Monthly Archives: May 2018

Islamic Digital Bank HADA DBank Welcomes First Corporate Customer, Überstate

Digital Islamic bank on the blockchain HADA DBank has announced its latest agreement, having secured its first corporate client in “future-forward” property development firm Überstate.

Itself only two weeks into its ongoing token sale, Überstate has penned a deal with HADA DBank to purchase $1 million worth of the bank’s digital tokens, HADACoins.

The move will be seen as a major step forward for mainstreaming cryptocurrency as the two significant companies join together to build a vibrant and sustainable ecosystem based on the new crypto economy.

Hada DBank interim CEO and chairman Hisyam M expressed delight at the deal, believing it to be a statement of confidence in the new banking project. He added that they looked forward to serving Überstate clients soon, while looking for more partnerships in and outside of traditional sectors to introduce new banking and financial services and products:

Having 2 blockchain-based projects working together is the true meaning of blockchain economy that represents one of the spirits of blockchain in general, sharing economy.”

Meanwhile, Überstate was equally enthused about the deal, with CEO Jess Davis remarking on Hada DBank as a true partner in the blockchain banking industry:

We are very confident in the abilities of HADA DBank to fulfill its mission as an Islamic bank on the blockchain and help evolve the current state of the banking industry internationally.”

Davis also thanked Hada DBank partners F1 Cryptos and DE Asset Management for facilitating the agreement, personally acknowledging the roles of Michael Buchbinder and Darrell Emmanuel in brokering the deal while maintaining stakeholder fidelity.

Apart from allowing easy and seamless investment into any of bespoke Überstate property for immediate returns and ownership of luxury hospitality, Überstate also prioritizes long term sustainability via greener solutions. These include creating investment opportunities that look to aid community growth and renewal through the identification of grey field and infill sites in urban locations naturally amenable to development.

Synergies of token economies

Überstate Real Estate Investment tokens look to change the way real estate investment is conducted, allowing for fractional ownership of large-scale assets and businesses in the hospitality sector. Backed by actual assets to provide intrinsic value, the token looks to leverage utility in exchange for services and goods in various international locations.

The Überstate investment platform is fully automated, allowing for retail investment of blockchain-based securities and tokens into large-scale commercial real estate development and businesses. The public token sale is soon to be announced.

Meanwhile, HADACoins are still available for purchase in a general public sale, following the successful conclusion of a pre-sale. The first one million HADACoins will include a 100% bonus on top of normal rates of 1 ETH = 1,500 HADACoins, with a minimum transaction of 0.15 ETH.

To learn more about HADA DBank’s blockchain based digital banking based on fair Islamic principles, visit the website and read the whitepaper. Follow HADA DBank on Twitter and Facebook, or chat directly with the team on Telegram.

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Creating A Better Blockchained World: HMS Announces Pioneering Products and Technology

The ability to insure and be insured is one of the most important needs for both businesses and beings. This need is the driver behind an industry estimated at $3.92 trillion last year. However, the potentials of this industry continue to be limited by the challenges associated with the high cost of operation, lack of privacy, long processing time, and high rejection rates. These problems are as a result of the highly centralized nature of the industry, rendering processes that should take minutes into days. Cayman Island-based, HMS, has made a breakthrough in the development of a global solution to eliminate these problems.

Developed by the largest online crowdfunding platform in Asia, Qfund, HMS is bringing global, mutual support to the insurance industry through blockchain technology. The platform offers an open, transparent, smart, and self-help mutual support for users all where in the world. Already, HMS, has successfully deployed three mutual support products for its ecosystem: Global Health Mutual Support, Token Support, and Flight Delay Mutual. These products have been designed to meet the needs of different service industry as the platform continues to record numerous technological breakthroughs as the world’s first mutual support blockchain application platform.

Global Health Mutual Support

Launched on March 9th, 2018, HMS Global Health Mutual Support leverages a decentralized system for the global health industry to share the cost of treatment for affordable health risk protection with minimal spending.

Global Health Mutual Support is geared at users between 18-60 years old and require users to store 100 HMCs in smart contracts. Following a 180-day observation period, if the member is found suffering from any illness or illnesses on the platform’s 30 Major Illnesses List, they will automatically be entitled to receiving a mutual support compensation of up to 300,000 HMC.

Blockchain technology makes it easy for the global community to check up on the status of every event at any moment. The technology also facilitates the disintermediation of all engagement and transactions.

Token Support

The crypto market has become one of the most volatile market, which is why it has become of critical importance to have hedging support of the market’s wild and often sudden movements. Token Support was launched on March 17th, 2018 specifically for the crypto market.

Token Support has a mutual support fee of 0.01ETH~0.02ETH, enabling lucky members to earn up to 2ETH worth of mutual support. These winners are chosen through an autonomous smart contract, whose process is openly available to the public for transparency, fairness, and genuine randomness.

Token Support is powered by two innovative features; Afraid of Rising Mutual Support” and “Afraid of Falling Mutual Support”.

Afraid of Rising Mutual Support: A user afraid of an increase in price after flesh can participate in the mutual support that triggers a compensation contract when the token price rises to 25% after fleshing.

Afraid of Falling Mutual Support: Users harboring fear of the value of a token they’ve just acquired falling, can allay their fears by participating in a mutual support that triggers a compensational smart contract when the price of the token falls 25% from purchase price.

Flight Delay Mutual Support

Flight delays are notorious for throwing carefully laid plans up in the air – and equally just as unpredictable. Passengers beset by delays only need to pay 100 HMC and enter the correct flight information before takeoff. If this flight is delayed, they automatically become eligible for compensation of up to 2000 HMC with no geographical restriction.

Any flight that can be searched through third-party data company “FlightStats” are eligible to participate. The first compensation for this product was paid out on April 17th, 2018 and by May 7, 2018, 7000 HMC had been paid to the community

Technology Innovations

HMS recently integrated a number of technological improvements including:

User Security: Adopting a mnemonic login technology, the platform has enhanced security through the provision of a dual-account confidentiality service.

User account system: Periodic improvement of payment protocols, node backups, and enhancing of data statistics functions continues to push HMS product advancement.

Product iteration: HMS have released the  international version of its platform and also announced a referral programme designed to reward the community with HMC whenever they refer a friend to join the Flight Delay Mutual.

Technical Extension: In order to improve upon the operational speed of the platform, HMS is currently testing EOS contracts ahead of a full-scale technical support for large-scale multi-product operation.

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PR: DataBroker DAO Release Details of “Smart Islands” Talks, with 4 Days of their Token Sale Remaining

Bitcoin Press Release: DataBroker DAO is a blockchain solution to one of the fastest growing lucrative industries in the world, and there is less than one week left to participate in the DataBroker DAO public token sale which ends May 26th, 2018, 4pm CET.

May 22nd 2018, Dubai, UAE – The Internet of Things (IoT) market value is expected to explode by 2019, the estimated worth of sensor data at that point is 1.2 Trillion USD, which is an eye-watering figure. Fascinatingly, due to centralized systems dominating the market, and the majority of IoT sensor data being locked away with the sensor owners, roughly 120 Billion USD worth of ‘sought for others’ data generated will also be locked away.

Securing More Than Money

DataBroker DAO is the blockchain remedy that goes beyond just unlocking this financial figure. It is a platform with the ability to improve the quality of IoT sensor data, allow public or private entities to monetize their data at their consent and, as a bonus, provide a unique way to enhance the economic and social developments on ‘Smart Islands.’

DataBroker DAO attended a two-day Smart Island World Congress that brought together experts from across the globe, the purpose of which was to discuss and explore the solutions to challenges facing islands. Islands such as Aruba and Barbados have been keen to see how the platform can help them manage the specific challenges they face including waste management and lack of sensor data.

DataBroker DAO Blockchain Solution Architect Tom De Block had this to say on why the platform is the solution that can provide island societies with a new technological, social and economic empowerment:

“Islands are the perfect playing ground for our solution. Unlike cities, where some of the competencies are regional or even national, an island stands alone. Making it a lot easier to get things done. That is one of the reasons why we will gladly work together with all interested islands to deploy white labeled front ends of the DataBroker DAO marketplace.”

DataBroker DAO Platform and Data Quality

Assuring that the data available on the DataBroker platform is high quality is of paramount importance; in response to masses of feedback from community members, token holders and potential users, Databroker DAO upgraded the platform, addressing the concerns.

The platform has a “token curated registry” in which users will have to stake the native token DTX against any data they wish to sell on the platform, essentially requiring users to put their money where their mouth is.

Furthermore, the “discovery release” or the Alpha V2.0 upgrade carries with it a new range of sensors located in Belgium. Designed to act as the interface for users to browse and search data built on the token curated registry; furthermore, DataBroker DAO created a new decentralized application (DApp) that bolsters the effort by discovering new and exciting data sets. Take a look atthis explainer video to find out more.

DTX Token Sale

The token sale for the platform’s native token DTX began April 26th, 2018 and ends May 26th, 2018 4pm CET. The rate of exchange during the DTX token sale is 1 ETH per 4000 DTX; the token will be available for public trading May 30th, 2018 on the CoinFalcon exchange.

Individuals, governments, companies, researchers, any entity of any size can benefit from IoT sensor data. To find out more take a look at the relevant links below.

Visit the DataBroker DAO Official Site – https://databrokerdao.com/
Check out the Whitepaper –https://databrokerdao.com/whitepaper/WHITEPAPER_DataBrokerDAO_en.pdf
Chat on Telegram – https://t.me/databrokerdao
Bitcointalk – https://s3-ap-southeast-1.amazonaws.com/bprbfpv/wp-content/uploads/2015/07/15204554/index.php_.png?topic=2113309.0
Follow on Twitter – https://twitter.com/DataBrokerDAO
Like on Facebook – https://www.facebook.com/DataBrokerDAO/
Read the Medium – https://medium.com/databrokerdao
Follow the development live on GitHub – https://github.com/DataBrokerDAO
Check out the SubReddit – https://www.reddit.com/r/DatabrokerDAO/

Media Contact
Contact Name: Frank Van Geertruyden
Contact Email: frank@databrokerdao.com

DataBroker DAO 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. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose.

This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. The DataBroker DAO token sale is closed to US participants and participants of all countries in which ICOs are illegal.

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