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Blockchain Newsletter: Why Ethereum is outpacing Bitcoin? [2017W25]

Altcademy Team wrote on 7 February 2018

This Week's Update on Bitcoin and Blockchain [2017W25]
Issue: Week 25 of 2017

  • Price per Bitcoin BTC is at ~$2564 USD (-13% from last Monday)
  • Price per Ethereum ETH is at ~$358 USD (+3.7% from last Monday)


This week’s new initial coin offerings (ICOs)
  • PrimalBase (white paper)
  • PrimalBase is a co-working office startup that is raising initial capital from an ICO to build out its next four co-working locations.
  • A proof-of-concept co-working space in Amsterdam has been in operation since February 2017. The next four locations will be at Berlin, London, New York and Singapore.
  • PrimalBase is selling 1000 PrimalBase Tokens (PBT) in the upcoming ICO. One token will grant its token holder (one person) full access to co-working or shared workspace across all PrimalBase locations globally. Four tokens will grant its holder access to a private office.
  • PBT can be sold or rented out to others for a fee, allowing PBT holders to earn rental income. Rentee of one complete token will have the same access to PrimalBase facilities as if he is the owner of the token.
  • Another 250 PBT will be created for management remuneration and for social activities in the community. These PBT will be at the disposal of members of the advisory board. No more PBT will be created after the ICO.
  • The token sale is set to start on the 26th of June 2017 and will end in 1 month or when all 1000 PBT are sold.
  • The exchange rate of 1 PBT will be 3 Bitcoin for the 1st day, 4 Bitcoin for the 2nd to 7th day, and 5 Bitcoin starting from the 8th day till the end of the sale.
  • Civic (white paper)
  • Civic is creating an identity verification platform on the blockchain hoping to reduce cost and inefficiencies in the current model. The main problem Civic is solving is that “Background and personal information verification checks may no longer need to be undertaken from the ground up every time a new institution or application requires one.”
  • Validators such as governments, financial institutions and utilities companies can verify a user and his information on the blockchain by digitally stamping their approval on the data, called an “Attestation”.
  • Third party “Service Providers” and other Validators who are seeking to verify the same information can use those Attestations instead of independently verifying them again.
  • The Attestations will be offered by Validators for a fee through a smart contract. When Service Providers use those Attestations, they will pay the Validators in Civic Tokens (CVC).
  • A small portion of this fee will be sent to the user to incentivise further use of the Civic platform and its identification services, which may include personal background checks, access to credit reports, dark web monitoring and searches.
  • A total of 1 billion CVC will be created, 33% of which will be offered in the ICO with a maximum cap of 33 million USD at an effective rate of $0.1 USD per CVC. 33% will be retained by Civic to be sold after 3 years, and 33% will be allocated for distribution to incentivise participation in the platform. 1% will be used to cover token sale costs.
  • The CVC token sale will begin on June 21, 2017.
  • Nimiq (white paper)
  • Nimiq is creating a browser based blockchain network which requires no software installations.
  • Users can participate and mine simply by visiting a website, the beta-net is currently in operation on
  • Nimiq is planning to build a web based wallet that allows users to send off-chain transactions to each other instantly.
  • Nimiq is creating 10.5 million Nimiq Exchange Tokens (NET) for the crowd-sale. NET will be converted to official Nimiq tokens (NIM) when the main-net launches at an exchange rate of 10 NET to 1 NIM.
  • The crowd-sale cap is set at 60,000 Ethers with two stages of crowd-sale exchange rate. The first two weeks will operate on 175 NET for 1 ETH and the last two weeks will operate on 125 NET for 1 ETH.
  • The crowd-sale period is 28 days or when the cap has been reached. The crowd-sale will start on 28th June, 2017.

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