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15.02.2019

CloudCoin Weekly Bulletin 67

RAIDA-based utility tokens, exchange among developments proposed
Several major developments for CloudCoin and RAIDA-based products were discussed during the Digital Frontier News webinar  yesterday.

Bob Cefail's guest was Jay LaCour of Megarray and Megabiz . LaCour said his companies had explored conducting a blockchain-based ICO but after learning more about RAIDA, they plan to utilize RAIDA-based technology to tokenize.

“It’s basically blockchain 2.0," LaCour said, "The whole world is talking about blockchain as this worldwide disruptor, but its just not nearly as much of a disruptor as CloudCoin."

LaCour said current blockchain tokenization faces difficulties with adoption--the process is just too technical. He said RAIDA presents a much more efficient and seamless process.

Cefail said he's been in contract with an SEC-approved funding platform about integrating RAIDA technology, and that Megarray's next funding round is ready to go using RAIDA, not blockchain, as the basis for tokenization.

This would result, they said, in Megarray/Megabiz clients using the tokens themselves as an option to pay for the companies' services.

The breakthrough, Cefail said, comes when thousands of Megarray customers become familiar with the simplicity and ease of use of RAIDA-based tokens and seek similar solutions for their own businesses.

Cefail said the RAIDAtech company itself would explore options for tokenizing its own current investors and be using its own technology for future funding rounds. The advantage to investors is the creation of a viable secondary market for ownership units, both for RAIDAtech itself and thousands of other companies. These secondary market would challenge conventional stock markets, commodity exchanges and currency exchanges by being faster, trustless, more efficient and more secure.
LaCour said he has licensed technology form Modulus , which is one of the world's biggest providers of trading platforms for hedge funds, forex and crypto exchanges. LaCour plans to create a new third-party trading platform in Malta for trading RAIDA-based products including CloudCoin, other RAIDA-powered currencies and all RAIDA-based tokens.

So how does all of this affect current CloudCoin owners?

CloudCoin is the native currency of any RAIDA-based protocols. If a company like Megarray issues RAIDA-based tokens, each of those tokens is, in whole or part, a CloudCoin. When thousands of companies issue tens of millions of tokens, it elevates the utility of, and demand for, CloudCoin, which are the hallmarks of value. An exchange dedicated to RAIDA-based instruments greatly expands the liquidity of CloudCoin and builds greater awareness, leading to ever further adoption, acceptance and growth.
Central bankers will debate 'Future of Cash'
CloudCoin Lead Scientist Sean Worthington will discuss 'perfect money' with representatives of the worlds top central banks during the 'Future of Cash' event Feb. 20-21 in Athens, Greece.

According to event organizers, Worthington will answer questions like:

  • If you look at payments today, how good of a job are they doing?
  • Why did DLT (Distributed Ledger Technology) come along and why has it been creating a storm?
  • How are government’s responding and why?
  • How is DLT doing and where is it going?
  • If DLT is not the “perfect” money and if it is not the right answer as an underlying technology to be a currency, what alternatives are there?
  • So if there is a technology that really does deliver the apparent benefits of DLT but without its limitations, how then should central banks respond?
  • If central banks are looking at creating their own cryptocurrency, would RAIDA be applicable?

This event will be the first steps toward central bankers developing sovereign digital currencies using RAIDA.
A few more participants needed for market research interviews
Can you spare ten minutes to share your thoughts about the future of CloudCoin?

Consortium Marketing guru Christopher Davis has already spoken with several CloudCoin stakeholders to gather their valuable opinions, suggestions, feedback and other comments.

Email Chris if you can spare 10 minutes or so for a personal interview by phone or over Skype.

All data collected will be anonymous and will help the Consortium as it fully enters Phases III and IV of its five-part operating plan.
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Want to work for the Consortium? We're hiring!
The CloudCoin Consortium is on the lookout for proven, experienced and qualified individuals with a passion for digital currency. There are both full-time and part-time openings at California HQ and remote.

  • Software testers for all operating systems
  • Minecraft developers/modders
  • Electron programmers
  • HR/personnel professionals
  • Accounting/bookkeeping professionals
  • Marketers, social media pros and PR experts
  • Software solutions salespeople
  • Filmmakers and video specialists
  • Writers and bloggers

Click 'reply' with a resume or CV to inquire or visit our Careers page.

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