Let's queue up the next "soft" exit scam.

SONM raised $42m USD in June 2017. Yes...$42m USD.

Now they've dumped all their code on Github so the community can finish building it for them, $42m USD wasn't enough from the sounds of it.

What are they doing in the meantime? Ah they're setting up their own "new private independent company". I.e here's some unfinished code and we're using what's left of that $42m USD to go and start our own company that has no relationship to the SNM token or benefit to SNM token holders. Thanks suckas.

RIP SONM. RIP SNM token. And mostly, RIP SNM token holders.

From memory there is now only one active cloud computing project now SUB and SNM are dead. DADI, now EDGE still exists and is in the process of accepting new nodes on their network for those looking to migrate across from SUB or SNM.

The world of crypto futures exchanges is getting spciy

https://twitter.com/cz_binance/status/1173418810918916096

Next up for Chiliz and Socios.com is Galatasaray!

Full team list is now -

Paris Saint-Germain, Juventus, West Ham United, AS Roma, Atlético de Madrid and Galatasaray (along with OG, a leading esports team).

What makes this announcement especially juicy is this -

"The Galatasaray Fan Token will go on sale, exclusively through Socios.com, in Q1 2020 through a process known as a Fan Token Offering™ or FTO.

Crypto-savvy fans can also use Socios.com’s native token, Chiliz (CHZ) — a digital currency for blockchain-backed platforms and products as well as mainstream users — which can be transferred from cryptocurrency exchanges such as Binance.com, straight to the in-app digital wallet.

Fiat currency purchases will be exchanged to CHZ in the app itself, meaning the process of buying Fan Tokens will be effortless and much the same as any e-commerce purchase."

CHZ tokens bought within the app by consumers are actualy purchased off an exchange on the users behalf at the current market rate at the time of purchase.

https://medium.com/chiliz/galatasaray-spor-kul%C3%BCb%C3%BC-to-move-into-cryptocurrency-through-chiliz-powered-platform-socios-com-c459d8dca6c2

This is why CHZ and the concept of actual adoption of the project and token is so appealing. Of course, these are just a few hand picked numbers from a low brow metric like Twitter followers, but to put them into context, Binance itself has around 15m registered users in total.

As you can see from the numbers above, each new team brings exposure to the CHZ token to millions of users and once the Socios.com application is released and there are FTO's run on the platform (essentially IEO's for sports teams) that require the CHZ token to participate, it's not difficult to see how much demand this has the possibility of creating.

Keep in mind too, these are all full partnerships that enable the CHZ and Socios teams to fully leverage these audiences and that the clubs themselves will receive a portion of the profits from FTO's, this creates an ecosystem in which there is not only demand for a token, but all parties are fully incentivised to make it work, not only for their bottom line, but also for their fans.

COTI is going to Bitthumb Global, a step towards a KRW pair for their Korean community

https://support.bithumb.pro/hc/en-us/articles/360035876173

On the 75th anniversary of the historic Bretton Woods Monetary Conference, which established the U.S. Dollar as global reserve currency , its time to ask tough questions about whether the current monetary system is failing and whether Crypto really can fix this mess.

https://www.youtube.com/watch?v=5E3aktjR8eI

Binance.us signups go live tomorrow (September 18th).

Who's keen to give your social security number to Binance for a daily withdrawal limit of approx 0.5 BTC?

If you're from Alabama, Alaska, Connecticut, Florida, Georgia, Hawaii, Idaho, Louisiana, New York, North Carolina, Texas, Vermont or Washington, Binance.us doesn't want you...

https://medium.com/binance-us/your-questions-answered-binance-us-launches-registration-tomorrow-71f8490ba80a

CZ is a good boy. BNB recovery pump in action now.

https://twitter.com/cz_binance/status/1174252381632114689

This is a wild story.

"Per the agreement, Nerayoff was ennoscriptd to 22.5 percent of all the cryptocurrency tokens sold during the ICO as well as 22.5 percent of all the funds raised by Company 1 “regardless of the method and manner in which [the funds] are raised.

The ICO raised 55,677 ETH during the pre-sale of the token. A crowd sale the following two months raised an additional 20,000 ETH, totaling 75,677 ETH raised, worth about $32 million at the time. Of the 75,766 ETH raised, Nerayoff received 30,000.

The following March, Nerayoff demanded a 10,000 ETH “loan” from Company 1 worth $4.45 million at the time, the complaint says. Nerayoff also introduced Company 1 to Hlady, his “operations guy.”

Jane Doe instructed a Company 1 employee to pay the 10,000 ETH loan to Nerayoff between March 28 and April 1, 2018. The loan was never repaid by Nerayoff, according to the U.S. attorney."

The figures, timeline and domicile of the project ,along with the fact there was a female cofounder seem to match up with the Storm ICO

Nerayoff has already been removed from the Casper Labs website...lol.

https://www.coindesk.com/doj-brings-extortion-charges-against-early-advisor-to-ethereum-tzero

Good article on DeFi releated resources from the @helisnetwork team.

https://medium.com/helisnetwork/top-5-resources-for-learning-about-defi-2b6b163565f5

COTI have released details on their node and staking programs today, stating a target of 30% annualized returns...

- To be eligible to run a Full Node, operators must stake 100,000 COTI for each node and set the fee they wish to charge per transaction.
- An operator may also choose to stake 250,000 COTI to run an Advanced Node and guarantee a 25% annualized return.

What makes this interesting is nodes earn a percentage of all transactions that go through them meaning profits for runniing a node will increase as more merchants join the network and monthly turnover grows...

100K COTI is approx $2300 USD and 250K COTI is approx $6000 USD roght now.

https://medium.com/cotinetwork/coti-opens-full-node-registration-and-reveals-staking-model-800bfcfdbe8a

Sounds a bit like an ICO business model...

https://www.zerohedge.com/markets/wework-fraud

After Binance promoted the fact BEAM was listed for "0 BNB". Do they take the community for fools? 0 BNB doesn't mean they didn't pay $300k USD (plus tokens) 😂

https://twitter.com/jaredctate/status/1175069765947314176

A great read that goes into the many use cases of ETH, both now and in the future

https://thedefiant.substack.com/p/ether-is-the-best-model-for-money

Bakkt is now live. No moons or lambos just yet.

Is institutional investment in BTC just a meme?

Bakkt Data Links. You can keep an eye on the action with the below links.

At 8 BTC and counting now...Moon soon?

Daily - https://www.theice.com/products/72035483/Bakkt-Bitcoin-USD-Daily-Futures-Contract/data

Monthly - https://www.theice.com/products/72035464/Bakkt-Bitcoin-USD-Monthly-Futures-Contract/data