SwitchUp SwitchUp Ranked Best Coding Bootcamps 2025

Blockchain Newsletter: China Central Bank Says Initial Coin Offerings Are Illegal [2017W36]

Altcademy Team wrote on 7 February 2018

This Week's Update on Bitcoin and Blockchain [2017W36]
Issue: Week 36 of 2017

Markets

  • Price per Bitcoin BTC is at ~$4393 USD (+3.7% from last Monday)
  • Price per Ether ETH is at ~$321 USD (-5.8% from last Monday)
  • Price per Bitcoin Cash BCH is at ~$560 USD (-6.67% from last Monday)

Articles

This week’s new initial coin offerings (ICOs)

  • Grace is building a charity fundraising platform that provides an incentive mechanism for advocates to promote charitable causes.
  • Grace’s Advocate Incentive Mechanism rewards advocates financially by giving them a percentage of the fund raised.
  • The reward is provided in Grace’s own ERC-20 ethereum coin GRCE.
  • The reward percentage is set during the creation phase of each campaign.
  • Grace is creating 120 Million GRCE tokens in total.
  • 80% of this will be sold in the token sale at an exchange rate of 3,000 GRCE per ETH.
  • The presale period plans to release 20 million GRCE with 20% bonus token reward.
  • It is scheduled to start on September 4, 2017 and last 7 days or until the cap is reached.
  • Matryx is a platform that enables and incentivises collaboration in science, technology, engineering and mathematics.
  • It consists of a ethereum based bounty system, a library of digital assets, and a marketplace.
  • Bounties are posted with the intention to fulfill specific problems, from mathematical proofs to 3D designs.
  • The bounty poster can select a submission and use it as the parent for a new batch of community revision.
  • When the poster is satisfied, a winner is chosen.
  • All contributors, not just the final winner, are rewarded with Matryx’s cryptocurrency MTX.
  • The company behind Matryx, is Nanome.
  • They have previously created and launched two VR applications for mathematics and nanoscale design collaboration toolkits on the Steam platform.
  • There will be exactly 314,159,265 MTX created. The presale of MTX tokens start on September 6, 2017.
  • The exchange rate is set at 1165 MTX per ETH.
  • To participate in the presale, minimum investment is 75 ETH.
  • Investment of 150 - 300 ETH receives 10% discount, investment of 300 ETH or greater receive 15% discount.

Bitcoin 101: a 5-day free course in the form of 3–5 minute read on emails to help you feel comfortable around the topics of Bitcoin. Sign Up.

Send the following link to a friend so they can subscribe to this newsletter too.

Trusted by

Students and instructors from world-class organizations

Imperial College London
Carnegie Mellon University
City University of Hong Kong
Hack Reactor
Cisco Meraki
University of Oxford
Swift
Bazaarvoice
Waterloo
Uber
AtlanTech
Tumblr
Boston College
Bombardier Aerospace
University of St. Andrews
New York University
Minerva Schools at KGI
Merrill Lynch
Riot Games
JP Morgan
Morgan Stanley
Advanced Placement®
Google
KPMG
The University of Hong Kong
University of Toronto
SCMP
Moat
Zynga
Hello Toby
Deloitte
Goldman Sachs
Yahoo
HSBC
General Assembly
Tesla
McGill University
Microsoft

Join the upcoming Cohort #97

Enroll for January 6th, 2025