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Announcing the Torex IEO (Initial Exchange Offering), November 28th, 2019 on the ProBit Exchange

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Torex, the multifunctional blockchain platform for cryptocurrency trading, is offering extended trading features, including an Arbitrage Tool, Price Notification, Price Checker, HODL Tool, and developing Traders’ Ideas, Copy Trading, Crypto Betting, and fully-featured mobile crypto trading application. The debut round of its TOR (Torex token) is priced at $1/TOR on ProBit Exchange as of November 28th.

The highest possible bonus of 45% for this 1st Round, is offered for all TOR purchased using PROB (ProBit Exchange token).

For the consecutive rounds, bonuses for TOR bought with PROB will be:

  • 2nd Round – 35% Bonus
  • 3rd Round – 25% Bonus

TOR may also be purchased with BTC, ETH, XRP, and USDT.

For these purchases, bonuses are as follows:

  • 1st Round – 35% Bonus
  • 2nd Round – 25% Bonus
  • 3rd Round – 15% Bonus

The number of available TOR for each round will be limited to:

  • 1st round: 100,000 TOR
  • 2nd round: 200,000 TOR
  • 3rd round: 500,000 TOR

The Torex Trading platform is currently integrated with 6 major crypto exchanges (API trading with Binance, KuCoin, Bitfinex, Huobi, Bittrex and Poloniex) and will support up to 23 exchanges in 2020, allowing traders to monitor the currency rates on different exchanges, and buy/sell accordingly. It offers Price Notification, an alert sent via Telegram Bot, to let traders know as soon as possible when the indicated price points are reached.

The platform even includes for crypto traders what is known as a, “Trailing Stop” used to pull the order limit along with the price. In manual mode, the technical adjustment of the order can be made, specifying for how much percent the “stop-loss” can go on. The trader may buy a coin and put it on sale, and if the market starts to rise sharply, but doesn’t reach the indicated top, Torex moves the stop-loss, thereby allowing the user to profit.

An Arbitrage Tool is also available on the Torex platform, as the high fluctuation of prices in cryptocurrencies creates unique opportunities for inter-exchange arbitrage. The Arbitrage Tool of Torex helps traders profit from when the rate of a particular cryptocurrency at one exchange differs in price from another.

The Arbitrage Tool of Torex will have two modes: Automatic and Manual. In Manual mode, the assistant carries out the functions of search and display of arbitrage windows on exchanges, with access to current prices. A trader can also select other parameters to narrow down the selection, namely:

  • Exchanges with Open Arbitrage Windows
  • Currency Pairs to be Analyzed
  • Minimum Trading Volume
  • Minimum Percentage of Profit Expected

In Automatic mode, the Assistant will search for arbitrage windows, perform the corresponding trading operations and transfer money between exchanges. The user will only be required to make basic adjustments.

The basic Torex trading platform functionality is, and will be, available free of charge. You are welcome to open a free account. TOR tokens will allow crypto traders to gain access to advanced features on the platform after the IEO, once the service becomes paid, and to pay for such services as Traders’ Idea (subscription to other traders’ tips), Copy Trading, and smart contract-enabled Crypto Betting.

The Torex universal, user-friendly platform with its flexible mobile version will fulfill the various needs of cryptocurrency traders worldwide. The first round of its IEO with ProBit Exchange gives you the possibility to be part of it. Check out https://torex.one for more information on how Torex is changing the way cryptocurrency is traded.

 

SOURCE Torex

Blockchain

OKEx Launches OKB Ecosystem Monthly Report: Expands 5 C2C Markets and 36 New Use Cases

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On Dec 10 2019, the world leading crypto exchange OKEx launched OKB Ecosystem Monthly Report. According to the report, OKB ecosystem made great progress mainly on two aspects: transaction and new use cases expanding.

OKB is newly listed on five C2C exchanges covering major countries and areas recently. In addition to that, the number of OKB new use cases reached 36, including 11 platform-empowered use cases and 25 external use cases.

Besides, through a buy-back & burn scheme and the token economy model, OKB is now ranked among the top 20 global cryptocurrencies by market capitalization with approx. USD110 million daily average trading volume in C2C market.

Now, OKB is being turned into a global token. Thus, to occupy the C2C market, the first step for users to get into crypto world is crucial. OKB is now on OKEx C2C market, accounting for approx. USD110 million daily average trading volume from tens of thousands of users.

Besides, OKB is also listed on ALINIEX, Bvnex, two major C2C exchanges in Vietnam and Bitsonic, Probit, two major C2C exchanges in South Korea.

Apart from expanding transaction methods, OKB also made huge improvement in expanding use cases. The report shows that the number of OKB platform-empowered use cases has increased to 11 and teamed up with 25 partners to build the OKB ecosystem, which means, OKB is not only a token based on OKEx, the native token on the soon-released OKChain and OKDEx and the only accepted token for OKEx jumpstart, but also expanded to other industries, like network security (Slowmist, Beosin, Certik), finance service (13 platforms including LinkEye, Molecular Future, etc.) and lifestyle (9 platforms including Tripio, BitTorrent, etc.)

For example, OKB holders can book their stay at 450,000+ hotels worldwide with OKB on Tripio, the world’s first decentralized travel booking marketplace based on blockchain.

At the end of the report, it also disclosed some details of OKChain and OKDEx. OKChain is currently at the final development stage and its testnet will be launched soon. As the first Defi application OKDEx will also be available on OKChain by that time.

SOURCE OKEx

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ANSYS Accelerates Electronic Product Design And Signoff For Global Custom ASIC Leader

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Global Unichip Corp. (GUC), the global custom application-specific integrated circuit (ASIC) leader, has adopted ANSYS (NASDAQ: ANSS) to support its unmatched combination of advanced technology, low-power and embedded CPU design capabilities.

Providing advanced ASIC services that meet the needs of today’s innovative technology enterprises requires a fast introduction, timely resolution to customer problems and successful signoff. GUC selected ANSYS® RedHawk-SC™ to support the significant needs of its customers by effectively executing designs with more than one billion device instances and completing the full-chip systems-on-chip (SoC) power integrity and reliability signoff in less than two days.

ANSYS RedHawk-SC is built on ANSYS® SeaScape™ — the world’s first custom-designed, big data architecture for electronic system design and simulation. ANSYS SeaScape features big data architecture for electronic system design and simulation and provides elastic compute scalability to enable rapid design iteration, increased scenario coverage and greater accuracy for full-chip SoC signoff for advanced nodes. ANSYS RedHawk-SC’s actionable analytics provide designers with key insights to prioritize design fixes and enable easy viewing and querying of large design databases in minutes for faster debugging. Efficient hardware utilization makes the platform ideally suited for high-performance computing, artificial intelligence and datacenter applications.

“GUC is committed to providing world-class custom ASICs to help elevate prospective systems and integrated circuit (IC) companies’ market-leading positions,” said Louis Lin, senior vice president, GUC. “As IC manufacturing processes become more complex, there are more elements to simulate and compute during chip design and verification to ensure reliability and minimize power loss. ANSYS helps us minimize this complexity, speed our time to market and reduce development costs. Our partnership with ANSYS has been a cornerstone in helping our clients succeed in the IC market.”

“As a custom ASIC leader, GUC requires cutting-edge solutions for fast and accurate results,” said John Lee, vice president and general manager, semiconductor business unit at ANSYS. “RedHawk-SC meets the market’s unique needs for addressing multiphysics challenges — we are seeing an influx of customers deploying RedHawk-SC for the most complex product and design signoff.”

 

SOURCE ANSYS, Inc.

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The first global, stabilised, digital currency controlled by its holders, SAGA (SGA) lists on global cryptocurrency exchange Liquid

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The first global, stabilised, digital currency controlled by its holders, SAGA (SGA) lists on global cryptocurrency exchange Liquid

 

Global cryptocurrency platform “Liquid.com” today announced that it is the first exchange to list Saga token (SGA) for secondary trading.

SGA is the first global, stabilised, digital currency controlled by its holders and will allow global citizens to store and move value without friction across borders. It complements existing national currencies and offers a store of value outside the remit of national government and banking structures.

In order for SGA to serve as a global currency, it is fully backed by a strong basket of national currencies that replicate the International Monetary Fund’s SDR. Based on the SGA’s market movements, measured by the number of tokens issued, the Saga monetary model will gradually diminish reliance on the reserve as users’ confidence in SGA grows. Together, these measures are designed and implemented to reduce price volatility while allowing SGA to grow beyond a simple fiat-backed / pegged stablecoin.

SGA holders will also be the masters of the currency and, as a result, they will govern the Saga economy through a variety of voting mechanisms, designed to facilitate genuine representation of participants – balancing between identity and stake – and to generate long-term success for the currency. Holders will have to undergo an online Know Your Customer (KYC) process that ensures compliance within Anti-Money Laundering (AML) standards while maintaining their privacy.

The Saga token will initially be traded against the USD, Bitcoin and Ethereum, while more trading pairs are expected in the future.

“After in-depth conversations with our advisors and months of carrying out our own market research, we decided that Liquid is the ideal exchange partner for Saga. Liquid is one of the largest and most reputable cryptocurrency exchanges, offering customers a secure way to trade and hold SGA,” said Saga Founder Ido Sadeh Man. “Listing SGA on Liquid is an important milestone in bringing the Saga token to market.”

“We are delighted to offer Liquid customers the opportunity to buy and trade SGA. We believe SGA offers our traders an interesting opportunity as we see great value in Saga’s approach of replicating the mechanics of central bank national currencies and applying them on a global scale,” said Liquid’s CEO and co-founder, Mike Kayamori. “At Liquid, our core values are transparency and compliance, and as these are two key properties of SGA, a partnership between Liquid and Saga was a natural match.”

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