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ETC Labs Hosts First Startup Incubator Pilot


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ETC Labs, leading ETC blockchain startup accelerator, is hosting its first startup incubator pilot program at its San Francisco office starting October 1, 2018. ETC Labs reviewed around 120 applications for the incubator, of which six high-potential startups were selected for the pilot program. They will also have the opportunity to pitch their ideas to a roomful of investors at ETC Labs’ launch event scheduled on October 25, 2018. Many other teams supporting ETC, including IOHK, ETCDEV, and ETC Coop will be present at the event.

The incubator plans to grow the ETC ecosystem by offering startups building on ETC access to shared office space, developer support, and funding to take their ideas to the next level, by making direct investments and connecting them to a network of collaborators, investors, and supporters.

Already a fortnight into the pilot and backed by innovative concepts and functionality on the blockchain, the startups show great potential in radically developing the ecosystem.

Button Wallet is a multi-cryptocurrency exchange wallet with the goal of providing a safe, user-friendly, and convenient option to store money on Telegram.

Vrex Lab is focused on bringing engaging, fun experiences through mobile VR/AR applications. The start-up claims that you can buy, sell, or breed one-of-a-kind characters that you can use in games, your YouTube channel, Instagram stories, and more!

AnyLog is a decentralized IoT platform that allows users to store IoT data in real time, without any support from a centralized authority.

GSC Platform aims to save cost and time in the purchasing processes, within the supply chain industry, by replacing standard purchase orders with smart contracts. The focus is on handling purchasing expenses through the blockchain to improve revenue and trade margins.

Scanta aims to bring in a new era of gaming technology by providing immersive experiences through augmented reality. The startup provides stunning augmented reality experiences through apps, opening the door to unlimited gaming possibilities.

Quarrio is creating a global ecosystem for decentralized information analysis. The startup has developed an artificial intelligence natural language interface for data assets where information can easily be retrieved by simply asking questions. Its conversational interface enables you to get information from Salesforce within a matter of seconds.

Elizabeth Kukka, Program Director of ETC Labs stated, “In the near future, we plan to support around 20 to 24 startups per year, and that’s mostly due to capacity and how many we can accommodate at any given time. We would probably look at supporting 10 to 12 startups at one time. Support will vary depending on each project’s needs.”

Of note, the pilot program will pave the way for the ETC Labs incubation program scheduled for the first quarter of 2019. ETC Labs’ unique approach to developing projects and harnessing the knowledge of industry leaders ensures that the project remains competitive in the market. The team is active across all social media channels, and you can follow them on Twitter, Reddit, and Telegram.

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Bitcoin Cash Price Gets Skewed due to Exchange Trickery

A lot of confusing action is taking place where the Bitcoin Cash price is concerned. Although its actual decline in value is quite obvious for everyone to see, the real price of BCH is not necessarily what people can see on Coinmarketcap. This is primarily because numerous exchanges treat BCHABC as Bitcoin Cash already despite nothing being decided in terms of which chain will be the longest. Bitcoin Cash Value Fluctuates Heavily Depending on where traders look at, the price of Bitcoin Cash will be either close to the $400 level or down to $250-ish. That is quite a large gap between prices, yet one that is also very easy to explain. Bitcoin Cash, as people knew it before the fork, no longer exists. Most professional exchanges have also retired this price ticker, for the time being. As the hash war rages on, there are still a lot of unknown factors waiting to be addressed. Despite this ongoing kerfuffle, there is a net 5.76% decrease in the Bitcoin Cash price, and a 5.4% decline over Bitcoin. More specifically, that is what CoinMarketCap reports at this time, although this is not necessarily the case whatsoever. In fact, some exchanges are clearly jumping the gun by labeling BCHABC as BCH and thus dragging the Bitcoin Cash price down a bit more. Exchanges currently engaging in this activity include Bittrex and Coinex, neither of which plays a big role of importance when it comes to trading. However, based on the current value of BCH on Bitfinex and Gate.io, it seems a similar incident is taking place. One also has to keep in mind Bitcoin Cash was getting battered ahead of the network split as well. Most exchanges have halted trading of BCH indefinitely, primarily because the currency no longer exists. It is evident either BCHABC or BCHSV will take over that name in the future, but nothing has been decided at this point. As such, any trading referring to just “Bitcoin Cash” or “BCH” should be avoided, as most users can never be sure which currency is effectively being traded under this name. All of this skews the picture pertaining to Bitcoin Cash altogether. Coinmarketcap reports there is still $392m in trading volume for BCH, even though that is virtually impossible right now. With so many exchanges freezing deposits and withdrawals, it is evident actual BCH trading is no longer possible whatsoever. Virtually all platforms have deposits of BCHSV and BCHABC frozen as well, which only makes this market trend more confusing. It is safe to say the entire network split has been a bit of a mess first and foremost. In the case of Bitcoin Cash itself, that name will – under the current circumstances- not be used across exchanges for much longer. Instead, the two separate camps need to be treated as such first and foremost. Until things settle down – with might not necessarily happen anytime soon – the Bitcoin Cash price itself is pretty much irrelevant for most traders and speculators. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Bitcoin Cash Price Gets Skewed due to Exchange Trickery appeared first on NullTX.

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