SmartPlay.Tech Releases Win-Win Roulette, Drives Native RLT Token Price by Ten Times

SmartPlay.Tech Releases Win-Win Roulette, Drives Native RLT Token Price by Ten Times

Bitcoin Press Release: Online blockchain-based game platform SmartPlay.tech’s latest ‘Win-Win Roulette’ platform gives players the chance to earn dividends as its RLT Roulette token price grows tenfold

June 22, 2017, Amsterdam, Netherlands – Blockchain startup SmartPlay.tech has proudly announced the full release of its Win-win Roulette betting platform. The digital version of the popular casino game allows players to win big bonuses in RLT cryptocurrency tokens and gain a share of dividends from the company. Owing to its attractive nature, the platform’s RLT tokens have witnessed over 1000% rise in the value since its inception. The SmartPlay.tech betting platform runs on blockchain technology and uses Ethereum smart contracts to guarantee 100% provably fair gaming.

The Win-win Roulette is the second offering from SmartPlay.tech. Earlier in February 2017, the company launched the beta version of the first European Roulette. The beta platform went through an extensive testing phase, which helped SmartPlay.tech to create a “provably fair” platform solving the problem of cheated players. The game’s latest version went live on June 5, 2017. With this launch, the platform’s SmartRoulette game will be the first betting title in which players can be guaranteed to win without having to use their own funds. In less than 4 days, the newly released game attracted over 2000 players and 187000 game rounds, indicating the market’s interest in SmartRoulette.

SmartRoulette and RLT Tokens

Following the beta launch of the SmartRoulette, the game title has gone through an extensive test phase involving over 15,000 game rounds, 37,000 bets and 7,000 ETH changing hands. It is the first of its kind platform in the industry to offer members a chance to receive digital shares on the platform, in the form of RLT tokens.

All players holding at least 1000 RLT tokens will be automatically included in the list of participants eligible for dividends. They will start receiving a share of revenues from the game’s profits. During the first two months of the SmartPlay.tech dividend program, the platform has already paid out over 467 ETH ($102,740 as of June 3, 2017).

The RLT token is listed on Livecoin cryptocurrency exchange since May 22, 2017, and commands a total market capitalization of about $7 million at a unit price of around $0.7. Livecoin presently supports RLT trading in four currency pairs — USD, RUR, BTC, and ETH.

A SmartPlay.tech founder outlines what the platform offers, stating,

“We hope that users have already appreciated the results of our work. In fact, the main goal of our service is to provide an effective and high-quality product, the value of which is to create an interesting and winning game. We created the roulette, where everyone can not only win but also become a co-owner of the project, in real time keeping track of the development of the platform and the growth of their profit.”

In comparison with other similar game projects with capitalization of $20,000,000 to $30,000,000, SmartPlay.tech strictly follows the development plan demonstrating real results and building up a base of loyal players. Once the platform starts active advertisement campaigns, it will be able to surpass many competitors and at least demonstrate a three-fold increase in capitalization.

Provably Fair Gaming

The developers of SmartRoulette have studied popular online casinos such as William Hill, 888 Casino, and Winner to identify the opportunities for optimization, reducing the time taken by players to go through the whole game process. The use of Ethereum smart contracts on the platform makes it fully transparent and ensures fairness of gameplay. The Win-win Roulette’s randomized number generator has significantly reduced the number generation time to less than 3 seconds while maintaining an immutable record of previous activities. The use of blockchain-based smart contracts also ensures limited or no interference from the provider.

With the use of cryptocurrency technology, SmartRoulette has eliminated the need for multiple extensions to integrate player’s wallet. It also gets rid of long registration, account verification and plug-in installation process for users. The Win-win Roulette platform is capable of remembering returning players, and it automatically assigns in-game nicknames. All these changes, including the 200 RLT joining bonus to new players are achieved without affecting the integrity and fairness of the game process. The live version of SmartRoulette offers players a generous first deposit bonus of 50% along with 0.025% of each bet regardless of the game result. The bonus will be credit once a day and doesn’t require wagering in comparison with standard deposit bonuses.

RLT Dividends

RLT token (Roulette token) is both a tradable cryptocurrency and a digital share on the SmartRoulette platform, backed by the number of bets placed on the game. There are currently three ways that individuals can acquire the RLT crypto tokens. They can do so by playing the game, receiving up to 3% returns in RLT tokens on each bet; They can choose to purchase it over exchange platforms like Livecoin and Bittrex (coming soon); Benefit from the promotions, bonus and bounty campaigns run by SmartPlay.tech.

The SmartRoulette community members can benefit from the RLT tokens in multiple ways. They can either hold on to over 1000 tokens and gain regular dividends, trade it against other currencies on supported cryptocurrency platforms or just keep playing on SmartRoulette to win a fortune.

Those possessing RLT tokens can hold on to more than 1000 tokens to gain regular dividends. They can also start trading on supported cryptocurrency platform. The value of RLT token has increased by 1000% since the ICO. The cryptotoken, which was priced at $0.07 at the time of ICO is now trading at $0.7. The platform has gotten off to a promising start with substantial growth potential in near-term. As SmartRoulette continues to build a pool of loyal players, RLT’s value will grow further soon.

The platform offers daily dividends, triggered by the total balance. The dividend calculation and payout are triggered by a smart contract whenever the balance exceeds 300 ETH. The excess will be distributed proportionally among all eligible RLT token holders with wallet balance exceeding 1000 RLTs. The dividends received by players is decided by the amount available for distribution and the proportion of total eligible tokens held by each wallet with a balance exceeding 1000 RLTs. As the project progresses, the frequency and size of dividends will grow along with the growth in the number of players on the roulette website.

The company’s further plans include launching an affiliate program, connecting a voting system for the owners of RLT tokens, enabling their participation in the decision-making process. The team is also working on the development and deployment of new games to expand the SmartPlay.tech ecosystem.

Learn more about SmartPlay.tech at – https://smartplay.tech/
Play SmartRoulette at – https://smartroulette.io/

Media Contact

Contact Name: Julia
Contact Email: [email protected]
Company: Smartplay.tech
Location: Amsterdam, Netherlands

SmartPlay.tech is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

 

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Megawins Continues to Pay €10000+ in Rewards Every Month!

Megawins Continues to Pay €10000+ in Rewards Every Month!

Bitcoin Press Release: Megawins, with its huge Bitcoin casino game offering continues to pay big bucks in prizes and rewards every month.

June 21, 2017, City, Country – At Megawins, players can win big in unique ways besides spinning a slot reel or playing blackjack. This Bitcoin casino offers plenty of opportunities to win, and it doesn’t always have to be on a traditional “casino game.”

Most recently, this online Bitcoin casino has been paying out more than €10000 in prizes & rewards to its players each month. These huge payouts have been made possible thanks to the casino’s tournaments, lotteries, and popular VIP Program.

Megawins does have a large collection of Bitcoin casino games which includes more than 1000 slots, table games and even virtual video poker machines. Each of these games are capable of offering huge payouts to players, but in addition to conventional Bitcoin gambling, Megawins also has a monthly €3000 Slots Tournament, €1000 Lottery and a comprehensive VIP Program.

Megawins Monthly Tournament & Lottery

Megawins’ Slots Tournament is available on a monthly basis and the prize pool currently sits at €3000 in cash prizes with 1200+ free spins. This tournament rewards players with points for every spin they play at slot games. As players gain points throughout the month, the top 25 players receive their reward at the end of the month.

The Megawins Lottery is available each month as well and it always features a €1000 prize pool. The lottery winners are picked at random, so you don’t have to be a high roller to win! Players receive one ticket for every €25, $25, £25 or A$25 they deposit. On the last day of the month, ten players are chosen by the automated lottery system and get a piece of the prize pool.

Megawins VIP Program

The Megawins VIP Program greatly contributes to the €10000+ in monthly rewards that players receive. As a VIP player at Megawins, you can get cash rewards, free spins, cashback, deposit bonuses and a lot more just for playing. In both April and May, more than €6000 was paid out in VIP Rewards per month!

If you are not yet a player at Megawins Casino, make sure you sign up for a free account and you’ll receive 25 free spins (no deposit required). Having an account also makes you eligible for their welcome package which includes a 110% bonus on the first deposit, a 50% bonus on your second deposit and a 25% bonus on your third deposit!

 

 

Megawins Casino is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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ICO To Form Liquid Market of Venture Tokens for Pool of 21 Startups in Starta Accelerator

ICO To Form Liquid Market of Venture Tokens for Pool of 21 Startups in Starta Accelerator

Bitcoin Press Release: Cross Coin announces ICO to raise capital for Starta Accelerator’s startups through venture tokens.

June 21, 2017, Moscow, Russia – Cross Coin, a company that is launching an ICO for between $1.5 million and $5 million investment in a pool of technology startups in the Russian and American project Starta Accelerator, expects a high degree of speculative interest on the secondary market for its venture tokens. Investors will have the opportunity to exit their positions in the startups to obtain maximum profit, and to trade Cross Coin’s tokens on the secondary market to participate in all stages of growth for each of the 21 startups within the investment pool.

The Singapore-based company Cross Coin intends to release up to 5 million tokens during its Initial Coin Offering (ICO). Token cost is $1, which gives access to the venture capital industry to a wide range of potential investors. The first $1.5 million raised will be spent on refinancing the 21 startups that passed the Starta Accelerator program in 2016-17, with remaining funds to be spent on investing in the next tranche of startups.

“Investors can put their money on startups that have already passed the initial stages of their development and raised their first investment from various funds, accelerators and business angels. During the Starta Accelerator program, 21 startups were integrated into the business environment of the United States – the largest and most promising market. Our project is unique in this regard. Investors gain access to a diversified portfolio of actively developed and promising startups in the venture market. I’m confident that our collaboration with Cross Coin will prove a promising format for the venture market, which will be further developed by others in the future,”

Comments Alexey Girin, Head of Starta Accelerator and Managing Partner of Starta Capital.

News about the purchase of startups by strategic investors – ‘exits’, in venture terminology – exercises the most significant influence upon the price of their shares on the secondary market. In this case, the issuer of the Cross Coin tokens will receive a part of the profits from Starta Accelerator from the exit of each of the 21 startups, in proportion to its share in the portfolio – that is, 33%. The total amount of income from Cross Coin’s exits, less any administrative expenses, will be directed to the repurchase of tokens at market price.

Additional news triggers for the secondary token market will be as follows: raising a new round of investments by any startup from the Starta pool; increasing startup revenue; partnership with major market participants; contracts of B2B startups with large new customers; getting startups into large accelerators for the next investment stage, amongst other events.

“The democratization of venture investment is the primary idea of ​​this project. Exits of the startups in the investment pool will allow the ICO’s participants to receive an income comparable to the level of profitability in the existing venture industry,” comments Kayrat Kaliyev, Head of Cross Coin. “The secondary aim for ​​the project is the creation of a highly liquid secondary tokens market. This will allow many potential investors to participate in venture financing of projects with a low entry threshold and the ability to exit at any stage of their implementation. Gains in the market price will provide an opportunity to achieve ROI from reselling the tokens. The relatively low initial value of the token is an additional factor that increases its liquidity and attractiveness.”

Company and Team

Alexey Girin is a business angel investor, a private investor and a Master of Economics. He is co-founder and managing director of venture capital fund Starta Capital and Starta Accelerator. He has been working in the field of auditing and finance for more than 15 years and in the venture capital industry for more than 10 years.

Kayrat Kaliyev has worked in the financial sector for more than 13 years. He is currently deputy director of the Financial Technology Department of the Astana International Financial Center in Kazakhstan, and Head of the Cross Coin Company in Singapore.

About Starta Accelerator

Starta Accelerator is accelerator program in New York that was started by the Starta Capital Foundation in 2015. The mission of the program is cultural and business adaptation in the USA and integration into the investment ecosystem of technological startups from Russia and the Eastern European countries.

About CrossCoin

Cross Coin has call options for 33% of the Starta Accelerator 16/17 SPV, a company that owns 7% in each of 20 startups and 2% in the 21st start-up, all of which passed the Starta Accelerator program in 2016-2017. Each of the pool’s companies has been appraised with a market value of $1.9 million or higher.

Learn more about Starta Accelerator at – http://startaaccelerator.com/
Find out more about the Starta/CrossCoin ICO at – https://startaico.com/
Starta ICO on Bitcointalk – https://bitcointalk.org/index.php?topic=1887079.msg18750161

Media Contact

Contact Name: Elena Shushunova
Contact Email: [email protected] | [email protected]
Contact Phone: +7 999 9219019
Company: Digital Finance Agency
Location: Moscow, Russia

Digital Finance Agency is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS) OR TO ANY OTHER JURISDICTION WHERE SUCH AN ANNOUNCEMENT WOULD BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE.

PLEASE NOTE, THIS ICO HAS RESTRICTIONS TOWARDS US CITIZENS. YOU ARE ONLY ALLOWED TO PURCHASE STARTA TOKENS IF AND BY BUYING STARTA TOKENS YOU COVENANT, REPRESENT, AND WARRANT THAT YOU ARE NEITHER A U.S. CITIZEN OR PERMANENT RESIDENT OF THE UNITED STATES, NOR DO YOU HAVE A PRIMARY RESIDENCE OR DOMICILE IN THE UNITED STATES, INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, AND ANY OTHER POSSESSIONS OF THE UNITED STATES.

The Fastest Ethereum Blockchain Casino FunFair Announces Token Generation Event

The Fastest Ethereum Blockchain Casino FunFair Announces Token Generation Event

Bitcoin Press Release: FunFair, the fastest decentralized casino platform announces ICO, beginning June 22, 2017.

June 20, 2017, New York, USA – The world’s fastest Ethereum blockchain casino platform, FunFair has announced the launch of its token creation event, starting June 22, 2017, shortly after 10 AM (EDT). The use of breakthrough “Fate Channels” technology makes the games on Funfair not only fast but also fair and fun to play.

The founder and CEO of FunFair Jez San OBE explaining the company’s vision said,

“Unlike other companies, we have much more than a white paper and a dream for our token creation event… We’ve already developed real, playable casino games that prove our model works. Our vision is a limitless universe of transparent, secure casinos that can be easily created by anyone, anywhere in the world.”

The platform’s whitepaper offers more details about FunFair and the upcoming token creation event.

 

Disrupting the Global Casino Game Market

 

FunFair’s founders have a proven track record of over 40 years creating innovative, interactive entertainment products and have sold millions of games in the process. At FunFair, the team has solved three key problems necessary to disrupt the projected $60B global casino game market using blockchain technology: lack of fairness, slow game speed, and poor game experience.

Unlike other casino game platforms, FunFair is the:

Fastest – FunFair games are the fastest of blockchain casino games, occurring on the Ethereum blockchain without centralized servers. As a result, players see results in real-time that are fully auditable and provably fair while still fun and engaging.

Most Fun – FunFair games have the same rich 3D graphics and slick user experience that players of app-based games have come to love.

Most Fair – Players’ distrust of existing online casinos is widespread. FunFair uses highly transparent, Ethereum smart contracts with the code on the blockchain, creating the fairest online casino games available today. Players can see all their games and that of others to verify the outcome’s fairness and tp confirm whether they should have been paid.

Safest – FunFair games require no deposit or withdrawal. Players retain full control over their funds at all times. It ensures that the players at any point of time won’t be locked out of the platform, losing access to their funds in the process.

Lowest Cost – FunFair Fate Channels is known to handle transactions efficiently while charging a negligible transaction fee to its players. Players only pay at the beginning and end of each session – not for each hand or roll of the dice like most other games. As a result, players receive the biggest profits without delays or withdrawal fees – even during long sessions that most players desire.

Easy to Use – FunFair games require no download or sign up. Players can start playing immediately by just clicking on the link.

 

FUN Tokens and How to Participate

 

FunFair’s token, FUN, is the currency of this new ecosystem. The FUN token powers every aspect of FunFair’s Ethereum blockchain casino platform. Players will bet using FUN, developers and affiliates will be rewarded for their participation in FUN, and operators and licensees will pay players out using FUN.

FUN will also power the smart contracts that run the platform, including FunFair’s unique new Random Number Generator.

To participate in the token event, buyers simply visit the “Token Event” page and follow the instructions. Buyers will be given the official FUN token contract address (ETH and ERCO20), Bitcoin and Zcash addresses, and more information on how to use them. For fiat currency, buyers can contact [email protected] before the token event.

If 5 billion FUN tokens have been created at any time before the token event end date, token creation will continue for 12 additional hours after that point to ensure that anyone who wants to contribute can still do so. After 12 hours, the creation-crediting period will end. If 5 billion FUN is not reached within 16 days, the token event will close on July 7, 2017, at 10 AM (EDT).

Approximately 30% of funds raised from the token creation event will be used toward the development of FunFair’s peer-to-peer platform, protocol, and a suite of high-quality games. Another 30% of the funds raised will be utilized for marketing, PR and business development. The remainder of the funds will be used by FunFair to service licensees and promote third party development.

 

About FunFair

 

FunFair is the world’s fastest Ethereum blockchain casino platform. It’s also the first blockchain casino platform and protocol to make online casino games fun, fast, and fair. The company’s combined 40 years of experience building gaming and casino software means players benefit from beautiful, intuitive games that have bigger payouts and are always provably fair. Using its first-of-kind Fate Channel technology and Ethereum smart contracts, FunFair offers the ultimate casino experience – complete transparency, astonishing efficiency, and unrivaled gameplay.

FunFair is a developer of the platform, protocol, and games. The company licenses these games to operators and does not operate the games directly. Founded in 2017 by Jez San, Jeremy Longley, and Oliver Hopton, FunFair is headquartered in Singapore with development offices in London.

Learn more about FunFair at – https://www.funfair.io/
Access FunFair whitepaper at – https://www.funfair.io/wp-content/uploads/2017/06/FunFair-Commercial-White-Paper.pdf
Visit FunFair token event page at – https://www.funfair.io/token-event/
Find FunFair on BitcoinTalk at – https://bitcointalk.org/index.php?topic=1969678.new#new
Funfair.io Crowdsale Details – http://www.funfair.io/crowdsale/
FunFair Game Demo – https://showcase.funfair.io/
Funfair.io Slack – https://funfair-slackin.herokuapp.com/
Funfair.io Twitter – https://twitter.com/FunFairTech

Media Contact

Contact Name: Cecile Baird
Contact Email: [email protected]
Location: New York, USA

 

FunFair is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to FDIC and other consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

 

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DIMCOIN, the Future of Equity on Blockchain, Proudly Announces ICO

DIMCOIN, the Future of Equity on Blockchain, Proudly Announces ICO

Bitcoin Press Release: Blockchain equity startup DIMCOIN, offering a digital DIM (Data Interchange Module) Ecosystem with an array of services announces ICO dates.

June 19, 2017, Singapore – DIMCOIN has announced the dates for its upcoming pre-ICO and ICO crowdsales along with other details for participation. The crowdsale facilitates the involvement of investors in the digital ecosystem that allows individuals and businesses to conduct encrypted transactions (send/receive), including trading and management of company shares and assets using online wallets.

The DIM blockchain-based ecosystem enables cryptocurrency stock trading and equity tokenization on computers, mobile devices or via password-encrypted paper certificates. The DIM Ecosystem also offers its users a broad range of financial products and services that allow the user to engage in a multitude of digital interactions.

The platform is designed to make use of two different types of digital tokens; DIMCOIN and DIM Currencies. DIMCOIN, like Bitcoin and other altcoins, is a speculative asset that can be traded against its counterparts. Whereas, DIM Currencies are cryptotokens whose value will be pegged against respective fiat currencies.

The DIM TOKEN investors holding more than 50 DIM TOKENS will be entitled to some unique and exclusive privileges regarding the development of the DIM Ecosystem. These holders will be entitled to voting rights and a percentage (30%) of the fee’s collected by the ecosystem. The DIM TOKEN is an opportunity to earn lifetime recurring income based on transactions.

DIMCOIN is built using NEM blockchain technology, which offers a unique two-tier design using node reputation, spam protection, and incentivized infrastructure through supernodes, all to ensure transparent and secure online trading and transactions. With NEM as a foundation, DIMCOIN will revolutionize the industry of financial services and deliver a state-of-the-art ecosystem platform for assets and services.

DIMCOIN ICO

DIMCOIN has announced that it will host a pre-ICO from the 1st of July 2017 at 12:00 CET until the 15th of July at 23:59 CET. It will give early investors the opportunity to get involved with the project. DIMCOIN has chosen to reward early investors a 30% bonus during the pre-ICO. Every 100 DIMCOIN purchased during the pre-ICO will receive 1 DIM TOKEN and 30 DIMCOINS BONUS. The pre-ICO price will be 100 DIMCOIN per $1.00 USD.

The official ICO will run from the 16th of July at 12:00 CET until the 27th of August at 23:59 CET. The platform has announced a maximum cap of 10 million DIM TOKEN, and 1 billion DIMCOIN, which can be purchased during the ICO campaign.

The bonuses offered during the ICO will gradually decrease after the Pre-ICO starts in the 1st of July, 2017. During the Pre-ICO(1 July – 15 July), 30% bonuses will be offered for purchased DIM Tokens. Phase 1 of the ICO(16 July – 29 July) will have 20% bonuses. Phase 2 (29 July – 12 August) will have 15% bonuses.. Phase 3(13 August – 19 August) will have 10% bonuses. Phase 4(20 August – 27 August), the last week of the ICO, will have 5% bonuses.

Once the first fundraising goal of $10 million is reached, the price will switch from the fixed $0.01 per DIMCOIN to a dynamic price offer ranging from $0.02 and $0.12 until the next target of $30 million. At 30 million, the price of DIMCOIN will be fixed at $0.12 per DIMCOIN until all tokens are purchased. Soon after the ICO, the cryptocurrency will be listed on major exchange platforms, kicking off trading sometime during the beginning of Q4 2017.

Learn more about DIMCOIN at – http://www.dimcoin.io/
Follow DIMCOIN on Twitter at – https://twitter.com/DIMCOIN_ICO
DIMCOIN on Facebook – https://www.facebook.com/DIMCOINICO
DIMCOIN’s Instagram – https://www.instagram.com/dimcoinico_

Media Contact

Contact Name: Uros Trajkovic
Contact Email: [email protected]
Company: Dimcoin Foundation
Location: Singapore

Dimcoin Foundation is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to FDIC and other consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

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Melonport Announces Official Beta Release of Oyente Smart Contracts Analysis and Verification Tool

Melonport Announces Official Beta Release of Oyente Smart Contracts Analysis and Verification Tool

Bitcoin Press Release: Blockchain powered asset management software, Melonport in partnership with Oyente announces the release of the smart contracts verification tool.

June 19, 2017, Zug, Switzerland – Melonport AG in partnership with the Oyente development team is very proud to announce the beta release of Oyente, an open source analysis and formal verification tool for Ethereum smart contracts. Oyente can be used for any Ethereum smart contracting language (Solidity, Serpent, LLL, etc.), and its current iteration also has many features specifically geared towards Melon protocol module developers. An online version is available now at http://oyente.melonport.com/.

Reto Trinkler, CTO and Chairman of Melonport states,

“We are very pleased to see the development efforts of Oyente come to fruition. We believe analyzing disassembled opcodes from bytecode deployed to the blockchain and checking them against a set of properties is one of the most cost and time effective ways to reason about smart contract security to date. For the Melon protocol, this translates to a great open-source tool to help ensure quality and security standards in Melon modules.”

Explaining more about the product, Oyente project’s Lead Developer Loi Luu said,

“I am very happy to see the results of our academic efforts getting used in practice to bring value to the Ethereum community. Oyente can be used to detect many common bugs found in smart contacts like reentrancy, transaction ordering dependence and so on. What’s more interesting is that Oyente’s design is modularized, so this allows advanced users to implement and plug in their own detection logic to check self-defined properties in their contracts. I look forward to seeing more contributions from the community to make Oyente even more powerful and useful.”

The Oyente project started as an academic paper released by National University of Singapore Ph.D. student Luu and a group of his peers. After an initial open source release of Oyente covering ~80% of EVM opcodes, funding unfortunately depleted, and the maintenance of the Oyente project was put on hold. Following Melonport’s 2.5million CHF raise during a contribution period in February 2017, the Melonport team identified the potential of Oyente to greatly augment the Ethereum developer community’s ability to create safe and secure decentralized applications.

Specifically, the Melon protocol module ecosystem’s security and standardization can be greatly improved by usage of the tool. After an additional six months of hard work by the Oyente and Melonport developer teams, Oyente now covers 100% of EVM opcodes and had a plethora of other useful tools in the works such as ERC20 support. For more detailed information, please refer to our Oyente release blog post.

Mona El Isa, CEO of Melonport said,

“While formal verification is not a magical bullet for smart contract security, we’re very proud to be able to fund and share this open source symbolic execution tool with both our own module developers and the Ethereum community as a whole.”

Following this new release of Oyente, the developer team intends to continue adding new features to the tool, which may include functionality for the analysis of ERC20 and token contracts. For example, the team aims to detect if some function accidentally prints more tokens than expected in an ERC20 contract due to imprecise coding logic.

Learn more about Melonport at – https://melonport.com/
You can try Oyente online today at – http://oyente.melonport.com
Know more about Oyente beta at – https://medium.com/melonport-blog/oyente-beta-release-announcement-dd573cac1dff

Media Contact
Contact Name: George Hallam
Contact Email: [email protected]
Location: Zug, Switzerland

Melonport is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to FDIC and other consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

 

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Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 5 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information.