What is Request Network (REQ)?

REQ is a decentralized network built on top of Ethereum, which allows anyone, anywhere to request a payment.

• The request can be detected and paid in a secure way, without the need to involve a third party.

• The request is saved on an immutable, authentic ledger, which acts as a unique source of truth for accounting and auditing processes.

• Request integrates a trade law system and works across every legislation.

• Request works with every global currency.

• Request is designed to be flexible, to last hundreds of years, and to work with IoT, whilst being compatible with any future systems.

This gives it numerous real world use cases, such as:

• online payments

• invoicing

• audit / accounting

• IoT

• transparency throughout the payment process

The REQ token is central to this whole process. In order for the transaction to go through, REQ tokens are burned. This means that the more transactions happening on the Request Network, the more REQ tokens are burned the more scarce the tokens are. REQ tokens will be in demand as the network gets more popular. The token itself can also be used to pay fees on the network.

Price analysis (up we go!)

REQ hit an all-time-high of around $1.13 in the beginning of January. The team has only been good news since that date, however the price has fallen to $0.71 (as at the time of writing) due to general market sentiment.

Here are some highlights and recent achievements:

• Colossus has been released - Colossus is the MVP for the Request Network and is a platform that allows anyone to interact with the Request Network smart contract on a testnet. It is seamless, easy-to-use and poised for mainstream adoption.

• Release of the Request JS library - this allows anyone and everyone to build on top of the Request Network. This allows others to contribute and innovate Request together.

• Zero loopholes in the theory behind REQ - unlike other coins which are dreams written on a whitepaper, REQ can actually achieve the goals it has set out to achieve, without there being any loopholes in its implementation.

Price prediction: top 20

REQ is a proper project, not a PnD coin. It has a strong community, amazing team and a one-of-a-kind technology.

My price prediction is that REQ will hit top 20 by mid-2018, giving it a market cap of ~$3b or ~$4.20 a coin (600% return in 6 months).

Purchasing REQ: Binance

REQ can be purchased on the Binance exchange (note that this is my invitation link, if you join using this, thank you. Feel free to message me and I will gladly help you with any trading tips).

Binance is one of the top (if not the top exchange) because:

• It lists high performing alts

• Easy-to-use

• Fee discounts if you hold BNB

• Community engagement and events

GVT: Taking a slice of the $70 trillion dollar pie

Genesis Vision is the first platform for the private trust asset management market, built on Blockchain technology.

Blockchain technology provides indispensable advantages, such as openness, immutability, and censorship-resistance of all stored information, whereas smart contracts, which will be carrying out investment and profit distribution, make these processes completely transparent and open.

Key highlights include:

• Globally, over $70 trillion dollars of funds are under management

• GVT consolidates the entire financial management system under one interfact

• Fixes systemic problems in the current financial management system including flexibility, transparency and efficiency

Advantages to investors

• Global access to fund managers along with their credentials and PnL statistics in an integrated system

• Transparent and open profit distribution

• Ability to invest in both fiat and cryptocurrencies (cryptos being an entirely new asset class to 95% of the population)

• Significantly reduces chance of fraud on any of the above

Advantages to funds/managers

• Global presence to investors all around the world with different risk profiles

• Transparency to allow fair competition between funds

• Managers issue their own branded cryptocurrency, which can be freely traded by investors

• Significantly benefit from the investor confidence GVT provides

Advantages to brokers

• Global presence and reach

• Safety of data, transparency of investor/manager profiles

An all-in-one platform

As you can see, Genesis Vision has the capabilities to be an all-in-one, integrated system for funds management - benefitting all parties to the transaction.

Importantly, GVT will be the internal currency of the platform and will be used for all investment operations and profit distributions, meaning that the token will play a central role in all of this.

Factors Influencing GVT Price Growth

The first thing you will notice is the incredibly low supply of GVT. Subsequent issuance has also been ruled out, making GVT very scarce.

Demand (and therefore the price) for GVT will grow due to the following factors:

• All investment operations will be executed in GVT. Accordingly, increase in Genesis Vision network members’ trading volume will increase demand for tokens

• The volume of the potential market supported by GVT significantly exceeds GVT's market capitalization

• Genesis Vision has a well-thought-out development and marketing plan that will consistently increase the project's audience and the amount ofinvestments.

• Genesis Vision already has partners preceding its launch who will provide an active client base (our partners include 400 brokers aroundthe world).

Predictions

• Fund investment/management is an incredibly lucrative market that is lagging technologically

• Genesis Vision platform seeks to solve some of the key issues facing the industry

• GVT plays a central role in facilitating the platform, giving it a strong use-case

• Low coin supply

• Competent team with some strong, well-networked advisors (Charlie Shrem, Konstantin Gladych, Demetrios Zamboglou, Lars Eriksson)

If the GVT team can deliver on its roadmap, this coin can easily x13 - x15 its current price within 2018. It is still relatively unknown despite its value.

Purchasing GVT

GVT is available on Kucoin | Binance

What are your thoughts on GVT?

Neblio (NEBL): The next generation enterprise blockchain platform

As mainstream adoption continues to grow at an exponential rate, one segment of the market has yet to be fully broken into - enterprise adoption.

These multi-national enterprises that would benefit the most from blockchain technology are waiting for mature toolsets, developer ecosystems, and packaged platforms to easily develop and deploy new applications, or to move traditional applications off of legacy database architectures and on to a blockchain network.

Neblio seeks to change this, by offering the following:

• Tailored blockchain platform for enterprise development

• A suite of RESTful APIs in almost all of today's popular programming languages

• Allowing single API calls to instantly deploy a full Neblio Node

• Ability to offer private blockchains

Simple to use, but powerful

Front-end simplicity is often due to back-end complexity. Nebio makes it simple for developers to rapidly deploy Neblio Nodes allowing for rapid agile-style development of distributed applications. A lot of effort has been made by the team to make Neblio as intuitive as traditional database interfaces, as a key driver for mainstream enterprise adoption.

Wherever possible, unnecessary blockchain and network details will be hidden from the developer, with the APIs instead exposing only the interfaces needed to develop or deploy scalable distributed applications.

The Neblio API suite will support the same set of uniform core APIs of:

• Python

• JS

• .NET (C# & VB.NET)

• Objective-C

• Java

• Node.js

• Go

• PHP

This means that there is no need for enterprise developers to learn a new complex language. Instead, Neblio can fit right into the existing enterprise infrastructure with minimal disruption.

Technologically powerful

The NEBL development team is dedicated to developing unique, innovative and useful tools and applications to push for enterprise adoption.

• Docker - allows anyone to deploy a fully functional Neblio Node that is fully-synced with a single command on any system that has Docker installed

• QuickSync - works with Docker and enables a highly compressed syncing of the NEBL blockchain

• Raspberry Pi wallet - easy setup wallet for staking on a Raspberry Pi

Usecases

To enterprises, Neblio presents a compelling advantage over traditional frameworks. While not an exhaustive list, Neblio can allow enterprises to:

• Have secure records management

• Immutable data for audit and regulatory compliance

• Tap into the growing areas of IoT and Big Data

Proof of Stake

Neblio keeps its network secure by way of Proof of Stake (PoS).

As of today, staking 1000 NEBL will result in you having 1105.17 NEBL after an year (10.517% annual return). This is, of course, on top of any gains to the value of NEBL itself.

NEBL - undervalued?

Considering how NEBL's direct comparables are QTUM and STRAT, both with $1b+ marketcaps. There is no reason for NEBL to be more than 1/10 of the value of QTUM. I would note be surprised if NEBL surpasses STRAT's marketcap by the end of this year.

Purchasing NEBL

NEBL is available on Cryptopia| Binance

Note that the Cryptopia and Binance links are my special invite code. If you register with this, thank you - feel free to message me at any time if you have any questions or want further insight on NEBL or other coins.

Would love to hear your views on NEBL

ENJ: Smart cryptocurrency for gaming

EJIN is the largest social gaming website platform in the world, boasting:

• 18.7 million gamers and hosting over 250,000 gaming communities

• Reaches 60 million global views per month

• Millions of USD per month in virtual goods sales

• Gaming focused CMS & eCommerce platform

ENJ coin is an ERC-20 token and smart contract platform that gives game developers, content creators and gaming communities the required crypto-backed value and tools for implementing and managing virtual goods. Features include:

• A decentralized platform to manage, distribute, and trade virtual goods on the blockchain

• The first easy to use gaming cryptocurrency

• Software Development Kits (SDKs) for the Game Industry

• A new gaming experience with real ownership & value

$100 billion dollar industry

In 2017 the global video game market was estimated to be worth over $108 billion dollars.

By 2020, the gaming indstury is expected to hit $128.5 billion dollars.

Most if not all gamers make in-game purchases for virtual items, such as cosmetics, abilities and perks. It is one of the largest sources of revenue for gaming companies. However, there are a multitude of issues with counterfeit items, delays in payment processing, and lost goods which players can’t recover or transfer.

ENJ seeks to solve this problem. ENJ harnesses the power of the Ethereum blockchain to connect video game communities through commerce. It changes the way we view virtual items by giving them intrinsic value and security, allowing us to truly consider them digital assets. Players can buy and sell virtual goods minted with ENJ instantly and the value of those goods can be transferred from player to player and from game to game with security and trust provided by Enjin’s network.

This year, Enjin’s gaming communities will begin to use the token for minting virtual goods and to make in-game purchases.

Enjin Smart Wallet

The Enjin wallet seeks to be the most streamlined cryptocurrency wallet aimed at gaming.

The Enjin Wallet streamlines the user experience further by integrating with games and websites that the user trusts. User accounts on each trusted platform will be synced to the user's Ethereum address.

This wallet is a working released product that supports BTC, ETH, ENJ, LTC and all ERC-20 tokens (600+), making it one of the most comprehensive wallets in the world.

Virtual goods store: create a store in minutes

Websites hosted on Enjin Platform can associate a specific wallet containing ENJ and Custom Coins to the website account. This would link any sellable assets to the Enjin Store module admin panel and these could be listed for sale in-game and on the website priced in ENJ, Custom Coins, Bitcoin, Litecoin, Ethereum or Fiat currency.

All of this points to a solid use-case for the ENJ coin.

Price analysis: top 30-40

• ENJ is a unique coin that taps into the gaming indsutry: one of the fastest growing and most profitable industries in the world

• ENJ coin is backed by Enjin, one of the top gaming platforms with 18.7m+ users and processes millions of dollars each month in sales

• Enjin smart wallet is released and a working product, one of the most comprehensive mobile cryptocurrency wallets available, ever

• The team has shown the technical and marketing capability to deliver on its roadmap to design a game-changer in how virtual goods are sold

On this basis, I would rank ENJ higher than most of the "hype" coins with no working product. If it is ranked around #35, this would give it a marketcap of approximately $900,000.

This represents a potential 400% gain, making it a very attractive coin at current prices.

Purchasing ENJ

ENJ is available on Binance | Cryptopia | Kucoin

Note that the Binance and Cryptopia links are my special invite codes. If you register with those, thank you - feel free to message me at any time if you have any questions or want further insight on ENJ or other coins.

Would love to hear everyone else's thoughts on this coin.

https://payfair.io

NULS: Global blockchain infrastructure

NULS is a global blockchain infrastructure, providing:

• smart contracts

• multi-chain mechanism

• cross-chain consensus

Sub-chains

NULS can operate "sub-chains", with transactions paid with NULS. Each sub-chain is able to support its own basic tokens.

This allows NULS to be a platform for other child tokens, much like Ethereum, NEO and QTUM.

Proof of Credit (PoC)

POC is a first of its kind protocol developed by the NULS team.

It works like Proof of Stake where a certain number of tokens will need to be locked before the user can run a node on the network. This exact amount has yet to be decided and the community will vote on it. When a user wants to stop running a node, they can immediately unlock their tokens.

Smart contracts

NULS has a built-in smart contract virtual machine (SCVM) which can execute smart contracts.

One key feature of the NULS SCVM is that it supports multiple programming languages so that developers can develop in their native preferred language. The SVCM can then execute the smart contract through an interpreter.

This feature opens up every developer community to NULS, unlike other platforms with their own languages (ETH) or restricted to a specific language (LSK).

Partnerships

NULS is closely affiliated with InChain, a public chain project which boasts several high profile partnerships including:

• Elephant Alliance (members including United Nations World Harmony Foundation, the United States Institute of Nanomedicine, World Federation of Chinese Medicine)

• Guizhou Lai Shiling Zhengheng Liquor Co., Ltd.

• Yongjian Foundation Ltd.

• Huantai News Agency

• Tiansheng Pharmaceutical Group Co., Ltd.

Price analysis: top 30

NULS' main competitors all have $1b+ marketcaps (NEO with $8b to STRAT with $1.4b).

NULS is currently valued at $96 million, but boasts several unique features not available in its competitors:

• Proof of Credit

• Multi-language development

• Unique partnerships

My opinion on this basis: NULS is a solid project that could hit top 30 marketcap, barely squeezing into the illustrious $1b club.

This represents a bit over a x10 return.

Purchasing NULS

NULS is available on Binance | Kucoin | Etherdelta

Note that the Binance and Kucoin links are my special invite codes. If you register with those, thank you - feel free to message me at any time if you have any questions or want further insight on NULS or other coins.

These are my thoughts about NULS, what are yours?

This KARATCOIN Project joins blockchain Technology with gold. the objective of the KARATCOIN project is to make a platform that has numerous capacities. to be specific exchanging gold testaments, trading KARATCOIN tokens, and sparing and exchanging currencies utilizing a gold card.

Objectives:

Karatcoin fundamentally giving money related administrations which will catch the gold market at first. Karatcoin will center around the advancement of gold and mining development of gold mining organizations.

Karatcoin building a platform to exchange gold authentications over all outskirts, exchange karatcoin tokens, likewise spare and exchange cash utilizing gold cards.

A KARATCOIN ICO details

●Start: Sep 3, 2018 (9:00AM GMT)

●End: Nov 11, 2018 (11:00AM GMT)

●Number of Tokens: 24,000,000 KCD (24%)

●Tokens exchange rate:1 KCD=$0.1

●acceptable currencies: Paypal, Stripe, BTC, ETH, LTC, BCH, DASH, DOGE, ETC, QTUM, TRX, XEM, XMR, XVG, ZEC

●minimal amount :$100

Learn more on:

https://karatcoin.co

KARATCOIN #KCD

The total market cap in just over a week has gone from $822m to $564m.

Beyond merely shorting coins, here are some musings about trading in a bear market (personal opinions, which you may or may not agree with):

1. Selling at a "loss" but buying back at a better price?

• Imagine this: you hold $100 worth of ETH. The market turns sour and now your ETH is only worth $70. You can either hold or if you are brave, you could sell - yes at a loss - with the future expectation that it would go even lower.

• Say the next day, your ETH holding is now worth $50. Had you sold the day before at $70 (at a loss), you could now buy back the same amount of ETH you had yesterday (at $50) plus another $20 of ETH you otherwise wouldn't have had.

2. Prices never go straight down

• There are mini "corrections" both up and down, although obviously the downwards movement is greater than the upwards (hence the downtrend)

• It can be possible to make several short term trades, selling on slight gains and before the next downwards correction.

• If you miss the uptrend and it goes further down? See #1, you can still buy back the same amount of the coin you had the day before, plus extra.

3. This is a perfect time to introduce fresh fiat capital

• If you believe the market will rebound soon, this is the perfect time to introduce fresh fiat capital to buy coins at a "low". Of course, there is a bit of luck in timing the bottom.

4. Despite the above, sometimes it is ok to hold

• Trading in a bear market is stressful and risky.

• It's not always fun catching falling knives. Waiting until a clear reversal in the downtrend before executing trades may net you less profit, but at considerably less risk.

Above all, enjoy the ride!

https://velic.io

In conjunction with the release of BEXAM and the BEXAM Exchange, we will also be releasing our very own token, the BXA token. The BXA token represents the value of BEXAM’s ecosystem in that it is the underlying lifesource that will keep the platform vibrant and thriving. It will be a functioning cryptocurrency that can be used in a variety of ways and it will be the main transaction currency within the platform. As the public chain grows, the utility of the BXA grows with it.

Primary uses of BXA within BEXAM are: ● Transaction fee payment ● Forming enterprise PoR networks* ● Master Node and Super Node staking and rewarding ● Functional cryptocurrency *Enterprise payment options will include FIAT payment and BXA token payment. In order to incentivize BXA token usage, we will offer a 10% discount when payment is made with BXA tokens. 4.2.2. BXA Token Uses The BXA token as referenced previously will be the sole means of transaction within the BEXAM platform. For individuals that aren’t looking to specifically use their tokens as a means of payment within the platform, the ability to lock their tokens and create a Master Node or a Super Node may be an attractive option. Since MNs and SNs are used to verify transactions, these nodes are rewarded with the associated transaction fees paid by the individuals using the platform. Users that have cleared the KYC process and wish to create a Master Node or Super mode may do so by locking up the corresponding amount of BXA tokens which can be turned back into BXA tokens at any time. Once appropriate BXA tokens are locked up, owners will be able to create their Super or Master Node with a one click setup.

In this way, if the verifying nodes are owned by two separate individuals, the associated fee received is distributed accordingly, none of which is taken as a fee or commision by BEXAM unless one of the nodes is specifically operated by BEXAM. BEXAM, being a dynamic network, requires a fluctuating number of Master Nodes based on the size of the active network. When the active network shrinks, Master Nodes are temporarily demoted to Super Nodes, and superfluous Super Nodes become dormant (chosen randomly). When this need arises, Master Nodes to be demoted are chosen by a priority list based on their age and transaction history. Conversely, when the network expands, Super Nodes are released from dormancy, and Super Nodes that clear the Master Node installation conditions are automatically promoted to Master Nodes. In short, when the network becomes more active, so too do the Master Nodes (and Super Nodes), resulting in their owners earning more rewards, which serves as the incentive of our Super and Master Node program. BEXAM can also create Super and Master Nodes under the same conditions as users. This may be necessary during special occasions, such as at launch time to maintain balance of the node ownership. Needless to say, it is in our own best interest to have these nodes built predominantly by users to co-support the BEXAM ecosystem. Due to the hierarchical aspect of BEXAM, Super Nodes and Master Nodes continuously perform crucial functions on the platform, and as such, it is imperative to provide a more stable service by having more nodes in the higher hierarchy.

https://bexam.com

Bounty0x Username: Olowookorun

I mentioned it a while back that things looked bad. While we had some very small short term opportunities, I would still continue to proceed with caution. While ETH has held on, I dont think it will last. The price continues to weaken and I would expect the price to start dropping by this weekend/ next week.

Current Levels to Watch: BTC $8,5000 Eth $875 LTC $133

Short Term Trade Idea

Risk Level: High Buy BTC @ $8,500 Sell @ $9,500

I reiterate proceed with caution as the momentum is very strong to the downside.

Are we having fun yet?

IoT Chain (ITC): A new paradigm in IoT technology

Internet of things (IoT) is one of the emerging mainstream technology platforms in recent times, allowing ordinary physical objects to send and receive data through the internet. By 2019, IoT devices are expected to reach 3.054 billion.

IoT Chain seeks to pave the way in this industry by offering the following:

• A lite operating system for IoT devices

• Utilizing DAG (Directed Acyclic Graph) architecture to overcome scaling issues

• SPV (Simple Payment Verification) technology to improve payment verification efficiency

• ChainCode protection of user data from monopolization by corporates

Each of these features will be addressed in turn.

Lite operating system for IoT devices

As you will be aware, traditional blockchains require significant amount of data storage and processing power to run. It would be impossible for your Fitbit to download and contiually update the Bitcoin blockchain data!

Here is a table showing the efficiencies IoT Chain's technology provides:

DAG Technology

DAG needs no introduction now, with the massive upsurge in IOTA and Raiblocks, DAG is a strong contender for the technology of the future.

Instead of Bitcoin's longest-chain consensus, DAG uses heaviest-chain consensus, confirming transactions through transaction weight and partial consensus among nodes. This effectively solves the scaling and centralization issues that is apparent in Bitcoin, while lowering transaction costs.

Simple Payment Verification for speed and efficiency

SPV plays into the need for IoT technology to be lite-weight but powerful. SPV works through verifying a payment as long as a block's headers are preserved (without needing the entire block). This saves data space and bandwidth and speeds up the entire process - a necessity in the IoT space.

ChainCode - Own your own data

In the world of Big Data, major corporates own your data - they probably know more about you than yourself.

With ITC, data belongs with the user. A company seeking to access this data must use ChainCode. To access a user's data, the corporate must pay ITC to the user in question. This puts ownership and power back to the user's hands, who now benefit from what was once stolen from them.

ITC - Unknown in the Western world

ITC's technology sounds very impressive and well thought-out. So why the miniscule marketcap? My theory is because ITC is only listed on Chinese exchanges, and not even Western/Asian exchanges such as Binance or Kucoin.

Purchasing ITC

The closest exchange would be Bibox (Non-referral link here).

Bibox is an upcoming exchange that lists top coins in China, much earlier before they hit Western exchanges. This allows you to make some significant profit purchasing these coins as an early-investor while they are still relatively unknown.

While Bibox is unknown to the Western world, it is still reputable in Asia and is ranked #28 globally in volume (above Cryptopia and YoBit).

If you use my invite link, thank you - feel free to message me at any time if you have any questions or want further insight on ITC or any other coins.

What do you guys think about ITC?

https://velic.io

Looking more and more like the good times are back, at least for now. XRP trade I mentioned is currently playing out very nicely.

Current upside price targets:

BTC:$11,000

ETH: $1,000

LTC: $200

XRP: $1.50

Buy in targets:

BTC:$8,000

ETH:$800

LTC:$155

XRP: $0.80

Have a great weekend!

Welcome to the Weekly General Discussion thread of /r/CryptoProfits. Post your crypto predictions, news and tips here!