FOMO Daily, 17th October 2018

Oct 17, 2018 · 7m 3s
FOMO Daily, 17th October 2018
Description

This morning, we cover a few stories which have been flying under the radar. Line has long been rumored to launch its own token, and yesterday trading against Bitcoin and...

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This morning, we cover a few stories which have been flying under the radar.

Line has long been rumored to launch its own token, and yesterday trading against Bitcoin and Ether went live on Bitbox. I'd argue this is a bigger deal than you might think. Line's mid-term plan is to build a decentralized app ecosystem around the Line token, and this would be very interesting as we all know how much distributed apps struggle to gain traction. Line can change this situation very quickly.

BitPay, the largest crypto payment provider announced yesterday that they are now supporting settlements in two more currencies: Circle's USDC and the Gemini Dollar. It's a pretty big deal, because merchants accepting crypto now can receive the funds in a regulated stablecoin, taking volatility out of the equation.

Finally, let's talk about Decred. Yesterday, a protocol called Politeia went live, launching one of the most exciting experiments in crypto. Decred is trying something that very few projects have ever tried: true blockchain governance. This means that the decisions are made by token holders, voting on proposals with their stakes. This is a very controversial thing, and we explain why.
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Author FOMO Consulting
Organization FOMO Consulting
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