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Counos Centralized Exchange; One-Stop Exchange for All Users

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Counos Centralized Exchange is on the verge of being unveiled, providing a centralized trading platform that allows users exchange crypto with crypto and crypto with fiat money and vice versa in a safe and secure environment without any concern for their assets.


The founder of Counos, Pooyan Ghamari has recently announced that after a long time during which a lot of work has been done to improve and increase the features of the exchange, Counos Centralized Exchange is being launched.


This exchange is operated by Counos s.r.o. which is an exchange whose main office is based in the city of Dunajská Streda in the country of Slovakia. Counos s.r.o is officially registered and licensed with the registration number 51285037 that has the permit to offer services in the domain of digital currency exchange services and digital currency wallet services.


Counos Centralized Exchange has been established as a means to provide a platform in which the process of cryptocurrency exchange is facilitated. Such that users can trade digital currencies with fiat money and vice versa in a fully legal and secure way. But at the same time, speed has not been sacrificed for other characteristics. As a result, users will not only experience ultimate safety and security, but also a face paced process and trading.


Also, Counos will review and guarantee the security and authentication of transactions and exchanges. In addition, there are mechanisms in place in order to prevent the occurrence of any activity that would lead to illegal actions or itself be deemed as one.


By relying on the experts in its team, Counos Centralized Exchange will constantly attempt to improve the services that are offered to users and the breadth and range of supported digital and fiat currencies. All in all, as the founder and CEO of Counos stated, the highest aim of Counos Centralized Exchange is to offer the highest standards of services to users.


With the unveiling of the Centralized Exchange, Counos will have both the centralized and decentralized trading platform for cryptocurrencies, as the decentralized exchange
was launched in 2019. As such, with the help of Counos DEX, users will be able to trade digital currencies as well.


Source: Counos





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A Complete Examination of NFTs

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NFTs are taking the world by the storm. There is a great degree of hype and social media chatter surrounding them. To both professional and novice traders, they might seem like an amazing investment opportunity or even downright absurd. This wide ranging perception with regard to these digital assets is indicative of the fact that most people have yet to realize their full potential. In this article, NFTs will be brought under the full spectrum of a detailed analysis.


What Is an NFT?


NFT, which is short for a non-fungible token, is a digital asset that is exploding at the moment. NFTs are being sold for prices as high as millions of dollars. These digital assets can take almost literally any form, but mostly art, or rather anything that would be construed as art; as such they could include anything from pictures, paintings, music, gifs, to things like tweets and gaming collectibles.


Perhaps the two most prominent features of NFTs are that their price and value is completely subjective and also the fact that they are purported to be completely unique.


These non-fungible tokens are traded with the help of cryptocurrencies and, as mentioned earlier, could encompass a wide array of assets. One move in the NFT world that really caught the attention of the general public a couple years ago was the purchase of founder of Twitter, Jack Dorsey’s very first tweet.


His first tweet, published back in 2006, got sold off for approximately 3 million dollars. But why pay so much for tweet? Why pay millions of dollars for something that everyone has access to? And why pay money for something that everyone can just screenshot and keep a copy?


These have been the questions that most come up with the topics of NFTs ever since they came to fore.


The main reason that can be argued as an answer is that NFTs offer a unique and private form of authentication for ownership over something. So, when someone owns something, whatever it may be, they have a verified and legitimate proof to show their ownership.


History and a Deeper Look


When did exactly NFTs come to occupy the financial hype status? Well, the so called non-fungible tokens have been around ever since the year 2014. Back then, they were mostly used to collect and trade gaming collectibles.


But in the last couple of years, they gained a substantial amount of traction in the buying and selling of artwork, especially the digital kind. In fact, this traction has continuous getting stronger, so much so, that in 2020, the global NFT transactions went over 300 million dollars.


So, an NFT is a collectible digital asset that could come in the form of music, video, art, gaming collectibles, etc. So, in essence, they are considered to be assets for investment.


However, they can also be in the form of cryptocurrency, but distinct from the prevalent forms of cryptocurrency because they cannot be exchanged like-for-like; hence being non-fungible.


The special feature of NFTs compared with other cryptocurrencies is the extra amount of information that they can carry. So, even though there are many different kinds, they can, for example, be a music file or a digitally rendered artwork. So, basically, they can hold any form of valuable data that can be stored digitally. In this case, instead holding the physical version of the Mona Lisa, you will receive a JEPG file of a unique painting.


But what exactly would be the different between your especially owned NFT JPEG file compared with any other JPEG copy on the internet?


The point here is that NFTs carry with them unique identification and authentication codes. These codes manifest a token that has digital scarcity. This is exactly the opposite of all the digitally rendered creations that can be found all over the internet. This scarcity and limited supply is what gives NFTs their value.


So, when you have an NFT, even though other people can just as easily access it simply by Googling it, you are its rightful, legal, and legitimate owner; and so to speak you have the bragging rights over the item. Something that literally no other person on earth would have. Thus making NFTs a tamper-proof, unique, and valuable form of ownership.



The Way NFTs Function


Much like any other recorded crypto transaction, NFTs are also units of data that are stored on a digital ledger or otherwise known as a Blockchain network. But, as pointed out before, these bits of information do not merely hold financial transaction information. Indeed, they can hold any kind of extra information, taking the form of video, music, GIF, JPEG, etc.


NFTs are purchased and sold off like any other artwork or asset. As such, various factors in the market, including scarcity, rarity, supply, and demand regulate their value and price.


For instance, some of the most popular NFTs are bought and sold in marketplaces that implement the Blockchain network of Ethereum. So, when you purchase an NFT, the information relating to this purchase and transaction are all recorded in the Blockchain network of Ethereum. That is precisely what makes the owner of the NFT distinct from any other use who would merely right click and save the file.


All in all, it can be said that NFTs are like a form of cryptocurrency transaction that is recorded on a digital, public ledger or a Blockchain network. But with the difference that they cannot be traded or exchanged one by one or at equivalency.


The Difference Between NFTs and Cryptocurrencies


So the non-fungible tokens and the cryptocurrency are all based on the very same technology – Blockchain. The technology that has been taking the world by storm.


So, as we know, the Blockchain technology offers a public ledge on which information and data related to transactions can be recorded. This can be done in a way that the records are unchangeable, tamper-proof, completely transparent and all around fully safe and secure.


Both the NFTs and the cryptocurrency implement this technology to records their transactions.


So if both of them are recorded on the Blockchain, what is the difference between NFT and crypto?


The most important distinction between these two is the notion of fungibility. Cryptocurrencies can be traded and exchanged with one another denoting the same value or equivalency. But as we have already seen in this article, NFTs are not tradable one-by-one sine they lack equivalency like cryptos.


And that is the difference between these two.


The Application of NFTs


There are various advantages in using NFTs and the technology pertaining to it as a whole.


For starters, now with the help of these tokens, all artists can easily monetize their work. Something that would have been inconceivable before. Since they had to go through the conventional monetizing process, most probably having to go through a third party agent that benefits from commissions.


However, now with the help of NFTs all artists, not matter how professional or amateur, can sell their work on their own without any intermediary directly to the customers.


In addition, an unprecedented degree of privacy and assurance has been provided for the artists. Prior to the Blockchain era, it was evidently and clearly not unheard of for artists to be beret of the rights to their work. A clear example would be Margaret Keane, who did not enjoy the full benefits of her work until much later due to her work basically being plagiarized and stolen.


But with the help of NFTs artists can own the rights to their artworks like never possible before. The full information of the creators in addition to the new owner can be recorded in the metadata of the NFT, which could include the signature of the creator, or any other data.


So NFTs are empowering artists and content creators in a way that has never been possible up to this point. But this is not where the functions end. As metaverse is becoming bigger and bigger, NFTs are gaining a much more important role, as a very serious and legitimate method of investment and also transferring ownership over value.


Artboard 127 copy.jpg


Risks and Controversies


With all the benefits and advantages tied to the non-fungible tokens, there are a lot of controversies surrounding these tokens.


One of the major criticisms posed toward the NFT world has to do with environmental factors. Since creating an NFT requires a huge sum of energy and electricity, the generation of which, in turn, requires a great deal of non-renewable natural resources.


There have been some murmur as to when NFTs can become carbon neutral. But still, the verification and authentication process of these tokens still heavily rely on proof of work algorithm, which of course, consumes a vast amount of energy.


The environmental factors are among the reasons why some are holding back from entering the market. But there are also some risks that are linked with NFTs.


Just like any other form of investment, NFTs can also be very risky. The value and price of these tokens are never guaranteed. No one knows if they might go down; especially as demand and attention is increasing, which in turn would increase the supply to a great degree. In addition, authenticating and verifying whether you are purchasing the NFT from the original creator can be a difficult task.


The Future of NFTs


Everything considered, the road ahead of NFTs seems rather uncertain. Some say that at any moment this trend could end. At the same time, it may not even be a trend, and actually become the next big thing in the world of investment. Especially with as metaverse is growing ever larger.


—————


Written by Pooyan Ghamari


Founder of Counos Platform


Other projects;


Counos Exchange


Xbit Project





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ICO

Counos Centralized Exchange Launch; Announced Pooyan Ghamari, Founder of Counos Platform

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Counos Centralized Exchange is on the verge of being unveiled, providing a centralized trading platform that allows users exchange crypto with crypto and crypto with fiat money and vice versa in a safe and secure environment without any concern for their assets.


The founder of Counos, Pooyan Ghamari has recently announced that after a long time during which a lot of work has been done to improve and increase the features of the exchange, Counos Centralized Exchange is being launched.


This exchange is operated by Counos s.r.o. which is an exchange whose main office is based in the city of Dunajská Streda in the country of Slovakia. Counos s.r.o is officially registered and licensed with the registration number 51285037 that has the permit to offer services in the domain of digital currency exchange services and digital currency wallet services.


Counos Centralized Exchange has been established as a means to provide a platform in which the process of cryptocurrency exchange is facilitated. Such that users can trade digital currencies with fiat money and vice versa in a fully legal and secure way. But at the same time, speed has not been sacrificed for other characteristics. As a result, users will not only experience ultimate safety and security, but also a face paced process and trading.


Also, Counos will review and guarantee the security and authentication of transactions and exchanges. In addition, there are mechanisms in place in order to prevent the occurrence of any activity that would lead to illegal actions or itself be deemed as one.


By relying on the experts in its team, Counos Centralized Exchange will constantly attempt to improve the services that are offered to users and the breadth and range of supported digital and fiat currencies. All in all, as the founder and CEO of Counos stated, the highest aim of Counos Centralized Exchange is to offer the highest standards of services to users.


With the unveiling of the Centralized Exchange, Counos will have both the centralized and decentralized trading platform for cryptocurrencies, as the decentralized exchange
was launched in 2019. As such, with the help of Counos DEX, users will be able to trade digital currencies as well.


Source: Counos





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Counos; A Full Review – Foundico.com

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Counos Platform is featured on the Summer/Autumn 2021 edition of Business Booster Today Magazine


You can get a digital or hard copy from Amazon.


The following is from this feature article.


The financial demands and requirements of people all over the world change and evolve as time goes by. As such, in the recent technological era, with the advent of Blockchain and more specifically its applications, i.e. digital currencies, smart contracts, etc., the financial needs of the world have also become more complex. The need for a one-stop, comprehensive platform offering a wide range of financial services is one that must have been answered. Counos Platform came to fore to answer this very call.

Born in the Land of Alps


Counos Platform
was established in 2018 in Switzerland. Being a predominantly Blockchain-based company, Counos offers an extensive range of financial services, both in the world of Blockchain and otherwise. As the company claims, the principal aim behind it is to create an economic community. And at the heart of this economic community are people. People who have gathered together to employ the financial tools offered by Counos in order to further their goals.


The ultimate aim here would be a very large decentralized network powered by various individuals from all over the world all gathered in one place. This would mean users creating wealth and value by each other for each other.


But Counos also does B2B operations. Defining itself as a fundamental, and all-in-one company, Counos offers its services for businesses as well. But it does not end with offering services alone. Counos also offers developing those services for other businesses as well. Such as developing cryptocurrencies, Blockchain networks, tokens, etc.


In this article, we will discuss some of the services offered by this company, including cryptocurrencies such as Counos X, Counos Bit, Counos H, and financial services such as Payment Gateway, Securitization Services, and also Crypto Exchange.

Counos X


This cryptocurrency, with the exclusive code of CCXX, has been developed with an independent Blockchain network based on the proof of work algorithm. The total cap of Counos X is set to be 21,000,000 coins. In the first stage of offering this coin, about 18,300,000 coins have been offered.


The maximum coin generation limit has been set to 25 coins per day. This means that even though only about 3 million coins are left for mining, but it would take more than 300 years to mine all the coins. Thus ensuring the value stability of this cryptocurrency.


In addition, Counos X
has obtained a Swiss ISIN, making it the first bankable digital currency in the world. In simple terms, being bankable means that users can purchase this coin from their local bank anywhere in the world. But being a tool for financial transfer is just the first step for Counos X.


As far as the main aim of the platform is concerned, Counos X has been designed to achieve that very goal. To create a large community of users, through offering an extensive array of service.


As such, various services are offered all based on the Blockchain network of Counos X, namely Counos Layer, Certification System, Election System, Copyright System, and Decentralized Finance.

Counos Layer


This is a protocol built on top of the Blockchain network of CCXX. This protocol will make it possible to issue and develop various digital assets, such as tokens, all according to the network of Counos X.

Certification System


In this system, using the network of CCXX and its coins, various certificates can be issued, including university degrees, transportation documents, identification documents, etc.

Election System


Offering a tamper-proof, decentralized, and completely reliable election system, in which voting ballots are Counos X coins. And the ballot boxes are Counos X wallets.

Copyright System


The Blockchain network of Counos X will be used to register, record, and store all different sorts of copyrighted material. This includes, all types of patents, intellectual property rights, music rights, etc.

Decentralized Finance


Decentralized finance, or shortly known as DeFi, is a newly developed concept regarding a decentralized financial system. This is what Counos X presents. An infrastructure for conducting financial matters in a decentralized matter.


All in all, the various services that Counos X offers to meet the needs of the users revolve around one thing; Counos X coin. Imagine a machine with many different parts. In order for this machine and all its parts to run properly, it needs fuel.


In this scenario, Counos X coins are the fuel to this financial system. A system designed to create wealth, value, and services for all users.

Counos Bit


Otherwise known as Cbit, Counos Bit
is a cryptocurrency that is built on a Blockchain network called a hard fork.


In fact, the network of Counos Bit is a hard fork of Bitcoin’s Blockchain network. This new hard fork is a continuation of the Bitcoin chain. This means that it splits from where the network of Bitcoin is right now and will continue as a separate independent network.


In other words, the network of Counos Bit will include all the information of Bitcoin network. But what is the reason behind developing a hard fork based on Bitcoin?


As mentioned above, the new network will include all the information already recorded on the network of Bitcoin. But the point is that it will include many various improvements and changes.


This includes a much higher total cap of coins, faster block generation, faster transactions, and a Blockchain-based messaging system.

Specifics of Cbit


Counos Bit has been developed based on the SHA-256 algorithm, which is one of the most well-known and prominent cryptocurrency algorithms.


At the same time, because its network is a continuation of Bitcoin’s network. All the users who already have Bitcoin will also have the exact same about of Counos Bit coins on the new network.


What this means is that the entire Bitcoin community will be able to participate in the new network; this is literally anyone who has any amount of Bitcoin.


Therefore, about 18,600,000 coins have already been mined. But the total cap of coins for the Cbit is set to be 2,100,000,000 coins.


Additionally, the average block generation time for Counos Bit is 30 seconds. This means a much larger volume of transaction in a much faster time.


And, as mentioned above, the Blockchain network of Counos Bit will also entail a messaging system. The way this system works is that users can send each other messages that are recorded on the network. Of course, these messages are sent as part of transactions made in the chain. Therefore, every single message can be seen in the block explorer of the network. Users will also be able to send each public and private messages.


Altogether, Counos Bit is a hard fork that will include and also encourage every single Bitcoin user to be part of a bigger and more importantly more efficient network.

Exchange


The centralized exchange of Counos offers fast, private, and secure cryptocurrency exchanges. Implementing world class safety and security standards, Counos Exchange provides an environment for users to engage in crypto trades with ease of mind.


A prominent feature of this exchange is its powerful matching machine, meaning that users will be able to find a match for their trade pair easily and quickly. At the same time, quick deposit and withdrawal of cryptocurrencies as well as fiat money are provided.


But there’s more. In order to facilitate and offer a much more smooth experience of trading, the trade page implements a Single-Page Application, otherwise known as SPA. This will enable users evaluate the market in real-time and quickly.


At the same time, reaching for much faster and quicker trading operations do not come as a cost to security.


The exchange is fitted with different security features. Including Counos SSO, or Single Sing On, which itself includes Two Step Verification, and KYC (know Your Customer).


Smooth, fast, and straightforward, yet at the same time, safe and secure.

Payment Gateway


Counos Payment Gateway
can be used by any business, especially E-commerce businesses, in order to accept cryptocurrencies as a payment method for the goods and services they offer to users.


This payment gateway supports a wide range of digital currencies. This enables businesses to select whichever cryptocurrency they want to accept as their desirable payment option.


With regard to user security and privacy, Counos Payment Gateway may just be the ideal choice. Since, no wallet information will be required of them to make the payment. In addition, they will not be redirected to third-party websites.


The security offered by this payment gateway concerns both sides of the deal. Customers and businesses. Just like no unnecessary information, such as wallet info, will be required from users, the businesses can also rest assured that they will receive their due payment in full. This is achieved via receiving adequate payment confirmations before clearing an invoice.


So, both the customer and the online shop will have guarantee of a secure and reassured transaction.


Moreover, the withdrawal of the payments made by customers can be carried out in an easy manner via the gateways panel and with the help of the different APIs provided.


There are already businesses that implement Counos Payment Gateway. For instance, Real001, which is an online precious metals and luxurious goods shop. And also Casino Xbit, an online casino is another business that implements Counos Payment Gateway.

Securitization


This is a concept that is usually not understood by the general reader. In simple terms, securitization is a process whereby a financial asset is transformed into an asset with real value.


In the same manner, Counos Securitization Services can transform any financial asset and make it fungible.


So, imagine a company that is offering a digital currency. But this crypto is not doing so well. It doesn’t have much market value and it is not accepted by many exchanges.


Securitization can make this crypto into a fully tradable asset. One that can enter various markets and exchanges and be traded by users.


This is what it means for an asset to become fungible and bankable. In other words, it becomes fully financially legitimate.


The way Counos Platform securitizes an asset is via Swiss ISIN, or international security identification number.


When Swiss ISIN is obtained for an asset, it becomes fully bankable. This means, even traditional banks will recognize the asset, even if the asset at hand is a cryptocurrency.


Counos, born in the heart of Switzerland, bringing the might of Swiss Stock Market for assets all over the world.

Final Remarks


As the company itself has reiterated this point at various points, Counos is a platform that has been specifically designed to revolve around a community of users.


In order to create a large and decentralized community, Counos offers various services to meet various needs of the users.


Source: Counos





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