WeTrust Launches Trusted Lending Circles (ROSCA) Platform, Attracts Participants with Trustcoin Crowdsale

Bitcoin Press Release: WeTrust redefines reciprocal aid over Ethereum blockchain with its Trusted Lending Circles product, launches Trustcoin crowdsale.

March 16, 2017, Santa Clara, USA – WeTrust, an Ethereum blockchain platform aiming for financial inclusion for the masses has announced the launch of its very first Trusted Lending Circles product. The blockchain-based reciprocal aid platform, leverages smart contracts to allows anyone to create a ROSCA (Rotating Savings and Credit Association) with a group of trusted associates to help one another.

Trusted Lending Circles is the first among many WeTrust products that are yet to be launched. It implements the concept of ROSCA on Ethereum blockchain to create a trustless, transparent, community or a closed user group oriented investment and reciprocal aid system. Trusted Lending Circles currently supports basic ROSCA, created amongst close friends and family. Other upcoming products and features include credit scores, large scale ROSCAs, trusted direct borrowing/lending and mutual insurance. With these blockchain-based products and features, WeTrust aims to provide alternative financial services to over 2 billion unbanked adults across the world.

How Trusted Lending Circles Work

The Trusted Lending Circles application allows anyone to create or join a ROSCA. A group of trusted associates participating in the ROSCA agree to contribute a fixed amount at regular intervals based on a mutually agreed framework on how the funds should be distributed among the associates. The collected contribution is then disbursed in a reverse auction, where the lowest bidder is offered the bidding amount and the rest equally distributed among other associates. All ROSCA related transaction details are recorded on the Ethereum blockchain while smart contracts govern the bidding process, ensuring transparency and eliminating the need for a trusted third party or an intermediary.

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The WeTrust pilot is currently confined to the cryptocurrency community. Once a precedent is set for blockchain-based ROSCAs, the platform will expand to other communities by integrating stablecoins for the benefit of those who are comfortable using stable fiat currencies.

“We envision a system where financial services have aligned interests with the user/ policyholder, and essential financial products are provided at a fair price to users and policyholders. We are building WeTrust to solve this problem.”

 

Trustcoin Crowdsale

WeTrust has announced the launch of its Trustcoin (TRST) crowdsale starting March 2, 2017. During the six-week long token sale, WeTrust will distribute 80 million of the total 100 million Trustcoins among the participants. The remaining 20% is set aside for the founding team and advisors (10 million TRST vested over two years), Finclusion Labs – organization building the WeTrust platform (8 million TRST) and bounty programs (2 million TRST).

Investors participating in the crowdsale can buy Trustcoin with either Bitcoin or Ethereum. Early investors stand to benefit from the bonus. WeTrust offered a 30% bonus on the first day, which was reduced to 25% during the first week. Similarly, those participating during the second, third, fourth, fifth and sixth weeks will receive a bonus of 20%, 15%, 10%, 5% and 0%, respectively.

The Trustcoin token sale participants will receive their Trustcoin upon completion of the crowdsale. These tokens can then be used as a currency for services performed by WeTrust as well as other service providers in the WeTrust ecosystem.

Interested investors and cryptocurrency community members can participate in the ongoing Trustcoin crowdsale by visiting the WeTrust website.

About WeTrust

WeTrust is an Ethereum blockchain-based collaborative savings and insurance platform that leverages social capital, trust networks and blockchain technology to create an inclusive financial ecosystem.

Learn more about WeTrust: https://www.wetrust.io/
WeTrust Trusted Lending Circle MVP: https://ROSCA.WeTrust.io/
Participate in WeTrust Crowdsale: https://www.wetrust.io/tlc/signup
WeTrust Crowdsale FAQ: https://medium.com/wetrust-blog/how-to-contribute-to-the-crowdsale-c9de5b91fc43#.6ojd5ejhb
WeTrust on BitcoinTalk: https://bitcointalk.org/index.php?topic=1773367

Media Contact

Contact Name: Tzvi Shishler
Contact Email: info@4kingmedia.com
Location: Santa Clara, USA

WeTrust is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only.

 

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The Dash Fork, PIVX Cryptocurrency Brings Private Instant Verified Transactions to the Masses

Bitcoin Press Release: PIVX cryptocurrency, forked from DASH v0.12.0.x core uses custom PoS, changes name from Darknet to enable private, instant and verified transactions.

March 15, 2017 – PIVX (Private Instant Verified Transaction), formerly known as Darknet offers an upgraded DASH v0.12.0.x clean fork based cryptocurrency with custom Proof of Stake (PoS) code to the community. The open source cryptocurrency platform has replaced the previous Proof of Work (PoW) consensus algorithm to bring private, instant and verified transactions to the masses.

Through its latest changes, PIVX has eliminated the dependency on resource intensive hardware for mining, like in the case of other PoW cryptocurrencies. Instead, the community members can earn PIVX by holding on to some tokens in their wallet while keeping it connected to the internet. The platform’s latest PoS 2.0 algorithm allows any device running a PIVX wallet, irrespective of its technical specification or operating system to take part in the staking process and earn rewards.

Being a Dash fork, PIVX utilizes Bitcoin Core by default. It uses the current Bitcoin v0.10.x core in combination with some already committed v0.13.2 updates. Since its launch on January 31, 2016, PIVX has been the only PoS cryptocurrency to be based on Bitcoin Core v0.10.x or above, making it the most up to date and technically advanced PoS cryptocurrencies in the market.

PIVX inherits all the technical features of Dash, including the masternodes, instant transfers, and private transfers. The PIVX team is working on further improving the platform by updating it to v0.12.1.x Dash core with enhanced features like IPv6 support, along with the existing IPv4 and TOR Network support.

The PIVX cryptocurrency network has a block time of 60 seconds with fixed block rewards. The custom seesaw algorithm incorporated in the system dynamically alters the rewards split between a masternode and staking nodes. Detailed information about the seesaw algorithm is available in PIVX’s whitepaper.

The PIVX team is one of the first to explore the implementation of libzerocoin protocol with non-optional minting to the platform. A successful integration of the zerocoin protocol will further enhance the network privacy, making every end-to-end transaction untraceable.

PIVX believes in having an inclusive governance by the community. The team is currently involved in discussions to further improve the existing masternode voting system by including non-masternode PIVX holders in the decision-making process and utilization of its block reward budget. These discussions are held as publicly viewable live meetings for increased transparency continuing until an ideal governance solution is devised and implemented.

With these features, PIVX hopes to revolutionize the world of private cryptocurrency, in terms of monetization and exchange methods.

About PIVX

PIVX is a multifaceted community-centric endeavor in the blockchain tech and cryptocurrency realms. It offers a transactional security and privacy-centric, decentralized open source cryptocurrency for the community.

Learn more about PIVX at – https://pivx.org/
Read PIVX whitepaper at – https://pivx.org/what-is-pivx/white-papers/

Media Contact

Contact Name: PIVX Marketing Team
Contact Email: media@pivx.org

PIVX is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

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MBit Casino Has Been Paying Out Over 42 BTC in Prizes Each Month!

Since launching their VIP Program nearly a year ago, mBit Casino has become one of the most popular Bitcoin gambling destinations in the world. Not only do they have a huge selection of Bitcoin friendly casino games, but they also have a VIP program that rewards its players in a big way.

Each month, players at mBit Casino receive over 22 BTC in prizes as part of the VIP Program and they are not expecting this to slow down anytime soon. With the price of Bitcoin today, that’s over $25,000 USD!

After rolling out a new automated VIP Points to Bitcoin conversion system recently, it has become one of their most popular features. The new automated system allows players to exchange any VIP Points earned from playing slots, table games or video poker for Bitcoin directly from the account dashboard. This means that it’s now easier than ever to exchange VIP Points for Bitcoin.

Slots, Table Games & Endorphina Tournaments

Besides paying out an average of 22 BTC each month as part of the VIP Points exchange, mBit Casino also has another 20 BTC in prizes via their Slots, Table Games and co-branded Tournaments. These have become another popular draw for mBit Casino, and are now available every month.

Each month, players can compete in one of these leaderboard style tournaments for their chance to share in the huge prize pool. The co-branded tournaments feature games from a different provider each month. This month for example, there is an Endorphina leaderboard with 5 BTC in prizes.

Get Your Share of 42 BTC!

To grab your share of these massive monthly prizes, just head to mBitCasino.com and play any of their slots or table games. Then you’ll earn points on the leaderboard, which can be accessed in their top navigation menu. If you finish in the top 30 at slots, top 10 at table games or top 25 at Endorphina Games during the month, you’ll get your share of the 20 BTC prize pool!

Playing any of games at mBit Casino will also earn you VIP Points which can now be exchanged for Bitcoin directly on your account page. This makes them one of the most rewarding, player-friendly casinos to gamble with Bitcoin online.

 

Disclaimer: mBit Casino is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to FDIC and other consumer protections. This press release is for informational purposes only.

 

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