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COVA, a promising smart contract of data, proudly announced partnership with BitMax.io [BTMX.com]

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COVA, a promising smart contract of data, proudly announced partnership with BitMax.io [BTMX.com]
Source: BitMax

COVA, a promising data platform that attaches Smart Policies to user data to better protect data privacy, has proudly announced partnership with BitMax.io [BTMX.com], the reputable and innovative digital asset trading platform founded by a group of Wall Street veterans.

Since its initial launch in July, BitMax.io has been gaining attention world-wide because of its remarkable performance: the platform completed its early stage financing round with strategic investments from many of the industry’s top venture capital institutions including FBG Capital, BitMain, Matrix Partners China, and Danhua Capital; it is the industry first exchange that applies both trans-fee mining and reverse-mining; and as of 09:49 pm EST, on November 18, 100 mins since the launch of the industry FIRST transaction-mining and REVERSE-mining, the trading volume on BitMax.io [BTMX.com] had exceeded 100 million USD.

It is widely known that BitMax.io has been very serious about its reputation, and thus has become extremely selective when it comes to partnerships. So, who is the COVA project? And why it is COVA that BitMax.io has chosen to be the strategic partner?

Current Pain-point of Data Usage?

Like everything in the world the internet is long overdue for an innovative upgrade, currently, the internet is made up of data that are completely redundant, data that are prone to breach and misuse, our current level in terms of technology means that the internet needs to become more of an intelligent tool than a giant collection of redundant data.

A lot of people believe that internet is the most interesting discovery of the modern era, and it has gone from an isolated world to a connected world, though not fully connected, for the full potential of the internet to be appreciated it has to go through some reformation and one of such reformation is the state of the data, data needs to be made smarter and more secured.

Imagine an internet that is made up of smart data, data that have the capabilities to behave intelligently in that case we no longer need to worry about the privacy and security of data because those quality are being taken care of by the data itself.

A fair question at this moment would be: How and who is going to make that possible? Well, the answer is COVA.

Who Is COVA?

COVA is a blockchain company that wants to tackle this problem using smart contract.  COVA is a blockchain powered internet protocol, it makes use of the “Trusted Execution Environments [TEE]”,  TEE can be regarded as an isolated environment that runs in parallel with the operating system and ensures security for the environment. It ensures that the data and the code that is loaded inside the environment is protected with respect to confidentiality and integrity. In more technical case TEE refers to the nodes that run on the chain and provide the high computational power that the chain needs to carryout its basic functions. It makes sure that any data that moves across these nodes will be completely unreadable to the node initiators and ensures that  the data privacy and security is ensured. And also “Centrifuge” a  Policy Specification Language [PSL] that specifies data usage policies in programming language and a Policy Enforcement Framework [PEF] that enforces the PSL through code. lastly, “CovaVM” a Policy Enforcement Framework [PEF] that enforces the policy written in Centrifuge.

COVA protocol is an add-on to the current internet protocol that promises to transform the web into a web of strong security and privacy. With COVA, data can be completely controlled with a Smart Policy. COVA uses the guarantee from the processor-level security to implement self-protecting data with Smart Policies. The kind of internet COVA wants to create will transform our society in ways no one is expecting, with this advancement a lot of sectors would change drastically and the internet will become safe for everybody.

On their website

Or Read COVA’s white paper

You can also  Follow COVA’s Official Telegram Group

Follow COVA’s Twitter

Follow COVA’s Medium



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Press Release

Ampleforth [AMPL] To Conduct First IEO on BitFinex and Ethfinex’s Blockchain Project Launch Platform, Tokinex, in June

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Ampleforth [AMPL] To Conduct First IEO on BitFinex and Ethfinex’s Blockchain Project Launch Platform, Tokinex, in June
Source: Pixabay

Ampleforth expected ticker symbol AMPL, announced today it will be the first initial exchange offering to be conducted on Bitfinex&Ethfinex’s token project launch platform, Tokinex.

Ampleforth’s whitepaper, co-authored by Manuel Ricon Cruz, a researcher at the Hoover Institute, introduces the Ampleforth protocol. Further context for understanding the implications of AMPL as a new type of synthetic commodity and economic theory is provided in the accompanying Red Book.

The appeal of digital assets like Bitcoin is that they are uncorrelated with traditional asset groups. But, among large-cap digital assets, there is a high degree of non-diversifiable risk and the price volatility of most cryptocurrencies mimic that of Bitcoin.

Evan Kuo, CEO, and founder of Ampleforth said, 

“We see Amples as having a near-term utility that naturally dovetails into a much bigger vision, and I can’t wait to see it unfold. The Bitfinex and Ethfinex user communities are among the best in the industry, and we are excited to work alongside the Tokinex team for Amples’ exchange debut.”

Ampleforth’s protocol receives exchange-rate information from trusted oracles and propagates that to holders of Amples by proportionally increasing or decreasing the number of tokens each individual holds according to the magnitude of the exchange rate fluctuations over the previous 24 hrs.

For traders, these changes in the exchange rate and quantity translate into changes in Ample’s market capitalization. Ultimately, unique trader behavior in response to the protocol’s incentives is expected to produce an asset price with lower correlation to Bitcoin than other digital assets.

Jean-Louis van der Velde, CEO at Bitfinex, stated 

“The Ampleforth project is fascinating to us with its refreshing vision to become a unique digital asset and serve as a potential future reserve currency. We believe it can provide a unique volatility profile, uncorrelated to other digital and traditional assets. This uncharted territory makes Ampleforth, and the team behind it, the perfect first project to list on Tokinex and we are excited to provide an opportunity for the community to be a part of it.”

Paul Veradittakit of Pantera Capital said,

“Ampleforth is interesting because there’s not another asset like it, so it will likely not be correlated with other large-cap cryptocurrencies. With more traders and enthusiasts entering the ecosystem since the last rise, there needs to be an option like AMPLs, which could reduce the risk for the entire space, and potentially attract more institutional interest.”

About Ampleforth

Ampleforth is a digital asset protocol for smart commodity-money funded by Brian Armstrong, True Ventures, Pantera Capital, and Slow Ventures. For more information, please visit our website.

About Tokinex

Launched in May 2019, Tokinex is the IEO platform of Bitfinex and Ethfinex that brings fair opportunity to participate in curated token projects. It gives qualified participants the chance to contribute to pre-vetted token sales directly from their personal wallet through common crypto assets, and with no personal data or funds held by the exchange.

Tokinex uniquely does not require tokens to pay an upfront fee for listing and following a successful capital raise are subsequently listed on the two exchanges as permitted by applicable law.

For further information please contact.

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