ZwoopZwoop ZWP STO news

Zwoop combines blockchain, AI and advanced machine learning to remove the frustrations, inefficiencies and unfairness of e-commerce, saving shoppers time and money and giving them complete control of their personal data.
Status
Upcoming
Raised
Soft cap
Hard cap

World latest news

Zwoop Blockchain Company Suspends its Initial Coin Offering (ICO) Due to Legal Opinion Notice

The cryptocurrency startup Zwoop, that was backed by the billionaire investor Robert Friedland, has gone into administration. The information was released in a recent report by The Telegraph on January 11. Apparently, the company has filed for administration at the end of November 2018 and employees and suppliers from all over the world have been left with unpaid wages. As The Next Web explains, the company owes a London-based marketing agency £42,000 and a public relations firm £30,000. Alessandro Gadotti is the founder of Zwoop that aimed at using artificial intelligence and other technologies to gather information from e-commerce sites and find the best possible prices for products. Zwoop received $13 million from Robert Friedland, the founder of Ivanhoe Capital Corporation and Ivanhoe Mines. According to The Next Web, the company wanted to raise $30 million through a token sale. The report says that when they’ve delayed the ICO, Gadotti quit the company and an employee found $2 million worth of payments that were not able to be accounted for. The company was also employing 56 people in London, Singapore and Hong Kong. Gadotti said that they did not misuse the funds that the company received and that the $2 million dollars could have been used to help the company grow. The Initial Coin Offering was announced back in August to take place in Septemeber. However, the ICO was suspended a few days before the official sale. Important Pre-Sale Update: Zwoop's ICO is currently suspended until further notice due to updated legal opinion. Find out more here: https://t.co/lpIFlRHdhf or ask any questions on our Telegram channel: https://t.co/0YmS3Iyd8k #ICO #announcement #presale pic.twitter.com/sNMF79XcLJ — Zwoop (@ZwoopGlobal) September 18, 2018 As per The Next Web, employees and freelancers working on the compan y were concerned about the slow pace of development of Zwoop and its application. However, Gadotti was convinced that the app was going to be released soon. Zwoop employees and Ivanhoe Capital confronted Gadotti shortly after this situation. As mentioned before, Gadotti explained that the company was making legitimate payments. During 2017 and 2018, several ICOs were launched. However, some of them were simply scams or fraudulent companies that wanted to steal investors’ funds. This is why regulatory agencies around the world started to play a more active role in regulating the crypto and blockchain market. Clearly, this is not the first time that an ICO fails and closes its doors as Zwoop did.
Bitcoin Exchange Guide

After Cancelling ICO, Crypto Startup Zwoop Filed for Administration: Report

After Cancelling ICO, Crypto Startup Zwoop Filed for Administration: Report The board of directors of cryptocurrency and e-commerce startup Zwoop reportedly filed for administration at the end of November last year. The news was revealed in an exclusive article by major United Kingdom-based newspaper The Telegraph, Jan. 11. According to anonymous sources cited in a […] Cet article After Cancelling ICO, Crypto Startup Zwoop Filed for Administration: Report est apparu en premier sur Bitcoin Central.
Bitcoin Central

Zwoop (ZWP Token) Set to Launch Blockchain AI Shopping Engine ICO

Dates For Zwoop’s ICO Finally Announced For September 2018 Zwoop is a platform that uses both AI and blockchain technology to help consumers shop online with cryptocurrency. Though the dates for their initial coin offering (ICO) have been pending for quite some time, the company has finally announced that the pre-sale will begin on August 28th this year. The pre-sale will run until the start of the ICO, which will be on September 25th, 2018. The platform hopes to raise a total of $20 million as investors receive ZWP tokens in exchange. These tokens can be used on their platform for purchases on their online marketplace. The goal of the company is to utilize both AI and blockchain technology to eliminate the need to rely on multiple websites and online shopping areas to find the best price. By finding everything in one website, and being able to purchase from it as well, users save both time and money. They also preserve the amount of personal data that they release, since they only have to register on one site instead of the websites of multiple stores. The Zwoop Experience With the Zwoop platform, every user is able to search for a product amongst any retailer in the world. They have access to the availability of the particular product, along with the best price. The user can purchase directly on the website without deferring to the separate retailer. The AI technology helps the platform to find similar products within the same search term, even if the name is not exactly the same. Zwoop’s Development Zwoop originated in April 2016 as the result of five founding partners’ work in technology. The learning technology that AI provides has been the result of over a year of work, spending 130,000 hours of coding with over 40 software engineers. The platform had a Testnet in the UK, though the public will have access during the ICO next month. One innovation that sets this platform apart is that users will be able to pay with cryptocurrency for any transaction, even if the company does not accept digital assets. This part of the program is planned for launch in the fourth quarter of the year, though the United States will need to wait until 2019, which is when additional services will be added. ZWP Token The ZWP token works under the guidelines of ERC20, and it can be used both inside and outside of their platform. Users will get these tokens as loyalty rewards, though the two sales also make them available for purchase. The tokens are then used as payment for any e-commerce purchase. Users can also buy and sell them in a C2C capacity. Other parties involved can also use the token. Miners will be rewarded with a certain allotment of ZWP tokens, while merchants and other companies can use the tokens for Zwoop-based services. Final Words From Zwoop’s CEO Alessandro Gadotti has been the CEO of Zwoop since he created it. In a statement about the upcoming sales and launch of the platform, he said, “Developments in e-commerce over the past decade have favored the merchant, rather than the consumer. At Zwoop, our philosophy is different – we are on the consumers’ side. We are their transparent and honest personal shopping assistant, and we provide unbiased search results, simple one-click checkouts, and total control over their payment and personal data. Handing back control of personal data to consumers, rather than corporates, is at the heart of Zwoop’s philosophy; whilst others are reluctantly responding to regulatory changes, we passionately believe that personal data belongs to the individual. “financial rewards” are provided to their customers, and they will have “complete access to products and simplicity in any aspect of the purchase.” The company wants to expand to become a mass market blockchain and cryptocurrency solution.  They plan to eliminate the complex nature of crypto transactions, and potentially stopping investors “from adopting blockchain technology.”
Bitcoin Exchange Guide
More news sources

Trending

Hot world news

Tron Based ‘Stable Coin’ to Start Trading At Huobi and Okex Exchange

Okex and Huobi Global have added support for USD Tether pegged to the US Dollar built on Tron. Tron Foundation built the ‘stable coin’ collaboration with Tether. Currently, the two Exchanges support three stable coins markets USDT-Tron (TRC20), USDT-OMNI, USDT-ERC20 (Ethereum). The token will be launched on 30th April 2019 on the Okex and Huobi Global Exchanges. According to the press release by Okex: In order to meet users’ demand for stablecoin trading, OKEx will support USDT-TRON, the TRC-20 based USDT token co-developed by TRON and Tether, as well as the airdrop for USDT-TRON holders. …It has a TRON deposit address and uses the TRON network for depositing and withdrawal. Rewards for Early Adopters and Tron’s Growth The annual percentage return (APR) of the USDT-TRON token has been designed to give out rewards for its early adopters. The initial APR is 20% which will, however, reduce with time. Nevertheless, the program is supposed to roll out investments for a total of 100 days. The total amount of incentives will be $20 million. The incentives will be rewarded in USDT-TRON only. Justin Sun has implored the users of the Exchanges to adapt to swap from USDT-OMNI – USDT-TRON. #Hodl USDT-TRON to earn initial 20% APR in USDT-TRON. 100 day campaign. $20M initial budget no hard cap. Just sayin'. 😎 $TRX $BTT pic.twitter.com/jyo7QcrtbE — Justin Sun (@justinsuntron) March 21, 2019 The Stable coin will be available on major exchanges, and the reward programs are lucrative. Therefore, the number of transactions on the Tron Network would increase significantly. Tron has built a vibrant ecosystem for Dapps and issuing digital asset. The move will foster the growth of Tron. It will also help the exchanges take advantage of the transaction capabilities of Tron which is considerably cheaper than Ethereum currently. The returns proposed by ARP are highly lucrative. Will you swap your stable coins to earn the rewards?  The post Tron Based ‘Stable Coin’ to Start Trading At Huobi and Okex Exchange appeared first on Coingape.
CoinGape

Get EOS Airdrop Token Every Hour Is Now Possible on Infinito App Square with PRA CandyBox!

SINGAPORE, Mar 22, 2019 - (ACN Newswire) - Infinito Wallet's crucial partnership with global leading EOS block producers and block producer candidates comes along with valuable benefits for users. This March 13th, support for EOS DApps will officially be available on Infinito Wallet's newly launched App Square and the well-known EOS token distribution DApp - PRA CandyBox will be at Infinitors' service along with a great deal of airdrops everyday.Developed by ProChain based on the EOS main network, PRA CandyBox is the top 1 EOS DApp listed on DappRadar and the only airdrop-related dApp among the top 100 dApps as of 19 February 2019. With the join of this DApp, Infinito Wallet's users are now gifted with EOS candies everyday or even every hour. To be specific, the amount of EOS airdrops users can get daily varies in accordance with their account's level. To heighten level, wallet owners can deposit EPRA token - PRA CandyBox's proprietary token - into their account. This means the more EPRA token users deposit, the more EOS candies and the shorter duration for them. Level 1 accounts are those with less than 1,000 EPRAs, can repeatedly claim tokens every four hours. While top accounts like level 12 are rewarded with up to 12 airdrops every hour. Users can find this DApp inside Infinito App Square, displayed as "Browser" in the Universal Wallet. Convenience is one highlight of this EOS token distribution as PRA CandyBox keeps their airdrop "game" extremely simple. To receive candies, Infinito Wallet's users simply need to click on the airdrop project, input password and tap "confirm". That's it!*Please note that you must own an EOS account ...Full story available on Benzinga.com
Benzinga

Why Square’s Bitcoin Hiring Spree is Crucial for Crypto Adoption

Jack Dorsey, the CEO of Square, the $32.7 billion mobile payment giant based in the U.S., revealed that Square would fund three to four developers and a designer to work on the open-source protocol of Bitcoin and the crypto ecosystem. Independent of the core business strategies of Square, the team of developers and a designer will work to contribute to the cryptocurrency ecosystem in a variety of ways, potentially by contributing to the open-source codebase of the Bitcoin network. #BitcoinTwitter and #CryptoTwitter! Square is hiring 3-4 crypto engineers and 1 designer to work full-time on open source contributions to the The post Why Square’s Bitcoin Hiring Spree is Crucial for Crypto Adoption appeared first on CCN
CCN

Square is Hiring: You Can Be Paid in Bitcoin if You Want

Twitter and Square founder Jack Dorsey has always been bullish in his Bitcoin views. So it’s no surprise that his payments startup Square is now offering new employees the chance to be paid in Bitcoin. According to tweets from the CEO, the company is on the hunt for skilled labor to add to the team. Square Bitcoin Payments If Dorsey’s tweets are anything to go by, then the company is hiring engineers and a designer to “work full-time on open source contributions to the bitcoin/crypto ecosystem.”  The Square cash app already supports Bitcoin purchases ... ﾿ Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
Crypto Currency News
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.