|Since they originally appeared almost 11 years ago, cryptocurrencies have been promising a change that would make the world a better place for everyone. They offer a number of benefits over traditional finances, including lower transaction fees, decentralization, as well as the ability to reach everyone, whether or not they have access to the bank.|
|Start||April 1, 2019|
|End||June 30, 2019|
ICO description, Technical Details and Documents
The development of blockchain technology has brought countless new uses in nearly every industry there is. It holds the major potential to improve the way we use different services, and even the way we think of security. However, one of the biggest and most useful use cases of blockchain technology lies in its ability to make middlemen obsolete.
In any situation where third parties act as intermediaries between two entities, it is more than likely that the 3rd party will benefit the most, while the original entities suffer the most. This is true in every industry, including finances. This is what banks and foreign exchanges do, and how they make a profit.
Thanks to blockchain technology, middlemen can be forever removed from the equation, which would mean reduced cost, improved delivery time, and larger profits for the original entities. However, the process still requires trust in order to be successful, which is one of the reasons why intermediaries are still necessary. Luckily, that can be resolved as well, thanks to a project known as Binkabi.
Binkabi is a blockchain project that aims to empower fairer and more profitable commodity network through collaborative efforts of its members. The project offers two applications: Barter Block and BinkabiDEX.
Barter Block is said to be the world's first smart bartering dApp, developed on the blockchain. It allows for direct, secure, and low-cost crossborder physical commodity trading, with significantly reduced reliance on the USD. As for BinkabiDEX, it is to serve as commodity tokenization and trading warehouse, powered by Binkabi's commodity tokenization protocol.
Binkabi believes that its applications could act as solutions for physical trading, commodity hedging, and supply chain financing. Further, the project plans to work with various partners to implement a permissioned blockchain, based on PoA (Proof-of-Authority) consensus, which will allow it to ensure privacy, speed, cost reduction, and integrity. Of course, its platform will be fully powered by Binkabi's own token, which is set to see its launch at some point in the future.
As mentioned, Binkabi is planning to launch its token at some point in the future, although its ICO has yet to receive an official time and date. Not a lot is known at this point, including the preICO and ICO dates. It is also not known which cryptocurrencies will be accepted in exchange for the tokens, not whether there will be restricted areas.
The project also did not announce its soft and hard caps, nor the total number of tokens for sale. In other words, there is a major lack of information at this time.
However, there are a few details that are known, including the fact that the token's ticker will be BKBI, and that it is being developed on Ethereum's platform. This makes it an ERC-20 token, and as such, it is likely that it will be obtainable in exchange for ETH. Whether this will be the only accepted cryptocurrency is, as mentioned, unknown at this time.
Another thing to note is that the project is registered in the UK and that those wishing to participate will have to go through a KYC procedure, possibly even Whitelisting. However, that is where the available information regarding the ICO ends.
* Crypto Rating accepts no liability for any errors in the Binkabi ICO information and Rating. For the most up-to-date information please visit the ICO's official website.
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|#||Crypto||Prediction||Accuracy||CVIX||Price||24h||7d||Market Cap||7d price change|
|1||BTC||Bitcoin predictions||80.8%||35||$22 994.25||-3.54%||0.01%||$439 591 538 662|
|2||ETH||Ethereum predictions||66%||68||$1 687.91||-5.10%||3.56%||$205 761 571 724|
|3||USDT||Tether predictions||96%||1||$1.000205||0%||0%||$66 531 586 544|
|4||USDC||USD Coin predictions||93.2%||1||$1.000033||0.02%||-0.01%||$54 021 851 086|
|5||BNB||Binance Coin predictions||69.2%||62||$322.84||-0.68%||11.75%||$52 086 335 344|
|6||BUSD||Binance USD predictions||90.8%||1||$1.000068||0%||0.01%||$17 752 502 175|
|7||XRP||XRP predictions||80.4%||36||$0.363424||-3.65%||-1.50%||$17 569 045 535|
|8||ADA||Cardano predictions||72%||50||$0.511389||-4.25%||1.61%||$17 253 774 183|
|9||SOL||Solana predictions||78%||44||$39.74||-6.33%||3.54%||$13 844 600 613|
|10||STETH||Lido stETH predictions||94.8%||1||$2 941.39||-0.40%||-3.32%||$10 258 752 564|
|11||DOT||Polkadot predictions||68.8%||62||$8.71||-4.69%||9.10%||$9 626 327 113|
|12||HEX||HEX predictions||64%||70||$0.054592||-1.19%||18.95%||$9 466 937 752|
|13||DOGE||Dogecoin predictions||84%||28||$0.068228||-6.49%||1.79%||$9 051 914 563|
|14||AVAX||Avalanche predictions||70%||55||$27.42||-3.30%||17.24%||$7 814 089 843|
|15||DAI||Dai predictions||93.6%||1||$0.999863||0.05%||0.03%||$7 525 054 582|
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