KOYNCE Cryptocurrency Exchange launched at World Blockchain and Cryptocurrency Summit (WBCS) at Moscow, Russia World ICO Show provides an opportunity for ICO projects to present themselves to big investors all around the world with total assets more than $2 billion. World ICO Show was held on May 20 at Moscow Russia where more than 200+ speakers from 100+ countries to speak on themes related to governance, education, cryptocurrencies trading, telecommunications, law and BlockChain, and Fintech.
Koynce Exchange has been launched recently by Mr. Vishal Nigam at the World Blockchain and cryptocurrency Summit promises a Fiat to Crypto and Crypto to Fiat currency exchange with a plan to support over 160+ cryptocurrencies. Koynce Exchange is currently available to Alpha Testers and the beta version is slated to be officially be launched on June 20th.Mr. Nigam got much applause for his vision about a Unified Exchange Platform which he demonstrated at the World Blockchain and Cryptocurrency Summit. Talking about Koynce he said, “A product was required to bring in ease at Cryptocurrency trading and Koynce Exchange helps just with that.” He further counted us the features of his platform like a single stop for trading in 160+ currencies, a powerful trade-matching engine, arbitrage bots, Mutual Fund Platform, Over-The-Counter trading, and Multi-trading.
At the World Blockchain and Cryptocurrency Summit, Mr. Vishal Nigam was invited as a Speaker on topic — Blockchain for Government. Mr. Nigam was later invited after the WBCS Opening session on 20th May to launch his cryptocurrency Trading Exchange, KOYNCE. Koynce exchange was launched in front of 2000+ delegates who came from 100+ countries to attend the WBCS at Moscow, Russia. Accompanying Mr. Nigam, who represented India at WBCS were Javor Ninov from Bulgaria & Oliver Larosa from Malta
At the latter part of the day, Mr. Nigam also gave a pitch for his KOYNCE Token at the World ICO Show at Pokrovka Street, 47. Of the 23 participants who participated at the World ICO Show, Mr. Nigam stood first for his pitch about the importance of KOYNCE token and how is going to utilize the crowd sale fund for developing his KOYNCE Exchange. His pitch won him a prize money of $100,000 The runner-up team came out to be AI-Innovation and Second Runner Up was ClearOS.
Before leaving Russia, Mr. Nigam also was able to sell KOYNCE token worth $200,000 in a private sale. KOYNCE Exchange is stated to be launched in South Africa on June 6th at Finnovation Africa at be held at Johannesburg.
The blockchain technology, has for a decade, gone through a roller-coaster of hypes and name-calling – some good, others not so good. Among the many reasons leveled against the blockchain is the volatility of the cryptocurrency market, which in itself stems from a misconception of the blockchain to mean cryptocurrencies. But beyond these hypes, name calling, and misconceptions, the blockchain technology has undoubtedly proved itself as the ideal system that will power the next generation of applications on the internet, and this is why.
The increased mainstream investment
As a technology that was first thought to power only cryptocurrencies, blockchain initially grew as an invention for only tech enthusiasts and programmers. But as the ecosystem matured and mainstream companies got hold of how the technology could revolutionize almost every sector, from finance to governance, investment in the ecosystem peaked.
Among the companies driving mainstream investment in blockchain are Microsoft, IBM, The Linux Foundation, as well as international organizations, including the United Nations. Whilst these organizations are championing blockchain development in the enterprise world and for humanitarian solutions on the part of the UN, other companies, including Mastercard and JP Morgan are chasing blockchain-based solutions, one patent at a time.
These decisions indicate that though the blockchain is still in its infancy, companies, individuals, and governments have realized its importance in our digital world and would go the extra mile to make it work. The blockchain is here to stay.
The increased spending on new startups and talent.
Over the years, the number of blockchain-based startups has soared beyond imagination and blockchain related jobs are on the rise as well. Angel List reported that by April 2018, a total of 2,191 blockchain-based startups with more than $4.4 million in total valuation had already been listed on the platform. Crunchbase News equally stated that by February 2018, VC fundraising for blockchain related enterprises had already reached over 40% of the amount raised in the entire 2017. With global blockchain spending pegged at around $2.1 billion this year, the industry is bound to grow, new startups will spring up, and new talent will be needed – the blockchain is gradually building its path as the internet’s backbone.
Rising interest in blockchain by individuals.
Apart from companies craving for blockchain patents and the next enterprise blockchain solution, individuals are interested in the blockchain technology for something else – the elimination of the third party. From insurance companies to banks to brokers, individuals go through hectic processes to get anything business-like achieved. With its decentralized, distributed and immutable capabilities, the blockchain will provide trustless systems that do not rely on third parties, allowing individuals to undertake transactions between and among one another directly. This peer-to-peer future that the blockchain promises are what is driving individual interest in the distributed ledger technology and the craze is not stopping any time soon.
Conclusion.
The blockchain technology is still in its infancy. Though there is a lot to be done in areas of education, research, and implementation, the growing interest from the various parties will only create an excellent path for blockchain to flourish in the future.
The blockchain technology’s prowess as a disruptor of many sectors has already gained grounds. Whiles many countries across the globe are still skeptical about the ecosystem, Malta is on a different level. The country is undoubtedly one of the best blockchain-friendly environments, spanning adoption, laws, and governance. One sector, that has however not received much attention, even on a global scale, is blockchain education and research and Malta is bound to change that. In line with its aim to provide a world-class blockchain-based educational curriculum, the University of Malta has created the Centre for Distributed Ledger Technologies. The center will host and oversee the smooth running of blockchain-related and distributed ledger technology courses starting October this year. These courses and study units will be offered under existing undergraduate and master’s degree programmes at the University of Malta. The study unit Blockchain and Smart Contracts (ICT 3009) will be offered under three courses, including BSc in Computing Science, BSc in Artificial Intelligence, and Master’s Degree in Computer Science and Artificial Intelligence. The development version of this course, Blockchain and Smart Contract Programming (LAS3019) are geared towards those who want to get into smart contract and blockchain programming. This course comes under the Liberal Arts and Science (Plas) programme of the university and will be taken on evening sessions. Another course that will come under the Liberal Arts and Science (Plas) programme of the university is The Blockchain World: An Introduction (LAS1062). This is a non-technical course that will bootstrap students into understanding the world of blockchain and distributed ledger technologies. Whiles these courses will start this October, the university has more courses coming in the early parts of 2019. The University is working on a research-based course, A Blockchain and DLT Master’s intended to kick off by February 2019. And a taught Master’s degree in Blockchain and Distributed Ledger Technologies will also follow suit in October same the year. These moves by the university will not only position Malta as a center of excellence for blockchain and distributed ledger technologies but will also help the country to create the next generation of blockchain talent for the world.
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Dr Ian Gauci is the Partner responsible for Communications, Media and Technology within GTG Advocates. He is engaged primarily in electronic communications, information society, data protection, gaming and gambling matters, whilst also focusing on consumer law, competition law, broadcasting law, cyber law, e-commerce, m-commerce, e-health, e-payment, information technology, new technologies, unfair commercial practices and misleading advertising.
Dr Gauci provides legal, regulatory and strategic advice to operators in the gaming industry, content providers, electronic communications providers, data centers, e-commerce providers, payment institutions and software providers. He has also advised and assisted in mergers and acquisitions and represented clients in local and cross-border negotiations, mediation and arbitration. Dr Gauci has obtained substantial experience in drafting international commercial and technology contracts, including platform and hardware agreements, sourcing, outsourcing and software license agreements, sponsorship agreements, product and service supply, distribution, franchising and broadcasting agreements.
He has also assisted the Maltese Government on issues dealing with E-Commerce and E-Trust certification as well as assisted the Malta Gaming Authority (MGA).
Prior to joining the firm Dr Gauci was the regulatory and legal advisor for the Malta Communications Authority (MCA) and co-authored the Maltese Electronic Communications Framework. Apart from his work within the firm, Dr Gauci also lectures Communications Law at the University of Malta and acts as examiner, supervisor and tutor of final year law students submitting their thesis.
