Turtle Network – The Hidden Gem

While the vast majority of the cryptocurrency industry has been both chaos and turmoil in 2018, there is a hidden gem which has bucked the bearish trend. The project is Turtle Network, which forged its first ever block in April ’18 and managed to increase its market cap substantially and perform over one million transactions in under 8 months.

But you would never know any of this, because almost everything Turtle Network has done until now has been a quiet, grassroots effort. There are no paid employees, everyone who works on the project is either a volunteer or helping in exchange for bounties.

 

What is Turtle Network?

“It’s an open, trusted, secure and distributed Blockchain Network for everyone with a build-in Decentralized Exchange (DEX).”

 

Here are some current facts about the Turtle Network;

  1. Over 30 independently run nodes support the Turtle Network security across 13 countries worldwide.
  2. Turtle Network is based on a tech stack called scorex (funded by IOHK).
  3. Turtle Network is the first successful fork of the Waves platform and supported by a number of key players from inside the Waves ecosystem.
  4. Approximately 76% of the entire supply of TN is already staked.
  5. There is a built-in Decentralized Exchange (DEX) inside the Turtle Network wallet able to handle over 100 transactions per second.
  6. Turtle Network just completed its one millionth transaction.
  7. ERC-20 gateways are live.

What is Turtle Network’s value proposition?

  1. Open, transparent, and collaborative discussions and decisions.
  2. Open developer-friendly environment.
  3. Gateway Framework allows other network coins or tokens to utilize the Turtle Network, DEX, Telegram tipping bot & access to the strong Turtle Community. The Turtle Network utilizes Gateways for bi-directional token transfer on/off the network, in a quick and seamless manner.
  4. ICO Due Diligence (IDD) framework to assist ICO holder with Due Diligence and investor with risk management.
  5. Telegram tipping and instant trade bot.
  6. We aspire to allow the community to be actively involved in binding decisions through blockchain voting (secure, transparent & fair)

With the main foundation now in place, the Turtle Network is looking to list coins/tokens from other platforms.

So, what additional reasons are there for you list your coin/token on Turtle Network?

  • Coin/token Gateway listing is inexpensive and includes self-managed options. There is a promotion running at the moment.
  • Listing a coin on Turtle Network helps support a grassroots project that has great tech and is not some blood-sucking for-profit corporation.
  • The Turtle Network telegram community is very tightly-knit has over 1,500 cryptocurrency enthusiasts, many of which are welcoming new projects with open arms and helping create exposure to those projects.
  • Every listed project gets access to the telegram tipping bot which allows people to easily tip and trade a coin/token from within telegram without having to go through technical setup of making a wallet.
  • Tip bot allows people to tip your coin/token. This gives you an opportunity to really spread the circulation of your token via community.
  • Trade bot allows people to buy and sell your coin/token without having to even leave the comfort and safety of telegram.

Social Media Links;

Web: blackturtle.eu
Telegram Group: https://t.me/blackturtle
Telegram User: @Black_Turtle
Email: support@blackturtle.eu

More Universities Forced to Grapple with Logistics of Accepting Crypto Donations

As more and more graduates of prestigious universities go on to make a name for themselves in the rapidly expanding cryptocurrency space, the institutions where they learned their skills are increasingly on the receiving end of donations made using digital assets. However, many universities are completely clueless as to what to do with the funds gifted to them.

Are Cryptocurrency Donations More Trouble Than Their Worth?

The list of higher education institutions receiving donations in digital assets such as bitcoin continues to grow each year. However, not all universities are keen on accepting unfamiliar assets. Whereas you or I would be eternally grateful for such a gift, most endowment managers have no idea how to handle cryptocurrencies.

Firstly, there is the matter of setting up a suitable wallet to accept digital assets. Then there is the issue of selling them as quickly as possible. The volatility associated with crypto markets is something many endowment managers seek to avoid. Rather than grapple with these relatively basic facets of digital currency use, donations are frequently rejected.

According to a report in Bloomberg, in the US the University of Puget Sound, the University of California at Berkeley, the Massachusetts Institute of Technology, and Cornell University have all successfully taken undisclosed numbers of donations in cryptocurrency.

Meanwhile, the highly prestigious Harvard University is yet to accept gifted digital cash. Nor have fellow ivy leaguers Yale – although a spokesperson for the institution did state that it had tested the process but it was an idea not being actively pursued.

One of the earliest known examples of a higher education institution accepting a cryptocurrency donation was that of blockchain wallet service provider co-founder Nicolas Cary. He gifted Puget Sound 14.5 BTC in 2014. After a change of their endowments policy and several lengthy conversations about the logistics of accepting such an unconventional donation, the university relented and took the bitcoin. They, of course, quickly liquidated it quickly and missed out on around $95,000 at today’s prices.

That said, it seems curious that Yale has turned down donations made via digital assets. Its highly successful endowment manager, David Swensen , has been linked with investments in two funds focused on cryptocurrencies and blockchain startups.

It is not at all uncommon for universities to reject non-conventional donations. Bloomberg state that all manner of weird and wonderful gifts have been turned down over the years. These have included timeshares, paintings, and even areas of wetland. If the process of liquidating the asset is not quick and familiar, the endowments manager will simply deem it more trouble than it is worth. Evidently, some institutions feel that this is the case with bitcoin, ether, or any other digital coin they might receive.


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Author: RICK D
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