CakeCodes Announces Hybrid Token Generation Event with Bittrex

CakeCodes Inc., a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term adtech firm, has announced a Token Generation Event (TGE), which will revolve around its ERC-20 token STORM. The token was designed for the company’s StorMarket.

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The TGE, which has been scheduled for August 15, 2017 until September 14, 2017, has set its minimum threshold at $5 million. The maximum cap has been set at $50 million. The STORM tokens will be sold through a hybrid crowdsale mechanism, where $40 million will be available via an Ethereum smart contract, and another $10 million through Bittrex digital asset exchange. Bittrex founder and CEO Bill Shihara and Unbank founder Brett Noyes stepped up as new members on CakeCodes Board of Advisors to assist with the progress of the project.

What Makes StorMarket Stand Out?

Simon Yu, CakeCodes CEO, noted that following the success of the company’s first project BitMaker, the current project is the next step in the services it seeks to offer: “We are excited to combine our expertise in mobile, digital advertising, and blockchain to create StorMarket: a frictionless, decentralized, inclusive, and global ecosystem for micro-task listings. As the utility token for StorMarket, STORM will revolutionize the peer-to-peer job market by providing democratic access to resources and contracts via a user-friendly mobile application.

StorMarket lets users rate and review each other based on ease of collaboration, quality of work produced, and the overall experience at the time of contract completion. This means companies can gain insight into the skill levels of potential contractors and the highest-performing individuals are duly rewarded.”

The StorMarket platform will allow clients to request services such as video editing or website developing, and select the appropriate professionals for the job. Professionals who are successful in bidding and completing contracts will automatically earn STORM tokens through an Ethereum smart contract.

Simon Yu added that StorMarket will decrease obstacles such as inefficiency and unnecessary tasks: “This kind of democratization has never been seen before and will open up the market to international collaboration with experts in unprecedented ways.”

StorMarket users can also receive rewards in the form of STORM tokens by testing and finding bugs in CakeCodes’ services. This would be a win-win situation, as the company will be able to cut costs and time on internal testing.

CakeCodes is Bitmaker’s parent company, which is a Seattle-based technology firm that also promotes the idea of rewarding users with Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term such as Bitcoin and Ethereum.