Wednesday, June 19 – Many were shocked when Wednesday night’s OCE lockup sold out 10,000,000 OCE tokens in under 5 seconds. The day before, the VET lockup received 50 million VET in a similar timeframe. CryptoFarm, the latest product from OceanEx, has now locked up nearly half a million dollars worth of funds in less than 10 seconds of active enrollment. So what is so attractive about the product?

CryptoFarm allows users to lockup tokens for a set period of time. It is a low risk value-added plan that provides users with a relatively stable asset growth solution. Users can earn returns without exposing their tokens to the potential risks of short-term trading.

It’s hard to imagine OceanEx predicting this level of popularity for the new feature – despite it’s high annualized return of 10-25%. Yet if early indications are anything to go by, the platform will be very popular among token holders who don’t wish to risk their assets trading, but are still interested in earning growth. One can also look to the success of Wealth Management Products (WMPs) in China, that has turned into a $20 trillion industry of both short and long-term lending. Personal assets as an investment in China is expected to reach $37 trillion in the next five years.

Of course, scaling will be an issue, as the WMP industry in China is riddled with shadow banking and unregulated lending. OceanEx will need to be transparent and forthcoming to maintain trust, while still satisfying the demand of a growing user-base. Still, if they are successful, this represents great utility for the OCE token, which is needed for many of the platform’s features.

The Balance of Power

One interesting side-effect of the CryptoFarm announcement was a steady influx of user assets from other exchanges. Over the past week, Binance’s wallet has decreased by about 68 million VET – while OceanEx’s wallet now contains over 250 million more VET than before. This gives OceanEx an important surge in trading volume, moving their VET/ETH, VET/BTC, and VET/USDT pairs into the top spot on coinmarketcap.com. This has an important influence on coin price metrics, as the exchanges with the highest volume play a critical role in determining the reported token price.

CryptoFarm now has the potential to replicate that with other tokens. Tomorrow will feature the TIC token, and OceanEx has mentioned that they will make other non-VeChain tokens available as well. If OceanEx replicates their success in drawing in a large quantity of tokens from other projects, they could find themselves quickly climbing the rankings of top global exchanges by volume.

Sources:
China Tightens Grip on Wealth Management
VeChain Rich List

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In early May, RealItems.org announced on Twitter that they were migrating their smart contracts from Ethereum to VeChain. For many, this announcement was the first time they’d heard of this project. Luckily, we had discussed the project at the VeChain Developer Summit in San Francisco and asked the co-founder and CEO, David Menard, if they’d be interested in discussing their project in more detail.

Q: Thanks for joining us. Would you be able to give some background on your project and its goals?

Thanks for having us! Real Items Foundation started as a proof of concept 2 years ago and has since grown into a company serving enterprise clients. Today, we offer brands an easy-to-use authenticity as a service platform with a generalized consumer experience to ensure safer products and higher brand engagement globally. Our goal is to bridge the gap in communication between brands and consumers, strengthening their relationship and story through authentication and digital ownership.

Our mission is to help onboard enterprise and consumers to embrace blockchain verified products. Real Items Foundation aims to establish standards for tokenized physical assets so that consumer protection protocols are incorporated into the digital identities, pegging micro services to each product.  This includes asset registration, insurance, support and sweepstakes.

Q: What advantages does VeChain offer over the other platform’s you tested?

Prior to VeChain, we have tested various DLTs within the space. For instance, we tested Ethereum and DispatchLabs, before deciding upon VeChain. We found that VeChain’s API was better structured than Web3, and that we wouldn’t need to rely on a specific wallet interface in order to obtain a standard user experience. After migrating onto Vechain, the speed of transactions have been faster with Vechain along with a lower per item cost for tokenizing. This is ideal surrounding the scope of this project, and Vechain has been our 1st choice in DLTs ever since.

Q: With all the blockchain platforms out there, how did your team discover VeChain, and what made you attracted to it?

We discovered VeChain about 6 months after starting the project. We decided to rather focus on what our main solutions would be instead of thinking about projects like Waltonchain or VeChain as our competitors. It was almost perfect timing at the time, when we heard about the first VeChain Summit being in San Francisco. We decided it was time to look into the VeChainThor blockchain in order to truly understand how it works. I say perfect timing, because we had hit numerous walls with Ethereum at the time, that hearing about an alternative blockchain being EVM-compatible was something we welcomed. Within two weeks we were able to migrate our smart contracts to VeChain.    

Q: Can you discuss some of the services you are currently providing (or planning to provide) for your clients?

We are providing managed services & solutions for brands to authenticate their production and engage their consumers with gamified content. For instance, enterprises will be able to use existing printing hardware to add blockchain verification capabilities to their packaging and/or product. We built something we like to call TAM – Tokenized Asset Manager.  It’s a web application with various tools to create digital identities for products and the ability to add micro-services to tokenized products. This will be available to brands and the community on a subscription basis.

Q: How has the support been from both VeChain and the community?

The VeChain Foundation has been amazingly helpful, and the community has been very welcoming. We experienced this right from the start, as we publicly announced that we were migrating onto VeChainThor. Moreover, the technology has been equally inviting with a cleaner API, so it’s been fun getting to know people within the ecosystem and the tools themselves. Our goals align really well with VeChain and their enterprise-focused approach, and we are excited to contribute to this ecosystem moving forward.

Q: What can people do to learn more about the project?

We will be introducing ways to interact and learn more about Real Items. For instance, various Medium articles will be released while we try to create more genuine content as we develop things. Nonetheless, we want to provide real value and concrete results to the space, which is why we often focus on the core development and progress. These days, we have been working what feels like under a rock and we now feel that we should increase our focus to communicate with individuals and other projects that are working on similar things. To everyone excited about the tokenized future, please email us or reach out to us on Twitter @itemsdapp, to mention your superpowers and how you want to contribute.

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On June 6th, BAG became available on OceanEx, giving buyers their first chance to invest in the project. This sparked a frenzy, with the price shooting up nearly 1000%.

BAG had large gains on their first day of listing

The issue? Nobody outside of China had any idea what the project actually was.

So what is it?

Bitagora aims to be an AI-powered predictive markets and community ecosystem, using a series of features to provide value to the users. Here’s a quick look at some of the features, in a more easy to understand format:

Decentralized Knowledge Base

As a news aggregator and content portal, the platform will provide users with the latest in accurate and trustworthy content, allowing users to make more informed decisions. Included are breaking news stories, market data, and third-party analysis. This is especially valuable in China, where larger news sources typically avoid reporting on digital currencies. Smaller news sources are unreliable and often distort facts to promote personal agendas, a problem often mirrored by the western media. Content creators can contribute and be rewarded with the BAG token, encouraging them to report with more integrity to attract a larger following. Content creators will be able to interact with followers in a number of ways, including interactive polls and live-streaming. This will help Bitagora become one of the most trustable sources of blockchain news and data, as they build a decentralized knowledge base.

Shared and Incentivized Community Buidling

Another feature is the blockchain-based community building platform – users will be able to create private communities where they can provide forecasting insight such as technical and fundamental analysis. By using the BAG token, users can charge for access to communities and predictions, while the blockchain aspect of the communities allows users to verify past predictions to ensure the accuracy of the forecasting. This ensures a level of credibility to users who provide quality predictions, and encourages new users to pay for services with confidence.

Predictions, AI, and Quantitative Analysis

The predictive nature of the platform doesn’t stop here though – confident users can stake tokens on their predictions in smart contracts – creating a decentralized reward pool that forecasters compete for. AI algorithms analyze the collective predictions to form quantitative analysis based on overall platform market sentiment. Users who stake predictions value in two ways – they can earn tokens for being right, while also adding to their blockchain-verified prediction history, which can be used to attract users to their private communities. As a whole, the community benefits by having more verifiable forecasting data available, and can easily see which users have been successful in the past, as well as gauge overall trends that are free from individual biases.

The overall platform is discussed in much more depth in the whitepaper.

Who is behind this?

The Bitagora project evolved from BCTOPIA, which was one of the largest social communities and news sources for digital currencies, with a focus on market predictions and analysis. They will have the benefit of an existing community and team to launch their platform on. The CEO and founder is listed in the whitepaper as Cai Songting, whose credentials are listed below:

As an Australian, Songting had initially served as a system engineer at British Aerospace Systems Australia. A set of unique trading systems and models were formed for the quantitative and macro transaction system algorithms and concepts, and the high frequency / quantitative trading model of stock index futures and commodity futures was established by him. Subsequently he became the director of investment in Shenzhen Qianhai Tianmou investment fund. In September 2017, his first public private placement fund was issued, and its main strategy was based on commodity futures high frequency trading strategy. The trading profit was higher than 50% a year, and the maximum drawback was very small.
Songting holds a Bachelor of communication and network engineering from Swinburne University of Technology in Australia; a Master of information systems from Australian National University; a Master of Business Administration from MIT – Tsinghua University.

– From the Bitagora Whitepaper

So what can we expect?

Bitagora emerged quietly and suddenly on the Chinese market, and the token was listed with little fanfare. The previous platform, BCTOPIA, is well-known in China among digital currency traders, so should be able to gain traction and users when the platform is launched later this year. The Chinese market is in dire need of more legitimate data sources, especially as the investing scene matures and more and more projects take root.

For VeChain investors, the blockchain-based predictive model could be a great way to encourage transactional volume on the mainnet as platform interactions and smart contracts burn VTHO on a daily basis.

Still, there remains a lot of questions about the platform. Data is scarce on the website, and the first English-language whitepaper has many mistakes throughout. While this platform might initially be focused on the Chinese community, it would be nice to see more transparency and details before listing on exchanges like OceanEx. My initial attempts to contact the project weren’t very successful, and the information in this article is based on the whitepaper, basic research, and third-party sources. In the upcoming weeks, I’ll continue attempting to learn more about the mysterious project – where we can hopefully learn more about the scope and legitimacy of the team, investors, and strategic partners.

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Note: This article was republished from VeMag.

Quick self-introduction on Actiware: We are the development centre of an established group of companies that has been active in the market for almost 20 years. With our group we have comprehensive competences in all areas of information management. These include ERP (Enterprise Resource Planning), ECM (Enterprise Content Management), BPM (Workflow Management), Business Intelligence (BI) and portals.

We create holistic solutions for the affordable and self-determined design of digitization. Our platform provides — on-prem or in the cloud — answers for data and document management, IoT data collection, search, evaluation and organization of daily work. Always with the goal of achieving end-to-end information transparency with sustainable process automation.

Our solutions are distributed and introduced via various partner networks, especially in Europe. We are continuing to expand this network. We are looking for partners worldwide who can provide qualified consulting in specific areas of expertise (ERP, IoT, document management or blockchain applications).

Homepage — https://en.actiware-development.com

Interview

VeMag: What does your VeChain module offer and what advantage does it offer companies that integrate it?

Actiware: The first version of our VeChain module allows you to link processes holistically across different systems and make them verifiable: Information from business applications (including ERP systems), documents (such as receipts, emails, contracts) and IoT data can be linked to VeChain Thor via a so-called VeChain processor — to store important data in the blockchain. This is done very easily — by graphical modeling and without programming.

Process Engine: The user can independently decide at which point data can be stored in Vechain Thor.

The platform demonstrator shown at the VeChain Summit makes the holistic use tangible: Data capture starts here in the SAP ERP system, IoT data is linked directly, as are provided documents. With the module integration, we are able to capture machine data using a Raspberry Pi as Edge Device and a Siemens S7 controller via OPC/UA (Open Platform Communications Unified Architecture) and combine this with the VeChain module in filtered form if required. The data is processed live and in the context of the ERP system. The conditions under which production takes place are tracked, and the VeChain module provides proof of this.

The platform demonstrator in action: transactions were stored in real time on VechainThor. All machine data was also directly linked to normal business data. With this solution, however, much more is possible.

However, our possibilities go far beyond the middleware and the process engine. These central services are part of the holistic information management, which also organizes the storage, administration and provision of data. Here, blockchain networking can be simply switched on as an element through the FAAS architecture: In document management, for example, this can be used to prove relevant actions on a document or its metadata. This makes sense, for example, when working together across organizations.

We have also made it possible to call up verification data directly from business transactions, i.e. relevant questions can be answered quickly and reliably with powerful information from the context.

The application possibilities go so far that data collection processes and input forms can be graphically combined in processes that interact directly with VeChain Thor. Here we deliver a modelable user interface to the VeChain Thor network for dialog-based blockchain applications.

In general, the system can be used as standard software without any development effort.

VeMag: Why did you choose VeChain?

Actiware: We tested several providers for the control from our holistic platform. The VeChain team and the authentic communication appealed to us. We were positively impressed by their focus on professional business applications of blockchain technologies beyond crypto currencies.

In comparison between different providers, the consensus mechanism and Multi-Task-Transactions (MTT) also convinced us in the first tests. We see the dual token design and the possibilities of the Multi-Party Payment Protocol (MPP) as an important element for a broad adaptation of the technology. The possibility of allocating transaction costs can make it considerably easier for small companies to introduce appropriate solutions or make them possible in the first place. Market participants can thus create solutions for holistic usage scenarios that would otherwise not be possible.

We would also like to emphasize the support of the VeChain team. Compared to other blockchain networks, there are clear differences in our experience in development support.

VeMag: How did the integration work? Were there any difficulties?

Actiware: We didn’t need much time. The modular structure of our platform, especially the central process engine, made the integration easy. Most blockchain projects focus on end consumers with mostly client-side applications, keywords: Connex, Web3, etc. We are committed here per se to a holistic approach, which functions generically and modelably on the side of service usage and user interaction.

Most of our work was possible with the documentation of the vechain / thor Github repository. If we had any questions, we always received a prompt answer from the Foundation core developers. Here we would like to thank libotony and Bin Qian personally once again.

VeMag: Are there any other plans to work together with VeChain?

Actiware: We were very pleased about the official interest from VeChain. Jérôme Grillères visited us at our booth at the Hannover Messe, the world’s largest industrial fair, and invited us to the VeChain Summit in San Francisco. This was a logistical challenge due to the short time, but a good decision: In addition to the exchange with the community, well-known VeChain partners and companies interested in Blockchain, we received a lot of positive feedback on our holistic solutions.

The most important thing in San Francisco was the exchange with the VeChain management team, who spontaneously took their time for us. The discussion was very positive, both sides wanted to work together. We arrived in the ecosystem by high-speed, so to speak, and now it’s time to put the rest into concrete terms. The first cases in which joint steps can be taken in the market already exist.

We think our offer can bring enormous advantages to blockchain providers:
We see ways for the breakthrough of blockchain networks on the one hand in the adaptation with tools such as tool chain. On the other hand — in the business sector — the fully integrated connection of existing systems, as a continuous automatism. It is becoming increasingly important to connect existing business environments with blockchains.

For VeChain and VeChain partners, our strong, modelable integration technologies for all types of data offer great opportunities. We are looking forward to all requests for cooperation. We are generally open for partnerships.

For the original article, visit here.

Original Author’s notes:

I would like to thank Artur from Actiware for the interview.
VeMag is a hobby project. If you want to support me, you are welcome to do so. Thanks a lot!
VET: 0x44BeF4B2E9c0E0C2856cFa8Dc7F4d717218833b3
BTC: 1NhF5XdXzTwRfiVc3DByTgnBLTukBw72c9

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It’s the goal of every cryptocurrency project to have a thriving community of developers, investors, and enthusiasts. However, finding those who can engage with the platform and help spread knowledge is easier said than done. In China, regulations have made this task even more difficult – especially as VeChain’s long-term ambitions require the support of local regulators. In order to be compliant, VeChain has recently begun taking creative steps to cultivate a new crop of investors and channel partners here in the world’s most populous country.

Like the west, many investors are only focused on short-term market performance, and aren’t concerned with mainstream adoption. The industry is saturated with scams and multi-level marketing schemes backed by blockchain buzzwords, and information is limited by national internet restrictions and language barriers. For projects attempting to use blockchain to generate real-life value, this can be a real issue. Here’s a quick look at how VeChain is taking steps to develop a stronger community both here in China and abroad.

ToolChain and BaaS

VeChain’s latest product, ToolChain, can be used by the community to onboard SME’s and locally crafted products. However, this requires business owners or community members to have an understanding of the value blockchain can bring – a point often lost on those individuals focusing on market performance. ToolChain was created as a way to bring value to channel partners, in a manner that incentivizes a segment of the community to learn more about blockchain and supply chain integration. Already, global demand has been high, with over 250 applications. As the Chinese community is introduced to this white-label product, more and more people are being exposed to VeChain and blockchain in general.

Blockchain-as-a-Service has become an incredibly important area of focus for Chinese tech companies. With over 197 blockchain companies (including VeChain) legalized under the country’s new blockchain framework, BaaS-related projects will find it easier to navigate local regulations. ToolChain and ToolChain channel partners should find China to be very BaaS-friendly over the upcoming months, helping to spread adoption.

Educational Services

VeChain recognizes the importance of cultivating a mature and knowledgeable community. On May 28th, Dr. Ren Zhijie gave a free class on blockchain consensus methods to the community. Dr. Ren is a senior researcher at VeChain, who is also published in the fields of blockchain consensus algorithms, scalability, and applications.

VeChain conducts a free class on blockchain consensus methods from their Shanghai office

Education has always been a field that VeChain has led in, headlined by their global VeResearch program. In the past, they’ve worked with top western universities such as Oxford University, Michigan State University, MIT Media Labs, Dartmouth University, and Stanford University. VeChain is also focusing on institutions closer to their Shanghai office, including South China Normal University, City University of Hong Kong, and Shanghai University of Finance and Economics. Top national schools including Qinghua University and Shanghai Jiaotong University (Renji Hospital) have also been involved with the Digital Low Carbon Ecosystem. While working with these elite institutions, VeChain is exposing an entire generation of top talents to blockchain’s enterprise use cases, as they take part in research that leads back to creating more innovative VeChain projects.

Recently, VeChain has taken a more assertive role in community management. They have suggested more educational opportunities will become available, as they try to grow a stronger community of technically-capable participants. Vechainworld.io has been created as an educational resource and a networking platform for contacting both the team and other members of the community. As the summer months approach, it will be interesting to see how China’s massive population responds to a heavy national pressure to develop emerging technologies. With an unrivaled list of enterprise and institutional partners, and an untapped market of highly-nationalistic Chinese citizens, VeChain could quickly become a household name within the tech industry.

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