agentsmit12

Brand New
  • Content count

    21
  • Joined

  • Last visited

Community Reputation

0 Neutral

About agentsmit12

  • Rank
    Jr. Member

Personal Information

  • Country
    Thailand

Coins

  • Main Crypto Interest
    Token

Tips

  • BTC
    1Q9MZd6JsNLPDYdttDiHTjPDJYTfNYNncs
  1. IZETEX Snickers Quest You won't believe but we finally did it! While all the other ICOs offer you boring bounty programs, IZETEX blows up your imagination about how to get free tokens. No Bounty, no dull coconut shavings stuck in your teeth! To hell with palm trees and beaches! This lifestyle is only for people who bought bitcoin in 2009. There is no time to relax - only hardcore, only blockchain! Here is absolutely unique and the first in cryptoworld IZX Snickers Program! Put on your sneakers and hurry up to catch tokens. Every IZX user will be able to make a profitable and new business. We want to distribute our tokens for free to everyone who believes in IZETEX. The only thing that we ask in return ? just to play and enjoy. We launch a Snickers program for everyone who is interested in IZETEX development and wants to get IZX erc-20 tokens. We won?t torment you with dull tasks, making you feel boredom, so our Snickers program will look like a fascinating quest. In addition to earning IZX tokens everyday, everyone has a chance to win a big jackpot of $ 50,000 in IZX tokens and many other cool prizes. It?s not necessary to be a super bounty professional and have a ramified branch of baobab on Bitcoitalk in order to participate in the IZX "Super Cup". Every simple mortal person, who is far from the blockchain and crypto currency, will be able to perform our special tasks, which requires perseverance and excitement. However, bounty-professionals, who are good at attracting the attention of crypto audience, won?t be left without their piece of pie and can be very useful for us. There will be 3-4 tasks everyday. If you complete them successfully, you will get an access to new more complex tasks, thereby moving to a new level. In addition to common tasks, there will be bonus tasks with an increased reward. The rewards will be charged weekly, so you don?t have to wait until the end of the ICO. Your tokens will be stored on your own Ethereum wallet. Please join our telegram bounty chat for more information: t.me/izitex_bounty
  2. New reality from Izetex Advertising is a perpetual motion that pushes progress. And the fuel for this engine has always been the attention of a potential customer. The trouble with a modern advertiser is that it will attract more and more every day. When street advertising became cramped in shop windows, it had to move to the Internet. Gradually increasing the advertising space, Internet sites are faced with a new phenomenon - banner blindness, when a visitor of the site no longer pays attention to kittens, feminine charms or screaming headlines. In addition, most advanced users have a block for pop-up ads in video sharing or social networks.The lion's share of the cost of any product is taken away by its promotion. Prices for advertising are constantly growing, and efficiency is falling. Social networks, a couple of years ago, were an excellent platform for promotion, hand over positions to messengers, where it is much more difficult to attract a client.New blockchain-platform IZX https://izx.io/ can be the solution to all these problems. Using the technology of augmented reality, Izetex has developed a unique approach to the promotion of the product, which won?t leave indifferent neither the client nor the advertiser. Thanks to IZX, advertising from obsessive banners turns into a fun game in the style of the cult Pokemon Go. A huge number of locations scattered game tokens, which will be collected by a potential client. Hunting for tokens, the player does not just have fun - the game currency now can be monetized in reality: exchanged for a product, service or discount.And most importantly - using Izetex platform you can not only become a trapper of crypto-currencies, but also create your own unique games, innovating your own business. Today, the IZX application has already downloaded about 15,000 people from 80 countries. By the summer of 2018, Izetex plans to enter a crypto exchange, which will allow exchanging game tokens for bitcoins, ethers and other virtual currency. Buy stock tokens, and thus get the right to issue game IZX Drive tokens can be on the official website of ICO https://ico.izx.io/Thus, combining block and supplemented reality, IZX provides the advertiser with the shortest path to the client, devoid of any intermediaries. Spot, beating directly into the target advertising, guaranteed to lead you to the buyer.
  3. How IZETEX create Proof of Walk (ICO Soon)

    IZETEX Snickers Quest You won’t believe but we finally did it! While all the other ICOs offer you boring bounty programs, IZETEX blows up your imagination about how to get free tokens. No Bounty, no dull coconut shavings stuck in your teeth! To hell with palm trees and beaches! This lifestyle is only for people who bought bitcoin in 2009. There is no time to relax - only hardcore, only blockchain! Here is absolutely unique and the first in cryptoworld IZX Snickers Program! Put on your sneakers and hurry up to catch tokens. Every IZX user will be able to make a profitable and new business. We want to distribute our tokens for free to everyone who believes in IZETEX. The only thing that we ask in return – just to play and enjoy. We launch a Snickers program for everyone who is interested in IZETEX development and wants to get IZX erc-20 tokens. We won’t torment you with dull tasks, making you feel boredom, so our Snickers program will look like a fascinating quest. In addition to earning IZX tokens everyday, everyone has a chance to win a big jackpot of $ 50,000 in IZX tokens and many other cool prizes. It’s not necessary to be a super bounty professional and have a ramified branch of baobab on Bitcoitalk in order to participate in the IZX "Super Cup". Every simple mortal person, who is far from the blockchain and crypto currency, will be able to perform our special tasks, which requires perseverance and excitement. However, bounty-professionals, who are good at attracting the attention of crypto audience, won’t be left without their piece of pie and can be very useful for us. There will be 3-4 tasks everyday. If you complete them successfully, you will get an access to new more complex tasks, thereby moving to a new level. In addition to common tasks, there will be bonus tasks with an increased reward. The rewards will be charged weekly, so you don’t have to wait until the end of the ICO. Your tokens will be stored on your own Ethereum wallet. Please join our telegram bounty chat for more information: t.me/izitex_bounty
  4. How IZETEX create Proof of Walk (ICO Soon)

    August 2017 – IZX presentatin — Innoopolis city October 2017 – Blockchain Solutions Forum in Barcelona, 3-5 October, Barselona Block show – Singapore, 29-30 November SEO conference – Kazan, 12-13 October BLOCKCHAIN — The New Oil OF Russia– Innopolis city October Blockchain World Conference - Bangkok, December Let’s blockchain this world together - Abu-Dabi, 7 December
  5. izx izetex ico cryptocurrency ico ethereum Cryptocurrency Mining On The Go Or What Is "Proof of Walk"? When you hear about cryptocurrency mining, you imagine, of course, long series of video cards with lights blinking or rows of servers that are eating electricity and heating the air around you like a band of dragons. It's all true, but today we are going to talk about mining that differs. And video cards have nothing to do with it. Searching for cryptocurrency in augmented reality application IZX was jokingly called mining on the go or "Proof of Walk". If you don't know, it is a mobile game where you search for cryptocoins on the map like you do it with Pokemon, and then catch them to your wallet using your phone camera in the augmented reality mode. Despite the fact that it was just a funny game, the cryptocurrency in it has real value in the form of prizes, discounts, or an equivalent in cryptocurrency. In general, people go around in swarms and look for these coins, earning them with their feet, that's why it was called mining on the go. The term "Proof of Walk" appeared later, it resembles the term "Proof of Work" in sound and meaning, for which farms with video cards are built. Just a joke or is there anything more in its meaning? Let's gain an insight! Why do we need it? First, let's remember why these video cards heat the air and what Proof of Work is. It is proof of work. In fact, it is an artificial barrier, so that it could be not too simple to add blocks to the chain as well as not too fast. Miners are allowed to add a block to the block chain, only if they solve a problem first. The condition of the problem is very simple - to select a seed to calculate the hash of the block, so that first N digits were equal to zero. The higher N is, the more difficult the problem is. The condition is simple, but you cannot say the same about the problem itself. If N is high, the solution is extremely difficult and people solder special processors based on ASICS (specialized programmable chips) or deprive children of computer games, and build farms from video cards: Children's video cards enrich the capitalists Why is it necessary to make addition of a block to the block chain even more difficult, which in fact is not very fast? To answer this question, you must first answer the other one: what is the main problem solved by the block chain? The problem of trust without a trusted party. Let's think it through: you must have trust in each bit of information in a network, where no participants trust each other. Part of the solution to this problem covers the use of asymmetric cryptography. We can be sure that participants do have accounts that are used to make transactions by means of verification of a digital signature pair with a public key. But the second part of the problem cannot be solved mathematically and requires some empiricism. Among such problems is protection against spending the same money twice (the so-called "double spending problem"). An intruder can make two blocks and include money transfer to two different recipients in each of them. At the same time, he/she will insert one block in one block chain and the other block - in another chain, for example, on different nodes of a single block chain network. This situation is called "fork" and the block chain network can solve it by choosing which of the chains will grow and which one should die. But there is no reason for the network itself to choose which of the chains is correct, and indeed what is "correct" - in this case it is a philosophical issue, rather than a mathematical one. The decision as to which block chain to choose is taken based on a "consensus". In other words we can say that the miner who will create ("mine") the next block takes a decision which chain is correct. Usually it is not enough, and the chain should be continued by a few (usually 5-8) blocks to make the recipient sure that the transfer was made to him/her and no one else. If everyone could add blocks to the chain at any speed and without cost, then it would be clear that this mechanism could not work. Indeed, to ensure that the chain cannot be faked, resources that no one else in the world has are required re-create these 5-8 blocks. Here these far-fetched problems related to hash, video cards and children without games appear. Let's summarize: You can trust in something, on which resources were spent It is interesting that computers used for mining can be considered as a kind of a community that decides what is good and what is bad. But that's not the case, of course. In fact, computers are used by people who get financial benefits from mining, and it is financial benefits that force them, first, to mine and, most importantly, to behave "correctly". The network pays miners a fee for each new block and it is economically unprofitable for them not to follow the rules and look for ways to deceive the system. It is money compensation for mining that allows to trust in a block chain. So, all of the above may seem to be a more complicated structure, and it is so. A block chain is really a difficult thing. But if you think about the complexity of the problem that it solves the problem of trust without a trusted party, then I think you will find justification for it. You may ask why we mentioned Pokemon? Let's have a look at IZX game from the point of view of mining. Players install the mobile application, and receive a map with the location of the nearest coins. If you approach a coin, a sight appears and the coin can be caught by the camera. First, the player must find a coin on the map and come to it as close as possible. Usually there are not so many coins, as shown in the screenshot above, and sometimes it is not so easy to approach a coin. However, after analyzing actions of players, we see that difficulties in finding tokens stop nobody, and if the player started to look for them, he/she becomes addicted and collects, collects and collects... Players spend time, walk or travel long distances to catch a token. It seems that the time, efforts, and, perhaps, money spent for transportation should be compensated by the pleasure of the game and the value of the prize. Let's turn to the average data that we collected in the course of several promotion events. The table shows the average data for three different promotion events with different types of prizes offered. The first two ones were held in the city of Kazan. The average distance traveled to find one token in the city is about 2 kilometers, and it took 16 minutes for searching. The third line in the table is the event held at the premises of Innopolis, where conference "Block Chain - New Oil of Russia" took place. The room was rather big, in addition, some tokens were scattered across the adjoining territory. The distance traveled was much less as compared to the city, but the time to find a token was almost the same. Let's express player's costs as a sum of time and distance at some reasonable coefficients. For the purposes of calculation we assumed that 1 hour of player's "mining" costs 5.5 USD, and 1 kilometer passed costs 0.17 USD. The figures are based on general considerations about the cost of public transport, gasoline and the price of Uber taxi. We got the following table: The figures do not differ much, although it is clear that it is more profitable to "mine" in a room. Mining on the go Although conditional costs of a "miner" per token stated above are based on the data from different promotion events, they are quite similar. Costs of players to find a token justify its value. In fact, the rate of Bitcoin and Ethereum was initially determined solely by the cost of mining, since there were no other exchange or settlement transactions by which it could be determined. While no goods in a store could be bought for the cryptocurrency, its cost was equal to the cost of electricity spent for its generation. "Sly" block chains increase the complexity of mining, and the rate of bitcoin "to electricity" is gradually growing. Well, you know what happens next - when the currency becomes payable in stores, speculators start to influence the exchange rate much more than the cost of electricity. The same situation is with IZX token, which players are looking for - initially it was evaluated according to the same principle based on mining costs. Conditionally, now it "costs" 1.47 USD. If you put aside the factor of pleasure from the game, then it is as profitable to buy it for this amount as "to mine it on the go". Advertisers who place their promotion campaigns on IZX tokens and get new customers determine the second factor for the growth of the token value. The audience of players is growing, and advertisers are competing for the opportunity to use IZX token to attract customers. The demand factor will determine the growth of the token rate in the future, similarly to other cryptocurrencies. Proof of Walk IZX tokens are not just collected by players, they are properly "mined". Since advertisers pay for scattered tokens and get new customers and buyers, they determine which customers they need. The fact that it was jokingly called "Proof of Walk" is a proof based on the player's actions that the advertiser values him/her and, therefore, he/she can compete in the game for the right to pick up his/her token. Although it has nothing to do with the development of blocks in the block chain, but it is quite applicable to the principle of justification of trust in "Proof of Walk". First of all, it is the advertiser's trust in the quality of the audience, and even personally in the player. Let's remember the main conclusions that we made above by analyzing traditional mining "Proof of Work": You can trust in something, on which resources were spent and Money compensation for mining allows to trust in the block chain In the case with Proof of Walk, both principles are fulfilled between people in the society but not between computers connected to the network. What are advantages of mining? There is no applied advantage in burning electricity and considering hash useless. Therefore, all new projects of block chain platforms try to get away from this model in favor of less resource-intensive ones, such as Proof of Stake (POS). The principle of POS is that the proof of your rightness is the size of your wallet multiplied by the time of its possession. This approach, in my opinion, may imply problems. POS equates resources to its own internal cryptocurrency when building its proof, like Munchausen, who pulls himself out of the swamp by the hair. Time will show whether this will cause real problems for POS, so far the only model that has been proved in practice is Proof of Work. The society should spend additional resources for proving trust, and this is the main benefit of mining. Perhaps, in the future mining will not be as useless as traditional Proof of Work, but it will. A recent example of useful mining is Storj project, where you can earn currencies by providing your own disk space for storing third-party data. Another example is Golos project, in which the currency is earned by writing interesting articles. We are sure that future belongs to the symbiosis of mining with some useful activity, and it is this characteristic that will confirm the value of the cryptocurrency. Web: https://izx.io/ Facebook: https://business.facebook.com/izetex/?business_id=110276139659647 VK: https://vk.com/izetex Twitter: https://mobile.twitter.com/izx_io Telegram: https://t.me/izetexchat Steemit: https://steemit.com/@izetex Golos: https://golos.io/@izetex
  6. https://www.financemagnates.com/thought-leadership/micromoney-taking-steps-combat-financial-exclusion/
  7. Micro Money Presentation meet-up Date and time: 10/28/2017, 19:00-22: 00 Location: COEX, conference hall №300 513, Yeongdong-daero, Gangnam-gu, Seoul 06164, Republic of Korea https://www.coexcenter.com/ Registration: tel: 010-4911-5806, e-mail: dori6218@naver.com ONLY 110 SEATS AVAILABLE !
  8. MicroMoney Raises 5 Millions with Token PRE-Distribution Event MicroMoney Intl, the headliner of the social movement for financial inclusion of “the unbanked” around the globe, has attracted $5 millions during its AMM token pre-distribution, with just hours remaining before the distribution campaign start on MicroMoney.io. In total, MicroMoney reports $5,000,000 of contributions during the initial phase. The pre-distribution campaign had a minimum swap threshold valued at $10,000 and a soft cap of swaps valued at $2 million. “Now we are aiming for the soft target of $15 million in swaps and a $30 million hard cap during our token distribution. The activity of investors has exceeded our expectations, which is built upon reliance on MicroMoney’s social mission — to help eliminate poverty through the blockchain technology,” said Anton Dzyatkovsky, MicroMoney co-founder. “Millions of the undiscovered unbanked population in Southeast Asia and around the world are hoping to get a chance — maybe the only chance — through our transparent social and green microfinance program.” MicroMoney’s goal is to change the “catch-22” reality for the unbanked, when billions of people cannot receive loans without having a bank account, credit history or financial records. MicroMoney is a thriving business in Myanmar, Cambodia, Thailand, Indonesia, and Sri Lanka totaling 100,000 registered users and 40,000 loans so far this year. Dubbed as the first Blockchain Credit Bureau, it creates credit profiles using loan applicants’ mobile phone data and proprietary blockchain-based Decentralised A.I. Neural Network Scoring System. Once approved, loans go to borrowers’ e-wallet for disbursement. Valued at $1.85 million, MicroMoney provides social lending services with no collateral or paper-based documention. MicroMoney plans to use attracted funds to expand to Vietnam, Malaysia, Singapore and Nigeria and include over a million of previously unbanked customers into the global financial system. More Info: https://goo.gl/pC5jtx
  9. MicroMoney Raises 5 Millions with Token Distribution Event MicroMoney Intl, the headliner of the social movement for financial inclusion of “the unbanked” around the globe, has attracted $5 millions during its AMM token pre-distribution, with just hours remaining before the distribution campaign start on MicroMoney.io. In total, MicroMoney reports $5,000,000 of contributions during the initial phase. The pre-distribution campaign had a minimum swap threshold valued at $10,000 and a soft cap of swaps valued at $2 million. “Now we are aiming for the soft target of $15 million in swaps and a $30 million hard cap during our token distribution. The activity of investors has exceeded our expectations, which is built upon reliance on MicroMoney’s social mission — to help eliminate poverty through the blockchain technology,” said Anton Dzyatkovsky, MicroMoney co-founder. “Millions of the undiscovered unbanked population in Southeast Asia and around the world are hoping to get a chance — maybe the only chance — through our transparent social and green microfinance program.” MicroMoney’s goal is to change the “catch-22” reality for the unbanked, when billions of people cannot receive loans without having a bank account, credit history or financial records. MicroMoney is a thriving business in Myanmar, Cambodia, Thailand, Indonesia, and Sri Lanka totaling 100,000 registered users and 40,000 loans so far this year. Dubbed as the first Blockchain Credit Bureau, it creates credit profiles using loan applicants’ mobile phone data and proprietary blockchain-based Decentralised A.I. Neural Network Scoring System. Once approved, loans go to borrowers’ e-wallet for disbursement. Valued at $1.85 million, MicroMoney provides social lending services with no collateral or paper-based documention. MicroMoney plans to use attracted funds to expand to Vietnam, Malaysia, Singapore and Nigeria and include over a million of previously unbanked customers into the global financial system. More Info: https://goo.gl/pC5jtx
  10. You can meet Anton Dzyatkovsky, co-founder of MicroMoney here https://monacogrowthforums.com/ next 3 days. More information about the project you will find folowing the link : https://goo.gl/pC5jtx
  11. Why did I contribute my money to MicroMoney? For the first time in my life, I acted not randomly contributing to one of the many modern token distribution campaigns. The information received in time helped me to take a decision. You can take it as Insight or as Inside – it doesn’t matter a lot! =) About MicroMoney token campaign I learned about it through the friend’s message so I decided to look into the details. Actually, I had to spend a decent time to examine many documents. So detailed business plans and reports I didn’t meet for a long time. As it turned out - that the company exists and successfully runs its scrupulous business for several years. It’s widely expanding the business of social lending services in five countries - Thailand, Cambodia, Sri-Lanka, Indonesia, and Myanmar. You know, it all started with the ideas. Everyone aware that the basic problem of credit has two sides. For those who borrow - the interest rate of a credit and the complexity of the application and its approval. For those who lend – the returns percentage of all given credits. Have we all heard about the credit bubbles? As it turned out, MicroMoney has been able to find a solution! Using smart and complex AI algorithms of a customer’s creditworthiness assessment, they achieved an incredibly high percentage of returns. It allowed the company to run and expand its business and to receive a profit successfully. The first questions that I arose with: Who they are? What is their experience? The project is the mature Asian business, the founders of which are professionals in their countries in banking and IT sectors. In the year 2015, to create a platform, this company drew more than 1 500 000 USD from the major investors. The investments created and successfully started a working system. The company is already having the finished and working products – a sophisticated scoring system and a Big Data platform with client’s database available for banks and other businesses to reach a new audience in emerging markets quite cheap, which believed and attracted a bunch of serious investors. Using of MicroMoney system is simple. There is the mobile application that allows you to apply for a loan through the smartphone with no paper-based document, collaterals or persons to vouch for you. And no office visiting, of course – just quickly and conveniently wherever you are. Moreover, to get the requested and approved money fast. After you allow the access to your personal data from the application, AI algorithm analyses gigabytes of data available from your smartphone almost instantly. These are, for example, your social accounts, all your posts and likes, searches, applications downloaded, even the music you play more often on your phone. All this data get the certain score increasing or decreasing your creditworthiness. On this basis, a decision would be taken on your capacity to pay and the credit issued in just several minutes. Easy as 1 – 2 – 3 =) Loan money can be sent to your bank account (if there is one), or to your mobile phone account (it is always you have), or to your crypto-wallet, as well as in other ways, up for cash money from the authorized partners. At present, the company works in several densely populated countries of Southeast Asia and plans further expansion in the coming months (such giants will join as Philippines, Nigeria, and China). On the calculations, the potential audience in the world is huge - over 2 billion of unbanked people (those who still do not use the loans and, actually, have no access to other financial services as well). They all will be able to begin and to create an initial credit history using the MicroMoney platform. To speed up the world implementation the company needed its own tokens. This will involve not only conventional financial structures but also ordinary users of crypto-currencies. In addition, the token will get a number of useful functions for all the parties of the loan processing: the opportunity to invest in the lucrative business, sell and buy the Big Data information or credit histories. The banks control the people and the state control of banks. Thus, through the banks of the state control over the people. However, what if a person has no bank accounts or credit history? There are so many migrants and persons deprived of the banking services. MicroMoney offers its money for all! The token distribution campaign starts on 18th October 2017. More Info: https://goo.gl/pC5jtx
  12. Blockchain company will provide one million people in Asia with their first loans By 2020, about 1 million people in Asia will receive their very first loans ever. Crypto economy is the tool that will help them to merge into financial markets and to apply for approximately 3 million payday loans annually. MicroMoney, a global blockchain company and lending services provider, aims to support this process allowing people with no credit rating score to enter Asian banks with positive credit histories. MicroMoney’s co-founder, Anton Dziatkovsky, is going to form a market for the credit histories creation from scratch and their further support in emerging markets. Now his company works as a microfinance business helping the unbanked and underbanked people to provide their primary needs with payday loans. On the other hand, MicroMoney helps banks and other financial organizations to access new markets in the Southeast Asia and other emerging regions with lower risks providing them with a database of reliable borrowers in each region with all the segmentation by an audience, risk level and costs related to each segment. MicroMoney’s platform uses Big Data methods, all the data is keeping with the help of blockchain technology, and the unique scoring model based on information received from client’s mobile phone with the special application designed by the company. The process looks quite simple for a lender: the Big Data platform drives all the data received from the phone through neural networks, analyzes the result, and evaluate a customer’s trustworthiness. Clear and full information about a person based on the analysis of a customer’s data available from all the mobile sources and includes career information, interests, social networks accounts (confirming that this particular person is real), travel notes, family status, penalties received and so on. According to Anton Dziatkovskii, this content sounds more truthful and allows predicting a customer’s behavior to avoid excessive risks. The company chose the mobile phone because of a high level of smartphones’ penetration, even in countries with a low level of banking services distribution. For example, in Africa, 80% of the population does not have a bank account but 63 of 100 people use mobile phones. Secondly, this is a higher popularity of smartphones above laptops and computers. Finally, it’s practically equal capabilities of smartphones’ and PCs processors and features along with significant progress in financial services mobilization, cloud services, and Big Data systems to analyze all these data. “95% of our clients take their first loan ever, — Anton Dziatkovsky says. — Usually, they get stuck in a kind of endless circle: if they need a credit, they need a credit history, and to get a credit score and the history they need a credit. Meanwhile, banks are keeping a focus on medium and large enterprises lending in emerging markets. Microfinance companies embrace the others but the process of loan applications approval in Asia is extremely complicated and long due to the lack of automation. The common practice there is to keep all the data in Excel or even in paper ledgers. For the loan application, a person needs a collateral (in Cambodia and Myanmar, for example, it can be real or land property) and a lot of papers such as references from police, municipality, property owner, income statement, a letter from job manager etc. A person may find four or six friends and band them to achieve a group loan. In Indonesia, Cambodia, Myanmar, and Sri Lanka, for example, the process may last from 1 week to 2-3 months. MicroMoney approve or decline a loan application within 15 minutes without any collaterals or documents required. The first loan will be small — about $23 usually but after 5-10 loans, a borrower can rise up to $200-300”. In turn, banks, credit, and insurance companies have to spend up to 15% of the budget for the customers’ verification and purchase credit histories from credit bureaus in order to explore their risks and loan percentage to establish for each audience segment. According to statistics, banks make 2-3 requests per one person per year with the price of inquiry $1-10 average. MicroMoney plans to give all these financial organizations an access to its list of the most reliable borrowers from each region with positive credit score rates. The market seems to be very perspective: 39% of the world’s population doesn’t have a bank account. According to the McKinsey, the most affected regions are Africa, Latin America, and the Middle East (about 65-80% of the adult population are unbanked). MicroMoney now employs about 200 people in Cambodia, Myanmar, Singapore, Sri-Lanks, and Thailand to service its microfinance business and some software developers, marketing, and PR managers, copywriters from the United Kingdom, Israel, and Russia to promote the company. In Asia, the project works with local partners. The first partner is the adviser to the Prime Minister of Cambodia for Economic Affairs, and CEO of one of the largest development companies in the country Sonatra Group, Okna Sorn Sokna. The second is the East Wing ASA Capital venture fund with about $100 million of capital and its member, the head of Sonatra’s affiliate companies — Mr. Tetsuji Nagata. They both are not only the stakeholders and top-managers of MicroMoney but also enthusiastic advisors for the company’s token distribution campaign that will start this October. Anton Dziatkovsky is sure to win the game and promises that the company’s tokens will grow constantly supported by the growth in the company’s microfinance business and payday loans approved, along with Big Data platform high demand from banks waiting for an entrance to emerging markets. “We will do our best to raise the price of our tokens up to +1000% for the first year due to our launch in five new markets by the end of 2017”. MicroMoney plans to issue about 600 thousand payday loans per year and, thus, involve 1 million of unbanked people into crypto-economy by 2020. “Now about two and a half billion people worldwide are unserved and don’t have any access to bank services. Our goal is to connect banks and unbanked”, — notes Anton.
  13. Who owns the technology, owns the world The phrase “He who owns the information, he owns the world” became famous thanks to the desire of the Rothschilds to be the first to know the news. Winston Churchill loved to repeat the same phrase. But all the great men said the phrase knew that information is only precious if you know how to use it further. Our world thirsts for information. Just a couple years ago the worldwide market went crazy about Big Data and possibilities they might open but dreams became phantoms – no one knew how to work with all the collected information. Now the situation is totally different. There are a lot of tools to analyze the raw data and to turn them into the useful statistics and accurate forecasts now on the market. Companies can use this information to enhance their services, to automate processes, to gain insights into their target market and to improve the overall performance using the feedback they get. For example, the online retail giant Amazon has access to a massive amount of data about its customers, what kind of purchases they make and what are they searching for. While this data is obviously put to advertising algorithms, Amazon also uses the information to improve customer relations, the area that many Big Data users overlook. General Electric uses the data from sensors on machinery like gas turbines and jet engines to identify ways to improve working processes and reliability. Starbucks uses Big Data to determine the potential success of each new location. One more innovative and promising tool to transform the data from raw to useful is neural networks. Even though they have been established as the well-known method in business, there is enormous space for additional research, and here is the case to show it. In the Southeast Asia, the fintech company MicroMoney uses the neural networks and Big Data tools in its own scoring system for a rapid creditworthiness assessment of a client with no credit history. Instead of papers, certificates, and cross checking scoring system analyzing personal data from a borrower’s smartphone. All that's needed is to install the MicroMoney application, sign the agreement to use the personal data and to complete the loan application online. Then the scoring system analyzes all the available data, sets a credit rate and identifies potential credit risks with an accuracy of more than 95%. In case a customer reaches the certain credit score points the system approves the loan automatically and sends the money to a user’s e-wallet. Scoring system constantly reviewing data within its increasing database. The more data processing, the faster and more accurate is the result of customer’s creditworthiness evaluation. In future self-learning algorithms can provide people with all kind of services even before they think about it. For example, a man announces in his social account that his wife is pregnant. This man is known as a reliable client of the MicroMoney, he has a high credit rating. The scoring systems catch this fact, correlate this information with his recent searches for houses to rent in search engines, evaluate his credit rate and he receives a special offer of mortgage for house buyers, with all interests and payments specified due to his monthly income. Or, let’s say, a girl is graduating with a bachelor’s degree with her marks higher than average score and searches for other universities to continue her education. The systems are able to analyze her bank account, to find that she has not enough money to enroll and offer her a student loan. There is no doubt that these technologies can change not only banking industry but the way people consume, spend and save their money. We already face all benefits of targeting advertising but it is only beginning of the integration of smart technologies in our everyday life.
  14. Mobile phones and the Internet are changing the banking The emerging markets have outpaced the mature one’s development significantly, experts say. Let’s check out two of the major trends. Smartphones golden age The first trend implies that emerging market buyers are shifting from PC, laptops, and tablets with a high penetration in mature countries right towards a new generation technologies. That means that smartphones there have been adopted not only before PCs but instead of them. Due to continuous smartphone penetration on the market, the growth in a number of mobile phones in emerging markets is proceeding exponentially. According to GSMA Intelligence, for instance, it stands for 76% in Taiwan and for 70% in Myanmar. The reason is that smartphones in Asia have recently become rather affordable and its cost varies just from $30 to $50. Moreover, the capabilities of smartphones processors are on par with PCs’ processors, and the features sometimes wider — photo shooting, for example. Contrary to all the rules The second trend covers rising of the Internet penetration even among people with very low income. The emerging markets show interesting statistics: usually, they have a high percentage of the unbanked and underbanked population and, at the same time, the high level of penetration of the Internet and mobile services. For example, Asian region overall is expected to become the world’s fastest-growing Internet region by 2020. While Internet industry is flourishing, only 27% of the South East Asian population have a bank account. In 2017, China has 731 million internet users and 53,1 %t of them are online. The country demonstrates a fast development pace but still has 21% of unbanked. In Myanmar, the Internet traffic growth is 58% and, at the same time, Myanmar has one of the lowest banking penetration rates in Asia, with over 70% of adults (aged 15+ years) unbanked. Traditional banks and alternative fintech projects battle What is more surprising, these trends have the strong impact on the totally different industries, for example, on the financial markets. Emerging market consumers, in the same way, skip traditional banking services and move to online wallets, payday loans cards, P2P credits and to online applications for loans that can be taken via smartphones! That happened since people found it is much easier and faster to do it by phones, however, this fact formed a new trend in financial services. As mobile and Internet services do not need paper documentation, therefore, neither financial services nor their customers need such traditional creditworthiness proofs as papers, credit histories, collaterals, persons to vouch and so on. All the traditional banks’ requirements make sense as they are just trying to de-risk their businesses, especially for the emerging markets banks. In Kenya, for example, M-Pesa financial service lets customers store, transfer and send money via simple text messages. Usage of WeChat Pay and Alipay apps is approximately 7 times greater than average of top five conventional banking apps in China! However, at the same time, alternative mobile services market is growing rapidly making all the classic rules senseless because the fintech projects found the way not only to accept applications online from mobile devices but to assess their customers online too. For instance, the blockchain company MicroMoney has developed the mobile scoring system based on neural networks technologies that allow estimating of customer's creditworthiness remotely just having an access to a customer’s smartphone data. So its clients don’t have to collect a pile of papers, to provide a collateral and a one to vouch, or to wait for the bank approval. No struggle to prove that they are reliable credit customers or wasting the time if they had no credit history before (because for a bank it means the obvious rejection). MicroMoney’s mobile scoring system after getting the access to mobile data explores around 12 000 different parameters of data stored on a phone (SMS, contacts, social accounts data, searches and purchases, and even a music a user likes) within just several minutes and approves (or disapproves) a loan. In case it approved, MicroMoney immediately sends money right to a client’s e-wallet. With the trends we mentioned before, it’s obvious that the banking industry will not stay the same anymore. Moreover, these changes give the banks the key to the audience untapped before — to the unbanked and underbanked people in emerging markets and worldwide.
  15. Data are NOT the new oil But a mobile phone is a key to the new data economy Data is the oil of the digital era. You are a little bit tired to read the hundredth time, aren’t you? We are going to declare a mobile phone data shaping the new landscape of the world instead. It seems that nothing can stop fast-growing digital corporations such as Amazon, Apple, Facebook, or Alphabet, which are accumulatively earned over $25 billion in net profit in the first quarter of 2017. Every company from these five is collecting and controlling enormous database. Taking into account that nearly 80 percent of social media time now spent on mobile devices and the mobile access aspire to reach the same amount of other online pages, we can name all these gathered data the mobile phone data actually. The next step on the way of data economy’s development after gathering a huge amount of data is consumer services reinventing. Yes, that’s right, all the data analyzed have the one and the main goal - to enhance companies’ services. An innovative approach to the data usage by Uber, Airbnb, Spotify, Foursquare, and many others changes the way of listening to the music, traveling, purchasing, and retailing. And the banking, of course. “How much” doesn’t matter Every single device in the world can be a valuable source of data. The question is HOW will you analyze all those gigabytes and what decision will be made be based on this analysis. Hard work of analyzing is taken by AI, artificial intelligence, extracting more value from the raw data with such techniques as machine learning and Big Data tools. Algorithms, for example, analyzing lots of running traces, helping sporting goods store or health foods company locate their stores in districts where the number of runners is the highest. Whether a client started watching cartoons and purchased pregnancy test or canceled Netflix subscription and bought a canoe, algorithms can predict his or her further behavior. What for? To offer this client a better service, of course, and, as a result, to reduce the risk to lose the customer. Analysis is the way to new opportunities MicroMoney, the global fintech company, developed its own way in neural networks and self-learning algorithms using. The company created an app for the instant loan application approval so it doesn’t need any papers, documents or collaterals, or even a borrower in its office. A customer should just download the app on a smartphone, to agree to process personal data and let the scoring system do all the work. In several minutes the system will evaluate about 12 000 parameters available from this mobile phone - from contacts to music saved, from social accounts to Google searches and will take the automatic decision about the client’s creditworthiness, and will give a status of loan approval then. This is when your data are working for you. Scoring system based on neural networks can predict with high probability if you can be trusted depending on every single action you did with your mobile phone. And if the answer is “yes”, then you can plan a significant purchase or have the MicroMoney’s credit support for on urgent cases. Whenever you need money, you can complete a loan application and get a money within some minutes. Data economy for companies and for people We are witnessing the new digital world is taking shape. None can be blindsided for the new fields of knowledge, where the tech industry is the path breaker. The companies should consider new approaches. Mutual sharing data with other businesses might give both sides a financial extension. For example, MicroMoney can give banks the access to the completely new audience — to unbanked people around the world. The company can share the database of reliable borrowers not only for lending organizations but for insurance, service and retail businesses because these exact people are ready to purchase services for their lives improving and have all the means to pay for them. Mobile phone data are the world’s new oil, let’s use them wisely and collaboratively. Your reputation hides within your mobile phone A mobile phone is your friend, business assistant, a way to connect your dear ones, and even a boss sometimes if you set the alarm on. However, what if your phone can be a reputation tool able to give you an access to the services never available for you before? MicroMoney, a global fintech blockchain company and lending services provider, has found a way to turn a mobile phone into a tool to build and prove your reputation that can make a revolution in the lending and many other industries. They designed a new scoring system based on all data received from a mobile phone and analyzed by machine learning and artificial intelligence tools. Therefore, the company does not need any paper documents from its borrowers and no collaterals, by the way. A customer should just complete an application form within a special mobile application. By ticking a certain box in the app client agrees to process and assess all the data from his or her mobile phone. The system approves a loan and sends the money to a borrower’s e-wallet. That seems to be much easier and simpler way to get a loan, isn’t it? However, behind the scenes are some sophisticated technologies making all the work done. One of them is neural networks technology. When the agreement received, the system gets all data from all the sources available from a mobile phone: contacts, messages from banks, all the information from the user’s social accounts and even games and apps downloaded and the music playing often. Almost everything. The system compiles all these components and processes them through neural networks and Big Data tools, assigning each piece of data some points of a credit score, drawing an individual picture of a person applying for a loan. Has a job? High points. Has the same job in the online application form completed and in your Facebook account? Higher points! Listening to hip-hop? Fewer points (sorry, hip-hop fans). Completes the form very slowly, doubting what to write in each field? Very low points. Then the system counts all the points achieved altogether. If the score reaches the certain rate set by the company, the system approves the loan automatically and sends the money out. There is no way to cheat the system. For example, if a client gives false information about age, occupation or loan purpose, the system will check all customer’s accounts to compare the data given and in case they are different a client will get a lower score or even a signal for the AI to reject the application immediately. With the ability of the company’s system to capture data, the company can be secured and work conscientiously with responsible borrowers, who get benefits from using this application. And this way obviously makes it convenient for both. It’s time to think about a new role for your mobile phone and start to respect it as a key to your reputation asset!