create one address, therefore the wallet mnemonics must be kept carefully.
What consensus mechanism does WaykiChain adopt?
WaykiChain adopts DPOS consensus mechanism, a new algorithm to guarantee the security of cryptocurrency network. DPOS consensus mechanism can offset the negative effects of centralization through implementing technology-based democracy, and maximize the effectiveness of the public chain through nodes accounting. DPOS can be understood as giving the token holders a key to open the voting rights corresponding to their tokens, instead of giving them a shovel to mine. DPOS can maximize the profitability of the token holders, minimize the cost of network security, maximize the efficiency of network, and minimize the cost of network operation. WaykiChain has 11 accounting nodes in total. The nodes are generated by the token holders’voting. If nodes are making trouble or cannot account normally, the token holders can change their votes, so that there will be other nodes to replace to ensure that the public chain can be operating normally.
What is WaykiChain mainnet migration?
WaykiChain (WICC) mainnet migration is the process of replacing the previous Ethereum-based token ERC20 TOKEN with WaykiChain mainnet token. WaykiChain public chain, through several months of testing and rigorous evaluation from the exchange platforms after its release, has been fully proven to operate efficiently and stably. Mainnet migration marks that WaykiChain public chain is actually putting into use. After the mainnet migration, various applications and developments based on WaykiChain can be launched, and the service period of WaykiChain public chain truly starts. The dividend mechanism, voting mechanism, gas consumption, and accounting fees on WaykiChain ecosystem are all completed by the mainnet token. The previous ERC20 tokens do not have these functions. By the end of June 26th, AEX Exchange, CEO Exchange, and Bying Wallet have supported WICC mainnet migration. There will be more exchanges and wallets supporting the migration in the future. Please follow WaykiChain’s Wechat official account for more details.
Are there any requirements or restrictions for developing projects on WaykiChain?
WaykiChain’s code is completely open. WaykiChain welcomes third parties worldwide to develop, carry and operate various application products on WaykiChain, and finally form a diversiform public chain community ecology. WaykiChain is happy to provide public chain technology support for any individuals or third parties. Applications developed and operated by third parties, based on WaykiChain public chain, need to comply with local laws and policies. Only after obtaining related licenses, permits or qualifications required by local laws and policies, developers and operators can launch and operate their applications on WaykiChain. Because of blockchain public chain’s globality, anonymity, open code, and the limitation of our ability, WaykiChain Official cannot judge the identity of third parties, nor have the ability and right to verify, supervise, control or interfere the third parties. Therefore, third parties should bear responsibility of their own actions.
What is WaykiChain Block Explorer?
WaykiChain Block Explorer is a system that displays all transaction information on WaykiChain and provides visualized track services. Technically, a block explorer works by scanning the block into the database server and then setting up a Web access service. Users only need to import the transaction hash to check whether the transaction has been packaged and confirmed. From the point of product, block explorer is more suitable to be called as asset explorer, which provides asset certification for users so that they don’t have to visually identify or manually analyze the transactions themselves. The block explorer also provides statistics of blocks and transactions, helping users to directly understand the activity of the blockchain. The statistics can also be translated into various indexes for investors to understand the project. To track the transactions, users can search relevant information on WaykiChain official website through WaykiChain wallet address, transaction hash or block height.

Further Reading

https://www.waykichain.com/question.html

Wish List for WaykiChain

Just thinking it would be great to create a post for everyone to post what they want to have for future releases of the Waykichain DApp or anything related to using Waykichain.
Welcome feedback from the community, so please do get in touch. Want to dive in further? Follow WaykiChain on Telegram, Twitter, Medium and LinkedIn.
submitted by Waykichain to WaykiChain_WICC [link] [comments]

MEDICALCHAIN REVIEW

A lot of people are talking about this project and as a potential investor i decided to run some checks on it and see if it's worth. Everyone is pumped about it but after a closer look I'm not sure it's worth its price. Therefore let's have a look at the facts :
Medicalchain.com LTD
The company was incorporated on 28/06/2017 under the name MEDICALCHAIN.IO LTD as a private company limited by ordinary shares.
Three directors are appointed: Mr. Mohammed Tayeb, Mr. Abdullah Dafir Albeyatti and Mr. Bara Mustafa.
The initial shareholdings (total of 999) are split in 3 equal parts:
1/3 (333) owned by Mr. Abdullah Dafir Albeyatti
1/3 (333) owned by Mr. Bara Mustafa
1/3 (333) owned by XL CAPITAL VENTURES LTD (owned by Mohammed Tayeb and Omar Tayeb)
At 24/07/2017 the number of shares is increased to 1332, with XL CAPITAL VENTURES LTD holding 666 ordinary shares.
At 13/08/2017 XL CAPITAL VENTURES LTD cease to be a shareholder, with MR Mohammed Tayeb now holding the 666 shares previously held by XL Capital.
At 14/08/2018 MEDICALCHAIN.IO LTD becomes MEDICALCHAIN.COM LTD
Below you can find a bit about every member of the team starting with the top dogs.
MOHAMMED TAYEB :: Director
MR MOHAMMED TAYEB description taken from medicalchain.com.
Mr. Mohammed Tayeb is a Partner at Hearn Capital Limited. Mr. Tayeb co-founded ReadyCache. In 2010, he headed up the development side of morethan.com. During his time there, Mr. Tayeb architected and developed a system to drive down online fraud, saving its over £40 million. Prior to that, he ran a boutique consultancy business in the field of mobile web and application development. Together with his brother and Co-Founder, they own over eight games and utility applications on the Apple and Google Play apps market, with over 10 million downloads. Mr. Tayeb is an internet entrepreneur, investor, and founder of several technology and e-commerce start-ups. As well being a Partner in Hearn Capital, he is also a Non-Executive Director on the board of Salic. Mr. Tayeb specializes in bringing together technological efficiencies to the business world. He has a degree in e-commerce from Brunel University and an Executive MBA from the University of Oxford.
I’ve done an extensive background check and noticed that Mr Mohammed Tayeb has had his fingers in many pies since 2010 being appointed director in and out of more than 15 companies. I am not sure if I would trust him with my money as it looks like he cant commit to something for a longer period of time.
Below you can find part of his work history:
MONSTER TECHNOLOGIES LTD :: Director since 9 January 2017 :: Active - no information found
HEARN CAPITAL LIMITED :: Director since 21 January 2016 :: Active
The company is owned from background by Influential (Holdings) Limited owning more than 50% of shares with a total equity of £1.7 mil.
Basically Influential Holding has lent Hearn Capital 1.2 million to invest in different companies. To me it looks like Mohammed has no skin in this as Influential Holdings Limited is owned by Mr Andrew Richardson and Mr John Edward Simpson.
GOODSHAW CAPITAL MANAGEMENT LTD :: Director since 6 January 2016 :: Company still active Dormant company aka not carrying any business activity
DYNISTICS LIMITED :: Director since 03/03/2015 :: Company still active
Acquisition of Dynistics https://www.dynistics.com/ :: a software company that Hearncapital bought in 2015 which counts colleges, NHS Foundation Trusts and recruitment agencies as clients.
Link for acquisition:https://www.insidermedia.com/insidemidlands/141513-hearn-capital-buys-solihull-software-company
Dynistics is listed as a “small company” and the directors have elected not to include a copy of the profit and loss account within the financial statements. Total equity registered at the end of 2016 : £16.557
SALIC(UK)Limited :: Director since 22/01/2015 :: Company still active
Saudi Agricultural and Livestock investment company: this company belongs to Ministry Of Finance (Saudi Arabia) and financed with over 300 million pounds in capital and 75% or more ownership.
The Travel booking Company LTD :: Director since 19/11/2014 : Dissolved 29/03/2016
XL Capital Investment LTD :: Director 17/03/2014 :: Dissolved : 04/07/2017 - no other information found
Global Labs Technology Limited :: Director since 10/12/2013 –Dissolved : 18/07/2016 - No record, probably westernlabs.com which has no track record nor an online presence
Ready Cache Technologies LTD :: Director since 01/10/2013 :: Dissolved : 04/07/2017 - ReadyCache is a website that accelerates your online content and delivers the best possible speeds to you.
Pepperstone Limited :: Director 13/02/2017 – 22/06/2017 :: Resigned (former 123FX.COM LTD)
Pepperstone acquired 123FX.COM LTD what is now its UK subsidiary from Mohammed Tayeb, who alongside his broker Omar Tayeb established an FCA regulated shell with plans to launch a retail forex brokerage called 123FX.com. The business was never launched, and instead was sold to Pepperstone in late 2015.
Pepperstone has suspended trading for clients in its UK subsidiary as the company is making some changes to its management structure and processes, and bringing on some additional resources in its UK office. To comply with its FCA obligations Pepperstone has had to temporarily suspend trading in the UK until all of the changes are complete and the additional resources are in place.
http://www.checkdirector.co.uk/directomohammed-tayeb/ https://www.leaprate.com/forex/brokers/pepperstone-swaps-phil-horner-mohammed-tayeb-board-uk-fx-relaunch/
Some other companies he had been involved with:
• Director House of Choice Stores LTD :: 2013 – 2016 Disolved
• Director XI Capital Ventures LTD :: 2014-2017 Disolved
• Director UR Trading :: 2002 – 2010 Disolved
• Director LOVEFRAGRANCE INTERNATIONAL LTD :: 2012 – Dissolved 2013
• Director DAR FIRST LIMITED :: 2007 – Dissolved 2011
• Director BLACKSTONE E-COMMERCE LIMITED :: 2011 – Dissolved 2013
All this information can be found at https://beta.companieshouse.gov.uk/ . You just lookup his name or company names and access the records.
** Mr. Abdullah Dafir Albeyatti :: Director**
Enthusiastic doctor with a wide range of skills and interests. Currently completing my general practice training in Leeds. Previous surgical trainee in the London Deanery. My ambition is to continue improving as a doctor and to develop myself in other fields of medicine and aesthetic training.
He is also the founder of dischargesummary.co.uk. The website is described as a website designed to streamline and lessen the work load placed on junior doctors by standardising the content of discharge summaries produced when a patient is discharged from hospital. This platform has allowed hospital departments to establish quality assurance and accurately produce reliable discharge summaries to effectively commute between hospital and community medicine.
I checked the website and 3 out of 6 features are under development. The site is now redirected to https://ds.medicalchain.com/
Mr. Bara Mustafa :: DirectoCTO
There is no mention of Mr Bara Mustafa on the mediclchain.com which is weird as he is one of the directors and shareholder. It looks like Mr Bara occupation is CTO, which surely would be of interested to the public. Mr Bara is also a OwneDirector of ENETIDEAS LTD since 2010 rendering services as IT Consultant.
https://www.enetideas.com :: the website is not functional, none of the products links are working.
Jay Povey :: Blockchain developer at medicalchain
His introductory linkedin line :
Self taught programmer, programming for 7+ years. BA(Hons) from Buckinghamshire New University. Since January I joined Medicalchain to help create a world class blockchain platform for electronic health records. Previously worked on forex trading algorithm using deep learning / pattern recognition techniques. I have had a keen interest in blockchain technology over the past 2 years. I have been learning the ins and outs of the technology and Im very excited about the future of blockchain. I see great potential for revolutionizing the way businesses are run.
He started coding for Medicalchain in 2017 previously working for 2 years for one of Mohammed companies ReadyCache which was dissolved.
I’m not sure about his experience developing “on forex trading algorithm” as at the previous company ReadyCache they were “building software that is making a difference to webmasters and large companies. We accelerate our customers’ websites, save our customers money and enhance user experience”
Before ReadyCache he worked for a college as an IT technicial and e-learning advisor.
Also I’m not sure what to make out of his facebook profile, he comes across a bit weird. Also on one of his facebook posts he was asking where you can buy bitcoin in may 2017 but on his summary : “I have had a keen interest in blockchain technology over the past 2 years. I have been learning the ins and outs of the technology and Im very excited about the future of blockchain”
https://www.facebook.com/jaypov
Robert Miller :: Director Of Business Development
Looks like his CV is somehow better than the rest, again worked alongside Mohammed at Goodshaw Capital for 1 year. Freelanced a few blockchain projects so I would say he is the one who will drive the project as longs as the money are coming in.
Linkedin https://www.linkedin.com/in/bertcmiller
Natalie Furness :: Communication Director
She has a background in healthcare industry, namely working as a physiotherapist since 2010. She also lectured for Physiotherapy and Sports Exercise Scientist students at Birmingham University and currently working as a project manager for a company offering solutions to the occupational health sector.
The rest of the team occupies either associates or consultants positions for a short period of time 2-3 months.
To sum it up : the initial £5000 pre-ICO investment is way way exaggerated based on the fact that there is nothing to show for at the present moment, just ideas. Mr Mohammed has started 15+ companies and most of them are dissolved which doesn't sound very promising. On top of that he now owns half the company whereas initially the company was split in thirds. Their CTO is not mentioned anywhere on the website but he is a shareholder in the company.
I would not recommend investing in the project right now and I would wait to see if the project would ever gain traction and materialize.
Below I listed some of the videos related to Medicalchain at different conferences / interviews :
https://www.youtube.com/watch?v=W4Bc4RiugMg
https://www.youtube.com/watch?v=F6WbFMt6Ic4
https://www.youtube.com/watch?v=NT-vRXZ2k-o
https://www.youtube.com/watch?v=devzmfzsh7E
https://www.youtube.com/watch?v=SA91OAaNZUo
https://www.youtube.com/watch?v=h_OdMREOpBI
https://www.youtube.com/watch?v=ebP5ZzQView
If you want me to run any other checks on other upcoming ICO please let me know.
submitted by cryptoflorin to Crypto_ICO_Investing [link] [comments]

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