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The Token Fund Collects $1 Million in Digital Assets

The recently released Token Fund – which is a new approach of investing in digital assets without the risks linked to conventional trading in cryptocurrency – has just made an announcement: the collection of $1 million in funding.

Launched on March 24, the Token Fund attracted notable investors keen on diversifying their portfolios and spend their money on a wealth of digital assets with great potential. There’s no live digital currency ETF at the moment, meaning that with its coin traded fund (STF), the Token Fund can be the best alternative. Through its straightforward and crystal-clear process, avid investors are finally welcomed to invest in an economy that is decentralized; and they can do it safely without taking unnecessary risks.

The aim of the Token Fund is to target digital currencies with unbeatable potential, like Ethereum and Bitcoin. These two alone account for a large part of an investor’s portfolio. Nonetheless, it also focused on additional currencies: Steem, Ripple, Golem and Litecoin. To ensure that the volatility is kept to a minimum and a user’s portfolio is not at risk, the fund makes sure that the assets and associated percentage brought on by the digital currencies alter as the market evolves.

Digital currencies with an average turnover below $100,000 per day (in the past 6 months) are banned from the portfolio automatically.

As soon as a user signs up for the Token Fund, Ether or Bitcoin can immediately be added to their wallet. Then, they get a certain number of TKN tokens – the official crypto token of the platform – that can be used to move capital funds, including make withdrawals and deposits. When either Ether or Bitcoin are used to make transaction on the Token Fund platform, once the tokens are sent back to the wallet of the user, the “burning process” of the TKN begins, filling the user’s wallet with an associated value. Prices are calculated every day, at 12:00 GMT and 00:00 GMT.

Two contracts active on Ethereum run the Token Fund. The 1st contract is in charge of storing the balances that pertain to investors with a TKN contract, whereas the 2nd issues new tokens and exchanges them into the currency being invested in. Only a Token Fund contract guarantees users a viable TKN contract, which ensures new emission of tokens based on a ERC-20 token contract.

In the last 3 months alone, the TKN token value increased from $10 at the end of March, to an astounding $26 on May 19.

The graph mentioned here is constantly updated, and it clearly indicates the amazing growth of the TKN token, as well as the interest investors have in the fund. Specifically, following the launch of the fund, there’s been an increase of nearly 160% of the TKN token in US dollars.

Relatively new in the investment scenario of digital assets, the Token Fund has proven to have tremendous potential. It clearly shows that a decentralized economy is worth investing in. This gives all cryptocurrency enthusiasts a unique opportunity to diversify their investment portfolios.

About the company:

The Token Fund is one of today’s newest platforms for open-minded investors eager to diversify their portfolios by investing in a decentralised economy.

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Japanese ATM Manufacturer Oki Gets into Bitcoin ATM Business

Leading ATM Manufacturer

Leading Japanese ATM Manufacturer Oki Gets into Bitcoin ATM BusinessFounded in 1881, the Tokyo-based Oki Electric Industry Co. Ltd (Oki) manufactures and sells products, technologies, software and solutions for telecommunications systems and information systems. Among other offerings, Oki supplies ATMs, cash-handling equipment, bank branch terminals for financial institutions, automated check-in machines as well as ticket reservation and cash-handling equipment for the retail and service industries.

The company claims to be the first to develop the world’s first cash recycling ATM in 1982. These ATMs recycle banknotes by taking deposits from customers and dispensing them to other customers who withdraw cash at a later time. They are expensive but are more efficient and save on the cost of labor.

According to London-based Retail Banking Research, there were 3.3 million active ATMs in 2016, about 30% of which were cash recycling machines. Oki’s corporate brochure says:

Oki is a leader in ATMs, with a leading share in the domestic market for financial institutions and the retail/service industries. In overseas markets, we actively sell “ATM-Recycler G7”, a cash recycling ATM that can handle banknotes in multiple currencies.

The Recycler G7 (RG7) is the company’s latest line of legacy ATMs, which is the seventh generation of its cash recycling machines.

Oki Launching Bitcoin ATMs

According to Nikkei Asian Review, the company’s next line of ATMs will be launching this month, and they will be Bitcoin ATMs (BTMs). The Recycler G8 (RG8) will allow customers to withdraw local currency from their bitcoin wallets as well as charge expenses to them. The publication describes:

It [the BTM] lets users link their online bitcoin wallets to the machine in order to withdraw funds based on the virtual currency’s market price, as well as deposit physical cash into their digital stashes.

Leading Japanese ATM Manufacturer Oki Gets into Bitcoin ATM BusinessThere will be other functionality as well, such as settling payment on invoices sent via smartphone. The features an ATM will have depend on the country where it will be located and what services local banks offer.

Initially, Oki aims to launch the new machines in China and other emerging nations. “Oki has no plans to deploy the ATM back in Japan yet, given the relatively quiet demand for bitcoin by financial institutions here,” Nikkei Asian Review wrote.

While the company has not announced where these Bitcoin ATMs will be installed, the RG7 units are installed in high foot-traffic areas such as international airports in Narita and Haneda, and other commercial facilities in Japan. In June last year, Oki installed 600 RG7 units in the State Bank of India, which is the largest bank in the country.

What do you think of Oki entering into the Bitcoin ATM business? Let us know in the comments section below.