Blockchain Dating App Hicky launches ICO on Valentine’s Day

By February 14, 2018 Ripple
Click here to view original web page at www.coinspeaker.com

Hicky, the Blockchain Dating App, announces its Initial Coin Offering (ICO) on Valentine’s Day (February 14). When it comes to relationships, trust is the most important element. In online dating, one must trust that the uploaded information is not misused by the platform and that the information about others is true. With Hicky, all users are “real” as they require a form of biometric verification using voice recognition and face scan technology. This data is then encrypted and stored using in a decentralised database. This means that the uploaded information can only be accessed and shared by the user.

Due to Hicky’s user verification, women are more inclined to join the app as they can be sure that the person they are speaking to is not some sort of creep. Furthermore, the platform uses the Hicky token in order to align incentives between users and platform. When conflicts arise, the community will be engaged to solve these. Users are involved in conflict resolution will be paid in Hicky tokens, while users that have caused the conflict must pay. This ensures that all parties will behave well on the platform.

Both the verification mechanisms and the underlying token economy in Hicky prevent the creation of fake accounts or spam as the cost of these activities outweigh the potential benefits. This creates an overall more trusted and effective network in which the incentives of all parties involved are aligned. Hicky takes the best of both the physical and the digital world to create a superior dating experience.

Hicky has strong partners including NAGA Group AG, a German stock market listed company as well as a former Tinder executive in the advisory board. They will be releasing the first version of the app in the coming weeks.

“Online Dating is broken and we are on a mission to healing it. Hicky redefines online dating by merging online possibilities with offline realities – creating a platform that offers the best of both worlds”

– Kian Schreiber (hicky.io)

“The online dating experience is ruined by those who abuse the system, Hicky has the ability to remove the negative aspects of online dating.”

– Hermione Way (Advisor and former Executive at Tinder)


Photo: Grayscale / Twitter
Photo: Grayscale / Twitter

Grayscale Investments, the the sponsor of Bitcoin Investment Trust (GBTC), has launched a new investment vehicle, the Grayscale Digital Large Cap Fund LLC (the “Fund”).

According to Grayscale, the Fund “provides exposure to the top liquid digital assets, through a market cap-weighted portfolio.” It comprises such cryptocurrencies as bitcoin (BTC), ether (ETH), ripple (XRP), bitcoin cash (BCH) and litecoin (LTC).

Established in 2013 by Digital Currency Group, Grayscale is the investment community’s trusted authority on digital currency investing. Grayscale provides unparalleled market insight and investment exposure to the developing digital currency asset class. Grayscale Investments, LLC is the sponsor of the Bitcoin Investment Trust, the Ethereum Classic Investment Trust, the Zcash Investment Trust and the Digital Large Cap Fund.

In September 2017, NYSE Arca exchange withdrew a request with the U.S. Securities and Exchange Commission (SEC) to list shares of the Bitcoin Investment Trust.

Barry Silbert, CEO of Grayscale, said: “We’re excited to further expand the universe of Grayscale’s product offerings as interest in the digital currency asset class continues to grow.” He added: “As a trusted and experienced manager, Grayscale is committed to creating investment structures that are familiar to qualified investors and provide secure access to this emerging asset class.”

Grayscale believes that the shares represent a cost-effective and convenient investment relative to a direct investment in digital assets. The value of the Fund Components is determined at 4:00 p.m. New York time and based on TradeBlock’s Digital Asset Reference Rate. The primary objective of the Fund is to make shares reflect this value and provide a way to explore cryptocurrencies for investors.

“Investors are looking for broad market exposure to the digital currency asset class,” Michael Sonnenshein, Grayscale managing director, said. “This gives them the ability to make a singular investment that is going to give them exposure to approximately 70 percent of the market via this one vehicle.”

The Fund will be rebalanced quarterly, beginning on the first business day of January, April, July, and October of each year. Shares of the Fund are eligible to be held in certain IRA, Roth IRA, and other brokerage and investor accounts.

The Fund does not currently operate a redemption program, so there is no assurance that the value of the shares will approximate the value of the Fund Components held by the Fund and the shares may trade at a substantial premium over, or discount to, the value of the Fund Components, if traded on any secondary market in the future.

The Fund is not registered with the Securities and Exchange Commission and is not subject to disclosure and certain other requirements mandated by U.S. securities laws. As a result, the shares of each Vehicle are restricted and subject to significant limitations on resales and transfers.

For the first year, Digital Large Cap Fund will be solely available to SEC-accredited investors who have annual income of $200,000 or a net worth of over $1 million. They will be able to buy directly from Grayscale. Grayscale aims to list the fund’s shares publicly after one year, at which time the first buyers are able to sell their shares on the public market if they wish.

Leave a Reply